what is the key to your success investing in bitcoin.. - page 3.

Distinctin

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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.

Personally, i would advise you to believe in bitcoin first and everything good will follow eventually. Regardless of how the market will be, you will not be easily triggered with the pressures around and that will make you stay long in bitcoin. With proper determination and strong resilience, that would be good enough to withstand all the trials with investing in bitcoin.

Mahanton

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Quote from: Asiska02 on January 20, 2023, 04:59:19 PM

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

and I want to ask if you have ever experienced investment losses in bitcoin?

I doubt that no one has ever lost money after investing in bitcoin at this point and in this state. These losses are warning signs and lessons to avoid red flags after investing in order to know when to sell, hold, or buy more. Most people will always be at a loss if they do not have compatible knowledge of this.

We could still have that negative losses but those arent realize unless if you do close up a certain trade but if not then those are still tentative and still not considered losses if it wasnt finalized.
It is really just that it is really hard to make yourself that emotionally stabled when you do see the price is plumetting.It is really just normal since we are just humans which does have emotions
and seeing our money is decreasing which we would really be having that normal reaction when it comes to this.So the key on success on investing on bitcoin is to be that emotionally stable
in regards with your investment and dont easily freak out or panic in.

Ryu_Ar1

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For now maybe I can still be said to be new to bitcoin but I still emphasize to myself that I have to try to hold back as long as I still don't get any significant problems and my finances are still quite stable as long as I still don't get the results I expected. will still hold on to this.
On the other hand I always encourage myself as long as I still have extra money I will continue to buy especially with the current condition of bitcoin even though they are now at $ 22k.
Waiting for the right moment under obvious other options makes me a little more motivated.

Asiska02

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

and I want to ask if you have ever experienced investment losses in bitcoin?

I doubt that no one has ever lost money after investing in bitcoin at this point and in this state. These losses are warning signs and lessons to avoid red flags after investing in order to know when to sell, hold, or buy more. Most people will always be at a loss if they do not have compatible knowledge of this.

Russlenat

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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.

If you have less experiences with bitcoin, then it’s less likely to make you a successful investor. Because we all know that experience will always be the best teacher not only when it comes to investments but certainly in all aspects of life. And also, discipline and patience, because if you don’t have that, even if you get a lot of profits from bitcoin but as long as you never secure your finances and you tend to be more greedy most of the time, still you will never be successful in the end.

Vaculin

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Winding down.

Quote from: serjent05 on January 16, 2023, 04:36:51 PM

It was said that the key to our success in investing in Bitcoin is to have knowledge about Bitcoin. We should know and understand the technology behind Bitcoin. We must do our own research and just don't rely on hearsay. Bitcoin is a marathon so we should have a long-term perspective. We must know when to buy, when to sell and when to accumulate. We should always be prepared for any volatility of Bitcoin in order for us not to panic sell and be calm when crashes happen. We should always keep ourselves updated about Bitcoin and its regulation since regulation may change from time to time and ignorance about it may incur losses to our Bitcoin portfolio.

Just keep updated about bitcoin and you will never incur losses in the process. And it’s really important that you also have significant experiences investing in bitcoin even initial losses because that will teach you lessons that will help you to be more successful investing in bitcoin.

Kasabus

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Quote from: Maus0728 on January 11, 2023, 06:28:13 AM

Get a job, at the very least, or add another source of income. If you don't have extra cash to risk on a highly volatile asset, you can't just buy bitcoin. In addition, exercise discipline in all financial decisions, just as you would in any other area of the market for investments. And more importantly, improve your security and privacy to protect your hard earned money.

That is how you stay in the long run.

You should have a stable income in the first place if you wish to invest and stay long term with bitcoin knowing bitcoin will never guarantee as a source of living. And it’s price will always be unpredictable so if you are just here for quick profits, I should say that it won’t work in bitcoin. Also, investing in bitcoin also has a high risk and if you are not ready to lose, it’s best not to invest in bitcoin and focus on real in demand businesses offline.

Ayebabara

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Bitcoin is a recent and newly invented by Satoshi in 2008 and Launched in 2009, and before the invention of bitcoin people were becoming successful in businesses through different kind business both investment and real estate. You OP saying that bitcoin investment will be the key to one success is very wrong. I won't agree with you for that because success is not tired to one particular business or investment. As it is in the world many people are getting money every day and night form other things they do. The way I understand bitcoin, it is a digital currency for the exchange of goods and services and it is also a digital asset. The only difference is that it's value is higher than other currencies in the globe.

Lanatsa

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Quote from: Davidvictorson on January 20, 2023, 02:01:51 PM

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?

This is an unpopular opinion but my key a successful investment in bitcoin is that I ask a lot of questions. I have friends who are more knowledgeable than me in bitcoin and cryptocurrency. So when I encounter an issue, I run to them and I bug them with questions. I also try to read a lot on my own too, it helps me not to sound silly when asking questions. This is what has helped me to be successful because I have learned from their mistakes and I avoid making it.

