Invest in bitcoin and forget the investment - page 6.

Crypto Library

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Quote from: coinerer on October 03, 2023, 01:36:29 PM

I always comfortable to say my own story. I can never forget an investment after making it be it in Bitcoin or anything else. And I think it happens to everyone because it's almost impossible to forget where financial matters are concerned. But one strategy that can be adopted is to keep bitcoins in a wallet and hide the private key of that wallet somewhere and keep that wallet removed from the computer or mobile phone so that the wallet is not easily accessed and busy with other things. It may help to forget about the investment. But not guaranteed

Well buddy, then you are very concerned people. I have been forgotten many times, because the investments were divided into several parts. I still have bitcoins invested in past bullruns and some alternative coins in holdings. Sometimes I forget about them, so I use Google spreadsheet to remember.
But the advice about your wallet was nice. I think it is best to adopt this method. Because the hardware wallet can sometimes be damaged due to hardware damage or any other reason. Moreover, cryptocurrency is currently illegal in my country, so we have no chance or high risk of using hardware wallets.

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Quote from: Z_MBFM on October 03, 2023, 12:20:23 PM

Quote from: kro55 on October 02, 2023, 11:13:23 PM

Quote from: jasonjm on October 02, 2023, 10:41:54 PM

Buy and Hold is a viable strategy that most investors follow. I am of the opinion that it is wise to invest in Bitcoin and hold it for at least ten years if you actually want to be a millionaire. Bitcoin is a long-term investment. Invest in Bitcoin whenever you have the chance.
At the moment, when the price is down, most investors are fearful and not willing to invest in Bitcoin, but if the price increases, they will all come looking for huge profits, but most of them will fail to do so because the price will be very volatile and could result in panic selling.

Even if you hold it for 20 or 30 years, it won't make you a millionaire. It also depends on the amount of capital you invest in bitcoin, you cannot expect you to just invest a few thousand dollars in bitcoin and believe that it will make you a millionaire in 10 years. Yes, bitcoin is an investment that will yield good results if held for the long term but there is no guarantee of that so don't assert anything about the future. When talking about investing, not just bitcoin but with any investment, always think about risk rather than just thinking about profit.

We all know that investing in Bitcoin is profitable and if we look at the past history of Bitcoin we can see how much Bitcoin has grown and it will grow much more in the next 10 years which we may be able to predict now but we are not saving Bitcoin for the future. It may not be possible to forget by investing because we are human and we have a lot of emotions due to which we cannot forget by investing. Due to which our investment is rarely possible to do long term. But if a person is able to do this then investing in Bitcoin can be a big surprise for him on next 10-20 years. So I would say to the op that this is a very good strategy to gain huge profits from Bitcoin

I always comfortable to say my own story. I can never forget an investment after making it be it in Bitcoin or anything else. And I think it happens to everyone because it's almost impossible to forget where financial matters are concerned. But one strategy that can be adopted is to keep bitcoins in a wallet and hide the private key of that wallet somewhere and keep that wallet removed from the computer or mobile phone so that the wallet is not easily accessed and busy with other things. It may help to forget about the investment. But not guaranteed

Z_MBFM

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Quote from: kro55 on October 02, 2023, 11:13:23 PM

Quote from: jasonjm on October 02, 2023, 10:41:54 PM

Buy and Hold is a viable strategy that most investors follow. I am of the opinion that it is wise to invest in Bitcoin and hold it for at least ten years if you actually want to be a millionaire. Bitcoin is a long-term investment. Invest in Bitcoin whenever you have the chance.
At the moment, when the price is down, most investors are fearful and not willing to invest in Bitcoin, but if the price increases, they will all come looking for huge profits, but most of them will fail to do so because the price will be very volatile and could result in panic selling.

Even if you hold it for 20 or 30 years, it won't make you a millionaire. It also depends on the amount of capital you invest in bitcoin, you cannot expect you to just invest a few thousand dollars in bitcoin and believe that it will make you a millionaire in 10 years. Yes, bitcoin is an investment that will yield good results if held for the long term but there is no guarantee of that so don't assert anything about the future. When talking about investing, not just bitcoin but with any investment, always think about risk rather than just thinking about profit.

