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

[xSkylarx]

Buy and set aside your emotion! It would be easy to say but difficult to do as we all have these kinds of emotions, we tend to panic sell and we are greedy. Most of our decision when it comes to holding is that our emotions, we hold but later a few weeks we saw that the bitcoin keeps dropping we tend to sell it in loss but if we set aside our emotion if we hold it whether the price drops keep it for a couple of years then for sure there is a profit that is why other holder controls their emotions, others are not checking the price and other forget it so that they won't trigger their emotions

[1714702204]

1714702204

[yazher]

You can spend some spare money and buy a little amount of bitcoins whenever you have already spent your money on your essential needs. in this way, you can support bitcoins and also minimize the risk of being a failed investor because you are aiming to hold it for a long time. This is the safest method you can follow because others are extreme and they even take a long to buy some bitcoins others go overboard where they sold their house just to join the trend of holding bitcoins. Yes! they might become the luckiest men alive when the price will spike shorter than they expected. but it's better safe than sorry to make things easy for you while you live your life to the fullest.

[Kryptowerk]

First response was:
Buy low, sell high dont't sell at all (aka hodl).

There is more to it however:
- Don't chase quick gainzzz. 99% of projects and coins etc are vaporware, scam, total bs or just unecessary.
- Have a "strategy" that you stick to. In this way, you can and should resort back to it when you are tempted to make a quick, possibly irrational decision. Just generally, unless part of your strategy (for example "buy if below xyz $") don't make any quick decisions at all.
- Don't try to be a trader (unless you enjoy paying rent for the 0.x% of actually successful traders out there) - have a good doller-cost-average buying strategy over a longer period of time. You can slightly adjust whenever there are dips - but neither panic-buy or panic-sell. It all comes back to my previous point.
- Have at least a real job or better yet several sources of income and don't put everything on one card/coin. Only put a tiny percentage of your earnings into crypto. Diversify.
- Be patient and use your brain. FOMO and FUD should be identified quickly and avoided.

[posi]

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

I want to ask, does your chart reading indicate that bitcoin has spiked in the past few days? As far as I know, the rise in the price of bitcoin has taken everyone by surprise, and almost no one has made an accurate prediction of what bitcoin has done in the past few days. I am not saying chart analysis is useless but it is not the key to success. Many investors don't know how to analyze charts, and they are holders, they still succeed with bitcoin.

[crwth]

I think the key to successful investing in bitcoin is knowing that bitcoin is worth more than you think it is. Imagine believing it is worth $100,000 and you selling it for $20,000 is a huge setback. You would feel dumb and sad and probably regret that you have sold it in the first place, so it’s better that you see it as more valuable than it is now so you wouldn’t have to sell it. It’s just like how some collectors profit as well.

[Solokan]

I think the key to successful investing in bitcoin is knowing that bitcoin is worth more than you think it is. Imagine believing it is worth $100,000 and you selling it for $20,000 is a huge setback. You would feel dumb and sad and probably regret that you have sold it in the first place, so it’s better that you see it as more valuable than it is now so you wouldn’t have to sell it. It’s just like how some collectors profit as well.

Your opinion is also good and at the same time reminds  of the journey of people who invested in the past, namely in 2009 and sold bitcoins in 2021 when the price was high. means the point is we have to be strong to survive, and not to sell before big profits.

[lizarder]

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

That's how most people invest in bitcoin, buying when the price is low, then selling when the price is high. But if we are able to take advantage of any conditions, bitcoins can be bought even if the price is slightly higher.

Suppose you buy bitcoins at a higher price, the pattern you have to do is wait for the increase from the previous purchase price and that's why bitcoin is considered a long term investment.

: must hold strong, and do not sell it when the price drops.

That's the mistake people often make, selling bitcoin because they experience panic when prices start to fall against the correction process.

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

What causes people to sell bitcoins when the price drops?

• Panic and do not understand the bitcoin cycle

• Trying to cut losses with the wrong pattern

• The lack of knowledge that can stifle excessive worry about the state of bitcoin during a correction.

I, who don't have much experience in bitcoin, want to ask what is the key to your successful investment in bitcoin?

The key to successful investing in bitcoin, simple enough?
"Keep calm and don't panic".

