Quote from: Joy- maker on Today at 09:33:17 PM

Quote from: BITCOIN4X on Today at 07:55:10 PM

Accumulation is of course recommended and I'm sure the average investor and holder has such a plan, but the problem is the additional budget. I really wanted to accumulate as much as I could when the price of bitcoin dropped to $74k a few days ago, but I had to skip it because I didn't have any extra budget. I don't want to use a reserve budget that is enough to cover my and my family's needs for the next few months to accumulate, that's too risky and not part of my plan.

I agree that markets will recover over time after dumping, but using reserve budgets (not additional budgets) to do so is not always justified. The reserve budget and additional budget for accumulation must be different, this is an investment approach that I think is safe for the long term.

as an inventor you need to avoid emotional control and stay disciplined, always stick to your investment plan and avoid making decisions base on emotions, because emotional control is one of the reason why investors makes investing mistake in bitcoin, assuming you allowed yourself to be control by your emotions when bitcoin dip to $74k and you went ahead to buy with the money you never budgeted for buying the dip that is investing mistake you might help up regretting it, because the money was budgeted for you and for your family expenses for the month, JJG have always advised us to only invest with the money we don't need for long term after we must have settled our needs and expense.

Quote from: BITCOIN4X on Today at 07:55:10 PM

In fact, long-term bitcoin holders actually earn profits worth it with any risk considered. I've never heard of them experiencing a total loss just from holding it, unless they lost access to their storage wallet or something bad happened that resulted in the loss of bitcoins from their wallet. Long-term holders always have the opportunity to make big profits, but eventually they will also sell and reconstruct their portfolio.

exactly bro I concur to this one, because I never heard that any one loose his or her bitcoin investment by holding for long term unless they lost access to their wallets, or they got scammed or one thing happened along line of their investment journey.

And also JJG have also advised on setting your emotions from your investment aside, from the little I have learnt I think we need keep watch over our emotional, and emotional control can help you avoid making mistakes such as investing money you can affording to lose or deviating from investment strategy. Most sand to be corrected and failed to understand that one should only invest money you can afford to lose and don't need for short term gains or expense which can help in managing risks.