Buy the DIP, and HODL!

[Justbillywitt]

Of course sir, in the first few years I continued to learn about bitcoin and continued to deepen my knowledge and many other things. What I mean by a few years does not mean that in 1 or 2 years we will be able to gain results from our investment, in my view investment requires analysis and patience, Not only in Bitcoin but other investments such as shares and others.

There are many types of investment, but when talking about cryptocurrency investment, of course the best one here is investing in Bitcoin because it has been proven over the years.

At least you should have given him more valid reasons that made cryptocurrency investment more preferable for investors that other investment opportunities. Not only cryptocurrency investment has been proving over the years. Real estate, Gold and the stock market has well done well for investors over the years.

However,  i believe one general reason why investor prefer cryptocurrency to other form if investment is because of its decentralization. They feel safer putting their money where no third party has control over their assets. Since no government authorities and private companies can control the price of their asset.

And you mentioned that Bitcoin is more of an investor choice, which i totally agree with you. Alternative currencies are not to be trusted since they can end ay anytime by rule changes, founders or developers. Big investors would tell you that they can't invest in cryptocurrency that has a leader foundation becomes whenever they decided to quit the project they will. Bitcoin is Soley relying on itself. Also, many investors look for where they can store value this is why Bitcoin is the first choice.

Not all crypto currencies are worth investing on and not all of them are doing better than other forms of investment. I keep telling people that if you must invest in digital asset it must be Bitcoin. Anything other than Bitcoin you are on your own as your investment is not guaranteed. For me it is either Bitcoin or nothing else.

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[Gallar]

Some people are very funny they have plans to invest in bitcoin but they prefer to speculate and see if they can get to a price of their choice before buying, forgetting that the longer you wait, the less bitcoin you will have in your portfolio. Watching the market is only to discourage you from getting started because you wil think that it is not yet the right time.

It is better to get yourself occupied with accumulating and growing your bitcoin portfolio with DCA method regularly and also think of other method that will help based on your cash inflow, rather than speculating on other investors profit and loss. The market is open to welcome new investors at all time so don't be a waiter but an investor.

When someone only has plans to be able to invest in Bitcoin of course they have to start doing it, don't just plan and never start, if we wait until the price is low in our opinion before buying it of course we will never be able to buy it and it will be very detrimental if we couldn't collect any of it.
What you say is very right, it would be better for us to continue to develop our Bitcoin portfolio using the DCA method and also we will continue to buy it with the amount we can afford, anyone can invest in Bitcoin using this method and we must focus on ourselves and never care other people's losses.

Actually, there is no harm in doing analysis before buying bitcoin. However, if the analysis takes too long to make you hesitate when making a purchase, I think the action is a bit excessive. Because for example the analysis is good and thorough, but in the end you hesitate when making a purchase (procrastinate), most likely the end result will not be good. So the solution is just to analyze Bitcoin well, then after that make a purchase with the money that has been prepared (cold money) and don't think too much which makes your mind anxious.

Besides, I think having a habit like that is also a bit bad. Because I am of the view that if bitcoin investors have a habit of delaying purchases, there are several factors surrounding these investors.

• It could be because the person is too greedy in seeking profit
• Using hot money
• Short term investors
• or also beginners who are just starting to invest.

But basically I also don't blame people like that. Because after all it is their money, their decisions and every decision that comes out is their right. But this is a lesson for me as well as for anyone who doesn't understand this yet. In fact, delaying purchases when investing in bitcoin is not a good thing.

And DCA is indeed a good solution to this problem. Because if I buy bitcoin with the DCA strategy, what I experience is that I enjoy the investment process more. Because I don't need to be confused about when to buy bitcoin (because it has been determined from the start) and I'm not afraid of missing out on cheap prices (because the goal is not for a short time). So if you invest in Bitcoin with a DCA strategy, everything becomes more focused and directed very neatly.

[JunaidAzizi]

Not all cryptocurrencies are worth investing in and not all of them are doing better than other forms of investment. I keep telling people that if you must invest in a digital asset it must be Bitcoin. Anything other than Bitcoin you are on your own as your investment is not guaranteed. For me, it is either Bitcoin or nothing else.

Talking about the investment every person has their plan and wants to execute it. For some Bitcoin is everything and for some other cryptocurrency is good. We know for investment we chose Bitcoin because it provides us with a good return but this wait is needed because Bitcoin does not go up and down rapidly. But some people want quick profits and they are searching for a coin that moves quickly and through that, they take their profits, but yeah they did not ignore Bitcoin and have a huge amount of investment in it.
So I just clear that for some Bitcoin is all about and for some others altcoins matter.

[Patrol69]

We know for investment we chose Bitcoin because it provides us with a good return but this wait is needed because Bitcoin does not go up and down rapidly.

