Topic: Investment in bitcoin - page 6. (Read 950 times)

All the crypto market is based on bitcoin, whenever bitcoin goes up, the whole market starts going up and when the price of bitcoin goes down, the whole market starts going down.From this you can imagine the importance of Bitcoin in the crypto market.All cryptocurrencies have some level of risk, but Bitcoin is the only cryptocurrency where the risk is negligible.Buying Bitcoin at the current price and holding for the future can be a great strategy.If the price goes down, you can reduce your average by buying more.But holding should not mean that you always keep it with you.Because there are people who didn't sell Bitcoin even at $67k,And then Bitcoin once again touched $15,000.Therefore, whenever a reasonable and good profit is made, you should sell there and re-enter from the bottom.Because if you don't book your profit, the market will book your profit itself.However, investment in Bitcoin and long-term investment and then holding can prove to be an excellent and profitable investment for the future.Because it can be fully trusted compared to other cryptocurrencies.And an investment made in Bitcoin now may pay off handsomely in the future.

Some people make money trading bitcoins in the market, but many people only invest in bitcoins by buying them in every downturn. It also benefits them when they sell their bitcoins at the highest price. And most people who become bitcoin investors make big profits when the price goes up because they will sell it to take those big profits. And investing in bitcoins indeed provides the potential to earn profits if they are long-term investments.

Yes, holding at the moment is very important which many investors need to learn so that they will increase higher in profits making, and how to avoid losses during the bear season. Those that invested in BTC when the price was $5k or $6k some years ago, got what they want when the price reach $40k last two years that made many people to enter into long term holding for them to get a good results before the end of this year 2023. Since the green light is about to be stable in this season, it will be better for holders to endure by holding for the price of BTC to move to $50k before they can sell to earn well.

Knowledge is a key factor in the space. You don't expect those individuals that are unawared with Bitcoin to invest in it, because they have a negative mindset concerning the project. They're not ready to lose their money, because cryptocurrency is not gambling, if you are not in possession of good trading strategy, you'll lose heavily. Bitcoin is a good project to invest on, the only thing is to know when to bagged the coin, it's mostly bagged during the bear period and wait for the bull come, that's the main time to triggered the sell option.

During this time, many people are hoarding Bitcoin because they are preparing for the upcoming Bitcoin halving or bull run. But there are other traders who are not satisfied with just that handling.

Because there are others who are scalpers or day traders as they call it. But those who do this have enough knowledge and newbies are not allowed here. But of course, it's still better to just hold it so there's no hassle in my opinion.

To be honest Bitcoin is not a place to make money, it's just that it is generated through production in the form of mining. maybe what makes some people get money from Bitcoin are those who invest or gamble, but we are more interested in the Investment path and in general most people who invest in Bitcoin by getting results they do in the long term.

When I first encountered bitcoin this is also what I have in mind. Honestly, what I was thinking is how can I get more bitcoin and how can I effectively utilize whatever satoshis I can earn, and that only triggers my curiosity deeply and tried various ways to earn bitcoin like faucets and other things like cloud mining in which we all knew it is somehow impossible to earn from there. I didn't have time to think of expanding from there since I didn't have any stable sources of income at that time and I am still underage if I have to find a job, besides that I didn't have proper knowledge that you can even get coins from joining campaigns here since what I knew is that I need to rank up my account for the sake of learning more. Only later on I found out that by joining campaigns you can actually earn, at first I was even doubtful since I have been joining so many ways to earn coins freely and seems like nothing is effective so I am not that hopeful I can get some from here. The only thing I was expecting here is that I felt anonymous and it feels like I have joined something that needs to be extra secretive. That's the vibe I get from exploring here on the forum, but investing and earning? Nah I didn't expect much on that.

Literally when I first came here, I keep on thinking "how nice would it be if I own 1 bitcoin" and "what does it feel like trading using the money I earned online".

Every investment is subject to market risk and not everyone is prepared to face it. This is why people always degrade bitcoin with the improper understanding. When it comes to investment or some form of pension schemes people keep investing on the regular basis and wait for the settlement for years. The same can be followed, so that holding gives the best return, but people aren't ready for it even after seeing the good number of people who have been enjoying good with the investment on bitcoin and holding for long term. In between if market supports they tend to sell and buy it back at lower price.

people need to look at this overall perspective so they know the potential of this market. because if they will look at short term period, they may really be agitated on what they are seeing. most newcomers have only one goal why they are entering into this market- to earn their profits at a short period of time.  and that means, some of them won't be waiting long time. this is why they seemed to be screwed on this market because they have different approach on how to get their profits.

There are very few people who realize the power of holding Bitcoin. It may take time to hold bitcoin but the profits of holding can't be compared with the profits gained in trading bitcoin.

Most people are involved in trading bitcoin and they are happy making some daily / weekly profits, but they don't realize the potential in holding bitcoin for a long time period. As said by some experts, with trading you may get the kitchen money or the money with which you can bear the daily expenses but the real money which can make you a millionaire comes from holding bitcoin.

