Topic: Invest in bitcoin and forget the investment - page 3. (Read 1052 times)

In my opinion, real estate is the safest type of investment, but perhaps the most expensive of all. You're owning a piece of property that you can manage in many different ways: rent it, flip it for profit, turn it into an Airbnb, or simply live in it and avoid the stress of renting. The majority of landlords are awful and simply don't give a damn about providing a functional property at a reasonable price.

Achieving high returns by holding Bitcoin isn't a fast process either. From previous halvings, provided that the halving does in fact contribute to a potential bull market, it might take up to 4 years to notice a major recovery, something that happened already during previous cycles, and it's certainly not guaranteed. Personally, I don't have high hopes; I haven't seen any indication that we'll see a new ATH anytime soon. Maybe I'm too much of a pessimist, but I'd rather be down to earth than too confident. However, I wouldn't be surprised if Bitcoin crosses the $50,000 mark within 2024, which is still a significant milestone, yielding as much as x2 results.

   Yes it important to have a plan and target. The plan should include good capital, proper risk management, discipline, patience and consistency if one needs to really thrive in bitcoin, it an investment that can will yield good returns if followed with caution and with patience of course. Newbies need to know that hodling is still part of the process, you can’t skip the process regardless of when you step in. It’s is important to also note that Bitcoin investment is for the long run.
  People who use good capital to invest and are patient enough to see Bitcoin hit its new all time high will benefit from its glory. This won’t be a problem for a crypto enthusiast cause he or she is familiar with the game but lack of discipline can cause one his money. Greed is another great bad traits one should have while going into bitcoin investment, there’s is enough time to make it, you’re not to late to start your journey.

Investment planning must be made. although actually those who just buy Bitcoin then hold it in their wallet, then sell it when they want to sell are also not bad. but it was an investment that wasn't really planned.
After the plan is made, the hardest thing is trying to be consistent with the plan we have made. as you said, there will be many situations that can occur in the hoding process that we carry out. Determining the selling price also needs to be done, and some beginners also make this plan because they feel it is quite easy to achieve.

Well, this should be done to even the first time you created your account, like saving your passwords, private seeds and like the password of your laptop, something like that. Cause there's always a scenario, I don't know if it's applicable to anyone but it's like a muscle memory for us to always use something like typing our users that even not looking on our keyboards we still manage. So for sure after not using or holding for 3 years eventually we don't have any idea anymore about our password and private keys so resulting to these kind of incidents. Even for months you can already forget this important keys. Maybe if you're doing DCA method then you could always check your keys to have muscle memory to it and eventually memorized it.

The way to do is also to steady yourself whatever happens during the holding period, because it is possible that something may not go smoothly according to plan. And in this case, investing in Bitcoin also requires good and wise asset management. So that during the bull run, we already have an idea of what we should do, so as not to miss the moment, not to be too greedy which ends up backfiring on us. In that situation, we sometimes need to decide to set a price target beforehand, perhaps several price targets so that we have more opportunities to gain profits. What is certain is, don't go all in on just one target that is too high. Who knows, it won't be achieved and we will get it too late.

We are really just humans and its just normal that we would really be that reactive whenever we do see our investment do make out some negative value then it is really hard to resist to be making yourself numb
and wont really be making out some reactions basing up on your investment condition. If you do have plans on long term holds then it would really be that better that you shouldnt really be often making out some checks into your Bitcoin investment or with some top altcoins or L1's that you do have on your portfolio on which on the time that you do really make out some investment then you should really be that not peaking on the market condition to be that active. Unless if you are really that having that good control towards your emotions and having that discipline then it would really be just that fine but we know that not all
people would really be having that kind of control on which on the time that they do see prices are dropping then they do really that become that impulsive.

In my case then im not really that much in concern with my holds yet i've been accumulating Bitcoin ever since and doesnt really have any plans on spending or converting it out unless
if the price do reach out with those peak prices or the peak of bull run then i might really be that be selling it off and doesnt really need to wait for another
bull year cycle.

Why does someone need to wait for the early of next year? If he really wants to invest in Bitcoin, now is the right time to buy Bitcoin. The price is still around $26k, it is still cheap price for Bitcoin. If we wait for the early of next year, the price potentially grows faster in the next year due to the hype of BTC halving. I'm sure the price will be above $30k if we plan to buy Bitcoin in the early of next year. I don't think the price of Bitcoin can be below the current price in the early of next year. How can the price to be lower than the current price when it is almost reaching the BTC halving. 