[spectre71]

Live and die by the spreadsheet. Make a plan down on paper and stick to it leaving emotion "beliefs" out of it. When I reach a predetermined profit (33%) of my base investment I take the profit and diversify while still maintaining DCA.
 
This recent bump I took ALL my profit down to my base securing it. It will go down and my DCA will still be ticking away.

My base investment is my hodl and not afraid to take a profit off of it. I don't lose sleep this way.

[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 best recommendation I can give anybody who is new to crypto investing is not sell valuable and profitable projects for a short term gain or to avoid a short term loss. As long as you are not selling any coins you are not realising losses. If you don't need the money then there is no real pressure to sell. Crypto currencies as most other asset classes like stocks move in cycles, after a bear market we have right now there will come a bull market eventually. And if we are not invested in the market we might miss out on the next bull market. My biggest investing mistake was to sell all my bitcoins on 2016/2017 and miss out on the big rally 2 years ago. I am not going to repeat that mistake again. HODL has been one of most successful strategies for all the people wo jumped into the bitcoin market very early. Don't worry too much about short term price movements and focus on the long term trends instead.

[tjtonmoy]

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

I got your point. You need to see at other people who are still holding their assets and not selling them. You will find that those people has been in this industry for a long time. And they know very well when to buy and when to sell. Those who sell their assets while the price is going low, maybe they are newbie or weak hearted people, taking decision based on their emotions. It's not a bad thing for those holders because it helps the market to get rid of those weak hearted newbies. Thus creating a proper balance in the market.
And on the other hand, you may see other professional traders selling their assets in the time of down market. They are selling them because they know that when the market will go down further, they will be able to buy more with the same price which will grow when the market goes up again. This is called DCA or dollar cost average. It's a common practice among pro traders to grow their holdings.
Hope that answers your question.

[8rch7]

Buy and set aside your emotion! It would be easy to say but difficult to do as we all have these kinds of emotions, we tend to panic sell and we are greedy. Most of our decision when it comes to holding is that our emotions, we hold but later a few weeks we saw that the bitcoin keeps dropping we tend to sell it in loss but if we set aside our emotion if we hold it whether the price drops keep it for a couple of years then for sure there is a profit that is why other holder controls their emotions, others are not checking the price and other forget it so that they won't trigger their emotions

Whether or not the decision to invest in bitcoin is wise depends on the timing and investment strategy of each, until now I still believe in bitcoin, especially for serving transactions between countries which have enormous value and we can make them assets on digital, investors who buy bitcoin on In 2011, you can be sure that you are rich now, but those who bought it at the beginning of this year must be frustrated now, from a fundamental point of view, bitcoin technology has enormous potential compared to investing in other assets, if we have a strong mentality, we can definitely get success in investing bitcoin.

[qwertyup23]

One of my keys to success is always the price history index of BTC. The fact that it started from nothing and it slowly gained traction in the coming years is one solid basis for me to HODL my coins long-term. In addition, there has been a trend that every fork/halving, the price of BTC increases. I guess those are enough proof and basis for me to rely on to keep continue in HODLing my coins.

Lastly, the price of BTC at the last quarter of 2022 was around $6500. Currently, the price sits comfortably around +$7000 which guaranteed a profit to most BTC HODLers who bought BTC during that time.

[Cryptmuster]

The best recommendation I can give anybody who is new to crypto investing is not sell valuable and profitable projects for a short term gain or to avoid a short term loss. As long as you are not selling any coins you are not realising losses. If you don't need the money then there is no real pressure to sell. Crypto currencies as most other asset classes like stocks move in cycles, after a bear market we have right now there will come a bull market eventually. And if we are not invested in the market we might miss out on the next bull market. My biggest investing mistake was to sell all my bitcoins on 2016/2017 and miss out on the big rally 2 years ago. I am not going to repeat that mistake again. HODL has been one of most successful strategies for all the people wo jumped into the bitcoin market very early. Don't worry too much about short term price movements and focus on the long term trends instead.

You can divide your portfolio, leave the main part on a cold wallet for hold, this will guarantee you a profit with the onset of a bull run and save you from prematurely selling coins. And you can allocate a small part for trailing, if necessary, you can try to sell and buy in order to increase your quantity of bitcoins, but in the end, most likely what you left on hold will bring you a big profit...

