Topic: Focus on knowledge, build up belief, then investment plan, success will come. - page 3. (Read 546 times)

I highlighted the line above because I think you nailed it.
That's right, we should have this fate and of course, a deep narrow research to know what you invested.
People should learn that investing in crypto shouldn't be a quick scheme or it's not a quick fix, rather, it's a long-term commitment that requires perseverance and foresight.

All investments require knowledge and skills, even in a business, you should master that field before putting your money as an investment.
I remember one of the investment influencers said, "it's a journey that rewards those who tread wisely and diligently".

True, what is required in BTC is active participation and starting early, if you see the issue there will be a big correction before the halving and it will go up it is also normal for those who are already advanced. Indeed, if it is not familiar or familiar, there are fears of a decrease in investment value due to market volatility, but I just think simply that investing in BTC does not need to be technical once, it's just that what needs to be maintained is to store seeds well so that they are safe for time.

Yes, I believe that each market has its own cycle. Each market also has its own conditions and features, each of which differs from the other, and the investor must understand any market in depth before investing, whether in Bitcoin, gold, or any other investment.

As for luck, it may be a game of luck with some of the few people who bought in the beginning simply because they like to buy new and strange things, but for most of those who achieved large profits in Bitcoin, this did not happen by chance or luck only, but rather as a result of deep research and study of the market and knowledge of the best times to buy and hold.

There are many who started their Bitcoin experience with doubts. Even a number of strong Bitcoin advocates today didn't love Bitcoin at first sight. First impression doesn't last. They not only doubted Bitcoin, they thought or even concluded that Bitcoin is a scam, a Ponzi, just another internet creation, just one of those short-lived innovations, and so on.

Only after sitting down, spending long hours understanding it, would a person start to take Bitcoin a bit more seriously. And then you go down lower and lower down into the rabbit hole and that's when you invest and hodl. And you would be less bothered by the temporary rise and fall of the price believing that it has a bright future ahead.

But understand the actual point. I don’t think they say it because of jealously, it’s just the truth. Gold is also volatile, but you can’t compare it to Bitcoin in such context. Imagine how much Bitcoin flew this year, meanwhile Gold is taking it slow and steady. There are people who don’t like Bitcoin because of spontaneous price movements. Because in actual sense, if it can go up so fast, it CAN come down even faster. And certain people who don’t like the thought of that rather prefer to invest in assets like Gold.

You're right but that's also true for gold and other investments out there, you don't know if they're going to make you the money or not because it's difficult to predict anything anyway, I think what they mean by bitcoin being volatile is that it can't be controlled by other people and that they've got a difficult time on how they do it.

I don't get the people that are being jealous about bitcoin making profit for those that are investing on it, what did bitcoin do to you to generate or cultivate this animosity that you've got against those who invest them? It's really weird that people are like this, I guess those are the people that never got in too early in bitcoin and they think that it's too late for them and so they try their best to pull down people with them to the pit of despair that they're into. At this point, I don't think it's not worth our time to compare gold and bitcoin in terms of value because it's just so different and the freedom that we've got in bitcoin compared to gold is just too much that it's a disrespectful imho that we still compare it to gold.

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.

But by volatile, what people mean is that it is unpredictable. And actually, it is (to some extent). For example we can see how Bitcoin went down to $60k in a very short time, that’s what they’re pointing at. However with Gold, the volatility isn’t that much so you can’t just see such sudden decrease (or increase) in value. Both of them are unique in their own ways. People who don’t want to take the risk with Bitcoin may want to settle with Gold.

The most important thing is to have fate on whatever investment they are making, what most investors does is that they won't care to exercise patient and then read positive news about their holding assets. Anyone who has been in Bitcoin space should be able to know that bitcoin is not a short time investment rather it will take years to get stronger and waxed greatly. So those investors who has foresight about bitcoin still have the strong belief that the price isn't gonna end in the current price level therefore they always looks for a way to keep accumulating as the year comes and passes bye wherefore, as they are giving their testimonies you would feels so jealous and jumped into investment without making adequate research.

I am sure many of those people deep down understand that early adopters and even people that bought their bitcoin before the price got so high did not got lucky, however they cannot really admit that we are smarter than they are, even if it is just on this aspect alone, because that will mean that they are not as smart as they think they are, so their way to cope with this is by disregarding the success of others and attribute it to just being on the right place at the right time.

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. 

In my early days, I read several documentaries and news about the volatility of Bitcoin; what I learnt was how skeptical most people were... ain't gonna lie, this Somehow made me retract - until the worst happened when I decided to HODL for the first time...
First of all, I made a wrong choice of wallet...Imagine HODLing some coins - out of doubtfulness and DES-peration - in a centralized exchange!
I enjoyed the last few weeks of the bull market and boooomm, everything reduced in half! What a terrible way to start..and yes, I bought and HODLed during the bull market.
Edit: I've learnt alot ever since I joined the forum, honestly  
Edit 2: I can say, that's the ugliest decisions I made way back.

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.

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>

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.

In this thread, I simply give you two charts of Bitcoin and Gold.

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.

See two charts and discover a fact that intelligent investors bravely buy in bear markets, when most serious tests on their belief and mentality. Price did not hold if there are not strong believers and investors. It's not luckiness for Bitcoin, Gold and their investors to hold price in bear markets and tested in many bear markets in history. Their cycles can be longer or shorter but you can see how psychology of market cycle works.

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.

Each market has its own cycle and discover powerful effects of holding your bitcoins as you can see there.

• Bitcoin market is like other markets, has its cycle. Focus on its cycle!
• HODL bitcoins, you can do it! Look at HODL camp map to build up strong hands

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• Choose All to zoom out these charts
• Coindesk Bitcoin Price Index
• Gold continuous contract