Beginners make the mistake of investing in crypto because they don't do more research. They also only follow suggestions from their friends or other people or even influencers they find on social media. These beginners only want fast profits in a short time so they are wrong in choosing the coin.
They don't invest in Bitcoin but in new projects whose future is unclear. And most of them are still fooled by the seduction of others to follow his advice by buying tokens for new projects. They also don't get clear information about the project so they experience fraud, which causes losses.
For long term investment, Bitcoin is clearly the best. But only a few beginners realize it so they prefer new projects until they are tricked. Hopefully, after this, more beginners can get clear information about Bitcoin so they don't choose the wrong project.
Topic: Don't look for investment, just hodle! - page 4. (Read 793 times)
We should understand that holding Bitcoin might not be suitable for everyone, especially if you're not financially stable. Your ability to hold Bitcoin largely depends on your source of income. For example, if you have only $100 worth of Bitcoin and you plan to hold it for a long time, you need to consider the market's high volatility. A 10% drop in Bitcoin's price could result in a loss of your funds.
If you're thinking about holding Bitcoin for an extended period, it's advisable to have at least 50% of one whole Bitcoin. This way, you'll be more confident in holding it for the long term. It's almost certain that the price of Bitcoin will increase over time, so if you have the funds, you can consider buying and holding. Luckily, the next Bitcoin halving is expected in 2024, which could be a favorable time to invest.
Always remember that any time can be a good time to buy Bitcoin, especially if your intention is to hold it for the long run.
If you're thinking about holding Bitcoin for an extended period, it's advisable to have at least 50% of one whole Bitcoin. This way, you'll be more confident in holding it for the long term. It's almost certain that the price of Bitcoin will increase over time, so if you have the funds, you can consider buying and holding. Luckily, the next Bitcoin halving is expected in 2024, which could be a favorable time to invest.
Always remember that any time can be a good time to buy Bitcoin, especially if your intention is to hold it for the long run.
Sounds like good advice. But holding bitcoin is not easy. I have been losing money since I bought bitcoin a month ago, I bought it when it was $33,000, then the bitcoin price went down, I bought bitcoin for $29,000, and the price is still going down. I'm confused about what price to buy bitcoin at. Even though I only have a little bitcoin but holding bitcoin is difficult, I hope there's no sudden need so I don't have to sell my bitcoin
None of the two is easy. You're losing money and you're already flipping out because seeing your Bitcoin lose value isn't something easy to swallow, especially if you're new to cryptocurrencies. I believe that all of us at some point couldn't stand seeing our coins lose value.Many senior members of the forum have said this several times before that trading is not for everyone and in order to reduce the risk of losing your funds, you just learn how to hold, not just any coin but bitcoin, in some years to come, you’ll make a lot of profit from the holding. In order to become successful, one need to be patient. Many newbies lack being patient and that is what is making most of them falling for cheap scam projects to make them rich overnight. No one said it is going to be easy but many of them lack that ideology which is what makes them fall for all this scams. This is a nice idea and every newbie who has no knowledge of trading or can’t risk their investment should just go and buy bitcoin and hold for a long time.
Not every type of investment suits everyone. Holding might be best for someone who's not willing to be actively invested in the whole process of constant buying and selling. You need to be able to make tough decisions within short periods of time, and not everyone has the guts to go through that on a daily basis, which is extremely stressful. Holding, on the other hand, doesn't guarantee you a risk-free investment that'll pay off. It's probable but not guaranteed to happen, and if it does, it might take years of not generating any yield. 
To avoid all this, it become paramount to only abide by one rules which is to keep Bitcoin in your wallet and stop looking for investment that are centralized to reduce your risk.
Just a friendly advice!
Just a friendly advice!
Many senior members of the forum have said this several times before that trading is not for everyone and in order to reduce the risk of losing your funds, you just learn how to hold, not just any coin but bitcoin, in some years to come, you’ll make a lot of profit from the holding. In order to become successful, one need to be patient. Many newbies lack being patient and that is what is making most of them falling for cheap scam projects to make them rich overnight. No one said it is going to be easy but many of them lack that ideology which is what makes them fall for all this scams. This is a nice idea and every newbie who has no knowledge of trading or can’t risk their investment should just go and buy bitcoin and hold for a long time.
Reason why many fail for scam is because they are looking for investment instead of just holding Bitcoin and wait for it value to appreciate organically, there is no doubt that DCA approach is good but then also if a newbie os not careful you could lose along the line of DCA so DCA is out of this discussion, but let dive into something more realistic taking recent happenings with so many investment scam, exchanges ditching off their clients money and so many other scam projects platform and signals that are notable bad actors in the market.
