Topic: Newbie Don't be afraid of buying Bitcoin - page 2. (Read 485 times)
Their is nothing to be afraid of buying bitcoin expecially when you know the right thing to do with bitcoin, atleast buying bitcoin to invest and never depend in the profit that it will becoming shot time. It is very healthy when people buy bitcoin and don't expect profits from it so soon. People who buy bitcoin to make profit from it so soon always end up regretting for the step they took. Newbies needs to know Bitcoin does not make one to be rich, with this mindset they may end up investing all they have in bitcoin. Understanding how bitcoin is will make newbies invest without having fear, than investing in Bitcoin with a shallow Understanding and having too much expectation of profit from bitcoin.
Inflation is too high, retail salary vanished day it arrives, it not retail that buy Bitcoin now,
you wouldn't like to hear this, but the one buying assets now are the wealthy, they will likely continue the trend of the rich getting richer
Yes, that's true that Newbies shouldn't be afraid of buying Bitcoin despite whatever it is currently, because what the future holds for them is far more better than the present advantage which they may stand to benefit today. Hence, as an early adopter it is good to buy as much bitcoin as you for now, so as not to to regret in the near future when the price of Bitcoin starts to skyrocket higher after next year halving, and then wished you had both as much as possible for savingsyou wouldn't like to hear this, but the one buying assets now are the wealthy, they will likely continue the trend of the rich getting richer
Maybe before taking decision first they should need to know the risk that possibly they might encounter so they would know if they can handle the pressure or not since if they are not ready yet then a proper decision can be made if those guys still willing to take the risk or for now a good research will be done on their side. But once they are done and do full analytics towards everything they know about bitcoin then its perfect time for them to buy some and participate to any possible good trades on each volatility happened.
Once they get more experience on each scenarios that they encounter for sure they became more better holder or a trader and it will convert to good profits which is totally beneficial to them. I can't say that they might became a early adopter at this point if they avail some volumes but what's important scenario there is they participate on trading activities since this could improve their skills to get more better benefits especially if they are so eager to learn. Bitcoin price might skyrocket and to lucky for newbies to buy at current low since there's a high chance that they could potentially earn once bullish condition start to happen and it can give big hypes to people acquiring bitcoin at that moment.
The purchasing power of 1Us dollar vs 1Bitcoin clearly shows that one is going to zero, while the other is not.
When we compare Bitcoin with the best, most used fiat and most reliable currency in the world, the Us dollar it clear show that Bitcoin is on a different level to the Us dollar.
Let me show you why wealthy men like changpeng Zhao(cz), Brian Armstrong, Jed mc Caleb etc can hold billions in Bitcoin without being afraid.
This people you just mentioned are not just investing in Bitcoin because they have the money to invest, these are men that truly understand bitcoin and are very sure of what they can gain from bitcoin. Have seen people who can afford to buy bitcoin but they didn't last long in the market because they do not understand the market.When we compare Bitcoin with the best, most used fiat and most reliable currency in the world, the Us dollar it clear show that Bitcoin is on a different level to the Us dollar.
Let me show you why wealthy men like changpeng Zhao(cz), Brian Armstrong, Jed mc Caleb etc can hold billions in Bitcoin without being afraid.
Investing in Bitcoin can work when their is understanding to know what the market is all about, then invest accordingly to what you can afford to lose. Investing in Bitcoin is not about being rich but having Understanding , understanding keeps one calm knowing that their will be a time to make profit.
When we compare Bitcoin with the best, most used fiat and most reliable currency in the world, the Us dollar it clear show that Bitcoin is on a different level to the Us dollar.
I want to know what differences you mean, so there is a lot of material for us to discuss here. Fiat is clearly different from bitcoin both in form and in the degree to which it retains value. The levels of the two are indeed different, but perhaps you should mention more specifically so that it is more focused for our discussion.Let me show you why wealthy men like changpeng Zhao(cz), Brian Armstrong, Jed mc Caleb etc can hold billions in Bitcoin without being afraid.
And there are also many other people who hold bitcoin without fear and that is because they are able to see good long-term potential in bitcoin. Apart from that, they also have greater opportunities because their financial level is very stable and they are far more affluent to invest in bitcoin. The level of investment they make is different from other people because they have become rich people in the world, investment must be based on the level of someone's ability to be responsible. 
