Topic: How to know a good bitcoin investors! - page 5. (Read 1330 times)

What you mentioned is a must for investors and most importantly a good investor has enough knowledge and also has experience about bitcoin which makes him a good investor, and also doesn't have high emotions and doesn't panic easily when the price goes down.
and it is also important for investors to use cold money to invest in bitcoin, and money that is not used for daily needs and urgent needs. Good investors understand that investing in bitcoin and crypto-assets carries a high level of risk, and that will make them highly value their purchase and manage it overall to be profitable.

I don't think it's necessary to be overly complicated about being a good investor. You just need to believe in the long-term value of Bitcoin and understand the importance of holding it for a certain period of time to accumulate. These are all factors that can contribute to a successful investment strategy. Although the crypto market is turbulent with a variety of news and market sentiment, both positive and negative, Then you just need to evaluate the information objectively, remove the noise, and focus on your investment goals and long-term views. Those are the qualities that benefit investors.

Those are some of the characteristics of an entrepreneur. Every committed business man or wowm must have to characteristics. In life you must have future to plan for, and for you to plan for your life in the future to become someone you must be able to manage your little finance at the moment to achieve your projected goals. The risk management is for every human.
But if bitcoin investment is good for you, forex trading can also good for others so you can not generalize the idea to all. But to yourself only.

Hmm, Not sure posted here before or not but I would like to ask What is the end result, what are they gaining after knowing about a good Bitcoin investor?

Trying to understand the motive of OP is it related to guiding others about having these qualities to become good investors. My Theory is you are a good investor as ANON said planning is essential and I think this is all we need to learn to be a good investor. It covers the full domain under this skill you can develop yourself in a better way whether its about experience whether it's about consistency or building confidence it comes under your investment planning it will teach you results (Experience), and it will force you to stick to market (Consistency),  it will lead to the peak of efficiency (Confidence).

Believe me, planning is the First step and if you haven't taken it then how can you expect to learn more gain experience, and prepare yourself to be consistent?

Plan your Accumulation Journey -Hamza

The qualities which you mentioned are really possessed by a good bitcoin investors and planning is most necessary thing not only in bitcoin investment but also in other fields of life. A good investor of bitcoin knows very well that how to manage the system of their finance and how to be patience whenever the conditions become against him.

I think it will takes time because nobody become a good investor from the start so he will faces positive and negative aspects of crypto market after that he will learn that how to cope with these issues. As they developed experience so they will eventually learn each and everything therefore it will be easy for them to continue their journey of success.

 Patients they say is a virtue and that's one of the traits of a good investor, bitcoin is not a cryptocurrency where you come to make a huge quick amount of money and get out easily, you need the patience to know and have a very vast knowledge before investing in it.
 The cryptocurrency world is a place where you make good research, to gain a general knowledge of what you're doing and understand better how to minimize risk, so a good investor must have this trait.
A good Bitcoin investor also needs to secure their passphrase, you need to be security conscious and carefully secure your phrase, to avoid hackers or theft, it is very important to keep this safe else it could easily penetrate your funds.
 Avoiding projects in a cryptocurrency that is without a white paper is another quality of a good crypto trader, the white phrase contains full details of a project, so one gets to understand better the projects they're investing in, therefore a good investor takes good notes of this.
A good investor learns from previous errors.
A good investor should have good working tools, and learn to master them before investing.
As a good investor, you must have a very good understanding of trading strategy to know which is suitable for a particular moment in trading.
A good investor must be very good at forecasting the price of the cryptocurrency.

Bitcoin investors are the best. The reason for which I am saying this is that, they are investing in Bitcoins. That’s like investing in Gold. Yes we can compare Bitcoins to digital golds, both are valuable and limited in numbers. Moreover their price also increasing day by day due to increase in demand to acquire them. Op mention the correct features about being a good investor. I would like to add one more point that, an investor need to have patience and should wait for the market every time the price falls.

Well the list of OPs are actually a good characteristics of a good investors. I think what you said it's already a part in the listed since for example, if you are a good planner then you would follow what you have plan right? Then that's the patience will entry, because without patience then probably you would get bored and do something risky that could result that you just wasted what you have planned. In any aspect of being a good investor patience is always a key to success because if you want to be rick quick then patience would literally be gone affecting the listed of characteristics posted by OP.

