You may be right but being positive is different from excessive speculation when you are over speculating you are giving yourself hope but it will be discomforting after giving yourself hope and the price of Bitcoin didn't get to the speculated price. In as much as it is good to be positive we should know how to be positive about something so we don't get discourage when something went wrong. Buying regardless have always been the best way to go about Bitcoin and instead of me to be speculating about Bitcoin I would rather look for a way to increase my holding.
You are actually right here no doubt, because one major problem most Bitcoin investors have is too much expectation, and it's sad to say this that if things doesn't goes as planned, they will feel really bad for themselves, that's why I believe that in as much as we are accumulating Bitcoin and trying to accumulate a very huge stash of it, we should have it at the back of our minds that nothing is promised in this life, anything can happen in the future that may warrant our Bitcoin investment not to go as planned, so going all in is dangerous, not just the financial aspect, but also the expectations and emotional aspect is very bad and dangerous to our well being.
So invest what you can afford to lose, either financially or emotionally.
One of the most overlooked aspects of Bitcoin investing isn't just the financial side, it's the emotional resilience needed to survive the journey. Many people set sky high expectations, and when reality doesn't move in sync with their timelines, it leads to frustration, panic, or even emotional burnout.
Bitcoin rewards conviction, but conviction doesn't mean blind hope, it means understanding the game you are playing. You are right, nothing in life is guaranteed. That’s why a measured, balanced approach one that considers not just your capital, but also your emotional bandwidth is crucial.
You need to get rid of the idea that you can get rich quickly by investing in Bitcoin. This is not a quick scheme for earning money. Investing in Bitcoin cannot guarantee you profit, but if you invest patiently, there is a great possibility of getting good returns. Bitcoin is the most volatile currency, and it is very natural for there to be a price correction at any time. If the price is slightly down at any time, do not panic, but if you can hold Bitcoin regularly, then it is definitely possible to get good returns. Moreover, it is more convenient for those who do DCA when it is down. In terms of investment, if you keep accumulating a part of your discretionary income in Bitcoin regularly, it will help you risk-free and stress-free investment and you will be able to keep a large part of Bitcoin in your possession in the long term.
You are spot on about the dangers of chasing quick riches with Bitcoin. That mindset often leads to impulsive decisions and emotional instability, especially in a market as volatile as this one. I completely agree, Bitcoin isn't a get rich quick scheme, and treating it like one is a recipe for disappointment... So I never meant it was a rich quick scheme.
What I was emphasizing earlier is that beyond the financial strategy, like DCA and long term holding, there's a psychological game at play. Emotional resilience is just as critical as technical knowledge. Many investors underestimate how mentally taxing it can be to watch their portfolio swing wildly, even when they know volatility is part of the deal.......
DCA is a great tool, especially during downturns, but it only works if the investor has the emotional discipline to stick with it. That’s why I believe a balanced approach,one that considers both financial and emotional bandwidth is key. Conviction isn’t just about holding through dips, it’s about understanding why you are holding and having the mental clarity to stay the course.......