Topic: tips for profitable investment in bitcoin (Read 261 times)

I am sorry to say that your advice is not healthy and shouldn't be followed sheepishly by the newbies. At some point, your advice is contradictory to the standard measures of Bitcoin investment.
You advised the newcomers to always invest in Bitcoin whenever they have money. This advice means that they should invest irrespective of the current price of Bitcoin.

That is not the real advice, the correct advice should be "buy low and sell high." If you have given them the confidence to invest irrespective of the price, why telling them to invest what they are able to lose. We all know that there is every tendency that the market can go against them to a very large extent.

Investing in bitcoin has three stages, namely short, medium and long term investments. If you can buy bitcoins at a low price, like $15k-$17k yesterday, you can sell your bitcoins at the current price or $32k yesterday to make a profit. That is short term.

And if you're planning to sell it for $40k-$70k, maybe that's the medium term. And if you're planning to sell it for over $70k, that means it's long term and it's still a mystery when that will happen.

Investing in bitcoin means you are fully responsible for it, including when you can sell it to take your profit. You won't be able to sell it at a high price if you don't know how and when. Don't listen to other people because they might be wrong and that's why you have to learn more so that your knowledge increases and you know what to do.

One thing for sure that all investment carry a risk and the the last point should be the one point that only invest with you can afford to lose, with data from the past we can sure that bitcoin is always making new record but we can see the future.

Volatility is a monster but you can get a long with that and people who don't like bitcoin will always be there, nothing is perfect there is always people who don't like and yes the noise will still there for long period of time.

You are wrong here, the best strategy for buying Bitcoin long term is the DCA method, rather than (FOMO) buying a lump sum during the bull market. DCA method helps you buy Bitcoins comfortably (with lesser risk) without affecting your overall financial life, you just earn your salary and prolly take out some percentage monthly/weekly/daily to buy Bitcoins, and in a few years it could be worth so much and be profitable during the bull market, lump sum purchases increases the risk involved in your investment.

Having said that, if it were to be altcoins you're buying, then buying them during the actual bull run makes sense because quite a lot of them are pump and dump coins, and you'd not want to gradually accumulate a coin that might not appreciate and prolly doesn't have a future, but certainly Bitcoin is nothing like that and accumulating with DCA early enough is much better.

Yes I agree with you, to be able to gain enormous amount of profits in your Bitcoin investment, someone need to be patient enough and able to hold it for lengthy period of time in to witness one or two bull run.According to the history of Bitcoin, bull run periods always coincide with the halving period, which takes place every four years.

As you noted, timing the market may not be a good idea for long-term investors due to dispersion, but I may say it is crucial for short-term traders because it aids in determining when to mark profits, such as when to purchase when prices are low and when to sell when prices are high.

This is the cause of a large number of new investors giving up on their Bitcoin investments and ultimately selling at a loss.No matter what, you will undoubtedly hear both good and bad news regarding Bitcoin, so turn a deaf ears to the unfavorable ones after you proper research.Be careful whose news you choose to listen to because some people constantly speak negatively about Bitcoin while knowing nothing about it.

Long-term investment will be exactly very worthy, moreover, if we buy the BTC during the bearish and then sell it during the bullish era. In this case, a higher amount of Bitcoin will probably give a higher profit probability. But once more, invest only the amount that you can afford to loose to reduce the risks.

This video relates to how our readiness for the FUD that always spreads by the anti-Bitcoin. They will always make FUD and negative news about Bitcoin, to make us panic and then sell off the coins easily and panicky. Being panic when investing Bitcoin because hearing the opinions or news from anti-Bitcoin will really make non-sense.

It's part of human nature but we should get rid of it. And for us to get rid of it, we need to experience some downfalls in our investing journeys because those will teach us a lot of lessons.

Everyone here has our stories on how we have get rid of it and how we've managed to get up after severe losses of our investments and even that's in Bitcoin.

There have been a lot of people that have invested during the peak and lost their patience and sold in losses.

People are actually greedy when it comes to money making, but if it’s greed that will control your investment, then don’t bother to expect profits from investing. Being greedy is a human nature, but you have to control yourself and win over your greed and emotions if you want to experience consistency in profits. Take advantage if there’s chances to gain profits, otherwise it will be another missed opportunities that you will soon regret and will keep on regretting if you are doing the same mistakes all over again.

Risks are always present in all types of investments so if you want to enter investing, then always be aware of its risks and be ready on how to manage the risks. That is to avoid yourself from maximize losses that you can get from investing unknowingly. Have a regular risk assessment and as much as you can, learn to diversify. That is to improve the profits that you can get from investing.

To  earn more profits from Bitcoin, have a good knowledge and understanding of the market, know when to buy and sell, know the risk involved in the market. Bitcoin market is very volatility so  we should not be advising people to just be throwing money into a highly volatile market. And if you will do long term then a good strategy is to get bitcoin as much as you can during the consolidation phase of bullish season because the probability of making returns is very high unlike if you do DCA method during bear market because in this strategy can incur you losses so better to buy during or before the bullish market.

