What does it take to become a Bitcoin investor - page 4.

KingsDen

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Quote from: doomloop on April 30, 2023, 02:55:03 PM

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

Though it was created as a currency by Satoshi Nakamoto, it is considered more of an asset than a currency now due to its volatility and the huge value that it gained over the years. Bitcoin serves multiple purposes, it can be used as a currency to be paid or transferred anywhere or bought and stored as an asset just like gold or property.

So, the word "Bitcoin investor" or investing in Bitcoin isn't a wrong terminology considering how it turned out to be and how it is used mostly nowadays, also, it is traded, so when you buy something that can be traded and provide you profits, you can say that you are investing in that particular asset/thing.

Well, 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.

Iranus

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Quote from: so98nn on April 29, 2023, 12:43:00 PM

I am not following this trend at all. Why does it really matter if someone needs to call you bitcoin investor or not? Do you need to have a title of that?
I will give it to you. You registered on this forum, you are talking and discussing stuff about the bitcoin, congrats you made it. You are bitcoin investor. Let us be practical, if you really want to achieve a bitcoin investor status then man, get up, go on the adventure of bitcoin. Learn about it, learn how to be perfect Bitcoin hodler. Though there is no competition for true bitcoin investor, you can play it for fun with your friends. However, considering he bought 0.8 btc straight up, he must be keen about Bitcoin adventure and trying out his next profit from the same.

The only best scenario here is, try to get in, merge with bitcoin and tech behind it. Learn and perceive and they adopt to the crypto space accordingly. Forget about whether what you will be called. Focus on the goal.

I don't even want the people around me to know I'm investing in bitcoin, let alone feel happy when they call me a bitcoin investor. Don't forget our goal is profit when investing in bitcoin, so let's try to achieve our goal somehow then we have succeeded. If everyone hails you and calls you a real bitcoin investor, but your investment is losing money, that doesn't make you any happier. So no matter what people call you, the title of bitcoin investor means nothing when you lose. Stay focused on your goal.

qwertyup23

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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

The moment you purchase BTC and you keep it inside your wallet, then you are considered as a BTC investor.

Regardless on how long you invest your BTC (whether short/long-term), as long as you purchase it with the goal of HODLing it then you fit right into such category. Investing does not mean that you have to purchase relatively high amounts of BTC in the process. You can be an investor even if you started with small/low amounts of BTCs and you can work your way up when you have profited in such investment.

I think this has been a misconception to many that you have to purchase high amounts of BTC in order for you to start. Remember that even by starting small, your journey had already begun as soon as you purchase any amount of BTCs.

Yatsan

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Quote from: doomloop on April 30, 2023, 02:55:03 PM

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

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?

So, the word investment comes in because of the volatility of bitcoin. When it rises in price there will be a difference between the initial bitcoin you bought and what you hold at the risen price. And when the price plunges, there will be a negative difference too. That is where the idea of investment came from.

Though it was created as a currency by Satoshi Nakamoto, it is considered more of an asset than a currency now due to its volatility and the huge value that it gained over the years. Bitcoin serves multiple purposes, it can be used as a currency to be paid or transferred anywhere or bought and stored as an asset just like gold or property.

So, the word "Bitcoin investor" or investing in Bitcoin isn't a wrong terminology considering how it turned out to be and how it is used mostly nowadays, also, it is traded, so when you buy something that can be traded and provide you profits, you can say that you are investing in that particular asset/thing.

We cannot help it; Bitcoin and other cryptocurrencies just happened to be more beneficial to the users and investors as an asset which has high profit potential due to its market price volatility. Also, Bitcoin and other coins are not being used on daily transactions for the same reason that guilt is on the way and also, the fact that cryptos are not widely accepted to majority of countries. There's nothing wrong I guess because there is no law prohibiting crypto investment and limiting its utility as a mode of payment.

So to answer the question on what should an invidual possess in order to be a Bitcoin investor; one is courage, another is financial capability and last I guess is knowledge about this industry.Quite self explanatory, I think.

doomloop

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

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?

So, the word investment comes in because of the volatility of bitcoin. When it rises in price there will be a difference between the initial bitcoin you bought and what you hold at the risen price. And when the price plunges, there will be a negative difference too. That is where the idea of investment came from.

Though it was created as a currency by Satoshi Nakamoto, it is considered more of an asset than a currency now due to its volatility and the huge value that it gained over the years. Bitcoin serves multiple purposes, it can be used as a currency to be paid or transferred anywhere or bought and stored as an asset just like gold or property.

