Topic: Features that destabilised people in bitcoin - page 2. (Read 306 times)

From my daily learning and understanding, permit to say Bitcoin is not all just bed of roses, you do not expect every time to be in a win situation... You should prepare yourself for the loss and you don't expect to fail at al times. This is one reason bitcointalk.org can be of great importance to those who believes in the system, make enquiries, study on our own so we know when to buy and when to sell... This are basic tips we should abide.

I can not agree more with your all points, because these are the some main points we all as newbies have to face, for example, one of my friends who wanted to invest in BTC is in procrastination. Why? because he is currently thinking about which time will be best to enter into the market, He has no past experience which might have held him back the only thing I am observing is he did not want to accept losses in crypto, he wants to make a 100% good entry means from a point where the price of Bitcoin will never go below instead always go up.

We can all this scenario as, "trying to time the market" and belive me not a pro or 10 years experienced trader could time the market 100% and we all have to agree on that but we could increase the profit ratio by adopting some techniques for example, by doing DCA etc.

OP you're totally right about Bitcoin being a personal journey. I was hoping if you could tell us if you've ever faced any challenges with Bitcoin. Maybe you haven't because you're also new to this, just like me. The question is, how did you learn about these features? Did you figure them out from news or something else?

I guess there is also one thing, when people think that bitcoin is a way to get rich quicker. And then they found out that it's not easy as it sounds. And so they are discourage to invest and then just go on meme coins thinking it could be the way as well.

So for me, there could be some factors what the OP has laid out. But in the end, we really have to understand how everything works. The best thing to do is just stay with bitcoin at least for one whole cycle before you complain or procastinate.

Your topic title sounds like you wanted to write on features of Bitcoin that makes people not to invest in it, but the content is about personal reasons that make people notninvest at all, not particularly related to Bitcoin at all.

An investment mindset take careful training to build, failure to build this is the reason why many people do no succeed at investments or never even take the bold step at all.

I just want to outline some features that destabilise people from embracing bitcoin, I know that bitcoin is a personal race and it's nice for someone not be distracted on what it dreaming for, and secondly should not allow friends to underrate it's determination upmost in bitcoin race, its a self decision to patterned with bitcoin investment. The following are what I notice that affects someone who wants to invest in bitcoin

■ procrastination
■ past failure
■ Discouragement
■ Distraction
■ comparison

Procrastination
This is one of the main things that seen causes problem for investment, during time of investment what that will make the plan not to accomplish or delay your plans is a procrastination, I seen a procrastination as a delaying action that makes people to lose their preferable opportunity for investment, its good when come up with idea and you make a good decisions which a procrastination can not course a setback

Past failure
This fact make investors lose interest to invest in bitcoin, but this should not make a lover of bitcoin not to continue it's investment from in bitcoin, to be a perfect champion in investment " despite that I'm using bitcoin as key studies" you have to ensure you cross the hurdles of past failure, because when you are looking at the future you don't to be poison your future with your previous or past experience, a risk takers are tantamount to lose or gain in any investment, in summary don't use your past failure to face the present, and an investor should not be short sighted person because you failed in the past doesn't mean you shall never give investment a second trial.

Discouragement
This is similar to procrastination and this is one of the factors that deprived people a successful investment especially in bitcoin due to the information they obtain about bitcoin. Most of the people in social media that is being known that invested in bitcoin did not take chances of Discouragement from people before they invested and become successful, it's clear that a champion will believe on its paths to make its dreams to come to reality. And note: for investment opportunities you don't need someone to encourage you before you invest either in bitcoin or any.

Distraction
Distraction is one of the most weapons that will get someone  distracted  during learning of bitcoin investment, as desperate person to learn bitcoin should know that Distraction can never be a barrier if you have a concrete determination of learning and investing in bitcoin,  you not allow a Distraction to take over your opportunity, and if you want to be successful in bitcoin you should be aware of Distraction.

Comparison
A comparison should not be allowed to discourage you not have the understanding of bitcoin investment before, one of the setback some people experience in bitcoin investment is comparison, learning is the key and we have to be patient to understand the notion of bitcoin

This is my note down of features that destabilise people for investing in bitcoin