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Topic: Hiccups that can occur during Bitcoin investments. (Read 508 times)

legendary
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I don't see any recurring obstacles that can hinder a Bitcoin investment plan other than price volatility. The mistakes that occur when the price drops are unjustified fear and selling at a loss. This is the biggest mistake that a Bitcoin investor makes in the long run.
Basically, Bitcoin investment is not much different from other investments, investors try to take advantage of price differences to make a profit. Once you are in the Bitcoin investment space, then you have to be the type of investor who dares to take risks. When the price starts to fall, especially if it is below the tolerance limit, investors must remember one thing, Bitcoin prices tend to fluctuate because after a decline there will usually be an increase. In addition, investors must believe in Bitcoin's fundamentals which are strong and stable enough, so never be afraid to hold it in the long term, especially for those who have plans to invest more assets in the form of Bitcoin.


You should only invest on any type of asset if you truly believe its potential as well as you also have the knowledge to understand the aspects surrounding about the project. Because if you have no idea what you are going into, you can easily be swayed by the opinion of others. At least, educate yourself about the significant angles of that particular investment.
legendary
Activity: 2310
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Farewell o_e_l_e_o
Some people have asked me how they will be able to identify ATH and when the price reaches the bottom. I usually inform them that Bitcoin price is unpredictable. They should have a well researched investment plan to guide them on when to enter or exit the market.
They can not know it is bottom when Bitcoin reaches it, and they only know that is a bottom months later when Bitcoin rallies and warms up for its bull run. Because to know it is a bottom, you need confirmations that need weeks or months to be sure.

Similarly with ATH, you can not know that is ATH when it happens, and only can be sure it is ATH months later when distribution phase lasted for a while and bear market is in the air.

If you want to bargain with the market, try purchasing in bottom area and selling in ATH area. You will never catch absolute bottom and ATH, it's impossible mission. Dollar Cost Averaging DCA is a helpful strategy, no need to find absolute bottom and ATH with this strategy.
legendary
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Investors that have been in the network for a longer time and who understand BTC very well see every dip in price as a chance to buy BTC, it is the newbies and weaker hands that are more concerned about dips in price and they are quick to sell their coins in reaction to any minor fud. However, we must understand that not everyone can see BTC the way we do, that's why most people would worry when they see their asset losing value.

Experience could be an advantage in investments but learning is also important. Some of us have not been in the Bitcoin space to complete the four years circle but FUD does not move us. The reason is simply because we are fortunate to be in a forum where experienced members discuss their wealth of knowledge. One can assume that even if you have not been in the industry for a long time but you spend time in learning, you might be able to overcome these hiccups.

Let me emphasize, I can not know market ATH and when too, don't ask me. But when many newbies ask you about this market, want to join it, they only see rosy opportunistic investment journey, it is big red flag that bear market is coming.

Some people have asked me how they will be able to identify ATH and when the price reaches the bottom. I usually inform them that Bitcoin price is unpredictable. They should have a well researched investment plan to guide them on when to enter or exit the market.
legendary
Activity: 2310
Merit: 4085
Farewell o_e_l_e_o
I think there are a few issues that a new investor faces when investing in Bitcoin are FOMO, volatility and FUD. These three will lead to the investor losing his or her patience resulting in taking a wrong decision. Almost every first time retail investors will have a panic attack when Bitcoin plunges into the red zone. It is very important to always keep in mind that Bitcoin investment is not a quick money making scheme. Like all investments it does need time to grow and succeed.
Retail investors usually join the market with money after several months of consideration and hesitation. When they join it, the market tends to go to very final phases and newbie retail investors don't have knowledge and experience to smell market tops and distribution phases.

Let me emphasize, I can not know market ATH and when too, don't ask me. But when many newbies ask you about this market, want to join it, they only see rosy opportunistic investment journey, it is big red flag that bear market is coming.

