what is the key to your success investing in 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.

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.

Even my self i dont want to go full time on trading but who knows if i do have a proven track record for 2 years in trading then that's a good chance but for now you are going up and down so you need to have stable income. I think there are professional traders that are fulltime on it and also their entry are not small amount its always huge that is why they gain huge profit as well as loses.

[1714110456]

1714110456

[Litzki1990]

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

If you want to buy at a low price and sell at a high price, you must first have an understanding of the market. We need to understand when the market can reach the minimum. If we understand the movement of the market, we can buy at the minimum and sell at the maximum. So we need to understand the market first.

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

To be successful in investing, we need to have a mindset of holding. Even if the price of the invested coin drops for some time, don't be disappointed, have to be patient and wait for good times.

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?

Investors invest as they gain and lose. Profit and loss are part of investment. We have to invest in thinking that money is at risk. If you have enough knowledge about investments and the ability to be patient, the chances of profiting from investments are high.

[Paul Pogba]

The biggest success when I invested bitcoin occurred in 2017, I knew bitcoin since 2015 and I used to use it for cloud mining, at that time I easily earned bitcoin from faucets and I collected up to more than 5 btc, at the end of the year I sold 3 btc worth more of $45k which I think is big money.

[Jocuserious]

My investment of btc was successful ranger 2017 year but after that i forget. I think profits step depend buying time so you can earned btc whole buy dip price. Remember btc not a stable coin so price up or down her own life so we couldn’t change them. Look them btc chert catagery which you can understand buy times.

[ringgo96]

the key to success in investing is something that is difficult for people who panic easily in dealing with situations we don't want, for example when we are experiencing a loss in investing, don't be easily swayed by big losses that can eliminate all the assets we have because that will never happen. especially bitcoin, so don't ever panic when a decline occurs, stay upright and patient until the price returns to normal and be sure that a price increase will definitely occur again, this is our main key in investing.

[ichsan ardi]

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.

remember that in investing there must be such a thing as a loss, not just in bitcoin investment, other investments are also like that and there is no such thing as an investment that can guarantee 100% return. In my opinion, the key to success in investing in bitcoin is patience. I plant words like if we can't hold back, we won't be able to be rich. Words like that are my motivation when the market is falling, and those words make me think about cutting my coin loss. why don't I buy more coins when the price is falling (discount). that's what made me successful in the world of bitcoin investment.

[MFahad]

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

Those people who sell bitcoin when the price is low will have some percentage of benefit because no one wants to lose their money so when they buy the Bitcoin may be at that time the price was lower than the price of selling so we don't know about the other person that why he does so.

Also individuals that sell at lower prices may have not enough knowledge of holding or maybe they are afraid of Losing more money than this. It is necessary to hold your bitcoin for at least 5 to 6 years after that if in bull run you want to sell it then it will be profitable for you.

[DiMarxist]

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. And 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. It's important to have a clear understanding of the risks and rewards of holding Bitcoin or any other cryptocurrency. It's also important to have a solid plan and strategy, and control your emotions, and the most important thing to success in Bitcoin investments is patience. It's not easy, it takes a lot of patience and discipline to hold on to your investments even during a bear market. It's like a test of your emotional and mental strength.

[Botnake]

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.

True. You will never be successful in one’s investment if you don’t have a stable source of income that will support your investment, as borrowing or taking a loan is a very bad idea especially for beginners who have less knowledge and no experience at all. And when you decide to invest, never think how to make profits but always think on how to stay long on your investment. That is way better than to expect real quick profits and end up disappointed and regretting.

[JeffBrad12]

always know that accumulating bitcoin when it is still relatively low in term of value is a good thing, when it got discounted off due to the correction, accumulating is definitely the right way to do, but of course we all know doing such accumulation is like catching a falling knives, but know that what's more important than that is the fact that you could be having the patience and capability of holding for long term so even if the market didn't go your way you could still be patient enough to just hold it because it's already proven that the holders always win at the end of the day.
other than that maybe you should try investing into some other coin not only bitcoin through some diversification that way you will also get some good profit along the way, even staking could also be your option.