We all know that investing in Bitcoin is profitable and if we look at the past history of Bitcoin we can see how much Bitcoin has grown and it will grow much more in the next 10 years which we may be able to predict now but we are not saving Bitcoin for the future. It may not be possible to forget by investing because we are human and we have a lot of emotions due to which we cannot forget by investing. Due to which our investment is rarely possible to do long term. But if a person is able to do this then investing in Bitcoin can be a big surprise for him on next 10-20 years. So I would say to the op that this is a very good strategy to gain huge profits from Bitcoin

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Quote from: Negotiation on October 03, 2023, 06:32:52 AM

I also think it's better to invest in bitcoin nothing to forget here long term investment in bitcoin will give good returns. Currently, its price has decreased but it will go up again just have to wait patiently even if the investment path fluctuates, a steady return can be obtained from here It is a digital asset primarily cryptocurrency is a network based which is spread over several computers The decentralized structure of this virtual currency is such that no government or central authority can regulate it through legislation. Individuals can do everything on their own as part of an investment plan, or if you want to hold that bitcoin for years to come it can be worth it.

Everyone has their own strategy for investing in Bitcoin, of course they expect profits from the investment they make, some buy and hold it for a long time to make a profit and some follow DCA to make a profit. If we have enough capital to invest in Bitcoin then we can buy it and save it for a long time to get a profit, but if we only have enough income for our needs then we need to save a little from what we need to be able to invest, but according to I if we have the desire to invest in bitcoin then we can start it whenever we want.

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I also think it's better to invest in bitcoin nothing to forget here long term investment in bitcoin will give good returns. Currently, its price has decreased but it will go up again just have to wait patiently even if the investment path fluctuates, a steady return can be obtained from here It is a digital asset primarily cryptocurrency is a network based which is spread over several computers The decentralized structure of this virtual currency is such that no government or central authority can regulate it through legislation. Individuals can do everything on their own as part of an investment plan, or if you want to hold that bitcoin for years to come it can be worth it.

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Quote from: sokani on October 02, 2023, 11:41:04 PM

There's no better time to invest in Bitcoin than now. The bear season is always an opportunity to buy and hold for the bull season to kick in. A wise man is someone does not procrastinate, he sees an opportunity and grabs it with both hands. Early this year bitcoin price was sitting at $15k but look at where it is now, but this is just the tip of the iceberg. There's no bottom, so there's no point waiting for the price to drop further, you can buy a lump sum and hold or be doing DCA and gradually be increasing your holding.

Another reason why it's better now to make an investment in bitcoin is when we consider the present market condition, which shows a little ability for the market to rise more since we've marked the limit of $28,000 anything can happen further more within this month of October that may lead to the market rise the more to the rate of $30,000 or more, this could also signifies that we are still on the dip as long as we are far below the all time high of $68,000 one can buy now and hodl.

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Quote from: kro55 on October 02, 2023, 11:13:23 PM

Even if you hold it for 20 or 30 years, it won't make you a millionaire. It also depends on the amount of capital you invest in bitcoin, you cannot expect you to just invest a few thousand dollars in bitcoin and believe that it will make you a millionaire in 10 years. Yes, bitcoin is an investment that will yield good results if held for the long term but there is no guarantee of that so don't assert anything about the future. When talking about investing, not just bitcoin but with any investment, always think about risk rather than just thinking about profit.

Many people were able to see the opposite when investing in Bitcoin when a strong bearish trend began. They still don't dare to sell. So they are waiting for the upward trend to begin again. Can you imagine how much time was wasted?
I would recommend considering several investment instruments at once when creating a crypto investment portfolio. This will at least somehow help reduce the risks.

Franctoshi

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Sometimes it seems people are very overwhelmed with the profit in such a way that they only focus their attention on profiting from BTC investment and forgetting the freedom it gave us, otherwise, people will not be thinking about short-term Bitcoin investments.

