Topic: Newbies take bitcoin as long term Choice to get the best out of bitcoin - page 3. (Read 661 times)
April 01, 2024, 01:22:23 PM
I see no reason why a newbie should consider the use of altcoins for a start when they haven't known about bitcoin and invested, things like this happens and it includes part of the reasons why they will always get scammed on shitcoins, bitcoin should be the only investment we should start with as a newbie and if possible maintain that for life if we really wan to avoid higher risk in other coins, we may not know which ones is shitcoin or not.
April 01, 2024, 10:59:58 AM
Newbies take bitcoin as long term Choice to get the best out of bitcoin.
They/beginners should think long and hard, investing should not require us to borrow, if they know that Bitcoin's development cycle changes every four years, generally known as halving and ATH, it is long term in nature, not to make millions in a matter of one day and one night.But if they are thinking about investing in Bitcoin actually, that is a positive thing but it must be done in the long term, and that is not done with borrowed money, it is very good if done with personal money little by little, for example, they did it within three years after the halving occurred, maybe at that time Bitcoin was going down and they could think about the next phenomenon in the future.
Borrowing and investing in Bitcoin, hoping to get rich overnight is wrong, investment needs a process to produce good results, not like turning the palm of the hand.
April 01, 2024, 09:58:55 AM
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Some newbies locate this forum as soon as they make they first investment into bitcoin, and searching for knowledge and information on they investment, but the original intention is for bitcoin to make them a millionairs in the next day after investment, this is the reason why some of them borrow money to invest in bitcoin or using money that they need to solve real life problems to invest in bitcoin with the aim to make profits in short term.
If you have the above mindset as a newbie investor then you should know that your are on a long ride of being disappointed, because no one know what the outcome will be for bitcoin in terms of bitcoin value in the next minute, that is the reason one need to hold bitcoin with the knowledge of long term in view, to stabilise and build you and your investment up with time, before achieving the true financial freedom.
The wrong method will result in disappointment. They immediately look for places to gain knowledge after making their first investment, such as joining the Bitcointalk forum. In fact, they should change their mindset by finding forums first, then increasing their knowledge of how to invest and finding ways to manage risk before investing. Most of them assume Bitcoin is a get-rich-quick investment, this understanding is very contrary to the law of investment where there are always two possibilities there.Some newbies locate this forum as soon as they make they first investment into bitcoin, and searching for knowledge and information on they investment, but the original intention is for bitcoin to make them a millionairs in the next day after investment, this is the reason why some of them borrow money to invest in bitcoin or using money that they need to solve real life problems to invest in bitcoin with the aim to make profits in short term.
If you have the above mindset as a newbie investor then you should know that your are on a long ride of being disappointed, because no one know what the outcome will be for bitcoin in terms of bitcoin value in the next minute, that is the reason one need to hold bitcoin with the knowledge of long term in view, to stabilise and build you and your investment up with time, before achieving the true financial freedom.
Due to limited knowledge, they dare to use borrowed money to invest, they forget that there are big risks they will face in investing when using borrowed money. They must put knowledge about investment first with all the risks that might occur before making an investment, there is no guarantee of making a profit in the short term because no one knows what will happen to Bitcoin after they make an investment.
Using cold money is much safer than using borrowed money, they can be a little calmer if the value of Bitcoin suddenly is not as expected and then can change investment plans for the long term.
March 31, 2024, 06:50:07 PM
Now that I have been in this area for so long, I consider I have been here for long enough to consider myself pretty mature investment wise.
In my opinion. Looking at Bitcoin for short term profit either comes out of some sort of immaturity or despair. Either you really need money very quickly and your only hope is luck hitting you hard or you simply think you have the chance to be that 0.1 percent who wins the luck game but do not desperately need it necessarily.
I would be more afraid about Newbies investing in Altcoins than Newbies taking even borrowed money to put into Bitcoin though. Altcoins will mess your life up. Bitcoin has at least proved to be an insanely good investment over the years, long as you hold even through tougher times.
We have passed through tougher times and we must stay strong enough to absorb all the pressure coming in the system. We shouldn't jeopardize any chance given because the space is mainly run for technical and fundamental analysis. I'm not yet fully experienced but still learning, atleast I can easily spot the tremendous profits and also indulge in thorough research for the purpose to grab the available profits. Newbies should follow a profitable mentor because that's one of the numerous chances of staying longer in the system. In my opinion. Looking at Bitcoin for short term profit either comes out of some sort of immaturity or despair. Either you really need money very quickly and your only hope is luck hitting you hard or you simply think you have the chance to be that 0.1 percent who wins the luck game but do not desperately need it necessarily.
