Don't look for investment, just hodle!

[Dave1]

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.

Yeah, but there are projects in the beginning that we thought might stay for good, but suddenly it exit scams? And then there are projects that still exists up to this time, however, it doesn't have any good price, in fact even didn't reach a new all time high during the last bull run.

That's why the best coin to really hold is BTC (at least I can majority here will agree with me). And majority of us have like 60% of their portfolio on bitcoin and the rest, on the altcoins that they want to hold and see if it will really bring some money for them in the future.

[RockBell]

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.

Just a friendly advice!

Most people are always looking for places where their Bitcoin can be invested to yield more profits, but at the end they are going to be scammed. I don't really know why people are always desperate to make money. Bitcoin investment is kind of easy, just buy your Bitcoin and hold it, and make sure you do the necessary things that you are supposed to do. Never trust anyone that introduces you to any Bitcoin investment platform, all of them are scams, they just want to steal the Bitcoin that you are planning to invest in the platform.

Don't trust an exchange with your Bitcoin investment. When holding Bitcoin, it should be in your non-custodial wallet and not your exchange. It's not safe to leave your Bitcoin on an exchange.

[lionheart78]

Holding is also investment, so saying do not look for investment, just hold might not be correct.

It is outright incorrect since before anyone holds Bitcoin, they have to spend money to buy Bitcoin as an investment.  @OP is trying to emphasis something I get it but it looks like @OP is somehow confused about the terms he used, it is a good thing that you spot it right on.

Aside from that investment has a wide array of options, and it is not limited to cryptocurrency so this statement should be emphasized correctly.

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.

There is nothing wrong with diversifying into other forms of investment outside cryptocurrency if one thinks he has enough of BTC holdings.  Remember BTC is highly volatile and its future is still uncertain. Not because its price history has been an uptrend hill with some setbacks it will continue to go uphill.  There will be a point in time when the BTC price will reach its apex and will start to become stable or decline from there.  So it is always a good thing to be open minded and not just put all the eggs in one basket.  Just do intensive research if one is looking for a new project to invest in.

[Sandra_hakeem]

What you saying in essence?? That HODLing isn't termed an "investment"?.. C'monnn, you need to read vast so you won't intertwine up factuals with 'em regular, shitty factoids you read onboard. Basically, i sometimes find your post very boring as it's embedded in them alot of tautologies - improve
In as much as we've got so many fake money doubling projects, trending on social media platforms - it doesn't replace the clear process of staking 'em coins... sometimes I wonder how peeps are really delusional about grading the Grand coin with this ponzis everywhere - they tend to be gullible to something that has never survived the last 5 years?!

Sandra 🧑‍🦰

[freedomgo]

Learn first before you resort into any type of investment. Educate yourself even in low risk bitcoin accumulation and long term hodling, because in reality everything about bitcoin requires knowledge and good information to make you successful. Hodling might be underrated at some point, but always know that you can never hold and expect decent profits after if you also don’t have patience and positive attitude to make your long term hodling work and end in profits.

[letteredhub]

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.

Op people don't fall for scam because they are not practicing bitcoin holding buy rather their poor research on an investment before investing that makes them fall for scam. Many are making bulky profits by investing in the right project, perhaps not everyone will have to make profit through investing same way holding bitcoin doesn't guarantee you making tangible profit  except you are holding a notable amount of bitcoin and you have the patience to hold for that long necessary, which not all can and that's why they move for investment in other projects.

[Adams0001]

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!

Many senior members of the forum have said this several times before that trading is not for everyone and in order to reduce the risk of losing your funds, you just learn how to hold, not just any coin but bitcoin, in some years to come, you’ll make a lot of profit from the holding. In order to become successful, one need to be patient. Many newbies lack being patient and that is what is making most of them falling for cheap scam projects to make them rich overnight. No one said it is going to be easy but many of them lack that ideology which is what makes them fall for all this scams. This is a nice idea and every newbie who has no knowledge of trading or can’t risk their investment should just go and buy bitcoin and hold for a long time.

