I hope I'm doing the right thing. | Bitcointalksearch.org

SOKO-DEKE

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Quote from: Sobz on May 06, 2024, 12:46:29 PM

How did you guys invest in bitcoin as beginners. What was your experience with the market volatility? A lot of people talk how investing in Bitcoin is good but risky, i don't want to rush to invest bitcoin.

As a beginner, if you wish to start your Bitcoin investment, just make sure you have the basic knowledge of Bitcoin. Like Know the risks involved in Bitcoin, the best places to buy Bitcoin, and the best wallets to keep Bitcoin. Once you have this knowledge, you can start your Bitcoin investment as beginner and later continue acquiring more knowledge after you start investing. If you truly want to wait and gain extensive knowledge about Bitcoin, it will take time, which is not really bad. However, but I think you may be missing some opportunities.

Quote from: Sobz on May 06, 2024, 12:46:29 PM

Do you think this delay is good for me? I believe it is good for one to be sure and understand anything that involves money.

If you are not fully satisfied with the knowledge you have about Bitcoin, it is better not to start investing because delays can be detrimental; however, in the cryptocurrency industry, especially when it comes to investing in Bitcoin, I believe it is never too late to invest anytime as the market is constantly evolving and growing, so taking the time to become fully informed and understanding the risks involved will ultimately lead to a more confident and potentially rewarding investment decision.

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Quote from: Sobz on May 06, 2024, 12:46:29 PM

How did you guys invest in bitcoin as beginners. What was your experience with the market volatility? A lot of people talk how investing in Bitcoin is good but risky, i don't want to rush to invest bitcoin. I need to be very sure of what I'm planning to go into. I don't know if I am making the right decision or I'm too sluggish to invest. I'm not really convinced maybe because I don't know much. Do you think this delay is good for me? I believe it is good for one to be sure and understand anything that involves money.

As a newbie, I started my bitcoin investment with the DCA strategy, where I was accumulating bitcoin every month any time my money was readily available. Before I started my bitcoin investment, I studied bitcoin for a while, and I saw the price movement in the coinmarketcap. So when I started my bitcoin investment and the price dropped, I was not worried because I was already aware of the volatile nature of bitcoin. All businesses in the world involve risk, so bitcoin is not excluded. That is why you should always invest what you can afford to lose in case something goes wrong in the way you can be able to handle it. One important thing you should know about bitcoin is that it isn't a quick-to-get-rich-soon thing, and before you start your bitcoin investment, you should have a good income source that can cover your living expenses so that you will not depend on your bitcoin investment to solve them. You do not need to have a wide knowledge of bitcoin before you start accumulating it; the delay is not good for you. If your money is readily available, you can start accumulating bitcoin with the DCA strategy, either weekly or monthly.

Stable090

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Quote from: Sobz on May 06, 2024, 12:46:29 PM

How did you guys invest in bitcoin as beginners. What was your experience with the market volatility? A lot of people talk how investing in Bitcoin is good but risky, i don't want to rush to invest bitcoin.

Before making any investment, I will encourage you to accumulate more knowledge first. Don't just invest in bitcoin when you lack knowledge about it, if you invest without having proper knowledge, you will end up frustrated and might lose your money. Some might even be losing their money to scammers because they lack the knowledge to properly store their coins, or some will fall for scammers tricks just because they don’t have knowledge about what they are investing in.

People do say bitcoin investment is risky, but I will tell you that every investment you are trying to make is risky, so the best thing is to have proper knowledge before investing in it, and I will say bitcoin investment is less risky compared to some other investments.

Quote from: Sobz on May 06, 2024, 12:46:29 PM

Do you think this delay is good for me? I believe it is good for one to be sure and understand anything that involves money.

Delay is really bad, but if you are acquiring more knowledge before putting in your money, then it’s good that you delay just to acquire more knowledge. If you don’t acquire appropriate knowledge, then you might end up regretting it.

