What does it take to become a Bitcoin investor - page 5.

Nrcewker

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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 must say knowledge is very important. If you don’t have enough knowledge about the asset that you are investing in, then there is high chances that you will make losses in it. So yeah not only Bitcoins but in each and every asset you must have great knowledge on it, and should be aware of the risk factors that are involved in it. Moreover you don’t need to buy a specific amount of Bitcoins, in order to be considered as Bitcoin investor. Buy 10$ of Bitcoins, and you will be still considered as a Bitcoin investor. Bitcoins are growing in price in each moment, so who knows when the 10$ will be turning into 100$.

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

..." I am now a Bitcoin investor" ..

In order to become a bitcoin investor, it is necessary to have at least basic knowledge about cryptocurrency and have money to buy a minimum amount of Bitcoins. This basic knowledge will help you not only create a wallet for storing Bitcoins, but also keep them safe so that they are not lost.

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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

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.

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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

Having some bitcoin on your wallet makes you a bitcoin owner but not necessarily a bitcoin investor, in order to become an investor of any kind of asset you need to have some skills related to the markets, some of those skills may include money management, risk assessment, fundamental analysis, technical analysis and a myriad of other skills we may need, if your friend has those skills then he is indeed a bitcoin investor, but if he does not have them then I do not think he can call himself an investor at all.

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Quote from: The Cryptovator on April 13, 2023, 03:22:01 PM

To become a Bitcoin investor, the only condition I can see is to accumulate at least 1 Satoshi. This is a unit of Bitcoin, and owning it qualifies you as a Bitcoin investor. You don't have to buy a whole Bitcoin to be considered an investor; just buy whatever you can afford. However, it's important to use a non-custodial wallet to secure your holdings. Before investing, it's also crucial to educate yourself more about Bitcoin.

It's going to be so expensive and troublesome to buy one satoshi that you might go with the flow and buy at least a restaurant meal worth of bitcoin. The fees to send 1 satoshi anywhere are much higher than the value of the "investment" and you can't and probably won't be able to buy anything for such a low amount of money.
Maybe technically someone owning 1 satoshi is a bitcoin investor, but you should at the very least aim at owning a spendable amount, like a worth of a cup of coffee, or a sandwich.
I'm saying this because if you own one cent, you're technically a holder of US dollars, but you can't buy anything with that, it's worthless.

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To become a Bitcoin investor, the only condition I can see is to accumulate at least 1 Satoshi. This is a unit of Bitcoin, and owning it qualifies you as a Bitcoin investor. You don't have to buy a whole Bitcoin to be considered an investor; just buy whatever you can afford. However, it's important to use a non-custodial wallet to secure your holdings. Before investing, it's also crucial to educate yourself more about Bitcoin.

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Quote from: Reatim on April 12, 2023, 10:50:53 PM

1 satoshi or 1 bitcoin if you keep them in your wallet and Hold then you are already an investor because you are trusting the coin and this market , and about the knowledge , there are different people who invests in bitcoin , some are those who have deep knowledge but there are also others that just trust this because of what they believe , this is investment world in which for 10 years and more now are serving people with decent income(of course those who trust this coin)

What differs one investor from another is just their size and relevance on the market. While some are small investors, others are average and there also the big investors, the whales, who have great influence on the market and can impact the prices positively or negatively with their buy or sell orders.
But in the end, all of them are Bitcoin investors who have put their hopes and expectations on it with the maximum sum of money they could afford.

Knowledge is another thing and isn't required in order to become a Bitcoin investor. Many investors don't know how Bitcoin works, its history or technical elements, but they still hold some satoshis or even some bitcoins on their personal wallets thinking on long term returns.

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Quote from: Weawant on April 12, 2023, 11:20:27 AM

An investor is someone who has invested in a particular assets like Bitcoin, gold etc. It doesn't matter how little or small you have invested or how big your investment was but we're all investors. Investors are then divided into different groups, from the low investors to the whales.

The whales are those investors who have very large amount of an investment that they can influence the market by selling their shares. Before you can become a Bitcoin whale you have to own thousands of Bitcoin but just by purchasing Bitcoin with as low as $1 you're an investor.

Been an investor has to do with your mindset so even though you don't have enough Bitcoin now but stay consistent in buying Bitcoin, at some point you would had invested so much into Bitcoin and Bitcoin would had rise to a price that would have given you enough God profit when you sell.

I agree that the amount doesn't really matter but even if it did, we are talking about 0.8 bitcoins here, that's a lot of bitcoins if you think about it, that's over 20k dollars of bitcoin and that should be considered a bitcoin investor. I don't care how much you invest into anything, I would consider you an investor even if you put 10 bucks into something, but if you invested 20k into anything at all then I would consider that as a n investor even easier because that's a lot of money.

By comparison let me tell you this way, I have never had 20k+ dollars in my bank at any moment in my life, that's more money than I have ever had in my bank account. That should tell you how much money it is for most parts of the world.

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In my opinion, the first thing to do to invest in BTC is, of course, our can buy it on an exchange or our can mine and so on. and i guess your friends must have learned about btc,
that's why he dared to invest in btc.
because I also used to have experience before investing, I will find out first about the investment we are going to go for, and what is certain is that other people will not know in detail what I am doing.
I think your friends will also find out about btc before investing but one thing for sure you will not know.