We don't invest in Bitcoin just thinking that it will give good returns but we have some other purpose to invest in Bitcoin. Bitcoin is one of the most reliable investment platform where investing money will be much safer than other platforms and Bitcoin is the best in holding the investment for a long period of time. While all other coins in the market have the possibility of disappearing from the market, Bitcoin has no possibility of disappearing from the market. There are many coins that suddenly grow so much that many investors think they should have invested in those coils. Investors may think so in the beginning, but after a few days, they get rid of this misconception and realize that investing in Bitcoin is the best choice for them.  

We will trust and invest money in a coin that all other coins in the market depend on.

Talking about the investment every person has their plan and wants to execute it.

Every investor has certain plans before investing which may not be the same as other investors. Each plan has its own investment strategy and investors generally prefer to adopt different investment strategies. As an investor I plan to hold Bitcoin for a long period of time as well as increase the amount invested with time and financial understanding. Other investors may have similar or different plans.

But some people want quick profits and they are searching for a coin that moves quickly and through that, they take their profits, but yeah they did not ignore Bitcoin and have a huge amount of investment in it.

First of all, we need to get rid of the get-rich-quick mentality. An investor can't get rich overnight by working or investing outside of finding a bank robbery treasure or a big lottery win. Instead of worrying about how to get rich quick, we should plan whether we are investing properly and whether we can hold our investment for a long time. It is good for us if we plan to hold the investment for a long time and if we can work according to that plan.

So I just clear that for some Bitcoin is all about and for some others altcoins matter.

It will always be a good decision to keep Bitcoin as a long term investment and invest in Bitcoin. I don't have much confidence in ALT coins so I want to put full trust in Bitcoin. But in the case of trading, it is often seen that various traders recommend using some ALT coins in the market because some ALT coins in the market give good returns in the case of trading.

[JayJuanGee]

Not all cryptocurrencies are worth investing in and not all of them are doing better than other forms of investment. I keep telling people that if you must invest in a digital asset it must be Bitcoin. Anything other than Bitcoin you are on your own as your investment is not guaranteed. For me, it is either Bitcoin or nothing else.

Talking about the investment every person has their plan and wants to execute it.

We cannot assume that everyone has a plan or even that the plan that they have is good for them, and the person who makes the plan is in the best position to judge the extent to which their plan is customized to their various personal circumstances, including mostly the 9 areas that I mentioned in my other post.

For some Bitcoin is everything and for some other cryptocurrency is good.

Yeah, but we are not talking about shitcoins here or even trying to suggest that shitcoiners are anything other than retarded.

So your attempt to suggest that shitcoiners have equally good ideas is likely invalid - and is also showing that you likely do not know and/or understand bitcoin well enough in order to recognize and appreciate that investing into shitcoins has some kind of equivalency to bitcoin.

The fact of the matter is that bitcoin is both the superior asset, but is mostly the ONLY asset that invented anything that is meaningful and significant, so even though various shitcoins might be attempting to contribute various innovations, they are largely building upon an area that bitcoin already invented (or discovered).

Hopefully, for your own good you limit your exposure to shitcoins to less than 10% of the size of your bitcoin portfolio in terms of time, energies and value invested into any of them...  and even 10% may well be way too much, especially for someone who is brand new to the space and should be learning bitcoin first before venturing into shitcoins.

We know for investment we chose Bitcoin because it provides us with a good return but this wait is needed because Bitcoin does not go up and down rapidly.

Sure, there are people who invest into bitcoin merely for its return.. and it probably is better to think of bitcoin in those kinds of ways than to get lured into various shitcoins.., but a return only assessment of bitcoin is quite superficial since bitcoin is more than just its returns, and the reason that bitcoin has good returns has to do with various aspects of its fundamentals, includign that it has invented/discovered ways to resolve the digital scarcity/duplication/double spend problem that had not been resolved before bitcoin came onto the scene (even though surely bitcoin did end up taking several aspects from prior learnings, but it had a few of its own innovations, such as the difficulty adjustment and also the way that it designed its supply issuance into halvenings that created various kinds of minimal trust incentives and even dynamics in which individuals acting in their own self-interests ends up contributing to the bitcoin system becoming stronger and stronger with the passage of time.... decently-good lindy effects).   

But some people want quick profits and they are searching for a coin that moves quickly and through that, they take their profits, but yeah they did not ignore Bitcoin and have a huge amount of investment in it.

True.. there are people who invest in both bitcoin and shitcoins, and may even keep most of their value in bitcoin.

So I just clear that for some Bitcoin is all about and for some others altcoins matter.

You are repeating your dumb-ass conclusion that seems to want to suggest that there is something that is even close to equivalent to choose to go into shitcoins rather than bitcoin, which is surely not the case.

