Give Bitcoin investment time - page 3.

BitDane

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Quote from: adultcrypto on October 15, 2023, 11:23:25 PM

When people start up a company, they give it some years before they expect profits. Most times they even re-invest their profits to expand and build their company to the standard they desire and this requires time. Furthermore, when people buy stocks of a company or make investment in businesses, they give it time which run into years before they expect profits.

Unfortunately, when people buy Bitcoin, they expect huge profits within a short period of time. This is the source of panic and fud that is exhibited by many Bitcoin investors.

A true investor knows the time frame to profit. These people who expect huge profit within a short period of time are not accustomed to investment. They are probably newbies that were hyped to put in money and were misguided and by the person that informed them about Bitcoin.

Quote from: adultcrypto on October 15, 2023, 11:23:25 PM

While educating people about Bitcoin, I think it is wise we tell them Bitcoin need time to yield profit, let us change our approach in sharing Bitcoin knowledge so that people will not come into Bitcoin with the mindset of get-rich-quick.

It is best to tell them to do their own research and verify the information given to them so that they can't be misled by people who have little knowledge about BTC.

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Quote from: adultcrypto on October 15, 2023, 11:23:25 PM

Unfortunately, when people buy Bitcoin, they expect huge profits within a short period of time. This is the source of panic and fud that is exhibited by many Bitcoin investors.

Actually, why many people hope to be able to double their capital quickly when investing in Bitcoin compared to other investments is one of the reasons for the hype of Bitcoin. Just look, in my opinion, there is nothing as hype as Bitcoin for investment matters. In this case, when you come across something that is very hyped at times, especially the hype is extraordinary, without being based on good knowledge, then we just focus on the results. Without having to understand and want to know how the process works. Their desire to quickly get high profits in Bitcoin is real and their patience is that thin. Moreover, the mentality of investing in Bitcoin also plays into it. When it comes to other investments, the price is not that volatile, but Bitcoin, we know how it fluctuates.

CoinFoxs

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Quote from: Pandji02 on October 16, 2023, 12:43:30 AM

I think everyone here already knows that. I think it's more important not to push people into Bitcoin. If they are interested themselves - you can tell them everything you think you should. But just doing that from nothing is kinda pointless.

Everyone knows about the importance of bitcoin they all need to know the basics of trading and only seasoned traders can guide them as they have the knowledge of the market. They know which coins are good for investments and which are not. We have to guide them first then they will do trading on their own!

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Quote from: TheUltraElite on October 19, 2023, 11:41:58 AM

Investment needs time to yield the profit. However there are some fundamental differences between crypto and non-crypto assets which should be carefully understood before buying any from the investors point of view.

All the activities we want to do require time to achieve success both in investing in bitcoin and real estate. This is an important mindset that must be put into your head before trading. Without patience, most of the decisions we make are wrong and ultimately end in losses.

Quote

Patience is something of a virtue here, you cant hope to make money from bitcoin just by buying a lot today. It will cycle through bear and bull and then you sell it to get the profit. Haste will lead to waste here and the altcoins shining out as methods to quickly get rich are horrible choices often taken by newbies and gullible people.

Patience is the main key in investing both short and long term in both Bitcoin and Altcoins. Of course, Bitcoin has been proven to be a long-term investment. This is proven if you look at the history of Bitcoin's journey from time to time. So if you invest in Bitcoin, the key is just patience, so you will get profits in the future.

In my opinion, altcoins are an uncertainty, you can only guess. It is true that there are those who make a profit very quickly, but there are also those who will end up losing very quickly too, except for the top 10 altcoin. But even then there is no guarantee and it will actually make us lose like Luna coin, that is the weakness of trading or investing from altcoins.

GiftedMAN

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Quote from: TheUltraElite on October 19, 2023, 11:41:58 AM

Investment needs time to yield the profit. However there are some fundamental differences between crypto and non-crypto assets which should be carefully understood before buying any from the investors point of view.

Patience is something of a virtue here, you cant hope to make money from bitcoin just by buying a lot today. It will cycle through bear and bull and then you sell it to get the profit. Haste will lead to waste here and the altcoins shining out as methods to quickly get rich are horrible choices often taken by newbies and gullible people.

It is obvious that not everyone that think thag Bitcoin investment need to take a lot of time. Those that had been in the crypto market knows that to get rich in the market, there should be enough to dedicate for the investment to grow and bring forth fruits. Those that rush to get profits from Bitcoin investment are the ones that will still come back to complain about not making profits from the market. We need to give our investment enough time for it to grow and germinate if not, we'll be running around to improve it without knowing that we are the major problem why we are not seeing any profits.

