Investment advice backed by real experience

[Magd solieman]

Hello all
Perhaps the topic I will present to you is not new, but it may benefit some of the new members of the forum and may remind some of the important details that we must pay attention to when investing in Bitcoin, as we all noticed that Bitcoin has evolved from the past and is spreading much more and a lot of people did not believe The strength and effectiveness of this currency may change their opinion after it proved its ability to save many poor families who resorted to working in the field of cryptocurrencies and also the Corona virus crisis, which proved that Bitcoin is able to provide financial assistance in periods of epidemics and can reduce the spread of the epidemic by reducing the use of paper currencies. Which is considered a major vector of the virus, and the great positivity by allowing people to manage their money during the quarantine period while they are at home, as many have invested their money and made profits, and the most important example of this successful investment is the young Syrian (solieman gassan), the son of my cousin residing in France, who He bought bitcoin for $ 6,000 when the bitcoin price was 7,500 before the halftime period this year, and he kept that amount until now. This and made a big profit, as the price reached about 11600 dollars, this experience made me happy because I chose the field of cryptocurrencies and based on this realistic experience I decided to share with the wonderful members of the forum 5 things that should be known before investing in bitcoin and I have benefited from an article I will put a link at the end Participation:

In the beginning we will ask some questions and answer them:
1- Why is Bitcoin's value rising
It is not surprising that Bitcoin, the global and safe currency that does not recognize borders, has caught the attention of investors
Bitcoin and cryptocurrencies are available to everyone and a great opportunity to be included in the new asset class that deserves to be given a degree of attention
Many consider investing in Bitcoin scary because the potential for growth is great with great risk as well, but it takes time and effort to understand how Bitcoin works.

2- Why invest in Bitcoin?
It seems silly to some people that one Bitcoin is worth hundreds of dollars
What makes Bitcoin valuable?
Bitcoin is rare and useful
Let's take gold as a currency, for example. There is a limited amount of gold on Earth.
The more gold is excavated and extracted, the less it is in the ground, and the task of extracting it becomes more difficult and more expensive.
The same goes with Bitcoin.
There are only 21 million Bitcoins, and over time the mining process becomes increasingly difficult.

Take a look at Bitcoin's inflation and supply rate:


Bitcoin monetary policy is transparent and neutral, and anyone can verify it.
Bitcoin's transparency is one of its most important features. We can see when a new Bitcoin has been created or how many Bitcoins are in circulation in the market.
Bitcoin can be sent from anywhere in the world to anywhere else in the world. No bank, entity or country can block transfers and payments or close your account. Bitcoin is anti-censorship money.
Bitcoin does not recognize geographic boundaries, and it also provides an opportunity to shake off states' failed monetary policies.
The Internet has made information available to everyone and easy to access. Bitcoin and digital currencies will have the same impact on the financial lives of individuals and the global economy.
If you understand the goal behind creating Bitcoin, it shouldn't be difficult for you to understand that investing in it might be a good idea.

Bitcoin price:
There is no official price for Bitcoin, its price is set by people willing to pay. The CoinDesk Bitcoin Dollar Exchange Rate Index is a good resource for the coin's value.
Bitcoin price indicators generally show the value of one bitcoin against any currency, but you can buy and trade less than one bitcoin on bitcoin and cryptocurrency trading platforms and sites.

3- How do you choose the right time to buy?
As with any other investment, nothing is certain.
In order to be able to buy a certain amount of Bitcoin, someone must be willing to sell it. And in every commercial transaction on trading platforms, the bitcoin seller bets on the possibility of the Bitcoin price falling or at least not going up, and the buyer betting on an increase in its price, and in this sense every buyer and seller bets on his knowledge. That is why do not take the information mentioned in this article as investment advice. You should do your own research before buying Bitcoin.
In general, since the creation of Bitcoin in 2009, the more its price has increased, it has increased at a very fast pace, and the lower the price has decreased slowly and steadily until it stabilizes.

4- How to invest in Bitcoins and where to buy it
The difficulty of buying Bitcoin depends on the country in which you live. Developed countries have more options to buy it and more liquidity.
CoinBaise is currently the world's largest Bitcoin buying platform and is only available in the US, UK, Canada, Singapore and most of Europe.
You can use this tool to find someone selling Bitcoin in your country

Important Tips:
It is important to understand how Bitcoin works before you invest any money.
Bitcoin and cryptocurrencies are still a new technology, and it can take you months to understand the real impact they can have on the world.
Take the time to understand Bitcoin, how it works, and how it differs from regular money.

