DID I MAKE A MISTAKE INVESTING IN BITCOIN?

[Sithara007]

You definitely didn't made a mistake when you decided to invest in Bitcoin. But that said, you would be making a very big mistake, if you listen to all the FUD that is going around and do panic selling. If you are new to the cryptocurrency market, then it will be better to study the past price movements and bouts of panic selling that has occurred. Managing your assets is even more important than choosing the right asset to invest in.

Since you have made the investment, you need to finalize your target now. If you are planning cashing out in installments, then you can make targets for that also. More importantly, you need to have a stop loss price as well. This will prevent you from suffering very heavy losses. And give some attention to the coin storage also. Keep the backups if you are going for a hardware wallet.

[Blackdeath]

You know this question is unavoidable...

DID I MAKE A MISTAKE INVESTING IN BITCOIN?

 A lot of people have heard of the benefits achievable with BTC investments and decided to invest.
 The recent market setbacks have brewed a very big question in the minds of new investors...

 What will be your response to this question?

For me, you didn't make any mistake. When investing in bitcoin it is like your patience are being tested. When you want to invest you just need to know that bitcoin is very volatile and it is not a quick way to become rich. Just learn everything on how it works and you will realize that you are not making any mistake.

[bitzizzix]

I think you did not made a mistake if you invested to the bitcoin when the value is very low but many people are do mistake because the time when they invested is not the right time or the price is very high. But if they wait for sure the price will turn back like $20,000 more and they earn even a little profit.  But the time for now is good chance to get more bitcoin because it's $8000.

Yes, I agree with you and bitcoin is not a fast way to get profits because it is very volatile and although to get profits quickly it can happen, but it all depends on the market situation and you make a purchase at the right time.
and in my opinion now is the right time to invest because the price is experiencing a decline and there will likely be another increase in the next few months.

[Akiko]

You know this question is unavoidable...

DID I MAKE A MISTAKE INVESTING IN BITCOIN?

 A lot of people have heard of the benefits achievable with BTC investments and decided to invest.
 The recent market setbacks have brewed a very big question in the minds of new investors...

 What will be your response to this question?

For me, you didn't make any mistake. When investing in bitcoin it is like your patience are being tested. When you want to invest you just need to know that bitcoin is very volatile and it is not a quick way to become rich. Just learn everything on how it works and you will realize that you are not making any mistake.

the patience is really needed mostly if you invest in crypto currency  Bitcoin is not quick to rich scheme that can give you profit every time  you invested.

[Fides-exchange]

I Would say buying Bitcoin needs to be considered a long term investment in not just the BTC you buy but in the quality of life you would like to have.

BTC is just over 10 years 9 months old as I tend to see the January 3rd date being BTC's Birthday.
BTC and the Cryptocurrency Ecosystem is currency 2.0 and Assets 2.0 compared to "Cash" and "Stocks"
There are many stinker ALTS still but that's part of the Laboratory of altcoins to test out new ideas and new theories.
The next 9 - 39 years for crypto are going to ever more revolutionary for crypto than the 1st 10 years have been in my opinion.
We'll have mass adoption in that time though many people won't be realizing they are using crypto.

[zeingrind777]

DID I MAKE A MISTAKE INVESTING IN BITCOIN?

 What will be your response to this question?

you must understand, what you really want to invest in Bitcoin?  what is the future or only money!!
if you only invest your money in Bitcoin then I can say you made the wrong choice, but if you invest the future in Bitcoin then your choice is right. Bitcoin is a long-term investment, don't expect you to be rich next month. believe, in the next 2 to 5 years Bitcoin will be worth more than today

[partysaurus]

You know this question is unavoidable...

DID I MAKE A MISTAKE INVESTING IN BITCOIN?

 A lot of people have heard of the benefits achievable with BTC investments and decided to invest.
 The recent market setbacks have brewed a very big question in the minds of new investors...

 What will be your response to this question?

For me, you didn't make any mistake. When investing in bitcoin it is like your patience are being tested. When you want to invest you just need to know that bitcoin is very volatile and it is not a quick way to become rich. Just learn everything on how it works and you will realize that you are not making any mistake.

the patience is really needed mostly if you invest in crypto currency  Bitcoin is not quick to rich scheme that can give you profit every time  you invested.

It would be alot healthier if more people looked at bitcoin this way that its a long term investment. if you hold btc for atleast 5 years im pretty sure you would make some money. maybe not the millions people dream about , but atleast get more then you invested.

[qwertyup23]

You know this question is unavoidable...

DID I MAKE A MISTAKE INVESTING IN BITCOIN?

 A lot of people have heard of the benefits achievable with BTC investments and decided to invest.
 The recent market setbacks have brewed a very big question in the minds of new investors...

 What will be your response to this question?

What is your basis for saying that investing in bitcoin is a mistake? Have you suffered a loss or is your investment far from reaching the price beyond the initial price you purchased it?

There are factors you need to consider before investing in cryptocurrencies. Unlike other investments that does not require time and effort after purchasing, investing in bitcoin is a high-risk high-reward type of investment where it requires you to diligently check the market, do some research, and consider the external and internal factors affecting its price.

[todiboa]

You know this question is unavoidable...

DID I MAKE A MISTAKE INVESTING IN BITCOIN?

 A lot of people have heard of the benefits achievable with BTC investments and decided to invest.
 The recent market setbacks have brewed a very big question in the minds of new investors...

 What will be your response to this question?

If you choose the right opportunities and companies in which to invest, then everything will be okay. Investing in Bitcoin is very profitable even during the beginning of the bear market.

