Don't be intimidated | Bitcointalksearch.org

Assface16678

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Quote from: Bushdark on July 06, 2023, 05:54:07 PM

Quote from: Edcrypto91 on June 30, 2023, 04:20:20 PM

Dear newbies pls don't rush into making Bitcoin investments like selling a property very valuable to you just to impress on the forum or putting in your entire savings to purchasing Bitcoin I am not against making Bitcoin investments but
Before making Bitcoin investments always make sure the odds are safe for you like some members here will say "" make investments that will not affect you" in other words make investments with free money except you have more profiting ideas than hodling

I am sure this is what other investors here do

I am still surprised seeing some newbies coming here to impress us that they want to sell there property to invest in Bitcoin when they do not even understand what Bitcoin was all about. It is very ridiculous when someone would like to invest in Bitcoin with another person's fund when the themselves have not tried to invest in Bitcoin and see how the market works before they go tell another person to come and invest in Bitcoin because they want to appear as Bitcoin lover. Bitcoin is very volatile and we need to be very smart when making decisions or else we might become a victim of loses because we don't even understand the market.

Of course, just for exposure, we will never know if they are stating a fact about selling a property or if a friend is selling a property just to invest in bitcoin. We will notice that most of the accounts are newbies, so it could be a way for them to attract attention to boost their account. We know how the forum works, so you know what I'm saying, yet we entertain the topic because it is what it is. The concept of selling property just to invest in bitcoin is a big no, especially if you know yourself and don't know anything about bitcoin. Don't be carried away by the hype. Investing in bitcoin will be rewarding but will never be easy. Because if an investor who has the capital from the sold property goes wrong, there's no turning back, and there will be a big regret for that person.

Wakate

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Quote from: Edcrypto91 on June 30, 2023, 04:20:20 PM

Dear newbies pls don't rush into making Bitcoin investments like selling a property very valuable to you just to impress on the forum or putting in your entire savings to purchasing Bitcoin I am not against making Bitcoin investments but
Before making Bitcoin investments always make sure the odds are safe for you like some members here will say "" make investments that will not affect you" in other words make investments with free money except you have more profiting ideas than hodling

I am sure this is what other investors here do

Anybody that is here impress anyone is doing that at there own risk. We shouldn't be here to impress anyone by buying Bitcoin with our hard earned money and showing it to the forum to impress people. This would be a wrong move because even the big whales and large holders of Bitcoin are not here to impress anyone or show to people that they have enough Bitcoin in their portfolio.

We need to be secretive about our holdings and we should not let anyone to know how much the Bitcoin in our portfolio actually worth. Since cryptocurrency can be hacked and compromised if people around us or friends have access to our phrases, it is good for us to stay safe by keeping our investments to ourselves.

Myleschetty

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Quote from: asrinur on November 30, 2023, 11:17:02 AM

Correct. It is really necessary so that you don't rush into investing in bitcoin, especially for beginners. Before making an investment, you should carefully consider the potential risks and possible financial impact. If possible, use funds that won't have a negative impact if lost and consider other investment ideas that may be more profitable.

Although the major advice is to never rush into invest in Bitcoin but with the recent verge where BTC is heading due to the Bitcoin spot ETF filed by the giant investment company, the SEC claiming they are not stopping its approval and some housing cleaning done by the US SEC ^{(by going after the major market player in other for the giant investment companies like BlackRock, Fidelity to be the major player)} buying BTC with valuable item is never a good decision if it's something you can afford.

asrinur

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Correct. It is really necessary so that you don't rush into investing in bitcoin, especially for beginners. Before making an investment, you should carefully consider the potential risks and possible financial impact. If possible, use funds that won't have a negative impact if lost and consider other investment ideas that may be more profitable.

