Topic: Don't look for investment, just hodle! (Read 713 times)

Hodling is also a form of investment but tho a better form as compared to that which is done by sending your assets to some persons or a group of people to help you grow or double your assets. But then it's very important that even with HODLING you understand some basics which will help you a long way, one of which has to be the difference between Bitcoin/crypto wallets and exchanges. If you able to understand that concept, then always make sure to store your Assets in your wallet and not on exchanges so as to better safeguard your assets.

Some persons make the mistakes of buying their assets and keeping them on exchanges thinking it's a wallet safe enough, unknown to them these exchange are been targeted by some cyber hackers who could possibly break in to the exchange some day and gain access to your assets and may possibly make away with them all.

But profits are significantly higher in alts, Bitcoin is already $35k when it reaches $70k you make mere 2x. However, when Bitcoin rises, alts also rise, but they give plenty profits.

You don't have to gamble on alts that are literal shitcoins. Go with prominent alts like atom, ether, solana, dot.

Now it is very common to see currencies from various countries put into exchanges to be exchanged for Bitcoin, the purpose of which is for long-term investment. Now Bitcoin deserves to be called a valuable asset because there are many people who continue to want to look after it well after they buy it through the market and I think this will continue to happen to Bitcoin for a long time as long as Bitcoin continues to have good value in the eyes of many people.

This means that every investor who has invested in Bitcoin must have a source of income through other work so that the investment in Bitcoin that they have made is not disturbed and can continue to be maintained while increasing the amount by DCA. Because apart from being more comfortable for investors themselves, it can also help investors increase their portfolio for Bitcoin which will be able to provide financial freedom one day through the amount of profits they get.

I can guarantee you that there is money to be made in every risky corners of crypto investments, I have made a lot of mistakes but what I've gained after is what matters, and it's why I am standing unafraid where many people are scaring away from, so many people get burnt in investment but they don't learn, biggest mistake of all time.

I hold my Bitcoin and I still choose to risk money on other things, with the knowledge I have acquired in the past I am always taking profits when needed and buying more Bitcoin and Ethereum, in this bear market alone, over five altcoins have bring me more than a 10x and I took my profits, invest some back into Bitcoin and this have helped my Bitcoin bag to grow more higher in a short period of time compare to me making money every month and investing part of that into Bitcoin.

I know that not everyone can do this, because it's easier to lose money, but it is something that works for me, I just apply the knowledge I gained from losing money in the past, like having all money in profits but failing to take them out, and also not doing my own research on projects before investing money, that's because I used to rely on what others are saying about a project, like those crazy paid YouTubers.

Firstly, as cryptocurrency is gradually being accepted as an asset class, more and more institutional money is entering this sector and holding long-term positions and one way to invest in this area is using a variety of patterns whether using a DCA approach or another.

Of course the most comfortable thing now is to Invest BTC and this is not a wrong investment, but as @CryptopreneurBrainboss said above "Investing in Bitcoin should not be your main source of income" and that is true.

The reason for that is because they're investing more than their limit, one of the most spoken advice in the community is to not invest more than you can afford to lose but many investors invest more than they can lose and this makes Hodling difficult for them. If you're holding only your spare money in Bitcoin as it's advice then you can hodl for as long as you want because there won't be need to be scared of the market crashing and when the market crash, you won't be panicking because you know if you lose the money invested, it won't affect you much and you can hodl for the market to recover. As a hodler, you should already know the history of Bitcoin as to how the price has crashed and rise back up. This should be able to give you more courage to continue Hodling and not be tempted to sell your Bitcoin because the price is declining.


Before alot of experience investors have come out to tell us that hodling is the best way to invest in Bitcoin, you should have known that they have tried other strategy before coming to this conclusion. There's a cycle that happens every bear to bull market, new investora comes into the market and think they know better than the old investors. Now you're thinking you have to try your luck in different tokens hoping you make profits from one, what you're doing is gambling and not investing. Why waste your time trying different options when you can invest in a guarantee positive outcome which is Bitcoin. Investing in Bitcoin shoudn't be your main source of income, you should have other things that gives you money for upkeep so you can comfortably invest in Bitcoin and have the patience to hodl. Diversifying into other altcoins is a gamble and that's not how to diversify as you don't invest in correlated assets when you're diversifying.

