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

[Kasabus]

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 should have a stable income in the first place if you wish to invest and stay long term with bitcoin knowing bitcoin will never guarantee as a source of living. And it’s price will always be unpredictable so if you are just here for quick profits, I should say that it won’t work in bitcoin. Also, investing in bitcoin also has a high risk and if you are not ready to lose, it’s best not to invest in bitcoin and focus on real in demand businesses offline.

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[Vaculin]

It was said that the key to our success in investing in Bitcoin is to have knowledge about Bitcoin.  We should know and understand the technology behind Bitcoin.  We must do our own research and just don't rely on hearsay. Bitcoin is a marathon so we should have a long-term perspective.  We must know when to buy, when to sell and when to accumulate.  We should always be prepared for any volatility of Bitcoin in order for us not to panic sell and be calm when crashes happen.  We should always keep ourselves updated about Bitcoin and its regulation since regulation may change from time to time and ignorance about it may incur losses to our Bitcoin portfolio.

Just keep updated about bitcoin and you will never incur losses in the process. And it’s really important that you also have significant experiences investing in bitcoin even initial losses because that will teach you lessons that will help you to be more successful investing in bitcoin.

[Russlenat]

everyone definitely wants to be successful in investing, especially in bitcoin. and of course it is not easy to achieve success in investing, even though it sounds easy to invest in bitcoin, for example as follows:

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

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

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, 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?

I hope my post is useful for me and all in this forum.

If you have less experiences with bitcoin, then it’s less likely to make you a successful investor. Because we all know that experience will always be the best teacher not only when it comes to investments but certainly in all aspects of life. And also, discipline and patience, because if you don’t have that, even if you get a lot of profits from bitcoin but as long as you never secure your finances and you tend to be more greedy most of the time, still you will never be successful in the end.

[Asiska02]

and I want to ask if you have ever experienced investment losses in bitcoin?

I doubt that no one has ever lost money after investing in bitcoin at this point and in this state. These losses are warning signs and lessons to avoid red flags after investing in order to know when to sell, hold, or buy more. Most people will always be at a loss if they do not have compatible knowledge of this.

[Ryu_Ar1]

For now maybe I can still be said to be new to bitcoin but I still emphasize to myself that I have to try to hold back as long as I still don't get any significant problems and my finances are still quite stable as long as I still don't get the results I expected. will still hold on to this.
On the other hand I always encourage myself as long as I still have extra money I will continue to buy especially with the current condition of bitcoin even though they are now at $ 22k.
Waiting for the right moment under obvious other options makes me a little more motivated.

[Mahanton]

and I want to ask if you have ever experienced investment losses in bitcoin?

I doubt that no one has ever lost money after investing in bitcoin at this point and in this state. These losses are warning signs and lessons to avoid red flags after investing in order to know when to sell, hold, or buy more. Most people will always be at a loss if they do not have compatible knowledge of this.

We could still have that negative losses but those arent realize unless if you do close up a certain trade but if not then those are still tentative and still not considered losses if it wasnt finalized.
It is really just that it is really hard to make yourself that emotionally stabled when you do see the price is plumetting.It is really just normal since we are just humans which does have emotions
and seeing our money is decreasing which we would really be having that normal reaction when it comes to this.So the key on success on investing on bitcoin is to be that emotionally stable
in regards with your investment and dont easily freak out or panic in.

[Distinctin]

everyone definitely wants to be successful in investing, especially in bitcoin. and of course it is not easy to achieve success in investing, even though it sounds easy to invest in bitcoin, for example as follows:

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

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

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, 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?

I hope my post is useful for me and all in this forum.

Personally, i would advise you to believe in bitcoin first and everything good will follow eventually. Regardless of how the market will be, you will not be easily triggered with the pressures around and that will make you stay long in bitcoin. With proper determination and strong resilience, that would be good enough to withstand all the trials with investing in bitcoin.

[autumnleaf]

To generate money, I believe investing in Bitcoin must be a secondary source of income, or at the very least something you do when you have extra cash. You must concentrate on a source of passive income, such as a regular employment or business. HODLing is essential since investing in Bitcoin is risky and volatile but it pays off handsomely over the long run.

[Marvell1]

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?

Not just bitcoin, when you invest in any field or do anything, the only way to success is knowledge. Only when you have knowledge will you know what you should and shouldn't do to achieve success. There is no secret formula for success when investing with bitcoin, all you need is knowledge. So instead of trying to find tips or shortcuts to get rich quickly, you should focus on gaining knowledge and spending more time on bitcoin.

