Topic: Give Bitcoin investment time - page 7. (Read 836 times)

I don't know where it comes from but people who expect fast returns are better off investing in scams. Imagine having fast returns in a short time, that is too good to be true. If you are able to find something like that, it's just really a gem.

It takes time to make an investment grow and you need to really make it do anything. We need to have that delay in gratification to have a better reward.

So it would be very good before starting to invest, it is necessary to have an understanding of investing in Bitcoin, don't just look at the media news because you could make a wrong decision, but it is necessary for them to directly ask those who have experience in the field of investing in Bitcoin. If they do it only based on knowledge of the media, there will be very little chance of surviving the investment they make and there is a very big possibility of losing the investment they make.

Sometimes I don’t blame people panicking due to how the market moves because some people today lack early orientation and some needful things they need to know before investing, so I also blame people who carry this kind of person or advice this kind of person to invest in bitcoin. However, some people are due to greed or unable to have control over their emotions; they don’t have that emotion that if they see their money going the other way, they always think they won’t make it in the industry, which is wrong.

This people need to understand that bitcoin investment is not something you will just do and get your money back with profit within a month or week. We investors need to exercise patience because, naturally, that's how it works. If some one feels they cannot cope with the market or is unable to hold their emotions from panicking, then definitely this kind of person will lose their investment. To avoid panicking, we should invest the amount we can afford to lose so that once we invest, we can live it there for however long it takes to get our money back with profit.


Any new investor you see without patience or complaining is not because of the market; in my opinion, it is because of the emotion or lack of appropriate knowledge. If you are not an investor who knows what he or she is doing and has invested the amount he or she is supposed to have, there will be no problem with his or her investment because they know that even if it takes time, they will get profit from their investment, so in my opinion, even if you are a new investor, you don't need to panic because of market moves because you are supposed to be aware of that.


You have a point here, mate.
Someone cannot invest a large amount of money in bitcoin, expecting a huge profit. In short, that is what some newcomers do; they think investing big will quickly boost their profit, which is wrong.

However, even if there are other coins that are good for investment, I will not say newcomers should go and invest there, as you have already indicated that new investors panic after the market goes another way. What do you think will be their reaction if another coin crashes or the market doesn’t favour them? So the only coin that is good for new investors is BTC.

That's because they see how it performed in the past and with its nature of being volatile, that makes them crave more to see it move faster than what's expected. Comparing an asset or stock to a business or company or a start up, there could be something in common but they're entirely different if it's about the whole thing. And talking about the returns, it's true that all of them takes time before you see them grow and that's the same for Bitcoin. Although its volatility makes it move faster, you'll still need to be patient and wait until some factors move its price from wherever it is right now to a better place.

The fault is not only of the investor. There are many other elements involved like media, general perception, whales and other things. Like media has created lot of hype around bitcoin. When bitcoin price increases and reaches mark like 20k , 30k and so on, it is all over the news. Thus the new investors who come are there with the hope that it will reach next mark soon and they will be in profit. But this type of thinking will result in huge losses most of the times.

It cannot be denied that currently there are still many beginners who have thoughts like this (get rich quickly) when entering the realm of bitcoin investment. Because most likely, they invested in bitcoin because they saw other people (bitcoin investors) making profits and success. So beginners who are interested in Bitcoin and only have a cursory thought will definitely dive straight into Bitcoin investment. But the beginner's mistake is forgetting the important points and not looking at the process. So they only look at the end point. For this reason, many new investors are born who have this get-rich-quick mindset.

For fellow bitcoin investors, especially since we have joined the BTT forum, it is natural that we have to educate each other and share experiences with members of this forum. Especially for beginners, in my opinion it is really necessary to provide education regarding bitcoin investment. Because after all, if we have knowledge, then we must be able to use it well. The point is, don't be stingy with knowledge, because sharing knowledge will not make us lose money.

And even outside of this forum, I think we should remain generous when it comes to Bitcoin knowledge. But even so, for me personally there are conditions, so the point is you have to ask me first. Because personally, I don't want to bluntly give someone insight into Bitcoin without that person asking for it first.
Because usually if I speak first, I have the experience of being simply ignored. So that's why I have such principles.

You're wrong for generalizing every people will give it a time when they start a business and buy a stock.

There are many businessmen don't mind to stop their business after few months or year when they feel they're not making any profit, same like people who buy a stock, they will watch the chart and sell it after it rise for few %.

People who buy Bitcoin is same, some sell it quickly and some sell it after next few years.

Yes, it must take time to make money without betting. For those who are new to crypto, their patience is very low. So if he has invested in Bitcoin then the probability of loss is less and more. As far as I know Bitcoin has been around for a long time. Those who can practice for a long time will get good profit. If the amount you invest is due to lack of patience, you will end up losing a lot. So think carefully before investing, although the risk in investing in Bitcoin is very low. Moreover, there are many other coins that are good to invest in.

I don't think any person should force someone to start investing on bitcoin without the person having any knowledge about bitcoin. I think this is where the problem is coming from , most people lack the knowledge about bitcoin and they just start investing or sometimes most people don't have a guide to guide them about bitcoin investment. The first thing someone will know about bitcoin investment before investing is bitcoin is not a scheme you go in and make money quick but rather beening patient and investing properly, that should be the first thing a bitcoin investor should know.
I see some comments saying. Secondly before investing on bitcoin the person is not suppose to be depending only on bitcoin. Bitcoin can't be your only investment.

