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Bitcoin => Bitcoin Discussion => Topic started by: Riginac111 on May 01, 2024, 09:32:20 AM



Title: Don't invest in Bitcoin because others are investing in Bitcoin
Post by: Riginac111 on May 01, 2024, 09:32:20 AM
When you want to invest in Bitcoin don't because people is investing in Bitcoin and you invest, I prefer taking my time to make a research before I invest on Bitcoin, Bitcoin invest is good but when you don't take your time to invest in Bitcoin then you will invest wrongly, the first time I invested I did not follow anyone step rather I do follow the research I made before I invest, some persons does not control emotions before they invest they follow a side news to invest on Bitcoin and that is why some of them do experience hard luck for their invest, in summary invest when you want to invest, don't follow the crowd but follow your instinct


Title: Re: Don't invest in Bitcoin because others are investing in Bitcoin
Post by: mrust_mobile on May 01, 2024, 09:39:02 AM
True. If you invest in btc just because other people are also investing, then you will also be selling btc when they are selling and in my experience, the majority are always the losers. That means if you don't sell before everybody else, you will be selling at the bottom. If you don't buy before everybody, you will be buying the top. Following the majority the quickest way of getting poor.

On the top of that, people need to understand what they are buying or selling. That's why they need to do their research before even touching btc or any other crypto. There are many resources that educates people for free. "Price is what you pay, value is what you get."


Title: Re: Don't invest in Bitcoin because others are investing in Bitcoin
Post by: Yaunfitda on May 01, 2024, 09:52:53 AM
When you want to invest in Bitcoin don't because people is investing in Bitcoin and you invest, I prefer taking my time to make a research before I invest on Bitcoin, Bitcoin invest is good but when you don't take your time to invest in Bitcoin then you will invest wrongly, the first time I invested I did not follow anyone step rather I do follow the research I made before I invest, some persons does not control emotions before they invest they follow a side news to invest on Bitcoin and that is why some of them do experience hard luck for their invest, in summary invest when you want to invest, don't follow the crowd but follow your instinct
Yeah, but what do you need to research? I mean it's all over the media, it has it's historical past and we see it as the prime mover and in it's young data, you can see that after the halving, price goes on a parabolic rise and then we see it hitting new all time high. And if you will follow the crowd then maybe you will see some saying that altcoins are also a good investment, even better than Bitcoin because it's gives you a higher return. It might be true, but it's not that easy to find a altcoin that will give you that so called x100 returns in the future. Perhaps what you hear in the beginning about Bitcoin is that it's a "get rich quick" scheme, and you fall for that hype or be influence by others that you think it's going to be very easy sail, which is not.


Title: Re: Don't invest in Bitcoin because others are investing in Bitcoin
Post by: Frankolala on May 01, 2024, 10:05:09 AM
We are in bitcoin forum and every information on bitcoin and technology is being discussed here. Price speculations and how to go about your bitcoin investment is also being discussed, so I don't see why anyone here in this forum will start making too much research on bitcoin, when he already have the basic knowledge of bitcoin. It is people who thinks that bitcoin is a get rich quick scheme, that will be carried away by FOMO and jump into investing without knowing how bitcoin works.

Anyone that is ready to invest in bitcoin, as long you are active in this forum, it is easy as you can invest in bitcoin and continue learning more about bitcoin, you must not know everything first before you start up your investment because time waits for no one, and it is impossible for you to learn everything on bitcoin in one year, because bitcoin is complex and there are new developments in the network frequently.

What I will say is that make a proper calculation on your income, and use the amount of discretionary income that you have to buy bitcoin, regular either weekly or monthly with DCA method, amd learn at the same time on bitcoin here in the forum. Investment should be a personal decision , and not because others are doing it.


Title: Re: Don't invest in Bitcoin because others are investing in Bitcoin
Post by: Plaguedeath on May 01, 2024, 10:08:59 AM
In general, I agree someone shouldn't only riding the wave without any knowledge.

Because they need to learn about the reason they want to invest in Bitcoin except the price, non custodial wallet, how to backup their seed phrase, choosing CEX or DEX and basic computer security.

But if someone buy Bitcoin without learn anything, it's still a good choice if they didn't panic sell and can hold for long term. The biggest mistake that did by Average Joe is sell the coins when it doesn't move like what they expect.


Title: Re: Don't invest in Bitcoin because others are investing in Bitcoin
Post by: Reatim on May 01, 2024, 10:13:40 AM
invest when you want to invest, don't follow the crowd but follow your instinct

People who go against the general sentiment will come out on top trust me. When people are trying so hard to pull out of bitcoin, enter the market just as the price drops. Do not think or be worried that maybe there is something wrong with bitcoin.

Do your own research and better if you learn to analyze the past trends from before and try to speculate how the market will move in the future.


Title: Re: Don't invest in Bitcoin because others are investing in Bitcoin
Post by: CryptoBuds on May 01, 2024, 10:17:30 AM
I completely agree with what you said and besides that I also want to emphasize to those who like to give bitcoin investment advice to others. We should limit cramming or convincing someone to invest in bitcoin when they don't know anything about it. Instead, give them basic knowledge about bitcoin and let them decide for themselves whether to invest in it or not.

Many bitcoin investors are ignoring the risks and fluctuations of bitcoin and giving investment advice to others just because they want bitcoin to quickly become popular. But this will not help bitcoin become popular quickly, on the contrary, it could damage bitcoin's reputation as well as harm those who receive advice from us.


Title: Re: Don't invest in Bitcoin because others are investing in Bitcoin
Post by: I_Anime on May 01, 2024, 10:23:47 AM
When you want to invest in Bitcoin don't because people is investing in Bitcoin and you invest, I prefer taking my time to make a research before I invest on Bitcoin, Bitcoin invest is good but when you don't take your time to invest in Bitcoin then you will invest wrongly, the first time I invested I did not follow anyone step rather I do follow the research I made before I invest, some persons does not control emotions before they invest they follow a side news to invest on Bitcoin and that is why some of them do experience hard luck for their invest, in summary invest when you want to invest, don't follow the crowd but follow your instinct

Investing is one choice, but when it comes to investing in Bitcoin one don't actually require much knowledge like technical and all that before jumping into it. One just need the basic knowledge of Bitcoin and some good cashflow for the accumulation part . Because if you are the type that want to focus on knowing more about bitcoin before investing in it , you may endup missing out big time . Because the price movements actually wait for no one .

That's why most time is better to gather some nice basic knowledge about bitcoin first , then start accumulating and as you are holding and accumulating you can focus more in knowing more about bitcoin while you hodl. Because is only those that are into shitcoins would have to take their time to learn more about that particular shitcoins Before jumping which is a total waste of time .

Instead of wasting time with such , just focus on Bitcoin accumulation and this forum a whole is full with nice knowledge about Bitcoin so as you are holding you can learn more about Bitcoin here from knowledgeable users here.


Title: Re: Don't invest in Bitcoin because others are investing in Bitcoin
Post by: btc78 on May 01, 2024, 10:36:14 AM
I also want to emphasize to those who like to give bitcoin investment advice to others. We should limit cramming or convincing someone to invest in bitcoin when they don't know anything about it. Instead, give them basic knowledge about bitcoin and let them decide for themselves whether to invest in it or not.

When introducing bitcoin to someone let out all of it in front. Be it the good and the bad, you have to let the person you are talking to to be aware and exposed to what they could be entering.

It seems complicated to be honest this is why I just don’t give any advices to anyone about bitcoin unless of course they ask me first but otherwise I keep my mouth shut.


Title: Re: Don't invest in Bitcoin because others are investing in Bitcoin
Post by: Catenaccio on May 01, 2024, 10:54:10 AM
When you want to invest in Bitcoin don't because people is investing in Bitcoin and you invest, I prefer taking my time to make a research before I invest on Bitcoin
It is classic advice like from book or course and it is useless for many people. Successful and careful people will do their research before investment and they will not need this advice. It's because they are type of people who are carefully with their action and will do it naturally.

For another type of people, careless ones, they will not keep this advice in their mind and will react carelessly as their natural actions not only in Bitcoin market but generally in their life, with everything.

Most of people are careless and losers in this market but your advice is good. It can be helpful for people who are careless but can change themselves.


Title: Re: Don't invest in Bitcoin because others are investing in Bitcoin
Post by: batang_bitcoin on May 01, 2024, 11:09:45 AM
When you want to invest in Bitcoin don't because people is investing in Bitcoin and you invest, I prefer taking my time to make a research before I invest on Bitcoin, Bitcoin invest is good but when you don't take your time to invest in Bitcoin then you will invest wrongly, the first time I invested I did not follow anyone step rather I do follow the research I made before I invest, some persons does not control emotions before they invest they follow a side news to invest on Bitcoin and that is why some of them do experience hard luck for their invest, in summary invest when you want to invest, don't follow the crowd but follow your instinct
DYOR is really recommended thing to do. At least you have the idea why people are flocking to Bitcoin. We tell everyone to invest and then we don't forget to give them a remember that they should only invest what they can afford to lose but before that, they need to do their own research. Even I, I didn't invest because everyone is investing but I did my silent research on it before I have entrusted my hard earned money and invested into it.


Title: Re: Don't invest in Bitcoin because others are investing in Bitcoin
Post by: MeGold666 on May 01, 2024, 11:19:51 AM
The problem is that people shouldn't be only investing in cryptocurrencies but instead using them as they are using regular banks and FIAT money - for a secure store of money and to be used everyday.

Unfortunately most people got into cryptocurrency world due to countless stories of getting rich and they missed the point entirely, bought into X project and started mindlessly copy/pasting glorifying posts about it to hopefully increase their bags value which in the long term only hurts the value.

If people would stop posting "HODL" and "Number goes up" threads and instead just used it as it supposed to be used (without CEX or any custodial wallet!) then the price would naturally go up anyway but would be more stable because it would be propelled by true usage and not mainly by speculators and their pumpy-dumpy scheme.

Speculators who earn by pumping and dumping would still exist but the percentage of impact on the price would be much smaller as users (as oppose to hodlers) would have more moving force than them.

By only holding (not using it) the true value disappears and what we get is a bubble of greater fool.
I'm not saying you shouldn't use it as investment at all, you can just like you can FIAT money from different countries but mainly it should be used.

Hodler = Zombie coins.

If you're not using it, you are not participating in the market and actually making it weaker by handing more power to speculators who don't want for the "number" to go up but fluctuate, the more drastic the fluctuation the more gains they have.

Cryptocurrency is not "Digital Gold", never was, never will. It is Digital Money.


Title: Re: Don't invest in Bitcoin because others are investing in Bitcoin
Post by: yazher on May 01, 2024, 11:23:32 AM
You will need to get your plan when you want to invest because not all people have the same capital for their investment and when you want to mimic the other's strategies, you better not do like those who invest big money while you are struggling with your financial needs. It's up to you to invest but to go overboard will cause more harm to you than benefit because the crypto market is volatile and you will have lots of depress moments before you actually see the results of your investment. You just need to follow the simple rules, where you invest what you can afford to lose and do it your own way no the other way around.


Title: Re: Don't invest in Bitcoin because others are investing in Bitcoin
Post by: Husires on May 01, 2024, 11:31:35 AM
Do not invest in something that you do not understand anything about, or at least do not have basic knowledge about.
Investing in Bitcoin is good for those who want a stable, long-term investment and do not think about withdrawing their money within the next 6 years. However, for those who want a quick profit and wealth, Bitcoin is not the most suitable investment for that.


Title: Re: Don't invest in Bitcoin because others are investing in Bitcoin
Post by: Rockstarguy on May 01, 2024, 11:37:16 AM
the first time I invested I did not follow anyone step rather I do follow the research I made before I invest, some persons does not control emotions before they invest they follow a side news to invest on Bitcoin and that is why some of them do experience hard luck for their invest, in summary invest when you want to invest, don't follow the crowd but follow your instinct
The best step one will take in bitcoin is to just be yourself and do the right things that can yield positive results.  It is common young people choose to invest in bitcoin because their are investing in Bitcoin and they showed interest because of their friends investment in bitcoin just to feel among without knowing anything concerning bitcoin.  It is always important for one to understand what you are investing on. Bitcoin is volatile and it is hard on how to go about it when their is no good understanding about bitcoin.

The reason why people needs to invest in bitcoin should be because they know it and understand the volatility of the market and to understand the risk in bitcoin than investing on something you are not sure about.


Title: Re: Don't invest in Bitcoin because others are investing in Bitcoin
Post by: rodskee on May 01, 2024, 11:45:21 AM
When you want to invest in Bitcoin don't because people is investing in Bitcoin and you invest, I prefer taking my time to make a research before I invest on Bitcoin, Bitcoin invest is good but when you don't take your time to invest in Bitcoin then you will invest wrongly, the first time I invested I did not follow anyone step rather I do follow the research I made before I invest, some persons does not control emotions before they invest they follow a side news to invest on Bitcoin and that is why some of them do experience hard luck for their invest, in summary invest when you want to invest, don't follow the crowd but follow your instinct
Actually when you are talking about Bitcoin it is OK to just follow what others are doing
because this is the safest and most promising and secured currency in crypto , tell this word if
they are into shitcoin or other altcoins aside from bitcoin.
and also Bitcoin is not about luck or instinct because this is a proven currency that have shown
the world what is this capable off.


Title: Re: Don't invest in Bitcoin because others are investing in Bitcoin
Post by: Yamifoud on May 01, 2024, 11:48:54 AM
I invest in Bitcoin because I see many people are into it. I see no wrong about it because it doesn't mean I don't do any research before deciding to take risks. It is just wrong if you invest blindly because someone told you, not because you already have an idea of what is all about.
Never be doing this if we are;
 - lack of knowledge
 - uncertain
 - can't afford to take risk
 - impatient

We don't get jealous if somen becomes rich and successful from investing in Bitcoin instead, know what they are doing and do the same.


Title: Re: Don't invest in Bitcoin because others are investing in Bitcoin
Post by: leonair on May 01, 2024, 12:15:02 PM
When you want to invest in Bitcoin don't because people is investing in Bitcoin and you invest, I prefer taking my time to make a research before I invest on Bitcoin, Bitcoin invest is good but when you don't take your time to invest in Bitcoin then you will invest wrongly, the first time I invested I did not follow anyone step rather I do follow the research I made before I invest, some persons does not control emotions before they invest they follow a side news to invest on Bitcoin and that is why some of them do experience hard luck for their invest, in summary invest when you want to invest, don't follow the crowd but follow your instinct
People who invest in Bitcoin by because others are doing it, I am sure they also invest in other coins by watching others, and at the end of the day they face losses. There is no way you have to do any kind of investment just because someone else has done it. Before making any investment, you must do a good analysis by looking at its pros and cons and then make sure that the investment is suitable for you.  I always think that a new investor should start his investment with Bitcoin and it must be for long term so he won't face loss.


Title: Re: Don't invest in Bitcoin because others are investing in Bitcoin
Post by: Gaza13 on May 01, 2024, 12:29:55 PM
When you want to invest in Bitcoin don't because people is investing in Bitcoin and you invest, I prefer taking my time to make a research before I invest on Bitcoin, Bitcoin invest is good but when you don't take your time to invest in Bitcoin then you will invest wrongly, the first time I invested I did not follow anyone step rather I do follow the research I made before I invest, some persons does not control emotions before they invest they follow a side news to invest on Bitcoin and that is why some of them do experience hard luck for their invest, in summary invest when you want to invest, don't follow the crowd but follow your instinct
It's appropriate that if we want to invest anywhere, it's a good idea to search first before buying. Even if someone doesn't have the basics in tracking assets, but they want to invest and already know the risks, they will definitely look for news or information from anywhere, including influencers, if the influencer educates the public properly and correctly in investing, they will tell them to buy Bitcoin, I I think they chose correctly.

In my opinion, the wrong person is what you said above, with minimal experience and knowledge. The first thing they think about is how to make very short profits in crypto so they look for hyped coin news, I think that's where they go wrong. What we all know is that investing in Bitcoin with the expected profits certainly requires a lot of time, we need extra patience in maintaining our assets.


Title: Re: Don't invest in Bitcoin because others are investing in Bitcoin
Post by: PrivacyG on May 01, 2024, 12:39:38 PM
I rather have people invest in Bitcoin like sheep than purchasing NFTs and all the other Bull Shit they are offered that they think will make them Rich.

Investing is a thing some body needs to experiment if they have not yet however.  You could feel ready for becoming an investor and once you put the Money in there and the Market enters a dump, you will not be so sure of your choices any more.  It is worth starting with a little bit of Money and building your Portfolio from there.  Every body under estimates how much a significant Market move can impact them emotionally, until it actually happens and they start panicking.


