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.
Sure, If you really need profit in your bitcoin investment, you just need to plan and set your target for long term and you will always get the benefit of your investment in Bitcoin. Setting up your plan usually make you achieve your goal, because you won't be willing to sell your coin easily when you have not reach your target. Because anything that you set a plan or target you need to wait thing you reach your goals before you sold it out. Anyone that invested on bitcoin is because of the profit he will achieve. So I don't really know why some are scared of losing money on bitcoin. In my opinion Anyone that is really afraid to lose in bitcoin investment don't really know what is doing and I can probably says that he didn't acquire the full knowledge about bitcoin, because bitcoin is always long term purpose and you need to wait for the right time to sell it out. if because of the emergency someone sell at lose, he didn't follow the guidelines of investment. Because they said we should have source of income before investing in Bitcoin, because is not a day job to achieve your goals.
Many beginners who invest in bitcoin don't consider having patience. That is why, when they go into the investment, they expect it to be a kind of investment from which money can be made very quickly. Even because of a lack of patience to learn, many beginners invest in the wrong coins, which normally leads to massive losses. Being patient to learn doesn't mean one is slow or would miss the opportunity.
That is what is causing alot of losing to newbies. they came to the market to get quick money and that doesn't work like that, patient is the key to reach your target. If you are not patient you can not be and investor to invest in Bitcoin or any other business that will bring profit to you. Some will invest in bitcoin and putting mind to get huge profit in just a few months. Newbie always think getting profits is easy because they have be hearing many people are talking about the benefits they achieved on it, and they didn't know the years the person spend before getting the huge profit. Patient is not really easy because when you don't have anything you will be struggling and looking for alternative to solve problems, and probably do what is wrong to make you lose your patience. And that is why even in the bitcoin investment, when you are on loses you will start thinking like to sell all the remaining coins so that you won't lose everything. But if you have patient and you know that bitcoin is volatile and definitely the price will raise anytime. so we need to wait for your target before selling it and get your profit.