Topic: Newbie Don't be afraid of buying Bitcoin (Read 485 times)

I don't know if I have argued with you regarding this, but your statement is correct. The risk was higher before, but Bitcoin investment is not risky compared to how it was back in 2011. Even though it's not risky today, I won't suggest anyone invest all their capital in Bitcoin because we don't know how long we will be in the bear market.

Bitcoin usually gives you profit in the long run, but believe me, not everyone has the patience to wait that long. Most of them will end up selling their shares and blame their mentors after waiting a couple of months or one or two years.

If someone understands Bitcoin on their own, they can invest whatever amount they want, and they won't have anyone to blame

Of course buying bitcoin doesn't have to wait for you to become rich, as you said, we can take advantage of the dca strategy by buying bitcoin every period. Don't regret it like in 2021 because you missed the bitcoin halving, so while the market is still cheap, take wise steps by paying in installments little by little, whether it goes up or down, just wait, because in 2024 there will be a halving of bitcoin. However, you should still have a 50% fiat reserve in case there are unexpected needs and situations that require fiat immediately.

I think investment is not a matter of who will be richer and become very rich. Anyone who has capital can invest, regardless of the amount invested. when the goal is to make a profit, then when it's time to sell and get a profit investors can enjoy it. Whatever profits you get from the allocated capital is not actually a measure of investment success.
In investment I believe, there are those who come with small capital and there are also those who come with large capital. the most important thing is don't be too crazy to do it.

We also have to understand that those who have no knowledge about Bitcoin will certainly feel uncertainties and much more if they have already been boxed by FUDs. It is sometimes to think that Bitcoin is someone's ambition, especially for poor people and I see their finances give them a reason to decline and are afraid to take their chance. But I can say that rich people are already immune to such feelings (afraid), they can afford to take risks as they are not afraid to lose money as well because they believe that Bitcoin is been a promising investment and having profits is very certain to them.

Someone that will have such fear of bitcoin Falling and rising is the people who have not peruse into bitcoin and understand its technology, bitcoin almost people that is billionaires in bitcoin don't use to be afraid of bitcoin, they decided on anything that happened during the process of holding bitcoin for long time, if you are being afraid of bitcoin increasing and bitcoin decreasing I think that you can't invest with bitcoin, its better you leave bitcoin  investment or you invest and forget about the investment, many do forget about bitcoin investment  when they have invested in Bitcoin, so for you to make profit in bitcoin is to invest and forget all about the investment until the time you have in mind, do not be afraid bitcoin because rich people invest more than us and what is their intention of investing more and more, so that is what we should as ourselves.

Almost everyone knows the potential in holding Bitcoin but getting spare money to buy may seems difficult. Most people keep waiting till they get huge money to buy but this huge money may not easily come once. They do forget they can keep buying using DCA and with time they can hold a reasonable amount.

I understand the perception you are coming from but then I have my objections. Saying that CZ understudied bitcoin inclusive of the white paper which made him made a more clear and bold investment is understandable and correct. Also, saying that the likes of CZ discovered bitcoin earlier which is why their returns were very huge is also a correct statement. I am also an advocate of that. I have said and maintained that bitcoin made early investors millionaires and that opportunity is no longer available unless you investment very big capital over the time.

Where I have to disagree with you is the confidence in bitcoin. When CZ made his investment, just a few number of people believed bitcoin, unlike today that many people believe bitcoin. So, the higher risk was in the old and not now.

it is difficult to make the mindset of poor people and the mindset of rich people same, especially since poor people do not have good financial management knowledge, besides that rich people have privileges that poor people do not have, sometimes for someone to become rich, they need a privilege and not everyone is lucky to get that.  I was once in the zone of really having no money, at that time all that came to my mind was getting money to survive, luckily now my finances have improved, and I can slowly invest part of my profits in bitcoin, but regardless of that, investing in bitcoin will never harm you, in fact in the long term it is very profitable.

Investing in bitcoin is not about having afraid or not. I believe that each of us has a cause we are willing to risk our resources for. Not all wealthy men engage in the same activities, even if some wealthy men are doing them publicly. Some wealthy men who are not solely investing in Bitcoin may also take risks with their money in other ventures not in bitcoin. 

Despite how exciting the future may look toward bitcoin, some people cannot risk their fortune on volatile assets like bitcoin since they do not know what the future holds for them. People can only spend their entire budget on things in which they have complete faith, not on what they observe wealthy men doing.

