Quote from: chigo on March 24, 2025, 10:57:19 PM

Quote from: Derekfunds on March 24, 2025, 07:17:58 PM

Having a stable source of income is not the only thing that will make an invest hold for long term there are others things that is attached to been able to hold for a long term which are, good management skill, patient, determination and some others. Now if an investor has a stable source of income and doesn't have a good management skill, that Investor will squander his money and even the discretionary will not be kept because the ability to keep his or her discretionary, emergency funds etc will not be there that is he or she won't consider them and again even if and investor has a good management skill and he or she is not patient the investment will still crash because he will be tempted to sell off.

agree with you here, however a successful investor is one who manages to combine all aspects in his investment,
- has a stable income
- is able to manage money well
- is patient and has full confidence in what he is investing in
- has principles
we all know that the price of bitcoin today is $87,500 imagine if you buy bitcoin at a price of $100k if you don't have patience and determination then your principles will collapse, besides if you use emergency money or the only money you have then you will definitely sell at a loss and will not buy again. not all investors are able to implement the DCA method, you must be able to have all of the above, then you can be called successful in investing.

Yes, all of these aspects are very important to be applied by Bitcoin investors, so that their potential for success in investing in Bitcoin is greater. Because, if a Bitcoin investor does not have the principles or aspects that you both mentioned, it is likely that the investor has a small chance of being successful in his Bitcoin investment. But we need to remember to invest in Bitcoin, especially for those who are starting out, I don't think it is necessary to bother first to have such a character. Because the most important thing for novice investors who will invest in Bitcoin, is probably only courage and discretionary income. Because without courage, someone will definitely never dare to take steps to invest in Bitcoin, even though that person is patient, can manage finances and has a stable income. Therefore, the courage to start and accompanied by having discretionary income, in my opinion, is the main foundation for someone to be one step closer to success in Bitcoin investment. And regarding matters of emotional control and so on, I think it can be learned while the investment is running.