Bitcoin Forum

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Its the best part and no way to deny that without patience it is quite hard to make profit from crypto investment. After seeing bitcoin price pump and crypto investment potentiality in every singe second new people are joining crypto community with the hope of making easy money by investing in crypto currency but its really hard to say how many of the will be able to fulfil their dream.

From my personal experience I have seen so many new crypto investors who usually run after shitcoins and lose all their money where on the other side some make too much hurry to make early profits but finally results get sour for them.

I hope this thread will help newbies to gather some knowledge about proper crypto investment and strategy of making profits.

I just wish the time comes when all those shitcoins are dumped and taken off websites like CMC and exchanges. They do way more harm than good, but it's hard to take them off because usually these projects earn enough BTC/ETH through sales to "bribe" exchanges so their shitcoin could be kept on.

Shitcoins are definitely a very tempting choice, but unfortunately what you said is more than true. People do get a false feeling of investing in something that'll bring wealth in the future when in reality it's all about very short hypes ending up in lots of people going broke, literally.

My advice is to just hodl as well. Hodl because this is the least risky option you have. In fact, hodling has so far been proven to be the best strategy ever since BTC has started to exist. Out of all the choices I've ever made about crypto, not hodling was always the worst outcome.

There are a lot of people telling that they should've hodl their coins rather than use them for trading.
These days, it's like most crypto beginners' target in cryptocurrency is to trade, because they think doing cryptocurrency trading will make easy money, which they probably saw on random social media that telling crypto trading is to make easy money.

Buy Bitcoin, save a private key of wallet, and HODL or forget it for a few years is best to increase your fiat balance.

Trading is the fastest way to lose your capital. Newbies will be attracted to margin tradings and it is worse and is the faster way to lose capital than Spot trading.

Buy and HODL is easiest way to get profit but not all people can do this. They like trading daily.

Buy and hold is good until the price corrects and you lose 50% of your holdings. It's ok to sell sometimes. Best is to build income streams, not trying to get rich off holding.

Actually many newbies do indeed "buy and hold" but the problem is that is two things:
1. When instead of choosing bitcoin and bitcoin alone, they decide to buy altcoins and then start losing money as they get dumped in long term.
2. They do buy bitcoin but they panic sell it the first time there is some sort of FUD and small drop and lose a ton of money making that bad mistake, some of them panic buy at a higher price to lose more money and end up with a lot less bitcoin than they initially had.

Depends on your risk apetite OP. Sometime selling at a a particular time is good and wait for a bih drop again. Buy and hodl is good if you have no interest to get profit right away and focus on the accumulation and hit a jackpot later on. I think thats a good way for those who dont worry about theit investment for long term. But some have of course worried when they saw their portfolio bleeding. If there is an opportunity to sell then its not bad to take profit and wait for an entry time again.

No doubt, buying and hodling Bitcoin is indeed the safest strategy for a beginner, that is, provided one has already been well-informed about the fact that the price fluctuates all the time.

Hodling seems very easy at first but it actually is not, especially to a beginner who hasn't yet experienced the extremes of price fluctuations. Imagine you're a newbie and you're suddenly seeing the price quickly plummeting down 50% from the price at which you made your purchase. If you're not briefed of that possibility and told to always brace for its possible coming, you might end up one among so many who ended up panic selling.

So if you're a newbie who has decided to buy and hodl, please know that you will go through the best of rides. Just be steadfast, hodl tight, and think of the long term.

Buy and hold is a good strategy for crypto beginners, especially if they don't know how to analyze the market movements. It will make them not too worry if the price moves because they will only sell their coins if the price increase. If the price can't increase in a short time, they can still hold it and buy more amount while they are waiting for the price increase.

But if they can learn more about trading, it is better to trade their coins and make a profit. But that will not be easy as it says because they need skills and experience to make a profit. So if you think you are difficult to analyze where the price will go, it is better to hold for a while.

The funny thing is that your post, which contains a lot of very useful tips, may not be read by newbies. They are lazy. How do people know about this forum? Their friends tell them, and friends probably once made a bounty, and they have developed a reflex to subscribe to such programs. People are greedy by nature, and those who even decided to invest their money in bitcoin will every day and nervously expect its growth, and accordingly wait for their profit. But as soon as bitcoin falls, we see how those who are not sufficiently aware of the fact that bitcoin needs to be stored, immediately sell it, and, as a rule, regret it afterward.
This is the most common scenario of how people become long-term investors :). Having survived our mistakes, and observing further growth, we begin to study more seriously and come to an understanding of Hodling.
I know a lot of people who have gone this way, but I am extremely surprised by those people who work out of habit for 5 years in the bounty, hoping to hit the jackpot on shitty tokens.

The big question is WHEN you buy. If you buy in the middle of a bull run, fail to sell at the top, then the price crashes below your buy price and you're still holding, then you're missing out on the gains that you could have made if you bought later. You'd still be making profits in very long run, most likely, but it shouldn't be that hard to find the bottom or close to the bottom of a cycle. Consider this a slightly advanced for of "buy and hodl".