There will be fear when you don't understand what you are trying to invest your hard earned money on, these will be fear if you aren't ready to lose the money you are about to invest in Bitcoin, I don't blame those beginners who are in fear, they might understand what Bitcoin is but not in a good shape to invest in Bitcoin, Bitcoin is great but choose to invest while you can, some people are ready to take the risks while some aren't ready, this is normal.

If you are not ready do not force yourself, just because someone sold his car or house to buy Bitcoin doesn't mean you should do the same, measure the risk you can take before taking the step because there are still risks involved in Bitcoin investment.

I risked it all to get to where I am today, both money and time but I won't advise anyone to do the same unless you are prepared for the losses, first try to understand yourself, do not walk in others' shadows, get a job if you want to invest money in risky assets the easy way, think about how you will survive during this bear market and still be able to invest without hurting yourself.

These are exceptional things and the ratio of success is not high. Yes, I heard that CZ first heard about Bitcoin at a Poker table and then he decided to sell his house to invest in Bitcoin. Which is why his mom still calls him a stupid kid. CZ found Bitcoin in its early days and he has learned these things. He read the whole whitepaper a couple of times to understand how Bitcoin works before he invests. How many of us read the whole whitepaper of Bitcoin?

He has Bitcoin to invest, but what have we got now? Surely we don't want to invest in anything that we do not understand well. There won't be 2nd bitcoin. Bitcoin is still here to invest, but we are not in the beginning. We know it will grow in the long run. But no one should invest an amount that they cannot afford to lose.

If you have read or listen to CZ's documentary about his bitcoin journey, you will understand that CZ actually risked all more than he could afford to lose. I mean he defiled the rule of investing what you are able to lose. He was actually called so many names by friends and relatives when the market went against him but the market eventually went his way and he made millions of dollars through bitcoin. Today, many people see him as an opportunist instead of seeing him as a great risk taker.
If you want a different result, stop doing conventional things. Do things out of the box and if it goes wrong, be ready to accept the consequences.

I don't know, but reading this part give me a chilling effect. I mean some kind of a different feeling. Kind of weird TBH, but can I say then that I'm wealthy since I'm buying assets then?

In general, emotions are a hindrance towards your better decisions. Letting your emotion decide means trouble, and lost opportunities. You might see an opportunity to buy Bitcoin at below $20,000, but you choose not to because your afraid. Now you lost the opportunity to double your money in just a few months. Being afraid will not benefit you. Risking some of your money sometimes is good especially if you believe that it's a good investment. Bitcoin is a good long term investment, and many think it is. Risking a few dollars investing into it isn't a bad idea. Why letting your feat of losing money get you?

There’s no point of bitcoin investing if you are afraid to buy bitcoin in the first place. Bitcoin is a secured and long term investment, so if you plan to accumulate more bitcoin, then buy bitcoin when the price is low or through DCA, but never resort into thinking that you should fear buying bitcoin because if it’s highly volatile price. Know that it’s volatility is the reason why these people get successful profits from bitcoin. If there’s no volatility, then expect that bitcoin price will never increase and surge high, instead it will only stay at its fixed and boring price.

Although you might be saying it based on your experience, I think it's very rare for a poor person to take out a loan just to carry on an investment. A poor gambler is very ready to take just a small loan in order to gamble, but the poor person will never take a loan to invest. The rich man can take a loan and invest in what they know will earn them more profit, although they have a better chance of repaying the loan because they have other sources of income. But the poor man will not want to risk the little one he manages to earn as a salary or any work they are doing. They will also not want to take a loan and risk it on an investment that they are not very certain about. I think it's a normal thing. It only takes a well-disciplined and educated person to be able to make some good financial decisions that can help them grow financially. There are a few people who are procrastinating investing in Bitcoin. Although these are not very rich people, they have little to invest. I feel the problem they have is that they are still sceptical about it, and that's the problem most poor people face; they are so sceptical and scared to invest.

Some newbies are not afraid of losing money because the person who introduced them to bitcoin investment advised them about the risks and that it was the best alternative, Some newbies are scared if they have no idea on investment, when the price of bitcoin is falling that is the right time to invest because the price will definitely rise again, if you want to make money you must risk because that is what I believe on if you didn't risk no reward for you, many people are scared to invest because of losing money and most risk your money if you want to be and bitcoin investors, you can't just be getting profit without losing it can be possible because one day you will lose but since bitcoin is volatile the price will increase and you will get your loses back if you leave your bitcoin investment for long term.