Quote from: Hypnosis00
Rich people can never be afraid of taking risks as they are not afraid to lose their money as well, unlike those who are in the middle class or poor class.
As we can see, wealthy people mostly get into making business and investments because they have enough capital to start with.
These are the most common reasons why people are afraid to buy Bitcoin
- lack of funds
- lack of knowledge
- hearing negative feedback/scam issues
It was hard to convince someone to get into buying when we were already influenced by negativity.
As we can see, wealthy people mostly get into making business and investments because they have enough capital to start with.
These are the most common reasons why people are afraid to buy Bitcoin
- lack of funds
- lack of knowledge
- hearing negative feedback/scam issues
It was hard to convince someone to get into buying when we were already influenced by negativity.
Wealthy people like to visit the market to purchase Bitcoin without considering the price at the moment, because they believe that there is no way they will purchase Bitcoin and hold the price will not increase in the future for them to achieve income from their investment. Now that the price of Bitcoin is still moving between $26,357 and $27,212 over some weeks that is making poor people not to come close to the market, but wealthy people are still using the opportunity to buy Bitcoin for future purpose. Lack of capital can make some people not to buy Bitcoin even though they wish to buy at this bearish season but the capital to make it reality is not there unless he or she do everything possible to secure a huge amount of capital.
Inflation is too high, retail salary vanished day it arrives, it not retail that buy Bitcoin now,
you wouldn't like to hear this, but the one buying assets now are the wealthy, they will likely continue the trend of the rich getting richer
Yes, that's true that Newbies shouldn't be afraid of buying Bitcoin despite whatever it is currently, because what the future holds for them is far more better than the present advantage which they may stand to benefit today. Hence, as an early adopter it is good to buy as much bitcoin as you for now, so as not to to regret in the near future when the price of Bitcoin starts to skyrocket higher after next year halving, and then wished you had both as much as possible for savings, instead of keeping it in the bank. you wouldn't like to hear this, but the one buying assets now are the wealthy, they will likely continue the trend of the rich getting richer
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If you are afraid that Bitcoin would go to 10k,ask yourself why they hold billions in Bitcoin.
Don't you think that they had more insight than you will ever have?
Why do you think Nasdaq crashed 1.8% 2days ago and Bitcoin holding 27k line? Buyers still buy no matter what, that shows confidence in Bitcoin, and remember retail got no money right now.
Inflation is too high, retail salary vanished day it arrives, it not retail that buy Bitcoin now,
you wouldn't like to hear this, but the one buying assets now are the wealthy, they will likely continue the trend of the rich getting richer
If you are afraid that Bitcoin would go to 10k,ask yourself why they hold billions in Bitcoin.
Don't you think that they had more insight than you will ever have?
Why do you think Nasdaq crashed 1.8% 2days ago and Bitcoin holding 27k line? Buyers still buy no matter what, that shows confidence in Bitcoin, and remember retail got no money right now.
Inflation is too high, retail salary vanished day it arrives, it not retail that buy Bitcoin now,
you wouldn't like to hear this, but the one buying assets now are the wealthy, they will likely continue the trend of the rich getting richer
what you say here makes perfect sense but most poor people are more concerned about eating than investing in bitcoin haha, what I learned from the lifestyle of crypto billionaires is that they make a lot of money from the business they run, if CZ or Brian were just normal people, I doubt they will spend all their money to invest in Bitcoin, so I don't force everyone to put their money in Bitcoin, but they can set aside a portion of the income they get per month to invest in Bitcoin, of course using the DCA method.
Rich people can never be afraid of taking risks as they are not afraid to lose their money as well, unlike those who are in the middle class or poor class.
As we can see, wealthy people mostly get into making business and investments because they have enough capital to start with.
These are the most common reasons why people are afraid to buy Bitcoin
- lack of funds
- lack of knowledge
- hearing negative feedback/scam issues
It was hard to convince someone to get into buying when we were already influenced by negativity.
As we can see, wealthy people mostly get into making business and investments because they have enough capital to start with.
These are the most common reasons why people are afraid to buy Bitcoin
- lack of funds
- lack of knowledge
- hearing negative feedback/scam issues
It was hard to convince someone to get into buying when we were already influenced by negativity.
