If the phrase is "Invest what you can afford to lose," we should not say that when it comes to long-term investment, Bitcoin is always the best long-term purchase. These are the ones I usually read in the comments. Then we didn't understand what we were saying.
We may have different views and opinions, but that doesn't mean that our thoughts are all right. We, as investors, must be prepared for the consequences that we can face that are not good when we invest in Bitcoin or cryptocurrency.
Topic: Bitcoin Investment, Beyond "Invest What You Can Afford to Lose" - page 3. (Read 821 times)
November 09, 2023, 04:29:11 PM
November 09, 2023, 04:07:29 PM
This phrase is not only applicable to just 5$ to $10 because if you convert such amount of money to some country's currencies you would understand that such amount is worth saying invest what you can afford to lose. In fact the sole reason why people often say invest in what you can afford to lose is that, most people do not understand the volatility level of bitcoin whereby they would think after investing in bitcoin they will instantly get back what they invested within short period of time.
But unknowingly if their plan did not go accordingly on how it was planned then this phrase can fall in because we know too that the market isn't that straight forward because we can't tell what the next minute or hours could results making anyone who invested any amount to entirely lose their investment at this point this phrase is always suits in and is constantly used for people to have it at the back of their minds that whenever they are investing is good to use at least the money you can afford to lose remember all pocket aren't equal if $10 is too poor for you to lose then there are other people who can't even afford such amount of money within a week or month.
This will sound as a surprised to you, there are some shops in my village today they pays their workers 10,000 Naira per month and is less than 10$ do you think such person would take that risk to invest all his or her money into bitcoin and you expect this phrase shouldn't be mentioned to them.
Investing in Bitcoin doesn’t require just investing with any amount, if you are investing with just $10 which is a poor capital to invest in Bitcoin, you will lose your small $10 if the market goes in any slight deep you can get liquidated. You need a reasonable capital to invest in bitcoin, you can as well invest your $10 in any crypto Projects that are still cheap coin that are still looking promising you can invest in, like coins that are not yet up of $1 with good market cap.But unknowingly if their plan did not go accordingly on how it was planned then this phrase can fall in because we know too that the market isn't that straight forward because we can't tell what the next minute or hours could results making anyone who invested any amount to entirely lose their investment at this point this phrase is always suits in and is constantly used for people to have it at the back of their minds that whenever they are investing is good to use at least the money you can afford to lose remember all pocket aren't equal if $10 is too poor for you to lose then there are other people who can't even afford such amount of money within a week or month.
This will sound as a surprised to you, there are some shops in my village today they pays their workers 10,000 Naira per month and is less than 10$ do you think such person would take that risk to invest all his or her money into bitcoin and you expect this phrase shouldn't be mentioned to them.
If you need to invest in Bitcoin you need a good capital to step in and even when you invest still be wise while your investing, you don’t have to break the bank before you have to invest in bitcoins. That is why they keep saying you should invest in what you can lose so that you can have a back up plan when it’s goes wrong. Because of the risk involve in investing.
November 09, 2023, 03:54:39 PM
Despite the risk who have considered investing in Bitcoin is profitable they are the real bitcoin investors. Especially in this moment there is no fear of losing because Bitcoin is going to create milestones in the current situation. There are thousands of cryptos in the cryptocurrency space and occasionally we see bullish movement for some specific coins but most of them don't over come previous ATH. Investors should consider these factors before investing. His hard earned money should not be wasted in the name of investment.
Bitcoin is the only investment platform where an investor can be profitable for long term investment. Moreover, the current time is the most suitable for investment where the possibility of profiting from investment is very high. So in some cases it becomes necessary to do something contrary to the advice. As you said. So invest as much as you can and hold bitcoins.
If you look on the history of bitcoin, you will see it is the only crypto currency that has survived this long. While all the alternative coins have fallen or dusted out. For long term investment and survival, bitcoin is the right choice. Even a month age bitcoin was only 26-27k but now it crossed 36k. No other crypto has achieved that kind of gain. I have invested on many alt projects for only a short term profit. I know if I hold it for too long, there won't be anything to hold. As the only true coin, there is no doubt that, bitcoin is number one. What are the other projects you thought of investing? Bitcoin is the only investment platform where an investor can be profitable for long term investment. Moreover, the current time is the most suitable for investment where the possibility of profiting from investment is very high. So in some cases it becomes necessary to do something contrary to the advice. As you said. So invest as much as you can and hold bitcoins.