This is absolutely correct, but if the bolded part is truly "not that hard", no one would lose money on Bitcoin. You may want to elaborate a bit. Personally, I feel like beginners should just dip their toe in, especially if they're in it for the long run; trying to catch dips without experience would simply contribute to decision paralysis.

Also, I share this on threads like this all the time, but statistically, lump sum is statistically better than dollar-cost averaging (https://shitcoin.ninja/post/2021/01/dca-vs-lump-sum-2021-01-edition/). Both have their advantages, but it's always good to have more info before making a decision.

People only lose money in Bitcoin when they FOMO in a middle of a bull run, then panic sell when there's a dip or a crash. What I'm saying is that it's better to wait for the bear market to buy, instead of FOMOing during a bull run, because the price will likely be lower.

I agree that it's better to invest in one ago instead of doing DCA. Bitcoin is growing in long term, so you're missing out on profits by not buying early.

Absolutely correct! It doesn’t matter how long will that coin or token gonna “moon”, but it’s still the best strategy for you to take profits no matter crypto are you holding (except if that is a rug pull type of coin). I had some coins way back in 2018 that doesn’t have any value at all or not listed in any exchanges. A couple of years later, they have listed and I immediately took profit of it. The thing is that we have to acknowledge the risks before buying that specific coin or token.

Hodl when new traders buy at the highest price (near ATH), is a difficult thing for them. In fact, I myself am not a newbie, but if I see assets going down, of course there will be a sense of disappointment. This is a natural thing. Then, one's need for money may be an obstacle to hold, I remember what my friends on the Indonesian board said, both trading and holding is a good thing. The most important thing is asset management. This seems easy, but for beginners, this may just be advice that can't be implemented because of the panic factor.

I agree with You regarding playing on tokens that just appeared yesterday, staking on an obscure platform, it's very risky. I'm currently one of the early shitcoins players, so it's not recommended for beginners to join, because when it's dumped, unlike BTC, it's likely that the dump will end in a scam. if he is a rich person, fine, but for people who put some of their money in crypto and reduce the need to live ^{(of course this is not good from beginning)}, never play in Early tokens.

Every form of investing in cryto currency requires risk none of the methods is totally free. But I agree with you that the first step in learning how to invest in cryto currency is to buy and hodl since it doesn't require much technique. It only needs an emotionally sound mind who wouldn't allow FUD nor FOMO have strong grip on his decisions.

Before committing to such strategies, it would be best if you would first learn about the crypto you will be investing in. For sure, buying during a dip and holding can be a simple strategy for a newbie to earn but there are still a lot of ways on how an investor can earn more without relying on such strategy. It does not work all of the time so might as well find some other ways on how you can benefit in crypto without depending on holding. Just be strategic and wise with your decisions, you wouldn't need to hold for a long time anymore not unless it is the only way, so start studying the coin you want to get involved with.

Generally speaking when you have a "hot wallet" that contains your private keys and your coins and it is exposed to the internet 24/7 as you validate transactions to get paid for it, you are at a very high risk regardless of the cryptocurrency and whether it is a clone coin or not. Not to mention the risks involved when such coins with terrible supply distribution design get dumped hard.

This thread is for total beginners. In order to know when to sell, you need to have quite a lot of knowledge about the history of cryptocurrency market and the current situation. Be able to find real and valuable information, and do not trust fake news. I also believe that buying and holding is the safest way to invest for beginners. Those who did so a few years ago can confirm it for sure.

Surest strategy for newbies, especially in this forum, is to learn and build their account. There are vast opportunities, besides signature campaign, to earn cryptocurrency in the ecosystem. Holding is profitable in the long run, but you still have to (1) buy, and (2) wait. If you buy at ATH, you will have to wait for long until new ATH and finally rake a significant profit. It took about 3 years since the 2017 just to have a 3x return.

Many new crypto beginners do not know what they need to do after they got bitcoin and they only hear or read from other people that the price will go down or up.
But if they can stay calm and not think much about the price, they can hold it for the long term.
@OP gives a good example for the beginners to buy and hold, and the beginners can hold it for at least 2-3 years later.
But do not hold it in exchange for that long-term, but you need to hold it on a private wallet so you do not have to worry about your bitcoin.

The first mistake I made as a newbie in cryptocurrency was that I disregarded the principle of BUY & HODL. Then I'd jump into buying dubious shitcoins without proper research and also because of FOMO. Ofcourse, I wanted to cash out quickly.

The result of my utter disregard for this principle was that I lost lots of money and my peace of mind.

Now that I know better, I've started all over again from the basics of investing. The BUY &HODL principle is like a girdle I carry around now. I'm gonna HODL for as long as possible. I don't jump into any projects I don't understand. In addition, I'm  spending lots of time studying about cryptocurrencies and the technology behind them.

But not just buy and then HOLD. Buying must also be at the right price. Do not you buy a coin at a price that is too high, so the recovery price will be very long. Do not be influenced by FOMO, because FOMO is a trap that makes many people buy too high. Buy and HOLD is a good strategy for the long term. But for the short term Buy and sell when it's profitable is the best way. The initial strategy will determine what you should do.

