What triggers the zeal to invest? | Bitcointalksearch.org

Blitzboy

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Quote from: BABY SHOES on January 09, 2024, 02:16:55 PM

If you just want to understand the ins and outs of the market then it leads to trading not investment while the right reason may be that you should understand about bitcoin completely so that you are convinced that bitcoin is an important asset that can increase in the future.

Of course there is a reason behind it all. Suppose why I invest in bitcoin because I believe it will provide benefits in the long run this is the first point, secondly bitcoin will be more developed and mass adoption may soon occur slowly, now bitcoin has become a global economy especially since several countries have legalized bitcoin as a legal currency, and many other reasons.

You must know why to invest, because there will be enthusiasm to start investing in bitcoin.

Understanding Bitcoin goes beyond market analysis to understanding its long-term value. I invest in Bitcoin because of its potential. It's not only about the immediate advantages but Bitcoin's financial stance.

Your second point hits home. The emergence and gradual broad adoption of Bitcoin imply a global money and transaction paradigm shift. As governments legalize Bitcoin, we're seeing a financial and socio-economic revolution. Legitimacy and stability boost investor trust.

Finally, the "why" of Bitcoin investing is crucial. Its not enough to join a bandwagon; you must believe in its value and see its importance in the global economy. This idea motivates investors to endure market volatility. Its about joining a new digital finance era.

BABY SHOES

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If you just want to understand the ins and outs of the market then it leads to trading not investment while the right reason may be that you should understand about bitcoin completely so that you are convinced that bitcoin is an important asset that can increase in the future.

Of course there is a reason behind it all. Suppose why I invest in bitcoin because I believe it will provide benefits in the long run this is the first point, secondly bitcoin will be more developed and mass adoption may soon occur slowly, now bitcoin has become a global economy especially since several countries have legalized bitcoin as a legal currency, and many other reasons.

You must know why to invest, because there will be enthusiasm to start investing in bitcoin.

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Quote from: shepherd_gee on January 06, 2024, 02:20:06 AM

I get this great zeal to buckle up and nurture the feeling of investing too, believing that one day, that which triggers the feeling to invest will come to manifestation. I envy every first timer Bitcoin buyer, cos I'm looking forward to being like them in no distance time.

Almost everyone who has invested in Bitcoin are having similar reasons for their investment, we may not have them as exactly as with each other but there's this common zeal on every investors to want to make profitability in their investment in bitcoin, this is maybe due to diverse reasons that they have been through right from when they have been using fiat and having challenges with financial regulatory authorities.

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Quote from: shepherd_gee on January 06, 2024, 02:20:06 AM

I believe it takes a million risk to invest in Bitcoin, still people are left with more than a million reason to take the risk. A lot of us especially the newbies are still skeptical investing, each with enough reason to invest and not to invest respectively. The core question here is; what triggers you to invest?...for myself, I haven't figured out any tangible reason why I should invest, solely because I'm yet to understand the nooks and crannies of the market fully. However, I'm working hard studying extensively to understand the market. I feel this great joy when one post his first time buying Bitcoin, I get this great zeal to buckle up and nurture the feeling of investing too, believing that one day, that which triggers the feeling to invest will come to manifestation. I envy every first timer Bitcoin buyer, cos I'm looking forward to being like them in no distance time.

Not sure where you got the idea that Bitcoin has a million risks.... If Bitcoin had that many risks then statistically Bitcoin would have died a decade ago, at latest.

Of course anything in life has its risks and rewards. But by now, after 15 years, surely you must realize that the risks keep shrinking and shrinking as Bitcoin proves itself. Not once has it been hacked, exploited or controlled. If someone could have done something to Bitcoin, they would have done something already. Especially the government, the worst of exploiters.

By comparison of risks with fiat, Bitcoin obviously is the less risky choice, when it comes to retaining your wealth.

