One thing I find out about the reason why some people fails in their investments is fear and lack of proper knowledge on how to apply the right concept in order to achieve a favourable result. Knowledge is power but until you get the right knowledge and apply it right, then your knowledge may not give you that power you desire. A lot of times, investors always feels that the market is all about luck, for sure luck is included but how can you be lucky when you don't apply the right investments practices that will enhance your knowledge about the right approach to manage your investments.
Most successful investors today didn't just jump out from no where and became successful but it took them time, resources, money and they developed quality time to gain the right knowledge and also applied the basic investment strategy before they were able to become genius. Success cannot be achieved on a bed of rose but your determination to succeed will acquaint you with the right knowledge to be applied in other to have successful path.
Topic: Focus on knowledge, build up belief, then investment plan, success will come. - page 2. (Read 545 times)
April 19, 2024, 10:02:02 AM
April 19, 2024, 09:32:38 AM
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. If anyone is being very honest we would see that these bitcoin investors were in the public telling us to buy bitcoin when it was less than a dollar.
They aren’t lucky unless they were given bitcoin for free lol. Even then whatever they do with that bitcoin would be result of their hard work from extensive research and possibly stressful decision making.
Bitcoin isn’t just about putting in money and then letting it grow over time which a lot of people get wrong. It is a constant process of making the right or best possible decisions
April 19, 2024, 08:04:20 AM
Our own success will definitely come if we are not to eager to see it coming at the inappropriate time, but before that, we need to build confidence in ourself, this has to do with what we already knows, achieved, and are interested in learning more from, after having this believing kind of mindset, while the next bold step expected of us is to choose an investment plan we desire to make us of, and after all this were meant, then followed success.
That's why patience and perseverance are a must for Bitcoin investors because it is not like any other investment in other industries because of its volatility and constant changes of its prices from higher to lower and mostly we all know, it's going low until bull runs after bitcoin halvings. other people cannot seem to understand that because they are not used to it and they just like to get profit quickly which not gonna come as easy as they think rather it takes time and some other occurrence like halvings and positive stuff in the crypto industry and to wait for that requires a great amount of patience because you only not dealing with those scenarios, you also need to deal with negativity surrounding it caused by hostile groups against Bitcoin.
April 19, 2024, 07:53:14 AM
DCA is the best and most simple investment plan here in crypto
April 19, 2024, 07:49:24 AM
Knowledge, self-confidence, and faith are somewhat important in investing in Bitcoin.
As I remember my early days in crypto, it was really disappointing when you didn't know what to do especially in the time of market corrections. We never know exactly how to position ourselves in different market conditions which I could say is that having knowledge is more advantageous than just guessing. We can't rely on our future and our investment in luck rather than being guided with a plan, faith with our investment, and confidence. It was useless to get into the war without proper planning, much more when it talks about money and investment.
As I remember my early days in crypto, it was really disappointing when you didn't know what to do especially in the time of market corrections. We never know exactly how to position ourselves in different market conditions which I could say is that having knowledge is more advantageous than just guessing. We can't rely on our future and our investment in luck rather than being guided with a plan, faith with our investment, and confidence. It was useless to get into the war without proper planning, much more when it talks about money and investment.
April 19, 2024, 07:41:47 AM
This is an excellent post that contains everything you need to understand that no success happens by accident. The presence of many qualities in people who successfully own Bitcoins, such as patience, endurance, and good experience, will naturally lead to success. This can be equated to any successful business, because only step by step does a person become more competent in those areas where he is trying to develop his business. If we talk about haste, then in a hurry thousands of stupid mistakes are made, and where people do not learn from mistakes, they get very bitter experiences and conclusions that only the lucky ones are lucky with Bitcoin.
April 19, 2024, 06:16:27 AM
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.
Yeah, I agree with you because there are people who sold it when price barely was some dollars and there are people who didn't sell it until it reached some 10 thousands. Luck plays its role, I can't deny that because there are some other good projects that never reached as big light as Bitcoin did but in overall, it really takes dedication and intelligence to hold Bitcoin for so long.Their profit did not come to them like airdrops without any knowledge and their own serious efforts with time.
It's not 100% true. People who were holding Bitcoins, got free Bitcoin Cash airdrops and BCH was worth $1000 back then.People say Bitcoin is too volatile but see the chart, and discover that Gold gets a correction about 40% and it needs about 10 years to have another bull run.
Bitcoin is volatile but in a good way, the price always goes UP. 
April 19, 2024, 06:07:27 AM
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. 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.
That kind of attitude is actually not good. They should not look at the existence of Bitcoin in this industry as just luck; in fact, it is a matter of choice. There are many who say that they don't know anything about bitcoin, that it is expensive, a scam, not really helpful, or that it is just for getting rich.
