Topic: No save money inside Bitcoin for short term use because of price dip (Read 621 times)

Even though say this talk don plenty every where about people not to invest in Bitcoin for short term plenty people will not listen but however, it really worth reminding people about the risk involvement of their actions, Bitcoin is a coin that is best appreciated when approach with a long term intention hence it is very wrong if anyone invest in it thinking that it is a quick money making scheme, patient is needed, consistency to enable us increase the size of of our Bitcoin even as we are holding, that is the reason it is always advisable to invest with an amount we are not going to make use of, outside seeing Bitcoin as an investment, it also have so many potentials, it servers as a store of value and so many others.

Indeed, Bitcoin is a long-term investment, but the reason why people go into it in the hope of getting money within three months is because they heard the investment pays, like if you see people that are making money from Bitcoin it looks like they did ritual, so some people don't confirm, they just jump in and they want to make that kind of money that looks like blood money, but it is legit.


So, indeed, before anybody invests in Bitcoin, I advise they talk to somebody that has advanced in Bitcoin, like really have a conversation with them: how long it took them to get their first investment return, what you should know about budget investment, how to position your mindset for the best and worst, basically everything about it, how to hodl, how to trade, especially how to have a strong mind, because Bitcoin investment is not for the faint-hearted.


Especially when the market dips, I see people losing appetite, some people even crying, some getting lost in thoughts because the market dipped, and these are even people that are into the investment; talk more of people that just started, that means they will just faint.
So, before you invest in Bitcoin, I will advise you talk to an experienced Bitcoin trader, like, to guard yourself before you start. It is very profitable, but you have to go with the right mindset and directives, right on time.

The earlier wey newbies understand say volatility na the nature of Bitcoin, the better for them else them go continue to dey mistakes with their investment plan all in the name of volatility. For person to consider Bitcoin as a store of value, you must think of long-term and I done see say that na wetin some investors now understand, that's why dem go rush sell their holdings whenever price drop. I done also notice say why many investors dey panic sale when price drop na because of say dem dey go into Bitcoin investment with too much emotions, to become a Bitcoin investor you must kill your emotions, overlook pressure from the market (volatility) then get patience since Bitcoin investment na for long-term goal. Na true you talk say many newbies no get proper knowledge about Bitcoin before they invest and most of them rush into the market due to influence from the media or desperation to make quick money though Bitcoin, without making proper findings about wetin them dey do, that's why them dey reason short-term instead of the other way round.

First thing every newbie should have in mind is that investing in BTC with little capital and hoping to get much is like a waste of time. You can't expect your $10 to flip to a million in a bull, it will probably give you like $5 or $10 profits but then that's not what we want to call profits. This is reason why you continue accumulating more coins, awaiting the next bull season. This way your profits will be big and you can decide to withdraw it leaving your initial capital. Again, investment should be done with money we don't have much to do with on a long term. It should be money you have already made available for buyung BTC. That because the market is volatile and you might not see your money in the market for a long time maybe I'm the bulls.

This topic is well directed at the newbies because it is assumed that the oldies already have an idea or experience or indepth knowledge of how to make best profit from Bitcoin since it has been successful so far and has achieved more than a mile stone when it comes to the emergence of cryptocurrency and the innovations of web3 , Blockchain and virtual reality projects.

Besides the strict demand for discipline that a DCA strategy would require when an investor aims for close to a decade in wealth accumulation plan through investing in Bitcoin, the lump sum strategy and the hybrid strategy of investment would do, but the bottom line is that, Bitcoin investment is more profitable over a long term accumulation plan.

All you have described are things that should make one not to invest in Bitcoin just yet. If you do not have enough money to solve your basic problems like food, shelter, medicine and others, what are you doing talking about investment? Furthermore, when you borrow money to invest in Bitcoin, what guarantees doe you have that the investment will be able to generate profit to pay back the borrowed money and the interest? Therefore, borrowing should never be an option for anyone willing to invest in Bitcoin neither should you think about investing when you do not have enough money to cover your basic needs and possibly leave some to serve as reserve funds.

Op waiting you dey Yan na truth but the only issue way most newbies have is financial imbalance also not far from FOMO issue too as they may not truly detect the right direction to go if not with a post like this you made, before now I was of poor thinking of selling my holding once I see little increase but with several information encounter here I see my plan as wrong direction to take, that makes me believe that failure of been informed on a particular thing is a failure for not succeeding even when others succeed on that particular thing.

