what is the key to your success investing in bitcoin.. - page 8.

Wapfika

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Bitcoin makes the world go 🔃

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 earn most of my profit in Bitcoin by simply holding and experienced most of my losses when I do day trading or any short trading. Becoming successful on Bitcoin is simply just holding it to the point where everyone is already holding it/mass adoption already achieved. You already stated what's the problem and it's very easy to know what's the real answer to your question. You probably just want a second opinion about holding Bitcoin.

Don't a dumb like those weak hands who keeps selling when the price moves a little bit while selling out of fear pressure. Just hold and trust Bitcoin if you want to become successful.

Lucius

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

~snip~
I, who don't have much experience in bitcoin, want to ask what is the key to your successful investment in bitcoin?

In my opinion, perhaps the most important thing is not to look at Bitcoin exclusively as an investment that only brings you profit, but to understand what Bitcoin actually represents. Financial freedom and the possibility to be your own bank, and to make transactions 24 hours a day, 365 days a year with anyone anywhere in the world without having to ask for someone's approval is the real value that Bitcoin has.

There are few people who appreciate Bitcoin for what it is, and most of them are interested in the possibility of providing them with profit, but this is a reality that needs to be accepted. For all those who think like this, there is no simpler method than to buy in a bear market and then start selling when the bull market is at its peak or when they are satisfied with the profit that the current price brings them.

Solokan

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Rollbit.com

thank you all friends ... who have answered my post, and the explanations from all of you are very great, and easy to understand.

I hope all of our investments get big profits.

SquirrelJulietGarden

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Figuring out your ways to hold your bitcoins. If you buy it but can not hold it long enough, you will exit your investment with nothing and maybe with losses.

Bitcoin halvings happen every four years and many things can happen each four years. If you are not able to hold your bitcoins about four years, risk to have loss would be higher.

To hold bitcoins, you must not use all money you have to invest in it. Because when you need money, you will have to sell your bitcoins. Have another source of money, income or savings for emergency can help you holding your bitcoin better.

Holding it better and longer is key for you to have success with your bitcoin investment.

Fara Chan

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Bitcoin Casino Est. 2013

The experience of storing assets in Bitcoin and investing that I have experienced may have been experienced by many other Bitcoin users (Inevstor), as you have mentioned:

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

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

this contains the right tricks and strategies to achieve maximum profit in investing, but apart from these tricks, of course, we have to check the charts on the market, and a little extra, you have to master as much as possible about investing, especially in Bitcoin, you will get a lot of material when examine about this Bitcoin, then you can make decisions with risks that you already know later.

Bad job done by many people selling it when the market is down and this is a habit that is not recommended, I don't know why they can do it, but this comes back to their own personality and decisions.

Maus0728

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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.

Aanuoluwatofunmi

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Here are my own success tips while investing in bitcoin

1. Buy the dip and hodl
2. Use a decentralized wallet or get a hardware wallet
3. Adopt the use of DCA (Dollar Cost Averaging) strategy in acquiring your bitcoin
4. Study the chart daily and make a night watch on the candles
5. Make sure you learn everything about bitcoin and be independently satisfied with what you have, know when to sell from when to hold.

As long as you didn't depend on anyone to make your decision, but instead you take time to make discoveries on yourself then bitcoin still put you on a best opportunity plan against the future with your investments.

Solokan

sr. member

Activity: 658

Merit: 325

Rollbit.com

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.

Topic: what is the key to your success investing in bitcoin.. - page 8. (Read 1326 times)