Honestly, at first glance these are words that are true. As long as it's Bitcoin, we don't need to worry about buying and then investing it for short term or long term. Because Bitcoin's value and capital cap are truly extraordinary. Confidence in this first crypto is very high and it will definitely have a good future in the next bullish era. So, believe me, Bitcoin will definitely always be worth it.

But on the other hand, that doesn't mean that we immediately feel that it's easy and trusting. Because, there are several other things that must be ensured when investing in Bitcoin, especially those related to the trust and security system in which we invest. Don't just buy from a platform that promises a large APY, but the platform is not reputable, and we could even lose our assets. That's why, buy a trusted platform so that we can buy more safely (although no one can guarantee 100% safety in the digital world).

If I could guess well, the one that's assumed to have the possibility of going to zero is the dollar, and the one that can never go back to zero is bitcoin. Well, I'm a lover of bitcoin, and I'm also an economist. Bitcoin has a good purchasing power, and that has been increasing over the years as it has been gaining value more often as its popularity and adoption continue to spread.
 
I believe the dollar will never be equal to zero based on my own beliefs; it's just a reality that I have conceived in my mind. This is because the dollar is a country's local currency, which means they use it for their daily exchange of goods and services; they are being paid to others as salaries, and the same currency is being used to make payments for things we need to satisfy our needs and wants, so providing that the dollar use will still continue even if there has been dedollarization, which will make many nations not to use it again, the value remained attached to it.

Well from the much we’ve observed, Bitcoin seems to define a dip at every bear market and somehow, the dip is maintained through the next bear market and by that I mean; come the bullrun and yet another bear market, the dip isn’t broken.
Now, the dip is around $17k and I don’t see that being broken even in the next bear market but, still, this isn’t a yardstick for measurement neither is anyone billionaire having there billions in Bitcoin a yardstick or reason why you should too.

That was how a lot of users trooped in and quickly trooped out because of Musk.

I expect users to find their own genuine reason for believing and making Bitcoin investments. It’s solely your decision but, I can say Bitcoin is the safest coin out there.

Rich people can easily afford to lose their money on their investments that’s why reinvesting again is not an issue. But for poor people, once they lose their capital, it’s certainly a heartbreaking loss for them because aside that they mostly lack money, some are just even borrowing their capital just to invest. So I can’t blame these poor people if they tend to be scared investing in bitcoin again, not because they don’t understand bitcoin, but because their money is just limited and when they lose them, they have no money left anymore. That’s why most of them are even tempted to invest for quick profits until they end up seeing theirselves being scammed.

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.

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.

You’re right. People invest not only because they are capable to do it, but because they have faith in their investments, because they fully understand the risks and trust its high potentials. And it’s sad to say that most of them are those that have stable funds, and get even more financial security when they start reaping their profits. While those poor individuals who aim to get financial freedom in the future have chose to be hesitant when it comes investing in bitcoin, not because they lack funds, but because they don’t understand and trust bitcoin in its process.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

No don't let us makeba conclusion yet on this until that time comes, but for now, let's embrace the offer we have which is the use of both altogether till when bitcoin becomes the only most recognized and acceptable currency of payment, if we are to consider the present demand and use of money in today's economy, both the digital form and fiat traditional currencies are both valid and existed altogether, but very soon, there will soon be a financial revolution that will emerge whereby all that the people will ever want is the use of digital currency for making payments and exchanges of good and services.

Am very well afraid to buy Bitcoin as it is, because the price has rocketed to what I can not easily afford with family pressure and other bills to pay.
Still I consider BTC as a most valuable investment because of its vision and position in the crypto market.

I have been advised to invest still in BTC and trade if possibly so as I can gain financial freedom, but the commitment is what seems hard and though I plan to do so currently, I am still in doubt as to which strategy of investment will suit me best.

It's a lot different when rich people invest than the poor ones taking an investment. Of course, those rich men have always bigger opportunities to buy bitcoin and expect huge profits as well. While these low income individuals will have to hesitate buying bitcoin because once their investment lose, that means their finances will end up struggling. But one thing is certain, no one is rich or poor when it comes to investment. Everyone ends losing and gaining, but there's always a great advantage if you have a smart and knowledgeable mind that makes you see the real potentials and value of a certain investment.

I really don't know if we shall see this day as much as we want it to happen ,and I understand the de-dollarization could be coming from pressure of BRICS,inflation and printing of money which rides on debt but I think the central bank will always find ways to rescue the currency to avoid going to zero.

