Before I invest in Bitcoin, what I need to know and learn is that Bitcoin is a very profitable long-term investment and also without any obstacles as long as it is intended for the long term and forget and ignore negative news that affects the price of Bitcoin. Because whatever happens in the end the price of Bitcoin will recover or rise again. So so far I have not felt any obstacles because I have instilled the belief that in the future Bitcoin will give me great benefits, and make Bitcoin my routine to always set aside a small portion of my money to buy Bitcoin and consider it as something ordinary.
And maybe for people who are new to investing in Bitcoin, they will definitely experience obstacles or obstacles, especially for those who do not have experience and knowledge in Bitcoin. Especially they do not know the traces and negative or positive things that affect the price of Bitcoin, which indeed these things will definitely repeat or happen, but in the end it will go up again. And this is what they have to think about that Bitcoin is a good long-term investment.
Topic: Hiccups that can occur during Bitcoin investments. - page 3. (Read 403 times)
Nope, as long as you know what you're doing then no such thing happens. I've been investing in Bitcoin from a long time and I never faced any kind of fear or hiccups, I'm also a trader and I do trade on daily to weekly basis and so far the experience has been good for me.
Those people who aren't well aware about Bitcoin or lack technical knowledge to protect their Bitcoin and other crypto assets might have those hiccups but not everyone.
Those people who aren't well aware about Bitcoin or lack technical knowledge to protect their Bitcoin and other crypto assets might have those hiccups but not everyone.
You're exaggerating, aren't you? You "never" experienced "any kind of fear or hiccups"? In all your years with Bitcoin? I'm not sure, but you're probably either forgetting or lying. In the first place, fear comes with unfamiliarity and we were all newbies once.
You trade daily to weekly and you experienced not a single hiccup? Come on!
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I believe there's no harm in selling some of your investment if it gives you profit already, assuming you don't sell all of them. I believe there's a detailed guide on how to calculate how much you could sell in the past.
Because the main purpose of investment is profit, there is nothing wrong with selling part of the investment for the profit that needs to be taken. I believe there's no harm in selling some of your investment if it gives you profit already, assuming you don't sell all of them. I believe there's a detailed guide on how to calculate how much you could sell in the past.
But sometimes there are people who are too confident by not wanting to take a penny of the price they get when the price has shown the target price they want to achieve.
They expect too high and when the price starts to fall and continues to be followed by a prolonged bear market,
there will only be regrets, why not sell some and then buy below.
Setting how much to take profit is also needed, I will also take some profits when the price exceeds my main target,
and surely the profit can be a reserve fund to prepare to buy on the next decline.
But it all depends on how each person's strategy is, some continue to survive and forget their investment for years and when they start to open their investments, huge profits are obtained perfectly, but also the opposite happens.
Are there any recurrent hiccups that can happen at the initial stage, that needs to be noted, when an investor just begins investing in Bitcoin and also when he/she is trying to replicate a previous bitcoin investment strategy for good returns?
That is in essence, what are some recurring hiccups, that could hinder a successful Bitcoin investment plan?
Before investors start investing in Bitcoin, they need to first understand the investment risks involved because there are many obstacles faced by investors who are just starting to invest. Investors should avoid using third-party services to store their assets because the potential for asset loss is very large, such as theft or the Exchange suddenly going bankrupt, of course the assets will simply disappear. Investors should always make rational decisions when starting to invest, avoiding FOMO is something that needs to be done to prevent things that can hinder investment plans.That is in essence, what are some recurring hiccups, that could hinder a successful Bitcoin investment plan?
probably hastily investing when the price is already too high, the only thing holding you back from getting profit earlier is the average price of your investment that's too high.
some newbie like to be in hurry, investing as if there's no tomorrow and settle with unfavorable price, since BTC price swings anyway, why don't anyone just wait it out until it dipped at some point and buy at discounted price.
also, being weak hand, as many other people pointed, could spell you to your doom, because you will sell at really unfavorable price, likely trying cutting loss but instead dumped your entire bag at the lowest price ever.
some newbie like to be in hurry, investing as if there's no tomorrow and settle with unfavorable price, since BTC price swings anyway, why don't anyone just wait it out until it dipped at some point and buy at discounted price.
also, being weak hand, as many other people pointed, could spell you to your doom, because you will sell at really unfavorable price, likely trying cutting loss but instead dumped your entire bag at the lowest price ever.
