Bitcoin Forum

Hello everyone, i just want to share my thought here as a newbie, i bought my first bitcoin two weeks back, after spending the first month studying and reading everything as relate to Bitcoin, the time spent on learning and gathering knowledge have started to pay off for me during this period were the price of bitcoin have nosedive greatly.
Let me explain what i mean in details.
First before i bought my first bitcoin, i first of all build a good understand of the market and how bitcoin volatility works, and also learned about the effect of external forces in determining the price of Bitcoin  such as exchange crisis and other governmental policies that can have short time effect on bitcoin.
Secondly i have learned never to panic during any crisis time or when the bitcoin price drop significantly because in the near future it will increase in value again, and also to hold an amount i can afford to look away from for a long time.
This and many more is the reason behind my current confidence in Bitcoin's ability never to let me lose if I hold for a long time.
Indeed knowledge is power, because knowledge can save you when money failed, because knowledge failure is a lifetime problem but money failure in terms of investment is temporally and if I wait I will soon be in profit again very soon, that is what past records have shown and proven.

First of all, welcome to forum and I have to say that you chose a very good time to buy your first bitcoin.


Regarding this "I will be in the profit very soon" part, that doesn't have to necesasarily be true as it may be even years before bitcoin goes back to the levels where you bought it so you should be be prepared for that scenario as well. Having said that, since you bought your first bitcoin much cheaper than ATH price was, chances are that you won't have to wait for years to be in profit. 

You did good learning but it is not enough. Purely reading and learning can not help you understand it entirely. You must be in the market to digest such knowledge and feel about it. With your experience, you will know such knowledge is right or wrong.

Practicing to control your emotion, psychology and avoid being panic with news is good practice. If you experience the market enough, you will be able to exit when market starts to fall and can buy it later to increase your coin.

If you can not do it, holding is best.

Remind that it is useful strategy for Bitcoin, not for altcoins that have more sensitivity with news and uncertainty of their survival.

You are indeed learning some good stuff, and I hope you put all you have said in the op into practice, it all shouldn't just end as written words here maybe for the sole purpose of growing in this forum, i promise you that, if indeed you can put everything you have learnt so far into practice, you will do well as a bitcoin investor.

And another good strategy to grow you bitcoin bag i would like you to learn again is the DCA strategy DCA means - dollar cost average - this in details means buying the same amount of the coins you bought before, or even more of the coins, when the price is down and going down..
For example, let's assume you previous bought 0.001 bitcoin for $50 when the price of higher, now that the price is cheaper, you can buy again, same amount of bitcoin or even more, and this time, 0.001 bitcoin might cost $40, at the end of it all, if you check your overall average buying price, you will discover it is lower compared to what the price of bitcoin was when you bought your first bitcoin, and this means more profit for you when the price of bitcoin starts going up..

All in all, always remember, never invest money you can't afford to lose.

OP, it is nice you took out time to learn more about bitcoin before taking any steps. Learning keeps you knowledgeable and therefore would guide you through knowing more about any thing you deem fit of knowing based o your interest. I must commend you for the task you have yourself because not everyone would want to do such when it is very accessible to them irrespective of the fact that they do not have idea of the system as it works but are eager to get it without prior knowledge.

I must remind you of this. Do not keep your assets in decentralized exchange as they are a third party to your assets and as such, you do not have access to the private keys so therefore it is very risky to do so. You should have a self custodial wallet where you can transfer your funds to for your safety.

Remember this "not your keys, not your coin"

Weak hands usually have a problem in the network, they sell at any event that causes panic and they don't buy until the price starts to rise, it is great that you don't intend to use BTC the way weak hands do. From your post you have learnt things about BTC investment, but take note that BTC is also a currency, a permissionless and censorship resistant one, so you should also have confidence that BTC is a currency that cannot be controlled, hacked or shut down by any government and one you can use without anybody's permission, this is the most important thing about the network.

Personally, I respect and approve of your approach and believe that if more people acted like you, the cryptocurrency market would be much safer. A conscious investment is very important, of course it does not mean that it will always be profitable, but it shows a mature approach to investment and I believe that in the long run it will guarantee you profit. Do not give up further learning economics and technical analysis, and it will certainly pay off in the future. I wish you every success.

You've done the right thing as a beginner. And it's true that as a Bitcoin investor, the first thing we have to manage is not to panic because panic will only make us unable to think clearly.

If you know that knowledge is the power that can save you from panic, you will be fine and able to hold on to Bitcoins and instead will use the downturn to accumulate more Bitcoins. While other people will panic, you can use the moment well.

It takes patience and it's not easy to deal with panic but you've proven you can. I hope you can continue to buy more Bitcoins with the DCA method so that you can have more Bitcoins and can earn big profits in the future.

These weak hands are more of newbies that are inexperienced about Bitcoin. They panic sell at any slightest fud or fomo to getting back investment or possibly a little profit gained which causes a big price crash giving room for more whales to accumulate more bitcoin and wanting to control the market.

I just assume they are not knowledgeable enough to have studied about Bitcoin before getting involved in it. They are even worst than daily traders because traders too do not panic sell the way some newbies do and that has been the problem of price fluctuations in the system coupled with other factors too.

I was shocked that you did not have the same perspectives as other newcomers. Most newcomers lack patience, so they make decisions based on their emotions, which is extremely risky in terms of investment and trading. An investor who is quickly frightened usually has little expertise about Bitcoin. Certain individuals believe that volatility has no advantages, however volatility is the reason that certain people become wealthy quickly. If you know enough about Bitcoin, you will believe that the price will skyrocket in the near future.

Yes, this is Hold's summary, people who panic at the first drop they see in Bitcoin or who can't part with investment money for a long time are definitely going to fail with the Hold strategy.

Because they will simply sell when afraid, or they will sell their bitcoins at the first financial problem they encounter, so whoever wants to hold should stay away from monitoring indicators on the screen as well as stay away from negative news because all this means nothing.

You have taken a good step by starting your Bitcoin journey with learning, which is the basic need for anyone willing to succeed in any investment, not only Bitcoin.

By now, I am sure you understand how the market moves and some factors that affect the market movement, which is a great achievement as you did not panic to sell as the Bitcoin price kept going down.

The word soon you use here might take more time than you expected because we can't predict the market; we are only hoping that the market will soon be good and the Bitcoin price will rise again.
Depending on the profit is not advisable now, which is why we are advised to invest the amount we can afford to lose.

You did a good thing before starting, with a basic understanding at least it makes you at least understand all the aspects needed because if you learn more then you will have the knowledge and judgment that you think is good to do it on the other hand some the effects of other news also often affect the price of bitcoin including from government policies and other famous people.

Bitcoin always has a good cycle if you are only investing for the long term then don't panic all the negative news that leads to bitcoin will quickly pass, and with your faith I think you can do that especially you already know when bitcoin goes down then it will up again someday, I with us holding on longer then we ourselves will be the winners.

At first, it was difficult to overcome panic, but believe me, if you understand everything related to bitcoin, then you will understand how not to panic, let alone sell your bitcoins in the middle of the road.

You say that you have learned not to panic during any crisis or when the price of bitcoin falls heavily. But in those 2 weeks that you bought and own bitcoin, nothing like this happened. I'd like to see how you control the panic of a significant drop in bitcoin, say 80% after you buy this and what thoughts you will voice at that moment. :)

Well, I would've agreed if this is hinge on something that will never fail us but it's not at all. There is absolutely no guarantee that price will keep going up unless the prediction is based on something that guarantees that.

Anyway, I'm basing mine on the Only Thing that can never fail which is the CREATOR of the Universe. I believe strongly HE will reverse the price and keep it going up. No past price action, "rich" person, government agency can prevent that or make things go his/its way. I have seen non who succeeded. They are cloud without water, making empty promises and weak threats and they probably think it's working when price reacts to how it's "programmed" to react to factors they probably knew about after reading about them on Bitcoin Master comments. It's like having an idea when it will rain due to the behavior of the clouds then you tell your juju men to scatter ashes in the air and announce to millions of your decieved slaves that it will rain today or tomorrow. When it does rain they give credit to you instead of the CREATOR who caused it to rain. To avoid any embarrassment, they get more juju men to say it won't rain, so that if the former fails the latter will bring them the credit. That's how incredibly deceitful they are. This is why we choose to be very precised with our predictions. Credit must always go to the precised Predictions.

