What does it take to become a Bitcoin investor

[majeed]

I have a close friend who recently purchased 0.8 Bitcoins and when we met he was happy and was like " I am now a Bitcoin investor"
At that point I go this question in mind ;what does it really take to become a Bitcoin investor .does it mean that if you own a considerable amount of Bitcoin in your wallet you are now a Bitcoin investor or there is more to it aside having a basic knowledge of crypto currencies

Just owning a bunch of Bitcoin won't make you a successful investor. It's like saying that owning a laptop makes you a hacker. To invest in Bitcoin, you gotta dive deep into the world of cryptocurrency and understand the market trends. It takes research, analysis, and the ability to predict price movements.

If you wanna be a smart investor, owning Bitcoin is only the beginning. You gotta stay sharp and know when to buy, sell, or trade, and that means keeping a close watch on the market and making smart choices. But keep in mind - the market can be a bumpy ride, and you gotta have nerves of steel to handle it.

And don't forget to keep your coins safe, mate! Use a hardware wallet or some other secure method to protect your investment. So, tell your friend he's part of the crypto crew now, but the real challenge lies ahead. Keep learning, growing, and making smart moves. And congrats on owning 0.8 Bitcoins, dude!

[Dr.Bitcoin_Strange]

does it mean that if you own a considerable amount of Bitcoin in your wallet you are now a Bitcoin investor or there is more to it aside having a basic knowledge of crypto currencies

OP, the short answer to your question is yes.

When you have successfully purchased bitcoins and have stored them in your non-custodial wallet, you are a bitcoin investor. Other knowledge you will acquire about Bitcoin after that is an added advantage to really knowing what Bitcoin entails. But also, the thing to keep in mind as a bitcoin investor is to keep your wallet's private key or phrase safe so that you don't lose your asset.

You must not have had a considerable amount of Bitcoin in your wallet before becoming a Bitcoin investor (just as you thought). Bitcoin can be purchased with any amount, like even below $10, but it depends on the platform you are buying from. If you decide to buy $20's worth of bitcoin, then you are an investor. You could also decide to buy more and add it to the one you already bought.

People have different ways of investing in bitcoin, but it depends on the individual's income. For example, if you are working and have decided to buy $10 worth of bitcoin every month after you receive your salary, then you are a bitcoin investor.

You don't need to have Bitcoin to become a Bitcoin investor

What do you mean @Apocollapse?

[acroman08]

I have a close friend who recently purchased 0.8 Bitcoins and when we met he was happy and was like " I am now a Bitcoin investor"
At that point I go this question in mind ;what does it really take to become a Bitcoin investor .does it mean that if you own a considerable amount of Bitcoin in your wallet you are now a Bitcoin investor or there is more to it aside having a basic knowledge of crypto currencies

you don't need to own a considerable amount of Bitcoin in your wallet in order to be considered a Bitcoin investor

You don't need to have Bitcoin to become a Bitcoin investor because there are a lot people claimed to be a professional trader even they're always lose in trading and people claimed to be a professional Bitcoin speculator even though their speculation always wrong

I am confused about the highlighted part. if you ask me, to be considered a "Bitcoin Investor" you actually have to have a Bitcoin, so I don't really think you can consider yourself a "Bitcoin investor" If you don't have any Bitcoin. also, you don't need to be a successful Bitcoin Investor in order to be considered a Bitcoin investor.

[Hyphen(-)]

I have a close friend who recently purchased 0.8 Bitcoins and when we met he was happy and was like " I am now a Bitcoin investor"
At that point I go this question in mind ;what does it really take to become a Bitcoin investor .does it mean that if you own a considerable amount of Bitcoin in your wallet you are now a Bitcoin investor or there is more to it aside having a basic knowledge of crypto currencies

Yes if you can keep it in your wallets to gain profit with time.

The word Investor means that, if you as an individual purchase or buy anything to keep it in your custody for the sake of gaining some profits after some time, that means you are an investor.