Title: Re: Don't invest in Bitcoin because others are investing in Bitcoin
Post by: kawetsriyanto on May 01, 2024, 12:48:25 PM
When you want to invest in Bitcoin don't because people is investing in Bitcoin and you invest, I prefer taking my time to make a research before I invest on Bitcoin,
Indeed. Investing in Bitcoin must be based on our own desire, don't invest because of following others only. There are too many failed people because they have no knowledge, they just follow others. This is a bad idea, investing in Bitcoin should have good knowledge. Although Bitcoin is a quite safe coin but it doesn't automatically give profits. We must know the market trend, the cycle, and always update the current news.

Anyway, taking a research is a must, it is an important part of investment. Without a research, we only gamble with Bitcoin because we don't know anything about the potential of Bitcoin.

Bitcoin invest is good but when you don't take your time to invest in Bitcoin then you will invest wrongly, the first time I invested I did not follow anyone step rather I do follow the research I made before I invest, some persons does not control emotions before they invest they follow a side news to invest on Bitcoin and that is why some of them do experience hard luck for their invest, in summary invest when you want to invest, don't follow the crowd but follow your instinct
You're right. If we don't want to take a research, it is surely high risk to put money in Bitcoin or any other crypto coins. Moreover if we have no good emotion-control, it is a bad idea to invest for a long time in Bitcoin. I think Bitcoin investment is for patient people only, it is because we need to wait for years to take profits.



Title: Re: Don't invest in Bitcoin because others are investing in Bitcoin
Post by: Queentoshi on May 01, 2024, 12:50:59 PM
...
We mostly have to make decisions based on our personal reasons, not due to the reasons of others. Even like investment decisions too. There are people who invested in bitcoins because others where investing, these people because of their lack of personal reason of investing turn out to be weak holders of bitcoins. When there is a personal reason for investing, you become a more dedicated holder who has something to remind themselves with whenever there is the temptation to sell off investment. A personal reason is self-motivating.


Title: Re: Don't invest in Bitcoin because others are investing in Bitcoin
Post by: joeperry on May 01, 2024, 01:05:04 PM
... in summary invest when you want to invest, don't follow the crowd but follow your instinct
That's right and this is not only applicable to Bitcoin but also other cryptocurrency as well, though I wouldn't think trusting your instinct is good in trading or investment because sometimes instinct is not right and it's still better if you are going to invest or trade with supporting data on why you should invest on it because your research and your time studying the coin would be pointless if you are just going to follow your instinct. I still believe that in trading and investing, trusting your guts wouldn't be that helpful.


Title: Re: Don't invest in Bitcoin because others are investing in Bitcoin
Post by: Nrcewker on May 01, 2024, 01:07:36 PM
Golden rule of investment is don’t take advice from others. No one will tell you the method if they are actually making money from it. You have to do your own research before investment. It is your hard earned money, so you should be the one making the decision where to invest or not. Now regarding investment in Bitcoins, then it’s a good decision, as Bitcoins are fixed in supply and more people are increasing the demand to accumulate the coin. Hence the price will definitely go up and results you in good profit.


Title: Re: Don't invest in Bitcoin because others are investing in Bitcoin
Post by: michellee on May 01, 2024, 01:21:54 PM
Before investing in Bitcoin, we must do research so we can know how to get started. We can repeat mistakes that have been experienced by other people and by doing research, we can avoid them. We should take the time to learn how to invest in Bitcoin well.

With that research, we can find a good time to invest in Bitcoin, especially if the price decreases. We can prepare ourselves by determining when we can buy Bitcoin. With the knowledge we have, we can start investing in Bitcoin and save it until it is time to sell the Bitcoin.

We have to find ways that are right for us and don't need to follow what other people do. These methods will not be the same for everyone and that is why, we have to do research. When everything is going well, we just have to wait for the time to sell the Bitcoin and take the profit.


Title: Re: Don't invest in Bitcoin because others are investing in Bitcoin
Post by: Spaceman1000$ on May 01, 2024, 01:49:53 PM
When you want to invest in Bitcoin don't because people is investing in Bitcoin and you invest, I prefer taking my time to make a research before I invest on Bitcoin, Bitcoin invest is good but when you don't take your time to invest in Bitcoin then you will invest wrongly, the first time I invested I did not follow anyone step rather I do follow the research I made before I invest, some persons does not control emotions before they invest they follow a side news to invest on Bitcoin and that is why some of them do experience hard luck for their invest, in summary invest when you want to invest, don't follow the crowd but follow your instinct
Investing in Bitcoin does not really go with instincts, it goes with knowledge, how knowledgeable you are about the concept of Bitcoin will determine how you can be able to easily navigate and create an investment system for yourself. Bitcoin is not like a quick fix financial investment system, it requires patient and a long time plan, however It has little to do with your emotions or your instinct but more to do with your knowledge, so I would rather say that let your instincts be knowledge base and also have a strong conviction while investing in Bitcoin.


Title: Re: Don't invest in Bitcoin because others are investing in Bitcoin
Post by: Riginac111 on May 01, 2024, 01:59:18 PM
...
We mostly have to make decisions based on our personal reasons, not due to the reasons of others. Even like investment decisions too. There are people who invested in bitcoins because others where investing, these people because of their lack of personal reason of investing turn out to be weak holders of bitcoins. When there is a personal reason for investing, you become a more dedicated holder who has something to remind themselves with whenever there is the temptation to sell off investment. A personal reason is self-motivating.
yeah that's is the thing I'm emphasizing on because when you look at some other person's investment you will see that they always take advice from people without knowing their own worth, the thing that is important is for we to take our decision and basically focus on things we do, not depending on people ideas


Title: Re: Don't invest in Bitcoin because others are investing in Bitcoin
Post by: GiftedMAN on May 01, 2024, 02:01:12 PM
Bitcoin investment is not like gambling that sometimes need instincts to pick the right matches to play this is a serious financial business that involves money, time and follow-up, op you may decide not to invest when others are investing maybe because you are not don't have the financial capacity to invest with or you don't have knowledge but if you are following up on the forum informations here on the forum and find out that the price of Bitcoin is low then don't fail to utilize the opportunity to buy when others are buying because the price may not be the same again when you are fully ready to buy.

Once you are not a newbie in the cryptocurrency world you will understand the point that after making your own research and personal determination you will realize that if you have a stable income, every moment the price of Bitcoin drops is an opportunity for a good investor to keep buying more of Bitcoin.


Title: Re: Don't invest in Bitcoin because others are investing in Bitcoin
Post by: arjunmujay on May 01, 2024, 02:06:12 PM
When you want to invest in Bitcoin don't because people is investing in Bitcoin and you invest, I prefer taking my time to make a research before I invest on Bitcoin, Bitcoin invest is good but when you don't take your time to invest in Bitcoin then you will invest wrongly, the first time I invested I did not follow anyone step rather I do follow the research I made before I invest, some persons does not control emotions before they invest they follow a side news to invest on Bitcoin and that is why some of them do experience hard luck for their invest, in summary invest when you want to invest, don't follow the crowd but follow your instinct
Investing in Bitcoin does not really go with instincts, it goes with knowledge, how knowledgeable you are about the concept of Bitcoin will determine how you can be able to easily navigate and create an investment system for yourself. Bitcoin is not like a quick fix financial investment system, it requires patient and a long time plan, however It has little to do with your emotions or your instinct but more to do with your knowledge, so I would rather say that let your instincts be knowledge base and also have a strong conviction while investing in Bitcoin.
There is no such thing as an investment that can be completed quickly, whether it's bitcoin or investing in the stock market. investors will definitely hold these assets for a long period of time.
Therefore, before deciding on an investment, it is better for you to prepare yourself to spend time researching what you want to hold. and never invest using money for basic needs.

The biggest mistake of novice investors is that they want to increase the value of their assets in a short period of time. and using money that is not appropriate. When you use money for basic needs, of course your portfolio will be disrupted, this does not apply to Bitcoin investments only, but all investment instruments.


Title: Re: Don't invest in Bitcoin because others are investing in Bitcoin
Post by: NewRanger on May 01, 2024, 02:18:18 PM
yeah that's is the thing I'm emphasizing on because when you look at some other person's investment you will see that they always take advice from people without knowing their own worth, the thing that is important is for we to take our decision and basically focus on things we do, not depending on people ideas

There are many opportunities to accumulate bitcoins by investing properly and smartly freely to get the best income from bitcoin. Listening to the advice of the more senior ones is a must, but the return of the final decision usually falls in our own hands and with consequences.

For the new investors coming in these days, their positions are pretty stinky I think where they get the best moment when all cryptocurrencies go down like they are right now. Well. About the price, many people believe after half the price of bitcoin will rise.


Title: Re: Don't invest in Bitcoin because others are investing in Bitcoin
Post by: freedomgo on May 01, 2024, 02:37:36 PM
Golden rule of investment is don’t take advice from others. No one will tell you the method if they are actually making money from it. You have to do your own research before investment. It is your hard earned money, so you should be the one making the decision where to invest or not. Now regarding investment in Bitcoins, then it’s a good decision, as Bitcoins are fixed in supply and more people are increasing the demand to accumulate the coin. Hence the price will definitely go up and results you in good profit.
I think it’s okay to take advices but learn to filter them first. Have your own research so you can verify if their advices are good and reliable, otherwise you will end up fed with wrong information that will cause your future mistakes and losses.

Bitcoin is a good investment not because others are saying so, but because you discovered from your own research its high potentials to succeed. Hence, sticking to bitcoin with a good amount of capital is the wisest thing to do.


Title: Re: Don't invest in Bitcoin because others are investing in Bitcoin
Post by: mvdheuvel1983 on May 01, 2024, 03:06:39 PM
When you want to invest in Bitcoin don't because people is investing in Bitcoin and you invest, I prefer taking my time to make a research before I invest on Bitcoin, Bitcoin invest is good but when you don't take your time to invest in Bitcoin then you will invest wrongly, the first time I invested I did not follow anyone step rather I do follow the research I made before I invest, some persons does not control emotions before they invest they follow a side news to invest on Bitcoin and that is why some of them do experience hard luck for their invest, in summary invest when you want to invest, don't follow the crowd but follow your instinct

Investment should be done on a personal note, it is not advisable for an intending investor to invest based on speculations or interesting news that match his mindset, we can't dispute the fact that Bitcoin is valuable and profitable asset but intending and prepared investors should also know that Bitcoin is been controlled by different events and these events are unpredictable, thats why if you actually wants to invest, you must be prepared for any of this events, bitcoin as a profitable asset is not a quick rich scheme where you expect to make money immediately you invest, it doesn't work that way, you must activate your mind for long term investment if not, you may not benefit that which awaits you in the long run.

The first thing I find interesting in Bitcoin is that when you are investing, don't use all your money in other to avoid being a premature decision taker and again make sure that you choose the strategy that fits your earnings so that you keep investing gradually.
Bitcoin is very remarkable in the world of investment but be prepared mentally before you can invest, although you may not be needing an advanced knowledge to invest in bitcoin but whatever decision you take as an investor should be personal.


Title: Re: Don't invest in Bitcoin because others are investing in Bitcoin
Post by: EarnOnVictor on May 01, 2024, 03:51:00 PM
When you want to invest in Bitcoin don't because people is investing in Bitcoin and you invest, I prefer taking my time to make a research before I invest on Bitcoin, Bitcoin invest is good but when you don't take your time to invest in Bitcoin then you will invest wrongly, the first time I invested I did not follow anyone step rather I do follow the research I made before I invest, some persons does not control emotions before they invest they follow a side news to invest on Bitcoin and that is why some of them do experience hard luck for their invest, in summary invest when you want to invest, don't follow the crowd but follow your instinct
Well, people are the reason why others are investing in Bitcoin because if they never tried it to tell the good news about it, others may never know the opportunities in it not to mention of spreading it on social media and other outlets for others to know. This means that it should come first from people regardless of what we believe and there is nothing we can do about it. But the good advice is that we should not be a blind follower of anything, which includes Bitcoin, we should investigate them, learn them and find the means to manage our risks regarding them. This is why we always advise that everyone should do their own reached and never be too trusting. A lot of people who knew nothing about Bitcoin introduced their friends and families to it, but to what end? Loss and mismanagement!

They will definitely mismanage their way into it and lose since they never prepared for it but will only start complaining later. But the instinct, I do not agree with you, do not gamble your investments with instincts, you should know it, be a good speculator and manager, and most importantly, every investor needs to be the friend of their trading chart.


Title: Re: Don't invest in Bitcoin because others are investing in Bitcoin
Post by: Yatsan on May 01, 2024, 03:56:41 PM
I won't say that this isn't correct. Indeed, you should not engage into something just becuse others did the same thing. Much if better for you to study that particular thing, perhaps investment in this instance, and decide whether you would still continue or not. It is not bad to conform but always know what you are dealing with. If you'll just be one of those "I will become rich because of Bitcoin" kind of investors, then save yourself early. Why? If something happens, for example a huge decline in market prices, you'd panic and more likely do hasty decisions that could yield to huge and permanent loss. Unlike if you know what it really is, you'd be able to also know what to do and what not to. Bitcoin and investments in general has its own risk that you should manage in order to avoid unecessary outcomes. Profitable indeed but nothing will come fast and easy.


Title: Re: Don't invest in Bitcoin because others are investing in Bitcoin
Post by: Jewan420 on May 01, 2024, 05:29:26 PM
It is always wise to prioritize your own decisions. You should take advice from others, but never follow anyone.

When you follow someone else to buy bitcoins, they will also buy. Following this trend, the market will be bullish, meaning that the price of Bitcoin will be higher at the time of your purchase. The same happens when selling.

When you follow someone and sell bitcoins everyone else will sell ie the market will be bearish. This way you can lose everything. Buy and sell Bitcoin based on your decision with advice from experts. Buy when the market is down and sell when the market is up.


Title: Re: Don't invest in Bitcoin because others are investing in Bitcoin
Post by: Negotiation on May 01, 2024, 05:37:44 PM
When you want to invest in Bitcoin don't because people is investing in Bitcoin and you invest, I prefer taking my time to make a research before I invest on Bitcoin, Bitcoin invest is good but when you don't take your time to invest in Bitcoin then you will invest wrongly, the first time I invested I did not follow anyone step rather I do follow the research I made before I invest, some persons does not control emotions before they invest they follow a side news to invest on Bitcoin and that is why some of them do experience hard luck for their invest, in summary invest when you want to invest, don't follow the crowd but follow your instinct
It's good to do research but there's nothing to panic about with bitcoin. Bitcoin has always been considered the best currency in the crypto market there is no mistake in investing here every investor waits for the price to drop and when the price drops it is a good time to hold. Everyone is using this opportunity to invest in bitcoin you also use this opportunity, you will not fail but you will get success.


Title: Re: Don't invest in Bitcoin because others are investing in Bitcoin
Post by: AnonBitCoiner on May 01, 2024, 06:49:45 PM
We should not always copy the activities of others because there is a big difference among people and if someone is investing in bitcoin then he will have knowledge about it and will have money to put into it. But if we skip to get knowledge and blindly do anything that others are doing then we will regret it if we see that another person has gained huge profit from the same source but we have not.

Take steps according to your knowledge and don't copy others because every Individual cannot do the same thing and if they are doing then it does not mean that they will be equally rewarded. If you want to hold Bitcoin then buy at Lower worth and wait for higher worth to get advantage like that of others but decide according to your fixed target not according to others target.


Title: Re: Don't invest in Bitcoin because others are investing in Bitcoin
Post by: OgNasty on May 01, 2024, 06:53:04 PM
The thing about Bitcoin is that it has a long time preference and is also very volatile.  This is a recipe for disaster for get rich quick folks.  They aren't going to hold for 4 years if they follow the crowd and buy the top.  They sell and take a massive loss very quickly.  Whereas if you actually care about freedom, mankind, government debts, etc...  Bitcoin can be a lifesaver for you.  That's what it needs to be.  That way you hold through the hard times and are rewarded handsomely.  I always tell people who ask me about jumping into BTC as an investment that they should be prepared to hold through 60% losses and four years of waiting.  If they can do that, they'll be ok in BTCland.


Title: Re: Don't invest in Bitcoin because others are investing in Bitcoin
Post by: Mahanton on May 01, 2024, 06:59:30 PM
When you want to invest in Bitcoin don't because people is investing in Bitcoin and you invest, I prefer taking my time to make a research before I invest on Bitcoin, Bitcoin invest is good but when you don't take your time to invest in Bitcoin then you will invest wrongly, the first time I invested I did not follow anyone step rather I do follow the research I made before I invest, some persons does not control emotions before they invest they follow a side news to invest on Bitcoin and that is why some of them do experience hard luck for their invest, in summary invest when you want to invest, don't follow the crowd but follow your instinct
Invest at your own risks and preference as always as this one would really be the one of the primary rule when it comes to investment.Dont make investment just because you have been just simply hyped
by others on which it would really be better that you do really just depend into your own research and would be making out decisions according into on what you had researched.Its not bad to get some ideas from others but making yourself that highly being that dependent with those things then you are just basically putting up yourself on some potential regret later if it turns out that your investment
becomes negative.You would really be having that kind of emotion and this is why it would really be recommended that you should really choosing up with your own decision.

