Topic: When investing in Bitcoin: what to consider? - page 2. (Read 709 times)

You need to under that we have billions of people around the world, so it's normal for people to disagree with each other but you know one things about Bitcoin, the supporters don't argue recklessly, the argue with a fact and that's what critics don't do, they just hate because they can't win and fear Bitcoin is taking away what they dream off with their traditional finance, that been said.

Did you not seen volatility of game stop last week and how they were stopping the platform so traders wouldn't be able to trade, 40% on game stop and nobody is seeing that as volatility, they should be fair in thier arguments because the traditional market is number one place of volatility.

Illegal activity yiu said about Bitcoin, what about fiat? Money has been used in my country many times this year to settled kidnapped victims from victims. What will you call that? Sometimes I wonder who government employ in their office and just says anything without nothing upstairs.

Next please.

Many people don't really understand the creation of bitcoin and they only believe that bitcoin was created to invest and make profit. I will want them to go and read the Whitepaper and the reason why bitcoin was created. According the TSC. He said the reason of creating bitcoin has been defeated by investment and that is the truth about the  matter.
Bitcoin was created to pay things online and that is where the concept peer to peer transaction come to.and existence but everyone has gone to the investment side other Cryptocurrency and abandon the core mandate of the project.

Evolving/evolution or new techs are now there to help most people to lie more but I think we can also use it as a counter to expose them easily. To be real, anything is not possible like for example getting the sun because it is too far and even if we get close to it, we can only burn our selves.

I believe that those who said or insist that anything is possible are mostly only referring on the realistic stuffs like winning a girl and getting their dream career. As long as this is the ones that we are pushing, we can just ignore the people who will try to put us down or blame us. We can also use them as an inspiration. Show them that it is really possible and let them disappoint their selves. Perfection on the other hand is also subjective.

As I said there are many factors that need to be considered before investing but I will focus on capital as the top priority. If we do not follow the golden principles of investing, we invest with borrowed money, invest with money for daily needs...even if we have knowledge, patience...cannot guarantee that our investment will be successful. Because bitcoin is so unpredictable, no one can know exactly when it will increase and bring us profits.

“Capital” is the first thing that needs to be considered and considered because not everyone has idle money to invest. Other factors such as knowledge, experience, skills... are not too difficult to obtain.

Currently people who knows what Bitcoin is, knows that Bitcoin is an asset and many really want it badly so that they will also be called Bitcoin investors and more of it, some other want to learn what is all about and own it.
From my end, I believe that every asset where ones an investment and when you have enough of if before it's called an asset. Just as those that are into real estate business, they build even when no costumer have come to make an enquiry, and they believes that after building the they will have it as an asset if they didn't sell it. Si from every investment there's an asset.

When trying to invest in Bitcoin, you should only consider the benefit of Bitcoin and how does the Bitcoin and the crypto market works; if you understand Bitcoin, you have no doubt on what to consider since you will have known that it is a decentralized currency that will store the value of your wealth and you will even have benefits if the market go bullish.

For the people criticizing Bitcoin which are mostly government that like centralization for selfish reasons, they will always say that it is been used for illegal activities and money laundering which is not true in some extent; although people are using the means of cryptocurrency and Bitcoin to do illegal activities which is also been done with fiat money as well.

Investors just focus on earning, they don't care if that is decentralized, uncontrollable, or whatever but they see the earning potential of this.
Rich people could hire someone on their behalf to take care of their investment, a smart idea especially if you don't have time to manage it.

As we believe that Bitcoin will continue to grow despite the unpredictable market movement, this makes us think that chances are always there. What we just need is money, trust, and patience. But if we feel we can't make it, we'd rather stop thinking about Bitcoin and think this is not for us. Because it was hard to push through when we are not yet ready to face the reality of being a Bitcoin investor especially when doubts is always in our minds, which only ruined everything and ended in frustration.

exactly we should just focus on what we are doing and leave some people that are talking about bitcoin that is not real is scam, i used to say that anyone that said any bad thing about bitcoin before he said it he should get prove first before he can say negative part about bitcoin, most people don't have money to invest in bitcoin and they will like to try and confuse some people that are interested in investing because they don't have money they will try to stop another person.

The first thing to consider is the market's volatility. You should know how he is and when to start your investment because some individuals do not invest when the price is high they will like the price should drop little before they invest. Second, even if you are losing, you should not sell it at a loss, you should be patient and the price will definitely increase again, that is why is called bitcoin is very good investment, and I see why someone will say he lose in bitcoin, expect is sell when the price is low and he can't wait for the price to raise and get profit before selling it, and when they sell at a loss, they will start complaining that they lost, and bitcoin if you don't have enough money for investment for long time is better you leave it because if you did't invest for long time i think you can't achieve huge profit in bitcoin.

Whenever you intend to invest in bitcoin,its important that you make your own research concerning bitcoin and investments.Take time to learn about blockchain technology,consider learning about cold and hot wallet.Perform the various tasks,explore the cryptocurrency space and ensure That you're ready to invest in it(bitcoin).
There should be a reason why you intend to invest in bitcoin,some people decide to invest in bitcoin because its trending as a digital currency and they end up with so much regrets.

Before investing in cryptocurrency,you should gain a personal understanding of what you hope to achieve from investing in bitcoin as this will help you with solving the risks beforehand and gain your rewards according to your actions.

