Must you lose before you gain in Bitcoin investment? - page 8.

letteredhub

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Quote from: shepherd_gee on December 29, 2023, 12:11:47 PM

Questions like this has popped out in several occasions and arguments concerning Bitcoin investment. My friends will say you must lose before you gain or rather have more experience investing in Bitcoin. If its how it work, Bitcoin isn't for a low income earner as well as not gonna make you rich when you can't invest something tangible to it. On the other hand people are been made big and wealthy in same program. What does it in tell, cos am quite sure people had already known what's going to happen in the market in the nearest future to give them the strong mindset to invest porously. My biggest fear is losing my hard earn to something as volatile, vulnerable and uncertain as btc. What's the possibility you invest without losing. Is it guaranteed in this kinda market?

Going by your post title: No you mustn't lose but it's an inevitable aspect of crypto you should hold in mind when investing so you don't get fumed by FUD,s in the future not to make hasty wrong decisions about your investment. There are investors that started with a profiting foot that's just their luck but one thing I understand about bitcoin is that you just don't lose, you don't at all I'm as much as it's a long term investment plan you have set in place for yours.
Bitcoin may be volatile but it's ain't vulnerable and as for guarantee your chances of making profit is 3x bigger than that of making a loss if it's for omg term.

Sanitough

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It's true at some point, but if you really look at it closely, no one will lose if he is into right choice of investment and he is following the basic rules when doing investment. One could only gone wrong and resort into losing if he invest without prior knowledge on his bitcoin investment, or he just only invest because of the huge potentials that bitcoin can bring big changes into someone's life.

While losing is sometimes inevitable, but we all know that we can minimize the risk of losing if we know when to enter and exit the market. If one is perfectly aware about that, he will never suffer from consistent losing.

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Quote from: shepherd_gee on December 29, 2023, 12:11:47 PM

What's the possibility you invest without losing. Is it guaranteed in this kinda market?

If I say 100%, surely you never gonna believe it but I can make it.
I bought Bitcoin last year, which was pretty cheap compared to the current price and if ever I sold them now, I'm gonna be in profit. You will never lose if you have knowledge about this, you will never lose if you buy and sell in good timing, and if you buy Bitcoin and top altcoins. But if you have these memes and hype projects in you, losses are way possible maybe 50%, it can only be saved if you have depth knowledge and experience regarding investment.
Choose coins that have been proven and tested already and stay away from new projects if you don't want to lose.

Churchillvv

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Your friends lack the basic bitcoin knowledge hence misconception is hindering their involvement in Bitcoin therefore this narrative have to be changed.

One must not loss before you can profit from Bitcoin like others have said. if you're involved in trading of Bitcoin it's certain that you will loss even if you're an expert in the field but when you invest in Bitcoin with what you can afford to loss then hold for a long period time then you will profit certainly without losing.

Since you're here already I guess in less than no time you will have a good Bitcoin knowledge and will not longer see Bitcoin from such perspective.

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Quote from: shepherd_gee on December 29, 2023, 12:11:47 PM

Questions like this has popped out in several occasions and arguments concerning Bitcoin investment. My friends will say you must lose before you gain or rather have more experience investing in Bitcoin.

It's not how it works, but you need to educate yourself first before investing, not just BTC but any other assets out there. In my case though, early on I was a victim of a bitcoin doubler, just lost small amounts though, not that big amount of bitcoin but it teaches me a valuable lesson.

Quote from: shepherd_gee on December 29, 2023, 12:11:47 PM

If its how it work, Bitcoin isn't for a low income earner as well as not gonna make you rich when you can't invest something tangible to it.

I have to disagree though, again if we are talking about experience, there could be more average joe investor like you and me in this market.

Quote from: shepherd_gee on December 29, 2023, 12:11:47 PM

On the other hand people are been made big and wealthy in same program. What does it in tell, cos am quite sure people had already known what's going to happen in the market in the nearest future to give them the strong mindset to invest porously. My biggest fear is losing my hard earn to something as volatile, vulnerable and uncertain as btc. What's the possibility you invest without losing. Is it guaranteed in this kinda market?