Learn first before you resort into any type of investment. Educate yourself even in low risk bitcoin accumulation and long term hodling, because in reality everything about bitcoin requires knowledge and good information to make you successful. Hodling might be underrated at some point, but always know that you can never hold and expect decent profits after if you also don’t have patience and positive attitude to make your long term hodling work and end in profits.
What you saying in essence?? That HODLing isn't termed an "investment"?.. C'monnn, you need to read vast so you won't intertwine up factuals with 'em regular, shitty factoids you read onboard. Basically, i sometimes find your post very boring as it's embedded in them alot of tautologies - improve
In as much as we've got so many fake money doubling projects, trending on social media platforms - it doesn't replace the clear process of staking 'em coins... sometimes I wonder how peeps are really delusional about grading the Grand coin with this ponzis everywhere - they tend to be gullible to something that has never survived the last 5 years?!
Sandra 🧑🦰
In as much as we've got so many fake money doubling projects, trending on social media platforms - it doesn't replace the clear process of staking 'em coins... sometimes I wonder how peeps are really delusional about grading the Grand coin with this ponzis everywhere - they tend to be gullible to something that has never survived the last 5 years?!
Sandra 🧑🦰
Holding is also investment, so saying do not look for investment, just hold might not be correct.
It is outright incorrect since before anyone holds Bitcoin, they have to spend money to buy Bitcoin as an investment. @OP is trying to emphasis something I get it but it looks like @OP is somehow confused about the terms he used, it is a good thing that you spot it right on.
Aside from that investment has a wide array of options, and it is not limited to cryptocurrency so this statement should be emphasized correctly.
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To avoid all this, it become paramount to only abide by one rules which is to keep Bitcoin in your wallet and stop looking for investment that are centralized to reduce your risk.
There is nothing wrong with diversifying into other forms of investment outside cryptocurrency if one thinks he has enough of BTC holdings. Remember BTC is highly volatile and its future is still uncertain. Not because its price history has been an uptrend hill with some setbacks it will continue to go uphill. There will be a point in time when the BTC price will reach its apex and will start to become stable or decline from there. So it is always a good thing to be open minded and not just put all the eggs in one basket. Just do intensive research if one is looking for a new project to invest in.
Reason why many fail for scam is because they are looking for investment instead of just holding Bitcoin and wait for it value to appreciate organically, there is no doubt that DCA approach is good but then also if a newbie os not careful you could lose along the line of DCA so DCA is out of this discussion, but let dive into something more realistic taking recent happenings with so many investment scam, exchanges ditching off their clients money and so many other scam projects platform and signals that are notable bad actors in the market.
Just a friendly advice!
Most people are always looking for places where their Bitcoin can be invested to yield more profits, but at the end they are going to be scammed. I don't really know why people are always desperate to make money. Bitcoin investment is kind of easy, just buy your Bitcoin and hold it, and make sure you do the necessary things that you are supposed to do. Never trust anyone that introduces you to any Bitcoin investment platform, all of them are scams, they just want to steal the Bitcoin that you are planning to invest in the platform.Just a friendly advice!
Don't trust an exchange with your Bitcoin investment. When holding Bitcoin, it should be in your non-custodial wallet and not your exchange. It's not safe to leave your Bitcoin on an exchange.
We need to hold whatever coin we have as long as we know that the project is going to stay for a long time with a good team which are always ready to promote the project. We don't only need to hold Bitcoin but we can make it one of the biggest in our portfolio. Bitcoin is more unique and safe than many of the coins we have in the market that are owned by individual or some group of developers. There is money in cryptocurrency if we know what we are doing and how to position our trades and investment to yield good profits to us.
Yeah, but there are projects in the beginning that we thought might stay for good, but suddenly it exit scams? And then there are projects that still exists up to this time, however, it doesn't have any good price, in fact even didn't reach a new all time high during the last bull run.
That's why the best coin to really hold is BTC (at least I can majority here will agree with me). And majority of us have like 60% of their portfolio on bitcoin and the rest, on the altcoins that they want to hold and see if it will really bring some money for them in the future.