Bitcoin investment is indeed promising in the long term, it has been proven that rich people will get richer by investing in Bitcoin. I honestly cannot overemphasize how profoundly Bitcoin Investing has helped save and change the lives of many people. However, there are also quite a few beginners who remain poor because of ignorance, they should need a lot of knowledge in learning everything about bitcoin so that they finally understand enough to know how to invest in bitcoin and store bitcoin well.
Indeed, to be like them (rich people as you mentioned), it is better for us to take risks and make sacrifices than to remain poor. BTC prices fluctuate, but I think we should educate newbies on what to do besides holding bitcoin.
The long time that it is make it very difficult for people to have patience if waiting for example imagine planting you don't have a choice than to wait till it is ready to harvest then that is the profit for planting so if you going into bitcoin the nature of bitcoin have to be understood that its a long time investment that its nature have to be understand its not sometimes you just go into first you need finance to start investing in bitcoin then sick knowledge of what you are investing in Avoiding that portion has caused many firms to fail, so if you don't want to lose money, have information and take calculated risks rather than careless ones.Indeed, to be like them (rich people as you mentioned), it is better for us to take risks and make sacrifices than to remain poor. BTC prices fluctuate, but I think we should educate newbies on what to do besides holding bitcoin.
In short, investing in Bitcoin is not a quick rich scheme where one thinks he will get rich as soon as he put money in the Bitcoin market. Bitcoin investment needs patience. Strong hands or if possible be a diamond hand. One must also have his selling price so that there is a reason for him to hodl Bitcoin when the price does not meet his expectation.
One must also spend the money that they can afford to lose to invest in Bitcoin. They also must have a way to secure their daily needs so that they don't have to sell their BTC investment due to lack of money.
If an investor is in for a long term, there is indeed no need to be afraid since according to the history, Bitcoin always hit its new all time high a year after the halving.
Bitcoin investment is indeed promising in the long term, it has been proven that rich people will get richer by investing in Bitcoin. I honestly cannot overemphasize how profoundly Bitcoin Investing has helped save and change the lives of many people. However, there are also quite a few beginners who remain poor because of ignorance, they should need a lot of knowledge in learning everything about bitcoin so that they finally understand enough to know how to invest in bitcoin and store bitcoin well.
Indeed, to be like them (rich people as you mentioned), it is better for us to take risks and make sacrifices than to remain poor. BTC prices fluctuate, but I think we should educate newbies on what to do besides holding bitcoin.
The long time that it is make it very difficult for people to have patience if waiting for example imagine planting you don't have a choice than to wait till it is ready to harvest then that is the profit for planting so if you going into bitcoin the nature of bitcoin have to be understood that its a long time investment that its nature have to be understand its not sometimes you just go into first you need finance to start investing in bitcoin then sick knowledge of what you are investing in Avoiding that portion has caused many firms to fail, so if you don't want to lose money, have information and take calculated risks rather than careless ones. Indeed, to be like them (rich people as you mentioned), it is better for us to take risks and make sacrifices than to remain poor. BTC prices fluctuate, but I think we should educate newbies on what to do besides holding bitcoin.
I definitely agree with your post.
Purchasing BTC is definitely something that everyone should consider. Its store of value is relatively high which makes it a good investment for either short or long-term. Given as a high store of value, its value also as an asset increases overtime (as proved by its price history index) due to the forks that happen all throughout the years.
Newbies should definitely consider buying BTC as an addition to their portfolio of other investments. But be reminded that by purchasing BTC, it does NOT absolutely make you rich but it can potentially make you a lot of money if you play your cards right.
Purchasing BTC is definitely something that everyone should consider. Its store of value is relatively high which makes it a good investment for either short or long-term. Given as a high store of value, its value also as an asset increases overtime (as proved by its price history index) due to the forks that happen all throughout the years.
Newbies should definitely consider buying BTC as an addition to their portfolio of other investments. But be reminded that by purchasing BTC, it does NOT absolutely make you rich but it can potentially make you a lot of money if you play your cards right.
