Don't look for investment, just hodle!

[Ojima-ojo]

The reason why so many newbies have missed their steps in Bitcoin is because they have missed the primary approach to avoid getting into the wrong investment,  because we all know the risk associated with cryptocurrency for that there is need to clarify one thing which is is burn out of personal research.


Reason why many fail for scam is because they are looking for investment instead of just holding Bitcoin and wait for it value to appreciate organically,  there is no doubt that DCA approach is good but then also if a newbie os not careful you could lose along the line of DCA so DCA is out of this discussion,  but let dive into something more realistic taking recent happenings with so many investment scam,  exchanges ditching off their clients money and so many other scam projects platform and signals that are notable bad actors in the market.

To avoid all this,  it become paramount to only abide by one rules which is to keep Bitcoin in your wallet and stop looking for investment that are centralized to reduce your risk.

Just a friendly advice!

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[Obari]

To avoid all this,  it become paramount to only abide by one rules which is to keep Bitcoin in your wallet and stop looking for investment that are centralized to reduce your risk.

Just a friendly advice!

Great advise mate but the truth be told that holding is much more easier and profitable  for people with some reasonable sum of holding or portion of bitcoin.
I see nothing wrong with hodling as well as seeking better paying options provided you know what you're doing and you also do your researches as nothing is guaranteed in cryptocurrency industry even is the profit in holding guaranteed if the amount in holding is not relevant.

I do agree with you that holding  seems to be the best option but on the other hand, I think everyone's reasons for adopting bitcoin  differs.

[348Judah]

The reason why so many newbies have missed their steps in Bitcoin is because they have missed the primary approach to avoid getting into the wrong investment,  because we all know the risk associated with cryptocurrency for that there is need to clarify one thing which is is burn out of personal research.

Let's be more practical in this and come down to the real and actual fact about why people come into cryptocurrency and why bitcoin is far preferred than any choice, some lack the trust in centralized currencies, while some people needed an investment opportunity to make money while they have some financial assets to hold over a period of time, there's this positive vibez in us that trig our developed interest in making decision to go for cryptocurrency, part of some of these reasons are why we are all here together to maximize the opportunity in making financial wealth and freedom in it.

Reason why many fail for scam is because they are looking for investment instead of just holding Bitcoin and wait for it value to appreciate organically

If someone can get introduced to bitcoin and already have an idea on trading, then it's nothing bad if he can quickly develop more skills in learning more about bitcoin and it trading, where the mistakes lies is in our people veting in what they have no idea about, definitely there will be lost of money, unavoidable mistakes and more errors.



 

[Faisal2202]

Holding also comes under the umbrella of investment. In holding, one is investing their funds or assets for a longer period of time, whereas in trading (which is also a form of investment), one is investing for a shorter period of time. That's why most people used to distinguish between trading and holding because both have different strategies and different outcomes.

Holding is also investment, so saying do not look for investment, just hold might not be correct.
But other than this fact, I totally agree with you that those who want to confirm profits or who are looking for better results than trading must prefer holding, but this advice must not work for everyone. Because some people want to become rich overnight, they know BTC cannot make them rich with their low investment, but if they invest in some shitcoin or some project that assures 100x or 50x (most are scams), they tend to invest in those.

They know the risk involved, but most newbies don't. The point is that the greater the risk, the greater the reward. Now one who is more greedy will look for more money and take more risks, while in holding there is less risk involved.

Ps: Before posting please check for spelling and grammatical error.

[PytagoraZ]

To avoid all this,  it become paramount to only abide by one rules which is to keep Bitcoin in your wallet and stop looking for investment that are centralized to reduce your risk.

Just a friendly advice!

Sounds like good advice. But holding bitcoin is not easy. I have been losing money since I bought bitcoin a month ago, I bought it when it was $33,000, then the bitcoin price went down, I bought bitcoin for $29,000, and the price is still going down. I'm confused about what price to buy bitcoin at. Even though I only have a little bitcoin but holding bitcoin is difficult, I hope there's no sudden need so I don't have to sell my bitcoin

[Zaguru12]

Holding also comes under the umbrella of investment. In holding, one is investing their funds or assets for a longer period of time, whereas in trading (which is also a form of investment), one is investing for a shorter period of time. That's why most people used to distinguish between trading and holding because both have different strategies and different outcomes.