What you said doesn't just apply to bitcoin investing, it applies to all investments, we should only invest with what we can lose and invest in what we understand well. But what I am seeing is that the majority of people are doing the opposite, many are investing recklessly in bitcoin with money they cannot afford to lose and with the expectation that they can get rich quickly from it. Many people don't even know what bitcoin is, how it works...they just invest through other people's advice. That's why many people panic every time bitcoin corrects.

Almost everything you said have been discussed and tackled here in forum for long time now,
and remember that critics will be critics not until they found something that will benefit them
so don't be alarmed of all those things because you are inside the biggest and safest market
in crypto.
so you are asking what to consider in investing bitcoin? then that is the normal ups and down
and better to expect those movement and try to keep tight for the next bullrun.

Of course, to make an investment, it's a good idea to use more money than we need, so that what happens with this investment is that we still have money to meet our needs, because investment is not just a profit but also a loss.

In investing, the first thing we have to do is understand whether it is the ups and downs of Bitcoin or something else, because if we don't understand it, it's the same as spending money for nothing, in this case study the situation first so that we can take advantage of the situation to make a profit. profit, so that the percentage of loss is not too high.

I think the security point is the main point before the arrival of profits and it is important to note if indeed our investment in BTC has been designated as a long-term investment. In terms of good storage, the private key is always in your hands, additionally install two-factor authentication (2FA) and always use a wallet that has been proven to perform well, of course. Maybe in addition, don't forget to follow the developments related to regulations that develop in your country, in this case BTC.

Honestly, I don't think everyone  out there before investing in Bitcoin needs to know how it works or how to use it  unless you are a hands on person and inquisitive enough to want to know your way around BTC , for the guys with big pockets...these will get financial advisors to do the heavy lifting for them and will invest in BTC without even knowing the mechanics of BTC itself .

When someone makes an investment, of course they must actually use funds that they do not need for other purposes and also if they fail in the investment they make then this will not cause them to experience financial difficulties as a result of the investment they make and hinder their investment in the long term. Of course, this is very important because they have to be patient in order to get a profit from what they invest.

To be patient in investing, of course we must first understand the investment well and it is absolutely impossible for someone to persist in investing without properly understanding the investment they are making, that is what is experienced by those who panic when they see the price. Bitcoin is decreasing because they don't understand how it works. Bitcoin is good and for some people who understand it well, there are also those who take advantage of this opportunity to be able to collect more than usual so they can profit from the investments they make.

one of the enemies that the government thinks they have today is bitcoin because they want to regulate it by all means and they think that will happen because in my country, currently, they are not making investing in bitcoin easy. and even going to the extent of making exchanges remove p2p, they are feeling as if Bitcoin is behind the fall of our currency, and if it is the way they are going about it, they are just trying to create more problems because if they get rid of all the p2p, there will be alternatives, and things will eventually get worse. because they wont have anything to lay their hands on. because they can not hold anyone responsible. I wonder where these people get their advisers from.

They are not even trying to look at the good side of Bitcoin all they are putting their focus on is the negative side of it, They are not looking at the opportunities it has given them they can provide jobs but they are trying to fight the opportunity and its usage. they don't want to learn from countries that are making use of Bitcoin as a legal tender. and a lot of people consider profit to be the secondary goal of involvement.

When you always stick to the golden rule about investing only what you can afford to lose even if it's little as long as you decide to invest in it for the long term, you will eventually become successful and also while you are holding some bitcoins, you need to make sure that you have all the knowledge how to prevent yourselves from getting hack of getting victims to those exchanges that are suddenly close. Having enough patience and knowing where to go to catch positivity when the crypto market is not looking well is also an important aspect of this journey because people are panicking when they see all-red in the crypto market while others are just chilling because they know exactly when it would gonna happen.

We can cut out the bitcoin critics about being used for illegal activities because fiat currency and other form of digital currencies were all being used for illegal transactions long before the existence of bitcoin.
Who ever says bitcoin is not a currency might start his own research and check the market, merchants, and any other companies that accepts bitcoin for their service. I'm sure he'll plenty of those.
Now, for you main question ; first thing to consider when investing bitcoin is to be financially ready before you buy your first bitcoin. That means, you need to have back up funds, emergency funds, savings, or whatever funds you call it, in order for you to avoid sudden bitcoin withdrawals (which may incur losses especially during bear market) when you need funds for emergency. To cut things short, you need to invest what you can afford to lose. That is the very basic rule of investment, but people tend to overlook the deeper meaning of it.

Aside from bitcoin investors, I bet the rest of the world has never heard of or cared about decentralization, bitcoin has only existed for 15 years, the concept of decentralization is still too new.

Indeed, things take time to become popular, many bitcoin investors have become too impatient to expect everyone to accept decentralization when the concept is only 15 years old. Not to mention, as I said, everything has pros and cons, decentralization is not perfect and each person will have their own choice. We need to respect each other's decisions, don't try to impose our thoughts on others.

exactly and since he is specifically investing in Bitcoin then that must be safer comparing to
altcoins in which there are tons of numbers considered as shitcoin or trash coins so better settle in bitcoin
with Longer term than just short term that mostly the return is tin that  you should also consider the fee
when taking it out so yes try to buy bitcoin now while its cheap and keep holding for at least a year or 4 .