I think a lot of people get scared and automatically push back on what they don’t know nor do they understand. Fueled with propaganda and misinformation that’s found all over, it that further deepens the distrust. While I agree with you that newbies shouldn’t get jittery and scared when thinking about buying bitcoin. I can understand their fears and worries about going though with buying bitcoin. Newbies, as the word implies, are new and with very limited knowledge about bitcoin, can get too enthusiastic and still being ignorant can get targeted by scammers, get scammed and a wrong notion about bitcoin is born.
Having learnt and understood the basic information and knowledge about bitcoin, I doubt anyone who’s interested would be afraid of buying bitcoin. People just have to understand what it is they’re putting their money into.
Having learnt and understood the basic information and knowledge about bitcoin, I doubt anyone who’s interested would be afraid of buying bitcoin. People just have to understand what it is they’re putting their money into.
Newbies must understand the reason why people are buying and why they are holding a lot of Bitcoin for many years if they don't think and believe that it will rise.
However, having that mindset depends on how we trust Bitcoin. Of course, I don't force newbies to invest in Bitcoin if deep inside they are uncertain because the more chances that they will sell them when the market dumps. We say that Bitcoin is for everyone but only a few have the guts to take risks while some are afraid and think negatively. After all, it is our individual decision, not from anyone.
However, having that mindset depends on how we trust Bitcoin. Of course, I don't force newbies to invest in Bitcoin if deep inside they are uncertain because the more chances that they will sell them when the market dumps. We say that Bitcoin is for everyone but only a few have the guts to take risks while some are afraid and think negatively. After all, it is our individual decision, not from anyone.
As we all know, bitcoin is a volatile asset and as such, it is bound to bull and bear. In that case one needs to be very watchful of the market trend. As for the newbies, the best time to buy bitcoin is now that the market is currently bear, you can buy while it is still cheap within your reach as halving is just few months from now.
I would advise that before a newbie is introduced into bitcoin or thinks of purchasing bitcoin, they should learn the basic fundamentals of bitcoin before they venture so that they can control their emotions and not allow the market conditions take them off balance psychologically or mentally as the case maybe because not everybody can be able to control such outcome when it gets to that point.
Lastly, for the fact that bitcoin is volatile, one is advised to always use their spare cash of funds they could be able to afford loosing so that if any uncertainty comes up or an adverse market situation takes place, it does not affect them as they have other sources of income for their support.
I would advise that before a newbie is introduced into bitcoin or thinks of purchasing bitcoin, they should learn the basic fundamentals of bitcoin before they venture so that they can control their emotions and not allow the market conditions take them off balance psychologically or mentally as the case maybe because not everybody can be able to control such outcome when it gets to that point.
Lastly, for the fact that bitcoin is volatile, one is advised to always use their spare cash of funds they could be able to afford loosing so that if any uncertainty comes up or an adverse market situation takes place, it does not affect them as they have other sources of income for their support.
When we compare Bitcoin with the best, most used fiat and most reliable currency in the world, the Us dollar it clear show that Bitcoin is on a different level to the Us dollar.
Let me show you why wealthy men like changpeng Zhao(cz), Brian Armstrong, Jed mc Caleb etc can hold billions in Bitcoin without being afraid.
If you are afraid that Bitcoin would go to 10k,ask yourself why they hold billions in Bitcoin.
Don't you think that they had more insight than you will ever have?
It cannot be denied that when someone really understands Bitcoin, they certainly will not feel worried about Bitcoin's condition, even in every era, we certainly have confidence that there will be an era where Bitcoin will rise again, because that is the cycle. And Bitcoin has become an extraordinary thing in the world, not only as a global currency that can be used but also as a very valuable investment.Let me show you why wealthy men like changpeng Zhao(cz), Brian Armstrong, Jed mc Caleb etc can hold billions in Bitcoin without being afraid.
If you are afraid that Bitcoin would go to 10k,ask yourself why they hold billions in Bitcoin.
Don't you think that they had more insight than you will ever have?
But unfortunately, not everyone understands and wants to understand this. Fear and worry about Bitcoin being intangible is what makes them withdraw. Moreover, there is a lot of FUD that continues to attack Bitcoin, this makes some people not even want to put their money in Bitcoin. In fact, as the OP said, this worry is normal. But Bitcoin has proven how it can be truly valuable and a promising investment. As long as we invest in Bitcoin, and we can grow it well, then this will be more enjoyable and the results are promising. But don't worry about altcoins that won't necessarily be successful.
