Focus on knowledge, build up belief, then investment plan, success will come.

Gladitorcomeback

hero member

Activity: 644

Merit: 591

#SWGT CERTIK Audited

Quote from: kotajikikox on May 06, 2024, 05:20:18 AM

Yup that is why I think the ability of investing does not come to everyone. Even if people say that if you really want it then there must be a way however we know that not everyone is on the same level of freedom when it comes to financial things.

Investment can make you wealthy but you should not sacrifice everything you have because there are still risks of losing you can not ignore.

Not every investment can make you rich, so it's the wrong mindset to have when you are investing. Someone should think that they are going to get some profit from their investment but they shouldn't think that their investments are going to make them rich.

A lot of people enter the market with this mindset and this is why they invest their money in high-risk cryptocurrencies such as meme-coins and shitcoins because they believe they have the potential to provide them with a lot of profit in a short period but they ignore the fact that there are more chances of them losing the money.

So it's important to be vary of these facts when making investments.

tottong

hero member

Activity: 1195

Merit: 559

Quote from: tranthidung on April 18, 2024, 12:54:03 PM

Let me emphasize, it is not a comparison about Bitcoin and Gold, but my intention is to share a fact that intelligent investors got profit by their intelligent knowledge and decisions for investments, then good capital management. They did not get profit simply because of luckiness. Their profit did not come to them like airdrops without any knowledge and their own serious efforts with time.

While gaining profits from luck is the same as gambling, in investment this is not the case because capital, strategy and moments are very decisive.
Investment does not rely on luck but rather on knowledge applied in strategy. Bitcoin is indeed good for investment and it really depends on how we start and without investment capital it cannot be carried out.
Bitcoin's fluctuations are comparable and if people understand its journey then the risk can be minimized because bitcoin always has a repeating cycle, both when the price experiences a decline and in the process of improvement.

kotajikikox

full member

Activity: 2366

Merit: 207

★Bitvest.io★ Play Plinko or Invest!

Quote from: eightdots on April 25, 2024, 05:58:27 PM

Patience is one of the most important things in investing. In order to be patient, the money remaining from the amount you invested must be sufficient for you to continue your life.

Yup that is why I think the ability of investing does not come to everyone. Even if people say that if you really want it then there must be a way however we know that not everyone is on the same level of freedom when it comes to financial things.

Investment can make you wealthy but you should not sacrifice everything you have because there are still risks of losing you can not ignore.

btc78

full member

Activity: 2492

Merit: 212

Eloncoin.org - Mars, here we come!

Quote from: AmoreJaz on April 29, 2024, 01:09:56 PM

Just take a very good example in btc - how can someone buy some satoshis if he has no knowledge in buying it? Or how to safely store it? This is why a lot of people are hesitant on this market because mainly of ignorance, not because they don't want it.

Some people are way too easy to influence and they often do not have any kind of independent thinking. They just follow anyone they think they should. Worse they follow someone who also has not much knowledge of investing. Being unprepared and not having enough knowledge about bitcoin or any cryptocurrency before diving in will surely leave you with losses.

Like they say “By failing to prepare, you are preparing to fail.”

AmoreJaz

legendary

Activity: 3066

Merit: 1101

Leading Crypto Sports Betting & Casino Platform

Quote from: Zanab247 on April 29, 2024, 11:56:31 AM

Both gold and BTC require knowledge, and for you to achiev what you want in your investment, you need to acquire the knowledge so that it will be easy for you to achieve your goal, and through your knowledge you can believe in your investment because you know that if you sell your coins in the bull run, you will surely make a good profits.

Many people know that bull season use to come some time, for people to earn profits from their investment and to gather a huge amount of money that will help them to buy BTC when bear season occur, which is the hand work of knowledge, it will help you to last long in your investment .

The knowledge will not allow you to ignore BTC and embrace altcoin in the market because BTC is the king among other cryptocurrencies in the market, and whenever the price of BTC is rising in the market other cryptocurrencies will be struggling to rise in the market.

Knowledge is a powerful tool that someone can use when it comes to deciding what investment is worth to venture into. Without it, would be hard to convince yourself in buying in any of these assets. This is why whether you want to hold some btc or gold, you need to do your own assessment also before keeping one of them or both in your vault.