[karanggatak]

it is wrong if you invest in bitcoin to make profit as fast as possible. basically, all of investation need to be patient, and some people know that bitcoin is the best investation and can make you rich in a short while in a fact its not true. bitcoin is like the other investation, need take a breath and maybe for some people they can take big jackpot.

[hypersonic1]

Bitcoin is built by the numbers to resist other forces in the market. The fact that they had to make cahs settled futures and now options to try and slow its ascent is a big part of that. when the halving hits next may I for one definitely want to be stacking my sats. if I could have 5-10 BTC by then I would be happy.

[octomob]

No. Nobody does.
Actually, it depends if you your estimation. If you expect on 1-2-3 years, your expectataions are may be not wrong, but better expect growth in 20-30 years. If you think this way, invest, and your patience will be rewarded. My own opinion, i don't pretend to be thruthful.

[Machine Funk]

It is just your negative self-conscious taking over and it happens to everyone. No matter what choice we make we will worry if the opposite choice is not a better one.
I think it is a human survival technique. If you want to succeed you have to push through that though.

[iMark]

Investing in Bitcoin is one of the most intelligent things that you've ever done with your money. I can't think of a better investment!! Well, what else did you consider investing in? The stock market is peaking and is going to crash soon under the terrible leadership of Donald Trump. once he ruins that country, people will flock to bitcoin because they'll know that it is the truth and the future.

Yeah I know that, you won't realize it until you do it yourself and earn profit by yourself. there is no investment as profitable as you can get in bitcoin, the price can rise several times, which investment can have such a crazy change?

if you want to be rich, you're not wrong choosing bitcoin as your investement. after the stock market weakens, many people will definitely glance at bitcoin, and that will be your advantage as an early user.

[Eugenar]

You know this question is unavoidable...

DID I MAKE A MISTAKE INVESTING IN BITCOIN?

 A lot of people have heard of the benefits achievable with BTC investments and decided to invest.
 The recent market setbacks have brewed a very big question in the minds of new investors...

 What will be your response to this question?

Let's not be biased here, we are all cryptocurrency enthusiast and based from your topic and opinion, the only way you can have a mistake investing in bitcoin, is the season or time when you invested it. If you are about to invest your money to buy bitcoin when you think its market price is high, then you are about to commit mistake.  What you need to do is to be observant and updated to the news or simply conduct a fundamental analysis of every situation in relation to bitcoin.

[Sithara007]

No. Nobody does.
Actually, it depends if you your estimation. If you expect on 1-2-3 years, your expectataions are may be not wrong, but better expect growth in 20-30 years. If you think this way, invest, and your patience will be rewarded. My own opinion, i don't pretend to be thruthful.

Well, you can ask 10 different experts for how long you should hold your BTC, and they will give you 10 different answers. You need to reach on a figure, depending on the risk taking ability and the share of cryptocurrency in your portfolio. But personally, I think that holding these coins for 30 years is not very practical. Although Bitcoin is without any serious competition right now, it will be foolish to assume that the status quo will continue in the near future. After all, Bitcoin is a technological asset. New innovations frequently make the older ones obsolete, and at some point of time the same is going to happen with Bitcoin as well.

[bitcoworld]

You know this question is unavoidable...

DID I MAKE A MISTAKE INVESTING IN BITCOIN?

 A lot of people have heard of the benefits achievable with BTC investments and decided to invest.
 The recent market setbacks have brewed a very big question in the minds of new investors...

 What will be your response to this question?

Funny correlation as such posts like yours I saw them in 2013+2014 a lot on Reddit of people which started to get very uncomfortable with their Bitcoin investment but you have to understand how ProofOfWork works and you'll get again very very comfortable with your Bitcoin investment. Bitcoin is the digitalization of Gold and if we pick this fact then you should check the history of gold and its difficulty rising over the years. Check out what this caused to the price of gold. Bitcoin is designed the same way as every 4Years you have something called Halving on the Blockrewards which means the difficulty to mine Bitcoin gets bigger and bigger every 4 Years and this will increase the price of Bitcoin dramatically as the last 2 halvings showed us aöready.

[mazdafunsun]

I believe that BTC in long run i a excellent investment, but for short term it often is very frustaring and can be very emotional.
I suggest that do not invest if you want to make a fast return , because it most likely will end in emotional decision to sell at loss.

[bigmick44]

Firstly, one of the main reasons Bitcoin has risen in value so dramatically is its scarcity.There will only ever be 21 million Bitcoins.This tendancy will continue in the future for sure. Secondly, international payments can be time-consuming and surprisingly expensive.Bitcoin has fees too, but Bitcoin often offers lower fees than many foreign transfer institutions. Lastly, everyone loves gold, but is gold the best investment you can make today? We are living in a digital world. Bitcoin represents a new digital era. I think that in the future Bitcoin will be known as the digital gold and i think investing in bitcoin is one of the wisest choices I have ever made.

[Nadziratel]

Firstly, one of the main reasons Bitcoin has risen in value so dramatically is its scarcity.There will only ever be 21 million Bitcoins.This tendancy will continue in the future for sure. Secondly, international payments can be time-consuming and surprisingly expensive.Bitcoin has fees too, but Bitcoin often offers lower fees than many foreign transfer institutions. Lastly, everyone loves gold, but is gold the best investment you can make today? We are living in a digital world. Bitcoin represents a new digital era. I think that in the future Bitcoin will be known as the digital gold and i think investing in bitcoin is one of the wisest choices I have ever made.

Having 21 million pieces is actually a very nice illusion. As you know, usually 8 bits are used for Bitcoin. In this case, 21 million * 100 million should be evaluated. As such, there are many ways that Bitcoin's price can go.

21.000.000 * 100.000.000= 2 100 000 000 000 000.