what is the key to your success investing in bitcoin..

[Mauser]

I, who don't have much experience in bitcoin, want to ask what is the key to your successful investment in bitcoin?
and I want to ask if you have ever experienced investment losses in bitcoin?

The first time I ever heard about investing and money management was in a book from a famous stock trader in the 80s and 90s. His main rule of investing was to buy as many different stocks as possible and forget about them. Trading too often only results in high transaction costs and doesn't really lead to a high outperformance of the market over a longer period of time. This is basically what the whole HODL strategy is about, buy crypto currencies and hold them for a long period of time. With the HODL strategy we can save a lot of time trading and also don't need to worry so much short term price changes. Unfortunately I didn't follow the strategy myself when I first started out with Bitcoins, if I had kept all my coins since 2016 I would be a happy man today. Everybody is going to experience losses when they start investing, it's part of the game and still the best strategy in my opinion is to hold our coins as long as possible.

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[kryptqnick]

So far, excluding the current bear market (which may or may not be coming to its end now), there were no losses of investment into Bitcoin for anyone who waited long enough. No matter at which price a person bought, Bitcoin has always recovered at some point. With altcoins, you can lose and never see your coins rise up high enough. With Bitcoin, it has never happened before, even though it's true that there's no protection against for the future. So it's not a loss if you don't sell. And considering that people shouldn't invest what they can't afford to lose, not selling shouldn't be an issue.

[wahyuagung26]

Maybe in my opinion and now what we are doing is holding it as best we can, continuing to buy during a bear market, and selling when it is already possible to predict a good result, but the main key is waiting for the bull to fully run and selling it at that time , with this method I think every Bitcoin investor will get satisfactory results, regardless of the method, I suggest that you find a job and you use half of your salary to invest in Bitcoin.

But what is not recommended is to sell it in a hurry and not see market conditions that are not good, maybe this happens to our colleagues who are beginners, but the work of holding Bitcoin is a little difficult to do, depending on how the management of the existing establishment is against oneself, maybe a strategy what is very effective to do is to keep holding it and waiting for the right time to get maximum results, this is one of the main keys in investing towards glory and success.

: buy at a low price sell at a high price.

And this is what is meant by very powerful techniques and strategies to use in investing, all of us and also big/small investors certainly use this method, and for our colleagues who are beginners, it is highly recommended to take these actions/steps.and the most important step is to keep holding these assets from a Bear market condition so that the bull market replaces the Bear Market position

[justdimin]

So far, excluding the current bear market (which may or may not be coming to its end now), there were no losses of investment into Bitcoin for anyone who waited long enough. No matter at which price a person bought, Bitcoin has always recovered at some point. With altcoins, you can lose and never see your coins rise up high enough. With Bitcoin, it has never happened before, even though it's true that there's no protection against for the future. So it's not a loss if you don't sell. And considering that people shouldn't invest what they can't afford to lose, not selling shouldn't be an issue.

That is true and yet so many people do not understand the situation. If you bought bitcoin at 68k, even that could be fixed and you could get into profit for sure. I am not saying that it is a bad or good thing but it is definitely a situation you shouldn't worry about all the time.

If you bought at 68k instead of 16k, I can see what that could be considered bad, that's true, but if you sell now? That would be one of the biggest mistakes you would ever make. Hence, even if it was a bad thing in the past, it's time to find a solution and the solution is that bitcoin is something we should be recovering if we could, and that's a lot more important.

[Smack That Ace]

So far, excluding the current bear market (which may or may not be coming to its end now), there were no losses of investment into Bitcoin for anyone who waited long enough. No matter at which price a person bought, Bitcoin has always recovered at some point. With altcoins, you can lose and never see your coins rise up high enough. With Bitcoin, it has never happened before, even though it's true that there's no protection against for the future. So it's not a loss if you don't sell. And considering that people shouldn't invest what they can't afford to lose, not selling shouldn't be an issue.

That is true and yet so many people do not understand the situation. If you bought bitcoin at 68k, even that could be fixed and you could get into profit for sure. I am not saying that it is a bad or good thing but it is definitely a situation you shouldn't worry about all the time.

If you bought at 68k instead of 16k, I can see what that could be considered bad, that's true, but if you sell now? That would be one of the biggest mistakes you would ever make. Hence, even if it was a bad thing in the past, it's time to find a solution and the solution is that bitcoin is something we should be recovering if we could, and that's a lot more important.

If you buy bitcoin for $68k, that can still be fixed. But in the time you wait to correct your mistake, many others have even made huge profits. Bitcoin is good but not buying at any price is good. After all: bitcoin is just a commodity to make a profit, and to do that, you need a strategy, a good plan, and an excellent time to start. If you buy bitcoin for $68k and it takes you another 4 years to payback, then it is a failed investment.

[Anonylz]

Knowing when to buy and when to sell is the key to being successful in this space. Buying btc at ath and expecting the market to maintain its price is impossible, you will end up holding for another 2 to 3 years before you are able to sell with a good profit. so it is very necessary to understand the market trend and know when to get in and exit. This I have learned over time.

[danadc]

This is a question that can be asked to prove many things, the first thing for bitcoin believers like us who are and believe in everything about Bitcoin and that Bitcoin will be the currency of the future, it does not cost us anything to make a good investment, but For those who do not believe much in bitcoin, it is something that will not give them their head to do things right, they prefer to invest in the stock market, in other markets that in a global fall everything will go to the ground, but they do not care fleeing before they believe in Bitcoin, these failures are always evident, it is like what claims to be dead first than bathed in blood.