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Quote from: shepherd_gee on January 06, 2024, 02:20:06 AM

I believe it takes a million risk to invest in Bitcoin, still people are left with more than a million reason to take the risk. A lot of us especially the newbies are still skeptical investing, each with enough reason to invest and not to invest respectively. The core question here is; what triggers you to invest?...for myself, I haven't figured out any tangible reason why I should invest, solely because I'm yet to understand the nooks and crannies of the market fully. However, I'm working hard studying extensively to understand the market. I feel this great joy when one post his first time buying Bitcoin, I get this great zeal to buckle up and nurture the feeling of investing too, believing that one day, that which triggers the feeling to invest will come to manifestation. I envy every first timer Bitcoin buyer, cos I'm looking forward to being like them in no distance time.

Waiting to understand the concept of bitcoin is good, you will know what exactly you are doing, and you will get all the necessary ideas and risk management strategies you need.

I think only learning and understanding Bitcoin and how it works is enough reason for you to invest in bitcoin, you need to understand the concept of price movement and market strategy, that should be for people willing to learn about trading. All you need is to know about your bitcoin wallet, how to keep your private keys safe and how to buy and sell bitcoin that's all.

Be motivated by the uniqueness of bitcoin, do not invest because of FOMO.

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There is always a feeling attached to every moment, especially when there are testimonies. it triggers one to also want to feel among but the fact that you chose to know the basics before you invest is what shows that you're smart enough to make decisions. Even with all the feels what makes me want to invest in Bitcoin is the knowledge I have gather and the primary aim of making profit from a long term investment.

Quote from: pooya87 on January 06, 2024, 04:06:18 AM

Nobody should ever "invest" in Bitcoin because Bitcoin is not an investment, nor is it a way to get rich or make profit.

Bitcoin is the only existing decentralized and censorship resistance form of money. Instead of thinking about making more of your inflating fiat without cap that keeps being printed billions and trillions at a time, try thinking about using the only money that has a cap and will never be printed more than 21 million BTC. Wink

Over time now, bitcoin has seems to be an investment than a decentralized money that it's meant to be, well this is just the secondary purpose of investing in bitcoin because it comes after been aquatinted with the pros and cons of Bitcoin or it comes after knowing the intention of Satoshi.

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Quote from: shepherd_gee on January 06, 2024, 02:20:06 AM

I believe it takes a million risk to invest in Bitcoin, still people are left with more than a million reason to take the risk. A lot of us especially the newbies are still skeptical investing, each with enough reason to invest and not to invest respectively. The core question here is; what triggers you to invest?...for myself, I haven't figured out any tangible reason why I should invest, solely because I'm yet to understand the nooks and crannies of the market fully. However, I'm working hard studying extensively to understand the market. I feel this great joy when one post his first time buying Bitcoin, I get this great zeal to buckle up and nurture the feeling of investing too, believing that one day, that which triggers the feeling to invest will come to manifestation. I envy every first timer Bitcoin buyer, cos I'm looking forward to being like them in no distance time.

If you invest in Bitcoin you will surely get success, if one keeps money in bank then get little interest. But if that same amount of money is invested in Bitcoin, it is possible to get two to three times the benefit. Here's the op if you want to know more about the market then you should start by looking at the low and high price of bitcoin. At the beginning of 2023, the price of Bitcoin was as low as $15.5k, but at the end of 2023, the price of Bitcoin reached a high of 42k in the month of December. Then you see the price of Bitcoin has tripled in this 10 to 12 month period. If you understand this difference, you will definitely be interested in investing.

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Quote from: shepherd_gee on January 06, 2024, 02:20:06 AM

I believe it takes a million risk to invest in Bitcoin, still people are left with more than a million reason to take the risk. A lot of us especially the newbies are still skeptical investing, each with enough reason to invest and not to invest respectively. The core question here is; what triggers you to invest?...for myself, I haven't figured out any tangible reason why I should invest, solely because I'm yet to understand the nooks and crannies of the market fully. However, I'm working hard studying extensively to understand the market. I feel this great joy when one post his first time buying Bitcoin, I get this great zeal to buckle up and nurture the feeling of investing too, believing that one day, that which triggers the feeling to invest will come to manifestation. I envy every first timer Bitcoin buyer, cos I'm looking forward to being like them in no distance time.

Talking about risks, all investments have their own risks, and we must be brave enough to take risks to strengthen our finances in the future. For me, why invest in bitcoin because bitcoin is a decentralized system, it cannot be manipulated and stolen/hacked if we really guard it well. A system that has no government interference so that it is the first and only asset that provides full freedom and rights to its holders. The only asset that is not limited by any jurisdiction/borderless, everyone from any background can own it without conditions. This is what triggered me to invest in bitcoin.