Every feature of bitcoin requires time. Transaction confirmation takes about 10 minutes. Halving, 4years. Mining difficulty, 2 weeks. Hence investment time should be in place if we'll want to earn enough profits in bitcoin. Although the time is not constant like the ones I listed above. Most of the investors today, are looking for quick profits. They see bitcoin as gambling. Some rush to day trade, for fast return. Doing such things, makes investors to think bitcoin isn't profitable. But one good thing on bitcoin is allowing it enough time to effect changes. The volatility of bitcoin can only be combated with time. Those investors who didn't wait, may be regretting today. It's important to see bitcoin as we see other activities in life. Even it took us many years before we were able to read and write. Nobody began talking the day he was birthed. Same is applicable to bitcoin. The growth of bitcoin will bring lots of changes to it. And the investors who held for sometimes will be able to earn huge too, according to the increase in the amount of bitcoin price. A time is also set up, when all the bitcoin will be mined. The time for every transaction is also recorded in the ledger. The blockchain revolves around time, so we can track exactly when a transaction was sent. No need being in a hurry about bitcoin investment. What matters is staying patient and following the trend on bitcoin. Knowing our next move is also crucial as investors.

I agree that the whole details be shared when talking to someone on the benefits of bitcoins so that they do not get the half information. When you tell someone that bitcoin is good for investment because of its volatility, if you do not go further to add clarity, the person can also take the information to mean that because bitcoin is very volatile, that they can make profit from it in a very short time, and they are not wrong to think that way.

Always add clarity to any information you give about bitcoin, so you are not misinterpreted.

Most individuals investing into Bitcoin think they'll get rich after few weeks of investing in Bitcoin because they see others getting rich but they didn't know how long those individual have been holding. After investing in Bitcoin, we have to give it time so when we're selling we can get big profits. If anybody wants to start making profits after investing in Bitcoin then they should trade as they can create more opportunities to make money if they make a correct prediction.

When we invest in Bitcoin during the bear market then we can make profits in the bull market. All the individuals that are making big profits are long term investors therefore if we want to make the same profits then we need to change our perspective about the market by not thinking it's a quick rich business.

That is for people who might not know much about Bitcoin or heard about it from the wrong sources. Many people are drawn to Bitcoin because they think they can get rich quickly, but that's not true. You might come across online courses that promise to teach you how to make money with Bitcoin every day, but it's not that easy, especially if you're not an expert. If you're talking to someone about Bitcoin, it's important to tell them that it's not a quick way to get rich, and it takes time to make a profit when you invest in it.

They are unsure about future of Bitcoin and they did not know how strong Bitcoin has been after going through three past halvings and many attacks "Bitcoin is dead".

So far, Bitcoin has been still alive, not dead so what can not kill Bitcoin, actually make it stronger.
https://99bitcoins.com/bitcoin-obituaries/
https://buybitcoinworldwide.com/bitcoin-is-dead/

Education is important but it is not enough but people need time and experience to control themselves better. When they have more experience, they will likely become stronger Bitcoin believers and sure with better knowledge about Bitcoin history and failed attacks against Bitcoin. So their hands will be stronger and won't feel panic with market fud.

If we recognize the characteristics of BTC well and are able to take advantage of opportunities from its price movements, I don't think it's a problem to use BTC as a quick money multiplier. But remember, this can be done by people who really know about BTC and its price movements, pro traders who have good analysis. However, the mistake is that many people are tempted by the results of traders who are able to take advantage of BTC price movements and people with minimal analysis experience, even newbies, jump in and try their luck. Unfortunately, they don't get profits but losses.

Inpatient is not thing that most people who come into crypto do have, and that’s what usually makes them to be thinking that if they invest in bitcoin today they expect profit very fast without knowing the fact that it took time for it to get where it is today and price don’t just move the way they expect it to move.

Sometimes the reason why most newbies don’t have patient is as result of what they have had about bitcoin and how people praise bitcoin how it has change their life in a short period of time, so they enter the market with that same mindset thinking everything will work out just fast as they think it does. Newbies  not having proper information is what usually make them think that way and they need to learn how bitcoin works so that they can’t stop being in a hurry all the time.

I couldn't agree more. It's like people are caught up in this instant gratification frenzy. Building a business or investing, whether in stocks or Bitcoin, it's all about patience. The get-rich-quick mindset is a recipe for panic and disappointment. We need a reality check here, folks!

Bitcoin cannot be fully compared to running a company in the real world. In traditional business, you need stability in your income to be confident about the future success of your enterprise. However, when it comes to Bitcoin, it's more like riding a roller coaster. You experience both bullish and bearish seasons, yet you still have to hold, with the goal of selling your Bitcoin at a certain high price. If this kind of roller coaster ride were to happen to your company, it wouldn't be a good sign; businesses are at risk of going bankrupt under such conditions.

But why is it that most people were not ready to follow the normal procedures and get the desired results, people are being desperate to have the outcome of what they have invested on immediately, inpatient and greed causes this from those who are willing to make an Investment but without doing the right thing.


When people rush into making an investment about bitcoin, they will lack the resistant to how they can avoid loosing their investment to hack or scam, this means that they are having little or zero knowledge about it, things like this causes FOMO amidst rush hour investors.

Exactly! People thinks they will become rich overnight after investing in Bitcoins. But the reality is that Bitcoins are like any other investments, with some additional features. Here also the risk of loss remains same and it takes time to get good profits. If you don’t have patience, then Bitcoins are not for you. Give time to Bitcoins and it will surely give back profits. Bitcoins are for long term investments, atleast for 4 years. Don’t expect any good profits before that.