Bitcoin price history, ATHs and bottoms.
Are you ready for the Bitcoin bull market? What's your plan? Some ideas for you
hero member
Activity: 2156
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I think there are a few issues that a new investor faces when investing in Bitcoin are FOMO, volatility and FUD. These three will lead to the investor losing his or her patience resulting in taking a wrong decision. Almost every first time retail investors will have a panic attack when Bitcoin plunges into the red zone. It is very important to always keep in mind that Bitcoin investment is not a quick money making scheme. Like all investments it does need time to grow and succeed.
hero member
Activity: 952
Merit: 541
I don't see any recurring obstacles that can hinder a Bitcoin investment plan other than price volatility. The mistakes that occur when the price drops are unjustified fear and selling at a loss. This is the biggest mistake that a Bitcoin investor makes in the long run.
Basically, Bitcoin investment is not much different from other investments, investors try to take advantage of price differences to make a profit. Once you are in the Bitcoin investment space, then you have to be the type of investor who dares to take risks. When the price starts to fall, especially if it is below the tolerance limit, investors must remember one thing, Bitcoin prices tend to fluctuate because after a decline there will usually be an increase. In addition, investors must believe in Bitcoin's fundamentals which are strong and stable enough, so never be afraid to hold it in the long term, especially for those who have plans to invest more assets in the form of Bitcoin.
sr. member
Activity: 602
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Investors that have been in the network for a longer time and who understand BTC very well see every dip in price as a chance to buy BTC, it is the newbies and weaker hands that are more concerned about dips in price and they are quick to sell their coins in reaction to any minor fud. However, we must understand that not everyone can see BTC the way we do, that's why most people would worry when they see their asset losing value.
Investors in Bitcoin market for a long time will understand more about Bitcoin from technical design, to financial aspect and how it works in one market cycle and in history.

Bitcoin profitable days chart is an interesting one with % profitable days holding Bitcoin is 97.0% as of writing.

HODL camp and Bitcoin ROI chart can give them more information of HODL strength and help increasing their strength to hold bitcoins.
legendary
Activity: 2534
Merit: 1338
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.
This, someone that understands clearly what bitcoin is about and has realistic goals about what they can achieve will never fear the short term drops on the price of bitcoin, and instead they will use them as an opportunity to accumulate even more coins, only those that came with a superficial knowledge or had exuberant expectations about the market will suffer setbacks from the volatility of the market, but that is entirely on them and bitcoin has really nothing to do with it.
hero member
Activity: 994
Merit: 1089
Therefore, in relation to Bitcoin, there is no need to be afraid of its price falling. When the price of Bitcoin falls, you can safely buy this asset at a lower price and expect that sooner or later this investment will bring you profit.
Investors that have been in the network for a longer time and who understand BTC very well see every dip in price as a chance to buy BTC, it is the newbies and weaker hands that are more concerned about dips in price and they are quick to sell their coins in reaction to any minor fud. However, we must understand that not everyone can see BTC the way we do, that's why most people would worry when they see their asset losing value.
hero member
Activity: 644
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Leading Crypto Sports Betting & Casino Platform
That is in essence, what are some recurring hiccups, that could hinder a successful Bitcoin investment plan?
procrastination is one of the hindering tools that has hinders many people currently and i can used a friend of mine to give an example.. forward back then when bitcoin was around 20k dolls and he called me when is the best time to invest in bitcoin and i told him now (then) is the right time and he said, "can we watch to see if the price could go dipper before investing" and i said is your choice provided that you haven't made your mind to invest in bitcoin you can start when you feels the price is okay for you, that was how he delayed to till date and never invested. Last week he saw me and started regretting why he didn't adhered to my instruction of telling him to invest at that time, now he has no face to keep asking me when to invest again because he knew the price is not that favorable for him again, so he chatted me and said after bull run he would wait for the next bear run, i didn't respond to him.

Definitely something that has caused major setback for investors and also aspiring investors too, infact procrastination itself is a devil that has effect on so many area of one's life not only in the aspect of investment in Bitcoin. Sometimes we do these things without even knowing the effect it cause, that same old lie that you would keep telling yourself that you would do over and over again is just something that one should tackle if he does want to grow or even start at all with Bitcoin as investment asset.
legendary
Activity: 2338
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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 most important thing in investing in Bitcoin, in my opinion, is not to sell the asset (thereby fixing the loss).