Invest on what you can afford to lose and never ever make yourself that depending into others when it comes to investment decisions. Its always to be you
and dont depend on others.


Title: Re: Don't invest in Bitcoin because others are investing in Bitcoin
Post by: RockBell on May 01, 2024, 07:37:10 PM
Golden rule of investment is don’t take advice from others. No one will tell you the method if they are actually making money from it. You have to do your own research before investment. It is your hard earned money, so you should be the one making the decision where to invest or not. Now regarding investment in Bitcoins, then it’s a good decision, as Bitcoins are fixed in supply and more people are increasing the demand to accumulate the coin. Hence the price will definitely go up and results you in good profit.
Every decision you make has to come from you and even if you listen to people's advice you should know the kind of advice you are listening to because some advice will just put you in more trouble, and that is something have noticed with rich people they will never tell you the actual truth of how they made their money because the truth is that is not always hard work and they will always tell you hard work, there is something they are not telling us. and I think that is an assignment we have to find out how self and look for the right investment to invest and put all our energies into and maybe that way we are going to find out the secret they have refused to tell us. I love the fact that Bitcoin is a fixed-supply with a higher demand and that is what makes it more interesting.

if you are holding you don't have a choice but to continue to hold because selling when the price is down, is not advisable and it shows that you are selling at a loss and no profit is made that is a bad business mentality.


Title: Re: Don't invest in Bitcoin because others are investing in Bitcoin
Post by: Cookdata on May 01, 2024, 07:48:06 PM
When you want to invest in Bitcoin don't because people is investing in Bitcoin and you invest, I prefer taking my time to make a research before I invest on Bitcoin, Bitcoin invest is good but when you don't take your time to invest in Bitcoin then you will invest wrongly, the first time I invested I did not follow anyone step rather I do follow the research I made before I invest, some persons does not control emotions before they invest they follow a side news to invest on Bitcoin and that is why some of them do experience hard luck for their invest, in summary invest when you want to invest, don't follow the crowd but follow your instinct

You should have change your subject or perhaps you complete it so that people will know the message your trying to pass, it look more like click bait.
I think majority of people that invested in Bitcoin today were all thrill by the performance of Bitcoin and what they have learned and hear from others, it's what motivated them so I don't see anything bad in buying Bitcoin because others are buying, those buying aren't fool right.

However, as Bitcoin maximalist it's a very bad idea to buy something you know noyhing about, not just Bitcoin it could be anything. Understanding Bitcoin is very essential and it will save you from a lot of things like the security behind holding Bitcoin, not leaving yourcoin on the centralized exchange and understanding basic sending and receiving Bitcoin you have with you and also staying away from scammers as possible.


Title: Re: Don't invest in Bitcoin because others are investing in Bitcoin
Post by: Bravut on May 01, 2024, 09:29:53 PM
Well said. Prior research need to be done before investing your hard earn money into any financial asset. Following the Media, or crowd and getting involved  into investing in Bitcoin or whatever, like many have done and  regretting now due to loses and mistakes made. This is a clear guide of what everyone should take note of and ensure you understand what you want to get invest in and not from a standpoint of baits (beliefs, quick profits, friends,family) but from a stance of Readiness.


Title: Re: Don't invest in Bitcoin because others are investing in Bitcoin
Post by: Maslate on May 01, 2024, 09:32:46 PM
Well said. Prior research need to be done before investing your hard earn money into any financial asset. Following the Media, or crowd and getting involved  into investing in Bitcoin or whatever, like many have done and  regretting now due to loses and mistakes made. This is a clear guide of what everyone should take not of and ensure you understand what you want to get invest in and not from a standpoint of baits (beliefs, quick profits, friends,family) but from a stance of Readiness.
Exactly. Do not be influenced by the crowd or social media but have your own decision towards your certain investment. Know what to invest after you have done an extensive research, and not become blinded by what the people around saying and just go with the flow. Investing is never easy but risky, so you have to be more   cautious on what and when to invest, so you won’t end up getting scammed because you are investing without knowing.


Title: Re: Don't invest in Bitcoin because others are investing in Bitcoin
Post by: milewilda on May 01, 2024, 09:40:47 PM
Well said. Prior research need to be done before investing your hard earn money into any financial asset. Following the Media, or crowd and getting involved  into investing in Bitcoin or whatever, like many have done and  regretting now due to loses and mistakes made. This is a clear guide of what everyone should take not of and ensure you understand what you want to get invest in and not from a standpoint of baits (beliefs, quick profits, friends,family) but from a stance of Readiness.
Exactly.
But surprisingly there were people who do still end up on committing on the same mistakes not only once but twice on which they cant really be able to resist on hearing out about others opinions and advises and do really tends to follow on whats been said and there are people who never ever do make out that kind of learning until they would really be losing it all on which this is something that they should really be realizing as early as possible. This is why it would really be better that you should really do make out those kind of realizations and would be able to adjust accordingly and think up well on how you should really be acting it out.
Invest at your own risks and never ever listen out on others recommendation because its your money that been used and not theirs. So it would really be just that wise that you would really be basing up on the things
that you have analyzed and on the things that you have researched before you would really be making out that final decision. If it turns out to be that negative or loses then you wont really be having that kind of regret
because you do know that it was your decision or fault.


Title: Re: Don't invest in Bitcoin because others are investing in Bitcoin
Post by: Faisal2202 on May 01, 2024, 10:36:45 PM
When you want to invest in Bitcoin don't because people is investing in Bitcoin and you invest, I prefer taking my time to make a research before I invest on Bitcoin, Bitcoin invest is good but when you don't take your time to invest in Bitcoin then you will invest wrongly, the first time I invested I did not follow anyone step rather I do follow the research I made before I invest, some persons does not control emotions before they invest they follow a side news to invest on Bitcoin and that is why some of them do experience hard luck for their invest, in summary invest when you want to invest, don't follow the crowd but follow your instinct
Well said, although sometimes following the crowd can also make you some bucks but following the crowd is very risky as the market becomes highly volatile. And in this volatility when you make some bucks in profit, you start to become greedy and you think you should hold onto your funds a little more in order to make more profit due to volatility a selling pressure comes and you start to lose the funds and then due to no emotional resistance in yourself, you starts to panic and then panic sell in the loss.

We do not even follow instincts because instincts are based on luck its close to gambling where we don't judge the market first and we don't learn the TA and FA of the market to make the investment. And you used the term investing which I take as for long term (holding) and in holding the best investment strategy is DCA. You might have heard of it. And lump sum also comes handy when market is going down but many prefer to do smart DCA when market goes down.


Title: Re: Don't invest in Bitcoin because others are investing in Bitcoin
Post by: Obim34 on May 01, 2024, 10:53:15 PM
Well said. Prior research need to be done before investing your hard earn money into any financial asset. Following the Media, or crowd and getting involved  into investing in Bitcoin or whatever, like many have done and  regretting now due to loses and mistakes made. This is a clear guide of what everyone should take not of and ensure you understand what you want to get invest in and not from a standpoint of baits (beliefs, quick profits, friends,family) but from a stance of Readiness.
Exactly. Do not be influenced by the crowd or social media but have your own decision towards your certain investment. Know what to invest after you have done an extensive research, and not become blinded by what the people around saying and just go with the flow. Investing is never easy but risky, so you have to be more   cautious on what and when to invest, so you won’t end up getting scammed because you are investing without knowing.
Yes, OP made a good point but he could as well should have to deliberate more on the topic giving a wide insight to what he is trying to convey in his post.

We should understand that Bitcoin investment is not a competition or a die hard affair. Our most likely reason of investing in Bitcoin is for it to yield profits over time, now some persons are now over exercising the opportunity by investing very much of their funds, aiming at the higher the amount of Bitcoin held the much bigger the profits. This alone has shattered many persons financially because later on couldn't keep up with their daily living and would have to sell off their portfolio at a point even lower than what they invested as a result of funds urgency to solve live problems.

This is just a part of the simple knowledge everyone who desires to invest in Bitcoin should understand, so as to avoid certain repercussions that should have been avoided by a simple research before venturing into investing.


Title: Re: Don't invest in Bitcoin because others are investing in Bitcoin
Post by: Kristiyana on May 01, 2024, 10:53:37 PM
I think before you do anything you're suppose to have at least a little knowledge about it, not just jumping into something that you don't even have any idea of, just because your friend always invest in bitcoin and you also want to invest without knowing that he has full knowledge about bitcoin investment, that's the main reason why most people end up losing their money. how can you expect profit to come when you don't even  know the strategies to invest, and also how to hold bitcoin,that is why is not advisable for someone to go into something that he don't have any idea of, so as to avoid losing your fund.


Title: Re: Don't invest in Bitcoin because others are investing in Bitcoin
Post by: Russlenat on May 01, 2024, 11:30:21 PM
...
We mostly have to make decisions based on our personal reasons, not due to the reasons of others. Even like investment decisions too. There are people who invested in bitcoins because others where investing, these people because of their lack of personal reason of investing turn out to be weak holders of bitcoins. When there is a personal reason for investing, you become a more dedicated holder who has something to remind themselves with whenever there is the temptation to sell off investment. A personal reason is self-motivating.
If you are a responsible investor, you will never be carried away by what others are investing but you focus yourself in looking for investments in which that are of high utility and profitability based on your own profound research. That way, it’s less likely to fall on wrong decision making and future losses since you have done your prior examination on the project that you wish to invest. Hence, you know you are investing in bitcoin since it’s the right thing to do.


Title: Re: Don't invest in Bitcoin because others are investing in Bitcoin
Post by: OrangeII on May 02, 2024, 12:26:53 AM
Yes, it is true. Don't invest just because it's hype, or people are talking about it. It would be very wise if we do research first. Many people fail because of this. They follow the hype too much and enter at the wrong time, so they only end up losing money. However, this does not apply only to bitcoin, but all types of investments. In-depth research, and decision making after that is the most appropriate thing to do.


Title: Re: Don't invest in Bitcoin because others are investing in Bitcoin
Post by: Z390 on May 02, 2024, 01:37:12 AM
Most FOMO and panics in the crypto space come from people who lack knowledge about Bitcoin, they are the ones who belong to the hordes, and that is why they do not know when to take profit and when to buy.

They also fell into the category of people who like copying what others are doing, in fact, they will prefer to ask someone to make decisions for them or even tell them to help them invest in Bitcoin, laziness can be a part of the reasons too and most don't want to lose a dime before they gain profits.

Unfortunately, many people are like this, and for the few smart people it's a good thing, that is why over ninety percent of investors always fail, stop following the crowd and start doing things yourself, you will make mistakes as a beginners but thats it if learn from the mistakes.


Title: Re: Don't invest in Bitcoin because others are investing in Bitcoin
Post by: Viscore on May 02, 2024, 03:59:30 AM
Yes, it is true. Don't invest just because it's hype, or people are talking about it. It would be very wise if we do research first. Many people fail because of this. They follow the hype too much and enter at the wrong time, so they only end up losing money. However, this does not apply only to bitcoin, but all types of investments. In-depth research, and decision making after that is the most appropriate thing to do.
The problem with people is that they tend to be more lazy when it comes to doing their own research. They prefer to ride with the hype instead, and just put their trust to those who have been successful with the kind of investment they wish to invest. That’s why a lot of newly investors didn’t make it to the top, because they never  make an effort from the start. And it’s only in the end they’ll realized that some investments may work for others but won’t work for themselves. Maybe their due diligence to exert bigger efforts within their preparation also matters a lot.


Title: Re: Don't invest in Bitcoin because others are investing in Bitcoin
Post by: lovesmayfamilis on May 02, 2024, 08:50:32 AM
People often tend to do what others do out of fear of missing out. But they do not take into account either their financial capabilities or the knowledge that is necessary for this. I especially see young people who are always copying the actions of their more successful comrades, hoping in one way or another to be like them. Buying Bitcoins as an investment is also becoming fashionable, but those who do this not out of an instant desire inspired by someone else’s idea, but by carefully studying all the good and bad points, will definitely be more successful than other investors.


Title: Re: Don't invest in Bitcoin because others are investing in Bitcoin
Post by: pinggoki on May 02, 2024, 09:40:27 AM
There's nothing wrong with going with the flow when it comes to investing, when something is popular, that's where you want to go because that's where the demand is, you don't do the opposite, that's the economics 101 if I recall. So nothing wrong if you invest in bitcoin if others are doing it because that only means that you're going to also be getting the value and benefit that other people will get when you invest in bitcoin, you don't want to be the sucker that would regret not investing and then whining about it in forums and message boards. This is probably the worst advice that I've heard of when it comes to investing, you don't reject something when you know that you're guaranteed to make a profit in the long-term.


Title: Re: Don't invest in Bitcoin because others are investing in Bitcoin
Post by: Zlantann on May 02, 2024, 09:55:28 AM
There's nothing wrong with going with the flow when it comes to investing, when something is popular, that's where you want to go because that's where the demand is, you don't do the opposite, that's the economics 101 if I recall. So nothing wrong if you invest in bitcoin if others are doing it because that only means that you're going to also be getting the value and benefit that other people will get when you invest in bitcoin, you don't want to be the sucker that would regret not investing and then whining about it in forums and message boards. This is probably the worst advice that I've heard of when it comes to investing, you don't reject something when you know that you're guaranteed to make a profit in the long-term.

My father always told me to follow the trend of events to avoid missing out on viable opportunities. There is nothing wrong with investing in Bitcoin because it is now a popular investment among friends or on the internet. Nevertheless, it is important to understand how what you are investing in works. An example is that many people are buying Bitcoin because they heard that the halving will lead to an astronomical increase in the price of the coin. I have seen many people ask questions on the forum why the price has not increased yet. Many of them might become nervous and impatient because of the recent slide in price and might be forced to sell their coins at a loss. But a little study of how the Bitcoin market works would have enlightened them that we are heading for a bigger bull run.


Title: Re: Don't invest in Bitcoin because others are investing in Bitcoin
Post by: Essential10 on May 02, 2024, 10:17:27 AM
When you want to invest in Bitcoin don't because people is investing in Bitcoin and you invest, I prefer taking my time to make a research before I invest on Bitcoin, Bitcoin invest is good but when you don't take your time to invest in Bitcoin then you will invest wrongly, the first time I invested I did not follow anyone step rather I do follow the research I made before I invest, some persons does not control emotions before they invest they follow a side news to invest on Bitcoin and that is why some of them do experience hard luck for their invest, in summary invest when you want to invest, don't follow the crowd but follow your instinct
I agree with you, before doing anything, be it any work, it should be properly analyzed and then action taken. I always try to do proper analysis before doing anything myself. Before investing in Bitcoin digital currency, especially those who are new, they should consider all the aspects before investing, the next objective. Many a times we have seen other people's Bitcoin success and rush to start investing in Bitcoin for profit but at some point when the price of Bitcoin goes down they lose patience and they face losses. I think that those who have or will invest in bitcoins can make a plan before entering the investment, which will make you successful in the future.


Title: Re: Don't invest in Bitcoin because others are investing in Bitcoin
Post by: Alpha Marine on May 02, 2024, 10:34:52 AM
But if someone buy Bitcoin without learn anything, it's still a good choice if they didn't panic sell and can hold for long term. The biggest mistake that did by Average Joe is sell the coins when it doesn't move like what they expect.

Most times when people buy bitcoin without learning anything, they always regret it and that kind of ruins their bitcoin experience. I agree that people don't need to know all about bitcoin before investing, but everybody needs an idea of what they're investing before they invest, even if it's a good asset to invest in.
Before investing in anything it's good to have a solid idea of what it is. With bitcoin, it may not seem like too much of an issue because bitcoin is good to invest in, but when proper research is not carried out before investing in other assets or project, you'll easily fall into scams and lose money.
Research is very good. It prevents us from a lot of problems.


