Bitcoin is a volatile market, and its trend is not always the same. When investing in Bitcoin, it is definitely better to think of long-term investment. Excessive expectations have various negative effects on long-term investments. Those who expect quick profits in their investments get disappointed when the market is volatile. When an investor expects the price to increase and if the price falls, he gets disappointed and loses the ability to make decisions. Just as excessive expectations have a negative effect on investments, sometimes not being able to make decisions at the right time also causes negative effects. Determining the right time to enter the market is a challenging issue for investors because the Bitcoin market is volatile. Many investors wait before entering the market so that it may increase further but in the end it is seen that time has run out and they miss their opportunity. If the objective is long-term, excessive expectations should be eliminated. It is important to follow a fixed plan in long-term investments.
Invest on what you can afford to lose as simple as that, you wont easily get affected if ever the market dips. Instead on freaking out, you would rather see up these things to be that having the opportunity to buy more and since you are wary about into its potential then you wont care at all. It all matters about emotional stability i should say.If you are eager or serious on going for long term then you would definitely doing such act and trying out to adjust accordingly. Buy or Sell, use up your common sense and it will be able to tell you on what are the actions needed. Your mind and emotion will be your main enemy on which if it do oppose on what you do plan then thats where problem do starts.