Let's be patient in anything we are doing so that we won't regret our bitcoin investment journey. The way we have the confidence that it will be profitable in Bitcoin for the long term, let's keep that word possible and not sell our coin; even if the market is bad, let's wait for our target before selling it.
Yes, it's true that patience, doubt and uncertainty are actually the key reasons why most people loses their investment in Bitcoin, most especially during a brief bear period, resulting a decline in the value of Bitcoin. And as such, it only takes two factors to ensuring people don't lose patience in Bitcoin, which involves ensuring that people knows what Bitcoin is, how it works and everything needed to know about it, so as not to get panic whenever they see a decline in price value, knowing fully well that it will always rise too. While secondly, another solution to ensuring people don't lose patience about selling their Bitcoin is to advise people to always buy an amount of Bitcoin they can always afford to lose.
Yes I agree with you and I would like to add some more important points in this regard like if someone has doubts about his investment then his patience may get deviated and he may be irregular in his investment hence my advice investors should keep the continuity of Bitcoin accumulation through discretionary income. As a result his patience will be less likely to get deviated. While investing in Bitcoin investors should keep in mind that the amount available for investment should be what he is ready to lose.
I think if you keep investing in Bitcoin for the long term through discretionary income regularly regardless of the price then there will be less tendency to panic while holding because your mental preparation and patience are already set.
Yes, you are right, it is very important to have faith in Bitcoin to invest. Because even if you have everything such as a prudent income, continuity of investment, you can still sell your investment if you do not have faith. The Bitcoin market is very volatile, you can never tell when the market will fall or if you do not have faith in Bitcoin, you can panic and sell your holdings during the fall. As a result, it is very important to have faith in Bitcoin. It is not possible to hold on to only one thing for the long term, you have to move forward with all aspects.
A person always needs to keep himself calm because if the person gets excited during the fall, then at that time that person can get panic and sell his holdings, due to which he will try to keep himself calm as much as possible.