You are absolutely right. The main principle of investing in Bitcoin is responsible investing. some people greedily invest money that can be used for their urgent needs, which is a completely wrong strategy. a few important principles should be followed for successful investing. with proper planning, patience, and knowledge, it is possible to make a profitable Bitcoin investment, but the risk of loss is high if you are greedy.
There are some people who are greedy and invest money that is useful for their urgent needs, but this is not the policy of investing in Bitcoin.
Only invest money that you can afford to take risk Never invest money that is kept for your daily or urgent needs.
Plan for the long term Invest patiently without expecting quick profits, because the true power of Bitcoin is revealed in the long term.
with regular and moderate investment (DCA) strategy, invest gradually rather than investing large sums at once, so that the amount of risk does not increase due to market fluctuations.
Do proper knowledge and research Don't invest just on hearsay or greed, do your own research and make a market wise decision.
Well in the crypto community this is one of some worng mindset been brought to the community, most newbie in the cryptocurrency space are really fond of having this wrong mindset which i will say, most of them comes with the worng impression thinking BITCOIN investment is know for a quick money making machines which is wrong, in the little research and the little time i have spent on the cryptocurrency market which has transformed my mindset in other not to let greed the best part of me, and aslo to do your own research in other not to get scammed by any fake crypto preacher and the last by not the least always no when to invest what you can afford to loss that the most important part of it.
The DCA strategy has been one of some great help to many others in helping them accomplish their goals though the BITCOIN accumulating process without default