We need to hold whatever coin we have as long as we know that the project is going to stay for a long time with a good team which are always ready to promote the project. We don't only need to hold Bitcoin but we can make it one of the biggest in our portfolio. Bitcoin is more unique and safe than many of the coins we have in the market that are owned by individual or some group of developers. There is money in cryptocurrency if we know what we are doing and how to position our trades and investment to yield good profits to us.
there is no doubt that DCA approach is good but then also if a newbie os not careful you could lose along the line of DCA so DCA is out of this discussion
How do you even lose money "if not careful"? If you literally just buy weekly/monthly what's the room for error here? Not buying even when you're already scheduled to(due to DCA)? If so, then the risks are the same even with lump sum. If the person doesn't follow his/her sound strategy, then mistakes will be made.
The reason why so many newbies have missed their steps in Bitcoin is because they have missed the primary approach to avoid getting into the wrong investment, because we all know the risk associated with cryptocurrency for that there is need to clarify one thing which is is burn out of personal research.
Reason why many fail for scam is because they are looking for investment instead of just holding Bitcoin and wait for it value to appreciate organically, there is no doubt that DCA approach is good but then also if a newbie os not careful you could lose along the line of DCA so DCA is out of this discussion, but let dive into something more realistic taking recent happenings with so many investment scam, exchanges ditching off their clients money and so many other scam projects platform and signals that are notable bad actors in the market.
To avoid all this, it become paramount to only abide by one rules which is to keep Bitcoin in your wallet and stop looking for investment that are centralized to reduce your risk.
Just a friendly advice!
Reason why many fail for scam is because they are looking for investment instead of just holding Bitcoin and wait for it value to appreciate organically, there is no doubt that DCA approach is good but then also if a newbie os not careful you could lose along the line of DCA so DCA is out of this discussion, but let dive into something more realistic taking recent happenings with so many investment scam, exchanges ditching off their clients money and so many other scam projects platform and signals that are notable bad actors in the market.
To avoid all this, it become paramount to only abide by one rules which is to keep Bitcoin in your wallet and stop looking for investment that are centralized to reduce your risk.
Just a friendly advice!
I mean Bitcoin is great as an investment sure if you're going to buy Bitcoin for sure that is the main reason why we buy Bitcoin anyway I mean I dont know anyone who bought Bitcoin that doesnt treat Bitcoin as their investment or doesnt expect any kind of return on Bitcoin. For sure Bitcoin was just a new thing back in the day a few years ago, There was no such proof that Bitcoin going to guarantee profit so it was obviously risky to invest in Bitcoin in the past years, even now the market price is just supply and demand.
I can clearly see your point here but I think the best way to say it is to only invest what you can afford since it is just not expecting anything on return on your cryptocurrency because that just means you could hold for a long term because you not expecting anything, I completely agree with it since a lot of newbies are just buying cryptocurrency expecting a big return already, the trick is to HODL for long term until the Bullrun, which is, in my opinion, is going to be difficult if you're just going to make Bitcoin or cryptocurrency your main source of income, if you have multiple sources of income you could easily HODL for long term investment since you dont need the profit quickly if you have a emergency.
To avoid all this, it become paramount to only abide by one rules which is to keep Bitcoin in your wallet and stop looking for investment that are centralized to reduce your risk.
Just a friendly advice!
After reading your post 2 to 3 times then I realized what actually you are trying to emphasize here. You are trying to justify the fact that instead of investing in new projects, alts, NFTs, metaverse etc. platforms in the hope of better outcomes you should invest in BTC for the longer period of time and wait for the results. And I am agreed with you because I have seen the results of daily trading and the holding. Just a friendly advice!
But sometimes lump sump trading is better then holding but of course in the short period for example if BTC drops price to $25k and people still doing DCA instead of lump sum buying then they might not be doing right because accumulating is necassary but getting more on dips is also necassary and now if those who would have lump sum at $25k and waited for the next ATH means if they hold then the results will definitely be risk free as the risk is involved in other alts and risky investments.
Halving is coming in around 8 months and after that new ATH might be set in less then 15 months or maybe more, as no confirm date just a prediction but still holding now is the best option.
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Reason why many fail for scam is because they are looking for investment instead of just holding Bitcoin and wait for it value to appreciate organically, there is no doubt that DCA approach is good but then also if a newbie is not careful you could lose along the line of DCA so DCA is out of this discussion,
I'm confused, how do someone lose in the line of DCA, when you're DCA you're investing in Bitcoin periodically and this means you haven't thought about selling but just buying so then how do you lose? Newbies fall for scam investment because they're not yet informed on things happening in the crypto space, some are inform but still ignorant because they aren't patient to wait for Bitcoin to give them profits in few years time but want instant gains and that's why we have numerous projects because the founders know there are many gullible investors looking for the next profitable investors and knows they can scam these set if investor.