I would be more afraid about Newbies investing in Altcoins than Newbies taking even borrowed money to put into Bitcoin though. Altcoins will mess your life up. Bitcoin has at least proved to be an insanely good investment over the years, long as you hold even through tougher times.
March 31, 2024, 04:25:37 PM
It's true that a lot of newbies / beginners in bitcoin investment are oriented with a quick profit scheme but perhaps when they join this forum it tends to turn out the other way.
I don't really blame a good number of them for having such impression about bitcoin because when you visit YouTube today and you search the word bitcoin, a lot of videos will appear and most are title how to become a millionaire in 2024! And the next learn is invest in bitcoin and you will become a millionaire in few days hence a good number of people came into the forum through all this kind of advertisements. After buying bitcoin the next expectations is for bitcoin to magically turn then into millionaires over night hence when the expectations are not met then they rush to altcoins believing that it will surge high for the expected profit.
I believe that is why the forum is there to reform the ideology of people about bitcoin, that it's not a get rich quick scheme. If only we the newbies will dedicate more time to increase our holdings for long term and hence in less than two cycles of bitcoin we will achieve the goal.
Newbies are often believers of crypto influencers, that’s why it’s hard to establish the real knowledge for them since all they know is that bitcoin is the key to get rich. Although it’s true at some point, but for you to be able to get there, one must acquire maximum amount of knowledge and understanding so that you won’t get easily bothered when your bitcoin investment does not work as planned. Bitcoin creates more opportunities when you chose it to hold for long term, that way the risk is lessen while the chance to be in profits has become bigger.I don't really blame a good number of them for having such impression about bitcoin because when you visit YouTube today and you search the word bitcoin, a lot of videos will appear and most are title how to become a millionaire in 2024! And the next learn is invest in bitcoin and you will become a millionaire in few days hence a good number of people came into the forum through all this kind of advertisements. After buying bitcoin the next expectations is for bitcoin to magically turn then into millionaires over night hence when the expectations are not met then they rush to altcoins believing that it will surge high for the expected profit.
I believe that is why the forum is there to reform the ideology of people about bitcoin, that it's not a get rich quick scheme. If only we the newbies will dedicate more time to increase our holdings for long term and hence in less than two cycles of bitcoin we will achieve the goal.
Bitcoin is less risky and Bitcoin give them the ability to learn all ng the way without being put under undue pressure or risk that can affect their investment.
March 30, 2024, 01:39:47 PM
Now that I have been in this area for so long, I consider I have been here for long enough to consider myself pretty mature investment wise.
In my opinion. Looking at Bitcoin for short term profit either comes out of some sort of immaturity or despair. Either you really need money very quickly and your only hope is luck hitting you hard or you simply think you have the chance to be that 0.1 percent who wins the luck game but do not desperately need it necessarily.
I would be more afraid about Newbies investing in Altcoins than Newbies taking even borrowed money to put into Bitcoin though. Altcoins will mess your life up. Bitcoin has at least proved to be an insanely good investment over the years, long as you hold even through tougher times.
In my opinion. Looking at Bitcoin for short term profit either comes out of some sort of immaturity or despair. Either you really need money very quickly and your only hope is luck hitting you hard or you simply think you have the chance to be that 0.1 percent who wins the luck game but do not desperately need it necessarily.
I would be more afraid about Newbies investing in Altcoins than Newbies taking even borrowed money to put into Bitcoin though. Altcoins will mess your life up. Bitcoin has at least proved to be an insanely good investment over the years, long as you hold even through tougher times.
March 29, 2024, 06:29:48 PM
It's true that a lot of newbies / beginners in bitcoin investment are oriented with a quick profit scheme but perhaps when they join this forum it tends to turn out the other way.
I don't really blame a good number of them for having such impression about bitcoin because when you visit YouTube today and you search the word bitcoin, a lot of videos will appear and most are title how to become a millionaire in 2024! And the next learn is invest in bitcoin and you will become a millionaire in few days hence a good number of people came into the forum through all this kind of advertisements. After buying bitcoin the next expectations is for bitcoin to magically turn then into millionaires over night hence when the expectations are not met then they rush to altcoins believing that it will surge high for the expected profit.
I believe that is why the forum is there to reform the ideology of people about bitcoin, that it's not a get rich quick scheme. If only we the newbies will dedicate more time to increase our holdings for long term and hence in less than two cycles of bitcoin we will achieve the goal.
