Topic: When investing in Bitcoin: what to consider? (Read 709 times)

My opinion towards anyone investing in Bitcoin is that Bitcoin investment should be a total decision of such individual to invest in Bitcoin based on their self believe and self conviction by not considering investing in Bitcoin in terms of what other people are saying or doing, factors to be considered includes:

1. You must know that Bitcoin is not a quick and get rich scheme

2. Investment should be made from what you consider to be your discretional or disposable income after taken care of your personal needs and making provisional emergency funds

3. Having a source of income to ensure consistent investing in other to realize a good size of Bitcoin over a period of time as Bitcoin is best performed when viewed on a long term perspective.

About the use of illegal and fiat is no less a number of bad activities carried out by a group of people and illegal words have often been used in the Fiat currency before Bitcoin is introduced. Bitcoin is considered quite fluctuating and we even listen to environmental pollution through excessive use of electricity carried out by miners. Bad things especially what we don't listen to about Bitcoin and there is always a possibility that continues to be done to spread negative things about it.

Then what we can conclude and how we respond to each of these accusations while we understand Bitcoin. And vice versa with those of you who join this forum and see how many people say bitcoin in a more negative direction but they are here for the purpose of getting Bitcoin

People who invest in bitcoin knows the function and importance of bitcoin. Bitcoin is a volitille assets which everyone knows, and the reason why people Invest in bitcoin is to take advantage of its volatility. There are many investment strategy but bitcoin as a digital asset is a must to acquire to secure the future. So surely those who invest in it know the importance behind investing and HODLing bitcoin for long.

Budget, fees, market condition, trend and more should be taken into consideration when investing Bitcoin but this is only my own personal opinion and is not a financial advice . We all know how risky to invest in crypto especially Bitcoin and we do also have to consider our emotions as it may trigger greed to come up with wrong decisions that might lead to cutting loses.

Yes that is just the truth, investment on BTC does not need people opinion mostly those that may not be of the same view with you, not just on BTC it includes in other perspective of investment there are some things you don't need much of people opinion after seeing the value of what you want to go into and how it's benefiting those involved on it as those opinion may discouraged you and become a barrier for you.

BTC has work out great modality that has reduce transaction stress and become the fastest and investment multipliers for investor, one don't need to be guru but apply simple smartness and understand the market BTC is good for people who invented know it value.

That’s why in any form of investment, calculated risk should be properly taken. Part of being knowledgeable and responsible investor is to take calculated risk so that if you lose, you won’t suffer a lot since you only invest what you can afford to lose.

Another thing is one should learn to diversify and not just put all the eggs in a single basket. If one plans to invest in bitcoin, don’t go all in but learn to invest at a small amount first and follow with DCA to gradually increase the amount of bitcoin. When profits are achieved, try to risk into another investment, not just to diversify but also to lessen and control the risk.

There is always a possibility of the price of Bitcoin going higher in the future, but there is no guarantee because we can't see the future and we know how volatile and unpredictable the market is. The price of Bitcoin can be much higher than where it is right now, but it can also be at the same level or maybe lower if the price keeps going up and coming down after each cycle because we know there are bear and bull markets in every cycle.

People getting into Bitcoin and the cryptocurrency market should understand that even if Bitcoin is considered to be one of the safest investment options available these days, it has its fair share of risks associated with it and an investor needs to understand those risks before they put their money in it.

Learning about Bitcoin first is of course very important and it will not be possible to invest well if we don't have a good understanding of investing in Bitcoin. For those who are just starting out, it would be better for them to be able to invest and hold it for a long period of time, of course this is makes us have to continue to be patient in waiting for the target we want, but for those who continue to decide to invest without properly understanding the investment they are making, of course they will very likely experience losses because they are not able to properly understand what they are doing.

For sure there are a lot of things that you need to consider if you are going to invest in Bitcoin especially because for some people it is still a new thing or new technology a lot of people still doesnt understand how it completely works, even me there are still a lot of complicated things that I dont really understand on Blockchain technology. The first thing that comes to my mind is:

Do your Research If you are going to start your investment in Cryptocurrency and Bitcoin the first thing that I think is to do your research sure you should never start investing without even knowing what is going on, and only start your cryptocurrency journey if you think that you already know what you are doing.

Diversify Make sure that you have a diversified portfolio before even starting to invest in cryptocurrency it's probably the riskiest investment that you could make compared to other investments so make sure that you have, so dont put everything on cryptocurrency.

Solid Financial Foundation Things that I've realized in the past years how important it is to have a solid financial foundation, before even starting investing with anything make sure that you are already secured, with savings, emergency funds, insurance, etc.

Never invest on someone if you are going to in cryptocurrency make sure that you are the one that is going to do it not investing on someone that is going to invest for you.

The only thing that came to my mind is that Bitcoin's supply is limited to 21 million coins, so its definitely going higher and higher.