Well, it's clear the current sentiment is very pessimistic, both on social media, and this forum. This is when Bitcoin Master typically steps in. It's just abit unfortunate that some gods are already giving baseless assurance of a coming dominance, at a time Bitcoin Master hopes to pray to the CREATOR for price increase and then move it up.  These are clogs in the wheel of progress that should be checked. Nevertheless, for the sake of being consistent with our method, we will move the price up and this will be based on something everyone in cryptospace can use as proof of consistency. For example, "he was the first to say this or that and the market is reacting accordingly", the credit automatically goes to the ONE who deserves or did it.

First off, I would like to welcome you to our Bitcointalk forum! I hope you like it here and that you continue your Bitcoin journey with us fellow holders. You will find that there are many such moments of immense volatility, which tempt even the most veteran of Bitcoiners into selling their coins. But as long as you believe in Bitcoin and keep holding your stash, you will be completely comfortable.

Hope to see you around the forum! Have a great time! 8)

There are not many people like you who first actually go through the harder process of learning all the elements required to buy and hold bitcoin.
It seems you already have a better understanding of the market and how it behaves in different trends.
You just have to stay strong now and keep holding it through its cycle. Learn how to take profits.

Holders somehow don't panic when they don't have plans to make their 1BTC become 2BTC. The idea why some would panic is because they know what could happen in the next 2 to 3 weeks like BTC price could ge dip to $20K.

Given this information, one holder would mind holding still for they know that BTC will always rise even after years of holding but to some holders, they see this an opportunity to simply sell at $25K and then buy back at $20K. Call it panic but I see it that way.

Knowledge is power,you have done well to acquire the little knowledge about bitcoin in terms of holding and not to panic when the prices surges. I hope that you also learn about the types of wallet,so that you don't keep your bitcoin in a centralized platform or exchange. Noncustodial wallet is the best for your to keep your coins,as you are the only one that will have access to your bitcoin. Practice makes one perfect and I am happy that you have already purchased your first bitcoin. You should practice on how to hodli for long and maybe you can also increase your bitcoin portfolio using any of this three methods. Buying at dip,buying in lump or using DCA

I believe sometimes it is the get rich quick mentality that makes most newbies not really take out time to do the needful by  doing their research properly in knowing more about bitcoin. Sometimes, it all points towards the way and manner whomever onboarded them had explained it to them on how bitcoin works. Newbies understanding hovers around making profits without putting other factors into considerations. This has caused them their funds as most fall easily for scam, some get hacked and some end up loosing their funds in the course of trading when they have no idea and know not the basic fundamentals in what they have engaged themselves into.

The important point you have learned correctly and I like to listen to this sort of thing instead of arguing with risk whims and price fluctuations. Knowledge will lead us to the stage of emotional control when the market takes a hit as a result of some developing FUD news, as has been the case in recent days. The binance case also has an influence on the current decline in bitcoin prices and if you don't learn to understand bitcoin performance it will put you in a panic stage and whatever you have learned is good for actual knowledge.

Keep calm and keep collecting bitcoins (HOLD) is the best way to make maximum profits in the long term. The momentary panic caused by some of the problems that occur in the market will bring someone to the big loss stage and we have the opportunity to hold and not have to sell the bitcoins that we have during the current market conditions.

Knowledge is power, I like that point.
Knowledge is our basic capital in doing everything, and you are aware of that and make you able to understand more and know what to do when you face certain circumstances. Many people (beginners) in this space end up losing money because they lack knowledge about bitcoin which makes them panic and do what they should do.
Knowing and understanding what we are going to do is something that must be owned from the start, because if not something bad might happen, not only in the scope of bitcoin, but in all things related to life.
I think you will be a successful investor in the future with all the knowledge that you had in the early days when you jumped right into this bitcoin space.

now what happens, more people don't understand the events of the Binance and SEC dispute, and many misunderstand and speculate as if Binance has been banned worldwide. this has a direct effect on crypto prices and see now the price crash and even altcoins are even worse.

Binance Global was not affected and since the SEC disrupted binance a lot of FUD has spread wildly and uncontrollably so that Binance's credibility has decreased slightly. Is this a manipulation by whales to make Bitcoin prices cheaper ahead of the Halving?

But looking at history May and June are bearish months and it's happening again right now.

Are most newbies weak hands?


I dont think so because i take myself as an example, when i started my bitcoin journey as a newbie, i have the steel hands mentality and at that i always look out to the best possible opportunities to buy more rather than selling because as a newbie all I aimed to start more bitcoin and I don't even have that thought of ever selling no matter what the condition of the market will be, this approach really helps in my bitcoin accumulation journey.


So not all newbies are weak hands and just as the ops have said, he has taken the right step by studying well for the task ahead and the DCA value of Bitcoin regardless.

Hey, welcome to the forum!

You know, learning about Bitcoin is like peeling an onion. There are so many layers to uncover, and the more you dive in, the more you realize how fascinating and complex it is. It's not just about the technology or the market trends; it's about the philosophy behind it all. It's about challenging the traditional financial system and giving people control over their own money. It's about freedom, and that's something that I think everyone can get behind.

But let's not forget the importance of responsible investing. It's important to do your research, and not just blindly throw money at things. Bitcoin is a volatile asset, and the market can be unpredictable. That's why I'm glad that you're here on this forum; it means that you're serious about learning. You can't just jump into Bitcoin and expect to make a quick buck. It takes time to learn the basics, and even then you'll still have plenty more to learn. It's all about taking it one step at a time.
 

Not all newbies are weak hands, however once you find out the majority of them are not really interested on this market for its ideals and you realize they just want to make some money, then it is easy to see why it would be difficult for them to hold their coins if things go wrong, however if a newbie comes to this market for the right reasons and they have spend a great deal of time informing themselves about it, then there is little doubt in my mind they will do well and they will keep holding their coins regardless of what happens next.

Nice boost for someone just getting into bitcoin and I love that.
But there are indeed several factors that also need to be considered in this case because taking action not to panic easily is not as easy as it is said so indeed this requires several conditions where you must be prepared with all the risks that exist, of course in this case bitcoin will obviously be a little complicated if it is not accompanied by knowledge and training to control emotions and greed then it also deserves to be studied further.
On the other hand, no one can predict immediate profit in bitcoin because in this case there is no guarantee that when in bitcoin it will benefit so you need to continue to be patient and determine the target you want to achieve in bitcoin, at least with that you have a yardstick of where you will enter and where you will exit.

I do not doubt the fact but I believe that it is possibly so because of their inexperience as newbies. On the normal, nobody would want to  risk their investment to the point of losing out but rather gain back their investment forgetting that at that situation it would be better holding for long in other to recover all together with their profit.
Like I said research and inquiries keeps one abreast and knowledgeable about a subject matter so it is possible some newbies takes their time to do the needful by giving it an attempt to broaden their experience.

This is a bit childish, like you're trying to convince yourself that everything is going to be fine.
If you need assurance, you've invested too much in this.

Have you ever thought how many of us approach this so that we're completely calm and don't even need to check the price? We either invest so little that it doesn't matter, or we're so far in profit that it's basically impossible to be at a loss ever again. I check charts from time to time, see bitcoin up or down by 10% and don't even care. The only thing that makes me angry is bitcoin being involved in this strange war of the US vs shitcoins and all that it's going to lead to is US being left behind by all the crypto companies and deprived of tax money that it could've had.

Bitcoin is going to be here in 2024 and in 2025. All that will change is the places where people will mine, buy and spend their coins. You can be in or out, but bitcoin will be there with or without you.

Panic and fear are natural and they are good for the human though, you need to be cautious in your actions, the OGs sometimes get scared as well in this market, no way you will invest in Bitcoin as a first-timer without exhibiting that in the beginning but with time, it will depreciate and vanish into the thin air when you understand how the market work or probably made some profits after holding for some time. However, hope you know that emotion is part of why money is been made from this market; people sell because of panic from others and people can also become excited when everyone is buying, emotion is what control the Bitcoin market.

The old rule of never invest what you can't afford to lose" should not be neglected because that's also what will help you hold your Bitcoin for the long term. Some people invest a huge amount of money into Bitcoin, it could be an amount they can't bear the risk of seeing melt with the volatility of Bitcoin. If they see the price of Bitcoin going down, they sell out of panic and can incur some losses. So, always invest wisely; only buy with money you will not need for a long time. Keep some fiat so that during emergencies, there will be no reason to sell off your bitcoin to fulfill your needs.

Most unfortunately are.
You had strong hands early on because, I'm guessing here, you had very little bitcoin.

