I totally understand and acknowledge your words but perhaps they are very true and those are the exact things that ruined most investors life and even outside bitcoin or crypto a lot of people just follow what people around them says without making personal inference to find out whether the masses or the advices are good or not but they go ahead either because of the love of trust they have for those advisers.
On a personal level, one of my favourite advise my dad was "life isn't simple, it's hard and along your journey to success life will throw stones at you but don't you ever throw them back at life but rather pick them up and build a shield for yourself and build a beautiful home out of life. It's applicable to bitcoin journey, you have to face the bear markets, FUDs, SECs etc but have to over come and use them as your story at the end when you finally achieve success.
Topic: Allow Non-investors to discourage you in your Bitcoin journey...? (Read 220 times)
"Achieve" success. You probably need to be able to spell it properly before it comes to fruition 
Just messing with ya/giving you a hard time. That said..my father started teaching me about the stock market from very early on. Likely around 11-12 years old. His overall words of advice were to save a certain percentage of your money and to do things like cut coupons, pick up tails facing up pennies on the ground etc.
I have no doubt that if he were still around that he would have been a bitcoin supporter. I wish he was so that we could discuss it together.
Just messing with ya/giving you a hard time. That said..my father started teaching me about the stock market from very early on. Likely around 11-12 years old. His overall words of advice were to save a certain percentage of your money and to do things like cut coupons, pick up tails facing up pennies on the ground etc.I have no doubt that if he were still around that he would have been a bitcoin supporter. I wish he was so that we could discuss it together.
There's this advice my dad gave to me some years back. He called me and say, "my son, if you want to archive success in what ever you do in life, learn to take advice mostly from those that have archived success in the area you are seeking to be successfull. learn from the mistakes of those that tried and fail but don't allow them discouraged you. "
Some people wanted to invest in Bitcoin but took the advice of some one that have not invested into Bitcoin and the person convinced them not to invest.
Some people invested already and where holding their coins but a non investor adviced them to sell their coins and they sold off quickly and regret after the market boom when they have sold off.
Some people wanted to invest in Bitcoin but took the advice of some one that have not invested into Bitcoin and the person convinced them not to invest.
Some people invested already and where holding their coins but a non investor adviced them to sell their coins and they sold off quickly and regret after the market boom when they have sold off.
IMO, no one is going to ever tell you how to make money, they can say their experience but don't expect them to say what you need to do cause it's your fucking job to decide what you need to do get your success whether financial or in something particular.
Getting advice from others who are into this either successful or failed can give you insights about what are their mistakes and how can you dodge them if it helps but apart from that it is your destiny to find and don't expect to come at you in a gold platter.
"Nobody Cares, Work Harder"
It's actually funny because OP is asking us as if we already are taking advice from other people from outside the industry when it comes to bitcoin. I never did and still don't.
Back in the day when I first bought bitcoin I didn't really know what it was. Did not have extensive knowledge. I bought it after reading about it for a while, watching videos by people fascinated with it (no, not any pump and dumpers or traders) and kept holding for years. Each bull market filled me up with more and more confidence and so it went. With each bull market (and this is my third one) holding became easier.
Back in the day when I first bought bitcoin I didn't really know what it was. Did not have extensive knowledge. I bought it after reading about it for a while, watching videos by people fascinated with it (no, not any pump and dumpers or traders) and kept holding for years. Each bull market filled me up with more and more confidence and so it went. With each bull market (and this is my third one) holding became easier.
Exactly this is is not just any easy task one is embarking on when they want to invest into bitcoin, the thing about it is you need someone who have been in the business to actually guide you and not only that you need his constant advice most at times. This is part of why many investors you will later see selling either at a loss or too only. With someone who has encountered many market corrections will definitely be a source of inspiration for you when you encounter the challenges listed above, having had the experience at in the past you will able to get in depth experience and not just knowledge on how to deal with the stuffs like the bearish period.
It is not even just cryptocurrency or bitcoin situation but overall do not take advice from people who are not in the niche same as yours. People who are not into bitcoin will always dissuade you from investing in it because everyone Always sides with their believe and as such you don’t expect someone who might have been seeing bitcoin as scam as your advisor
Don't allow yourself to be discouraged by someone who is not on same race with you and someone who has never run the race you are about to take.
