Major guidelines that can ensure a successful bitcoin investment

[CryptopreneurBrainboss]

- Ready to hold for long term (patience) : you must  have that self patience in you despite any thing, you must have that mindset that bitcoin need more time before you can start benefiting from it,and it is not a get rich scheme that you will put in your money and get a huge outcome in a twinkle of an eyes. You must be ready to wait for longer term if you want to hit it big.

This is what's more important as a Bitcoin investor, you'll have to be willing to hodl for as long as you can to make profit and not belike most people in the market that are only here to make the quickest profits then disappear. Those seeking for quick profits aren't the real winners in the market. It's the long period investors that get the best part of the pie because they hodl for years and end up getting the most from their investment. I choose to talk about this because you'll be full of regrets when you don't have more patience and end up selling your Bitcoin. Instead of doing this have some altcoins that you can dispose of when you're in need of cash.

[laijsica]

- Ready to hold for long term (patience) : you must  have that self patience in you despite any thing, you must have that mindset that bitcoin need more time before you can start benefiting from it,and it is not a get rich scheme that you will put in your money and get a huge outcome in a twinkle of an eyes. You must be ready to wait for longer term if you want to hit it big.

This is what's more important as a Bitcoin investor, you'll have to be willing to hodl for as long as you can to make profit and not belike most people in the market that are only here to make the quickest profits then disappear. Those seeking for quick profits aren't the real winners in the market. It's the long period investors that get the best part of the pie because they hodl for years and end up getting the most from their investment. I choose to talk about this because you'll be full of regrets when you don't have more patience and end up selling your Bitcoin. Instead of doing this have some altcoins that you can dispose of when you're in need of cash.

I agree with you. Regarding the advice you gave about holding altcoins. Sometimes we may need money to meet our urgent needs, so we can meet that need without having to withdraw our long-term Bitcoin holdings. The disappearing short-term traders are basically seasonal traders who put their capital at risk and are also irresponsible. They randomly use their valuable assets in short-term ways and with the hope of getting small profits.

My recommendation is to keep an emergency fund in the long-term Bitcoin accumulation cycle rather than not holding risky altcoins because most of them tend to drop in value unexpectedly but if you keep floating cash with you, there is no risk of losing money and at the same time it can make you win in the long term investment.

[icebar]

When investing in Bitcoin, an investor must be patient. Without patience, there is a high chance of loss in investing in Bitcoin. In the beginning, an investor should think about how he wants to invest. If he wants to invest in Lump sum, he can do that, and if he thinks he will gradually accumulate Bitcoin by doing DCA, he can do that too. In this case, it is important to consider whether the investor has a prudent income or not. If the investor has a prudent income, then he can invest that income. When investing in Bitcoin, the investor must plan for the long term, not a short-term investment. The possibility of short-term losses is high, but if you can hold it in the long term, there is no guarantee of profit, but the possibility will increase.

[Mate2237]

You're right patience is one thing that people should take not of when going into Bitcoin because Bitcoin is one investment that takes time so anyone who is not ready enough to exercise patience will not have the best in trying to engage in Bitcoin patience is key and should not be ignored because Bitcoin is better invested when you have a long term investment view.


Emergency funds is one thing that people should take note of because it will be helpful when investing in Bitcoin using all your money in investing and staying hungry is not a too good thing to do as there may be things that may rise up in the time when you are holding your Bitcoin investment the best thing to do is to always give a percentage of your money for the purpose of investment

[Tetu100]

When investing in Bitcoin, an investor must be patient. Without patience, there is a high chance of loss in investing in Bitcoin. In the beginning, an investor should think about how he wants to invest. If he wants to invest in Lump sum, he can do that, and if he thinks he will gradually accumulate Bitcoin by doing DCA, he can do that too. In this case, it is important to consider whether the investor has a prudent income or not. If the investor has a prudent income, then he can invest that income. When investing in Bitcoin, the investor must plan for the long term, not a short-term investment. The possibility of short-term losses is high, but if you can hold it in the long term, there is no guarantee of profit, but the possibility will increase.

The underlined word in every investment is patients, a simple saying "the patients dog eat the fastest bone", is a word with strong meaning.  Without patients you can't hit big, if you aren't able to hold firm and strong then you are not the real Bitcoin investor but just a regular trader that just wants a daily profit to keep body and soul going.

