What does it take to become a Bitcoin investor - page 2.

Texac

hero member

Activity: 2086

Merit: 513

Vave.com - Crypto Casino

Quote from: Inwestour on May 07, 2023, 06:20:43 AM

Quote from: Texac on May 06, 2023, 08:47:31 PM

after all, it's just a fictional name. when you own bitcoin, you are already an investor, but being an investor does not mean you will get a return on your investment. what is the goal of the investment? It's profit, so making a profit is more important than people calling you a bitcoin investor.

If you just want people to call you a bitcoin investor, then by owning 100 satoshis, you are already a bitcoin investor.

Well, I don't know, it's like saying that you are an investor because you own one share of Coca Cola, but what is the purpose of such an "investment"?

For me, this is not an investment, it's just the first step, an attempt to create something, it's definitely not an investment. I see on the forum they create topics asking if it is possible to start buying bitcoin with $ 30 a month, in fact, you can start buying with any amount, but you will not become an investor from this, it will take too much time to create some kind of more or less significant investment.

I don’t want to name any amount, it will be different for everyone, but in the end you need to be realistic and understand what the investment can lead to if bitcoin reaches, for example, the price of 100k. Therefore, everyone can calculate the prospects for their investments.

if owning bitcoin does not make you an investor, then if someone wants to become a bitcoin investor, what are the necessary and sufficient conditions? can you tell me what is the definition of an investor? and in case OP's friend owns 0.8 BTC, is he not a bitcoin investor?
I also don't want to mention the amount invested because everyone has a different economy, and I think it has nothing to do with being an investor.

S A KHAIR

full member

Activity: 952

Merit: 108

1xBit recovered their reputation

Quote from: Jet Cash on May 06, 2023, 03:56:00 AM

Is he really an investor, or is he just investing in the Bitcoin infrastructure? If you don't own your private keys, then you aren't investing in Bitcoin, but are investing in the exchanges and the EFTs. So many people who are new to bitcoin don't understand the difference.

When your bitcoins are stored on centralized exchanges, you won't have full control over them. But that doesn't mean you don't own it, you can withdraw your bitcoins anytime you want. It's still your bitcoin, so you're still an investor.

LogitechMouse

legendary

Activity: 2576

Merit: 1043

Need A Campaign Manager? | Contact Little_Mouse

Quote from: Edcrypto91 on April 07, 2023, 01:50:51 AM

I have a close friend who recently purchased 0.8 Bitcoins and when we met he was happy and was like " I am now a Bitcoin investor"
At that point I go this question in mind ;what does it really take to become a Bitcoin investor .does it mean that if you own a considerable amount of Bitcoin in your wallet you are now a Bitcoin investor or there is more to it aside having a basic knowledge of crypto currencies

As long as you own Bitcoin, you are already a Bitcoin investor.
I mean why need to complicate it. Isn't the definition of Bitcoin investor is "A person who owns Bitcoin"?

What does it really take to become a Bitcoin investor? Capital. That's all you need so that you can call yourself a Bitcoin investor. It doesn't matter if you own a considerable amount of Bitcoin, or a small amount of Bitcoin, or a very huge number of Bitcoins. As long as you are holding Bitcoin, you consider yourself as a Bitcoin investor already.

There's nothing more to it. Knowledge? Maybe the only thing that you need to learn is to know when to buy and sell, and that's it.

Alisha-k

member

Activity: 840

Merit: 23

An investor is an individual who puts his money into a business, an organization.
This is what your friend has done and so he's not wrong to say he's an investor, even though purchasing Bitcoin isn't the only thing to do as an investor.

Inwestour

hero member

Activity: 980

Merit: 947

Quote from: Texac on May 06, 2023, 08:47:31 PM

after all, it's just a fictional name. when you own bitcoin, you are already an investor, but being an investor does not mean you will get a return on your investment. what is the goal of the investment? It's profit, so making a profit is more important than people calling you a bitcoin investor.

If you just want people to call you a bitcoin investor, then by owning 100 satoshis, you are already a bitcoin investor.