People who offer you discouraging advice to discourage you from investing most times are people who cannot invest themselves due to lack of the ability to stay committed or to make sacrifices for the future, or because of other reasons that they will never let you know about. The motive behind their bad advice is mostly out of jealousy and not love because if you love someone you never advise them wrongly or give them advise on something you know that you do not have full knowledge about.On your own side as an individual who has decided to invest, realize that not all financial advice that you receive are good and at the end of the day you need to make sure that you do your own research and know the facts, so that you do not easily take bad financial advice from someone who knows nothing about what they're saying or from someone giving you advice out of jealousy.
You are right
But we don't all have someone who is a senior in what we choose to learn, I started crypto investment on my own, there is no single soul out there that I could look up to, many around me advised me to stop wasting my time away, but today they are struggling to survive, now they start considering Bitcoin investment.
It is so true that you should stay away from those who are not into the same thing as you, because they lack the knowledge and all they have for you is discouragement, my Bitcoin successful do affect the way I think about others and their goals, today I will never advise someone to quit their dreams, even if we are not into the same thing, it doesn't mean they won't be successful in what they plan to achieve.
It is Better to surround yourself with people that believe in your dream but if none is available or all those around you don't encourage you, stay away from them and be strong at mind, go big on what you believe in, knowledge is powerful and only achievable with research, never stop acquiring the knowledge.
But we don't all have someone who is a senior in what we choose to learn, I started crypto investment on my own, there is no single soul out there that I could look up to, many around me advised me to stop wasting my time away, but today they are struggling to survive, now they start considering Bitcoin investment.
It is so true that you should stay away from those who are not into the same thing as you, because they lack the knowledge and all they have for you is discouragement, my Bitcoin successful do affect the way I think about others and their goals, today I will never advise someone to quit their dreams, even if we are not into the same thing, it doesn't mean they won't be successful in what they plan to achieve.
It is Better to surround yourself with people that believe in your dream but if none is available or all those around you don't encourage you, stay away from them and be strong at mind, go big on what you believe in, knowledge is powerful and only achievable with research, never stop acquiring the knowledge.
Hmm
It is absolutely right that the majority of newbies often face losing because when they hear about Bitcoin and profit, they become crazy. They think that Bitcoin is also like others investment assets like an easy investment. Therefore, they starts following the layman, and also takes advice from him, although even the person who's giving them advice does not have any proper experience, he just tells the people that Bitcoin is a good investment asset; just buy it and sell it to earn profit. While people does due to a lack of knowledge and experience, he himself loses his money and also makes other people lose. And later defame Bitcoin saying it is a scam.
So it means to say that before investing in Bitcoin, get knowledge yourself and at the same time get experience and then take a decision for yourself. And one more thing: always invest in those that you can afford to lose.
DYOR!
It is absolutely right that the majority of newbies often face losing because when they hear about Bitcoin and profit, they become crazy. They think that Bitcoin is also like others investment assets like an easy investment. Therefore, they starts following the layman, and also takes advice from him, although even the person who's giving them advice does not have any proper experience, he just tells the people that Bitcoin is a good investment asset; just buy it and sell it to earn profit. While people does due to a lack of knowledge and experience, he himself loses his money and also makes other people lose. And later defame Bitcoin saying it is a scam.
So it means to say that before investing in Bitcoin, get knowledge yourself and at the same time get experience and then take a decision for yourself. And one more thing: always invest in those that you can afford to lose.
DYOR!
It's actually funny because OP is asking us as if we already are taking advice from other people from outside the industry when it comes to bitcoin. I never did and still don't.
Back in the day when I first bought bitcoin I didn't really know what it was. Did not have extensive knowledge. I bought it after reading about it for a while, watching videos by people fascinated with it (no, not any pump and dumpers or traders) and kept holding for years. Each bull market filled me up with more and more confidence and so it went. With each bull market (and this is my third one) holding became easier.
