That's right. Investing emotionally, the loss is higher than the profit. There are many who are upset about the market value of Bitcoin. In fact, in this case, emotion works more than your conscience. And New come no deeply aware of Bitcoin be more because
of no emotional for investment. This type of event is due to lack of knowledge. Since Bitcoin is a long-term investment system, you need to prepare in such a way that you can move forward with a 8-10 year investment plan. Taking advice from different senior people will no longer be emotional. And you need to gain deep knowledge about Bitcoin.
You can use the DCA method to sustain your long -term plan. This method helps invest in Bitcoin for a long time by overcoming market instability. I think this DCA approach is Bitcoin for long -term investment
The best method of investing.
That is why we must learn how to control our emotion so we will not become emotional seeing the market changes. We can stick to our investment plan with DCA because we know that method will work best for us. We use Bitcoin as a long term investment so we need to wait and have more patient to stay on the line. We can also learn from other people especially about DCA so our knowledge can be improve and we can use it with right.
Using DCA method will help us to focus. Besides that, we also learn to have patient so we can run our investment without a problem. Many people benefit from DCA method and enjoy the ride of the investment.
As a long-term investor in Bitcoin, regular market monitoring can have a negative impact. There are some who do not have a very good knowledge about Bitcoin, when they see a big price correction, they may fail to hold back their emotions, which can destroy their holdings. That is why it is better not to monitor the market regularly. If an investor is patient and tries to hold only, then he will definitely benefit from Bitcoin investment. In this case, DCA is the most useful method for investors. Among the investors, those who see the fall of Bitcoin as an opportunity will definitely be able to build a large portfolio of Bitcoin in the future.
They don't have to monitoring the market and only buy Bitcoin without think much. Those who think negative about the fluctuation of the market will not have power to calm down their minds because they will panic and lose their investment by selling it fast without think. They will regret if they do that because when they see Bitcoin price increase, they will desperate and ask why they sell their Bitcoin too early. So we must have a strong hand to hold on tight our Bitcoin and focus with buying Bitcoin gradually. Those who see the Bitcoin journey will not think much about the fall of the price because they understand that is the process to achieve their goals.
There is always going to be some emotions, yet the stronger that we set up our systems of investment, cashflow management and back up funds then the more likely that we can reduce our emotions - even if we cannot completely eliminate emotions, but if we have good systems in place, we may well realize that we are best off to just stick with the systems that we have in place, and not to change any of our course of action based on emotions that we might be feeling...
...even though sometimes the level of our emotions might tell us that there might be something that we need to change, since sometimes if there is a dip and if we are becoming overly emotional, and we are not buying and we are thinking about selling some BTC, then we likely might be able to realize that we are overly invested. .but we might not be in a position to resolve our situation of being overly invested when the BTC price is down.. or we might learn that we need to keep some money in reserves so that we can buy when the BTC price dips so that we will feel better, yet we may still realize that the BTC price might keep dipping even after we bought more BTC, yet our level of emotions might still inform us that there might be some ways that we can tweak what we are doing so that we are not becoming so emotional.
We cannot eliminate emotions but we can control it and manage it. We have a good system that works well for us so we will not become emotional but we can think wisely according to the market. We can calm down if the market is down because we know that the market will be back to the high price soon.
If we can manage our emotion properly, we are not afraid with anything happen because we can do the right thing and will not give a trouble to us. Even we will not think to sell Bitcoin if the price drop but we may think to buy more because we see that is another good time to buy more Bitcoin at a low price. I prefer to have a reserve money that we can use to buy more Bitcoin besides of the money that we use to buy Bitcoin with DCA.