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Author Topic: How much effort should one put into Bitcoin investments  (Read 509 times)
JoyMarsha
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April 10, 2023, 10:01:46 PM
 #41

What you understand about something will determine how you follow it up. If you understand bitcoin as a promising project and it will get your rich if you have a long-term investment plan on it, so be it. Go ahead and invest in it. Nobody is to be blamed for it if something goes wrong tomorrow. You invested in it of your free will because of the intuition you have about it. You are not forced to do so by the way. If peradventure your bitcoin investment clicks, you'll be the one to take the proceeds of your investment alone

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April 10, 2023, 10:52:23 PM
 #42

Learn as much possible and the same makes you better with cryptocurrency investment. Every investment have got risks, what we need to analyse is how our cryptocurrency is risky compared to the traditional investment. How this can be overcome by an user to experience the best of it. Don't have some goals to be achieved through bitcoin which might disappoint, because we don't know in what direction the price moves.

When one doesn't have any deadline and were able to have patience then anything could be achieved based on the capital investment. Some expect $1000 out of $50 capital which is quite hard and some get lucky. So, we should understand some basics and so makes the expectation.

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April 10, 2023, 11:12:16 PM
 #43

Bitcoin investments is a very promising investment which although seems to be of long term returns.most persons are not patient enough to wait till the value of Bitcoins rise significantly .
Soo in general how much should one invest in Bitcoin should it be "how much you can easily invest without stress " or "as much as you can invest at all cost"
Although I am aware it isn't a do or die affair

How much should one invest in Bitcoin should be the amount that he is comfortable parting with,  Most advice is to invest what we can afford to lose to avoid building up stress and pressure when the investment does not perform well. 

We should also equip ourselves with knowledge and history of Bitcoin price and cycle so that we are able to perform well on the timing of when to buy and sell our holdings.  I agree that patience is the major key to Bitcoin investment since investors need time to see the growth of their Bitcoin portfolio and to get a good amount of profit.

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April 11, 2023, 12:13:17 AM
 #44

Soo in general how much should one invest in Bitcoin should it be "how much you can easily invest without stress " or "as much as you can invest at all cost"
Although I am aware it isn't a do or die affair
(....)
For me, it will always depend on personal preference and should be guided by careful consideration of your financial situation and investment objectives.
Identifying your investment objectives and personal situation will help you to determine how much you are willing to invest in Bitcoin.

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April 11, 2023, 08:36:09 AM
 #45

actually it depends on how much my income per month. I might insert a few percent as funds to invest. although it's not a lot, it's enough if that's the value I want. However, the conditions of each person will be different. because many people dare to invest in bitcoin with all the assets they have and say that it is an asset that they can let go. however, it would be very good if we only use a few percent of the salary we have to invest especially in crypto or bitcoin.

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April 11, 2023, 10:01:32 AM
 #46


The amount of effort one should put into Bitcoin investments depends on several factors, including their financial goals, risk tolerance, and level of experience with investing. Generally speaking, investing in Bitcoin can be a high-risk, high-reward proposition, and as such, it's important to approach it with caution and careful consideration.



Bitcoin investments is a very promising investment which although seems to be of long term returns.most persons are not patient enough to wait till the value of Bitcoins rise significantly .
Anyone that wants to invest in bitcoin should have the mind if making the investment to be long term, but do you know that bitcoin investment can be short term too if you are able not to fomo but speculate very well? Examples are people that invested during kas year December, they are ripping their profit now. But for a significant bull market which means higher profit, long term should be the investment.

Soo in general how much should one invest in Bitcoin should it be "how much you can easily invest without stress " or "as much as you can invest at all cost"
Invest the amount of money that you are capable to invest.
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April 11, 2023, 10:12:55 AM
 #47

I believe that joining a mining farm would provide less effort and more income, coz it can offer several advantages, including access to high-performance equipment, lower energy costs due to economies of scale, and a steady stream of income. Additionally, mining farms can offer technical support and maintenance services, reducing the burden on individual miners. (for more mining bitcoin farm info add my TG  cz_username)

actually it depends on how much my income per month. I might insert a few percent as funds to invest. although it's not a lot, it's enough if that's the value I want. However, the conditions of each person will be different. because many people dare to invest in bitcoin with all the assets they have and say that it is an asset that they can let go. however, it would be very good if we only use a few percent of the salary we have to invest especially in crypto or bitcoin.
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April 11, 2023, 10:19:03 AM
 #48