Well, I don't know, it's like saying that you are an investor because you own one share of Coca Cola, but what is the purpose of such an "investment"?

For me, this is not an investment, it's just the first step, an attempt to create something, it's definitely not an investment. I see on the forum they create topics asking if it is possible to start buying bitcoin with $ 30 a month, in fact, you can start buying with any amount, but you will not become an investor from this, it will take too much time to create some kind of more or less significant investment.

I don’t want to name any amount, it will be different for everyone, but in the end you need to be realistic and understand what the investment can lead to if bitcoin reaches, for example, the price of 100k. Therefore, everyone can calculate the prospects for their investments.

Texac

hero member

Activity: 2086

Merit: 513

Vave.com - Crypto Casino

Quote from: Edcrypto91 on April 07, 2023, 01:50:51 AM

I have a close friend who recently purchased 0.8 Bitcoins and when we met he was happy and was like " I am now a Bitcoin investor"
At that point I go this question in mind ;what does it really take to become a Bitcoin investor .does it mean that if you own a considerable amount of Bitcoin in your wallet you are now a Bitcoin investor or there is more to it aside having a basic knowledge of crypto currencies

after all, it's just a fictional name. when you own bitcoin, you are already an investor, but being an investor does not mean you will get a return on your investment. what is the goal of the investment? It's profit, so making a profit is more important than people calling you a bitcoin investor.

If you just want people to call you a bitcoin investor, then by owning 100 satoshis, you are already a bitcoin investor.

sulendra12

hero member

Activity: 2814

Merit: 526

Undeads.com - P2E Runner Game

Quote from: Edcrypto91 on April 07, 2023, 01:50:51 AM

I have a close friend who recently purchased 0.8 Bitcoins and when we met he was happy and was like " I am now a Bitcoin investor"
At that point I go this question in mind ;what does it really take to become a Bitcoin investor .does it mean that if you own a considerable amount of Bitcoin in your wallet you are now a Bitcoin investor or there is more to it aside having a basic knowledge of crypto currencies

If you buy the assets for the hope to get profit when you sell it then it called Investor. It doesn't matter if you know about said assets before you invest. But again there is a difference between smart investors and bad investors, that's why the knowledge and experience matters a lot here. Your friend really had a bold move saying he purchased 0.8BTC, I hope he knows what he is doing otherwise it will be wasted.

Viscore

hero member

Activity: 3164

Merit: 660

Live with peace and enjoy life!

Quote from: Edcrypto91 on April 07, 2023, 01:50:51 AM

I have a close friend who recently purchased 0.8 Bitcoins and when we met he was happy and was like " I am now a Bitcoin investor"
At that point I go this question in mind ;what does it really take to become a Bitcoin investor .does it mean that if you own a considerable amount of Bitcoin in your wallet you are now a Bitcoin investor or there is more to it aside having a basic knowledge of crypto currencies

The moment you invest into something, you are instantly an investor. But investing without knowing what you are investing, and how to make your investment works, will never be successful in one’s investment. As a successful investor, you need to develop the right attitude towards investing, by being patient and focused on your set goal and sticking to it, you will end up profitable. And of course, by investing in the right coins that have high potentials for massive returns, that will help you to become a successful and profitable investor in the long run.

Ale88

legendary

Activity: 2380

Merit: 2369

Quote from: Edcrypto91 on April 07, 2023, 01:50:51 AM

I have a close friend who recently purchased 0.8 Bitcoins and when we met he was happy and was like " I am now a Bitcoin investor"
At that point I go this question in mind ;what does it really take to become a Bitcoin investor .does it mean that if you own a considerable amount of Bitcoin in your wallet you are now a Bitcoin investor or there is more to it aside having a basic knowledge of crypto currencies

Becoming an investor simply means investing in something, doesn't matter whether it's bitcoin, Apple or Tesla. There is no minimum value, you decided to buy something great, now you invested in that asset and you became an investor. Considering the current prices I would say that 0.8 BTC is a very decent amount, not too many people can afford to spend more than $23k at once. But he would be an investor even if he bought 100 satoshi.