Even if some of the shitcoiners are smart in various ways, they are dumb in the sense that they might not know sufficiently about bitcoin or they are scammers to the extent that they might promote shitcoins or to either denigrate bitcoin or to fail/refuse to acknowledge bitcoin's superiority in the space.  There is no reason that any of us should have to accept any false representation that shitcoins are similar to bitcoin or that there is any redeeming value to getting involved in shitcoins for either financial reasons or even for moral reasons...   

And, even if someone might have some morally acceptable reasons for either getting involved in shitcoins or representing them as if they were equivalent to bitcoin, we don't need to be having those kinds of conversations in this thread, including trying to figure out or explore which shitcoins are less shitty... so if you want to continue to make those arguments, you should take them to another thread, since this is a bitcoin thread, and we don't need those kinds of distractions, as subtle as you are trying to make the case for such supposed equivalency of shitcoins, which is not true.

Again, if you are tempted to invest anything into shitcoins, which is a kind of gambling, hopefully you are at least smart enough to limit your investment to less than 10% of the size of your bitcoin investment.. and even that may well be too much.

[edited out]

But in the case of trading, it is often seen that various traders recommend using some ALT coins in the market because some ALT coins in the market give good returns in the case of trading.

That is a good point about trading. 

We are not talking about trading here, but anyone who is trading, they may well be able to find quite a bit more utility in trading shitcoins rather than trading bitcoin, and in fact, it makes some sense to trade shitcoins especially since they are in and out kind of assets that you likely should not be holding any of them for the long term, but it does not make very much sense to trade bitcoin, even though there are ways to manage your bitcoins that involve selling on the way up and buying on the way down. 

Yet personally, it seems to me that it is much better to build your BTC stash to a certainly high level prior to even messing around with selling any of it..  -  especially if you are still in your BTC accumulation stage, it makes less sense to sell in order to accumulate rather than to merely engage in various forms of buying of BTC in order to accumulate.. but of course, once you accumulate a decently large bitcoin stash, then you could use those kinds of factors to help you in terms of ways to manage your BTC stash, which may include selling on the way up.. but we are not talking about those kinds of systems here, except maybe in passing..

[MusaPk]

~~snip

Bitcoin DCA is open for everyone, as long as you are willing to invest at least 10$ in bitcoin every week there is good profit waiting for you, if you planning to invest for longer period. Here are result of investing 10$ a week for 10 years and 5 years.




https://dcacryptocalculator.com/bitcoin

"If you are born poor it’s not your mistake but if you die poor it’s your mistake." Whoever said this is very much true. As we are discussing on this thread, there are ways to improve your financial conditions for investing little amount in bitcoin for longer duration. Those who have enough cash can surely earn big here but there is room for those who have little cash with them.

What you said is true, no one should wait until he or she is in a comfortable zone before they can invest, why many people are poor today is because they don't think about expanding their cost with their little finance, they think big which is not a problem but they despise starting from the foundation, though investment is a mindset, when you don't have it, it will be almost impossible for you to invest if the minimum starting amount for such investment is 1$.

The calculations which I have shown in my previous posts are not about investing a big amount rather they show results of investing 10$ per week over a longer duration. If you are investing a small amount continuously then you are deemed to get success. 
It's all about educating yourself that bitcoin is a secure investment. I am saying Bitcoin is secure investment not just because I have Bitcoins but based on historical data. Those who want to improve there financial conditions and are not investing in Bitcoin are doing unjust with them. 

For you as person to think about investment, you should possess the spirit of patience in you, for business or investment to flourish obstacles must occur at this time, you keep holding I know that it may seem impossible at the beginning but I know that we can scale through if really want to suffer and earn better in future.

My advice for any potential investor is that whatever you have, go in with it, don't delay further because any delay can be seen as a missed or lost opportunity and this can be regretted forever. 

That's very good point. Delaying your investment plan wont give you anything. A thousand mile journey start with a single step, so is bitcoin investment. The first step will be difficult and its about convincing yourself to invest in Bitcoin. We have discussed so many scenarios here that show results of investing in bitcoin. Bitcoin do takes time but it gives guaranteed return more then any Bank can offer.

[JayJuanGee]

~~snip

Bitcoin DCA is open for everyone, as long as you are willing to invest at least 10$ in bitcoin every week there is good profit waiting for you, if you planning to invest for longer period. Here are result of investing 10$ a week for 10 years and 5 years.


https://dcacryptocalculator.com/bitcoin
"If you are born poor it’s not your mistake but if you die poor it’s your mistake." Whoever said this is very much true. As we are discussing on this thread, there are ways to improve your financial conditions for investing little amount in bitcoin for longer duration. Those who have enough cash can surely earn big here but there is room for those who have little cash with them.

