What does it take to become a Bitcoin investor - page 3.

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Quote from: Gladitorcomeback on May 06, 2023, 04:36:31 AM

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

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.

This is not 100% true because Cex are created for this purpose where you can trade and make deposit and withdraw more quick than dex. When you deposit your fiat and buy btc in exchange, you have invested in Bitcoin. The only problem with Cex is security because you have no private key of your wallet. If any problem happens with exchange and they stop to withdraw funds then you cannot withdraw it. buyer of BTC in exchange will also be called investors but we will say that he is not true holder until withdraw it to own wallet or sell btc ti convert into fiat

Agree, even if our bitcoins are on centralized exchanges, we already own bitcoins and can be called investors. Although the concept of bitcoin is decentralized, it does not mean that if we store it on centralized platforms, we do not own it, as we can withdraw it to our wallets whenever we want. But storing bitcoins on CEX is really something to stay away from, as we never know when they will crash. CEX means trading and exchange and should only be used for buying and selling. Not a safe place to store bitcoins.

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

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.

This is not 100% true because Cex are created for this purpose where you can trade and make deposit and withdraw more quick than dex. When you deposit your fiat and buy btc in exchange, you have invested in Bitcoin. The only problem with Cex is security because you have no private key of your wallet. If any problem happens with exchange and they stop to withdraw funds then you cannot withdraw it. buyer of BTC in exchange will also be called investors but we will say that he is not true holder until withdraw it to own wallet or sell btc ti convert into fiat

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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

Simple, just buy Bitcoin and move it to your personal wallet preferably like a hardware wallet like Trezor. You can buy any amount of Bitcoin and start holding and you already become a Bitcoin investor. but inside the investor, there is also a term like a whale, etc. and it is categorized based on how much they're holding.

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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.

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To be a bitcoin investor, you need to acquire some bitcoin. This can be done by purchasing bitcoin through a crypto currency exchange platform or you can acquire from trusted individuals. Once you have acquired a Bitcoin, you can hold your investment for a long term process or you can trade it to other crypto currencies. But before investing you need to keep in your mind that crypto currency market is highly volatile and investing in crypto currency involves a lot of risks. Always do a research before making an investment. When you had acquired a bitcoin make sure to keep it in a secure wallet and never ever share your private keys keep it a secure place to avoid hacking.

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I think it's simple - if you have bitcoin, you are a bitcoin investor. For example, I buy bitcoin and hodl it in my ownr wallet, which means that I'm a bitcoin investor and it doesn't matter how much I have it.

Why do people like to complicate things so much? haha

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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

your friend is right he has become a bitcoin investor because he has stored bitcoins in his wallet, what bitcoin investors mean is people who hold bitcoins in their wallets, this is why bitcoin prices are expensive because investor confidence in bitcoin is getting higher if investor confidence in bitcoin fades and all btc is sold simultaneously by investors, so the price of bitcoin will drop dramatically and will even become trash, this is just my opinion, if I'm wrong, please cross it out.

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Quote from: KingsDen on April 29, 2023, 12:54:50 PM

Can you remove the word investor and use own. Your friend is a bitcoin owner because he bought bitcoin with fiat. I also do not see the word "bitcoin investor" so appropriate. That is if bitcoin was to be a currency that Satoshi prosee it to be.
Will it therefore be right to say that I am a dollar investor?

Bitcoin do not only just serves as a currency but also an asset class and a store of value unlike the Fiat currency that loses it value over time due to inflation, but Bitcoin increases in value over time because of its inflation rate is cut halve once every 4 years which makes it a deflationary investment asset. Secondly , the volatility makes Bitcoin interesting and attractive to investors when compared to fiat, So the Op is right by using the word investor because we invest on things we do think it will add value in the future.

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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

To be a successful Bitcoin investor, you need to have a solid understanding of the underlying technology, market trends, and trading strategies. This includes keeping up with the latest news and developments in the cryptocurrency space, conducting thorough research before making investment decisions, and setting realistic goals and risk management strategies.

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Quote from: Questat on May 03, 2023, 06:28:28 PM

Quote from: ScamViruS on May 03, 2023, 06:01:17 PM

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 someone invests without knowledge about something, he may not be able to control himself when the market situation is unstable and will do activities like panic selling. So to be an investor in Bitcoin it is important to have knowledge about Bitcoin so as to be able to hold the invested Bitcoins. But those who come to the Bitcoin market, they automatically become curious about Bitcoin after seeing its behavior. As a result, they once gained enough knowledge about Bitcoin.

Investors had a long-term vision, she/he never puts money into an investment that can't assure profit long-term that is why they are willing to hold several years without worrying anything about losses. And before they invest, they also have done research and market study just to know the situation and make familiar and they are not rushing until such time that they are ready enough of it which is why we see them become successful.
Experienced investors are not emotional, perhaps, they are too aggressive then as they are certain of what they doing and have been consistent in their plan despite the changing situation of the market.

