The best investment strategy is to buy when the price is cheap, then hold hold to get a high price, in this case then our patience is much tested, do not ever panic because it will make us immediately sell bitcoin.
Agree. When investing into cryptocurrencies, the simplest thing to do would be to buy and hold them for the long term. As such, Bitcoin would be the ideal choice towards multiplying your capital by then. Every time there is positive news regarding Bitcoin, the price goes up, but when it is all the contrary, prices decline. If you manage to take advantage of the situation, you will be able to make profit and have a successful investment.
However, the biggest mistake would be to panic sell when prices decline. The reason for this would be that you'll lose the opportunity to make money when price return to their original levels. This is the usual behavior of Bitcoin as it is a very volatile cryptocurrency. But, if you devise strategies that would allow you to make profit with this situation, you'll be able to achieve peace of mind over your financial life in the future.
Nevertheless, always follow the charts when investing into Bitcoin or any other cryptocurrency, as well as make a research before making your decision in multiplying your capital over the long term. Just my opinion