Blitzboy

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Quote from: umbara ardian on July 09, 2023, 01:34:07 PM

Quote from: Edcrypto91 on June 30, 2023, 04:20:20 PM

Dear newbies pls don't rush into making Bitcoin investments like selling a property very valuable to you just to impress on the forum or putting in your entire savings to purchasing Bitcoin I am not against making Bitcoin investments but
Before making Bitcoin investments always make sure the odds are safe for you like some members here will say "" make investments that will not affect you" in other words make investments with free money except you have more profiting ideas than hodling

I am sure this is what other investors here do

Not exactly for everyone. You can see that the biggest advantage of the rich is that they can make more mistakes than ordinary people; no matter what they do wrong, they can still use money to make up for it in time. Unlike normal people, if you just make a little mistake, where will next month's rent come from when all the money has been invested?

Therefore, future risks cannot be foreseen. Although the probability of it happening is only 1%, when it happens, it will destroy your life 100%. If your resistance is strong enough, you can overcome that storm, and if not, the consequences will be like the mess after the cataclysm.

Indeed, the wealthy do have a safety net, dont they? They pay for their mistakes. Basic. What about the typical Joe? If you make a mistake, your finances could be in jeopardy. Everything in life - rent, bills, and necessities - hangs dangerously. What if we think of this as a gambling game played strategically? Yes, life may be unpredictable. Therefore, rather of being alarmed by the 1% chance of catastrophe, why not take a chance?

The bottom line is to educate oneself. Not only the wealthy should be financially literate. Setting up a budget, saving money, and even investing occasionally are all necessary. And keep in mind that even a tiny wager can result in significant gains when it comes to risks. Thus, be cautious, learn from your mistakes, and maintain interest in the game. I mean, isnt life the biggest gamble of all? I mean, why not make it entertaining?

umbara ardian

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Quote from: Edcrypto91 on June 30, 2023, 04:20:20 PM

Dear newbies pls don't rush into making Bitcoin investments like selling a property very valuable to you just to impress on the forum or putting in your entire savings to purchasing Bitcoin I am not against making Bitcoin investments but
Before making Bitcoin investments always make sure the odds are safe for you like some members here will say "" make investments that will not affect you" in other words make investments with free money except you have more profiting ideas than hodling

I am sure this is what other investors here do

Not exactly for everyone. You can see that the biggest advantage of the rich is that they can make more mistakes than ordinary people; no matter what they do wrong, they can still use money to make up for it in time. Unlike normal people, if you just make a little mistake, where will next month's rent come from when all the money has been invested?

Therefore, future risks cannot be foreseen. Although the probability of it happening is only 1%, when it happens, it will destroy your life 100%. If your resistance is strong enough, you can overcome that storm, and if not, the consequences will be like the mess after the cataclysm.

Dr.Bitcoin_Strange

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Quote from: Bushdark on July 06, 2023, 05:54:07 PM

I am still surprised seeing some newbies coming here to impress us that they want to sell there property to invest in Bitcoin when they do not even understand what Bitcoin was all about. It is very ridiculous when someone would like to invest in Bitcoin with another person's fund when the themselves have not tried to invest in Bitcoin and see how the market works before they go tell another person to come and invest in Bitcoin because they want to appear as Bitcoin lover. Bitcoin is very volatile and we need to be very smart when making decisions or else we might become a victim of loses because we don't even understand the market.

Yeah, do you think it's something that will stop? Well, whether you believe it or not, most of those stories are just some cooked-up falsity spiced up for the sake of earning merit. Some of them are not even real stories for the sake of creating a form of impression on the forum; it's just some plot to lure the forum into believing in their lies. Although some users told the truth that they sold some stuff to invest in Bitcoin, it's not really a bad thing to do, depending on how knowledgeable you are about the actions or decisions you have taken. I remember the case of one dude here who said he offered to sell his wife's jewellery to invest in Bitcoin, while another person sold some of his land to invest too. Whoever is being convinced in those stories should be very careful not to make mistakes; they will hurt them so badly.

