Can't help much because whoever is entering Bitcoin now is not because of its decentralisation like people used to choose Bitcoin back in the days to ensure there is no third parties involved during payment transfer and cross border payment but since Bitcoin has been utilised more for return on investment the crowd which enter Bitcoin will also be only thinking of profit and losses instead of the technology and we will obviously have people complaining about Bitcoin wherein it's their failure of short term mindset.
Just one advice if you are not ready to hodl for 3-4 years then don't go for Bitcoin it's not for you.
Topic: Newbies take bitcoin as long term Choice to get the best out of bitcoin - page 4. (Read 652 times)
March 29, 2024, 09:51:54 AM
March 29, 2024, 09:38:43 AM
That's right, OP. And this is precisely why you are there, those people who understand the risks of investing in Bitcoin, to warn beginners and interested people that they may lose everything instead of the expected profit. I prefer to immediately cool the ardor of my friends who, seeing how Bitcoin is growing and hearing how some people were able to increase their capital, tell them about the pitfalls that they may encounter.
By praising Bitcoin and telling only the positives, we become unwitting instigators of unprepared people for future collapses.
But those beginners who act on their own, without reading or listening to those who warn them to be more attentive to all aspects of storage, deadlines, and knowledge in general, will simply receive life lessons until they grow wiser.
By praising Bitcoin and telling only the positives, we become unwitting instigators of unprepared people for future collapses.
But those beginners who act on their own, without reading or listening to those who warn them to be more attentive to all aspects of storage, deadlines, and knowledge in general, will simply receive life lessons until they grow wiser.
March 28, 2024, 06:47:59 PM
~Snip~
Bitcoin is not for those who take loans and purchase Bitcoin so they may get profits and repay the loans + interests and also keep some extra profits. It's for those people who have their own money that they invest in it and hold it for long term. The ones who want quick buck with Bitcoin often end up losing both money and hope and that's why they say that there's no profits in Bitcoin or it's scam, blah, blah, blah. If the understand the market of the Bitcoin and get a sense that how it works then they will only invest in it if they want to earn steady long-term profits.
March 28, 2024, 05:33:25 PM
One of the things that makes most newbie investors think this way is the kind of orientation that most of them have had since their first time with bitcoin. They have the impression that once you invest in bitcoin, you are sure of getting rich, but they don't know it's not something that is being done in a short time.
Another thing is that most people don't get proper information on how things work with bitcoin. They read a lot of success stories from those who have invested in bitcoin in the early stages and are not rich, flashing their luxury everywhere online, which is one of the reasons why most people choose to invest in bitcoin so that they can also enjoy such luxury, but they fail to study the time frame it took them to arrive there.
Majority of these newbies enter bitcoin investment thinking that it could be a get rich quick scheme. Probably because of those crypto influencers found in the social media where all they did is flexing their profits while continue to hide their real amount of losses. Not realizing that it will make them endure more losses at first before they will come to maximize their profits.Another thing is that most people don't get proper information on how things work with bitcoin. They read a lot of success stories from those who have invested in bitcoin in the early stages and are not rich, flashing their luxury everywhere online, which is one of the reasons why most people choose to invest in bitcoin so that they can also enjoy such luxury, but they fail to study the time frame it took them to arrive there.
If this will be the mindset of a newbie, he will definitely end up losing with bitcoin. But if he gets the right information about bitcoin from the start, hence he will be more cautious in his investment and chose long term hodling than short term profiting.
March 28, 2024, 04:59:16 PM
Bitcoin is never an easy investment, but full of flaws and risks and if you are not wise enough, you will only maximize your losses if you continue to invest in bitcoin blindly. However, if you chose to invest in it for long term, there’s always bigger chances to lessen the risk of losing, as long as you never get tempted to sell at a lower price everytime the market crash or there’s a price correction happening in the market. Patience is certainly the key, and the more you become patient with your long term investment, the bigger the amount of profits you will reap in the future once you decide to sell your coins.
March 28, 2024, 04:57:03 PM
Usually I hardly encourage newbies investing in bitcoin when I noticed that their mindset is for short term profits, because anyone with this mentality could hardly make a good investment since their attention is being centered on a short term investment instead of having long term thinking to know what the future could give them. There are some exceptional case where they are lucky enough to invest after bitcoin halving , all of the sudden the market boom to new ATH with this the can make profits as they desired if they aren't that greedy to hold till prices goes to millions dollars per bitcoin, even if they don't think of holding for long term but with that smartness the would cashed out something good from their investment than jumping into market when the price has changed in direction and prices.
March 28, 2024, 04:45:14 PM
One of the things that makes most newbie investors think this way is the kind of orientation that most of them have had since their first time with bitcoin. They have the impression that once you invest in bitcoin, you are sure of getting rich, but they don't know it's not something that is being done in a short time.
Another thing is that most people don't get proper information on how things work with bitcoin. They read a lot of success stories from those who have invested in bitcoin in the early stages and are not rich, flashing their luxury everywhere online, which is one of the reasons why most people choose to invest in bitcoin so that they can also enjoy such luxury, but they fail to study the time frame it took them to arrive there.
Another thing is that most people don't get proper information on how things work with bitcoin. They read a lot of success stories from those who have invested in bitcoin in the early stages and are not rich, flashing their luxury everywhere online, which is one of the reasons why most people choose to invest in bitcoin so that they can also enjoy such luxury, but they fail to study the time frame it took them to arrive there.
March 28, 2024, 04:41:32 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.
March 28, 2024, 04:34:25 PM
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.
I know thinking of becoming millionaires quickly after investing in bitcoin is bad but to be frank another who has this idea but also is searching for knowledge and information about Bitcoin and ends here is on the right track because they will be enlighten of their misconception.While many of us may not be in such category, in thinking bitcoin is not a get rich quickly scheme but to be frank the knowledge of bitcoin we were having before becoming a member of this forum were false and I'm in such category and will continue to thank God of this forum. No matter the knowledge of Bitcoin you are looking for in regard to economic, investment, technical aspects and others joining this forum has already solved it, what's left for you it to learn to become enlighten of the truth
March 28, 2024, 04:19:21 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.
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.
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