Was on already typing this I felt OP actually made a mistake of contracting the two word holding and trading. Holding basically is also investment since is an act of allowing the assets grows into some profits over a period of time, it can be short or long but the the time frame determines the percentage of profit to be earn. This is what holding bitcoin is all about.

The one OP says about exchanges leaving with others money can simply be classified as trading because this is the only area where People leave their funds on an exchange. On to trading just like it brings quick profits to the investors the risk is higher to a total newbie to it and just like OP pointed out it is a huge risk for newbies to ho into it. So what I would say i deduce from the post is without proper knowledge just treat bitcoin first as an investment by holding firm on a good and reputable Wallet rather than trading to avoid scam

[youdacapt]

The reason why so many newbies have missed their steps in Bitcoin is because they have missed the primary approach to avoid getting into the wrong investment,  because we all know the risk associated with cryptocurrency for that there is need to clarify one thing which is is burn out of personal research.


Reason why many fail for scam is because they are looking for investment instead of just holding Bitcoin and wait for it value to appreciate organically,  there is no doubt that DCA approach is good but then also if a newbie os not careful you could lose along the line of DCA so DCA is out of this discussion,  but let dive into something more realistic taking recent happenings with so many investment scam,  exchanges ditching off their clients money and so many other scam projects platform and signals that are notable bad actors in the market.

To avoid all this,  it become paramount to only abide by one rules which is to keep Bitcoin in your wallet and stop looking for investment that are centralized to reduce your risk.

Just a friendly advice!

Hodling is expensive and not for everyone and i will explain using your own context of "keep btc" and the market reality. Hodling in my opinion means you are buying bitcoin in a cheap price and keeping it for a long time until the prices peak. The reality; the reality is that everyone cannot buy and hodl 0.1 btc long term which means if you are buying and hodling 100-1000$ value of btc long term you are just playing around. 

So my dear readers; look for valuable investments that help you increase your capital (Including MEME COINS); then use the proceeds to invest in bitcoin so that you are able to hodl BTC (if you want to) because to my knowledge, bitcoin is bullish longterm.

[mk4]

there is no doubt that DCA approach is good but then also if a newbie os not careful you could lose along the line of DCA so DCA is out of this discussion

How do you even lose money "if not careful"? If you literally just buy weekly/monthly what's the room for error here? Not buying even when you're already scheduled to(due to DCA)? If so, then the risks are the same even with lump sum. If the person doesn't follow his/her sound strategy, then mistakes will be made.

[Hyphen(-)]

Sounds like good advice. But holding bitcoin is not easy. I have been losing money since I bought bitcoin a month ago, I bought it when it was $33,000, then the bitcoin price went down, I bought bitcoin for $29,000, and the price is still going down. I'm confused about what price to buy bitcoin at. Even though I only have a little bitcoin but holding bitcoin is difficult, I hope there's no sudden need so I don't have to sell my bitcoin

Holding Bitcoin is difficult for people who are not patient enough to wait for the price to rise, and just like you, who is hoping that no problems arise soon or else you sell your Bitcoin, some people do invest in Bitcoin in the hopes of making a quick profit, which is incorrect; that is why it is always advisable to invest only what you can afford to lose.

Due to the instability in our everyday lives, we are sometimes needed to set aside some money for such unexpected occurrences and avoid selling our Bitcoin when we are not in profit. As a result, we are urged to employ DCA when investing in Bitcoin in order to plan for other expenses within our monthly or annual incomes.

[sunsilk]

Holding Bitcoin is just another investment. And to those people that are looking for another investment, it's normal to look for another one because all we want to do is to maximize the use of our money as a tool to generate more money.

While I agree that buying and holding Bitcoin is the best choice. But, there can be other options that the same Bitcoin holders can do as long as they know what they're doing.

The advise is typically good and a warning to those that don't know what they're doing and quickly buying anything that's suggested to them, especially the altcoins that are just randomly suggested.

[Ojima-ojo]

Holding also comes under the umbrella of investment. In holding, one is investing their funds or assets for a longer period of time, whereas in trading (which is also a form of investment), one is investing for a shorter period of time. That's why most people used to distinguish between trading and holding because both have different strategies and different outcomes.

 

Yes holding is the primary form of investment and aside from holding all other form of investment have high risk of losing your money along the line, This statement aims to divulge the misleading tendency of looking for investments all in the name of bitcoin investment instead just buying Bitcoin and holding in the wallet for the long term based.