A cryptocurrency trader who is used to buying and selling alternative cryptocurrencies knows that almost all alternative cryptocurrencies lose their value over time.

However, Bitcoin is a deflationary asset, a recognized international protocol for transferring value in virtual space. It tends to appreciate over time.

Therefore, in relation to Bitcoin, there is no need to be afraid of its price falling. When the price of Bitcoin falls, you can safely buy this asset at a lower price and expect that sooner or later this investment will bring you profit.
legendary
Activity: 3052
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Leading Crypto Sports Betting & Casino Platform
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?
Falling for fud is one. Studying why it's valuable in the first place is a good start. Otherwise any made up fud can change your opinion about it, and you are easily convinced that it could fall.

That's what was my mistake at the beginning anyway. If i would have listened Andreas Antonopoulos before investing, i would have so much stronger hands. That's the one who calmed me down later, but everyone should watch his videos.
copper member
Activity: 168
Merit: 4
I think one major hiccup that might eventually be a challenge to newbie investors is too much anxiety. Everyone already knows that bitcoin price fluctuates, with the price fluctuations, investors who know what they are doing will remain relaxed, waiting for the right time to buy or sell.

But when the investor becomes restless and too anxious, it is bad for investment because he might be making lots of wrong decisions which may affect his profitability.

Investing may only be done with a cool head intact and a good mood overall. Otherwise, it may end up badly, with greed and temptation taking over.
Thus, trading sessions may only be done when you are ready for them and for the profit at hand.
member
Activity: 47
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I think one major hiccup that might eventually be a challenge to newbie investors is too much anxiety. Everyone already knows that bitcoin price fluctuates, with the price fluctuations, investors who know what they are doing will remain relaxed, waiting for the right time to buy or sell.

But when the investor becomes restless and too anxious, it is bad for investment because he might be making lots of wrong decisions which may affect his profitability.
hero member
Activity: 1400
Merit: 770
I don't see any recurring obstacles that can hinder a Bitcoin investment plan other than price volatility. The mistakes that occur when the price drops are unjustified fear and selling at a loss. This is the biggest mistake that a Bitcoin investor makes in the long run.

We can solve all problems about investment if we understand the risks that will be faced and how to solve them. All of that will feel easier to overcome or not to happen by continuing to learn a lot. Those who tend to learn a lot and are experienced will easily face problems. I think it all depends on what they have in each person. So not everyone can have diverse problems and the solutions are also varied.
legendary
Activity: 1848
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I don't see any recurring obstacles that can hinder a Bitcoin investment plan other than price volatility. The mistakes that occur when the price drops are unjustified fear and selling at a loss. This is the biggest mistake that a Bitcoin investor makes in the long run.

The other mistake is less than the first but it is also a result of price volatility, which is greed. When Bitcoin rises a little, some people rush and sell immediately. Although they have made some gains, it is better to wait until they get the highest and best prices.
So in general, it can be said that it is fear and greed.
hero member
Activity: 812
Merit: 619
If you want no 'hiccups' here is what you need to do:

1. Buy bitcoin.
2. Hold. Forget about the price.
3. Don't sell for another 10 years.

Wash, rinse, repeat (DCA). The troubles newbies get into stem from getting nervous about buying and selling.

It's all about patience. Do you think a person can buy Bitcoin and forget about it if they aren't patient by nature? It's naturally not possible for them to not look at the market or their portfolio to find out how their investment is doing because there will be a general instinct that will pinch you every time to just have a look at their wallet, the urge won't let you stay away from it for even a few days, leaving it for years without looking is unimaginable.

