What should be my fear?

[Mophymac]

As a newbie who has a little knowledge of cryptocurrency but much interest in purchasing bitcoin for a long time Hodl, since the purchasing capital is not included in my spendable budget and the price of bitcoin is not very high at the moment 16k, what should be my fear?

Pls, advise me.

[1715096323]

1715096323

[cabron]

As a newbie who has a little knowledge of cryptocurrency but much interest in purchasing bitcoin for a long time Hodl, since the purchasing capital is not included in my spendable budget and the price of bitcoin is not very high at the moment 16k, what should be my fear?

Pls, advise me.

If you believe the price will go more than $60k in the next bull run, nothing to fear after all this is your extra money as you said.

Although there are unknown things that might happen like your government banning BTC. It's hard to make transactions if your government illegalizes BTC. You plan to hold for a long term, there is more to fear if you put your BTC on the exchange.

[mocacinno]

As a newbie who has a little knowledge of cryptocurrency but much interest in purchasing bitcoin for a long time Hodl, since the purchasing capital is not included in my spendable budget and the price of bitcoin is not very high at the moment 16k, what should be my fear?

Pls, advise me.

On a technical level, i think everything is a secure as it has been for many, many years...
When it comes to fears, i'd basically put them into two category's:

• The fear of getting robbed or losing your keys... You can decrease those odds by not storing your funds on an online wallet (or exchange) but rather learn how to generate a proper airgapped setup, a paper wallet, or purchase a (relatively cheap) hardware wallet. If you only hold a limited amount of funds, an open source, peer-reviewed, signature checked, desktop  wallet (like bitcoin core or electrum) on a CLEAN pc with a decent firewall and AV *might* be sufficient. As for not losing your keys: it might be a good idear to store a copy in a safe, offline storage (if your private keys or seed from an airgapped setup, a paper wallet or a hardware wallet touch a device that's connected to the internet, you might have to start over)
• The fear of BTC's price plummeting and/or staying low for an extended period of time... Well, we're in a bad economic climate... Stuff happened... It's possible that the prices will stay low for a long, long time (and even drop further). You'll need strong hands, and you always have to realise there's a possibility you'll lose your investment.

[Despairo]

1. You can buy Bitcoin in fraction, so you don't need to buy the whole coin. It doesn't make sense if you don't want to get 0.005 BTC but want to get 5000 shitcoins because of the amount, it's pointless.
2. Before buy Bitcoin you need to buy hardware wallet first e.g. Ledger or Trezor.
3. Avoid all centralized exchanges e.g. Binance, Coinbase, Huobi since they have KYC mandatory rules. Just use decentralized exchange e.g. Bisq.
4. Learn about privacy concern, you need to use mixer (but make sure you use the reputable one e.g. Chipmixer).
5. Hold Bitcoin at least 4 years if you want to get high return, don't sell because of panic.

[Yatsan]

Your fear? Unexpected things to come that will coinsidently push you to liquidate your asset even if the market price is low. We never know when will such thing occur. No matter how we plan things out such as deciding to hold and disregard the idea of pulling it out unless satisfied, there are just instances or circumstances which will test the decision making and patientce of an investor not only in this industry but also to others. But in line with this industry wherein market price of cryptos are too volatile, long term hold would be worrisome; when would you sell? There will be times prices would break ceilings, would you still hold? what if it fall? would you still wait for another ATH? It is all about how you would handle your assets as an investor.

[hopenotlate]

As a newbie who has a little knowledge of cryptocurrency but much interest in purchasing bitcoin for a long time Hodl, since the purchasing capital is not included in my spendable budget and the price of bitcoin is not very high at the moment 16k, what should be my fear?

Pls, advise me.

Hello there, if you are going to buy a significant amount of BTC and you plan to hold them for a nice bit of time the best advice I may give is buying an hardware wallet and store your Btc on it : if you are buying lets say >$1K of Btc investing in a hardware wallet already makes sense.

Of course check some youtube videos ( quickest way I can suggest) on how to set it up securely.

[PrivacyG]

You can fear losing your Bitcoin recovery phrase.  Or getting hacked.  Or a Bitcoin crash.  Find the reasons and eliminate the causes.

The easiest way to avoid most fears and risks is go get yourself a Hardware Wallet.  I suggest a Trezor.  If you are not going to store Altcoins on it, just buy a Trezor One.  Hold all your balance there.

Then, go to your local hardware store and buy everything needed to build your own Recovery Seed storage out of washers.  (tutorial here)

Always check addresses before sending coins.  Character by character.  Make sure it is correct.  Better spend a minute checking it twice than spend an year in grief over your lost coins.

Use your brain cells.  Never believe anyone is going to double your money.  Never believe anyone is going to do a miracle for you.  If you have doubts, ask and Bitcoin Talk will reply.  Common sense is very important.

Finally, avoid holding on Centralized Exchanges balance you are not planning to use.  Read their Terms of Service, some of them can seize funds until you provide personal documents.  Accept that Bitcoin is very volatile at times and we currently are in one of these 'times'.  Volatility means upwards or downwards.  If you do not accept the risk, then do not invest.  There is no guarantee your money will be doubled.  It is your assumed risk.  If you need a motivation, take the Bitcoin all time chart and stare at it.  A crash will not look that bad anymore.

if you are going to buy a significant amount of BTC and you plan to hold them for a nice bit of time the best advice I may give is buying an hardware wallet and store your Btc on it : if you are buying lets say >$1K of Btc investing in a hardware wallet already makes sense.

Disagree.  This is like saying do not buy yourself a wallet if you only hold $10, just keep the money in your front pocket.  I suggest purchasing a Hardware Wallet regardless of the sum you invest.  $250 invested right now will be worth about $1,000 if Bitcoin jumps back to All Time High.  Why risk losing a future $1,000 when you can spend $310 now and safely have a thousand at the top.

-
Regards,
PrivacyG

[GiftedMAN]

As a newbie who has a little knowledge of cryptocurrency but much interest in purchasing bitcoin for a long time Hodl, since the purchasing capital is not included in my spendable budget and the price of bitcoin is not very high at the moment 16k, what should be my fear?

Pls, advise me.

Well, I think you should get more knowledge even as you plan to venture into long time investments because you may end up losing all your funds if you don't have the right knowledge required to secure your funds. Apart from securing your funds you shouldn't have any fear of investing in bitcoin since you don't want to spend the money at the moment so I think your decision to buy bitcoin now that the price is 16k is a good one because the bull run may begin in 2023 and the price may hit 50k or 60k and you will have ×3 of your capital.

[TheUltraElite]

Your lack of knowledge and experience can make things tricky here, but dont let that become an obstacle to your investing ventures.

Firstly learn how crypto works and its pros and cons against fiat. How to secure your wallet should be your biggest objective because losing your private keys like a fool is a common mistake many newbies do by falling in the traps of scammers lurking everywhere on the net.

Once you have mastered this, you should look into whether you have the trader's mindset - do dummy trading to get a feel of how trading works. Remember that trading is not for everyone. Buying at low and selling at high is often mistakenly done in the opposite manner.

At 16k the price is hovering, I would suggest you to work on your knowledge and dummy trading first. Dont just jump into it. You will get a lot of bear markets in every few months to buy again. Dont go into the "fear of missing out FOMO".

[Odusko]

As a newbie who has a little knowledge of cryptocurrency but much interest in purchasing bitcoin for a long time Hodl, since the purchasing capital is not included in my spendable budget and the price of bitcoin is not very high at the moment 16k, what should be my fear?

Pls, advise me.

Since you mentioned that you will be holding Bitcoin, a guess that you are going to hold your Bitcoin for the long term.
And if that is true you should work on your motivation and knowledge toward Bitcoin and decentralized alternative financial toolBTC, that way you will reduce your level of panic when the price drops, and also be able to hold when the price increases so the best long term holding tool is the time frame.
That way, you will not act out of your plan, this is the secret to long-term holding.

[Bitstar_coin]

As a newbie who has a little knowledge of cryptocurrency but much interest in purchasing bitcoin for a long time Hodl, since the purchasing capital is not included in my spendable budget and the price of bitcoin is not very high at the moment 16k, what should be my fear?

Pls, advise me.

If your goal is long term investment I don't think there is much to fear, btc is already at a low price, you are not buying from ath which would have been fearful because it price may likely drop but the situation is quite different and this is the best opportunity to invest in btc. So to me, I don't think there is much to fear at this point.

[Frankolala]

As a newbie who has a little knowledge of cryptocurrency but much interest in purchasing bitcoin for a long time Hodl, since the purchasing capital is not included in my spendable budget and the price of bitcoin is not very high at the moment 16k, what should be my fear?

Pls, advise me.

You need  first have the proper knowledge of bitcoin and  its decentralization system so that you don't mistake its concept for other altcoins,though they are all cryptocurrency but not as unique as Bitcoin. Also learn more on wallets and how to keep it secure from third parties because you will need it for your Bitcoin hodl since you said that you want a long term hodl or else you might loose your coins

After investing you can use DCA if possible,the price of bitcoin is volatile so you need to be strong with your hodl and don't panic if the price goes below the present price,or else you might end up selling at a cheaper rate,bitcoin might be facing the worst bear market but just believe it will hit the bull market again and nobody knows when.

[akuntester1]

As a newbie who has a little knowledge of cryptocurrency but much interest in purchasing bitcoin for a long time Hodl, since the purchasing capital is not included in my spendable budget and the price of bitcoin is not very high at the moment 16k, what should be my fear?

Pls, advise me.

It seems that you still have a lot of doubts and fears about investing, well that's natural.
My advice is don't be afraid to start something that you believe will work for you.
But remember never to start something without basic knowledge, you have to know where you are going next.

I have a suggestion so that you can deepen and increase your knowledge about investing in cryptocurrency.
About how, what is needed and what risks will be faced.
In this modern era there are many ways to learn about it, one of which is from online articles, YouTube or other social media.
You will also gain a lot of knowledge by viewing and participating in several discussions in this forum according to your interests.
With time you will get answers to all your doubts if you have more knowledge.

Don't hesitate to start investing, when I first started investing I wasn't confident and I had lots of doubts and fears.
But I personally am very motivated by a sentence "Just start first".
I think that the saying "Just start first" is also true, because without starting we will never take a step at all.

[Casdinyard]

As a newbie who has a little knowledge of cryptocurrency but much interest in purchasing bitcoin for a long time Hodl, since the purchasing capital is not included in my spendable budget and the price of bitcoin is not very high at the moment 16k, what should be my fear?

Pls, advise me.

Depending on where you are at, there could be strictly imposed rules against the use of bitcoin, or at least some tithings required to pay for investments like these. You also have to take into account the fact that bitcoin's market is volatile, so there are times that it could fluctuate hard and that may scare the hell out of you. Last but not least that you should fear, is the fact that such fluctuations in price could cause serious dents to your investments and may even zero you out, but as you said this is not included in your spendable budget which means to me that this is money you do not need badly, so this one you shouldn't fear so much. What I would suggest besides taking advices from anonymous guys on the internet, is to take your own time to learn about bitcoin, its structures, and how you can profit from it, there are a lot of readily available learning materials in the internet at your disposal, use them to your liking.