Tuturtinular

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Quote from: TheUltraElite on October 19, 2023, 11:41:58 AM

Investment needs time to yield the profit. However there are some fundamental differences between crypto and non-crypto assets which should be carefully understood before buying any from the investors point of view.

Patience is something of a virtue here, you cant hope to make money from bitcoin just by buying a lot today. It will cycle through bear and bull and then you sell it to get the profit. Haste will lead to waste here and the altcoins shining out as methods to quickly get rich are horrible choices often taken by newbies and gullible people.

Yes, all investments require time for the investment value to become more expensive. However, in bitcoin the time required can vary, if we are lucky then the price of bitcoin can rise very quickly within a few months, if not then wait 4 years then usually the price of bitcoin will rise.

I think altcoins have good potential, altcoins can rise very high or fall to the bottom of the abyss. Altcoins do have huge risks but their prices can rise tens of times, so the risk is worth it. I think choosing bitcoin or altcoin to trade is every individual's choice

TheUltraElite

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So anyway, I applied as a merit source :)

Investment needs time to yield the profit. However there are some fundamental differences between crypto and non-crypto assets which should be carefully understood before buying any from the investors point of view.

Patience is something of a virtue here, you cant hope to make money from bitcoin just by buying a lot today. It will cycle through bear and bull and then you sell it to get the profit. Haste will lead to waste here and the altcoins shining out as methods to quickly get rich are horrible choices often taken by newbies and gullible people.

Synonyms

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Quote from: Out of mind on October 19, 2023, 09:50:55 AM

I think people expect quick profit from bitcoin only because they can get rich in short time by investing in bitcoin. These moments of their greed work against their learning about Bitcoin, and they only expect quick profits, but don't take the time to understand Bitcoin. People don't think long time to understand Bitcoin, but they think about how to gain and profit in short time. This is done only by people who are not knowledgeable and not very knowledgeable about Bitcoin, they are just bent on making a profit. Investing in bitcoins should never be fickle but wait patiently for a long period of time to expect profit. However, it is true that if people want to earn from Bitcoin and get more profit, they must wait patiently for a long time.

It is not entirely true that investing in bitcoins gives very fast profits.Investing definitely requires patience and experience.There are many people who over invest and sometimes they lose a lot.I think now is the right time to invest in Bitcoin because the price of Bitcoin will drop a lot when Bitcoin halving starts, so if you buy Bitcoin at that moment, when the price increases, you will definitely profit.If one really wants to make a profit by investing in Bitcoin then he must be patient and gradually gain experience as he invests.

Mr.right85

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Quote from: adultcrypto on October 15, 2023, 11:23:25 PM

Unfortunately, when people buy Bitcoin, they expect huge profits within a short period of time. This is the source of panic and fud that is exhibited by many Bitcoin investors.

This is the bases why many don’t approach it with an investment mindset although, they come to the field with the mind that, they are out to take up some Bitcoin investment and still, don’t wish to give it the time it needs because the idea has long been rooted in having to make a whole lot of money from Bitcoin and transfer the profit into other forms of business.

When the money they hope to get isn’t coming in at the designated time, they begin to panic especially when the market starts dumping. Then, you can find them running out and selling at a lose. Something I like to see non the less so, we don’t have those that just wants to take and don’t really give a cent about the technology they are exploiting.

Out of mind

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Quote from: Y3shot on October 19, 2023, 06:46:49 AM

Quote from: Rupok on October 19, 2023, 01:28:54 AM

People think it is easy to make profit from Bitcoin, you are right they invest in other platforms never expect to profit so fast. But only by investing in Bitcoin they expect quick profit. But they don't know that enough time is required to earn profit from Bitcoin. Most of the investors in the trading sector are impatient because they are always worried about the profit. Bitcoin is not an investment for the impatient.People who don't understand anything about Bitcoin and lack of education about Bitcoin face the risk of investing on the impulse of others.

The reason why people thinks they can get profits so fast from bitcoin investment is because they do not understand bitcoin, they don't give their time to understand how bitcoin works. Someone with the right sense and understanding of bitcoin knows it is a longtime investment. It is only those who are so desperate and ignorant would think bitcoin is a way to make profit in a short time constantly. Their has been no time people invest in Bitcoin and make profits so quick the way people always expect it. Making profits from Bitcoin can't be predicted which people don't need to be in a rush to make money, good profit can only be gained by being patience.