Lessons learned from successful investors:
First: If you do not have even a small amount of anxiety over your investments, this means that you are not risking enough. You have to have enough money invested in order for you to have real interest. You will make the right decision when you participate in your investments with all your feelings, and then you will be able to monitor this investment and give it greater care.
Second: Get the profit as quickly as possible "Overcome greed"
Third: Beware of anyone who predicts the future, as all financial consequences are tolerable.

Note:
1- The first part of the topic was written by my personal efforts and I benefited from the experience of one of my relatives mentioned above
2- One of the articles was used from the following source:
https://www.bitcoindz.com/2018/09/investing-in-bitcoin.html

[Charles-Tim]

Nice article, and I hope people that are novice will start to liking bitcoin as soon as possible. Some people call bitcoin ponzi, while some people are so ignorant to call bitcoin scam, it will be better for them to wake up and know the real ways bitcoin can make them rich. Also, I like the fact you mentioned that people should know about it very well before investing so they can make profit from it.

1- Why is Bitcoin's value rising
It is not surprising that Bitcoin, the global and safe currency that does not recognize borders, has caught the attention of investors
Bitcoin and cryptocurrencies are available to everyone and a great opportunity to be included in the new asset class that deserves to be given a degree of attention
Many consider investing in Bitcoin scary because the potential for growth is great with great risk as well, but it takes time and effort to understand how Bitcoin works.

It will be good if you can edit and add bitcoin as a deflationary currency. That is why its price is increasing with the limited supply and increasing demands.

Bitcoin price:
There is no official price for Bitcoin, its price is set by people willing to pay. The CoinDesk Bitcoin Dollar Exchange Rate Index is a good resource for the coin's value.
Bitcoin price indicators generally show the value of one bitcoin against any currency, but you can buy and trade less than one bitcoin on bitcoin and cryptocurrency trading platforms and sites.

This is why I like bitcoin, it is not regulated by any central body, it is completely decentralized and its price is determined by total number of people that buy and sell it.

4- How to invest in Bitcoins and where to buy it
The difficulty of buying Bitcoin depends on the country in which you live. Developed countries have more options to buy it and more liquidity.
CoinBaise is currently the world's largest Bitcoin buying platform and is only available in the US, UK, Canada, Singapore and most of Europe.
You can use this tool to find someone selling Bitcoin in your country

There are many other ways to buy bitcoin, as for me, I prefer p2p exchanges, and I like exchanges that require no kyc, you can check the link below.
https://bitcointalk.org/index.php?topic=5224711.msg54697812#msg54697812

Also is the use of bitcoin ATM, but not yet so common, but the rate of its adoption is increasing.

[Darker45]

Lessons learned from successful investors:
First: If you do not have even a small amount of anxiety over your investments, this means that you are not risking enough. You have to have enough money invested in order for you to have real interest. You will make the right decision when you participate in your investments with all your feelings, and then you will be able to monitor this investment and give it greater care.

I am not so sure about this lesson.

Personally, I'd say study with great care what you are about to invest into, and when you finally make the investment, start small. Do not start with an amount that, if lost, you will lose several nights' sleep over it.

I'd say further that interest comes way before you even start pulling out money from your pocket.

[pooya87]

What makes Bitcoin valuable?
Bitcoin is rare and useful

there should be more emphasis on the useful part because being rare means nothing without it and the main reason why bitcoin is valuable (and continues to increase in price) is because of the utilities it provides alongside the uniqueness of it.
otherwise there are lots of altcoins that are a lot rarer than bitcoin while they have a lot less value which continues to decrease too.

[yhiaali3]

I was pleased with this experience that happened with your Syrian cousin, and since I am Syrian, I am very happy with this experience because it works a lot of encouragement for me, I got to know Bitcoin for a long time and has already changed my life for the better, especially in light of the current conditions in Syria from the war and the high cost of living Bitcoin has been the heavenly outlet for me to work from the internet and improve my economic situation. The conditions here in Syria are very difficult, but thanks to God, thanks to Bitcoin, my life has become better and easier and I can get a good income even though the transfer of Bitcoin to the Syrian Pound is not easy.

[joniboini]

The lesson about feeling is quite weird. Like darster I'm also not sure about it. Most OGs that I know spend thousand of dollars buying tokens that they believe have potential and then forget about it. They don't even care with the current price unless there's some fundamental changes with the projects that remove their potential.

I'd rather say invest comfortably and don't feel too anxious. Follow the development and don't care too much about price unless there's a fundamental change. Use money that you can afford to lose and assume that money is gone when you decide to invest.

