Topic: Investment advice backed by real experience (Read 705 times)

I agree, making the right investment doesn't rely on you not feeling anxious about putting your money down on the investment. Not everybody likes a high risk investment, they'd rather start at a comfortable pace.

What I'd say is that best to start with doing the right analysis, the right research before pouring your money into an investment. And even if you're not sure you could go in it but with a sum small enough that you could be ok with losing. At least this way you get some feedback at not a high expense.

Before now I used to be surprised when people start asking questions like why Bitcoin is worth so much and why people trust Bitcoin and other questions like that, but as time goes on I came to realize that our level of understanding differs, the same way I can easily understand a particular thing is not the same way other people will understand it easily.

So, when people start asking such questions it’s good to properly educate them on it, but not for those whose head is as hard as stone that no matter what you tell them and despite they have no single clue on what is Bitcoin they still continue to call it a scam. Apart from the price value and other things, the fact that Bitcoin made it easy to make transactions and breaking boundaries it’s already enough for me to say that it’s good.

If we only have topics about the things that we never talked about, there would be only a few topics left, there are always room for new topics all the time, sometimes some topics gets boring and everyone says what they want to say and it goes to further pages and nobody sees it again, after a while a similar topic opens up and both old people who want to say what is on their mind and new people who didn't see the old topic all come here and talk about it once again, usually discussion is never exactly the same even if the first post is the same.

Obviously speaking that helps a lot of people to see different point of views, without understanding other people you can't understand the market and if you do not understand the market you will not be able to trade better.

There are many people that despite not having the skills earn money in the market but those people just got lucky but instead of understanding this newbies believe they can be just as lucky and decide to invest in all kind of coins thinking they are going to be the next not realizing they are doing the same as those that buy lottery tickets hoping to become millionaires and that is simply no way to make profits consistently in this market.

As such anyone that is interested in making profits over the long term in this market has no option but to study the markets and improve their skills otherwise it is better they do not enter this market at all.

There's nothing new but some of traders/investors forget these tips and do things their own way base on how they understand the market to make profit. I think you'll realize the mistakes you did if you already experience to lose your money, experience is a good teacher for us to be a better trader. Sharing our experience to enlighten or giving tips to other traders are our way to help them gain idea in order to become a trader with less losses and mistakes to commit in the future.

We SHOULD, and the reason why most newcomers suffer the consequences of losing is that they never know what they are doing. They just come into crypto without basic knowledge, they are likely just recommending themselves to make donations.

Losing, winning, being a dumb person, these are things that we commonly experience and yet, we use this bad and good experience to coach ourselves and the others. Could be that sad how people easily get quitted after not experiencing good and they then keep thinking that Bitcoin investment is no good but a risky thing.

Tokens and bitcoin has lot of difference, tokens may not exists here even for months but bitcoin passed a decade when people said it is just a scam in 2010.Keep investing until you make the real profits, don't get attracted towards the trend because if it a trend then you are not the early investor so chances of getting dumped after your investment is highly possible.

Smart people always think about winning but those weak people always think about the negative and feel worries. And maybe you are one of those lucky people who've been investing crypto and make money in just a few days.
That is why is much better to join the market and invest crypto that is not already in the hype because it has a huge possibility that it soon will strike unlike if they are already at the hype.

Actually all is worth it to read and a lot of learnings here in the forum. This last part lesson from investors, as what others said never invest on what you cannot afford to lose. When I invest I usually study the market first with great care of course, and just a start invest with a small amount of money so you can learn through with your experience in trading.

Main difference and its no brainer on who would be the one will able to withstand the fierce competition of this market.It do really compose of buyers and sellers which means you would really need to be smart when it comes on making out decisions but those can be attained by gaining experience throughout the years on doing up trades.

Somehow i do see for it to be next in line even to those people who do just jumped in with having those wrong beliefs or perceptions that they can make easy money but when the actual thing do make realized them then
thats the time they would seek out for new learnings.People wouldnt strive if they wont able to experience hardship in life.

All of the recipe on becoming a successful person on this field is to have the qualities of being patient,smart, good on time and money management etc.