Cheers 🥂, Dr.Bitcoin_Strange 👺👺

so98nn

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This is a good gesture because I loved it when he said don’t do it just to impress others. Now that’s something we should always be looking after when it comes to investing real hard money. The point A is your money is yours and it is hard earned so don’t invest or give it away without a second thought. The point B is always keep the Point A in loop no matter what.

This trend of I own this much bitcoin and that much bitcoin has really gone up. This also compromise the integrity of bitcoin possession as it exposes us with our holdings. I think it’s best we keep it secrete, not disclose anything at all.

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Quote from: ancafe on July 06, 2023, 03:56:59 AM

Quote from: The Cryptovator on July 01, 2023, 05:25:55 PM

It is crucial to educate yourself about Bitcoin before investing in it; otherwise, you may experience regret later on. Many beginners believe that they can quickly make money from Bitcoin and hastily jump into it. However, when the price begins to drop, they become distressed and sell at a loss. It is important not to invest in Bitcoin with funds you cannot afford to lose.

I agree with you that educate yourself about investing is much better than forcing yourself to get involved in investing without bringing any knowledge in it. Beginners are too quickly satisfied with some of the news they hear outside, so they try to get involved in investing even though they do not have basic knowledge, but in the end they have to give up when market conditions experience a sharp decline.

Not having any basic understanding and getting in would definitely something scary and people who do that are making a huge mistake without realizing it. It is not going to be that easy to make a change anytime soon but you have to realize that bitcoin is a tough world to crack into if you are not careful.

Sure you could do the simplest thing and buy bitcoin and hold it and you would be making profit but that doesn't mean that trading would be a simple thing, but trading is a hard thing and you would not be able to make a profit in the end. I believe that we should be careful about what we are doing while trading and you would be able to make a profit only based on how good you are while you are trading so you should be a veteran at it and learn more about it.

ChiBitCTy

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I certainly agree with your overall sentiment here. As I've stated about 10 billion times here, I'm a financial advisor by trade, and this is the type of topic that comes up quite often. One should always have traditional investments stored up and on track for retirement. This could be a mix of things like stocks, bonds, etc. Diversification is key, as well as taking risk, where appropriate. I always talk about those "home run" bets. These are bets ( or investments ) that you make with money that you're okay with losing, or taking a big hit on, knowing that they could be home run investments, and so if you win great, but if not, you knew you were trying to hit a home run and just swung and struck out. Make trades when it makes sense!

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Quote from: Edcrypto91 on June 30, 2023, 04:20:20 PM

Dear newbies pls don't rush into making Bitcoin investments like selling a property very valuable to you just to impress on the forum or putting in your entire savings to purchasing Bitcoin I am not against making Bitcoin investments but
Before making Bitcoin investments always make sure the odds are safe for you like some members here will say "" make investments that will not affect you" in other words make investments with free money except you have more profiting ideas than hodling

I am sure this is what other investors here do

you are too innocent, do you believe 100% of those who make posts here, who say that they have sold their valuable properties for bitcoins without including concrete evidence lol.

but it's important to always remember that sometimes in life you just have to be sure of one thing, if only we went back 10 years ago when the price of bitcoin was still cheap, surely people wouldn't have the courage to sell their house to buy bitcoin, what would that be? what I want to say is, let them do that (sell assets or otherwise) to invest in bitcoin because maybe in the future, they will laugh happily because the value of bitcoin exceeds $ 100k (who knows).

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Quote from: Bushdark on July 06, 2023, 05:54:07 PM

Quote from: Edcrypto91 on June 30, 2023, 04:20:20 PM

Dear newbies pls don't rush into making Bitcoin investments like selling a property very valuable to you just to impress on the forum or putting in your entire savings to purchasing Bitcoin I am not against making Bitcoin investments but
Before making Bitcoin investments always make sure the odds are safe for you like some members here will say "" make investments that will not affect you" in other words make investments with free money except you have more profiting ideas than hodling

I am sure this is what other investors here do

I am still surprised seeing some newbies coming here to impress us that they want to sell there property to invest in Bitcoin when they do not even understand what Bitcoin was all about. It is very ridiculous when someone would like to invest in Bitcoin with another person's fund when the themselves have not tried to invest in Bitcoin and see how the market works before they go tell another person to come and invest in Bitcoin because they want to appear as Bitcoin lover. Bitcoin is very volatile and we need to be very smart when making decisions or else we might become a victim of loses because we don't even understand the market.