An investor who researches and invests in how Bitcoin works, and what its future prospects will be, can take a long-term position. Every day new investors come in the Bitcoin market but many of them do not have the knowledge about Bitcoin and cannot stay in the market.

Experienced investors are definitely ahead but becoming an experienced investor takes time to acquire enough knowledge. And many beginners do not have enough time to acquire this knowledge!

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Quote from: Gladitorcomeback on April 14, 2023, 01:37:38 PM

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

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

For becoming Bitcoin investor there no need of any knowledge. when you buy any amount of btc without any knowledge you will be called Bitcoin investor. It's is same like you buy car having no knowledge of driving. you will he owner of this car but It will be more beneficial when you have knowledge of driving. similarly buying btc will make you investor but it's proper benefit can be obtain when you have atleast basic knowledge of crypto and how this holding will benefit you in long term.

If you have no knowledge, how can you buy bitcoins? Moreover, investing in bitcoin without knowledge is like gambling, I wouldn't call it investment but gambling. We do not buy or invest in anything, especially bitcoin, without having knowledge of it. The goal of investing is profit and to earn profit requires knowledge and experience.

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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.

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Quote from: ScamViruS on May 03, 2023, 06:01:17 PM

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 someone invests without knowledge about something, he may not be able to control himself when the market situation is unstable and will do activities like panic selling. So to be an investor in Bitcoin it is important to have knowledge about Bitcoin so as to be able to hold the invested Bitcoins. But those who come to the Bitcoin market, they automatically become curious about Bitcoin after seeing its behavior. As a result, they once gained enough knowledge about Bitcoin.

Investors had a long-term vision, she/he never puts money into an investment that can't assure profit long-term that is why they are willing to hold several years without worrying anything about losses. And before they invest, they also have done research and market study just to know the situation and make familiar and they are not rushing until such time that they are ready enough of it which is why we see them become successful.
Experienced investors are not emotional, perhaps, they are too aggressive then as they are certain of what they doing and have been consistent in their plan despite the changing situation of the market.

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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

There's no amount that would really be needed for you to be considered as a bitcoin investor whether you are investing 100 sats or 1 Bitcoin it would really be just the same which you can call
yourself as a bitcoin investor. You shouldnt really be boggling up yourself on how to be one if you could just simply buy on your own and of course it wont really be that
as the same on what your friend amount had bought. As long your budget or money permits then invest on what you can afford to lose.

Quote from: Latviand on April 07, 2023, 04:26:02 AM

It's simple, just buy bitcoin. No other complicated task to do so you can be entitled to be one, pretty sure that if you look at the definition of investor doesn't have a lot of requirements in it. I think that your question has already been answered so I think that it's time to lock this topic.

Better to lock this topic to avoid unnecessary replies or repetitive responses which it would really be just that common sense that you would really be considering
yourself to be an investor on the time that you do make out investment no matter how small it would be. It is really just that there are people
who do really love to hear out peoples responses on something which you could actually find or answer on your own. lol

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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 someone invests without knowledge about something, he may not be able to control himself when the market situation is unstable and will do activities like panic selling. So to be an investor in Bitcoin it is important to have knowledge about Bitcoin so as to be able to hold the invested Bitcoins. But those who come to the Bitcoin market, they automatically become curious about Bitcoin after seeing its behavior. As a result, they once gained enough knowledge about Bitcoin.

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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.

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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

There is no doubt that Bitcoin is a leading asset for long term investment. However, before considering purchase or ownership of Bitcoin, it is important to first understand the technology behind it, the factors those drive its value, it historical track record and its potential to lead the financial system globally. Learning all these aspects of Bitcoin can help you to make an informed decision. The actual act of buying comes as a subsequent step.

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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

Honestly, the amount of bitcoin you own doesn't really matter, it can be small or it can be big amount, there is no criteria written any where with a set of rules of what one must do or how much Bitcoin one must hold before he or she is considered a bitcoin investor, and not like you get an ID card to become one, you can hold $10 dollar worth of bitcoin, it is up to you to decide whether you are a bitcoin investor or not, but naturally, as long as you hold those bitcoin and have a target to sell for profit in the future, you are an investor in bitcoin.

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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

Wha it takes to be bitcoin investor is to have understanding of bitcoin and this is the principal thing. To be bitcoin investor doesn’t mean you must have a huge amount of bitcoin in your wallet, if acquiring bitcoin is what makes one to be investor I don't think their will be an investment. Buying Bitcoin and not having a good understanding about it can be waste with no positive result.

Understanding is everything, understanding to know which wallet will be good to invest, understanding the market to have patience to still hodl even when the market drops, understanding makes investment in bitcoin to be easy and to yield good results.

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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 have a secure wallet and $1 worth of bitcoins in it, you are a bitcoin investor. In this case it is not enough to be an investor, you need to have enough knowledge to invest. Then there needs to be a lot of strategy about investing. And all crypto related news you need to know updates. Because even on the basis of this news, investment plays an important role. If a person can manage all these tasks correctly, then he can claim himself as a Bitcoin investor.

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