what is the key to your success investing in bitcoin.. - page 2.

MFahad

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Quote from: Solokan on January 11, 2023, 05:34:19 AM

but in reality there are so many people who sell when the price drops, even though they have to take the risk of loss.

Those people who sell bitcoin when the price is low will have some percentage of benefit because no one wants to lose their money so when they buy the Bitcoin may be at that time the price was lower than the price of selling so we don't know about the other person that why he does so.

Also individuals that sell at lower prices may have not enough knowledge of holding or maybe they are afraid of Losing more money than this. It is necessary to hold your bitcoin for at least 5 to 6 years after that if in bull run you want to sell it then it will be profitable for you.

ichsan ardi

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Quote from: Solokan on January 11, 2023, 05:34:19 AM

everyone definitely wants to be successful in investing, especially in bitcoin. and of course it is not easy to achieve success in investing, even though it sounds easy to invest in bitcoin, for example as follows:

: buy at a low price sell at a high price.

: must hold strong, and do not sell it when the price drops.

but in reality there are so many people who sell when the price drops, even though they have to take the risk of loss.

I, who don't have much experience in bitcoin, want to ask what is the key to your successful investment in bitcoin?
and I want to ask if you have ever experienced investment losses in bitcoin?

I hope my post is useful for me and all in this forum.

remember that in investing there must be such a thing as a loss, not just in bitcoin investment, other investments are also like that and there is no such thing as an investment that can guarantee 100% return. In my opinion, the key to success in investing in bitcoin is patience. I plant words like if we can't hold back, we won't be able to be rich. Words like that are my motivation when the market is falling, and those words make me think about cutting my coin loss. why don't I buy more coins when the price is falling (discount). that's what made me successful in the world of bitcoin investment.

ringgo96

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the key to success in investing is something that is difficult for people who panic easily in dealing with situations we don't want, for example when we are experiencing a loss in investing, don't be easily swayed by big losses that can eliminate all the assets we have because that will never happen. especially bitcoin, so don't ever panic when a decline occurs, stay upright and patient until the price returns to normal and be sure that a price increase will definitely occur again, this is our main key in investing.

Jocuserious

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My investment of btc was successful ranger 2017 year but after that i forget. I think profits step depend buying time so you can earned btc whole buy dip price. Remember btc not a stable coin so price up or down her own life so we couldn’t change them. Look them btc chert catagery which you can understand buy times.

Paul Pogba

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The biggest success when I invested bitcoin occurred in 2017, I knew bitcoin since 2015 and I used to use it for cloud mining, at that time I easily earned bitcoin from faucets and I collected up to more than 5 btc, at the end of the year I sold 3 btc worth more of $45k which I think is big money.

Litzki1990

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Quote from: Solokan on January 11, 2023, 05:34:19 AM

: buy at a low price sell at a high price.

If you want to buy at a low price and sell at a high price, you must first have an understanding of the market. We need to understand when the market can reach the minimum. If we understand the movement of the market, we can buy at the minimum and sell at the maximum. So we need to understand the market first.

Quote from: Solokan on January 11, 2023, 05:34:19 AM

: must hold strong, and do not sell it when the price drops.

To be successful in investing, we need to have a mindset of holding. Even if the price of the invested coin drops for some time, don't be disappointed, have to be patient and wait for good times.

Quote from: Solokan on January 11, 2023, 05:34:19 AM

I, who don't have much experience in bitcoin, want to ask what is the key to your successful investment in bitcoin?
and I want to ask if you have ever experienced investment losses in bitcoin?

Investors invest as they gain and lose. Profit and loss are part of investment. We have to invest in thinking that money is at risk. If you have enough knowledge about investments and the ability to be patient, the chances of profiting from investments are high.

xSkylarx

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Quote from: nara1892 on May 14, 2023, 01:02:47 AM

Quote from: xSkylarx on January 20, 2023, 11:46:13 PM

Quote from: autumnleaf on January 20, 2023, 07:58:04 PM

To generate money, I believe investing in Bitcoin must be a secondary source of income, or at the very least something you do when you have extra cash. You must concentrate on a source of passive income, such as a regular employment or business. HODLing is essential since investing in Bitcoin is risky and volatile but it pays off handsomely over the long run.

