Y3shot (OP)
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May 05, 2023, 09:00:37 PM |
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To get profits from bitcoin there are things that should be done when investing in Bitcoin. The first decision to take if you want good profits.
1. Investment should be long-term. Bitcoin is always profitable when investment is long-term, buying in lower amount, hodl till when the market rises. This may take time and this can only be achieved by exercising patience.
2. Not making attempts to time the market. Timing the market is the biggest mistake any investor should think about, this can result too much desperation to make profit that will make investment end bad. It will make sense to invest and not think to about when to make profit from the market.
3. Do not give attention or listen to anti-bitcoin. This can mostly have influence in the investment of young investors, listening to people who are against bitcoin can make you feel you are doing the wrong thing.
4. Do not get worried about volatility (decrease). It is only for a moment, it comes and go. It is just a distraction or threat to make people to take wrong decisions.
5. Top your portfolio when money comes in your hand. This should be with the amount you can afford to lose and not necessarily all you just earned.
This is what I belive for profitable investment, you can also add to what have here if I'm missing anyone.
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Mr.right85
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May 05, 2023, 09:22:52 PM |
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3. Do not give attention or listen to anti-bitcoin. This can mostly have influence in the investment of young investors, listening to people who are against bitcoin can make you feel you are doing the wrong thing.
4. Do not get worried about volatility (decrease). It is only for a moment, it comes and go. It is just a distraction or threat to make people to take wrong decisions.
5. Top your portfolio when money comes in your hand. This should be with the amount you can afford to lose and not necessarily all you just earned.
This is what I belive for profitable investment, you can also add to what have here if I'm missing anyone.
There are definitely a lot of anti-bitcoin out there but, we have some pro bitcoiners as well who at times pass messages that could "cry wolf" but the intention is mainly to warn rather than discourage. That's because, one day, the wolf actually comes to town and in this case, the most we could have is a bearish market. It becomes a needed skill to distinct between them both and take necessary precaution if you must. That's for those that can't handle it when the market drops and your coin lose value.
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bayu7adi
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May 05, 2023, 09:45:12 PM |
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3. Do not give attention or listen to anti-bitcoin. This can mostly have influence in the investment of young investors, listening to people who are against bitcoin can make you feel you are doing the wrong thing.
It's a common occurrence for those who lack patience in reaping the rewards of their investments, even resulting in losses when investing in Bitcoin. Their emotional turmoil easily sways them as the reality in front of them doesn't match their expectations. Everyone has their own pleasures. I'm certain that someone who has already gained immense profits from Bitcoin would not pay heed to any ranting from an anti-Bitcoin individual. For those who remain uncertain about Bitcoin, they simply haven't delved deeply enough into its intricacies. Associating with those who thrive off Bitcoin could be a solution to someone's doubts.
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Bananington
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May 05, 2023, 10:15:54 PM |
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you can also add to what have here if I'm missing anyone.
I will add that for a profitable investment in bitcoin, you also need to know the risk involved in the investment and how to handle them. Having an idea of what can happen will get you better prepared to handle it mentally and physically. Why some people take hasty decisions about their investments is at stake is because they have never expected what has happened to happen. Knowing the risk gets you a step ahead.
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southerngentuk
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Sugars.zone | DatingFi - Earn for Posting
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May 05, 2023, 10:27:07 PM |
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These two tips will probably help for newbies - Seek professional advice. If you are new to Bitcoin or investing in general, it may be helpful to seek advice from a financial advisor or investment professional who can help you make informed decisions based on your individual financial situation and goals. - Set realistic expectations. Bitcoin can be a highly profitable asset, but it is important to set realistic expectations about returns on investment.
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lionheart78
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May 05, 2023, 10:57:26 PM |
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To get profits from bitcoin there are things that should be done when investing in Bitcoin. The first decision to take if you want good profits.