[Blawpaw]

As a newbie who has a little knowledge of cryptocurrency but much interest in purchasing bitcoin for a long time Hodl, since the purchasing capital is not included in my spendable budget and the price of bitcoin is not very high at the moment 16k, what should be my fear?

Pls, advise me.

Well, if you are buying at these prices I believe you are doing good as Bitcoin is pretty undervalued. I believe that we have hit a bottom and an accummulation phase may be ongoing, so I dont think you will be seeing such low prices so soon, or if ever again I might say. Your worst fear should be about the same every Bitcoin Holder has: see it going to 0 which I strongly do not think ot will.

[TimeTeller]

As a newbie who has a little knowledge of cryptocurrency but much interest in purchasing bitcoin for a long time Hodl, since the purchasing capital is not included in my spendable budget and the price of bitcoin is not very high at the moment 16k, what should be my fear?

Pls, advise me.

Well, if you are buying at these prices I believe you are doing good as Bitcoin is pretty undervalued. I believe that we have hit a bottom and an accummulation phase may be ongoing, so I dont think you will be seeing such low prices so soon, or if ever again I might say. Your worst fear should be about the same every Bitcoin Holder has: see it going to 0 which I strongly do not think ot will.

Going down to 0 is not very likely to happen. It may go down its value just like now, but attaining the zero value is far from happening.
You can ask yourself, why? Because the adoption is increasing and more people are getting into this market.
So the possibility is not going to 0, but rather it will further increase in the very near future.
One thing that the OP need to take care of is where will he send his coins after purchasing btc, is it his own wallet or will he store it in a custodial wallet?
For the OP, better store it in your own wallet. You can use electrum if you need small space. As long as you have your own keys, and you know how to secure it, that's much better than sending it to any custodial wallet, in which, you have no full control of.

[Iroh]

As a newbie who has little knowledge of cryptocurrencies, I think you should first know that there is a clear difference between bitcoin and other alternate coins. And I think as a newbie, you should first focus on bitcoin and what it entails. You should try to understand the difference between bitcoin and other alt coins and familiarize yourself with them before venturing into it.

You should also know that exchanges are not safe for keeping and holding your coins. Don’t make the mistake of storing your coins on any exchange no matter how legit, promising and secure it may seem. Newbies as well as people that should know better commonly make this mistake.
You should have a budget and should not invest more than you can afford. With all investments, you would see profit on the long run. So, I’m glad you intend holding for the long run.

Here’s my addition to the opinions you’ll get. I hope you sieve through and choose wisely.

[Mpamaegbu]

Your greatest fear should be losing access to your wallet. Of course, you should be using a wallet you've the Pkey since you intend to hodl, knowing that if you don't have the private key (Pkey), the wallet shouldn't be deemed yours. Losing access to my wallet used to be of nagging concern to me during my noob days. On the price, buying now should be seen as you getting a discount from Satoshi himself. This price level of $16k is a very fair one. Even if price dips below it now after you've bought, don't worry you got in at a good place. Next halving will expectedly push Bitcoin price above the last ATH.

[bitpotter]

Your greatest fear should be losing access to your wallet. Of course, you should be using a wallet you've the Pkey since you intend to hodl, knowing that if you don't have the private key (Pkey), the wallet shouldn't be deemed yours. Losing access to my wallet used to be of nagging concern to me during my noob days. On the price, buying now should be seen as you getting a discount from Satoshi himself. This price level of $16k is a very fair one. Even if price dips below it now after you've bought, don't worry you got in at a good place. Next halving will expectedly push Bitcoin price above the last ATH.

I once had the experience of losing a private key, but it wasn't pkey bitcoin but another altcoin. Even though it wasn't much but was very upset and angry at the difficult situation. But I finally let it all go and went back to trying to think normally. This incident also made me realize how important it is to store pkey in multiple places so that if one is lost I still have a backup in another safe place.

[franky1]

risk awareness
1. if your not storing bitcoin on your own privatekey/seed(secret of bitcoin address)  you are not storing your bitcoin
dont trust other systems or networks using the brand of bitcoin.

2. if its not using bitcoin blockchain, its not bitcoin. bitcoin never leaves the bitcoin blockchain. so custodian services with a exchange balance.. is not rela bitcoin. side chain, subnetworks swapping units on other networks are not using bitcoin

3. trying to get value out of those other systems/networks are not 100% guaranteed. so get the coins out of those systems quick and then be safe once you have coin on your bitcoin address

4. as for when best to mine. think logically.
if you can find the most efficient and cheapest tool/service/function on the planet to acquire bitcoin. thats the base bottom value..
if you look at the most expensive method to get bitcoin on the planet. thats the premium.. then look at where the price sits within that window

EG
|||||||||||||||||||||||||   $0 to $100k
XX|||||||||||||||||YY      $15k-$75k (13month of the market)
    ^

XX value border
YY premium border
^ current price
as you can see its in the green of the green and at the low of those

[Captain Corporate]

The biggest fear ever is not being able to provide more capital. If you end up just buying once, that's a problem, if you could find more income or just save a bit more each month, that would be a lot better for you and you could DCA in case the price drops further. However, if you can't do that, then don't buy it all right now, buy it in pieces, even though it is very low right now, and it would probably fine, its still better to buy piece by piece. Another issue is that everyone says they are "long term hold" but then they see it drop %10 and suddenly sell, or see it go up %50 and sell, if you are long term then find a way to lock it for long term so that you wouldn't actually sell it as soon as you see some small profit.

[franky1]

The biggest fear ever is not being able to provide more capital. If you end up just buying once, that's a problem, if you could find more income or just save a bit more each month, that would be a lot better for you

that fear is what i would call "the toilet flush fear"

knowing that paying $30 for fast food when you could have made a home meal for $3

you start to ask yourself 6 hours after the meal, (when flushing the toilet of that food waste..) .. "did i just flush away $27 i could have invested"
...
when you are at a bar spending $5 a bottle on beer. but you could have drank the same beer at home for $1

6 hours later after 4 beers.. you fear "did i just piss away $16 i could have invested"

[blockman]

As a newbie who has a little knowledge of cryptocurrency but much interest in purchasing bitcoin for a long time Hodl, since the purchasing capital is not included in my spendable budget and the price of bitcoin is not very high at the moment 16k, what should be my fear?

Pls, advise me.

Your fear should be about missing these lows. Because you'll never know how high bitcoin can go again and even if it's go lower this time, you can just buy them if it ever goes lower.
In the future, you'll see people again regretting that they've missed the train and buying when it's too low for everybody. But, you ask them what they've done during that time, they'll say nothing and reason out that they've got nothing. If they really want to have it at a low price, take action on it and don't just let it be on your mouth but just do it.

[lalabotax]

The biggest fear is when you already feel that this investment will be fine, but sometimes your emotions are out of control. Most of us are probably ready to invest in Bitcoin using free money and buying it at a low price. However, due to a lack of insight and knowledge about investing in crypto, this could trigger concerns someday. Because, our expectation is to get high profits, but we are just the opposite. Due to various FUDs, we become restless and lose control over emotional outbursts and worries. So we will panic and sell our assets. That's why, after all, we must learn and have more knowledge to invest in Bitcoin. including learning how to manage our emotions, minimize risks, and also manage our finances.

[romero121]

With bitcoin it is a must to take self decision than going with other's suggestions. The money is yours and if something goes away from the prediction, the same might create misunderstanding between you and the person who gave the suggestion.

Right now it looks like the market is at the low bottom. It is good opportunity to make an entry, yet we can't be sure of it. For this reason it is good to DCA which will avoid the way of buying at the top or at the low bottom. Taking others suggestion as reference and making our decision is the right way to overcome the unwanted fear.

[sheenshane]

As a newbie who has a little knowledge of cryptocurrency but much interest in purchasing bitcoin for a long time Hodl, since the purchasing capital is not included in my spendable budget and the price of bitcoin is not very high at the moment 16k, what should be my fear?

Pls, advise me.

It could be when the time comes you need most of your funds but the price of Bitcoin was still below $16k.
That was the most common young investors fear when they will sell their Bitcoin at a cheaper price because they can't able to hold it long enough because they also need money.

Invest only that you can afford the amount because if you believe that Bitcoin will reach $60k back by next year, it's really possible to happen because we've been there before.  Anytime soon Bitcoin price will make another all-time high which is we don't know the exact time frame.  That's why holding in the long term and aiming your goal of making a profit would be an ideal way of holding Bitcoin.

[Ebede]

As a newbie who has a little knowledge of cryptocurrency but much interest in purchasing bitcoin for a long time Hodl, since the purchasing capital is not included in my spendable budget and the price of bitcoin is not very high at the moment 16k, what should be my fear?

Pls, advise me.

As a beginner in a cryptocurrency I will tell you that can be afraid of any other coin but don't be afraid of Bitcoin, I believe that Bitcoin have it own way of increasing that is why if you go into bitcoin anytime it is increasing at any time adjudication many people will advise you to buy and keep for a long time knowing that in normal time it will rise

[dothebeats]

Your fear should be your lack of knowledge and enthusiasm to gain more knowledge in crypto. These are the thinga that you should have when starting out. Gain as much knowledge as you can so once you started investing you will not have a hard time knowing the do's and the don'ts. Too many people have been advising that newbies should know X and avoid Y but not a lot are trying to encourage newbies to learn more material that can eventually help them get into a better position in terms of decision-making for their crypto journey.

[Adbitco]

From my understanding I think there's anything you should be afraid of because presently I don't think the price would go more dip or more Lower than this so if actually you want to make investment then now is the right time.. otherwise your fear should be the kind of exchange you buy bitcoin from or the wallet address you think of holding your bitcoin. If not for that bitcoin is the best investment you could ever make comparing from the past years how it was till date meaning if you invested earlier you would have been on the plus plus side. You made the right decision to decide to invest in bitcoin.
To be on a long run please stay away from negative news which is a killer of interest in bitcoin investment as it may cause you to panic and sell of your previous bitcoin.

[My ThuiHa]

Bitcoin does not liquidate your assets (keep holding them without daily transactions). You can buy a little bitcoin, and when you have extra money, you can buy bitcoin at the right time. Don't trust anyone who can lead you to invest and make more money, that person is likely to be a liar. Don't believe any scare information, that will make your brain not clear to sell your coins for loss.

[dansus021]

Even Pro Trader and been long play with the crypto industry has a fear, but as you know bitcoin has proven for a couple of year of the bull cycle.

If I were you what my fear right know is the bottom of btc is not ending yet fud is all over the place and Recession news still up ahead, the best thing right know stay DYOR watch the news doing DCA and pray . - Good Luck

ps. I do believe almost people in here have some bitcoin and maybe their porto still at red

[TheGreatPython]

Your greatest fear should be losing access to your wallet. Of course, you should be using a wallet you've the Pkey since you intend to hodl, knowing that if you don't have the private key (Pkey), the wallet shouldn't be deemed yours. Losing access to my wallet used to be of nagging concern to me during my noob days. On the price, buying now should be seen as you getting a discount from Satoshi himself. This price level of $16k is a very fair one. Even if price dips below it now after you've bought, don't worry you got in at a good place. Next halving will expectedly push Bitcoin price above the last ATH.

