4 Things I Learned as A Bitcoin Holder

[Cindy23]

Have you ever thought of why some people succeed in investing bitcoin while others lose? a chinese bitcoin holder shared his story about 4 things he learned from his successful investment in bitcoin.
Actually, he started with Litecoin, but lost everything. He began investing in bitcoin in 2015 and won a return of 330% in 20 months.
Read more about the story.
http://news.8btc.com/4-things-i-learned-as-a-bitcoin-holder

[chixka000]

Great story. Tho his method is very common and he is right that is the problem of the investors like me who aims for a short term investment. As time pasd by i also realizes the point of storing small amount of bitcoin and wait till it booms

[jossiel]

A great article though and what a very inspiring story from wansfang. Chinese surely is good when it comes to money matter.

And I guess I'm on the right track upon reading the first thing that he did that sticking on the long term investment.

That's why I'll keep my bitcoin for the long term investment.

[HarringtonStark]

"Slowly but surely"

That's a motivational story. I have few hundred $ worth of bitcoins here and I see bitcoin doublers in the internet everywhere. Fortunately, I'm very careful and I didn't try them as they turned out to be scam. So I invested on a trusted bitcoin loan site and I gain interests overtime.

Oh I just ignore bitcoin in 2013 when I first heard about it from a friend. I regret not investing that I will be holding a 6 figure $ worth of bitcoins by now since the price rise.

[mindrust]

TLDR; You shouldn't buy overpriced stuff. They make you lose money. You need to buy when everybody is running away, that's how you make money. Let btc become 300-400$, let everyone say "btc is ded";

you buy all the cheap coins and become rich from their stupidity.

[danherbias07]

Love the last part and this should be drilled to the brains of those who think they knew everything.
For those who are just new. Don't get fooled by the rank of one member and think he is the genius of bitcoin. They ain't one. They are just faster when it comes to news and got a lot more knowledge but when it comes to its price. This is the truth:

Whoever say they can predict the accurate price of bitcoin is talking nonsense. How can you predict the future price of bitcoin when you cannot even know what will happen tomorrow?

Have you ever thought of Mt. Gox would go offline?

No matter what you do: investing in bitcoin, stocks, gold, or taking an exam or being in a relationship, do not take it as gambling, or a game of luck. Do not believe in stories about getting rich overnight. You have no idea what these people have gone through to be successful.

[LEEMEEGO]

Such a great story indeed. Well anyway, for me, based on experience, i learned so much as a bitcoin holder. but the most important thing is that i learned that bitcoin is not for weak hands that in just a small dip, you will just sell your coins, afraid that you might not get profit or you might lose much. Thus, not knowing that just because you sell it right away, you actually lose much instead of gaining since bitcoin is for long term. Its just a small dip so we should take advantage for that dip and buy more not sell it.

[piebeyb]

this story can be appointed as an experience and a lesson to all other traders, certainly in this case that invest from now is better even though we do not know the problem bitcoin what will happen and grow the following year in bitcoin, but I believe it will be great in future I also prefer to invest long term

[BitcoinHodler]

i only wish the article included dollar values of the numbers that are everywhere in the article because it is a bit hard to know what it is talking about when it is talking in terms of ¥ instead of $

my strategy is mostly similar but my own. i only buy and hodl bitcoin as a "bitcoin hodler" and each time there is some big drama such as the one with ETF i get as much money as i can and put up some orders to buy low priced bitcoins and make a huge short term profit. (made 38.5% from ETF drama)

[dihari]

Have you ever thought of why some people succeed in investing bitcoin while others lose? a chinese bitcoin holder shared his story about 4 things he learned from his successful investment in bitcoin.
Actually, he started with Litecoin, but lost everything. He began investing in bitcoin in 2015 and won a return of 330% in 20 months.
Read more about the story.
http://news.8btc.com/4-things-i-learned-as-a-bitcoin-holder

I see the tips on it, buy bitcoin regularly-consistently even it just small money, if you believe on it, the price will always rise. And you will get the profit after long wait. But you have to learn about it, like he said, "do not buy bitcoin when you don’t even know what bitcoin is".

And this, the final interesting paragraph
"No matter what you do: investing in bitcoin, stocks, gold, or taking an exam or being in a relationship, do not take it as gambling, or a game of luck. Do not believe in stories about getting rich overnight. You have no idea what these people have gone through to be successful".

[TastyChillySauce00]

TLDR; You shouldn't buy overpriced stuff. They make you lose money. You need to buy when everybody is running away, that's how you make money. Let btc become 300-400$, let everyone say "btc is ded";

you buy all the cheap coins and become rich from their stupidity.

