Generally, those who invest long will not be emotional about these minor market down and turns. If you notice, you will see that those who invest in short positions expecting to make a quick profit are the ones who get emotional and sell Bitcoin during bad market conditions. Especially those who sell Bitcoin emotionally and cannot make a profit. Those who sell Bitcoin emotionally will regret it later when the price of Bitcoin increases. Bitcoin is a coin that has a very low probability of being lost. If you invest for a long time, you will get a profit, it is 100% sure, on the other hand, those who invest in short positions in Bitcoin cannot achieve such a profit. They may gain a small profit, but most of the time, they cannot.
But a new investor does not understand this at first. When they start investing, they have the mentality, "Investing in Bitcoin will make quick profits, and they will make profits by taking advantage of market fluctuations", but when they actually do this, they cannot control themselves, because the market is as difficult as they thought it was easy. And because of this, they cannot maintain their holdings due to market volatility. But if they could understand the long-term potential of Bitcoin, and invest with a long-term mindset, they would definitely make much better profits in the future. Therefore, "not being unduly afraid of the natural fluctuations of the market" this should be understood well by every investor. Then they will refrain from making fearful and harmful decisions.
The mindset when holding bitcoin for the long term, controlling emotions does play an important role. But besides that, we also have to understand several things. First, don't expect profit in the short term, because no one knows what will happen next. Maybe when we buy it, the price is at the end of an uptrend even though in the long term it is still profitable.
Second, don't use borrowed money or debt. Because maybe when we buy it, the downtrend has just started. Debt needs to be paid, but if you want to wait for the price to go up, it can take months or years. So that will affect your emotions to sell immediately because there is a debt that must be paid later.
Third, timing is also important. As the saying goes, time is gold. In investing, if the timing is wrong, even though we can still profit in the long term, in terms of time we lose so that often here emotional decisions play a role in making the wrong decisions. We all know that bitcoin is for the long term, but when you invest without a strategy and knowledge, your emotions cannot be controlled so it is difficult to hold bitcoin in the long term because of the ups and downs of the bitcoin price.