As a newbie we thought remembering the password and pin codes in the wallet that we use is already enough but it isn't actually. You can remember those but you can still lose your coins if ever you misplaced your private keys or the wallet provider that you use can still scam you or they can get bankrupt if ever you are using a custodial one.

So, one of the first things that we should learn as a newbie is choosing the proper wallet and learn on how to protect our private keys properly. When investing in long term, it's better if he invest in smaller portions than going all in, so that he still have a money left in case the price drops more.

[Strongkored]

As a newbie who has a little knowledge of cryptocurrency but much interest in purchasing bitcoin for a long time Hodl, since the purchasing capital is not included in my spendable budget and the price of bitcoin is not very high at the moment 16k, what should be my fear?

Pls, advise me.

What should be your fear so increase your vigilance is how you store BTC, you have to store it in a non-custodial wallet and store everything related to the wallet such as the Private Key carefully do not save it in online storage.
For the price, there is nothing to be afraid of because you enter the market when the price is relatively cheap and your goal is long term so this will be safe, but remember the money you use to buy BTC is not for important things because it is very possible that you sell it at a loss because you need the money.

[landheer]

actually there is nothing to be afraid of buying btc and investing in it, but as a human being, of course there is a sense of fear, because I also used to buy bitcoin for the first time there was always a feeling of fear, namely what I was afraid of after buying bitcoin suddenly the price of bitcoin fell more deep again. but if we buy bitcoin when the price is bear, actually there is nothing to be afraid of because the bitcoin cycle is usually after a bear market, a bull market will definitely come.

in my opinion the most feared thing about bitcoin is buying when the price is bull.

[Sebas.tian]

Your fear should be exposing your personal details to scammers, because the movement you expose your personal details to scammers your money is at risk which is not advisable as a newbie to fall victim to such act in the community. Do everything possible within your power to have the knowledge of Bitcoin, because it will really help you to understand many things about Bitcoin and how to eliminate fear in the time of bearish and embrace victory in the time of bullish.  This is the season to buy Bitcoin, which is very important to those who want to improve higher in the future when the price of Bitcoin hit higher in the market.

[GigaBit]

An investor needs to know some important things before investing in Bitcoin. Which can make you free or some times that act as a major hindrance to your investment. So it is important to know some basics of Bitcoin first. Like how Bitcoin works and which wallets to use etc. How to store the keys of the wallet may seem like a small thing but it is an important part of the job. Many people can lose big things by making small mistakes. Cryptocurrencies are highly volatile so you need to be aware of that. Fear of moving out the track in a big fall will put your investment at risk. There will be different types of FOMO on the market that will naturally affect you and you will have to control yourself. Your fear will not go away until you gather enough knowledge.

[irhact]

As a newbie who has a little knowledge of cryptocurrency but much interest in purchasing bitcoin for a long time Hodl, since the purchasing capital is not included in my spendable budget and the price of bitcoin is not very high at the moment 16k, what should be my fear?

Pls, advise me.

One of your fear should be how to protect you Bitcoin investment, and not if you should buy or not. Buying is now a mandatory exercise if you want to be among the elites in future that got their financial statue because they bought Bitcoin today. How to protect that asset is what many are yet to do correctly. After investing in Bitcoin, never store them on centralized exchange or any exchange at all or your fear will come through and you lose your Bitcoin to hack or collapse of the exchange.

Never store them on centralized wallets as well because anything centralized has the same disadvantage of hack or obstruction by the wallet provider of you been able to access your Bitcoin. Use decentralized wallets such
as electrum, with this wallet that you own your private key, they're more secure and gives you full control over your Bitcoin.

[Mackenzie87]

If you are holding it for a long time, you don’t have to worry too much. Now that the price of Bitcoin is already at a low price, you can buy some now. Isn’t this the best opportunity to invest in Bitcoin? Long-term holding is definitely worth it.

[Mpamaegbu]

~snipped~

you can still lose your coins if ever you misplaced your private keys or the wallet provider that you use can still scam you or they can get bankrupt if ever you are using a custodial one.

It even transcends using a custodial wallet as many users will think it's only about exchange wallets alone. That's not completely true. Closed source wallets which are private wallets and you've the passphrases (and think you control the wallet) also have that issue. A few of this close source wallet type have been mentioned here in the recent past.

[lienfaye]

As a newbie who has a little knowledge of cryptocurrency but much interest in purchasing bitcoin for a long time Hodl, since the purchasing capital is not included in my spendable budget and the price of bitcoin is not very high at the moment 16k, what should be my fear?

Pls, advise me.

Hacking and scammers. So to prevent this from happening, first,  you need to fill your mind with knowledge to have a better understanding before you buy Bitcoin. This way you'll become aware on how to protect your Bitcoin the best way you can since you're planning to hold for long time. Use a wallet where you're the only one holding your keys and stay away to custodial wallets.

[Rikafip]

Newbies I talked to about Bitcoin often can't wrap their head about the fact that they are responsible for their own money, that no one will hold their hand and if something bad happens they usually have no one else to blame other than themselves. Being your own bank is not for anyone, people often don't want that responsibility and they don't care so much about freedom like they do feeling of being safe (even though its often false.
sense of safety).

What I would suggest you to overcome those fears is to get a little bit of bitcoin, download non custodial open source wallet (preferably Electrum) and play a little bit with it, send bitcoin from one address to other to get yourself familiar with how things work. Once you passed that initial fear of loosing bitcoin if you send it to a wrong address, you can move on start investing as planned and get yourself hardware wallet (I sleep much better since I store my bitcoin on one of those things).

[yazher]

Honestly, there's no need to fear in this kind of situation but you need to consider using only the money that is not supposed for something important like hospital bills, electric bills, etc., and other stuff like that. Because the market right now is not looking good and you might find yourself in a situation where you might not get your money back again because the price of bitcoin is not that stable right now. When I say not stable, I mean the price of bitcoin in the crypto market is keep falling no one really knows when will it stop. That's why you only invest what you can afford to lose and one thing in this scenario, you need to find something to do and forget about your investment for now. Because checking the price every hour in the crypto market is not really a good thing to do right now you might want to do something else to have a piece of mind.

[TommieSang]

If this money that you are using to invest in bitcoin is not going to be used for the next 2 years, then there is really nothing to worry about. Time will tell the answer.

[Ummarr]

As a newbie that has a little knowledge on bitcoin /cryptocurrency I think what should be your fear is suppose to be 2 things.
1: target a time before you invest in bitcoin you've to be careful.
2: second thing is dat you've to be careful don't live your assets in online wallet.

[Ryker1]

As a newbie who has a little knowledge of cryptocurrency but much interest in purchasing bitcoin for a long time Hodl, since the purchasing capital is not included in my spendable budget and the price of bitcoin is not very high at the moment 16k, what should be my fear?

Pls, advise me.

What should be your fear? --I think when it will fall go down a further $10k.
But --^{[there is a big but]} this only happens if you don't believe in bitcoin, the fear of losing value is the number one problem in most common investors. But some others -- they believe that bitcoin will reach again in a new ATH and bitcoin has no temporary position in the market and the time will come bull season will come. So there is nothing to fear when you are investing and holding in a long term because it has been proven that bitcoin has a bull position.

[uchegod-21]

As a newbie who has a little knowledge of cryptocurrency but much interest in purchasing bitcoin for a long time Hodl, since the purchasing capital is not included in my spendable budget and the price of bitcoin is not very high at the moment 16k, what should be my fear?

Pls, advise me.

You wouldn't have had any fear assuming you don't have the money to invest and also you wouldn't have had any fear if you didn't intend to hold your bitcoin for a very long time. Now that you have the money to invest and have decided to hold the Bitcoin for a very long time and additionally you acknowledge that the price of Bitcoin is cheap now, the fear that you should be afraid of is the fear of regret. How you will cry about not using this opportunity of today may be in 5 years time

[aoluain]

As a newbie who has a little knowledge of cryptocurrency but much interest in purchasing bitcoin for a long time Hodl, since the purchasing capital is not included in my spendable budget and the price of bitcoin is not very high at the moment 16k, what should be my fear?

Pls, advise me.

Your fear should be about missing these lows. Because you'll never know how high bitcoin can go again and even if it's go lower this time, you can just buy them if it ever goes lower.
In the future, you'll see people again regretting that they've missed the train and buying when it's too low for everybody. But, you ask them what they've done during that time, they'll say nothing and reason out that they've got nothing. If they really want to have it at a low price, take action on it and don't just let it be on your mouth but just do it.

Yep, that's exactly what I would be afraid of, not getting enough Bitcoin at times like this!

Don't be worried about the price falling, just buy more when/if it does.

Be afraid of the future when Bitcoin passes $100k and looking back to >NOW< and
realising you had a golden opportunity to buy low.

[The Cryptovator]

To be honest, I don't see any reason to be concerned about buying Bitcoin. The only concern is keeping your Bitcoin safe. Yes, you must ensure that your holdings are secure from hackers or scammers. For example, if you store into exchange, it would behave similarly to FTX. If you use a custodial wallet, your funds are not under your control. So consider whether you want to store your Bitcoin in a hardware wallet or a non-custodial wallet. However the price is pretty good to accumulate. You don't need to be concerned.

[virasog]

As a newbie who has a little knowledge of cryptocurrency but much interest in purchasing bitcoin for a long time Hodl, since the purchasing capital is not included in my spendable budget and the price of bitcoin is not very high at the moment 16k, what should be my fear?

Pls, advise me.

The only fear for you is to have little knowledge of cryptocurrency and this may result in a big loss for you. Even though as per your writing you do not want to trade bitcoin, you only want to hold bitcoin with the extra money which you have but due to lack of knowledge, you may be at risk.
You may not know how and where to save your crypto and bitcoin. You also need to know how to safeguard your seed phrases and what are the different types of wallets. There are so many phishing attempts that you should be aware of. So I would advise you to first get knowledge about bitcoin and then buy and store bitcoin for long term holding.

[SOKO-DEKE]

As a newbie who has a little knowledge of cryptocurrency but much interest in purchasing bitcoin for a long time Hodl, since the purchasing capital is not included in my spendable budget and the price of bitcoin is not very high at the moment 16k, what should be my fear?

Pls, advise me.

Since the money you want to use to buy Bitcoin is for you and not part of your spendable budget or a loan, I don't ghink you have anything to worry about. And u are also aware of the fluctuations in the price of bitcoin on the market, and you have made the decision to hodl your Bitcoin for a long period of term, I believe you are stres free.

However, the advice I will provide for you, is for you to look for ways to give your Bitcoins good security by getting a better wallet and maintaining the security of your private key and seed phrases.and in order to prevent future stories,never try to leave your Bitcoin on any centralized exchange; instead, I try to move it to a decentralized exchange.

