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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.
I totally agreed , nothing is guarantee , even having a strong cash flow management, there will still be uncertainty which involves our investment, so profit and lost is not guarantee ,but all one need is good managerial skills to less our risk in our investment so that we may not be shaken out of our investment.
Hey what is that uncertainty that is not guarantee with a strong cash flow, if the person in question like you said has a strong cash flow then why having uncertainty that will involved his investment, that means the person will be having a diverse strong monthly cash flow.
If you have invested when Bitcoin price was $ 30, $70 and now the price is about $107 will you say that Bitcoin investment Profit is not guarantee aren't you seeing how fast Bitcoin is growing, come on let's be realistic to ourselves or are you trying not to see the reality right before you
Each of us still tend to gravitate towards our own experiences, even though sure we can look back at the charts in regards to what bitcoin was doing prior towards our getting involved in bitcoin, yet we are still likely going to gravitate towards wanting to analyze the bitcoin price and even the performance of our own holdings.. which surely does justify that newbies figure out some amount to invest and just keep investing, learning along the way and may be even tweaking their investment amount as they learn more and potentially become more comfortable investing into bitcoin.
Yeah, I see your point and to be honest, I have caught myself doing that too. Like, even though I know the bigger picture and long term potential of Bitcoin, I still find myself checking my own portfolio and trying to analyze every move it makes. It is just how we are wired lol as new investors when we’re invested.
But what i have learnt is that too much focus on short term price can mess with our mindset. For me, what helped was picking an amount I am comfortable with, staying consistent, and focusing more on learning than reacting. It is hard, but I am trying harder to get use to it..