These are crypto linked people and they will support what feeds them and where they find their financial security because had they moved their money to fiat it will be easy for the authorities to freeze his money if found guilty for something.

 
Before the system breaks these guys could be about spreading their risk and someone paid to help protect their wealth could have suggested crypto as the best option at the moment.

You or anyone can take the initiative, you don't have to have so much wealth as those men before investing. One thing I believe is that those men in their financial prime started small with risk taking to get to where they are and if they are investing so much millions into bitcoin then the risk is not something new to them for all they see is opportunity and  that is what some of us are not seeing and that's why we are afraid to start with the small with can in investing in bitcoin.

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.

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.

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.

The most interesting part of bitcoins is it's value, though the market is volatile, however, it is practically impossible to loose all, if you miss the bull run today, it's obvious that you won't miss it next time when you keep your eye on the next bull run.
For every new investor, buying bitcoins is good but keep in mind that the market is volatile. The best moment to balance your emotion in terms of investing is the moment you see the value of your asset depreciating. This is a moment every new investor must expect before learning how to avoid it. The reason why I said that is very clear, without hitting hard side of investment at the starting point, one may loose control if they hit it when they invest much fund.  Investing and experiencing the bear market before experience the bull run help you have a good insight of bitcoins.

It is best to start with the money you can afford to loose to keep your mind at rest. If you are new with no experience, start gradually, no rush  and no greed for profit.

However, they are already wealthy enough. No one invested more than they could afford to lose. Some of them take risks like CZ to build a business, and he is a successful man so far. I am not saying that you should be afraid of investing in Bitcoin, but no one should invest all their money into one thing hoping it will make them rich and the fiat money will be zero at some point. Fiat money is here to stay, and I do not see the US dollar becoming zero anytime soon. If there are no fiats, how will Bitcoin dominate other currencies? We need alt coins to dominate them.

Bitcoin is often traded with the US dollar pair and a number of other trades outside of crypto trading, the US dollar is also the most prominent pair so that currencies such as the US dollar are the best compared to other fiat currencies.

They (the rich people mentioned) are aware that bitcoin can be an investment asset that will not experience a decline in value.
They (rich people) are not afraid of losing billions in bitcoin because bitcoin has full custody — between him and bitcoin. Meanwhile, other assets such as fiat currency savings require the involvement of a third party.

0 is too pessimistic of a prognosis. But the purchasing power of the USD today is 40-50% weaker than what it used to be 30 years ago. If we go back further into the past, we are probably looking at 80 or more percent. At the same time, bitcoin has appreciated tens of thousands of percent since it got listed. Maybe even more, I never looked this up.

Very true. But at the same time, no one needs to follow anyone in numbers. The $50 million they invest can be the $50 you invest if that's all you can afford or are willing to invest.

Rich people like Changpeng Zhao(cz), Brian Armstrong, Jed Mc Caleb etc dare to store large amounts of Bitcoin because they already know Bitcoin more than other people think. Their knowledge of the uses of Bitcoin has placed them among several other individuals who hold large amounts of Bitcoin.
Logically, if these rich people dare to save large amounts of money in the form of Bitcoin, why are we still hesitant about holding Bitcoin? The risk is definitely there, especially since the price of Bitcoin is very volatile. But sufficient knowledge about Cryptocurrency investment will shape investors to be patient when under pressure.

Anybody that doesn’t have fear of a thing they invested definitely didn’t invested with their money, even if you invest with an amount that yes you can lose, you will still be too optimistic of gaining that even if the lose comes along you get a little bit fear especially if it is your first time in that situation. But one of the major causes of big fear that lead to loses the way you’ve put is when the newbies only have its goal set at just profits probably because of the narrative that brought them to bitcoin that you can be rich in it. And some go off their lane to invest an amount considered to be an higher portion in their saves and then causes the fear. But some with better orientation that bitcoin is volatile and definitely bond to go down wouldn’t be in panic or too surprised when it happens doesn’t.


It is a retro attempt to encourage newbies to invest by OP.

Yes most of these wealthy individuals actual built a long term investment and today they are benefiting from it and base on what OP was trying to say, if these men who are supposed to be conscious of their wealth and have better risk management than some newbies decided to rally or accumulate bitcoin then there must be some sort of potential they see in it that newbies ought to also look at.

Although this people have lots of money that they can spare to invest in just any thing but believe when I say that they have better risk management and their growing portfolio of bitcoin holding should be a high moral imperative to newbies to start investing in bitcoin today but after they do there own fundamental analysis.

Is this an attempt to encourage beginners to invest compulsively?

