Topic: Don't be intimidated - page 4. (Read 1005 times)
About the basics like, master the knowledge of Bitcoin and the cryptocurrency market. Learn about risks and price charts to assess whether this investment is right for your financial situation and goals. Invest an amount you can lose without affecting your daily life. Do not invest your entire savings in Bitcoin. You should also consider seeking advice from people who have had extensive exposure to the field. Remember, the cryptocurrency market is highly volatile, so it is important to stay informed and act at the right time.
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
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 is not recommended to invest at the expense of valuable assets in everyone's life, because investing will always be comfortable with money that is not linked to life. So that everyone can do it quite comfortably without having to become poor or hungry because of making an investment, because a wise investor always invests wisely and with full consideration in his life so that he does not experience certain difficulties and obstacles in his life.
I also agree with the advice you said because everyone will always be more satisfied when investing with free money and also be patient in the long term when investing with money that is not used for anything else and I think that kind of advice is not only applies to newbies only, but for everyone who wants to invest wisely it is also highly recommended. Because that's much better than having to sacrifice something to make an investment, except for someone who is already really rich in his life.
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
Money is not for free, it's something we all work for to acquire and this makes every investments risky for every investors, so there is always an impact to the investor when they invest their money, there is no safest way to invest with money because nothing is for free, you can only limit your chances of getting rekt if this doesn't work in your favor.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
That's why the best warning ever shared on here is to ever invest more than you can afford to lose, even if you lose 1$ it came from your sweat but 1$ can easily be overlooked because the money is very small, this is the perfect way to treat every investments, do not over invest your money.
Buying cryptocurrency exposes you to a volatile asset class. A good rule of thumb is to dedicate only a small portion of a diversified portfolio to risky investments like Bitcoin. Whether or not Bitcoin is a good investment for you depends on your individual circumstances. However, with price fluctuations, it is really difficult for new investors. Although the value of Bitcoin has increased dramatically over the years, buyers' backgrounds vary widely depending on the timing of their investment. For example, those who bought in 2017 when Bitcoin was racing towards that 20,000 level had to wait until December 2020 to recover their losses. More recently, the price of Bitcoin starting in 2022 is a little over $47,000 per coin. After a rough year for cryptocurrencies in general, Bitcoin has dropped to its current price of just under $17,000.
Dear newbies pls don't rush into making Bitcoin investments like selling a property very valuable to you just to impress on the forum
Do people actually make investments in order to impress the forum? I have thought about this and no wonder some people keep posting about their bitcoin achievements in the forum whether significant or not.Does it really mean people are indirectly intimidated by what is happening here. Please no one should be intimidated by what is happening in the forum.
Investment is what happens due to a well researched decision and not because of what others are doing.
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
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 would pick the real state over Bitcoin, Im investing in Bitcoin to buy real estate, and I'm not going to sell for example my house to buy Bitcoin I mean yes Bitcoin could make you a millionaire but it was just too risky of an investment, buying real estate is just way safer investment that could generate income. Probably most of the members will tell you to only invest the money that you could afford to lose and it's true because of the volatile market price cryptocurrency is probably one of the riskiest investments where you could put your money to.
There was probably no shortcut to it, the safest way is to find a stable income like for example a job, invest in your knowledge and skills in order to land a high-paying job, and with that, you have a stable income where you could put the small percentage of it on bitcoin. Also, don't let your emotion get to you, if your investment drops a certain percentage and you get FUD and sold it you're going to lose money for sure. But in my experience, you're not going to lose unless you sell your holdings.
Thing is whenever they see people earning already a lot in this industry, they would put all in without even investing first on themselves with knowledge. Studying such complicated thing especially if you don't have any background a day wouldn't be sufficient. Some people took years before entering in this market as they've studied a lot even the techniques and must do. Being spoon fed by information and easy money is most of the common thing a newbie have especially if they are not determined enough. Since if you take some losses bad, then it's up to you much better to take it as an experience to avoid in the future.
