what is the key to your success investing in bitcoin.. - page 7.

Kelvinid

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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.

This will happen if your mind was beaten by your emotions and uncertainties. I know selling can be an option and it depends on the holder but selling even though you know it was a loss, that was a decision and you have suffered for it. In this case, we can't blame the market but blame ourselves because we are impatient people. Because if we only understand the volatile nature of the market, I'm sure that everyone will grow and reach their plan but somehow, people fail because of their emotions and weakness when the market crisis comes.

And in order to succeed, then we have to correct all of the mistakes we have done and focus on how to face the reality.

aoluain

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Quote from: Hypnosis00 on January 11, 2023, 09:10:22 AM

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

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

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

All of these things are just fundamentals of how investors work but to become successful must accompany these things;
- Capital
- patience
- faith/trust
- positive mindset
- goal

It was not impossible to go far even beyond your expectation if you will carry all of these things and be consistent in doing this. Many people have tried but also many had failed because of being irresponsible. An absence of any of those things really has a huge impact on what we expected and could possibly lead to losses.

I want to pick up on two points my colleague posted

PATIENCE - This is key, to be able to understand that Bitcoin is not a "get rich quick scheme"

POSITIVE MINDSET - With a little knowledge and to understand the essentials of Bitcoin
it is easy to become positive, it's important to maintain a positive mindset.

IMO some of the essentials of Bitcoin are:

- Understanding the concept, what it was designed to do
- How it works, the role of mining, nodes and the security the network offers.
- Understanding what Bitcoin has to offer in terms of self custody as per Lucius' post earlier.

Some more basic knowledge to be a successful investor is understand the two terms:

FUD - fear uncertainty and doubt
FOMO - fear of missing out

Marykeller

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The secret to a successful bitcoin investment is having a long-term vision, and being ready for volatility in the short term is crucial because it is quite risky to completely rely on cryptocurrency for survival.

Investment best practices include diversifying your portfolio and never risking more money than you can afford to lose.

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.

This is very important. Get a job while you wait for the value of your bitcoin investment to soar. You cannot simply cling to your bitcoin investment in the absence of employment. Being unemployed may cause you to sell your bitcoin for less than you should when you shouldn't. That has happened to me once.

so98nn

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Use it like normal currency/asset. Do not overthink about the bitcoin and we are good to go for it. Peeps are putting too much or expecting a lot from the bitcoin in terms of it's use case and it's prices really. They should stop doing that otherwise they will loose the hope of using bitcoin just because it does not met their expectations. They leave bitcoin too early in the process and do not even profit from the hodling. That is the issue and reverse is the mantra for success if you are using the bitcoin. The only magical word that you can hear about it is, "Hodl". The more you do it the more success you will have from the bitcoin. Keep investing, do not expect millions in returns in 7 days. Cheesy

Yatsan

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Not still on my definition of success but I think in order to be on that state, one should be patient. This may sound cliché but that's just how this industry works. You have to be patient with the market behavior which is changing from time to time in an unpredictable manner. If you won't be oatient to wait for the 'right time', you'd end up being consumed by those changes financially, and morally as an investor. Profit won't be easily earned. Technical analysis won't be certain as well. Given that this industry will expose you to risks, then start it with yourself by being patient to lessen the risk and increase the chances of gining profit. I quite made a decent amount out of this industry and this was my practice before when losing was more often.

pawanjain

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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.

You have already mentioned the best practices to invest in bitcoin which are buy low and sell high and hold strong.
It's just that with time you will develop the patience required to hold strong. As newbies we tend to lose our patience and want quick profits.
But as we keep investing we realize that we need to protect our capital in order to grow our portfolio.
We can only protect our capital by not selling at losses and hence we need to hold strong.

Leviathan.007

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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.

The keyword and the most important thing is to be patient and the patient usually pays off if you buy at a good price and are able to hold for the long term until the price rise high. So, in short words, I think the key to success is very much simple and all you need to do is to buy at a lower lever and have a strategy for buying bitcoins and then hold for a good period of time without worrying about the price even if you faced a bearish bitcoin season during holding your bitcoins.

GigaBit

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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.

Buying Bitcoin is very easy but holding it long term is very difficult. Sometimes we can't keep it due to financial constraints even if we want. First of all an investor must have a stable income of his/her own to fund. Bitcoin's current price is now about 74 percent lower than before. I think this is the best time for buying bitcoin. The most important thing is to buy bitcoins at low prices and hold it patiently until the right time. Since investors are aware of the potential of Bitcoin, success is guaranteed by investing in Bitcoin at this time without any hesitation. But here only those who can hold the patience will get success.

Razmirraz

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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?