November 09, 2023, 03:41:14 PM
The phrase "invest what you can afford to lose" has long been the go to advice when it comes to Bitcoin investments. In the past, it seemed to be a norm, a safety net, but it's time to reconsider its relevance. Over the years, Bitcoin investment has undergone a significant transformation. What was once a realm fraught with doubts, fears of capital loss, and scam risks has evolved into a more stable and less volatile investment landscape.
While risks and scams still exist, Bitcoin itself has proven its worth, emerging as the premier cryptocurrency, demonstrating its dominance over others. The short-term fluctuations are there, but historical data consistently indicates growth over time.So, why should we continue to echo the sentiment of "invest what you can afford to lose" when referring to Bitcoin? I believe this phrase is more suited to gambling or trading, which we all know come with inherent risks.
For those looking to HODL Bitcoin for the long term, with no intentions of actively trading, the focus should shift. Instead of investing what you can afford to lose, consider investing what you have to invest. Unlike other traditional investments like real estate or the stock market, Bitcoin allows entry with even a small capital as low as $5 to $10, which isn't something I will even want to lose.such an investment should not fall under the category of what you can afford to lose.
Investing in Bitcoin means being part of one of the world's most revolutionary technologies. It's not just an investment in today but potentially one of the most valuable assets in the future. So, instead of wasting time and money on 'shitcoins', consider starting now it's not too late. The focus should be on investing what you are willing to HODL for the long run, rather than what you can afford to lose.
I would agree, if not for the fact that this phrase applies to everything, especially to the jits and newbies that would literally take a second mortgage on their houses, sell their car, or even take a dizzyingly-high loan from the bank so they can invest on bitcoin, and then ramble about it on social media when their investments tank. So you may think it has lost its relevance, but I say the motto still holds its weight in gold, especially in the face of people belligerent enough to literally dig themselves another grave while thinking of building a swimming pool. While risks and scams still exist, Bitcoin itself has proven its worth, emerging as the premier cryptocurrency, demonstrating its dominance over others. The short-term fluctuations are there, but historical data consistently indicates growth over time.So, why should we continue to echo the sentiment of "invest what you can afford to lose" when referring to Bitcoin? I believe this phrase is more suited to gambling or trading, which we all know come with inherent risks.
For those looking to HODL Bitcoin for the long term, with no intentions of actively trading, the focus should shift. Instead of investing what you can afford to lose, consider investing what you have to invest. Unlike other traditional investments like real estate or the stock market, Bitcoin allows entry with even a small capital as low as $5 to $10, which isn't something I will even want to lose.such an investment should not fall under the category of what you can afford to lose.
Investing in Bitcoin means being part of one of the world's most revolutionary technologies. It's not just an investment in today but potentially one of the most valuable assets in the future. So, instead of wasting time and money on 'shitcoins', consider starting now it's not too late. The focus should be on investing what you are willing to HODL for the long run, rather than what you can afford to lose.
Invest carefully and be smart, of course don't take out loans and only invest what you can afford to lose, more so if you're looking for immediate gains.
November 09, 2023, 03:31:19 PM
Because bitcoin still has high volatility, this word is increasingly attached to bitcoin which continues to fluctuate, if it is said to be safe then it must be even more stable with the volatile word it may refer more to early investors because it will not fully understand how bitcoin moves in the market for a long time the phrase "invest what you can afford to lose" is still quite popular today.
Someone who already understands this phrase maybe he will not consider bitcoin unsafe, it is even safer than other assets.
In bitcoin there is still a possibility that the price of $35K now and then falls to $10K it can happen so that word will be more appropriate especially a beginner who is still ambiguous.
Someone who already understands this phrase maybe he will not consider bitcoin unsafe, it is even safer than other assets.
In bitcoin there is still a possibility that the price of $35K now and then falls to $10K it can happen so that word will be more appropriate especially a beginner who is still ambiguous.
November 09, 2023, 03:06:08 PM
What I meant by the focus should shift was simply that when your main objective are to hodl for a long term, you shouldn't be the type that is scared of loosing their investment because over time, your investment will continue to accumulate.thuogh you might encounter some loss due to some dips and the market volatility, but you shouldn't focus more on little losses.