I think people expect quick profit from bitcoin only because they can get rich in short time by investing in bitcoin. These moments of their greed work against their learning about Bitcoin, and they only expect quick profits, but don't take the time to understand Bitcoin. People don't think long time to understand Bitcoin, but they think about how to gain and profit in short time. This is done only by people who are not knowledgeable and not very knowledgeable about Bitcoin, they are just bent on making a profit. Investing in bitcoins should never be fickle but wait patiently for a long period of time to expect profit. However, it is true that if people want to earn from Bitcoin and get more profit, they must wait patiently for a long time.

SmartCharpa

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Quote from: adultcrypto on October 15, 2023, 11:23:25 PM

When people start up a company, they give it some years before they expect profits. Most times they even re-invest their profits to expand and build their company to the standard they desire and this requires time. Furthermore, when people buy stocks of a company or make investment in businesses, they give it time which run into years before they expect profits.

Unfortunately, when people buy Bitcoin, they expect huge profits within a short period of time. This is the source of panic and fud that is exhibited by many Bitcoin investors.

While educating people about Bitcoin, I think it is wise we tell them Bitcoin need time to yield profit, let us change our approach in sharing Bitcoin knowledge so that people will not come into Bitcoin with the mindset of get-rich-quick.

You're correct, OP That is all we need to know in order to succeed in life. Those who lack patient will never succeed because good things take time and are never accomplished quickly. As you stated, a business cannot open its doors and expect to make a large profit the same year. Instead, it must first set high standards before things can proceed as expected. At that point, patient is required in order for the business to continue operating. Otherwise, we would be unable to see progress in the company.

Likewise, the same thing applies to investing in bitcoin. When you start investing for a year without telling anyone, when you make a significant profit from your long-term investment, if people around you notice some changes in your life they will want to start investing as well, but what we have over each other in life is that patient not all of us can leave our money in investment from a year some people will be thinking that risk is too long to take for them and you want to be successful. We must be patient, work hard today, and appreciate our hard work tomorrow while investing in any financial institution, not just bitcoin. Some people view even a monthly investment as too long.

Blitzboy

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Quote from: KiaKia on October 19, 2023, 03:52:59 AM

Bitcoin is not for everyone, if you need money fast to rescue yourself from financial difficulties Bitcoin isn't the answer, you need a job and start making some income every month, do not come near Bitcoin if you don't have a job unless you aren't a man with some responsibility

I was able to survive the faucets and raindrop journey in my parents house because I was been feed by them everytime, I was not lacking a lot and all I have in mind is to build a strong foundation with Bitcoin, I was able to do it successfully because of my parents help and I am glad it paid off very well.

If you already have a family to look after, a wife or a husband, what you need isn't Bitcoin because its a long journey to start making money off Bitcoin, what you need is a job or start up a business, investments are only good when you are able to take money out of your salary and put it into Bitcoin or other assets.

Today everyone is looking for a fast money grab, Bitcoin isn't going to provide that, it's a long term way of making money, most people don't have patience with investment because they are doing it wrong.

Your first argument is significant: Bitcoin is not a quick fix for financial problems. Indeed, a constant work or income source is essential for immediate financial stability. However, Bitcoin is often seen as a short-term solution to long-term issues. Bitcoin is a long-term, strategic investment, as shown by your trip, parents' support, and foundation. Bitcoin, like investments, requires patience, which many people lack or misunderstand.

Your second point hits home. The temptation of 'quick money' has misled many. Bitcoin and other investments arent about instant gratification. They're about forethought, long-term planning, and financial security to save for future rewards. Its sad that many think 'get-rich-quick'. Investors must comprehend their nature, and you seem to have.

Y3shot

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Quote from: Rupok on October 19, 2023, 01:28:54 AM

People think it is easy to make profit from Bitcoin, you are right they invest in other platforms never expect to profit so fast. But only by investing in Bitcoin they expect quick profit. But they don't know that enough time is required to earn profit from Bitcoin. Most of the investors in the trading sector are impatient because they are always worried about the profit. Bitcoin is not an investment for the impatient.People who don't understand anything about Bitcoin and lack of education about Bitcoin face the risk of investing on the impulse of others.

