Topic: The future with Bitcoin is bright - page 2. (Read 472 times)

You can not trust your own choice but you trust an advice from complete strangers?

You need to gather information about things you want to invest in.  Otherwise you are bound to fail.  Use your free time learning about Bitcoin and see for yourself whether it is worth the investment or not.  We are not predicting future nor can we guarantee anyone that Bitcoin will make you any money.

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Regards,
PrivacyG

Bitcoin has lost most of its value during the ongoing bear market, if you start now you can collect Bitcoin at a discount. For a plan to hoard Bitcoin in the long term, of course it can benefit you, crypto supporters, especially Bitcoin, have given a positive view of Bitcoin in 2023.
As has happened before, after the Bearish phase will begin to reverse the current to the Bullish phase. If we refer to the four-year cycle, the big increase will occur in the second quarter of 2023.

We are here to only give the best advice for you, the rest is only you who will determine the direction of your investment and money management.

I surmise that when you speak of Bitcoin being the "most beneficial cryptocurrency in the world" you are talking not about its revolutionary features but its price, not about the Bitcoin that offers a decentralized monetary system but the Bitcoin as in the coin, the one that you could buy and sell for a profit.

As a newbie who wants to tread this path, it would surely help if you get to know more about the technology than the next direction the price of the coin probably takes. It gives you more reason to believe and HODL. It makes your hand a lot stronger. It will help you survive the most extreme of winters.  

Some educational resources to learn
[General] Bitcoin Wallets - Which, what, why?
Bitcoin information and resources
Learnmeabitcoin.com (beginners guide)

Bitcoin has bright future because of its technology and its pioneer role for the blockchain and cryptocurrency industry. It is very bullish in long term so if you have yet known, I invite you to read the book and the article.
The bullish case for Bitcoin (Amazon)
The bullish case for Bitcoin (on Medium)

as long as you learn how Bitcoin travels from the beginning to the present, I'm sure you will benefit from investing in Bitcoin in the long term. history has shown how incredible the growth of Bitcoin has been to date. but some people don't believe it at this time, of course, because they don't know before investing. many thoughts from beginners to get a profit in a short time by investing in Bitcoin, I hope you don't have such thoughts.
first, learn what will make you profitable with Bitcoin before you invest.

Before you will put your money on bitcoin, understand it first how it will work.
Study the technical and fundamental aspects of bitcoin --once you have learned about it, it is easy for you to understand the movement of bitcoin and to gain profit from it. Investing and holding it for an extended period of time is what most people do which is very common in storing the value not using it as a mode of payment. But you are correct, bitcoin has a bright future.

I think everyone already gave you a good link to read as a starter, but let me just say though that bitcoin investment or trading is a journey, it's a long process and you will learn a lot of strategies and just simply used what's best for you.

Yeah, I will say that buying when the price is cheap just like what we are into right now, the bear market, it's the best time to accumulate. But you also have to be mentally prepared to hold, because it's going to be long and there are times that you might be tempted to sell and take the profit. But the cycle goes like you buy at bear market and then sell at bull run in order to maximized your profits.

From my point of view, Bitcoin is quite affordable now, and those who can afford to invest now will see major profits in the upcoming years. However, the market is standing on a thin line, and it's likely to crash even further throughout 2023. The dollar-cost averaging (DCA) technique is useful in reducing any associated risk in such cases. This forum is generally a decent source of information; however, you'll see plenty of prediction threads in which everyone will be simply expressing their own personal opinion, which is usually not based on any statistics or valid sources, and even if it is, there are no guarantees. To sum up, if you can afford to buy bitcoin, do it little by little and try to hold them till the next bull market.

I know many people will miss this opportunity to invest for the big day when the bull run starts most new people are always considering the pricing going low not knowing that bitcoin is not quick money but for the future, best advertisement. Bitcoin has made so many people rich and many more are still coming up, but in addition, the gateway is already open for people to buy and accumulate as much as they can. The cloud will soon turn dark and it will start raining very soon.

 Buying Bitcoin and hodling it for long time for the bull market to come is always profitable. But as a beginner you may not have much knowledge with the crypto market, while hodling your bitcoin you may experience some bear market, it shouldn't discourage you about your investment  or make you panic, the bear market comes and go. You need to make your own research about bitcoin and the crypto market so that you can make good decisions to be sure if you are prepared to invest.  Don't take a rush to invest,  get some knowledge first.

Welcome to the world of crypto, very happy to have you here. As someone who has been in the crypto world for several years, I have some advice for you that might be able to help you survive and maximize your profits in this market;

- The first thing I did when I entered this world was find out about crypto terms and popular tokens that are worth investing in through CMC.
- Invest in popular coins first, like Bitcoin or Ethereum or BNB.
- Don't be FOMO and invest in coins that you are familiar with. If you want to buy a coin through an ICO, IDO, or pre-sale, make sure you first find out the background of the coin and don't invest too much.
- Don't put your investment in just one type of coin and always use a crypto wallet like Metamask or Safepal to store your coins.
- Crypto is not a place for you to get rich quick, if you still think that way you should stop now. You can earn money on crypto if you really take advantage of the various opportunities that exist, because there are many things that can be used and it will bring you money.
- Increase interaction with the community and socialize more often. It will give you a lot of knowledge and experience.
- Finally, if you want to invest in crypto, you should invest at your own risk. Nobody cares if you lose money here or the value of your assets falls. The bottom line is what you do will be your own responsibility.