Also, there are chances that you may lose money in trading but if you can hold Bitcoin for a full cycle of four years, you may never lose your investment.

If you zoom out the bitcoin chart from it was created until now, you will see that bitcoin will always increase over time. And if you're an investor with a lot of faith in bitcoin, short-term volatility presents a better opportunity than a time to panic. Because every time bitcoin drops in price is an opportunity for us to buy cheap bitcoin. And that's why I prefer bear markets to bull markets.

does it? Actually, before someone thinks of investing in Bitcoin, they are already thinking of possible ways to expand their income or financial status. So I think you are wrong about that.

Although if someone invests in Bitcoin and is able to make a huge profit during the bull market, they could use their profit to do other things, or could split their investment profit after then and still have some Bitcoin and other investments. The profit they made from their Bitcoin investment makes it possible for them to do so and archive other things, but not really that they began to think about how to expand their income before they went to invest.

I vouch for the might of hodling. It's like sowing a tiny seed and witnessing it sprout into a mighty oak. But, like a tree craving H2O and TLC, our investment schemes need our focus and nurturing.

The urge to dump our stash at the slightest price bump is real, but that move can choke our long-haul growth game. Instead, let's rock a Zen, disciplined 'tude to ride the market waves and keep our eyes on the prize.

Besides hodling, let's scout fresh diversification and expansion horizons. Be it mining, trading, or brick-and-mortar biz, curiosity and open-mindedness are the secret sauce.

Ultimately, Bitcoin bets ain't about a fast cash grab; they're about sculpting a luminous future for ourselves and the hood. With focus, self-control, and a futuristic mindset, we can unleash the jaw-dropping potential of this ever-morphing market. Suit up!

Just like we are advised to save money so that in the future we can invest the money into some business rather than relying on banks for loans, this is how it is when we hold bitcoin. There is indeed more to profit than lose.
For example, people who run peer-to peer services are people who have held bitcoin for the longest of times and when they sell, they make profit, that is one of the benefits of holding bitcoin. Some other who also run some sort of bitcoin lending business also fall into this category.

It's also important to keep in mind that the market for BTC and other cryptocurrencies is constantly evolving, and what works as a successful investment strategy today may not necessarily be the same in the future. Therefore, it's always a good idea to stay informed and adapt to changing market conditions.

The only expansion I see is into business, physical or online. People who hold bitcoin long into the bull run and then make profit will rarely use their profits in trading or even trying to trade when they have very little experience there.

Do you realize that some people hold their bitcoins with a target price in mind that they want their investment to get to. So if the current price is the target price those people have set for themselves, it is okay for them to sell. But generally holding for a long time is advisable.

If someone is still in doubt about that fact, they can hover over the chart of Bitcoin and look at its history.
That's more than enough to prove that bitcoin is something else and they can argue anytime they want if they're doubting it. But they'll never change the proof that we've got mostly as we've experienced the essence of having bitcoin. Having it is one of the best investments that one can ever have.
Those that keeps on doubting it will just see the other holders profiting from it at the right time when the bull run arrives.

Yes, holding Bitcoin for the long-term can be a good investment strategy for those who believe in the long-term potential of the cryptocurrency. It is true that the price of Bitcoin can be volatile in the short-term, but over the long-term, Bitcoin has shown a tendency to increase in value.

It's definitely wrong and misleading to say that investing in Bitcoin makes life easier.
There is no way that it's too easy; investing in Bitcoin is not an easy way to succeed financially. How much will you invest in Bitcoin today that you think will make you a successful person in the next 1-6 months?

Every form of investment is good; the purpose of investment is profit-making and to get a return in the future. But keeping in mind that Bitcoin is get-rich-quick stuff and casting all your eggs in it without doing something else might definitely put you at a higher risk of actually getting the riches you dream of, unless you are determined to hold until whatever year it takes to turn your $100 into $100,000, then you are good to go. If not to the level at which Bitcoin has reached, it is hard for someone who is investing a small amount of money into Bitcoin to turn into a millionaire over night.

Before you can profit from holding your bitcoins in the long term, you have to ask yourself if you are ready to see the daily price fluctuations before the price increases very high. Many people have failed to hold onto their bitcoins for the long term because they can't stand to see the price go up and down so quickly. Especially now, the situation is different from a few years ago.

If you intend to invest in bitcoin, you need to be able to hold onto your bitcoins and not panic and be able to use the downturn to buy more bitcoins. If you can do that, you can profit from bitcoin. And you can also become a strong investor who manages to hold bitcoin in bearish conditions until it is bullish again.

Apart from that, you can also overcome the risks that arise in investing in bitcoin where you will often see the price may decrease deeper than your previous purchase price. And if you don't panic, you can buy bitcoins and add them to your wallet while waiting for the price to go up.