Now is absolutely the right time to buy. Sure, we must always understand how to deal with the risks. Although it is safe to buy now, it doesn't mean having no risk. However, I'm pretty sure buying Bitcoin when it is almost reaching the halving time, is more secure than buying during the bullrun time. 

i like your idea of suggesting people who invest in bitcoin forget the bitcoin they bought for a moment and then remember it again in the next 3 years or so lol, but you have to remember to always protect the password and also the private key of the personal wallet where you store your bitcoin, don't let it happen because you want to forget for a moment, you forget where you put your password and private key ^{(you have to learn from several incidents of people who lost their Bitcoin wallet private keys because of their own negligence)}

Bitcoin's associated with it makes it a great investment vehicle if you are looking for long term gains. Digital currencies can be long term investments due to their high market demand. Inflation risk is low. Bitcoin is more stable than it has been in years and the next half is fast approaching. Considering the current market conditions now may be a good time to invest as long as you are aware of the risks.

l think investing in bitcoin now is good, but someone can also invest in the earlier part of next year. One can still get bitcoin within the range of twenties or even less price than it is now considering past halving.  So it depends on what one wants to use one's money for right now, the usefulness and the gain. One may decide to invest now or at a later date like early next year, monitoring every step along the way with utmost caution.

Sometimes the return on investment in real estate can take a very long time, but if the investment is made for the purpose of diversification it can be an acceptable move. And to invest in real estate you need to have large funds, and Bitcoin in this regard is much more accessible to everyone. Real estate can also require your attention, time and even finances, but with Bitcoin everything is simpler, it just needs to be carefully hold and will not require any additional expenses.

Well, we know that making a suggestion is easy but it's hard to follow. Even I can make a lot of good suggestions but when you check me in real life, you will notice that I do not follow these things myself. LOL. Isn't it ironic? I don't think the thread creator will be able to forget about his investment. So, it's absurd to suggest something that you do not follow.

You pointed out a good thing. The halving event is ahead and it's the most appropriate time when Bitcoiners start looking at their Bitcoin price. Because this is the time they were waiting for.

For investment in the crypto space I only choose Bitcoin, because apart from Bitcoin I only use other cryptocurrencies as assets to seek profit in the short term, but I also like to invest outside the crypto space like I do in some real estate because for me real estate investments It is also quite profitable even though the level of profit is very different from Bitcoin investment. Everyone needs to understand all investments as long as they are good enough for them, even though they all clearly contain risks, but as long as they are still able to minimize the risk of each investment, there is no harm in making several investments with very different methods.

Your heart can really race faster on this emotional rollercoaster as prices rise and fall. It's similar to watching a screen as your feelings move in time with it. Holding long term, then? Yes, it's a tactic, and it brings calm to a lot of people. As you mentioned, forgetting about it lessens the anxiety and excitement, correct? However, consider this idea, which is actually a problem: What if a significant development occurs in cryptocurrency during that "forgetful" period?

Keeping up with current events can change everything. It is about being informed rather than responding to every upswing and downs. Being informed enables us to make decisions with confidence. Because sometimes having the right information can make all the difference in the world of Bitcoin and investing. Recall that experiencing such feelings is normal; after all, we are human. Balance is the key, my friend. balance

A lot actually do have that kind of behavior. As people want to do long term holding and do not want to do anything if ever the price suddenly go down, it gives a little panic for many or if it goes up that gives us the excitement of selling it too early. If you forget about it, the higher probability to hold it for a long time.

Yes, there will be no worries, fear, or any emotion to feel. However, this may also lead you to possibility of missing to take a profit when Bitcoin reach the highest price. That's why it would be better to at least keep yourself updated on anything crypto related news when investing.

I would agree with you that most of those "investing" in bitcoin should make a purchase/investment and let it ride.  I wish I had taken this advice from myself many years back when bitcoin was around 200 dollars.  That being said if you're good at trading digitial assets, have at it, but most people aren't..so trying to play the market, short term buys and sells here and there are likely less profitable than just buying and holding long term.  IMHO anyhow.

In the title that Op made, I do that kind of behavior when I invest, to be honest. This is if what I want in a crypto asset is long-term. Or maybe it's a kind of meme coin. I just don't know if anyone else is doing the same thing as me, and I feel like I'm not alone. And the creator of this matter probably does the same.

Because when you have this mindset with a cryptocurrency, you really don't have to worry about anything that happens in the crypto market. You will not be worried or scared because all we think is that if we know that the price value has really increased, we will return it to sell it and harvest the benefit it can give us, and if there is not, then there is no problem for us. .

Investing in Bitcoin has proven to be a lucrative investment right from onset, the early starters can attest to that. It is important to note that we can also have some other benefits accrue even while hodling our token as investment just like the Flexible savings programs.

Bitcoin investment is suitable for those who can hold for the long term. There are many people who invest in Bitcoins and after a few days have to sell them for personal needs or family needs. If the Bitcoin market falls far below the purchase price, the investment must be sold to account for the loss. What the OP said here is absolutely correct because investing in bitcoins is never considered an investment until you get a huge amount of profit from it. If you have to wait a long time for this, definitely wait. Remember that you can earn huge profits in Bitcoin investment even if it is late.

I agree with you, I believe we all know that the longer we buy and hold bitcoin, the greater our chances of making profits. Although it sounds easy, I don't think many people can do it. We invest in bitcoin with the ambition of making high profits for a better life, so it is hard to say that we should forget about it or not check the price every day. I bet you that no one can do that when our minds are always thinking about bitcoin. The halving event is approaching and many people are counting every day, so how can we forget our investments for a while?