Topic: My passion on bitcoin (Read 591 times)

I think it is profitable to invest in bitcoin but to invest in bitcoin you have to follow some rules then you can invest in bitcoin and make profit. But you have to invest in bitcoin for long term. If someone invests in short term then they are in money risk.  Will be the best long term to invest in Bitcoin. If any new person wants to invest then I suggest him to invest in Bitcoin because it is very safe to invest in Bitcoin.

Why is bitcoin risky in the short term and not risky in the long term? Any investment that can generate profits will have risks, including bitcoin. So it's absurd to say that bitcoin has no risk in the long run, do you know what will happen in the future? If no, never give advice to newbies that bitcoin is risk-free. Don't forget that the higher the profit, the higher the risk, if there was an asset with high returns without risk, I think it wouldn't be our turn to invest in it. Rich people will spend billions and billions of dollars to take over that type of asset for themselves.

If you can take the risk then I would say investing in Bitcoin is the best medium for you. If some one consciously and unconsciously planning long-term investment in Bitcoin can get their expected return from Bitcoin. While it is a risky investment medium in the short term, Bitcoin is a relatively risk-free investment in the long term. Moreover, investing in Bitcoin is a reliable and guaranteed profitable investment for those who have made an investment decision by analysis and observation about Bitcoin. If you have more money can definitely increase your portfolio on bitcoin.

Bitcoin solve all financial issues if you are serious with it ,since money is most important in our lives.if you understand the process, how it works, what to do at the right time and the right way to invest,it is profitable, you keep growing. In other to to make more money you need to risk whatever you have or you income you are earning. For you to get rich or grow bigger life is all about  risk.

I was quite curious when the author wrote my Passion for Bitcoin. The main goal at first seemed quite different to mine. Because my goal is not to research but to use it for profit. Because I don't have enough money to survive. With Bitcoin I am currently able to improve my life situation for the better. Since then I want to increase the amount of bitcoin. But along the way I also learned about Bitcoin. I didn't expect Bitcoin to become legal tender. But if that happens, of course happy and the current conditions have made me very happy because Bitcoin is recognized as a commodity asset in my country.

Judging from the current development of Bitcoin, I think many people understand it and many have even invested in Bitcoin because it is very profitable for them. It is true that if a country accepts it, it will certainly require its users to pay taxes and this can increase the country's income but there are many things that must be considered so that not all countries accept it as a legal payment made anywhere, but there are some people who make Bitcoin payments with fellow Bitcoin lovers.

The problem with this is that while it is up to us to decide what we want to do with the asset whether to trade it or not, when it comes to profit, it is better to make it an Investment rather than a trade.

Trading can be done for more profit but on the other hand it also has the potential to lose money overnight if we take the wrong action in trading. It will be more worth it if indeed this is used as material for investment because at least with something like this we can get a profit and that is certainty if we seriously invest in bitcoin. We also have to think about probability and when we want profit and comfort investment is much more worth it than trading.

Bitcoin is indeed promising, but it's important not to set excessively high expectations for a single asset. What we should be wary of is the potential disappointment when an asset falls short of our expectations, regardless of our confidence level. Anything can happen.

Going all-in on Bitcoin, in my view, is quite simplistic. While it's true that historically, its value has steadily risen, and a halving event is approaching soon, we must remember that humans are prone to unexpected challenges and misfortune. There's a possibility that when you urgently need your savings and the Bitcoin price is lower than your purchase price, you might incur losses if you sell immediately. If you choose not to sell, your problem remains unsolved.

Sometimes, unfavorable timing can lead to losses. Diversification, in my opinion, is a wiser choice. If you lack confidence in altcoins, you might want to explore alternative instruments such as stocks or gold. Without diminishing the primary status of your investment as Bitcoin.

Among all assets bitcoin is the first priority because it is digital asset that provide you a confirmed earning ability. But one should not think that you will win in a single day because quick profit means that as compared to other assets like gold and real estate the bitcoin investment can give you abrupt profit as fast it reduces so with the same speed it recover back easily.

Before investment remember that you will leave your invested money for upto four years so you will be calm and will not worried about market dips and pumps.

Those who think that they will buy bitcoin and in a month they will be Millionaire so their  thoughts are not good and it will make them discouraged therefore if you want quick profit in a month then you should choose another way because bitcoin is not such a way.

I agree with you. I hope OP and a lot of other people are not just investing because they know a lot of people are investing. It is always best to have a drive of your own, meaning invests because you are actually really personally interested and want to, not just because it is "trending" in your circle. Such a thing can be a problem, especially since there are people who hop on things like this because they want to feel like they belong or can relate to something, and once they start to lose money (because they did not even put any effort to learn the ins and outs of whatever it is they submit themselves to joining) and then they will blame the people around them that "influenced" them to join. I've seen and heard a lot of stories like this.

Many have gone through with that situation as yours. And that has driven us to learn more about Bitcoin and get the idea on how it works.
Once we've got enough knowledge on its volatility and how it's doing if ever we invest now, that pushes us to do something so that we won't miss it.

The impact is bigger for every individual since there are still countries that have been neutral to it. And the few that are against on it.