Title: Re: Don't invest in Bitcoin because others are investing in Bitcoin
Post by: Onyeeze on May 02, 2024, 01:21:00 PM
When you want to invest in Bitcoin don't because people is investing in Bitcoin and you invest, I prefer taking my time to make a research before I invest on Bitcoin, Bitcoin invest is good but when you don't take your time to invest in Bitcoin then you will invest wrongly, the first time I invested I did not follow anyone step rather I do follow the research I made before I invest, some persons does not control emotions before they invest they follow a side news to invest on Bitcoin and that is why some of them do experience hard luck for their invest, in summary invest when you want to invest, don't follow the crowd but follow your instinct
it is obvious from my understanding that cryptocurrency investment is a personal race so I believe that when you understanding the doctrine or the normal speculation and the method of Bitcoin you can fully invest on bitcoin without the help of anybody but the problem is that so many of us today do invest because of we see someone investing in Bitcoin and when we invest because someone is investing in Bitcoin not to make us to not the make a proper research of Bitcoin so I don't really like it situation whereby people encourage you to invest in Bitcoin when you have not carry out your own research to know if you're investment and that point in time will it be successful or not


Title: Re: Don't invest in Bitcoin because others are investing in Bitcoin
Post by: Abu-Naim on May 02, 2024, 03:03:15 PM
When you want to invest in Bitcoin don't because people is investing in Bitcoin and you invest, I prefer taking my time to make a research before I invest on Bitcoin, Bitcoin invest is good but when you don't take your time to invest in Bitcoin then you will invest wrongly, the first time I invested I did not follow anyone step rather I do follow the research I made before I invest, some persons does not control emotions before they invest they follow a side news to invest on Bitcoin and that is why some of them do experience hard luck for their invest, in summary invest when you want to invest, don't follow the crowd but follow your instinct
Investing on Bitcoin because others are doing is worth it; you don’t need to do extra research to invest in Bitcoin because of how transparent Bitcoin is for everyone who knows something about the blockchain technology. You can only do extra research if you want to invest in altcoins because they are centralized and can scam you at any time.
Before investing in bitcoin, make sure you know how to manage your Bitcoin wallets, how to send and receive and how to manage your wallet private key because if you lose your private key, your Bitcoin is gone forever.


Title: Re: Don't invest in Bitcoin because others are investing in Bitcoin
Post by: fuguebtc on May 02, 2024, 03:45:23 PM
In general, I agree someone shouldn't only riding the wave without any knowledge.

Because they need to learn about the reason they want to invest in Bitcoin except the price, non custodial wallet, how to backup their seed phrase, choosing CEX or DEX and basic computer security.

But if someone buy Bitcoin without learn anything, it's still a good choice if they didn't panic sell and can hold for long term. The biggest mistake that did by Average Joe is sell the coins when it doesn't move like what they expect.

If they don't have the knowledge and invest in bitcoin by Fomo, how can they stop panicking, stop dumping and hold for a long time? Even if a bear market hits in 2022 and bitcoin is dumped from $69k to $15k, many long-time investors will still feel a bit panicked. So you can't expect investors without any knowledge to hold on to their bitcoins tight and not dump them in a panic.

You are confident and can hold bitcoin today thanks to your understanding of bitcoin, but if you do not have knowledge about it. I bet you will soon be selling bitcoins in a panic, let alone everyone else. No success or wealth will come to you if you have an empty head, don't think that you can get rich with bitcoin without knowledge.


Title: Re: Don't invest in Bitcoin because others are investing in Bitcoin
Post by: m2017 on May 02, 2024, 04:18:37 PM
When you want to invest in Bitcoin don't because people is investing in Bitcoin and you invest, I prefer taking my time to make a research before I invest on Bitcoin, Bitcoin invest is good but when you don't take your time to invest in Bitcoin then you will invest wrongly, the first time I invested I did not follow anyone step rather I do follow the research I made before I invest, some persons does not control emotions before they invest they follow a side news to invest on Bitcoin and that is why some of them do experience hard luck for their invest, in summary invest when you want to invest, don't follow the crowd but follow your instinct
There is a well-known expression “go against the crowd”, that is, one should not be subject to the instinctive actions of the crowd. Masses of people buy - you sell, masses of people sell - you buy. This behavior strategy is not new.

But following your instincts? This is something new. In the case of investments, I would try to adhere to cold calculation and sober reason, rather than instincts. Masses of people, following their instincts (greed, fear), make erroneous and unprofitable investments.

The rest of your message is clear. Think, analyze and make decisions with your own head, without being influenced by the media and people around you. You can shorten your post like this.


Title: Re: Don't invest in Bitcoin because others are investing in Bitcoin
Post by: R100K-Martin-Lunger on May 02, 2024, 05:32:53 PM
I think this is true for any investment. You should only invest in an asset after you have done thorough research instead of following someone else blindly. After all, it is your money that you're investing so if you suffer a loss, it will be your loss and not the person whose advice you followed. That said, I have invested in a crypto fund that has done well to diversify my portfolio so that I have high performing altcoins alongside bitcoin and can enjoy maximum profits.


Title: Re: Don't invest in Bitcoin because others are investing in Bitcoin
Post by: LDL on May 02, 2024, 09:06:20 PM
When you want to invest in Bitcoin don't because people is investing in Bitcoin and you invest, I prefer taking my time to make a research before I invest on Bitcoin, Bitcoin invest is good but when you don't take your time to invest in Bitcoin then you will invest wrongly, the first time I invested I did not follow anyone step rather I do follow the research I made before I invest, some persons does not control emotions before they invest they follow a side news to invest on Bitcoin and that is why some of them do experience hard luck for their invest, in summary invest when you want to invest, don't follow the crowd but follow your instinct
When it comes to investing, you do whatever you want based on your research, regardless of what others have or haven't done. If you care about what others have done, you may lose your investment. Although investing in Bitcoin is not as risky as other altcoins, it is natural that the amount of profit will decrease if you do not invest at the right time. If you are a new investor, you need to invest after considering many things, especially you need to have the ability to control excess greed and emotions. Excessive greed and emotion make you likely to face losses on every investment.


Title: Re: Don't invest in Bitcoin because others are investing in Bitcoin
Post by: stadus on May 02, 2024, 09:10:21 PM
Yes, it is true. Don't invest just because it's hype, or people are talking about it. It would be very wise if we do research first. Many people fail because of this. They follow the hype too much and enter at the wrong time, so they only end up losing money. However, this does not apply only to bitcoin, but all types of investments. In-depth research, and decision making after that is the most appropriate thing to do.
Don’t be blinded with how other people think, but stick to what you think is right and profitable to invest. And set your own time to invest based from your own research, not because you want to rush investing because others are already rushing into it. Success is not measured as to how many have invested on it, but it’s more on how well you are prepared enough to take some calculated risk with your investment.


Title: Re: Don't invest in Bitcoin because others are investing in Bitcoin
Post by: passwordnow on May 02, 2024, 09:41:19 PM
I think this is true for any investment. You should only invest in an asset after you have done thorough research instead of following someone else blindly.
This is actually true, if we go ahead and be back to 2016-2017 era. Many investors were investing due to the influence of the others and not basically they've done their own research. It's important to know what you are investing and what you'd be doing with your money because you are responsible for what you do and not the other people. It sucks when you have invested to something or any crypto tokens or what not and then your main reason because a friend of yours told you to, or you've read a shill told you to do that, you're doing it the wrong way.

After all, it is your money that you're investing so if you suffer a loss, it will be your loss and not the person whose advice you followed. That said, I have invested in a crypto fund that has done well to diversify my portfolio so that I have high performing altcoins alongside bitcoin and can enjoy maximum profits.
They have to realize this that we're all responsible for any results that we do with our money. If fortunately, the random investment that you do and you've just followed the herd and you became profitable, that's good. But I'd tell you that it only happens rarely and this is not going to happen at most times, so it is best to rely on your research, your knowledge. It doesn't have to be in depth, but you should have an idea on what you're doing and spent a couple of times trying to know the basics of it.


Title: Re: Don't invest in Bitcoin because others are investing in Bitcoin
Post by: Natalim on May 02, 2024, 09:53:51 PM
Yes, it is true. Don't invest just because it's hype, or people are talking about it. It would be very wise if we do research first. Many people fail because of this. They follow the hype too much and enter at the wrong time, so they only end up losing money. However, this does not apply only to bitcoin, but all types of investments. In-depth research, and decision making after that is the most appropriate thing to do.
Don’t be blinded with how other people think, but stick to what you think is right and profitable to invest. And set your own time to invest based from your own research, not because you want to rush investing because others are already rushing into it. Success is not measured as to how many have invested on it, but it’s more on how well you are prepared enough to take some calculated risk with your investment.
Many people have lost their money from following other people because they don't have any idea what is all about. We don't have to experience like this which is why I encourage newcomers to prior to learn first as part of self-preparation rather than rushing into buying Bitcoin. We never ignore the risk and volatility of the market because this is the main reason why many investors fail and sell their coins due to panic after seeing the price drops. In fact, this is not a contest that recognizes who is first to invest but this is all about the readiness of the person that likely is going to succeed and reach their goal.


Title: Re: Don't invest in Bitcoin because others are investing in Bitcoin
Post by: Miles2006 on May 02, 2024, 10:10:53 PM
Bitcoin investment is not an easy investment, it’s obvious people who spread bitcoin adoption and awareness out to their friends and different people will definitely hype bitcoin like bitcoin is flawless, perfect etc and unknowingly people go into bitcoin without knowing what they want. An investor believe in bitcoin can determine their investment cause if thinking about the quick money any little price movement they’ll love to panic or sell, secondly just because you see Mr A investment and the investment is going smoothly Mr B will decide to follow without understanding bitcoin I think this is wrong and incorrect for anyone to think of such. Bitcoin investment is a top choice for only those who understand and have knowledge about bitcoin investment, bitcoin knowledge is not difficult to acquire so anyone who is interested should prepare and learn but firstly viewing bitcoin as a god or the most perfect investment is not even good cause you might wake up one morning and see the price of bitcoin going down or rather high transaction fee like what we experience


Title: Re: Don't invest in Bitcoin because others are investing in Bitcoin
Post by: mirakal on May 02, 2024, 11:37:32 PM
...
We mostly have to make decisions based on our personal reasons, not due to the reasons of others. Even like investment decisions too. There are people who invested in bitcoins because others where investing, these people because of their lack of personal reason of investing turn out to be weak holders of bitcoins. When there is a personal reason for investing, you become a more dedicated holder who has something to remind themselves with whenever there is the temptation to sell off investment. A personal reason is self-motivating.
Yes, that’s way more challenging either on how to reach your goal throughout the process. Do not just follow what everyone is rushing to invest, majority of them are not actually aware of what they’re entering. But take time to make your research why you need to invest in bitcoin or even in other assets. With that, you will have clearer reason and motivation why you need to pursue bitcoin despite of having high risk.

And don’t be fooled by other people saying bitcoin is one’s way to get instant rich. Know that you will never be successful in any kind of investment in just a blink of an eye, everything should be succeeded by putting a lot of hard work and patience.


Title: Re: Don't invest in Bitcoin because others are investing in Bitcoin
Post by: SatoPrincess on May 03, 2024, 01:47:57 AM
DYOR has to be the most important thing a newbie should know before putting their money into Bitcoin and cryptocurrencies. People fail to do their own research because they are afraid of missing out of an opportunity, they know the price history of Bitcoin so when bullish news are circulating on the internet, they tend to follow the herd to invest in Bitcoin without following fundamental principles of investment like Invest only what you can afford to lose.


Title: Re: Don't invest in Bitcoin because others are investing in Bitcoin
Post by: bettercrypto on May 03, 2024, 06:12:52 AM
When you want to invest in Bitcoin don't because people is investing in Bitcoin and you invest, I prefer taking my time to make a research before I invest on Bitcoin, Bitcoin invest is good but when you don't take your time to invest in Bitcoin then you will invest wrongly, the first time I invested I did not follow anyone step rather I do follow the research I made before I invest, some persons does not control emotions before they invest they follow a side news to invest on Bitcoin and that is why some of them do experience hard luck for their invest, in summary invest when you want to invest, don't follow the crowd but follow your instinct

That instinct is what an investor needs, although it is not always used. Now, investing in Bitcoin, as you said, is not bad. That's why if you are looking to earn a big ROI on your capital, it is really good that you invest in Bitcoin.

First, its price is too expensive in these times. If you are after a 10x or more return on your capital, that is not suitable for Bitcoin investment; instead, it is better to invest in top altcoins.


Title: Re: Don't invest in Bitcoin because others are investing in Bitcoin
Post by: Marvell1 on May 03, 2024, 08:10:53 AM
When you want to invest in Bitcoin don't because people is investing in Bitcoin and you invest, I prefer taking my time to make a research before I invest on Bitcoin, Bitcoin invest is good but when you don't take your time to invest in Bitcoin then you will invest wrongly, the first time I invested I did not follow anyone step rather I do follow the research I made before I invest, some persons does not control emotions before they invest they follow a side news to invest on Bitcoin and that is why some of them do experience hard luck for their invest, in summary invest when you want to invest, don't follow the crowd but follow your instinct

That instinct is what an investor needs, although it is not always used. Now, investing in Bitcoin, as you said, is not bad. That's why if you are looking to earn a big ROI on your capital, it is really good that you invest in Bitcoin.

First, its price is too expensive in these times. If you are after a 10x or more return on your capital, that is not suitable for Bitcoin investment; instead, it is better to invest in top altcoins.
You are not wrong in saying that if someone is looking for x10 or more returns then investing in bitcoin is not a wise choice. But what do you rely on or have you done any research to be confident that investing in top altcoins will bring you x10 profits? I don't think top altcoins like ETH, BNB, Solana can bring x10 ROI in the next cycle for investors, it's not as easy and simple as you think.

It seems like you just invest without doing any research, you only invest based on inertia and emotions and do not research and analyze each project in detail yourself.


Title: Re: Don't invest in Bitcoin because others are investing in Bitcoin
Post by: Outhue on May 03, 2024, 11:39:10 AM
When you want to invest in Bitcoin don't because people is investing in Bitcoin and you invest, I prefer taking my time to make a research before I invest on Bitcoin, Bitcoin invest is good but when you don't take your time to invest in Bitcoin then you will invest wrongly, the first time I invested I did not follow anyone step rather I do follow the research I made before I invest, some persons does not control emotions before they invest they follow a side news to invest on Bitcoin and that is why some of them do experience hard luck for their invest, in summary invest when you want to invest, don't follow the crowd but follow your instinct

Is it just Bitcoin investment? Nah, this advice is for everything else that has to do with investment, don't invest in something you know nothing about, not even if you know too less, make sure you spend time doing research first.

I had no money when I came across Bitcoin and I ended up having a lot of time to do research, almost everyday I would write up about Bitcoin and after I did this I embarked on Bitcoin mining, I end up understanding a lot about Bitcoin, if I had money from the beginning I could have rushed it up.

Lack of patience with Bitcoin among beginners is because they have the money to risk, they prefer to invest first and learn later and this have made many people yo lose their hard-earned money.



Title: Re: Don't invest in Bitcoin because others are investing in Bitcoin
Post by: GideonGono on May 03, 2024, 05:44:02 PM
Don't invest just because of the hype or someone told you yo do so, always do your own research when it comes to investment, it is your money you should hold accountable for it.
If your  investment goes wrong you don't have anyone else to blame but yourself so do some research before jumping in into any investment.
Make decision for yourself don't let other decide for you.


Title: Re: Don't invest in Bitcoin because others are investing in Bitcoin
Post by: GigaBit on May 03, 2024, 06:22:39 PM
An investor must exercise awareness before investing otherwise his investment may fail. But Bitcoin is one of the best cryptocurrency investments platform. No one who invests in Bitcoin makes mistakes, but if they decide to sell, they are more likely to make mistakes. A large number of new investors invest on the suggestion of others without knowing anything and when the price falls, they try to sell to reduce their risk. This is where they wrong. If an investor invests knowing about Bitcoin then he is definitely making a good investment. Investing without knowledge if the investor invests for long-term then there is no loss. Investors must be profitable.


Title: Re: Don't invest in Bitcoin because others are investing in Bitcoin
Post by: coinerer on May 03, 2024, 06:24:49 PM
When you want to invest in Bitcoin don't because people is investing in Bitcoin and you invest, I prefer taking my time to make a research before I invest on Bitcoin, Bitcoin invest is good but when you don't take your time to invest in Bitcoin then you will invest wrongly, the first time I invested I did not follow anyone step rather I do follow the research I made before I invest, some persons does not control emotions before they invest they follow a side news to invest on Bitcoin and that is why some of them do experience hard luck for their invest, in summary invest when you want to invest, don't follow the crowd but follow your instinct
Because others are investing in Bitcoin, the demand for Bitcoin is very high and you yourself know that the value of things that are in high demand always increases and where the supply of Bitcoin is fixed but its demand is high, the possibility of its price increasing is very high.  And it is a very good plan to invest in things that have a high potential for price appreciation. so why would I be afraid to invest in Bitcoin where everyone else is investing? i don't hesitate to invest in Bitcoin


Title: Re: Don't invest in Bitcoin because others are investing in Bitcoin
Post by: Belarge on May 10, 2024, 12:18:40 PM
Don't invest just because of the hype or someone told you yo do so, always do your own research when it comes to investment, it is your money you should hold accountable for it.
If your  investment goes wrong you don't have anyone else to blame but yourself so do some research before jumping in into any investment.
Make decision for yourself don't let other decide for you.