[cryptoperkele]

Lessons learned from successful investors:
...
Second: Get the profit as quickly as possible "Overcome greed"
...

Surely you have been talking with traders then rather then investors, because that sounds like a trader talk. To Bitcoin investors this has been most certainly a long term investment and being greedy and patient has been a good combo in hindsight.

[davis196]

Thanks for quoting an article from 2018 that is repeating the same stuff that hass been written across the forum for the last couple of years.You are doing a great job adding value and creating constructive discussions.
Can't you just write "BUY and HODL?" instead of posting(or copy pasting) all that stuff we already know?
It was a chore for me to read the entire thread.Next time,try to write something with your own words and sharing your personal point of view.

[aioc]

Lessons learned from successful investors:
First: If you do not have even a small amount of anxiety over your investments, this means that you are not risking enough. You have to have enough money invested in order for you to have real interest. You will make the right decision when you participate in your investments with all your feelings, and then you will be able to monitor this investment and give it greater care.
Second: Get the profit as quickly as possible "Overcome greed"
Third: Beware of anyone who predicts the future, as all financial consequences are tolerable.

I love this part and this is very true you need to involve yourself, investing in Cryptocurrency is not you put in and expect profit kind of thing you
need to get it in your head by getting those anxiety you will always check the best action in a given situation in the market, you also need to moderate your greed as well know when is the right time to enter the market and exit as well avoid to much attachment to coins, you can still have them later.

[Mulann2]

very informative write up although i think it safe to say we can equally invest what we are capable of losing, making an investment that will bring such anxiety is not a good idea, to each with their investment approach and capability but to me a decent amount that won't hurt us too much is good, not investing in btc at all is what is an offense ^{just kidding}, anyways, it has been a pleasure to invest in btc.

[Yatsan]

I will admit this was incredibly too long to be read yet it was very informative and can be useful most specially for the part of the newbies who were just starting up their journey toward Bitcoin engagement which involves investment as well as trading. Despite of being too long, the basic concepts are the only essential things that can be gathered in here that most of us do already know and it seems there is nothing new to be learned other that the OP have shared his experience on Bitcoin. Overall, it was good, the informations are well stated but those can be explained in a short manner.

Lessons learned from successful investors:
First: If you do not have even a small amount of anxiety over your investments, this means that you are not risking enough. You have to have enough money invested in order for you to have real interest. You will make the right decision when you participate in your investments with all your feelings, and then you will be able to monitor this investment and give it greater care.
Second: Get the profit as quickly as possible "Overcome greed"
Third: Beware of anyone who predicts the future, as all financial consequences are tolerable.

I beg to disagree on the key points you have learned on your Bitcoin investment journey but I do gradually respect it since it was your own learnings gained from your own experiences. (1) Doing investments with Bitcoin is already taking risks for you are putting your money at stake. No matter how small or big your investment is, there is still risks associated on it. Better start small rather than putting at high stake for many people are failing into their Bitcoin experience that putting up high amounts will ensure them to gain higher profits. Giving your all in an investment will literally give you anxiety so better start up small rather than fall too high. (2) You will be missing out better opportunities once you pull out easily just to gain easy come and easy go profits. You cannot be profitable as always on that strategy but since it is your own experience then it's fine. (3) No one must really believe on predictions for we are relying on facts from news, price charts, believing on such is like putting up your journey into a fortune teller.

[Mahanton]

Thanks for quoting an article from 2018 that is repeating the same stuff that hass been written across the forum for the last couple of years.You are doing a great job adding value and creating constructive discussions.
Can't you just write "BUY and HODL?" instead of posting(or copy pasting) all that stuff we already know?
It was a chore for me to read the entire thread.Next time,try to write something with your own words and sharing your personal point of view.

Main reason why i do normally skip out on reading up these very long sentences yet you would able to spot it out that they had just been copied on a specific source.
Those key points are indeed just the basics which i do believe that everybody do already know and theres no need to repeat or not really that necessary but somehow
there are still people who dont know much on how things works which this might be a good read to them but overall it isnt really that necessary.

[Harlot]

When you are trying to answer the question !when is the right time to buy” you should at least give them an idea and not some kind of answer where they will have more questions because of it. Giving them an answer like “you should do your own research” will leave them clueless on where to start. So to give an idea for new investors I think the common rule of thumb is to buy near the support or when the price of Bitcoin had bottomed out since you are giving yourself and your position a margin of safety when it come to the next price action.