You're saying, "Believe what you see, not what you think," and then follow the herd straight to Bitcoin? Contradictory much? You're pushing for an objective evaluation and then making a subjective call based on its popularity. Popularity doesnt always mean its the right choice.

Remember when everyone thought the Earth was flat? Turns out, the majority isnt always right. Bitcoin has shown promise, sure. But its also shown unpredictability. Its crazy; fascinating to watch, but risky to ride without preparation.

While I respect the spirit of seizing opportunities, lets not toss caution to the wind. History has taught us that. And if we ignore those lessons, well, whos the real fool?

I was very interested in investing in Bitcoin at one time but I didn't have any savings at the time so I couldn't do it. But when I learned more about Bitcoin and got to know some details about the market, I became more interested in investing in Bitcoin. Unfortunately I didn't have the money to invest in Bitcoin then if I had invested in Bitcoin I would have almost doubled my profit now. But I later invested and invested from the same position where the bitcoin price was at the time I got paid and I'm still in big profit. Moreover, Bitcoin is often used for various essential tasks in our life and offers many benefits. Moreover, Bitcoin is very necessary to change the economic position of a country and helps the country a lot. So people who are still thinking about investing, they must discuss more about Bitcoin and decide to invest later, it will be very profitable for you in the future.

The positive thinking level you have about Bitcoin is good for you to continue and raise it even more. But I also just want to make it clear to you that Bitcoin does not have any power to control the inflation rate or interest rate. The only one who can do that is the government. It's like what you said was the same for me.

And it is also true that it is also good that you continue to learn here in the field of this industry in the world of crypto. Because I'm also sure that what you will learn here will help you maximize the things you should do as Bitcoin holders.

Don't just believe what you think is right but evaluate what you see and you will understand what is right. In the case of Bitcoin, it's evident, that the whole world is jumping in, anyone who hears about it and has a check on its history becomes interested in getting in on the ride, and if we don't cash the opportunity while seeing everything with our eyes wide open, there will be nothing left for us, in future, other than regretting not taking the right decisions.

So, people who didn't believe in Bitcoin in the past when it didn't have a high value or this much popularity are regretting their decision now, but we can't blame them because they didn't see what we have seen. So if we don't make use of the opportunities, we will be the only ones to be blamed for that.

Bitcoin is one of the most important things to invest in if you have the money to do so. As long as you are knowledgeable about bitcoin and conduct thorough research before making an investment decision, I believe you are free to do so. Even though bitcoin is a decentralised currency and we all know that, there are some countries that it is not accepted in, you are making a good decision by investing in it. In fact, you want to ensure that your future is bright.

Another thing you need to know is that investing in bitcoin is not an instantaneous process where you put money in and immediately reap the rewards. The majority of newbies who join forums believe that investing in bitcoin will make them wealthy over time, which is why they find it difficult to do so or to participate in forums.

It is fine if people decide to trade bitcoin and they do so for the high volatility this market can experiment, however the days in which a person could become rich with bitcoin overnight are way behind us as the volatility of bitcoin is not as extreme anymore, and you will need to trade altcoins to have any chance of achieving those results.

So it is important that those that do not care about bitcoin itself and only care about the profits they can get on the short term to have goals they can actually reach.

Bitcoin definitely attracts new members, people are more interested in investing in Bitcoin because of the many benefits of using Bitcoin.  But what I like about you is that you have tried to know enough about investments before investing and you have gained an understanding of profit and loss. It is very important to acquire knowledge about investments before investing. There are many more new members like you who have a strong desire to invest in Bitcoin someday. Many times we hear many types of reasons behind investing in Bitcoin. For some people, Bitcoin acts as a passion. There is a class of people who are more interested in buying a luxurious phone or a good quality bike and there is a class of people who are more interested in investing in Bitcoin and always try to find out how they can invest in Bitcoin.  Bitcoin is the best discovery in my life.

Indeed, volatility risk cannot be avoided, rising and falling BTC prices are normal and today BTC has shown its ability. Yes. One of the basic principles of the money economy is public trust and opinion because assets like Bitcoin are global and you normally don't need to make any conversions when you want to send them across borders. Yes. everyone has the same dream of having more definite funds to continue their investment journey, especially in BTC
     

I think the level of trust is high, but I have a slightly different opinion from you. I will share my investment not entirely in Bitcoin because Bitcoin has an inflexible value, so I will invest in land and property.


As we know, to invest beforehand we have to understand the characteristics and risks that will arise at some point in the future, so each choice is the right choice.
success always for you

Volatility is one of the reasons why people invested in Bitcoin. They knew that the price increases and decreases so fast that they can be millionaires just over a night unlike the traditional forex or stock market. Others may say that it has huge risk but people want that risk and are risking their investment on it. That is why they love Bitcoin aside from making their transactions anonymous and also making it another form of payment method it also gives them a chance to earn extra profit on it just by holding or trading Bitcoin.

