The One Biggest Lesson you've learnt from Bitcoins Investment

[LbtalkL]

The best thing I have learned I guess is to be patient don't be affected by bad news, fud, big dump, etc. If you look on bitcoin potential, in the long run, you will not be affected but we are just human sometimes fear of losing gets the best of us. I was trading before I bought it at a high price it went down I sold it fearing it will go deeper but it went up I was rekt completely. I guess patience is very important thing here in the crypto world.

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[Wenbing]

My biggest leasson was to not get involved in any schemes, ways of getting money fast, multiplying an investment and so on.
Whenever you send your coins to a centralized exchange, a cloud mining site, you name it, you put them at risk. Bitcoin is going to appreciate in value by itself, you don't have to do anything with it. All those things that people are told, that you have to put your money to work to profit, that you have to differentiate, are not worth a penny.

So, from a perspective of someone who held coins for 5 years and built a portfolio from scratch:
Don't try to reinvest your investment, don't overthink it. You're already in one of the most risky, volatile and also profitable markets in the world. Don't let some fools tell you that you have to day trade, gamble, buy altcoins, invest in a ponzi scheme, mine, cloud mine, stake, and so on, to make money!

If I'm to heed to your advice based on your experience the question will be what will you rather advice me to do if I have a little funds I want to grow?

[raidarksword]

Bitcoin is like a riding a roller coaster it comes ups and down, it also shows who has the strong hands despite the volatility it possess and how it can bring a good investment into a downfall in just a split of seconds.  I, personally would say that the biggest lesson i learned from this, is that i should have more a strong holder since i started on crypto. I would believe holders are the winners all the time because they believe in the power of crypto currency and how it can make them more successful like everyone else in the industry.

[Zeke_23]

One biggest lesson I've learnt from bitcoin investment was, I should not make things rush. I always need to be patient and wait for the right time. There is no such thing as easy money, all will come in the right process and the right timing.

[Vannie12]

Biggest lesson i have learned is to hodl as long as you can hodl. Don't sell if it is unecessary. Though bitcoins are truly currencies that is very useful due to its decentralization, I suggest use it wisely.
When you sell or spend, you will have that feeling that it is scary to invest again. Do everything with precautions.

[imstillthebest]

its not based on speculation but its based on your asset because speculations are not the ones that dictate if what will the price will be   .

 not all people will easily believe on a mere speculation  imo   . like for example me im an hodler of btc and i wont sell if  i heard a bad speculation but i believe on the techology behind on my coin  . now im correct because btc still keep on increasing up to this date   . i think i will consider that as my lesson too when investing   .

[Lorence.xD]

One biggest lesson I've learnt from bitcoin investment was, I should not make things rush. I always need to be patient and wait for the right time. There is no such thing as easy money, all will come in the right process and the right timing.

I thought that having patience and not rushing things was enough but I think that as I further learned more about cryptocurrency, finance, and myself, the real lesson that I learn is not patience but to create sound decisions, having patience without a clear plan is like fighting a war without guns. At first I thought that holding on to my crypto is enough but as I continue learning, my perspective has changed, instead of holding, I could use it to invest in something and the return will be used for trading, I am still learning but a clear has never been closer for me.

[mindrust]

My lesson was:

Never ever invest more than you could afford to lose.

I thought I knew this rule but guess what, I didn't.

[Botnake]

My lesson was:

Never ever invest more than you could afford to lose.

I thought I knew this rule but guess what, I didn't.

This is just a rule, it's always up to us if we follow it or not, and we are just humans, sometimes we make mistakes that we only realize after the action has been made. This is the golden rule actually, if we follow it then we will not experience any problem, but then sometimes we need to take a higher risk for a higher goal.

[Alucard1]

One of the biggest lessons for me is to grab the opportunity.

I am always investing and I want the price of bitcoin to go down too low before I invest, for example when the price of the bitcoi. reaches $6,000 I will not still invest because I am thinking that it would go lower, then the next day it reaches $5000 but I will not still invest because of thinking to if goes lower but in the next another day it goes up and back to $6000 so I get sad but I am still hoping that it would go down, but it goes up again and in the end, I didn't invest because it is now high.

[carlisle1]

What i have learn in Bitcoin investing is no can can permanently stand in the word HODL,because i have been holding and stays strong for years until this Pandemic comes and forces me to withdraw half of my holdings for family support.

My lesson was:

Never ever invest more than you could afford to lose.

I thought I knew this rule but guess what, I didn't.

So have you invested some amount that you cant afford to lose then?lucky that i never did this because all of my investments here are money that i gain outside of my obligation to my family.

[Eugenar]

One of my biggest lessons in investing is patience. We should have this kind of characteristic for us to earn money from investing. Being inpatient would lead us to earn lesser than those people who can wait for a long time.