Just take a very good example in btc - how can someone buy some satoshis if he has no knowledge in buying it? Or how to safely store it? This is why a lot of people are hesitant on this market because mainly of ignorance, not because they don't want it.

Zanab247

full member

Activity: 1190

Merit: 126

★Bitvest.io★ Play Plinko or Invest!

Both gold and BTC require knowledge, and for you to achiev what you want in your investment, you need to acquire the knowledge so that it will be easy for you to achieve your goal, and through your knowledge you can believe in your investment because you know that if you sell your coins in the bull run, you will surely make a good profits.

Many people know that bull season use to come some time, for people to earn profits from their investment and to gather a huge amount of money that will help them to buy BTC when bear season occur, which is the hand work of knowledge, it will help you to last long in your investment .

The knowledge will not allow you to ignore BTC and embrace altcoin in the market because BTC is the king among other cryptocurrencies in the market, and whenever the price of BTC is rising in the market other cryptocurrencies will be struggling to rise in the market.

eightdots

hero member

Activity: 756

Merit: 701

Quote from: Z-tight on April 21, 2024, 04:07:21 AM

People who invest in altcoins with their lack of utility and reliance on hype, may depend on luck, i believe to make money from altcoins you have to be lucky, especially luck in buying at the right time.

However, you don't have to rely on luck when buying BTC, it is useful so you know the price can only correct or dump, but it is going to pump again. Now all you have to do is get your investment strategy correctly, stick to it and be willing to be patient, so many people who make mistakes after buying BTC are the short term investors, they want profit fast, so they make the wrong choices.

Patience is one of the most important things in investing. In order to be patient, the money remaining from the amount you invested must be sufficient for you to continue your life. Sometimes, even if there is patience, investments can be cashed out before reaching their goal because the necessary resources are not available.

We cannot ignore the luck factor in altcoins, but it is also important to analyze the movements of the market. Many altcoin investors invest wherever the hype is. This causes the team or path of the altcoins to be invisible. So, as you said, we cannot say that there is no relationship between the luck factor and making a profit.

South Park

hero member

Activity: 2884

Merit: 794

I am terrible at Fantasy Football!!!

Quote from: harapan on April 22, 2024, 07:56:11 AM

I can't believe and understand what people see bitcoin as...Since they find it difficult to invest and trust bitcoin because they lack knowledge.That's why they say knowledge is power.
You know its disappointing to see and hear the shits been said about bitcoin,they just wake and assimilate whatever information they receive from other people that despises bitcoin so much and the Internet.

Instead they research about the positive impacts,they'll continue to feed themselves with illegal feedback.Investing in Bitcoin cryptocurrency has its pros and cons and like every other currency,there's advantage and disadvantages.Meanwhile,bitcoin still remains a fast growing assets and its going to be hard to eliminate the currency.

The decentralized nature of bitcoin works against it in this case, since governments can always pay the media to exalt fiat as much as they can, while at the same time they throw mud at bitcoin and its reputation, so many people simply believe what they are told and think about bitcoin not only as a poor investment, even if the evidence shows it is the opposite, but they also think about it as a dangerous technology, however I recommend to you to not care too much about it, as at the end the ones that are missing the chance of a lifetime are them and not us.

Y3shot

full member

Activity: 560

Merit: 161

Quote from: Z-tight on April 21, 2024, 04:07:21 AM

People who invest in altcoins with their lack of utility and reliance on hype, may depend on luck, i believe to make money from altcoins you have to be lucky, especially luck in buying at the right time.

However, you don't have to rely on luck when buying BTC, it is useful so you know the price can only correct or dump, but it is going to pump again. Now all you have to do is get your investment strategy correctly, stick to it and be willing to be patient, so many people who make mistakes after buying BTC are the short term investors, they want profit fast, so they make the wrong choices.

It is not even easy to be lucky when dealing with altcoins, most times you would want to try to invest in some altcoins but the truth is that it won't give you what you really want. The way people rate altcoins when it comes to profit is not even what it is. Investing in altcoins is just waste of time and I think people are just being deceive of its low value thinking profit can be earned in a short time. Investing in altcoins is not worth it at all, if you are not you may even end up with a scam coin.