It's easy to be a strong, dedicated holder as a newbie when your investment is a very small part of your total net worth. If you make 1000 USD a month and you have $500 in bitcoin and it goes down 10% so you're left with 450, you won't even care. Try holding your yearly salary of 12000 in bitcoin and watching it go through a bear market with a loss of 60% and you'll see if you're a strong or a weak hand.

From my experience, the first bear market was very hard, but the second one is easy.

At first welcome to crypto world. At first my advice for you as a newbie you have to learn more about crypto. Again thanks for buy bitcoin. But i think you have to learn More about crypto and cryptocurrency market. Otherwise when you will be some losers then you will be demotivated. Crypto currency market always unpredictable and up and down is it’s natural behaviour. When you will be some benefited you will be pleased and when market will be down then you will be frustrated. So you need Learn More and more. If you study regularly about crypto after a certain time you will be a boss of crypto i think. And about your Bitcoin which you bought my advice you can hold it for long time. If you hold it for long time you will be must benefited therw has no confusion.

I would never advise anyone to invest in cryptocurrencies other than Bitcoin.  We have all seen how in the long term all shitcoins have caused large sums to be lost, especially if one tends to hold.  If this person to whom it is recommended to invest is also the first time that he is facing, then the advice to buy shitcoin is really very risky.  When I talk to newcomers I always explain the characteristics of Bitcoin and why they should do it but I also explain the risks.  So yes, I advise you to hold but you must also be ready to lose part of the investments.

For a noob then its unlikely that someone could easily make out those kind of controls when it comes into their holdings on which it would usually be that totally opposite because or due to lack of experience towards the market. If someone do manages himself not to be bothered with market volatility despite of being a noob then its really that a good behavior to have and not all would really be having that kind of control specially on dealing up with something that they havent been able to encounter before. There are even those old or veterans who do still feel up the panic or
anxiety or being worrisome on the time that the market would be making out some correction. Well, its not shocking since we are just humans which is really that prone with those impulsive
approach and reactions which is something that it is really that common.

It is a good thing that you know about the Bitcoin cycle, even with the current situation that the Bitcoin price is tanking and a possible downtrend is looming due to the negative effect and the FUD of exchanges being chased by SEC, the negative effect of this to sentiment is only temporary and the four-year cycle will eventually happen after the halving next year.  In case this is the best time to DCA and put a little patience on holding since it is just two years away before the possibility to witness another series of ATH-breaking Bitcoin price rallies.

It's a nice idea you have a better understanding before you invest in bitcoin, you shouldn't just invest blindly, when making bitcoin investment, we shouldn't just stop learning about bitcoin, even after buying bitcoin, then you should make sure you still go on more research just to keep on updating yourself about what's happening in market currently, when making investment, then you have to be very current, don't think the informations you accumulated previously is enough for you.

Whenever their is any crises, most people end up panicking and selling their bitcoin, they are scared bitcoin is going to dump hard and they are going to lose a lot of money, but am having confidence that no matter how bitcoin dump, it's going to bounce back so I don't really care about any crisis happening.

I believe some people that are scared during crisis are the once that invested maybe their life saving in bitcoin or the once that went to take loan just to invest or maybe the once that collected money from people just to invest money for them, those once will be very scared to lose money, so whenever they hear about any bad news, they end up panicking and selling their bitcoin.

Exactly because the only way to get your panic on is when you invest more than you can afford and putting too much hopes on the market to make quick gains,  this is the fastest way to get you tension high and obviously becoming a victim to panics and fuds,  but ops failed to mentioned that in his writing but holding what you can afford is a fundamental market instruments that can help shift the direction the investors will face if the price dip below his expectation that way he will have the balls to wait for long for the market to recover before taking any action.

Against when an investors invest huge amount that will give him sleepless night and crisis if the market crash.

welcome to the OP's forum? and also congratulations on your first bitcoin purchase.

I think what you are doing is a good thing because before you buy bitcoin, you learn about bitcoin and the risks of investing in btc. so you won't panic when the btc price drops. I think this is an interesting topic and you are a good example, especially for beginners who want to invest in bitcoin.

Hopefully your investment is successful and get big profits.

Even so OP, you have also recognized your own mistakes, let's look directly at the fact that success or failure does not happen to us naturally. What you know and what you want with it are quite important in getting started, here people can give you great advice on how to approach as well as the right investment plan. with this environment.
Personally, I would like to encourage you that even if you have a loss in your investment journey, it is necessary to immediately acknowledge that problem as to where you have gone wrong so that things do not go as expected. The knowledge in this environment is really great, because it is related to both finance and technology, so I always feel lucky and grateful to know crypto, wish you good luck and Stay optimistic in the process of learning and investing with crypto.

You have learned a lot about Bitcoin and I hope you will do well as a Bitcoin investor. Everyone in a panic with the Bitcoin price going up and down.But there is really nothing to panic about Bitcoin, we know that Bitcoin keeps giving us surprises.  Although we are in a bear market right now or maybe everyone is acting confused because of this, we will soon reach a bull market. You said well when money fails, knowledge can save you. Because a wise person never panics, it will increase in value again in the near future.

Knowledge is very important and is what we need first before getting into any business or investment because it is what will lead someone to success. In the cryptocurrency industry, some investors become panicky because they don't have appropriate knowledge of what they invested in. Especially newbies, a lot of them don't take much time to study well, which is why many of them end up selling their Bitcoin investments whenever they see bad reactions to the price of Bitcoin.
 
When a person is well-informed about the investments they are making, particularly in Bitcoin, they are less likely to panic since they will always feel confident in their Bitcoin choices.To be knowledgeable about cryptocurrency investment, it will take someone time because it also required experience to understand the Bitcoin market.

You are 100% correct Indeed if one wants to enter the bitcoin market knowledge is essential. It's sad that many investors especially new ones frequently lack the requisite knowledge and get into deals without doing their homework. When faced with changes in the price of Bitcoin this quick approach may result in panic and rash choices. However people can develop confidence in their decision making skills by taking the time to educate themselves about the nuances of bitcoin investments. Investors can better understand the dynamics of the Bitcoin market by gradually gaining knowledge in this area through learning and experience. Investors who are well informed are better equipped to handle the inevitable ups and downs of the cryptocurrency market and make decisions that are consistent with their long term objectives.

It is quite sufficient for the basic knowledge that you have if I read from what you wrote in this topic.

In building an understanding of Bitcoin, don't associate it with the government too often because Bitcoin doesn't belong to the government like fiat currency.
The influence that results in rising and falling prices does not depend solely on the strength of the government but there are other factors including the economic theory called supply and demand.

If you want to benefit from investing in Bitcoin, be patient and hold on until the time comes.
Be consistent in building your Bitcoin holdings by implementing simple strategies like DCA.

That's good that you've learned that already. Keeping your head cold is an important thing to do in this market. Panic is the worst thing. Simply holding and, perhaps, accumulating more is a good tactic I choose.

That is what most people do not consider when entering the Bitcoin market, which is understanding the market and some techniques so that you can enjoy the ecosystem, people who don't have knowledge will keep losing money and learning the hard way, but once you have knowledge on something it can reduce risk and has a lot of advantages BUT MANY PEOPLE DONT KINOW THAT and all they want is that money and the aspect of holding and not panicking is not as easy as you think considering what Considering what emotions can be at times, just remember that no pain, no gain, so let's hope for the best. It's great if you can celebrate while others are rejoicing.

It was not just we acknowledge our mistake and accept it but must correct them in order not to happen again. Losses are very common in crypto investment but we have to do something in order to minimize them because, in this way, we are able to reach our goal and succeeded. As long as we can manage to control our emotions and have strong faith in our investment, panic doesn't come for sure. That is why investing in this kind of market isn't too simple, it needs patience and trust.

Well, if you know about the nature of Bitcoin and how usually Bitcoin's price behave then you can actually not need to panic if Bitcoin's price is down because the price will be recovered later, just like every single Bitcoin's event happened in few years ago. I understand that it's not that easy because how people manage their emotions differently, but you have to do it in order to actually get something when you are holding Bitcoin especially for longer time, need to surpass your limit eventually.

First of all, buddy welcome to the forum.

A very logical name, Only a person who believes in reasoning and Questioning can choose such a curious name. I am happy that you've proven your choice by learning the basics of the market and analyzing the characteristics and then making an entry that clearly indicates that you already have the model at least you have a mindset in which you are going to perform different modifications with the passage of time.