For beginners of course, they have enthusiasm in getting profits in investing in bitcoin, but we must know selling our assets such as property, of course, this will be a very big risk, because investing in bitcoin we must have patience and not feel panic when the market is down, and for beginners this problem they must face first before investing in large amounts, Because selling Bitcoin when experiencing a loss is a very big mistake, because some investors still feel panic when Bitcoin price decreases, so selling property and buying Bitcoin you must have a big consideration.
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.
It is because of the stories they heard that's why newbies think selling their property to invest in Bitcoin is a good advice. They only hear about the few individuals that made it when they did so but forget that there are many others that didn't make it instead they had debits and couldn't afford to live the normally life they were leaving before, some individual committed suicide because they lost everything when the market crash as they sold.
If you want to invest in Bitcoin and be successful, don't rush instead take it slowly. You can buy as many thing's as your money can afford. You don't have to invest in Bitcoin one time with a big amount, you can invest slowly through DCA which is to but through dollars cost average.
Very appropriate as you said because investing in bitcoin is a very big risk and we do not know when the benefits we will get even though some people have predicted that the value of bitcoin will increase in the next year, selling real assets to invest in bitcoin certainly must have great consideration lest we get caught in the market when the decline occurs and we do not have assets to meet daily needs, So first learn about the performance of Bitcoin in detail so as not to feel disadvantaged by time, because the glory of Bitcoin investors today they have gone through difficult times to survive until now.
if I want to sell my real assets to invest in Bitcoin, maybe now is not the right moment. waiting for a bull may be too speculative. but I will buy only when the bears come in ferociously and that is the right time to buy.people who really believe in Bitcoin, might do something very speculative like sell assets to buy Bitcoin when the price decline occurs. it is done when there is no more capital to buy Bitcoin which is being heavily discounted. Even though the risk is too big, people who already believe and have enjoyed how sweet the benefits of investing in Bitcoin will definitely not leave the opportunity to buy Bitcoin at a discount. but still do it with our own thoughts.
Very appropriate as you said because investing in bitcoin is a very big risk and we do not know when the benefits we will get even though some people have predicted that the value of bitcoin will increase in the next year, selling real assets to invest in bitcoin certainly must have great consideration lest we get caught in the market when the decline occurs and we do not have assets to meet daily needs, So first learn about the performance of Bitcoin in detail so as not to feel disadvantaged by time, because the glory of Bitcoin investors today they have gone through difficult times to survive until now.
Besides maybe 1 or 2 people globally. Nobody is selling their personal place of residence to buy Bitcoin. I only heard of 2 people that did that in bitcoins history of the last decade.
Both times they sold their home and bought Bitcoin during a bull market. They ended up facing 80% drawdown but if they held they obviously are in profit. One was a single guy and the other was a family that was going to live in an RV temporarily.
However most people don’t do that. Maybe they borrow some money on credit to buy crypto but nobody actually sells their house for Bitcoin.
Both times they sold their home and bought Bitcoin during a bull market. They ended up facing 80% drawdown but if they held they obviously are in profit. One was a single guy and the other was a family that was going to live in an RV temporarily.
However most people don’t do that. Maybe they borrow some money on credit to buy crypto but nobody actually sells their house for Bitcoin.
The case of selling homes to invest in bitcoin is rare, but people who have sold their tangible assets to invest in bitcoin are numerous. A long time ago at the forum, I remember a guy selling all his wife's jewelry to invest in bitcoin or someone advised to sell some real estate to invest in bitcoin or borrow money to invest...Honestly, all of this should not be recommended as it's not all money that we can lose. Investing by selling assets or borrowing is no different than we are gambling and looking for our fortune. Bitcoin is really worth investing in, but let's not forget its volatility and risk that can cost us dearly if we are subjective.
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
Although it's real that people would do anything to invest on Bitcoin including selling their properties just for hoping to get the return from unpredictable asset. But if we are talking about this forum, then the truth about those is questionable because most of the threads were made by newbies, maybe just for attention I don't know.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 always a bad idea to not use your spare money and affordable money to invest and use things like properties just for the investment, most of the people here if you don't want to waste your precious money then just invest with the small amount of money that you can afford to lose to prevent this, that's always be a rule of thumb of making an investment. I am sure this is what other investors here do
Did you even know those users who had show their Bitcoin investment in this forum are made up stories?