[nesty]

Key to success in investing in Bitcoin is to do thorough research and understand the risks involved in investing and have a long term investment strategy. It is important to always keep on your mind that investing in Bitcoin, like any other investment, comes with its own set of risks and its important to only invest what you can afford to lose. There is really no one-size-fits all in investment success. Your success will depend on how well you understand and study the flow of the crypto currency market. Sometimes investors tends to gamble if the lack of understanding and information.

[nara1892]

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.

You are right, the income from us trading sometimes we get a hefty profit, or even we experience unexpected losses. Meanwhile, meeting the needs of life must be there every day, we cannot wait until we benefit from trading to meet our needs. Moreover, trading also requires a lot of capital. The reason is that with a small capital, the profit we will get will also be small, and when our capital is large, we will get a commensurate profit.
We cannot risk our lives on unstable income, especially if we already have a family to support.

[rby]

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

Unlike so many people who sees bitcoin investment as a very big work or problem to solve. I do not approach bitcoin investment from that Angle. I do not even make any calculations or reading of arbitrary charts in order to invest in bitcoin. My strategy remains same, whenever there is a major bull market, I will stop investing in Bitcoin. But when it is bear market like this period, I do my weekly DCA and I do not mind the direction of the market because I know it is overall bear and I am investing what I am able to lose.

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

No cryptocurrency investor who hasn't experienced what you refer to as bitcoin investment losses. The bitcoin price has gone against everybody at a particular time, but the difference between a lower and a gainer is selling and holding at loss respectively.

[Bitcoin_people]

I spend money to brighten my future life by investing in bitcoins. And when I invest in Bitcoin I hold it for the long term as a future asset. And I bought and held Bitcoin at a time when the market was in a bearish position. And the Bitcoin market is much higher right now than it was then. I'm not impatient but I have confidence in investing by being patient and I believe in Bitcoin. From the position I invested in Bitcoin now I have no loss there but some amount of profit. If you want to invest in Bitcoin, you first need to do some market analysis and seek wise advice. And later you buy when the price of Bitcoin falls and hold for a long time without any loss or damage.

[xSkylarx]

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.

True. You will never be successful in one’s investment if you don’t have a stable source of income that will support your investment, as borrowing or taking a loan is a very bad idea especially for beginners who have less knowledge and no experience at all. And when you decide to invest, never think how to make profits but always think on how to stay long on your investment. That is way better than to expect real quick profits and end up disappointed and regretting.

there are also instances that they need to because they don't have enough money to invest though it is not good practice to take out a loan for investment as long as you can pay it and know the consequences which you reall think of it then take it but so long that you know you are investing for and you know the risk on it and how to prevent losing it but if you can save then it is better but this will take time

[kro55]

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.

True. You will never be successful in one’s investment if you don’t have a stable source of income that will support your investment, as borrowing or taking a loan is a very bad idea especially for beginners who have less knowledge and no experience at all. And when you decide to invest, never think how to make profits but always think on how to stay long on your investment. That is way better than to expect real quick profits and end up disappointed and regretting.

there are also instances that they need to because they don't have enough money to invest though it is not good practice to take out a loan for investment as long as you can pay it and know the consequences which you reall think of it then take it but so long that you know you are investing for and you know the risk on it and how to prevent losing it but if you can save then it is better but this will take time

You can also borrow money to invest but make sure that you will repay the loan even if your investment fails, and for that, you need a steady income job. I am not too strict with borrowing money for investment or business because sometimes the opportunity will slip away, and it will not wait for us if we do not catch it. But we should calculate and come up with the worst case scenario we will face, if we can handle that worst case scenario, then getting a loan won't be a problem.

