My understanding of how important it is to invest only in Bitcoin is what has made me to start buying small whenever I have money I don't have urgent need of. I started around August last year after spending about 7 months in the forum and since that I have not sold any of my Bitcoin because I have plans of holding them for a long time.
If you started investing in bitcoin in August then that is only 5 months or 5.5 months at most - not 7 months.
Yes, guys like to exaggerate, and it takes a long time to build an investment and/or to let it grow.
I will be sincere with you, I was actually tempted to sell at some point but thank God for this forum and the people here who I see are not in a hurry to sell. I usually admire people who have Bitcoin so I said to myself that I will also have this Bitcoin too and treasure them so well.
if you are already tempted to sell some or all of your bitcoin within the past 5-ish months then how are you going to be able to continue your investment into bitcoin for 4 years or more... perhaps you don't really know how to consider bitcoin as an investment rather than a trade, efven though you did use the word investment to suggest that you were actually investing into bitcoin.
yep.. there are so many guys who cannot resist trading or wanting to play BTC price waves, which does not seem to be a great (or strong) investment mentality.. even if they say what they are doing is investing, yet sure we cannot stop people from their own inclinations to trade, gamble and/or their inabilities to really set long term timelines and long term mentality in a solid place within their own perceptions and practices to actually employ something that would actually rise to a level of investing rather than trading, gambling and/or wanting to play any BTC price waves that might exist or that they perceive might exist in the short to medium term.
You are ultimately responsible for however you choose to approach your bitcoin. whether you are working towards accumulating it or if you might consider that you are in and out of it and you are rally aiming to accumulate some dollars. Some people may well want both or they might be flexible for whatever works out best, yet lacking in focus seems more like gambling/trading rather than investing, even if some traders might actually perceive that they are investing as long as their dollars continue to go up, so some frameworks still could be correct, even though how the results play out can take a decent amount of time to really compare the differences, and it is not like we can go back in time and change what we did once we might have already done certain things.. ..
even though every day we can decide whether or not we are going to change or tweak anything that we are currently doing.. and to even project out how we expect to go forward and to consider the extent to which any of our actions might be related to changes in the BTC price or if we might be designing the execution of our plans forward based on other factors, such as how much discretionary income that we have and how much of that discretionary income we want to allocate towards bitcoin on a regular basis (such as weekly) and how we might want to store our BTC (or move if) from time to time in order to make sure that we are sufficiently and adequately safeguarding it. Yeah, maybe our security and safeguarding of our bitcoin does not matter too much while we are within our first few months or even in our first year of accumulating bitcoin, yet if we keep stacking bitcoin and our bitcoin stash presumptively continues to get larger, we might have various threshold amounts that we consider to start to move our bitcoin to other locations in oder to hopefully secure it in better and/or more private ways.... and some guys will reach those kinds of thresholds early in their investment, and other guys might take a decent amount of time before they feel that they have enough bitcoin to move it off of exchanges and into private wallets, whether a hardware wallet or some other kinds of wallets.