Traditional finance will continue to be competed with by modern finance because now everyone is considering easier use with quality that is not bad in the financial sector. And of the various types of investment currently available, Bitcoin has been included in everyone's best choice so it cannot be denied that the development of cryptocurrencies continues to be seen every year because this is triggered by the increasingly widespread use of Bitcoin in all levels of society.

So don't be surprised when there are some people who continue to learn and continue to like the crypto space to get Bitcoin to be able to invest long-term for themselves. And spreading investment into several aspects or certain models is not bad at the moment as long as the choice is appropriate and wise enough for each of us.

Volatility is not the problem but what people consider most important because most of us are here for profit and not to support and promote bitcoin technology. I even doubt that if bitcoin did not have such huge volatility, would we continue to support bitcoin?

Many people are like OP, they say they are passionate about bitcoin but for me, we are passionate about making money, not passionate about bitcoin. Like I said, if bitcoin were no longer volatile and profitable, would OP still be as passionate about bitcoin as he is now?

There is no emotion here in bitcoin it depends on the individual's own decision when it comes to investment. If the market is always volatile and there is a risk to be taken then bitcoin is a good investment and has the potential to earn high returns if held for the long term. After the success of bitcoin many more such virtual currencies were introduced not all have been as successful as bitcoin this hints at a future financial system based on virtual currencies. They buy when a cryptocurrency is high sell when the price drops and then miss out when the price bounces. If the price drops and you no longer think that cryptocurrency is a good investment then you should sell falling prices shouldn't be the only reason you sell.

Believe what you think is right OP. Many people have come and invested in Bitcoin, so I don't think we just ignore it while seeing a lot of people are already involved in this. As long as you can afford to take risks and understand how it works, investing in Bitcoin is a great idea. Volatility is not a problem and perhaps, it was important because this will be the reason why we become profitable as we take the opportunity of buying low and are able to sell them high. It was not just we have a passion for doing this but it is all about how we strategies our investment.

It's true, Bitcoin has disrupted the traditional financial landscape. But remember, it's a journey with its share of bumps and highs. Diversification is often a good strategy, so consider spreading your investments if you get the chance. And you're spot on about learning – it's a lifelong adventure, especially in the ever-evolving world of cryptocurrencies!

Bitcoin is a risky asset due to its fluctuating price. Investing in bitcoin is certainly different from investing in other cryptocurrencies which carry greater risks. Not because market prices are uncertain, but there are other things such as fraud after we put a lot of funds into it until finally a loss is the result that will be accepted.
Bitcoin are limited in quantity and will become scarce when the supply reaches the total. So, many people use it as an investment asset and for me it really meets the expectations of investors. Making bitcoin a transaction tool for sending and receiving is the main thing about bitcoin.

The desire to have large amounts of bitcoin in a portfolio is dreamed of by many people who already understand bitcoin. Let it be stored safely in your wallet and will sell when the new ATH is reached.

That's the easiest and simplest explanation why we're telling people to hold for long term or until the next bull run cycle comes. I beg to disagree about holding as easy thing. It's actually hard and if you're not yet decided yet, you're going to play on your mind whether it's worth it or not.

It's hard but it's worth it as per experience.

The traditional investors will argue that it's also good as an investment but the long term of it doesn't give much so as the short term.

Well, isnt that the truth?! Admiration is different from obsession, right? Bitcoin is a highly effective tool with huge potential. People shouldn't jump into Bitcoin without understanding its complexities, just like they wouldnt give someone a chainsaw without seeing one.

Yes, telling friends, "Hey, I own some Bitcoin!" is cool. Many things happen behind that digital curtain. It empowers asset control and worldwide payment systems, but its not easy. Similar to buying a showy car without driving skills. Nice in the garage, but on the road? Another story!

Always remember: Knowledge is the best protection against Bitcoin's unforeseen behaviors.

I only see it from the scarcity side of things where the number of bitcoins mined has greatly reduced.
When something becomes scarce, the price "will probably go up high" so I think bitcoin will be like that when it goes up high in the future.
Indeed, we don't know anything about the future because anything can happen, but at least we have seen what has happened to the bitcoin cycle so far. Hence, there is a possibility that history will repeat itself.
Those who bought in 2021 will experience losses and some won't and it depends on how well they hold their bitcoin and if they can hold their bitcoin through this bear season, they will start to see those profits coming.
But if those who bought bitcoin in 2021 continue to buy bitcoin throughout this year when the price is still under $30k, it will be very worth doing, especially when they bought a lot of bitcoin when the price was under $19k some time ago.
Obviously, the average price at which they buy bitcoin will also decrease a lot.

They can learn to face the risks by looking at the volatility of bitcoin prices and from there, they can find out what they need to do and when they finally decide to invest in bitcoin, they already know how to adapt themselves to face the risks.
Investing in bitcoin without knowing or seeing the course of the bitcoin price so far only creates confusion for them because they cannot yet describe what they should do.
If it is trading, you need to read and learn about indicators and trends and look for information related to trading before you try trading using a demo account.
It's better to read and study the theory before we practice because if it's together, it will create confusion but come back to each person about what he thinks can be effective to do.