It is not included in a shift but you set an investment strategy when it starts, most people who implement long -term strategies are not too concerned with regard to the level of fluctuations in price because the trust has formed the decisions chosen. Unless you try to invest in the short term and may be adjusted to the strategy to generate profits beucause though market volatility can change quickly that cannot be predicted.So because of this, it is recommended to invest using money that is not used to meet needs or money that is ready to be lost without affecting anything, this is also one of the things that will minimize risk, for example reducing panic when prices drop drastically.
Some other things that are very important are investing with ability without having to force it, such as going into debt or putting all your savings into it, which is very risky.
When you invest in Bitcoin, make sure you're using money that isn't crucial to your life, and be careful not to lose it. Nobody wants to lose their investment, so it's important to be cautious.Some other things that are very important are investing with ability without having to force it, such as going into debt or putting all your savings into it, which is very risky.
November 09, 2023, 01:07:49 PM
This phrase is not only applicable to just 5$ to $10 because if you convert such amount of money to some country's currencies you would understand that such amount is worth saying invest what you can afford to lose. In fact the sole reason why people often say invest in what you can afford to lose is that, most people do not understand the volatility level of bitcoin whereby they would think after investing in bitcoin they will instantly get back what they invested within short period of time.
But unknowingly if their plan did not go accordingly on how it was planned then this phrase can fall in because we know too that the market isn't that straight forward because we can't tell what the next minute or hours could results making anyone who invested any amount to entirely lose their investment at this point this phrase is always suits in and is constantly used for people to have it at the back of their minds that whenever they are investing is good to use at least the money you can afford to lose remember all pocket aren't equal if $10 is too poor for you to lose then there are other people who can't even afford such amount of money within a week or month.
This will sound as a surprised to you, there are some shops in my village today they pays their workers 10,000 Naira per month and is less than 10$ do you think such person would take that risk to invest all his or her money into bitcoin and you expect this phrase shouldn't be mentioned to them.
But unknowingly if their plan did not go accordingly on how it was planned then this phrase can fall in because we know too that the market isn't that straight forward because we can't tell what the next minute or hours could results making anyone who invested any amount to entirely lose their investment at this point this phrase is always suits in and is constantly used for people to have it at the back of their minds that whenever they are investing is good to use at least the money you can afford to lose remember all pocket aren't equal if $10 is too poor for you to lose then there are other people who can't even afford such amount of money within a week or month.
This will sound as a surprised to you, there are some shops in my village today they pays their workers 10,000 Naira per month and is less than 10$ do you think such person would take that risk to invest all his or her money into bitcoin and you expect this phrase shouldn't be mentioned to them.
November 09, 2023, 09:58:38 AM
Despite the risk who have considered investing in Bitcoin is profitable they are the real bitcoin investors. Especially in this moment there is no fear of losing because Bitcoin is going to create milestones in the current situation. There are thousands of cryptos in the cryptocurrency space and occasionally we see bullish movement for some specific coins but most of them don't over come previous ATH. Investors should consider these factors before investing. His hard earned money should not be wasted in the name of investment.
Bitcoin is the only investment platform where an investor can be profitable for long term investment. Moreover, the current time is the most suitable for investment where the possibility of profiting from investment is very high. So in some cases it becomes necessary to do something contrary to the advice. As you said. So invest as much as you can and hold bitcoins.
I agree with you, those who already know about the advantages of investing in Bitcoin, of course they are aware of the risks involved in the investment they make and they are also aware of the profits they can get from investing in Bitcoin. Yes, you are right, we have to make our own choices in investing in Bitcoin, don't let other people influence us not to do it because we have the right to make our own investment choices and we can invest the amount we can afford and don't be greedy in doing so. Bitcoin is the only investment platform where an investor can be profitable for long term investment. Moreover, the current time is the most suitable for investment where the possibility of profiting from investment is very high. So in some cases it becomes necessary to do something contrary to the advice. As you said. So invest as much as you can and hold bitcoins.
November 09, 2023, 05:12:15 AM
Despite the risk who have considered investing in Bitcoin is profitable they are the real bitcoin investors. Especially in this moment there is no fear of losing because Bitcoin is going to create milestones in the current situation. There are thousands of cryptos in the cryptocurrency space and occasionally we see bullish movement for some specific coins but most of them don't over come previous ATH. Investors should consider these factors before investing. His hard earned money should not be wasted in the name of investment.