To get profits from Bitcoin investment, it doesn't have to be long term. There are so many strategies that can be used to invest in Bitcoin and you could still end up profitable with those strategy. If you understand the market very well then you can take full advantage of it. We have people that bought Bitcoin during the 2020 crash and sold at the 2021 top and have made more money than those who have holding Bitcoin for over 12 months. Don't get pressured to following the general advise but do what best works for you. Plan your own investing strategy and use that for your investment. Investing long term is always preferable but not mandatory.

We have those that are trading Bitcoin up and lows and are doing it successfully, you can do that as well unless you don't have time like myself to analyze the market. You can also dollar cost average when investing in Bitcoin and be profitable. Every strategy can lead you to success but it just depends on how you make use of the strategy as if you are doing it wrongly, you won't record success. Bitcoin market is every volatility therefore we should not be advising people to just be throwing money into a highly volatile market.

I don't agree with this because I already saw a lot of people that even when they start to invest they don't need to wait for long term. I think this will depend on your goal because there are some people who want to invest for the short term only and they will decide when they invest to achieve that short-term goal.
So overall, it seems like you just need a perfect timing.

Profit making in cryptocurrency investment and mostly in Bitcoin is been considered successful or profitable base on the strategic plans of your investment, so I believe that if you think long term investment will make you to make a reasonable amount of profit you can venture into long term investment depending your target for the investment, and if you think to invest for short term investment will grants you way to make a huge profit for investment it's your own theory, but us to understand that investment of cryptocurrency and especially bitcoin and you are expecting huge profit it's dependable or been determine by your plans, long term investment is a strong and shortest tips for profit making in any investment.

When making an investment always set a plan and target don't get settled with placing your money and waiting for your profit. If you are getting target with the short term investment for just a month or weeks to.gain profit it's up.to you how you can manage the risk in this volatile market; some people ride for this market volatility to earn, and some. of them use these to make their entry for a long-term investment. Bitcoin shows up the possible.ATH and the lowest price the history repeat themselves and accumulate as you can to get a good outcome after the next halving.

You’re always at its edge if you come to invest in the market by seeking professional advice at first. Know that those who stay in the market for long have certainly gained a lot of knowledge and experience so if you can ask a professional investor to educate and guide you in the first place, that will be a big help for you so you will lessen the risk of losing and increase your chances to become a successful investor. And never fall from the hype with bitcoin investment. Bitcoin is clearly more profitable than any other market investments, but never set your expectations too high as bitcoin is also capable to let you experience life changing losses especially if you only invest because of high greed.

There is no doubt that Bitcoin is a great investment but it may not give you as much profit as other altcoins. Suppose right now Bitcoin is  at $27,500, if it goes to $60,000 then your investment will be doubled. No one knows when it will be $60000. But altcoins have no idea when a zero or two will drop and give you multiple profits in a short period of time.



Sometimes the decrease period is longer. As Bitcoin has been running inside a bear market for over a year and a half, And the price of almost all cryptocurrencies in the entire cryptocurrency market has come down. At such a time, those who know how to hold will be able to make profits in the bull market, Because holding is also a great strategy.

1. Identify first what is your goal? do you want to make money short term or you want to do long term?

2. Once you established your goal, your next step is the strategies that you should do. If you will do long term then a good strategy is to get bitcoin as much as you can during the consolidation phase of bullish season because the probability of making returns is very high unlike if you do DCA method during bear market because in this strategy can incur you losses so better to buy during or before the bullish market. As for shorterm, find a suitable strategy that can help you to enter and exit in the trader very easily where you can tell yourself that this is your niche and executing it is very easy.

3. Fix your mindset, it is not easy to make profit in this industry. You need to work your ass off to become the best investor that you could ever be. Wrong mindset can lead to wrong path where you can burn all of your capital and money.

4. Invest in your knowledge, seek a lot of education. It is up to you if you will do paid course or you will just research in youtube or other sources of information.

5. Execute all of the knowledge that you got, you need confidence wherein you will do it without hesitation. Remember that there is no overnight success so you should expect that there will be losses in your path but to not ever discouraged because it is normal. What's not normal is the people who are being discouraged after they lose just 1 time. Keep your head high, be consistent and trust the process. Tell yourself that everying will gonna work soon.

holding and storing bitcoin for the long term is and will always be the best choice for me. data in hand, those who have invested in btc from the beginning, currently have +8900%, those who have started investing in bit coins 5 years ago we find today with +256%, those who started last year instead find themselves with -18% and those who started 6 months ago today have earned +40%. These data are very important indicators that make it clear that it is true that long-term holding is a safe investment but the entry price must also be taken into account when deciding to invest

Like the first point I made which is to hodl, hodling simply means the amount of bitcoin being purchased must be small and wait for some time till when the price increases to sell. The main target is to buy low and sell in high amount.  I guess I didn't make it clear, thanks for bringing it up.

1. Not all coins are good for holding long term. There are coins that is better to sell and take profit, before it starts losing value. Coins such as meme coins and other hyped coins, all fall in this category.

2. Would agree on this. Better to invest what you can afford to invest.

3. If you know and understand crypto and bitcoin well, you will know that the opinions of the "antibitcoiners" mean nothing.

4. Yeah, you should worry about volatility. Don't invest in extremely volatile currency. There are coins that gets dumped and never recovers. Don't hope that the price will go back up. Better to sell those coins.

5. I guess everyone agrees to this.