[noormcs5]

As a newbie who has a little knowledge of cryptocurrency but much interest in purchasing bitcoin for a long time Hodl, since the purchasing capital is not included in my spendable budget and the price of bitcoin is not very high at the moment 16k, what should be my fear?

Pls, advise me.

I will say that you are lucky that you have spare funds with you and that you are looking to buy bitcoin. Another plus point is that you will be taking entry in bitcoin at the lowest prices that are likely to rise in the future. This may be the best time to enter in bitcoin and start accumulating bitcoins.
I would advice to you buy bitcoins as much as you can afford without any fear.

[blockman]

Your fear should be about missing these lows. Because you'll never know how high bitcoin can go again and even if it's go lower this time, you can just buy them if it ever goes lower.
In the future, you'll see people again regretting that they've missed the train and buying when it's too low for everybody. But, you ask them what they've done during that time, they'll say nothing and reason out that they've got nothing. If they really want to have it at a low price, take action on it and don't just let it be on your mouth but just do it.

Yep, that's exactly what I would be afraid of, not getting enough Bitcoin at times like this!

Don't be worried about the price falling, just buy more when/if it does.

Be afraid of the future when Bitcoin passes $100k and looking back to >NOW< and
realising you had a golden opportunity to buy low.

People look only when the price is falling but don't look at the opportunity that it is bringing for everyone. And when this time is done, they'll be missing it again sharing how frustrated they are and regretful about not purchasing when we're telling them so.
That's really scarier when it's on the news that bitcoin has already reached 6 digits and they didn't even hold even a few satoshis of it.

[KennyR]

Cryptocurrency Market is subject to risk. Everyone is aware of the unpredictable market movement of bitcoin followed is the altcoins. Nothing to fear if you've got trust over the growth of bitcoin over the years. You should not expect immediate growth or making money overnight out of the price increase.

Many users invest when the market is towards the top, which shouldn't be done. Make use of the opportunity, invest when you find the price. Don't panic on price crash, because the same could be taken advantage by the whales on the market.

[Natalim]

As a newbie who has a little knowledge of cryptocurrency but much interest in purchasing bitcoin for a long time Hodl, since the purchasing capital is not included in my spendable budget and the price of bitcoin is not very high at the moment 16k, what should be my fear?

Pls, advise me.

What you need OP is to understand first how this Bitcoin works. You can't just invest blindly because it was not the interest that brings you success but also knowledge. Stop your fear, control your emotions, and learn everything about Bitcoin then you are ready to go.

It is very important that you make ready yourselves. Set money intended for this and be sure that amount is okay for you to lose. Yes, the price is low and a good opportunity to buy but never do rush instead, think about it many times.

[Aanuoluwatofunmi]

As a newbie who has a little knowledge of cryptocurrency but much interest in purchasing bitcoin for a long time Hodl, since the purchasing capital is not included in my spendable budget and the price of bitcoin is not very high at the moment 16k, what should be my fear?

Why should you fear since it's not your decision to fail to invest when you have the money to do so, sometimes the condition we found ourselves in were meant to place and position us to the right direction in doing something, when you were able to afford the little finance you're opportuned to raise then you can start the accumulation of bitcoin bit by bit not a must you buy at once, this will also help you to reduce the extent to loss at any time, you don't need to fear as long as you are dealing with bitcoin.

[Mahanton]

As a newbie who has a little knowledge of cryptocurrency but much interest in purchasing bitcoin for a long time Hodl, since the purchasing capital is not included in my spendable budget and the price of bitcoin is not very high at the moment 16k, what should be my fear?

Pls, advise me.

Fear not. The only thing you should  really be that mindful is that you do accept the risk on the time that you are buying bitcoin considering that nothing is assured nor really have assurance that this would last forever
or does have that ending where price could really be that high but if we do base up with price history then we cant really be able to deny that it could really be having that potential.
So if you could bare up with the risk involved with crypto buying specially with Bitcoin and since its not something that you risk up your spendable budget then go ahead.
Lucky for you that you are investing on the amount which you could only afford to lose and dont make out some compromises into other things.

[GeorgeJohn]

As a newbie who has a little knowledge of cryptocurrency but much interest in purchasing bitcoin for a long time Hodl, since the purchasing capital is not included in my spendable budget and the price of bitcoin is not very high at the moment 16k, what should be my fear?

Pls, advise me.

As a newbie you to understand the rudiments of cryptocurrency before having much interest in cryptocurrency, because without been part of cryptocurrency, the investment might trigger or land for negative side, which can make you to think of good and bad side of cryptocurrency, so therefore it's of my understanding to know directly when should be my preferable time to invest into cryptocurrency as well.

[borovichok]

As a newbie who has a little knowledge of cryptocurrency but much interest in purchasing bitcoin for a long time Hodl, since the purchasing capital is not included in my spendable budget and the price of bitcoin is not very high at the moment 16k, what should be my fear?

Pls, advise me.

The only fear for you is to have little knowledge of cryptocurrency and this may result in a big loss for you. Even though as per your writing you do not want to trade bitcoin, you only want to hold bitcoin with the extra money which you have but due to lack of knowledge, you may be at risk.
You may not know how and where to save your crypto and bitcoin. You also need to know how to safeguard your seed phrases and what are the different types of wallets. There are so many phishing attempts that you should be aware of. So I would advise you to first get knowledge about bitcoin and then buy and store bitcoin for long term holding.

You're absolutely right, getting more knowledge about bitcoin and how it operates is the main stuff here, rather than seeking to purchase more without the knowledge of Bitcoin and how it operates. It's very crucial and important that one knows what he's getting into before foreseeing the future or the present. Although there are many things to discover in the space such as how the entire operation of bitcoin came into existence and the how the entire crypto space operates. Securing your phrases also one of the most important stuff in crypto.

[DU18]

I will say that you are lucky that you have spare funds with you and that you are looking to buy bitcoin. Another plus point is that you will be taking entry in bitcoin at the lowest prices that are likely to rise in the future. This may be the best time to enter in bitcoin and start accumulating bitcoins.
I would advice to you buy bitcoins as much as you can afford without any fear.

Even though he has reserve funds but the allocation for buying BTC must be determined in several stages, I think 30% of the reserve fund is very feasible to invest at the current price and the rest is recommended for buying the lowest price, but if the market shows bullish potential then the entire reserve fund can be used for recovery from losses from previous assets. DYOR

[aoluain]

Your fear should be about missing these lows. Because you'll never know how high bitcoin can go again and even if it's go lower this time, you can just buy them if it ever goes lower.
In the future, you'll see people again regretting that they've missed the train and buying when it's too low for everybody. But, you ask them what they've done during that time, they'll say nothing and reason out that they've got nothing. If they really want to have it at a low price, take action on it and don't just let it be on your mouth but just do it.

Yep, that's exactly what I would be afraid of, not getting enough Bitcoin at times like this!

Don't be worried about the price falling, just buy more when/if it does.

Be afraid of the future when Bitcoin passes $100k and looking back to >NOW< and
realising you had a golden opportunity to buy low.

People look only when the price is falling but don't look at the opportunity that it is bringing for everyone. And when this time is done, they'll be missing it again sharing how frustrated they are and regretful about not purchasing when we're telling them so.
That's really scarier when it's on the news that bitcoin has already reached 6 digits and they didn't even hold even a few satoshis of it.

That's right, there are people who have fears about buying now because the price might
go down but they fail to realise the price will go up.

There are people who need proof to counter their fears and so will buy when the price
goes close to the ATH then realise they shouldn't have been so consumed by their
fears at $17k.

[thanhhung2311.work]

As a newbie who has a little knowledge of cryptocurrency but much interest in purchasing bitcoin for a long time Hodl, since the purchasing capital is not included in my spendable budget and the price of bitcoin is not very high at the moment 16k, what should be my fear?

Pls, advise me.

I understand your feeling. So if it's the first time you join the market, please put in the market as little as possible. For example, an ice cream cone a day.

[mendace]

As a newbie who has a little knowledge of cryptocurrency but much interest in purchasing bitcoin for a long time Hodl, since the purchasing capital is not included in my spendable budget and the price of bitcoin is not very high at the moment 16k, what should be my fear?

Pls, advise me.

I think you can rest assured and you don't have to worry about the price of Bitcoin rather don't trust the mass media that always throw mud at you and give bad information.  if there is anything that can weaken Bitcoin it is misinformation and the ignorance of people who have no education.  Don't worry about the rest, buy your Bitcoins and keep them safe, don't mind the price and wait for mass adoption.

[Zanab247]

 Your fear should be bear and bull season because those that joined cryptocurrency investment early this year 2022 are seriously worry, if truly what they heard about Bitcoin and cryptocurrency investment is real because since they invested money in Bitcoin and cryptocurrency they have been waiting for the bull to come before they can sell. If you can be able to hold your coins in the period of bear, no matter how long the bear will take you, I guess there will be a beautiful future ahead for you to enjoy.

[Ojima-ojo]

As a newbie who has a little knowledge of cryptocurrency but much interest in purchasing bitcoin for a long time Hodl, since the purchasing capital is not included in my spendable budget and the price of bitcoin is not very high at the moment 16k, what should be my fear?

Pls, advise me.

First your fear should be how you will be able to secure your wallet for that long period of time you want to hold Bitcoin since you already stated that you want to hold bitcoin for a term.

If you have your bitcoins store me in a cold wallet with your private keys am sure you will be good to go, because entering Bitcoin right now is a good entry price since the price of bitcoin is low and a little above $16,000.

[darewaller]

As a newbie who has a little knowledge of cryptocurrency but much interest in purchasing bitcoin for a long time Hodl, since the purchasing capital is not included in my spendable budget and the price of bitcoin is not very high at the moment 16k, what should be my fear?

Another big thing that we should not forget when we are starting is where to safely store it as well. Many people put their money in a ledger nano or a trezor because that is the safest. However, if you do not have too much, then that would be a big part of the capital as well, getting one would cost you near 100 bucks with shipment to my nation, so if you are investing anything under 1000 then spending 100 to store 900 doesn't make sense, just put it on binance and store it there.

So depending on how much you want to buy, how you store it matters, could be metamask, or trust wallet, or binance or even a hardware wallet like ledger nano, make sure you pick the right one.

[South Park]

As a newbie who has a little knowledge of cryptocurrency but much interest in purchasing bitcoin for a long time Hodl, since the purchasing capital is not included in my spendable budget and the price of bitcoin is not very high at the moment 16k, what should be my fear?

Pls, advise me.

The main problem that someone like you is going to face is that since you do not have a lot of capital and you will be forcing yourself to buy bitcoin then if something happens, like a medical emergency, you will be forced to sell your bitcoin at a bad price, one of the most basic rules of investing is to only invest what you can afford to lose, and if you cannot really afford to lose too much money then maybe it is not a good idea for you invest in bitcoin at the moment.