1. Investment should be long-term. Bitcoin is always profitable when investment is long-term, buying in lower amount, hodl till when the market rises. This may take time and this can only be achieved by exercising patience. Bitcoin can be short term, medium term and long term, depending on the situation of the market. A short trade when market is crashing is an instant profit for the trader, he can then easily increase his Bitcoin portfolio by buying at a lower price. We must always be on our toe to take advantage of the opportunity given by the Bitcoin market. 2. Not making attempts to time the market. Timing the market is the biggest mistake any investor should think about, this can result too much desperation to make profit that will make investment end bad. It will make sense to invest and not think to about when to make profit from the market.
Lol, timing is crucial in the market especially when you are doing short trades. I think people who will listen to this advice will lose big time. Profit can be seen when you close your trade. So without selling or thinking your profitability, what is the sense of investment? 3. Do not give attention or listen to anti-bitcoin. This can mostly have influence in the investment of young investors, listening to people who are against bitcoin can make you feel you are doing the wrong thing.
Always pay attention to news, Anti-Bitcoin even though against with Bitcoin investment, they also provide precious information. So do not negate any information that is related to our investment but obviously, we should verify them before making any action. 4. Do not get worried about volatility (decrease). It is only for a moment, it comes and go. It is just a distraction or threat to make people to take wrong decisions. bitcoin is highly volatile, I do not think the volatility of Bitcoin will decrease any time soon. Btw, Volatility is the fluctuation of price, price decrease is equivalent to down trend or price dump while price increase is equivalent to a price uptrend or price surge. 5. Top your portfolio when money comes in your hand. This should be with the amount you can afford to lose and not necessarily all you just earned. Don;t just buy randomly, you should choose when to buy, buying when the price is at its peak is proven to be catastrophic. This is what I belive for profitable investment, you can also add to what have here if I'm missing anyone. I do not think you will profit by suggesting not to think of the profit in an investment. Profit is the main factor why we invest in Bitcoin.
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Zaguru12
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May 05, 2023, 11:14:54 PM |
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1. Investment should be long-term. Bitcoin is always profitable when investment is long-term, buying in lower amount, hodl till when the market rises. This may take time and this can only be achieved by exercising patience.
Long term investment in bitcoin is just considered the safest or more less risky as this would save one from losing most especially by investors who have little or knowledge about it. But this doesn’t mean that short or medium term holding or rather trading is not profitable. The short term is even more profitable sometimes than long term holding for experience traders. But for those that have basic knowledge and are just look to save their funds against loss either by inflations then holding for long is the best option. Overall the best way to get profit off bitcoin solely depends on you, just DCA and take profits off when you feel it is worth it. Aside it just leave off your coins and don’t jump into trading because people are making profits off it.
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romero121
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PredX - AI-Powered Prediction Market
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May 05, 2023, 11:26:06 PM |
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When there is good there'll also be bad. So it is obvious to see people who are in favour of bitcoin as well as people who anti-bitcoiners. It is upto their understanding and the experience that makes them go in favour as well as against the innovation.
Along with all the mentioned suggestions it is a must that you go with your own decisions. You've got good number of choice to make use of bitcoin and cryptocurrencies, one shouldn't limit themselves with holding, people should try to find and utilise all opportunities. This gives better understanding as well as gives positive hopes on using cryptocurrency.
Never look upon the charts when your plan is long term holding, because looking the charts will let you think of different factors that are moving the market. Just believe and go forward investing regularly with atleast a small amount.
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ultrloa
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May 05, 2023, 11:30:28 PM |
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you can also add to what have here if I'm missing anyone.
I will add that for a profitable investment in bitcoin, you also need to know the risk involved in the investment and how to handle them. Having an idea of what can happen will get you better prepared to handle it mentally and physically. Why some people take hasty decisions about their investments is at stake is because they have never expected what has happened to happen. Knowing the risk gets you a step ahead. People forgot about the risk involve on investing on bitcoin since mostly they got blinded by the offer given to them and the most common thing they do is to count the profit even if this one didn't came to their hands yet. People taking wrong decisions because they got mislead on informations they receive that's the reason why we need to verify always what we are trying to do since there are scammers fool newbies and promise heaven but end up hell to them.