Others made Bitcoin as their primary income like trading and also they are holding but it is risky as it is very volatile that is why others are still working and at the same time they are investing their extra money from salary on bitcoin. Others was also transitioning from saving money from piggy bank or depositing money on banks they will now be buying bitcoin as the profit is very high and they took the risk of holding it in the long run. Though holding is very difficult if you cant control your emotions that is why you need to have to control your greed and emotions so that you will not bail out.

Making investment or trading bitcoin as the main source of income is a very risky thing. Because in investing we have to be able to hold on for a long time, and when we hold on to our assets, of course we have to meet our daily needs. As for trading, we all know that trading is something that carries a very high risk of losing, we cannot expect to make a profit every time we trade, because it will affect our emotions.
So for me having a job and steady income is a must, we can use investment or trading as additional income, it's safe for our finances.

Even my self i dont want to go full time on trading but who knows if i do have a proven track record for 2 years in trading then that's a good chance but for now you are going up and down so you need to have stable income. I think there are professional traders that are fulltime on it and also their entry are not small amount its always huge that is why they gain huge profit as well as loses.

vanesha

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do not be greedy. i understand how bitcoin make money fast but its still suitable for greedy people. people are greedy when investing in bitcoin it will only destroy their money. taking the decision to buy bitcoin at fluctuating prices was a mistake. Another thing you can do is be consistent with your profit target and stay with the community so you don't miss investment news.

Altryist

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Quote from: nara1892 on May 14, 2023, 01:02:47 AM

estment or trading bitcoin as the main source of income is a very risky thing. Because in investing we have to be able to hold on for a long time, and when we hold on to our assets, of course we have to meet our daily needs. As for trading, we all know that trading is something that carries a very high risk of losing, we cannot expect to make a profit every time we trade, because it will affect our emotions.
So for me having a job and steady income is a must, we can use investment or trading as additional income, it's safe for our finances.

The main source of income is very important, let it be a job or a business that can generate a stable and predictable income. Trading for me is not associated with the concept of a stable income, because in one month I can get a very good profit, and then just wait for several months, because I do not trade every day.

It is the same with investments, this is an investment of money for a long period and I do not expect to get a quick profit from this, so a stable income that I can receive from my business is very important to me. Investments will be successful if you can leave them for a certain time without intervention.

eXtremal

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not rush into making decisions to buy , hold , and sell . think wisely and maturely when you do it. because it affects your assets, and it also affects how you feel emotionally. if at that time you were stable, you would definitely be calm with that decision and sure that you would get success here. Unfortunately what I have encountered, they are greedy when the coins they buy go up so they forget the resistance limit of the coin.

nara1892

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Quote from: xSkylarx on January 20, 2023, 11:46:13 PM

Quote from: autumnleaf on January 20, 2023, 07:58:04 PM

To generate money, I believe investing in Bitcoin must be a secondary source of income, or at the very least something you do when you have extra cash. You must concentrate on a source of passive income, such as a regular employment or business. HODLing is essential since investing in Bitcoin is risky and volatile but it pays off handsomely over the long run.

Others made Bitcoin as their primary income like trading and also they are holding but it is risky as it is very volatile that is why others are still working and at the same time they are investing their extra money from salary on bitcoin. Others was also transitioning from saving money from piggy bank or depositing money on banks they will now be buying bitcoin as the profit is very high and they took the risk of holding it in the long run. Though holding is very difficult if you cant control your emotions that is why you need to have to control your greed and emotions so that you will not bail out.

Making investment or trading bitcoin as the main source of income is a very risky thing. Because in investing we have to be able to hold on for a long time, and when we hold on to our assets, of course we have to meet our daily needs. As for trading, we all know that trading is something that carries a very high risk of losing, we cannot expect to make a profit every time we trade, because it will affect our emotions.
So for me having a job and steady income is a must, we can use investment or trading as additional income, it's safe for our finances.

