Bitcoin Forum

As a newbie that has joined Bitcoin newly should never have the mindset of making a quick profit at the earliest stage of his Bitcoin journey than to remain focused on how he can build up his Bitcoin portfolio, because bitcoin required enough patient, time and hard working in order not to be discourage when you think you are not making a quality post like others, you meant decide to give up in building up your Bitcoin portfolio, as a newbie you don't have to be discouraged no matter how hard in building up Bitcoin portfolio meant looks, you should always have it in mind that in life there are always a hard time for everyone, all we need is to be courageous enough never to give up upon yourself but to bring out best and do your best in making sure that you never be discourage but to keep pushing to get the top of it. 

What i usually tell folk is that always remember why you started accumulating the first place . Then start planning properly , is not has difficult as how some folk picture it to be , Aslong you keep to the right principles like accumulating with your discretionary income , anytime you don’t have any to spare don’t push it , just wait till you have any to spend.

Yeah bitcoin is not a get rich quick scheme, so it usually takes time to build better stash it may take a while cycle to build or even more it all boils down to your accumulation goal . Just keep to the right principles and know when to be aggressive and when not to .

I think with much that are already happening today most newbies have failed to understand the importance of patience and persistence pulse i most say when building an bitcoin portfolio it takes time which requires effort, hardship, rather than seeking quick making profits, but on a second through this day's newbies investor really are getting discouraged by this setbacks or some comparisons to others, i think by adopting this mindset if some new investor can navigate the challenges of building a bitcoin portfolio it would  increase thier chances of becoming successful, i most really say your message really should encourage newbies to stay committed pulse keep pushing forward even in the face of difficulties.

I think the bolded part should be profit not quality post to actually understand your post direction.

First of all I don’t understand why there should even be a discussion of newbies taking patience in building their portfolio, personally I think this is an issue of finance and everyone is actually having different weights of money so why race in competition with others. Bitcoin isn’t a get rich quick scheme and any investor rushing into bitcoin for this are usually setup for losses, Most at times why newbies go through this route is because of the narrative they build up while coming to the space, there is always this so called influencers giving this bad narrative.

For me my first advice to anyone investing into bitcoin is that first treat it as a store of value, bring in the money you are wishing to save for a very long time into it, the profits are just added advantages you get for been patience, coming into it with profit mindset will only lead one to invest what that cannot afford to lose

Definitely building up a good portfolio in bitcoin requires patience and the ability to take risk. My advice to newbies is always to start investing in bitcoin only when they have discretionary income to invest with so that they can be able to hold for long term since they are in for short term profit. Investing money that is meant for other expenses and not having an emergency funds is one of the primary reasons why most newbies fail to build a good portfolio in bitcoin. Whenever there is a decline or an unplanned event occurs they will be forced to sell there bitcoin sometimes at loss there by impending then from building up a good portfolio in bitcoin.

What i understand about those newbies that still have patience in building up their Bitcoin portfolio are those newbies that have has seen the benefits of Bitcoin from there friends or relatives and want to friends to educate them all about Bitcoin for them to be like them, so newbies will heardly up to give up no matter how long it can take in building up Bitcoin portfolio the will still pushing consistently but those newbies that you as an investor already talk them into, many of those newbies end up giving up because they think bitcoin is what you can go into today and tomorrow you will making profit out of it, such newbies will end up to continuing in  building up their Bitcoin portfolio but this thread is being created to all newbies to see reasons never to give up soon but have the enough patients to learn more about Bitcoin on how it works deeply and keep pushing because not good comes easily but keep pushing no matter what.

I keep saying it that anyone who ventures into bitcoin investment with the mindset of making a quick profit is not an investor, but a trader. Bitcoin investment is a long term investment and whoever wants to venture into it must have the long term goal of investing and hold for the long term and not trading for a short quick profit or panicking whenever you notice a little downturn in the market.

It is correct that a beginner should not think about making a profit at first because he has to make arrangements to start at the beginning. So I think if he starts working, he might get the opportunity to do it in detail, meaning if he starts investing, he will be able to gain experience step by step. Many of us may now have experienced what we need to be successful in Bitcoin investing because they are mentioned in various stories, articles, and movies related to Bitcoin. To my knowledge setting financial goals and a time frame is essential for a newbie to building up Bitcoin portfolio it may even be correct at some point that beginners should review Bitcoin Portfolio and professional advice should be sought.