[blockman]

People look only when the price is falling but don't look at the opportunity that it is bringing for everyone. And when this time is done, they'll be missing it again sharing how frustrated they are and regretful about not purchasing when we're telling them so.
That's really scarier when it's on the news that bitcoin has already reached 6 digits and they didn't even hold even a few satoshis of it.

That's right, there are people who have fears about buying now because the price might
go down but they fail to realise the price will go up.

There are people who need proof to counter their fears and so will buy when the price
goes close to the ATH then realise they shouldn't have been so consumed by their
fears at $17k.

It will be a long discussion for them if they're going to look for proof but that's a typical thing just to be sure. But if they don't do any action after being shown some good analysis and thoughts of how it's going to be up later on then it's on them.
Whether they buy or not, they listen or not, the market can't be countered and it's bound to be up again and we shall see that bitcoin is going to soar high again.

[noormcs5]

Your fear should be bear and bull season because those that joined cryptocurrency investment early this year 2022 are seriously worry, if truly what they heard about Bitcoin and cryptocurrency investment is real because since they invested money in Bitcoin and cryptocurrency they have been waiting for the bull to come before they can sell. If you can be able to hold your coins in the period of bear, no matter how long the bear will take you, I guess there will be a beautiful future ahead for you to enjoy.

I think OP is lucky in this case as he would be investing in bitcoin in a bear season when bitcoin is at low prices. This would mean that OP will take maximum advantage when the market will enter in a bull phase.

I understand your feeling. So if it's the first time you join the market, please put in the market as little as possible. For example, an ice cream cone a day.

Again i would say that OP has the advantage here too because he has extra funds which he needed to invest in bitcoin. Since bitcoin is near its lowest price for this bear season, he can invest a good amount of money right now in bitcoin and still be safe.

[Tubicolous]

Fear the wolf in sheep's clothing. Stay away from the scammers that are gradually becoming harder to identify. Hackers and con artists are becoming more interested in cryptocurrencies as their value rises. You worry about the number of checks and balances in place as an investor. To prevent cryptocurrency fraud, it's important to always maintain control over your digital currency.

[irhact]

As a newbie that has a little knowledge on bitcoin /cryptocurrency I think what should be your fear is suppose to be 2 things.
1: target a time before you invest in bitcoin you've to be careful.
2: second thing is dat you've to be careful don't live your assets in online wallet.

You shouldn't be afraid of timing when buying Bitcoin as no matter when you buy, if you're patient enough you can profit. You target should always be long term as that's what pays. Those that bought in the peak of 2017 when Bitcoin was trading around $20k thought they lost it all when Bitcoin fall to $3k during the COVID-19 pandemic on 2020 but anyone was was patient enough and didn't sell could have profited on 2021 when Bitcoin went above $60k.

Although now Bitcoin has dropped again but that doesn't mean it's dead, after Bitcoin having in 2024 we'll begin to see Bitcoin rise in price and might even achieve the $100k price or above in 2024 or get close to that price range.

[Gallar]

As a newbie who has a little knowledge of cryptocurrency but much interest in purchasing bitcoin for a long time Hodl, since the purchasing capital is not included in my spendable budget and the price of bitcoin is not very high at the moment 16k, what should be my fear?

Pls, advise me.

in investing in bitcoin you have to be brave, you don't hesitate with your investment.
because if doubts and fears are too great, it will be difficult for you to achieve maximum results.
does not mean that fear must be eliminated, but the level is reduced,
The point is you have to be careful.

[Minor Miner]

Your fear should be bear and bull season because those that joined cryptocurrency investment early this year 2022 are seriously worry, if truly what they heard about Bitcoin and cryptocurrency investment is real because since they invested money in Bitcoin and cryptocurrency they have been waiting for the bull to come before they can sell. If you can be able to hold your coins in the period of bear, no matter how long the bear will take you, I guess there will be a beautiful future ahead for you to enjoy.

I think OP is lucky in this case as he would be investing in bitcoin in a bear season when bitcoin is at low prices. This would mean that OP will take maximum advantage when the market will enter in a bull phase.

A bear market is a rare opportunity for us as we can buy bitcoin cheaply, but for OP, it will be a scare. Since he has never seen the volatility of bitcoin, it is easy for him to panic when he sees bitcoin plunge. If OP buys bitcoins from now on, but he is not very knowledgeable, then once the bitcoin price drops, it cause panic, and he will most likely dump his bitcoin.

It would be a pity if he didn't buy bitcoin now but in my opinion, what he needs now is knowledge, once he is knowledgeable even if he buys bitcoin at a higher price than it is now, he is safer than having no knowledge to buy bitcoins.

[bitzizzix]

As a newbie who has a little knowledge of cryptocurrency but much interest in purchasing bitcoin for a long time Hodl, since the purchasing capital is not included in my spendable budget and the price of bitcoin is not very high at the moment 16k, what should be my fear?

Pls, advise me.

The main problem that someone like you is going to face is that since you do not have a lot of capital and you will be forcing yourself to buy bitcoin then if something happens, like a medical emergency, you will be forced to sell your bitcoin at a bad price, one of the most basic rules of investing is to only invest what you can afford to lose, and if you cannot really afford to lose too much money then maybe it is not a good idea for you invest in bitcoin at the moment.

You are right investing in bitcoin should be within your means and not using the money for personal use and if you want to do it you have to make ends meet and the rest you can invest and it doesn't matter how little you buy it because if you do it regularly it becomes a hill.
and if you do it for the long term and believe that the price of bitcoin will rise in the future, then you don't need to be afraid when the price of bitcoin falls and this is only temporary and also an opportunity to buy because of a decrease in price.
Limitations and income are indeed obstacles for those who are enthusiastic about investing in bitcoin, but this is not a problem if you want to manage your finances well and do side jobs to increase your income and investment.
and actually we also have to have savings for urgent needs and also not interfere with your investment so that your goals are successful.

[Tony116]

As a newbie who has a little knowledge of cryptocurrency but much interest in purchasing bitcoin for a long time Hodl, since the purchasing capital is not included in my spendable budget and the price of bitcoin is not very high at the moment 16k, what should be my fear?

Pls, advise me.

Bitcoin is an investment that can be highly profitable, but there is a risk that you may have to hold it for a long time to make a profit. My only advice is only to invest money that you don't have to use for daily expenses or essential tasks.

As you know bitcoin price is very low right now, so this is a perfect time to invest, I don't dare say if you invest now, you will become rich. But if you are sure that you will hold bitcoin for as long as possible no matter what happens, then I can assure you that bitcoin will give you good profit in the future.

[KaliLinux]

As a newbie who has a little knowledge of cryptocurrency but much interest in purchasing bitcoin for a long time Hodl, since the purchasing capital is not included in my spendable budget and the price of bitcoin is not very high at the moment 16k, what should be my fear?

Pls, advise me.

I understand your feeling. So if it's the first time you join the market, please put in the market as little as possible. For example, an ice cream cone a day.

I believe if OP already has an interest in investing in Bitcoin and for the long term too, then there should naturally be nothing to fear. Why the little put-ins too? I understand DCAing to the market but if I had extra money for Bitcoins investment now, it would be all in cos I am doing this for the long term. Most believe the market will still drop, yes may be so but I don't think that will be a lot as compared to where the market is coming from and we might also miss out too buying at these prices because of hoping it will further drop. Every other thing is based on what you can no longer control, act of God, whether BTC will collapse or your Government will tear it down 

[Kelvinid]

As a newbie who has a little knowledge of cryptocurrency but much interest in purchasing bitcoin for a long time Hodl, since the purchasing capital is not included in my spendable budget and the price of bitcoin is not very high at the moment 16k, what should be my fear?

Pls, advise me.

You should allocate funds for this, that is the first thing you need to do.
And never think about fear but rather make yourself aware of the risks and possible losses. In other words, make yourself ready for whatever even happens upon investing in Bitcoin. It was to note that investing in Bitcoin never gives you a profit instantly which is why you also need to learn how to be patient.
The more you understand the nature of the market, the more you conquer your fear and negative thinking. And the last thing is that - never spend too much on this as it was not wise to put everything as a beginner.

[arwin100]

As a newbie who has a little knowledge of cryptocurrency but much interest in purchasing bitcoin for a long time Hodl, since the purchasing capital is not included in my spendable budget and the price of bitcoin is not very high at the moment 16k, what should be my fear?

Pls, advise me.

As a newbie you should test out all methods you learn from hear because you can create some strategy for yourself to follow for long term. Avoid unnecessary spending thru the hype from other people learn something on the sentiments of the people because this will give you more knowledge about hype and FOMO. If you are willing to spend now maybe test the smallest amount you can afford to lose just for testing purposes and once you learn then you can use some amount either you use it for holding or day trading.

If you are worried about the price go grab the data about past price history of it and you will find out that we are in bear market condition which is best opportunity for other investor to buy since recovery might happen any month next year. Its just you need to believe on it since many time bitcoin proves a huge bounce back after bear market drop it so bad.

[Antonas1]

If you are buying bitcoin for the long term, don't get involved with CEX. Use a personal wallet, if you don't want to buy a hardwallet, you can use a wallet like electrum. But remember, losing the private key is the scariest thing. Save them well.

[sulendra12]

As a newbie who has a little knowledge of cryptocurrency but much interest in purchasing bitcoin for a long time Hodl, since the purchasing capital is not included in my spendable budget and the price of bitcoin is not very high at the moment 16k, what should be my fear?
Pls, advise me.

The only fear is yourself. The greed, your emotion because of the downfall of price for some reasons that could happened in the internet and around the world could affect the price and so does your emotion because of your investment value. Always be ready to take the risk if necessary especially if you are into long-term investment, otherwise just do DCA and forget about the price for long time.

[Nhazwrath]

Basic stuff.

No such thing as a free lunch.   This can be broken down to anyone telling you they have a system/coin that guarantees profits lots of money ... that is someone trying to scam you. 

Fear ignorance.

  Your own and others.   Other peoples ignorance is just as dangerous as yours.   Never stop learning.  You cannot force other people to learn.    This statement can be a 2 hour discussion about energy efficiency and knowledge but .. not really necessary to the point I am making.   

When I say knowledge I Do Not Mean only knowledge about finance.  I mean anything that interacts with humanity.   yeap thats big,  no, theres no end there. 


  Spend the effort and learn new things or even wrong things to know how they are wrong.  Review what you know to find out where it might be wrong.  Like Bitcoin.   I actually don't think its prefect.   But it seems about as close to perfect as we can get at this time with humanity in the loop.   Willing to update that as I go along.   


Chase Value, Not numbers. 

This is a weird one.  For people that equate a high number with high value it can be confusing.     

Value and Price are Not the Same Thing. 

Example.  You can have 1 diamond 100 carat in size...  Or you can have 1 child.    You cannot in this statement have both. 

  You are Forced to judge the Value of one over the value of the other.  The price is no longer relevant.   This statement seems somewhat silly on the surface.   Yet we do this every single day when we decide whats for lunch!