[BITCOIN4X]

The main key is to have funds, buy, hold in the long term.
But for anything, the risks of investing in bitcoin should not be ignored. Wallet security is the responsibility of the users themselves, besides that they must also be able to control their emotions towards price volatility.

All of us just need to understand that whatever we believe is profitable, there is always a risk of loss. The volatility of the bitcoin price is one of the reasons, so this can only be done for the amount we can afford to lose, nothing more.

[famososMuertos]

The question does not have to be restricted to bitcoin... let's start there, as any asset and investment requires general knowledge in investments, skill and generally knowing your weaknesses well.

That is, sometimes it is not treated as in this case of bitcoin, the individual in his actions is part of the success.

...
but in reality there are so many people who sell when the price drops, even though they have to take the risk of loss.
---....

That should not be something instinctive, in fact it is a technique and widely used, selling at a loss is part of the skills of knowing "when...?"

[pixie85]

Knowing when to buy and when to sell is the key to being successful in this space. Buying btc at ath and expecting the market to maintain its price is impossible, you will end up holding for another 2 to 3 years before you are able to sell with a good profit. so it is very necessary to understand the market trend and know when to get in and exit. This I have learned over time.

I don't agree. You don't have to be a trader to be successful.

Would you say that early investors had to know when to buy and sell?

I bought my coins years ago, earned some along the way. I think I'm somewhat successful because my bitcoins are worth much more than when I got them. I don't know when to buy or sell, I just buy whenever there's a big drop in price and I try to get as much bitcoins as I can. I don't sell them, It's a wealth allocation strategy.

I'm planning to hold as long as I can and if I'm lucky bitcoin is going to be worth hundreds of thousands of dollars before I start thinking of using it. If it takes 10 years, so be it.

[The Cryptovator]

When you are an investor, patience is essential to your success. You cannot earn or make money from cryptocurrency if you lack patience. You chose to buy it because the price you paid was your dip. So you must remain calm as prices continue to fall. We must remain strong until it recovers. If you panic and sell at a loss, no one will be able to assist you. Only patience can assist. So, before you jump in, give it some serious thought. You should not be sorry later.

[Oneandpure]

Based on my experience about what is the key become success investing in Bitcoin depended how your patience and emotional controlling, some many investor losing their investment assets in Bitcoin due greedy and never have management controlling about how much profit available for selling their assets and try to be long term holding although price going dump.

Don't blame with CZ word about "if you can't hold you can't be rich" that not always true, many time altcoin investing drop drastically after long term holding and better take profit as soon possible when having opportunity after price going up.

[serjent05]

Knowledge is one of the important factors of success in investing in Bitcoin.  With knowledge comes faith in technology.  Since we will know the potential of the technology we will believe that it will become successful thus having faith in the success keeps us holding Bitcoin.  This also triggers patience since being informed that one day the price of Bitcoin will increase, and having faith that it will, we are tend to have patience and hold our Bitcoin until the day our target selling price is met.

[Vaskiy]

Knowledge is one of the important factors of success in investing in Bitcoin.  With knowledge comes faith in technology.  Since we will know the potential of the technology we will believe that it will become successful thus having faith in the success keeps us holding Bitcoin.  This also triggers patience since being informed that one day the price of Bitcoin will increase, and having faith that it will, we are tend to have patience and hold our Bitcoin until the day our target selling price is met.

Knowledge is important for a person to make him successful in life. With the knowledge he had acquired through different ways help him take the right decision and move on the right track. To be successful out of bitcoin investment knowledge isn't much  important, even with the basic information about bitcoin you can succeed. All that required is the patience and the belief over the growth.

[boldandbrave]

People who sell bitcoin even though they know they are losing money it seems they don't use extra money to buy bitcoin so they panic when the price drops.
I always use the DCA method of investing while still observing the market chart. I can't say I'm successful in investing in bitcoin and I still don't have much experience in the cryptocurrency world

[Dzwaafu11]

For you to be successful in investing in bitcoin you must be very patient because isn't something that you'll put and invest today or tomorrow, I call it slowly but surely 😊 then put the amount of money that you'll be able loose......
You've to be careful of scammers and other things.

[hZti]

The best strategy for bitcoin was always to buy as much as possible and not sell any! Bitcoin is not to be compared to other assets, because it is new and can not be traded successfully if you ask me. It can however be gambled

[worle1bm]

The main point for me in case of btc investment is how you safely keep your funds in your custody after you have risked the investment in it because as we all are aware there are many scams and chance of losing your funds apart from dips and market crash.So at last it matters a lot as you will earn rewards for the time you hold your funds.The second thing is you must invest extra so in case of dips you shouldn't get panic attacks having source of income apart from your investment to backup you which is also important.So keep such things in mind always.

[bitzizzix]

Successful investing in bitcoin in my opinion, first you have to have a job or steady income. Because with this you can invest by doing DCA every time you get income and do it after you meet your needs and you can invest the rest, and you don't need to invest large amounts of money and do as much as you can and with your money you can lose, because with small capital if done regularly it will be big.
and do everything for the long term because in the long term you will earn good profits and bitcoin is a very reliable investment for the long term, and it also requires a lot of patience during falling prices to stay calm and take advantage of the downturns to increase buying.

[Woodie]

When I got to know of bitcoin a few years back, people have always preached to buy low and sell high or buy the dip and hodl but unfortunately this alone doesn't just work!

To be successful with crypto investments one needs to know how to actually read charts, interpret candlestick movements and all the fun stuff and once you get to this level then you are ready to make sound decisions with the backing of your chart reading skills.

So my key to successful investing is knowing how to read charts!