Vishnu.Reang

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The key to our success investing in bitcoin is:
1. Do well research and homework before investing on something your hard earn money. Understand what you are investing in
2. Manage your risk. If you have double or triple income source then you can invest from one of your income source.
3. Do not rely on other people.
4. Don't invest more then you can afford to lose.
5. Remember the past is past.
If you have such ability to mange loss and profit, if you are not dependable on anyone for anything then yes there is still chance to get huge benefit from bitcoin.

slapper

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Quote from: xSkylarx on January 20, 2023, 11:46:13 PM

Quote from: autumnleaf on January 20, 2023, 07:58:04 PM

To generate money, I believe investing in Bitcoin must be a secondary source of income, or at the very least something you do when you have extra cash. You must concentrate on a source of passive income, such as a regular employment or business. HODLing is essential since investing in Bitcoin is risky and volatile but it pays off handsomely over the long run.

Others made Bitcoin as their primary income like trading and also they are holding but it is risky as it is very volatile that is why others are still working and at the same time they are investing their extra money from salary on bitcoin. Others was also transitioning from saving money from piggy bank or depositing money on banks they will now be buying bitcoin as the profit is very high and they took the risk of holding it in the long run. Though holding is very difficult if you cant control your emotions that is why you need to have to control your greed and emotions so that you will not bail out.

Bitcoin and other cryptocurrencies are risky due to volatility. Make lots of money. Examine the pros and drawbacks before choosing. Some bitcoin investors have retired and lived off their money. Investing in a poor market requires patience and discipline. Mental and emotional testing.

A Norwegian man forgot about his 2009 Bitcoin purchase. He discovered his Bitcoin investment was worth $886,000. He kept it during the weak market and now benefits. Investors who left during the bad market missed the bull run.

Bitcoin's risks and benefits must be understood. Be calm and prepared. Because it's about the journey and the lessons you'll learn, not simply the money.

Sayeds56

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Quote from: Minecache on January 21, 2023, 01:04:11 AM

Quote from: xSkylarx on January 20, 2023, 11:46:13 PM

Quote from: autumnleaf on January 20, 2023, 07:58:04 PM

To generate money, I believe investing in Bitcoin must be a secondary source of income, or at the very least something you do when you have extra cash. You must concentrate on a source of passive income, such as a regular employment or business. HODLing is essential since investing in Bitcoin is risky and volatile but it pays off handsomely over the long run.

Others made Bitcoin as their primary income like trading and also they are holding but it is risky as it is very volatile that is why others are still working and at the same time they are investing their extra money from salary on bitcoin. Others was also transitioning from saving money from piggy bank or depositing money on banks they will now be buying bitcoin as the profit is very high and they took the risk of holding it in the long run. Though holding is very difficult if you cant control your emotions that is why you need to have to control your greed and emotions so that you will not bail out.

If we want to survive in the market, we need at least 1 or 2 sources of income other than cryptocurrencies because the market is very volatile, and it is not always possible to profit from it. Investing in bitcoin should not be considered a major source of our income.

Also, I don't think using savings or bank deposits to invest in bitcoin is a good decision, you need to consider that it is money that you will not use in the future or for emergencies. 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.

It is right strategy to have more sources of income to be successful in crypto market, as it is difficult to generate any profit when market is bear cycle, unless you are a professional trader. Having always extra funds enables you to take advantage of bear run and maximize your Bitcoins and book huge profit in bull cycle.
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 and doesn't continue for ever.

tygeade

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Quote from: Ziskinberg on January 20, 2023, 09:46:49 AM

Quote from: Rana590 on January 17, 2023, 01:27:28 PM

Firstly, proper knowledge about Bitcoin and crypto market is needed to invest. Secondly, market analysis, buying zone should be implemented in right time. Thirdly, patience is an important factor after investing on Bitcoin. Buy low, sell high is still popular and anyone can implement this strategy but holding can bear good amount of profit.