They didn't get rich overnight, they built it for years with several risks that they had to experience. From that experience, they have much better evaluation and risk management. When another risk comes, they are ready with everything. However, you wouldn't expect that to happen to newbies who doesn't have anything yet.

There should be some fear in newbies, as it is expected that they will do in-depth research before getting involved.

Beginners will usually consider many things before they start buying Bitcoin. If they hear more negative news about Bitcoin, they will not buy Bitcoin and will pass it by.

But if they can get the right information about Bitcoin's future, they will immediately buy Bitcoin. They will start buying Bitcoin regularly and keep the Bitcoin until the target selling price is reached. So it depends on how a beginner can understand Bitcoin and see the future of Bitcoin from Bitcoin's journey.

And to start investing in Bitcoin, they only need to use the money they can afford. Don't buy Bitcoin just because other people invite you, but find out what you can get from Bitcoin so that you will be more enthusiastic about learning and knowing more about Bitcoin.

Some how, when you look up these guys net worth, you see that just one of their asset is worth billions of dollar. They can afford to buy what ever they want, and sometime don't even have record of some of their assets. For such persons, a little shift or bear in the price of Bitcoin won't even glitch their net worth so they have nothing to be scared of. For us, who aren't  the rich guys but are trying to hold the line. the best way to invest in Bitcoin without being scared, is to have a reliable source of income. With this you can afford to buy Bitcoin annually using the DCA or what ever amount you choose to buy, depending on the money available at hand.

No I don't think they have much insight.  these guys sometime knows nothing about Bitcoin, they only have the privilege to hodl more of it because they are stinky rich. It can also boost their social influence, because a lot of people probably loves hearing their names mentioned amongst tops men in the world owning a particular asset. I have heard a lot of stories of how these guys lost their funds to scammers and that's obviously because they lack the fundamental principles of storing Bitcoin or other cryptocurrency they just buy them for fame.


Yes but not totally true. There are others who accumulate Bitcoin annually, but aren't stinky rich. The trend will probably continue because we only hear of these rich guys on social media, bragging about how much they hold of a particular asset. For other low key guys who still buys, you won't probably hear their stories on social because they know the risk involved with exposing your identity when hodling such valuable assetBTC

These men you mentioned above invested in Bitcoin because they are wealthy and can do without the Bitcoin investment to survive,  and they also have a clear understanding of how Bitcoin works and they know that their money can never go to zero if they invest in Bitcoin. Some rich men don't invest in Bitcoin because they have no idea how Bitcoin works but they make their investments elsewhere and still make money. If newbies should buy Bitcoin because rich men like CZ are buying it they we be forced to sell their Bitcoin when they are in need to solve their problems. Newbies should invest in Bitcoin when they understand the fundamentals of Bitcoin and have other means of survival so that they will not sell their Bitcoin when there is a price drop or when they need money.

Two charts to support your discussion
Satoshi per dollar
Bitcoin vs Fiat currencies

The purchasing power of fiat currencies including the US. dollar decrease with time while the purchasing power of Bitcoin increases with time, it's fact.

However, if saying investing in Bitcoin will help everyone get rich, it's kind of forgetting about risk. Bitcoin is still a risky investment asset and invest in it mean take risk. I believe in Bitcoin but I don't think there is no risk for Bitcoin investment.

Never mind CZ, Brian Armstrong, and other crypto businessmen, they're expected to have Bitcoin because they're right in the center of the game. But there's this argument I've stumbled upon quite a long time ago that since even the traditional financial giants, or gurus if you may, like Ray Dalio, Paul Tudor Jones, Larry Fink, George Soros, and others have seen some potentials in Bitcoin, there must be something in Bitcoin. If even these brilliant financial institutions see something in Bitcoin, why can't you? If even they are convinced of Bitcoin in one way or another, why aren't you? Are you wiser than them?

There must be some truth in it, but it must be a lot better if you're convinced of the soundness of Bitcoin yourself, and that you're getting into it not because these old men are into it but because you've seen for yourself that Bitcoin indeed has a future. These individuals aren't infallible. You also need to consider that these rich people have some millions to spare in whatever they think has certain potentials. They have the luxury to take risks or perhaps even some trial and error.

I don't think so because it is generic information that is of little use and can even lead to confusion. I hope no one takes it literally. Let's see.


Agreed. But it will be many years before the dollar reaches 0, if it ever does.


These people have more than enough of their basic needs covered and can afford a very high level of consumption, investing the rest. Their case is very different from the beginner approaching this section.