[inthelongrun]

You probably know by now the need to keep your bitcoin safe from hackers and possible centralized exchange exits. The main concern is the fear which is related to investment. I think everyone or maybe 99% of people who invested money that they cannot afford to lose will continue to live with fear. I did it before, I studied bitcoin charts since the earliest I could get. So I thought that the past cycles would make me strong and overcome fear, I took the risk, and I signed a contract to assume a house and lot but held most of my assets in bitcoin. And then here comes the 2018 and 2019 bear seasons. I thought I can be alright knowing how confident am I that history would repeat itself. When it dropped from $19k ATH to $3k, fear beat me, I didn't expect bitcoin to drop that low and I cannot sleep well at night. So in the end I decided to sell all my bitcoins cheaply.

I learned the hard way. I should not have risked an amount that I cannot afford to lose.

[lizarder]

As a newbie who has a little knowledge of cryptocurrency but much interest in purchasing bitcoin for a long time Hodl, since the purchasing capital is not included in my spendable budget and the price of bitcoin is not very high at the moment 16k, what should be my fear?

Pls, advise me.

The current bitcoin price ranges from $16K, that means the previous price accumulation was at a maximum correction of up to $15K, as a beginner you are in the current correctional market condition. However, in my opinion, there is no need to worry, because once the recovery process is running on the market, bitcoin's condition will be fine. Supply and demand that enters the market will make us have the opportunity to enter the market now.

Stay calm and make purchases in stages according to the capital we have, so you can take advantage of accumulated bitcoins at any time, because the current price conditions are the right step to make purchases.

[fennic]

As a newbie who has a little knowledge of cryptocurrency but much interest in purchasing bitcoin for a long time Hodl, since the purchasing capital is not included in my spendable budget and the price of bitcoin is not very high at the moment 16k, what should be my fear?

Pls, advise me.

If you believe that Bitcoin price that is currently at 16800 dollars is higher for you than you should not invest and go to bank and deposit there.
For a long term Ido not think that Bitcoin price is higher cause more you hold more the price will be up. If we believe in Cryptocurrency than we will be able to generate good amount of money from Cryptocurrency. Newbies only loose their money at the end.

[CryptSafe]

The fear of the unknown market was the major reason why  you were asked to invest what  you know you can afford to loose. Bitcoin was initially invented by Satoshi Nakamoto to be a currency in its own alone which would be used for transaction or invariably payment for goods and services rendered but however, people turned it to an investment which became the norm about Bitcoin. Since then people thinking Bitcoin is for investment purpose which is contrary to the invention.

Back to your question of what should be your fear. There are lots of things you should know about Bitcoin before purchasing it. At first you should know that the Bitcoin market is volatile of which you know what it means being volatile. You should be able to know that the funds you are using to purchase Bitcoin should be what you can afford to loose but be it as it may, if you are buying to hold for a long time, there is no issue as you can hodle it for a long time till you get your profit.  Lastly, you alone should  know that only you should have access to your own wallet hence the slogan you always hear or see onboard this platform " not your keys not your coin" key your key phrase safe to protect your assets.

[pawanjain]

As a newbie who has a little knowledge of cryptocurrency but much interest in purchasing bitcoin for a long time Hodl, since the purchasing capital is not included in my spendable budget and the price of bitcoin is not very high at the moment 16k, what should be my fear?

Pls, advise me.

As a newbie your only fear would be to avoid a panic sell because of the dumps. All the other things can still be improvised over time.
But you can't do anything if you can't control yourself from selling your own coins.
So stay calm and know that bitcoin is here to stay and it will definitely rise up when the time is right and you need to hold strong.
Other than that you just need to be aware and pay attention on storing your coins in a non-custodial wallet and keeping your keys secure.

[Inwestour]

If you are buying bitcoin for the long term, don't get involved with CEX. Use a personal wallet, if you don't want to buy a hardwallet, you can use a wallet like electrum. But remember, losing the private key is the scariest thing. Save them well.

If this is a long-term investment, then we are probably not talking about a few hundred bucks, and these funds need to be protected as hopefully as possible. Therefore, there should be no compromises here, only the most reliable methods, if it is possible to exclude as many dubious points as possible, then this must be done for your own peace of mind.

[serjent05]

what should be my fear?

You should:

Fear of being among the weak hands
Fear having not much information about Bitcoin
Fear of not having trust in the Bitcoin market
Fear that you will chicken out the moment the Bitcoin price plummet.
Fear that you don't have enough patience to wait for the next bull run and new ATH of BTC.
Fear that you would listen to all the FUD and negative sentiments of Banks and Anti-Bitcoin groups

In short, there is nothing to fear as long as you have patience and trust to what you are investing.

[usekevin]

When the new people come to know about bitcoin, they are no longer new people.They get to know about bitcoin by the people who was influenced by bitcoin. Holding is essential one to learn trading. Because many miracles happen in bitcoin in a short period. So kindly buy and hold it for 6 months atleast to get good money as a profit.

[ilovealtcoins]

what should be my fear?

You should:

Fear of being among the weak hands
Fear having not much information about Bitcoin
Fear of not having trust in the Bitcoin market
Fear that you will chicken out the moment the Bitcoin price plummet.
Fear that you don't have enough patience to wait for the next bull run and new ATH of BTC.
Fear that you would listen to all the FUD and negative sentiments of Banks and Anti-Bitcoin groups

In short, there is nothing to fear as long as you have patience and trust to what you are investing.

Fear is a normal human response when we don't understand what it is, so to not be afraid, we need to understand it. OP should equip themselves with bitcoin knowledge so that they don't have to be scared every time the market has Fuds.

Another thing is don't invest with money you can't lose, bitcoin can give you profit, it can also take your money, in investment, profit and risk always go together.

[Quidat]

When the new people come to know about bitcoin, they are no longer new people.They get to know about bitcoin by the people who was influenced by bitcoin. Holding is essential one to learn trading. Because many miracles happen in bitcoin in a short period. So kindly buy and hold it for 6 months atleast to get good money as a profit.

On the time you have stepped your foot into this market then you should really be making yourself prepared.Mistakes and errors are common because we cant really be directly be
that being pro on the first time we do engage things that we havent encountered before.In a market like this where prices are too volatile and unpredictable.
In the time you do make out investment decisions and as long you are only making use of money which you are only be able to afford to lose then you wont really be
panicking in case you do see some negatives.

[ChiBitCTy]

If the purchasing of bitcoin is not in your spendable budget, then you shouldn’t be purchasing any bitcoin at all. First off bitcoin is inherently not an investment, secondly it’s likely to have a lot of volatility for quite some time, so if you do purchase some make sure you expect it to go to zero. That way you won’t technically have to worry about it taking a big hit downwards.

[Obari]

As a newbie who has a little knowledge of cryptocurrency but much interest in purchasing bitcoin for a long time Hodl, since the purchasing capital is not included in my spendable budget and the price of bitcoin is not very high at the moment 16k, what should be my fear?

Pls, advise me.

I guess you must have heard the word FOMO which means the fear if missing out. This term FOMO is used in a situation where in a bit not to miss out from what the market has to offer, one jumps into the market out of the fear of missing out.
From what you said about, you're not certain of what you're about getting into which isn't actually the best for you because Bitcoin shouldn't be treated as a game but rather an asset or a digital currency and as such should be treated with caution.
Now is one of the best times to get into crypto (not a financial advice ) but first I will advice you to gather all the necessary information and knowledge you need to gather such as the basic knowledge for wallet, bear and bull markets, etc before diving into the future (Bitcoin) as no one will guaranty you success because everything lies in your hands.

[LogitechMouse]

As a newbie who has a little knowledge of cryptocurrency but much interest in purchasing bitcoin for a long time Hodl, since the purchasing capital is not included in my spendable budget and the price of bitcoin is not very high at the moment 16k, what should be my fear?

Pls, advise me.

None.

You have little knowledge in cryptocurrency, but you want to invest into it? Learn the basics.
You are asking what you should you fear about? I don't think that you should've something to fear about. Maybe you are experiencing fear because you're a newbie. If that's the case then learn, research and apply. You are afraid because you might lose your money? Just look at the history. Just look at how Bitcoin moved from 2008-present.

When I was like you, I didn't fear anything because I didn't invest any money at all. I spent my time learning at least the basics and how to not be carried away by volatility. I didn't fear at all because I know that if I learn something, that will help me to make better decisions in the future. Don't invest first but learn and you will not experience fear at all. Set aside your interest in buying first and learn at least how to be patient and emotionless.

[laurenB7742]

If the purchasing of bitcoin is not in your spendable budget, then you shouldn’t be purchasing any bitcoin at all. First off bitcoin is inherently not an investment, secondly it’s likely to have a lot of volatility for quite some time, so if you do purchase some make sure you expect it to go to zero. That way you won’t technically have to worry about it taking a big hit downwards.

If we didn't see bitcoin as an investment in the first place, we wouldn't be motivated to invest in it. I get what you're to say, but I think it should still be considered an investment, but an extremely risky one and we need to determine that in addition to the opportunity to make a profit, we can also lose that investment. We should consider not only the profits but also the risks faced. That way, we will have a comfortable position in investing and making more informed decisions.

[AicecreaME]

As a newbie who has a little knowledge of cryptocurrency but much interest in purchasing bitcoin for a long time Hodl, since the purchasing capital is not included in my spendable budget and the price of bitcoin is not very high at the moment 16k, what should be my fear?

Pls, advise me.

If you don't have any budget but you really wants to buy bitcoin, then do something about it, look for a part-time job if you're a student, or maybe look for another way to earn money if you already have a job right now. The only reason I only think for you to be afraid is when you will spend all of your money in bitcoin leaving you nothing, what I mean by that is that you will have nothing left to pay the bills and to buy your food, because you think that bitcoin will give you a large profit overnight, or even more silly.

But if you don't want to look for another job, look for someone like a relative or friends that are wealthy enough that is willing to lend you a certain amount of money that you desire to invest in cryptocurrency that will not give you a limited amount of time to pay back what you borrow.

[adzino]

As a newbie who has a little knowledge of cryptocurrency but much interest in purchasing bitcoin for a long time Hodl, since the purchasing capital is not included in my spendable budget and the price of bitcoin is not very high at the moment 16k, what should be my fear?

Pls, advise me.

The only fear you should have is losing your wallet, which you won't if you keep back up your wallets and keep it safely. If you were planning to hold short term, you should have fear about about making losses because the market is very volatile and the price can take a huge dip within few minutes. But since you are planning to hold long term, I don't think you should fear anything. If you are still scared, look at the chart and you will know what you are doing the right thing. But only invest what you can afford to lose. And better learn a little about crypto currencies. It will help you make investment decisions.

[Sayeds56]

As a newbie who has a little knowledge of cryptocurrency but much interest in purchasing bitcoin for a long time Hodl, since the purchasing capital is not included in my spendable budget and the price of bitcoin is not very high at the moment 16k, what should be my fear?

Pls, advise me.

There is nothing to fear of, if you are willing to buy Bitcoin because it is the future of money, its limited supply of 21 Million makes it deflationary which is its major strength, no matter how much it falls during the bear run, it will bounce back and make new ATH . Please don't make all your buying in one go, buy in at 3 steps on dips hold it for long term.

