Wrong way to accumulate.

[Prestongold]

 Short-term thinking is one of the wrong ways of accumulation to get rich quickly within the market has many new investors only thinking short term. And while the possibility of earning massive on a crypto investment, there is also the possibility of losing all funds to a bad investment move. Having a long-term investment plan/ mindset would help you choose your crypto investment more carefully and concentrate on picking high-quality projects with a long track record. Trying to get rich in just 90 days is a fast way of going broke but thinking about crypto investing as a multiyear process will help you build a more thoughtful crypto portfolio.

[1715127200]

1715127200

[Mate2237]

People see bitcoin as a get rich quick tool especially if they have witnessed some friends who are into bitcoin and are now living their lives in luxury. Because of envy and greed, they start to accumulate bitcoin the wrong way believing that if they’ll just invest a small amount, their progress will take a lot of years. Eventually, by putting all their hard-earned money into bitcoin without prior research and studies, they end up losing all their money instead. That only proves that investing in bitcoin will never be profitable if you put pressure into it. Bitcoin investment can never guarantee profitability at all times, but if you follow the rules with knowledge and patience, and invest in it for no definite time or target, most likely you will reap positive results in the end.

You have said it all and  nailed them on the table. And there are some friends that also making the situation worse. Because they too did not tell those their friends the risk involved in the investment. And the friends on their part did not bother to ask questions to know more and all what they need is to make the quick money and unknown to them that bitcoin investment take time to ripe and not instant rich. In the contemporary world, greedy and envy are the elements in the world. So one has to be careful with friends. Because they can do anything to get rich this days.

People don't want to do research again and all what they like to do is to invest and get money faster and that has led many to early grave. As you said, if they are patient to invest long term investment and bitcoin rise up to the ATH, they will definitely make it if they use big amount but because of their thoughts in getting quick rich they are always faster than their shadow.

[lousie9]

I totally agree with what you said in this matter. Because investing in bitcoin for the long term must be done with full calculation and there is also no need to rush. We can accumulate slowly and little by little. And of course only use money that is ready if you have to lose. In the sense of cold money that will not be used in the long term. And cold money is usually the money left over after we have met all the necessities needed to support our daily lives. Accumulation with cold money will keep our mentality healthy and not disturbed at all. The point is we have to control ourselves and keep prioritizing the most important needs in our lives and only then invest in bitcoin.

You are absolutely right and I agree that investing in Bitcoin is an activity that cannot be done in a hurry because we also have to learn basic knowledge about investing in Bitcoin and understand what risks will be faced.
If we want to invest, of course we have to do various careful calculations and the most important thing is that we have to adjust to our current conditions and we should use "cold money" to invest in Bitcoin so that our investment activities don't become a burden for us.
But sometimes some people don't have good investment risk management, for example those who are too brave to take risks and are greedy to put all their assets or money in and there are even some people who just sell their property to invest in Bitcoin and do not care about the risks involved.

[Japinat]

What are your own thoughts on wrong ways you think people follow in  bitcoin accumulation.

I agree with what you stated.  Aside from that, people tend to move when they are hyped, one of the wrong move of people who are investing in Bitcoin is that they are carried away by the hype.  They only start buying when the news is already selling.  This will give them a disadvantage because when that time comes, the price has already started surging.  so they end up buying an inflated price of Bitcoin.  It is best to accumulate when the news is still silent.  Other investors tend to avoid buying when the market is in its bear market, they don't think that a bear market is the best time to accumulate.

You got it right. People always doubt whenever it’s new in the market but the moment it got hyped, then they hurriedly buy bitcoin even without prior research on how to do proper accumulation. That is already their first faults in the market, investing when the price is hyped and buying bitcoin without studying how it works in the market. With greed, people continue to accumulate and invest in bitcoin all their hard-earned money thinking that it will always results into huge profits. And the moment they start losing, unfortunately they will begin to attack bitcoin saying all negative stuffs that makes bitcoin a big scam to the eyes of the people.

[Hypnosis00]

Basically almost every bitcoiner is in for accumulation committing  certain amount of investment with a timeline to it. It could be for short term or long term plan.

And I did as it was important that it was included in our plan to whether our investment would be long-term or short-term so we can also easily decide when to sell.

You also risk investing beyond what you can afford to lose which is not what any wise bitcoin investor would do. Bitcoin accumulation is not supposed to be a stressing and self-pressured process but some persons doing it in that way thinking they had arrived late to bitcoin and have to meet up, but that's all a fallacy. With bitcoin you're never late, you only arrived at your right time.

What are your own thoughts on wrong ways you think people follow in  bitcoin accumulation.

