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Edited on 03/06/2025, 15:36:51 UTC
Someone who panic sell there bitcoin because of a dip is definitely making a mistake, because when there is a dip in the price of bitcoin it presents an opportunity for us to accumulate more with a different and more convenient price as well, but I most say it is more common with someone who is new into bitcoin, or probably doesn’t have a little basic knowledge to panic sell at this point in time
You are right ,most people  that panic and sell their bitcoins are probably traders which maybe short term investors, when there is dip many investors view it as a chance to purchase Bitcoin at a lower  price forgetting that it should be an avenue to accumulate more and hold rather than selling it,but they don’t know that Bitcoin value fluctuate rapidly,but they would be the once to regret later.

Sometimes what makes some people panic and sell their bitcoin is when they don't set a plan to follow when investing in bitcoin and they use all their money to invest in bitcoin, so when there is a dip, they will panic and sell their bitcoin to get money they will use to solve their daily expenses. But if people can set a plan that allows them to invest in bitcoin with money they will not need in the next 10 years, I think they will not panic and sell their bitcoin even when there's a dip because they plan and invest in bitcoin with money that won't stop them from solving their daily expenses.

If they are in that situation which they struggle to meet their daily needs better for them not to invest on Bitcoin yet. Its not good for anyone to sacrifice their basic needs just to invest on Bitcoin since at the end they still not going to succeed since they are struggling any any bad market movements will make them desperate to sell their Bitcoin because they afraid to lose their remaining funds.

This is why its important to have stable source of income since with this we provably don't encounter those situation and provably we could set aside some funds for investment also other things we need. 10 years is long to wait that's why people must be prepared not only financially but also emotionally since there's lot of things they provably encounter thru the whole process of their accumulation and its good if they are prepared since provably that they won't get affected even if the market dumps.

To sustain an investment for the long term, it is very important to prepare yourself mentally also. Without mental preparation, an investor can easily panic and make the wrong decision due to short-term volatility. If they do not understand the real potential of Bitcoin, they will consider even a small volatility as a big negative issue, as a result of which, they can easily decide to sell their holdings despite the loss at that time.
To hold for the long term, you need to have a good financial situation, as well as prepare your mentality to buy more while dumping, instead of selling during volatility. Those who truly understand Bitcoin, they never think of selling, but no matter how much the price dumps due to volatility, they try to just buy more at that time and they are the real investors.
In short, before making a long-term investment in Bitcoin, you need to prepare yourself in all aspects, Create a strong source of income, in terms of financial security (emergency funds, reserve funds), in terms of right mental (not selling during times of instability, but buying more). Keeping all these things in mind, you need to prepare yourself in a balanced mindset, so that you never have to make the wrong decision.
It's not important for a new investor to set up an emergency funds before he starts his bitcoin investment. As long as he has the basic knowledge of bitcoin and his discretionary income, he is good to go. You can be investing in bitcoin and build up your emergency funds along side with your bitcoin investment by sharing your discretionary income into two parts. You use one part to be investing in bitcoin weekly with DCA, and use the other part to build your emergency funds simultaneously with your bitcoin investment.

If your emergency funds is up to at least three months of your income, you can channel that money to build your reserve funds. When you have achieved building both your emergency and reserve funds, you can then use the money to add to your DCA amount to invest aggressively. If you want to start waiting to build up your emergency funds before starting your bitcoin investment, you will be wasting a lot of time missing out the opportunity in the market and bitcoin price will keep increasing. When there's no bitcoin investment ongoing, there's no need for emergency funds. Do you know that it can take you more than one year to build your emergency funds of at least three months of your income. Waiting is never a good option.
Original archived Re: Buy Buy Buy or Sell Sell Sell?
Scraped on 03/06/2025, 15:07:03 UTC
Someone who panic sell there bitcoin because of a dip is definitely making a mistake, because when there is a dip in the price of bitcoin it presents an opportunity for us to accumulate more with a different and more convenient price as well, but I most say it is more common with someone who is new into bitcoin, or probably doesn’t have a little basic knowledge to panic sell at this point in time
You are right ,most people  that panic and sell their bitcoins are probably traders which maybe short term investors, when there is dip many investors view it as a chance to purchase Bitcoin at a lower  price forgetting that it should be an avenue to accumulate more and hold rather than selling it,but they don’t know that Bitcoin value fluctuate rapidly,but they would be the once to regret later.

Sometimes what makes some people panic and sell their bitcoin is when they don't set a plan to follow when investing in bitcoin and they use all their money to invest in bitcoin, so when there is a dip, they will panic and sell their bitcoin to get money they will use to solve their daily expenses. But if people can set a plan that allows them to invest in bitcoin with money they will not need in the next 10 years, I think they will not panic and sell their bitcoin even when there's a dip because they plan and invest in bitcoin with money that won't stop them from solving their daily expenses.

If they are in that situation which they struggle to meet their daily needs better for them not to invest on Bitcoin yet. Its not good for anyone to sacrifice their basic needs just to invest on Bitcoin since at the end they still not going to succeed since they are struggling any any bad market movements will make them desperate to sell their Bitcoin because they afraid to lose their remaining funds.

This is why its important to have stable source of income since with this we provably don't encounter those situation and provably we could set aside some funds for investment also other things we need. 10 years is long to wait that's why people must be prepared not only financially but also emotionally since there's lot of things they provably encounter thru the whole process of their accumulation and its good if they are prepared since provably that they won't get affected even if the market dumps.

To sustain an investment for the long term, it is very important to prepare yourself mentally also. Without mental preparation, an investor can easily panic and make the wrong decision due to short-term volatility. If they do not understand the real potential of Bitcoin, they will consider even a small volatility as a big negative issue, as a result of which, they can easily decide to sell their holdings despite the loss at that time.
To hold for the long term, you need to have a good financial situation, as well as prepare your mentality to buy more while dumping, instead of selling during volatility. Those who truly understand Bitcoin, they never think of selling, but no matter how much the price dumps due to volatility, they try to just buy more at that time and they are the real investors.
In short, before making a long-term investment in Bitcoin, you need to prepare yourself in all aspects, Create a strong source of income, in terms of financial security (emergency funds, reserve funds), in terms of right mental (not selling during times of instability, but buying more). Keeping all these things in mind, you need to prepare yourself in a balanced mindset, so that you never have to make the wrong decision.