What you said is true, no one should wait until he or she is in a comfortable zone before they can invest, why many people are poor today is because they don't think about expanding their cost with their little finance, they think big which is not a problem but they despise starting from the foundation, though investment is a mindset, when you don't have it, it will be almost impossible for you to invest if the minimum starting amount for such investment is 1$.

The calculations which I have shown in my previous posts are not about investing a big amount rather they show results of investing 10$ per week over a longer duration. If you are investing a small amount continuously then you are deemed to get success. 
It's all about educating yourself that bitcoin is a secure investment. I am saying Bitcoin is secure investment not just because I have Bitcoins but based on historical data. Those who want to improve there financial conditions and are not investing in Bitcoin are doing unjust with them. 

For you as person to think about investment, you should possess the spirit of patience in you, for business or investment to flourish obstacles must occur at this time, you keep holding I know that it may seem impossible at the beginning but I know that we can scale through if really want to suffer and earn better in future.

My advice for any potential investor is that whatever you have, go in with it, don't delay further because any delay can be seen as a missed or lost opportunity and this can be regretted forever. 

That's very good point. Delaying your investment plan wont give you anything. A thousand mile journey start with a single step, so is bitcoin investment. The first step will be difficult and its about convincing yourself to invest in Bitcoin. We have discussed so many scenarios here that show results of investing in bitcoin. Bitcoin do takes time but it gives guaranteed return more then any Bank can offer.

Making your amount smaller does not cause the return to become more guaranteed. 

Your chances for a good or a bad return are the same whether your invest a small amount into bitcoin or a large amount.

On the other hand, your chances of not feeling the negative effects such as getting emotional about your BTC investment and about losing money are reduced if you reduce the amount you invest and also if you invest over a longer period of time.. like you mentioned, you could end up investing a lot more into bitcoin than what you would have had invested if you were to have had to decide to lump sum into it.. .,.

On the other hand (am I running out of hands yet) if you end up being too wimpy in your BTC investment, you could regret that you did not invest more or to invest in a quicker kind of way (maybe front-loading your investment).

In the end, there is a balance between how aggressive you feel that you can be without causing other possible problems of overdoing it in terms of either emotional and/or financial risk due to improper planning.

Even if you invest various lump sums into bitcoin, you can smooth out your lump sum investment with DCA, yet there still can be a lot of differences between people in terms of whether they ever get access to lump sum funds and also how they might identify and then treat such lump sum funds if they choose to allocate them towards bitcoin investing.

Some one who does not build up and/or manage their emergency fund very well might not know how to identify or to manage lump sum funds, either. Lump sum might not be as common as having abilities to manage smaller amounts of cashflow as the cashflow comes in, but lump sum does come up from time to time, and can sometimes be applicable and very powerful for those folks who have figured out how to identify categories of their money and to figure out how much emergency fund that they need and to be able to recognize/appreciate the amount of extra funds that they could use towards bitcoin investing. 

Just the ability to accurately identify how much money is excessive (and can be treated as a bitcoin investment amount) beyond the emergency funds is something that can develop and improve with practice.

[Pi-network314159]

Not all crypto currencies are worth investing on and not all of them are doing better than other forms of investment. I keep telling people that if you must invest in digital asset it must be Bitcoin. Anything other than Bitcoin you are on your own as your investment is not guaranteed. For me it is either Bitcoin or nothing else.

Sometimes when people are told about investing in bitcoin and nothing but bitcoin, it seams like a nursery rhyme that is being reapeated always. where as it's agender is for a greater porpose of people not to make mistakes. It would be bad for people to see the future and important of bitcoin investment, yet they choose not to invest wisely. and possibly people pay deaf ears to  invest In it . No matter what happens the sheep will always be ships and the Wolves also the Wolves.

I have tested altcoins and see the difference between them and bitcoin. Its never a comparison.  Though sometimes people need to loss sum huge amount of fund to altcoin for them to learn their lessons, otherwise they will think all what they say here is a joke.

Whatever that is taught on this thread for age's is not really a joke and not for merit porpose but to impact moral to people and learn investment plan. Despite all what I have learnt here About investing on bitcoin I choose to try luck on altcoin but lost some fund of About $30. thou it might look very small but in DCA of $5 weekly can serve for a month and 2 weeks so its something. So when I lost it due to greed of making fast profit, i realised that it has been said reapeatedly never to invest on altcoins but only on bitcoin and holding for long. So I urge everyone that this thread has generated Upto 250 pages, and that is not a joke and not to be taken for granted. It gives joy to someone seeing that all efforts made to educate people should not be proven abortive. But a point of contact for the betterment of the future of everyone.