RockBell

sr. member

Activity: 868

Merit: 383

Underestimate- nothing

Quote from: Tony116 on May 06, 2023, 11:38:31 AM

Quote from: Hypnosis00 on May 06, 2023, 10:09:33 AM

Quote from: ringgo96 on May 06, 2023, 08:37:45 AM

To become a successful investor in the crypto world, especially investing in Bitcoin, we must first learn the basics that we must understand about Bitcoin because the risk of every investor must exist because when we invest, of course, the capital we have to spend so we must be careful not to experience large losses and we will feel pressured if we never get a profit, So first understand how the chart moves and how to buy Bitcoin on certain exchanges because not all exchanges are safe for us to use.

Perhaps, it was a vital thing need to become a Bitcoin investor. Because no way we can call ourselves an investor, or successful investor even though we buy 1BTC or 10BTC when we never know how it works. Because investing is not just all about money and capital but also knowledge. And no way we succeed if don't have those things as it was connected to each other. The more we understand the system, the more encourage ourselves to invest more and earn more. That is why investing doesn't give us profit instantly as it happens when we know how to grow it, just like running a business.

Investors will be completely different from successful investors, not everyone who invests in bitcoin will be successful. To me, as long as you own bitcoin, you are already a bitcoin investor. But to be a successful investor must rely on the ability of each person and a combination of many different factors, not just knowledge. It takes a lot of factors, such as knowledge, experience, and skills as well as a little luck in investment... success is a training process.

Not only in bitcoin but every business has principles and there are books that can help you become better in times of using this principles, coming back to bitcoin a lot of people love bitcoin and want to invest in bitcoin but the continuity matters a lot, I know of people that will disturb you that they want to invest in bitcoin before you know they start selling gradually till it finishes, one thing people don't get is that investing in bitcoin is not for everybody. The factors stated are majorly what makes you an expect but a lot of people are avoiding the process and that's why a lot of bitcoin investors have given up.

Sanitough

hero member

Activity: 2856

Merit: 674

Quote from: Wexnident on April 07, 2023, 03:49:40 AM

If you buy/own an amount, any amount, then you can be considered one, though I'd consider "owner" more than "investor" since that makes it sound like Bitcoin is some sort of project that people can invest in, but it's not, it's a currency after all. Even without any knowledge really as long as you own an amount you'd be considered as one. I reckon a lot of people who use fiat don't really understand how it works and yet they still use it and can be considered to own fiat as well.

There's definitely some desire for bragging hence why he coined it like that but eh, whatever, glad for him though.

I guess being an investor is actually not that hard, but if you mean a successful bitcoin investor, that implies knowledge and skills so you won’t end up investing at a loss. And by investing without greed, but patience and persistence until you see your investment slowly working into progress, until it finally paid off. Investing is also an art, that’s why you also have to put your passion on it, but never too emotional.

Altryist

legendary

Activity: 2100

Merit: 1340

Quote from: Tony116 on May 06, 2023, 11:38:31 AM

Investors will be completely different from successful investors, not everyone who invests in bitcoin will be successful. To me, as long as you own bitcoin, you are already a bitcoin investor. But to be a successful investor must rely on the ability of each person and a combination of many different factors, not just knowledge. It takes a lot of factors, such as knowledge, experience, and skills as well as a little luck in investment... success is a training process.

No one said that investing is an easy task and perhaps luck is the least you should count on in investing. At the moment, bitcoin is moving in cycles and each cycle shows good growth, so it seems to us that now investing in bitcoin looks very attractive, perhaps many people think that this is a win-win investment, but this is not so, since success will depend on many factors and including how long bitcoin can keep this trend.

knowngunman

sr. member

Activity: 700

Merit: 348

Quote from: Patrol69 on May 06, 2023, 01:15:58 PM

It is wrong to think that just because you have enough money in your wallet to invest, you are qualified to invest.

You cannot become an investor only if you have money, but to be a real investor, you need to have adequate knowledge, experience, patience, risk taking, positive thinking about the market, and market analysis.
If you invest without having any idea about the market, you will definitely fail in your investment.

