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Author Topic: What does it take to become a Bitcoin investor  (Read 889 times)
Patrol69
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May 06, 2023, 05:15:58 PM
 #101

It is wrong to think that just because you have enough money in your wallet to invest, you are qualified to invest. 

You cannot become an investor only if you have money, but to be a real investor, you need to have adequate knowledge, experience, patience, risk taking, positive thinking about the market, and market analysis. 
If you invest without having any idea about the market, you will definitely fail in your investment.

Whether you have money to invest or not, the first thing you need to know about investing is rules. And by observing the market you also need to know when is the best time to invest. To be a good investor, you can never be dependent on others or take any decision depending on luck.

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bitzizzix
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May 06, 2023, 05:34:55 PM
 #102

What you need to know is what is meant by an investor because it relates to all types of investments, and an investor is someone who puts their money in a company, stock or other with the aim of making a profit. And usually in the long term like stocks and also crypto or bitcoin.
and to become an investor there is no standard or amount that must be accepted, and as long as he does it for the long term and to get good profits, he can be said to be an investor. And what distinguishes it is the profit that can be obtained, and it depends on how much is invested.


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knowngunman
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May 06, 2023, 05:37:28 PM
 #103

It is wrong to think that just because you have enough money in your wallet to invest, you are qualified to invest. 

You cannot become an investor only if you have money, but to be a real investor, you need to have adequate knowledge, experience, patience, risk taking, positive thinking about the market, and market analysis. 
If you invest without having any idea about the market, you will definitely fail in your investment.

Whether you have money to invest or not, the first thing you need to know about investing is rules. And by observing the market you also need to know when is the best time to invest. To be a good investor, you can never be dependent on others or take any decision depending on luck.
It's wrong to say unless you have the knowledge before you can be refer to as investor. Investor is investor and you are already an investor as long as you own a portion of what you invested on. What I understand from your comment is referring to a successful investor which is not the subject of discussion here.

The original post asked about whether owning a part of Bitcoin qualifies one to be called an investor. The right answer to that question is yes. However, becoming a successful investor requires the qualities that you mentioned in your comment but lacking those qualities does not really disqualified one as an investor if you own it.

It's advisable for one to sincerely seek for knowledge of what you want to invest in no matter how little. It's not possible to have every necessary knowledge actually but one should not be completely illiterate of what you're throwing your wealth into. You can actually seek for advice from experts in the field until you become one.











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May 06, 2023, 05:38:43 PM
 #104

Investors will be completely different from successful investors, not everyone who invests in bitcoin will be successful. To me, as long as you own bitcoin, you are already a bitcoin investor. But to be a successful investor must rely on the ability of each person and a combination of many different factors, not just knowledge. It takes a lot of factors, such as knowledge, experience, and skills as well as a little luck in investment... success is a training process.
No one said that investing is an easy task and perhaps luck is the least you should count on in investing. At the moment, bitcoin is moving in cycles and each cycle shows good growth, so it seems to us that now investing in bitcoin looks very attractive, perhaps many people think that this is a win-win investment, but this is not so, since success will depend on many factors and including how long bitcoin can keep this trend.

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May 06, 2023, 06:45:40 PM
 #105

If you buy/own an amount, any amount, then you can be considered one, though I'd consider "owner" more than "investor" since that makes it sound like Bitcoin is some sort of project that people can invest in, but it's not, it's a currency after all. Even without any knowledge really as long as you own an amount you'd be considered as one. I reckon a lot of people who use fiat don't really understand how it works and yet they still use it and can be considered to own fiat as well.

There's definitely some desire for bragging hence why he coined it like that but eh, whatever, glad for him though.
I guess being an investor is actually not that hard, but if you mean a successful bitcoin investor, that implies knowledge and skills so you won’t end up investing at a loss. And by investing without greed, but patience and persistence until you see your investment slowly working into progress, until it finally paid off. Investing is also an art, that’s why you also have to put your passion on it, but never too emotional.

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May 06, 2023, 07:33:49 PM
 #106

To become a successful investor in the crypto world, especially investing in Bitcoin, we must first learn the basics that we must understand about Bitcoin because the risk of every investor must exist because when we invest, of course, the capital we have to spend so we must be careful not to experience large losses and we will feel pressured if we never get a profit, So first understand how the chart moves and how to buy Bitcoin on certain exchanges because not all exchanges are safe for us to use.
Perhaps, it was a vital thing need to become a Bitcoin investor. Because no way we can call ourselves an investor, or successful investor even though we buy 1BTC or 10BTC when we never know how it works. Because investing is not just all about money and capital but also knowledge. And no way we succeed if don't have those things as it was connected to each other. The more we understand the system, the more encourage ourselves to invest more and earn more. That is why investing doesn't give us profit instantly as it happens when we know how to grow it, just like running a business.