If someone is patient, they have a nature that doesn't make them too eager or initiate an urge to keep looking at the market and then at the wallet, such a person can keep holding for a longer period depending on how much they understand the market as well. Lack of knowledge often makes people sell at dips because they feel it's the end, now their money will be gone if they don't sell.
hero member
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That is in essence, what are some recurring hiccups, that could hinder a successful Bitcoin investment plan?
procrastination is one of the hindering tools that has hinders many people currently and i can used a friend of mine to give an example.. forward back then when bitcoin was around 20k dolls and he called me when is the best time to invest in bitcoin and i told him now (then) is the right time and he said, "can we watch to see if the price could go dipper before investing" and i said is your choice provided that you haven't made your mind to invest in bitcoin you can start when you feels the price is okay for you, that was how he delayed to till date and never invested. Last week he saw me and started regretting why he didn't adhered to my instruction of telling him to invest at that time, now he has no face to keep asking me when to invest again because he knew the price is not that favorable for him again, so he chatted me and said after bull run he would wait for the next bear run, i didn't respond to him.
legendary
Activity: 2422
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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?
By hiccups, I want to believe you mean "mistakes", well for me, I honestly do not see any bitcoin investment mistakes that could or has the capacity to hinder a successful bitcoin investment aside from having no other reliable source of income before investing money in bitcoin, it's like whats often said about marriage, that if you rush into it, you definitely will rush out after some time.

The only hiccup I personally think has the full capacity to hinder a successful bitcoin investment is not having another reliable source of income, if one invests in bitcoin when he or she doesn't have other means of making money, such one is likely to sell off the bitcoin investment at their slightest financial challenge, whether the investment yielded any profit or not.
hero member
Activity: 994
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when he/she is trying to replicate a previous bitcoin investment strategy for good returns?
Are you talking about trading, because if you meant just buying and holding BTC, too much strategy does not go into it, you simply buy BTC and hold it, how you buy it is actually another thing though and you can simply buy with the dca strategy. The trouble you'll encounter when holding BTC is how to effectively secure your coins, there's this panic when you just buy BTC, you are not sure if you are doing everything right, but if you do enough research, you'll learn how to store your coins safely.
sr. member
Activity: 224
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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?
Definitely there are many hiccups as already mentioned by different users. These hiccups are applicable to happen mostly during the long run and becomes a threat to the investor. Another one on the list should be the fail of creating a budget. I believe any investor who decides to invest in Bitcoin and not be held down by certain obstacles, should adhere raising a target to what they would like to accomplish, this will set their motivations high just by the time those hiccups happens, it will enable them stay strong footed  and not fall off during their accumulation.
hero member
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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?
IMO in this case all have experiences that seem to be almost the same when it is new to bitcoin and it will not be much different from the level of emotion and lack of understanding that makes the investment we want to do a little hampered because of some problems.

But when we want to be an investor and can be considered successful even though maybe it is our own version of success then indeed everything will not be much different in terms of understanding, plans and goals that we want to achieve in an investment made.

Many people fail because they do not have a good understanding because they are not too willing to learn from the start what we want to invest in and do not want to know what the investment risks are because the benchmark is only to the benefits that will be obtained but are not aware of the risks they have. In addition, sometimes with a lack of understanding, it is certain that our plans also become uncontrolled which makes a lot of people, especially new people, who are wrong in their goals and planning who eventually give up halfway.
It's almost the same when people end up giving up halfway through.  I think, everything has to be balanced because when we want to achieve success in something (in this case investment) then it is important for the person to know what he/she is doing, know the economic situation he/she has and continue to learn so that in the end they do not get lost even though the path is correct.
hero member
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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 biggest obstacle is not having full confidence in what he is investing in. Because so far those who have succeeded have the belief that bitcoin will provide benefits in the future. Imagine there is no higher level after believing. Any obstacle when it is determined to invest in bitcoin everything becomes easier, makes sense and ignores everything that gets in the way. Only those who believe in bitcoin will always be one step ahead when investing. And those who doubt are always stagnant just walking in place.
hero member
Activity: 2702
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Nothing lasts forever
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?

I would say it must be faith. If you lose faith in bitcoin when the price dumps then you will sell your coins at the wrong time.
This is a common phenomena and occurs in every cycle but the people who don't lose faith tend to HODL and gain their profits back.
legendary
Activity: 2310
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Yeah, it's easier to hold when our investment are on floating loss because we know the asset we invest and we understand how it works. But, when it comes to selling, we hesitant to do it because we're always think tomorrow the price will increase. We might not have a problem to sell it when we're in hurry, it's different with someone who want to maximize the profit that looking to buy at the bottom and sell at the top.
In loss journey, if we are not experienced and disciplined to cut loss and exit the market to avoid bigger loss, we will have to hold our positions and wait for recoveries. The second pain comes when market recovers, we will try to trade and lose our bitcoin even we don't have a draw back. If we can hold long enough to see profit, then it's chance for another mistake, take profit too early.