I am expecting that you've made an entry at a good time when you can learn about controlling the emotions because market is already under pressure and this is the time when you can test your courage of Holding your precious assets BTC. Belive me your capacity decides your future and you can take advantage of this opportunity to boost your capacity. keep Learning Keep growing.

-Hamza

It is good that you have a good understanding before putting your money into BTC, not everyone have the time and patience to do that, and they end up running away at the slight challenge. But for you though, the market will test your patience and see how really resilient you are.

Even though what happened was Binance US which had an impact while for Binance globally it was still safe, that is the reason why panic can cause chaos in the market, so what happened today crypto was hit and made prices go down again.

No one knows for sure and indeed if you pay attention before ATH there are always events that make the crypto market hit and in the end after everything is normal, the four-year moment will give a very high price swing or what is called ATH. But there is always no certainty in making an analysis of prices and I think this is a moment that can be taken advantage of, regardless of how the market reacts now.

Maybe we will also see a bearish history until next month for bitcoin's journey in particular or it could be sideways. No one knows for sure how the process went and to be honest I'm not an analysis that can provide an accurate picture for this understanding, with limited knowledge and not so well-established analysis.

This is exactly how a new investor should start his journey. Many newbies are always short of patience, they don't want to spend time on learning which eventually ends their journey by facing huge losses. Bitcoin is a thing of learning, one who learns about Bitcoin properly knows how his invested money is safe in Bitcoin on the other hand.

Because the history of Bitcoin is very clear to those who have been involved in the Bitcoin market for a long time. So your efforts are very good and hope you continue your learning process and stay well in this market for a long time ignoring all obstacles. An investor who invests time in learning can extract the right information and results from the market.

OP is an example of an ideal bitcoin investor. Made research and study about the fundamentals of bitcoin and the market itself.

And the most important thing is understanding the long-term outlook in bitcoin investing. I believe most people made their research as well about bitcoin and its volatility. The problem arises when they invest money that they cannot afford to lose or the money they invested is meant to be used later. I have known personally some people that invested in bitcoin but then sold them cheaply. There are also people that are investing extra money but the amount is just too big for them to handle when the market continues to drop and their emotions start to bother them.

If you are lucky, it is not that long time you must hodl it. Maybe we see new high prices for Bitcoin in 2024. Many hope that after the halving in 04.24 a new ATH comes. They said that it will be about 100 days after a Halving, there are a ATH can come. So all speculation, because this has been happen in recent years. And if you hold a part of your money in Bitcoin, then this is always a good decision.

When you money in bitcoin,it’s no fear to worry about your investment.The only thing is you need to wait till market react positively to your investment.When you try to inverse in altcoin,which is new to the market.The first thing,you need to check the background of the project.When the project background is good,you can inverse.If the profile of project owner is artificial,then they will scam you.Don’t inverse in such coin at cost.

Indeed knowledge  is poor and I think that no matter how knowledgeable you about bitcoin,  without a good and proper risk management knowledge,  I'm sorry to say but it will be very difficult to make any reasonable profit without so much effort.
What I'm  trying to say is that, you shoukd always have a good rusk management  knowledge  of the market and know how best to apply it.
I also want to let you know that the best way to enjoy bitcoin  is hodling and the best way to e joy holding is buying the dip so that when the bear market comes, one would be in good profits and you'll  agree with me that no matter how knowledgeable one is about bitcoin, without money to buy and put those knowledge to practice is absolutely  waste of knowledge as such a person will definitely  miss out and in conclusion just have spare money to buy the dip whenever the need arises.

For now even though I am in this kind of environment it can be said that I am just stepping in and cannot be compared to some who have been in bitcoin for a very long time but in this case what I see is that as you said, waiting is the most reasonable thing for now. I felt bitcoin for ATH even 2 times there and I also felt bitcoin crash and until now I feel that and I can say for my previous few years of portopolio it seems that it still hasn't returned. But being grateful is something that still has to be done so that I can buy bitcoin even from the price of $15k which I never got before and of course it's a blessing.
There is nothing stopping me now from continuing to be in bitcoin and indeed this is something that I am waiting for by continuing to survive I will be sure of my choice for the next few years it will get better.

Anyone who is a newbie investor or experienced investor already knows that bitcoin is an asset that is always volatile. What makes them different is the know-how and how to successfully generate returns on a plan. Experienced investors tend to have a good way of managing their emotions and psychology when the market fluctuates, whereas inexperienced investors or newbie investors fail to do so. Of course I can't generalize that all newbie investors have the same habits, but most fail.

Experienced in the industry, learn a lot and explore more knowledge to be able to manage emotions and good psychology about the market. Even if the market does not guarantee a profit, its volatility can pay off once they minimize the risk involved.

In light of previous price declines, the current decline in the price of bitcoin is not at all unusual. I advise my cryptocurrency pals to maintain perspective because the current market correction is comparable to other corrections. And if we pay great attention, we can notice that, like Bitcoin, other cryptocurrencies have also been impacted by the price to an extent. Anyways, despite that future of Bitcoin and cryptocurrencies being uncertain, it is essential that we, that newbies stay calm and avoid making rash decisions based on short-term market movements.

Thank you for sharing your positive outlook for being involved in Bitcoin, despite experiencing market fluctuations and challenges along the way. There have been periods of highs and lows in the cryptocurrency market, and it may take time for investments to yield a positive return. Actually, investing in Bitcoin requires persistence and a long-term perspective. Markets can be unpredictable, and it is important to make informed decisions based on your own research and risk tolerance. A positive attitude and resilience during market downturns can also be fostered by being grateful for the opportunities you have had, such as buying Bitcoin at a lower price point.

Ultimately, it is up to you to decide whether or not to continue using Bitcoin. As long as you remain Hodl, maintain a long-term perspective, and make prudent decisions, you can navigate the cryptocurrency landscape with greater confidence, which may increase your probability of reaching your investment goals.

Only those without adequate knowledge will panic at this point and as the ops stated,  I think he would have built adequate knowledge that will help in making the right decision at the right time and also eliminate panic from the mind and this is why we constantly advice newbie to first of all build knowledge first before anything to be able to stand against any market obstacles that may arise along the way.

The most important lesson is to have long-term investment goals that way you are kept away from the daily price movement and less funds.

Those that do not understand the market will keep complaining about the market not being stable and ranging for almost two to three years now. This is important for the mark6tongain liquidity and balance well before heading on the next bull run that will be coming to us soon. It is good for us to have the experience now so that when some thing like this happens again, we can be rest assured that the market is going to come back to normall.

The bear market is what we have been seeing on before now and the bull market always acvompany it to give those who have bought before when price was down to make good profits from the market.
 But now and hold although it could be very painful and tasking for those that don't have the finance to accumulate some holdings.

First of all, I think this is the right time to buy. Bitcoin may fall further, but when it starts to rise, it will be faster to reach this level.

Your research on Bitcoin has been very successful. It's information that people who have been in the market for years know but have trouble applying. I am also curious to see how you will use this information when more time passes, because sometimes you move with the majority in the market and you can make losses. And sometimes it causes you to make a profit. So you haven't spent a lot of time in the market yet and you haven't seen how you react to a lot of things. Don't stop acting on the truths that you speak about. Always keep Bitcoin. This is my humble advice to you.

Welcome to the forum Op!
I am happy and at the same time surprised that there are some newbies who still make out time to read about bitcoin investment before investing. The type of newbies I see these days are the type that would want to be spoon-fed on everything. You will see them asking questions such as;

• What is bitcoin?
• When is the right time for me to buy?
• If I invest now, when will my profit come?
• I invested last week and now my money is reducing etc

Now you have read and gotten the basic knowledge of how bitcoin works, you are not under panic and you will not stress the forum members.

You got all the key points, hold on to them and you shall not regret diving into the cryptocurrency industry. Congratulations!

Well 1btc can never become 2btc. I say this for hodlers and investors alike. What happens or is obtainable is that, bitcoin value for your hodlings will always fluctuate based on market condition. Other than this, the much you could get to increasing the numeric value of your btc is by trading which goes both ways and by topping your portfolio by buying more btc.
Values will always go up and down but, your numeric value stays the same.

For sure you chose a good moment to buy your first bitcoin thanks to the recent (small) dump, so congratulations, especially for buying a full bitcoin, not too many people can do something like that nowadays. Regarding being in profit soon, who knows? You know you have to wait, and that's good, but you must be prepared to wait also 1 year or even more, so if I were you I would mentally prepare for this kind of scenario.