Investors will be completely different from successful investors, not everyone who invests in bitcoin will be successful. To me, as long as you own bitcoin, you are already a bitcoin investor. But to be a successful investor must rely on the ability of each person and a combination of many different factors, not just knowledge. It takes a lot of factors, such as knowledge, experience, and skills as well as a little luck in investment... success is a training process.

Not only in bitcoin  but every business  has principles and  there are books that can help you become better in times of using  this principles, coming  back to bitcoin  a lot of people  love bitcoin  and want to invest in bitcoin  but the continuity matters a lot, I know of people that will disturb  you that they want to invest in bitcoin  before  you know they start selling  gradually  till it finishes, one thing  people don't get is that investing in bitcoin is not for everybody. The factors stated  are majorly what makes you an expect but a lot of people are avoiding the process  and that's why a lot of bitcoin investors have given up.

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May 06, 2023, 07:35:06 PM
 #107

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
Becoming an investor simply means investing in something, doesn't matter whether it's bitcoin, Apple or Tesla. There is no minimum value, you decided to buy something great, now you invested in that asset and you became an investor. Considering the current prices I would say that 0.8 BTC is a very decent amount, not too many people can afford to spend more than $23k at once. But he would be an investor even if he bought 100 satoshi.

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May 06, 2023, 09:54:45 PM
 #108

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
The moment you invest into something, you are instantly an investor. But investing without knowing what you are investing, and how to make your investment works, will never be successful in one’s investment. As a successful investor, you need to develop the right attitude towards investing, by being patient and focused on your set goal and sticking to it, you will end up profitable. And of course, by investing in the right coins that have high potentials for massive returns, that will help you to become a successful and profitable investor in the long run.


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May 06, 2023, 10:19:39 PM
 #109

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
If you buy the assets for the hope to get profit when you sell it then it called Investor. It doesn't matter if you know about said assets before you invest. But again there is a difference between smart investors and bad investors, that's why the knowledge and experience matters a lot here. Your friend really had a bold move saying he purchased 0.8BTC, I hope he knows what he is doing otherwise it will be wasted.

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May 07, 2023, 12:47:31 AM
 #110

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

after all, it's just a fictional name.  when you own bitcoin, you are already an investor, but being an investor does not mean you will get a return on your investment.  what is the goal of the investment? It's profit, so making a profit is more important than people calling you a bitcoin investor.

If you just want people to call you a bitcoin investor, then by owning 100 satoshis, you are already a bitcoin investor.

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May 07, 2023, 10:20:43 AM
 #111

after all, it's just a fictional name.  when you own bitcoin, you are already an investor, but being an investor does not mean you will get a return on your investment.  what is the goal of the investment? It's profit, so making a profit is more important than people calling you a bitcoin investor.

If you just want people to call you a bitcoin investor, then by owning 100 satoshis, you are already a bitcoin investor.
Well, I don't know, it's like saying that you are an investor because you own one share of Coca Cola, but what is the purpose of such an "investment"?

For me, this is not an investment, it's just the first step, an attempt to create something, it's definitely not an investment. I see on the forum they create topics asking if it is possible to start buying bitcoin with $ 30 a month, in fact, you can start buying with any amount, but you will not become an investor from this, it will take too much time to create some kind of more or less significant investment.

I don’t want to name any amount, it will be different for everyone, but in the end you need to be realistic and understand what the investment can lead to if bitcoin reaches, for example, the price of 100k. Therefore, everyone can calculate the prospects for their investments.

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May 07, 2023, 12:56:42 PM
 #112

An investor is an individual who puts his money into a business, an organization.
This is what your friend has done and so he's not wrong to say he's an investor, even though purchasing Bitcoin isn't the only thing to do as an investor.

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May 07, 2023, 02:42:39 PM
 #113

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, you are already a Bitcoin investor.
I mean why need to complicate it. Isn't the definition of Bitcoin investor is "A person who owns Bitcoin"?

What does it really take to become a Bitcoin investor? Capital. That's all you need so that you can call yourself a Bitcoin investor. It doesn't matter if you own a considerable amount of Bitcoin, or a small amount of Bitcoin, or a very huge number of Bitcoins. As long as you are holding Bitcoin, you consider yourself as a Bitcoin investor already.

There's nothing more to it. Knowledge? Maybe the only thing that you need to learn is to know when to buy and sell, and that's it.

 
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May 07, 2023, 02:52:08 PM
 #114

Is he really an investor, or is he just investing in the Bitcoin infrastructure? If you don't own your private keys, then you aren't investing in Bitcoin, but are investing in the exchanges and the EFTs. So many people who are new to bitcoin don't understand the difference.

When your bitcoins are stored on centralized exchanges, you won't have full control over them. But that doesn't mean you don't own it, you can withdraw your bitcoins anytime you want. It's still your bitcoin, so you're still an investor.

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May 08, 2023, 10:32:18 AM
 #115

after all, it's just a fictional name.  when you own bitcoin, you are already an investor, but being an investor does not mean you will get a return on your investment.  what is the goal of the investment? It's profit, so making a profit is more important than people calling you a bitcoin investor.