[_BlackStar]

I think the key to successful investing in bitcoin is knowing that bitcoin is worth more than you think it is. Imagine believing it is worth $100,000 and you selling it for $20,000 is a huge setback. You would feel dumb and sad and probably regret that you have sold it in the first place, so it’s better that you see it as more valuable than it is now so you wouldn’t have to sell it. It’s just like how some collectors profit as well.

The key to success for anything is patience and discipline. It takes time to generate a worth the profit or return on any investment and that is an absolute must, so patience and discipline are key. Indeed, not everyone will be able to do it, but at least they will get it if they are more patient even if they are not experts. The character that every investor has will be different, so it will also determine how likely it is for them to be successful in their investments.

It's true that everything will correlate, but discipline and patience is something that is needed because we never know when we can produce higher amount of x than now.

[nurilham]

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

This is not the key to success, it is the basic thing to do in both investment and trading.
If you don't buy at a lower price, you will never earn profits. Everyone knows about this basic thing.

: must hold strong, and do not sell it when the price drops.

Yep. This is a must to do, to have a chance of selling at a higher price. Sure, there will be no profits if we easily do panic selling whenever seeing a dump. But to do this, the key is to have a patience and strong belief. Everyone who has no patience and belief/trust, is likely to be affected on the huge dump and much bad news. They will panic and decide to sell directly because they think to have no future of the investment.

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

It is because they have no trust/belief in the future of Bitcoin. It may be caused by a lack of knowledge and experience about Bitcoin investment.

[hyudien]

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?

Idealism in investing in Bitcoin is of course the key to being consistent and having an affordable intake of funds. In cases that we often encounter where people are forced to sell at reduced prices due to insufficient needs. My point is Bitcoin is suitable for the long term not just looking at it from a short profit taking range and hoping to wait in a long bear market. I think stable finances determine consistency in investing. Therefore, before investing, we must ensure that all basic needs are met and get more to invest. Because if not, cases of forced sales will continue to repeat and so on until the investment program in Bitcoin always fails.

[Ziskinberg]

What we need OP is to think what is the reason why we invest in Bitcoin. I'm sure we don't want losses but certainly a profit and success. That is why there is no reason to think negatively and acted opposite to what we wanted to happen but for sure of working hard in order to achieve no matter what will happen. Success can't be easy and it takes time, and if we are in a hurry, it is impossible we go there and reach our goal.

 - patience and positivity

[Mate2237]

At I first I confused of the language or should I say the grammatical blunder. It was when I finished reading the OP, I understand the message passed in the content. Well
, If I may, it is not only bitcoin one can invest and becomes successful in life there are other businesses that one can invest and becomes successful. Real Estate can also fetch you a lot of money. The risk you see in other businesses or Investment can also be found in the Bitcoin Investment. So when investing in bitcoin, take caution very well.

[danadc]

At I first I confused of the language or should I say the grammatical blunder. It was when I finished reading the OP, I understand the message passed in the content. Well
, If I may, it is not only bitcoin one can invest and becomes successful in life there are other businesses that one can invest and becomes successful. Real Estate can also fetch you a lot of money. The risk you see in other businesses or Investment can also be found in the Bitcoin Investment. So when investing in bitcoin, take caution very well.

I don't have 1 bitcoin, but I have fractions of bitcoin that I would like to gather to form 1 one day, because I know that having 1 bitcoin would give me to live a great life, at this time I could not say that it is something that will fill me up that I will assure my life, but I know that in about 10-15 years yes, because bitcoin is not going to stay at the price it is at now, the price will be very high in the future, and I know that it will be very high with respect to fiduciary money This is enough for the most intelligent to react and do not hesitate to acquire the bitconi at all costs, it is the best savings if you want to have a full life.

[Viscore]

Get a job, at the very least, or add another source of income. If you don't have extra cash to risk on a highly volatile asset, you can't just buy bitcoin. In addition, exercise discipline in all financial decisions, just as you would in any other area of the market for investments. And more importantly, improve your security and privacy to protect your hard earned money.

That is how you stay in the long run.

You can't just rely on bitcoin alone because its a highly volatile investment, so have your own main source of income and make bitcoin as a side hustle. That way, even if bitcoin drops its price most of the time, you will not be bothered and triggered to sell. So you can hold it for long term and make significant profits in time.