But that's probably, just probably will never happen again due to the latest halving and the price is now pumped too far above the price that you mentioned. I know that it's not entirely impossible but it seems hard to happen. I know that this thing ever happened back then when the price of bitcoin reached its peak and suddenly fall, but, when at that time, the block rewards still not being cut off half.

[nara1892]

Unbelievable. Simply but most people do not take this way. I myself even doubt in the first place that the price would be this way. But I het my lesson now from the article. The point is we just need to keep patient. What a great story!

[anonbit992]

Timing is everything guys. You need to buy when others dumping their positions and when the price has crashed and nobody wants to touch it. You will also need to hold on for longer period of time. I heard stories of people booking profits when bitcoin hit $100 and now they regret selling. Never exit completely from cryptos as the market is quite young and money has just started pouring in.

[Xester]

Have you ever thought of why some people succeed in investing bitcoin while others lose? a chinese bitcoin holder shared his story about 4 things he learned from his successful investment in bitcoin.
Actually, he started with Litecoin, but lost everything. He began investing in bitcoin in 2015 and won a return of 330% in 20 months.
Read more about the story.
http://news.8btc.com/4-things-i-learned-as-a-bitcoin-holder

It is a matter of luck, patience and strategy. For some people when bitcoin was still low they do not mind to buy but when they see that there is a sudden increase in value they panic and start buyin but actually that was just a bubble and then bitcoin started to decrease in value and they panic again and they sell their bitcoin at a very lower price. But if they are just patient they will just wait for the price to go up again before they will sell their bitcoins.

[lienfaye]

His story is really inspiring, in this life we face many challenges and failures but the key is how to deal with it accept and move on.

As a bitcoin holder i learned how to be patient and believe that i will achieve my goal when i didnt stop striving to make it possible.

I take btc as a long term investment and when the price is dropping i take it as an opportunity to buy again. it is risky but if you have guts you will overcome those doubts.

[DoublerHunter]

Have you ever thought of why some people succeed in investing bitcoin while others lose? a chinese bitcoin holder shared his story about 4 things he learned from his successful investment in bitcoin.
Actually, he started with Litecoin, but lost everything. He began investing in bitcoin in 2015 and won a return of 330% in 20 months.
Read more about the story.
http://news.8btc.com/4-things-i-learned-as-a-bitcoin-holder

That article is very helpful for newbies who are getting started in investing on bitcoin because most of them are greedy and they want a fast profit scheme kind of investment but they need to always remember at least the 2 of those 4 lessons. And it is "Only invest in what you are familiar with." this kind of lesson is the a must to remember because if you do just random investing then you will probably lose your money. And the another one is "Stick to a long-term investing strategy." where you will maximize your possible earnings by just holding or saving for long term.

[bitbunnny]

Good story for sharing the experience and it's great guideline and help for Bitcoin beginers but actualy the most valuable experience is your own and that is the best way how you will learn things, feel your own ups and downs and get the best out of it. So hear and learn from others but don't be afraid to try on your own.

[xuan87]

Great article, it a great way to earn profit from crypto currencies, investing bitcoin in for a long term is a great strategy and it will be an easy way to earn profit, and I like when you mention "Only invest in what you are familiar with.", this is the thing that all of the investor need to learned if they want to invest their wealth into crypto currencies, doing research and really find what is the potential of the coin, that is the most important thing you need to do before investing

[JanpriX]

Have you ever thought of why some people succeed in investing bitcoin while others lose? a chinese bitcoin holder shared his story about 4 things he learned from his successful investment in bitcoin.
Actually, he started with Litecoin, but lost everything. He began investing in bitcoin in 2015 and won a return of 330% in 20 months.
Read more about the story.
http://news.8btc.com/4-things-i-learned-as-a-bitcoin-holder

Good read for a Friday afternoon. Thanks OP for sharing this story to us. I must say that his realizations are very common to investors alike but almost everyone are ignoring these facts. Most people who got into investing to BTC (or any form of assets) is always seeking to get all the money in the market and wanted to become rich very quick. We must instill in our minds that though some of us became rich in an instant, we, the general mass must look into our investments in a long-term approach. We must establish our BTC investment and take necessary decisions when it matters. Don't be greedy and always take the long-term approach.

[hajimasan]

Have you ever thought of why some people succeed in investing bitcoin while others lose? a chinese bitcoin holder shared his story about 4 things he learned from his successful investment in bitcoin.
Actually, he started with Litecoin, but lost everything. He began investing in bitcoin in 2015 and won a return of 330% in 20 months.
Read more about the story.
http://news.8btc.com/4-things-i-learned-as-a-bitcoin-holder

Actually all this only depends upon the luck and our descion that where we are going to invest , So here I don't think that any story of a successful investor will work for us .
Here all we know that investment in the bitcoin and ND altcoins gives profit when the price increases , so it is more better to make experience about the decisions and also need better study that is only possible to share our thoughts with each other .