Topic: Don't look for investment, just hodle! - page 3. (Read 804 times)

All of these things depend on the initial impression a new user has of bitcoin and cryptocurrencies or how they were introduced to them; if they were introduced by a bitcoin or cryptocurrency trader, they will likely begin with trading, and if they were introduced to keeping bitcoin for future reserves, they will undoubtedly learn how to purchase and hold bitcoin.

Investing in other projects carries a significant risk, but it yields a greater return than purchasing or holding bitcoin, particularly when the companies in concern have a strong team and significant potential. However, the likelihood of not losing money is limited due to the lack of confidence and security around such altcoin investments; only bitcoin investment is more secure.

Say the truth and let the devil be ashamed, I am not going to keep believing that Bitcoin is where all my money should be, that's nonsense, even legendary members on here knows that it's worth investing in some projects than Bitcoin but it's less risky to be in Bitcoin than other projects.

If Bitcoin is all you are going to stick with you might never be rich doing so, I can't have 1k and you except me to turn that into 100,000$ with Bitcoin, it's impossible right now, but it's possible with other new projects, just that the risk is very high.

Many people are gamblers on this forum, there is nothing wrong with that, but imagine been a crypto gambler on a casino and also a Bitcoin investor only, are you stupid? If you can risk money on casinos why not other projects? Gambling risk is even higher than investing in other projects. Smooch

It's sad to see this kind of advices to newcomers and newbies here. Satoshi Nakamoto has not created Bitcoin to be stored like dwarfs and dragons are hoardering gold in tales and legends books, but to be used as a new mean of payment, uncensorable and unseizable. He even named it : A Peer-to-Peer Electronic Cash System. Bitcoin get its value from adoption, so if nobody uses it and prefers just "hodling" it, it won't increase its value anymore and will even losing it instead.

Actually, you have a point, mate. Trading can never be for a newbie who just joined the crypto space because this kind of person only heard about trading and decided to start it over night and see if they could achieve their goal. However, it always surprises me when I see a newbie who doesn’t have knowledge of trading decide to trade because even the professionals lose money, so I wonder how much a newbie who lacks the fundamental knowledge of trading will lose at a time.

However, I think bitcoin investments will suit them if they are able to take the risk and can hold their investments for a long period of time. But what is there is that not everybody who trades can go with bitcoin investment as it requires long periods of time, while they already know about trading that they can gain in a short period of time. If they have the knowledge it requires, you can see that they will go for the trading, which is not the right decision without the knowledge.

I think most of the problem boils down on the mindset of the new investors when they are first introduced with cryptocurrencies. Sure, the mindset of "getting rich quickly" is not bad perse but rushing the process without fully understanding the fundamentals can be a double-edged sword on both parties.

That is why, before a person fully commits to investing in BTC, everyone should at least experience the traditional ways of maximizing the potential of its price. While people may explore trading, etc. HODLING will still be the most efficient way of earning BTCs.

Going for Bitcoin only expose you to lower risk and also lower return of your investment, but I won't dare tell people to stop looking for other investments when we are seeing new innovations unfolding in crypto space, there is A.I, there is Web3, you can't find these in Bitcoin holding, and I don't think it's right to shun them off because Bitcoin is the best.

As crazy and stupid as meme coins was in the face of many in 2019 bear market, these joke of coins made the most insane returns for people in 2021, while I asked some investors why they would invest their hard-earned money in such jokes they answered me that it's fun to play around sometimes,  a friend said he understood the risks but he still prprefersaking the risk anyway.

People are looking for something new, and crypto gains have everything to do with hype, and this hype always moves around into something new in every bull market, I would rather advise people to expose themselves to risks that they are willing to take, it seems many knows the danger ahead yet they choose to proceed.

Most of us misunderstand investment because what is their mind is that after buying they could make a profit already. But it was not how an investment works because aside from knowing how to buy, we also know how to hold which I really see that most of us had failed to do, especially for doubtful people.  Because we are not a trader but an investor which means that we are not earning today but in the future. But if we think this will never work on us, then better not call ourselves an investor as we don't look like that.

That's how it should be to lessen the risk of losing our money. But this basic rule is hard to follow for many of us because often they're looking for quick profit that they can't achieve if they chose Bitcoin. Some newbies engage themselves in crypto not because they became aware of Bitcoin but because of the hype of a certain coin, believing it will go to the moon due to the effective promotion of influencers.

Well, it's wise to diversify but make sure that you have knowledge of what you're doing and not just guessing if the specific project will give you profit in the future. Investing and holding Bitcoin is ideal for people who are not in hurry to profit and can wait longer. Because it's less stressful if you just hold though it requires patience.

Those who understand it automatically will have the focus of holding it for long term while it's hard for those who have seen its growing phase only or have heard from some hot sources it's a great way to make money in short span as they can't control it and fall for scams or loose patience selling at loss also.Talking about DCA it's also good but yeah you could just go for long term holdings with the aim of 4+ years and there are high chances of profits but you need to keep risks factors in mind as well.

Some people might not have the actual funds that we make them buy the quantity of Bitcoin they want to buy and hold for a long period. For instance, someone who has a $10 fund will not like to invest it in Bitcoin because Bitcoin requires a long time holding before profit will come, that person will look for other crypto projects that will yield profit in the short run and invest in it without knowing he/she might invest in a scam project and lose his fund. I think the lack of funds makes some people not buy Bitcoin and hold.