[avp2306]

We know for investment we chose Bitcoin because it provides us with a good return but this wait is needed because Bitcoin does not go up and down rapidly.

We don't invest in Bitcoin just thinking that it will give good returns but we have some other purpose to invest in Bitcoin. Bitcoin is one of the most reliable investment platform where investing money will be much safer than other platforms and Bitcoin is the best in holding the investment for a long period of time. While all other coins in the market have the possibility of disappearing from the market, Bitcoin has no possibility of disappearing from the market. There are many coins that suddenly grow so much that many investors think they should have invested in those coils. Investors may think so in the beginning, but after a few days, they get rid of this misconception and realize that investing in Bitcoin is the best choice for them.  

We will trust and invest money in a coin that all other coins in the market depend on.

For many years it exist we see how big the potential of bitcoin for investment and for usage as currency so for sure a lot of us here especially those experience one are acquiring bitcoin for that reasons. Maybe they are still few individuals are there its because they heard that they can earn a lot of money without doing any research so its good that we are here to enlightened those guys and give more valid information so that they will not get hype and think about more accurate for bitcoin.

There's no other than best choice among other currency since bitcoin stand still on any trial it face and for sure for investing it then thinking about for long term they get rewarded for efforts also the patience they do since bitcoin is always best for that.

[Litzki1990]

Not all cryptocurrencies are worth investing in and not all of them are doing better than other forms of investment. I keep telling people that if you must invest in a digital asset it must be Bitcoin. Anything other than Bitcoin you are on your own as your investment is not guaranteed. For me, it is either Bitcoin or nothing else.

Talking about the investment every person has their plan and wants to execute it. For some Bitcoin is everything and for some other cryptocurrency is good. We know for investment we chose Bitcoin because it provides us with a good return but this wait is needed because Bitcoin does not go up and down rapidly. But some people want quick profits and they are searching for a coin that moves quickly and through that, they take their profits, but yeah they did not ignore Bitcoin and have a huge amount of investment in it.
So I just clear that for some Bitcoin is all about and for some others altcoins matter.

We prefer Bitcoin for long term investment because Bitcoin is one of the most reliable currencies and we are sure that our money will be safe if we invest in Bitcoin. Investment is the second step and financial security is the first step. If our capital is not secured then where will the profit be accumulated and where will the profit come from. A true investor will prioritize his money first and invest his money where it is safe.
We have no doubt that Bitcoin is a very safe digital currency, so Bitcoin is the first choice of every investor if he wants to hold his investment for a long time. Investing is now possible starting small and building up your net worth over a long period of time.

Investors now prefer to invest in DCA method, as a result of which those who have enough money to invest are investing, it can be seen that if an investor invests in a 5 to 6 year plan, his total investment amount is much higher. You also mentioned that there are many investors who want to get rich quick, in this case I would clearly say to them that they can never plan their investments for a long time. Within a few days after investing, when they find that their profit is not as expected or showing some temporary loss instead of profit, then they will get upset with the investment and they will sell their investment at that time.  

Investors with this type of mentality find it very difficult to hold onto their investments. First you have to perfect your mind for investment then long term plan to hold your investment.

It will always be a good decision to keep Bitcoin as a long term investment and invest in Bitcoin. I don't have much confidence in ALT coins so I want to put full trust in Bitcoin. But in the case of trading, it is often seen that various traders recommend using some ALT coins in the market because some ALT coins in the market give good returns in the case of trading.

It is definitely a good point that there are some other coins in the market for trading which are fairly reliable and perfect for short term trading. Among all the ALT coins in the market, if you can trade with the important coins, then if you trade correctly, you can earn a good amount of money every day. There are many reasons behind why I advocate ALT Coin for trading. Some ALT coins have a relatively low price and the market volatility of all those coins is high, in addition to the high volatility in the market, the trading volume of those coins is relatively high, so the faster the price of the coin goes down, the faster the price of that coin rises again. This shows that a trader can make some profit if he takes up trading for a short period of time.

[Popkon6]

Of course sir, in the first few years I continued to learn about bitcoin and continued to deepen my knowledge and many other things. What I mean by a few years does not mean that in 1 or 2 years we will be able to gain results from our investment, in my view investment requires analysis and patience, Not only in Bitcoin but other investments such as shares and others.

There are many types of investment, but when talking about cryptocurrency investment, of course the best one here is investing in Bitcoin because it has been proven over the years.

At least you should have given him more valid reasons that made cryptocurrency investment more preferable for investors that other investment opportunities. Not only cryptocurrency investment has been proving over the years. Real estate, Gold and the stock market has well done well for investors over the years.

However,  i believe one general reason why investor prefer cryptocurrency to other form if investment is because of its decentralization. They feel safer putting their money where no third party has control over their assets. Since no government authorities and private companies can control the price of their asset.