As succinct and valid as that advice is, not many will value it. Some of us were of that mindset in the past where we felt we could chase other coins in place of Bitcoin (owing to their cheap prices). But of course, we got the deserved repercussions later and learned our lessons from that. I hope the present inexperienced members here will pay ardent attention to this and do the needful by hodling and waiting patiently for the bull run against all odds.

Hodling bitcoin might be less risky compared to investing in unreliable centralized projects but it takes a lot of patience and faith in bitcoin for you to be able to hold bitcoin for long term without struggling from panic selling whenever bitcoin price drops so deeply. That is why even if hodling sounded so easy, a lot of bitcoin investors still end up quitting and decide to sell their coins early because they can’t stand the price volatility in the market.

However, bitcoin hodling is still the safest crypto investment in the market and the rate to succeed is still very high. It may not give you the quick profits that you desire but the long term profits you will get from hodling bitcoin is still very satisfying because of its very high value.

Sitting on the idea that bitcoin holding is effortless and less or without risk so therefore it's much preferable to just be a hodler instead of venturing into other risky investment is an idea that limits people's scope about the vast opportunities within the cryptocurrency spheres. Bitcoin as we know usually have a long bear market that can span between 2-3 years with just a few months of bullish market after a halving in every fourth year. An investor with a limited fund don't have to be waiting but divide part of the fund and take the risk and invest into other projects provided he can afford to take the risk, there's only two possibilities in that decision, either he makes success or fail. And if he fails he gained experience for another future investment trial again.

Yup.

That's what happens for many because sometimes some events are making our choices limited. But having that limited option also makes us wiser because we tend to see the other sides of it.

If we can't trade then better be an investor and just hold Bitcoin. We know what's the best strategy that can make us hold it better because it is effortless but you need money just as usual.

If you're referring to investment in cryptocurrency, then bitcoin is the best option, and in bitcoin itself , holding is easier than trading for a newbie. Trading can give you profit on a short term but it is risky, because if you're not very knowledgeable about how bitcoin supply and demand works, it is very easy to lose all your money in it.  But when you're holding bitcoin on a long term, it's quite easy and have lesser risk, because all you need to do is just to wait for the perfect opportunity to sell.

But if you're talking about investments in general, then there are other investments that are as good as holding  bitcoin. I personally believe that if someone has the capital, that it is best to diversif their investments, not focusing on only one type of investment. One investment option that I can liken to bitcoin investment is real estate, although it is quite capital intensive, but it has  the potentials to keep increasing in it's value. So just like bitcoin, when you want to sale, there's high probability of making huge profits.

It would be better for them to allocate some money to buy Bitcoin and store it. This will give them the opportunity to see the development of the value of their investment. So far, Bitcoin has satisfied small and medium investors because when the price of Bitcoin increases, they can make big profits. We don't need to compare it with big investors because they have more money than us.

We have to think about our investments and if we are committed to becoming a Bitcoin investor, we have to set aside some money to buy and hold Bitcoin. And when they already have their Bitcoins, they should keep and hold their Bitcoins in their personal wallets and not store them on exchanges. That will protect them from hacking and other problems.

Using DCA is a good strategy for beginners or for people who don't have a lot of money. They can start investing in Bitcoin at any time, regularly buy Bitcoin, and hold it in their personal wallet.

It's always better if one can afford to do both, making investments and trading at the same time, with the capital they've allocated for these purposes and they know they wouldn't need that money anytime soon because when you make investments or do trading in cryptocurrencies, you can only spend the money that you make from your trades, I mean the profits, but if you spend the capital itself, you won't have any money left to continue your trading activities which in result will cut off the profits you were earning.

However, many people can't afford to do that due to having limited capital that they can either use for trading or invest in Bitcoin and then wait for the market to generate profits for them, the choice lies within their knowledge and experience about the market and only they can know which of these they can do more effectively.