If your friend will not sell off his Bitcoin now until he meets up some profit target he/she has set aside to be met, he/she is a Bitcoin investor.

[bosede1]

This is just you asking what does it take to be a landlord, all it takes is for you to have land likewise for a Bitcoin investor, it means you have Bitcoin in your possession either you invest all your money or a little amount it doesn't count, what matters is that you both have bitcoin.

[Mate2237]

There is no big deal, if you want to become bitcoin investor then all you have to do is a start up amount of money then you can go to exchange platforms to get the amount you want and send it to your wallet of any or you can purchase through p2p transaction in which if anyone wants to sell it for you in your locality the you pay the person and the in return send the unit of bitcoin which you have paid paid to your account. Having knowledge on bitcoin does not mean that you are an investor in bitcoin, but it is only when you have any units of bitcoin in your wallet then you can be called as an investor aside that, you are not.

[indah rezqi]

At that point I go this question in mind ;what does it really take to become a Bitcoin investor

Here are some things I think about when you want to become a bitcoin investor/ want to invest in bitcoin.
1. Budget,
2. Knowledge,
3. Bitcoin wallet and
4. How to secure a wallet.

Without a budget, you cannot invest in bitcoins. Without knowledge you will never know what bitcoin is, because basically you have to know what asset you are going to invest in. Without bitcoin wallet, you can never expect security from your investment especially so long as you keep it on an exchange. Without getting security knowledge, you can never expect your wallet to be completely safe from all possible risks. The rest is up to you how you spend bitcoin.

[stadus]

You don't need to have Bitcoin to become a Bitcoin investor because there are a lot people claimed to be a professional trader even they're always lose in trading and people claimed to be a professional Bitcoin speculator even though their speculation always wrong

Don't think Bitcoin investor is must need to have x Bitcoin, holding x time, already make x profit etc. Any people who have Bitcoin in their wallet can be said as Bitcoin investor, don't make it complicated.

I agree. It's literally that simple, you must hold and bought your own bitcoin to become a bitcoin investor and there are no other explanations to it. Anybody can actually proclaim whoever they are, but it is advisable and it's much better if we mind our own business to keep a certain distance rather than arguing that they are not like that or oppose whatever they said, etc.

But don't forget that it's not that easy because once you become an investor, you should know that there are risks entailed with it that's why you should keep yourself informed at all times so that you won't be surprised if something is happening.

[Oasisman]

I have a close friend who recently purchased 0.8 Bitcoins and when we met he was happy and was like " I am now a Bitcoin investor"
At that point I go this question in mind ;what does it really take to become a Bitcoin investor .does it mean that if you own a considerable amount of Bitcoin in your wallet you are now a Bitcoin investor or there is more to it aside having a basic knowledge of crypto currencies

Basic knowledge may suffice at first, but in the long run you need a more deeper knowledge about how the market works for Bitcoin, how to understand the fundamentals and most especially how to keep your Bitcoin safe from any fraudulent attacks. As your accumulated Bitcoin grows more in number, you're more susceptible to phishing attacks as you will become one of the huge targets against these scammers.
Another thing besides your security, is that you also need to be patient and be careful of selling your Bitcoin during market crash.

[temple]

Investing is when your money gains additional value, and therefore once you start your investment over time, it is supposed to increase in value over time. It does not matter if your investment is in bitcoin, real estate, stocks, or others, as long as your money will grow.
Bitcoin is considered valuable because supply is limited and the assumption that demand will increase, and therefore there is no guarantee that its price will increase.
If you do not have a strategy and a goal for your investment in Bitcoin, that investment may turn into a loss, either a real or accounting loss.
In short, where to find value, invest.

Bitcoin isn't the only digital asset that is scarce, but it is one of the very few that has organically grown an ecosystem backing its value. There are so many shitcoin copycats out there and all of them are scarce, but they are not truly scarce as they can be infinitely 1:1 copied and relaunched. Bitcoin can be copied, but everything that Bitcoin has grown around it over almost 1.5 decades now can't be copied. A merchant accepting Bitcoin is not going accept Bitcoin_2 even if it has all the same properties, because there is no market for Bitcoin_2. The supply is there, but the organically grown demand can't be forked.

