This is the key question here, am talking about the bold words in your statement, because what I have observed about Bitcoin investment is that if truly you have a plan of buying and holding for a very long period of time, and you truly trust in the capabilities of Bitcoin rallying back no matter what, or how dip it fell, you wouldn't even blink or even think of selling off your holdings if you invested with a money you can do away with for a very long period of time, because you know that you are not needing it anytime soon, but because any emergency situation can arises in the the future, that's why we make sure to make provisions for emergency funds, so that we wouldn't have to temper with our holdings due to emergencies.
The hard truth is that if you don't have that funds which you
aren't going towill not be tempted to touch at any short period of time you shouldn't start your investment with Bitcoin
, because one thing is for sure, the market is definitely gonna test you and toy with your emotions and only when you can pass this test is
if you understand the game and when the money involved aren't for urgent needs. This is my second bull market experience I have tested and have seen what that works.
In real life, there are some moneys you know you can put aside and
ifwhether you lose it or not, you're never gonna feel you've lost something and such money is the type of money one needs to start investing in Bitcoin according to your level of income because Mr. A might lose let's say $100 and never gonna feel it, And B $50, whereas Mr. C will lose $10 and isn't gonna have a rest of mind at the of the day.
I have got understood over the past years of my journey with
crypto, that Bitcoin is indeed a long-term game after my experiments over the years on what that works.