Z_MBFM

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Quote from: Cryptohygenic on June 14, 2024, 03:29:53 PM

What is the secret behind their knowledge on considering the high level of their contributions in the forum? Does it mean they have the knowledges before joining the forum? Or are they bot accounts?

The question you have asked can be answered in two ways: one is seen by those with prior knowledge of Kiptah. Again, some may be brand new and have yet to get the forum link for which the forum came forward to do something good for learning.
People who already have a good understanding of cryptocurrency will do good things through the forum using their talent.

We can also learn a lot from those who know about raging currencies and make helpful and essential forum posts about them.
For those who are new to the world of cryptocurrencies, this forum is a welcoming space for learning and growth. We encourage you to take part and explore the vast opportunities for knowledge and discussion.

leonair

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Quote from: Sobz on May 06, 2024, 12:46:29 PM

How did you guys invest in bitcoin as beginners. What was your experience with the market volatility?

To invest, you need to take a little risk. If you don't take risks, there is no need to invest because you can invest in Bitcoin or any other coin. You must consider the pros and cons and be able to bounce back if there is a loss. However, the most secure option is to invest in Bitcoin. I want to continue this trend by investing slowly rather than all at once because I think you will gradually reap the benefits.

Publictalk792

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Quote from: HajiBagi on June 11, 2024, 06:31:36 AM

You did the right thing by asking before investing in Bitcoin, first of all before you invest in Bitcoin you have to understand what it means, you hear that a lot of people say that it is a risky investment. The reason why it is called a risky investment is that it is an unpredictable investment, you don’t know when the price will rise or fall and you can invest a huge amount and later you can see the price increase or decrease and in that situation, you might need the money or you might be in a situation where you want to sell it and use the money for something else and you can’t sell it for even the amount you bought it and that is why it is a risky investment.

Not only Bitcoin, every investment is risky because you don’t what will happen at the end of it, as a newbie it is very important to know much about Bitcoin and some ways that you can able to hold your coin for long periods, to invest is not the problem but being patient is important in term of investing because if you are not patient you won’t even believe in what you invest, and the last advise I can give as a colleague is to know how to keep your wallet secure, what I’m trying to say is that secure your wallet from people and be smart with everything you do online.

I totally agree with you. It is important to learn about Bitcoin before investing. Investing in Bitcoin can be risky and the market can change quickly but there are many strategies which can help you to make a good decision like mostly people like DCA method. Prices can go up and down fast. It is really important to be patient and think long term when investing. Also keep your wallet safe and be careful online to protect your investments. Because this is really important because we always listen many news about hacking. Keep learning stay informed and make smart choices. I will wish a Good Lunch to OP.

sotelorene

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I think you have done great by not rushing into Bitcoin investment without the knowledge of it cause you would've gotten yourself into a very big mess (loss,) and that would have result to discouragement and make you have the perspective that some people have about Bitcoin, that Bitcoin is a scam send most of them are people who refused to ask questions, who refused to ask for guidance and rush into it cause they want to make money overnight.

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Quote from: Bravut on June 11, 2024, 07:22:14 AM

-snip-
The right, basic knowledge is investing what you can afford to loss, Accumulate Bitcoin with a defined strategy which I would advise you DCA (allocating a certain amount for Bitcoin Accumulation, weekly, Quarterly, Monthly by doing so you buy at this intervals enabling you build a solid Bitcoin portfolio), with a plan which can be rules you will stick it, setting out emergency funds, so that as you accumulate you would not tamper with your holdings but can use the emergency funds during emergencies.
With this outline you are set to begin, allow market do her thing just have a long term view and be patient.

And if for whatever reasons Bitcoin's price doesn't continue rising, you would only lose what you could afford to lose. But the problem with the OP is that he made the wrong decision, not because he used money lent or whatever, but because he chose the wrong coin in retrospective. Chances are that he makes the same mistake again even if he accumulates Bitcoin now, so the clue is being indolent to loses.

Easier said than done, but every investment poses a risk, and the only way to avoid suffering to some extent is accepting on beforehand the possibility of losing.