[xSkylarx]

To generate money, I believe investing in Bitcoin must be a secondary source of income, or at the very least something you do when you have extra cash. You must concentrate on a source of passive income, such as a regular employment or business. HODLing is essential since investing in Bitcoin is risky and volatile but it pays off handsomely over the long run.

Others made Bitcoin as their primary income like trading and also they are holding but it is risky as it is very volatile that is why others are still working and at the same time they are investing their extra money from salary on bitcoin. Others was also transitioning from saving money from piggy bank or depositing money on banks they will now be buying bitcoin as the profit is very high and they took the risk of holding it in the long run. Though holding is very difficult if you cant control your emotions that is why you need to have to control your greed and emotions so that you will not bail out.

[Aanuoluwatofunmi]

Holding is one of my keys to having a successful experience with bitcoin, using a decentralized exchange is another one to help you have maintain being private while continuous learning is what guarantee growth together with your crypto experience, you need to exercise being patient as well while holding, theirs always a time for everything, many investors don't wait for the maturity to their investment before selling off, lastly invest larger percentage of your asset on bitcoin and avoid risk on loosing by adopting dollar cost averaging technique.

[Minecache]

To generate money, I believe investing in Bitcoin must be a secondary source of income, or at the very least something you do when you have extra cash. You must concentrate on a source of passive income, such as a regular employment or business. HODLing is essential since investing in Bitcoin is risky and volatile but it pays off handsomely over the long run.

Others made Bitcoin as their primary income like trading and also they are holding but it is risky as it is very volatile that is why others are still working and at the same time they are investing their extra money from salary on bitcoin. Others was also transitioning from saving money from piggy bank or depositing money on banks they will now be buying bitcoin as the profit is very high and they took the risk of holding it in the long run. Though holding is very difficult if you cant control your emotions that is why you need to have to control your greed and emotions so that you will not bail out.

If we want to survive in the market, we need at least 1 or 2 sources of income other than cryptocurrencies because the market is very volatile, and it is not always possible to profit from it. Investing in bitcoin should not be considered a major source of our income.

Also, I don't think using savings or bank deposits to invest in bitcoin is a good decision, you need to consider that it is money that you will not use in the future or for emergencies. Bitcoin investment can bring big profits but also make you lose everything, so invest only with money you can lose, and it won't affect your life.

[tygeade]

Firstly, proper knowledge about Bitcoin and crypto market is needed to invest. Secondly, market analysis, buying zone should be implemented in right time. Thirdly, patience is an important factor after investing on Bitcoin. Buy low, sell high is still popular and anyone can implement this strategy but holding can bear good amount of profit.

You have said it right, mate. But there is one thing in common with why many investors fail to gain success and that is the third one - impatience. This thing could trigger a lot of changes even though you are good at 1st and 2nd, all of these things will change direction as it will badly affect the mindset and decision-making. This is the thing I've found when I recall what I did before, in fact, even now sometime I become impatient. There is no other thing that we need to practice more and become a habit and this is how to become strong and patient.

I agree that it's definitely something that takes a bit of time for people to get a hold of. Patience is a difficult thing to master if you do not have it, or you could be a boring guy like me, who doesn't care and that type of ignoring it causes you to look like you could wait for decades and it's a success when in reality you just don't feel the need.

I bought bitcoin many years ago, and I have been buying ever since, and I never had the need to sell, not because I am patient person or something like that, it's because I just don't need the money now, and don't have any reason to sell, so why would I feel anything when it goes down? If you have that like me, then it becomes much easier to wait the storm out.

[Sayeds56]

To generate money, I believe investing in Bitcoin must be a secondary source of income, or at the very least something you do when you have extra cash. You must concentrate on a source of passive income, such as a regular employment or business. HODLing is essential since investing in Bitcoin is risky and volatile but it pays off handsomely over the long run.

Others made Bitcoin as their primary income like trading and also they are holding but it is risky as it is very volatile that is why others are still working and at the same time they are investing their extra money from salary on bitcoin. Others was also transitioning from saving money from piggy bank or depositing money on banks they will now be buying bitcoin as the profit is very high and they took the risk of holding it in the long run. Though holding is very difficult if you cant control your emotions that is why you need to have to control your greed and emotions so that you will not bail out.

If we want to survive in the market, we need at least 1 or 2 sources of income other than cryptocurrencies because the market is very volatile, and it is not always possible to profit from it. Investing in bitcoin should not be considered a major source of our income.

Also, I don't think using savings or bank deposits to invest in bitcoin is a good decision, you need to consider that it is money that you will not use in the future or for emergencies. Bitcoin investment can bring big profits but also make you lose everything, so invest only with money you can lose, and it won't affect your life.