So for me Bitcoin is an intersection between space and time.
- Fiat = annually devalued due to inflation but light to carry.
- Gold = value tends to rise in the long term but is heavy to carry.

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Quote from: yazher on January 08, 2024, 08:12:42 AM

Quote from: Smack That Ace on January 08, 2024, 05:10:34 AM

It's commendable that you took the time to research bitcoin and wanted to learn about it thoroughly before investing, something not many newbies do. But you also need to take advantage of your opportunity instead of hesitating too long because investing early will also have certain benefits. Like you said, like those who invested early in bitcoin and they're enjoying the rewards that they're getting.

Right now, Everything should be carefully calculated because it's not really good if you aren't able to accumulate bitcoins at its lower price considering we already entered the halving year, it would be another run in the crypto market where the price will slowly continue to rise because of it. It's best if you can buy some more bitcoins and continue to add more in the future don't forget to spend just the amount you can afford to lose because it's not a matter of risk taker here but it's a matter of who can give his mind peace whenever he has some bitcoins and waiting for the right moment to sell it.

I wouldn't advise or convince the OP to buy bitcoin right now because he said he wants to understand it well before deciding to invest in it. But I just want to remind him that investing when it is cheap will give him better returns and the opportunity to own more bitcoin when it is more expensive.

The halving event is approaching and even those new to the market understand that it will help bitcoin increase in price even more. So I hope OP doesn't miss a great opportunity like this, which only appears once every 4 years. Furthermore, we can buy bitcoins and continue learning about bitcoins, which is not bad either.

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What triggered me to invest in Bitcoin was because with a total Bitcoin supply of only 21 million pieces, several people including me believed that someday or over time in the long term. The value of Bitcoin will definitely become more expensive due to limited supply, and in the long term Bitcoin also has the potential to provide good profits for those who have patience and strong faith.
So the most important thing that we must instill in ourselves before investing in Bitcoin is patience and also a strong belief in doing so so that we can get big profits. Patience aims to wait for the price of Bitcoin to rise high from its low price before you buy it. Belief aims to make you stick to your long-term goal that Bitcoin in the long term or in the future will make you rich or financially healthy, and many other Bircoin beauties in time.

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Quote from: shepherd_gee on January 06, 2024, 02:20:06 AM

I believe it takes a million risk to invest in Bitcoin, still people are left with more than a million reason to take the risk. A lot of us especially the newbies are still skeptical investing, each with enough reason to invest and not to invest respectively. The core question here is; what triggers you to invest?...for myself, I haven't figured out any tangible reason why I should invest, solely because I'm yet to understand the nooks and crannies of the market fully. However, I'm working hard studying extensively to understand the market. I feel this great joy when one post his first time buying Bitcoin, I get this great zeal to buckle up and nurture the feeling of investing too, believing that one day, that which triggers the feeling to invest will come to manifestation. I envy every first timer Bitcoin buyer, cos I'm looking forward to being like them in no distance time.

I believe that investment into potential assets is the only way to become wealthy and that is the only trigger for me to keep investing in bitcoin over the long run.
I think this should be enough reason for everyone to invest in bitcoin and diversify their investments.
Keep investing, take profits, invest it in other assets and keep rotating the income to stay wealthy from your investments.

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The most common reason people will say to invest is to make a profit. Bitcoin is the choice of many people because they can get big profits in one cycle if they decide to invest in bitcoin for a long time.
But people must be aware that investing in bitcoin has risks, and most people are not ready for the risk that the price of bitcoin will go up and down as often.
What triggers me to invest is also because of profit. I found bitcoin to be the best investment I have ever had, so I still want to continue investing in bitcoin.
If @OP wants to buy bitcoin, he needs to get started before it's too late. But first, he has to learn about Bitcoin investment so he can adjust the funds he will use to invest.

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Quote from: Crypt0Gore on January 08, 2024, 11:02:47 AM

There are people I knew that are into crypto investments before me and I was motivated to know about crypto too, fortunately it feels like something that I can fit in with very well, from what Bitcoin has to offer those who seek for freedom from their rulers to the idea of making more money because of Bitcoin scarcity mechanism, it makes a lot of sense to be in Bitcoin than anything else.

