Bitcoin is always the best currency to invest in. If you invest in Bitcoin now, you will forget about that investment for some time after the investment. And only keep an eye on bitcoin price when it crosses 100k, because we all know and believe that bitcoin price will definitely go above 100k. If you look at the Bitcoin price chart for the last few days, you can see that the price of Bitcoin has increased amazingly in the last few days. So you invest and hold without panicking. And never think to selling.
Even if one tends to sell, it depends on how much they must've accumulated and hold overtime. Though there have been some misconceptions about investing in bitcoin and some other coins but just so they know Bitcoin is the way out and moreso the price of Bitcoin will always change and at such affect the market trends.so no need to panic while buying and don't sell loss cause of some panic attacks of the price change.
You have spoken well. Self-correction in Bitcoin investment is a hot topic. The main reason why many people lose confidence in controlling market movements is because they are not able to control themselves properly. Bitcoin is a long-term investment. It is important to keep this in mind. It turns out that the price of Bitcoin suddenly reached $200K or $300K, so you cannot decide to sell. You must wait for one or two cycles to pass. If you cannot hold Bitcoin for two cycles, then you will be deprived of the real taste of Bitcoin. Do not panic, but invest regularly with patience and also arrange to hold alternative funds to solve your current problems.
Actually, Bitcoin is not something that will suddenly increase in value so much, you may be wrong concept.
Bitcoin will not make you suddenly rich. Investing can be a great progress for you if you can stick with it. I am saying that regular Bitcoin from discretionary income and occasional frontloading will show positive amounts in your portfolio according to the cycle. Depending on the market movement and demand, you should maintain a steady focus on your goal, have a backup fund and a floating fund for single buy during each dips season. If you hold two cycles, you may not get the expected results from Bitcoin and the possibility of being satisfied. It may be reasonable to have more than one more cycle in regular accumulation to fully enjoy the taste.
Even though we cannot count on or even expect bitcoin to suddenly make us rich, each of us shoudl be prepared for outrageous Upwaard scenarios that could end up playing out.
In 2015 guys who had largely invested by that time, ended up experiencing a 78x increase in their wealth between late 2015 and late 2017, and even though BTC prices corrected back down to $4k to $6k in 2018, these guys would have had still been 16x to 24x better off in 2018/2019, even accounting for the correction, and if they held onto their BTC since then, they would have continued to experience upward movements in their wealth even if they might have felt that they had not invested enough prior to 2015 so maybe they would have had continued to buy bitcoin at higher prices even with their profit levels from the earlier rise.
A similar thing is true in 2021, since if guys had largely accumulated bitcoin prior to 2019, they would have had experienced around a 16.5x price appreciation between early 2019 and various times in 2021, and even if they suffered through the 2022 fall in BTC prices, even at the bottom of the 2022 fall in BTC prices, those guys who had accumulated their bitcoin prior to 2019, they would have had still been more than 4x in profits.
There are no guarantees of similar upward price moves in the future, even though surely many of us can appreciate that bitcoin's investment thesis and even its potentials for upward explosiveness cannot be ruled out, which also continues to justify accumulating bitcoin as early as possible and holding it and maybe even continuing to accumulate bitcoin until a guy gets to a place of having enough bitcoin or more than enough bitcoin.