Those who get rich could be early adopters, or just work hard day in day out, grinding, buying small amounts of bitcoin thru a method DCA and then HODL it for years and just selling it during bull run or if it is necessary. I think you have to change your mindset first and not think of bitcoin investment as a "rich quick scheme".

Furious 7

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I feel that something like this is not entirely true because after all we certainly have to define what kind of loss in this case especially this is also about how persistence and learning you do because it could be that things like losses you never feel even though from a value point of view it can be said to be a loss.

My point is that when we invest in bitcoin for a certain period of time but in the middle of the road bitcoin has decreased for some reason and your fiat amount in bitcoin has shrunk I don't think it's a loss because in this case the bitcoin you bought also remains at the same amount it's just that the depreciation in fiat value decreases but it's not a loss when you don't sell it's a different story if you panic and actually get out of the investment made by selling your bitcoin then it is a loss.
So in this case it is important for ourselves to think rationally in advance about what is called a loss because in the end the actions you make can affect the level of understanding of bitcoin and the loss in question.

cryptomaniac_xxx

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Quote from: shepherd_gee on December 29, 2023, 12:11:47 PM

Questions like this has popped out in several occasions and arguments concerning Bitcoin investment. My friends will say you must lose before you gain or rather have more experience investing in Bitcoin. If its how it work, Bitcoin isn't for a low income earner as well as not gonna make you rich when you can't invest something tangible to it. On the other hand people are been made big and wealthy in same program. What does it in tell, cos am quite sure people had already known what's going to happen in the market in the nearest future to give them the strong mindset to invest porously. My biggest fear is losing my hard earn to something as volatile, vulnerable and uncertain as btc. What's the possibility you invest without losing. Is it guaranteed in this kinda market?

Not always been the case, but I guess for those investors who have been victimized by scammers or hackers and then lost their bitcoin, it's going to be a good lesson for them. Well if you are afraid of bitcoin's volatility, then just invest what you can afford to lose, simply as that.

Do not invest all your hard earn money, others do DCA or there are investors who just buy in one go and just let their bitcoin sit. And as long as you know how to protect your account (that's the first thing that you should know), then you might do good in the long run.

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That depends on the initial performance of an investor. If he knows well his investment and he knows what he's actually doing, then losing might not be possible in the first place. But if he only invest because his peers are into bitcoin investment, and just trying to dominate his greed, well it's clear that he will incur losses in the process. Losing is part of investing, but we can always increase the chance of not to lose if we are knowledgeable and has good experience on bitcoin investing. Same like we can always increase the chance to lose if we are not cautious on our investment.

I actually have come to believe this before, but as my learning experience in crypto has gone wider, I now believe that losing is what you get when you lack the skills to make it work and productive.

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Quote from: shepherd_gee on December 29, 2023, 12:11:47 PM

Questions like this has popped out in several occasions and arguments concerning Bitcoin investment. My friends will say you must lose before you gain or rather have more experience investing in Bitcoin. If its how it work, Bitcoin isn't for a low income earner as well as not gonna make you rich when you can't invest something tangible to it. On the other hand people are been made big and wealthy in same program. What does it in tell,

Bitcoin is for everyone not for high earners. People with low incomes can also own Bitcoin. If Bitcoin works only for high-income people, then low-income people cannot own Bitcoin. For me Bitcoin is not like that. Everyone has the right to own Bitcoin if they have the desire to own it.

For me, investing experience in Bitcoin is not the main thing, but knowledge of Bitcoin as a whole is what is needed.
Once someone has the basics about Bitcoin, then investment experience needs to be increased, such as understanding how the market works. Bitcoin investments that are made for the long term with a set target, I don't think require much experience except for making Bitcoin an asset for trading.

Buy cheap sell high. It is difficult to implement or not as easy as one might think, at least in investment, the DCA method or regular savings is a very simple investment pattern that can be done by people who want to invest their money in Bitcoin.

highalch

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Bitcoin newbies need to learn a lot. Part of this learning comes with losing money.

Two ways to lose money here basically:

1. Price (buy high, sell low), 2. Custody risk

It's definitely beneficial to lose at the beginning of your journey, otherwise it would cost you more time and money later down the road, but you can still be smart. Be smart learning from others' mistakes.