Sometimes many beginners are only affected by FOMO buying higher and this is not right if in the current state it can be said it will take a long time to recover, by buying and holding how strong beginners will do that unless not expecting in the near future whereas if you look at the market continue then this will be more difficult what he imagined.
Maybe there is a special strategy that must be learned and what the OP said above may be read more carefully, buying and holding can be in beginners to start with.
But sometimes it is FOMO that becomes a lot of traps for them.

This is a very good point to hold to, buying at the wrong time is when the price of bitcoin has increased significantly, like when it was at $60000, but now it is at $38000, some people are losing already. It is very sure that bitcoin price will still increase more than $60000 and reach all-time-high but it can be very long before this is achieved, bitcoin will still one day increase over $100000. But you are right because what could have been double or more gain may result to just little gain. Like now, I am waiting for bitcoin price to reach like $15000 or around $20000 before I will buy. If $60000 is the all-time-high for now, I believe the price can decrease to such amount back.

I am a newcomer who has entered the cryptocurrency for half a year.

These are my experiences in the past six months
1-Buy btc in binance
2-buy altcoin in binance
3-Study the principle of blockchain
4-buy altcoin in shitCEX
5-buy shitcoin in uniswap or pancakeswap DEX
6-add liquid in shit project
7-research white papers on different projects
8-search new project and join in some ico or presale
9-buy and sale nft

That's what I am still using now even though I have been on this scene for a really long time and I gotta say that it's pretty effective especially if you have a lot of bitcoin and you sold it at a really big price which results in big profits.

While we intend passing on the message to buy and hodl, lets be careful what project we buy and hold as not all project are worth holding. Examples of project that did great over time will always be used as an example now that the point we're trying to make is holding is the best strategy although it isn't the safest especially especially when your focus and f investment is on altcoins.

Infact there's no safe way of investing as even bitcoin can be disappointing at time especially when its down times falls within your timeframe of expecting profits from your investment. We have coins that were hyped in the last circle of the bullrun but aren't doing so great now or are dead. One thing we have to understand is the the altcoins market is a very competitive one. You favorite coin could be the best today in the field she's trying to solve but in no time it'll be inferior as a far superior project could be developed.

You choice what best suit your investment pattern, we have different ways of investing and people profit from all the method. It just depends on you find thats works for you and on time. Don't go trading if it isn't your thing or don't go investing if you don't have patience needed to be successful.

Simple enough for beginners to understand. I have to agree that for the short term then buying then selling after making a profit is the best way. But in the long run buy and hold is a profitable strategy and will be good enough to apply for those who are not used to speculating. But a buy and hold strategy will never be suitable for most of the altcoins currently traded in the market. Only bitcoin are recommended initially for beginners to this strategy although it can sometime be disappointing when the desired profit is not met when needed.

Trading is good but always you should have guaranteed that you will win the trade. (I know it's not possible to win all trade). Atleast the winning ratio should be bigger that lose, otherwise holding is better always than trading. Personally I continuing trade for some month I feel I should hold because If I hold the coin then the portfolio would be 2x or more bigger than the trading fund. This happen always to me .LOL


But yeah hold is only for the BITCOIN sometime also for ETH.

This is easier said than done especially if you're holding lots of bitcoin in your wallet.

If you're someone who holds more than like 1 BTC inside your wallet, the slightest increase/decrease on the value of your bitcoin will control your decision whether to cash them or not. Imagine, even the slightest decrease on its value, you're talking about losing thousands of dollars in your wallet. That is why, if you were to decide to HODL your bitcoins, you must have a definite plan on when to exit or cash out your investments before it losses its value even more.

Some beginners just know that Bitcoin is the safest for long-term investments. However, other altcoins that are in the top 10 of CMC can also be considered. Should do some research first, as a beginner should also know what they choose to invest. Because their choices will determine their profits. Apart from Bitcoin altcoins like ETH, BNB, DOT have good potential as well.
All investments will be profitable if you know how to manage them.

This is not true. I don't think all investments are capable of generating profits even when managed properly, cause with some of this 'lottery' coins, you'd have to be really lucky to have bought them early enough and sell when it pumps, it's not really about good management, but just luck. And then again, on the grounds of long term sustainability; it's just Bitcoin and prolly Ethereum you can really trust. Thus I'd not advice users to invest in a coin cause it's in the top ten CMC list of coins, it's an erroneous method of research.

There is no guarantee that the price will continue on increasing forever. If a newbie bought in at ATH, then after 3 years they'd only triple their money assuming they'd sell at ATH. Nobody can tell what results will HODLing bring to someone who bought in right now, at a bit more than half of ATH. Truth of the matter is that the once insane gains that could be had are likely over, and that is precisely why so many newbies are buying into all sorts of altcoin scams – the potential gains being higher, risk be damned.

Trading and investing (hodl) are two different matters though. When you make an investment you need the price to go up in long term which is why bitcoin is the only viable option with the least amount of risk and altcoins are the exact opposite meaning they are worst to be held and have the highest risk.
But when you trade you don't need the price to necessarily go up. There is a lot of profit to be made from a dumping shitcoin. For example when they dump there is always dead cat bounces that could be profitable or simply shorting that shitcoin can give a lot of profit.