[Fara Chan]

In investing we especially have to have a strong attitude in deciding what we want to invest in, for example investing in bitcoin or other potential altcoins. to sell our assets while experiencing a loss, so whatever happens when investing is still a defense so you can get profits even though it takes time but patience will definitely not attack the results, and this has been proven by many investors, so the key is to be ready to accept Challenges in any situation so that we can get profits.

I don't really understand the direction of this advice you are giving, because I never sell assets when I experience a loss except to just keep holding on until I find the profit I want. After all, it would be very wrong if someone sold assets when they suffered a loss, because he should have maintained that so that he would not suffer a loss.

Not even selling when you see yourself losing money, which is very strange in my opinion and very illogical for someone to want to do that to himself. Even though the purpose of his investment is to have a better profit, but how come he wants to sell when facing a loss. That type of person is actually not the typical investor with a high level of patience and is not very suitable to be a long-term investor if he still thinks of selling when he sees a loss in front of his eyes.

[uswa56]

In investing we especially have to have a strong attitude in deciding what we want to invest in, for example investing in bitcoin or other potential altcoins. to sell our assets while experiencing a loss, so whatever happens when investing is still a defense so you can get profits even though it takes time but patience will definitely not attack the results, and this has been proven by many investors, so the key is to be ready to accept Challenges in any situation so that we can get profits.

I don't really understand the direction of this advice you are giving, because I never sell assets when I experience a loss except to just keep holding on until I find the profit I want. After all, it would be very wrong if someone sold assets when they suffered a loss, because he should have maintained that so that he would not suffer a loss.

Not even selling when you see yourself losing money, which is very strange in my opinion and very illogical for someone to want to do that to himself. Even though the purpose of his investment is to have a better profit, but how come he wants to sell when facing a loss. That type of person is actually not the typical investor with a high level of patience and is not very suitable to be a long-term investor if he still thinks of selling when he sees a loss in front of his eyes.

if you look at the price of Bitcoin from a long time ago I think there is no reason to sell Bitcoin assets when they experience a decline.
Bitcoin is always able to recover even if it takes a little longer, so when you decide to invest in Bitcoin, you have to be patient in waiting for the right time to take profits.

patience is the main key to get profit in investing in Bitcoin.
and panic when there is a price correction is bombereng to suffer losses.
before deciding to invest in Bitcoin there are a number of things that must be learned and avoided so as not to suffer losses, one of which is panic when the price is dropping.

[Kadal Ijo]

If we have the belief that bitcoin will continue to survive and shine in the long term then we must have the courage to invest and be patient, holding it for at least 10 years is the most important key to success, I once invested $200 worth of bitcoin in early 2016 then got a profit of more than 200% because in 2016 there was a halving day.

[xSkylarx]

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.

True. You will never be successful in one’s investment if you don’t have a stable source of income that will support your investment, as borrowing or taking a loan is a very bad idea especially for beginners who have less knowledge and no experience at all. And when you decide to invest, never think how to make profits but always think on how to stay long on your investment. That is way better than to expect real quick profits and end up disappointed and regretting.

there are also instances that they need to because they don't have enough money to invest though it is not good practice to take out a loan for investment as long as you can pay it and know the consequences which you reall think of it then take it but so long that you know you are investing for and you know the risk on it and how to prevent losing it but if you can save then it is better but this will take time

You can also borrow money to invest but make sure that you will repay the loan even if your investment fails, and for that, you need a steady income job. I am not too strict with borrowing money for investment or business because sometimes the opportunity will slip away, and it will not wait for us if we do not catch it. But we should calculate and come up with the worst case scenario we will face, if we can handle that worst case scenario, then getting a loan won't be a problem.

This is really the right decision, but still, there are people that are struggling, meaning there are really good opportunities for them or they have a bright idea but they don't have money, and again, they can't afford to have a loan, which means that opportunity will slip away. If you can really pay for it, then why not? But other people are scared of risking things, and again, without risk, we won't be succeeding.