If you truly follow bitcoin, believe that it’s gonna be next big thing in the future then yes you should put lot of efforts into bitcoin investment. Bitcoin is one of those assets in my list which I consider as gold (physical), stocks and mutual funds (savings) and bitcoin (digital asset). Obviously everyone has different perspective, how they save it and how much money they invest in various assets is personal choice. I’m investing heavily in bitcoin as compared to let us say gold and stocks because now I’m more into it. I know or I have belief that bitcoin would give me more than what gold and stocks could give in the near future. I could be horribly wrong but I want to take my chances all the time.
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April 11, 2023, 12:56:10 PM
 #49

actually it depends on how much my income per month. I might insert a few percent as funds to invest. although it's not a lot, it's enough if that's the value I want. However, the conditions of each person will be different. because many people dare to invest in bitcoin with all the assets they have and say that it is an asset that they can let go. however, it would be very good if we only use a few percent of the salary we have to invest especially in crypto or bitcoin.
Using part of the stipends I received monthly and investing wisely in bitcoin have brought me gigantic figures to my trading and bank accounts. I'm putting in everything I got into bitcoin because it have settled my problems in the past, I've been a beneficiary from the project, understand Bitcoin, it's bull and bear season before investing. I tell you for free, Bitcoin have a promising future with enormous profile if one tends to be early investors in the project. Bitcoin triggered promising hope for long-term investors and there's no way it's not going to hit targets.

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April 11, 2023, 02:57:55 PM
 #50

What you understand about something will determine how you follow it up. If you understand bitcoin as a promising project and it will get your rich if you have a long-term investment plan on it, so be it. Go ahead and invest in it. Nobody is to be blamed for it if something goes wrong tomorrow. You invested in it of your free will because of the intuition you have about it. You are not forced to do so by the way. If peradventure your bitcoin investment clicks, you'll be the one to take the proceeds of your investment alone

No matter how sees bitcoin, either as gold or as ocean of riches, there are rules that guides every type of investment, this bitcoin investment and other volatile investments have their own rules one of which is "invest only what you are able to lose".
Anyone investing without respect to this rule is doing so at their own peril. It may turn out to be great for them or otherwise. Yet, the real gospel of bitcoin should be preached undiluted, so that it will get to and save posterity.

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April 11, 2023, 03:03:53 PM
 #51

You need to be dedicating your whole life, all of your capital. Otherwise you are here temporary. You are not going to make any money. At a slightiest loss and boredom your brain will be clogged.

This is our maze, our labyrinth. If we wouldn't have dedicated years to craft our expertise, we wouldn't exist today. We guard many sacred knowledge to crypto, it is unknown to plebs.

Anyone who made until today faced with existential obliteration risk. I never met with a trader who never wiped out once. I never met with a crypto guy who never nearly lost his mind, thought about committing seppuku.

Signature spammer boys here will babble bullshit but they will never make as much as our legendary gains, will never know what we know.

They will cope and seethe, we will continue to own this game. You are just a tourist, we own this town.
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April 11, 2023, 03:43:14 PM
 #52

Bitcoin investments is a very promising investment which although seems to be of long term returns.most persons are not patient enough to wait till the value of Bitcoins rise significantly.
In other relative investments they can afford to wait but with Bitcoin I often wondered where their rush came from until I realized that it won't be far from that misconception of Bitcoin being a shortcut to wealth. It's on crypto (and possibly in gambling) that someone expects their $10 stake/investment to turn $1,000 overnight. I ain't saying it doesn't happen but it shouldn't be the regular mindset of any investor. Everyone should've that mindset of profit and loss while going into any investment, cryptos inclusive.

Quote
Soo in general how much should one invest in Bitcoin should it be "how much you can easily invest without stress " or "as much as you can invest at all cost"
Yes, it should be according to your capacity and what you can afford to lose.

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April 11, 2023, 03:56:47 PM
 #53

Bitcoin investments is a very promising investment which although seems to be of long term returns.most persons are not patient enough to wait till the value of Bitcoins rise significantly .
Soo in general how much should one invest in Bitcoin should it be "how much you can easily invest without stress " or "as much as you can invest at all cost"

I do not understand what do you mean by an effort to invest in bitcoin ?
If you have extra money, you may invest in bitcoin for long term and if you do not have capital then, you should first raise capital and then invest in bitcoin. Buying Bitcoin from kitchen money or taking a loan is not the right way to invest in Bitcoin.

Although I am aware it isn't a do or die affair

Don't consider bitcoin investment as a do or die thing, otherwise, you will fall into FOMO and may invest all in at one point. Doing DCA is a very good method if you want to get into bitcoin at different prices.

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April 11, 2023, 05:29:26 PM
 #54

Bitcoin investments is a very promising investment which although seems to be of long term returns.most persons are not patient enough to wait till the value of Bitcoins rise significantly .
Soo in general how much should one invest in Bitcoin should it be "how much you can easily invest without stress " or "as much as you can invest at all cost"
Although I am aware it isn't a do or die affair
Any long-term investment should be comfortable, only in this case you can be consistent throughout the investment period. If it is, as you said, at any cost, then this implies that we will most likely need to make some sacrifices from time to time, which in the end will make us doubt the correctness of our actions. You also don't need to invest all your savings, because various situations may occur that require us to unplanned expenses and in this case it will be necessary to sell part of the investment, which is also not very good.