Sorry for the interuption please. Because at this point it seems you are getting me confused, because if I may ask Did you meant Bitcointalk account? (i.e feeling discourage simply because you thought you are not making quality post to get enough merits to rank up)  Or Do you mean Bitcoin in general as a decentralized digital currency? Because if you actually meant Bitcoin in general as a decentralized digital currency, then I absolutely see no reason why building a portfolio has to do with making quality posts. Because building a portfolio as regards to Bitcoin simply means the process of investing in it bit by bit, which could be either through the means of Dollar Cost Averaging method or any other. Because on the contrary, there is a huge difference between "Bitcoin" and "Bitcointalk". Because while Bitcoin is the digital currency, Bitcointalk on the other hand the online forum where discussions regarding Bitcoin is been made.

Sincerely, I had wanted to ask the same question too but you already did, and we still hope for more clarifications with his answer so we can actually know the exact contribution to make rightly.

But then, let me just chip in a bit with the ''ASSUMPTION'' that he is talking about Bitcoin generally. Going into Bitcoin accumulation or investment with the mindset of quick gains is already preparing you to failing. This is because Bitcoin investment requires 'TIME', in capital letters for the sake of emphasis. Time, I mean quality time backed with financial decisions, plus discipline and persistence. Time because Bitcoin will yield much profit in the long run(4-10+ yrs), proper financial decisions because you will be needing to make right decisions in the use of your discretionary income in funding your Bitcoin investment. You must have to be disciplined while in this process as you ensure proper allocation of resources to ensure the continuity of the accumulation process. Persistence helps you to keep pushing, even in the face of dips, you keep on accumulating with the mindset that the future is brighter with Bitcoin in your possession.

Even in am ordinary or Normal business of buying and selling let's say in the market, who starts a market today and begins to reap gains instantly? Unless you are not out for a great output and growth in that area. Great business men all over the world would tell you to invest in your business and forget about gains for at least 3-6 years as the case maybe depending on your kind of business. So any newbie with the mindset of quick gains while investing in Bitcoin is not investing rightly or with the right mindset. He should ask questions and think twice..

You can not give what you do not have and that is the fact about the forum and bitcoin investment in general. if you are not knowledgeable enough about bitcoin, there is no way you are going to be good enough in engaging in bitcoin related discussion as much as others that are knowledgeable about bitcoin. at the entry level in the forum and in the bitcoin ecosystem in general, what you should be doing generally is that you should be building knowledge and maybe in addition to the knowledge, if the resource is availabel, you can invest also.

it is not impossible for a newbie to start getting profit but before that will start happening, it must be that the newbie has invested enough to have expected a good return and even when you consider his stay in the forum, it is still subject to time and a lot of intentional effort before the divident of it comes out. every old investor was once upon a time a newbie.

Op I agree with you on most points. Most new investors have high expectations of getting high profits in a short time, which makes them think in the short term. Every new investor should try to increase their income source through hard work and build a long-term Bitcoin portfolio with patience. Do not waste your valuable time and hard earned capital in the hope of quick profits. Start buying Bitcoin with a quick decision and try to ensure the right use of time.

Do not pressure yourself to reach the top. Set your goal and start Bitcoin with whatever financial means you have because if your goal is fixed to do it long term then you will succeed one day. Forced investment most of the time does not lead to success.

The mentality of getting quick profits makes you greedy and this is the biggest obstacle in the way of achieving your goal. I think that in accumulating Bitcoin for the long term you can easily reach the goal without feeling pressure.

It's true but I still have my own perspective about this topic while he or she is building a portfolio he or she should also put profit small at the back of his mind, Bitcoin is an investment and every investor wants profit. Not just that he or she will start making profits soon but once he puts the interest at the back of his mind he or she will be serious about building portfolio also

In the crypto space you must learn before you earn, making enough profit from Bitcoin takes a lot of patience and discipline to benefit from. If you start out your investment and hope to get rich from it rapidly then you don't know what it means to be an investor or a trader. Building up your portfolio doesn't just take a few days or weeks, you must be disciplined enough to wait and one more thing that's important is investing based on what you standard, make your research before diving into the market, this is going to help you reduce losses

I think the learning part in cryptocurrency space is a most the importance of having education, patience and discipline in the Crypto space particularly when investing is a common thing which i feel everyone who is interested in cryptocurrency should come with this mindset of learning before earning, building a well balanced portfolio takes alot of time and investor need to be disciplined enough to wait for the right opportunities and also investing in cryptocurrencies like Bitcoin requires a well-thought-out approach, and it's essential to set realistic expectations.

OP is confusing me on the topics you created,

Bitcoin portfolio you mean is rank on the Bitcointalk forum or skills associated with Bitcoin development or anything else except money because that's what you saying newbies should avoid.

Bitcoin portfolio is actually, how many quantity of Bitcoin you have in your balance, that's a portfolio to me.