How will you learn to deal with the risks and volatility of bitcoin if you don't invest in it? I always see people advising newbies to research everything before investing in bitcoin including learning the risks and volatility. But if we don't invest in it, how can we experience the volatility of the market? Just like in trading, you will never become a real trader if you only learn theory and use a demo account. Because when you use a real account and real money to trade, everything will be very different from what you learn from theory. Theory and practice must always go together to be effective.

Everyone puts in "the passion" they want but don't forget about the brain, bitcoin is not a hobby, much less something that you can simply ignore if you use your savings, bitcoin has made it possible not only to create empowerments with people in simple things like power having safekeeping of your assets, accessing a payment system, in short those premises that you surely know beyond its simple price based on its volatility, something that apparently is what some only see, and it activates their passion.

That is, bitcoin allows anyone to immediately become an "investor", theoretically, but in reality 90% of people only buy and have no idea what it is like to manage a volatile investment like bitcoin. Be careful and carefully review the amount of money you are investing and know your investment return times well.

By holding bitcoin for one cycle means that a person will face the whole characteristics of bitcoin like that are ups and downs as well as special events such as halving because halving occurs after every four years.

So if you keep hold your bitcoin for four years and halving arises in this duration of holding then you can easily take benefit out of it. Holding is not a difficult work but if your money is not needed for other activities.

Gold is better for short term because in previous week the price was not so good but now again it reaches the value more than the actual price so if someone put money for a month he can get the benefit easily from gold.

They are used for different things. Gold isnt very dynamic, but Bitcoin is, with its roughly four-year cycle. But, you know, humans are creatures of habit and sometimes, old habits die hard.

After hearing stories of quick wealth and prices going through the roof, a lot of people get into Bitcoin. But they are sailing without a guide because they dont understand the four-year cycle. This is most likely why people fall into the two-year trap: they see things in shorter time frames. Getting standards in line with reality is what it takes. For those who understand Bitcoin's cycle better, they might get more out of their capital.

History has shown us that bitcoin always makes new ATHs, but that doesn't mean history will definitely repeat itself. I also hope history repeats itself, but we should not speak with such certainty and certainty, when talking about the future, anything can happen.

Furthermore, those who buy high in 2021 may not suffer losses but will take a lot of time to break even before thinking about making a profit.  Meanwhile, bear season buyers made huge profits as bitcoin returned to its old ATH. It's a waste of time and I also call it an investment failure, because while everyone else is making big profits, you're just breaking even or making a small profit.

I have also seen a reality that is very consistent with the facts in life where gold is still better to own for short-term hedging purposes. Because holding gold for any period of time is not suitable for expecting a lot of profit from it, as for Bitcoin I also really agree with the fact that you stated that in every cycle for four years Bitcoin always increases sharply so that everyone actually needs to hunt for Bitcoin when a downward cycle occurs and holds onto it until it meets a four-year upward cycle once again in order to take advantage before the next decline begins.

Because it is very clear that holding Bitcoin for a period of just one or two years with the aim of hedging and making profits is still less effective. This is because the cycle that occurs in Bitcoin is not every two years, but every four years as you said, but I just wonder why there are still many people who don't understand this. And even still blame Bitcoin when its goals don't get where they want it to after they held it for two years.

Those who bought bitcoin in 2021 did experience losses but if they still hold their bitcoin and don't panic about everything happening, they still have the opportunity to make a profit.
They can even buy more bitcoin when the price of bitcoin is still at a low level so if they buy it now, it will be a profit for them later.
A bitcoin investor will not panic even if the value of their investment decreases because they believe the price of bitcoin can exceed the previous highest price, which has been proven.
And when there are people who still want to buy bitcoin at this time, it means they are thinking far ahead and will calmly go through each day.
For this reason, many bitcoin investors are long-term holders of bitcoin because they see the potential for the price of bitcoin to increase very high in the future so they continue to buy bitcoin at low prices.

It depends on how long they hold the bitcoins. I see people constantly saying that bitcoin is a good hedge against inflation but for those who bought bitcoin in 2021, the value of their assets is even worse than being eaten away by inflation. Bitcoin has dropped more than 60% from its ATH. To me, bitcoin is a good inflation hedge if one holds it long term for at least 1 market cycle (4 years). For those who hold bitcoin for 1 or 2 years and especially during bear season, it will not be effective against inflation as it can lose 50% of its value in a year. Gold is still a better bet than bitcoin in the short term.

Preparing yourself by equipping yourself with research and gaining knowledge first before investing in Bitcoin is a very good start. Usually, it's rare for people or newbies to do this. But if you do it seriously, this will have a good impact in the future. Not only that, investing in Bitcoin is also considered high risk. but with a good understanding beforehand, we can consider and ensure that we understand how Bitcoin cycles and how Bitcoin will be valuable especially to ourselves first. There will be no regrets as long as we understand what we are investing in and we really know how to prepare it well. This is a Bitcoin investment that should be done as prepared, consciously, wisely and smartly as possible.

Actually BTC is a good financial tool, if the investment strategy is long-term hodling. However, in general, it's better not to invest all you have, since BTC is vulnerable to official policy towards exchange hubs, this can bring some instability of is price even if the market price is stable: most exchange hubs have rights to set fees at any level they want, so if there is local fiat inflation, most probably btc would be also affected (not in global market, but in local market, due to exchange hubs).

