Bitcoin investment is all about long term planning meaning an investor will have to hold bitcoin for a long period of time (4-10) years depending on their target. Irrespective of the market price buying and selling is meant for traders but when a person fail to understand basic knowledge about investing they see the market price as a means to sell their bitcoin, few might even panic. All what an investor need throughout their bitcoin journey so they don’t have to panic rather hold with patience is a good management plan, it all boils down to a good cash flow definitely but, it doesn’t mean a person will have to go all in, realizing every investment is risky including bitcoin the best advice here is invest using the money you can afford to lose. No one wants to fail basic reason why an investor should stay patience with their bitcoin holding.
You have made a very important point. It is indeed true that investors must show a lot of patience after investing in Bitcoin. However, the sooner you decide to invest in Bitcoin, the better because the more time you waste, the more likely you are to miss out on opportunities. If someone has extra money to spend, there is no point in wasting time before taking Decision to invest in bitcoin . However, you must be very patient in the later stages of starting Bitcoin investing because making hasty decisions in a short period of time will definitely not bring good results. For example, let me give you an example the price of Bitcoin always fluctuates, and if suddenly the price of Bitcoin seems to be decreasing a lot, Then you must observe the matter patiently. There are many people who become too hyper and decide too quickly and sell Bitcoin. This has a very negative impact on Bitcoin investing because the right time to expect profit after Bitcoin investing is to wait a minimum of four to ten years and in the meantime, follow the DCA method and invest in Bitcoin with the discretionary income. The price of Bitcoin fell significantly in 2022. Towards the end of 2021, the price of Bitcoin was around $$46,197.31 . Later, it decreased and by the end of 2022, the price was only around $16,531.31. If someone were to lose patience at this time and sell their Bitcoins thinking that the price of Bitcoin would drop even more, they would have to regret it a lot in the present day. Therefore, those who want to invest in Bitcoin must be patient and pay attention to acquiring as much knowledge as possible to make timely decisions. Only then can something good be possible from investing in Bitcoin.
Price in 2021 End of year : $46,197.31
Price in 2022 End of year : $16,531.31
Price in 2023 End of year : $42,278.32
Price in 2024 End of year : $93,586.33
Current Price: $115,334.10
Source:
https://charts.bitbo.io/price/