So, the word "Bitcoin investor" or investing in Bitcoin isn't a wrong terminology considering how it turned out to be and how it is used mostly nowadays, also, it is traded, so when you buy something that can be traded and provide you profits, you can say that you are investing in that particular asset/thing.

KingsDen

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Goodnight, o_e_l_e_o 🌹

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

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?

So, the word investment comes in because of the volatility of bitcoin. When it rises in price there will be a difference between the initial bitcoin you bought and what you hold at the risen price. And when the price plunges, there will be a negative difference too. That is where the idea of investment came from.

so98nn

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I am not following this trend at all. Why does it really matter if someone needs to call you bitcoin investor or not? Do you need to have a title of that?
I will give it to you. You registered on this forum, you are talking and discussing stuff about the bitcoin, congrats you made it. You are bitcoin investor. Let us be practical, if you really want to achieve a bitcoin investor status then man, get up, go on the adventure of bitcoin. Learn about it, learn how to be perfect Bitcoin hodler. Though there is no competition for true bitcoin investor, you can play it for fun with your friends. However, considering he bought 0.8 btc straight up, he must be keen about Bitcoin adventure and trying out his next profit from the same.

The only best scenario here is, try to get in, merge with bitcoin and tech behind it. Learn and perceive and they adopt to the crypto space accordingly. Forget about whether what you will be called. Focus on the goal.

Agbe

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Quote from: Davidvictorson on April 14, 2023, 11:27:36 AM

I want to believe that being a bitcoin investor goes more than just buying and hold bitcoin. There's more to it. There are certain qualities that the individual must or should possess. These qualities include but are not limited to, financial discipline, long-term perspective, high risk tolerance, patience, and diversification. A bitcoin investor could be an individual who handles their wallet by themselves usually in small amounts or an institutional investor who invests in bitcoin under a company. For example people who invest in MicroStrategy. Basically the end goal is to have huge ROI.

Exactly, mostly that long term investment the major aspect of becoming a quality Bitcoin investor. The investor must haven the mindset that there is risk in it. Some commentors were saying that one can start investing with any amount, yes but a real investor supposed have at least $1,000 bitcoin unit in their wallet and subsequent add up to the amount. But if the person did not have the 1k dollar bitcoin, he or she can invest/start with a little amount like $200 and he has to plan to add more. Keeping such amount of bitcoin in his wallet is not and investment but ordinary holding.

inthelongrun

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There are no such rules when it comes to the amount of investment. No matter how small the amount is as long as you invested something then I guess you are already an investor. Small amounts are even advised for newbies since they are not that familiar and they can just increase it over time. It is also very important to put an amount that you can only afford to lose. Diversification is another thing as well. You cannot put all your savings in one basket. This is good protection since dumps are also possible.

Inwestour

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Quote from: Pandu Geddon on April 14, 2023, 11:44:48 AM

when you hold your Bitcoin for a certain time planning, then you are part of a Bitcoin investor. whatever the reason, simply that's what happened.
but what kind of investor to be, it all depends on your abilities. if all you can afford is to just buy and hold. then it's not a problem. the most important end goal is profit.
not your specific criteria that will distinguish it all. what is certain is that your choice is to become a Bitcoin investor or trader.

Everything seems to be simple, but in fact, choosing the time to sell is not always so easy. If you are not going to be an eternal holder, then sooner or later you will have to face this issue. The temptation to sell comes from the moment your investment becomes profitable. If you didn't plan on being a long-term investor, then you're more likely to sell quickly.

Gladitorcomeback

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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.

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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

In my story, when I bought bitcoin for the first time, I didn't know what crypto was and what bitcoin was, I was only interested in what my friends were doing at that time talking about cryptocurrencies and they went further than me, I said that I too want to buy what they buy and they always make a trustwallet wallet and teach me well about account security without me knowing how my fiat money can become bitcoin at that time, and I feel that I was already a bitcoin investor at that time without having any knowledge about bitcoins or cryptocurrencies.
I think more precisely what should be required in becoming a bitcoin investor is to have the money and courage where we will face a wave of currents in the market of price patternities that might attack our mentality, especially those who are new to investing in bitcoin.

AnonBitCoiner

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Actually bitcoin investors are those who have put some amount of money in it and every is proud of having bitcoin because the price of bitcoin is so higher that everyone cannot buy it also it is a type of coin which certain your success.

It does not matters that how much money you have invested in it but you will be known as bitcoin investor because you have purchase it. There is no limitation of money to invest in bitcoin may you put little or more but you will have bitcoin.

The basic thing is not to buy bitcoin but the basic thing is that how you will get benefit from it and how you will react according to market situations. So everyone should first try to know about its handling then becoming bitcoin investor will be easy.