The ecosystem and in particular the user and developer base are the economic moat for Bitcoin nobody can ever copy paste. That is why it is always funny when someone says they have developed the next Bitcoin or the Bitcoin killer. It's ridiculous because they don't get their funny Bitcoin killer off the ground ever.

Today Bitcoin's advantage is so huge that at least when it comes to digital gold, Bitcoin will probably never be replaced by a digital currency or certainly not for a very long time. Perhaps one day by a new technology, that is more likely. But it's not going to happen by any sort of fork.

It is the organically grown ecosystem, the moat that makes Bitcoin such an interesting investment. The scarcity speaks for itself and it is the most versatile value transmitter and storage system out there. Though we will need more user-friendly software in the future to also get those on board who long thought a tablet is too complex for them to understand and use, until they tried it for the first time. Today I would still say that it's too complicated if you want to use it safely and are also caring about privacy. That does need quite some technical literacy to handle Bitcoin accordingly.

[Sidra101]

It's important to note that investing in Bitcoin, like any investment, comes with risks. Be sure to only invest what you can afford to lose and to do your own research before making any investment decisions. The owner of the must all keep up-to-date with the latest news and developments in the Bitcoin space to make informed decisions about your investment. because lack of information can leads to the crash losses of the coin.

[boyptc]

Buy bitcoin and that's what it needs to be to be called a bitcoin investor. You won't be a bitcoin investor if you hold Ethereum or any other altcoins.

There's no need to complicate things to understand and there's no need for any technical aspect needed to be understood by having means of that.

And as you invest in bitcoin, you understand that this isn't just eenie meenie miney mo. But there's a responsibility on your own that you have to take care of your bitcoins.

By means of that, not just in risk aspect but also responsibility on how you're keeping it and as you know, you should be the one holding your private keys and not the exchanges.

[Broadanbig]

Congratulations to your friend on his first purchase of bitcoin. OP, irrespective of the quantity, volume or amount of bitcoin you hold, you are a bitcoin investor. It does not cost anything to hold bitcoin. I was wondering what you meant by that question you asked though but what I know is that anybody can own bitcoin irrespective of their age and nothing can as well stop anyone from purchasing bitcoin as it is an open market for everyone. There is no special tag to bitcoin holders all bitcoin holders are investors as long as you have a minuit fractions of bitcoin in your possession. Bitcoin.
The more bitcoin you hold the more profit you will get come bull run if you are holding for a long term.

[Ronsbit]

I have a close friend who recently purchased 0.8 Bitcoins and when we met he was happy and was like " I am now a Bitcoin investor"
At that point I go this question in mind ;what does it really take to become a Bitcoin investor .does it mean that if you own a considerable amount of Bitcoin in your wallet you are now a Bitcoin investor or there is more to it aside having a basic knowledge of crypto currencies

OP the answer to your question is simple. It requires nothing much from you to become a bitcoin investor but rather with just a fraction of bitcoin you are holding, you are termed or tagged a bitcoin investor. Being a bitcoin investor does not necessarily mean that you must hold up to 1 bitcoin but the little fraction you hold qualifies you to being a bitcoin investor as long as want to keep your bitcoin for without using it for long.

[worldofcoins]

I have a close friend who recently purchased 0.8 Bitcoins and when we met he was happy and was like " I am now a Bitcoin investor"
At that point I go this question in mind ;what does it really take to become a Bitcoin investor .does it mean that if you own a considerable amount of Bitcoin in your wallet you are now a Bitcoin investor or there is more to it aside having a basic knowledge of crypto currencies

To become a Bitcoin investor generally means that you have purchased Bitcoin to hold it as a long-term investment. This is different from buying Bitcoin to use it for transactions or as a means of payment. So, owning a certain amount of Bitcoin doesn't automatically make someone an investor. Instead, the intention and knowledge behind the purchase define it as an investment.

