Bold step to invest my fiat in Bitcoin

[serjent05]

Bitcoin's returns are bigger than all traditional investments and that's why we all choose bitcoin over other investments.  but the higher the return, the higher the risk, there is no asset that offers high returns that is safe. therefore, investing more in bitcoin will give you a better chance of getting a bigger profit, but don't forget that if you fail, the loss will also be bigger.  Bitcoin no matter how good is risky so only invest with money you can lose and don't affect your life.

It is indeed if investors happen to invest at a cheaper price of the cycle.  but if the investors invest on the peak, I do not know if we can consider Bitcoin to have a bigger return than traditional investment.  Right now those who invested at the peak of 2021 have a negative balance of more than 50%, I think it is also a bigger lose than the traditional investment in terms of the time frame.

Bitcoin is best for those who have the patience and fund to withstand financial pressure and able to not use their Bitcoin investment to meet the needs.  Although Bitcoin had proven historically that it always break its ATH every cycle, we should also think about the possibility of the ATH breaking not happening in this cycle or the next one.

[1715453642]

1715453642

[1715453642]

1715453642

[1715453642]

1715453642

[goldkingcoiner]

Hello guys my curiosity has really gotten the best of me. I was so eager to get involved in the trending Bitcoin currency that is everywhere in my locality. Bitcoin is acceptable in so many small scale business around me in my locality, I mean I had to just ask what was this all about and finally I was introduced here and since my coming I have Learnt alot and still in the process of learning. But I came to understand few things here which gave me the courage to wanting to purchase Bitcoin and keep it so I can see some tangible profit when the price go up . Although the purchase is small but you won't blame me as it's a first timer situation and in addition to the fact that the funds are not available enough for me but I just want to let everyone know am also a Bitcoin holder now and willing to purchase more as bitcoin is also a financial gateway to freedom of saving fund. But I really had to take my Time to understand the whole volatility of Bitcoin before taking this bold step.

So everyone should join me and celebrate this purchase as it went through without any stress and please help me show my image for other viewers as my rank prohibits me to

https://i.imgur.com/NiPto8D.jpeg

Congratulations and welcome to the world of Bitcoin!

I hope that you will believe me when I say that the price volatility of Bitcoin can sometimes be overwhelming. The way to hodl is not to trade back and forth between Bitcoin and Fiat money. The price bounces back just as fast as it dropped, so in the case that you are not familiar with trading strategies and trading analysis, you do not want to start guessing when up and down will be.

Those who have held on to their coin have gained the most.

[Smartvirus]

So everyone should join me and celebrate this purchase as it went through without any stress and please help me show my image for other viewers as my rank prohibits me to

https://i.imgur.com/NiPto8D.jpeg

You know, I was wondering what part of the world you might hail from to have been surrounded by so many bitcoin accepting merchants as chanted in the OP and that drove me towards viewing your uploaded image in OP to see which country currency notation comes up and you can imagine how surprised I was to have seen the Nigerian Naira sign pop right up!

Well, Nigeria is a very big nation both by land mass and population so I can’t say for sure what part that is so pro bitcoin or pro cryptocurrency to have bitcoin merchants lying all around but, am yet to meet one and experiment. Still, it is nice that you by some means arrived here and have taken a bold move to buy some coins to hodl, I hope you don’t get to be demotivated and understand that it’s not always going to be about gains.

[Ayers]

Bitcoin's returns are bigger than all traditional investments and that's why we all choose bitcoin over other investments.  but the higher the return, the higher the risk, there is no asset that offers high returns that is safe. therefore, investing more in bitcoin will give you a better chance of getting a bigger profit, but don't forget that if you fail, the loss will also be bigger.  Bitcoin no matter how good is risky so only invest with money you can lose and don't affect your life.

How can there be more losses? If you want to buy some real estate and invest $50k in it, and the developer is hiding with your money, or you decide to buy bitcoin for the same $50k and end up failing, then the losses will be identical. But I don’t think that at this stage, investing in bitcoin is so dangerous, look even presidential candidates are using bitcoin in their election campaigns, states are investing a lot of money in mining, it looks very convincing.

It would be quite lame to compare investing in bitcoin with real estate and assume that the risks are the same. Real estate is considered the safest asset by far, while bitcoin is just a new asset and the future is uncertain.

In real estate investing, the risk when you give money to a developer, and they hide your money is your fault for choosing the wrong partner, not the real estate's. But for bitcoin, even if you have full control over it, you don't even have a guarantee that it will survive tomorrow.

The risk here is assessed by acceptance, demand, and popularity, as well as market capitalization. A market of tens of trillions of dollars and a market of only a few hundred billion dollars? Which one do you think is safer?