And you mentioned that Bitcoin is more of an investor choice, which i totally agree with you. Alternative currencies are not to be trusted since they can end ay anytime by rule changes, founders or developers. Big investors would tell you that they can't invest in cryptocurrency that has a leader foundation becomes whenever they decided to quit the project they will. Bitcoin is Soley relying on itself. Also, many investors look for where they can store value this is why Bitcoin is the first choice.

Not all crypto currencies are worth investing on and not all of them are doing better than other forms of investment. I keep telling people that if you must invest in digital asset it must be Bitcoin. Anything other than Bitcoin you are on your own as your investment is not guaranteed. For me it is either Bitcoin or nothing else.

Bitcoin is the best because those who are smart investors must invest in Bitcoin. And investors who are ready to invest for a short period of time and are prepared to lose money will prefer unique coins. But the risk is very less when investing in Bitcoin, that's why people are more inclined towards Bitcoin investment. Because investing in Bitcoin must be a long-term investment because only Bitcoin can help economically in the future.

[Crypto_I.N]

snip-

i see, Thank you sir, as someone who is new to bitcoin investment, I am still learning about many things, of course the input you provide will be very useful for me in the future.

To be honest, I don't know much about the "shitcoin" you mean sir, but there is a possibility that I will learn about some things like that too, In my opinion, new things like that are always interesting to learn. That doesn't mean I went into investing without knowing first. Because there are many things I need to know and I need to find out first before i start to invest. 😁

[Crypto_I.N]

Of course sir, in the first few years I continued to learn about bitcoin and continued to deepen my knowledge and many other things. What I mean by a few years does not mean that in 1 or 2 years we will be able to gain results from our investment, in my view investment requires analysis and patience, Not only in Bitcoin but other investments such as shares and others.

There are many types of investment, but when talking about cryptocurrency investment, of course the best one here is investing in Bitcoin because it has been proven over the years.

At least you should have given him more valid reasons that made cryptocurrency investment more preferable for investors that other investment opportunities. Not only cryptocurrency investment has been proving over the years. Real estate, Gold and the stock market has well done well for investors over the years.

However,  i believe one general reason why investor prefer cryptocurrency to other form if investment is because of its decentralization. They feel safer putting their money where no third party has control over their assets. Since no government authorities and private companies can control the price of their asset.

And you mentioned that Bitcoin is more of an investor choice, which i totally agree with you. Alternative currencies are not to be trusted since they can end ay anytime by rule changes, founders or developers. Big investors would tell you that they can't invest in cryptocurrency that has a leader foundation becomes whenever they decided to quit the project they will. Bitcoin is Soley relying on itself. Also, many investors look for where they can store value this is why Bitcoin is the first choice.

Not all crypto currencies are worth investing on and not all of them are doing better than other forms of investment. I keep telling people that if you must invest in digital asset it must be Bitcoin. Anything other than Bitcoin you are on your own as your investment is not guaranteed. For me it is either Bitcoin or nothing else.

Bitcoin is the best because those who are smart investors must invest in Bitcoin. And investors who are ready to invest for a short period of time and are prepared to lose money will prefer unique coins. But the risk is very less when investing in Bitcoin, that's why people are more inclined towards Bitcoin investment. Because investing in Bitcoin must be a long-term investment because only Bitcoin can help economically in the future.

Thank you for providing your explanation and opinion, brother, it will really help me learn more about Bitcoin.

Yes, I started exploring Bitcoin in 2022, and currently there are many things I am looking for and Bitcoin really interests me.
Especially if we talk about how bitcoin will be very helpful for the economically in the future.

Some of my friends think that my step is the wrong step because I am considered late, But I think that it is better late than never.

[Promocodeudo]

During 2019 to 2020, only a handful of people in the forum would post confidently that their expectations for Bitcoin would be to reach six digits. Many of the other users, although maybe they believed or hoped that it could happen, would never let everyone know what they were thinking probably because they didn't want to sound and look stupid.

Let's go further, in mid-2017 the price was around $1000-1500 and who would have thought the bitcoin would pass 20K in the next few months, so that is how an investment works and that is why few people become rich and most of others end up living an average life. Now we have an opportunity to become one among the few with bitcoin and still the choice is ours.

The problem is, many investors are still hesitant to invest until they see the price already soaring high. That's their turning point to engage themselves and join the ride even it's already risky since we know it can go downward unexpectedly. Thus if you are a type of investor waiting for recovery before buying, it's not a mistake since that's your strategy BUT it's not wise because the ideal time to buy is during dip.

Bear season that passed is long enough to accumulate, fill our bags and wait. If you didn't buy during those times because you are afraid to lose your capital or don't have strong belief about the future, then expect that you are still one of those who missed again the opportunity to be a huge gainer in the future. So don't wait for the price to rise before buying.