One thing you need to know is that bitcoin is not an investment to make quick profit . Bitcoin is a longterm investment and if you are thinking of making profit quick , you are making a mistake.  Bitcoin is unpredicted and you can't even tell what will happen in a specific time. For you to make good profit in Bitcoin investment is a accumulate more bitcoin aggressively and to hodl, not even to plan to sell out when a little profit is made. Accumulate more bitcoin and hodl for longterm and good profit will be made. In bitcoin you have to be patient and forget about profit if not you may end up missing it.

There is a possibility OP made a typo error and I believe OP would correct it soonest because from what I could deduce here and based on what I see this topic to be is that it might likely mean the gradual accumulation of Bitcoin by working had to be able to buy more Bitcoin while the opportunity avails itself and while doing this as a newbie, it would be better to do away with the mindset and mentality of making profit so that you do not get carried away with the little profit realised in the course of accumulation which would get you distracted from your focus on building a good Bitcoin portfolio.

Every legendary was once a newbie and they didn't just jump on the position without patience and hard work, so any newbie that thinks they can grow overnight is merely wasting their time and energy because it doesn't work that way. To grow your Bitcoin portfolio, patience, consistency and hard work are needed to achieve it. Being a newbie is actually hard honestly and it's very easy to give up when it seems you are not making progress but set your goals and focus on it and never let slow results to make you feel less confident in yourself.

Yes you are absolutely correct, these are what every investor should have at the back of their mind before they start Bitcoin Investment journey because there will be challenge and trials and overcoming then is what will define an investor. Bitcoin na very nice asset wey we no gats play with because even if say nothing dey certain about am but at least we don use our eyes see the potential wey e get and I believe say in the future we go still see more than waiting we dey see now and anybody wey wan go about am, make the person give much attention to holding for long term because na when we hold for long we go see something tangible because trading Bitcoin dey like waste of time because you no fit predict the possible movement.

I agree, Bitcoin isn't just an investment that grows overnight, as a newbie you must be focused on gaining knowledge and building your portfolio gradually...you can't be financially stable with Bitcoin overnight, people who think like this usually have unrealistic expectations...it's possible to get rich with Bitcoin but that shouldn't be your aim when you are starting your journey, focus more on building one step at a time

Some of these our advice we dey give each other concerning Bitcoin investment matter e go I no go lie but the problem be say the new ones wey wan join or wey don join the investment matter them dey really take note of all these ideas? Bitcoin progress no be something wey person go just wake up one morning say today I must make am through bitcoin but na time patience and the way we use our head to understand am because if we fail to understand am we don already set to fail badly and na why them say get mentor as in person wey sabi pass you no be to just run enter go waste money like that, na why many people go say them don loss well well for this kind investment and some people too wetin them hear about the investment no be wetin them go see na why the believe and trust for anything bitcoin related go just die off, nai make I say before we introduce person to this kind crypto investment full information nai go help many continue to do the needful to succeed and grow.

As a beginner in Bitcoin, looking for quick profits is the very first wrong way to think. Bitcoin needs patience, discipline, and long-term focus. Growing a portfolio takes lot of time, and beginners might end up feeling discouraged if results become slowly or if others seem more successful then them, they will be feeling like they are not doing it right thing or their time will not come. Which with a bit discipline and patience they will get a better result.

The most important thing for a beginner is consistency. Taking small steps, like learning more from others, saving bit by bit, and staying calm in any situation, will build you up over time. Every investor faces hard times and also good times, but the key is not to give up. Being patient and strong is what separates those who succeed from those who quit early.

TBH, that is the realest advice a newbie can get. When you come into Bitcoin with that quick profit mentality, you’ll almost always get burned, because the market will humble you.. The goal at the start should not be chasing gains, it should be stacking up little by little and learning the game…

Once you have built that mindset of accumulation, profit becomes automatic in the long run because Bitcoin has always rewarded patience. But if you rush in thinking it is some overnight thing, you will likely panic sell or lose focus. So yeah, for any newbie, the best move is just to keep stacking and building your portfolio, the profits will come naturally with time…

I would have to respond to this thread as if the OP's topic is about patience in accumulating and hodling Bitcoin and not about growing forum account.

My usual advice for Newbies is that investing in Bitcoin is not a ponzi scheme or get rich quick scheme. Profiting from Bitcoin requires a long-term approach, and patience is an important virtue in this adventure. Anyone who wants fast turnover should consider learning about altcoins or crypto trading.

The goal of every investor is the profit they are to make from their long-term investment planning in Bitcoin. That profits alone encourage them to keep holding on to their investment strategy by DCA, not to give up on it, since there are profits to make.

Saying that newbies shouldn't think of profit-making doesn't sound right to me because every one of us has a target price of selling some part or all of our Bitcoin at a given price.