Whether you have money to invest or not, the first thing you need to know about investing is rules. And by observing the market you also need to know when is the best time to invest. To be a good investor, you can never be dependent on others or take any decision depending on luck.

It's wrong to say unless you have the knowledge before you can be refer to as investor. Investor is investor and you are already an investor as long as you own a portion of what you invested on. What I understand from your comment is referring to a successful investor which is not the subject of discussion here.

The original post asked about whether owning a part of Bitcoin qualifies one to be called an investor. The right answer to that question is yes. However, becoming a successful investor requires the qualities that you mentioned in your comment but lacking those qualities does not really disqualified one as an investor if you own it.

It's advisable for one to sincerely seek for knowledge of what you want to invest in no matter how little. It's not possible to have every necessary knowledge actually but one should not be completely illiterate of what you're throwing your wealth into. You can actually seek for advice from experts in the field until you become one.

bitzizzix

sr. member

Activity: 2366

Merit: 448

SOL.BIOKRIPT.COM

What you need to know is what is meant by an investor because it relates to all types of investments, and an investor is someone who puts their money in a company, stock or other with the aim of making a profit. And usually in the long term like stocks and also crypto or bitcoin.
and to become an investor there is no standard or amount that must be accepted, and as long as he does it for the long term and to get good profits, he can be said to be an investor. And what distinguishes it is the profit that can be obtained, and it depends on how much is invested.

Patrol69

sr. member

Activity: 658

Merit: 280

It is wrong to think that just because you have enough money in your wallet to invest, you are qualified to invest.

You cannot become an investor only if you have money, but to be a real investor, you need to have adequate knowledge, experience, patience, risk taking, positive thinking about the market, and market analysis.
If you invest without having any idea about the market, you will definitely fail in your investment.

Whether you have money to invest or not, the first thing you need to know about investing is rules. And by observing the market you also need to know when is the best time to invest. To be a good investor, you can never be dependent on others or take any decision depending on luck.

Tony116

legendary

Activity: 2072

Merit: 1023

casinosblockchain.io

Quote from: Hypnosis00 on May 06, 2023, 10:09:33 AM

Quote from: ringgo96 on May 06, 2023, 08:37:45 AM

To become a successful investor in the crypto world, especially investing in Bitcoin, we must first learn the basics that we must understand about Bitcoin because the risk of every investor must exist because when we invest, of course, the capital we have to spend so we must be careful not to experience large losses and we will feel pressured if we never get a profit, So first understand how the chart moves and how to buy Bitcoin on certain exchanges because not all exchanges are safe for us to use.

Perhaps, it was a vital thing need to become a Bitcoin investor. Because no way we can call ourselves an investor, or successful investor even though we buy 1BTC or 10BTC when we never know how it works. Because investing is not just all about money and capital but also knowledge. And no way we succeed if don't have those things as it was connected to each other. The more we understand the system, the more encourage ourselves to invest more and earn more. That is why investing doesn't give us profit instantly as it happens when we know how to grow it, just like running a business.

Investors will be completely different from successful investors, not everyone who invests in bitcoin will be successful. To me, as long as you own bitcoin, you are already a bitcoin investor. But to be a successful investor must rely on the ability of each person and a combination of many different factors, not just knowledge. It takes a lot of factors, such as knowledge, experience, and skills as well as a little luck in investment... success is a training process.

Hypnosis00

sr. member

Activity: 2436

Merit: 343

Quote from: ringgo96 on May 06, 2023, 08:37:45 AM

To become a successful investor in the crypto world, especially investing in Bitcoin, we must first learn the basics that we must understand about Bitcoin because the risk of every investor must exist because when we invest, of course, the capital we have to spend so we must be careful not to experience large losses and we will feel pressured if we never get a profit, So first understand how the chart moves and how to buy Bitcoin on certain exchanges because not all exchanges are safe for us to use.