[Antonas1]

If you are buying bitcoin for the long term, don't get involved with CEX. Use a personal wallet, if you don't want to buy a hardwallet, you can use a wallet like electrum. But remember, losing the private key is the scariest thing. Save them well.

If this is a long-term investment, then we are probably not talking about a few hundred bucks, and these funds need to be protected as hopefully as possible.

It seems you are right, and I have to agree. Most people will not hold Bitcoin for long term if they only have a few, they prefer to trade in the short term to increase their Bitcoin sum.

Therefore, there should be no compromises here, only the most reliable methods, if it is possible to exclude as many dubious points as possible, then this must be done for your own peace of mind.

Let's ignore the Electrum option then.

[Tony116]

If you are buying bitcoin for the long term, don't get involved with CEX. Use a personal wallet, if you don't want to buy a hardwallet, you can use a wallet like electrum. But remember, losing the private key is the scariest thing. Save them well.

If this is a long-term investment, then we are probably not talking about a few hundred bucks, and these funds need to be protected as hopefully as possible.

It seems you are right, and I have to agree. Most people will not hold Bitcoin for long term if they only have a few, they prefer to trade in the short term to increase their Bitcoin sum.

Incorrect. A few hundred dollars or a few bitcoins can also be a long-term investment, now it may be just a small amount, but when bitcoin hits 100k or 300k, it won't be a small investment anymore. In addition, if you do not have much money to buy bitcoins once, you can also accumulate monthly, yearly and your bitcoins will not be small.
Not everyone knows about trading, and not all small investors want to trade to increase the amount of bitcoin that many are still accumulating.

[Antonas1]

-snip-

Incorrect. A few hundred dollars or a few bitcoins can also be a long-term investment, now it may be just a small amount, but when bitcoin hits 100k or 300k, it won't be a small investment anymore. In addition, if you do not have much money to buy bitcoins once, you can also accumulate monthly, yearly and your bitcoins will not be small.
Not everyone knows about trading, and not all small investors want to trade to increase the amount of bitcoin that many are still accumulating.

Not really. Like you said not everyone understands trading, doesn't mean everyone does right? I don't know, maybe in your circle there are many people buying Bitcoin for a long-term investment, at my place is the opposite. Here so many people choose short term trading to increase their Bitcoin. So you can't just say it's wrong.

[Jatiluhung]

What I fear the most and is usually feared by beginners is being easily influenced by bad news (fud). so that emotions and mental uncontrollable. panic and fear sometimes overwhelm us. and that's what we have to realize. therefore it is important for us as beginners to dig up more information and knowledge related to bitcoin in more depth. so if any fud comes . we become less affected. because important capital in long-term investment is mental resilience. that is what I feel.

I also continue to set aside my money to buy Bitcoin in stages with the DCA strategy. but if the OP did use Cold Money. then I think your mentality can be more awake.

There is some trader psychology that we must build within ourselves as beginners in the crypto world. as I read from a source ie

-Passion
we have to have passion in the field we are going into like crypto or bitcoin. so there is no compulsion in doing so. so that we are always eager to explore this field.

- courage
Building courage in trading is not easy. but still we have to dare to make our own strategy and don't just always follow what other people say.

- Discipline
Discipline in carrying out the plans and strategies that you have made, don't get consumed by the hype and stay on the track that has been planned. this will make psychology more awake.

and many other things that I read when I studied trading psychology. which I also use in long term investing.
sourch : Link

[Tony116]

-snip-

Incorrect. A few hundred dollars or a few bitcoins can also be a long-term investment, now it may be just a small amount, but when bitcoin hits 100k or 300k, it won't be a small investment anymore. In addition, if you do not have much money to buy bitcoins once, you can also accumulate monthly, yearly and your bitcoins will not be small.
Not everyone knows about trading, and not all small investors want to trade to increase the amount of bitcoin that many are still accumulating.

Not really. Like you said not everyone understands trading, doesn't mean everyone does right? I don't know, maybe in your circle there are many people buying Bitcoin for a long-term investment, at my place is the opposite. Here so many people choose short term trading to increase their Bitcoin. So you can't just say it's wrong.

Maybe it's because the people we meet are not the same, the people I meet don't choose to trade to increase bitcoin but mainly accumulate on a regular basis. I also have friends who are traders, but they don't trade to increase the number of bitcoins. They trade with the goal of making a profit, they also invest long term in bitcoin, but they accumulate bitcoin every time bitcoin has a good entry point, or they will deduct part of the profit from daily trading to buy bitcoin every time bitcoin drops more.

[Mauser]

As a newbie who has a little knowledge of cryptocurrency but much interest in purchasing bitcoin for a long time Hodl, since the purchasing capital is not included in my spendable budget and the price of bitcoin is not very high at the moment 16k, what should be my fear?

Pls, advise me.

For a HODL investor there is no reason to be fearful right now. In my opinion the Bitcoin price at the moment is relatively cheap and buying some coins for long term holding is a good idea. If like you said that you don't need the capital right now for spending, than investing it makes a lot of sense. The best argument for me to buy more crytpos at the moment is the double digit inflation rates. You are losing on average 10% purchasing power of your FIAT money by only letting it sit in your bank account. So why not invest the money and participate of the next bull market? And there is nothing really to fear about, because even prices will drop for bitcoin further in the short term, as a long term holder this is not going to affect you.  Crypto currencies like most other assets tend to move in cycles, so it's just a matter of time for the next rally to come.

[Sayeds56]

-snip-

Incorrect. A few hundred dollars or a few bitcoins can also be a long-term investment, now it may be just a small amount, but when bitcoin hits 100k or 300k, it won't be a small investment anymore. In addition, if you do not have much money to buy bitcoins once, you can also accumulate monthly, yearly and your bitcoins will not be small.
Not everyone knows about trading, and not all small investors want to trade to increase the amount of bitcoin that many are still accumulating.

Not really. Like you said not everyone understands trading, doesn't mean everyone does right? I don't know, maybe in your circle there are many people buying Bitcoin for a long-term investment, at my place is the opposite. Here so many people choose short term trading to increase their Bitcoin. So you can't just say it's wrong.

There is nothing wrong (and certainly anyone can make profit from trading) with short or mid term trading provided you have got the training of using technical indicators/charts and well aware of risk and money management tools which most important to take entry and exit at right time and securing your trade with stoploss to prevent liquidation of account.

Trading is never fearful job for those who are professionals, and they enjoy doing it.

[Hyphen(-)]

As a newbie who has a little knowledge of cryptocurrency but much interest in purchasing bitcoin for a long time Hodl, since the purchasing capital is not included in my spendable budget and the price of bitcoin is not very high at the moment 16k, what should be my fear?

Pls, advise me.

You should have no concerns as long as you are only investing in Bitcoin.
There is a bright future for Bitcoin, and given how low the price has fallen in comparison to its all-time high, there is hope that it will rise above its all-time high before, during, or after the Bitcoin halving in 2024. This means you have nothing to fear, and now may be the time to invest in Bitcoin.
However, do not borrow money to invest in Bitcoin; instead, invest only what you can afford to lose.

[Iranus]

As a newbie who has a little knowledge of cryptocurrency but much interest in purchasing bitcoin for a long time Hodl, since the purchasing capital is not included in my spendable budget and the price of bitcoin is not very high at the moment 16k, what should be my fear?

Pls, advise me.

You should have no concerns as long as you are only investing in Bitcoin.
There is a bright future for Bitcoin, and given how low the price has fallen in comparison to its all-time high, there is hope that it will rise above its all-time high before, during, or after the Bitcoin halving in 2024. This means you have nothing to fear, and now may be the time to invest in Bitcoin.
However, do not borrow money to invest in Bitcoin; instead, invest only what you can afford to lose.

For us who have witnessed collapse, and experienced intense bear seasons can say that what is happening now is a regular thing. But for OP, a newbie would be hard to bear despite hearing a lot about crashes, and history shows bitcoin will recover once the bear season is over. The best way for him to overcome those things is for him to experience it first-hand, no advice is as effective as a real experience. So I will agree with you, advise OP to invest with money he can lose.

[Hypnosis00]

For us who have witnessed collapse, and experienced intense bear seasons can say that what is happening now is a regular thing. But for OP, a newbie would be hard to bear despite hearing a lot about crashes, and history shows bitcoin will recover once the bear season is over. The best way for him to overcome those things is for him to experience it first-hand, no advice is as effective as a real experience. So I will agree with you, advise OP to invest with money he can lose.

He can listen to our advice anyway but it's up to OP if he will follow or not. But putting a position as a newbie, fear can really be what we feel and it was normal. Having an experience could change a lot and could also influence the way we think in the future and the way we respond to the market. We have to conquer our fear as this would be a reason for our failure, take the risk and have some experience. We may lose money from trying but it somehow also gives us some idea of how to interact with the volatility of the market.

[Sayeds56]

For us who have witnessed collapse, and experienced intense bear seasons can say that what is happening now is a regular thing. But for OP, a newbie would be hard to bear despite hearing a lot about crashes, and history shows bitcoin will recover once the bear season is over. The best way for him to overcome those things is for him to experience it first-hand, no advice is as effective as a real experience. So I will agree with you, advise OP to invest with money he can lose.

He can listen to our advice anyway but it's up to OP if he will follow or not. But putting a position as a newbie, fear can really be what we feel and it was normal. Having an experience could change a lot and could also influence the way we think in the future and the way we respond to the market. We have to conquer our fear as this would be a reason for our failure, take the risk and have some experience. We may lose money from trying but it somehow also gives us some idea of how to interact with the volatility of the market.

Well said. There is no short cut to experience and wisdom grows when we experience difficulties, and our fear of failure goes away. We all learn lessons from our failures and move on. When you step in trading and investment field, fear of loss is natural, but we can avert it by taking advice from experienced peoples and nowadays lot of material is available on internet to make technical and fundamental analysis of crypto assets which can help us to take right decision.

[Antonas1]

-snip-

Maybe it's because the people we meet are not the same, the people I meet don't choose to trade to increase bitcoin but mainly accumulate on a regular basis. I also have friends who are traders, but they don't trade to increase the number of bitcoins. They trade with the goal of making a profit, they also invest long term in bitcoin, but they accumulate bitcoin every time bitcoin has a good entry point, or they will deduct part of the profit from daily trading to buy bitcoin every time bitcoin drops more.

Exactly! And that's why in this case you can't say I was wrong in my perception of someone's statement, because it does exist and is different.

-snip-

There is nothing wrong (and certainly anyone can make profit from trading) with short or mid term trading provided you have got the training of using technical indicators/charts and well aware of risk and money management tools which most important to take entry and exit at right time and securing your trade with stoploss to prevent liquidation of account.
Trading is never fearful job for those who are professionals, and they enjoy doing it.

I haven't done it in a long time, but my friends still do. And I don't care about them anymore. Ha ha.

[Mophymac]

Thanks all for your kind response and contributions I  appreciate you all and am delighted to let you all know that I no longer have the fear of losing my fund again because I have taken my time to read and make few research as to enable me gain more knowledge on Bitcoin investment.