I admire the mindset that prioritizes understanding the factors that influence the future, as it empowers individuals to take control of their own destiny. While I don't disregard the importance of money, knowledge reigns supreme in perpetuity. Anyone can buy Bitcoin anytime, but those who are knowledgeable will grasp the opportune moment and identify secure avenues for purchasing Bitcoin, thus reaping future benefits.

I commend your initiative to educate yourself about Bitcoin before diving into its purchase. Never cease learning, for there is a vast ocean of wisdom from brilliant minds in this world that is yet to be explored.

Confidence in Bitcoin is based on a view of its long-term potential. The price of Bitcoin has experienced wild volatility over the past few years, but the general trend shows relatively steady growth.
If you understand Bitcoin-related knowledge and market operations, you will not panic about the fluctuations in its results, and you will get better returns.

There shouldn't be panic while holding Bitcoin because it's Bitcoin, there is no greater risk to holding Bitcoin unless you lost your private key or you sell too early, my panic with crypto investment comes from altcoins only, and I really can't do without altcoins because they always bring me a better return of investment over Bitcoin. Only those that don't understand Bitcoin very well get panic while holding it, Bitcoin is well recognized and it's the market mover overall, if bigger companies are buying and holding Bitcoin everyone should be smart enough that it's just the beginning.

If you’re patient & you don’t need instant profits & fast returns then bitcoin is pretty much the safest & best investment out there. Buy, keep adding to your stash & hold for a number of years. You will definitely make great profits whilst protecting yourself against inflation. Volatility is a feature of bitcoin, not a bug. You can do very well using the volatility to your advantage.

You seemed very positive about Bitcoin, but I do say that you need to be prepared for what will happen on Bitcoin first. It isn't guaranteed that you will earn profit overtime as others are thinking because they tend to always think that if they invest in Bitcoin, they will earn profit immediately, but that is not true. You need to go through some rough things before achieving the profit.

Congratulations to the OP for his Bitcoin investment. While entering this field i understand from the article that he has done research beforehand. Otherwise i am against people blindly investing in something. I don't think the OP bought Bitcoin for long term investment so i would consider it normal for him to panic at sudden price movements. You are experiencing a small part of the stress test right now but you should also prepare yourself for the bloody times of the market.

OP has done a lot of research but it will take time to learn the dynamics of the market and you will need to experience it. Remember when you first entered the market and when the first coin you bought went down, you thought that your life was ruined. If I give advice, there is no guarantee of anything and when making your investment always invest in amounts that you can afford to lose.

Bitcoin is not the safest and best investment. Bitcoin is the most potential investment, but there is no guarantee that we will make a big profit in this market. Don't forget that the higher the return, the higher the risk.

OP, I especially admire OP's spirit as a newbie, as most newbies invest blindly and greedily, they don't take the trouble to learn everything before investing. But reality and theory are very different, so I hope you will always keep that spirit no matter what bad happens in the market.

And that is the thing, as years go by and more people adopt bitcoin and begin to use it, if they were to ask us the year in which we became part of this market they will not only assume that we have a massive amount of bitcoin in our wallets, or at least massive compared to what they have, but they will also think that our journey would have been especially easy and this is not true, holding bitcoin is incredibly hard as even if you are completely convinced about what you are doing, the movements of bitcoin can be so extreme that many people just sell their coins at the first opportunity they get.

Most potential investment option contains big risk too. You can not know what will happen globally next ten years or longer. You only can read the Whitepaper, check history of Bitcoin since 2009 and gain your belief for investment decision but risk always exists. You can not control risk as you are not decision maker, policy maker from governments which can change the world and regulation on Bitcoin.


Being positive about it is good if you understand how decentralized its network is. However, being careful is never bad and I would like to keep my capital into some parts and don't spend it all into Bitcoin. With me, fiat currency (cash), stable coin and Bitcoin, that's it and I believe with this diversification, I won't lose all money after one night.

If I store my capital in only one asset either Bitcoin, fiat currency or stable coin, I will have risk to lose all my capital after one night.

actually what is our concern here is that you manage to understand and invest in Bitcoin things that only few people have to learn in not so hard ways , we people here once lose money first before formally understanding what we need to do and yes , now we learn our lesson and also correct investing long time (HODLING) is what we need to do for us to gain better than nothing .

I agree with this part in the general assessment, bitcoin is only considered the best in the context of crypto investment but some people also have other investment instruments as their main choice.
On the dark side, the word "safest" is a magic spell that has also been used by a group of scammers teaching beginners how to hold bitcoins wrong. So, the best and safest is depending on the preferences of the holders themselves.

No one in this forum(Including me) is a financial investment expert op which is why you shouldn't trust anyone offering investment advice blindly. It's really tough to predict BTC price at any point of time accurately due to its volatile nature.

Your decision to HODL could help you earn crazy profits or lose a lot of money depending on various factors which is why you should invest only what you are willing to lose.

Do your research thoroughly and make a decision where you won't have any regrets in the future.

Knowledge without action is still a fail. It's good that you researched anything that you need, and at the same time you made some action by buying Bitcoins.
There are some out there who are just researching, learning Bitcoin, but months after learning, they didn't made any action to buy Bitcoins. Maybe because they still don't have the money, or they don't have the confidence to do it etc.

I guess just by looking at the price history of Bitcoin, you can already see that if you bought Bitcoin, and hold it for at least 3 years, you will certainly get profit. Of course it still depends on when you bought it, but the longer you hold, the more profits you might get.

I guess I wish you good luck, and always be patient when it comes to holding Bitcoin. Bull run is expected to happen at least months after the halving, so prepare an exit strategy when it happens. Of course this isn't 100% sure because we might not see it happening... or is it? :D

I just wish that everyone who isn't a billionaire does this because it's a proven thing that slow accumulation is the best thing to do, not to mention safe because you are investing what you can afford to lose. I like your outlook about volatility, I've told my friends that volatility is an opportunity to make money in bitcoin because they can use the advantage that the price is moving at a drastic pattern that they can easily turn a 2x profit if they wait enough but they don't listen, they want to go for the quick buck so I am still the only one that has bitcoin in my circle.

One of the reasons they can handle the heat when the crypto market is not looking good is their multiple sources of income or they just invested the money they afford to lose or others used the money that is supposed to buy things that came from their bad habits for example alcohol and cigarettes, and when they see the price has decreased dramatically, they remained calm because they have nothing to lose and they will just keep buying at the low price so that they can maximize their potential income in the upcoming years without worrying too much. This is a good thing to do rather than sold your house to buy bitcoins and live in a tent for a year.

1 Bitcoin can always become 2 Bitcoin but only if you know how to do it, of course, it won't just become 2 Bitcoin if it's kept idle, that will only make its price go up and down as the market moves, but as a trader, if you know when to buy and when to sell a coin, you can turn your 1 Bitcoin to 2 in not much time. All it needs is the ability to read the charts and understand the movements of the market to act accordingly.

What you basically need to do is sell the Bitcoin that you have (in this example, it's 1 Bitcoin) when the price is pretty high, for example, when price had hit $31k earlier, once it is sold, you now have $31k in stable coins, and when price of Bitcoin falls like it is at around $25k now, it may go to $20k as well, you buy when that happens, and then wait for it to go up again, or you can do DCA until it reaches the bottom and then sell when it goes high again. Repeat the same thing for about 2 or 3 times and you will have 2 Bitcoins or maybe even more.

Of course we can make 1 bitcoin 2 bitcoins. This requires action, but it may not be as easy as it sounds. So everything is not about reading graphs and drawing 2-3 lines. For example, who knew about the lawsuits that the SEC would file. Sometimes things go unplanned. No matter how many correct transactions you open, sometimes things may not go well. The lawsuits filed by the SEC have nothing to do with bitcoin but are still somewhat affected. So we can make 1 bitcoin 2 bitcoins, but under the best conditions. Otherwise it is very difficult but not impossible.

this is why everyone is always recommending to invest your spare money on this market so you won't be agitated or panic whenever the market is not looking good. because panic is real if you use your money that you will use to pay for your bills and other necessities. you are always worried about the movement of the market. hence, creating emotional stress on this process.
but if you will only allocate your extra extra money, you won't be so disturb about the roller coaster ride in this market, because you can wait for the market to go green.