Most people say, diversify the assets, I say diversify the risk! Don't put all your BTC into one basket. You will lose the seed phrase, your pendrive will be broken, your computer will be unrecoverable, your trusted centralized exchange will scam you. Don't risk losing ALL of your bitcoin wealth at once. And keep hodling! This way, you'll be fine even if you lose a chuck of your assets somehow.

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Quote from: shepherd_gee on December 29, 2023, 12:11:47 PM

Questions like this has popped out in several occasions and arguments concerning Bitcoin investment. My friends will say you must lose before you gain or rather have more experience investing in Bitcoin. If its how it work, Bitcoin isn't for a low income earner as well as not gonna make you rich when you can't invest something tangible to it. On the other hand people are been made big and wealthy in same program. What does it in tell, cos am quite sure people had already known what's going to happen in the market in the nearest future to give them the strong mindset to invest porously. My biggest fear is losing my hard earn to something as volatile, vulnerable and uncertain as btc. What's the possibility you invest without losing. Is it guaranteed in this kinda market?

I can imagine starting over with understanding "what is investing?"

Whether it's bitcoin or other things, they will still have potential and risks in the process we are exposed to one person's formula is not always correct for the majority, so you just experiment and see what reflects on you. I know there are very lucky cases, but it is not a plurality and maybe, OP can also be lucky people, but more realistically, if you do not have knowledge and skills in this market you will be at a disadvantage many risks. Doubts will gradually dispel as you experience many feelings in this area, but always remember that a decision is yours and you need to be responsible for it.

NeilLostBitCoin

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It seems like your friend didn't explain Bitcoin to you clearly enough. Bitcoin is a volatile asset, which means that its value can fluctuate rapidly. Investing all your money in Bitcoin at once is not advisable. Instead, you should consider using a strategy called Dollar-Cost Averaging. This strategy involves purchasing smaller amounts of Bitcoin over time to achieve an average purchase price.

I think your friend is trying to say that the value of Bitcoin can sometimes decrease, but it can also increase in the future. It's important to hold onto your investment and not sell it unless the price is high enough to make a profit.

Queentoshi

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Quote from: shepherd_gee on December 29, 2023, 12:11:47 PM

What's the possibility you invest without losing. Is it guaranteed in this kinda market?

Some potential investors may terribly be worried by the concept of losing before they can gain from the market when they hear this kind of discussions or arguments ongoing. Some of the investors will be forced to rethink their decision to want to invest in bitcoins because to them why not try something else that guarantees no loss. Are there any investments without the probability of loss? perhaps not, but while delaying and trying to seek a safe investment without the probability of loss which does not exist, they loose time and the opportunity to eanter into the market earlier.

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Maybe what your friend means is that investment experience will influence subsequent investments. It is true that experience is truly valuable and can be effective learning, especially if we experience it ourselves. and finally learn from this experience to be more alert, careful, smart, and also wise in taking steps to invest in Bitcoin, especially. However, this does not mean that this experience is an experience of losing in investing. If it's trading, maybe you usually lose because you try several strategies and tactics.

However, for investment, especially long-term holding, I think as long as we still hold Bitcoin and don't panic about selling it at a lower figure due to its volatility, then we actually have a chance not to sell it and not lose money or loss. So that we can achieve the Bitcoin price target that the city really wants. Because after all, as long as we keep holding Bitcoin until we reach the target price, we will be able to get profits or gains.

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There's no investment that guarantees pure profits, as losing is already part in any type of investment. Even in physical investments, sometimes you still have to lose for you to gain big in the process. However, there are times too that you invest and you make early success, that's also possible. But believe me, that is not going to happen consistently as there will really come a time when you experience losses in the most unexpected times. For you not to get hurt so badly or fall into disappointment, know that winning and losing at some point are part of the investment process, and one can never skip from it.

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In crypto there is no guarantee like shit, there is only volatility especially when you are doing future. But you are talking about the investment type only so I will not talk about the future as it comes under the trading type. Well, investments in the future are not very risky if you are choosing your assets wisely. For example, If you are choosing trx, INJ, etc. as your assets to invest in for the long term then you will lose your money.