[big kid]

You can be called an investor as soon as you invest money in it. Even if you have 0.001 BTC or less. Just keep it not on the exchange.

[fuguebtc]

I have a close friend who recently purchased 0.8 Bitcoins and when we met he was happy and was like " I am now a Bitcoin investor"
At that point I go this question in mind ;what does it really take to become a Bitcoin investor .does it mean that if you own a considerable amount of Bitcoin in your wallet you are now a Bitcoin investor or there is more to it aside having a basic knowledge of crypto currencies

As long as you own bitcoin, more or less it doesn't matter, and you use it to make a profit, then you are already a bitcoin investor. Investing means we are looking for profit, as long as you can make a profit, it doesn't matter who you are. I never thought about this because I don't want anyone to know that I am investing in bitcoin, and what I care about is how much money I will make with the bitcoins I hold.
By the way, your friend is holding a large number of bitcoins, tell him to protect them as best he can, it will be a huge fortune in the future.

[Weawant]

I have a close friend who recently purchased 0.8 Bitcoins and when we met he was happy and was like " I am now a Bitcoin investor"
At that point I go this question in mind ;what does it really take to become a Bitcoin investor .does it mean that if you own a considerable amount of Bitcoin in your wallet you are now a Bitcoin investor or there is more to it aside having a basic knowledge of crypto currencies

An investor is someone who has invested in a particular assets like Bitcoin, gold etc. It doesn't matter how little or small you have invested or how big your investment was but we're all investors. Investors are then divided into different groups, from the low investors to the whales.

The whales are those investors who have very large amount of an investment that they can influence the market by selling their shares. Before you can become a Bitcoin whale you have to own thousands of Bitcoin but just by purchasing Bitcoin with as low as $1 you're an investor.

Been an investor has to do with your mindset so even though you don't have enough Bitcoin now but stay consistent in buying Bitcoin, at some point you would had invested so much into Bitcoin and Bitcoin would had rise to a price that would have given you enough God profit when you sell.

[TheUltraElite]

I have a close friend who recently purchased 0.8 Bitcoins and when we met he was happy and was like " I am now a Bitcoin investor"
At that point I go this question in mind ;what does it really take to become a Bitcoin investor .does it mean that if you own a considerable amount of Bitcoin in your wallet you are now a Bitcoin investor or there is more to it aside having a basic knowledge of crypto currencies

Seems pretty basic to me, any amount of fiat used to buy bitcoin with a hope of appreciation of value over time is a bitcoin investment the amount should not matter to give apply the phrase. Now 0.8 BTC is a considerable amount for a first purchase in my local fiat so I hope the person bought at the low price and I hope they have a clear mindset about how to manage this asset in future in front of the changes in market.

Here again I am reminded of the common questions of "1BTC" - dont forget that fractional amounts of bitcoin bought is also bitcoin, we dont need whole number here. Whatever small your investment, it is the thought and the enthusiasm that counts not the number.

[cydrix]

I have a close friend who recently purchased 0.8 Bitcoins and when we met he was happy and was like " I am now a Bitcoin investor"
At that point I go this question in mind ;what does it really take to become a Bitcoin investor .does it mean that if you own a considerable amount of Bitcoin in your wallet you are now a Bitcoin investor or there is more to it aside having a basic knowledge of crypto currencies

Do your own research and comprehend the risks if you're thinking about investing in Bitcoin or any other cryptocurrency. It's important to only invest money you can afford to lose in cryptocurrencies because they can be risky and their values can change quickly. You may learn more about Bitcoin and other cryptocurrencies through a variety of online communities and tools, including discussion boards, social media groups, and news and analysis websites. Look for platforms or exchanges that have a solid reputation for having clear fees, strong security measures, and responsive customer service when selecting one to buy and sell bitcoin on.