We should need patience in order for us to make money from it, as we all know bitcoin is volatile so the price of it changes time by time, and one thing that makes me so inpatient is that when the price of the bitcoin goes down. Example when I invest when the price of the bitcoin is $6000 and then in the other day it reaches $7000 I will can out it because of thinking that it would go down again but in the next another day it reaches $10000 that is why I get sad because I lost the chance because of being inpatient.
I have learned also that we should try the long term investment.

[onrise]

One biggest lesson I've learnt from bitcoin investment was, I should not make things rush. I always need to be patient and wait for the right time. There is no such thing as easy money, all will come in the right process and the right timing.

Patience is the key to many thing and in crypto it is more so essential because the volatility which involves in bitcoin is very high and so you take decision in a rush it can lead to heavy losses within minutes because market can rise easily couple of hundred  $ within few minutes as well on the very best day. So we should not be doing anything in hurry and should have a goal attached to any investment.

[maydna]

Don't panic if you see the price drops, especially when you woke up

I learn that from my experience before, and I still trying not to panic even if sometimes I feel it is hard not to panic. Besides don't panic, never trust other people before you can search for the other news about bitcoin, so you will know if that news is real or not.

I learnt about investing bitcoin on the bitcoin website, and later, I know that the website is HYIP. That makes me lose some bitcoin because, at that time, I don't have the right information about what I am going to do with my bitcoin.

[bitbunnny]

My learned lesson is that surprises are always possible. No matter how prepared you think you are and you think that you know everything that can happen, the plan can always go wrong so, always have a back up.
But it's very important to keep the cool head and not to panic, otherwise you can only make things worse.
In trading and investing you learn all the time, every day so it's important to keep all this knowledge always in mind.

[LogitechMouse]

Investment always have element of uncertainty. Its always based on speculation of success which may not always be so.

So, its a game with two tails....success and failure.

Investing in Bitcoin is based on speculations and it is not like stock that is not that volatile.

Anything can happen with Bitcoin so investing in Bitcoin has risk as always but it is higher than most of the assets where we invest our money. I think the biggest lesson that I've learned is the act of being patient when you are holding coins at a loss. I'm not buying Bitcoins right now since I always got some satoshis from my current signature campaign but when I was still new to crypto, I tried to invest a small amount of my money and bought Bitcoin. Since I was new at that time, when I saw that my total money is in profit already I sold my Bitcoin at that time and weeks after it went up so much. If I stayed patient at that time and kept my Bitcoins, I should've got more profits at that time.

[Reatim]

Nothing more than Greed mate,because when  am new here i seek mostly for double my money and not accepting small rewards from my trading and that made most of my trading in the fast as failure.

Now i have passed that attitude and all i do is to keep the patience and also i adopt Holding for years now and yes i mostly made money ,though last year i have made some mistakes again for not selling when the price of bitcoin hits 14,000$ in september but it’s ok because i know there is much good things to come in the near future.

[DabsPoorVersion]

What I learned was I don't have high expectations with my investment.

Unlike before, what I think about bitcoin when you invest was there is a guarantee that you will make a profit. I realized that this is not how bitcoin works. Bitcoin is an investment tool and not an easy source of money.

[online73]

Hello everybody. For me, the most important lesson I learned from bitcoin investment is the science of patience. More patience is needed here than in other, more common markets. Anyone who knows how to endure - will certainly achieve his goal. The rest will follow. Do not know how to patiently observe the market - even the most experienced investors will burn out. In my experience, there is always the opportunity to buy bitcoin at a low price at least once a month. And only a patient person will share his finances so that he would not spend all at once, but that each subsequent purchase would be at a better price. But not everyone is ready to endure for months, and in some cases for years.

[Gheka]

Hello everybody. For me, the most important lesson I learned from bitcoin investment is the science of patience. More patience is needed here than in other, more common markets. Anyone who knows how to endure - will certainly achieve his goal. The rest will follow. Do not know how to patiently observe the market - even the most experienced investors will burn out. In my experience, there is always the opportunity to buy bitcoin at a low price at least once a month. And only a patient person will share his finances so that he would not spend all at once, but that each subsequent purchase would be at a better price. But not everyone is ready to endure for months, and in some cases for years.

I accept that patience is one thing we learn from investing in bitcoin but the biggest lesson I feel is probably the boundary between profit and risk in an investment, fear in the mind or greed in human nature, all the worst of mankind is fully revealed here. You and many people can look back on your path to investing in bitcoin, sometimes we are afraid of losses, sometimes we are excited about profits and become greedy then offer emotional handling, loss and profit will occur in a decision, investors need to control their psychology