Bitcoin is a new and attention-grabbing trend, politicians use it to get their own attention, it's an intelligent strategy. But it would be foolish to believe what they say just because they want our vote.

Property and bitcoin are essentially the same thing, right? No! The two games are as dissimilar. Generally speaking, the real estate industry is sometimes compared to the methodical tortoise in a race. But it doesn't imply it's risk-free. Choosing the incorrect growth partner might be disastrous for your finances. But you're right; Bitcoin is kinda crazy. It's amazing one minute and awful the next, giving you a sense of being on a rollercoaster.  How about a lot of cash, or not so much? Bet on the one that doesn't vanish into thin air, please! That's why political leaders are continually campaigning for additional support

An asset that can generate profits also has certain risks, nothing is completely safe or will be risk-free. Everything is proportional, low risk is low return, and higher risk is higher return. In real estate investing, choosing the wrong partner is like investing in bitcoin but choosing the wrong wallet to hold it, and that's your fault and you create your own risk, not bitcoin's.

Although many people think bitcoin is safe because it allows us to have full control over our assets, as I said, bitcoin has never been safe due to its volatility, popularity and acceptance...all are not enough to confirm bitcoin is a safe asset like gold or real estate. But the higher the risk, the higher the return, the opportunity is always hidden in the risk, so those who are willing to take the risk will always receive a more worthy reward.

[Cryptmuster]

The risk here is assessed by acceptance, demand, and popularity, as well as market capitalization. A market of tens of trillions of dollars and a market of only a few hundred billion dollars? Which one do you think is safer?

Bitcoin is a new and attention-grabbing trend, politicians use it to get their own attention, it's an intelligent strategy. But it would be foolish to believe what they say just because they want our vote.

Nobody tells you to buy bitcoin with all the money you have, diversification is something that can help you avoid a lot of trouble. Divide your money into several parts according to the risks that each of the investments contains and invest in several different directions. If something happens to one of them, then you will have others and will make a profit.

[Ultegra134]

Bitcoin's returns are bigger than all traditional investments and that's why we all choose bitcoin over other investments.  but the higher the return, the higher the risk, there is no asset that offers high returns that is safe. therefore, investing more in bitcoin will give you a better chance of getting a bigger profit, but don't forget that if you fail, the loss will also be bigger.  Bitcoin no matter how good is risky so only invest with money you can lose and don't affect your life.

How can there be more losses? If you want to buy some real estate and invest $50k in it, and the developer is hiding with your money, or you decide to buy bitcoin for the same $50k and end up failing, then the losses will be identical. But I don’t think that at this stage, investing in bitcoin is so dangerous, look even presidential candidates are using bitcoin in their election campaigns, states are investing a lot of money in mining, it looks very convincing.

It would be quite lame to compare investing in bitcoin with real estate and assume that the risks are the same. Real estate is considered the safest asset by far, while bitcoin is just a new asset and the future is uncertain.

In real estate investing, the risk when you give money to a developer, and they hide your money is your fault for choosing the wrong partner, not the real estate's. But for bitcoin, even if you have full control over it, you don't even have a guarantee that it will survive tomorrow.

The risk here is assessed by acceptance, demand, and popularity, as well as market capitalization. A market of tens of trillions of dollars and a market of only a few hundred billion dollars? Which one do you think is safer?

Bitcoin is a new and attention-grabbing trend, politicians use it to get their own attention, it's an intelligent strategy. But it would be foolish to believe what they say just because they want our vote.

Property and bitcoin are essentially the same thing, right? No! The two games are as dissimilar. Generally speaking, the real estate industry is sometimes compared to the methodical tortoise in a race. But it doesn't imply it's risk-free. Choosing the incorrect growth partner might be disastrous for your finances. But you're right; Bitcoin is kinda crazy. It's amazing one minute and awful the next, giving you a sense of being on a rollercoaster.  How about a lot of cash, or not so much? Bet on the one that doesn't vanish into thin air, please! That's why political leaders are continually campaigning for additional support

No two investments are the same to be compared, especially something as different as Bitcoin and real estate. Even the stock market, which is quite similar to cryptocurrencies, is completely different. Even though real estate is deemed a safe investment, due to the increasing demand for housing, whether for short-term or long-term leasing, it requires a large amount of capital that the majority of us can't afford. Thus, resorting to taking a loan is not only increasing the risk but also putting you in debt, which is dragging your investment many years behind.

Bitcoin, on the other hand, has shown great returns, especially in its early days, which is the main reason why investors keep saying that Bitcoin provides better returns than any other investment. This claim is relatively false, and I'm saying relatively because the returns differ a lot depending on the time period you invested. For instance, if you bought Bitcoin right before Elon Musk did, you'd purchase it at a price X, which was massively smaller than the price after Elon's purchase, leading to huge returns.

