Quote from: Jaycoinz on Today at 08:20:20 PM

Quote from: Cityhunter34 on December 31, 2024, 10:04:25 AM

Quote from: Adbitco on December 26, 2024, 10:05:51 PM

Quote from: Odusko on December 26, 2024, 09:19:24 PM

So as long as you are investing what you can afford to put aside for a long term into Bitcoin, you are good to go through with Bitcoin volatilities because of the long-term perspective of the investor.

You are definitely correct, this is where most people make mistake. Knowing that bitcoin is something that has a value or has a way of growing over a long period of time, it is required to invest what you can afford to put aside for a long time. The challenge most people have with investing in Bitcoin is investing money they have need for urgently. This is not how investment in Bitcoin work because it will make you to panic in case price does not go your direction immediately.

You both are absolutely right because Bitcoin investment is always necessary to setup a good plan for yourself so that Incase if any emergency comes out you can be able to settle it without touching your Bitcoin. At least before thinking of investing in Bitcoin would should always be aware that Bitcoin is not a get rich quick scheme, it required a enough time for you to get a good profits from your Bitcoin investment.

Its just common sense to set up something going so that no matter what you as an investor don't get to touch your bitcoin that's if you know its value and the reason I say this is because of the few percentage of investor that are not guided in terms of what to do because so many people actually held bitcoin for so many quick cash mentality so holding it for long is a definitely something to consider with these types.

Most times, those that we refer to as weak hands are those Bitcoin investors who never take the time to plan their Bitcoin investment journey and all that attracts them is the potential gains that await them, this set of Bitcoin investors is always under pressure to make gains because they invest more than what they can bear as risk, and for that become pressured to make quick profits, but when the market goes against them, and they incur little loses their will rush to liquidate their investments because of the fear of losing all which is something they can't afford to do at that moment, so waiting for possible market recovery is not part of them and at that FOMO becomes their companions.
When you want to invest in Bitcoin, the first question should be, how much can I invest in Bitcoin if the Price goes 50% against me I can still be comfortable looking away from the market and wait for a long term sometimes let's say 3-4 or 5 years investment targets and with DCA approach.