Bravut

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If you ain't convinced yet, no need to push yourself to invest but I don't know what is making you doubt, is it Market volatility, People ideology of Risk, Fear.
The truth is, there is no right time to invest in Bitcoin, procrastination solves no problem.
The right, basic knowledge is investing what you can afford to loss, Accumulate Bitcoin with a defined strategy which I would advise you DCA (allocating a certain amount for Bitcoin Accumulation, weekly, Quarterly, Monthly by doing so you buy at this intervals enabling you build a solid Bitcoin portfolio), with a plan which can be rules you will stick it, setting out emergency funds, so that as you accumulate you would not tamper with your holdings but can use the emergency funds during emergencies.
With this outline you are set to begin, allow market do her thing just have a long term view and be patient.

HajiBagi

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Quote from: Sobz on May 06, 2024, 12:46:29 PM

How did you guys invest in bitcoin as beginners. What was your experience with the market volatility? A lot of people talk how investing in Bitcoin is good but risky, i don't want to rush to invest bitcoin. I need to be very sure of what I'm planning to go into. I don't know if I am making the right decision or I'm too sluggish to invest. I'm not really convinced maybe because I don't know much. Do you think this delay is good for me? I believe it is good for one to be sure and understand anything that involves money.

You did the right thing by asking before investing in Bitcoin, first of all before you invest in Bitcoin you have to understand what it means, you hear that a lot of people say that it is a risky investment. The reason why it is called a risky investment is that it is an unpredictable investment, you don’t know when the price will rise or fall and you can invest a huge amount and later you can see the price increase or decrease and in that situation, you might need the money or you might be in a situation where you want to sell it and use the money for something else and you can’t sell it for even the amount you bought it and that is why it is a risky investment.

Not only Bitcoin, every investment is risky because you don’t what will happen at the end of it, as a newbie it is very important to know much about Bitcoin and some ways that you can able to hold your coin for long periods, to invest is not the problem but being patient is important in term of investing because if you are not patient you won’t even believe in what you invest, and the last advise I can give as a colleague is to know how to keep your wallet secure, what I’m trying to say is that secure your wallet from people and be smart with everything you do online.

tomos81

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Quote from: Sobz on May 06, 2024, 12:46:29 PM

How did you guys invest in bitcoin as beginners. What was your experience with the market volatility? A lot of people talk how investing in Bitcoin is good but risky, i don't want to rush to invest bitcoin. I need to be very sure of what I'm planning to go into. I don't know if I am making the right decision or I'm too sluggish to invest. I'm not really convinced maybe because I don't know much. Do you think this delay is good for me? I believe it is good for one to be sure and understand anything that involves money.

Doing any hasty or bitcoin investment is risky. Could be a mistake or not the right time to invest, if you start hiring bills towards pumping the market and if it is short term then you are more likely to be at risk. And if you hire B during market dumping even if it is a short term investment you may face immediate loss. So investment is best if it is long term because if you invest it with patience it is definitely possible to get profit.

Ever-young

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Quote from: _act_ on May 06, 2024, 12:56:55 PM

If you do not want to risk, you do not need to invest in bitcoin. Know that bitcoin price can rise or fall. But know that bitcoin price has more chances to increase, I am expecting $100000 next but before this can happen might take time. It is good not to invest than the price to fall and sell and later see the price higher than the price that you bought it. But if you want to hold for a long time, why not just buy than to be afraid.

You are right but if us to accomplish our dreams into reality, we have to exercise more patient, which is the most wanted attitude in Bitcoin, that is to say if we are afraid of investing or trading in crypto, that we might loss our money.

That is why it's also crucial to study or know the basic knowledge of crypto before investing or trading, so that when the markets fluctuates at times, we won't be afraid or impatient to withdraw or invest our money and at last we will regret of our action. So let's be patient and careful with anything concerning crypto.