The point of this thread is to congratulate the OP on his first purchase, and I wish him well in pursuing his goals in the cryptocurrency industry, with the DCA technique being his best option now. There's no point in comparing Bitcoin with crap pump-and-dump coins, real estate, or stocks. Everyone has a different opinion and that's totally fine.

[dothebeats]

The risk here is assessed by acceptance, demand, and popularity, as well as market capitalization. A market of tens of trillions of dollars and a market of only a few hundred billion dollars? Which one do you think is safer?

Bitcoin is a new and attention-grabbing trend, politicians use it to get their own attention, it's an intelligent strategy. But it would be foolish to believe what they say just because they want our vote.

Nobody tells you to buy bitcoin with all the money you have, diversification is something that can help you avoid a lot of trouble. Divide your money into several parts according to the risks that each of the investments contains and invest in several different directions. If something happens to one of them, then you will have others and will make a profit.

Couldn't have said it any better. This is what I do with my own finance. I divide everything according to the risk and how much possible profit I will get based on their own timeline. This way I know I will be able to still have money even if one investment doesn't work. This is a good planning and financing strategy. You just have to be smart in knowing and assessing which investment should you prioritize and which one you should avoid.

[zaim7413]

Everyone who joins here is still in the process of learning based on their level of knowledge, being among those who already have some knowledge of Bitcoin will help increase your knowledge of Bitcoin. I am happy to hear that you have got your first Bitcoin, your bold move to do something new is very appropriate, Bitcoin will benefit you if you know how to manage it well.

Keep in mind, Bitcoin does not only offer advantages and convenience in making transactions on a large or small scale, there are risks that you need to avoid to keep Bitcoin safe. Fluctuating Bitcoin prices require you to put forward patience when market conditions are uncertain, save your Bitcoins until the bullish period returns to dominate the market.

[Lorence.xD]

The risk here is assessed by acceptance, demand, and popularity, as well as market capitalization. A market of tens of trillions of dollars and a market of only a few hundred billion dollars? Which one do you think is safer?

Bitcoin is a new and attention-grabbing trend, politicians use it to get their own attention, it's an intelligent strategy. But it would be foolish to believe what they say just because they want our vote.

Nobody tells you to buy bitcoin with all the money you have, diversification is something that can help you avoid a lot of trouble. Divide your money into several parts according to the risks that each of the investments contains and invest in several different directions. If something happens to one of them, then you will have others and will make a profit.

Couldn't have said it any better. This is what I do with my own finance. I divide everything according to the risk and how much possible profit I will get based on their own timeline. This way I know I will be able to still have money even if one investment doesn't work. This is a good planning and financing strategy. You just have to be smart in knowing and assessing which investment should you prioritize and which one you should avoid.

I thought that was a normal thing to do for you to save more money and also at investing. I always do the 50 30 20 where I applied it in investing so when I invest in the main thing I want to invest which is Bitcoin probably it would be the 50% and the rest are some other investment such as altcoins. Having an alternative investment is a must so you have other choices for you to have a backup money incase. And don't invest all your money or funds in one basket because once you lose it, then there's no refund. You could start small which you can be consistent rather than risking it all in one go.

[xSkylarx]

The risk here is assessed by acceptance, demand, and popularity, as well as market capitalization. A market of tens of trillions of dollars and a market of only a few hundred billion dollars? Which one do you think is safer?

Bitcoin is a new and attention-grabbing trend, politicians use it to get their own attention, it's an intelligent strategy. But it would be foolish to believe what they say just because they want our vote.

Nobody tells you to buy bitcoin with all the money you have, diversification is something that can help you avoid a lot of trouble. Divide your money into several parts according to the risks that each of the investments contains and invest in several different directions. If something happens to one of them, then you will have others and will make a profit.

Couldn't have said it any better. This is what I do with my own finance. I divide everything according to the risk and how much possible profit I will get based on their own timeline. This way I know I will be able to still have money even if one investment doesn't work. This is a good planning and financing strategy. You just have to be smart in knowing and assessing which investment should you prioritize and which one you should avoid.

Don't put all your eggs in one basket; that is a really great strategy, not just for calculating the risk but also for making your investment safe in case one of them fails. No, not all people are the same as you since people always want to do all in and not think about it as they just want to gain more profit even though they know that they can't lose it all.

[Ale88]

The risk here is assessed by acceptance, demand, and popularity, as well as market capitalization. A market of tens of trillions of dollars and a market of only a few hundred billion dollars? Which one do you think is safer?

Bitcoin is a new and attention-grabbing trend, politicians use it to get their own attention, it's an intelligent strategy. But it would be foolish to believe what they say just because they want our vote.

Nobody tells you to buy bitcoin with all the money you have, diversification is something that can help you avoid a lot of trouble. Divide your money into several parts according to the risks that each of the investments contains and invest in several different directions. If something happens to one of them, then you will have others and will make a profit.