Back in the day when I first bought bitcoin I didn't really know what it was. Did not have extensive knowledge. I bought it after reading about it for a while, watching videos by people fascinated with it (no, not any pump and dumpers or traders) and kept holding for years. Each bull market filled me up with more and more confidence and so it went. With each bull market (and this is my third one) holding became easier.
someone was trying to discourage him in his Bitcoin investment. probably someone who holds Gold and Silver. people are always comparing whether which one should be held in times of uncertainty. 2024 is a year of uncertainty. i think most of the people who are already holding BTC will keep holding it while people who are heavily into Gold will also be with gold. it doesn't matter these are all investments. the best part is that if you have no gold, it's also not yet late just as you can buy gold as you can also buy BTC.
It's actually funny because OP is asking us as if we already are taking advice from other people from outside the industry when it comes to bitcoin. I never did and still don't.
Back in the day when I first bought bitcoin I didn't really know what it was. Did not have extensive knowledge. I bought it after reading about it for a while, watching videos by people fascinated with it (no, not any pump and dumpers or traders) and kept holding for years. Each bull market filled me up with more and more confidence and so it went. With each bull market (and this is my third one) holding became easier.
Back in the day when I first bought bitcoin I didn't really know what it was. Did not have extensive knowledge. I bought it after reading about it for a while, watching videos by people fascinated with it (no, not any pump and dumpers or traders) and kept holding for years. Each bull market filled me up with more and more confidence and so it went. With each bull market (and this is my third one) holding became easier.
So, why will you take advice from a non-inevestor and become discouraged not to invest into Bitcoin too? The person you are taking advice from doesn't even have a decent knowledge about Bitcoin.
The only thing that should compare you with others in terms of Bitcoin investment should be knowledge and information, anything apart from that you should just avoid advice from anyone.Cryptocurrency is a journey that you will embark on with your knowledge and not others advice because no one will take responsibility when you lose money.
Learn and gain knowledge first so as not to rely or depend on other people’s advice while trying to invest; and make your you learn how to do your research.
It's simple: if you yourself have an interest in bitcoin, of course you will find a way to find out by conducting research, and when you see the concept and essence of bitcoin, you will see its potential and the reason why people are obsessed with it. Institutional investors are things that can also push you to invest in bitcoin that has real potential.
Now, if there are others who discourage you because you know what you really saw in Bitcoin and you don't, of course, believe what others say because you are the one who saw gold and not them, then you will believe what they say? It will come out that we are fools in the end.
Now, if there are others who discourage you because you know what you really saw in Bitcoin and you don't, of course, believe what others say because you are the one who saw gold and not them, then you will believe what they say? It will come out that we are fools in the end.
What is the best advice you got from your parents that have always been a tool of reference through your journey in life?.
, but all things being the same, I get your entire gist, it's a good advice you've shared by the way.But why would someone ask bitcoin investment advice from someone who has no knowledge of bitcoin? Isnt that awkward? Is like you being blind, and then you ask another blind man to lead you to cross a high way, how successful do you think would be?
People who want to invest in bitcoin can only consult those who are already into the system for advice on how to go about it, this way, they are sure of not making any silly mistakes.
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So, why will you take advice from a non-inevestor and become discouraged not to invest into Bitcoin too? The person you are taking advice from doesn't even have a decent knowledge about Bitcoin.
My answer at the moment would be, no I would never sell bitcoins adopted in my DCA method on the advice of non-investors. Maybe four years ago if someone had told me that the price of bitcoin is not future or that bitcoin is a scam, maybe I would have believed him at least and sold my invested bitcoins.But at present I know about Bitcoin what it is and what it is made for and how its future is going to be. So there is no question that I will sell my bitcoins as suggested by a non investor, rather I can call him reverse crazy fool public. Currently holding fiat currency is the biggest folly, because the value of fiat currency will decrease as day goes by due to inflation. On the other hand, if you follow the Bitcoin DCA method and continue to invest little by little, then in the long-term your profit will be much higher.
if you want to succeed in your crypto journey, learn from someone that is a real investor or someone that have a very professional knowledge about Bitcoin, draw your advice from a successful investor, learn from the mistake of those that fail and make more research so that you will not make the mistake they made.
This applies to life in general as well. You shouldn’t let other people judge you and your decisions in life because it is you who knows the most about your life. If someone lacks knowledge about a particular subject, do not take advise from them as they will just spew nonsense to you.Quote
What is the best advice you got from your parents that have always been a tool of reference through your journey in life?.