[Jubilee58]

Over the years many folks have been diving into bitcoin investment without even bothering of knowing the basics necessity involved in it to be successful,
However, this has given me so much concern so I decided to create this thread for an open discussion about the basic things that needed to be considered before entering into any investment :

- Decision : you most make a bold decision before investing, ie you must be  determined, being determined simply means you are ready not minding any challenges or obstacles that comes with that investment you are 100 percent ready to face it.

- Research (making your own findings) : There is no way you can be successful in bitcoin investment without knowing the basic root or more about what you want to put in your money, you must go extra lengths to make more enquiries about that investment you about to emback on so as to attain success at it end.

- you must set a clear purpose (goal): Setting a clear goal in any investment is very vital step to take because it gives you a clear picture of what you want your investment to look like, however making an investor to be more focused and easier to achieve success in bitcoin  investment.

- Ready to hold for long term (patience) : you must  have that self patience in you despite any thing, you must have that mindset that bitcoin need more time before you can start benefiting from it,and it is not a get rich scheme that you will put in your money and get a huge outcome in a twinkle of an eyes. You must be ready to wait for longer term if you want to hit it big.

- Self discipline: you must posses self discipline if you want a successful bitcoin investment, many luxury life styles must be abolish to enables you hold for long term.

- emergency funds: emergency funds is very essential for your investment in Bitcoin to survive till it mature, because without it, anytime their is real life emergencies, you may temper with your holdings, which is not good for you investment, so emergency funds is a must.

You Just made some useful points, and at the same time one don't need to dive into bitcoin investment without knowing how the biz works and setting up a clear goal and objectives. There are people who dived into bitcoin investment and couldn't achieve their aim, this is because they failed to understand those basic things that can make a bitcoin investor successful.To become a successful bitcoin investor, make sure you are well guided, be focused , be determined and set your long time goal and objective, make sure you are not distracted and definitely you are going to make it.

[Derekfunds]

When investing in Bitcoin, an investor must be patient. Without patience, there is a high chance of loss in investing in Bitcoin. In the beginning, an investor should think about how he wants to invest. If he wants to invest in Lump sum, he can do that, and if he thinks he will gradually accumulate Bitcoin by doing DCA, he can do that too. In this case, it is important to consider whether the investor has a prudent income or not. If the investor has a prudent income, then he can invest that income. When investing in Bitcoin, the investor must plan for the long term, not a short-term investment. The possibility of short-term losses is high, but if you can hold it in the long term, there is no guarantee of profit, but the possibility will increase.

The underlined word in every investment is patients, a simple saying "the patients dog eat the fastest bone", is a word with strong meaning.  Without patients you can't hit big, if you aren't able to hold firm and strong then you are not the real Bitcoin investor but just a regular trader that just wants a daily profit to keep body and soul going.

Holding for a long term has always been the goal and best approach but it is not how long you hold that only matters rather it so also how committed you are in buying and the amount you accumulating with will determine how successful you will be in the long term. Someone who is accumulating with $10 every month and someone who will also accumulating with $20 every week and if they both hold Bitcoin for 5 years or more, both of them will be successful if Bitcoin surges which off course it will but there will be a different in profit because of the rate and amount used in accumulation.

[SPIDERMAN008]

You have highlighted many important points. Everyone needs to know all these things when it comes to investing in science and should manage their investments accordingly. It is very important to have patience to watch for a long time investing. There are many people who start investing in the proper way, but when the price of Bitcoin starts to decrease a little, they lose patience and start selling their invested Bitcoins. This is never a good sign. Patience always brings good results. It is normal for the price of Bitcoin to fluctuate, but after a long time, it reaches a good position. We can understand this from various statistics of the past.

[9ja Amaka]

This is what's more important as a Bitcoin investor, you'll have to be willing to hodl for as long as you can to make profit and not belike most people in the market that are only here to make the quickest profits then disappear. Those seeking for quick profits aren't the real winners in the market. It's the long period investors that get the best part of the pie because they hodl for years and end up getting the most from their investment. I choose to talk about this because you'll be full of regrets when you don't have more patience and end up selling your Bitcoin. Instead of doing this have some altcoins that you can dispose of when you're in need of cash.