It was stressful if we keep looking at the market chart. An investors, we are not day traders who have to check the market every day because we already have a timeline for when to sell our Bitcoin. We just check it when it was almost near because if we keep checking it that possibly will affect our mindset and goal and supposedly not. In order to stay on our goal, we don't have to do this but just check the market when it was already near.

[Weawant]

Short-term thinking is one of the wrong ways of accumulation to get rich quickly within the market has many new investors only thinking short term. And while the possibility of earning massive on a crypto investment, there is also the possibility of losing all funds to a bad investment move. Having a long-term investment plan/ mindset would help you choose your crypto investment more carefully and concentrate on picking high-quality projects with a long track record. Trying to get rich in just 90 days is a fast way of going broke but thinking about crypto investing as a multiyear process will help you build a more thoughtful crypto portfolio.

When you think about investing in cryptocurency with a multiyear timeframe, it'll help you with your choices of investment as you're not look for quick profits, but coins like Bitcoin, Ethereum and other quality project will be included in your portfolio and you'll be patience holding.

You'll also not be rushing to invest as you'll take your time to study the market very well before investing and you won't be investing by buying all the coins  immediately but instead you'll be accumulating slowly until you have reached your goals of investment into Bitcoin.

Short term thinking can lead you to losses more than it can lead you to profits when investing because when thinking of quick profits you'll be attracted to coins that are for short term and they'll not last in the market and all investors mightn't have the opportunity to make profits.

[lalabotax]

Basically almost every bitcoiner is in for accumulation committing  certain amount of investment with a timeline to it. It could be for short term or long term plan.

Accumulating Bitcoin as an asset for investment is a wise thing to do, especially if we really have the mindset to invest more healthily. But what might have an impact here is how the process goes. Because when someone is accumulating their Bitcoin assets, surely this will not be as smooth as they expect. There will be a phase where worry will strike, especially for those who are sort of term holders. Because the price of Bitcoin suddenly dropped drastically as is happening now. The value of our assets will also decrease drastically. Now this certainly won't be a problem for long term holders who do have principles. But if it's new people and short term holders, then they could consider this a disaster.

[romero121]

Until a person find himself to be wrong or right, there is nothing to correct. The person does it based on his understanding about the market. Every people try to have their own technique and strategy while accumulating bitcoin. The best being buy when the price is at the bottom. It is really tough and the same could make us miss opportunity to buy at the lowest price. For this reason it is good to spend specific amount regularly on buying bitcoin. Along with the same DCA is really good against buying as a whole.

[stomachgrowls]

Short-term thinking is one of the wrong ways of accumulation to get rich quickly within the market has many new investors only thinking short term. And while the possibility of earning massive on a crypto investment, there is also the possibility of losing all funds to a bad investment move. Having a long-term investment plan/ mindset would help you choose your crypto investment more carefully and concentrate on picking high-quality projects with a long track record. Trying to get rich in just 90 days is a fast way of going broke but thinking about crypto investing as a multiyear process will help you build a more thoughtful crypto portfolio.

When you think about investing in cryptocurency with a multiyear timeframe, it'll help you with your choices of investment as you're not look for quick profits, but coins like Bitcoin, Ethereum and other quality project will be included in your portfolio and you'll be patience holding.

You'll also not be rushing to invest as you'll take your time to study the market very well before investing and you won't be investing by buying all the coins  immediately but instead you'll be accumulating slowly until you have reached your goals of investment into Bitcoin.

Short term thinking can lead you to losses more than it can lead you to profits when investing because when thinking of quick profits you'll be attracted to coins that are for short term and they'll not last in the market and all investors mightn't have the opportunity to make profits.

But we do know that not all does have the patience on holding for long term or time on which there would be those people who would really be preferring on seeing profits in a shorter time frame and this is the reason on why they would be definitely be engaging with some altcoins or even trying out to touch some meme coins for some possibility of quick profits and possibly that could earn tons of money in a short time but of course we do know that the risks is really that higher.

Accumulation would really be requiring that kind of determination specially when you are holding but initially on which it is really that needing that proper planning in terms of the money that you should only gonna spend.
Its true that there are people who are really just that impulsive or really that dont able to think up carefully in regards to this on which they are really doing such bad step or decision basing up on their accumulation.
Some do even make use of the amounts which are for emergency funds which it is really that too much or something that really in excess.

[lienfaye]

What are your own thoughts on wrong ways you think people follow in  bitcoin accumulation.

These investors needs to educate themselves to know if they're doing it the right way. One of the usual mistake is investing the money that they can't live without due to high expectation, and because of greed. This is the advantage if you're an old investor, aware how the market works and used to seeing the market in bearish season so it doesn't create panic.