But that's where they make a mistake, because if you only conduct proper research, for sure you will be like others who will also see this potential in the future for you to succeed.
April 19, 2024, 05:19:36 AM
I agree that there are better and worse times to invest in Bitcoin, and that there seem to be some sort of cycles here. But with its long-term growth, I also think it's not necessary to get into details and time will set things right. For example, buying at $17k at the end of 2017 can be seen as a mistake, but if a person simply waited for 3.5 years, that's almost 4x profit right there. As for gold, it's growing much slower, so I think it's a good alternative to fiat for savings because fiat loses value over time, but not a very lucrative investment opportunity.
April 19, 2024, 04:58:37 AM
Bitcoin holders are people who know how to believe.
In this situation, faith is not a matter related to religion, but the ability to make good decisions in the face of uncertainty and chaos. Buying Bitcoin when its price was $1 is much more difficult than when its price was $50,000. When the price of Bitcoin was just $1, people had huge doubts about whether this financial asset had any future. At that time, there were certain technical difficulties with storing Bitcoin. These difficulties were insignificant for people from the IT field with a technical education, but for people in the humanities they could create significant problems.
It was faith, technical knowledge and open-mindedness that helped early investors buy and hold Bitcoin at a time when the price was still very low.
Old Bitcoin holders are an example for all of us.
In this situation, faith is not a matter related to religion, but the ability to make good decisions in the face of uncertainty and chaos. Buying Bitcoin when its price was $1 is much more difficult than when its price was $50,000. When the price of Bitcoin was just $1, people had huge doubts about whether this financial asset had any future. At that time, there were certain technical difficulties with storing Bitcoin. These difficulties were insignificant for people from the IT field with a technical education, but for people in the humanities they could create significant problems.
It was faith, technical knowledge and open-mindedness that helped early investors buy and hold Bitcoin at a time when the price was still very low.
Old Bitcoin holders are an example for all of us.
April 19, 2024, 04:33:21 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.
April 19, 2024, 03:53:33 AM
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.
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."
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.
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.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.
What kind of serious efforts are you talking about? About buying bitcoin at the first opportunity and selling it a few years later?The only effort made is to force yourself to overcome the fear (of unsuccessful investments) and invest in bitcoin, and not continue to discuss the ups and downs from the outside, like most ordinary people.
See two charts and discover a fact that intelligent investors bravely buy in bear markets, when most serious tests on their belief and mentality.
These are not brave investors, but greedy ones. Their greed overshadows their fear.People say Bitcoin is too volatile but see the chart, and discover that Gold gets a correction about 40% and it needs about 10 years to have another bull run.
Isn't bitcoin volatile? What's been going on in the last week, huh?Bitcoin and gold are often compared to each other, but I would prefer to separate them into completely different asset classes. Gold is more of a “storehouse of value”, and bitcoin a “tool for increasing value” (this is still the case for now).
Each market has its own cycle and discover powerful effects of holding your bitcoins as you can see there.
In fact, all markets are interconnected, because the same money from the world economy “spins” in them, which “flows” from market to market as in “communicating vessels”. 
April 19, 2024, 03:17:39 AM
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. 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.
They tend to follow those successful guys and try to replicate their result no matter what they do. That's why obviously this people will fall into bad schemes especially if they didn't focus to build their selves to become knowledgeable on the career or activity they do. If they could just focus on their selves and try to clap on peoples achievement then focus on their personal growth for sure profit will come to them when their knowledge or skills will help them to excel to other people.
We should never rely on luck on investing on bitcoin since its unsustainable but rather we should focus to build up some great understanding on how certain things move since this could make our move strategize then possibly get more chant to have a good result.
April 19, 2024, 02:46:17 AM
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. 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.
April 19, 2024, 02:23:55 AM
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. Some people are adamant to try something new, and even till today some people still feel that bitcoin will not survive, and they don't want to invest now. In the next 10 years, these set of people will start saying that people who bought bitcoin at 65k are very lucky. Of which it is right before them now, and they are not buying bout doubting.
April 19, 2024, 01:29:51 AM
Quote
People say Bitcoin is too volatile..
We know who .. 
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.
Brunell argues that Bitcoin is a superior investment to gold because it is:
Not controlled by any one entity: Bitcoin is a decentralized currency, not controlled by any government or bank. This makes it immune to manipulation and seizure.
A hedge against inflation: Bitcoin's supply is capped, which means that inflation cannot erode its value over time.
Easier to store and transport: Bitcoin can be easily stored in a digital wallet and transported anywhere in the world.
Schiff argues that Bitcoin is a worse investment than gold because it is:
Volatile: The price of Bitcoin has fluctuated wildly in recent years.
