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Now I get your point and understand more better , in any circumstances selling should be the last alternative, so it’s important we make provisions for emergency and revered fund, that can at least sort out our expense and sustain for a while until one gets another job, or if unforeseen circumstances occur our reserved fund can help out , at the end our desire and target of long term investment can be achieved .
Even if we do everything perfect, we are still not guaranteed to make profits - even though if we engage in strong cashflow management practices, then it becomes less likely that we are going to be easily shaken out of our investments based on sloppy practices.
There are a lot of newbies and/or even poor folks who do not engage in good cashflow management practices, and they are more easily shaken from their investment as compared with a rich person who might already have a lot of back up funds in place, including friends and relatives who might be able to bail them out when they screw up their cashflow management. Poor people do not tend to have a lot of back up funds that are naturally in place as compared with more well-off investors.
In other words, poor investors likely need to make more preparations to make sure that they are not shaken from their investment, yet even if they do everything perfectly, they are still not guaranteed to be profitable in their investment, yet if they do not make the proper kinds of preparations to make sure that they have strong cashflow management systems and practices, then they are increasing the likelihood that at some point they will get shaken from their investment..
You’re right about your illustrations especially as it concerns the reality of life because In as much as the future optimism is high, we must not also forget about the reality of life as an investor. Poor cash flow management practices is one thing that is capable of ruining one’s financial life be it business or investments. Bitcoin investment is a long term strategy and at such it needs to be given the adequate attention and time,and also follow it up with the right strategies. that’s mostly why as an investor you need to have a source of income coming in either monthly, weekly or daily and even if you have this steady income source, without having the right mentality or the right financial management skill, there’s every tendency that your investment is going to crash even before time. You don’t have to venture into bitcoin investment with a quick profit making mindset because you’ll so be disappointed, but with the long term strategy of accumulating and holding, it will surely pay off. Bitcoin Investment is not a gamble where your chances are 50-50, and since it’s based on chance and those chances are created by some outcomes which are beyond your control. But In bitcoin investment you just need to have the right approach and mindset, even though both of them involved risk, but with the right strategy of investing in long term, that is continuous and consistent accumulation and holding for the long term, with informed decision. It will certainly pay off in the long run.