Before people invest in bitcoin, they better learn to deal with the risks because, with the volatility in bitcoin's price during this time, they won't be ready to see it and will just panic.
But if they can learn well, that risk will not prevent them from starting to invest in bitcoin because they already know how to deal with the risks.
And when there is high inflation, you already have a reserve fund that you can use to survive because, at that time, the prices of basic commodities will go up.
Meanwhile, the economy will be disrupted, but that won't affect you because you can survive with that reserve fund until the situation is under control.

You are right that Bitcoin helps people escape inflation in their country or rather saves their wealth from being deminished by inflation however note that Bitcoin's volatility can still affect the individual's wealth when store in Bitcoin in the eventuality of a market crash. Further aside Bitcoin acting as an escape route against inflation, real estate is another alternative.

I would like to commend @OP in being open-minded about his Bitcoin investment.  I believe @OP will be among the diamond hand that holds BTC since he knows the market limitations and possibilities.  And since @OP is ready to accept losses, I also think that he will not rush to sell his holdings when the BTC market price crash.

This is one beauty of understanding the market and knowing what we are venturing about.  I have high hopes that @OP will be successful in his endeavor so I encourage @OP to continue with his venture.  Btw, it is a wise move to invest the extra savings into Bitcoin while having other savings for future use.

All investments carry some level of risk, ranging from small to relatively high. Bitcoin, being a highly volatile cryptocurrency, entails significant risk. Therefore, you should be ready to face potential losses along with potential gains. It's crucial not to regret your decision later, as you are already aware of the associated risks.

Well, mate, you know that Bitcoin can be a hedge against inflation in the sense of having to save your funds in Bitcoin rather than having them in the bank. For instance, if you save like $1000 in your bank account and let's say you want to use the $1k to purchase a mobile phone next year, but due to the increase in inflation and devaluation of the dollar, the price of the phone goes from being $1k to $1300, that means you will need to add an extra $300 before you can get the phone. But if he, being the OP, decides to invest in Bitcoin and hold the Bitcoin till a bull season, instead of being inflated, he or she will have more profit on his investment than just keeping a lump sum of money in the bank account.

Bitcoin is not the first thing that comes to people's minds when they want to send money abroad. Bitcoin is still not widely accepted all over the world. There are places where Bitcoin is still illegal. So sending Bitcoin in a place like that won't help. For example, I live in Bangladesh. Bitcoin is illegal here and owning it could lead you to jail. Do you think it is a good idea to send Bitcoin here? We can still use it in secret but how good that will be?

Being decentralized, Bitcoin transactions will still remain secret. But in order to use it, we will have to convert it to local currency first. And this process in places where Bitcoin is banned going to be troublesome. I got your idea, it is the easiest way to send money to any place. But not the best choice always. If Bitcoin is legal where you want to send it, then no doubt it will be the best choice.

Lastly, good luck to your future. Hopefully, you can make the best out of your investment.

I find it very cool to hear that you are passionate about Bitcoin and that you are excited about your investments! Many people like you are there for their decentralized properties and their ability to help people protect themselves from inflation in some countries, I have seen cases like Venezuela where several people fight the crisis that is occurring in the country with the help of Bitcoin , they scalping their trading to get fast but not very noticeable results… As for the OP, I always like to advise on a good financial education and understanding of the risks involved that are essential to make investment decisions, and even more so when it's about BIicoin... because there is a possibility that the value of Bitcoin will fluctuate and that there will be ups and downs in the market.

An advice that I would give you, it is that you have a long-term investment mentality so that you are prepared to face possible losses and also that not only all your investment focus is directed to Bitcoin, try to diversify and have physical investments, do not get caught up in just one thing, the big investors have their money in constant movement in more than one place.

Please correct me if am wrong but I thought inflation is actually on the whole country economic system and since your country isn't using bitcoin as a legal tender, I wonder how you escaped this inflation because you spend and use your country fiat and things added price because of inflation and I don't see and understand how you escaped the inflation because even if you bought something with bitcoin the price is still affected.

OP, there's a saying that nothing lasts forever. In the case of Bitcoin, I know that it will last for a very long time and that it still has a lot of high-priced tasks to accomplish, but the truth is that no one can tell what it will happen in the future. So, in order to be on the safe side of financial management, you have to remember and abide by the economic rule that states, "Never put all your eggs in one basket." Apart from Investing in Bitcoin, there are other assets like commodities, bonds, stocks, and real estate to invest in; you must not just make your entire life savings investment in Bitcoin. Rich people usually exploit every new opportunity that they believe can be of good benefit to them; they don't only rely on one opportunity. So, to reach a sustainable financial level, you will not only put all your hope on one investment. But Bitcoin is one of the best investment opportunities we have had so far.

I like the way you are having mindset of losing, in case if things goes wrong. But i will recommend you just invest for long term, you should be prepared to hold your bitcoin for long period of time if you are planning to reduce your loss, and make sure you don't hold your bitcoin on any exchange, make sure you create a non custodial wallet and make sure you properly secure your private key. Make sure your private key is completely store offline, where their can not be a internet connection.