There is nothing to panic if the price of Bitcoin falls after you buy Bitcoin because that is the policy in the market. It is very normal for bitcoins to go up and down in value. Bitcoin would be known as a stablecoin if the price did not rise. Since there is volatility in the market, you need to understand the volatility and then buy the coins. You can buy Bitcoin at the time when you think or your observation that the price of Bitcoin will not go down any further. If you get excited after buying bitcoins to see that the price of bitcoins has gone down, you will not be able to hold on to your investment. Even if the value of Bitcoin goes down, you should take this as a matter of course.

Since you are a newbie Bitcoin investor, you must follow all these strategies. It is most important that you better follow strict rules in all these matters. Since you have acquired a good knowledge of the Bitcoin market, you are not at a disadvantage. But there are many people who are afraid to invest in Bitcoin. However, investing in Bitcoins should never be panicky rather it is best to invest with patience. And the volatility of the Bitcoin market and the investment following the various directions certainly have a higher risk of profit. And Bitcoin is a virtual currency where investment is unlikely to be hacked in the future. And this bitcoin has a near future that will give an investor the profit to change his life.

In long-term trades, patience is the most important thing, and I don't think it's always just a matter of whether or not you can keep the money for the long term. Sometimes the market drops so much that you can lose faith in the success of the transaction, and in this case, sell at a loss. Manipulators achieve this, if they provoke a panic during a fall, then panic selling will lower the price even lower and at that time they will buy.

If everyone had the same mindset, everything would have gone well. so more than half of the crypto users panic and when they hear any negative market news or see the market dump, they quickly start selling their crypto so the market gets worse. But they don't understand that the market will pump again and they can get more profit.  So, everyone should keep this in mind and not panic, but be patient

What happens after you cut loss, but the price doesn't continue to fall? Whether in a bull or bear season, bitcoin is never predictable, and we will never know what the market manipulators are thinking. Selling bitcoin while the price is falling is actually an extremely risky move, if you are not a good analyst, you should not try this.

If unfortunately, the market continues to fall when we buy, we should be patient and continue to DCA if we still have money in reserve. If not, hold on and do nothing, don't try to prove that we can read the minds of the sharks or the market makers.

Knowledge is the most important thing in crypto investing, especially when you are dealing with assets like Bitcoin. I hope you don't feel satisfied with the knowledge you have, you should learn more about bitcoin in this forum especially studying the different types of wallets available to store Bitcoins and keep trying to use a secure non-custodial wallet in order to be in complete control of your bitcoin assets.

You should also understand the importance of the hodl principle in Bitcoin investment. Holding your Bitcoins in the long term can provide better results, of course, this also trains yourself not to panic when holding bitcoins. Especially with fud like what's happening now with SEC vs Binance US, we're panic selling if we don't have enough knowledge. Therefore it is important to continue learning and continue to gather information about bitcoin.

That's sufficient reason to buy Bitcoin. Never ever compromise your other investments and your monthly bills payment. If you have the spare, buy. There's no need to force buying just because someone said that it will soon be pumped. What if it doesn't? Then regrets will keep on piling in until a panic happens, and you sell your Bitcoin without even thinking it through.

I like it more when I read stories of different people who also first bought the technology. You can also learn from them especially if they make a mistake before their investment plan. Keep it up. Just buy whenever you feel like it or if you can. It will always be your choice.

everyday we learn new things,the knowledge of Bitcoin is so vert, you may think you have known more,but it's just halve of someone else. That's why everyone have to study more about the technology. No knowledge is waste because you didn't make money from it, some knowledge are for self development and for awareness.

I bought my first Bitcoin in early 2021 when it was worth $58, with my savings and today it's far below it, have lost so much, I decided to hold it for future sake, I'll never sell it it I make profit. Have learnt my lesson to always use your spare money to invest in Bitcoin. Incase of anything it won't worry you much.

Buying some BTC is a good idea regardless the moment of buying. BTC is suitable for long-term hodling, I assume it won't bring millions in a couple of months, but there is a tendency for BTC to become more expensive with time. Moreover, there is a chance to save some value in case of dollar and other fiat inflation (which is really possible nowadays). However, its only a chance: a probability, not a guarantee (in case of fiat inflation, crypto can either be stable, or become nothing in a moment too)...

An investor who is new to Bitcoin should really know about Bitcoin first, otherwise he might face big losses because the price of Bitcoin is always above the fluctuation, so new investors often invest in Bitcoin and sell when the price drops.  makes And they face loss but if that new investor knew about Bitcoin he might not have sold his investment at a loss he might have held and if he had held he might have got out at some point with a profit so if no one sells Bitcoin with Loses Because Bitcoin Future so Bright Hold it

Great reality check. A lot of people in this industry come with the idea of quick profits which is great and true to some degree but at the same time it doesn't happen as often as these newbies think. There's definitely dry spells and periods of no movement, which we may be in right now since the price of bitcoin never moved from its 26-27k support. But at the same time this is great exercise to help people be accustomed to how things go in the bitcoin industry.

I joined bitcoin with the very same idea that was shattered when I lost significant amounts of my investment in 2018, from there I worked my way up and was able to even go beyond of what I initially thought would set me up for life. Bitcoin pays those who wait but the secret is to not expect that much.

Welcome and good to see you here.

You're right about panicking, it's not going to help a newbie if he panics while seeing the price of bitcoin goes down. And that's good that you've acknowledged that while you're new.

Because not every newbie can understand that quickly, all they think is to take the profits now and never go back to the market. They think it's an extra special market and with different process from the other usual markets that we know.

I must say, I admire your courage for purchasing BTC before you actually studied it. Normally. potential investors would first study and research the market before they commit to an investment. Though the price of BTC has went down and somehow stabilized, this should not discourage anyone from attempting to invest in this space due to its sheer potential in the future.

By basing it purely on its price history index, you would observe that the price of BTC increases over the years. Along with the upcoming 2024 fork, expect its prices to increase higher as the days passes by.

Well, your research might help you to make the biggest profit in your life.... much later. I bought bitcoins when the price was about $400.... and I saw it's potential from the start. I sold some of those bitcoins for $18 000 and then more when it reached $40 000.... so the word "hodl" was taken to heart.. and I made massive profits.

We know there are no garantee that it will happen again, but it is a good strategy to hoard or hodl ...if it happens. It is better to have coins when it happens, than having nothing and blaming yourself for selling.. when it was not the right time.  ;)

The only time when you should panic is when you don't either remember where you hid your private keys or you lost them.
Also, when you fail to adhere to special security tips like trusting the wrong person with details of your crypto currency, failing to use good wallets to secure your coins and even failure to get more knowledge about current Bitcoin market, trends, news and events, be sure to enter a state of constant panic.
While current news is speculating a bullish run for BTC currently, the price is yet to come down sufficiently and anyone HODLing right now, just like you should do just fine.
If you got more coins to invest in, please do. Don't mind the rate or rave going on in the news about BTC, the best is yet to happen.

You should need to know more about this forum because you mention back you're a newbie in this forum. For that, I think you should read more and more of the below threads.

Some important threads (https://bitcointalk.org/index.php?topic=5439595.msg61751558#msg61751558)

Newbies - Read before posting (https://bitcointalk.org/index.php?topic=1689727.0)
Unofficial list of (official) Bitcointalk.org rules, guidelines, FAQ (https://bitcointalk.org/index.php?topic=703657.0)
BTCtalk Activity times (https://docs.google.com/spreadsheets/d/1VaCyovUc_bUiNoKPNmNmWEkKIr9xmgOvIXsEQyauwG0/edit?usp=sharing)
FAQ: Everything you need to know about forum 'activity, account ranks and merit (https://bitcointalk.org/index.php?topic=2766177.0)
Merit & new rank requirements (https://bitcointalk.org/index.php?topic=2818350.0)

It depends what you mean by "actually study it": bitcoin's purpose is pretty easy and straight forwarding to understand, and you don't need to be a financial expert or have some sort of financial degree to realize that countries keep printing money out of nothing, so inflation will be worse and worse every year. If you get those two points you are ready to buy bitcoin. Then you can go deeper on all the other related topics, especially the more technical ones, but in my opinion you don't need to know everything about bitcoin in order to buy it.

You have a point that government printing of more fiat out of tiny air will lead to inflation but people understanding this doesn't mean they will find a safe haven in Bitcoin if they didn't study it to computer genius to understand the fundamental, benefit, its potential innovative new financial and high returns.
We can't say people like Peter Schiff don't about inflation and Bitcoin but he chooses to be against it.

