What of in rough times, I had a family friend who battled illness I had to be there for her and I used my little Bitcoin saved. I am not crying over it because I can still continue to save more the little way I do. I don't think about big profit now but continuity.
-CJay
Your ability to hold bitcoin for a long period of time matters a lot and mere looking at bitcoin investment as an alternative where you get your problems solved can be complicated at same time for a newbie you might find it difficult growing your portfolio. Consistency is important but consistency without planning can easily fail everything, you gave a reason which I think an emergency funds could help if only you saved much more emergency funds secondly your reserve funds also can fall in place to handle such kind of situation instead of selling your holdings. Reasons why you should not sell out your bitcoin when you’ve not gotten your desired target basically buying again to pursue previous level is difficult for example bitcoin price fluctuate and imagine you sold everything definitely building back your portfolio will be so difficult compared to previous portfolio.
Timing the market is just a waste of time, and that is the reason why some people have not yet started their Bitcoin investment. They will hardly be satisfied with every Bitcoin price is at that hime because they always want more dip. Even if they are lucky and Bitcoin falls to their target price, they will still set another target price for buying again. This is how some will continue, giving excuse upon excuse just to see more dip. But if I had to say something, I would say that these people are never ready for long-term holding of Bitcoin. They are rather looking for quick profits in Bitcoin, but I will say it hardly works that way.
Timing bitcoin market are mostly done by traders, they spend more time studying when to buy and sell looking for quick profit by selling their bitcoin in loss. Investors who watch bitcoin market waiting for the dip sounds like a waste of time because they’re missing out by holding fiat whereby value depreciate, it’s better they buy the dip now else they might never see the previous dip although even if previous dip price range will come they’ve already wasted their time.