We should become one of the top whales if we're consistent and abide by the principles set out for us. Don't follow the trends because they will definitely pave wrong path for everyone. We make our decision by ourselves, we don't have to involved anyone because only we know the huge loss ratio to take in and we stand tall when we have make the right choices. We invest in project we know crucial information about and not hooping on a project simply because we've watched our colleagues doing tasks for these projects.


Title: Re: Don't invest in Bitcoin because others are investing in Bitcoin
Post by: Kristiyana on May 10, 2024, 09:17:42 PM
Don't invest just because of the hype or someone told you yo do so, always do your own research when it comes to investment, it is your money you should hold accountable for it.
If your  investment goes wrong you don't have anyone else to blame but yourself so do some research before jumping in into any investment.
Make decision for yourself don't let other decide for you.

We should become one of the top whales if we're consistent and abide by the principles set out for us. Don't follow the trends because they will definitely pave wrong path for everyone. We make our decision by ourselves, we don't have to involved anyone because only we know the huge loss ratio to take in and we stand tall when we have make the right choices. We invest in project we know crucial information about and not hooping on a project simply because we've watched our colleagues doing tasks for these projects.

I think the reason why most people do that is just to feel among, without even knowing the implications, is not advisable to go into something you don't understand, don't take because your friend is into crypto investment, maybe he keep telling you about how much profit he has gained in crypto investment then after all this you decided to dive into crypto investment when you don't even understand the market very well. However  if you're interested in crypto investment first thing you need to do is to learn about crypto investment and also make sure that you understand the market very well before looking out to invest.


Title: Re: Don't invest in Bitcoin because others are investing in Bitcoin
Post by: The Cryptovator on May 10, 2024, 09:27:13 PM
There is no space for emotions in crypto. If you just blindly follow someone about investing in Bitcoin, then it totally depends on your luck, whether you make money or lose money. Because you don't do any kind of research and follow someone blindly. The first thing about Bitcoin investment is learning. Without learning, there is no point of investment. At least we should have basic knowledge about Bitcoin. So yes, I would agree with OP at this point; just don't follow other investors to make your own investment decisions. Make your own investment strategy to be a successful investor. 


Title: Re: Don't invest in Bitcoin because others are investing in Bitcoin
Post by: Crypto Library on May 10, 2024, 09:31:01 PM
When you want to invest in Bitcoin don't because people is investing in Bitcoin and you invest, I prefer taking my time to make a research before I invest on Bitcoin, Bitcoin invest is good but when you don't take your time to invest in Bitcoin then you will invest wrongly, the first time I invested I did not follow anyone step rather I do follow the research I made before I invest, some persons does not control emotions before they invest they follow a side news to invest on Bitcoin and that is why some of them do experience hard luck for their invest, in summary invest when you want to invest, don't follow the crowd but follow your instinct
Why it's for only bitcoin?
I will say don't invest anywhere because others are investing not only for bitcoin always an professional investor will make a proper analysis about his each investment source before investing. In case of bitcoin this is also Indeed because bitcoin is highly volatile that others sources like gold, lands. And here many of us continuously facing losses because of only investing with the hype. Like when bitcoin was dip down at 16k most of them was not interested to invest and for now more over most people are interested to invest on it. And it makes their trading more risks.so always make at least a market analysis before investing in any sources.


Title: Re: Don't invest in Bitcoin because others are investing in Bitcoin
Post by: Wakate on May 10, 2024, 09:35:37 PM
Yes, it is true. Don't invest just because it's hype, or people are talking about it. It would be very wise if we do research first. Many people fail because of this. They follow the hype too much and enter at the wrong time, so they only end up losing money. However, this does not apply only to bitcoin, but all types of investments. In-depth research, and decision making after that is the most appropriate thing to do.
Don’t be blinded with how other people think, but stick to what you think is right and profitable to invest. And set your own time to invest based from your own research, not because you want to rush investing because others are already rushing into it. Success is not measured as to how many have invested on it, but it’s more on how well you are prepared enough to take some calculated risk with your investment.
Investing in Bitcoin should be a personal choice and it is not because we saw people doing it and we want to do the same and what we don't know is that the person we are trying to mimic might have other jobs or business alternatives where they are seeing their money. Now that the price of Bitcoin is down, it could be an opportunity to invest but we still have to check very well so that we don't end up with loses if eventually Bitcoin starts falling below the price we might have bought it. This same thing happens to me in the past and I lose some few dollars.


Title: Re: Don't invest in Bitcoin because others are investing in Bitcoin
Post by: Jegileman on May 10, 2024, 11:25:37 PM
When you want to invest in Bitcoin don't because people is investing in Bitcoin and you invest, I prefer taking my time to make a research before I invest on Bitcoin, Bitcoin invest is good but when you don't take your time to invest in Bitcoin then you will invest wrongly, the first time I invested I did not follow anyone step rather I do follow the research I made before I invest, some persons does not control emotions before they invest they follow a side news to invest on Bitcoin and that is why some of them do experience hard luck for their invest, in summary invest when you want to invest, don't follow the crowd but follow your instinct

It is good to always make research before taking on an investment. A lot of people have invested by following the hype in the news or crowd and have failed massively in their investment while few that are lucky made a lot from such investments. No one is saying bitcoin investment will make you lose all of your money you’ve invested in them. The truth is that, are you willing to control your emotions and be okay as the market go up and down with respect to its volatility? If you’re not ready for that, then bitcoin investment is not for you. You’re not losing your money in bitcoin if you’re ready not to sell in haste but will wait for the right time for your investment to grow, so it has to do with how much you’re willing to sacrifice and not to use now until it has grown to your target before withdrawing the investment.


Title: Re: Don't invest in Bitcoin because others are investing in Bitcoin
Post by: Essential10 on May 11, 2024, 04:15:45 AM
It's best to do your research before making any investment, not just Bitcoin. I didn't find this forum when I invested in Bitcoin, but I didn't do much research on the value of Bitcoin, I just invested thinking that the value of Bitcoin will increase in the future. I mean I'm not investing in alt coins or meme coins here that I have to do extensive research. Did you ever think or research that Bitcoin will reach its peak price before it halves, but I didn't think it would. However, I think if you have a good amount of cash you can use a DCA method where you can continue to make an investment weekly to monthly, this way you will have the advantage of not having to worry about investing in bitcoins. That's why you don't have to wait when the price of Bitcoin drops before you invest all your money in it.


Title: Re: Don't invest in Bitcoin because others are investing in Bitcoin
Post by: bettercrypto on May 11, 2024, 05:41:52 AM
When you want to invest in Bitcoin don't because people is investing in Bitcoin and you invest, I prefer taking my time to make a research before I invest on Bitcoin, Bitcoin invest is good but when you don't take your time to invest in Bitcoin then you will invest wrongly, the first time I invested I did not follow anyone step rather I do follow the research I made before I invest, some persons does not control emotions before they invest they follow a side news to invest on Bitcoin and that is why some of them do experience hard luck for their invest, in summary invest when you want to invest, don't follow the crowd but follow your instinct

Yes, I agree with what you said; it really shouldn't be because there are many people investing. You should provide confirmation as to why so many investors around the world are flocking to him. But if you don't know the reason why you invest in Bitcoin, it's not good, to be honest, in my opinion.

You should really invest because you know the reason and what potential it can give investors in the field of cryptocurrency. That's why others always
say to always do your own research.


Title: Re: Don't invest in Bitcoin because others are investing in Bitcoin
Post by: arjunmujay on May 11, 2024, 05:56:32 AM
It's best to do your research before making any investment, not just Bitcoin. I didn't find this forum when I invested in Bitcoin, but I didn't do much research on the value of Bitcoin, I just invested thinking that the value of Bitcoin will increase in the future. I mean I'm not investing in alt coins or meme coins here that I have to do extensive research. Did you ever think or research that Bitcoin will reach its peak price before it halves, but I didn't think it would. However, I think if you have a good amount of cash you can use a DCA method where you can continue to make an investment weekly to monthly, this way you will have the advantage of not having to worry about investing in bitcoins. That's why you don't have to wait when the price of Bitcoin drops before you invest all your money in it.
You also need to remember, when investing in Bitcoin using DCA, an investor must also pay attention to their actual condition. This doesn't mean that you don't need to prepare emergency funds first by using DCA.
If that happens, your investment portfolio will be in chaos. Not only Bitcoin, all investment instruments such as the stock market will be damaged if you don't have emergency funds. Because Bitcoin's future is very good, that doesn't mean you shouldn't think about the risk of a fairly drastic price drop. be a smart investor


Title: Re: Don't invest in Bitcoin because others are investing in Bitcoin
Post by: dezoel on May 15, 2024, 07:26:02 AM
I think there is a similar saying to this and it goes like " Don't do what others can do or are doing ". It may be because what they are doing are wrong. In crypto, we also have the term FOMO, which can be the same as that and we also been told that it's bad and we must not FOMO. What you acted when you are still starting is commendable OP because typically, a newbie is very curious and excited, so they just jump in the water quickly. They will only realized eventually that the water is deep and they will now start drowning.

There are still exceptional scenarios like for example we decided to follow our own instincts, when the other is more knowledgeable than us and does not mislead people.


Title: Re: Don't invest in Bitcoin because others are investing in Bitcoin
Post by: Kelvinid on May 15, 2024, 11:48:15 AM
When you want to invest in Bitcoin don't because people is investing in Bitcoin and you invest, I prefer taking my time to make a research before I invest on Bitcoin, Bitcoin invest is good but when you don't take your time to invest in Bitcoin then you will invest wrongly, the first time I invested I did not follow anyone step rather I do follow the research I made before I invest, some persons does not control emotions before they invest they follow a side news to invest on Bitcoin and that is why some of them do experience hard luck for their invest, in summary invest when you want to invest, don't follow the crowd but follow your instinct
Don't invest if you are not ready because this is the main reason why old investors fail and lose their money as we can't invest blindly and are reliant on others, nobody helps us. So, therefore, help ourselves first to know the market more rather than rushing because in the end, we are still the ones who suffered the most, not those who told us. We act cautiously and become a responsible investor because this is the way it helps to reach our goals and succeed. We take a look at the early investor's experience and make it a reason why we should prepare more than what they did before.


Title: Re: Don't invest in Bitcoin because others are investing in Bitcoin
Post by: Dr.Osh on May 15, 2024, 12:55:31 PM
when someone invests because of hype, then when the price goes down, and he gets a loss, then he will view the investment negatively, and usually spread FUD that is not true about it. However, there is now overwhelming evidence that many people who invest follow others. When other people make huge profits from bitcoin, they start trying it because they feel it is easy.
However, it will be better and wiser when we know what we are going to invest in rather than following other people. This will make us more prepared for the risks, and we will also have a mature strategy and consideration in buying and selling bitcoin.


Title: Re: Don't invest in Bitcoin because others are investing in Bitcoin
Post by: Mr. Magkaisa on May 15, 2024, 01:07:07 PM
when someone invests because of hype, then when the price goes down, and he gets a loss, then he will view the investment negatively, and usually spread FUD that is not true about it. However, there is now overwhelming evidence that many people who invest follow others. When other people make huge profits from bitcoin, they start trying it because they feel it is easy.
However, it will be better and wiser when we know what we are going to invest in rather than following other people. This will make us more prepared for the risks, and we will also have a mature strategy and consideration in buying and selling bitcoin.

          -   There are many such types of investors in this field; most of them just get carried away by the hype, and when the hype ends, there will be a rug full or a gradual fall in the price of the coin. People like that often believe in getting rich quickly.

We should really invest in bitcoin or other crypto because we know its potential and it can help each of us in the crypto space industry. This is what we as all investors should be doing in something like this.


Title: Re: Don't invest in Bitcoin because others are investing in Bitcoin
Post by: Victorik on May 15, 2024, 01:08:22 PM
That is true. I remember my first investment in BTC many years back, a friend actually persuaded me to invest in it. He literally did everything as I had zero idea what BTC was, but I didn't want to make him feel bad, so I obliged. I can tell you that today that investment was a complete waste. I couldn't retrieve my investment because what I investment is way below their minimum withdrawal. Meaning I can't withdraw it.
If I had taken time to understand their terms, probably that wouldn't have happened, but it did happened because I lacked the right information.


Title: Re: Don't invest in Bitcoin because others are investing in Bitcoin
Post by: Odusko on May 15, 2024, 09:16:07 PM
When you want to invest in Bitcoin don't because people is investing in Bitcoin and you invest, I prefer taking my time to make a research before I invest on Bitcoin, Bitcoin invest is good but when you don't take your time to invest in Bitcoin then you will invest wrongly, the first time I invested I did not follow anyone step rather I do follow the research I made before I invest, some persons does not control emotions before they invest they follow a side news to invest on Bitcoin and that is why some of them do experience hard luck for their invest, in summary invest when you want to invest, don't follow the crowd but follow your instinct
Following other to make such investment decisions as related to high risk asset as bitcoin is quite out of the ordinary and unusual for those who already know the the risk associated with such decisions but a novice or newbies could make such a mistake since what they are after at that stage is profits and not minding to know how such investment works and how to go about it all they are interested in is the story told by those that bitcoin investment have favoard and they are telling they own success stories.so instead getting to know what are the risk and conditions to arrive at that stage of profitability that get carried away with the end result and at the end end up in frustration when they desire fails to come.


Title: Re: Don't invest in Bitcoin because others are investing in Bitcoin
Post by: Assface16678 on May 15, 2024, 09:43:24 PM
when someone invests because of hype, then when the price goes down, and he gets a loss, then he will view the investment negatively, and usually spread FUD that is not true about it. However, there is now overwhelming evidence that many people who invest follow others. When other people make huge profits from bitcoin, they start trying it because they feel it is easy.
However, it will be better and wiser when we know what we are going to invest in rather than following other people. This will make us more prepared for the risks, and we will also have a mature strategy and consideration in buying and selling bitcoin.

          -   There are many such types of investors in this field; most of them just get carried away by the hype, and when the hype ends, there will be a rug full or a gradual fall in the price of the coin. People like that often believe in getting rich quickly.

We should really invest in bitcoin or other crypto because we know its potential and it can help each of us in the crypto space industry. This is what we as all investors should be doing in something like this.
Well its not necessary that if you follow a trend the currency or investment will fall out, that why we have what we call "hype" some hype is worth to invest because it means that more hype more people will take interest and invest in a certain project or curremcy, butnof course the investor should do its part also, I mean if you are not just an investor that is only thinking is profit then you might be the one of the investors that follow a trend but still didnt earn just because they dont analyse thw market first or the project, investing is always requires knowledge, analyse and critical thinking before you enter it, in that way you will know how can you manage your invest so that it will be favorable to you, it will be profitable for you, Inalso prefer to look at a currency or project first before entering the hype because some hype or trend will only last for a weeks and then no more.


Title: Re: Don't invest in Bitcoin because others are investing in Bitcoin
Post by: Hypnosis00 on May 15, 2024, 09:46:17 PM
That is true. I remember my first investment in BTC many years back, a friend actually persuaded me to invest in it. He literally did everything as I had zero idea what BTC was, but I didn't want to make him feel bad, so I obliged. I can tell you that today that investment was a complete waste. I couldn't retrieve my investment because what I investment is way below their minimum withdrawal. Meaning I can't withdraw it.
If I had taken time to understand their terms, probably that wouldn't have happened, but it did happened because I lacked the right information.
That's it. People who invest having zero knowledge will end up in regret. Good thing that was just our problem because some individual had lost their money due to using the wrong wallet (fake) and scam sites.

The thing we have in our mind is not to rush from investing, we just do it once fully understand how it works and we believe in ourselves that we can do it alone. Whether you agree on me or not, that person who told you and encouraged you to invest will never take responsibility if ever you lose that is why you should know first how to take care of your money. And this is impossible if we don't have any idea about this and most it happens you sell in panic.


Title: Re: Don't invest in Bitcoin because others are investing in Bitcoin
Post by: livingfree on May 15, 2024, 09:51:39 PM
That is true. I remember my first investment in BTC many years back, a friend actually persuaded me to invest in it. He literally did everything as I had zero idea what BTC was, but I didn't want to make him feel bad, so I obliged. I can tell you that today that investment was a complete waste. I couldn't retrieve my investment because what I investment is way below their minimum withdrawal. Meaning I can't withdraw it.
If I had taken time to understand their terms, probably that wouldn't have happened, but it did happened because I lacked the right information.
What does it mean that your "investment is way below the minimum withdrawal"? You invest on a platform and not with BTC I guess.

But going on with the details about investing just because others told you to do so. It's a wrong idea of investing, you invest because you have learned about it and carefully did your research before you've made decisions to invest.

Many still does it the wrong way and thinking of it as if they're going to gain even if they go to the shortcut way of investing in BTC or with any other cryptocurrencies.


Title: Re: Don't invest in Bitcoin because others are investing in Bitcoin
Post by: Mate2237 on May 15, 2024, 09:56:28 PM
You might invest along side with other people if you are interested. And all what you have to know or do is to know what you are investing in. You have to know the price you bought the coin at the moment and plan a day, a week or a year to sell your coins and when the time comes, and the price is still low then you extend the selling date to another time to see if the price will increase.