There is no result of short term can be merge or compared with long term venturing into Bitcoin investment required good knowledge about long term holding and also removing the mind of selling off asset or taking profit in short term just as a discussion and many post advise on other sources of income when holding BTC , that is the right thing that can scale through any one who desire the long term hold or else unforeseen circumstances will destroy the plan along the way in my opinion good knowledge is very important and one must not solely depends on the investment made on BTC as only source of sustainability.  So that the long term holding can be actualize as that is true way if making it huge in the BTC system.

My brother, you don talk well, almost all newbies investors believe say once them invest in Bitcoin, them go just grow rich overnight, them no know say Bitcoin investment no dy easy like that, you need to hold for a very long period of time to reap the full dividend of your investment, and as such e no dy encouraging to invest money wey you wan use in a week or monthly time, because due to the volatile nature of Bitcoin, when you wan sell and use the money, the price of Bitcoin fit don drop wetin no nice, and your money go also drop, so at that point,  you will be forced to sell at a loss because you definitely need the money badly, so na very nice update be this wey the op of this thread share with us.

And lastly, the way Bitcoin is structured, if you really want to benefit from it, the best way to go about it is to think of holding for a very long period of time, because short term thinking na for traders and e no go give you better results as long as na Bitcoin investment.

The reason why most persons save for a short term is because they don't have a lot of fund on them,the little the have, they don't want to loose it since it will be disastrous ,also some of them borrowed the money to invest on the short term in other to have extra fund no matter how little that comes out,they can manage it with their lives in other to  meet up their daily expenses and for them not to go bankrupt,for they feel that little drops of water makes a mighty ocean. Long term saving will have to take a very long time before they can access it, though it's more profitable than short term

Many people wey like to invest in bitcoin, like to invest for short term because them want to use the money buy something and dem think say Bitcoin go give dem very huge amount of profit at the short term investment. So me I no dey tell the to invest I short term but long term investment nai I dey tell dem to invest so that the profit sef go big small. And nai make if any newbies want to invest in bitcoin they should know the advantages of short and long term investment so that when they want to start they should know which one to start with.

But best of them all is long term investment because the benefits are more.

Even as a new investor in Bitcoin I won't even think of going for short term investment strategy because during my research I have seen that short term investment in Bitcoin is more risky. High risk and high reward but the reward part doesn't come easy because the investor stand a chance of losing both the profit and capital in the twinkle of an eye and except other coins, investing in Bitcoin should always be in a long term investment plan for better benefits, I adopted DCA the moment I made up my mind to invest in Bitcoin and it has been working for me.

Bitcoin has become one of the best digital investment due to the fact that it doesn't require technical investment techniques if not for accumulation techniques such as the Dca that's practically endorsed for newbie investors who can't afford to buy the satisfied amount of bitcoin to their assets at a higher price probably due to lack of fun to buy once and for all.
The basic fact newbies need to understand is that the market can't be controlled by emotional sentiments neither expected to actualize a quick goal but as a digital investment that grants your assets safe and maintaining potential increase of values despites its volatility unlike other cryptocurrencies or related digital trading that its volatility is extremely high with potential values to total lost. Perhaps, bitcoin isn't an investment technology for the greeds and impatient because investors could be panic to sell at lost due FOMO to a situation of market Dips but if patient and holds longer, definitely would sell at great profits because after a bear come the bull market events.

Bitcoin is one of the trusted and popular cryptocurrency among the best virtual currencies to invest in. Newbies have very little idea about investment for which they can't wait long to invest in Bitcoin and also can't follow their investment plan properly. Moreover, a new investor needs to know the market well in advance and have some knowledge about when the market volatility works. DCA should be adopted to invest in Bitcoin, but it is an easy way for an investor and here it helps him to reduce the risk. Moreover, one should not think of short term profit by investing in bitcoin, but it is best to wait for long term and hold till bitcoin market ATH. So I think if a new investor follows your advice and invests then he will surely get good profit from Bitcoin.

We need understand say the reason why dey they answer crypto Newbie nah because say them no know anything about Bitcoin, even if say them know maybe nah just few and out of misconceptions them no know the kind of money wey them supposed to use but Bitcoin because them no get better OT.
Many of these crypto newbie nah from social media them they get their Intel  from, and me and you know say many pipo for social media just need crowd for their social media pages, so many of them no really care if the informations them dey share good or not.
E dey important to invest with the money wey we no need use for over 12 months because if we talk about only 6 months holding e fit not yield any good profits by then.