Therefore, if you must invest ensure to invest with the money you don't need today or tomorrow, and if not, then you shouldn't think about investing at all, because investment into Bitcoin is a long-term game, else there is a high degree of certainty that you would get disappointed as Bitcoin is not a get-rich-quick scheme and it only rewards the most patient ones base on records.

Broadanbig

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So far from the little research and findings, I have read many people making comments on Bitcoin investment being very much safe and of good benefit for investment compared to other shitcoin. Bitcoin has created a niche for itself that in years to come nothing can beat it's dominance as far as blockchain is concerned. Although the price fluctuation is a normal thing but the longevity is what we are looking at because it has a longer lifespan unlike others that will just crash and go.

It is good you took such a bold step to invest in Bitcoin and there is nothing bad about that because Bitcoin would remain for years to come and will keep going high in price as time goes on. Although it is advisable to invest with funds you can afford to lose so that whatever be the result of the investment would not bother you since you are in for a long term investment. Do well to save your asset in a well secured wallet so that you would not lose it to hackers.

bayu7adi

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dont be greedy

This is akin to the "don't expect" theory, where, after acquiring Bitcoin, if you make an effort to forget about it and refrain from constantly checking its price, your emotions can be diverted elsewhere. This approach aligns well with long-term investment strategies. Consequently, bearish market phases may pass by without the BTC holders even noticing. Conversely, during bullish market trends, Bitcoin will make its grand appearance in mainstream media, bringing smiles to the coin owners.

Go ahead, but never draw too much attention by enticing others with promises of Bitcoin profits. Not everyone can implement the emotional control method you've explained in this thread.

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Quote from: sokani on October 02, 2023, 11:41:04 PM

Quote from: Onyeeze on September 30, 2023, 05:20:01 AM

Bitcoin investment, this is the opportunity for someone who wants to invest in bitcoin to invest in bitcoin without looking back, because anyone that invest in bitcoin now will make a profit during bullrun, the price of bitcoin is fluctuating and it does want to up since the price has being to twenty six thousand [26] is over one month or less than one month the price is being unrotational for price, I think that any one that plan to become a billionaire in bitcoin this is the opportunity to invest in bitcoin against next bullrun.

There's no better time to invest in Bitcoin than now. The bear season is always an opportunity to buy and hold for the bull season to kick in. A wise man is someone does not procrastinate, he sees an opportunity and grabs it with both hands. Early this year bitcoin price was sitting at $15k but look at where it is now, but this is just the tip of the iceberg. There's no bottom, so there's no point waiting for the price to drop further, you can buy a lump sum and hold or be doing DCA and gradually be increasing your holding.

A lot of people invested in bitcoin, and when the bull run begins, a lot of people will profit from that season. That is for those who did not sell and are still holding because a lot of people started holding but along the way due to one issue or another they sold the entire thing off. When we say hold we are talking about genuine holders. Since it is the bear season, interested parties can buy now. nor those who walk with one leg in and one leg out. The key to investing in bitcoin is patience failure to do so will result in losses. The day of harvest is coming very soon.

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Quote from: Onyeeze on September 30, 2023, 05:20:01 AM

Bitcoin investment, this is the opportunity for someone who wants to invest in bitcoin to invest in bitcoin without looking back, because anyone that invest in bitcoin now will make a profit during bullrun, the price of bitcoin is fluctuating and it does want to up since the price has being to twenty six thousand [26] is over one month or less than one month the price is being unrotational for price, I think that any one that plan to become a billionaire in bitcoin this is the opportunity to invest in bitcoin against next bullrun.

There's no better time to invest in Bitcoin than now. The bear season is always an opportunity to buy and hold for the bull season to kick in. A wise man is someone does not procrastinate, he sees an opportunity and grabs it with both hands. Early this year bitcoin price was sitting at $15k but look at where it is now, but this is just the tip of the iceberg. There's no bottom, so there's no point waiting for the price to drop further, you can buy a lump sum and hold or be doing DCA and gradually be increasing your holding.