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zaki12
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April 11, 2023, 06:19:48 PM
 #55

Bitcoin investments is a very promising investment which although seems to be of long term returns.most persons are not patient enough to wait till the value of Bitcoins rise significantly .
Soo in general how much should one invest in Bitcoin should it be "how much you can easily invest without stress " or "as much as you can invest at all cost"
Although I am aware it isn't a do or die affair
A good bitcoin investment should indeed be planned and carried out wisely and calmly.  Long-term investments can also provide greater returns than short-term investments, especially if done with the right strategy and accompanied by thorough research and analysis.

It is important to remember that in the long run, markets can change and volatility can occur.  Therefore, patience and discipline are needed in carrying out a long-term bitcoin investment strategy.

Bitcoin investing is not something to be done on impulse or on a whim.  Instead, bitcoin investments should be considered wisely and based on financial goals and acceptable risk.
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April 11, 2023, 06:35:20 PM
 #56

Bitcoin investments is a very promising investment which although seems to be of long term returns.most persons are not patient enough to wait till the value of Bitcoins rise significantly .
Soo in general how much should one invest in Bitcoin should it be "how much you can easily invest without stress " or "as much as you can invest at all cost"
Although I am aware it isn't a do or die affair

It's a very nice question and the answer to your question depends on how much you have and whether investing a certain amount would affect you financially. If you have an extra 1000 dollars or more divide it by 10 and invest it in Bitcoin at various price ranges.

For instance if you have 1000 dollars to invest divide it by 10 which will provide you with the chance to invest in 10 different ranges. The first range should be at 29,000 dollars and the second range should be at 27,000 dollars and continue investing in this pattern. If your order get successfully filled  at those ranges then hold onto them for at least 4-5 years.

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April 11, 2023, 06:45:27 PM
 #57

We have to realize that bitcoin is not something that really makes us rich instantly and of course being here the risk is clearly big enough so you can't just be sure if you don't understand how bitcoin works.
But when we are sure about bitcoin I think no matter how much investment you make here you will never experience stress or negative thoughts like you said in your thread, because you are sure of that choice.
Panic, stress and other unfavorable things show that you are not too sure about your choice and when something like that happens I think you should reassess what you are here for.

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April 11, 2023, 09:40:20 PM
 #58

We have to realize that bitcoin is not something that really makes us rich instantly and of course being here the risk is clearly big enough so you can't just be sure if you don't understand how bitcoin works.
But when we are sure about bitcoin I think no matter how much investment you make here you will never experience stress or negative thoughts like you said in your thread, because you are sure of that choice.
Panic, stress and other unfavorable things show that you are not too sure about your choice and when something like that happens I think you should reassess what you are here for.

unfortunately, a lot here are still hoping that one day, btc will be their saviour of acquiring riches in the future. this is why they are agitated to get a hold of btc in their vaults for such goal. if you have your targets and you do believe on this market, you should not be too worried about your portfolio. and always do take note that only use your extra funds so you won't be in tight spot if you happen to need the money.

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April 12, 2023, 01:02:59 AM
Merited by Fiatless (2)
 #59

Wait for how long? Most persons have a target and price that they expect bitcoins to get to before they sell. When the price gets to that point either quickly or takes a little time, they sell without considering if the prices will go hire. They are okay with that profit. Not everyone is waiting for bitcoins to get to a new all time high before they sell.

But they all should be waiting because they're losing whenever they sell, for people that sold when Bitcoin reached $20k for the first time in the 2017 bull market, they all lost when Bitcoin reach a new all time high in 2021, they should have just hodl instead of selling.

The sellers are the reasons Bitcoin is finding it hard to break some resistance level .Bitcoin gives more profits when we hodl. Young investors need to understand that making riches has to do with been patient when investing and not always been in a rush to sell.

Alot of efforts has to be put into investing in Bitcoin to protect our investment. Many people that ignored all this precaution to take are all regretting since their assets has been stolen or forgotten.

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April 12, 2023, 04:05:14 AM
 #60

most persons are not patient enough to wait till the value of Bitcoins rise significantly .
You are quite right about this, patience is one of the keys to being successful as an investor in Bitcoin, without patience what you earn is not as big as if you are patient together.
Early investors are currently enjoying the results of their patience, in any price range, selling Bitcoin now which was obtained a decade ago, is still in a profitable position and inversely proportional to those who are impatient because at this time they may be regretting the decision to sell, even though they still get profits, but not as big as if hold longer.

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