But if you chose BTC to be your asset then I can say you will definitely make some money because, in the long run, it is going one step closer to its new all-time high (ATH). but keep in mind that a proper investment plan only comes with proper knowledge not with the type of assets solely. You have to do your homework if you don't want your hard-earned money to be lost in this volatile market.

And the statement that people made that you have to lose the money at first then you will start to make money is totally wrong and based on assumption. Did those people have any experience or they are just telling you on the basis of what they have heard from others? In trading and investment, you have to be selective, disciplined, and ascetic because once you become greedy your money will be gone.

The Cryptovator

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I am not sure how lucky you are. Most investors lose at the beginning due to a lack of knowledge. This is actually normal; you have to understand the investment strategy. During the internship, you may face losses, and you have to accept them, but if you are lucky, you may gain from the beginning as well. It depends on market movements when you are going to invest.That's why it's advisable to invest a small amount at the beginning and learn. Any kind of cryptocurrency investment is quite risky; invest what you can afford to lose.

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Quote from: shepherd_gee on December 29, 2023, 12:11:47 PM

Questions like this has popped out in several occasions and arguments concerning Bitcoin investment. My friends will say you must lose before you gain or rather have more experience investing in Bitcoin. If its how it work, Bitcoin isn't for a low income earner as well as not gonna make you rich when you can't invest something tangible to it. On the other hand people are been made big and wealthy in same program. What does it in tell, cos am quite sure people had already known what's going to happen in the market in the nearest future to give them the strong mindset to invest porously.

Not compulsory you must first loss before making any profit, most at times there are probability of your investment giving huge profits on the first investment, it may happen as luck or the guidance of someone who has good idea about Bitcoin. There are also cases of people loosing their money due to not seeking any knowledge and just decide on doing it themselves. They lack this vital and information which they should have known before entering into the market.

Quote from: shepherd_gee on December 29, 2023, 12:11:47 PM

My biggest fear is losing my hard earn to something as volatile, vulnerable and uncertain as btc. What's the possibility you invest without losing. Is it guaranteed in this kinda market?

There should be no such word as Uncertain when discussing about Bitcoin, yes Bitcoin is volatile and maybe vulnerable but ideally using uncertain becomes a slab. Bitcoin has survived since a decades and many more counting despite the scam confrontations, DIP and volatility but you can attest to how Bitcoin is now accepted in various countries and organizations most people now find it worthy to invest in it and accepts it as means of payments.

shepherd_gee

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Quote from: criptoevangelista on December 29, 2023, 01:52:02 PM

Bitcoin is not an investment, it is a hedge.

Bitcoin is not vulnerable, it is the safest technology on the face of the earth.

Bitcoin is not uncertain, it is an evolution of money as we know it.

I think that for you and your friends what is missing is fundamentalist study. Because from what you wrote your knowledge about bitcoin is none.

You're actually far from the truth I must tell, you saying shit. However you may retwist it; Bitcoin is uncertain, Bitcoin is vulnerable, Bitcoin is volatile, Bitcoin is an investment. Use your head and forget what others say about the market cos these are the core attributes of Bitcoin and cryptocurrency in general. Copy and paste ain't gonna expand your scope about the market. My friends are right cos I talk out of sophistication. I have alot to unveil, yet you ain't here to learn from a dumbass like me. Aloha 🕊️

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Quote from: shepherd_gee on December 29, 2023, 12:11:47 PM

-snip
What's the possibility you invest without losing. Is it guaranteed in this kinda market?

Do not let anyone scare you, it is not a must that you lose in trading and investment before you gain, but because many people are still novices in the game, they tend to lose which is normal to me. However, it is not all starters who lose at first, some might, some might not, and some will win at first and lose the money somewhere later. Above all, and whatever your case is, it is all about the learning process to gain experience, and that is why it is very crucial that you do not invest big money in the beginning. You must ensure that you know how to trade very well and are capable of managing your portfolio actively before you get to invest big.

Again, you should know that trading and investment are not the same things, and if you strike a good asset at a lower price, then the possibility of not losing is so high, yet, being a good speculator is very important. Finally, there is no guarantee in any market, be it investment or trading, it is all about your experience, smartness and managerial prowess.

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