Unfortunately this was inevitable, I know that people laments bitcoin being used for speculation instead of its main function which is being a currency, however you need to understand the nature of the speculation, speculators are not going to take the time to invest their money and try to multiplied in an asset that is not good, otherwise they are just wasting their time and money, they immediately recognized in bitcoin an asset that was revolutionary and unfortunately this has the effect of bitcoin not being used as much for its main function.

However the day will come in which adoption by people that only want to use it to buy the stuff they need, but unfortunately those people are not going to understand why we need bitcoin until fiat currencies go through a massive crisis, and then and only then they will look for alternatives and bitcoin will be there to help them.

Yup. The media might get away with calling it Bitcoin Ponzi or Bitcoin scams, Bitcoin doublers, or whatever, but the fact is, these schemes have been around for as long as man has tried to come up with ways to make easy money quickly.

Fool and his money are easily parted. Fool and his crypto, apparently, takes even less effort.

I think that's just the cycle right now with everyone or in general if I must say. Just like how people are still getting fooled by Ponzi Schemes. Ponzi schemes have been around the mid-to-late 1800s [1], and people even have been fooled by it, and it's because of the big G in their foreheads, Greed. It's the person's responsibility to know what to invest in or something.

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[1] - https://www.investopedia.com/terms/p/ponzischeme.asp

Yeah, I can see it now. A whole new generation of super traders who show off to their friends and followers how smart they were during 2020 making 4x, nay 10x the investment in weeks because they were smart enough to invest in Yams and Sushi. They'll be opening secret paid Bitcoin trading groups like they did in 2018, on the back of 2017 performance. And people will fall for it.

Stop being so predictable, people!

All you said is correct. In a lower scale you can see same scenario repeating itself with the DeFi hypes going around currently. You don't need some cristal balls to profit if you're smart and lucky enough to pick the right DeFi coin. Apart from the scams getting pump and defrauding investors, the some worth legit (per see) project are giving outrageous profits. Technically if you had invested in 99% of the DeFi coins currently active way back in 2019 or early 2020, you'll be in 5x or above profits right now.

The crypto space gives room for newbies to think overnight that they're professional Investors due to some luck and having the courage to seize an opportunity when it presented itself.

Study and little by little taking experiences,SOme Exchange and other sites has free trading Bot and channels in which offering free trading experiences
 without using Funds meaning we are able to have a chance trading continuously in free.
Then we can try in real using smaller amount each strategy that we found better?
spending Money to lose is also good chance of letting yourself know how risky but challenging this area of investing so the more we will be careful but
dedicated,lets use the situation as motivation for more trading habit and success.

Yeah, I believe that experience teaches as well more than a thing we have to learn from reading books and what others say.
Not only a few but many people asking why the price drops after buying bitcoin? Why does it happen? Is there any manipulation happening? These questions are common to hear but why it goes like this? It is because many investors come in here without knowledge, often to follow what others say especially coming from signals group.

That to OP said,

I do not believe that inflation in bitcoin is a real thing, people always keep talking about the coins that is mined but the regular spread of movement is so much that something so small doesn't make a change at all if you ask me, that is why halving didn't really changed too much neither, everything is going the same for now.

However one thing is for sure, regular fiat printing makes a difference, the whole American debt was 20 trillion dollars and we are talking about debt all together ever, and they printed 4.2 trillion dollars on top of that, you gotta realize how devaluing that is, bitcoin is not like that, you do not see 5 million bitcoins printed, we get very tiny amount and that is why I believe inflation of bitcoin should not really be a topic of discussion.

Yeah, this one makes sense. To add to this, bitcoin even has become utility to invest and book the profits on it's trade. It is more or less tool for ya and nothing else. In the broader sense it should have given multiple ways to use it but we have somehow made it into the above mentioned utility.

Altcoins, are actually brought in the market with some vision behind the roadmap. They will have the value based on the developments in project. It means the more it flourishes the more it gets value. Now thats the rare thing in first place. Bitcoin as such carry good store value but not special use of it.

So you are basically saying to book profits and get the profits out by selling your BTC.
That shows how your investment you made is just for speculative purpose.
The real purpose of bitcoin was to use it as a payment method which is truly deviating from it's purpose these days.
I am afraid very soon bitcoin's purpose will be changed and people will only use it for trading rather than for payments.