Being newbie in this forum does not mean they are new to the Bitcoin industry. It is possible that they just got the motivation to register in the forum even though they already know the forum for several year. I am also have that kind of attitude where I just browse the forum without registering into it unless I feel like I have the need to register.

So it is possible that the person who sold his property had known Bitcoin for year and due to his belief in Bitcoin market, he is ready to sell his property to invest in Bitcoin because he believe that it will give him more profit. Just like in one of the threads here, if I am not mistaken he sold his house and bought BTC at around $16k or $17k and looking at the price now, his investment is almost doubled, so would you say that he is wrong about his decision of selling his property? He can rebuy that house while having large amount of extra if he sold his Bitcoin now.

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Quote from: Edcrypto91 on June 30, 2023, 04:20:20 PM

Dear newbies pls don't rush into making Bitcoin investments like selling a property very valuable to you just to impress on the forum or putting in your entire savings to purchasing Bitcoin I am not against making Bitcoin investments but
Before making Bitcoin investments always make sure the odds are safe for you like some members here will say "" make investments that will not affect you" in other words make investments with free money except you have more profiting ideas than hodling

I am sure this is what other investors here do

I am still surprised seeing some newbies coming here to impress us that they want to sell there property to invest in Bitcoin when they do not even understand what Bitcoin was all about. It is very ridiculous when someone would like to invest in Bitcoin with another person's fund when the themselves have not tried to invest in Bitcoin and see how the market works before they go tell another person to come and invest in Bitcoin because they want to appear as Bitcoin lover. Bitcoin is very volatile and we need to be very smart when making decisions or else we might become a victim of loses because we don't even understand the market.

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Quote from: blackened515 on July 06, 2023, 04:30:33 PM

Quote from: Edcrypto91 on June 30, 2023, 04:20:20 PM

-snip-

It's a simple strategy, wait for bitcoin to dip, buy and wait for the bull season to come, then triggered sell option, is as simple as that?

Of course - it's very simple, but are you sure that it will be easy for practice an unexperienced user?
Strategy is easy to say - but not so easy to put into practice. Even seasoned investors still have to do their analysis to find the best time when they want to make an entry, so how is the strategy going to be as easy as you'd expect an inexperienced user to make?

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Quote from: Edcrypto91 on June 30, 2023, 04:20:20 PM

Dear newbies pls don't rush into making Bitcoin investments like selling a property very valuable to you just to impress on the forum or putting in your entire savings to purchasing Bitcoin I am not against making Bitcoin investments but
Before making Bitcoin investments always make sure the odds are safe for you like some members here will say "" make investments that will not affect you" in other words make investments with free money except you have more profiting ideas than hodling

I am sure this is what other investors here do

For the records, you are impressing no one if you decide to put all your entire life savings on Bitcoin investment. If it turns out good, it will benefit you and you alone,.so why even try to impress anyone.

BTW, when making investment in BTC ensure that it's something that will not give you a HBP when it goes south.

blackened515

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Quote from: Edcrypto91 on June 30, 2023, 04:20:20 PM

Dear newbies pls don't rush into making Bitcoin investments like selling a property very valuable to you just to impress on the forum or putting in your entire savings to purchasing Bitcoin I am not against making Bitcoin investments but
Before making Bitcoin investments always make sure the odds are safe for you like some members here will say "" make investments that will not affect you" in other words make investments with free money except you have more profiting ideas than hodling

I am sure this is what other investors here do

It's a simple strategy, wait for bitcoin to dip, buy and wait for the bull season to come, then triggered sell option, is as simple as that?
Money ought to be utilized in more important functions, I'm not in a hurry to invest in bitcoin, I take my time to spot out good beneficial e tries and hits the market with almost everything I could place my hands on, because I'm confident on a single trade. Selling valuables for the purpose to invest in bitcoin is completely out of the plan, I would urged my colleagues that are desperate to invest in bitcoin should take time and map out good time, specifically when they noticed good entries in the market, it might be other projects.