Bitcoin is the only investment platform where an investor can be profitable for long term investment. Moreover, the current time is the most suitable for investment where the possibility of profiting from investment is very high. So in some cases it becomes necessary to do something contrary to the advice. As you said. So invest as much as you can and hold bitcoins.
Bitcoin is the only investment platform where an investor can be profitable for long term investment. Moreover, the current time is the most suitable for investment where the possibility of profiting from investment is very high. So in some cases it becomes necessary to do something contrary to the advice. As you said. So invest as much as you can and hold bitcoins.
November 08, 2023, 06:17:56 PM
Even after reading this post, all I can advise everyone is to still invest what they can afford to lose!. Do not think that just because Bitcoin has done well over the years we should neglect risk management. I think of investment in a way that once I've put my money in there, I have lost it (just to keep myself from being too anxious and always checking). I have lost quite some amount of money in crypto, and for the times that it happened, I never felt shocked cause I always acknowledged that I could lose it all. So, investment as a whole is a risk and one should be risk-conscious when being a part of any investment (be it Bitcoin or not.)
I wouldn't say that you invite bitcoin as much as you can with the loss effort because no one loses 100% of their assets by inviting bitcoin. so I would say that if you have long term investment then invest in bitcoin otherwise don't have a bad experience with bitcoin by investing for short term. Bitcoin is not able to give much profit for short term but if you invest with Bitcoin for long time Bitcoin is able to give a lot of sure profit. Because even though the price of Bitcoin fluctuates constantly, Bitcoin recovers a lot after a long period of time and Bitcoin sometimes makes a new ATH that is several times higher than the previous ATH.I think you missed my point. Just because you can't lose 100% of your assets doesn't mean that you should neglect risk management and invest more. Investing what you can afford to lose is not also saying that you will lose the asset, it is saying that you should only put in an amount that you know you can manage it's loss if the investment were to go south. So, investment is definitely okay but not more than the amount you can bear the loss for.
November 08, 2023, 03:32:32 PM
It is really an important aspect of investment, you need to take care of what you are investing into and should be a lot more aware of it without a doubt. I understand that life is not all that simple most of the time, but that's something you should be careful about. I am not saying it is going to be all that easy and all that, but that doesn't mean that you are going to end up with all your money into bitcoin.
I personally believe that bitcoin will go up, like I truly believe that, I believe that next year around these same times we could be as high as double what it is today. Does that mean I am selling my house and putting all that money into bitcoin? Of course not, there is smart investment and there is stupid investment, that would be a stupid one.
I personally believe that bitcoin will go up, like I truly believe that, I believe that next year around these same times we could be as high as double what it is today. Does that mean I am selling my house and putting all that money into bitcoin? Of course not, there is smart investment and there is stupid investment, that would be a stupid one.
November 08, 2023, 11:54:07 AM
The holding strategy is to remain calm in every situation so that you can find gaps that can be used for your benefit. However, it is natural for an investor to feel panic if they see a sharp decline in the price of bitcoin. But with his experience and ability, he was able to overcome his panic and find the right time to buy at a low price.
Yep, beyond any doubt, the holding strategy is one of the most secure as well as professional ways to gain profit.Lol! Hodl means, in its full form, Hold On For Dear Life. But it is claimed to be perfect for us if we want to work calmly and thoughtfully in Hodl. Because, as I mentioned above, holding means to stay calm by taking the investment. Hodl in Bitcoin means to invest in Bitcoin and, by holding, when you get 10x or more profit, then sell out your assets and earn profit.
Your point is right, but it is based on the fact that a person feels fear when he sees a decrease in the return of his investment. It means he is afraid when the price of his invested assets decreases. But the reality is that if you have developed competence in the analytical hold of volatility, then no one can be a better investor than you because you have learned to do the work that is the goal of the destination.
November 08, 2023, 10:29:33 AM
While risks and scams still exist, Bitcoin itself has proven its worth, emerging as the premier cryptocurrency, demonstrating its dominance over others. The short-term fluctuations are there, but historical data consistently indicates growth over time.So, why should we continue to echo the sentiment of "invest what you can afford to lose" when referring to Bitcoin? I believe this phrase is more suited to gambling or trading, which we all know come with inherent risks.
If there is a guaranty then the saying "invest what you can afford to lose" is not applicable. But the question is, is there really a guaranty with investing Bitcoin?