Bitcoin has come and stay, and i have the believe that bitcoin is going nowhere, so i can say bitcoin is going to last as far as fiat currency is in existence, so you should't panic maybe bitcoin is going to disappear any moment, bitcoin is going nowhere, you can invest.

Escaping inflation rate can't be the reason why you invest in Bitcoin because there are other risks that are present, you can still lost your money investing in Bitcoin..

1. If you don't protect your recovery seed very well or you use a custodial wallet that may never turn to scam or something else.

2. Volatility is preset in Bitcoin, investing all your money now with the hope to use some at a certain time and Bitcoin have dropped significantly, if you sell then you are at a loss.

This is why you must only buy Bitcoin with money you can afford to lose, just because you can escape inflation holding Fiat doesn't mean holding Bitcoin has no risks.

By investing in Bitcoin after gaining enough understanding and knowledge about investing before investing in Bitcoin, you are showing a very smart person. In the case of new investors we usually see something different, the newbies are usually not very interested in learning they just follow others and try to invest which results in most of the time they fail in investing. We must try to gain sufficient understanding of the work before doing it. When we have some idea about that work, surely I can do it better than those people who have no idea about this work. So before doing anything, you must know about it well and then do that thing, that is investing in Bitcoin.

Here some are saying that Bitcoin is a risky investment and I will add one more thing that if you are investing in Bear Market then Calm down and hope for the best.

When Its risky investment?
1. When you buy it at the pick point or have no target to grab profits.
2. When you never follow the trend and make your decisions opposite of it.
3. When you are emotional to see any sudden dump and can't bear it. You have to be prepared to see any sudden correction because that's a part of it's growth.
4. When you are holding it in a Custodial wallet where you don't have full control of your funds.
5. When you are just investing all of your assets to get rick quick and it's not a get rich quick scheme. So you may wait a long period for having a good result. Never invest all in it but you should invest when you get opportunity or get extra funds.

There could be many more when Bitcoin investment is risky so if you can manage all of them then Bitcoin is perfect for investing. Still now no one can predict about it's future and a sudden bad news can crash the whole market. But as we have passed a long way and we saw how it is growing potentially and adopting by the big institutions, so we can surely believe on it.

I appreciate the decision from OP and he should correct some of his strategy and should start doing DCA. It will impact huge for a proper investment.

I mean for sure Bitcoin is a risky investment even though right at this moment the price of Bitcoin could easily drop a huge percentage one big bad news could easily affect the market price of Bitcoin just imagine if the Bitcoin code or structure have been cracked and hackers found a way to hack our Bitcoin that could easily affect Bitcoin for sure, and a lot of people is going to be afraid to hold bitcoin and probably going to end up selling it right after the news was released pushing the market price to drop.

It is surely going to be the normal thing to make mistakes but just make sure to not make the same mistakes be sure to always learn from your past mistakes to avoid losing money, but it will even be better if you're going to learn from other people's mistake, I mean we already have the forum and there are a lot of great members here that share there experiences and what you can do is learn from their experiences, you could just continue to learn here until you already know what you're doing and then start to invest.

I am happy that you backed up your passion with knowledge about Bitcoin. Saving money in banks is becoming worthless due to inflation. The interest from banks can not be compared with the level at which the local currency is losing value. Investing your savings is the best option and Bitcoin is a good avenue to save and get returns. But it is better to have a long-term plan for Bitcoin because it might not yield much profit within a short period of time. Many people that invested in Bitcoin didn't regret especially if they have the right mindset and plan.
 
Bitcoin awareness is spreading and people are embracing the currency in many nations. And Bitcoin's popularity will keep growing as more people understand its benefits I have heard some persons intending to borrow money to invest in Bitcoin because they believe that Bitcoin will always be profitable. For me, we should invest only what we own and can able afford. We are still in the early stage of Bitcoin and the currency is built to last as long the blockchain technology. So you don't have to worry about the durability or lifespan of Bitcoin.

Any investment will have risk, the higher the return, the higher the risk. Bitcoin is safer than altcoins but riskier when compared to investments like gold and real estate.

Good to see OP and more and more people investing in bitcoin. But I also want to emphasize once again that investing is risky, I hope OP will diversify his assets instead of focusing and putting all his energy into bitcoin is very risky.

I believe you meant invested your savings in bitcoin. Edit*
 Now to the op I have this few points to give you, having a negative mindset when embarking on an investment is a bad thing to do and when it comes to bitcoin investment, the reasons why investors are advised to invest the amount of money they can afford to lose is because of the changes in the price volatility not because  there's a certainty that there will be a loss in the investment so don't see bitcoin investment as a total lost of funds even before investment because it will create more fear to Young investors and beginners. The most likely reasos why people encounter losses in bitcoin investment is their inability to have proper knowledge before investing, wrong investment plans and their inability to follow up the market properly before and after investment.

