Topic: Don't look for investment, just hodle! - page 2. (Read 804 times)

To a good extent, have come to the fact that any investment outside holding is high risk and I wont advise anyone to go into that unless you have a lot of money to throw around and gamble with because most time those high-yield promised investments always end up in scam or victime of hacks.


So it becomes best to try as much as possible to only involve in assets that have long-term potential and also have a workable environment to support the asset functionality at most because these is the basic risk factors that we look at when analyzing other investment,  but to a beginner, bitcoin is the most appropriate  some point and the most simplest way to do that is to handle the Bitcoin in your own wallets.

True, I don't deny that. but pay attention to the market for a moment or now there will be a lot of extreme volatility coming despite so many investment scams like the ones you mentioned. There were a lot of people who entered the market when BTC corrected and what is certain is that currently there are also a lot of people who are confused about seeing a market like this with predictions that the market will be good and BTC will be the same from observers.

Yes mate.
Seriously, is not easy for newbies that just join the crypto space newly without any knowledge of how  to identify some ways to get out of been scam. or learn the basics things entirely, however they can still do it by searching the forum, there some topics that discussing about how to know and understand the right way to invest in bitcoin Post looking at this post will help you identify the right way to invest in bitcoin, even though the post is all about how to understand that something is scam or about to scam someone. I believe knowing the negative path of something will definitely lead someone to positive path.

Holding Bitcoin is also an investment too but people prefer to make fast money than wait for the right time. I whether sometime people making the scammer rich and still they continue to do so even though they knew they still continue to push, if I ask them they said the platform is still a baby they can not run now it too early, before you know the next thing they will start shouting that they have scam them, apart from this if any comes out again they will still fall for it.

I guess this is exactly what he is talking about. He's not talking about people who invested in Bitcoin, he's talking about people who go about looking for different investments to make quick money.
Instead of looking for all those investment schemes that are not verified why not just hold Bitcoin? That's an investment too.

I don't have an issue with people going into different investments. On the contrary, I like to divisify. But people go into investments without understanding what they're going into. All they care about is the fact that they'll make 50-300% of their money within 4 months which is always unrealistic most times.
So instead of going through all that, it's better you just hold Bitcoin.

It's too boring to buy bitcoin and then wait a few years for its price to increase. It is for this reason that investors are trying to increase the number of coins in their wallet, but not all of them have enough knowledge to realize it. Most of them, due to the fact that they do not know how to trade, as a rule, lose their money.

I disagree with that statement. Seeking investment is not in itself something bad as OP is trying to show. There is nothing wrong with investing in anything other than bitcoin. Sure, it's a risk, but where there is risk, there are also high material expectations of investing. Most newbies fail not because they invested in something other than bitcoin, but because they invested in all sorts of dubious schemes that promise high returns or lure them in with tasty promises of imminent riches.

If we look at investing properly, using analytics, our own research and an investment plan in place, there is still a point to investing. The problem is that most beginners don't know how to do any of this, they lose their money even with bitcoin.

You mean to say, "Don't look at investments other than investing and holding Bitcoin." I think that this is very appropriate advice for beginners because Bitcoin is the safest currency in the market and It is the most decentralized crypto coin other than altcoins in which scam projects, pump-and-dump tokens, and meme coins abound, but that does not prevent the fact that there are top decentralized altcoins in the market also deserves to be held in the long term, for example ETHER.

Holding Bitcoin in the long term requires great patience and experience in technical analysis to predict whether the price of Bitcoin will rise or fall, and this will determine the appropriate time to buy or sell. It is also better that the Bitcoin wallet is not an exchange wallet but rather a desktop or hardware wallet.

I did not quite understand what you mean here, do you mean there is a different network buying and holding bitcoin and investing on bitcoin? If yes then think you are wrong for looking at it in that approach, if I happen to buy some bitcoin today and decides to hold them in my wallet for a long period of time without selling them out, most people will address me as a bitcoin investor and what I have done is investment which requires me to lock up my assets for another more profiting assets.

Then if I happen to buy Bitcoin and have been getting myself involve on bitcoin trading trying to turn what I initially bought into something tangible, I can call myself a Bitcoin trader, where I see as a high risk something to do if I don’t have enough knowledge regarding how to make some solid trade I can mistakenly lose all my investment over a wrong trade entry.

Where I see as what newbies on bitcoin do very wrong is not looking for investment, but it’s where they always go in search of money doubling platforms which promise them some high return of investment in their bitcoin, which is where they always get it all wrong as it’s very difficult for them to make it out with their bitcoin where ever they hand their money over to money doublers, greed is one thing that makes newbies lose their bitcoin always and not investing their money on bitcoin.

I agree with you perfectly. This is one piece of advice I see to be very helpful especially to newbies, it's absolutely the best move to make until you have acquired knowledge enough to engage in other investment schemes, it's most safe to just hold. As a newbie it may not be too easy to identify real Bitcoin investment schemes from the fake ones because there are many out there wich looks like the original.