They're show it because they can earn easy merit from other users, but they're not have any reason to invite people to invest in Bitcoin. So if you read such thread, it's not real and you just need to avoid to read further when it's about Bitcoin investment or things he bought from Bitcoin investment.
They're show it because they can earn easy merit from other users, but they're not have any reason to invite people to invest in Bitcoin. So if you read such thread, it's not real and you just need to avoid to read further when it's about Bitcoin investment or things he bought from Bitcoin investment.
Everyone wants to have a better life than what's going on around, there are many different opportunities in life and investing with crypto market is also an opportunity for us to become better rich. But it's clearly not for everyone, anyone who understands it, has experienced losses and persevered on the journey to success will receive a well-deserved reward, my investment view is very simple not only about money, but also have to invest a lot in knowledge and health, so that everything is comfortable on the journey to achieve the set goals.
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
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, and your warning is correct dude, because I also read that there are others who said that his house was sold and what was sold was bought with Bitcoin, even though he did not know the depth of Bitcoin.
But even so, we still need to be careful with every step and decision we make. Especially if the house and lot is your last resource. We should also have fully understood what Bitcoin is, not that we just did it because we were just carried away by being too hyped about Bitcoin, although Bitcoin is really okay in the long-term in terms of investment.
It is true that there is never a rush to invest. Because work that is done in haste is never good. Those who have adequate understanding of the market will never be in a hurry to invest. But the opportunities that come with investing should not be missed. That is, you understand that if you invest in this period, you can earn several times the profit, the moment we should invest in that period. But selling your property in a hurry and taking a loan from the bank should never be done.
The op is right that it's best to invest what one can afford to lose. If someone just has some property that sits there without any use and for some reason can't be made profit of via renting or something like that, selling it and investing into Bitcoin is an okay idea. But if that property can become very useful or is already a source of passive income (via renting), then perhaps it's the profits that should be invested, not the money from selling the property. The op says 'free money', but I don't think it should only be money someone got as a gift or something. It can be earned money, as long as it's not required for other things.
Actually, it depends.
People borrow to start up businesses. A business can be seen as a form of investment.
There are crypto traders who have people invest with them. They collect money from people, trade the money, and give the investors their share of the profit. A Very risky business, I don't advise it.
Personally (and this is not financial advice in any way), I think it is only okay to borrow for an investment when you have in-depth knowledge of that particular investment, with some experience. And even as you borrow, make sure it's something that you'll be able to land on your feet if things go wrong.
No! This is entirely a different case. Bitcoin is not a business and you can not compare physical business with crypto. In physical business you are in full control of your business and its management. The only way to lose your money in physical business is improper management or natural disaster occurs but talking about crypto, you don't have single control over it.People borrow to start up businesses. A business can be seen as a form of investment.
There are crypto traders who have people invest with them. They collect money from people, trade the money, and give the investors their share of the profit. A Very risky business, I don't advise it.
Personally (and this is not financial advice in any way), I think it is only okay to borrow for an investment when you have in-depth knowledge of that particular investment, with some experience. And even as you borrow, make sure it's something that you'll be able to land on your feet if things go wrong.
In my opinion, it is not risky to borrow money and invest in Bitcoin or any other coin but it a no do thing. Don't do it at all, it's not a do or die thing. If you are interested in investing in crypto, work with your sweat and earn money to start the investment and stop thinking of borrowing money.
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
Fully responsibility exists in the person who decides to make a decision in investing.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
Selling valuable property to invest into Bitcoin is not a proper recommendation to do.
There are still many other ways that can be done without having to sell property to be able to invest.
From the historical data of the existing Bitcoin price, Bitcoin can be expected by people who invest to get a greater return than other types of investment carried out in the long run.
Just like you, that I will not forbid people to invest, even I encourage people to invest in bitcoin, but there are things that must be considered such as the level of risk contained therein.
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