Having passion in bitcoin is a nice thing because it will increase your desire to know it deeply. Op you still have more corrections to make. Probably you were saying you have not regreted by knowing bitcoin and also on the part of inflation. I don't know how you understand inflation but before then let me give examples. You went to the market fish, and as of last year the particular fish was sold $3 and in this year, it is sell $5 and you have bitcoin so you want to buy the fish, will the bitcoin reduce the price of the fish back the $3 again so I don't see in the place where bitcoin make people to escape from the inflation. Bitcoin came to meet inflation and bitcoin cannot remove inflation.

Not only in terms of volatility, but Altcoins also are not decentralized like Bitcoin and in some cases, We do not know how many that will be in circulation, some are controlled by one entity or group of developers who decides on the project.

Furthermore, the developers can create as many coins as they want and dump them at any time, whereas they cannot create more than 21M BTC, and no one controls or decides what will happen to the price of Bitcoin, unlike the shitcoins out there which are owned by a team or an individual.

This question was actually one of the most asked in the early days of bitcoin, aside the technical detail that its mining will stop in the year 2140 which is a long time from now. The adoption rate or growth has shown that it is a technology that would be embraced more in the future and as a solution to many monetary crises faced by the fiat currency I am of the belief that it would even live beyond that time as a currency for transactions


If you look at the number of people still building there own bitcoin mining farms or joining mining pools considering how expensive it is to buy the mining equipments then we can say that it is still and would be an incentives to miners. We should note that it is only the mining fees payed to miners that would stop when mining stops, the transaction fees which is also been earned by the miners currently will not stop as even after mining stop’s transactions would take place then.

We don’t even know maybe the transaction fee will be then since bitcoin will have grown in great value by that time. Probably 1 satoshi would be equal to more than a dollar then

Thanks for the link you attached. I don't think we really need to rush into buying bitcoin with all our money, buying it gradually will help us analyze price movements. Sometimes I worry that after buying bitcoin the price will drop sharply, when we still have money then we can buy again when the price of bitcoin is lower than the previous purchase


Yes, I agree with you, I would never advise anyone to hold altcoins long term. However, for short-term trading activities, altcoins sometimes provide more profit, of course, with the same risk. For altcoins, maybe I only believe in ethereum, but still if I had to choose, I would choose holding bitcoin over eth

Since a few years ago Bitcoin has received recognition from great people about the advantages it contains, many people have made huge profits from their trust in saving money in Bitcoin. Your awareness of Bitcoin can help you avoid inflation, the money you save in Bitcoin will have a positive impact on you when you have exchanged it.
I think you are aware of the risks that will occur if the price of Bitcoin collapses after you buy, the best decision will lead you to the level of success in investing in Bitcoin. Patience will lead you to a profitable exit, don't panic easily when you are in a declining value, believe me there will be the best time that can bring big profits after market turmoil occurs.

You have good principles with this choice I think.
Because bitcoin is decentralized, volatility is simultaneously uncontrollable. Anyone should have other reasons when choosing bitcoin as an asset more than just the price. Bitcoin can also be disappointing if you only see it from one perspective. More importantly, however, bitcoin is a payment instrument.

Categorically speaking, all cryptocurrencies are risky in their respective ways, but when it comes to level of risk, I will say that Altcoins are more riskier as compared to Bitcoin due to it's high rate of volatility. Moreover, with the right tool and analysis, the future price of Bitcoin can be predicted, as it's not rocket science, since we have got day traders who do this and still making a good decent amount of money from day trading Bitcoin.

You don't have to worry about that, as it's among the things you should think less of. Things I would have wanted to see you consider are security—how you can secure your holdings very well without losing access to them for the time being for which you might have planned to hold them; it's not just about buying; it's also about how secure you can keep them safe till your time of selling; what wallet is to be used; and all of that. Those are the things I wanted you to be concerned with and ask for recommendations about.
 

Are you only investing in Bitcoin because of its decentralized nature? If that is the case, you have really made the best choice on the right coin that truly has that, but you should also consider some other use cases for it, like investing in it like an asset, seeing it as a store of value, or a means of exchange, and all of that.

Nobody loses in Bitcoin as long as you are a true holder, and you have a strong belief in its potential, your shares maybe be down but if you have the patience and you invest with money that is allocated for Bitcoin investment only there is nothing to worry about, as long as you see how it is adopted and it's being used by many people.

Like you, I'm also looking for an opportunity to add more to my Bitcoin investment it's one year to go before the halving  another round for a huge profit.

You don’t need to be encouraged to have a loss if you want to invest on Bitcoin since you will never faced losses if you will never sold your holdings. Yes you might experience temporary loss/ paper loss but this losses will not gonna be realized if you will not sold. Being positive on your investment at all time will make you more encouraged to keep holding for greater price instead of focusing on your losses or accepting losses.

Losses is really part of investment but we are talking about Bitcoin here with a proven steady price growth so losses is very minimal if you are strong hands. 

Everyone is now pre-inform than ever, the guy who doesn't care about inflation then has now looking for alternative ways to guard their worthless and I'm happy you have taken the good route of starting bitcoin as an investment. Having Fiat is not enough to even pay bills because there is an increase of price everywhere and the common man has not got an increase in their paychecks and salaries, it is traumatizing but keeping your money in Bitcoin is one of the ways to avoid such things. Though, it is not guaranteed as a safe haven for the safety of your investments because of the volatility.