That's the mistake many investors makes about Bitcoin investment, they won't buy won't buy when there is a price correction. But they will be jumping to buy when they start seeing the green candles or when the price correction might have ended and the price has moved up. The price got to over $45k and went back to $42k, there are some investors who are still out there waiting and confused to buy now or wait more, as they still hoping that there will be more dip. When they wait and the price suddenly jump to $46k or above that's when they will buy. Sometimes I wonder their wisdom or who is advising them.

Any investor that always wait till a particular commodity not only Bitcoin to appreciate in price be they eventually invest is not a good strategist, though Bitcoin investment is a bit different from other investment because of it's volatile nature, accurate prediction of Bitcoin price is not certain, when there is price appreciation it doesn't really mean that it will continue to be like that, in twinkle of an eye anything can still happen, so people should stop waiting forever so that they won't continue to be disappointed, for now I don't think bitcoin is doing bad in terms of it's price, so people should utilize this opportunity to buy as long as they can afford it.

Over calculation by people when opportunity of investment presents itself does not make sense most times, we have seen how good and bad bitcoin is, why wait, what do we want to hear again, this is one of the reason why some people that had the opportunity to mine bitcoin for free lost it because of too much listening ear to speculation and negative news about bitcoin and crypto currency in general, today this set of persons live in the world of regret for not making the right decision and choice.

[Justbillywitt]

Of course sir, in the first few years I continued to learn about bitcoin and continued to deepen my knowledge and many other things. What I mean by a few years does not mean that in 1 or 2 years we will be able to gain results from our investment, in my view investment requires analysis and patience, Not only in Bitcoin but other investments such as shares and others.

There are many types of investment, but when talking about cryptocurrency investment, of course the best one here is investing in Bitcoin because it has been proven over the years.

At least you should have given him more valid reasons that made cryptocurrency investment more preferable for investors that other investment opportunities. Not only cryptocurrency investment has been proving over the years. Real estate, Gold and the stock market has well done well for investors over the years.

However,  i believe one general reason why investor prefer cryptocurrency to other form if investment is because of its decentralization. They feel safer putting their money where no third party has control over their assets. Since no government authorities and private companies can control the price of their asset.

And you mentioned that Bitcoin is more of an investor choice, which i totally agree with you. Alternative currencies are not to be trusted since they can end ay anytime by rule changes, founders or developers. Big investors would tell you that they can't invest in cryptocurrency that has a leader foundation becomes whenever they decided to quit the project they will. Bitcoin is Soley relying on itself. Also, many investors look for where they can store value this is why Bitcoin is the first choice.

Not all crypto currencies are worth investing on and not all of them are doing better than other forms of investment. I keep telling people that if you must invest in digital asset it must be Bitcoin. Anything other than Bitcoin you are on your own as your investment is not guaranteed. For me it is either Bitcoin or nothing else.

Bitcoin is the best because those who are smart investors must invest in Bitcoin. And investors who are ready to invest for a short period of time and are prepared to lose money will prefer unique coins. But the risk is very less when investing in Bitcoin, that's why people are more inclined towards Bitcoin investment. Because investing in Bitcoin must be a long-term investment because only Bitcoin can help economically in the future.

Wether investment is for the short term or long time, Bitcoin investment should be the goal and not any compromise. No investor invest with the sole purpose of losing money, sometimes it could be that they lack the right knowledge and understanding about Bitcoin and possible consequences that their actions will result to. It could be that those who do this are people who were recently introduced into crypto currency trading and investment without proper guidance or adequate knowledge. Some people just want to dive into something because they heard that it's profitable without knowing the underlying risks.

[adultcrypto]

Bitcoin is the best because those who are smart investors must invest in Bitcoin. And investors who are ready to invest for a short period of time and are prepared to lose money will prefer unique coins. But the risk is very less when investing in Bitcoin, that's why people are more inclined towards Bitcoin investment. Because investing in Bitcoin must be a long-term investment because only Bitcoin can help economically in the future.

Wether investment is for the short term or long time, Bitcoin investment should be the goal and not any compromise. No investor invest with the sole purpose of losing money, sometimes it could be that they lack the right knowledge and understanding about Bitcoin and possible consequences that their actions will result to. It could be that those who do this are people who were recently introduced into crypto currency trading and investment without proper guidance or adequate knowledge. Some people just want to dive into something because they heard that it's profitable without knowing the underlying risks.

I actually agree with @Popkon6 that Bitcoin is the best asset for investment with the right approach being long term. People start investment through different motivations with the common denominator being to make money at the end. Like you rightly said, the sole reason for investing is to make profits but care must be taken if we must achieve this purpose and also be able to sustain the money.