Its not bad to ask into our friends but only into those things which you cant really be able to search online specially on some personal real time experience on investing with BItcoin or with other crypto.

There are people who are really that not too confident on doing so or they do tell to themselves that they would only learn for themselves or simply having that self learn behavior which it isnt bad either.
But its not bad to look up for some help into those someone who do have been here on this market for years which we cant deny that they do have really that experience and awareness
which you could really ask on and would add up into your own personal knowledge too.

Davidvictorson

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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?

This is an unpopular opinion but my key a successful investment in bitcoin is that I ask a lot of questions. I have friends who are more knowledgeable than me in bitcoin and cryptocurrency. So when I encounter an issue, I run to them and I bug them with questions. I also try to read a lot on my own too, it helps me not to sound silly when asking questions. This is what has helped me to be successful because I have learned from their mistakes and I avoid making it.

Smartvirus

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Quote from: Anonylz on January 20, 2023, 01:36:05 PM

Buy at a bear market, sell at a bull run,

It really all goes down to this but the ways to functioning on that principle is distinct per individual because, even as simple as it looks, its never an easy thing to do.

With Botcpon yet to serve a completely currency purpose, having liquidity issues, lack of merchants willing to accept it for a means of payment and the issue with global adoption, using it for an asset has been the way and to do this, one needs to develop certain qualities to ensure your not selling when you shouldn't. Even if you should want to sell, it's got to be the only option out of a situation.

Patience is such a good quality to develop at that point but, its surely that doesn't come out cheap and you've got to at least have other streams of income to keep you going. While keeping tabs on price which is a horrible idea, you ensure to buy no matter the market condition and focus your expenses on other streams of income to keep you off your crypto portfolio.

$crypto$

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Quote from: Anonylz on January 20, 2023, 01:36:05 PM

I can only see one sure key to a successful btc investment...
Buy at a bear market, sell at a bull run, and don't be a fool to want to claim to have a diamond hand when you have the opportunity to sell and repeat the process over and over again.
There is no other strategy that works better than this one.

Opportunity will come much longer in bitcoin so before flying the price must have bought when it was bearish and this is a good time to start the process while waiting for another bullrun to come.
But everyone has a different plan, but the simpler one is being bearish, we enter when the bullrun arrives, take profits.
But with diamond hands they will be motivated to hold on long term.

Anonylz

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I can only see one sure key to a successful btc investment...
Buy at a bear market, sell at a bull run, and don't be a fool to want to claim to have a diamond hand when you have the opportunity to sell and repeat the process over and over again.
There is no other strategy that works better than this one.

Dickiy

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Everyone has their own strategy for investing in bitcoin to maximize their profits, Hodl is the key, but sometimes we have to wait a long time, especially if we jump at a high price, but the fear when the market is falling always creates panic and we are forced to sell bitcoin. at a low price.
What might be the key for me is not to panic in any situation because my target is halving, maybe if it wasn't for that I would panic in the market especially if the halving belief was lost within myself.
Confidence is the main key for long-term holders, so far it is the best key I think.

mvdheuvel1983

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One of the keys to successfully investing and staying in bitcoin is to not be greedy and know when to take profit. You do not want to hold forever. Knowing when to take profit is a success trait of every bitcoiner.
Always take advantage of the dips. It is an opportunity to purchase more bitcoins. It is a key to success. Follow your gut, intuition, after the dart board and technical analysis has been done and never regret it.

Ziskinberg

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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.

Rana590

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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.

CryptounityCUT

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Because crypto market is young and earlier investors pop in early enough so the market made them successful. But in reality half of this guys doesn't know enough about awareness about BTC. Nobody knows in front what the dip will be, but you can apply some strategies which can make you a better spot on the floor. Currently is about 4% in crypto and half of them don't even know what is happening, so my thought is why don't we focus on education and start from the bottom.

Sanitough

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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.

Personally, the only key to be successful in any investment is faith. Because if you don’t have that, you will never take big risks and will always have fears from losing, most especially if you are in a highly volatile investment. And with faith comes focus and resilience. Since you want to withstand all the difficulties that the investment could bring, that makes you become patient in the process while waiting for your investment to boom and succeed.

serjent05

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It was said that the key to our success in investing in Bitcoin is to have knowledge about Bitcoin. We should know and understand the technology behind Bitcoin. We must do our own research and just don't rely on hearsay. Bitcoin is a marathon so we should have a long-term perspective. We must know when to buy, when to sell and when to accumulate. We should always be prepared for any volatility of Bitcoin in order for us not to panic sell and be calm when crashes happen. We should always keep ourselves updated about Bitcoin and its regulation since regulation may change from time to time and ignorance about it may incur losses to our Bitcoin portfolio.

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