Topic: You don't become a big investor by public opinion. (Read 648 times)

Only having money does not make one an investor. Of course an investor should be aware of the potential risks and profits involved in investing. Any investment is risky but if the investor can take appropriate decision by doing proper research or judgement and analysis then there is a great possibility of being profitable from such investment. In some cases, an investor's quick decision-making can lead to success. Everyone who invested and held Bitcoin when it was under $1 is now one of the rich. However, in the early stages of investing, an investor would naturally struggle with various psychological factors before making a decision. Since I have invested a small amount in Bitcoin, I must say that I am an investor and one who is always looking to take advantage of the long-term potential in Bitcoin as much as possible.

We need not rely on others to make decisions for us but instead, we make our own.
And Mr, Buffet is right, we wait several years to see the outcome of our investment because investing doesn't give us an instant profit nor do we expect that. As we can see, only a few people has the courage to invest rather than being a job seeker or employee as they prefer to get money monthly rather than been in investing which is uncertain.

If we want to become a big investor, then we also have to trust ourselves and the opportunity we see, not because people are suggesting this.
We invest in Bitcoin because we see its potential, not only because people are saying so.

I am curious if there are any investors who had bought bitcoin a long time ago
meaning way back 2009 that until now is still holding.
I have a feeling that there is none (I will be glad to be corrected) because the market depends on the demand from the people which affects how an investor thinks.

I am sure that someone who had bought bitcoin let go of it the moment it took off because they were excited to probably have profit
While others probably heard that bitcoin will soon be dead and they should take
Their coins out

This is why it’s extremely important to trust yourself and not listen to others too much
At the end of the day, it’s your money and it’s your responsibility

Should keep in mind that investing in any asset requires due diligence and careful examination of what you are about to jump into. Whether in crypto or any other tangible asset. One should bear in mind that you should take into consideration the pros and cons before buying any of the asset. Are you ready to embrace the worst possible scenario it can give to your funds?

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 A coin that was once sold at $0.09 is now $72K.

Indeed, many people left the distance or simply lost access to their Bitcoins. Since a lot of time has passed since prices were very low, but the community was not as large as it is now; there were not so many exchanges and services and even media. I know personally there are several people who have Bitcoins and bought them for less than 1k and continue to hold them because their goal is 100k and then they will calmly sell them.

Well I don't know about that though, but there's still big possibility that it is true that these wallet owners still have access to them but on another note their is still every possiblity that the owners might have lost access to these wallet because having or leaving coins untouched for so many years is something that I can say only a few percentage of persons can do even if you claim to have all the money to spend and feel not to touch it, it might even be that some of these wallet are owned by people who weren't that certain of the growth of Bitcoin and bought it as low price then with the thought out of curiosity.

We need not rely on others to make decisions for us but instead, we make our own.
And Mr, Buffet is right, we wait several years to see the outcome of our investment because investing doesn't give us an instant profit nor do we expect that. As we can see, only a few people has the courage to invest rather than being a job seeker or employee as they prefer to get money monthly rather than been in investing which is uncertain.

If we want to become a big investor, then we also have to trust ourselves and the opportunity we see, not because people are suggesting this.
We invest in Bitcoin because we see its potential, not only because people are saying so.

Many of the dominant Bitcoin that we think that was lost might not be lost. There are people who still have access to there Bitcoin but decided to leave it there because they have nothing to do with it. When we have enough funds to spend I don't think we would have to temper without our Bitcoin holding even though the price keeps falling and falling, there is nothing to lose at all. There are so many wallets containing huge number of Bitcoin that are just in there resting phase. The owners have nothing to do with it and left it domant for years without any move to transfer it or sell it.

Bitcoin price as of 2009 was $0.09, imagine holding bitcoin from 2009 till date,that would have been a very huge portfolio.
         As an investor you can't afford to think how others do, or structure your investment plans on the opinion of others.
Investment as we all know is risky, because it involves financial asset.
Investment is  like planting a tree that would bear fruit forever, this same way should be the pattern investors think, future prospects...
           Reasons why an investor need to think, align and see what others don't see?
    1)  investments  decisions are not your meal plan decisions, it involves resources to be put at stake, without proper decisions those resources can sink in a second.
Most persons that is still calling bitcoin scam is as a result of wrong decisions they maid earlier.
   2)  investors, bitcoiners that bought bitcoin as of 2010 when it was just $0.30, sometime didn't expect bitcoin would worth $72K  currently.
   As Investors you need to be visualistic and optimistic, imagine what would be going through there brains now, Bitcoin has thought me what I haven’t learnt in any financial class at all.
 That's why I buy the idea of Warrent Buffet  "investment outcomes should be expected after a decade".
    3)   Bitcoin is rallying to a new ATH some have grasp the opportunity and learnt from history about what is to  come and the bright side of this decentralized currency in years to come.Some are holding for;
a) profit making in short term
b) profit making in long term run
Under which category do you fall, if we call ourselves investors then we need to make right decisions and not rest on others decision,media and firms analysis.
        

$1K is considerably big amount when we are talking about the value in single digit or even lesser and that's why it's estimated around 4 million Bitcoins were lost simply because owners didn't have access to the wallet/seeds anymore. Well that made the price more higher and from now on people even hold fraction of it will be lot more careful.

We can just go by our research and knowledge but keep public opinion as optional because the general public will exxagerrate things be it positively or negatively like we have seen in the past if Bitcoin pump they will say Bitcoin to Mars and if it dips then the same crowd would say Bitcoin is bubble or end of Bitcoin etc. we would never earn or be in peace if we listen to public opinion and take calls based on that.

Indeed, many people left the distance or simply lost access to their Bitcoins. Since a lot of time has passed since prices were very low, but the community was not as large as it is now; there were not so many exchanges and services and even media. I know personally there are several people who have Bitcoins and bought them for less than 1k and continue to hold them because their goal is 100k and then they will calmly sell them.

Even who bought Bitcoin when it was less than 10 cents may not even dreamt of seeing Bitcoin valued of 70K and optimistic is too far away for this kind of price difference, they saw something different and decided to throw some money that they have spent on useless gadget or whatever.

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 A coin that was once sold at $0.09 is now $72K.