It's more easier to hold for 70% or 80% loss but it's harder with many people to hold for 70% or 80% profit because it's uncertain to know where Bitcoin will move up to, and how high price can move to.
hero member
Activity: 854
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Bitcoin holders and pretty damn strong when it comes to dealing with the volatility. Ultimately I think the hardest thing a Bitcoin holder will ever do is to sell their Bitcoin!
Yeah, it's easier to hold when our investment are on floating loss because we know the asset we invest and we understand how it works. But, when it comes to selling, we hesitant to do it because we're always think tomorrow the price will increase. We might not have a problem to sell it when we're in hurry, it's different with someone who want to maximize the profit that looking to buy at the bottom and sell at the top.
hero member
Activity: 1344
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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.

Bitcoin holders and pretty damn strong when it comes to dealing with the volatility. Ultimately I think the hardest thing a Bitcoin holder will ever do is to sell their Bitcoin!
legendary
Activity: 3248
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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?
I suppose initial hiccups might be due to a lack of understanding of how Bitcoin works and is stored. So one might make a mistake in transfer and lose the coins, lock oneself out of a wallet forever by forgetting to write down the passphrase and forgetting the password. Or buy at a high point and panic sell when Bitcoin goes 20% or more down from that. Alternatively, one might store BTC on a centralized exchange and fall victim to a scam or be unpleasantly surprised with needing to go through KYC.
I think these are the biggest risks, even though they don't have much to do with the investment strategy itself.
sr. member
Activity: 504
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I wouldn't call it a hiccup but if you are all in, and at one point you need some money because of emergency, then you will have to withdraw it. Or if you are buying and accumulating for so long, again something big come up, and you have no choice but to get some out of your stash.

Most of the hiccups I see on this post are lacking of controlling emotion, been greedy and others but I place all of these on investing more than you can afford to lose and this to me is what brings about the reason for selling even at a loss during emergency situations or periods. Although some emergencies sometimes comes in huge that even saved emergency funds cannot take of them. But most at times when you invest what you can afford to lose you can have emergency funds aside and That will go a long way.

With an amount you can afford to lose you can simply Limit this hiccups like been confident even in during dips because the funds aren’t setting you in panic mode, not been greedy to go out early because it is not a borrowed funds and its likes
hero member
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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?

I wouldn't call it a hiccup but if you are all in, and at one point you need some money because of emergency, then you will have to withdraw it. Or if you are buying and accumulating for so long, again something big come up, and you have no choice but to get some out of your stash.

The beauty though is that you can start all over again, and since you have already experience doing it, then it will be just a piece of cake already. Mentally you have passed the big test, just doing DCA months after months, or years grinding hard in order to save x amount of BTC.
hero member
Activity: 2366
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That is in essence, what are some recurring hiccups, that could hinder a successful Bitcoin investment plan?

Being greedy is the most difficult part when investing into bitcoin. Buying bitcoin and not setting a target to sell it will result in losing your money. I've been a crypto investor since 2018 and experienced 2 bull runs, I missed taking profit during their peak because I keep listening to the unrealistic speculations by influencers on social media. I keep hodling thinking that this X target could be achieve on that bull run until it goes into correction and enter into bearish phase.

This upcoming bull market, I already have a plan when to take profit regardless if it still goes up. Hopefully, I can follow it and experience some success being into crypto for many years.
sr. member
Activity: 1400
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I think if we want to replicate a strategy by other people and they have been successful with that strategy, market timing is one of the most significant challenges. The volatility in Bitcoin can make it tough to say when its price may go up or come down, although Q4 has always historically yielded positive returns. Same for this year, in Q4 Bitcoin is expected to break through resistance levels, but missing the right entry point during consolidation phases may hurt your returns.