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Quote from: Asuspawer09 on October 02, 2023, 11:59:36 AM

Quote from: Onyeeze on September 30, 2023, 05:20:01 AM

Bitcoin investment, this is the opportunity for someone who wants to invest in bitcoin to invest in bitcoin without looking back, because anyone that invest in bitcoin now will make a profit during bullrun, the price of bitcoin is fluctuating and it does want to up since the price has being to twenty six thousand [26] is over one month or less than one month the price is being unrotational for price, I think that any one that plan to become a billionaire in bitcoin this is the opportunity to invest in bitcoin against next bullrun.

The way I'm looking at next bullrun am thinking that the bullrun will be something that will push bitcoin price to approach hundreds thousands [100] for the price, but people will not invest now. I split my funds currently to different of coins expecting that if I don't make profit in any of the coins when bullrun comes I will surely make profit in bitcoin because bitcoin price now is no longer going downward or going upwards, but any move the price will make to go up the price will increase, I'm expecting the price of bitcoin to rise in 2025 and 2026 so any investment in bitcoin should be expected till next two years or three years time. Summary, invest in bitcoin and forget about the investment and hope that you will make profit after some years coming.

I mean for sure it is probably an effective strategy if you're just going to forget about your Bitcoin because probably the market price is just going to increase when it already Bullrun and the easiest way to hold your Bitcoin is just to forget about it so that the price is going to increase over time. But I guess it is just easy to say, if you can actually do that it's going to be a good strategy but it wasn't really easy since when the market drop there are always fear, and most of the investors are getting FUD, and ended up selling their Bitcoin at a wrong market price.

Still the best thing I guess is just to DCA since if you can really buy Bitcoin at big volume since it's going to be expensive, Bitcoin is still a very risky kind of investment even though we said and believed this kind of things that probably it is going to happen or we are going to make a good profit when the Bullrun comes as long as we hold our Bitcoin. It is still not a guaranteed investment because the market price is just determined by a lot of factors and one of it is just supply and demand, and there was really no proof or anything since it's a digital currency it doesnt have any tangible assets like gold. So in the end all of it are just speculation it wasn't guaranteed that it is going to happened, we dont really know if Bullrun is still going to happened.

Many things in life are similar in this regard. When you plant a seed, you dont keep checking to see if it has sprouted every day, do you?

While its wonderful to assume that Bitcoin will rise simply because we have faith in it, doing so is somewhat like to convincing yourself you'll win the lottery simply because you purchased a ticket. Thats funny, huh? I mean, there are a tonne of variables at work. Supply, demand, Elon's tweets... its a sheer madness

DCA is no doubt a good strategy, but lets remember it' not a one-size-fits-all. Who claims that Bitcoin needs to have physical assets like gold, even though it doesnt? After all, this is the digital era.

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Quote from: jasonjm on October 02, 2023, 10:41:54 PM

Buy and Hold is a viable strategy that most investors follow. I am of the opinion that it is wise to invest in Bitcoin and hold it for at least ten years if you actually want to be a millionaire. Bitcoin is a long-term investment. Invest in Bitcoin whenever you have the chance.
At the moment, when the price is down, most investors are fearful and not willing to invest in Bitcoin, but if the price increases, they will all come looking for huge profits, but most of them will fail to do so because the price will be very volatile and could result in panic selling.

Even if you hold it for 20 or 30 years, it won't make you a millionaire. It also depends on the amount of capital you invest in bitcoin, you cannot expect you to just invest a few thousand dollars in bitcoin and believe that it will make you a millionaire in 10 years. Yes, bitcoin is an investment that will yield good results if held for the long term but there is no guarantee of that so don't assert anything about the future. When talking about investing, not just bitcoin but with any investment, always think about risk rather than just thinking about profit.