Actually, what you explained about investing in Bitcoin in the opening post is not new, because there are already many
topics that discuss similar things. But I am happy with many topics like this, will keep us reminded how to become successful
investors. Because the advice in the opening post is very good if we always remember.

And the worst part is that the odds are not even, if this was a 50% chance for both of those options then everything will be fine but you have a chance of losing everything of roughly 95% while you only have a 5% chance of becoming profitable over the long term.

This tell us that trading is an incredibly difficult enterprise and we must dedicate months or even years to master it but whenever I take a look around the market I see a lot of people that got here recently and they did not took the time to learn anything about the markets and yet they want to make as much money as those that have dedicated most of their free time to study to the markets, and as we know in the markets everyone single trader is your opponent so it is not really a surprise the money flows from those that did not took the time to study the markets to those that did.

I agree with all of you that success can never be achieved without experience there is a need for experience as well as adequate knowledge. The best advice before investing is to study the market well it is not possible to trade without risk. We can only learn if there is a loss. it is important to start with a small amount of capital before investing in this way we will continue to increase the amount of capital as we learn and learn about the market. You can also learn information about investing after various threads.

it is very important that we must learn that this Market trading in crypto is not like a any market that you can make big money over
night because of the volatility and the demand from whom will invest or not
i have read so many thread and post that asking how much they can earn in days or 2 things that only stupid can answer,Starting to invest and roll small amount
is the best way to learn and study this market
when every one is seeking for quick profit,lets remain focus and persevered to make our trading worth profiting .

I definitely agree that people should be capable of and should be supported to actually do what they want with how much money they want. Even when you want to do something that is super risky or want to do something super conservative, if you want to do something you are free to do it and that way you will learn more. If you want to learn more about bitcoin that is the best way to do it. Even the wrong things you do helps you with how much you are growing in the bitcoin ecosystem.

When I first started a ton of mistakes, hell those mistakes cost me over 2-3 bitcoins as well but thankfully it didn't worth much at the time, but thanks to all those mistakes I have managed to actually get a good grip of what bitcoin is and how to move around in crypto so now I am doing much better.

These are well known stuff obviously, however these needs to be said a lot, that way we could get more attention from people who do not know it well, even the most basic stuff about bitcoin has to be said constantly in order to make sure that bitcoin gets hold of everyone in the world.

There are still people who do not know what bitcoin is, that is not really good for us, we also need to make sure that buying and selling bitcoin is quite easy as well. Right now there is this whole situation of registering to a website, giving them all your info with a picture of you, then sending money from bank to theirs and getting bitcoin that day, hopefully one day it could be something a lot simpler, that way we could at least say that people can get in and learn very quickly.

That's what really make investments risky, you only have two options, between winning and losing.

You need to deal with that and make a way in order for you to reach success instead of losing in your investments. BTC is really the best when we talk about crypto investments, that's why I never hesitated to engage to it from the past few years. I never doubt bitcoin about its credibility to give me a profit that I want once managed properly.

I'd like to give focus on the no.3 which is the choosing the right time to make investment. I'm sure that you heard this phrase which is "the best time to buy bitcoin is today", it is popular especially for the long term investors. For me that phrase is not right because there are always right time to buy bitcoin. Before you buy bitcoin you should first identify yourself. By identifying yourself you can know if you will do long term investing or you till do scalping wherein you will buy and sell it in a short period of time.

Good post. As for the three lessons you said you have learnt from successful investors, I am not so sure about the number one;I thought we are all being told to be investing a little money, or should I say the most that we can take as risks, so why then do you think that people has to invest more money and take more risks to be successful? I don agree with that first point.

People should start small and gain more experience as time goes on, and whether they should invest more money it’s a decision they should make for themselves when they have decided that it is a risky they can take. You don’t just tell them to up their money and their level of risks for profit, they might lose it.

I also do not agree completely with the lesson, it is true that if you are not anxious about the money that you are investing or trading in the market most probably you are not risking enough money, that is true, but I do not see how that is a bad thing, I say this because most people have a strategy that if followed correctly it will make them money, however when they fail it is because they let their emotions take control of their trades.