Holding Bitcoin is  appropriate and apparently, is the easiest and safe way of investing in Bitcoin because All you have to do is buy when the market is deep, I mean when it's a bearish market and wait until a bull market then sell out your Bitcoin at a price higher than that which you bought it. While holding your Bitcoin at this period make sure to use a legit wallet to hold and keep you wallet information away from the public as it may stand a chance of been hacked into, also avoid links that redirects you to your wallet as they may be links use for phishing which can cause you to possibly loose your wallet and the assets as well.

That is what they get from following social media influencers who are promoting trading sites which makes their viewers/listeners to think that there is easy money in trading while disregarding the risk that awaits them. So many people have fallen into such promises (instant profit/quick returns) where it was out of reality. It is not only greedy people who fall into this kind of trick but many newbies as well who thought that trading would be a shortcut to success and becoming rich. After all, many of them felt regret when they tried it.

As for new and old projects, maybe this makes sense, new projects have a better chance of growth in the upcoming bull market, but not all of them will show great growth, you need to be able to identify promising projects.

As for meme coins, this is a lottery, I don’t know, maybe someone will get lucky, but it will only be luck, since it is impossible to analyze all these projects and find at least some benefit from them. Meme coins are something that I always try to avoid, I rely only on my ability to analyze projects, and it works for me.

I see people that cannot hodli their bitcoin investment for long term as traders because like you said an investment is something that yields profit in a long term and not in a short term. Trading is very risky than hodling, and you can also run at loss when you are not patient with the price movement of bitcoin. Personally, i will say that it is greed that makes people think that bitcoin trading will give them millions overnight without learning the strategy behind trading. I believe that most investors here knows that long term investment is the best but they are doubting the faith that they have in bitcoin which makes them look for little profit rather than waiting for the bull run to come.

This is the number one thing that new investors do wrong. Some of them, after buying Bitcoin, just thought that all of a sudden they would start profiting from the investment. Anyway, maybe that was how they might have gotten their information before they started investing in Bitcoin.
And again, so many people have given Bitcoin a bad reputation. How? Those investors who just jumped in to Bitcoin thinking they will profit within 24 hours or even below the 24 hours when they start to see that the investment plan is not going well with them, they start thinking that the platform is a big scam, so I will suggest to every new investor out there to read more and gather more information and ideas of Bitcoin before they join the investment so they can know that before they start profiting, they will hold and accumulate for long.

Everyone has different reasons for getting into Bitcoin, some have investment goals, starting a business, and becoming a trader, Whatever they do can't be limited, it's just that there are many beginners out there who don't follow the advice of the senior because they are too lazy and too idealistic. like my friend who invested a lot of money in meme tokens but currently his investment is making a loss even though I have warned him that don't just put money in, look first at the reputation of the project, prioritize buying bitcoin.

why do newbie investors often buy new crypto assets rather than old ones Because they hope that the new crypto assets will experience drastic price increases like the old crypto assets!

Before you invest, you need to do your research as the chances exist that you can loose all your money. The main problem is that many beginners don't take the time to learn and will invest already a big amount in crypto as they think, it is a way to quickly get rich. This is something that will always happen especially if the bitcoin price would keep rising and rising. Then you will see a lot of new investors as they only think the price will keep going up...

There is really no movement in the current situation, the market is looking very boring, it must be disappointing for the newbies but also for the old investors the market is looking disappointing. Of course new people come to this market with the thought that they will get good profit here, but they don't know that it is not so easy to get profit here. Here one has to keep an eye on market fluctuations and may have to wait for a long time.

Many people invest in meme coin projects or new projects to get more profit. Some projects can give huge returns after listing on major exchanges. Just like Pepe Coin gave people huge profits, and made people millionaires in a very short time, but it hurt people who later invested in the coin. Many meme coin projects don't succeed because of which people lose their money in it. Thorough information and research is also very important while investing in any new project, as new projects are also unpredictable and may result in loss of investment.

Newbies keep chasing to earn money immediately and they make a wrong decision with their investment, one of the best examples is the projects offering a good return of money like a too good to be true and those newbies think its just the basic concept of the cryptocurrency investment sometimes they made an investment with the use of their debts and savings which is really bad. Ideal if they seek other than this like business and if you have a good cashflow now you can manage easily to have a right investment with the bitcoin for holding. Just my cents don't too much focus with the crypto investment only we know how does the market volatile.

The only thing I tell new users to do is to buy bitcoin, withdraw to your own wallet as soon as is reasonably possible, secure your seed phrase, and hodl for at least 10 years.

DCA is obviously what we need the most for long term price stability but I don't think we will see another wave of new DCA buyers until after the next halving.

Just focus on stacking sats while it's cheap and just hodl for 10+ years. That's the best "investment" advice out there.

That is indeed better, but in current market conditions we can see that there is no significant pump movement. it will only frustrate beginners. that's what happens, beginners think about making profits in a short time, not being patient in holding assets for a long period of time.
Maybe that's part of the reason why there are more beginners who are interested in investing in memecoin projects or new projects that promise several times the profits when they are listed on the exchange. and of course more of them will experience fraud and lose their money.
More beginners must be aware of where they can put their investment money safely and with minimal risk.