I hope you can understand what I said above. Good luck.

Your future will be bright if you take the time to learn all the pros and cons of owning bitcoins. Many people who have acquired only a few inches of knowledge about bitcoin without knowing the whole history of its existence and have invested in it are disappointed today. I am reading that a CNBC survey shows a sharp drop in confidence in bitcoin. But if you look at all the ups and downs of Bitcoin, history shows that, in the long run, it has always regained its good reputation.
Therefore, OP, knowing all the ins and outs of bitcoin as the foundation of your future should be a prerogative.

Yes buying and holding (not hoarding) will beneficial for long term. But dont assume any profits with certainty since you are also taking a huge risk by purchasing a volatile asset that could go up and down. But we all knew that theres no other way for such investment but to go up right?

Most people are easily get scared when they see negative on their portfolio but I say thats normal. Its a part of cycle and must be experience. Theres a lot to know more about bitcoin and youll be happy you did research on it.

If you have to ask that question, then chances are — maybe you don't know enough about bitcoin to invest money in.


* If you like reading articles: https://coindesk.com/learn
* If you like reading books: https://theinternetofmoney.info/
* If you like watching videos: https://www.youtube.com/playlist?list=PLPQwGV1aLnTuN6kdNWlElfr2tzigB9Nnj

Security related:
* https://cryptosec.info
* https://www.lopp.net/bitcoin-information/security.html

If you want to get more technical
* https://github.com/bitcoinbook/bitcoinbook#chapters

Yes, this will help in a big way, but before this can be achieved you will need to first help yourself by learning on how this can exactly be achieved, everything in life start with learning, this is where you will develop your potentials, buying and selling skills, trading patterns, bitcoin storage to use, and the method of your buying in which dollar cost averaging is one of the best means for this, then you will need to have some patience if possible for the next halving to take place whereby the bitcoin price will surge high and you could have every tendencies to make profits from your investment asset after the bullrun, make use of this forum as well as a learning ground, especially the bitcoin discussion board, be active and have a continuous learning pathways here and on the internet.

Holding bitcoin long term will profit you at the end. You have to remove that mindset that you have seen bitcoin change the lives of many people around you and face what can happen that not everybody has been lucky with bitcoin. Many have lost out in their investment in bitcoin because of panic. They sold below the price they bought it because of fear of more crash. To those ones bitcoin will not be seen as something good. Do not be like those ones. Invest and wait for profit to come to you on long term.

1. First thing you need to know is that Bitcoin isn’t a get rich quick scheme. You can lose money buying bitcoin because Bitcoin is volatile.
2. Bitcoin is the most reliable cryptocurrency there is, altcoins can be more profitable in short term but you don’t want to hodl alts for long cause they can crash anytime.
3. If you want to hodl bitcoin for long term, then the best time to buy is when the price is low and weak hands are selling.
4. Use decentralized exchanges/ p2p to make bitcoin purchases.
5. Lastly, do not hodl in centralized exchanges. Where you store your bitcoin is very important since you’re responsible for the safety of your coins. Any wallet you decide to use should have its private keys like we say “Not your keys Not your coins”. Read General] Bitcoin Wallets - Which, what, why?

That the op has seen Bitcoin change the lives of so many people in the world doesn't mean that bitcoin is a quick money scheme that one can invest in and get a quick return. Understanding the volatile nature of Bitcoin will help you to choose the best investment option you need hence you have the crypto knowledge and you have the strategy to pursue your investments.

Just follow the information given to you by @Adbitco I believe you will get the answers you seek and you will make a good choice of investment whether long or short term but don't expect a quick return because Bitcoin investment is not like Ponzi scheme.

It true that Bitcoin has changed the life of so many people who truly believes in it and it still going to change the life of those that are still going to learn about it in distant time.


If you truly want to know more about Bitcoin and crypto in general then you should consider checking out the following threads below.

• Beginners & Help Encyclopedia
• https://en.bitcoin.it/wiki/Main_Page
• YOUR TOTAL BEGINNERS GUIDE TO CRYPTOCURRENCY and BITCOINTALK
• https://www.bitcoin.com/get-started/

These are all I could get for now.

To benefits from bitcoin then you have to start your investment on the long term and I know too well only long term could give you a good profits. But at least if I would advise you, only invest with money your not desperate of using or money you could afford to lose maybe if market went against you although I believe it would surely bounced back but as a newbie the panic over an investment can not be hidden which causes them sell without patient. Therefore it's not too late to buy and hold as the market is still favorable to buy.
All details about bitcoin is fully explained here so please mark out time to read through it.