If you just want people to call you a bitcoin investor, then by owning 100 satoshis, you are already a bitcoin investor.
Well, I don't know, it's like saying that you are an investor because you own one share of Coca Cola, but what is the purpose of such an "investment"?

For me, this is not an investment, it's just the first step, an attempt to create something, it's definitely not an investment. I see on the forum they create topics asking if it is possible to start buying bitcoin with $ 30 a month, in fact, you can start buying with any amount, but you will not become an investor from this, it will take too much time to create some kind of more or less significant investment.

I don’t want to name any amount, it will be different for everyone, but in the end you need to be realistic and understand what the investment can lead to if bitcoin reaches, for example, the price of 100k. Therefore, everyone can calculate the prospects for their investments.

if owning bitcoin does not make you an investor, then if someone wants to become a bitcoin investor, what are the necessary and sufficient conditions?  can you tell me what is the definition of an investor?  and in case OP's friend owns 0.8 BTC, is he not a bitcoin investor?
I also don't want to mention the amount invested because everyone has a different economy, and I think it has nothing to do with being an investor.

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May 08, 2023, 11:23:02 AM
 #116

Investors are always tried to get more profit by any kind of bussiness. There are many big Investors in crypto and hold their btc or other crypto. Yes, you invest in btc, you are btc investor. Probably When they get profit for btc or other crypto, they sell or wait for more profit.


a btc investor really has to get a profit because in my opinion an investor, if he doesn't get a profit, he feels less enthusiastic even though many call him an investor and it would be even better if he is called an investor with good quality and always benefits from his investment.
so in my opinion what is more important is in terms of quality.

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May 11, 2023, 02:59:40 PM
 #117

If you just want people to call you a bitcoin investor, then by owning 100 satoshis, you are already a bitcoin investor.
True indeed, the beauty of how bitcoin has been created, it does not separate you from other people but accepts you as an investor even at the minimum amount bought. Indeed you can just buy any amount whenever and whichever price you wish to, no questions asked. But to know how to keep your coins secure you need to have some basic security knowledge and about wallet software available.

What people go wrong with is buying shitcoins and going for get-rich-quick schemes where there will be big showy pages but zero returns infact you will get scammed. So those things dont come under bitcoin investing, rather it is only the spot trading of bitcoin.

 
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May 11, 2023, 08:11:25 PM
 #118

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


Investment in almost every one dream and arms, for you to become investor you most have to learn and be smart in every area of life, Because our world now we really need more of investmentt then eat all for example in my country Nigeria everything is get high every day to day so you learn how to invest the spending much, so I tried taking the risk to invest because for you to become an investor you have to bear what ever that comes either you loss or profit.
So for you to become an investor you have to know about what you want to invest in and how it works and also the risks that follow before getting to invest. becoming a good investor you most make research to more on any investment platform in ae getting into.

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May 13, 2023, 11:17:00 AM
 #119



When your bitcoins are stored on centralized exchanges, you won't have full control over them. But that doesn't mean you don't own it, you can withdraw your bitcoins anytime you want. It's still your bitcoin, so you're still an investor.

But I think it's not without risk to hold your bitcoins on exchanges and consider yourself the owner.It is just like you keep your capital with someone else and take it from him at the time of need. But there is no guarantee when someone else will take your money and run away,Because your capital is only yours when it is in your possession.

The example of FTX exchange is infront of us where many investers have lost their capital recently.Exchanges only give you access to your bitcoins and give you only one password, While your bitcoin remains in the possession of the exchange .So according to my opinion it is better that you keep Bitcoin in your personal wallet.

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May 13, 2023, 01:04:22 PM
 #120



When your bitcoins are stored on centralized exchanges, you won't have full control over them. But that doesn't mean you don't own it, you can withdraw your bitcoins anytime you want. It's still your bitcoin, so you're still an investor.

But I think it's not without risk to hold your bitcoins on exchanges and consider yourself the owner.It is just like you keep your capital with someone else and take it from him at the time of need. But there is no guarantee when someone else will take your money and run away,Because your capital is only yours when it is in your possession.

The example of FTX exchange is infront of us where many investers have lost their capital recently.Exchanges only give you access to your bitcoins and give you only one password, While your bitcoin remains in the possession of the exchange .So according to my opinion it is better that you keep Bitcoin in your personal wallet.
Since then, what's the most important from every user is their own security. One thing I have noticed from people who doesn't want to invest in bitcoin and wanted to keep their moneys on the bank is that, they are too tired to manage their own finances. Also, ever since then, those who owned crypto are advised that it is much better to keep their own finances in which they can manage compared to storing it inside a custodial wallet that has plenty of people in control, and although they are not someone who will intentionally use your data and information but still has a tendency to do it, it is also not fun to think every night that there will be chances that their platform could be breached or your data could be misused or stolen.

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