You have said it right, mate. But there is one thing in common with why many investors fail to gain success and that is the third one - impatience. This thing could trigger a lot of changes even though you are good at 1st and 2nd, all of these things will change direction as it will badly affect the mindset and decision-making. This is the thing I've found when I recall what I did before, in fact, even now sometime I become impatient. There is no other thing that we need to practice more and become a habit and this is how to become strong and patient.

I agree that it's definitely something that takes a bit of time for people to get a hold of. Patience is a difficult thing to master if you do not have it, or you could be a boring guy like me, who doesn't care and that type of ignoring it causes you to look like you could wait for decades and it's a success when in reality you just don't feel the need.

I bought bitcoin many years ago, and I have been buying ever since, and I never had the need to sell, not because I am patient person or something like that, it's because I just don't need the money now, and don't have any reason to sell, so why would I feel anything when it goes down? If you have that like me, then it becomes much easier to wait the storm out.

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Quote from: xSkylarx on January 20, 2023, 11:46:13 PM

Quote from: autumnleaf on January 20, 2023, 07:58:04 PM

To generate money, I believe investing in Bitcoin must be a secondary source of income, or at the very least something you do when you have extra cash. You must concentrate on a source of passive income, such as a regular employment or business. HODLing is essential since investing in Bitcoin is risky and volatile but it pays off handsomely over the long run.

Others made Bitcoin as their primary income like trading and also they are holding but it is risky as it is very volatile that is why others are still working and at the same time they are investing their extra money from salary on bitcoin. Others was also transitioning from saving money from piggy bank or depositing money on banks they will now be buying bitcoin as the profit is very high and they took the risk of holding it in the long run. Though holding is very difficult if you cant control your emotions that is why you need to have to control your greed and emotions so that you will not bail out.

If we want to survive in the market, we need at least 1 or 2 sources of income other than cryptocurrencies because the market is very volatile, and it is not always possible to profit from it. Investing in bitcoin should not be considered a major source of our income.

Also, I don't think using savings or bank deposits to invest in bitcoin is a good decision, you need to consider that it is money that you will not use in the future or for emergencies. 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.

Aanuoluwatofunmi

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Holding is one of my keys to having a successful experience with bitcoin, using a decentralized exchange is another one to help you have maintain being private while continuous learning is what guarantee growth together with your crypto experience, you need to exercise being patient as well while holding, theirs always a time for everything, many investors don't wait for the maturity to their investment before selling off, lastly invest larger percentage of your asset on bitcoin and avoid risk on loosing by adopting dollar cost averaging technique.

xSkylarx

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Quote from: autumnleaf on January 20, 2023, 07:58:04 PM

To generate money, I believe investing in Bitcoin must be a secondary source of income, or at the very least something you do when you have extra cash. You must concentrate on a source of passive income, such as a regular employment or business. HODLing is essential since investing in Bitcoin is risky and volatile but it pays off handsomely over the long run.

Others made Bitcoin as their primary income like trading and also they are holding but it is risky as it is very volatile that is why others are still working and at the same time they are investing their extra money from salary on bitcoin. Others was also transitioning from saving money from piggy bank or depositing money on banks they will now be buying bitcoin as the profit is very high and they took the risk of holding it in the long run. Though holding is very difficult if you cant control your emotions that is why you need to have to control your greed and emotions so that you will not bail out.

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Quote from: Solokan on January 11, 2023, 05:34:19 AM

I, who don't have much experience in bitcoin, want to ask what is the key to your successful investment in bitcoin?
and I want to ask if you have ever experienced investment losses in bitcoin?

Not just bitcoin, when you invest in any field or do anything, the only way to success is knowledge. Only when you have knowledge will you know what you should and shouldn't do to achieve success. There is no secret formula for success when investing with bitcoin, all you need is knowledge. So instead of trying to find tips or shortcuts to get rich quickly, you should focus on gaining knowledge and spending more time on bitcoin.

autumnleaf

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To generate money, I believe investing in Bitcoin must be a secondary source of income, or at the very least something you do when you have extra cash. You must concentrate on a source of passive income, such as a regular employment or business. HODLing is essential since investing in Bitcoin is risky and volatile but it pays off handsomely over the long run.

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