That is nonsense. There are also plenty of times when the stock market goes up and bitcoin goes down. Short-term volatility tells us nothing.


This is generally true, but for a newbie starting out, if they have few resources, they should first try to increase their income, then have savings in fiat and from there they can start buying bitcoin. It is a typical mistake for a newbie who has nothing, who with a lot of effort can buy $50 a month, and then has to sell because he has nothing else and may be forced to do so when the price has fallen.

I say as a newbie if I had a lot of money I would have bought Bitcoin because I know there is less chance of loss it is a permanent investment and permanent investment does not have loss I see that they are all in a very good position now, and I also dream of creating life through dreams among them.Comparing bitcoin to dollar is not because bitcoin is one kind of process dollar is different process you are saying that now the rich will continue to advance because those who have invested are not afraid and will continue to do so.Those who are rich in dollars will be rich in front of two cases. It is normal because the newcomers are a little afraid of whether there are new hadith, but I think that the current market system Or the stability of Bitcoin. It seems that we should buy the currency with whatever we have. In the future, I will certainly buy and hold according to my ability. Those who do not buy now will lag behind They will ask why I didn't buy it. Experienced people who are buying it will bring benefits in the future.You are right that people who are buying wealth now will be rich in the future.

Take note they're wealthy men.
So invest what you can afford.

If you have an amount that you can afford to wait to make a profit why not you were afraid?
People who understand the Bitcoin concept will surely not hesitate to invest in Bitcoin since they know how much potential it has and people you mentioned above they know it.

It's wrong to hold bitcoin because CZ does. The fact they're big doesn't make them smart. Nobody knows what the outcome of bitcoin price would become tomorrow. So, if a person wants to hold bitcoin, they should do that for a personal reason. Not because others do it. These people you mentioned, can wake up and sell their bitcoin. Do you expect those who hold btc because of them to sell too? that's what it'll be. Bitcoin will suffer more loss, if that happens. Bitcoin is a choice. Its risk is not generalized, the effect is different for individual investors. Some doesn't fear price drop, while many others do. Investing huge amount of dollars into bitcoin gives steady profits if the price moves. That's why these guys hold bitcoin. Even if the price adds by $1k their profit will be huge. When it falls they buy more to hit more profits sooner. The rich are into business, they get richer because of their acumen. Bitcoin has become a game for the rich traders and investors. Who may, for now, not have any reason to sell their coins. Just like someone pointed this out, without having extra income hodling bitcoin is like mocking yourself. It's true they're people's mentor and their bitcoin moves influence others to hold. But, personally, I don't have to wait for CZ before I sell my coin. Our lives are different. If selling their bitcoin would save their company from falling, wouldn't they do it? What matters most for A may not for B. They're people who don't hold a single bitcoin, but they are richer than all the names you mentioned. Because bitcoin is not what matters in their life. It could be crude oil that does matter to them or other investments. A person can sell their bitcoin and invest into other business and hit big profits, which can buy them more bitcoins than they had. It's all about planning and maintenance of wealth. Also, remember, hodling bitcoin is like saving volatile money. The hodl thing keeps popping up because we all hope for the best. And bitcoin has proven countless times, that it's highly volatile. It doesn't fail in terms of volatility. So, if a person doesn't have enough to take care of himself. It's wrong to hold bitcoin due to CZ and others are holding it. They can use their bitcoin to settle financial problems. Bitcoin was also created to do that. Not just save.

Buying of bitcoin is mind and the person that does not have fear or shake during the time bitcoin is decreasing as a Newbie is someone who knows about bitcoin, some newbies why they are afraid of buying bitcoin and when they buy bitcoin the price of bitcoin they buy began to fall they will be regretting, it is because they have not know bitcoin and sometimes you should not blame them because bitcoin price will fall and rise and put fear to them because they have not experienced falling and rising of bitcoin price before, even till now some people I know very well don't like to invest in bitcoin when the price is falling

These mean you have mentioned are already wealthy. They are dollar wealthy and Bitcoin wealthy. If I were the one with such amount of wealth. I wouldn't mind buying some more Bitcoins every other day. If Newbies only have more monies that they cannot afford lose, they won't be afraid of invest it.

This is a good topic. If not because of business that you have fiat, holding it is stupidity. If you buy asset, your wealth will grow. Bitcoin is an asset, people buying it makes their wealth to grow as bitcoin has shown since it was created till now.

I think we can mention Microstrategy also.

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.
 
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