You said something about knowledge of Bitcoin, I think it is only basic knowledge of Bitcoin you need to start already because complete knowledge of Bitcoin is still something that is unfolding. That is why we have Bitcoin devs, they are constantly improving the Bitcoin network to add better security and ease of use. To buttress this, you can see that the Bitcoin network is yet to overcome the ordinal attack that was launched on it using vulnerability some people noticed. This was not seen years ago and is a result of continuous study of the Bitcoin protocol. So the knowledge aspect is not something that should be the decider for investment even though it is important.

[Aanuoluwatofunmi]

snip-

i see, Thank you sir, as someone who is new to bitcoin investment, I am still learning about many things, of course the input you provide will be very useful for me in the future.

To be honest, I don't know much about the "shitcoin" you mean sir, but there is a possibility that I will learn about some things like that too, In my opinion, new things like that are always interesting to learn. That doesn't mean I went into investing without knowing first. Because there are many things I need to know and I need to find out first before i start to invest. 😁

At a particular time, we all started being a learner and gradually got ourselves developed and equipped about bitcoin knowledge, now the first stage has be achieved and conquered by you, knowing about bitcoin and having the understanding of what differentiates it from altcoins, the moment we know about what we do, they we have victory over it and can't be a victim to any of it's mistakes even when others are falling, that is why information is the key.

Secondly, you don't have to relent, you will always get updated to many informations needed of you to know about bitcoin and how to make a successful investment in them, not that altcoins aren't profitable on some people, but the risk associated to it is more than the benefits it offers to it's investors, but when you're in look on something reliable and trustworthy, you maintain your search within Bitcoin network.

[michellee]

Wether investment is for the short term or long time, Bitcoin investment should be the goal and not any compromise. No investor invest with the sole purpose of losing money, sometimes it could be that they lack the right knowledge and understanding about Bitcoin and possible consequences that their actions will result to. It could be that those who do this are people who were recently introduced into crypto currency trading and investment without proper guidance or adequate knowledge. Some people just want to dive into something because they heard that it's profitable without knowing the underlying risks.

Before people start investing in Bitcoin, they should learn about it first. They don't need to immediately decide to invest in Bitcoin, especially if they don't know how. Most people rush into investing in Bitcoin, so many of them panic when things don't go according to their wishes.

Although investing in Bitcoin can be used for the short term, many people realize they can make huge profits if they hold for a long time. The profits will be greater than in the short term and they can also use their time to accumulate more Bitcoins.

But whatever time they choose, make sure they study it first so they don't make the wrong move. And only use money they can afford to invest in Bitcoin. Many people use the all-in method, which is not recommended due to a lack of knowledge about investing in Bitcoin.

[Wind_FURY]

Wether investment is for the short term or long time, Bitcoin investment should be the goal and not any compromise. No investor invest with the sole purpose of losing money, sometimes it could be that they lack the right knowledge and understanding about Bitcoin and possible consequences that their actions will result to. It could be that those who do this are people who were recently introduced into crypto currency trading and investment without proper guidance or adequate knowledge. Some people just want to dive into something because they heard that it's profitable without knowing the underlying risks.

Before people start investing in Bitcoin, they should learn about it first. They don't need to immediately decide to invest in Bitcoin, especially if they don't know how. Most people rush into investing in Bitcoin, so many of them panic when things don't go according to their wishes.

In my personal opinion, newbies could buy now - as long as they're entering into a favorable price-point if buying the DIP, OR any price-point if the intend to DCA, THEN learn more deeply about it later.

If a newbie waits to learn more about it first, he/she might end up buying much later because there's simply so much more to learn once you have learned about Bitcoin. Truly learning about it is a long term journey and discovery.

Although investing in Bitcoin can be used for the short term, many people realize they can make huge profits if they hold for a long time. The profits will be greater than in the short term and they can also use their time to accumulate more Bitcoin.

For plebs like us who don't have millions upon millions in capital, long term/low time preference/HODL is the only way to invest in Bitcoin.

[Mayor of ogba]

Not all cryptocurrencies are worth investing in and not all of them are doing better than other forms of investment. I keep telling people that if you must invest in a digital asset it must be Bitcoin. Anything other than Bitcoin you are on your own as your investment is not guaranteed. For me, it is either Bitcoin or nothing else.

We know for investment we chose Bitcoin because it provides us with a good return but this wait is needed because Bitcoin does not go up and down rapidly.

I disagree with this statement. We did not invest in bitcoin because it gives us great returns from our investments, we invest in bitcoin because it gives us total control over our money, no third party will decide how and when we will do our transactions in bitcoin, it helps to overcome inflation, and our bitcoin investment is safer because bitcoin is not a pump and dump coin.