Not backed by any intrinsic value: Bitcoin is a digital currency that is not backed by any physical asset.
A bubble: Schiff believes that the price of Bitcoin is currently in a bubble and that it is likely to crash in the future.
The video also discusses the recent rally in the price of gold. Schiff believes that gold is a good investment because it is a safe haven asset that tends to perform well during times of economic uncertainty. Brunell acknowledges that gold has a long history of being a valuable asset, but she believes that Bitcoin is a better long-term investment.
Overall, the video is a good overview of the debate between Bitcoin and gold as investment vehicles.”
BTC>
Bitcoin is for the people while Gold is for the government until you buy from them, unfortunately for them, they can't claim the owner of Bitcoin.
A piece of land was detected by a farmer near my father's farmland and it was filled with Gold, I wish this never came out but to my surprise the rumor leaked out and just few days later the government people came and take over the land even while the farm paid fully for the land.
To me this is a day light robbery, but anyways, when a precious stone or gold is detected in a land it automatically belongs to the country, I did screamed out land saying they should try doing this same act with Bitcoin, I got angry but controlled myself later.
Every Bitcoin dip is a blessing, if people don't see it this way they don't understand what they are investing their money on, I am used to longing for a last bear market so that I can keep buying, but it gets harder to buy when the price just keeps going up and up.
April 19, 2024, 01:12:37 AM
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. 
April 19, 2024, 12:28:09 AM
Without proper knowledge and marker research, we shouldn't make any kind of investment decisions, either on Bitcoin or in real life. 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. A wrong decision would lead to losing. We have to learn a lot about Bitcoin and how it works. Otherwise, we just have to gamble. I know many lucky investors got good profits from bitcoin investments, though they don't have the proper knowledge. But we need to keep in mind that we won't be lucky like them. We would need to understand everything and struggle a lot to gain from a bitcoin investment.
Knowledge is power and nobody is advised to make any investment without first actively studying the subject of investment to get clarifications and genuine understanding. Its also worthy to note that most investments like bitcoin are timely and requires potential investors to be proactive in their study, some people have the habit of prolonging things unintentionally, fueled by their laziness, they drag their feet in the research process until they've missed out on the profits they should receive.Take for example, bitcoin which is almost in the halving period, telling some investors about the profitability of bitcoin after halving and encouraging them to buy and HODL. some investors will keep delaying with the excuse of researching on its nature until maybe many months when the prices have gone very high, which means no much profit from their investment. They can start generalizing that bitcoin investment isn't profitable, while their delayed action is the cause of their misfortune.
April 18, 2024, 11:15:30 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.
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. If anyone is being very honest we would see that these bitcoin investors were in the public telling us to buy bitcoin when it was less than a dollar. For example, Davinci Jeremie, a YouTuber made a video in those early days telling the public to buy bitcoin when it was just a dollar. They have done their due diligence and had seen that in comparison to gold which is always a great asset to have, bitcoin beats it on some many factors. First being that while gold is very easily manipulated by the government and many institutions, bitcoin is resistant to such manipulation. And that while gold has been inexistence, bitcoin which is still in its adoption phase has a better performance than it. The belief, conviction of these investors, their advocacy and willingness to take a chance on bitcoin even when it was in still its growing phase is responsible for their success and not luck.
Are you sure what you're saying? How is Bitcoin resistant to manipulation? Even its capitalization is only 1/10 of gold's capitalization, if gold can also be manipulated then bitcoin is nothing. Just one fake news about war causes bitcoin to be dumped, if that's not manipulation then what is? The smaller and unregulated the financial market is, the easier it is to be manipulated, don't stubbornly deny it.
I also do not deny that many people have high professional qualifications, they have very good vision and can somewhat predict part of the future. But that doesn't mean they don't have luck on their path to success. Even Satoshi did not dare to say with 100% certainty that bitcoin will be successful, so no one is talented enough to know what the future of bitcoin will be like. Predictions are just predictions, there will be people who predict correctly and there will be people who predict wrong. If the prediction is wrong, they will be silent, but if the prediction is correct, they will scream and start showing everyone that they are good.
Do you see anyone who dares to affirm and swear that what they say will definitely happen, or do they always say it's just speculation and not investment advice? If it's not based on luck, then what is?
April 18, 2024, 10:23:00 PM
See two charts and discover a fact that intelligent investors bravely buy in bear markets, when most serious tests on their belief and mentality.
That is not the only way to invest wisely. Many people, very rich people even do DCA and yawn while buying in the bear markets. Trying to hit the lows to buy means trying to time the market, which we know is difficult to say the least and few people succeed. But I agree with the broad outlines of what you say. Long term vision, setting a plan and not getting scared of downturns are essential to a smart investment plan.
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