Bitcoin is a good coin to invest in but people found it difficult because they lack the patience to hodl bitcoin, instead they prefer altcoins because serious desperation of making money so quick.

wiss19

sr. member

Activity: 2072

Merit: 337

The reason why some people believe more in Gold than Bitcoin is because they see less volatility in it and there is no doubt about that. If Gold witnesses a bull run once in a decade then it also gets a 40% correction in a long time and doesn't have steep drops like Bitcoin or other cryptocurrencies and even if it does, its investors stay confident because they know it's not going anywhere as it has an existence and has been around for centuries while for Bitcoin, some people don't think this way because of it being only digitally available.

However, you are right that people who invest in them when they are in the bear market do it with a lot of courage and belief because it's not easy to keep holding onto your assets if you see your investment losing value every now and then but if you still keep holding, you deserve what you get at the end.

harapan

sr. member

Activity: 1652

Merit: 298

Quote from: Die_empty on April 19, 2024, 02:12:37 AM

Quote from: tranthidung on April 18, 2024, 12:54:03 PM

When you spend more time in Bitcoin market, you will read more news about this market and Bitcoin. You will read many criticism or just hilarious and jealous comment that Bitcoin investors got profit because they were lucky.

Ignorance is the reason why people think that Bitcoin investors are lucky. Most of them don't know the level of risk many Bitcoin investors take to see their investments grow over the years. These critics don't realize that many people have also lost money investing in the sector. In fact, I believe that there is nothing called luck in business because anyone who invests is taking a certain level of risk. How many of them will be able to wait for four to eight years for them to take profit from an investment, just a few. They assume that Bitcoin is just a money-doubling scheme where you put in money today and get rich tomorrow.

I can't believe and understand what people see bitcoin as...Since they find it difficult to invest and trust bitcoin because they lack knowledge.That's why they say knowledge is power.
You know its disappointing to see and hear the shits been said about bitcoin,they just wake and assimilate whatever information they receive from other people that despises bitcoin so much and the Internet.

Instead they research about the positive impacts,they'll continue to feed themselves with illegal feedback.Investing in Bitcoin cryptocurrency has its pros and cons and like every other currency,there's advantage and disadvantages.Meanwhile,bitcoin still remains a fast growing assets and its going to be hard to eliminate the currency.

tranthidung

legendary

Activity: 2170

Merit: 3858

Farewell o_e_l_e_o

Quote from: Yatsan on April 20, 2024, 01:40:12 PM

Luck will also play a role however investment is different from gambling wherein one's decision making determines profit or success. Decision making on the other hand can be improved through learning or having knowledge of what investment you will be engaging yourself with.

Learning to gain knowledge, practice to gain experience. Together they will help an investor to have better understanding about the market, price cycle, psychology cycle and fud cycle so that they will become stronger with time. When they have these factors better, they will be less likely vulnerable to fud and will feel more comfortable with investment in Bitcoin.

Important to note that they must have good financial and capital management for their investment and their life beyond investment too.

Quote

In Bitcoin, volatility is obviously present.

Volatility is what traders and investors need. Without volatility, we have a dead market.

Z-tight

hero member

Activity: 854

Merit: 1031

Only BTC

People who invest in altcoins with their lack of utility and reliance on hype, may depend on luck, i believe to make money from altcoins you have to be lucky, especially luck in buying at the right time.

However, you don't have to rely on luck when buying BTC, it is useful so you know the price can only correct or dump, but it is going to pump again. Now all you have to do is get your investment strategy correctly, stick to it and be willing to be patient, so many people who make mistakes after buying BTC are the short term investors, they want profit fast, so they make the wrong choices.

Ayers

legendary

Activity: 2590

Merit: 1022

Leading Crypto Sports Betting & Casino Platform

Quote from: Plaguedeath on April 19, 2024, 05:33:21 AM

Quote from: Ayers on April 19, 2024, 03:46:17 AM

Agree that the future is unpredictable, but if someone is willing to take risks and accept challenges, daring to step out of their comfort zone, they absolutely deserve to receive great rewards.

Most people afraid of Bitcoin, while I see Bitcoin as an investment with the lowest risk with high rewards.

