Topic: Invest in bitcoin and forget the investment - page 5. (Read 1052 times)

I can't forget my investment; we're not in the early stage anymore. When we try to invest a decent amount of money at this time, don't expect that it will increase a hundred times in 5 years or less, as what happened in the past. We are in an era where Bitcoin is not the only coin; we also have altcoins that could gain attention from investors. Maybe let's try to be realistic: invest now and earn a decent profit, and forget about crazy profits. Lastly, always set your target.

Well, checking the market also has a good sides like when it suddenly drop the Bitcoin's price then it could be a benefit to accumulate Bitcoin. But checking and analyzing from time to time could drain you as the volatility affects the market also confuses you which could lead to bad calls. It's just a matter of discipline, maybe schedule yourself whenever you want to check the market like once a week or month, cause investing is literally good especially for a long term. Investment should make you feel secured and doesn't have to make you feel stressed unless you don't know what you are doing. Monitoring might be for short term investment cause long term are surely hodlers that doesn't care about the Bitcoin's value at the moment.

Bitcoin is one of investors' favorite coins to invest in ahead of the next bull market and many people believe this will happen after the halving event and will provide greater profits. Currently, I personally have also accumulated a little bitcoin by buying it when there was a good opportunity and I also plan to continue holding it until the bull market arrives because I don't want to lose momentum.

Talking about prices, it is very possible that bitcoin will touch the $100k area during the bull market next year after the halving, because if we look at past history in 2020 bitcoin was trading in the $9k area and then when the bull market occurred in 2021, Bitcoin was trading close to $70k area, so with Bitcoin price currently in the $27k area, it would be easy for Bitcoin to touch $100k during the next bull season.

That's a pretty good method to keep us mentally and psychologically awake, of course by seeing a lot of things happening behind especially for those we don't want indirectly it will disturb us a little and it is very likely that your confidence to keep doing HOLD will decrease, after that you might sell it quickly because of fear. As we know the market moves very volatile, anything can happen there, but that's natural because it's one part of the risk we have taken, we shouldn't make things like that completely doubtful.

So if you are already very confident in the investment that you have previously done with all your best plans and strategies, you don't need to worry too much there, especially if the target you are pursuing is long-term, it is quite safe, unless you are the type of short-term investor I admit that worry is reasonable. If you are very confident that the bullish phase will be achieved then don't worry too much about the bearish phase that is happening, especially for a long period of time, you will definitely find a good area to sell.

The best way to invest bitcoin is never to invest and look back, it  can be a big distraction that because the market is always volatile,  looking at the price of the market can really be a reason why some  people may not focus on their investment.  Bitcoin is a long-term investment I don't see why people will always keep their eyes on the investment check the market If the price is going up or down. No need to be monitoring an investment it the price has gotten to a good increase it will be something that will be known all over the news, so need to put mind on an investment.

Good one but believe me, it doesn't make sense if you invest and just play blindfolded over your investment rather it is wise to talk about investing on BTC with no hesitation to temper maybe due to Financial challenges or due to an overwhelmed income made.

I want to say BTC is more profitable if hold on a long time but not to lost focus on the marketing surveys and monitory ship.
You know you can Invest and lost focus of it so it has you the potentials of tender you inaccurate endurance of personal details like your passwords and your personal keys and so much as doesn't give you an impression but unassured hope.
I can also tell you that if your Bitcoin is fast quite rising impressively by your awareness, it could trigger your addition to invest more.

However, there would be always a time one is to temper his Bitcoin depending on the interest rate over a period of time.
No investment is more super impressive than when you could release your capitals and keep trading with your income that is when you have a 100% tolerance to gamble with it on a State of mind that you can hold your BTC as many years as.
And verily, BTC is quite approaching taking over the digital market I hope to make an impressive rate value on my BTC investment that would seem a mind-blowing somedays.

Apart from necessity and emergencies so they need to sell their bitcoins, there are conditions when the price rises so high and they sell them. I don't think it's a guarantee that people who hold bitcoin for a long period of time will make more profits. Maybe now there are people who regret not selling bitcoin when the price was $60k, and maybe people who have sold bitcoin at $60k are luckier because now they can buy bitcoin at a cheaper price.

I think everyone has their own strategy, except for the big players who keep bitcoins for certain purposes so they don't have to sell their bitcoins.

Overall, your advice is good, it's one or type the bitcoin discussion board have really gotten used to as we can't count up to seven thread without one being someone advising us to invest in bitcoin for the coming bull run, like we were supposed to be reminded to do that..

However, the line I quoted above doesn't seem to sit well with me, most especially, you mentioning the word "Billionaire", makes me wonder if you really know what being a Billionaire means, and what it takes to become one..

If I ask you how much money you need to invest in bitcoin right now, to make $1 billion dollars in profit, when bitcoin hits $100,000, can you answer?

Op are you trying to say that bitcoin is a source of get rich quick project? No! That's not what you mean.

Assuming am a newbie or a total novice to bitcoin and am reading this message of yours about bitcoin for the first time.

The first thing that would come into mind is that, oh wow, so if I invest now in no time I will turn a billionaire immediately the bullrun sets in.

Out if euphoria about what I have read inmay decide to sell my properties and buy bitcoin in the quest to turn a billionaire in the next few months based on what I have read.

 But waiting for months, months turn into a year and more still haven't turned to a billionaire probably maybe the bullrun didn't take place as a result of some market forces. The next you hear is they have been deceived.

This is how the accusations of some people calling bitcoin a scam project emanates from. Because more or less of us didn't send our messages out in the right or appropriate explanations regarding what we know.

We may be sending another message and it may be meaning something completely different to some novice somewhere that's why we have to pay attention to how we express it.