Fara Chan

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Quote from: Hazink on June 10, 2024, 09:06:05 PM

I see a lot of high expectation on Bitcoin price speculation this coming bull run; no one is looking below $100,000, which is a good one; it shows how much confidence the people have in Bitcoin, and I'm also among those who want to see bitcoin break above $100,000, which is an achievable target since we have already seen $73,000 climb by another $30,000, which won't be a big deal for Bitcoin this coming bull run.

Today Bitcoin again showed a slight price correction in the market and caused more altcoins to experience a simultaneous price decline in the market. Nevertheless, everyone should still remain optimistic in their hopes for $100K in Bitcoin as this slight correction will not be a big barrier for Bitcoin heading towards $100K as long as the demand volume never becomes small on Bitcoin. And I think the expectation for a price of $100K is quite reasonable if the bottom starts at $70K by Bitcoin.

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Quote from: lalabotax on June 06, 2024, 04:13:14 PM

Quote from: Sobz on May 06, 2024, 12:46:29 PM

How did you guys invest in bitcoin as beginners. What was your experience with the market volatility? A

Honestly, at the beginning I started accumulating investment in Bitcoin, of course by trying to convince myself first regarding understanding Bitcoin, the development of Bitcoin, and the possibility of Bitcoin prices in the next bull season. And I am one of the people who really believes that I will meet a bullish era with Bitcoin prices that could reach $100k.

I see a lot of high expectation on Bitcoin price speculation this coming bull run; no one is looking below $100,000, which is a good one; it shows how much confidence the people have in Bitcoin, and I'm also among those who want to see bitcoin break above $100,000, which is an achievable target since we have already seen $73,000 climb by another $30,000, which won't be a big deal for Bitcoin this coming bull run.

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Quote from: Sobz on May 06, 2024, 12:46:29 PM

How did you guys invest in bitcoin as beginners. What was your experience with the market volatility? A

Honestly, at the beginning I started accumulating investment in Bitcoin, of course by trying to convince myself first regarding understanding Bitcoin, the development of Bitcoin, and the possibility of Bitcoin prices in the next bull season. And I am one of the people who really believes that I will meet a bullish era with Bitcoin prices that could reach $100k.

So, when you first decide to start investing in Bitcoin, just buy it and then keep it well. And forget about that for now, and don't pay attention to it or it will increase volatility, with market corrections that cause Bitcoin prices to drop again and again. Yes, always maintain your intention and don't panic. So that's it, it will just go like that, from time to time you just have to be more patient to actually achieve the target.

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Quote from: Nwada001 on May 06, 2024, 12:53:26 PM

You really have done well to ask questions about what you want to invest in, rather than rushing into what you do not understand.

Yeah he really tried for asking questions on how to start up his investments in Bitcoin because a beginner needs to have some basic knowledge about the concept of Bitcoin before making investments because that is what will guide them in the process so he tried for asking for helps and direction and I believe with the opinion of members here he will compare and contrast on the best advice to follow up as a beginner.

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Quote from: Sobz on May 06, 2024, 12:46:29 PM

How did you guys invest in bitcoin as beginners. What was your experience with the market volatility? A lot of people talk how investing in Bitcoin is good but risky, i don't want to rush to invest bitcoin. I need to be very sure of what I'm planning to go into. I don't know if I am making the right decision or I'm too sluggish to invest. I'm not really convinced maybe because I don't know much. Do you think this delay is good for me? I believe it is good for one to be sure and understand anything that involves money.

It is better to delay your investment journey rather than rush because it is too risky to deal with the market with an empty mind and no-how about this, you will only just fail in the end. Better make ourselves prepare and invest first in building knowledge and ideas because this is the ticket of our success. We have to think that success never comes too easily and quickly, it all comes after hard work and patience. Therefore, those people who are in the rush mostly experience failure and losses but those who take and follow the process end with pleasure and more success.

OP, you are not just doing it right but you are exemplary in doing it. Having good plans will also result in something remarkable and positive.