Their is some factors we have to consider for bitcoin investment, the factors we need to consider before investing in bitcoin is that their is every tendency that bitcoin can fall to beyond our expectations and their is every tendency bitcoin may increase above our expectations as well, we don't need to be afraid of investing in bitcoin when we have understood the rudiments of bitcoin because its a currency that you can't predict its features accurate so when investing in it you have to have two things at back of your heart knowing that it may increase or decrease at any point in time and that is the futuristic of bitcoin, its dependable and the price is not stagnant.
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Rich people have the money to invest and keep investing in assets like Bitcoin or other assets that they please, while poor people are scared of investing because they are scared that their little money might slide off their hands or they are only concerned about their wellbeing and not about investing for the future. That's why rich people keep getting richer and why the poor are getting poorer; it only takes a determined poor person, low-class person, or middle-class person to be able to invest. Some of them, even if they want to invest, are rather looking for some quick way to make money, which can land them into investing their money in Ponzi schemes, and they end up still losing the money that they were scared of investing in Bitcoin. Bitcoin is not a bad investment, and it is better for newbies or every other skeptical person to realize it and begin to gradually accumulate Bitcoin.
Let me show you why wealthy men like changpeng Zhao(cz), Brian Armstrong, Jed mc Caleb etc can hold billions in Bitcoin without being afraid.
If you are afraid that Bitcoin would go to 10k,ask yourself why they hold billions in Bitcoin.
Don't you think that they had more insight than you will ever have?
Why do you think Nasdaq crashed 1.8% 2days ago and Bitcoin holding 27k line? Buyers still buy no matter what, that shows confidence in Bitcoin, and remember retail got no money right now.
Inflation is too high, retail salary vanished day it arrives, it not retail that buy Bitcoin now,
you wouldn't like to hear this, but the one buying assets now are the wealthy, they will likely continue the trend of the rich getting richer
Bitcoin, indeed, is a totally different new currency with all the advantages over the US dollar and it has proven this over the years and I think that bitcoin recognition and trust will continue to boost more and more as the years pass.
Well, I don't know about having faith in bitcoin because wealthy men are buying it, no doubt bitcoin is trustworthy, but I practically don't trust it because of those above people you mentioned, because I can remember way back when Micheal Saylor himself was against bitcoin holders but now he is one of the highest holder of bitcoin. I think these men also see the advantage from my own angle. The difference is just that they are wealthy and haven't you seen the rubbish predictions that most of these wealthy guys do, and I think some of these men even promote altcoin, which is not reliable and if I tend to trust and follow their judgement, I might end up holding some shitcoin that would be of Great benefits to because of their ability to control it's volatility @elonmusk
It is a strategy to rely on your beliefs and decisions on how these wealthy personalities move and believe what they do. IMHO, I've got my own reasons why I am holding Bitcoin and why if I have enough money, I'll continue to buy no matter what the market conditions are. Lucky they are because they've got a wide reach and they're in a business wherein whether they rely on Bitcoin or not, they're already wealthy. For small investors like me, I have my decision that was based on my experience that there's nothing to be feared. How long I have been in the market and how long has this market been in existence? So, with all of those combined reasons and factors why someone shouldn't be afraid, the newbies can also rely on people's experience even not so big and know what the thoughts they have to compare it to themselves if they ever are looking for some encouragement why they need to keep moving on and avoid being scared.
Let me show you why wealthy men like changpeng Zhao(cz), Brian Armstrong, Jed mc Caleb etc can hold billions in Bitcoin without being afraid.
I think we can mention Microstrategy also.The difference is they are holding millions/ billions worth of bitcoins but I guess we are talking about retail investors who mostly invest in thousands at most, losing 20% in a few minutes is not going to be easy for them which is why they are prone to panic selling.
So what should they(small investors) understand is the basics of investment, risk tolerance, compounding effect, and diversification, again its a vast topic that can't be explained in one post but if someone is interested in knowing the secret of being a successful investor then they will learn those things eventually.
For now, if you are a newbie just focus on your long-term financial goals and don't get tempted by short-term trading.
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