Learning without a guide gives room for many errors but if you are serious about your research, trust me many of them can be avoided. The more we live, the more we learn about bitcoin, you never know one day what the price of bitcoin will say, instead of having regrets, I will rather hold with the same beliefs even when others don't have the same interest as you do, just keep buying at every opportunity of price drop. 

It is nice you admitted to the fact that reading and having knowledge of what you want to invest in is good to keep you on the safe side. As an investor, it gives you guidelines to follow and also knowing  the right time to invest in such project. Bitcoin is not left out as you can see lots of articles and blogs on Bitcoin out there. lt is not a hidden fact anymore. There are also YouTube videos in which you can watch and get more insight into Bitcoin.
When you read, you equip yourself more on potentials and what to see in the cause of waiting for your investment to grow so as to take profits.

Reading makes you more knowledgeable and learned to situations while exposing you to things you have no much information on.


It's massive adoption is going on and it would get to a point that wether government approves of it or not, her citizens would be trading on Bitcoin. Till it get to that point the government would have no option than accepting and making Bitcoin legal in their various countries.

Do Dollar Cost Averaging (DCA) will help you to gradually accumulate bitcoin but won't be affected too much by short term price movements. You will have less emotional, psychological effects on your decisions if you apply DCA method for your investment.

dcabtc.com

You can trust Bitcoin as its quality and security are already verified but with altcoins, many of them have yet been verified or tested enough so you must be more careful if you are thinking to invest in altcoins.

Table for Dollar Cost Averaging Returns with many altcoins.

I am glad you are interested in bitcoin and willing to do some research on bitcoin before deciding to invest in bitcoin. I suggest you to buy bitcoin gradually to see the price movement of bitcoin.

You are also smart enough to see the risks that might occur in your investment. I think now that bitcoin has a logical price and maybe it's a good time to buy bitcoin. Hopefully you have a plan for holding bitcoins for the long term, as it's easier and doesn't require as much analysis. You only need time for bitcoins to reach $100,000. We believe bitcoin will have that price in the next few years

I wish everyone would have your mindset, then we could all sleep better knowing bitcoin can only rise and not drop, that would be great.

When I was new to all this I was thinking the same, put a lot of energy into it and hoping to get rich. 
Now, some years later, I am still in the same state of my life, haha. The big push in crypto is still not as much as I want it to be.

Anyway, can can all benefit from bitcoin and crypto, even though many think the opposite. Let's keep trusting and investing in it and hope for a bright future!

Yes, it is said that technically bitcoin can be mined till 2140, but we don't know if it will still incentivize miners.

In any case, bitcoin can be treated as currency, or store of value and what the majority is doing, used it as a investment vehicle and obviously for us to make some profits if we are going to hold on it.

As far as global adoption though, it might take a slow process. We don't even have the exact numbers on how many people around the world it into bitcoin right now.

I hope you're not investing on bitcoin because others are, you need to have the understanding of why you should invest, where to invest and for how long should your bitcoin investment remain with you on hold, there's also needs to have the background knowledge of how to maintain a security network within the bitcoin network by ot exposing yourself to the people to attack or scam you, not alone with that, you also needs to keep learning to get yourself updated on what's going on in bitcoin network each day and don't overconfidenced yourself as well.

You're in high spirits, this is a good thing, and if you think investing in btc is a good thing, that's fine as long as you know the risks of investing in btc and accept the risks.

Indeed, fiat currency is always subject to inflation, but BTC investment is of course very risky, because we will not know the price of btc in the future, so in my opinion in this case we only invest money in BTC using idle money. but of course the decision is in the hands of each.

Bitcoin cannot control inflation rate, that's what your government policies are put in place for. Bitcoin can help you escape inflation rate by using it as a hedge fund.

It will last for many more years. A verifiable protocol which is decentralized and deflationary has the potential to outlive even the current financial system.

I'm so passionate on bitcoin since I made research of bitcoin I have being excited in bitcoin and I'm not regretting that I invested in bitcoin with my second saves, its good to read articles containing bitcoin information before deciding to buy bitcoin I have read and I have regret, myself I assured myself that I have not make a mistake by investing in bitcoin, because bitcoin now is what that helps so many arms of people to escape inflation rates in their countries, everywhere you go its all about investment information you will obtain of bitcoin.
 
Before I invested my saves in bitcoin I have already encouraged myself of the loss if I may have a loss but what give me the moral to invest is that Bitcoin adoption is occurring with massive way and till now everywhere you go and people there is discussing of monetary transaction of bitcoin, and when you think of sending money to people outside the country first thing that will come to your mind is to use Bitcoin. My fair in bitcoin is that nobody knows how many years it will last in earth or bitcoin will continue to exploit in future.

If i have another financial opportunity I will wish to invest more capital in bitcoin because it is a decentralized currency

Edited corrected by @Upgrade00, thanks sir

Learning is a continuous process