I will be more interested to know that bitcoin investment is not guaranteed with profit, that is why it’s more sensible to understand that while investing in bitcoin we should aim for investing in a long term sustainable investment, which can actually help us to buy and accumulate bitcoin and hodl bitcoin for a long term, which will help us stand more chance of getting more successful bitcoin investment, I would understand when someone says profit isn’t guaranteed while investing in bitcoin, but instead it’s more profitable to invest in bitcoin for a long term investment goals.
To invest in Bitcoin for the long term, you must take some steps, for this you must follow the DCA method because Bitcoin investment is best and easiest to hold for a long time only through the DCA method. And to maintain Bitcoin investment for a long time, it definitely requires emergency funds and discretionary income, because the more you can invest in Bitcoin using the DCA method, the more you will save on your purchase price.
If you think about profit at the beginning of Bitcoin investment, then you will not be able to maintain your Bitcoin investment for a long time, so if you achieve a small benefit in the middle of Bitcoin investment, you can leave Bitcoin investment for profit. However, you should know that if you hold Bitcoin investment for a long time and wait, you will definitely be able to profit.
I agree with you on this, anyone who have this mindset of making profit at the early stage of their accumulation will surely not succeed in their investment journey because they will so much focus on the profit and they can take a little profit they will see because they will feel if they don't take the little profit that price of Bitcoin will dip and they won't see this profit again which is a wrong mindset and this is always exercise by traders and some people who disguise as an investor.
And lastly, Investment in Bitcoin is not just about holding for long term but also doing the necessary things that is meant to be done, such as consistent accumulation, growing your discretionary and keeping your emergency funds on standby to offset any emergency that will come up and also keep your wallet safe.