That is why you do not cut loss and sell, that shouldn't happen and that would result with you losing money. The reality is that we are talking about a situation where you should be gambling as much as you possibly could, and if you keep doing that then you are going to be fine.

I personally believe that the best thing to do is DCA, it allows you to make as much profit as you possibly could and if you keep doing that then you should be feeling fine. I know that it is not going to be a simple thing, but if you could do that then you should be fine. I know that it is not going to be that hard to handle it all, but if you believe in yourself then you should be fine. I believe that DCA will make me rich, this is why I feel comfortable when I am buying more when the price is dropping.

Are you trying to emphasize that buying bitcoin is to fight inflation and it's a good store of value to help us fight inflation? What if a person doesn't know too much about bitcoin and buys bitcoin for $69k? Will it still be an inflation hedge since even bitcoin was hit hard when inflation peaked in 2022?

If we want to invest in bitcoin, we need to know everything about bitcoin, there is no way that investing in bitcoin will yield good results without knowing too much about it. Bitcoin is very risky because of its volatility, if you don't have complete knowledge about it, how can you deal with its volatility?

Keep the thinking simple rather than getting too scared of what you have to do. Every investor is a risk taker regardless of whether they can afford to lose or not. Investing isn't a way to keep your budget stable, it's a way to make your money work for you. They don't have to learn everything including the technicals, but investors just need to know how the market works and how they adjust their risk.

After all, it's hard to say that any big investors are willing to invest in assets they don't know about, if any then they are simply betting on luck. Beginners often do this, but they will figure it out after learning.

The bitcoin price always impact the inflation in the world economy.When the person had brought the bitcoin at the value of 69k the all time high value.Then he need to hold their bitcoin till the new ATH was reached in the bitcoin price.The price instability causes bitcoin as more demand assets.The trader should wait till the next expected pump of 2024.Old traders holding their money in the bitcoin for the next profitable period.Risking is essential one to achieve in the crypto currency.

Not only panic behavior but you have to control your emotions like FOMO buying, FUD and many more.

You said that after crisis period Bitcoin will increase again and I agree with you but it can't be a good investment if you need to hold it for the whole bear season. I mean you invested at the bull season and now holding it for the next bull season. Your confidence should depend on your investment accuracy and analysis. Anyway best wishes for your recent invest. I hope you have done a potential investment as we are possibly going in a bull season.

I grasp your viewpoint. Bitcoin as an inflation shield oversimplifies its complex essence. Like any asset, Bitcoin's tied to a tapestry of influencing factors, inflation being just one.

Buying Bitcoin at its peak- say $69k - could be a risky ride, given its price swings. It's a solid rebuttal to Bitcoin as an unshakeable inflation fortress.

A broad grasp of Bitcoin, not just its anti-inflation prowess, but the tech, trends, and pitfalls, empowers wise investment. A sprinkle of realism and a dash of caution is the recipe for Bitcoin success.

Never panic yourself when holding bitcoins. Every investment involves risk. The price of Bitcoin can go down at any time, and it can go up again at any time. You will never be alarmed by these price fluctuations. You will continue to hold your Bitcoins. Because remember, the value of Bitcoin is never fixed. If the value of Bitcoin falls now, then the value of Bitcoin will rise again. You have to believe in it. There are some people who easily panic when they see the price of Bitcoin falling. They think that its value will fall further and immediately close their holdings. You never do that. You believe in Bitcoin. Don't panic and keep holding. This will make you rich.

OP you ain't seen nothing yet, if your aim is to make profits soon you could be wrong, every bitcoin investors must be willing to hold for the long term because the market situation in coming months is unknown, if the unexpected happens are you going to give up your Bitcoin? How determined you are is what will lead you through the hardest and harshest of time while holding Bitcoin, believe when I said that the unexpected, if you are the panic type you shouldn't have invested at all.

I think he would known all this fuzz about bitcoin investment before going into it. Because if there is one thing I know about bitcoin investment is that it has to do with patience and strong will, bitcoin is a volatile asset and so has the ability to fluctuate and this fluctuations is what makes every low faith investor panic. Holding strong no matter the situation is actually the successful key to having and actually securing possible profit to your bitcoin portfolio and if you are too chicken to see the market dip then swap to a short tern trader and accumulate by every times the market favours you but just be sure not to have an heart attack doing that. ;D

That's hard to learn if you're new to this market, not to panic at times when the bad news has been deployed and everyone is getting crazy all over it. But that's nice that it's one of the first things you've learned because it will help you survive in this market for a long time if you're not a panicking person.

And for new investors, they need to learn first what they're up to upon buying Bitcoin. Not after they buy, that's the time that they'll assess if they can keep up with the risk that they've already taken. It's not useful to panic at most times but there can be some few times of our lives where panicking is good but it should be the other way for which you're panic buying when the drop comes.

You did the right way, learning first before investing in Bitcoin is a must. You must be panic if you have no knowledge about the market nature, how BTC price history, how the FUDs attack, and how the potential of BTC price growth. The crisis or economic issue is just a common matter in crypto, it may influence the price temporarily but won't have a serious impact for the long term. As long as you invest for a long term, you don't be afraid for the profits. In the next 1-2 years, we will have BTC halving and probably bullrun time. You must know this if you already learn about 4 years cycle of BTC price move. So, it is lucky that you learn first and you are not panic at the moment.

Sure i agree with you, experience will be the reason you can understand this bitcoin or crypto currency sphere, but i do not say that you do not need to learning textual knowledge of bitcoin. You can also get experience from some one else, for example you start trading bitcoin with guidance from your friend who is already mastered on trading bitcoin. Then you can take his experience how he will do if bitcoin price is drop, when he will cut lose and when he will keep holding.

Knowledge is undoubtedly necessary, but experience is what helps us to survive in this market because there is always a big gap between knowledge and experience.  many newbies to the market also work hard to learn everything, learn about the history of bitcoin as well as gain confidence in themselves through other people's stories about the market. but when they themselves are faced with a market downturn and their money is rapidly dwindling, their knowledge can hardly help them in that situation if they lack experience.

Hodling and at the same time trying to predict when to get profits is a bad investment and it always end up with no positive results. The best way to invest Bitcoin is to hodl without having any plan to predict when to get profit, having a specific time to make profit can cause one to sell at lose. Hodling Bitcoin requires discipline and understanding,  if one is not discipline it cannot be possible for hodling to take place and if one does not understand bitcoin their will be much of panic and doubt about the market.  People who still get panic while investing in Bitcoin shouldn't force themselves to invest because the market will always fall and rise.

Experience is also a big factor in controlling emotions, but when you have that knowledge and confidence, then for sure you won't be panicking because you are sure that it will bounce back. Also, it is not only about experience; it is also about emotions. When it is red days, you'll see that you start worrying even though you know that it is just temporary because you can't control your emotions, which we should also learn to control and not do dumb stuff while we have high emotions.

Well there are just those really enthusiastic individuals that tend to dive deeper. People that love to engineer software would probably dig in deeper in technical aspects of Bitcoin which is not yet in my level since it is way too advanced for me. :D

What I don't like are those gatekeepers that tell people that they should learn everything in Bitcoin, just to be able to call themselves "tRuE invEstoR". I could even make a meme around that if I have to. :D

what you do is of course the right thing, because before buying btc you do research and add insight in advance about investing in btc, and this is what you have to do when you want to invest in btc.
because if you want to invest in BTC, you have to do research and seek knowledge about investing in BTC first, so you don't have the potential to get huge losses.

I think you did the right thing, so congrats on your first bitcoin purchase.

I never panic in any way while holding Bitcoin because I am a firm believer in Bitcoin. I believe in Bitcoin, and believe that it will benefit me one day. If I ever panic while holding bitcoins my holdings can be disrupted. And all my money could be lost. So I keep holding bitcoins with my mind set. And I put my full faith in Bitcoin. In this I will one day achieve great success.

Actually, that method is really correct, if you know that we are in a bear market and you know what to do, there is no reason to worry, it is good manners to stay calm. Because if you send in anxiety it will push you to sell the asset you are holding at a loss. Which should not be the plan.

However, if you don't affect the negative impact of the market, even if the value of the coins you hold increases a lot, as long as you don't sell them, you can't say it's a loss or a waste of your investment. Because of course there is still the chance that you know its value will increase in the future, as long as you are firm in holding onto it.