Newbies are often believers of crypto influencers, that’s why it’s hard to establish the real knowledge for them since all they know is that bitcoin is the key to get rich. Although it’s true at some point, but for you to be able to get there, one must acquire maximum amount of knowledge and understanding so that you won’t get easily bothered when your bitcoin investment does not work as planned. Bitcoin creates more opportunities when you chose it to hold for long term, that way the risk is lessen while the chance to be in profits has become bigger. I don't really blame a good number of them for having such impression about bitcoin because when you visit YouTube today and you search the word bitcoin, a lot of videos will appear and most are title how to become a millionaire in 2024! And the next learn is invest in bitcoin and you will become a millionaire in few days hence a good number of people came into the forum through all this kind of advertisements. After buying bitcoin the next expectations is for bitcoin to magically turn then into millionaires over night hence when the expectations are not met then they rush to altcoins believing that it will surge high for the expected profit.
I believe that is why the forum is there to reform the ideology of people about bitcoin, that it's not a get rich quick scheme. If only we the newbies will dedicate more time to increase our holdings for long term and hence in less than two cycles of bitcoin we will achieve the goal.
March 29, 2024, 04:58:30 PM
I have read alot of comments from newbies complaining how they investment into bitcoin is at a lose or does not give them they desired result of achieving the financial freedom that bitcoin offers based on they short term wrong bitcoin mentality.
Some newbies locate this forum as soon as they make they first investment into bitcoin, and searching for knowledge and information on they investment, but the original intention is for bitcoin to make them a millionairs in the next day after investment, this is the reason why some of them borrow money to invest in bitcoin or using money that they need to solve real life problems to invest in bitcoin with the aim to make profits in short term.
If you have the above mindset as a newbie investor then you should know that your are on a long ride of being disappointed, because no one know what the outcome will be for bitcoin in terms of bitcoin value in the next minute, that is the reason one need to hold bitcoin with the knowledge of long term in view, to stabilise and build you and your investment up with time, before achieving the true financial freedom.
The beginning of your topic is true and I was about to merit your post because it's quite rare to read that here. Except maybe, the words about the forum, since I don't think many people discover this forum right after investing in Bitcoin, forums are not used much anymore nowadays, people prefer social medias instead. But unfortunately the end of the message is wrong. Despite being a common misleading thought, Bitcoin doesn't offer any guarantee of so-called "financial freedom" or fortune in the short, the middle or the long term. Not more than any gambling game could do actually, it hasn't been designed for that, and it's just a personal bet you do at the end. Some newbies locate this forum as soon as they make they first investment into bitcoin, and searching for knowledge and information on they investment, but the original intention is for bitcoin to make them a millionairs in the next day after investment, this is the reason why some of them borrow money to invest in bitcoin or using money that they need to solve real life problems to invest in bitcoin with the aim to make profits in short term.
If you have the above mindset as a newbie investor then you should know that your are on a long ride of being disappointed, because no one know what the outcome will be for bitcoin in terms of bitcoin value in the next minute, that is the reason one need to hold bitcoin with the knowledge of long term in view, to stabilise and build you and your investment up with time, before achieving the true financial freedom.
March 29, 2024, 04:55:44 PM
It's true that a lot of newbies / beginners in bitcoin investment are oriented with a quick profit scheme but perhaps when they join this forum it tends to turn out the other way.
I don't really blame a good number of them for having such impression about bitcoin because when you visit YouTube today and you search the word bitcoin, a lot of videos will appear and most are title how to become a millionaire in 2024! And the next learn is invest in bitcoin and you will become a millionaire in few days hence a good number of people came into the forum through all this kind of advertisements. After buying bitcoin the next expectations is for bitcoin to magically turn then into millionaires over night hence when the expectations are not met then they rush to altcoins believing that it will surge high for the expected profit.
I believe that is why the forum is there to reform the ideology of people about bitcoin, that it's not a get rich quick scheme. If only we the newbies will dedicate more time to increase our holdings for long term and hence in less than two cycles of bitcoin we will achieve the goal.
I don't really blame a good number of them for having such impression about bitcoin because when you visit YouTube today and you search the word bitcoin, a lot of videos will appear and most are title how to become a millionaire in 2024! And the next learn is invest in bitcoin and you will become a millionaire in few days hence a good number of people came into the forum through all this kind of advertisements. After buying bitcoin the next expectations is for bitcoin to magically turn then into millionaires over night hence when the expectations are not met then they rush to altcoins believing that it will surge high for the expected profit.
I believe that is why the forum is there to reform the ideology of people about bitcoin, that it's not a get rich quick scheme. If only we the newbies will dedicate more time to increase our holdings for long term and hence in less than two cycles of bitcoin we will achieve the goal.