Because this is the top coin and most advisable to have for long term purposes so would agree to all people telling that invest and hodl bitcoin since this could give us more realistic profit in future. But sadly not everyone can able to only have bitcoin on their wallets since they need to invest to other alt so that they can accumulate bitcoin once they gain profit. But one thing is for sure with this all prefer bitcoin rather than any alts especially that bull season is starting to happen for sure that all what you said will be consider.

There maybe interesting projects built on other blockchain but scamming is rampantly happened there so maybe not good for new investors to come at those project since they might lose their money due to unwanted circumstances that they can't control.

Yes, some people actually believe that Bitcoin is the only cryptocurrency worth investing in since it has the most established infrastructure and the largest market cap but in my opinion, I think it depends on individual situation and goals. If you're just interested in Bitcoin for its potential to increase in value, then it may make sense to stick with it. But if you're interested in the broader potential of blockchain technology them you may want to explore other coins as well. There are a lot of interesting projects being built on other blockchain. However, one thing to keep in mind is that even if you don't trust centralized investments, you still need to be aware of the risks associated with Bitcoin itself due to its volatility.

For those that are very financially stable, they can afford to keep Bitcoin in their wallet and hodl but I think this might not be that applicable to an average person that is looking for any slight opportunity to top up his earning.

Although I personally feel that it's best to dedicate a particular amount you own for the purchase of Bitcoin he can hodl in wallet while you try out some short-term investment with your other funds.
If the investment pays off, that's good but if it doesn't pay off you still have your reserved bitcoin to hope on.

This is just my humble opinion though!

wait a minute, Why am I a bit confused with this concept. When we invest in Bitcoin it will be up to us in what way we invest and do it over a short or long period of time. and when we invest in Bitcoin, that means we channel our money into Bitcoin, whether we store it on an exchange or in our personal wallet. However, when we store it in our personal wallet, it is much safer and recommended than on an exchange. Apart from that, when we invest within a certain period of time it means we are holding Bitcoin. It depends on when we will take profit, which will depend on each individual, whether short term or long term or just for bullish preparation later or investing or holding as long as possible will depend on each individual. So what kind of investment do you actually mean? Maybe what you mean is fake investment on a certain platform? If that's the case, anywhere is risky and could be a scam, especially for those who offer instant high profits. but if we invest in Bitcoin and we store it in our Walet or wherever it means holding as long as we haven't sold it.

Does it mean we only need to invest in Bitcoin only and ignore other coins?
When we are newbies, this can be a good idea. But if we already understand well crypto investment, there is nothing wrong to invest in other coins. There are some good altcoins, too. They also deserve to invest in, top altcoins are the most recommended for other options besides investing in Bitcoin. What newbies and average investors must be avoided is to invest in meme coins, hyped coins, or shit coins. They have weak fundamentals, so they are too risky for an investment.

However, it is difficult to know which projects to stay for a long time. Even they can be among the top coins, it doesn't guarantee to stay along time. Also, big promotion or marketing from the teams/developers won't reflect that the project is trusted enough.

Sure. Most people must prioritize Bitcoin to be their main asset. But they also invest in altcoins that they think the altcoins can be trusted or have a big potential in the future.

One of the sites in crypto currency is the holding sector. I think that when I buy a coin, the holding time is the period between the desire to get that coin as long as I want, that is, the price I want. Of all things, it's basically up to you how long you hold it, so that doesn't mean the investment will set you back. An investment is a current action you take in the hope of future gains. With time, patience, risk analysis, confidence, knowledge you can invest and succeed. Holding is basically a part of investment whether short term or long term. It is very difficult for those who are new to this, so whatever holding investment you do, go short.

Hodling is a very good tool for making progress in the cryptocurrency industry and bitcoin investment. When I was new to this industry, the money I was in trading and other kinds of scam investment or Ponzi related investment which I lost all. Assuming I used the money to buy and hold, it would have been a very different positive news for me.

This industry is not as hard as people see it, especially the new commers. There are technically aspects of this industry, but you can still be successful even if you do not want to learn the technical things. Just buy low and hodl.

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.

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

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.

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.

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.
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.

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.