Well, it depends on someone's perspective. Some people really believes that investing Bitcoin is a risk free, and other believes that it's still has risk. That's the one thing we should consider because we don't know their experiences in Bitcoin.
In my opinion, it's depend on the time you invested in Bitcoin. Some people immediately invest in Bitcoin without a knowledge and analysis. So if you're a good analyst, and you proved it many times then I will never against of what you believe because it's your perspective.
November 08, 2023, 10:29:15 AM
Having an optimistic mindset in investing is a great thing and we all expect that bitcoin will always grow and develop in the long run and will bring profits to all of us. But to put it bluntly, that's just our wish and we have no evidence to guarantee it will happen with 100% certainty. I mean, no matter how good and safe bitcoin is, there will still be risks, don't be too subjective with everything. The future of bitcoin is still unpredictable, still a question mark, no one can guarantee anything. Therefore, the phrase “invest what you can afford to lose” is never wrong with a risky asset like bitcoin.
Yes, of course we must have an optimistic mindset in investing in Bitcoin and if we choose to invest using Bitcoin then we must be able to understand it well so that we can use money that we will not use for other purposes so that it will not interfere with our investment do.I agree with you, no matter how good the security is, investing in Bitcoin certainly has high risks, so it is very important for us to understand it well so we can control ourselves in making investments and don't let us use loans to invest and of course that will be a problem. for ourselves, because of significant price movements, nothing can guarantee that we can make profits easily when investing.
November 08, 2023, 09:26:54 AM
In bitcoin investment a good investors does not invest what they can not afford to lose, I know quite well that any investment is a risk and you have to understand the advantages and disadvantages of investment, so therefore I believe that bitcoin investment maybe risk to the investor when the investor have not make a proper research of the investment, so therefore make a research and understand the output and input of bitcoin investment or any other investment before you can as well venture into the investment, investing what you can not afford to lose in cryptocurrency I think its very bad and you have to know that as investor so that a newbie will not use all it has to invest and if it lose it will be depressed till infinity.
Always consider money as an important thing and never neglect money. Just because you should invest the amount of money you can afford to lose doesn't mean you should invest your money anywhere without a second thought. First you need to know about investing, first you need to be sure if you are investing in a good coin and after that comes the issue of losing money. If you follow such words by investing in a reliable performer then you are doing the right thing. But if you invest in bitcoin and say that losing the amount of money will not affect my life badly, I have invested that amount in this coin, then it will be a stupid thing to say because investing in bitcoin is throwing away money. 
November 08, 2023, 03:27:37 AM
When I first started learning about bitcoin, and heard about the phrase " invest only what you can afford to loose" i became aware that bitcoin is a very risky asset to invest in. I even likened bitcoin to gambling, because i know that to have a right mindset to gamble means that you'd need to only bet the amounts of money that you can afford to lose, because of the major factor of gambling which is luck. Now that my knowledge of bitcoin has increased, i know that it has it's risks because of it's volatility, but it goes beyond luck to make profit in bitcoin. You have to understand how it's market supply and demand works, all other determinants of bull and bear runs, so with all this in mind, bitcoin should be an investment that guarantees profitability if the investors have accurate knowledge of the market dynamics.
We're expecting bitcoin halving by next year, after which ATH is expected to follow, and the energy is very high that it'll be a major bull run for investors to cash in heavily. I've even heard in this forum that people should get a second job to earn more in order to buy more bitcoin to hold in expectation of the coming bull run. So the question for me is if we should invest only what we can afford to loose, then what is the need for all the excitement about accumulating enough bitcoin to hold in anticipation of the coming bull run? For me it clearly shows that we're gradually passing the stage of that phrase, because so far as you actually have the correct knowledge of how the bitcoin market works, it's safe to invest more than what you can afford to lose.
We're expecting bitcoin halving by next year, after which ATH is expected to follow, and the energy is very high that it'll be a major bull run for investors to cash in heavily. I've even heard in this forum that people should get a second job to earn more in order to buy more bitcoin to hold in expectation of the coming bull run. So the question for me is if we should invest only what we can afford to loose, then what is the need for all the excitement about accumulating enough bitcoin to hold in anticipation of the coming bull run? For me it clearly shows that we're gradually passing the stage of that phrase, because so far as you actually have the correct knowledge of how the bitcoin market works, it's safe to invest more than what you can afford to lose.