The reason why people thinks they can get profits so fast from bitcoin investment is because they do not understand bitcoin, they don't give their time to understand how bitcoin works. Someone with the right sense and understanding of bitcoin knows it is a longtime investment. It is only those who are so desperate and ignorant would think bitcoin is a way to make profit in a short time constantly. Their has been no time people invest in Bitcoin and make profits so quick the way people always expect it. Making profits from Bitcoin can't be predicted which people don't need to be in a rush to make money, good profit can only be gained by being patience.

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Quote from: KiaKia on October 19, 2023, 03:52:59 AM

Bitcoin is not for everyone, if you need money fast to rescue yourself from financial difficulties Bitcoin isn't the answer, you need a job and start making some income every month, do not come near Bitcoin if you don't have a job unless you aren't a man with some responsibility

Bitcoin is for everyone but not everyone is willing or able to accept it, but if one day they have better conditions then they can come back at any time, bitcoin always welcomes them. But don't consider investing or trading bitcoin as our main source of income, if we have economic difficulties then work and employment are what we need.

Quote from: KiaKia on October 19, 2023, 03:52:59 AM

I was able to survive the faucets and raindrop journey in my parents house because I was been feed by them everytime, I was not lacking a lot and all I have in mind is to build a strong foundation with Bitcoin, I was able to do it successfully because of my parents help and I am glad it paid off very well.

If you already have a family to look after, a wife or a husband, what you need isn't Bitcoin because its a long journey to start making money off Bitcoin, what you need is a job or start up a business, investments are only good when you are able to take money out of your salary and put it into Bitcoin or other assets.

I do not agree with this because I am a married person with 2 children. My life is even better thanks to investing in bitcoin instead of my main job, even though bitcoin is not my main source of income. Having a family or not is not the problem, the problem is that if you have a good bitcoin investment plan, everything will be fine.

Quote from: KiaKia on October 19, 2023, 03:52:59 AM

Today everyone is looking for a fast money grab, Bitcoin isn't going to provide that, it's a long term way of making money, most people don't have patience with investment because they are doing it wrong.

Bitcoin cannot bring you daily or monthly income for you to serve your family. But compared to other investments like real estate or gold, bitcoin is a get-rich-quick investment compared to the other two.

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Quote from: tbct_mt2 on October 18, 2023, 08:21:21 AM

Quote from: DabsPoorVersion on October 18, 2023, 06:16:45 AM

The same thing applies to me. I'd rather keep my invested Bitcoin to a wallet that is on my care, making it grow through staking that offers a small amount of interest is not really worth the risk.

Not your keys, not your coins.
Staking your coins on any platform is unofficially losing your coins to that platform operators.

Holding your coins in non custodial wallet and only you hold its private key is a safe practice. I don't see convincing reason to stake my coins anywhere to get low APY but if it gives me high APY, that is abnormal and I smell risk of scam or Ponzi.

I agree that type of thinking and people who are not veterans should be a lot more careful but personally I do not really deal with that. I can't really bother with "not your keys not your coins" at this stage of my life, ı trust Binance more than I trust myself at this point, plus I have connection to my account anywhere in the world and do not have to carry anything. I am at a different IP? They want to ask something? I know my google auth, my mail, my password and I have an image of myself anytime they want to ask that, with my ID as well.

So all in all, it is going to be something easy and doesn't really bother me. I get that you may not like that, and there are a lot of people who do not like that type of thinking, but even the biggest companies are doing that, you think places like microstrategy put in that much money and put it on some cold wallet? Of course not, they use companies like coinbase to store their wealth there and they are protected in that sense.

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Quote from: adultcrypto on October 15, 2023, 11:23:25 PM

...Unfortunately, when people buy Bitcoin, they expect huge profits within a short period of time. This is the source of panic and fud that is exhibited by many Bitcoin investors.

Not as always based on your statement people who made a good run of cashflow from the other assets made a profit but other than the bitcoin, they already made a good knowledge in investment so its not as easy as that they make an investment in bitcoin and then lose all of that possible income they made, they are experienced investor, and know what the strategy they will make to gain profit here too in crypto.

Quote from: KiaKia on October 19, 2023, 03:52:59 AM

...Today everyone is looking for a fast money grab, Bitcoin isn't going to provide that, it's a long term way of making money, most people don't have patience with investment because they are doing it wrong.

If people want an easy money bitcoin i not for them only who has the capability to make an investment only can get on the ride with the market volatility, and to the new comers stop thinking that as always bitcoin or the crypto will save you for your financial freedom without having a good understanding of it.