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livingfree
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May 05, 2023, 11:34:19 PM |
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There is no doubt that bitcoin is one of the best choice for doing long term investment. But if someone luckily gets to invest in the short term and the market actually favored him and goes in a bull run even if it's just for the short term, as you've said, there's no need to time the market and just take the profit.
Do not miss taking profits, this is the other advice that you can add to those tips because many do miss that and they're not able to take what should be them because of being greedy.
And that's another tip, don't be too greedy.
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BitDane
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May 05, 2023, 11:34:51 PM |
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I would also add to do a thorough research about Bitcoin economy. Knowledge will save us from any difficulty in the market. Bitcoin investment always comes with a risk so learning risk management is also helpful in taking care of our investment. We must also keep ourselves updated and always pay attention to news and updates regardless who is giving the news. Always verify information first hand and can always ask for advice if confused. Obviously, we need to seek multiple suggestion or advice from different people and weigh their responses. This way we can be assure that every step we make in our Bitcoin investment can help us to maximize our profit.
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blue Snow
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Up to 300% + 200 FS deposit bonuses
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May 06, 2023, 01:06:06 AM |
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IDk, And how about you guys?,
if someone talk about how to get profit from bitcoin, I bit bored to hear that because too many topic and thread was discussed it. So with this situation, that possible if people read this, will be fed up, and might just sell their assets right now. They will think about when that time will happen, and when they will get a profit, because they were ordered to just be patient and wait, and don't know the time exactly.
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Bazzu
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May 06, 2023, 01:37:11 AM |
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investing in bitcoin there are short term and long term, and indeed if investing in btc for the long term it is very good and will have the potential to generate big profits, but long-term investment is of course also inseparable from the risk of loss because as we know the price of btc fluctuates very much and even the price of btc can go down to a deep price.
so investing in btc essentially must have good knowledge and strategy, sometimes there are times when it is possible that short-term investments will also be profitable if we have a good trading strategy.
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BlackBoss_
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Rollbit is for you. Take $RLB token!
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May 06, 2023, 01:40:38 AM |
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if someone talk about how to get profit from bitcoin, I bit bored to hear that because too many topic and thread was discussed it. So with this situation, that possible if people read this, will be fed up, and might just sell their assets right now. They will think about when that time will happen, and when they will get a profit, because they were ordered to just be patient and wait, and don't know the time exactly.
Selling in a bull run is good after Bitcoin makes a new all time high, you can sell it. Just don't sell your bitcoins in a bear market because if you can hold it a little bit longer, wait for a new bull run that starts with its next halving, you will have better price to sell. Compare bull markets. You can see how Bitcoin usually makes its new all time high after each halving and a new bull run. The growth rate is good and if you can hold your coins till 2 halvings, it will give you massive profit.
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Husires
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May 06, 2023, 02:08:59 AM |
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Investing is an activity that you deal with from experiences and investment decisions more than reading books. It is like riding a bicycle. You can read hundreds of books, but a quarter of an hour of learning, error and repetition will teach you a lot. All you need is not to invest more than you can lose, to learn before you start investing, to stop greed, to set a clear plan for your investment, and to reduce your ambitions for quick profit.
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SamReomo
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May 06, 2023, 03:37:25 AM |
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1. Investment should be long-term. Bitcoin is always profitable when investment is long-term, buying in lower amount, hodl till when the market rises. This may take time and this can only be achieved by exercising patience.
