Bitcoin Legends and Veterans. Seeking wisdom...

[Cling18]

Gain enough knowledge and know the risks of crypto investment. Learn how to deal with the market and take its volatility as an opportunity to gain a good profit. Keep in mind that investing and trading here isn't all about gaining profits because there will be times where we could experience mistakes and downfall which is part of our learning process. Have patience and avoid listening to manipulators so you'll never have regrets in the future.

[vapourminer]

1st thing is remember to spend only what you can afford to lose.

think long term (4-5 years).

dont chase perfection and trying to time a top/bottom exactly just getting on the right side of a buy/sell can be good enough if you can do it fairly consistently.

when in doubt, walk away for at least a day. or maybe a week or more. no checking prices/forums/etc. clear your head and take another look.

dont trade on emotion.

be aware it can all crash to zero so TAKE PROFITs here and there. it makes multi year bear markets waaaay less stressful.

obligatory not advice although the above worked for me.

edit: the above applies to bitcoin. since i dont do shitcoins (aside from mining shitcoins to trade for btc) i have no suggestions for altcoins aside from staying away from them. most are junk and will not be around long term.

[boyptc]

HODL works.

That's the encouragement that I'll tell my old self for which is very effective. If you're treating yourself as an investor of bitcoin then you should consider yourself as a long term investor.

It's easy and you don't have to take all the pressure that everyone gets upon market crashes.

Classic Wisdom. Thank you very much for your Wisdom. Currently i have nothing to HODL. Just feeling the waters to find my crypto home sorta speak. I am inspired by Bitcoin and want to find my place in it. Getting feedback from people like you reaffirm there is still great promise for the future.

You're welcome.

Study it first and take note of all of those replies on this thread so that you can assess yourself if you're going to be fine with the risk that you'll bear with it.

It's a worth it journey to me even I've done too many mistakes and series' of panicking.

[isaac_clarke22]

Well I wouldn't introduce the same on how my friend introduced me here. I would introduce them that this isn't stock market that you're messing around. This is unstable market that you shouldn't let your emotion get by. I would emphasize that the unstable word is a good thing because people tend to think that unstable along with finance is a bad thing.

[stomachgrowls]

•Dont get Fomo'ed / FUD
•Dont think for Bitcoin to be magic internet money
•Dont Buy high Sell Low
•Dont listen into others ideas and shill - Always go with your own decision based on analysis
•HODL if you do aim for long term
•Dont be greedy and always set goals
•Always be wary on market fundamentals.

[Dread Pirate Roberts]

Some of you have been here from the start. What advice would you give someone just finding Bitcoin. They see the promise of Bitcoin.

When people start coming at crypto most of them including me are also interested with other crypto coin except crypto . and imagine if their buying that coin will had the same future like bitcoin . this happened for some shit coin who is get pump and dump in market. and many people who are new into market fall into it . do research about anything your invest in.

[verita1]

It is difficult for newbies to understand the risk of investing in bitcoin. I would start with the most basic invest the amount that you do not mind losing, if the investment is long term it is ok. If you want to earn on margins, learn some trading techniques to earn small margins to accumulate as a short-term investment.
I would also tell you that bitcoin must pass a lot of tests to survive but not to worry because bitcoin is the hero of the movie.
Something like the bitcoin holding process described here:

Yes hodling is hard, very hard, and when you made it through people will say you were lucky .. the irony.

https://twitter.com/100trillionUSD/status/1398234417429155840?s=19

[kryptqnick]

I haven't been here from the start, but it's been around 6 years of BTC usage for me. Here are a few things worth remembering:
- Be careful with your money. Make sure you have your passphrase stored in multiple places, use only reputable storage providers and when using websites, double check their addresses not to become a victim of phishing.
- Bitcoin price is very volatile, and you have to get used to it.
- Only invest what you can afford to lose. And when doing it, buy low and sell high.

[Obito]

•Dont get Fomo'ed / FUD
•Dont think for Bitcoin to be magic internet money
•Dont Buy high Sell Low
•Dont listen into others ideas and shill - Always go with your own decision based on analysis
•HODL if you do aim for long term
•Dont be greedy and always set goals
•Always be wary on market fundamentals.

I would like to add that a newbie should focus on only one cryptocurrency before branching off to other crypto, I suggest starting with bitcoin or any stable coin. I don't necessarily agree that you will do a buy low sell high scheme but if you habe no crypto in the first place, you just have to enter the market but if you already have some, you might want to do it since you won't get left behind even if the prices go high.

[jrrsparkles]

Buy bitcoins and wait for years! There is no shortcut or free money. Newbies are attracted towards the high return investment schemes but in the end they are getting scammed and call the bitcoin as scam.

Make yourself a knowledgeable person by reading a lot and everything is available for free in this internet world.

[BlackHatCoiner]

What advice would you give someone just finding Bitcoin.

This forum.

No seriously, I'd suggest him to visit bitcointalk. What would be a better place than the one made by the creator? The internet is full of garbage articles that will misguide him and make him believe that Bitcoin doesn't worth anymore or that it won't worth in the future, just like they always did. He has to stop seeing Bitcoin as “another” cryptocurrency. If he looks it that way, he'll never understand the importance of it, that is beyond the its smart technology.