They either get too greedy or too fearful to follow their strategy and as if on cue the market will move in the opposite direction they were expecting and they will lose a massive amount of money, so it is important to always be in control of your emotions and if your emotions become unmanageable then you need to reduce the amount of money that you are risking.

Yeah, sorry OP, I'm with pooya and the rest about learning from "successful investors". Success in 2017 was a matter of pure luck and timing. Any idiot, including yours truly, made money just because we bought running up to the bull and ATH. You would have had to be extremely unlucky to have bought something that did NOT pump late 2017/early 2018.

There's really nothing to learn, except patient and expectation management, and a good sense of humour for when your investments take the inevitable nose dive;)

I love the second part, overcome greed. It is what we need to prevent from small profit because the price is going down after touch the highest price. If you see the price start rally to the high price, you need to prepare with your own target price so you do not lose the chance to selling the coin at a high price. But many of us have greed at that moment, and we want to make the "very highest" profit instead of taking that profit. At that moment, we forget about the price movements, and the price will be down because the greed posses us. We must know when we can take the profit, and always prevent the greediness.

I like this very much with the successful investor's lessons. Especially the first part because knowing that you have invested an amount that you are worried about, I think it makes you care for it. One of the main reasons that I think it's going to help you is because of the risk you are facing. It somewhat feels like you are gambling to something that you have more control compared to casinos.

Overcoming greed is the challenge because one night, you can have over 40% profit. The next day you can have -20% of your total capital. That's just the gameplay that you need to understand before dwelling into trading.

Overall, it's still best to have first-hand experience while you are learning from other peoples successes' and failures to know what you are going to do in the long run.

The great risks is what stops so many people from investing, that’s why I usually tell some newbies I know that if they want to invest in Bitcoin they should have plans to invest and hold for a long time, that’s when you will see the benefits, because if your plans are to just invest and cash out immediately, then you’re probably going to be wrecked, unless you’re a professional day trader that knows how to predict the market, and buy and sell at the right time.

If not, the best is to hold for a long time and maybe if at the time you’re holding there happens to be a bull run, you can then decide for yourself whether it’s right to sell or not, and another good thing is to have target.

When you are trying to answer the question !when is the right time to buy” you should at least give them an idea and not some kind of answer where they will have more questions because of it. Giving them an answer like “you should do your own research” will leave them clueless on where to start. So to give an idea for new investors I think the common rule of thumb is to buy near the support or when the price of Bitcoin had bottomed out since you are giving yourself and your position a margin of safety when it come to the next price action.

Main reason why i do normally skip out on reading up these very long sentences yet you would able to spot it out that they had just been copied on a specific source.
Those key points are indeed just the basics which i do believe that everybody do already know and theres no need to repeat or not really that necessary but somehow
there are still people who dont know much on how things works which this might be a good read to them but overall it isnt really that necessary.

I will admit this was incredibly too long to be read yet it was very informative and can be useful most specially for the part of the newbies who were just starting up their journey toward Bitcoin engagement which involves investment as well as trading. Despite of being too long, the basic concepts are the only essential things that can be gathered in here that most of us do already know and it seems there is nothing new to be learned other that the OP have shared his experience on Bitcoin. Overall, it was good, the informations are well stated but those can be explained in a short manner.


I beg to disagree on the key points you have learned on your Bitcoin investment journey but I do gradually respect it since it was your own learnings gained from your own experiences. (1) Doing investments with Bitcoin is already taking risks for you are putting your money at stake. No matter how small or big your investment is, there is still risks associated on it. Better start small rather than putting at high stake for many people are failing into their Bitcoin experience that putting up high amounts will ensure them to gain higher profits. Giving your all in an investment will literally give you anxiety so better start up small rather than fall too high. (2) You will be missing out better opportunities once you pull out easily just to gain easy come and easy go profits. You cannot be profitable as always on that strategy but since it is your own experience then it's fine. (3) No one must really believe on predictions for we are relying on facts from news, price charts, believing on such is like putting up your journey into a fortune teller.

very informative write up although i think it safe to say we can equally invest what we are capable of losing, making an investment that will bring such anxiety is not a good idea, to each with their investment approach and capability but to me a decent amount that won't hurt us too much is good, not investing in btc at all is what is an offense ^{just kidding}, anyways, it has been a pleasure to invest in btc.