That's true! Bitcoin is profitable as an investment for those who can hold it for longer durations. Although, no one can actually predict the intensity of profits that comes from Bitcoin but it's still profitable for the long term investors. The duration of profits can't be known as it could be from few months to few years. 2. Not making attempts to time the market. Timing the market is the biggest mistake any investor should think about, this can result too much desperation to make profit that will make investment end bad. It will make sense to invest and not think to about when to make profit from the market.
That's also similar to your first point. Holding for good amount of time is profitable for investors and buying at the right time is also important because if you buy late your returns can be less, but if you buy at right time you can have good returns. 3. Do not give attention or listen to anti-bitcoin. This can mostly have influence in the investment of young investors, listening to people who are against bitcoin can make you feel you are doing the wrong thing.
In any field of life we have those skeptical people and they just want to dishearten us. Those skeptical people who oppose Bitcoin and are against it are illiterates who have less knowledge about its potential. And, with that limited knowledge they dishearten others from investing in it. Some people do that willingly for the marketing purposes as their main goal is to misguide innocent people so they might fall prey and buy their products. Your points are valid and you have definitely learned something valuable as a Bitcoin community member. I appreciate your efforts of sharing the tips with us as they can be helpful for many newbies. I found them interesting and true at the same time. Keep it up my friend and share more knowledge with others. The knowledge increases by sharing.
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Fundamentals Of
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May 06, 2023, 03:51:12 AM |
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But on top of these all, you really have to be convinced of Bitcoin. Otherwise, you might find yourself shaking when the worst bears come and the price is losing more than 70%. Long term hodling isn't easy. And it's impossible to completely shut down FUD and fearful market condition. So if you're not convinced of Bitcoin as a technology, it is much harder for you to survive. Many panicking sellers are probably just treating Bitcoin as an investment and not a technology of the future.
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thecodebear
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May 06, 2023, 04:14:55 AM |
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1. Get educated on Bitcoin so you don't worry about crashes and about when ignorant people badmouth Bitcoin 2. DCA each market cycle during bear market crash and up until the halving or when it hits the old ATH 3. Hold long term
That's all it really takes.
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Stella Mese
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May 06, 2023, 05:17:29 AM |
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IDk, And how about you guys?,
if someone talk about how to get profit from bitcoin, I bit bored to hear that because too many topic and thread was discussed it. So with this situation, that possible if people read this, will be fed up, and might just sell their assets right now. They will think about when that time will happen, and when they will get a profit, because they were ordered to just be patient and wait, and don't know the time exactly.
yes, indeed there are always many words that instruct investors to be patient, but in my opinion this is the best thing because in the business world it certainly requires struggle, examples of people who are patient include those who bought btc in 2010 and sold in 2021 when the price high bitcoins. and the person gets a big advantage and that's the result of his patience. so in my opinion in this case we have to be wise and good at strategizing. and investing in btc whether short term or long term is our right so we can choose according to our wishes.
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franky1
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May 06, 2023, 05:25:53 AM |
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OP is just telling people to invest no matter what
all his tips are to say dont care about the price just keep buying this is not not tips for profitable investing. this is what pumpers want to promote
the main and crucial real tip is so simple its to: buy low sell high
easiest way to look at it is to see the price top and bottom of the last 2 years ($15k-$70k). and use that as a risk range and whatever the price is today the closer to the bottom the more you invest. the closer to the top the less you invest
for those wanting more accurate measures: you can actually see if this range has changed over the last 2 years by understanding where the speculative window of possible price range comes from,, the answer is the world variance of mining costs (if no one can mine for less than X then no one wants to sell for below X. if everyone can mine for less then Y then no one wants to pay more then Y)
in 2023 with mining being 350exahash puts the possible range of $20k(x)-$130k(y) meaning treat that range of $110k difference as a % risk for each $11k above $20k market treat that as 10% risk, meaning 10% less your willing to invest
in short invest more at the low and less at the high
.. some will take it a stage further. by taking the 50% of range as a stop point of buying and start becoming a seller where by at 60% they sell a bit and at 100% they sell alot
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I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER. Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
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