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Normally, bitcoin investment is not a get rich quick kind of investment and whoever that’s venturing into it should erase the mindset that he’s just going to make it over night. Bitcoin investment is a long term investment and at such should be followed up with the initial strategy of investing for the long term. Patiently accumulating and being consistent in it is key.
The main reason why some people give up easily on bitcoin is because they join the investment with that mindset of getting big overnight. But this is not true. Life is in stages and even investment too. Holding your bitcoin for at least 4 to 10 years would help build your patience and increase your financial wisdom when you finally start making it big. Bitcoin is a long-term investment which is best defined in bitcoin cycles. Each bitcoin cycle takes approximately 4 years . During this period, bitcoin price tend to fall, rise, fall back and possibly trail a while before hitting a lasting ATH. After each cycle, the level of extreme dip shifts upwards allowing market corrections never to go below a certain amount which could possibly be above your starting rate.
The longer you hold bitcoin, the better chances of achieving your goals. This does not mean you would make an investment and sit back waiting for 4 to 10 years to withdraw, continuous accumulation is advised best by DCA using your discretionary income and also by lump-sum investment or buying the dips. Whichever suits you best, just be accumulating at any slight opportunity and also be patient.