[shavebob77]

bitcoin and crypto profit its like a game of "doing nothing for the most time" your fear should be exchanges trying to convince you 24 hours a day to not go to self-custody path,ignore them and be risk aware.

[GigaBit]

As a newbie who has a little knowledge of cryptocurrency but much interest in purchasing bitcoin for a long time Hodl, since the purchasing capital is not included in my spendable budget and the price of bitcoin is not very high at the moment 16k, what should be my fear?

Pls, advise me.

As of lately investing in Bitcoin is quite suitable. Many people waste time investing in Bitcoin thinking of losing. But the reality is different. I think losing your investment in Bitcoin is quite difficult, unless you are harming it in some other way. If you keep your bitcoins in a hardware wallet that would be the safest place. I think investing in bitcoins is not going to be wasted other than being stolen. A fear of many is acting out

Can the price drop? Of course, it is volatile so its price can go down or up.

That is why it is said that one should not invest more than one can afford to lose. Bitcoin can always drop - but over the long term - I recommend four years, minimum - it has always trended upwards, and often significantly. If investment is encouraged keeping these factors in mind, there will be nothing to fear. You can also invest accordingly by thinking better through your research.

[Inwestour]

Well said. There is no short cut to experience and wisdom grows when we experience difficulties, and our fear of failure goes away. We all learn lessons from our failures and move on. When you step in trading and investment field, fear of loss is natural, but we can avert it by taking advice from experienced peoples and nowadays lot of material is available on internet to make technical and fundamental analysis of crypto assets which can help us to take right decision.

People don't want to learn from experience other people, only if we make mistakes, we understand the essence and get a chance to gain experience. There are many videos and materials that are very good, but in fact it is not so easy to educate yourself. And there will always be fears, it is normal to doubt, but if we understand what we are doing, then the result is only a matter of time.

[xSkylarx]

Well said. There is no short cut to experience and wisdom grows when we experience difficulties, and our fear of failure goes away. We all learn lessons from our failures and move on. When you step in trading and investment field, fear of loss is natural, but we can avert it by taking advice from experienced peoples and nowadays lot of material is available on internet to make technical and fundamental analysis of crypto assets which can help us to take right decision.

People don't want to learn from experience other people, only if we make mistakes, we understand the essence and get a chance to gain experience. There are many videos and materials that are very good, but in fact it is not so easy to educate yourself. And there will always be fears, it is normal to doubt, but if we understand what we are doing, then the result is only a matter of time.

The fear would be lessen if you have knowledge on what we investing. If you have confidence on what you are doing since you learn it , gather resources online and also experience it in previous then fear is not the problem its your decision if it is right or wrong. Yes a lot of videos and other learning materials online but without willingness to find,read and watch it , it is still useless. Though you are right it is difficult to learn but that is for your own good and also motivate your self in learning so that you will continue it on daily basis.

[White pawn]

Thanks all for your kind response and contributions I  appreciate you all and am delighted to let you all know that I no longer have the fear of losing my fund again because I have taken my time to read and make few research as to enable me gain more knowledge on Bitcoin investment.

You never said you were afraid of losing your funds as you asked what you should be scared of. And I highly doubt that you took any time to read any comment from members here. I wish you would enlighten me on some of the knowledge you got from that time you took out to read and make few research on bitcoin investment.

[uchegod-21]

Thanks all for your kind response and contributions I  appreciate you all and am delighted to let you all know that I no longer have the fear of losing my fund again because I have taken my time to read and make few research as to enable me gain more knowledge on Bitcoin investment.

You never said you were afraid of losing your funds as you asked what you should be scared of. And I highly doubt that you took any time to read any comment from members here. I wish you would enlighten me on some of the knowledge you got from that time you took out to read and make few research on bitcoin investment.

That is a very nice observation from you. The person that created the topic did not say that he was afraid to lose his money. He just said that he is willing to invest in a long time that what will be his fear? Maybe he had fears of losing his money in his mind but did not share it with us.
Saying that he did not read through the threads is not good because it is making him a liar and there is no rule that says that he must write what he understood for you to believe that he has read through

[Stedsm]

Your greatest fear at this moment should be keeping your money safe in crypto. Buying BTC any moment gives you the license to be called a Bitcoiner, but to become a complete geek in this field, you must follow a few things before you can say that everything is perfect for you.

First things first, create a new wallet, Electrum and Mycelium are 2 of the industry's best, you can also go for Ledger or Trezor but you'll then need to go deeper in learning how to use it before storing your coins there. Don't worry, they provide great help to you when it comes to letting you understand how to use their hardware wallets.

Now, don't share your mnemonic phrase/passphrase/seed with anyone. It can be between a 12 and 24 word password kinda phrase that helps you retrieve your account if you anyhow lose control of your wallet on your current device. Never ever share it with anyone.

And the last stage, buy BTC. You got all the options from a credit card purchase to buying it through gift cards and even you can deposit USD on exchanges like Binance and then buy BTC with it over there. But, do not keep your funds at any exchange, be it Binance because what happened with FTX was a great example of where you should store your coins at. If you follow these simple steps, you should never be scared of anything because price is going to fluctuate but that's a completely different story and if you're gonna hodl for longer, please keep your money safe with yourself and under your own monitoring.

[stomachgrowls]

Thanks all for your kind response and contributions I  appreciate you all and am delighted to let you all know that I no longer have the fear of losing my fund again because I have taken my time to read and make few research as to enable me gain more knowledge on Bitcoin investment.

You never said you were afraid of losing your funds as you asked what you should be scared of. And I highly doubt that you took any time to read any comment from members here. I wish you would enlighten me on some of the knowledge you got from that time you took out to read and make few research on bitcoin investment.

That is a very nice observation from you. The person that created the topic did not say that he was afraid to lose his money. He just said that he is willing to invest in a long time that what will be his fear? Maybe he had fears of losing his money in his mind but did not share it with us.
Saying that he did not read through the threads is not good because it is making him a liar and there is no rule that says that he must write what he understood for you to believe that he has read through

When someone do make out some words or post without clarifying then us readers or the community would be just basically be able to point out on what he do mean about fear.
There's no other way around on what people should fear but only on the fear on where the price would be going if he's basically been using up the funds which is really not that he needs or something
do talks about savings which i would say that you wont really be bothered or fearing much if ever it would really be still negative. Honestly, the current price we do have now is really that something
considerable to get in or  something we could really say that it would really be just fine nor considerable on getting in or making some buys as of this time.

[poldanmig]

As a newbie who has a little knowledge of cryptocurrency but much interest in purchasing bitcoin for a long time Hodl, since the purchasing capital is not included in my spendable budget and the price of bitcoin is not very high at the moment 16k, what should be my fear?

Pls, advise me.

Your fear may be the same as all of us here, namely the fear of a further decline in prices after making a purchase, but that is just a risk that is difficult to avoid, but despite all the risks that exist, I think you are doing right now is right by buying bitcoin at the price is relatively cheap ($16K) so it can be said that you have now made a small profit today (today bitcoin rate is $17.8K) and of course it is the fruit of your courage to take risks.

[Oasisman]

Thanks all for your kind response and contributions I  appreciate you all and am delighted to let you all know that I no longer have the fear of losing my fund again because I have taken my time to read and make few research as to enable me gain more knowledge on Bitcoin investment.

That's good to hear. You don't need to worry regarding your investment in Bitcoin, especially that you have a plan for a long term hold. That means, you're not gonna be bothered with ups and downs of the price movements as you, for sure have set your own target. In fact, for the long term hodlers, it is always an opportunity to buy when they see the market is suffering from a sharp decline.
However, another things to be afraid of when you do have Btc already is, when you use a certain platform that let it holds your Btcs, you'll never know, they might gonna steal your asset right in front of you. So, you better have to make a research as well on how to secure your Btc and where to store it safely.

[BlackRexuz]

As a newbie who has a little knowledge of cryptocurrency but much interest in purchasing bitcoin for a long time Hodl, since the purchasing capital is not included in my spendable budget and the price of bitcoin is not very high at the moment 16k, what should be my fear?

Pls, advise me.

If you buy Bitcoin for investment purposes, then you don't need to be afraid, and what else do you say that buying Bitcoin money is money outside of your household shopping needs, in my opinion the right decision to buy at 16k is very right, so you don't need to  worry about your purchase, because we are at the end of the 4 year cycle, in my opinion you just have to wait for the movement of Bitcoin to the price of 60k, the rest is your business.

I'm only giving advice, it all comes back to your decision, as the holder..

[Rockstarguy]

As a newbie who has a little knowledge of cryptocurrency but much interest in purchasing bitcoin for a long time Hodl, since the purchasing capital is not included in my spendable budget and the price of bitcoin is not very high at the moment 16k, what should be my fear?

You don't need to get a big capital before you start buying Bitcoin.  You can Bitcoin as low as the amount you can afford,  buying Bitcoin in fraction is the easiest way to acquire bitcoin.  If you wait to buy the exact big amount you want, you may keep wishing to buy and never buy at last.

Pls, advise me.

It is adviceable for you to get knowledge and understand bitcoin first before going ahead to invest, you need to understand bitcoin market and the risk so that you can invest in peace when the market goes down,  by then you already understand the market and you don't have any panic to fear to sell at lose.

[Thomas Kralow]

As a newbie who has a little knowledge of cryptocurrency but much interest in purchasing bitcoin for a long time Hodl, since the purchasing capital is not included in my spendable budget and the price of bitcoin is not very high at the moment 16k, what should be my fear?

Pls, advise me.

You don’t need to be afraid at this stage, all you need is to understand Bitcoin as much as possible, then calculate your investment ratio and short-term planning, and hold it for a long time. No more advice, hope your bitcoin journey goes well.

[eddie.gouws]

As a newbie who has a little knowledge of cryptocurrency but much interest in purchasing bitcoin for a long time Hodl, since the purchasing capital is not included in my spendable budget and the price of bitcoin is not very high at the moment 16k, what should be my fear?

Pls, advise me.

Fear is a natural emotion that everyone experiences in life. While it can be used to motivate us and push us to take action, too much fear can lead to paralysis and limit our potential. It’s important to understand what types of fear are healthy and productive so you can use them in your favor, while avoiding the unhealthy kinds of fear that impede progress.

One common fear many people face today is the fear of uncertainty. With economic volatility and rapid technological advancements, it’s natural for people to feel unsure about their future prospects. The best way to address this kind of worry is by understanding the trends that are shaping our world today and preparing yourself with information on how those changes will affect you directly or generally in society at large.   

For example, one major disruptive technology that’s gaining ground lately is cryptocurrency (e.g. Bitcoin). As its usage increases around the world, understanding its basic principles and implications for different industries can help you make informed decisions about whether or not this trend could benefit you financially or professionally down the line. Doing research on cryptocurrencies before they become more mainstream means staying ahead of potential opportunities – something that anyone should consider as a part of their overall budgeting strategy as well as long-term planning process within their career trajectory!