Investing with Banks are worst ways to invest, those individual you know are doing the right thing. Since they're only investing their excess or spare money, they won't be so scared like most investors get when Bitcoin experience some corrections that isn't bad to the market since it give opportunity for individuals to buy Bitcoin as low price again. Investing in Bitcoin is risky but not investing is riskier because you'll regret it.

Good Bitcoin investors should be long term investors that want to buy and hold Bitcoin for years to benefits because if you're chasing after the short gains you won't gather wealth but when you invest for a longer period, you'll be securing your future that way.

To be patient is a must when investing in Bitcoin. Besides managing risks and having a plan, I think someone can't neglect safety and being patient when adopting Bitcoin. All these factors are connected and since you may have to wait a long time until seeing your investment bearing fruits, better that your coins are safely stored somewhere hackers and scammers (including governments and regulators) can't have access meanwhile.

i  didn't get to see HAVING PATIENCE in the list because this alone is another side of the business, no patience no chance of good reward, am likely to stimulate around the whole scenario of an investor. i see it as a hard task for me to handle.

The fact is like that, I mean learning from other people's experience is one that will support you to become a better user. Of course you don't have to be like them, but you can compare their knowledge and experience with yours.

Because investing involves money, you may not have the same risk tolerance as other people. You can learn, listening to directions based on other people's experience, but you have to adjust yourself and your budget for the same investment. Even if you both do it on bitcoin, the risk tolerance will differ from one person to another.

As Bitcoin is highly volatile, investors have a high chance of profiting simultaneously an investor can quickly lose his wealth due to lack of sufficient knowledge. I personally believe that to expect anything good from any sector one must need proper study. There is no substitute for education. Moreover, Bitcoin is not only used as a trading tool. It also has wide application in practical cases. An investors must first be patient when it comes to investing in Bitcoin. Because it is the most volatile it can be bullish again bearish. Before investing in Bitcoin, an investor needs to understand his finances well and plan for the long term. Only those who invest keeping these things in mind will be able to achieve success ‍as a bitcoin investors.

And what you want to mention to me in a nutshell is the experience as well as the lessons learned from the experience from that journey.
I totally agree with this, because even if someone in front of me says they're a genius at investing listen to them, I'll just be happy to hear their story and experience it myself own. The independent element in financial investment or the crypto market makes us stronger over time.

Bitcoin investment is a digital assets, which no one knows the major investors or holder, because of the risk involved, mostly here in Africa, Bitcoin holders don't announced them self, because of security purpose, accept the USA base or western world that has adequate security, looking for good Bitcoin investors has no meaning, but you're still in Good position to buy Bitcoin and become a good investors as well.

Well for me it seems like you're not just talking about Bitcoin investors your idea is actually applicable to every investment not just in crypto.
To be honest with you I know few crypto investors who just wants to invest/save or hold their money in crypto rather than Fiat.
They just see it as a way to save their excess income and honestly speaking I am one of those type of investor, I just believe that it is better to keep it in crypto rather than inside my bank account.
I know the risk when it comes to price fluctuation but I really think that it is more profitable than letting it sit on my bank account.

If you want us to add more of those what you have listed above OP, I guess I will say this generally to all investors that they are someone who are ready to what to come on their investment since they knew that what they have invested in the first place is a kind of risk that is ready to lose anytime. They aren't expecting something in return but they keep tracking what's happening on the market and the whole economy in general. The same as gambling but less stress, and the amount they invested can be said as a deposit they make in the bank but they're the ones responsible to what will happen.

Instead of looking at the things you mention, just look at the results they have achieved in their time invested. To me, it doesn't make any sense when you have good knowledge, skills, or strategies and still don't make a profit. I mean, even if you have the knowledge and skills, if you use it inflexibly, it won't bring good results. So, look at their results to assess their capacity because the purpose of investing is to make a profit, whoever can do that is a good investor.

What you said is very correct. I think what a good investor needs most is a pure heart and thoughts, which is simpler and more direct. Enough simplicity and enough patience.

I think it is quite obvious that not many people will be looking at the same thing the same way. I understand that we are at a higher understanding of crypto at this moment where more people know what it is all about, but that doesn't mean that we should be reaching out to crypto like it's something normal and we could easily do it.

It is still just 10 or a bit higher, getting closer to 15 year currency, you do not get a currency that new to be understood by everyone all at once. However, the number is increasing, all those people with experience, solid knowledge, clear strategy and patience end up getting bigger in numbers as the years passes and we get a lot more of them one by one. I think it should be easier in the future to invest.