Any newbie wey go invest for bitcoin and he or she no understand am before investing na their problem because everything needs to be known and understand before taking any decision to invest, make any newbie no go think say because bitcoin they bring profit go invest money wey him go use chop invest in bitcoin because in the end you fit surprise with the result wey you no go like, bitcoin na better invest but e get as e be and everyone need to study am very well before investing in it.

I no mean say make anybody no invest in bitcoin oh, what I’m trying to say is that make sure say you don understand waiting you wan go chook hand for make you no go Dey spoil bitcoin name for outside because say e no favor you, make sure say you Dey capable of investing and as a newbie to start investing I will advise you to invest any amount wey you fit hold for a long time to avoid things wey no go good for you, just make sure say you know much about bitcoin before you carry your two hands go invest.

I buy your idea real good and I've learned my lesson in this regard with the market reality. It is better for investors to know the kind of investment plan they are going for and the actual investment goal they are trying to achieve with it. Many would say they want to HODL but in reality, it's the short-term investment they have nerve/mind for. This is when you see them panic when Bitcoin moves extremely lower, while some will even divest their asset at a disadvantaged price just because they fear it might go down further.

This is the price they will always pay for lack of preparation, which is why I have come across my 3 styles of investing in Bitcoin as shown below, even as I earmark different investment funds for each of them;

1. I have a portion to HODLing and come what may, I will not divest for at least 2 bullish cycles (8 years). After that, I will know my fate and further decide whether to continue HODLing or divest.

2. I have a portion for a long-term investment plan that will not be as long as HODLing. In this, I may divest when this present bull run is over, or when I see an undeniable bearish reversal that may take several months or a year(s).

3. I have a portion in which I will continue to outsmart Bitcoin. In this portion, I continue to invest, divest and reinvest depending on the market condition on the chart. And so far, this approach is earning more for me than the first two.

Na good advise be this op, because there is no way u can put money in BTC business, and u will not like to invest again in BTC wen d price fall down in d market because d profit will punish u to invest in BTC and hope for another profit in d future.

BTC is unpredictable till now, because nobody will give d newbie accurate time d price of BTC will hit d market running, which is d major thing that is making people to like BTC business because is not control by d government, and it will never going to be control by d government which is d sacrifice d founder of BTC made for d users in d world. Going for long hodling with BTC, it will help newbies to no why old BTC users prefer to hodl their BTC for long before dey can sell to accumulate profit, because d more dey hodl BTC for long d more it give them d opportunity to accumulate profit.

Wetin dey necessary for both newbies and experts na to take profits when you dey in gain, every profit matters a lot even if e small or big depending on your capital cos no body know wetin fit happen for the market tomorrow. If the price of Bitcoin go dip and you dey in loss, na there newbies dey fear go sell in loss but expert go either accumulate more or wait patiently to rise back.

Wetin people especially newbies no know be say, Bitcoin dey take time to give you wetin you want, the ecosystem no be where you come wan collect profit sharp sharp, if you asap gain then you learn technical analysis to be a daily trader or you go into forex, crypto na game of patience if you no know.

Na better thing you talk so, e good as the Op they advise the newbies so they cannot experience waiting some us pass through trading for here. Any newbie who want to invest in Bitcoin should do it for a long time and this advise is for the newbies wey get patient to hold because as Bitcoin they no be everybody get mind to dey hodl for the future. My advise for newbies that wish to invest in Bitcoin for a long term, is that If they hold Bitcoin and watch the price continuing to fall, they must not panic since the price will still increase, however, make them no afraid and sell the coin they are holding, at the proper time they will make a huge profit.

If some of us begin they tell the amount wey we don lose for short time trading, some of us for don become rich but based on say we no get anybody to guide us from the beginning that we should not invest for the short it is quite risk. But them no dey teach person twice, we have learned our lessons, we hold for the future.

Di majority of people wey de invest in Bitcoin on di short term na newbies, unto say dem think say na only pump price de go, dem no know say we de experience massive dump for Bitcoin. Experienced person for Bitcoin wey de invest for short term na wen di price de continuously pump and during bull run, dem fit to try am because probability dey say di price go still de increase. Bitcoin de volatile and di price movement fit to change at anytime from pump to dump so di investment on the short term wey plenty profit never enter de risky.