That is the angle I am looking at it from because there have been a lot of fraudulent investments that have been disguised and lebel with Bitcoin or cryptocurrency that have failed to uphold the trust that their customers bestowed on them.

[CryptoHeadlineNews]

Reason why many fail for scam is because they are looking for investment instead of just holding Bitcoin and wait for it value to appreciate organically,  

And not only that, but the reason why most newbies fall victim to scam is simply because as a result of their greed, they trying to get rich quick over night with Bitcoin, and as such, fall victim to fake online investment scams, as they tend to promise an offer too good to be true.

To avoid all this,  it become paramount to only abide by one rules which is to keep Bitcoin in your wallet and stop looking for investment that is centralized to reduce your risk.

Just a friendly advice!

Yes, it's true that holding BTC for long term is the best strategy for making good gain of your Bitcoin investment, but that doesn't mean making good gains over a short time frame is not possible, because that's where "Day trading" and "Dollar Cost Averaging" comes into play, which is ought to be done when you have gotten experience, and not as a newbie, as you are likely to lose funds because of your lack of knowledge.

[Rruchi man]

Reason why many fail for scam is because they are looking for investment instead of just holding Bitcoin and wait for it value to appreciate organically, 

And what's the reason why most newbies are looking for where to invest?

It is not always because of the lack of information that HODLing is good and DCAing can be a better strategy to accumulate bitcoins, they know this, but greed is most times motivating factor to want to double or triple the amount of bitcoins they have on a very short notice, and as a result of that they ignore all the warning of avoiding bitcoin investment platforms that promises ridiculous high returns. They become victims, loose their bitcoins and end up in regret.

[Die_empty]

Hodling is expensive and not for everyone and i will explain using your own context of "keep btc" and the market reality. Hodling in my opinion means you are buying bitcoin in a cheap price and keeping it for a long time until the prices peak. The reality; the reality is that everyone cannot buy and hodl 0.1 btc long term which means if you are buying and hodling 100-1000$ value of btc long term you are just playing around. 

You are right when you said that investing in Bitcoin is not for everybody. It is not for the greedy and impatient folks that wants to make quick money. Bitcoin is not also expensive to hodl because you can buy based on your income and budget. I don't care how small the profit might look because am always content with it. So I will not agree that I am wasting my time investing in bitcoin.

So my dear readers; look for valuable investments that help you increase your capital (Including MEME COINS); then use the proceeds to invest in bitcoin so that you are able to hodl BTC (if you want to) because to my knowledge, bitcoin is bullish longterm.

Is there any coin that is as valuable as Bitcoin? Have you also considered the risk involved in investing on these shitcoins? These statements are based on your knowledge because other notable members have good experience about long term bitcoin investment.

[DVlog]

Reason why many fail for scam is because they are looking for investment instead of just holding Bitcoin and wait for it value to appreciate organically

Great! But how someone will hold Bitcoin if they do not make their investment into Bitcoin first? If you are referring to investing in altcoin then i think you should revise your investment strategy again. I know we have a lot of bitcoin maximalists in here but there are people who like to take risks in altcoin. We have seen in every bull cycle project like polygon, solana, Shiba inu emerge and the investor makes a huge profit. Everyone wants that kind of gain. So if a very small portion of my portfolio is in altcoin I wouldn't mind.

[CryptopreneurBrainboss]

Reason why many fail for scam is because they are looking for investment instead of just holding Bitcoin and wait for it value to appreciate organically,  there is no doubt that DCA approach is good but then also if a newbie is not careful you could lose along the line of DCA so DCA is out of this discussion, 

I'm confused, how do someone lose in the line of DCA, when you're DCA you're investing in Bitcoin periodically and this means you haven't thought about selling but just buying so then how do you lose? Newbies fall for scam investment because they're not yet informed on things happening in the crypto space, some are inform but still ignorant because they aren't patient to wait for Bitcoin to give them profits in few years time but want instant gains and that's why we have numerous projects because the founders know there are many gullible investors looking for the next profitable investors and knows they can scam these set if investor.

To avoid all this,  it become paramount to only abide by one rules which is to keep Bitcoin in your wallet and stop looking for investment that are centralized to reduce your risk.

