What does it take to become a Bitcoin investor - page 7.

Zaguru12

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Quote from: Edcrypto91 on April 07, 2023, 12:50:51 AM

At that point I go this question in mind ;what does it really take to become a Bitcoin investor .

An investor according to Oxford dictionary is a person that puts money into anything with the belief of having a financial profit in the future. This clearly shows that your friend is a bitcoin investor by nomenclature. But with bitcoin there’s more and that is to it than other investments. For one to be a proper investor of bitcoin although it was just a payment gateway according to satoshi, then one needs to learn lots like it’s security and also the trading abilities of it like when to buy and when to sell these coins. The kind of exchanges to deal with and also the kind of wallets to store them in.

SOKO-DEKE

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Quote from: Edcrypto91 on April 07, 2023, 12:50:51 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

All investors are call investor either your investments is small or big,so same thing applicable to Bitcoin investment.no portion of Bitcoin investment is too small to be call Bitcoin investor, sofar you are owning some Bitcoin in your wallet, you are Bitcoiner.

At this level of Bitcoin price is not everybody that can afford to get more BTC or even afford one.it was does early years of Bitcoin introduction that many people can afford to get many Bitcoin because it was cheaper by them, just imagine that does that have Bitcoin worth $15k now that it is not even up to 1BTC and just imagine the portion of Bitcoin the person will could been holding by the early years the price was cheaper. So your $100k worth of Bitcoin can turn to $1k in future and that Bitcoin investment for everyone

rat03gopoh

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Quote from: Edcrypto91 on April 07, 2023, 12:50:51 AM

what does it really take to become a Bitcoin investor

Of course, money. Then (in layman's terms) digital devices to access, manage, and store bitcoins such as gadgets, PCs, laptops, HW wallets, etc.
And another important thing is vigilance for even close people, your friend doesn't do it so you know exactly he has bought 0.8 btc. Don't say that he also mentioned to everyone that he "stores" his bitcoins on an exchange.

Strauss001

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Personally, I think there's definitely more to it than just buying and holding some Bitcoins. Sure, owning a considerable amount can make anyone feel like an investor, but there's a lot more to know and learn about the crypto world if they really want to consider themselves a investors.

CarnagexD

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I think once you've bought bitcoin, you are already investing in it especially if that what's on the top of your mind. We buy bitcoin as a long-term investment, hoping to profit from potential increases in its value over time. But I think what's more important in being a bitcoin investor is when you educate yourself on how bitcoin works and the risks and potential rewards associated with investing in it. You can find many online resources, such as websites and forums, that provide information on bitcoin. Also, since bitcoin prices can be highly volatile we monitor our investment regularly and that's what a usual investor do.

Latviand

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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.

Bananington

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Quote from: Edcrypto91 on April 07, 2023, 12:50:51 AM

At that point I go this question in mind ;what does it really take to become a Bitcoin investor .

The qualities required to become a successful investor in bitcoins is close to the same qualities required to be a successful investor in other ventures. To become a successful bitcoin investor, you have to possess some qualities which include; consistency with a strategy to continue investing and not just the one time purchase you make, patience to keep your investment until you can meet the target you have set for yourself, Self control especially emotionally not to respond or react to every news on the media about Cryptocurrency.

Wexnident

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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.

bitzizzix

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I hope he learns the basics and the risks involved when investing in bitcoins because they are so important, and for any other knowledge. And your friend can find it and experience it from time to time because he does it in theory and practice which will add to his knowledge when he finds new things he has to learn.

and to become a bitcoin investor there are no special requirements, apart from having sufficient knowledge and buying it in any amount and that is the most important thing for a smooth investment.

woez

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In my opinion, To become a Bitcoin investor, one must first acquire Bitcoins. This can be done through cryptocurrency exchange, peer-to-peer trading, or mining. Once you have earned your Bitcoins, you can then store them in your digital wallet or trade them on an exchange for other cryptocurrencies or fiat currencies.

If only by owning Bitcoin but not automatically making someone as an investor. As we all know, Investing in Bitcoin requires a deeper understanding of the cryptocurrency market, including its trends, risks, and potential growth opportunities. It is important to stay up to date with industry news and developments, and have a solid understanding of the technology behind Bitcoin and how it works.

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Quote from: Edcrypto91 on April 07, 2023, 12:50:51 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 obligation to invest any specific amount to become a Bitcoin investor. I see your friend has made a bitcoin investment and it is quite a good amount. And if he holds it for long term then he has the potential to earn a huge profit from it. Maybe because of this excitement your friend has said that he is now a Bitcoin investor. Besides having basic knowledge in Cryptocurrencies, I think being regularly informed about the current world news will help someone who wants to trade or invest on a regular basis.

hd49728

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Quote from: Edcrypto91 on April 07, 2023, 12:50:51 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"

It is a start of story and to become a Bitcoin investor, your friend need to go through more things which are challenging.

Quote

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 actually become a Bitcoin investor, you must have enough knowledge about basics of Bitcoin, how to store your bitcoin safely in what wallet, how to check transactions in your wallet or on block explorers to not panic when you move your bitcoin and it does not go to receiving address.

You must experience market bull and bear as well as fud. After all, if you still hold your bitcoins, still have belief in bitcoin, you are actual Bitcoin investor.

Tytanowy Janusz

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Who cares about nomenclature in this case? it doesn't matter.

Unless someone has not achieved anything in life and has not finished any school and being a "bitcoin investor" is the only thing he can say about himself. Because it is much better to say about yourself that you are a civil engineer, or a master of mathematics, or a doctor of internal medicine, or even a father and husband. If 10 000$ invested in bitcoin is all you achived in your life ... you can call yourself a "bitcoin investor" because you have nothing better to say about yourself.

Asuspawer09

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Invest your money in Bitcoin, If you buy a Bitcoin or own a Bitcoin! Congratulation there you go you are now Bitcoin investors. Being a Bitcoin investor doesn't have any specific amount of Bitcoin that you need to own you just need to own a Bitcoin that doesn't need to be 100$ even with only a 1$ investment in Bitcoin You can call yourself a Bitcoin investor already.

Of course, you're gonna need basic Bitcoin knowledge so that you know how to buy Bitcoin, the strategy for your investment, you know what you buying or investing your money into, etc.

Edcrypto91

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You are an anonymous friend if you promote Bitcoin

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

Topic: What does it take to become a Bitcoin investor - page 7. (Read 896 times)