Topic: what is the key to your success investing in bitcoin.. (Read 1260 times)

The patient is surely needed, it is one of the keys to success in Bitcoin investment. But we must always update the information about the market and learn how Bitcoin price move. Although we understand the bullrun season probably happens after Bitcoin halving, we need to be careful about the change of trends in crypto. As we know that there is no guarantee for the same scheme to return, basically Bitcoin is unpredictable. So, we must have a second plan if everything doesn't happen as expected. So, it is not enough to rely on 'patience' only, we must be smarter to manage our strategy in Bitcoin investment.

even though it might sounds quite ridiculous but from my experience and seeing the history of majority that have scored good profit in investing in bitcoin.
you might see one same pattern that is most of them are just holding their bitcoin until the right time for cashing out their profits.
this strategy is so simple yet so potent, just find good entry for you to invest in like for example is the time when bitcoin got massive correction and lose about 80%.
from that on you just invest, and in the future you will get all the benefits and profits, heck even if you think about it, the one that accumulates at bitcoin massive dump early in previous year are already gaining good profits.

As long as I keep patience with my holding then I'm pretty sure that I can get profit in Bitcoin, although it's not guaranteed but the trend saying that we will reach new ATH after halving is done. I've once forced to sell my Bitcoin because there is an emergency case in my family and I needed some funds so I decided to sell my Bitcoin at a low price compared to when I bought it. 

All must experience losses in investing. If you have a question, when is the best time to invest in crypto? many investors are looking for secret tips for making big profits in the shortest possible time.

in fact actually there are no secret terms and their successful investors use special techniques which are actually not a secret what they do Of course buy low prices sell high prices even though it turns out it's not that easy.

Yes, we want to buy at a low price when the price is low? when is the right time to get the low price? Then there are investors who are smart, they read research, read market trends, read analysis and then become successful because they are experts, what about beginners?

So I want to give an illustration of the price of Bitcoin in 2017 the price is $17k btc, if in December 2017 you were offered a Bitcoin price of $17k you would say it was expensive, while the 2021 Bitcoin price was $65k, well you would say at that time it was expensive too. so when does it start? Imagine if in 2017 you bought btc then sold in 2021 you will get a huge profit at that time. so what you said was expensive back then it could be cheap today.

so the best strategy for investing is the DCA method, this is an investment practice that helps us invest regularly in the same period. if you are used to spending money monthly, go ahead, if you are used to it weekly, go ahead, weekly investment with the same amount continuously So there is a term averaging profit and loss on average you will still be profitable.

Even though the implementation method is very simple, the DCA investment method has lots of advantages, one of the advantages is minimizing the risk of loss. because of investment decisions with this method you don't need to think about rising prices or falling prices. The important thing for you is commitment to invest regularly for the long term, you don't need to read technical analysis. You don't need to do in-depth research on price movements as long as you understand the fundamentals you will make more informed decisions.

Bitcoin is suitable for long-term investments. And also it has the chance to save the money if fiat inflation goes too heavy. I don't think that any cryptocurrency can bring immediate profit, since they dont have tendency to become expensive fast.

do not hesitate to buy and take risks, losses are natural in investing. success cannot be determined because of following other people's words. if we see good potential it is an opportunity to develop assets. I only understand when I invest in bitcoin it means I believe in the future of my assets that I put there. but I always look at market conditions, if it's not possible I'll just take momentum.

We must have the right information before we begin investing in Bitcoin for this reason.Knowing a lot about Bitcoin can help someone feel more confident about it. Due to a lack of in-depth knowledge of Bitcoin, many people sell off their investments along the route despite having stated that they would keep onto it for a long time.Therefore, in order to invest in Bitcoin properly and achieve large returns, you must be aware of certain factors and have faith in it.


Many people are wary of borrowing money to invest in Bitcoin because of the risk involved. The Bitcoin is volatile, anything can happen to price, and you never know what will actually happen.so the price of Bitcoin price may fall at the exact moment you need it pay back the loan, making it difficult for you to repay the loan because you don't have another source to pay back and you may end selling it at lost. However, if you have other sources of income, taking out a loan to invest in Bitcoin is not a bad idea because the worst happen, you will be able to repay your debt. However, it is not recommended to invest more money than you can afford to lose.

This is really the right decision, but still, there are people that are struggling, meaning there are really good opportunities for them or they have a bright idea but they don't have money, and again, they can't afford to have a loan, which means that opportunity will slip away. If you can really pay for it, then why not? But other people are scared of risking things, and again, without risk, we won't be succeeding.

If we have the belief that bitcoin will continue to survive and shine in the long term then we must have the courage to invest and be patient, holding it for at least 10 years is the most important key to success, I once invested $200 worth of bitcoin in early 2016 then got a profit of more than 200% because in 2016 there was a halving day.

if you look at the price of Bitcoin from a long time ago I think there is no reason to sell Bitcoin assets when they experience a decline.
Bitcoin is always able to recover even if it takes a little longer, so when you decide to invest in Bitcoin, you have to be patient in waiting for the right time to take profits.

patience is the main key to get profit in investing in Bitcoin.
and panic when there is a price correction is bombereng to suffer losses.
before deciding to invest in Bitcoin there are a number of things that must be learned and avoided so as not to suffer losses, one of which is panic when the price is dropping.