Those who think they missed the chance (comparing the previous price to the current) because the value is already expensive didn't realize that it's not really late if your goal is to hold for long period (even for short term, as long as you know how to timing the market).

[fauzan Ichsan]

What are your own thoughts on wrong ways you think people follow in  bitcoin accumulation.

These investors needs to educate themselves to know if they're doing it the right way. One of the usual mistake is investing the money that they can't live without due to high expectation, and because of greed. This is the advantage if you're an old investor, aware how the market works and used to seeing the market in bearish season so it doesn't create panic.

Those who think they missed the chance (comparing the previous price to the current) because the value is already expensive didn't realize that it's not really late if your goal is to hold for long period (even for short term, as long as you know how to timing the market).

the things that are their biggest enemy are themselves, where greed, fear, which is a psychological pressure that must be regulated in such a way so that we can control it, we must correct the wrong mindset, considering that currently many consider the price to be expensive so they do not dare to buy it , even though if we know the characteristics of the market then we will be able to understand that opportunities will always come and we don't need to worry about them, therefore we need knowledge

[dothebeats]

Short-term thinking is one of the wrong ways of accumulation to get rich quickly within the market has many new investors only thinking short term. And while the possibility of earning massive on a crypto investment, there is also the possibility of losing all funds to a bad investment move. Having a long-term investment plan/ mindset would help you choose your crypto investment more carefully and concentrate on picking high-quality projects with a long track record. Trying to get rich in just 90 days is a fast way of going broke but thinking about crypto investing as a multiyear process will help you build a more thoughtful crypto portfolio.

When you think about investing in cryptocurency with a multiyear timeframe, it'll help you with your choices of investment as you're not look for quick profits, but coins like Bitcoin, Ethereum and other quality project will be included in your portfolio and you'll be patience holding.

You'll also not be rushing to invest as you'll take your time to study the market very well before investing and you won't be investing by buying all the coins  immediately but instead you'll be accumulating slowly until you have reached your goals of investment into Bitcoin.

Short term thinking can lead you to losses more than it can lead you to profits when investing because when thinking of quick profits you'll be attracted to coins that are for short term and they'll not last in the market and all investors mightn't have the opportunity to make profits.

But we do know that not all does have the patience on holding for long term or time on which there would be those people who would really be preferring on seeing profits in a shorter time frame and this is the reason on why they would be definitely be engaging with some altcoins or even trying out to touch some meme coins for some possibility of quick profits and possibly that could earn tons of money in a short time but of course we do know that the risks is really that higher.

Accumulation would really be requiring that kind of determination specially when you are holding but initially on which it is really that needing that proper planning in terms of the money that you should only gonna spend.
Its true that there are people who are really just that impulsive or really that dont able to think up carefully in regards to this on which they are really doing such bad step or decision basing up on their accumulation.
Some do even make use of the amounts which are for emergency funds which it is really that too much or something that really in excess.

The temptation and attraction of earning faster or in a shorter period of time really drive people to invest in things like altcoins and meme coins. The attraction that fast-earning investments have brings people to forget about the risk that comes with it. We get too hyped over the idea of earning more profit in a short period of time that we forget about the possible negative outcomes the risk of it may cause. We forget that the greater the deal and benefit sounds the higher the risk it will cause.

[purinZ14]

A lot of people think btc is sure-money and while in a sense there’s some truth to it, they still need to understand there’s always gonna be risks. Giving all your money to something, btc or not, is always not a good thing. There would definitely be some people who’ll see their money grow tremendously which makes them want to invest all their money. Same concept with gambling if you think about it except investing isn’t based on luck but rather extensive knowledge on the market. It’s hard to regain control over oneself when everything that’s happening is good. You feel good so you don’t think of the other bad things that could happen. Well, that’s one unfortunate thing.

[Lorence.xD]

Short-term thinking is one of the wrong ways of accumulation to get rich quickly within the market has many new investors only thinking short term. And while the possibility of earning massive on a crypto investment, there is also the possibility of losing all funds to a bad investment move. Having a long-term investment plan/ mindset would help you choose your crypto investment more carefully and concentrate on picking high-quality projects with a long track record. Trying to get rich in just 90 days is a fast way of going broke but thinking about crypto investing as a multiyear process will help you build a more thoughtful crypto portfolio.

When you think about investing in cryptocurency with a multiyear timeframe, it'll help you with your choices of investment as you're not look for quick profits, but coins like Bitcoin, Ethereum and other quality project will be included in your portfolio and you'll be patience holding.

