To build a good Bitcoin portfolio, in addition to buying regularly, it may be a good idea to buy a little more aggressively when the market is in dip.
In my opinion a good investment portfolio requires longer time and it is necessary to purchase Bitcoin regularly. Moreover building an investment portfolio requires a lot of patience, time and need to keep themselves steady during the market updown. As you mentioned that buying a little more aggressively when the market is a dip, it is okay but buying it aggressively may have to be considered on your financial ability.
Because the amount of money we budget for our regular Bitcoin purchases comes primarily from our disposable income, that is, from the money in our budget set aside for investments. So I think it might not be wise to aggressively invest all of your hard-earned money, as a result regular Bitcoin purchases may be temporarily halted.
To build a portfolio, you do need patience so that you don't make mistakes or rush into making decisions other than routine purchases. And if your goal is long-term, this is something you must always remember and must be planned and directed well.
I mean because the goal is long-term, planning must be done when you want to make aggressive purchases that you should have planned or prepared well in advance outside of important needs such as reserve funds and also routine purchases that you have set aside outside of those needs, so that you can make aggressive purchases at the right time when the market is down without having to change or sacrifice other important money or money that you have arranged as well as possible just for aggressive purchases and that will only mess up your plan or deviate from what you have arranged well.
And I repeat and remind you that your goal is long-term which means you have plenty of time to build a portfolio well and get to know the market or Bitcoin movement well so that you can do it very well with very thorough preparation so that everything goes well to generate extraordinary profits in the future.
You are right in saying that we need patience and income source and regular purchases to build a good investment portfolio, there are also a few other steps such as staying steady when the market is going down and staying steady when the market is going up and it is most necessary to have a long-term goal. Actually the content of my post was this: When many people see the price of Bitcoin dropping while routine purchase, they try to buy aggressively. Maybe everyone is waiting for this opportunity even purchase with reserve funds and money out of demand. My point is that if we are short of money to buy Bitcoin regularly while buying aggressively, therefore everyone should have a reserve fund.
I strongly disagree on the aspect of risk management here, we are Investors buddy, not traders, it's only traders that pay attention to risk management because they are always in the market thinking that they can outsmart the market, which is very much unlikely, but in the case of Investors like us, what's the point managing your risk when we are holding for a very long time?
Don't you know that by holding it for a very long time the risk attached to Bitcoin will be reduced to the bearest minimum since it's an asset that appreciate in value overtime, so what am trying to say is that we have no business managing our risk as a Bitcoin investor, all you should do is to invest with an amount you can do away with, and once you have a source of income and an emergency funds in place to sorts you out during emergencies, you are good to go.
And the principle of long-term holding is that you don't take short-term profits and don't sell on short-term volatility. Create a financial situation where you can hold your Bitcoin holdings for the long term without interruption and try to buy more Bitcoin at the dip price if you can afford it.
That's why you must have a source of income, an emergency funds and possibly a backup fund in place, so as to be able to develop a strong holding hands even during emergency situations that may arise in the future, with all this in place, their is nothing stopping you from holding firmly even in difficult times