It is right strategy to have more sources of income to be successful in crypto market, as it is difficult to generate any profit when market is bear cycle, unless you are a professional trader. Having always extra funds enables you to take advantage of bear run and maximize your Bitcoins and book huge profit in bull cycle.
Crypto market is cyclical, though it is very difficult to determine length of bear or bull cycle but every cycle eventually comes to an end and doesn't continue for ever.

[slapper]

To generate money, I believe investing in Bitcoin must be a secondary source of income, or at the very least something you do when you have extra cash. You must concentrate on a source of passive income, such as a regular employment or business. HODLing is essential since investing in Bitcoin is risky and volatile but it pays off handsomely over the long run.

Others made Bitcoin as their primary income like trading and also they are holding but it is risky as it is very volatile that is why others are still working and at the same time they are investing their extra money from salary on bitcoin. Others was also transitioning from saving money from piggy bank or depositing money on banks they will now be buying bitcoin as the profit is very high and they took the risk of holding it in the long run. Though holding is very difficult if you cant control your emotions that is why you need to have to control your greed and emotions so that you will not bail out.

Bitcoin and other cryptocurrencies are risky due to volatility. Make lots of money. Examine the pros and drawbacks before choosing. Some bitcoin investors have retired and lived off their money. Investing in a poor market requires patience and discipline. Mental and emotional testing.

A Norwegian man forgot about his 2009 Bitcoin purchase. He discovered his Bitcoin investment was worth $886,000. He kept it during the weak market and now benefits. Investors who left during the bad market missed the bull run.

Bitcoin's risks and benefits must be understood. Be calm and prepared. Because it's about the journey and the lessons you'll learn, not simply the money.

[Vishnu.Reang]

The key to our success investing in bitcoin is:
1. Do well research and homework before investing on something your hard earn money. Understand what you are investing in
2. Manage your risk. If you have double or triple income source then you can invest from one of your income source.
3. Do not rely on other people.
4. Don't invest more then you can afford to lose.
5. Remember the past is past.
If you have such ability to mange loss and profit, if you are not dependable on anyone for anything then yes there is still chance to get huge benefit from bitcoin.

[nara1892]

To generate money, I believe investing in Bitcoin must be a secondary source of income, or at the very least something you do when you have extra cash. You must concentrate on a source of passive income, such as a regular employment or business. HODLing is essential since investing in Bitcoin is risky and volatile but it pays off handsomely over the long run.

Others made Bitcoin as their primary income like trading and also they are holding but it is risky as it is very volatile that is why others are still working and at the same time they are investing their extra money from salary on bitcoin. Others was also transitioning from saving money from piggy bank or depositing money on banks they will now be buying bitcoin as the profit is very high and they took the risk of holding it in the long run. Though holding is very difficult if you cant control your emotions that is why you need to have to control your greed and emotions so that you will not bail out.

Making investment or trading bitcoin as the main source of income is a very risky thing. Because in investing we have to be able to hold on for a long time, and when we hold on to our assets, of course we have to meet our daily needs. As for trading, we all know that trading is something that carries a very high risk of losing, we cannot expect to make a profit every time we trade, because it will affect our emotions.
So for me having a job and steady income is a must, we can use investment or trading as additional income, it's safe for our finances.

[eXtremal]

not rush into making decisions to buy , hold , and sell . think wisely and maturely when you do it. because it affects your assets, and it also affects how you feel emotionally. if at that time you were stable, you would definitely be calm with that decision and sure that you would get success here. Unfortunately what I have encountered, they are greedy when the coins they buy go up so they forget the resistance limit of the coin.

[Altryist]

estment or trading bitcoin as the main source of income is a very risky thing. Because in investing we have to be able to hold on for a long time, and when we hold on to our assets, of course we have to meet our daily needs. As for trading, we all know that trading is something that carries a very high risk of losing, we cannot expect to make a profit every time we trade, because it will affect our emotions.
So for me having a job and steady income is a must, we can use investment or trading as additional income, it's safe for our finances.

The main source of income is very important, let it be a job or a business that can generate a stable and predictable income. Trading for me is not associated with the concept of a stable income, because in one month I can get a very good profit, and then just wait for several months, because I do not trade every day.

It is the same with investments, this is an investment of money for a long period and I do not expect to get a quick profit from this, so a stable income that I can receive from my business is very important to me. Investments will be successful if you can leave them for a certain time without intervention.

[vanesha]

do not be greedy. i understand how bitcoin make money fast but its still suitable for greedy people. people are greedy when investing in bitcoin it will only destroy their money. taking the decision to buy bitcoin at fluctuating prices was a mistake. Another thing you can do is be consistent with your profit target and stay with the community so you don't miss investment news.