Based on my experience, being too confident and forgetting to set up a stop-loss even if you plan to invest for the long term can be a problem too. Then again I believe it depends on what you define as "initial stage".
In the past failing to set up a proper stop-loss (either too early or too late) makes me miss a good opportunity to sell some of my investment. On the other hand, setting it way too early (being weak hands, as mentioned above) costs me a good opportunity to acquire more sats.
I believe there's no harm in selling some of your investment if it gives you profit already, assuming you don't sell all of them. I believe there's a detailed guide on how to calculate how much you could sell in the past.
In the past failing to set up a proper stop-loss (either too early or too late) makes me miss a good opportunity to sell some of my investment. On the other hand, setting it way too early (being weak hands, as mentioned above) costs me a good opportunity to acquire more sats.
I believe there's no harm in selling some of your investment if it gives you profit already, assuming you don't sell all of them. I believe there's a detailed guide on how to calculate how much you could sell in the past.
Are there any recurrent hiccups that can happen at the initial stage, that needs to be noted, when an investor just begins investing in Bitcoin and also when he/she is trying to replicate a previous bitcoin investment strategy for good returns?
That is in essence, what are some recurring hiccups, that could hinder a successful Bitcoin investment plan?
Being impatient. That's it!That is in essence, what are some recurring hiccups, that could hinder a successful Bitcoin investment plan?
Most of the new investors think that the long term investors didn't do anything, well, technically that's right but along with that long wait is about being patient naturally.
Without that attitude in investing in Bitcoin, you're likely not going to reach that point of success because you can possibly sell at losses and be in panic.
If you don’t trust, you’ll fail. What happened to "HODL"? If you keep that in your mind and heart, you won’t make mistakes when it comes to investing-or not investing. Bitcoin is the only solid investment in the crypto world, so no matter what negative news or bad speculations come up, that’s just from people who lack knowledge and can’t trust it. And when we see the market shake, remember, we’ve been through bigger shakes before. Bitcoin has already built a strong foundation over time.
Nope, as long as you know what you're doing then no such thing happens. I've been investing in Bitcoin from a long time and I never faced any kind of fear or hiccups, I'm also a trader and I do trade on daily to weekly basis and so far the experience has been good for me.
Those people who aren't well aware about Bitcoin or lack technical knowledge to protect their Bitcoin and other crypto assets might have those hiccups but not everyone.
Those people who aren't well aware about Bitcoin or lack technical knowledge to protect their Bitcoin and other crypto assets might have those hiccups but not everyone.
Taking profits
Been weak hand
Going all in and getting emotional during a dip.
The above to me really do hinder investment, no matter how good the strategy is
But others are
Lack of funds to meet up with the strategy
Trading rather than investing
FUD and FOMO not to mention listening to the words of bloggers without proper research.
Another would be knowledge on how and where to buy your Bitcoin and hold it.
Though not as volatile as shitcoin, it is quite volatile and could temporary fall below buying price.
Been weak hand
Going all in and getting emotional during a dip.
The above to me really do hinder investment, no matter how good the strategy is
But others are
Lack of funds to meet up with the strategy
Trading rather than investing
FUD and FOMO not to mention listening to the words of bloggers without proper research.
Another would be knowledge on how and where to buy your Bitcoin and hold it.
Though not as volatile as shitcoin, it is quite volatile and could temporary fall below buying price.
Are there any recurrent hiccups that can happen at the initial stage, that needs to be noted, when an investor just begins investing in Bitcoin and also when he/she is trying to replicate a previous bitcoin investment strategy for good returns?
That is in essence, what are some recurring hiccups, that could hinder a successful Bitcoin investment plan?
The first thing to know about bitcoin is that Bitcoin is a volitile asset and for that being a primary foundation you should know as a newbie bitcoin investment is that you should be ready lose at first although not all the time but most happening is that when you buy Bitcoin you tend to be able to accept the initial loses and stand in for long term investment.That is in essence, what are some recurring hiccups, that could hinder a successful Bitcoin investment plan?
Because of that short term outcome is the reason why we mostly advice newbies that they should be readg to take long term approach to bitcoin.
Are there any recurrent hiccups that can happen at the initial stage, that needs to be noted, when an investor just begins investing in Bitcoin and also when he/she is trying to replicate a previous bitcoin investment strategy for good returns?
That is in essence, what are some recurring hiccups, that could hinder a successful Bitcoin investment plan?
That is in essence, what are some recurring hiccups, that could hinder a successful Bitcoin investment plan?
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