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

[SOKO-DEKE]

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.

We must have the right information before we begin investing in Bitcoin for this reason.Knowing a lot about Bitcoin can help someone feel more confident about it. Due to a lack of in-depth knowledge of Bitcoin, many people sell off their investments along the route despite having stated that they would keep onto it for a long time.Therefore, in order to invest in Bitcoin properly and achieve large returns, you must be aware of certain factors and have faith in it.

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.

Many people are wary of borrowing money to invest in Bitcoin because of the risk involved. The Bitcoin is volatile, anything can happen to price, and you never know what will actually happen.so the price of Bitcoin price may fall at the exact moment you need it pay back the loan, making it difficult for you to repay the loan because you don't have another source to pay back and you may end selling it at lost. However, if you have other sources of income, taking out a loan to invest in Bitcoin is not a bad idea because the worst happen, you will be able to repay your debt. However, it is not recommended to invest more money than you can afford to lose.

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[asyakashi]

do not hesitate to buy and take risks, losses are natural in investing. success cannot be determined because of following other people's words. if we see good potential it is an opportunity to develop assets. I only understand when I invest in bitcoin it means I believe in the future of my assets that I put there. but I always look at market conditions, if it's not possible I'll just take momentum.

[BVeyron]

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.

Bitcoin is suitable for long-term investments. And also it has the chance to save the money if fiat inflation goes too heavy. I don't think that any cryptocurrency can bring immediate profit, since they dont have tendency to become expensive fast.

[puloweh555]

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.

All must experience losses in investing. If you have a question, when is the best time to invest in crypto? many investors are looking for secret tips for making big profits in the shortest possible time.

in fact actually there are no secret terms and their successful investors use special techniques which are actually not a secret what they do Of course buy low prices sell high prices even though it turns out it's not that easy.

Yes, we want to buy at a low price when the price is low? when is the right time to get the low price? Then there are investors who are smart, they read research, read market trends, read analysis and then become successful because they are experts, what about beginners?

So I want to give an illustration of the price of Bitcoin in 2017 the price is $17k btc, if in December 2017 you were offered a Bitcoin price of $17k you would say it was expensive, while the 2021 Bitcoin price was $65k, well you would say at that time it was expensive too. so when does it start? Imagine if in 2017 you bought btc then sold in 2021 you will get a huge profit at that time. so what you said was expensive back then it could be cheap today.

so the best strategy for investing is the DCA method, this is an investment practice that helps us invest regularly in the same period. if you are used to spending money monthly, go ahead, if you are used to it weekly, go ahead, weekly investment with the same amount continuously So there is a term averaging profit and loss on average you will still be profitable.

Even though the implementation method is very simple, the DCA investment method has lots of advantages, one of the advantages is minimizing the risk of loss. because of investment decisions with this method you don't need to think about rising prices or falling prices. The important thing for you is commitment to invest regularly for the long term, you don't need to read technical analysis. You don't need to do in-depth research on price movements as long as you understand the fundamentals you will make more informed decisions.

[LastKiss]

~snip~

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?

As long as I keep patience with my holding then I'm pretty sure that I can get profit in Bitcoin, although it's not guaranteed but the trend saying that we will reach new ATH after halving is done. I've once forced to sell my Bitcoin because there is an emergency case in my family and I needed some funds so I decided to sell my Bitcoin at a low price compared to when I bought it. 

[JeffBrad12]

even though it might sounds quite ridiculous but from my experience and seeing the history of majority that have scored good profit in investing in bitcoin.
you might see one same pattern that is most of them are just holding their bitcoin until the right time for cashing out their profits.
this strategy is so simple yet so potent, just find good entry for you to invest in like for example is the time when bitcoin got massive correction and lose about 80%.
from that on you just invest, and in the future you will get all the benefits and profits, heck even if you think about it, the one that accumulates at bitcoin massive dump early in previous year are already gaining good profits.

[nurilham]

As long as I keep patience with my holding then I'm pretty sure that I can get profit in Bitcoin, although it's not guaranteed but the trend saying that we will reach new ATH after halving is done. I've once forced to sell my Bitcoin because there is an emergency case in my family and I needed some funds so I decided to sell my Bitcoin at a low price compared to when I bought it. 

The patient is surely needed, it is one of the keys to success in Bitcoin investment. But we must always update the information about the market and learn how Bitcoin price move. Although we understand the bullrun season probably happens after Bitcoin halving, we need to be careful about the change of trends in crypto. As we know that there is no guarantee for the same scheme to return, basically Bitcoin is unpredictable. So, we must have a second plan if everything doesn't happen as expected. So, it is not enough to rely on 'patience' only, we must be smarter to manage our strategy in Bitcoin investment.