The way Bitcoin has increased in the past few days, I think that the Bitcoin market may soon touch $150k. Since I started investing in Bitcoin, I have not seen any major negative changes in the market. Before investing, I knew very well about investing and I also knew very well that there can be positive and negative changes in the market after investing. Since I have not experienced any negative changes so far, I am still ready for negative changes in the market. I am trying to maintain my investment continuity for a long time, I have taken the idea from many that I can invest any amount of money in Bitcoin whenever I want. I think this is a big advantage for investors like me because in most cases, if we want to manage a lot of money together and invest, then it is not possible to invest it, there will be a little money left and I will invest a little money, this is probably easier than all other strategies.
Bitcoin is a very volatile assets and definitely we would find it very difficult to predict what the next price or ATH would be from Bitcoin, We might probably experience and downturn as well, but what I understand is that nobody knows what is going to be and how it’s been controlled, I don’t see any negative consequences or situations associated with Bitcoin, as long as we have a clear long term plans, that is why it is paradoxically bad not to invest in a long term plans and hold, what I owe myself right now is to keep investing and approaching Bitcoin with a mindset of continuous accumulation, whatever the price of Bitcoin and the situation of the market is to keep buying Bitcoin and accumulate instead of waiting for a downturn but when the opportunity comes with buying in a downturn if the discretionary income is there it’s necessary to keep accumulating and buying aggressively, because buying aggressively would depend on the amount of discretionary income that we have and not the amount of income that we have, because what would enable me to buy more and buying aggressively is the amount of discretionary income that I was able to create for myself in a long run that would help me to do my Bitcoin stacking more efficiently, surely everyone who is an investor in Bitcoin have somewhere comes across a downturn but if we need to buy more in a reduced price that is to say we should have more discretionary funds, we know our expenses and bills to take care of, then we should also try to figure out how to sustain our Bitcoin investment and to create more increase number of discretionary income that would help us to grow our Bitcoin portfolio more and more increase a long term investment plans.
I really understand what you said, especially about focusing on longterm plans and not trying to predict every move Bitcoin makes. The market is too volatile to guess right all the time, so building a habit of steady accumulation based on my discretionarys income feels like the best way forward. I am learning that it is not about how much I earn, but how much I can consistently set aside without affecting my needs. If I can grow that part and stay committed, then I know over time my portfolio will also grow, regardless of the market swings.