Pandu Geddon

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Quote from: Davidvictorson on April 14, 2023, 11:27:36 AM

I want to believe that being a bitcoin investor goes more than just buying and hold bitcoin. There's more to it. There are certain qualities that the individual must or should possess. These qualities include but are not limited to, financial discipline, long-term perspective, high risk tolerance, patience, and diversification. A bitcoin investor could be an individual who handles their wallet by themselves usually in small amounts or an institutional investor who invests in bitcoin under a company. For example people who invest in MicroStrategy. Basically the end goal is to have huge ROI.

when you hold your Bitcoin for a certain time planning, then you are part of a Bitcoin investor. whatever the reason, simply that's what happened.
but what kind of investor to be, it all depends on your abilities. if all you can afford is to just buy and hold. then it's not a problem. the most important end goal is profit.
not your specific criteria that will distinguish it all. what is certain is that your choice is to become a Bitcoin investor or trader.

Jody.Drummer

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Regardless of the nominal value in this case, whether it's a lot of bitcoins or a few, all of them are investors, in my opinion, because we save and invest the money we have in bitcoins.
It doesn't really matter how much money one can put in for this kind of situation because we will still be counted as literal investors.
But indeed in this case when your friends have more bitcoins they have more profit when the price goes up because their Investment amount is more that's all I think.
Talking about more knowledge I think this is basic because obviously we have to know what we are doing in bitcoin and when investing of course we study that first because it's not like buying a lottery wishing the luck in our direction but it takes something that more to make sure that bitcoin is really good so that when we are sure we just invest because indeed further knowledge is the basis that everyone who is in bitcoin must have.

It will be very funny when we buy bitcoins but we don't know what bitcoins are and only stupid people do that.

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I want to believe that being a bitcoin investor goes more than just buying and hold bitcoin. There's more to it. There are certain qualities that the individual must or should possess. These qualities include but are not limited to, financial discipline, long-term perspective, high risk tolerance, patience, and diversification. A bitcoin investor could be an individual who handles their wallet by themselves usually in small amounts or an institutional investor who invests in bitcoin under a company. For example people who invest in MicroStrategy. Basically the end goal is to have huge ROI.

DiMarxist

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You can call yourself a bitcoin investor, as far as you bought bitcoin and owned a bitcoin, but that doesn't means you are fully a bitcoin, if you don't understand and have the acknowledgeable in bitcoin you are not an investor, if you lose in investing in bitcoin, you will stop investing, because you don't have understanding and on patients on the market, you will know the outcome and the income of bitcoin, know the bullish and bearish in the bitcoin,knowledge is very important. And You are still going to need the technical analysis for you to figure out when is the right time to buy bitcoin and sell, so you could be a bitcoin investor.

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Quote from: goldkingcoiner on April 13, 2023, 05:16:30 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

It takes money. Just like with investing in anything.

Not sure I understand the essence of your question or what you are actually asking. As long as you have the money and the motivation, you can become a Bitcoin investor. As far as researching your investment goes, that can be done anytime, before or even after making the investment.

In order to invest in Bitcoin you just need to buy some Bitcoin, which you can do on any platform which offers to sell you Bitcoin, or you could even buy it from a friend/family member, without any extra hassle.

Anyone who owns even a cent's worth of Bitcoin is already an investor.

I agree that as long as you have money to invest, you can definitely do so. But more than that, assessment of your overall financial capability must be done. Know the rule that when you invest certain amount, you can really afford that amount. Just make sure that all your assets are safe since in todays technology more are getting advance on tricking people and stealing their investments.

Marvell1

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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

I think anyone who just owns bitcoin is an investor. Becoming a bitcoin investor is not too difficult, the more difficult thing is how to make a profit because not everyone who invests is profitable, and most people lose more than gain.
As an investor, you should take the time to improve your knowledge because that is the only way to determine whether you will succeed or fail in this market. Remember that the marketplace is a battlefield and knowledge is a weapon, there is no such thing as getting rich by luck in this marketplace.

AicecreaME

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The answer on your question is very simple, if you invested your money on it then automatically you're a Bitcoin investor, there's nothing more requirements about that, even if you have only basic knowledge about bitcoin.

Now, it takes a lot of courage and a solid final decision for someone to be a Bitcoin investor, because it ain't easy as buying at a random moment whenever you feel to and hope to have profits as quickly as possible. You are going to still need your technical analysis for you to figure out when is the right time to buy Bitcoin so you could be a bitcoin investor that will surely have profits in the long run.

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