Bitcoin is not a coin that if you follow someone to invest then you will lose, I disagree with that but a careful plan can make you an happy investor among others. Always learn from your mistakes and from others. Always ask questions.


Title: Re: Don't invest in Bitcoin because others are investing in Bitcoin
Post by: Ben Barubal on May 15, 2024, 10:43:52 PM
You might invest along side with other people if you are interested. And all what you have to know or do is to know what you are investing in. You have to know the price you bought the coin at the moment and plan a day, a week or a year to sell your coins and when the time comes, and the price is still low then you extend the selling date to another time to see if the price will increase.

Bitcoin is not a coin that if you follow someone to invest then you will lose, I disagree with that but a careful plan can make you an happy investor among others. Always learn from your mistakes and from others. Always ask questions.

     The problem is that most of the time, they don't have time to learn about the crypto they invest in because most of the community investors are already ahead of themselves and believe in it. And this type of person who invests immediately is immediately carried away by greed, so they can no longer control themselves.

     And when the time comes when the promises about Bitcoin are released, those who were just carried away by the hype with their excitement and trust in the person who just shared with them will start to get frustrated.


Title: Re: Don't invest in Bitcoin because others are investing in Bitcoin
Post by: Vinaa77 on May 15, 2024, 10:50:22 PM
When you want to invest in Bitcoin don't because people is investing in Bitcoin and you invest, I prefer taking my time to make a research before I invest on Bitcoin, Bitcoin invest is good but when you don't take your time to invest in Bitcoin then you will invest wrongly, the first time I invested I did not follow anyone step rather I do follow the research I made before I invest, some persons does not control emotions before they invest they follow a side news to invest on Bitcoin and that is why some of them do experience hard luck for their invest, in summary invest when you want to invest, don't follow the crowd but follow your instinct
Don't invest if you are not ready because this is the main reason why old investors fail and lose their money as we can't invest blindly and are reliant on others, nobody helps us. So, therefore, help ourselves first to know the market more rather than rushing because in the end, we are still the ones who suffered the most, not those who told us. We act cautiously and become a responsible investor because this is the way it helps to reach our goals and succeed. We take a look at the early investor's experience and make it a reason why we should prepare more than what they did before.
Dependent on other people in investing of course this is very detrimental to us in this case and we will continue to invest with little understanding of course this will lose the money we invest, understanding the market first before deciding to invest is of course very good and This will give us an advantage in investing, yes we can learn from the experiences that other people have had and this will be very useful and will reduce the losses we will incur.


Title: Re: Don't invest in Bitcoin because others are investing in Bitcoin
Post by: oktana on May 15, 2024, 11:57:30 PM
True. I’ve seen people who are willing to invest their life earnings because someone is investing a lot of money but they fail to understand that the person who they follow their footsteps may have even more money as a backup plan. Just because it’s Bitcoin and has risen so unbelievable doesn’t mean it’s 100% safe for investment. If you must invest, know the risks, and do it at your own pace.


Title: Re: Don't invest in Bitcoin because others are investing in Bitcoin
Post by: ancafe on May 16, 2024, 01:47:04 AM
When you want to invest in Bitcoin don't because people is investing in Bitcoin and you invest, I prefer taking my time to make a research before I invest on Bitcoin, Bitcoin invest is good but when you don't take your time to invest in Bitcoin then you will invest wrongly, the first time I invested I did not follow anyone step rather I do follow the research I made before I invest, some persons does not control emotions before they invest they follow a side news to invest on Bitcoin and that is why some of them do experience hard luck for their invest, in summary invest when you want to invest, don't follow the crowd but follow your instinct
We will never achieve success if we look at other people's success and instead invest based on our ability to carry it out. There are many people who are trapped by looking at other people when investing and they never understand the investment side correctly and in the end they will experience losses resulting from not knowing how to invest correctly. Bitcoin is indeed one of the best investments currently, but it requires knowledge to operate and if someone is not able to control emotions it will have a bad impact when the price is corrected badly.

Investing must be based on complete research and must know the journey of bitcoin to understand its side. There is no chance of achieving success when we copy other people's methods, but what we need to do is learn to run investments correctly before getting involved in it.


Title: Re: Don't invest in Bitcoin because others are investing in Bitcoin
Post by: malah on May 16, 2024, 05:18:24 AM
True. I’ve seen people who are willing to invest their life earnings because someone is investing a lot of money but they fail to understand that the person who they follow their footsteps may have even more money as a backup plan. Just because it’s Bitcoin and has risen so unbelievable doesn’t mean it’s 100% safe for investment. If you must invest, know the risks, and do it at your own pace.
This is the danger of following what is trending and not doing research first. Many of them suffer losses because they are influenced in this way. Usually those who are affected are people who are new to the world of cryptocurrency and hope to make profits quickly and want to be proud of the results they get. So in the end it will only make it easy for us to be fooled by other people and end up losing the money we use for trading.


Title: Re: Don't invest in Bitcoin because others are investing in Bitcoin
Post by: zaim7413 on May 16, 2024, 06:02:03 AM
Doing something must be based on knowledge, not just following what other people do, because something done without knowledge will lead to the risk of loss or the investment made will be in vain. It is highly not recommended for beginners to invest by following along just because other people are also investing in Bitcoin, there are many things that need to be considered and you also need to equip yourself with all the knowledge and be prepared to bear all the risks. Bitcoin investment does not guarantee instant profits because the price continues to fluctuate all the time. Research is also the basic science for choosing the right time so as not to get caught in a bearish trend which makes asset values decrease further.



Title: Re: Don't invest in Bitcoin because others are investing in Bitcoin
Post by: Kristiyana on May 16, 2024, 06:43:18 AM
True. I’ve seen people who are willing to invest their life earnings because someone is investing a lot of money but they fail to understand that the person who they follow their footsteps may have even more money as a backup plan. Just because it’s Bitcoin and has risen so unbelievable doesn’t mean it’s 100% safe for investment. If you must invest, know the risks, and do it at your own pace.
This is the danger of following what is trending and not doing research first. Many of them suffer losses because they are influenced in this way. Usually those who are affected are people who are new to the world of cryptocurrency and hope to make profits quickly and want to be proud of the results they get. So in the end it will only make it easy for us to be fooled by other people and end up losing the money we use for trading.

Actually I think following what is trending is not bad, but making research to know more about that particular thing is what matters you can't jump into something that you don't have any knowledge about how it works, that is why most people their first appearance in the market is just to experience lose reason is because they failed to get the necessary information about crypto investment before looking out to invest.


Title: Re: Don't invest in Bitcoin because others are investing in Bitcoin
Post by: Iranus on May 16, 2024, 08:33:03 AM
You might invest along side with other people if you are interested. And all what you have to know or do is to know what you are investing in. You have to know the price you bought the coin at the moment and plan a day, a week or a year to sell your coins and when the time comes, and the price is still low then you extend the selling date to another time to see if the price will increase.

Bitcoin is not a coin that if you follow someone to invest then you will lose, I disagree with that but a careful plan can make you an happy investor among others. Always learn from your mistakes and from others. Always ask questions.

Bitcoin is just an investment asset like many other assets like gold or real estate, and whether you win or lose investing in it depends on you, not on bitcoin. You will still lose money, even lose all your money when investing in bitcoin if you only invest according to others and have no knowledge about it. Bitcoin is not responsible for ensuring your safety or profit, it all depends on your ability.

In the long term, bitcoin will always increase in price, however there will be unpredictable fluctuations in the short and medium term, and without knowledge you will not be able to face and overcome those challenges. Don't be naive that investing in bitcoin will never lose money.


Title: Re: Don't invest in Bitcoin because others are investing in Bitcoin
Post by: AnonBitCoiner on May 16, 2024, 11:22:20 AM
True. I’ve seen people who are willing to invest their life earnings because someone is investing a lot of money but they fail to understand that the person who they follow their footsteps may have even more money as a backup plan. Just because it’s Bitcoin and has risen so unbelievable doesn’t mean it’s 100% safe for investment. If you must invest, know the risks, and do it at your own pace.

It's not a good idea to copy others in any field of life therefore one has to accept anything according to his own desires. There are people who are totally following others and they invest that percentage of the amount which is selected by other investors too.

Every individual has different conditions, different thoughts, different ideas and different percentage of money but you do not possess the same qualities all the time so before copying others try to visualize the terms and condition and don't forget that risk is also very high which will be overcome by another person due to knowledge but you will hardly find a solution if you have no knowledge.


Title: Re: Don't invest in Bitcoin because others are investing in Bitcoin
Post by: Awaklara on May 16, 2024, 11:44:23 AM
True. I’ve seen people who are willing to invest their life earnings because someone is investing a lot of money but they fail to understand that the person who they follow their footsteps may have even more money as a backup plan. Just because it’s Bitcoin and has risen so unbelievable doesn’t mean it’s 100% safe for investment. If you must invest, know the risks, and do it at your own pace.

It's not a good idea to copy others in any field of life therefore one has to accept anything according to his own desires. There are people who are totally following others and they invest that percentage of the amount which is selected by other investors too.

Every individual has different conditions, different thoughts, different ideas and different percentage of money but you do not possess the same qualities all the time so before copying others try to visualize the terms and condition and don't forget that risk is also very high which will be overcome by another person due to knowledge but you will hardly find a solution if you have no knowledge.
In fact, it is legal for anyone to do it. There is also no prohibition on following other people's behavior in investing in Bitcoin. it's just that everything has to be prepared first. including knowing and being ready to accept the risks.
the most important thing is that his understanding of Bitcoin and investment is formed first, and everything will be fine.
because often when you are hanging out you will talk about whatever you are doing and if you tell a story related to Bitcoin and it interests your friends, don't hesitate to tell them.


Title: Re: Don't invest in Bitcoin because others are investing in Bitcoin
Post by: leonair on May 16, 2024, 11:58:35 AM
When you want to invest in Bitcoin don't because people is investing in Bitcoin and you invest, I prefer taking my time to make a research before I invest on Bitcoin, Bitcoin invest is good but when you don't take your time to invest in Bitcoin then you will invest wrongly, the first time I invested I did not follow anyone step rather I do follow the research I made before I invest, some persons does not control emotions before they invest they follow a side news to invest on Bitcoin and that is why some of them do experience hard luck for their invest, in summary invest when you want to invest, don't follow the crowd but follow your instinct
Always do your own research before investing not only in Bitcoin but anywhere. but since Bitcoin is creating a hype these days and is an investment asset of everyone's choice, it is only natural that it will be discussed. and Bitcoin has now become such a potential thing that without researching for a long time, if you invest only with a long-term investment in mind and hold it for a long time according to the plan, you can definitely get profit from here.  So no one should have any fear to invest in Bitcoin. But yes there is definitely risk here and everyone should accept this risk and invest in Bitcoin


Title: Re: Don't invest in Bitcoin because others are investing in Bitcoin
Post by: serjent05 on May 16, 2024, 12:05:14 PM
You might invest along side with other people if you are interested. And all what you have to know or do is to know what you are investing in. You have to know the price you bought the coin at the moment and plan a day, a week or a year to sell your coins and when the time comes, and the price is still low then you extend the selling date to another time to see if the price will increase.

True! We can really invest because we see people investing in it but if one is investing because they are swayed by other people's investment without understanding the market then we might end up one of those people who have weak hands.  Being shaken the moment the Bitcoin market taken a dip.  It is very different when a person invest on a venture because they fully understand the market and the potential it has than just investing because my neighbor is investing on it.

Bitcoin is not a coin that if you follow someone to invest then you will lose, I disagree with that but a careful plan can make you an happy investor among others. Always learn from your mistakes and from others. Always ask questions.

We all know that we incur losses in our Bitcoin investment if we sell at a lost.  But as long as we hold our BTC, no matter how the price dip, we don't lose anything.  Whether an investor lose or not depends on when he sells his BTC.  So following others or someone to invest in Bitcoin may or may not incur us losses depending on when we sells our BTC.

It's not a good idea to copy others in any field of life therefore one has to accept anything according to his own desires. There are people who are totally following others and they invest that percentage of the amount which is selected by other investors too.

It is good to have originalities but when it comes to a successful trading ventures, it is good to have some guidance and if possible copy successful strategies in order for us to avoid losses. After all if we are able to copy the strategy of successful traders, it can give us many benefits.


Title: Re: Don't invest in Bitcoin because others are investing in Bitcoin
Post by: hd49728 on May 16, 2024, 12:20:40 PM
Bitcoin is just an investment asset like many other assets like gold or real estate, and whether you win or lose investing in it depends on you, not on bitcoin. You will still lose money, even lose all your money when investing in bitcoin if you only invest according to others and have no knowledge about it. Bitcoin is not responsible for ensuring your safety or profit, it all depends on your ability.
Only the losers will blame their losses and mistakes in investment or trading to any asset. The winners think different and they are responsible for their strategies in trading, investment and their decisions so they don't blame their loss on Bitcoin. If they get loss, they will sit down, analyze what they did to cause the loss and will try to adjust their strategy to do better in future.

Quote
In the long term, bitcoin will always increase in price, however there will be unpredictable fluctuations in the short and medium term, and without knowledge you will not be able to face and overcome those challenges. Don't be naive that investing in bitcoin will never lose money.
So far through 15 years since 2009, Bitcoin has very high impressive ROI and I believe it will continue to be one of best investment asset in future, especially against global inflation problems from governments and central banks.

https://casebitcoin.com/charts#roi_chart


Title: Re: Don't invest in Bitcoin because others are investing in Bitcoin
Post by: Skfox on May 16, 2024, 02:04:04 PM
As we all know, everything should be done by choice. Investing because people are doing so or because you are being influenced into investing in bitcoin is not good for any investor. You shouldn't allow yourself to be influenced or investing because people are doing so, following the crowd may be a lucky step for you in terms of making profit but most times disastrous.

It is best to understand or have a good knowledge about bitcoin before investing in it. Knowing about bitcoin investment completely with make u fully equipped, knowing the best strategy to use and also make you good in decision making. Even after knowing about bitcoin very well, it remains your choice to invest whenever you want, it is your money and you alone knows how hard you may have worked to earn it so you make sure your money is going the right way. Never do anything because people are doing it because it always end badly.


Title: Re: Don't invest in Bitcoin because others are investing in Bitcoin
Post by: GbitG on May 16, 2024, 02:19:42 PM
Always do your own research before investing not only in Bitcoin but anywhere. but since Bitcoin is creating a hype these days and is an investment asset of everyone's choice, it is only natural that it will be discussed. and Bitcoin has now become such a potential thing that without researching for a long time, if you invest only with a long-term investment in mind and hold it for a long time according to the plan, you can definitely get profit from here.  So no one should have any fear to invest in Bitcoin. But yes there is definitely risk here and everyone should accept this risk and invest in Bitcoin
That's true but people need to understand that it's not only for the risks involved but one needs to know and understand something very well before they go ahead and make investments in it because it is important. I can't imagine choosing something and making investments in it when I don't even know it well, I don't know what it is, how it works, what is its history, etc. This is why, those who are getting into this industry, even if they are making investments in Bitcoin, must at least do some research about it before they do that.

The things about short-term and long-term loss or profitability are known to us because we know the history of Bitcoin, we have been in it for years to have this knowledge, but someone who is new in it wouldn't know all these things, so they will have a hard time making decisions and if they are in a rush, they might make the wrong decisions.


Title: Re: Don't invest in Bitcoin because others are investing in Bitcoin
Post by: Victorik on May 16, 2024, 05:11:54 PM
That is true. I remember my first investment in BTC many years back, a friend actually persuaded me to invest in it. He literally did everything as I had zero idea what BTC was, but I didn't want to make him feel bad, so I obliged. I can tell you that today that investment was a complete waste. I couldn't retrieve my investment because what I investment is way below their minimum withdrawal. Meaning I can't withdraw it.
If I had taken time to understand their terms, probably that wouldn't have happened, but it did happened because I lacked the right information.
What does it mean that your "investment is way below the minimum withdrawal"? You invest on a platform and not with BTC I guess.

But going on with the details about investing just because others told you to do so. It's a wrong idea of investing, you invest because you have learned about it and carefully did your research before you've made decisions to invest.

Many still does it the wrong way and thinking of it as if they're going to gain even if they go to the shortcut way of investing in BTC or with any other cryptocurrencies.

The investment was on hashflare.io, a crypto cloud mining site.
I bought a package I think, and later I got to know that there was a minimum withdrawal threshold which was way higher than my available balance.