Most at times, those people with the intention of making quick profit and disappear do not end up making any profit at all. Quick later turns out to be no profit at all. For example, an investor decides to wait for the price to drop so he can buy and when it does, he buys the bitcoin. His expectation is that the price will star going back up the moment he buys and he can take some quick profits. But it doesn't work that way all the time. Sometimes, the price keeps going down and down, until he is left with no option to pull out the remaining coin or leave it for whenever the price gets back up.

[ruykeri]

Reading your post gives an idea of how to invest in Bitcoin in a basic way. We should not delay in making a decision because the longer we delay, the more opportunities we will miss and of course, our research is an important thing before investing in Bitcoin. Once we acquire the basic knowledge, we will be in a position to invest in Bitcoin and the thing that I think is most important for you is to be patient because Bitcoin definitely goes to a good position after a long time. However, the price fluctuates a lot, so we have to test our patience at such times when the market is a little down. It is very important to create an emergency fund for long-term investment because at different times as we move forward in life and support our families, we face various financial problems. If we have an emergency fund, we will be able to solve our financial problems without selling Bitcoin and will be able to continue investing for a longer period in the future.

[Silikiem]

When investing in Bitcoin, an investor must be patient. Without patience, there is a high chance of loss in investing in Bitcoin. In the beginning, an investor should think about how he wants to invest. If he wants to invest in Lump sum, he can do that, and if he thinks he will gradually accumulate Bitcoin by doing DCA, he can do that too. In this case, it is important to consider whether the investor has a prudent income or not. If the investor has a prudent income, then he can invest that income. When investing in Bitcoin, the investor must plan for the long term, not a short-term investment. The possibility of short-term losses is high, but if you can hold it in the long term, there is no guarantee of profit, but the possibility will increase.

The underlined word in every investment is patients, a simple saying "the patients dog eat the fastest bone", is a word with strong meaning.  Without patients you can't hit big, if you aren't able to hold firm and strong then you are not the real Bitcoin investor but just a regular trader that just wants a daily profit to keep body and soul going.

Holding for a long term has always been the goal and best approach but it is not how long you hold that only matters rather it so also how committed you are in buying and the amount you accumulating with will determine how successful you will be in the long term. Someone who is accumulating with $10 every month and someone who will also accumulating with $20 every week and if they both hold Bitcoin for 5 years or more, both of them will be successful if Bitcoin surges which off course it will but there will be a different in profit because of the rate and amount used in accumulation.

I think patience in holding without panicking to sell for a quick profit or when In an emergency need of money is key to achieving some level of success in bitcoin investment. Now, there’s one thing which will enable an individual to have this level of  patience to hold and not to sell especially when in need of a serious financial emergency and that one thing is the Emergency funds. The emergency funds is a vital aspect of bitcoin investment that will help you to be able to hold your assets without selling when it’s not due time or when you’re still in an accumulation stage. That’s why it’s advisable to also build up an emergency funds along side as you’re accumulating bitcoin so that you don’t have to tend to your bitcoin holdings when in an emergency situation that requires money to solve.

[Zackz5000]

This is what's more important as a Bitcoin investor, you'll have to be willing to hodl for as long as you can to make profit and not belike most people in the market that are only here to make the quickest profits then disappear. Those seeking for quick profits aren't the real winners in the market. It's the long period investors that get the best part of the pie because they hodl for years and end up getting the most from their investment. I choose to talk about this because you'll be full of regrets when you don't have more patience and end up selling your Bitcoin. Instead of doing this have some altcoins that you can dispose of when you're in need of cash.

Most at times, those people with the intention of making quick profit and disappear do not end up making any profit at all. Quick later turns out to be no profit at all. For example, an investor decides to wait for the price to drop so he can buy and when it does, he buys the bitcoin. His expectation is that the price will star going back up the moment he buys and he can take some quick profits. But it doesn't work that way all the time. Sometimes, the price keeps going down and down, until he is left with no option to pull out the remaining coin or leave it for whenever the price gets back up.

It is mostly traders that wait for the price of Bitcoin to dip before they can accumulate and sell, investors who are just accumulating Bitcoin newly should not wait for the price to drop before they can buy that strategy of waiting for the dip is wrong, there are good percentage of making profit when you accumulate Bitcoin and hodl for long you can accumulate with the DCA strategy without always waiting for the dip because you will be accumulating at any market condition regularly either weekly or monthly.