Topic: What should a newbie do in bitcoin investing? - page 2. (Read 858 times)

Yes you are right investing in Bitcoin for 10 years or more can be good financially. If we are doing long term investing so timing and price are not important so we can buy now or wait for dump. By the way investing in Bitcoin has some risks so it is important to do your own research. Means look at Bitcoin past performance and market trends and expert opinions. And study how its price going up and down and understand what affects its value like global economy laws and technology or may be other factors. Get help from financial experts and take look your own needs and risk tolerance will help us make informed decision. We should keep in mind that investing is personal choice so take time and make decision that is right for us.

Such massive questions about investing in Bitcoin usually arise for beginners when BTC reaches the next one ATH, instead of buying it at a low price. And as practice shows, they buy at the highest price, and then after several years of holding, they sell it at the same price at which they bought it, if they did not sell it at a loss before.

Yeah. Bitcoin investment is about the future, what I mean the best way to gain good return as an investor in bitcoin is if you engage in long-term investment (Holding), trust is not something that need you to have any complex skill , once you have the basic knowledge you good to go , but first before you hold you have to build ( that's what accumulating comes in and its method such as DCAing and lump-summing etc.)

About the high profit stuff we can't actually tell because there isn't any guarantees, but bitcoin is something that tend to grow over time, so positioning yourself for something wonderful in Bitcoin would be a good Idea though and you may endup making tons of profits depending on how long you hold and the stashes you are holding.

So I will say the number of stashes is directly proportional to your return, but no one thing those who are patient enough are the once that usually make it big in this space.

You heard that right, BTC is really a good investment, and if you plan to hold it for the next decade or more then that's the best instead of buying it for a short time and a little disclaimer it's not financial advice, so please DYOR before investing. I just sharing my experience with you that if you want to buy BTC for the long term, then timing and the price don't matter so if you want to buy now no problem but yeah a little retracement can give you good buying and good profit in the short term too that will keep you motivated.

You can manually calculate how high (if) btc goes then how much profit you can make from how much investment in how much time. If you think that's high or enough for you then its ok otherwise you want to give it a try anyway then still it's your choice, you don't have to depend on others but self-research will show you what BTC is, and especially its history will tell you what it is.

Personally want to say you are right. I think that the new people who are thinking like this do not really understand whether they are thinking right or they are going wrong somewhere. They do not have the idea that investing in crypto can be risky. They should learn well and know where it is better to do and where it is better not to do. If they do not master these things well, then it will be seen that they are constantly losing money by investing.

New people never know how to make money from crypto during the bull run. They do not have the right knowledge about this. Yet, as soon as they come and invest, they expect profit from it. This is nothing but foolishness because they do not know well how to do it, then how will they profit from investing from here. They are always at risk here because when they lose money after investing, they will understand and analyze how it happened, why it happened, and in this way they will find out various questions on their own, but they will not get a good idea about it beforehand, so they cannot take risks and bring profit.

Again, it is seen that people expect something good from coins like BTC in a very short time, but they do not know that nothing good can be expected by investing in Bitcoin in a short time. If the process of investing in Bitcoin can be done in the long term, then maybe something good can be expected from here.

Bitcoin future profitability not sure but its past growth shows promise. When Bitcoin was $10000 many of us thought it was too expensive yet it reached $90000 and still thinking it is too much expensive. But if you believe in Bitcoin consider buying and holding for long term but be aware of risks. Prices can suddenly rise or fall and crashes can happen and profits may take time. Investing early and being patient has paid off for some but new investors may have different experience. To navigate this market set realistic goals and understand risks and rewards stay informed and diversify investments. Bitcoin future is uncertain but its growth potential makes it worth considering.

FOMO has started among newbies; they will think they will be left out if they don't invest now, and most of them don't usually consider the risk involved in crypto investment in general.

Most of these newbies are here because they see how people make money in crypto during this bull run, they don't know that there is a very huge risk involved, and the same people who are gaining are also losing money. Furthermore, Bitcoin is not a get-rich-quick scheme, anyone who is willing to profit from Bitcoin investment has to invest and wait for a long period of time.

The rate at which the price of bitcoin is going is going according to the predictions that was made about it going to hit 100k and that is like the biggest ATH their are so many predictions then, and all this started during halving and ETF approval and nothing serious happened in the market then and now just us election and trump have made bitcoin hit different prices within weeks that is something new that have happened in bitcoin, with the way bitcoin is going I don't think their will be anything that will put an end to bitcoin and people are already getting the logic of DCA and buying gradually.

The moment the value of bitcoin is know their is nothing that is stopping people from investing in the market even people that have failed in previous times now they are coming back to the business, and they are ready to stayed dedicated to it because this is something that have made a lot of people fall out of line, but with all this improvement that is happening, and people are facilitated and they now understand the pure meaning of holding because they don't see its value before.

Bitcoin profit in the future? Hmmm! I don't know what to tell you right now seeing Bitcoin around $90k but someone ones ask this question when Bitcoin was trading around $10k and people think it was too big to see it grow further but today, Bitcoin is trading around $90k and there is possibility of its going higher from the place. So, if you want to dream about Bitcoin profit, buy it and hold to see the dream come to reality.

Here is a couple of other things you need to know that you haven't experienced before. It can crash and you will be helpless about it because you can't control how the market moves. It's the same you are seeing the market is running up is the opposite when the crash happens so expect anything in this market. You can be lucky to be in profit in the future of may take long journey. Someone bought Bitcoin this year didn't know the patience other people that bought 5 years ago has undergone.