Title: Re: Don't invest in Bitcoin because others are investing in Bitcoin
Post by: Victorik on May 16, 2024, 05:30:11 PM
That is true. I remember my first investment in BTC many years back, a friend actually persuaded me to invest in it. He literally did everything as I had zero idea what BTC was, but I didn't want to make him feel bad, so I obliged. I can tell you that today that investment was a complete waste. I couldn't retrieve my investment because what I investment is way below their minimum withdrawal. Meaning I can't withdraw it.
If I had taken time to understand their terms, probably that wouldn't have happened, but it did happened because I lacked the right information.
That's it. People who invest having zero knowledge will end up in regret. Good thing that was just our problem because some individual had lost their money due to using the wrong wallet (fake) and scam sites.

The thing we have in our mind is not to rush from investing, we just do it once fully understand how it works and we believe in ourselves that we can do it alone. Whether you agree on me or not, that person who told you and encouraged you to invest will never take responsibility if ever you lose that is why you should know first how to take care of your money. And this is impossible if we don't have any idea about this and most it happens you sell in panic.

Yea..that was my very first investment in BTC. If I knew what I know now, I probably wouldn't have made that mistake.
I wasn't really keen on learning then, because my friend was willing to teach me, but I wasn't ready. Now, I have to bear the consequences of not wanting to learn.


Title: Re: Don't invest in Bitcoin because others are investing in Bitcoin
Post by: ChiBitCTy on May 16, 2024, 08:44:31 PM
I have shared this story on here quite a few times, but I first found out about bitcoin back in 2013/2014ish, and I heard about it after reading some article in non-mainstream news.  Being a financial advisor who despises big banks, I was instantly intrigued and fell in love with the idea of a decentralized currency.  I then read Mastering Bitcoin and Digital Gold and studied it for an entire year before "entering the space". 

Make sure you invest in something you understand, that you have faith in, that you promote or would recommend for someone else etc...going in to any "investment" blindly is a risky proposition.


Title: Re: Don't invest in Bitcoin because others are investing in Bitcoin
Post by: Furious 7 on May 16, 2024, 09:28:54 PM
I don't think I fall into your category because I invested because someone else did it first so I followed them ;D

I don't think it matters whether we invest in bitcoin just because we see other people or are persuaded by other people because in the end what I feel is when I have been in bitcoin and that becomes important because in the end not everyone who is in bitcoin because of other people follows everything that other people say because if they are serious they will definitely study it seriously which in the end will lead to confidence that our choice is not wrong.

Indeed, the ideal is that we have to learn first before actually starting but on the other hand if indeed we know from others and the person has done it first then I think it doesn't matter that we follow while continuing to do research and learning about what we are doing.


Title: Re: Don't invest in Bitcoin because others are investing in Bitcoin
Post by: Distinctin on May 16, 2024, 09:41:45 PM
When you want to invest in Bitcoin don't because people is investing in Bitcoin and you invest, I prefer taking my time to make a research before I invest on Bitcoin, Bitcoin invest is good but when you don't take your time to invest in Bitcoin then you will invest wrongly, the first time I invested I did not follow anyone step rather I do follow the research I made before I invest, some persons does not control emotions before they invest they follow a side news to invest on Bitcoin and that is why some of them do experience hard luck for their invest, in summary invest when you want to invest, don't follow the crowd but follow your instinct
Always do your own research before investing not only in Bitcoin but anywhere. but since Bitcoin is creating a hype these days and is an investment asset of everyone's choice, it is only natural that it will be discussed. and Bitcoin has now become such a potential thing that without researching for a long time, if you invest only with a long-term investment in mind and hold it for a long time according to the plan, you can definitely get profit from here.  So no one should have any fear to invest in Bitcoin. But yes there is definitely risk here and everyone should accept this risk and invest in Bitcoin
Yes, prefer to research first before investing. Knowing anyone can lose in a risky investment, then never rush to invest but always make a good preparation and a long term planning until you are confident enough to take the risk and invest. Don’t just copy the investments because your idols are doing it , they have a lot of money so they won’t hesitate to invest and make a second thought. But as a small investor like us, research first before taking such risk.


Title: Re: Don't invest in Bitcoin because others are investing in Bitcoin
Post by: nurilham on May 16, 2024, 09:51:50 PM
I prefer taking my time to make a research before I invest on Bitcoin, Bitcoin invest is good but when you don't take your time to invest in Bitcoin then you will invest wrongly
It is good if you do a research first. It is a must to do for every investor because investing in crypto is risky. Even we invest in Bitcoin, we must analyze when the right time to buy and to sell. If we choose the wrong time, it can make us difficult to take profits. We also need to know the possibility of the peak of Bitcoin price. So, we don't too high to set the selling price.

the first time I invested I did not follow anyone step rather I do follow the research I made before I invest
It is not recommended to follow other people ways. Just ensure to have own ways. Even if people can succeed with their ways, it doesn't guarantee us to succeed as well. You've done the right way if you are confident with your own way.

in summary invest when you want to invest, don't follow the crowd but follow your instinct
Of course, why we invest if we have no intention to invest in Bitcoin?  :D
It is not a must to invest in Bitcoin! When we decide to invest in Bitcoin, it must be based on own intention.



Title: Re: Don't invest in Bitcoin because others are investing in Bitcoin
Post by: oktana on May 16, 2024, 11:41:19 PM
True. I’ve seen people who are willing to invest their life earnings because someone is investing a lot of money but they fail to understand that the person who they follow their footsteps may have even more money as a backup plan. Just because it’s Bitcoin and has risen so unbelievable doesn’t mean it’s 100% safe for investment. If you must invest, know the risks, and do it at your own pace.
This is the danger of following what is trending and not doing research first. Many of them suffer losses because they are influenced in this way. Usually those who are affected are people who are new to the world of cryptocurrency and hope to make profits quickly and want to be proud of the results they get. So in the end it will only make it easy for us to be fooled by other people and end up losing the money we use for trading.

It is really sad to see because if you ask how most of the people got to know about Bitcoin and what Bitcoin can do, they’ll be focused on telling you how it could go from under a cent to a lot of money (which isn’t bad to say), but this isn’t the first impression that Bitcoin would want. Some people don’t even know it’s a currency. It’s an investment to them because that’s what they learnt.


Title: Re: Don't invest in Bitcoin because others are investing in Bitcoin
Post by: Wakate on May 16, 2024, 11:53:47 PM
True. I’ve seen people who are willing to invest their life earnings because someone is investing a lot of money but they fail to understand that the person who they follow their footsteps may have even more money as a backup plan. Just because it’s Bitcoin and has risen so unbelievable doesn’t mean it’s 100% safe for investment. If you must invest, know the risks, and do it at your own pace.
This is the danger of following what is trending and not doing research first. Many of them suffer losses because they are influenced in this way. Usually those who are affected are people who are new to the world of cryptocurrency and hope to make profits quickly and want to be proud of the results they get. So in the end it will only make it easy for us to be fooled by other people and end up losing the money we use for trading.

It is really sad to see because if you ask how most of the people got to know about Bitcoin and what Bitcoin can do, they’ll be focused on telling you how it could go from under a cent to a lot of money (which isn’t bad to say), but this isn’t the first impression that Bitcoin would want. Some people don’t even know it’s a currency. It’s an investment to them because that’s what they learnt.
Sometimes, even though we are following the crown it is good we understand some certain reasons why we are following the crowd. We should not be surprised about what is happening currently especially in the crypto market seeing the price of Bitcoin moving downward which looks like a discouragement to some investor that would have taken the opportunity to buy and hold more that what they are holding because of markwt uncertainty. It is good we make money enquiries and understand why we are investing and for how long we have planned to invest in the crypto space so we can sell the holdings and use the funds for something else we really want to do.


Title: Re: Don't invest in Bitcoin because others are investing in Bitcoin
Post by: ancafe on May 20, 2024, 02:50:47 AM
It is really sad to see because if you ask how most of the people got to know about Bitcoin and what Bitcoin can do, they’ll be focused on telling you how it could go from under a cent to a lot of money (which isn’t bad to say), but this isn’t the first impression that Bitcoin would want. Some people don’t even know it’s a currency. It’s an investment to them because that’s what they learnt.
There is a reason why people can get stuck with this problem and this is due to the lack of knowledge that makes them have an idea about bitcoin. Bitcoin has an opportunity for people to reach a stage of financial freedom and although I don't agree people say bitcoin will provide quick wealth. Bitcoin is independent and does not require a third party for investment because this is what makes some people feel comfortable investing.

Don't get caught up in what people say because the most important thing is how we can learn it. Make efforts that can be implemented and try to think in a much more developed way because if we don't start today then we have to do something else in the future. Bitcoin can be used slowly for investment and not pushed beyond the ability to be responsible.


Title: Re: Don't invest in Bitcoin because others are investing in Bitcoin
Post by: atookz on May 20, 2024, 02:35:12 PM
Yes, maybe you are right, if you want to invest, especially in Bitcoin or Crypto, you should avoid FOMO because it can be detrimental. FOMO causes someone to try to enter the world of investment, including crypto asset investment, without ever delving into the ins and outs of this digital asset. Thus, this attitude ultimately has a bad influence on someone who does it because they don't have a plan and knowledge so it can cause losses. So it would be better to do research first before investing, this will sharpen your instincts too.


Title: Re: Don't invest in Bitcoin because others are investing in Bitcoin
Post by: Bravut on May 20, 2024, 08:08:36 PM
As we all know, everything should be done by choice. Investing because people are doing so or because you are being influenced into investing in bitcoin is not good for any investor. You shouldn't allow yourself to be influenced or investing because people are doing so, following the crowd may be a lucky step for you in terms of making profit but most times disastrous.

It is best to understand or have a good knowledge about bitcoin before investing in it. Knowing about bitcoin investment completely with make u fully equipped, knowing the best strategy to use and also make you good in decision making. Even after knowing about bitcoin very well, it remains your choice to invest whenever you want, it is your money and you alone knows how hard you may have worked to earn it so you make sure your money is going the right way. Never do anything because people are doing it because it always end badly.

To sum it up, invest in what you dim fit, not because of influence or financial bais. Once you have the right knowledge, weighing the prons and cons of such investment and you have the necessary financial requirements with you accepting the uncertainties that follows and you dim it right, you can go ahead.

But we must understand that, we can't invest in everything neither what favour others will do same, it a matter of self-evaluation, and readiness in alignment with the knowledge about the investment, this is all we need and careless about the noise and influences.


Title: Re: Don't invest in Bitcoin because others are investing in Bitcoin
Post by: Fiasem20 on May 20, 2024, 09:38:01 PM
When I see people following the crowd to do whatever without getting to know anything or how it works just make me feel like they confused.Bitcoin investment isn't an investment for those who have the goal of making quick profits,so with this information and other informations on how the Blockchain network works I think it would be right from the investor to start accumulating instead of following the crowd.


Title: Re: Don't invest in Bitcoin because others are investing in Bitcoin
Post by: lalabotax on May 20, 2024, 09:46:49 PM
In fact, it is legal for anyone to do it. There is also no prohibition on following other people's behavior in investing in Bitcoin. it's just that everything has to be prepared first. including knowing and being ready to accept the risks.
the most important thing is that his understanding of Bitcoin and investment is formed first, and everything will be fine.
because often when you are hanging out you will talk about whatever you are doing and if you tell a story related to Bitcoin and it interests your friends, don't hesitate to tell them.
Yes, this is not completely wrong and in fact it is perfectly acceptable to follow people in ebrinesvatsi on Bitcoin. However, there must be some notes to pay attention to so that you don't just follow along. In this case, each person's readiness will definitely be different, and this is quite dependent on how they decide and do things. Investing in Bitcoin, for someone, is really worth it and can bring success. However, it does not guarantee to provide exactly the same results for other people who follow it.

The main factor is that the preparedness of these people is quite different. This readiness is not only related to material readiness for investment, but also knowledge and mental readiness for investment. At least it is true, we must first have knowledge regarding Bitcoin, at least know what the benefits are, the risks, how to invest, tips from various sources, and also some other information that can have a positive impact on initial knowledge capital. This can be obtained from various sources which are quite easy to obtain, especially from various sharing that can be obtained, which is quite helpful.

It's just that, indeed, people are often so impatient to do it and want to be quickly successful and make lots of profits like the people they follow. So he didn't need a lot of efforts, he just invested directly in Bitcoin without considering some basic things, because he thought he had the money. This is what you have to be careful of as a follower of other people investing in Bitcoin. Because, behind success in investing, there are various risks and risks that must be endured and faced.


Title: Re: Don't invest in Bitcoin because others are investing in Bitcoin
Post by: Dr.Osh on May 21, 2024, 06:27:08 AM
I don't think I fall into your category because I invested because someone else did it first so I followed them ;D

I don't think it matters whether we invest in bitcoin just because we see other people or are persuaded by other people because in the end what I feel is when I have been in bitcoin and that becomes important because in the end not everyone who is in bitcoin because of other people follows everything that other people say because if they are serious they will definitely study it seriously which in the end will lead to confidence that our choice is not wrong.

Indeed, the ideal is that we have to learn first before actually starting but on the other hand if indeed we know from others and the person has done it first then I think it doesn't matter that we follow while continuing to do research and learning about what we are doing.

In fact, following other people and then going deeper into it is a good thing. However, many people follow others just because of the hype, and don't do any research first. They think that bitcoin investment is a short-term investment, because they only enter when the price of bitcoin is high. In the end, they are disappointed when the price of bitcoin falls, and their investment is stuck so they sell at a lower price than the price they bought. In fact, if they look into this, they will see that this is a normal thing in this kind of investment. However, knowledge is also needed in investing, even when we have invested because we follow someone.


Title: Re: Don't invest in Bitcoin because others are investing in Bitcoin
Post by: rodskee on May 21, 2024, 08:04:21 AM
True. I’ve seen people who are willing to invest their life earnings because someone is investing a lot of money but they fail to understand that the person who they follow their footsteps may have even more money as a backup plan. Just because it’s Bitcoin and has risen so unbelievable doesn’t mean it’s 100% safe for investment. If you must invest, know the risks, and do it at your own pace.
This is the danger of following what is trending and not doing research first. Many of them suffer losses because they are influenced in this way. Usually those who are affected are people who are new to the world of cryptocurrency and hope to make profits quickly and want to be proud of the results they get. So in the end it will only make it easy for us to be fooled by other people and end up losing the money we use for trading.

It is really sad to see because if you ask how most of the people got to know about Bitcoin and what Bitcoin can do, they’ll be focused on telling you how it could go from under a cent to a lot of money (which isn’t bad to say), but this isn’t the first impression that Bitcoin would want. Some people don’t even know it’s a currency. It’s an investment to them because that’s what they learnt.
actually if we are about bitcoin then I believe this is safe to follow what others may
comment or advise you because of its safety and assurance to increase each 4 year cycle.
though you are correct in that because relying our investments from others will
make us blame ourselves from believing in others.
also correct that some people does not know about this currency instead they
though this is something like to make money but not to use as currency.


Title: Re: Don't invest in Bitcoin because others are investing in Bitcoin
Post by: khalidkhan82118 on May 21, 2024, 10:51:34 AM
When you want to invest in Bitcoin don't because people is investing in Bitcoin and you invest, I prefer taking my time to make a research before I invest on Bitcoin, Bitcoin invest is good but when you don't take your time to invest in Bitcoin then you will invest wrongly, the first time I invested I did not follow anyone step rather I do follow the research I made before I invest, some persons does not control emotions before they invest they follow a side news to invest on Bitcoin and that is why some of them do experience hard luck for their invest, in summary invest when you want to invest, don't follow the crowd but follow your instinct
what specific factors do you consider when conducting your research?


Title: Re: Don't invest in Bitcoin because others are investing in Bitcoin
Post by: DubemIfedigbo001 on May 21, 2024, 06:10:08 PM
Its only a careless person that invests in what he doesn't understand, that mistake always proves costly and has a bitter and regrettable ending. The first accurate move to investing is your research on the subject of interest, in-depth research that leaves no stone unturned to fully understand the nature of the investment and whether its a good fit for you. Researches shouldn't be conducted in a hurry, take your time and do your findings well because any mistake will lead to a big financial loss.

Bitcoin investment is one that has some considerations to make before even starting.
  • You should only invest with your spare funds that you wouldn't be needing anytime soon because bitcoin investment is for a long term
  • Never borrow money for bitcoin investment, bitcoin price is volatile
  • Invest The amount you can afford to lose
  • You do not need a lot of money to start investing, there's DCA method for slow and steady investments
  • Purchase coins and store in a decentralized wallet, self custody is the best
  • Have a side hustle so you don't tamper with your investments in a short period

Generally, bitcoin investment is good and you need to approach it with the correct discipline for profitable investment. Understanding it is the first and most important step in your investments journey.