KiaKia

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Bitcoin is not for everyone, if you need money fast to rescue yourself from financial difficulties Bitcoin isn't the answer, you need a job and start making some income every month, do not come near Bitcoin if you don't have a job unless you aren't a man with some responsibility

I was able to survive the faucets and raindrop journey in my parents house because I was been feed by them everytime, I was not lacking a lot and all I have in mind is to build a strong foundation with Bitcoin, I was able to do it successfully because of my parents help and I am glad it paid off very well.

If you already have a family to look after, a wife or a husband, what you need isn't Bitcoin because its a long journey to start making money off Bitcoin, what you need is a job or start up a business, investments are only good when you are able to take money out of your salary and put it into Bitcoin or other assets.

Today everyone is looking for a fast money grab, Bitcoin isn't going to provide that, it's a long term way of making money, most people don't have patience with investment because they are doing it wrong.

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Quote from: Bitcoin_people on October 19, 2023, 02:53:59 AM

When people take the initiative to create a business or a company, there is definitely a need for time. Moreover, if he is to advance in the field of business, he must take a lot of time and time is of the utmost importance. No trader can bring profit in a short period of time rather any action taken takes a long time to be successful. That's why I think it would be completely foolish to invest in Bitcoin and expect to make a profit within a short period of time. Because investing in bitcoins must be patient and wait for a long period of time but it will be possible to make a profit. However, an investor should be most aware of the fact that investing in bitcoins will not make you rich in a short period of time. To get rich by investing in bitcoins, only those who have to wait long until the bitcoin market changes will be successful.

You're right, everyone knows that making money from business or any job is not easy and takes a lot of time. Even though we are salaried workers, we still have to work hard for 26 to 30 days to receive our small salary. So why might we think that bitcoin can help us get rich quickly? If that were true, would it still be available to us? Bitcoin is like any other investment or business, everything requires knowledge, skills and time to conquer it. No success is easily achieved without paying a price.

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Quote from: DabsPoorVersion on October 18, 2023, 06:16:45 AM

Quote from: Marvell1 on October 18, 2023, 05:54:13 AM

Quote from: bettercrypto on October 17, 2023, 06:45:10 PM

Quote from: adultcrypto on October 15, 2023, 11:23:25 PM

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Now, if you have Bitcoin in your balance address and are waiting for the halving or bull season, it might not be a terrible idea to put it into staking or farming so that you can earn right immediately, right? as long as the platform is still DYOR.

I consider this the worst idea because to be able to stake or farm to increase the number of bitcoins, you need to give your bitcoins to centralized platforms and that is too risky. Instead of looking to increase your bitcoin by taking such a big risk, why don't you work hard and save more to buy bitcoin? Halving is approaching, price increase season is approaching, don't face too big a risk in return for a small profit. Hold onto your bitcoins in a non-custodial wallet and wait for the bull season to arrive.

The same thing applies to me. I'd rather keep my invested Bitcoin to a wallet that is on my care, making it grow through staking that offers a small amount of interest is not really worth the risk. DCA, the only thing to do while waiting for the halving and until it shows an effect, just do DCA. Instead of taking a risk to earn bitcoin by staking, make it grow by adding your investment every month.

Until the price of bitcoin is still stable, starting to do DCA right now is a great idea. A year or more, the outcome of that investment will show an unexpected result. Just be patient and take the opportunity to invest as much as you can.

You should continue to accumulate or DCA if you have money left, do it until the real bull season comes, but in case you don't have any money left to continue your DCA strategy, hold your bitcoins in a non-custodial wallet. Don't put your bitcoins at risk just to make a small profit on centralized platforms. Why have many people still not learned any lessons after the FTX incident or leading lending platforms like BlockFi, Celsius Network...? The risk is that we will lose everything while the profit is not even 10% per year, it is really not worth the risk.

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When people take the initiative to create a business or a company, there is definitely a need for time. Moreover, if he is to advance in the field of business, he must take a lot of time and time is of the utmost importance. No trader can bring profit in a short period of time rather any action taken takes a long time to be successful. That's why I think it would be completely foolish to invest in Bitcoin and expect to make a profit within a short period of time. Because investing in bitcoins must be patient and wait for a long period of time but it will be possible to make a profit. However, an investor should be most aware of the fact that investing in bitcoins will not make you rich in a short period of time. To get rich by investing in bitcoins, only those who have to wait long until the bitcoin market changes will be successful.

Topic: Give Bitcoin investment time - page 3. (Read 897 times)