I believe that Bitcoin will have a better value in the future and I don't plan on missing out the future possibility, Bitcoin is a good store of value for the long term, this is a big part why many people are investing money on Bitcoin, just make sure you risk what you can afford to lose, nothing is guaranteed, anything is bound to happen.

There are often cases where people who are aware of Bitcoin before us didn't buy the idea of Bitcoin and right now they are left behind but those who has believed in Bitcoin are in much better situation provided if they had invested into Bitcoin because we need to understand the difference between not believing in Bitcoin and not having enough money to invest into Bitcoin as there are few who believe in Bitcoin but due to their limited income they cannot afford to invest as they can hardly have sufficient amount to feed their family as I have read one such story from a mason from Bangladesh.

When it comes to bitcoin the risk of losing it all is very minimal compared to Altcoins.

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There are people I knew that are into crypto investments before me and I was motivated to know about crypto too, fortunately it feels like something that I can fit in with very well, from what Bitcoin has to offer those who seek for freedom from their rulers to the idea of making more money because of Bitcoin scarcity mechanism, it makes a lot of sense to be in Bitcoin than anything else.

I believe that Bitcoin will have a better value in the future and I don't plan on missing out the future possibility, Bitcoin is a good store of value for the long term, this is a big part why many people are investing money on Bitcoin, just make sure you risk what you can afford to lose, nothing is guaranteed, anything is bound to happen.

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Quote from: shepherd_gee on January 06, 2024, 02:20:06 AM

The core question here is; what triggers you to invest?

Money. Profit. To support the coin itself.

Me spending some money, and investing in Bitcoin doesn't mean that I'm on it for the profit only. Although it's the main reason why I'm investing, I also plan to use Bitcoin to buy some things in the future when the transaction fees are low, and more establishments are accepting it. I think that's a way of supporting the technology behind it. People are investing for profit. People are investing because they believe that they will get more money when they invest in it. This is the reason why Bitcoin is more of an asset than a currency, and there's nothing wrong with it. It's just that, the main purpose of Bitcoin which is to be a currency without any third-party involved is slowly fading away. Can't blame other people though.

Quote from: shepherd_gee on January 06, 2024, 02:20:06 AM

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However, I'm working hard studying extensively to understand the market. I feel this great joy when one post his first time buying Bitcoin, I get this great zeal to buckle up and nurture the feeling of investing too, believing that one day, that which triggers the feeling to invest will come to manifestation. I envy every first timer Bitcoin buyer, cos I'm looking forward to being like them in no distance time.

Save some money, learn how to buy Bitcoin, and also learn the basics of not just Bitcoin, but cryptocurrency in general maybe.
Do you envy them? Your time will come as well. There will be a time when you will be the one to buy Bitcoin, and some people will envy you as well. Take your time. Investing isn't a race. If you don't have money for now, work more so that you can have money to use to buy.

moneystery

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you can invest according to your abilities and according to your initial motivation, whether to gain financial freedom, success in the market, etc., there are many things you can use to trigger zeal within you. but you don't need to invest if you feel that you are not sure about it. especially if you invest just to follow along like other people who have a good portfolio without doing research on the assets you are going to invest in, it's the same as giving your money for free to the market, because in the end you will lose all your money.

having a good enthusiasm for investing is good, but it is even better that this enthusiasm is in line with knowledge and good management of the money you will invest in the market. because just with enthusiasm without knowledge and good management, someone could lose it when he encounters obstacles in the market.

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For the most part, it's the promise of profit and nothing else.

Thing is that everything else that you could think about as possible reasons why you would invest would only fall secondary to the love for money. Let's just put it this way: You're working not because you want to "earn career advancement" or "learn a skill or craft", if you were you would've gone someplace else that provides that primarily without the dangling promise of giving you money in the process. This tends to also be the trend for trading and investment. You want to earn money or at least are looking for the prospect of earning a lot of money, especially if you're more on the crypto side of investment/trading.For newbies, you might wanna go find a real reason to invest and trade, simply "learning the nooks and crannies of the market" wouldn't do cause at the end of the day you could achieve that learning from other people's trading journeys, and the best part, you wouldn't have to lose money in the process!