To avoid all this, it become paramount to only abide by one rules which is to keep Bitcoin in your wallet and stop looking for investment that are centralized to reduce your risk.
The market is full of opportunities to make you rich (that's what they're been told by the influencers paid to hype a certain project) so it becomes difficult to ignore all this distraction all over the market and just buy Bitcoin which is why I advice new investors to make bitcoin their top priority then whatever is left they can use to play with the market (which is more like them going to a casino to gamble). I'm not against anybody experimenting with the market but they should know all there's that isn't Bitcoin would probably make them lose money in the long run.
Reason why many fail for scam is because they are looking for investment instead of just holding Bitcoin and wait for it value to appreciate organically
Great! But how someone will hold Bitcoin if they do not make their investment into Bitcoin first? If you are referring to investing in altcoin then i think you should revise your investment strategy again. I know we have a lot of bitcoin maximalists in here but there are people who like to take risks in altcoin. We have seen in every bull cycle project like polygon, solana, Shiba inu emerge and the investor makes a huge profit. Everyone wants that kind of gain. So if a very small portion of my portfolio is in altcoin I wouldn't mind.
Hodling is expensive and not for everyone and i will explain using your own context of "keep btc" and the market reality. Hodling in my opinion means you are buying bitcoin in a cheap price and keeping it for a long time until the prices peak. The reality; the reality is that everyone cannot buy and hodl 0.1 btc long term which means if you are buying and hodling 100-1000$ value of btc long term you are just playing around.
You are right when you said that investing in Bitcoin is not for everybody. It is not for the greedy and impatient folks that wants to make quick money. Bitcoin is not also expensive to hodl because you can buy based on your income and budget. I don't care how small the profit might look because am always content with it. So I will not agree that I am wasting my time investing in bitcoin. Quote
So my dear readers; look for valuable investments that help you increase your capital (Including MEME COINS); then use the proceeds to invest in bitcoin so that you are able to hodl BTC (if you want to) because to my knowledge, bitcoin is bullish longterm.
Is there any coin that is as valuable as Bitcoin? Have you also considered the risk involved in investing on these shitcoins? These statements are based on your knowledge because other notable members have good experience about long term bitcoin investment. 
Reason why many fail for scam is because they are looking for investment instead of just holding Bitcoin and wait for it value to appreciate organically,
And what's the reason why most newbies are looking for where to invest?It is not always because of the lack of information that HODLing is good and DCAing can be a better strategy to accumulate bitcoins, they know this, but greed is most times motivating factor to want to double or triple the amount of bitcoins they have on a very short notice, and as a result of that they ignore all the warning of avoiding bitcoin investment platforms that promises ridiculous high returns. They become victims, loose their bitcoins and end up in regret.
Reason why many fail for scam is because they are looking for investment instead of just holding Bitcoin and wait for it value to appreciate organically,
And not only that, but the reason why most newbies fall victim to scam is simply because as a result of their greed, they trying to get rich quick over night with Bitcoin, and as such, fall victim to fake online investment scams, as they tend to promise an offer too good to be true. Quote
To avoid all this, it become paramount to only abide by one rules which is to keep Bitcoin in your wallet and stop looking for investment that is centralized to reduce your risk.
Just a friendly advice!
Yes, it's true that holding BTC for long term is the best strategy for making good gain of your Bitcoin investment, but that doesn't mean making good gains over a short time frame is not possible, because that's where "Day trading" and "Dollar Cost Averaging" comes into play, which is ought to be done when you have gotten experience, and not as a newbie, as you are likely to lose funds because of your lack of knowledge. Just a friendly advice!
Holding also comes under the umbrella of investment. In holding, one is investing their funds or assets for a longer period of time, whereas in trading (which is also a form of investment), one is investing for a shorter period of time. That's why most people used to distinguish between trading and holding because both have different strategies and different outcomes.
Yes holding is the primary form of investment and aside from holding all other form of investment have high risk of losing your money along the line, This statement aims to divulge the misleading tendency of looking for investments all in the name of bitcoin investment instead just buying Bitcoin and holding in the wallet for the long term based. That is the angle I am looking at it from because there have been a lot of fraudulent investments that have been disguised and lebel with Bitcoin or cryptocurrency that have failed to uphold the trust that their customers bestowed on them.
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