I'm looking for another investment because Bitcoin isn't the only asset out there where we need to invest our money. Why pinpoint people who are looking for another opportunities?
I look for another opportunity because I believe I can gain still with other assets. The problem isn't with with looking with other investment, but the ignorance of the investors.

You said that investors are getting scammed because they are looking for an investment? Investors are getting scammed because they're ignorant, they have 0 knowledge. It isn't the "looking for opportunities" that's the problem here, but the ignorance is. This is why we have a thing called "diversification". Bitcoin isn't the only asset out there take note of that. There's many assets where we can invest our money with. DCA approach is good no doubt to that because I've been doing that as well. I just don't like the fact that you're saying that investors are getting scammed because they're looking for another opportunity well in fact, we can just focus on Bitcoin, and just hodl it.

"stop looking for investment that are centralized." I don't know if you're only pertaining to cryptocurrency on this one, but if you're talking about all the other assets, I beg to disagree with this one. How about the Stock Market? So you're saying that we're avoiding it because it's centralized? If you're only talking to crypto then maybe that's applicable.

Yeah, you are right about that. Some unexperienced Bitcoin investors have lost their assets in the past because of false promises of multiplaying their coin or some bullshit high APY, and some investors who were so eager to make profit would just agree to the scammers terms, resulting in the loss of their assets. Some investors who were also peacefully holding their coins in their wallets have been convinced to start trading because they feel it's a very profitable business, but they tried it out of their accounts and lost other assets. I think that the best Bitcoin investment that doesn't put you through any emotional stress is just buying your coin and holding it in your wallet. Some traders are always faced with some kind of emotional problem after encountering a huge loss on their trade. Those who invest their bitcoin in centralized platforms that end up being scamed also have some emotional problems.

Most of people who fall victims of bad investment thinks bitcoin takes much time to make profit from it, so they get to fall in love in investing in some other project thinking it will give them the profit they desire. I think some people fall into this trap just because of greed to make money  so fast. Bitcoin is the best investment to go for, all one  just need to do is to hodl,  their is no stress in  doing  this . The profit on hodling is better, than loosing all the money bad investment all in the name of making profit.

Yea, holding is had,but you need to have prepared yourself for it. This is why when you are buying,you have to put it in mind that you will invest in long term. If you have this in mind,you wouldn't bother if bitcoin price goes below the price that you bought. It is when you invest in such term and believe that you can make profit from it,that is when this thoughts and panics of loss will come in. Holding is just like you put a fixed deposit in the banks for a given period of time. With the help of the bank,you can't touch it,but in bitcoin case,you are your bank and need to have self control and focus on the long term rather than short term. This is why you should only use money that you can afford you can avoid to loss, so that you wouldn't bother about your investment. Patience is the key to holding and you should also know that Rome wasn't built in one day.

I think you miss-used the term investment in here, Holding a Bitcoin is actually an investment. The better term might be, that newbie should avoid trying to make a quick profit, there is no cryptocurrency that will make anyone could be rich in overnight, if anything is too good to be true then it is to good to be true, it must be a scam. Looking for investment is fine, just do the research.

Like memecoin which suddenly exploded and gave many advantages to those who entered at the beginning of the project. and even entered the Binance market, making it even more hype. Many altcoins are actually good and will provide multiple benefits when the bull run arrives. Just need to monitor and do DCA on Bitcoin or on Altcoins with good upside potential in the future.

In any job, reason must play a role quite well, because a person will not be able to work and invest when his mind is absent or his mind is still not healthy. It is not a problem to put money in many baskets as long as we are able to look after it well and know that the basket is good, because in terms of investment you don't only have to look at which assets to choose, but you also have to see where is a good place to put money as investment capital.

Losses through investments can usually be triggered by a number of reasons and what often happens is when you put money into several baskets, where basically the quality of the baskets is not always the same. Apart from that, when someone is too persistent in choosing several assets or coins that he wants even though he already knows one of the best coins such as Bitcoin, he can also experience losses through other coins even though he can cover them through the profits he gets through Bitcoin.

Well thats a good advice but I doubt that can be followed for some degen or those who used to investing on altcoins. We all knew how powerful bitcoin is and its the leader of the whole cryptomarket. Doing dca for bitcoin isnt bad but altcoins has a potential for a multiplier gains. Well last bull run it did occured on some and its really boosted the profits of every investors. Its just a matter of proper due diligence which project is gotta explode when the bull run happened once again.

I think its okay for them to look for other investment, since you should not put everything in one basket, at the same time, spreading to other tokens is a right approach, the only reason they fail is because they don't know what coin to invest, and did not do any research , they just listen to hype and bought at the wrong time, this is where being resourceful came to play.

not only the newbies missed out getting into wrong investment, even the people you might think that they are strong enough and have the knowledge of cryptocurrency also invest wrongly in cryptocurrency, some times what makes investors to invest to place they are not to invest is lack of information and inability to make research to know good coin to invest, some time is greediness that made to invest wrong by investing in altcoin that is not well established and also have no influence in the market

it's altcoin investment that always come scam and some one investment is base on altcoins every time means it's possible for the person to get scam through altcoins investment. For me it's only bitcoin and Ethereum that is good to hold for long time even though the market is still not doing well, but holding an altcoin that have no recommendations to any one is not good. Your investment with altcoin can be wipe with short time