I love this part and this is very true you need to involve yourself, investing in Cryptocurrency is not you put in and expect profit kind of thing you
need to get it in your head by getting those anxiety you will always check the best action in a given situation in the market, you also need to moderate your greed as well know when is the right time to enter the market and exit as well avoid to much attachment to coins, you can still have them later.

Thanks for quoting an article from 2018 that is repeating the same stuff that hass been written across the forum for the last couple of years.You are doing a great job adding value and creating constructive discussions.
Can't you just write "BUY and HODL?" instead of posting(or copy pasting) all that stuff we already know?
It was a chore for me to read the entire thread.Next time,try to write something with your own words and sharing your personal point of view.

Surely you have been talking with traders then rather then investors, because that sounds like a trader talk. To Bitcoin investors this has been most certainly a long term investment and being greedy and patient has been a good combo in hindsight.

The lesson about feeling is quite weird. Like darster I'm also not sure about it. Most OGs that I know spend thousand of dollars buying tokens that they believe have potential and then forget about it. They don't even care with the current price unless there's some fundamental changes with the projects that remove their potential.

I'd rather say invest comfortably and don't feel too anxious. Follow the development and don't care too much about price unless there's a fundamental change. Use money that you can afford to lose and assume that money is gone when you decide to invest.

I was pleased with this experience that happened with your Syrian cousin, and since I am Syrian, I am very happy with this experience because it works a lot of encouragement for me, I got to know Bitcoin for a long time and has already changed my life for the better, especially in light of the current conditions in Syria from the war and the high cost of living Bitcoin has been the heavenly outlet for me to work from the internet and improve my economic situation. The conditions here in Syria are very difficult, but thanks to God, thanks to Bitcoin, my life has become better and easier and I can get a good income even though the transfer of Bitcoin to the Syrian Pound is not easy.

there should be more emphasis on the useful part because being rare means nothing without it and the main reason why bitcoin is valuable (and continues to increase in price) is because of the utilities it provides alongside the uniqueness of it.
otherwise there are lots of altcoins that are a lot rarer than bitcoin while they have a lot less value which continues to decrease too.

I am not so sure about this lesson.

Personally, I'd say study with great care what you are about to invest into, and when you finally make the investment, start small. Do not start with an amount that, if lost, you will lose several nights' sleep over it.

I'd say further that interest comes way before you even start pulling out money from your pocket.

Nice article, and I hope people that are novice will start to liking bitcoin as soon as possible. Some people call bitcoin ponzi, while some people are so ignorant to call bitcoin scam, it will be better for them to wake up and know the real ways bitcoin can make them rich. Also, I like the fact you mentioned that people should know about it very well before investing so they can make profit from it.

It will be good if you can edit and add bitcoin as a deflationary currency. That is why its price is increasing with the limited supply and increasing demands.

This is why I like bitcoin, it is not regulated by any central body, it is completely decentralized and its price is determined by total number of people that buy and sell it.

There are many other ways to buy bitcoin, as for me, I prefer p2p exchanges, and I like exchanges that require no kyc, you can check the link below.
https://bitcointalksearch.org/topic/m.54697812

Also is the use of bitcoin ATM, but not yet so common, but the rate of its adoption is increasing.

Hello all
Perhaps the topic I will present to you is not new, but it may benefit some of the new members of the forum and may remind some of the important details that we must pay attention to when investing in Bitcoin, as we all noticed that Bitcoin has evolved from the past and is spreading much more and a lot of people did not believe The strength and effectiveness of this currency may change their opinion after it proved its ability to save many poor families who resorted to working in the field of cryptocurrencies and also the Corona virus crisis, which proved that Bitcoin is able to provide financial assistance in periods of epidemics and can reduce the spread of the epidemic by reducing the use of paper currencies. Which is considered a major vector of the virus, and the great positivity by allowing people to manage their money during the quarantine period while they are at home, as many have invested their money and made profits, and the most important example of this successful investment is the young Syrian (solieman gassan), the son of my cousin residing in France, who He bought bitcoin for $ 6,000 when the bitcoin price was 7,500 before the halftime period this year, and he kept that amount until now. This and made a big profit, as the price reached about 11600 dollars, this experience made me happy because I chose the field of cryptocurrencies and based on this realistic experience I decided to share with the wonderful members of the forum 5 things that should be known before investing in bitcoin and I have benefited from an article I will put a link at the end Participation:

