To build a good Bitcoin portfolio, in addition to buying regularly, it may be a good idea to buy a little more aggressively when the market is in dip.
In my opinion a good investment portfolio requires longer time and it is necessary to purchase Bitcoin regularly. Moreover building an investment portfolio requires a lot of patience, time and need to keep themselves steady during the market updown. As you mentioned that buying a little more aggressively when the market is a dip, it is okay but buying it aggressively may have to be considered on your financial ability.
Because the amount of money we budget for our regular Bitcoin purchases comes primarily from our disposable income, that is, from the money in our budget set aside for investments. So I think it might not be wise to aggressively invest all of your hard-earned money, as a result regular Bitcoin purchases may be temporarily halted.
To build a portfolio, you do need patience so that you don't make mistakes or rush into making decisions other than routine purchases. And if your goal is long-term, this is something you must always remember and must be planned and directed well.
I mean because the goal is long-term, planning must be done when you want to make aggressive purchases that you should have planned or prepared well in advance outside of important needs such as reserve funds and also routine purchases that you have set aside outside of those needs, so that you can make aggressive purchases at the right time when the market is down without having to change or sacrifice other important money or money that you have arranged as well as possible just for aggressive purchases and that will only mess up your plan or deviate from what you have arranged well.
And I repeat and remind you that your goal is long-term which means you have plenty of time to build a portfolio well and get to know the market or Bitcoin movement well so that you can do it very well with very thorough preparation so that everything goes well to generate extraordinary profits in the future.
You are right in saying that we need patience and income source and regular purchases to build a good investment portfolio, there are also a few other steps such as staying steady when the market is going down and staying steady when the market is going up and it is most necessary to have a long-term goal. Actually the content of my post was this: When many people see the price of Bitcoin dropping while routine purchase, they try to buy aggressively. Maybe everyone is waiting for this opportunity even purchase with reserve funds and money out of demand. My point is that if we are short of money to buy Bitcoin regularly while buying aggressively, therefore everyone should have a reserve fund.
There are many things to keep in mind to sustain a long-term investment, you just "invest" and "hold", Easy to say But it is much more difficult to observe it correctly. To keep an investment for the long term, first of all, we need to ensure that we are maintaining financial stability to sustain that investment, and have taken all kinds of steps.
No one can say when the market will go up and when it will go down, but after the market goes down, there are many who panic and decide to sell their holdings, but this is the most wrong thing, because at this point a real long-term investor will focus on buying more.
However, risk management and financial security should always be kept in mind, since the market fluctuates uncertainly, so you cannot decide to sell your holdings at any moment. The reason may be that the market price will dump tomorrow (uncertain), and if you need money tomorrow and you sell your holdings, you will definitely face losses.
Therefore, to keep your holdings safe during such a volatile time, there is no alternative to urgently sell, an emergency fund will ensure your financial stability and someone will keep your holdings safe.
But another important thing is to refrain from panic selling, when the market is down, many investors get scared. And by selling their holdings at that time, they immediately face losses, so you should stay away from this issue. Panic selling will happen only when you do not understand the real potential of Bitcoin. Because those who truly believe in Bitcoin never think about selling, their main purpose is long-term holding, even if Bitcoin decreases, they do not sell, and even if Bitcoin reaches its highest level, they do not think about selling, because they do not take short-term profits, they remain steadfast in their purpose and whatever the price, they only keep holding, this is the real long-term investor.
And the principle of long-term holding is that you don't take short-term profits and don't sell on short-term volatility. Create a financial situation where you can hold your Bitcoin holdings for the long term without interruption and try to buy more Bitcoin at the dip price if you can afford it.