I definitely agree with you what new Comer's to the Bitcoin space should be more concerned about should be to build their Bitcoin portfolio especially in the areas of building capacity by acquiring the needed knowledge base base which is needed to navigate any one through the crypto space and this also applies to those newbies who are newbies on this forum they should look beyond making profit but should think about how they should acquire knowledge that is needed to build their accounts

In addition to what you have many made mention of i think building a strong foundation in bitcoin knowledge is crucial for new entranst, which acquire a soild understanding of the bitcoin scape which help n navigate its complexities and make informed decisions. By prioritizing knowledge accusation it has brought many investor to have a better betterment.

Exactly, you really nail it, one shouldn't put their mind in getting quick profits as soon as they start investing in Bitcoin. Instead they should work on themselves by building their mindset on focusing on steady progress, which it will easier for them to be able to navigate market fluctuations, because this can make them not to feel pressure just as you have highlighted.
Also, once the spirit of greedy enter them, it will hard for them to chase their goals, that is it's crucial for them to discipline themselves.

Profit is a byproduct While a strong portfolio is the foundation for success.
In other words newbies should avoid short term greed because by chasing quick gains you end up buying high and selling low arriving at a loss when you focus on portfolio building it encourages patience and discipline instead of trading with emotions. Newbies should strive to understand the nature of Bitcoin as it's a long term financial network, building a portfolio helps you to key into the Bitcoin multi-year growth story rather than price fluctuations and also beginner's lack experience with volatility, instead of trying so hard to pinpoint the market gradually gathering Bitcoin reduces the risk of costly mistakes, While it's also important to earn newbies should consider learning before earning, financial reward should be achieved as a result of understanding not luck as focusing on portfolio growth gives newbies time to learn about security, wallets,custody and Bitcoin role in the global system. It's also important to note that those who build steadily are often better off than those who trade aggressively and chasing profit most atimes leads to stress and burnout , building a portfolio creates peace of mind gives you time to focus on the bigger picture.

On point. Just like the title "A newbie shouldn't think of profit making but building up Bitcoin portfolio."
Building a long-term mindset (even before starting BTC journey) is paramount for any newbie investor. Undermining the temptation of quick gains empowers you to consistency, strategic accumulation (DCA) (no matter short-term price volatility).
Patience and perseverance are crucial assets for any investor talk more of a newbie. It takes time to build a meaningful portfolio, so staying focused (on long-term) through market cycles and continuously learning and contribute wit little steps will definitely be more profitable than pursuing gains. As a newbie it's great to courageously keep stacking.

Nothing dey come easy for this life and if na the problems wey dey follow having a good thing for yourself for this life you wan follow, just know say you no go fit make anything for dis life as others dey make am. Nothing comes easy, everybody dey do wetin dem know say go good for them to take benefit for this life and putting bitcoin investment amongst the things go really make you plenty of fortune in the future. DCA na better way to take build your portfolio if lump summing no go dey easy for you as no be everybody dey gallant financially to start investment fully in bitcoin. With the way Bitcoin investment be, people even prefer to join am through DCA because of how the market dey volatile and dey come with many opportunity to invest.

Surely every newbies is supposed to be buying continuously without thinking about if you're in profit or not, because having this mindset can bring a lot of problems in your accumulating journey as you will start attempting to sell for short term profit due to a little increase in the value. Though everyone have the right to do what they think is best for them as we can not force this guys not to look into profit during thier early stage so those who have ears let them hear while those that may also hear this information and choose not to do them is on thier own so this is just a matter of choice, but is always advised to focus on the ongoing buying of bitcoin as a newbie who is just getting started and pay less attention to the profit aspect until you reach your investment goal or stage of overaccumulation.

Why will you start trading, and you going to have that kind of mindset, before investing in bitcoin, then you should know that bitcoin is not a get rich quick scheme, so you shouldn’t expect quick money, also you should know that you can lose money in bitcoin investment, so you should know that anyone thats promising zero risk when you invest just want to scam you.

As a beginner, you will have to go through the learning process, and in the process of learning, then you are definitely going to lose money, don’t be surprise that you going to lose almost everything which you deposited, thats why when you depositing money as a beginner, then you should start small, so that you won’t really be affected if you lose the money, so always start small.

Most beginners do always end up being discouraged because what the see on social media about bitcoin investment is always completely different from what they come across when they start there investment journey. Most people that post on social medias are just deceiving you, most of them are doing it because they want you to join their group or something like that.

Here's a strong point. As a beginner, the aim shouldn't be on quick gain at first rather it should be on learning, patience, and mastering. Bitcoin demands time and discipline, instead of rushing expectations. It is normal to get discouraged as a newbie, but persistence and continuing with a long-term mindset is what enables you to grow your portfolio and confidence with time.