You'll also not be rushing to invest as you'll take your time to study the market very well before investing and you won't be investing by buying all the coins  immediately but instead you'll be accumulating slowly until you have reached your goals of investment into Bitcoin.

Short term thinking can lead you to losses more than it can lead you to profits when investing because when thinking of quick profits you'll be attracted to coins that are for short term and they'll not last in the market and all investors mightn't have the opportunity to make profits.

But we do know that not all does have the patience on holding for long term or time on which there would be those people who would really be preferring on seeing profits in a shorter time frame and this is the reason on why they would be definitely be engaging with some altcoins or even trying out to touch some meme coins for some possibility of quick profits and possibly that could earn tons of money in a short time but of course we do know that the risks is really that higher.

Accumulation would really be requiring that kind of determination specially when you are holding but initially on which it is really that needing that proper planning in terms of the money that you should only gonna spend.
Its true that there are people who are really just that impulsive or really that dont able to think up carefully in regards to this on which they are really doing such bad step or decision basing up on their accumulation.
Some do even make use of the amounts which are for emergency funds which it is really that too much or something that really in excess.

The temptation and attraction of earning faster or in a shorter period of time really drive people to invest in things like altcoins and meme coins. The attraction that fast-earning investments have brings people to forget about the risk that comes with it. We get too hyped over the idea of earning more profit in a short period of time that we forget about the possible negative outcomes the risk of it may cause. We forget that the greater the deal and benefit sounds the higher the risk it will cause.

I think that's pretty normal to a person's nature which is to earn, so they would find other ways or what we called "alternative" just to earn extra money. So people are aware on the short term potential of altcoins, if there's a potential of course there's also a cons like in Bitcoin. If you are a good investor or trader you would study the coin first before investing due to some coins are made just to get rugpulled by using hyped. Imagine Bitcoin as a known coin for having a huge potential and benefits but we are still aware from it's disadvantages right? Same way in altcoin, you'll need to gather information first if you will put your money at stake. I've actually profited on this alt coins such as meme coins but it's just a quick flip that you won't be planning to hodl for that long.

[Texac]

Short-term thinking is one of the wrong ways of accumulation to get rich quickly within the market has many new investors only thinking short term. And while the possibility of earning massive on a crypto investment, there is also the possibility of losing all funds to a bad investment move. Having a long-term investment plan/ mindset would help you choose your crypto investment more carefully and concentrate on picking high-quality projects with a long track record. Trying to get rich in just 90 days is a fast way of going broke but thinking about crypto investing as a multiyear process will help you build a more thoughtful crypto portfolio.

When you think about investing in cryptocurency with a multiyear timeframe, it'll help you with your choices of investment as you're not look for quick profits, but coins like Bitcoin, Ethereum and other quality project will be included in your portfolio and you'll be patience holding.

You'll also not be rushing to invest as you'll take your time to study the market very well before investing and you won't be investing by buying all the coins  immediately but instead you'll be accumulating slowly until you have reached your goals of investment into Bitcoin.

Short term thinking can lead you to losses more than it can lead you to profits when investing because when thinking of quick profits you'll be attracted to coins that are for short term and they'll not last in the market and all investors mightn't have the opportunity to make profits.

But we do know that not all does have the patience on holding for long term or time on which there would be those people who would really be preferring on seeing profits in a shorter time frame and this is the reason on why they would be definitely be engaging with some altcoins or even trying out to touch some meme coins for some possibility of quick profits and possibly that could earn tons of money in a short time but of course we do know that the risks is really that higher.

Accumulation would really be requiring that kind of determination specially when you are holding but initially on which it is really that needing that proper planning in terms of the money that you should only gonna spend.
Its true that there are people who are really just that impulsive or really that dont able to think up carefully in regards to this on which they are really doing such bad step or decision basing up on their accumulation.
Some do even make use of the amounts which are for emergency funds which it is really that too much or something that really in excess.

The temptation and attraction of earning faster or in a shorter period of time really drive people to invest in things like altcoins and meme coins. The attraction that fast-earning investments have brings people to forget about the risk that comes with it. We get too hyped over the idea of earning more profit in a short period of time that we forget about the possible negative outcomes the risk of it may cause. We forget that the greater the deal and benefit sounds the higher the risk it will cause.

I think that's pretty normal to a person's nature which is to earn, so they would find other ways or what we called "alternative" just to earn extra money. So people are aware on the short term potential of altcoins, if there's a potential of course there's also a cons like in Bitcoin. If you are a good investor or trader you would study the coin first before investing due to some coins are made just to get rugpulled by using hyped. Imagine Bitcoin as a known coin for having a huge potential and benefits but we are still aware from it's disadvantages right? Same way in altcoin, you'll need to gather information first if you will put your money at stake. I've actually profited on this alt coins such as meme coins but it's just a quick flip that you won't be planning to hodl for that long.