Perhaps, it was a vital thing need to become a Bitcoin investor. Because no way we can call ourselves an investor, or successful investor even though we buy 1BTC or 10BTC when we never know how it works. Because investing is not just all about money and capital but also knowledge. And no way we succeed if don't have those things as it was connected to each other. The more we understand the system, the more encourage ourselves to invest more and earn more. That is why investing doesn't give us profit instantly as it happens when we know how to grow it, just like running a business.

ringgo96

sr. member

Activity: 1582

Merit: 279

To become a successful investor in the crypto world, especially investing in Bitcoin, we must first learn the basics that we must understand about Bitcoin because the risk of every investor must exist because when we invest, of course, the capital we have to spend so we must be careful not to experience large losses and we will feel pressured if we never get a profit, So first understand how the chart moves and how to buy Bitcoin on certain exchanges because not all exchanges are safe for us to use.

Supreemo

full member

Activity: 443

Merit: 110

Quote from: noormcs5 on May 03, 2023, 06:42:33 PM

Quote from: RealMalatesta on May 03, 2023, 02:22:00 PM

Quote from: KingsDen on May 01, 2023, 02:35:47 PM

I am not also saying that the word bitcoin investment is a wrong terminology. But its usage brings some kind of confusion to newbies which in one way or the other contribute to the failure of some newbies.
Check out the scenario a newbie is made to understand that they just own bitcoin and remove their mind from investment. It will still not make them be in profits during the bull.

But the word Bitcoin investment has led many newbies into patronising ponsi schemes in the name of investing in Bitcoin. Also to buy bitcoin isn't difficult, but they will give their money to other people to help them invest in bitcoin, because they are not aware that merely buying of bitcoin is the investment. They will think that there are alot of things that are to be done apart from buying and holding.

I think whatever is the simplest that is getting accepted by the people is the right one, there is no need to be fixated on the terminology and focus on that. Just ignore that and move to making more sense with the actions instead of the talks. If newbies like to use it that way, let them use it that way.

I personally consider bitcoin investor as someone who invested into bitcoin, if you ever invested into bitcoin and have bitcoin today, then you are a bitcoin investor, if you did it back in the day but have none right now, you were a bitcoin investor, if you are thinking about buying in the future, you will be bitcoin investor, that is how I use and I feel like it's a very simple one and shouldn't really be considered that different at all.

You simply need an investor mindset in order to become a bitcoin Investor. This means that when you buy Bitcoin, you need to have a long term vision that you will hold Bitcoin for some months or years and may not sell quickly for short term profit.

If you buy and sell bitcoin for short term profits then you may be classified as bitcoin trader but not investor. An investor have a long term vision and he is the one who thinks that in the future the bitcoin will be of very high value. Hence he does not become greedy and does not book small profits by selling Bitcoin.

it doesn't really matter what the newbies are using for the terminologies, coz the only issue why they fall for such schemes is due to expecting that they can earn ten times or more from their capital in a short amount of time. this is what mostly attracts them that is why they tend to lose money and then call the people who gave them the idea as "scammers". i also agree that due to being greedy is the reason why most newbies fall for that, and it is already generally stated by me above as to why they still believe it.

the most important thing a newbie needs to do is to learn and be patient, coz all of the term investment comes in time along with what you learn. all of us have been once a newbie before, and what we did is learn and learn until so much time had passed. investing only can be called investing if you have money, guts to risk, future plans and continuous learning process.

KiaKia

sr. member

Activity: 728

Merit: 388

Not just a bitcoin investor but a successful bitcoin investor and to become a successful bitcoin investor you need to make sure that you're making some extra source of income so that you will be able to provide for your family and at the same time you will be able to provide for yourself.

you'll also be able to have some emergency fund somewhere safe just in case so that your long-term plan as a successful bitcoin investor will come true many people made the mistake of using the money that is meant for something else to invest in Bitcoin thinking that they can make money out of Bitcoin in a very short time and at the end it always result in a loss.

If you want to make money out of crypto in short-term you need to buy what other people are buying, for example alternative coins and presently name coins and making some noise in the space it will be better if you can make some money in meme coins since you cannot wait for a very long time.

Topic: What does it take to become a Bitcoin investor - page 2. (Read 876 times)