An important aspect is discipline and I think this is what you are trying to point out, it is a quality that every investor needs to have to be a successful bitcoin holder because the journey is not always rosy and it will take a strong mind to withstand and overcome the selling pressure when there is a dip in price during bear season. A disciplined mind will achieve a whole lot over a long period of time with bitcoin, there is no need to panic and sell when things are not going well you just have to keep in mind that there will be ups and downs during the journey.
To avoid selling we need to strategize and plan our investment properly and not invest money we intend to use for other things and we should always set aside emergency funds to cater for unexpected expenses to avoid liquidating assets prematurely but most investors take it for granted and feel it’s not a necessity.
In fact, discipline is very important in holding an investment for a long time, the fluctuations of the cryptocurrency market are absolutely normal, it will always fluctuate, that is why we have to try to remain normal during these fluctuations from the beginning, there are many who panic and sell at the slightest fluctuation, which usually creates obstacles in their path to success. As a result, they always lose the opportunity for success and always lag behind.
So, a investor will be successful only when our holding is long-term, so if we can hold for a long time through DCA with discipline and patience, we can definitely achieve big profits. And for this, we must make strategic decisions, and start holding with proper planning, and must keep emergency funds in the account, so that if we face unexpected expenses, we do not face any problem like stopping the holding.
Okay, but you need to make a correction, since we are going through an important topic related to Bitcoin Investment, you should use the word specific Bitcoin. You should refrain from word confusion so that no one else is confused.
However, there is a great method for investors to save Bitcoin in the midst of Bitcoin market fluctuations and that is the DCA method. For those who are afraid, investing is not at all safe because under its influence, they may lose some part of their valuable capital. If you are a Bitcoin accumulator, this may be enough to keep your invested capital safe if you can continue to save continuously for the long term and uninterruptedly.
As you continue to accumulate Bitcoin from discretionary income through a best process (DCA), you should focus more on growing your holdings and tend to take profits after a fairly decent holding has been built up over 4-10 years or more and more years.