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Quote from: Sobz on May 06, 2024, 12:46:29 PM

How did you guys invest in bitcoin as beginners.

Just like millions of others. Just buy it.

Quote from: Sobz on May 06, 2024, 12:46:29 PM

What was your experience with the market volatility?

What kind of experience can a newbie have? 0 experience.

Quote from: Sobz on May 06, 2024, 12:46:29 PM

A lot of people talk how investing in Bitcoin is good but risky, i don't want to rush to invest bitcoin.

Any investment involves risks. Somewhere more, somewhere less. It is generally accepted that bitcoin is a high-risk investment asset. It seems to me that in current realities, the risks are no greater than the traditional stock market.

Quote from: Sobz on May 06, 2024, 12:46:29 PM

I need to be very sure of what I'm planning to go into.

Increase your confidence with the knowledge you gain.

Quote from: Sobz on May 06, 2024, 12:46:29 PM

I don't know if I am making the right decision or I'm too sluggish to invest.

Only by trying will you know whether the decision you made is the right one.

If you are sluggish, then drink an energy drink

- make a small trial investment.

Quote from: Sobz on May 06, 2024, 12:46:29 PM

I'm not really convinced maybe because I don't know much.

Awareness of the problem is a half-solved problem. Find out more.

Quote from: Sobz on May 06, 2024, 12:46:29 PM

Do you think this delay is good for me?

You are delaying the start, which means you will arrive at the finish line (profit) later.

Quote from: Sobz on May 06, 2024, 12:46:29 PM

I believe it is good for one to be sure and understand anything that involves money.

I can't argue with you here.

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Quote from: Sebas.tian on May 07, 2024, 11:56:50 PM

Quote from: Sobz

How did you guys invest in bitcoin as beginners. What was your experience with the market volatility? A lot of people talk how investing in Bitcoin is good but risky, i don't want to rush to invest bitcoin. I need to be very sure of what I'm planning to go into. I don't know if I am making the right decision or I'm too sluggish to invest. I'm not really convinced maybe because I don't know much. Do you think this delay is good for me? I believe it is good for one to be sure and understand anything that involves money.

I think, the delay is very good for you because you need to learn from those that understand the Bitcoin investment very well for you to achieve the knowledge that will make you comfortable whenever you succeeded to purchase Bitcoin from the market and hold for the bullish season to come before you can release them for sale. Since you are a newbie, all you need to do when you have the capital to purchase Bitcoin, is to wait for the bearish season to appear which is the right time for majority of investors use to purchase Bitcoin from the market and hold for long term to make their holding profitable in the future. I will advice you not to rush into Bitcoin investment, because there are a lot of things you need to acquire before taking the bold move to purchase Bitcoin, and you will not have any challenges in your Bitcoin investment.

But Bitcoin will depend on you because a plan of how long you can hold the holding will certainly play a significant role. No matter how big you invest you must have a plan, because the only plan you can survive in is that you cannot save your holdings whenever your plan does not work properly as you may be forced to sell your holdings at any time. But of course advice from senior people is acceptable they know more updated information about Bitcoin and holding. But I give more importance to planning than these.

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Quote from: martinex

Investment is just relaxing, OP. Follow your heart and follow the pattern of people who have successfully lived, quite a lot of options and opportunities are given today in the crypto market. if you like BTC, buy and focus on the long term. Even if you come with a choice other than BTC, there is something you should know, the durability of BTC is tougher than other cryptocurrencies.

You don't need to be an hurry to join investment, when you don't have the idea, first achieve the idea before you will begin to follow people partner to achieve your goal because people use to buy coins when their price is low and hodl till their price is high before they can sell to make profits.

BTC still remain the king among other cryptocurrencies, which if you invest in BTC today, you will going to earn double profits in your investment in the future because it use to break into a new ATH every 3 or 4 years which many hodlers has experienced $73k as the highest price so far in this industry.

When you are doing the right thing in the industry, you will know because you have achieved the skills that will lead you through out the investment to become a successful investor.

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