November 08, 2023, 03:17:47 AM
Even after reading this post, all I can advise everyone is to still invest what they can afford to lose!. Do not think that just because Bitcoin has done well over the years we should neglect risk management. I think of investment in a way that once I've put my money in there, I have lost it (just to keep myself from being too anxious and always checking). I have lost quite some amount of money in crypto, and for the times that it happened, I never felt shocked cause I always acknowledged that I could lose it all. So, investment as a whole is a risk and one should be risk-conscious when being a part of any investment (be it Bitcoin or not.)
I wouldn't say that you invite bitcoin as much as you can with the loss effort because no one loses 100% of their assets by inviting bitcoin. so I would say that if you have long term investment then invest in bitcoin otherwise don't have a bad experience with bitcoin by investing for short term. Bitcoin is not able to give much profit for short term but if you invest with Bitcoin for long time Bitcoin is able to give a lot of sure profit. Because even though the price of Bitcoin fluctuates constantly, Bitcoin recovers a lot after a long period of time and Bitcoin sometimes makes a new ATH that is several times higher than the previous ATH.Having an optimistic mindset in investing is a great thing and we all expect that bitcoin will always grow and develop in the long run and will bring profits to all of us. But to put it bluntly, that's just our wish and we have no evidence to guarantee it will happen with 100% certainty. I mean, no matter how good and safe bitcoin is, there will still be risks, don't be too subjective with everything. The future of bitcoin is still unpredictable, still a question mark, no one can guarantee anything. Therefore, the phrase “invest what you can afford to lose” is never wrong with a risky asset like bitcoin.
November 08, 2023, 02:55:14 AM
Well, the phrase "invest what you can afford to lose" would actually be applicable to people who are just starting to invest and as well to people who are not that financially stable as they need money to provide their essential needs, so they are not that ready to risk the funds they have cause it would go to straight to their needs. As they gather more experience in the crypto industry, they would also adapt that investing is much better than saving your money in banks, especially the spare amounts of money. That's the time the phrase "invest what you have" cause for the long time Bitcoin has existed, it doesn't really disappoint as it gives people a source of money and also avoids inflation. Because investment really involves risk, if you don't overcome the thought of losing money, then for sure you would stay in the phase of the average investor in this industry. IF you want to play safe long-term investment would be the best option until it reaches your target selling price.
November 08, 2023, 02:50:09 AM
Even after reading this post, all I can advise everyone is to still invest what they can afford to lose!. Do not think that just because Bitcoin has done well over the years we should neglect risk management. I think of investment in a way that once I've put my money in there, I have lost it (just to keep myself from being too anxious and always checking). I have lost quite some amount of money in crypto, and for the times that it happened, I never felt shocked cause I always acknowledged that I could lose it all. So, investment as a whole is a risk and one should be risk-conscious when being a part of any investment (be it Bitcoin or not.)
I wouldn't say that you invite bitcoin as much as you can with the loss effort because no one loses 100% of their assets by inviting bitcoin. so I would say that if you have long term investment then invest in bitcoin otherwise don't have a bad experience with bitcoin by investing for short term. Bitcoin is not able to give much profit for short term but if you invest with Bitcoin for long time Bitcoin is able to give a lot of sure profit. Because even though the price of Bitcoin fluctuates constantly, Bitcoin recovers a lot after a long period of time and Bitcoin sometimes makes a new ATH that is several times higher than the previous ATH. 
November 08, 2023, 02:20:04 AM
The focus shifts like what do you mean and I can't understand the purpose of this one statement? Because the holding strategy that is needed is just calm and not panicking when market conditions experience a sharp decline.
What I meant by the focus should shift was simply that when your main objective are to hodl for a long term, you shouldn't be the type that is scared of loosing their investment because over time, your investment will continue to accumulate.thuogh you might encounter some loss due to some dips and the market volatility, but you shouldn't focus more on little losses.A bitcoin investor must be able to maintain his focus on surviving in the long term and not worry about price movements that occur in the market.
He also doesn't mind the volatility of the bitcoin price, which is constantly changing. He can use the volatility to his advantage so he can keep accumulating more bitcoins.
The holding strategy is to remain calm in every situation so that you can find gaps that can be used for your benefit. However, it is natural for an investor to feel panic if they see a sharp decline in the price of bitcoin. But with his experience and ability, he was able to overcome his panic and find the right time to buy at a low price.
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