The rate at which Bitcoin is moving in the initial phase, I think it is going to add a new dimension very quickly. We can assume that its journey will continue for a long time. Many investors are already seeing a bright future and are moving towards buying more Bitcoin. I think beginners can invest little by little in this field without investing a lot because they have no idea about scams and frauds and at any time they can be cheated by scammers. Beginners can take help of various experienced people to gain knowledge about Bitcoin because there are risks in Bitcoin investment. There are risks in short-term Bitcoin investment, so Bitcoin investment should be thought of from a long-term perspective. Since beginners cannot master so much at once, they should invest small amounts. I think they should first make small investments according to their ability and observe the market movements.

The amount of profit you will get in Bitcoin investment depends on the quantity of Bitcoin you have in your possession and how long you were able to hodl.
Bitcoin investment is a very nice investment your friend didn't lie to your but you should remember that Bitcoin is a volatile asset that has the tendercy to move up and down, when accumulating and Bitcoin price drop don't panic as it will still rise again since your investment plan is for long term the dip should even be an opportunity for you to accumulate more Bitcoin and HODL.

As a newbie into Bitcoin investment you can start by accumulating using the DCA strategy which allows you to accumulate Bitcoin regularly weekly or monthly regardless of the price of Bitcoin if the money to accumulate is readily available.

I guess you noticed the recent spike of creating a thread and asking if this is the right time to invest in Bitcoin. The problem is people know more about Bitcoin during the bull run or during the pick market. The bull run has already started, and it has a long way to go. At the same time, I think it is not the right time to buy Bitcoin for newbies. They came here due to the recent spike and will be the panic sellers during the market correction. But those are the people from where holders get profit. If someone can hold even during the correction time, they can buy Bitcoin anytime.

Bitcoin isn't just a good investment but a great one for that matter, I don't think there has ever been a scenario when those investing in Bitcoin don't rejoice. The panic sellers are always the losers but provided you don't sell but continue to hodl, you're on track to becoming a high interest gainers as Bitcoin always rewards it's hodlers.

Everybody is welcome to investing in Bitcoin but as a newbie, don't be in a hurry as those that rush to investing in Bitcoin without knowing what they're getting themselves involved in always end up at the wrong side of the market.

They get distracted so quickly then lose focus on Bitcoin and get hyped by altcoins especially those that won't last one bear market. The shit coins gets their attention the most but they're all pump and dump project's which has just one ending (you losing).

If you want bitcoin to earn you a high profit , then it’s going to earn you, and you should know that in the  process of trying to earn when investing in bitcoin, you can also lose, don’t thinks bitcoin can only fetch you high amount with money without risk not being involved it, so when investing in bitcoin make sure you understand the basics, and you should know you can lose money also from bitcoin, don’t be deceived by people that will tell you that you can never lose money.

You should have asked that well-known person of yours so that you could have some idea already. Bitcoin isn't going to make someone rich quick by just investing on it and if when someone just told them to.

The essence of knowing what you are investing is very important. Everyone here including me will tell you to invest in Bitcoin but, you need to understand what you're doing with your money. That's called being responsible.

What do you mean by high profit? like you're going to be rich just after placing your money? no.

It is high market cap already and if you'll only invest a couple of hundreds, it won't give you that much, this is the truth about Bitcoin on this stage.

Actually, someone can make reasonable profits from Bitcoin investment, but that will depend on how much someone invested and also how long the person will be able to hold onto it. Bitcoin investment is not a "get rich quick" scheme, so one has to have enough patience if they really want to make a good profit from it.

One reason why someone needs patience to profit from Bitcoin investment is that Bitcoin has both bear markets and bull runs. The bear market is a period when Bitcoin price stays low until another Bitcoin halving occurs, which happens every four years. After this, a bull run usually follows, where Bitcoin price rises significantly. If someone can hold Bitcoin for a long time and witness multiple halving, they will likely experience several bull markets, which can increase Bitcoin value.However, as a newbie, it's essential to learn about Bitcoin before you start investing, especially regarding how to secure your Bitcoin investment.

That's why an investor should make investment decisions based on disposable income and it is more important for new investors to determine whether he can accumulate bitcoins based on his ability to use his capital. Investors who have floating cash can make lump sum investment decisions based on their affordability and this decision can give them huge profits in the future. This approach may be useful for experienced investors who are particularly knowledgeable about Bitcoin. Also, those who are new to Bitcoin investors should make investment decisions in such a way that they do not regret it even if the price goes down and are advised to deposit from a portion of disposable income. Longer term deposits should tend to run ie multiple cycles or 4-10 years.

what is your goal in having Bitcoin? if you want to gain a high profit consider trading as your priority to earn money, but of course with the knowledge and skills in technical analysis, indicators patters, and basic charts. Now if your goal is to hold a bitcoin for the long term, buy low and sell high, or even with the DCA is the most suitable strategy but again it depends on your investment doesn't mean that you make a small amount you will gain a 1000x multiplier its not the same with the meme and shitcoins. If just basic hold you will feel the gains once you have a large scale of capital but the market is volatile so do expect a large down too.

It seems that you are just mixing everything up together, like confusing the whole Bitcoin investment thing.
 
If someone has the knowledge of how to save their bitcoin in a well-secured place without compromise and they have the money to invest in bitcoin, all they need is to buy and hold for a long period of time.
 
No extra class is needed to multiply the investment once the bull run comes and price increases. Profit will be added to the amount that the person holds, and if they want to cash out like others, they will enjoy the profit.

Don't come up easily on a conclusion that bitcoin can easily give you a high profit. You must know that bitcoin is still a high risk investment so before paying attention to much on possible profit you can get from this coin, maybe better if you familiarize first the risk you might encounter.

Also don't easily believe on claims that you can get high profit if you invest in bitcoin since sometimes this things you want is sometimes hard to happen knowing bitcoin is so volatile asset.

Maybe for now do more research then don't get shy to ask people and know their opinion since its helpful if you ask for feedback or clarification on some things you want to know.