In the beginning we will ask some questions and answer them:
1- Why is Bitcoin's value rising
It is not surprising that Bitcoin, the global and safe currency that does not recognize borders, has caught the attention of investors
Bitcoin and cryptocurrencies are available to everyone and a great opportunity to be included in the new asset class that deserves to be given a degree of attention
Many consider investing in Bitcoin scary because the potential for growth is great with great risk as well, but it takes time and effort to understand how Bitcoin works.

2- Why invest in Bitcoin?
It seems silly to some people that one Bitcoin is worth hundreds of dollars
What makes Bitcoin valuable?
Bitcoin is rare and useful
Let's take gold as a currency, for example. There is a limited amount of gold on Earth.
The more gold is excavated and extracted, the less it is in the ground, and the task of extracting it becomes more difficult and more expensive.
The same goes with Bitcoin.
There are only 21 million Bitcoins, and over time the mining process becomes increasingly difficult.

Take a look at Bitcoin's inflation and supply rate:


Bitcoin monetary policy is transparent and neutral, and anyone can verify it.
Bitcoin's transparency is one of its most important features. We can see when a new Bitcoin has been created or how many Bitcoins are in circulation in the market.
Bitcoin can be sent from anywhere in the world to anywhere else in the world. No bank, entity or country can block transfers and payments or close your account. Bitcoin is anti-censorship money.
Bitcoin does not recognize geographic boundaries, and it also provides an opportunity to shake off states' failed monetary policies.
The Internet has made information available to everyone and easy to access. Bitcoin and digital currencies will have the same impact on the financial lives of individuals and the global economy.
If you understand the goal behind creating Bitcoin, it shouldn't be difficult for you to understand that investing in it might be a good idea.

Bitcoin price:
There is no official price for Bitcoin, its price is set by people willing to pay. The CoinDesk Bitcoin Dollar Exchange Rate Index is a good resource for the coin's value.
Bitcoin price indicators generally show the value of one bitcoin against any currency, but you can buy and trade less than one bitcoin on bitcoin and cryptocurrency trading platforms and sites.

3- How do you choose the right time to buy?
As with any other investment, nothing is certain.
In order to be able to buy a certain amount of Bitcoin, someone must be willing to sell it. And in every commercial transaction on trading platforms, the bitcoin seller bets on the possibility of the Bitcoin price falling or at least not going up, and the buyer betting on an increase in its price, and in this sense every buyer and seller bets on his knowledge. That is why do not take the information mentioned in this article as investment advice. You should do your own research before buying Bitcoin.
In general, since the creation of Bitcoin in 2009, the more its price has increased, it has increased at a very fast pace, and the lower the price has decreased slowly and steadily until it stabilizes.

4- How to invest in Bitcoins and where to buy it
The difficulty of buying Bitcoin depends on the country in which you live. Developed countries have more options to buy it and more liquidity.
CoinBaise is currently the world's largest Bitcoin buying platform and is only available in the US, UK, Canada, Singapore and most of Europe.
You can use this tool to find someone selling Bitcoin in your country

Important Tips:
It is important to understand how Bitcoin works before you invest any money.
Bitcoin and cryptocurrencies are still a new technology, and it can take you months to understand the real impact they can have on the world.
Take the time to understand Bitcoin, how it works, and how it differs from regular money.

Lessons learned from successful investors:
First: If you do not have even a small amount of anxiety over your investments, this means that you are not risking enough. You have to have enough money invested in order for you to have real interest. You will make the right decision when you participate in your investments with all your feelings, and then you will be able to monitor this investment and give it greater care.
Second: Get the profit as quickly as possible "Overcome greed"
Third: Beware of anyone who predicts the future, as all financial consequences are tolerable.

Note:
1- The first part of the topic was written by my personal efforts and I benefited from the experience of one of my relatives mentioned above
2- One of the articles was used from the following source:
https://www.bitcoindz.com/2018/09/investing-in-bitcoin.html