I don't really understand the direction of this advice you are giving, because I never sell assets when I experience a loss except to just keep holding on until I find the profit I want. After all, it would be very wrong if someone sold assets when they suffered a loss, because he should have maintained that so that he would not suffer a loss.

Not even selling when you see yourself losing money, which is very strange in my opinion and very illogical for someone to want to do that to himself. Even though the purpose of his investment is to have a better profit, but how come he wants to sell when facing a loss. That type of person is actually not the typical investor with a high level of patience and is not very suitable to be a long-term investor if he still thinks of selling when he sees a loss in front of his eyes.

You can also borrow money to invest but make sure that you will repay the loan even if your investment fails, and for that, you need a steady income job. I am not too strict with borrowing money for investment or business because sometimes the opportunity will slip away, and it will not wait for us if we do not catch it. But we should calculate and come up with the worst case scenario we will face, if we can handle that worst case scenario, then getting a loan won't be a problem.

there are also instances that they need to because they don't have enough money to invest though it is not good practice to take out a loan for investment as long as you can pay it and know the consequences which you reall think of it then take it but so long that you know you are investing for and you know the risk on it and how to prevent losing it but if you can save then it is better but this will take time

I spend money to brighten my future life by investing in bitcoins. And when I invest in Bitcoin I hold it for the long term as a future asset. And I bought and held Bitcoin at a time when the market was in a bearish position. And the Bitcoin market is much higher right now than it was then. I'm not impatient but I have confidence in investing by being patient and I believe in Bitcoin. From the position I invested in Bitcoin now I have no loss there but some amount of profit. If you want to invest in Bitcoin, you first need to do some market analysis and seek wise advice. And later you buy when the price of Bitcoin falls and hold for a long time without any loss or damage.

Unlike so many people who sees bitcoin investment as a very big work or problem to solve. I do not approach bitcoin investment from that Angle. I do not even make any calculations or reading of arbitrary charts in order to invest in bitcoin. My strategy remains same, whenever there is a major bull market, I will stop investing in Bitcoin. But when it is bear market like this period, I do my weekly DCA and I do not mind the direction of the market because I know it is overall bear and I am investing what I am able to lose.

No cryptocurrency investor who hasn't experienced what you refer to as bitcoin investment losses. The bitcoin price has gone against everybody at a particular time, but the difference between a lower and a gainer is selling and holding at loss respectively.

You are right, the income from us trading sometimes we get a hefty profit, or even we experience unexpected losses. Meanwhile, meeting the needs of life must be there every day, we cannot wait until we benefit from trading to meet our needs. Moreover, trading also requires a lot of capital. The reason is that with a small capital, the profit we will get will also be small, and when our capital is large, we will get a commensurate profit.
We cannot risk our lives on unstable income, especially if we already have a family to support.

Key to success in investing in Bitcoin is to do thorough research and understand the risks involved in investing and have a long term investment strategy. It is important to always keep on your mind that investing in Bitcoin, like any other investment, comes with its own set of risks and its important to only invest what you can afford to lose. There is really no one-size-fits all in investment success. Your success will depend on how well you understand and study the flow of the crypto currency market. Sometimes investors tends to gamble if the lack of understanding and information.

always know that accumulating bitcoin when it is still relatively low in term of value is a good thing, when it got discounted off due to the correction, accumulating is definitely the right way to do, but of course we all know doing such accumulation is like catching a falling knives, but know that what's more important than that is the fact that you could be having the patience and capability of holding for long term so even if the market didn't go your way you could still be patient enough to just hold it because it's already proven that the holders always win at the end of the day.
other than that maybe you should try investing into some other coin not only bitcoin through some diversification that way you will also get some good profit along the way, even staking could also be your option.

True. You will never be successful in one’s investment if you don’t have a stable source of income that will support your investment, as borrowing or taking a loan is a very bad idea especially for beginners who have less knowledge and no experience at all. And when you decide to invest, never think how to make profits but always think on how to stay long on your investment. That is way better than to expect real quick profits and end up disappointed and regretting.

Bitcoin investment can bring big profits but also make you lose everything, so invest only with money you can lose, and it won't affect your life. And crypto market is cyclical, though it is very difficult to determine length of bear or bull cycle but every cycle eventually comes to an end. It's important to have a clear understanding of the risks and rewards of holding Bitcoin or any other cryptocurrency. It's also important to have a solid plan and strategy, and control your emotions, and the most important thing to success in Bitcoin investments is patience. It's not easy, it takes a lot of patience and discipline to hold on to your investments even during a bear market. It's like a test of your emotional and mental strength.