My next advice would be to understand the technical background of Bitcoin. Only that way, he'd start having critical thinking.

[Kong Hey Pakboy]

Buy bitcoins and wait for years! There is no shortcut or free money. Newbies are attracted towards the high return investment schemes but in the end they are getting scammed and call the bitcoin as scam.

Make yourself a knowledgeable person by reading a lot and everything is available for free in this internet world.

Fool proof and proven strategy, I have done this for about 4 or 5 months and I was able to get a considerably high profit. I had my encounters with this HYIP back then but now I know better and good thing that I didn't get scammed by those schemes because I have people that I ask questions with to consult on what to do next.

[jrrsparkles]

Buy bitcoins and wait for years! There is no shortcut or free money. Newbies are attracted towards the high return investment schemes but in the end they are getting scammed and call the bitcoin as scam.

Make yourself a knowledgeable person by reading a lot and everything is available for free in this internet world.

Fool proof and proven strategy, I have done this for about 4 or 5 months and I was able to get a considerably high profit. I had my encounters with this HYIP back then but now I know better and good thing that I didn't get scammed by those schemes because I have people that I ask questions with to consult on what to do next.

So lucky you are because you entered into the market at the perfect time but not everyone can do that which is the reason why they need to have enough patience until their goal price attain or else they will lose. Investments are really for long term people or else they should do some form of trading like day trading which is good for the short term profits.

[AicecreaME]

There's nothing much to do, to be honest. You have to be chill and relax whenever the price correction happens. You're not going to panic if you know what's going on, so always read and research about what you're doing and what you should do during price correction. Another thing is to buy the dip, that's a great opportunity when it comes on huge profit making in the long run. Patient is a must.

[serjent05]

Remember way back. Your the Noob. How would you encourage yourself?

Bitcoin and blockchain is an emerging technology, currently, it is the impending trend of the financial institution,  I would say before anyone to dive in, they should do their research deeply.  Don't ever controlled by greed and the thought of getting rich quickly.  Do not also believe in anything without verifying the facts.  Stay rational and calm.  Many will take advantage of us being naive but thru deep understanding and verification we can avoid uncertain and bad circumstances.

[Chathusand]

Bitcoin is an open investment vehicle that is owned by many ordinary people like you and me, as well as numerous institutions. Human nature always creeps in as the number of people who possess Bitcoin grows. We are constantly bombarded with bogus news, FOMO, FUDS, and everything in between. Bitcoin has evolved into a thrilling form of entertainment. Gloom and despair will always be a part.

[Chathusand]

Bitcoin is revolutionary, yet, as with any man-made innovation, there is no such thing as perfection, especially in light of the current situation. I'm more concerned about the amount of energy required to mine Bitcoin, which is known to be so large that many people are skeptical of its feasibility and contribution to environmental destruction.

[BuNga_cute]

Remember way back. Your the Noob. How would you encourage yourself?

Bitcoin and blockchain is an emerging technology, currently, it is the impending trend of the financial institution,  I would say before anyone to dive in, they should do their research deeply.  Don't ever controlled by greed and the thought of getting rich quickly.  Do not also believe in anything without verifying the facts.  Stay rational and calm.  Many will take advantage of us being naive but thru deep understanding and verification we can avoid uncertain and bad circumstances.

Bitcoin is a new technology, so it is only natural that many people still need education related to Bitcoin. We really have a lot to learn about Bitcoin
and blockchain technology, lest we be influenced by the FUD that is widely circulating regarding Bitcoin. Do not let us be influenced by other people
when investing in Bitcoin too, and also we must be able to control ourselves when investing in Bitcoin. We must be aware that investing in Bitcoin
cannot provide instant profit, it is a need long process. So patience is needed when we decide to invest in Bitcoin.

[btc78]

Some of you have been here from the start. What advice would you give someone just finding Bitcoin. They see the promise of Bitcoin. They are excited but just need some guidance on a good place to start. How can someone finding Bitcoin today have a place in the bitcoin realm? Seems Like doom gloom and negativity Rules the space. Anyone have some optimistic insight? Remember way back. Your the Noob. How would you encourage yourself?

Firstly Bitcoin did not promised everything instead it is us who take it as promises.

Second is Never become greed and stupid , take a profit even how small it is than losing .

Third Life will never be the same when you learn how to manage bitcoin and how to deal with this for their future and for being beneficial.

Bitcoin is an open investment vehicle that is owned by many ordinary people like you and me, as well as numerous institutions. Human nature always creeps in as the number of people who possess Bitcoin grows. We are constantly bombarded with bogus news, FOMO, FUDS, and everything in between. Bitcoin has evolved into a thrilling form of entertainment. Gloom and despair will always be a part.

Thats why study and learning is what we need firs before engaging on this.

[FutureSeeker2021]

I would also like some wise advice. But it seems to me that hardly anyone will share their secret of crypto trading.

Buy Low,  
Hold,
Hold some more,
Hold a little longer,
Price finally goes up,
and then sell it like it is on Fire.
Wait for the Price Crash
& Repeat.

Happy Trading .  

I will give it a try .Crossing fingers