The market is full of opportunities to make you rich (that's what they're been told by the influencers paid to hype a certain project) so it becomes difficult to ignore all this distraction all over the market and just buy Bitcoin which is why I advice new investors to make bitcoin their top priority then whatever is left they can use to play with the market (which is more like them going to a casino to gamble). I'm not against anybody experimenting with the market but they should know all there's that isn't Bitcoin would probably make them lose money in the long run.

[ZAINmalik75]

To avoid all this,  it become paramount to only abide by one rules which is to keep Bitcoin in your wallet and stop looking for investment that are centralized to reduce your risk.

Just a friendly advice!

After reading your post 2 to 3 times then I realized what actually you are trying to emphasize here. You are trying to justify the fact that instead of investing in new projects, alts, NFTs, metaverse etc. platforms in the hope of better outcomes you should invest in BTC for the longer period of time and wait for the results. And I am agreed with you because I have seen the results of daily trading and the holding.

But sometimes lump sump trading is better then holding but of course in the short period for example if BTC drops price to $25k and people still doing DCA instead of lump sum buying then they might not be doing right because accumulating is necassary but getting more on dips is also necassary and now if those who would have lump sum at $25k and waited for the next ATH means if they hold then the results will definitely be risk free as the risk is involved in other alts and risky investments.

Halving is coming in around 8 months and after that new ATH might be set in less then 15 months or maybe more, as no confirm date just a prediction but still holding now is the best option.

[Asuspawer09]

The reason why so many newbies have missed their steps in Bitcoin is because they have missed the primary approach to avoid getting into the wrong investment,  because we all know the risk associated with cryptocurrency for that there is need to clarify one thing which is is burn out of personal research.


Reason why many fail for scam is because they are looking for investment instead of just holding Bitcoin and wait for it value to appreciate organically,  there is no doubt that DCA approach is good but then also if a newbie os not careful you could lose along the line of DCA so DCA is out of this discussion,  but let dive into something more realistic taking recent happenings with so many investment scam,  exchanges ditching off their clients money and so many other scam projects platform and signals that are notable bad actors in the market.

To avoid all this,  it become paramount to only abide by one rules which is to keep Bitcoin in your wallet and stop looking for investment that are centralized to reduce your risk.

Just a friendly advice!

I mean Bitcoin is great as an investment sure if you're going to buy Bitcoin for sure that is the main reason why we buy Bitcoin anyway I mean I dont know anyone who bought Bitcoin that doesnt treat Bitcoin as their investment or doesnt expect any kind of return on Bitcoin. For sure Bitcoin was just a new thing back in the day a few years ago, There was no such proof that Bitcoin going to guarantee profit so it was obviously risky to invest in Bitcoin in the past years, even now the market price is just supply and demand.

I can clearly see your point here but I think the best way to say it is to only invest what you can afford since it is just not expecting anything on return on your cryptocurrency because that just means you could hold for a long term because you not expecting anything, I completely agree with it since a lot of newbies are just buying cryptocurrency expecting a big return already, the trick is to HODL for long term until the Bullrun, which is, in my opinion, is going to be difficult if you're just going to make Bitcoin or cryptocurrency your main source of income, if you have multiple sources of income you could easily HODL for long term investment since you dont need the profit quickly if you have a emergency.

[Mr.suevie]

there is no doubt that DCA approach is good but then also if a newbie os not careful you could lose along the line of DCA so DCA is out of this discussion

How do you even lose money "if not careful"? If you literally just buy weekly/monthly what's the room for error here? Not buying even when you're already scheduled to(due to DCA)? If so, then the risks are the same even with lump sum. If the person doesn't follow his/her sound strategy, then mistakes will be made.

I believe some people who actually buy are not prepared and just rush into buying due to anxiousness and story maybe they heard from someone who is holding bitcoin about how lucrative it can be without properly explaining the whole thing and before you know as they buying they are expectations will be very high in so doing makes lots of mistakes in their crypto journey.

[Wakate]

We need to hold whatever coin we have as long as we know that the project is going to stay for a long time with a good team which are always ready to promote the project. We don't only need to hold Bitcoin but we can make it one of the biggest in our portfolio. Bitcoin is more unique and safe than many of the coins we have in the market that are owned by individual or some group of developers. There is money in cryptocurrency if we know what we are doing and how to position our trades and investment to yield good profits to us.