There is a certain value that come from both investing into bitcoin and also continuing to study bitcoin, without presuming that we know more than we know.
So any of us could end up becoming arrogant in regards to bitcoin, and we might end up losing our own focus in regards to how to build our bitcoin investment and to be able to continue to hold it and/or maintain it without causing ourselves to go crazy by the ongoing (and likely inevitable) volatility in the short-to-medium term. Volatility on the way up and on the way down can have stressful repercussions and some kind of a need for a plan in regards to how to deal with some of the extremes that should already be somewhat expected even though the extremes can frequently feel like they are exceeding expectations... so in that regard some needs to prepare financially and psychologically for happenings beyond expectations.
One thing I've learned in my short period of bitcoin investment is that dips and downward volatility causes higher panic when you don't investment with discretion. Also, buying by DCA also eases the stress of downward volatility since an investor seizes every dip to buy and has little or no time to think about the previous one bought at higher prices. In my own opinion, what greatly cause panic among Investors is when they invest more than they can afford, like investing what they can't do away with, but when you invest only what you can do away with, and you are holding for a very long time, you will always be calm regardless of the market condition because you know that no matter what happens to the value of Bitcoin, it can always recover and rallies back on the longer run and even to a more better height, so as we are investing in Bitcoin, the best way to go about it is to invest only what we can do away without for a very long time.
That is the truth. Most people panic not because of anything easy, but because they have invested what they can't afford to lose. The way some people view Bitcoin investment is what makes them sell their holdings along the way.Just imagine someone has $5,000 in their bank account and invests the entire $5,000 or even $4,000. They will definitely panic whenever Bitcoin's price drops, even for a correction. Some people are losing in Bitcoin investment, despite their knowledge about it, all because they invested what they can't afford to lose. They are trying to claim smartness, thinking they can make big profits if they invest a large amount of money.
It is true that capital in Bitcoin investment often leads to profit, but capital alone is not the key to big profits in Bitcoin investment. How long someone can hold also plays a significant role also .investing only what you can afford to lose ensures a smoother journey in Bitcoin investment. Always invest within your means and keep an emergency fund aside.