Op people don't fall for scam because they are not practicing bitcoin holding buy rather their poor research on an investment before investing that makes them fall for scam. Many are making bulky profits by investing in the right project, perhaps not everyone will have to make profit through investing same way holding bitcoin doesn't guarantee you making tangible profit  except you are holding a notable amount of bitcoin and you have the patience to hold for that long necessary, which not all can and that's why they move for investment in other projects.

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 🧑‍🦰

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.


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.

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.

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.

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.

I believe some people who actually buy are not prepared and just rush into buying due to anxiousness and story maybe they heard from someone who is holding bitcoin about how lucrative it can be without properly explaining the whole thing and before you know as they buying they are expectations will be very high in so doing makes lots of mistakes in their crypto journey.

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.

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.

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.

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.


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.

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.

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.

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.

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.

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.

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.

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.

Holding Bitcoin is just another investment. And to those people that are looking for another investment, it's normal to look for another one because all we want to do is to maximize the use of our money as a tool to generate more money.

While I agree that buying and holding Bitcoin is the best choice. But, there can be other options that the same Bitcoin holders can do as long as they know what they're doing.

The advise is typically good and a warning to those that don't know what they're doing and quickly buying anything that's suggested to them, especially the altcoins that are just randomly suggested.

Holding Bitcoin is difficult for people who are not patient enough to wait for the price to rise, and just like you, who is hoping that no problems arise soon or else you sell your Bitcoin, some people do invest in Bitcoin in the hopes of making a quick profit, which is incorrect; that is why it is always advisable to invest only what you can afford to lose.

Due to the instability in our everyday lives, we are sometimes needed to set aside some money for such unexpected occurrences and avoid selling our Bitcoin when we are not in profit. As a result, we are urged to employ DCA when investing in Bitcoin in order to plan for other expenses within our monthly or annual incomes.

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.

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. 

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.

Was on already typing this I felt OP actually made a mistake of contracting the two word holding and trading. Holding basically is also investment since is an act of allowing the assets grows into some profits over a period of time, it can be short or long but the the time frame determines the percentage of profit to be earn. This is what holding bitcoin is all about.

The one OP says about exchanges leaving with others money can simply be classified as trading because this is the only area where People leave their funds on an exchange. On to trading just like it brings quick profits to the investors the risk is higher to a total newbie to it and just like OP pointed out it is a huge risk for newbies to ho into it. So what I would say i deduce from the post is without proper knowledge just treat bitcoin first as an investment by holding firm on a good and reputable Wallet rather than trading to avoid scam

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

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.

Holding is also investment, so saying do not look for investment, just hold might not be correct.
But other than this fact, I totally agree with you that those who want to confirm profits or who are looking for better results than trading must prefer holding, but this advice must not work for everyone. Because some people want to become rich overnight, they know BTC cannot make them rich with their low investment, but if they invest in some shitcoin or some project that assures 100x or 50x (most are scams), they tend to invest in those.

They know the risk involved, but most newbies don't. The point is that the greater the risk, the greater the reward. Now one who is more greedy will look for more money and take more risks, while in holding there is less risk involved.

Ps: Before posting please check for spelling and grammatical error.

Let's be more practical in this and come down to the real and actual fact about why people come into cryptocurrency and why bitcoin is far preferred than any choice, some lack the trust in centralized currencies, while some people needed an investment opportunity to make money while they have some financial assets to hold over a period of time, there's this positive vibez in us that trig our developed interest in making decision to go for cryptocurrency, part of some of these reasons are why we are all here together to maximize the opportunity in making financial wealth and freedom in it.


If someone can get introduced to bitcoin and already have an idea on trading, then it's nothing bad if he can quickly develop more skills in learning more about bitcoin and it trading, where the mistakes lies is in our people veting in what they have no idea about, definitely there will be lost of money, unavoidable mistakes and more errors.



 

Great advise mate but the truth be told that holding is much more easier and profitable  for people with some reasonable sum of holding or portion of bitcoin.
I see nothing wrong with hodling as well as seeking better paying options provided you know what you're doing and you also do your researches as nothing is guaranteed in cryptocurrency industry even is the profit in holding guaranteed if the amount in holding is not relevant.

I do agree with you that holding  seems to be the best option but on the other hand, I think everyone's reasons for adopting bitcoin  differs.

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!