I also made quite a bit of money investing in altcoins and I used that profit to invest in bitcoin for the long term.  if we have knowledge and method then investing in altcoin is very profitable but why do people hate it so much?  aren't we here to make money? Why we focus only on bitcoin and ignore bigger opportunities?  like we criticize those who only invest in gold and real estate and ignore the golden opportunity with bitcoin.  but in the end, we are just like them, stubborn and stubborn to only invest in bitcoin and ignore the opportunity to make high profits from altcoins.

[Obari]

Well o don't think  anyone is late to investing in bitcoin  and anyone having such mentality  should have a rethink and restrategize on their investment  plan.
Bitcoin  investment  isn't supposed to be pressured but rather at free will and there is a saying that  we should only invest what we're  willing to lose because nothing is guaranteed not even in bitcoin investment.
I don't know what must have prompted this thread, but this has been a very obvious observation and this is also a call for everyone to be careful and very personal about their investments as anything lost is always difficult to reclaim.

[Aanuoluwatofunmi]

Short-term thinking is one of the wrong ways of accumulation to get rich quickly within the market has many new investors only thinking short term. And while the possibility of earning massive on a crypto investment, there is also the possibility of losing all funds to a bad investment move.

There's nothing bad to engage on a short time planning for your bitcoin investment since it's not a must for you to always go long, many can decide to go trading, while some can choose a specific entry period when the market is low to invest and within ba short period have the market rise and they make decision to release their investment.

Having a long-term investment plan/ mindset would help you choose your crypto investment more carefully and concentrate on picking high-quality projects with a long track record.

Maybe we can also include this in asking what particular type of cryptocurrency investment are we making, is it on bitcoin or we are wasting time on some of the fake crypto projects which may turn out to scam after which we made an investment with them, we must think smart in this.

[Ale88]

You also risk investing beyond what you can afford to lose which is not what any wise bitcoin investor would do. Bitcoin accumulation is not supposed to be a stressing and self-pressured process but some persons doing it in that way thinking they had arrived late to bitcoin and have to meet up, but that's all a fallacy. With bitcoin you're never late, you only arrived at your right time.

Investing and/or spending more than what you can afford is simply plain wrong in any field, it's not something exclusively bitcoin/crypto related: even the stock market could ruin you if you invest too much and it goes down, or also the payments for a house or a car.

[xSkylarx]

You also risk investing beyond what you can afford to lose which is not what any wise bitcoin investor would do. Bitcoin accumulation is not supposed to be a stressing and self-pressured process but some persons doing it in that way thinking they had arrived late to bitcoin and have to meet up, but that's all a fallacy. With bitcoin you're never late, you only arrived at your right time.

Investing and/or spending more than what you can afford is simply plain wrong in any field, it's not something exclusively bitcoin/crypto related: even the stock market could ruin you if you invest too much and it goes down, or also the payments for a house or a car.

It will have a chain effect on you financially because you'll end up borrowing money from others, and that is where your budget will get short because you'll need to pay back what you have borrowed. If we can't afford it, then we should push it through because we will end up struggling. Just invest what you can afford. I mean, you can save for a couple of months if you can't afford it one at a time, but don't overstretch your budget on it.

[Blitzboy]

`

I think that's pretty normal to a person's nature which is to earn, so they would find other ways or what we called "alternative" just to earn extra money. So people are aware on the short term potential of altcoins, if there's a potential of course there's also a cons like in Bitcoin. If you are a good investor or trader you would study the coin first before investing due to some coins are made just to get rugpulled by using hyped. Imagine Bitcoin as a known coin for having a huge potential and benefits but we are still aware from it's disadvantages right? Same way in altcoin, you'll need to gather information first if you will put your money at stake. I've actually profited on this alt coins such as meme coins but it's just a quick flip that you won't be planning to hodl for that long.

Anyone with half a brain would tell you that looking for those quick profits is like playing with fire, especially in the volatile altcoin market. Sure, you've made some profits flipping meme coins, but lets be real: those short-term gains can't compare to the tried and true potential of Bitcoin.

While many chase after the next shiny thing, smart investors, the best investors, know where the real value lies. Furthermore, they would not waste their time with coins that could easily be "rugpulled." It's time to step up your investment performance. I've witnessed numerous people fall because they believed they knew better. Dont join their ranks. If you want to play in the big leagues, you need to think big, not chase after fleeting opportunities.