Savings, time deposit and ETFs will never beat inflation, holding them will make you poor.
Gold, only protect your wealth.
Stock, can hedge against inflation and give you good rewards if you choose the right company, but any business can fail and make you in lost.
Bitcoin, hedging against inflation and give you high rewards.

“only invest what you can lose”, I think you are very familiar with this, and I think there is no asset that is both safe and can bring high returns, including bitcoin.

Just because we are investing in bitcoin and on the bitcoin forum, it does not mean we make unfair judgments. To me everything is proportional, the higher the profit, the higher the risk. If bitcoin really has lower risk than gold or real estate, stocks and brings higher profits. So why shouldn't you or I, everyone, sell all your assets to invest in bitcoin? To put it more interestingly, sell your 1 house and invest in bitcoin, and you will definitely get 10 houses if bitcoin gives you x10 profit, LOL. Bitcoin may be safer than altcoins but still cannot compare to gold or real estate.

Yatsan

legendary

Activity: 2394

Merit: 1231

Leading Crypto Sports Betting & Casino Platform

Quote from: Y3shot on April 20, 2024, 08:20:16 AM

Quote from: tranthidung on April 18, 2024, 12:54:03 PM

Let me emphasize, it is not a comparison about Bitcoin and Gold, but my intention is to share a fact that intelligent investors got profit by their intelligent knowledge and decisions for investments, then good capital management. They did not get profit simply because of luckiness. Their profit did not come to them like airdrops without any knowledge and their own serious efforts with time.

That is why knowledge is always powerful, knowledge we give you what even your money can't give you. You can have money and decides to trade or invest cryptocurrency but if their is no good knowledge all the money that is is invested can just go as waste. Knowledge is everything one needs to stay relevant in the market, this is what every trader and investors needs to consider as the first thing. Planning to get knowledge first by learning will bring more profit but when it is neglected and people think of making money quickly, it won't bring any good instead just waste of money.

Luck will also play a role however investment is different from gambling wherein one's decision making determines profit or success. Decision making on the other hand can be improved through learning or having knowledge of what investment you will be engaging yourself with. In Bitcoin, volatility is obviously present. If you won't be knowldgeable of how prices work, how events affect the market price, and how market prices move, you'd just panic and make things worse. Gaining knowledge is improving your foundation to make things better in longer perspective or point of view. There is a reason why patience will be always needed, reason why there are issues at this date still, and misconceptions. The only way to deal with is to enrich your knowledge which should be a must especially if you value your money.

tranthidung

legendary

Activity: 2170

Merit: 3858

Farewell o_e_l_e_o

Quote from: m2017 on April 19, 2024, 04:53:33 AM

But the importance of luck can't be denied.

"Focus on knowledge, build up belief, then investment plan, and pray for luck success will come."

Luck is always important for anything, not only for Bitcoin.

Quote

All the "intelligent knowledge and decisions for investments" of a "intelligent investors" is to buy bitcoin (not necessarily at the lowest price in the last period), and "good capital management" is just to "just hodl". I'm exaggerating a little, but don't exaggerate the importance of investing in an asset that is constantly growing (in the long term), as if it were an extremely complex action. Even a schoolboy can handle this.

Buy and sell within a range of price, you will invest well by buying around bottom range and taking profit around peak range.

If you approach the market like this for your investment, you will feel less stress and headache. You will not feel regret by missing a bottom price or an all time high because what you aim at is a range for entry and take profit.

Quote

These are not brave investors, but greedy ones. Their greed overshadows their fear.

If you spend money to invest, to get profit, you are greedy. It's clear but being greedy must co-exist with safety for your capital. If you can not keep your capital safe, reduce risk to lose it, you will end with empty hands and nothing to do after that.

Quote

Isn't bitcoin volatile? What's been going on in the last week, huh?

Did you read carefully?

I did not say Bitcoin is not volatile but I only wanted to say that even gold is volatile, 40% correction is not small but gold price changes slowly and people did not realize it. Crash in Covid-19 announcement is another example on volatility of gold. Stocks are volatile too but if people say Bitcoin is volatile but don't say the same for gold or stocks, they want to mislead newbies.