The other problem is sticking to one strategy and not trying to take a look at what is going on in the current market. The crypto market keeps on changing due to institutional activity and greater macroeconomic factors, like recent interest rate cuts. These would increase sentiment, but sudden liquidity shifts or derivatives activity may create unforeseen risks. One needs to be adaptable and keep updated with information so as to try and achieve success.
hero member
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Most Importantly I think most Bitcoin investors have lost their Bitcoin because of security bridge and some persons too purposely gave off their asset to scammers because they didn't know it was scam. Even up till date, so many people are still falling victim to scam and are losing their money to scammers. So, for one to have a successful Bitcoin investment, I suggest they should learn about the security of their assets.
legendary
Activity: 3052
Merit: 1188
You should first have the believe in bitcoin as an investment worth throwing some value on. Use only your extra cash to buy bitcoin so that you can do without it and buy constantly to build and grow your stash.

Set up an emergency funds of 3-6 months of your monthly salary, so that if real emergency occurs like losing your job, health challenge as so on arises, you will be able to solve them without deeping hands into your bitcoin investment.

Don't get carried away with little profit on your bitcoin investment but focus on reaching your bitcoin target with patience. Don't think Bitcoin investment is a get rich rick scheme.
I always say start with one month, it should be the starting point for anyone. If you could save just one month of salary this would allow you to have such a big freedom. If you ever end up being unemployed, one month isn't enough, but you start to learn you could technically survive with half of your salary too, because you do not do anything and just stay at home, go to interviews and start eating cheap food, so what would cost you anything.

Secondly, this is a start, you end up trying to do 3-6 months like you said gradually, both thanks to help of you saving more and investing those too, and also price going up as well. When you reach 6 months, I suggest stop investing this way and start investing like an investor, because until that moment you invest like you are saving, after you reach six months you should start investing like an investor, meaning care about TA when you are investing so you can get the most benefit out of your investment.
hero member
Activity: 3038
Merit: 634
Being impatient. That's it!

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.

I would agree because, for newbies especially, it's hard not to see at least some green for a long time, they think that there will be no tomorrow and their investment is failing them (even if everybody else is holding alongside them and they just do have more skin put into the BTC, thus not worrying about it).
The emotion if that time comes to them is going to be mixed. The feelings are going to be mixed and that's hard to bear because they cannot think right when that time comes.

All of the negativities will be there and thoughts will come to them as if there is no solution to that. And there will be no time for it to recover.

That is the reason why many of the long term holders doesn't feel any emotion anymore when the market dumps quickly because we all knew that it's going to recover.
copper member
Activity: 2268
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I would say don’t think about any obstacles or hiccups when you have already thought of investing in Bitcoins. Bitcoins are meant to be invested for the long term. So there will be many short-term distractions in between. We need to ignore that and keep the investment on. We have seen Bitcoins rise from 500$ to 72,000$. Hence, it’s always ideal to invest for a longer period of time. Just put money in the coin and don’t follow the market for a few years; I am sure you will make thrice the money that you have invested after the completion of the third year.
hero member
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You should first have the believe in bitcoin as an investment worth throwing some value on. Use only your extra cash to buy bitcoin so that you can do without it and buy constantly to build and grow your stash.

Set up an emergency funds of 3-6 months of your monthly salary, so that if real emergency occurs like losing your job, health challenge as so on arises, you will be able to solve them without deeping hands into your bitcoin investment.

Don't get carried away with little profit on your bitcoin investment but focus on reaching your bitcoin target with patience. Don't think Bitcoin investment is a get rich rick scheme.
copper member
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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!

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.

I would agree because, for newbies especially, it's hard not to see at least some green for a long time, they think that there will be no tomorrow and their investment is failing them (even if everybody else is holding alongside them and they just do have more skin put into the BTC, thus not worrying about it).
legendary
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The excitement will be a failure at the first volatility that an inexperienced investor sees. We see these panic sales, and we see the accusation that the price has fallen and people are forced to sell to save the funds that are left. And until a person sees his mistakes after recovery and further growth, he will not be able to truly test everything on his own experience. No matter how much is written that investing should involve strong hands and faith, you can also often see accusations from those who are impatient or too hasty.
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legendary
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The "hiccups" are going to be mostly you acting on your emotions — panic selling due to fud, going all in, or buying on leverage because of greed, those stuff.