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1 satoshi or 1 bitcoin if you keep them in your wallet and Hold then you are already an investor because you are trusting the coin and this market , and about the knowledge , there are different people who invests in bitcoin , some are those who have deep knowledge but there are also others that just trust this because of what they believe , this is investment world in which for 10 years and more now are serving people with decent income(of course those who trust this coin)

Quote from: landheer on April 12, 2023, 09:47:27 PM

What is needed to become a BTC investor is, of course, sufficient knowledge, because if you don't have knowledge, of course there will be the potential for huge losses.

knowledgeable or not? you can be an investor mate as long as you are willing to risk to earn and sometimes we need to have this attitude in learning and earning.

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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 minimum amount of investment required to be considered an investor. You can call yourself an investor as long as you invest. But it's up to you if you're comfortable being referred to as an investor if your investment is only.0001 Btc. When we hear about an investor, we assume he has a large investment or a lot of money.

And if you are a Bitcoin investor, you must have a fundamental understanding of Bitcoin because you cannot invest if you do not.

landheer

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What is needed to become a BTC investor is, of course, sufficient knowledge, because if you don't have knowledge, of course there will be the potential for huge losses.

but I'm sure your friend will be able to handle his investment in BTC, because usually someone who wants to invest always learns about it first.
maybe even your friend will learn on his own from his own experience.
because experience is also a teacher who can certainly learn something from experience.

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Quote from: suzanne5223 on April 12, 2023, 04:09:09 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

Yes, if you buy some amount of Bitcoin you can be considered a Bitcoin investor but you can only be a genuine BTC investor if you understand the BTC market fundamental concept, potential upside, and down, risks, and the beauty of the BTC technology. Always invest for the long term.

So do you mean there is a fake Bitcoin investors? Does it mean buying Bitcoin even though the person does not have enough knowledge of Bitcoin economics is considered not a genuine Bitcoin investor? From when it is required to know all the aspect of investment to become a genuine investor? As far as it explains...

Quote

in·ves·tor
noun
a person or organization that puts money into financial plans, property, etc. with the expectation of achieving a profit.

Investors are people who put money with the expectation of achieving profit. It is all about profit and not about learning the fundamentals of what he is investing. It is important yes but it is not the factor that decide whether you are an investor or not, it is the money you put in.

So to become a Bitcoin investor, you need to inject money and acquire Bitcoin in hopes of profit.

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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

Yes, if you buy some amount of Bitcoin you can be considered a Bitcoin investor but you can only be a genuine BTC investor if you understand the BTC market fundamental concept, potential upside, and down, risks, and the beauty of the BTC technology. Always invest for the long term.
The second thing is: Knowing how to secure your investment. If you don't know to secure your wallet you can lose all your investment within a second.

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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

Firstly, 0.8 is certainly a very considerable amount of money to invest, the sort of money most people don't have at all. Secondly, I think one can technically call oneself a Bitcoin investor if this person owns (it could be bought, earned or obtained as a gift) some BTC and treats it as an investment (waits for the price/value to rise and expects to enjoy profits or at least a better deal than if keeping the money in fiat). It doesn't really matter how much a person invests, but treating Bitcoin as an investment rather than as money, for example, seems important to me.

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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

Do your own research and comprehend the risks if you're thinking about investing in Bitcoin or any other cryptocurrency. It's important to only invest money you can afford to lose in cryptocurrencies because they can be risky and their values can change quickly. You may learn more about Bitcoin and other cryptocurrencies through a variety of online communities and tools, including discussion boards, social media groups, and news and analysis websites. Look for platforms or exchanges that have a solid reputation for having clear fees, strong security measures, and responsive customer service when selecting one to buy and sell bitcoin on.

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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

Seems pretty basic to me, any amount of fiat used to buy bitcoin with a hope of appreciation of value over time is a bitcoin investment the amount should not matter to give apply the phrase. Now 0.8 BTC is a considerable amount for a first purchase in my local fiat so I hope the person bought at the low price and I hope they have a clear mindset about how to manage this asset in future in front of the changes in market.

Here again I am reminded of the common questions of "1BTC" - dont forget that fractional amounts of bitcoin bought is also bitcoin, we dont need whole number here. Whatever small your investment, it is the thought and the enthusiasm that counts not the number.

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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

An investor is someone who has invested in a particular assets like Bitcoin, gold etc. It doesn't matter how little or small you have invested or how big your investment was but we're all investors. Investors are then divided into different groups, from the low investors to the whales.

The whales are those investors who have very large amount of an investment that they can influence the market by selling their shares. Before you can become a Bitcoin whale you have to own thousands of Bitcoin but just by purchasing Bitcoin with as low as $1 you're an investor.

Been an investor has to do with your mindset so even though you don't have enough Bitcoin now but stay consistent in buying Bitcoin, at some point you would had invested so much into Bitcoin and Bitcoin would had rise to a price that would have given you enough God profit when you sell.

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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

As long as you own bitcoin, more or less it doesn't matter, and you use it to make a profit, then you are already a bitcoin investor. Investing means we are looking for profit, as long as you can make a profit, it doesn't matter who you are. I never thought about this because I don't want anyone to know that I am investing in bitcoin, and what I care about is how much money I will make with the bitcoins I hold.
By the way, your friend is holding a large number of bitcoins, tell him to protect them as best he can, it will be a huge fortune in the future.

big kid

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You can be called an investor as soon as you invest money in it. Even if you have 0.001 BTC or less. Just keep it not on the exchange.

Topic: What does it take to become a Bitcoin investor - page 5. (Read 886 times)