Title: Re: Don't invest in Bitcoin because others are investing in Bitcoin
Post by: Jaycoinz on May 21, 2024, 06:56:08 PM
Quote

Its only a careless person that invests in what he doesn't understand, that mistake always proves costly and has a bitter and regrettable ending. The first accurate move to investing is your research on the subject of interest, in-depth research that leaves no stone unturned to fully understand the nature of the investment and whether its a good fit for you. Researches shouldn't be conducted in a hurry, take your time and do your findings well because any mistake will lead to a big financial loss
Well you would be surprised at the rate of careless people there is, sometimes these no research investor get triggered maybe through some fancy praise to a particular project by some big time influencers or celebrity online, sometimes it can even be from arguments or discussion by maybe peer groups and without doing research they rush into investing in that particular project thinking it would give them same profits at which they have heard people discussing or showering praises on.


Title: Re: Don't invest in Bitcoin because others are investing in Bitcoin
Post by: eightdots on May 21, 2024, 08:52:44 PM
Quote

Its only a careless person that invests in what he doesn't understand, that mistake always proves costly and has a bitter and regrettable ending. The first accurate move to investing is your research on the subject of interest, in-depth research that leaves no stone unturned to fully understand the nature of the investment and whether its a good fit for you. Researches shouldn't be conducted in a hurry, take your time and do your findings well because any mistake will lead to a big financial loss
Well you would be surprised at the rate of careless people there is, sometimes these no research investor get triggered maybe through some fancy praise to a particular project by some big time influencers or celebrity online, sometimes it can even be from arguments or discussion by maybe peer groups and without doing research they rush into investing in that particular project thinking it would give them same profits at which they have heard people discussing or showering praises on.

There are many people who invest based on what they hear from others. These people immediately trust what they hear and want to make a quick profit. They should know that investing involves risks and that investing based on what they hear from others is a mistake.

The investor should research himself and learn how the market works. Everyone wants to win quickly, but the market is not a 90-minute match and it has a way of working. It is the right thing to learn this process and make the investment after gaining knowledge.


Title: Re: Don't invest in Bitcoin because others are investing in Bitcoin
Post by: albon on May 22, 2024, 09:12:58 AM
There are many people who invest based on what they hear from others. These people immediately trust what they hear and want to make a quick profit. They should know that investing involves risks and that investing based on what they hear from others is a mistake.

The investor should research himself and learn how the market works. Everyone wants to win quickly, but the market is not a 90-minute match and it has a way of working. It is the right thing to learn this process and make the investment after gaining knowledge.
Most newly involved in Bitcoin investing may only be aware of the potential for substantial returns from their investments, regardless of the risks, necessary experience, knowledge, and guidelines and recommendations that enable them to achieve their goals. Of course, the cryptocurrency market has no guarantees or quick profits and may suffer during times of sharp declines. Whoever invests in Bitcoin must be sufficiently educated, follow a long-term mindset, and invest money that does not impose financial or psychological burdens if its value drops one day. Also, they are committed to managing their capital and potential risks, capable of securing their wallets and seed phrases, and knowledgeable about the necessary security measures to protect their investments from common fraud methods they might encounter. Therefore, no investor can invest based on the fact that a particular group has invested and succeeded in doing so because each investor's experience, ability, and risk tolerance vary from person to person.


Title: Re: Don't invest in Bitcoin because others are investing in Bitcoin
Post by: Lantind on May 22, 2024, 04:53:23 PM
Well you would be surprised at the rate of careless people there is, sometimes these no research investor get triggered maybe through some fancy praise to a particular project by some big time influencers or celebrity online, sometimes it can even be from arguments or discussion by maybe peer groups and without doing research they rush into investing in that particular project thinking it would give them same profits at which they have heard people discussing or showering praises on.
Those who decide to invest in Bitcoin and don't do research first, of course this is very wrong because they use the income they have, of course they must first do in-depth research so that they don't make mistakes that cause them to lose the money they used to invest.
If we are influenced by what other people say about investment and we are interested in trying to invest then we must first do in-depth research before deciding to invest, because what they talk about is certainly the result of what they do and not necessarily what they tell us. the process they must go through so they can achieve success from the investment they make.


Title: Re: Don't invest in Bitcoin because others are investing in Bitcoin
Post by: Nothingtodo on May 22, 2024, 05:10:24 PM
There is no rule that I don't have to act on Bitcoin if others are investing on Bitcoin, but anyone can invest on Bitcoin at any time. When the market conditions are good and there are enough opportunities for the investor, anyone can invest in Bitcoins with due diligence. When my friends invested in Bitcoin, I became interested enough to invest in Bitcoin myself. Moreover, before investing in Bitcoin, there is no opportunity to think about what others have done or invested, but I invest based on what I know or understand.


Title: Re: Don't invest in Bitcoin because others are investing in Bitcoin
Post by: Cryptoprincess101 on May 22, 2024, 05:13:39 PM
I think we have knowledgeable individuals in this forum and since I joined this forum I have never seen anyone ask questions in this forum without getting answers so the best research a user here can do about bitcoin is here on the forum because there is no knowledge that you need that you won't be able to get here. Everything is complete in the forum just develop time to read and learn you will get the right knowledge about Bitcoin and there are even threads that focuses more on Bitcoin discussions you can go through those threads and you will get the right knowledge you wish to know.


Title: Re: Don't invest in Bitcoin because others are investing in Bitcoin
Post by: Velemir Sava on May 22, 2024, 06:34:48 PM
I think we have knowledgeable individuals in this forum and since I joined this forum I have never seen anyone ask questions in this forum without getting answers so the best research a user here can do about bitcoin is here on the forum because there is no knowledge that you need that you won't be able to get here. Everything is complete in the forum just develop time to read and learn you will get the right knowledge about Bitcoin and there are even threads that focuses more on Bitcoin discussions you can go through those threads and you will get the right knowledge you wish to know.

OP's idea is also good.. ;D ;D

Where it will be seen how we act and react to BTC, is there anyone who wants to reverse the facts by pretending to say that BTC is bad for us to invest in and has no value for some of us in this forum.

Just a social experiment, I think.


Title: Re: Don't invest in Bitcoin because others are investing in Bitcoin
Post by: Zanab247 on May 26, 2024, 06:32:23 PM
Quote from: Cryptoprincess101
I think we have knowledgeable individuals in this forum and since I joined this forum I have never seen anyone ask questions in this forum without getting answers so the best research a user here can do about bitcoin is here on the forum because there is no knowledge that you need that you won't be able to get here. Everything is complete in the forum just develop time to read and learn you will get the right knowledge about Bitcoin and there are even threads that focuses more on Bitcoin discussions you can go through those threads and you will get the right knowledge you wish to know.
I disagree with you, by saying it's only this forum you can get answer about BTC because there are some answers you will get in this forum, it will lead you to losses and you have nobody to blame about your losses, because you failed to carry out your research before investing in BTC.

If you have the knowledge of BTC, you don't need to ask plenty questions about the current situation in the market before you will know what to do, because you know that bear season is to buy and hodl which is the reason we are right now, and you need to buy BTC and hodl for another ATH to occur.

Whenever you see people rushing to invest in BTC, take time to research to know if the price will still dump more or the price will continue pumping before you can make your choice that will going to favor you in the future.


Title: Re: Don't invest in Bitcoin because others are investing in Bitcoin
Post by: uneng on May 26, 2024, 06:49:46 PM
I prefer taking my time to make a research before I invest on Bitcoin
That is a good idea. Before starting an investment you have to know exactly what you are going to do and how you should do it in order to protect your money from potential unecessary risks and mistakes you can commit during the process. Most newbies don't know how to acquire Bitcoin and how to store their coins safely after acquiring it. So they get vulnerable to scammers and third party platforms which can disappear at anytime with their money when they decide to store it there, instead of a hardware wallet.

Moreover, you also have to do your research on how this market works. It's not a traditional market. Things here are much more volatile and there aren't central authorities controlling prices, so it's possible to see your investment rising 50% in a single day, but also falling on the same proportion. Newbies get desperated when it happens to them, and end selling their holdings before the right time, because there weren't prepared for this scenario.

All these informations are important to be absorbed by every investors before they start their Bitcoin investments.


Title: Re: Don't invest in Bitcoin because others are investing in Bitcoin
Post by: Ale88 on May 26, 2024, 08:52:31 PM
When you want to invest in Bitcoin don't because people is investing in Bitcoin and you invest, I prefer taking my time to make a research before I invest on Bitcoin, Bitcoin invest is good but when you don't take your time to invest in Bitcoin then you will invest wrongly, the first time I invested I did not follow anyone step rather I do follow the research I made before I invest, some persons does not control emotions before they invest they follow a side news to invest on Bitcoin and that is why some of them do experience hard luck for their invest, in summary invest when you want to invest, don't follow the crowd but follow your instinct
That advise should be valid for everything is life: never do something just because someone else is doing it, it's not a smart move. And even of the advise is good, maybe it's not good for you because we are all different. Some people understand how bitcoin works and why it has a value, for others is just a scam or a Ponzi. Doing researches will help you understand that bitcoin is not for everyone.


Title: Re: Don't invest in Bitcoin because others are investing in Bitcoin
Post by: Issa56 on May 26, 2024, 09:14:36 PM
When you want to invest in Bitcoin don't because people is investing in Bitcoin and you invest, I prefer taking my time to make a research before I invest on Bitcoin
I know everyone is now talking about bitcoin investment. Whenever you open your social media, you are going to see lots of posts about bitcoin and other altcoins. Don’t just start investing in bitcoin because you see it on social media or because your friend asks you to invest without doing your own research first. If you do that, you might end up losing all your investment. If you are investing in bitcoin, then first take your time to learn about it. Learn about things you are supposed to do and things you are not supposed to do. Just make sure you have basic knowledge about bitcoin before putting your money in it.


Title: Re: Don't invest in Bitcoin because others are investing in Bitcoin
Post by: Yukyzu on May 28, 2024, 02:55:18 AM
I know everyone is now talking about bitcoin investment. Whenever you open your social media, you are going to see lots of posts about bitcoin and other altcoins. Don’t just start investing in bitcoin because you see it on social media or because your friend asks you to invest without doing your own research first. If you do that, you might end up losing all your investment. If you are investing in bitcoin, then first take your time to learn about it. Learn about things you are supposed to do and things you are not supposed to do. Just make sure you have basic knowledge about bitcoin before putting your money in it.
When someone has the desire to invest in Bitcoin because they have read the news on social media and their friends, of course this is not enough of a reason for those who want to invest and it would be better for them to learn about Bitcoin first, because investing has risks. If we start by not having sufficient understanding, of course they will experience losses in the investments they make and I agree with you that it would be better for us to first have basic knowledge about Bitcoin so that we can know what is worth doing in investing so we can achieve our investment targets.


Title: Re: Don't invest in Bitcoin because others are investing in Bitcoin
Post by: BALIK on May 28, 2024, 03:55:01 AM
When you want to invest in Bitcoin don't because people is investing in Bitcoin and you invest, I prefer taking my time to make a research before I invest on Bitcoin, Bitcoin invest is good but when you don't take your time to invest in Bitcoin then you will invest wrongly, the first time I invested I did not follow anyone step rather I do follow the research I made before I invest, some persons does not control emotions before they invest they follow a side news to invest on Bitcoin and that is why some of them do experience hard luck for their invest, in summary invest when you want to invest, don't follow the crowd but follow your instinct
That advise should be valid for everything is life: never do something just because someone else is doing it, it's not a smart move. And even of the advise is good, maybe it's not good for you because we are all different. Some people understand how bitcoin works and why it has a value, for others is just a scam or a Ponzi. Doing researches will help you understand that bitcoin is not for everyone.

This advice doesn't just apply to investing in bitcoin, it can be applied to every area of our lives. When we see someone succeeding in a certain job or field, it doesn't mean we rush to imitate them and hope to achieve the same results as them. Each of us is different, sometimes they will be successful with that formula but not necessarily that formula will be suitable for us. Therefore, before doing anything or participating in any field, we should take the time to research and learn everything before making the final decision.

OP's advice is really helpful and I am witnessing this right in my locality, many people don't even know what bitcoin is, many people don't even know how to create a bitcoin wallet but they are investing in bitcoin through advice from people around them. It would be too risky for them if the market fluctuates suddenly, but what's sadder is that they even ignored my warning and only believed in those who always gave them advice about huge profits.


Title: Re: Don't invest in Bitcoin because others are investing in Bitcoin
Post by: wiss19 on May 28, 2024, 07:44:10 PM
I do not see anything wrong when someone checks the news first before investing. This is only called as fundamental analysis. What is only wrong is when they invest because they see a shilled post in the social media. However if it is only about bitcoin, I think it is not totally wrong as well. Because, even if you buy at the top but as long as you continue holding, the dips will just past and you will see a new light again.

There are only few things that it is beneficial to follow a crowd like protesting to increase the salary of a job or lower the price of the goods but there are still insane people who do not join it. Luckily a crowd can still win over them.


Title: Re: Don't invest in Bitcoin because others are investing in Bitcoin
Post by: boyptc on May 28, 2024, 08:25:36 PM
I do not see anything wrong when someone checks the news first before investing. This is only called as fundamental analysis. What is only wrong is when they invest because they see a shilled post in the social media. However if it is only about bitcoin, I think it is not totally wrong as well. Because, even if you buy at the top but as long as you continue holding, the dips will just past and you will see a new light again.
Yeah, they're being shilled to buy the best crypto asset ever and I don't also think that's a problem. But everyone has to practice doing some research before buying.

Not just because someone told them to, they should buy it asap. No, it doesn't have to be like that because all they have to do is to make themselves comfortable before buying it.

And that's why we always tell everybody to DYOR.


Title: Re: Don't invest in Bitcoin because others are investing in Bitcoin
Post by: Ben Barubal on May 29, 2024, 06:08:07 AM
     In my opinion, it's better to invest in Bitcoin because you understand the concept it has, the usages here, and the potential it can provide in the future.
The others are just riding the trend, and their acquaintances are saying, in short, they are just hyped because of the story told to them.

That's why some people always say to always do your own research. Let's not forget this thing that everyone is told.


Title: Re: Don't invest in Bitcoin because others are investing in Bitcoin
Post by: Xampeuu on May 29, 2024, 07:16:57 AM
I do not see anything wrong when someone checks the news first before investing. This is only called as fundamental analysis. What is only wrong is when they invest because they see a shilled post in the social media. However if it is only about bitcoin, I think it is not totally wrong as well. Because, even if you buy at the top but as long as you continue holding, the dips will just past and you will see a new light again.
Yeah, they're being shilled to buy the best crypto asset ever and I don't also think that's a problem. But everyone has to practice doing some research before buying.

Not just because someone told them to, they should buy it asap. No, it doesn't have to be like that because all they have to do is to make themselves comfortable before buying it.

And that's why we always tell everybody to DYOR.
for an easy reason, that is, we buy because we have a reason, and that reason is obtained because we have analyzed it beforehand, so that fortopolio planning for future targets emerges. structured like that can reduce the risk due to high bitcoin fluctuations. Therefore, learning to analyze and make your own decisions is very important because it will provide experience so that we can become strong investors


Title: Re: Don't invest in Bitcoin because others are investing in Bitcoin
Post by: Dr.Osh on May 29, 2024, 09:27:59 AM
     In my opinion, it's better to invest in Bitcoin because you understand the concept it has, the usages here, and the potential it can provide in the future.
The others are just riding the trend, and their acquaintances are saying, in short, they are just hyped because of the story told to them.

That's why some people always say to always do your own research. Let's not forget this thing that everyone is told.
Well, if someone is interested in investing in bitcoin, it would be better if he finds out information about bitcoin in depth. That would be better because he would know how bitcoin works and brings profit to him. I feel that such investors are wise investors. In addition, people who sometimes buy bitcoin just because of the hype or following other people are investors who will only come once in a while, who may be more easily disappointed if things don't move the way they want.


Title: Re: Don't invest in Bitcoin because others are investing in Bitcoin
Post by: pinggoki on May 29, 2024, 11:00:28 AM
~

My father always told me to follow the trend of events to avoid missing out on viable opportunities. There is nothing wrong with investing in Bitcoin because it is now a popular investment among friends or on the internet. Nevertheless, it is important to understand how what you are investing in works. An example is that many people are buying Bitcoin because they heard that the halving will lead to an astronomical increase in the price of the coin. I have seen many people ask questions on the forum why the price has not increased yet. Many of them might become nervous and impatient because of the recent slide in price and might be forced to sell their coins at a loss. But a little study of how the Bitcoin market works would have enlightened them that we are heading for a bigger bull run.
It seems that your father and I are thinking alike when it comes to investing on things that's currently trending, probably for the best that that's how you do things but remember that hype can happen and you don't want to be buying when there's a possibility that the price will go down, probably the best play in all of this is that you still need to be smart about the trends that you're picking because you'll never know when will the trend would end or if you're invested when the hype is at the point of dying down. That nervousness that you're feeling, that's a test on what's to come and if you deserve the profit of long-term investment because if you falter and panic sell at the sight of prices going down, you don't deserve anything besides losses.