There should be little to no "hiccups" if you're just dollar-cost averaging and buying spot.
full member
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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?
if you start investing with the right mindset and strategy and continue with that, you wouldn't face any challenges but if you start with the wrong mindset and a wrong investment strategy, you're certainly going to meet hindrances along the way which will prevent you from effective investment.

The wrong mindset is mostly that you're hoping to get quick profit and it leads you to use an amount you're not willing to leave in Bitcoin for a long period of time, once that's the case, every bull will become a distraction to sell and every DIP will want to propel you to still sell. DCA solves this challenge and gives you calmness throughout all the period you're investing in Bitcoin because you know you're not investing too much at a time and while you continue to buy you get used to volatility and wouldn't always become worried of what will become of Bitcoin or your invested money.
hero member
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Not knowing when to enter the market is one big challenge any newbie could face as a recurrent investment hiccups that though in my opinion I perceive as a necessary evil for them to understand that bitcoin is a volatile asset and timing it when to jump into the market is key to staying in profit more often. The result you get entering the market when it's in dip is obviously different from when the market is experiencing a correction. Something just a small section of newbie are acquainted with.

sr. member
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That is in essence, what are some recurring hiccups, that could hinder a successful Bitcoin investment plan?
First the major hiccup occurances that Bitcoin investors may encounter is "fluctuations" of volume prices at when the price of Bitcoin depreciates when investors were expecting market increase during holding to make profits.
Then it may push Investors to quick selling of their assets due to FOMO then, their investment plans must have negatively been affected their goal of holding until they makes profits.

Another is investors with the DCAs accumulation plans.
Understanding the strategies of the DCAs, investors are either scheduled on buying their Bitcoin assets bite by bits maybe because they don't have the exact fund to purchase and accumulate up to the expected value of Bitcoin to their assets at a time, and same lane, they ought to place purchasing orders when the market price is depreciating to buy higher values with minimum amount but due to the highily volatile of the market, price may suddenly increase which becomes disruption to their accumulation plans.

Although this sensational investment effects remains effective on "weak hearted" volatile investors who can not stand the storms in the fluctuating crypto markets.

I tagged this reoccurrence effects on "price fluctuations" because the volatility of Bitcoin potentials can not be manipulated by investors so, failure to bear that fact would keep investors investment plans reoccurring from achieving a successful investment plans.
legendary
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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?

I have not been in the Bitcoin space for a long time to complete the four-year cycle. But from my observation, FUD is one of the major challenges people go through. I observed that there are individuals and organisations whose main task is to cause and promote FUD, and this will cause many weak hands to dump their coins.

Another issue might be uncertainties. Some investors have good plans but they don't give room for emergencies. There could be health issues, loss of job, natural disasters and so on; without emergency funds, Bitcoin investment plans might be truncated.

Keeping your Bitcoin in a centralized platform. I am sure people who kept their money in FTX had great plans. But that single mistake of not keeping it in a decentralized wallet has affected their plans.
sr. member
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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?
Getting too affected by FOMO or FUD. This happens a lot with new investors. They are either too scared or too eager. They buy when they see the market going up because of FOMO and even though I know bitcoin will still continue to rise, it is important that you buy it at the cheapest price possible not the most expensive to obtain maximum profit. At the same time, you also shouldn’t be swayed by short term or temporary dips or negative news and immediately sell your funds. Remain levelheaded and objective at all times.
legendary
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If you want no 'hiccups' here is what you need to do:

1. Buy bitcoin.
2. Hold. Forget about the price.
3. Don't sell for another 10 years.

Wash, rinse, repeat (DCA). The troubles newbies get into stem from getting nervous about buying and selling.
sr. member
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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.
legendary
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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.

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!
legendary
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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.
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.
hero member
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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.
legendary
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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.
legendary
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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.
hero member
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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!

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.
hero member
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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.
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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.
sr. member
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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.
hero member
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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.

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.
full member
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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?
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