The truth is that no approach is flawless, regardless of whether you are the type to buy and hold or the type to buy on a regular basis. The annoying little issue known as market volatility is constantly present. Consistency is crucial, my friend. However, you might counter, "But if I just wait for that sweet spot when the price drops..." hey, maybe you're onto something there.

Would it even exist if everyone waited for that sweet spot? Bitcoin specifically is extremely erratic in the crypto world. Its like attempting to locate that one sock that constantly disappears. But honestly, always do your research and never risk more than you can afford to lose, whether you're buying big or going for the DCA.

Well, I don't think that's what the OP is trying to say. As I understand it, OP's idea is that after investing in bitcoins, we should store them in a safe place and forget about them for a while. We avoid checking prices or constantly accessing our portfolio every day because it can easily create pressure and cause us to make wrong decisions. Many people have fallen into that situation, they check prices and portfolios every day and when they see the market dumping, they panic sell bitcoin. After the market recovered, they regretted their decision.

Psychology and emotions are difficult to control, so in long-term investing we should avoid reading too many Fuds or checking prices too much.

For the past one or two months, the bitcoin price has been a good price for someone who wishes to invest in a currency. We are expecting a good future for bitcoin, but it will also be a great opportunity for those of us who use the opportunity right now, take the risk, and invest when the bull run arrives. We are all going to smile, as we are anticipating. But, OP, did you really believe that someone who invests a little will be a billionaire in the future of bitcoin? Nah mate. When you mention this billionaire, some people may be convinced, or someone who still lacks knowledge of how the market fluctuates may get convinced and invest a large amount of money, so let’s just invest the amount we can afford to lose, and we believe we can hodl for a long period of time.


You said a very important thing, mate, is that we really need to consider this before making decisions to invest in bitcoin so we won’t regret our movement at the end of the day, because that is what is affecting some investors who are new to the market. As they don’t think about this before investing, they need to understand that this is a long-term game. If they are really ready to get involved, they need to be patient and invest the money they will not need in a short period of time because a bitcoin investment is worth it whether today or tomorrow.

If you plan to become a billionaire during the next bull run using bitcoin then I hope you already have hundreds of millions of fiat on your bank accounts, as this is the only way this could happen, now I also do not agree with this idea of just buying bitcoin and forgetting about it, as we have seen many cases of people that did exactly that and they just lost their seed words, the passwords to the computers in which those coins were stored or their coins got stolen months or years ago and it is not until later that they realize the truth.

This is a good point, even though there are definitely results that are owned when we buy bitcoin and hold it but in the end this also depends on the capital we have and I don't really like this method because I realise that the amount I invested is minimal so instead of buying and forgetting about it I prefer another strategy by buying DCA especially for prices that are still worth buying like when the crash like a few months ago which can be said to be still holding until now so this will be better for my portfolio and I will be quite comfortable with the investment I made.

If you have large financial resources, there is nothing wrong with buying and forgetting until a certain period of time or your desired sales target, but if you have smaller finances, I think just letting it sit will not give optimal results and it would be better to make regular purchases again and again.

The dip will never end if you want to wait for the dip to accumulate bitcoin. If you are planning to invest in bitcoin do it now. Gradually increase your investment or be consistent in your investment so that you can get a better average price. Don't think bitcoin won't go below this level or that it can't go higher than this. Bitcoin can do miracle and there is no actual support or resistance level for it.

Invest in bitcoin and forget it later on is actually a very profitable strategy when you want to invest without being bothered how its price will pump or dump in the next days. Otherwise, if you keep on thinking about your investment and would be more aggressive with your profits, yes you can still be profitable but not in a way that brings big satisfaction on you. It will only push you to be more greedy which I think is very unsafe when you are investing. Instead, forget your investment and act as you don't care about its daily price, until you finally realize that bitcoin has reached another all time high and it's time for you to sell and make exceptional profits.

It isn't a good advice to forget about your investment because if you clearly see the history, those who held BTC could have made a lot if they'd have sold even part of their investment during the bull run and have bought more when it crashed. There are opportunities every few years in crypto, so it's best to take those opportunities and further increase the size of your coins.

There are people who do just simply forgot the basic principles of investment on which making out some claims or targets without even trying out to make some calculation. Investing a few thousand cant really make

you a millionaire even if the price of Bitcoin would be hitting up 5-10x or more and its true that it would really be always according on how much you had invested and it would really be that reflecting out with those kind of probabilities and this is something that needing up that risk management. Bitcoin did really have that huge support and recognition but it doesnt mean that you would really be forgetting about on the accompanied risks. Always invest on the amount on which you can afford to lose and never ever make yourself go into a certain extent on making out some investment without having those risks management.

There's no such thing about assured thing on this world on which means that whatever things that you are dealing with and as long it do talks about investment then
it would be always wise that you do set up your goals and targets and always mind about risk management.

I don't support investing in Bitcoin and forgetting; rather, we should monitor the price and take advantage. Imagine you bought Bitcoin at 25K. Yesterday it was 28.5K, so it's not bad you took advantage of that. You may sell it and buy it back again at the current price. I won't say it's highly risky. After a sudden pump, Bitcoin always dumps. So every sudden pump we can use to make some extra money. But still, we will hold Bitcoin. So even if there is a bull run, we can capitalise on it. If no bull runs for a long time, we also make money.

I would have done the same if I had Bitcoin because even seeing it every day would make it tempting to sell sometimes, but if I don't see it at all my mind won't be there. Then I can get maybe a market app that gives me an update on how the price is going, even if I am emotional I will no bother much because of the faith I have in Bitcoin, I see how people complain about how it is hard to manage emotions, and since I fully know that is a long term investment I try as much as possible not to touch it if I don't see it and once the bull run starts it's going to be loud even without the market app you will know.