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Buy and Hold is a viable strategy that most investors follow. I am of the opinion that it is wise to invest in Bitcoin and hold it for at least ten years if you actually want to be a millionaire. Bitcoin is a long-term investment. Invest in Bitcoin whenever you have the chance.
At the moment, when the price is down, most investors are fearful and not willing to invest in Bitcoin, but if the price increases, they will all come looking for huge profits, but most of them will fail to do so because the price will be very volatile and could result in panic selling.

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Quote from: BigBos on October 02, 2023, 07:03:38 PM

Even though what you said is true, I don't really agree with saying forget about the investments we make because to achieve maximum results we certainly have to try again and again, especially if the capital we have is minimal in every month or every week, therefore there are several strategies such as DCA or buying when there is momentum such as bitcoin crashing is also important.
Investing in bitcoin buy, wait and forget a few years it would be good but it would be even better if buying again and again when we have more money and holding until the target we want is reached it is much more worth it.

Indeed, for profit maximization it is less effective to buy and forget about such an investment method, but for those who do not have a strong psychology and have long-term investment goals, I think this method has advantages too, so we remain focused on initial goal. Until now, there are many people who often look at the market, which shakes their psychology so that they take actions that are not in accordance with their initial goals for long-term investment, and ultimately destroy all the strategies that have been prepared previously.

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Even though what you said is true, I don't really agree with saying forget about the investments we make because to achieve maximum results we certainly have to try again and again, especially if the capital we have is minimal in every month or every week, therefore there are several strategies such as DCA or buying when there is momentum such as bitcoin crashing is also important.
Investing in bitcoin buy, wait and forget a few years it would be good but it would be even better if buying again and again when we have more money and holding until the target we want is reached it is much more worth it.

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This topic should really be dedicated for newbies. Many of them think Bitcoin is a get-rich-quick scheme, they are probably triggered by news of how people dollars are turning to million dollars so they think it’s always that way and always swift. If you’re buying some other crypto, you may need to keep an eye on the charts just Incase the project dies but when it comes to bitcoin, invest and take your mind off it. If it’s too hard to not check, then find a distraction. Bitcoin doesn’t need all that panic/anxiety. NOTE: I’m assuming this assuming you are investing with spare money (that’s what you’re meant to do after all).

Vaculin

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Winding down.

Yes. Invest in bitcoin and don’t monitor it more often, or better yet forget about it so you won’t be pressure of its price fluctuations. Most of the time, if you are too greedy for your profits, you tend to check your investment most often and when the price suddenly drops, you become emotionally bothered. When that happens, you turn into panic selling so you won’t lose more. If this what you do, then you are not investing for profits but definitely investing and make you the losing end. Invest in long term because that’s the only way your desired goal will be achieved.

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Quote from: Onyeeze on September 30, 2023, 05:20:01 AM

Bitcoin investment, this is the opportunity for someone who wants to invest in bitcoin to invest in bitcoin without looking back, because anyone that invest in bitcoin now will make a profit during bullrun

You are right, the price is pretty low at the moment and if we witness the bull run in the next couple of years, investors of today's market will get pretty good profits.

Quote from: Onyeeze on September 30, 2023, 05:20:01 AM

I think that any one that plan to become a billionaire in bitcoin this is the opportunity to invest in bitcoin against next bullrun.

Well, that doesn't sound realistic at all. Considering the potential growth percentage of Bitcoin, you can't really become a billionaire unless you are spending more than $250m which then might turn into $1b if Bitcoin goes up about 4x.

Quote from: Onyeeze on September 30, 2023, 05:20:01 AM

The way I'm looking at next bullrun am thinking that the bullrun will be something that will push bitcoin price to approach hundreds thousands [100] for the price

Even if it reaches $100k, that won't really make the investors billionaires unless they have invested huge amounts of money in it.

Quote from: Onyeeze on September 30, 2023, 05:20:01 AM

I will surely make profit in bitcoin because bitcoin price now is no longer going downward or going upwards, but any move the price will make to go up the price will increase

You can't be sure, even though the market is quite stable at the moment, there is no guarantee that it will go up from this point onward, it might go down as well any time.

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