When it comes to Bitcoin, knowledge is what you need first as a beginner, before you go into Bitcoin you have to learn how the system works and understand it very well. The problem with us newbies is that we are in a haste to make a profit without knowing the do and don't in this asset.

With my little understanding I see Bitcoin as a long-term investment, and for you to be successful in bitcoin you have to hold and forget, despite that the price has not been very friendly in terms of profit, the fair of the unknown may arise at this point but holding is the best option in other to achieve the long-term purpose.

That is the right and wise opinion from you. That's right, BTC investment is a classy investment because need to be patience and long-term hold. I have also heard many of my seniors who are experts in BTC trading say the same thing. Exactly as you have said too. It's just that tips and tricks don't get everything in terms of trading (easy way to trade BTC without pressure) :D.

A stalwart of the financial world has become a bitcoin holder with resilience amid market volatility and uncertainty. The best course of action is to be patient and hold Bitcoin as a digital currency, resisting the temptation to panic as the market fluctuates. Currently the best opportunity to buy bitcoins. Through the ups and downs, keep faith in the future good of cryptocurrencies and wait for the potential of the Bitcoin revolution.

You achieve great knowledge in short period of time but one cannot says that he get the complete knowledge because learning never ends, you will identify new things as you go through your journey of success.

You should hold bitcoin and if you think that during halving you have maximum profit then I will suggest to sell your bitcoin that time because there is no guarantee that how long Bull season will persists so take the profit at perfect timing.

It also sounds good that you don't panic when the price drops so this feature will make you successful person if you follow all these steps because some people forget when they comes to reality.

knowledge is so important, we need to keep learn in our whole life. I am glad that you invest in correct time, halving time is near. better we buy bitcoin as much as we can now before many more people also do the same thing. I think there are only few months left until bullish market happen. for normal citizens who only have fixed salary every month, time is so important because we don't have a lot spare money unlike big investors who can influence bitcoin price once they get involved in it.

This is very easy to say but when the time comes, it could be very different. It's not easy to control your emotions well enough when the price of Bitcoin just keeps going down. Your investment would be depreciating right in front of you and there's nothing you'll be able to do about it. It takes a lot for you to be calm amid all that chaos. In times like this, you have to remember that the price will still rise.

The price will rise doesn't mean it would be in the near future like you said. It could take longer than expected before Bitcoin goes back to the original price it was before that particular deep. So it will do you more harm to have a particular time in mind because you might be disappointed.

Investing before the halving date is a good decision because it prepares you for the profits that you'll make in the future, after investing in Bitcoin you have to be willing to hold until you make profits because the market is very unpredicted but that doesn't mean it isn't profitable.

For investors that have monthly salary, the best way to invest is to buy Bitcoin in small quantity at month-end when you get paid your salary. Don't invest all your money as that'll make you anxious of your investment but when you invest by DCA you won't be scared of the market dipping.

When you buy through DCA you won't panic while holding, holding will become a little bit easier also because you'll be anticipating buying more Bitcoin at month end with some part of your salary that you'll be paid instead of been scared, you'll be happy the market is dumping.

There are few people who first of all learn about their investments and different risks linked to it and how they can tackle it so you are having good approach towards it that will help you to avoid panic selling in the future.Most new investors blindly invest seeing price pumps ignoring volatility factor so when price goes down they start selling immediately without having nerve to hold because they don't understand about its working.So this is good approach before investment learn about it.

The main thing is to want to learn before doing any form of investment, including crypto. Because all investments are certain to be full of risks, it is very important to prepare in advance with the correct knowledge.
because with the knowledge we have, we will avoid what you say is "blindly investing when a correction occurs" so that the actions taken end up being irrational to sell it immediately, feeling it is an action to reduce losses, even though it is not necessarily the right answer, but there are other solutions that may be better.
Avoiding panic situations and not taking hasty actions but being willing to hold on until the bull market comes is actually the best.Once again, it is unavoidable that wanting to keep learning is the main solution that needs to be done for beginners. With that, the feeling of panic and hasty actions can be avoided.

If you succeed to Bought and now keeping your coins confidently , then Congratulations in advance because the day is coming very soon  for you to earn and will surely trust bitcoin more in the future.
and also thanks for the advises because this will bring you better knowledge and also will help your co Newbies to subject and enter bitcoin investing .
please continue to present this kind and will be looking in your updates.

Good stuff op. So many crypto investors don't properly do their research and end up blaming BTC and other cryptocurrencies for their losses when the truth is that they are the ones who are actually at fault.

HODLING BTC in the long-term is always extremely difficult for most investors which is why you should be prepared to invest only what you are willing to lose.

         Maybe such people should first study carefully and in more detail what is associated with investment risks? And only then start this process. There is an assumption that the factor of greed here plays a very important role. There is a desire to quickly earn easy money. There is nothing surprising. Personally, I stopped paying attention to how people strive for instant enrichment, forgetting about such important aspects as risks.

All that remains in this case is to hope that the price will rise again. Bitcoin is now at a good level, but we cannot be sure that the bear market is already over, corrections are possible, but holders have gone through such stages many times, the most important thing at such moments is not to rush to sell, exclude sales at a loss and wait for the bull market. The hold is not a quick process, only those who are patient will be able to profit.

some do their research but their capacity to understand and deal with it is not enough for them to successfully make money here

while some blame the BTC others blame their mentors as they try to believe completely when they dont have to.
difficult if you don't trust the market and bitcoin , because if you are a true HODLER then you knew that time will come to gather your profit from your holding .
never assume betterment this time as we are coming to the halving year in which the determining year meaning that 2023 will be at some point may bring worst market than the previews 2.

The bear market has yet been over but fortunately we are in very last months of the bear market. There possibluly is some crashes to test bottom and kill weak hands but I assume the bottom was touched and no lower bottom than $16,000.

Corrections, bear market always give us chances to take but mostly we reject those opportunities because when we are in the market in such periods, we react similarly to the crowd, be fearful and panic. Instead of having strong hands to hold tightly or accumulate more bitcoins with discount price, we either panic sell or be fearful and don't accumulate.

That’s a great attitude and mindset that you already acknowledged the risks and unpredictable volatility of it before getting into Bitcoin.

I assume that it’s just your extra money to buy BTC. However, if you can afford to put some extra you may also do DCA (dollar-cost averaging) on Bitcoin. It’s a long term strategy that most of the BTC bulls are doing these days in preparation for next year’s Bitcoin halving.

This is very well understood,  because the is no specific time that the profits will come,  but since soon is a term that is graciously used by crypto projects dues to timing volatility and uncertainty pf the reality in Bitcoin price, the necessity have prompt us to use soon as a term that means uncertain inaccurate of the timing that that will happen.  Pardon me on that statement

Welcome to the board OP @why2why you have done so well by already learning about bitcoin before investing, you didn't made the mistake other investors do, some of them just rush into bitcoin because they heard that Bitcoin pays, this shows that you are ready to learn more about Bitcoin, as you have already invesed few weeks back I hope you have made up your minds planning to "Hold On for Dear Life,” (HODL) this is one of the easiest way to accumulate more coins as we are already waiting for the bullish period.

You bought a Bitcoin or just a satoshi?, if that's so you bought a bitcoin I guess its ideal if you invest too with the security you can buy bitcoin i guess its a good layer of security too that you can buy a hardware wallet so you can store those bitcoins in a safe wallet and not just in the exchange, also another thing is secure your device too its useless if your prone and your seed is just in your desktop so they can use your wallet easily and stole your assets. By the way welcome to the community. Try to make an investment plan with your bitcoin we know the bull run is coming whats your next plan sell for the next pump or keep holding and sell for the another ATH.

As long as we understand how this crypto investment works, there is nothing to worried about, and even though it takes several years of waiting, certainly we can still do it very well. And this is the reason why many investors can afford to control their emotions and are willing to hold because they believe that they won't get disappointed and even rewarded more.

If our goal is to earn a profit, then, what we gonna do to keep strong and focus on our goal, not on the negative things happens around because will affect our mindset and brought us to the wrong direction.

You have correctly done all the things that a new investor should do before starting to invest. First you studied about bitcoin after studying you gained knowledge about risk tolerance in bitcoin investment then you invested in bitcoin, thank you very much for all this because you have shared here the things you have done which will be very useful for newbies. A common mistake that new investors make is to invest in Bitcoin or other platforms without having any knowledge of Bitcoin or investing, so that they panic when the market fluctuates and sell their coins without patience. We must take risk because if we only accept monetary gain then who will take our monetary risk.