Silberman

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Quote from: Edcrypto91 on June 30, 2023, 04:20:20 PM

Dear newbies pls don't rush into making Bitcoin investments like selling a property very valuable to you just to impress on the forum or putting in your entire savings to purchasing Bitcoin I am not against making Bitcoin investments but
Before making Bitcoin investments always make sure the odds are safe for you like some members here will say "" make investments that will not affect you" in other words make investments with free money except you have more profiting ideas than hodling

I am sure this is what other investors here do

If someone out there is actually taking life changing decisions like that just to try to impress some people they do not know on a public forum then they have a lot of undisclosed and untreated issues, any investment decision needs to be taken objectively, we must invest in an asset once we have decided after a lengthy and profound analysis that this is the best move we can make at the moment, any other factor should be secondary or not count at all.

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The most significant thing to do as a beginner in Bitcoin is to acquire knowledge of how it functions and how reliable the system is, don't be in a haste to invest, be yourself, no time is late, whenever you invest in it, is your own time, don't sell anything you see as a valuable asset for you to invest, but if you deem it necessary to do so that's your detriment, my advice for you is that you should invest with the money you won't be needing in the next 5years, don't be carried away with the information you get, just make more research to know when is the time to invest.

Knowledge is the foundation of the Bitcoin journey, so avail yourself to all the opportunities that comes in your way when seeking this knowledge, but most importantly follow your instinct.

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Quote from: Edcrypto91 on June 30, 2023, 04:20:20 PM

Dear newbies pls don't rush into making Bitcoin investments like selling a property very valuable to you just to impress on the forum or putting in your entire savings to purchasing Bitcoin I am not against making Bitcoin investments but
Before making Bitcoin investments always make sure the odds are safe for you like some members here will say "" make investments that will not affect you" in other words make investments with free money except you have more profiting ideas than hodling

I am sure this is what other investors here do

Yes that is really good advice for new investors wanting to invest in Bitcoin. I just think for how many new investors sold his house when price of Bitcoin was twice what the price is now. They are in alot of trouble for doing this.
There was people saying to be homeless and buy Bitcoin. Not a good idea ever to do. And not a good idea to invest your life savings or more then you are able to lose.

ancafe

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Quote from: The Cryptovator on July 01, 2023, 05:25:55 PM

It is crucial to educate yourself about Bitcoin before investing in it; otherwise, you may experience regret later on. Many beginners believe that they can quickly make money from Bitcoin and hastily jump into it. However, when the price begins to drop, they become distressed and sell at a loss. It is important not to invest in Bitcoin with funds you cannot afford to lose.

I agree with you that educate yourself about investing is much better than forcing yourself to get involved in investing without bringing any knowledge in it. Beginners are too quickly satisfied with some of the news they hear outside, so they try to get involved in investing even though they do not have basic knowledge, but in the end they have to give up when market conditions experience a sharp decline.

Quote from: The Cryptovator on July 01, 2023, 05:25:55 PM

The future price of Bitcoin is uncertain, and it could either fall or rise. You must be able to handle the risks associated with it, so avoid investing your life savings or jeopardizing your financial stability. Instead, focus on gradually growing your portfolio.

That's how volatile the price is and bitcoin cannot be predicted with accuracy because it could go up or down under certain conditions. Investing all savings in bitcoin can disrupt financial stability because when a sharp decline occurs for a long time, it will affect financial conditions and make us sell the bitcoins we have at the wrong time.

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