Y3shot

full member

Activity: 560

Merit: 161

Quote from: tranthidung on April 18, 2024, 12:54:03 PM

Let me emphasize, it is not a comparison about Bitcoin and Gold, but my intention is to share a fact that intelligent investors got profit by their intelligent knowledge and decisions for investments, then good capital management. They did not get profit simply because of luckiness. Their profit did not come to them like airdrops without any knowledge and their own serious efforts with time.

That is why knowledge is always powerful, knowledge we give you what even your money can't give you. You can have money and decides to trade or invest cryptocurrency but if their is no good knowledge all the money that is is invested can just go as waste. Knowledge is everything one needs to stay relevant in the market, this is what every trader and investors needs to consider as the first thing. Planning to get knowledge first by learning will bring more profit but when it is neglected and people think of making money quickly, it won't bring any good instead just waste of money.

Blitzboy

hero member

Activity: 1218

Merit: 556

Leading Crypto Sports Betting & Casino Platform

Real power comes from market understanding. Bitcoin isnt lottery tickets. They've done their homework and understand economic cycles to make this strategic play. Those charts you show? Real investors see beyond red. Bear markets offer opportunity for the prepared. Like in business, winners in this game detect trendlines and act when others pause. This is economic intelligence, not luck.

Bitcoin, like gold, tests faith. However, its hardiness distinguishes it. History shows it recovers stronger. Its a fresh approach to money and investment, not just an asset. This is about knowing and controlling the traditional system's shortcomings. Those that get it are creating a future on a new currency, not just a fast cash.

tranthidung

legendary

Activity: 2170

Merit: 3858

Farewell o_e_l_e_o

Quote from: B1-66ER on April 18, 2024, 01:56:44 PM

Quote

People say Bitcoin is too volatile..

We know who .. Cheesy

Well, Kudos to Bitcoin Maxis like Natalie Brunell ..

https://www.youtube.com/watch?v=PViqK_N2qIM

Gemini Summarization:

“This video is a debate between Natalie Brunell, a Bitcoin enthusiast, and Peter Schiff, an economist who argues for gold. The debate is about whether Bitcoin or gold is a better investment.

Peter Schiff is funny with his words in the debate on television and he is one of pro-anti-Bitcoin. After many years, many chances missed, he still is very anti-Bitcoin. Does he regret anything, only he knows about it.

Quote from: alastantiger on April 18, 2024, 02:35:22 PM

I argue with people who use the word lucky for early bitcoin investors or any bitcoin investor at all who has accumulated a lot of bitcoin over the years

Luckiness has its role but is not decisive. If years ago like in 2009, 2010 or 2011, you knew about Bitcoin by any chance, it is lucky. Not all people were lucky enough to be exposed to Bitcoin in its early years.

However what you do after first exposure, is no longer luckiness but it depends on your thinking, belief in future of Bitcoin and your investment action to turn it to profit or fortune years later.

Quote from: The Cryptovator on April 18, 2024, 04:34:58 PM

We all just know we can make money from the crypto market, but we don't know how to react according to the market. Without proper knowledge and research, we can't realise the scope of bitcoin investment.

From knowing about strategy to get profit to actually apply that strategy with good discipline and harvest profit for your investment, there are many barriers a long the adventure.

With people who invested in Bitcoin, gambled in Bitcoin in early years, they need to have very strong belief to hold their bitcoins many years. They need to learn fundamentals about Bitcoin private key and are carefully enough to do good and usable backups.

$crypto$

legendary

Activity: 2352

Merit: 1041

Smart is not enough, there must be skills

Knowledge is important if it is not based on this, our investment plan will lead to the wrong because at the end it is just a guess without doing any analysis because they themselves do not have knowledge as the basic science.

Comparing Bitcoin and Gold is quite different in terms of volatility, well now there are still many people who believe that gold is the most stable asset the majority of those who do not know the real investment will know that gold is a safe asset that will not go down significantly but takes a long time to go up so when it goes down the recovery is also long.

In contrast, bitcoin has a 4-year cycle where this is what to look forward to, the price has always reached a record for the last 4 cycles, so this is the hope of new investors to enter and invest there, of course this all requires knowledge and analysis with the skills you have.

Topic: Focus on knowledge, build up belief, then investment plan, success will come. (Read 469 times)