Probably it’s having to try no matter what the result may be.We often tend to give up even before the game actually starts because we are scared we might lose. But even with the possibility of losing, you should still fight the best that you can. When you are afraid you might lose then at least you know that something is still as stake and you value them a lot.
So, why will you take advice from a non-inevestor and become discouraged not to invest into Bitcoin too? The person you are taking advice from doesn't even have a decent knowledge about Bitcoin.
What is the best advice you got from your parents that have always been a tool of reference through your journey in life?.
Trust your own in the end of the day since its your money that would really be that make use to invest not theirs, but somehow it isnt really that bad on making yourself that listening someones advises but of course just like on what been said or mentioned that you would be specifically be listening out into those people who do have that proper knowledge or someone who is really that having the experience and skills.
It would really be just that common sense on whom you would be following but just like been said earlier that in the end of the day, you are the ones who would really be making such decision.
It would really be giving out that huge regret that you are really that following someones advises. So it would be best that you should really be following on your own instead.
Getting those advises from my parents is that, i should assure on having a business or investment rather than on focusing on acquiring or getting those wants that doesnt generate income or revenue.
One of the main things that do goes into my mind or had been instilled deep insider. Learning up from others experience isnt that bad to consider or to look out but just like been said earlier
that you are the ones who would be making out such final decisions.
What is the best advice you got from your parents that have always been a tool of reference through your journey in life?.
nothing related to investment. but i agree to not take advice from someone who hasn't done it before.
you have already decided to invest in Bitcoin, it shouldn't discourage you anymore even if they say it's going to go zero in the next bubble pop. the advice you are going to need is how to keep your BTC safe or how to trade as the next steps. don't stray from what you have been aiming for.
I think the only investors who takes advice from non-investors are either newbie, lazy or fool, I mean why would they even take it or believe it? they are the investor they should have done their research before investing so they know more than those non-investors.
They should know how to manage their own funds, decide for their self, if they would always rely on other people they would surely end up losing more rather than earning.
a good investor suppose have make sure that they make a proper research concerning Bitcoin before investing I know very well but cryptocurrency investment in something that is diabolic so a good investor that he has conduct a proper research I don't know why some people fail to make a research before then go into any investment for me it is bad as investor because you need to carry out many functions don't know the advantages and the disadvantages to know if the Investment we propagate or not so that is the necessity of someone who is investor to keep it eye open. They should know how to manage their own funds, decide for their self, if they would always rely on other people they would surely end up losing more rather than earning.
The general sentiment of relying on experience of successful individuals in a certain area and learning from their mistakes makes sense to me. The problem is, people can lie or at least overdramatize their success and failure stories, which can make learning from those experiences harder. Moreover, I don't think Bitcoin investment is something that requires that approach and expertise. Learning from mistakes of others is still relevant, but it can be done by following this forum, its relevant threads, or media articles about scams and hacks. As for investing, it's a decision one must make individually, regardless of being encouraged or discouraged.
Some people wanted to invest in Bitcoin but took the advice of some one that have not invested into Bitcoin and the person convinced them not to invest.
Unfortunately many people have low levels of self confidence and they simply follow what the majority of people do. If everybody does something, there is a high chance we are tempted do to the same because we think that if so many people are doing that thing, they must be right, they cannot be all wrong, can they? Actually, yes, they can. When I decided to invest in bitcoin I just did it because I felt it was one of things that could either go very well or very bad, but either way I didn't want to miss the chance to try.
That's probably the most backwards way that you can do when it comes to needing an advice in your bitcoin investment journey, it's like asking a farmer how to fish, you won't get the right answers or worse, you might be misinformed about certain stuff. It's really sad for someone to be discouraged by someone that doesn't know anything about bitcoin but I've heard one of such case back then, it was also stupid on that person's side so he's not free of the blame at all, he followed the advice of investing into this pyramid scheme instead of bitcoin and there was some prosperous days during those times but ultimately, he didn't get anything because it was a pyramid scheme, that person that stopped him from investing in bitcoin ended up running away with all the investment, it's a tragedy.
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