Couldn't have said it any better. This is what I do with my own finance. I divide everything according to the risk and how much possible profit I will get based on their own timeline. This way I know I will be able to still have money even if one investment doesn't work. This is a good planning and financing strategy. You just have to be smart in knowing and assessing which investment should you prioritize and which one you should avoid.

These are very smart suggestions. I strongly believe in cryptos but we always need to take into considerations that there are long bear markets and things don't always go as we hope they do, so I would never recommend to anybody to go all-in with cryptos. Buy also some ETFs, or even real estate if you can afford it. Maybe in 30 years we'll regret the fact that we should have invested more in cryptos but who knows, I prefer to be able to sleep at night now, not in 30 years.

[MFahad]

Bitcoin's returns are bigger than all traditional investments and that's why we all choose bitcoin over other investments.  but the higher the return, the higher the risk, there is no asset that offers high returns that is safe. therefore, investing more in bitcoin will give you a better chance of getting a bigger profit, but don't forget that if you fail, the loss will also be bigger.  Bitcoin no matter how good is risky so only invest with money you can lose and don't affect your life.

Acceptance of risk enables you to take the reward if a person becomes frightened of risk then achievement become impossible for him so accept every situation and tolerate them with your patience, knowledge and experience.

One thing can overcome your loss if you don't act according to greed but accept what is better for you because in desires of more a person loss their own money and then set with regret for their incorrect settlement.

[Ayers]

The risk here is assessed by acceptance, demand, and popularity, as well as market capitalization. A market of tens of trillions of dollars and a market of only a few hundred billion dollars? Which one do you think is safer?

Bitcoin is a new and attention-grabbing trend, politicians use it to get their own attention, it's an intelligent strategy. But it would be foolish to believe what they say just because they want our vote.

Nobody tells you to buy bitcoin with all the money you have, diversification is something that can help you avoid a lot of trouble. Divide your money into several parts according to the risks that each of the investments contains and invest in several different directions. If something happens to one of them, then you will have others and will make a profit.

Diversification is a must for every investment because nothing is completely safe, not even real estate. But what I want to tell you here is that I disagree when you say that the risks of investing in bitcoin and real estate are the same. Profits are different, so the risk cannot be the same, the higher the return, the higher the risk, that is the immutable law for everything in this world. It would be unfair to assume that the risk is the same but the return that bitcoin brings will be higher.

[Cryptmuster]

Diversification is a must for every investment because nothing is completely safe, not even real estate. But what I want to tell you here is that I disagree when you say that the risks of investing in bitcoin and real estate are the same. Profits are different, so the risk cannot be the same, the higher the return, the higher the risk, that is the immutable law for everything in this world. It would be unfair to assume that the risk is the same but the return that bitcoin brings will be higher.

Firstly, I did not say that the risks are the same. Real estate itself contains many different risks, there is a property that can only bring losses, if it is in a bad area and you cannot rent it out, it will definitely fall in value. And there is real estate that you can buy at the construction stage and sell when the facility is put into operation. There are a lot of options for investing in real estate, and it depends only on you whether you can earn in this direction, or lose money. It’s the same with bitcoin, there are those who will earn, but there are also those who will lose money when they sell at a loss.

[Out of mind]

Hello guys my curiosity has really gotten the best of me. I was so eager to get involved in the trending Bitcoin currency that is everywhere in my locality. Bitcoin is acceptable in so many small scale business around me in my locality, I mean I had to just ask what was this all about and finally I was introduced here and since my coming I have Learnt alot and still in the process of learning. But I came to understand few things here which gave me the courage to wanting to purchase Bitcoin and keep it so I can see some tangible profit when the price go up . Although the purchase is small but you won't blame me as it's a first timer situation and in addition to the fact that the funds are not available enough for me but I just want to let everyone know am also a Bitcoin holder now and willing to purchase more as bitcoin is also a financial gateway to freedom of saving fund. But I really had to take my Time to understand the whole volatility of Bitcoin before taking this bold step.

✂️

Congratulations OP, good luck with your first investment in the bitcoin world. I believe this bitcoin investment of yours will surely last long, and you can profit from bitcoin. But you have to be patient Bitcoin price has a lot of volatility you have to be a resistance. You will never profit by saving or holding fiat, it will never bring you profit, but if you start trading in Bitcoin with that saved money, it will be profitable. Although you should not be afraid of the fact that the price of Bitcoin goes down a lot and then goes up quickly, you need to be aware and understand the volatility of the market. And if you don't know about trading then don't trade, it is sure that you can face loss. But if you gain good knowledge and know about trading, then you can trade. You must make this bitcoin journey long-term, only long-term holders benefit.