[tbterryboy]

The great risks is what stops so many people from investing, that’s why I usually tell some newbies I know that if they want to invest in Bitcoin they should have plans to invest and hold for a long time, that’s when you will see the benefits, because if your plans are to just invest and cash out immediately, then you’re probably going to be wrecked, unless you’re a professional day trader that knows how to predict the market, and buy and sell at the right time.

If not, the best is to hold for a long time and maybe if at the time you’re holding there happens to be a bull run, you can then decide for yourself whether it’s right to sell or not, and another good thing is to have target.

[crwth]

I like this very much with the successful investor's lessons. Especially the first part because knowing that you have invested an amount that you are worried about, I think it makes you care for it. One of the main reasons that I think it's going to help you is because of the risk you are facing. It somewhat feels like you are gambling to something that you have more control compared to casinos.

Overcoming greed is the challenge because one night, you can have over 40% profit. The next day you can have -20% of your total capital. That's just the gameplay that you need to understand before dwelling into trading.

Overall, it's still best to have first-hand experience while you are learning from other peoples successes' and failures to know what you are going to do in the long run.

[maydna]

Lessons learned from successful investors:
First: If you do not have even a small amount of anxiety over your investments, this means that you are not risking enough. You have to have enough money invested in order for you to have real interest. You will make the right decision when you participate in your investments with all your feelings, and then you will be able to monitor this investment and give it greater care.
Second: Get the profit as quickly as possible "Overcome greed"
Third: Beware of anyone who predicts the future, as all financial consequences are tolerable.

I love this part and this is very true you need to involve yourself, investing in Cryptocurrency is not you put in and expect profit kind of thing you
need to get it in your head by getting those anxiety you will always check the best action in a given situation in the market, you also need to moderate your greed as well know when is the right time to enter the market and exit as well avoid to much attachment to coins, you can still have them later.

I love the second part, overcome greed. It is what we need to prevent from small profit because the price is going down after touch the highest price. If you see the price start rally to the high price, you need to prepare with your own target price so you do not lose the chance to selling the coin at a high price. But many of us have greed at that moment, and we want to make the "very highest" profit instead of taking that profit. At that moment, we forget about the price movements, and the price will be down because the greed posses us. We must know when we can take the profit, and always prevent the greediness.

[buwaytress]

Yeah, sorry OP, I'm with pooya and the rest about learning from "successful investors". Success in 2017 was a matter of pure luck and timing. Any idiot, including yours truly, made money just because we bought running up to the bull and ATH. You would have had to be extremely unlucky to have bought something that did NOT pump late 2017/early 2018.

There's really nothing to learn, except patient and expectation management, and a good sense of humour for when your investments take the inevitable nose dive;)

[wxa7115]

Lessons learned from successful investors:
First: If you do not have even a small amount of anxiety over your investments, this means that you are not risking enough. You have to have enough money invested in order for you to have real interest. You will make the right decision when you participate in your investments with all your feelings, and then you will be able to monitor this investment and give it greater care.

I am not so sure about this lesson.

Personally, I'd say study with great care what you are about to invest into, and when you finally make the investment, start small. Do not start with an amount that, if lost, you will lose several nights' sleep over it.

I'd say further that interest comes way before you even start pulling out money from your pocket.

I also do not agree completely with the lesson, it is true that if you are not anxious about the money that you are investing or trading in the market most probably you are not risking enough money, that is true, but I do not see how that is a bad thing, I say this because most people have a strategy that if followed correctly it will make them money, however when they fail it is because they let their emotions take control of their trades.

They either get too greedy or too fearful to follow their strategy and as if on cue the market will move in the opposite direction they were expecting and they will lose a massive amount of money, so it is important to always be in control of your emotions and if your emotions become unmanageable then you need to reduce the amount of money that you are risking.

[wiss19]

Good post. As for the three lessons you said you have learnt from successful investors, I am not so sure about the number one;I thought we are all being told to be investing a little money, or should I say the most that we can take as risks, so why then do you think that people has to invest more money and take more risks to be successful? I don agree with that first point.

People should start small and gain more experience as time goes on, and whether they should invest more money it’s a decision they should make for themselves when they have decided that it is a risky they can take. You don’t just tell them to up their money and their level of risks for profit, they might lose it.

[KnightElite]

I'd like to give focus on the no.3 which is the choosing the right time to make investment. I'm sure that you heard this phrase which is "the best time to buy bitcoin is today", it is popular especially for the long term investors. For me that phrase is not right because there are always right time to buy bitcoin. Before you buy bitcoin you should first identify yourself. By identifying yourself you can know if you will do long term investing or you till do scalping wherein you will buy and sell it in a short period of time.