to me the most important thing is for the investor to identify whether to hold for long time or not, when he identify long to hold then it would be very much easier for for him, if look at the market situation now you understand that it could take longer time for the market to enter bull and even as that we still have to exercise patient till the bull trend finally show up since most of the newbie investor can not have more patient for the market increase above how they expected.
Sure, we must think about the goal first before buying Bitcoin. We determine how long to hold Bitcoin whether it is for a short term or a long term, depending on the market trend or the cycle. Identifying the market condition is a must when we make a plan/goal. Also, we must determine how much the profits to achieve. If it is not too high profit, it can be for a short term holding. But if we target to earn a huge profit, it should be a long term holding. Maybe to take 2 cycles, around 8 years. But most people will target to hold around 3-4 years (1 cycle).
Patience is another factor. Even we hold for a short term, patience is also needed. Make sure that we have good knowledge because it also has a big role to influence our mentality. If we understand how Bitcoin investment works, it won't be hard to be patient in waiting for the target. But if we have lack of knowledge, we can be easier to be affected by bad news or FUDs.
Staying positive is one very important thing every investor should have otherwise they could lose a life changing investment because they could get panicked and sold off their investment on a short duration while they could have hold for long term. Just as said always reading news concerning about that particular investment also another thing to be considered.
Bitcoin price goes through high volatility where many investors get frustrated and sell their assets. An investor feels an invisible pressure from the moment he invests. If the investment is short term then the pressure will be much higher. If an investor plans for the long term then he can be relatively safe. A large decrease of price in Bitcoin will not create a any pressure in it. Moreover, not everyone is experienced in investing. An investor can also lose due to inexperience. In case of such problems, if the investor makes a long-term plan, then he will be able to invest relatively risk-free.
In the bitcoin market there is always something that will Always Work , it is the hodl, it does not matter how much the price drops, it does not matter , what Matters is that the Price will go up , what we do not know is when it will go up, but what will happen will happen, so there is no Need to have any doubt about that, we must Always be people who will have Everything to win if we trust that bitcoin is the simplest currency for us to grab Money and have it there , or I will Always say that when bitcoin has some Corrections or falls , you have to buy what you can and if it Continues to fall , then You Should buy more, and Wait, or hodl, as long as Bitcoin exists it will always be something that can be done Safely.