March 29, 2024, 04:04:24 PM
I have read alot of comments from newbies complaining how they investment into bitcoin is at a lose or does not give them they desired result of achieving the financial freedom that bitcoin offers based on they short term wrong bitcoin mentality.
Financial freedom can be interpreted differently but Bitcoin might not guarantee high profits that will sustain an individual for a lifetime especially if huge capital is not used to invest. Investing like 1000 dollars might not make someone rich in the next four years. People who have gained financial freedom from Bitcoin are those who bought the coin at a very cheap price and held it till date or those who invested heavily.Quote
If you have the above mindset as a newbie investor then you should know that your are on a long ride of being disappointed, because no one know what the outcome will be for bitcoin in terms of bitcoin value in the next minute, that is the reason one needs to hold bitcoin with the knowledge of long term in view, to stabilise and build you and your investment up with time, before achieving the true financial freedom.
People are moved by predicted profits and most of them don't even consider the requirements and risk involved. This bull season has attracted many ignorant investors to the crypto industry and most of them will end up losing money because of lack of knowledge. 
March 29, 2024, 03:49:55 PM
I have read alot of comments from newbies complaining how they investment into bitcoin is at a lose or does not give them they desired result of achieving the financial freedom that bitcoin offers based on they short term wrong bitcoin mentality.
Most of them are always having wrong orientation about bitcoin investment, they just hear about bitcoin, and they believe they can make massive profits from bitcoin, after most of them join, and they are not getting the profit which they expected, they will end up being disappointed, and some of them will end up investing in wrong platforms which will promise them massive returns within a short period of time without any risk. Before investing in bitcoin, make sure you have proper knowledge about bitcoin before making any investment, newbies should know that bitcoin is not a get rich quick scheme. If you have the above mindset as a newbie investor then you should know that your are on a long ride of being disappointed
Most people that have that kind of mindset always end up falling into the wrong hands, most of them do end up being scammed because of the quick money which they are always looking for, after they are scammed, they will be complaining that bitcoin is a scam, but they should blame themselves because they made wrong investment.because no one know what the outcome will be for bitcoin in terms of bitcoin value in the next minute
Everyone is just making prediction about bitcoin, nobody is sure about the price that bitcoin will be going at a particular period of time, just make sure you have knowledge about bitcoin before investing. 
March 29, 2024, 03:40:04 PM
They should remove that thinking because reaching to that point will also depend on what kind of effort they do and also the amount of capital they start with. What I am disappointed with most of the newbies is that they always complain about being too late in buying BTC and that's why they choose memecoins and other altcoins instead. That's the disadvantage they always point out but if they're serious with it, they will buy it without any complain and I agree that it should be for the long term. They won't feel the essence of holding Bitcoin in the short term when they have bought it also at the peak. But if they will plan out their purchases and DCA, they'd see the huge difference of it that they'd be happy that it is their choice instead of altcoins.
They often complain but when opportunities knock on their door, they become hesitant to take advantage on it because of their fears that their investment will end up as a scam. This kind of mindset is common for newbies. It’s just ironic to say that those who have less or no knowledge about bitcoin have definitely a lot to say while those who have been into bitcoin for quite long remain positive on it.Bitcoin cannot make a person rich overnight, but hey if you work on it without showing signs of quitting but more on positivity, I always think that it will reap you good things in the long run, patience is the key.
March 29, 2024, 03:30:28 PM
One of the best advice you can give to a beginner is to never borrow money to invest in crypto. It is a gamble that they shouldn’t take. Cryptocurrency is a highly volatile market. It is better to use money from other sources like your job or side hustles to buy an affordable amount of bitcoin every week/month. It's easier to hodl when you are not under pressure to repay a loan through profits from your bitcoin investment.
Certainly the best idea to anyone engaging in a volatile market, but will they heed? Most certainly No. The narrative that the newbies are mostly shaped with is that this cryptocurrency of a thing makes riches, Yes! No body is denying that fact but it’s not something that you get from investing just some certain amount in a Short period of time. The set of people that usually share This wrong narrative to newbies is the highly profitable traders who have been in the market for a long term and they tell the newbies this just to have them pay for mentorship. Other set are those shilling airdrops this two combines gives the newbie hope that should they invest a larger amount of money it will double in a period of time and newbies go on to borrow funds also just to realize some certain amount of money and this stops them from holding for a very long term because the initial narrative was a wrong one
March 29, 2024, 12:32:53 PM
One of the best advice you can give to a beginner is to never borrow money to invest in crypto. It is a gamble that they shouldn’t take. Cryptocurrency is a highly volatile market. It is better to use money from other sources like your job or side hustles to buy an affordable amount of bitcoin every week/month. It's easier to hodl when you are not under pressure to repay a loan through profits from your bitcoin investment.