It is indeed the safest to invest in Bitcoin, no matter how much money you have and at whatever time you will get a profit in the future, but the main requirement and it seems easy but difficult to do is to be patient. with patience we can see bitcoin reach a new ATH, but even though it is safe, many also suffer losses, due to their lack of knowledge about bitcoin fluctuations. Therefore, it would be better to learn about it first before investing

Bitcoin has been created as a future universal digital currency which anyone can invest, trading on the related cryptocurrency exchange platform across the globe and Bitcoin has a specific number of token created, which makes it to increase from time to time, because of less supply and Bitcoin has a very high demand in the cryptocurrency market. Hence in the next 10 years of Bitcoin price will be skyrocket more than the current price of Bitcoin in the crypto marketplace.

If you want, besides BTC, there is also nothing prohibited, but the most guaranteed to get a profit is BTC investment, of course, as you also said that in investing in BTC we are always required at least it is done in the long term and Many also try their luck by changing the pattern using short-term patterns (short trading), but I am sure the results will not be the same as long-term investment patterns.

About market conditions, indeed the conditions are like that and there will always be such a thing as fluctuations without exception, it's just that the difference is whether the category is medium or small and for those who are used to it is normal. For asset losers, I don't think anything will happen unless we ourselves decide to exit the market during a correction with various alibis, of course. For its own price, BTC at the moment, although moving slowly but quite surely, will reach its new ATH again.

 

Illegal activities will be done no matter how much the government tries to prevent in. Criminals can always look for ways to hide their tracks as best as they can. In fact fiat might even be safer than cryptocurrencies if you want to transfer illegal money.

However the convenience of bitcoin definitely attracts more people even criminals. The fact that they can transfer money easily from one place to another without having to give off their information is something that makes it prone for criminals to use it. But it’s just one big generalization of how cryptocurrencies are being used.

Obviously not everyone uses crypto like this and it would be unfair to prevent everyone else from using bitcoin as a whole just because of some speculation about criminals using it.

Bitcoin investment is the right step for assets in the future. Don't be easily influenced by the market when the market goes down. Don't panic quickly. If you panic, you will suffer losses. In my experience, investing in Bitcoin in the long term will make big profits. You have to be wise in holding Bitcoin and you have to have a lot of it. Follow the latest news so you don't stay informed.

You need to consider several factors, and I would say that the first one is to understand that bitcoin is real money, it's not a game. You must be prepared to go under when the market goes down, not everybody can handle that. You need patience, not everybody has it. You need to understand how and where to store your cryptos, and you must understand that you cannot trust anyone.

There is risk in every investment. Regarding Bitcoin investment, I can say that the risk that will arise in case of a decline is time. Bitcoin has always performed well in the long term, but one needs to know how to wait long enough. Investing can be risky for those who are not good at waiting.

Bitcoin's performance shows a positive performance in terms of investment, but expectations may not be met for those who want to earn high profits in the short term. Expectations determine how we should invest. Investment should be made according to expectations and a plan should be created according to the desired results from the investment.

Almost everyone who understands Bitcoin and knows that Bitcoin is the best asset of all time, will not be so worried about using their money to invest in Bitcoin. Moreover, if the money used is money that is specifically for Bitcoin, it will make you calmer when investing and you won't worry about any market conditions. Because when someone who has been studying investment for a long time and also knows more about Bitcoin, they will definitely still believe in Bitcoin no matter what the conditions.

The people who interact in Bitcoin I dare say are geniuses, and we like those who have thoughts about Bitcoin, Bitcoin really develops a person in various aspects, one of which I mentioned in economics, actually for those who already understand Bitcoin well they are not too hesitant in considering Bitcoin, because they know the effects and what they will get from developing and jumping into Bitcoin.

Therefore, make your investment in Bitcoin because I think this is the place where you will develop yourself in Crypto, and Bitcoin very well has a very unique value. We just continue to pay attention to Bitcoin in this long-term investment period which we are currently doing. this and from several times that have passed.

security is very important and that should be one of the first thing to consider before any other thing especially for holders because most people don't even know what they mean by keeping your bitcoin safe all they usually focus on is how to buy and then sell and that is why you see people falling victims of scams because they lack knowledge on security about bitcoin and all there focus is always on the market.  and they don't even know that you should not save your money in an exchange it is usually better to safe your money in a wallet than keep it in an exchange but people don't listen and even when you safe your money inside a wallet you still need to keep your seed phrase safely from third party it should only be used by you. because bring a third party will just make everything worst and might open door for your assets to be stolen.


People choose profit over security that is how funny the whole situation can be, and what people fail to understand is that you will make your profit as long as you are patient enough, but people just want to invest and the next thing should be profit. so it is better to have knowledge then through the knowledge you will b able to know the security measure to follow rather than focusing on profits and market there also important things that should not be left out, and if eventually left out then along the line there will be serious issues and you might even be easily manipulated because of lack of knowledge so focus all energy to want to know that  way you will be free.