In investing there are only two possibilities, profit and loss. Success in investing in Bitcoin depends on how you do it. In addition to needing capital, you need to prepare mentally to face the worst that might happen.
You can collect Bitcoin in stages, don't forget to do a Bitcoin price chart analysis when you want to buy. Chart analysis can give you an overview when you want to buy. If you see the chart has broken above the downtrend and the lows are starting to climb higher, it is a sign that the bear market is showing signs of ending. In this condition the market will turn into a bull market which is likely to occur, your mentally will be tested here, whether you want to enter or not.

Blawpaw

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The key success for someone investing on Bitcoin is to buy it at low prices. Now is a good time to buy. Now the part where you are successful is to hodl it and only sell it at the highs of the next bull market.

Periodik

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The key is to stick to Bitcoin no matter what. Bitcoin won't fail us in the end. We only have to remain solid and loyal to what Bitcoin means. We hodl. We keep our Bitcoins where we control the private keys. We never be greedy and risk them in centralized platforms. We stack sats.

It is only when we panic sell, save them in centralized exchanges, and invest them in risky deals that we fail with Bitcoin.

glendall

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the key to success in investing in bitcoin is to hold it up to the target price that was made at the start of the investment.
but sometimes in practice when I get 10% profit I've released it, it's true difficult to commit in terms of holding coins for longer

Hypnosis00

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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.

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

All of these things are just fundamentals of how investors work but to become successful must accompany these things;
- Capital
- patience
- faith/trust
- positive mindset
- goal

It was not impossible to go far even beyond your expectation if you will carry all of these things and be consistent in doing this. Many people have tried but also many had failed because of being irresponsible. An absence of any of those things really has a huge impact on what we expected and could possibly lead to losses.

Solokan

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Quote from: klidex on January 11, 2023, 08:13:19 AM

The key to success in investing in Bitcoin, in my opinion, is yourself and not relying on other people.
Confidence is a feeling of trust that must be owned by an investor because with confidence, things that happen to the market, for example when prices decrease or there is FUD circulating, an investor will not panic and sell the Bitcoin investment assets that he has.
Using money that is really cold so it's not easy to sell Bitcoin that is invested just because you need the money unless it's really an urgent situation and you have to use the money.
Storing Bitcoin in a wallet that is truly secure so that network hacks on wallets are avoided and there are many more keys to success in investing that I cannot mention in detail.

yes,,, I agree, with capital believing in yourself, that is a good step and a very solid foundation that every investor must have. to get to success.

Obari

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One major secret above every other secret of my little journey over here is never selling my coin below my bought price and what it means is that no matter the pressure or what the economics says, I wouldn't sell less than the price I bought the Coin.
There are rules and possible techniques one has to follow to be able to be successful in investment and especially in Bitcoin and one of that is,
~The ability to buy and HODL
~The ability to not sell while HODLing
~The ability to identify the right project for investment.
With this key factors, I think one could have a great journey to success in crypto.

klidex

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The key to success in investing in Bitcoin, in my opinion, is yourself and not relying on other people.
Confidence is a feeling of trust that must be owned by an investor because with confidence, things that happen to the market, for example when prices decrease or there is FUD circulating, an investor will not panic and sell the Bitcoin investment assets that he has.
Using money that is really cold so it's not easy to sell Bitcoin that is invested just because you need the money unless it's really an urgent situation and you have to use the money.
Storing Bitcoin in a wallet that is truly secure so that network hacks on wallets are avoided and there are many more keys to success in investing that I cannot mention in detail.

Crypto_H

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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.

I don't think there's a secret out there, but the most important thing (for me) is to diversify your investments.

Why? Because when you diversify your portfolio, you spread your investments across different asset classes, sectors, and geographic regions. This means that if one investment performs poorly, the impact on your overall portfolio is minimized, because the losses from that one investment are offset by gains in other investments.

And last but not least, always invest money you are willing to lose! In summary, investing always carries some level of risk, and it's important to be prepared for the possibility of losing some or all of your investment, but it doesn't mean to invest all of your money without a plan or research.

traderethereum

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The key to successful bitcoin investing is being able to hold bitcoin until the price goes up very high then, you can sell it to take your profit.
But you can also sell just as much depending on your needs and save the rest for another higher price.
If the price drops really low, you can buy it with your profit money to increase your bitcoin amount again.
However, it is not easy to hold bitcoins for long and most people will not be able to afford it.

ultrloa

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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.

Consistency and strong belief on this coin, since without this you will not get any far because your expectation might not get achieved because learning bitcoin or crypto is a long process.

To many challenges always threaten us so instead of getting discourage about the negative effect of the market brought by dump we must think about in positive like thinking that this is the time to take our opportunity to dive in since we can buy and earn when price of those coins recover.

mk4

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Simply slowly but surely put money in, regardless if price is going down or up. Take note that it's an "investment", there's a chance that you'd be down in terms of paper profits in months to a few years. The goal is to be in the positive after a couple of years.

https://dcabtc.com/

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