March 29, 2024, 12:19:26 PM
If we really want to be profitable about bitcoin, then we don't have to be too fast about making money from it, anything that is promising making a quick return over a short time could be untrue or scam
Those that have the kind of mindset about getting rich quickly with Bitcoin, they are likely to fall for those scam platforms. But if they want to make money out of it in the short term, they can try to trade. But with that, they're unlikely to make it if they don't even know how to do basic analysis.that is why we can not take bitcoin the same way we see ponzi schemes, we have to be patient and lenient enough in seeing what we have invested reach its maturity stage before we can be taking profits from it, while the longer we are holding, the more likely we appear in making profits in it.
Few years back, many have thought about Bitcoin as a rich quick scheme and they only understand it that you have to invest into a platform for you to get into Bitcoin.But as time matures, many newbies understand more about Bitcoin that it isn't a kind of platform that they'd be rich quickly but it matures as well over time.
March 29, 2024, 12:15:38 PM
Investing in Bitcoin should eventually be for the long term. Newbies who don't know much about Bitcoin, after investing in Bitcoin, when the market goes down a bit, they panic and they stop holding and take a loss. No one knows where the price of Bitcoin will go next, so you must be sure of a stable and long-term investment in Bitcoin, and hold long time without panicking.
Sometimes there have been alot of misconceptions by the newbies a d they need some redirection to be able to position in the right track because alot of them rush into bitcoin without even having the basic understanding of how the market works and what come along with bitcoin investment and how they chose to handle them as we go along with bitcoin and how we invest in it as newbies.The best approach to bitcoin should be long term base as long as you are not a trader and just a holder this is what should determine your level of knowledge building along the line and how you manage yourself through.
March 29, 2024, 11:52:00 AM
Investing in Bitcoin should eventually be for the long term. Newbies who don't know much about Bitcoin, after investing in Bitcoin, when the market goes down a bit, they panic and they stop holding and take a loss. No one knows where the price of Bitcoin will go next, so you must be sure of a stable and long-term investment in Bitcoin, and hold long time without panicking.
March 29, 2024, 11:14:56 AM
I think that's totally their fault it's not the fault of BTC or either trading. When you want to become a doctor you go through almost 6 years of education. Every profession requires the amount of time and hard work that you need to invest in so that you can acquire a certain amount of skills.
Now the case you have mentioned is a result of this negligence that trading is a bit simple and just go for it. Taking profit from BTC short term while you don't have enough to invest and you're a newbie is such a dream that has no relation with reality. If they had acquired good skills they would've known it.
Now the case you have mentioned is a result of this negligence that trading is a bit simple and just go for it. Taking profit from BTC short term while you don't have enough to invest and you're a newbie is such a dream that has no relation with reality. If they had acquired good skills they would've known it.
March 29, 2024, 11:00:53 AM
If we really want to be profitable about bitcoin, then we don't have to be too fast about making money from it, anything that is promising making a quick return over a short time could be untrue or scam, that is why we can not take bitcoin the same way we see ponzi schemes, we have to be patient and lenient enough in seeing what we have invested reach its maturity stage before we can be taking profits from it, while the longer we are holding, the more likely we appear in making profits in it.
March 29, 2024, 10:47:54 AM
Knowledge is very important in anything you want to do in this life because it serves as a guideline to know the wrong side and the right side. If someone wants to do business or invest in anything, if they have good knowledge about what they want to invest in, they will be successful.in cryptocurrency industry if someone want to be successful it really need good knowledge about Bitcoin and cryptocurrency in general, so that it will know that right decisions to take, like the best coins it need to invest in, the types of wallets best for keeping the Bitcoin.
I believe that the newbies that do come to the crypto industry with the aim of becoming millionaires in the short term are a set of people who only follow the information they hear from others without doing any further research on their own. For example, just recently, with Bitcoin pumping, there were many people coming into the crypto industry because they heard that the price of Bitcoin was increasing and some were making profits from it. They also started investing without knowing anything about Bitcoin, but only the profit some people were making. They will never think when those people who are taking profits now start investing in Bitcoin.
I believe that the newbies that do come to the crypto industry with the aim of becoming millionaires in the short term are a set of people who only follow the information they hear from others without doing any further research on their own. For example, just recently, with Bitcoin pumping, there were many people coming into the crypto industry because they heard that the price of Bitcoin was increasing and some were making profits from it. They also started investing without knowing anything about Bitcoin, but only the profit some people were making. They will never think when those people who are taking profits now start investing in Bitcoin.
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