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Quote from: shepherd_gee on January 06, 2024, 02:20:06 AM

I believe it takes a million risk to invest in Bitcoin, still people are left with more than a million reason to take the risk.

I have seen those who invest in digital currencies such as Bitcoin which we generally know today, also including several other types of crypto currency, one reason and one goal to get more income and want to get real wealth.

In Chinese society, 5 year old children are taught how to invest well, investing is one of the mandatory activities for Chinese society, of course you can see how Chinese people live with people from other countries, that's the advantage of investing, of course now many of us are familiar with crypto, maybe it's to make it easier for anyone to invest, I'm sure anyone and for any reason, for me, investment is the best solution to do at any time without limitations and without reason.

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Quote from: Smack That Ace on January 08, 2024, 05:10:34 AM

It's commendable that you took the time to research bitcoin and wanted to learn about it thoroughly before investing, something not many newbies do. But you also need to take advantage of your opportunity instead of hesitating too long because investing early will also have certain benefits. Like you said, like those who invested early in bitcoin and they're enjoying the rewards that they're getting.

Right now, Everything should be carefully calculated because it's not really good if you aren't able to accumulate bitcoins at its lower price considering we already entered the halving year, it would be another run in the crypto market where the price will slowly continue to rise because of it. It's best if you can buy some more bitcoins and continue to add more in the future don't forget to spend just the amount you can afford to lose because it's not a matter of risk taker here but it's a matter of who can give his mind peace whenever he has some bitcoins and waiting for the right moment to sell it.

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Quote from: KingsDen on January 08, 2024, 07:43:49 AM

Quote from: Adbitco on January 07, 2024, 06:40:21 PM

Quote from: KingsDen on January 07, 2024, 11:54:42 AM

Quote from: Adbitco on January 06, 2024, 06:38:27 AM

~Snip~

It is poverty that propels richness while richness propels investment. When you are poor you will have the eagerness to get a job and earn some money. When you are able to earn good money, you will be eager to invest the money. So, there's no special motivation for investment if not to have a big return of investment and be rich or live comfortably in life.

Early Bitcoin investors where not actually after the return of investment, rather they were after building a new decentralized technology to beat the flawed traditional system that is in existence.

Although you are correct, but when I looked from another angle there are lots of people who are working making good money of their lives but has still refused to invest in bitcoin not because they don't have money or nor they are poor. Like said, most people aren't yet settled to or made up their minds to venture into bitcoin.

There is one thing about investment, be it bitcoin investment or any kind of investment. That very thing is that it is not everyone that has the courage to invest. Investment requires patience and time in order to reap the reward of your investment. So many people believe in the present pleasure and does not care what the future has for them. While some people will only invest in what they are very sure about, this is one of the reasons why Bitcoin does not attract so much investors. Many people do not understand Bitcoin and its nature, and as you can also attest, there is a very great chance of losing your investment when you invest in what you do not understand. This is why bitcoin is always seen as an investment opportunity for the younger people, while the other people might not have the time and the Brain or opportunity to study about bitcoin which appears somehow technical than the everyday transitional system of investment that we know. Most times I do not blame people who refused to invest in Bitcoin, to be honest with us bitcoin investment looks like gambling. At one point you might be favored and in the other way around you could lose especially when you don't have the knowledge of the cryptocurrency market.

I think we are both making the same point here because if you read correctly you will know, like the area I said people needs to understand to the kind that of investment they are making before putting their resources especially those who doesn't have basic knowledge and understanding about bitcoin. At this point being poor doesn't only deprived people but the concept and readiness in other words we can call it being prepared for the investment and, and being prepared required them to know the whole concept of bitcoin except for we that are deep rooted in the knowledge to know when to enter market and exit market and this is solely for those who are their for just short time profits making.

Those who are there for long time investment might not even consider to learn and have full knowledge since they have already projected for long term hodl so they don't care if bitcoin drops or increases to whatever amount except to their maturity year or maybe during that time if they noticed that the market is not on their favor they can still extend their investment at this point if they noticed some significant drop in price they don't mind involving themselves in DCA to also increase their portfolios.

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