[Ultegra134]

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

None of the two is easy. You're losing money and you're already flipping out because seeing your Bitcoin lose value isn't something easy to swallow, especially if you're new to cryptocurrencies. I believe that all of us at some point couldn't stand seeing our coins lose value.

Many senior members of the forum have said this several times before that trading is not for everyone and in order to reduce the risk of losing your funds, you just learn how to hold, not just any coin but bitcoin, in some years to come, you’ll make a lot of profit from the holding. In order to become successful, one need to be patient. Many newbies lack being patient and that is what is making most of them falling for cheap scam projects to make them rich overnight. No one said it is going to be easy but many of them lack that ideology which is what makes them fall for all this scams. This is a nice idea and every newbie who has no knowledge of trading or can’t risk their investment should just go and buy bitcoin and hold for a long time.

Not every type of investment suits everyone. Holding might be best for someone who's not willing to be actively invested in the whole process of constant buying and selling. You need to be able to make tough decisions within short periods of time, and not everyone has the guts to go through that on a daily basis, which is extremely stressful. Holding, on the other hand, doesn't guarantee you a risk-free investment that'll pay off. It's probable but not guaranteed to happen, and if it does, it might take years of not generating any yield.

[Agbamoni]

We should understand that holding Bitcoin might not be suitable for everyone, especially if you're not financially stable. Your ability to hold Bitcoin largely depends on your source of income. For example, if you have only $100 worth of Bitcoin and you plan to hold it for a long time, you need to consider the market's high volatility. A 10% drop in Bitcoin's price could result in a loss of your funds.

If you're thinking about holding Bitcoin for an extended period, it's advisable to have at least 50% of one whole Bitcoin. This way, you'll be more confident in holding it for the long term. It's almost certain that the price of Bitcoin will increase over time, so if you have the funds, you can consider buying and holding. Luckily, the next Bitcoin halving is expected in 2024, which could be a favorable time to invest.

Always remember that any time can be a good time to buy Bitcoin, especially if your intention is to hold it for the long run.

[michellee]

Beginners make the mistake of investing in crypto because they don't do more research. They also only follow suggestions from their friends or other people or even influencers they find on social media. These beginners only want fast profits in a short time so they are wrong in choosing the coin.

They don't invest in Bitcoin but in new projects whose future is unclear. And most of them are still fooled by the seduction of others to follow his advice by buying tokens for new projects. They also don't get clear information about the project so they experience fraud, which causes losses.

For long term investment, Bitcoin is clearly the best. But only a few beginners realize it so they prefer new projects until they are tricked. Hopefully, after this, more beginners can get clear information about Bitcoin so they don't choose the wrong project.

[Onyeeze]

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.

not only the newbies missed out getting into wrong investment, even the people you might think that they are strong enough and have the knowledge of cryptocurrency also invest wrongly in cryptocurrency, some times what makes investors to invest to place they are not to invest is lack of information and inability to make research to know good coin to invest, some time is greediness that made to invest wrong by investing in altcoin that is not well established and also have no influence in the market

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 organicall

it's altcoin investment that always come scam and some one investment is base on altcoins every time means it's possible for the person to get scam through altcoins investment. For me it's only bitcoin and Ethereum that is good to hold for long time even though the market is still not doing well, but holding an altcoin that have no recommendations to any one is not good. Your investment with altcoin can be wipe with short time

[tech30338]

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 think its okay for them to look for other investment, since you should not put everything in one basket, at the same time, spreading to other tokens is a right approach, the only reason they fail is because they don't know what coin to invest, and did not do any research , they just listen to hype and bought at the wrong time, this is where being resourceful came to play.

[cryptoaddictchie]

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.

Well thats a good advice but I doubt that can be followed for some degen or those who used to investing on altcoins. We all knew how powerful bitcoin is and its the leader of the whole cryptomarket. Doing dca for bitcoin isnt bad but altcoins has a potential for a multiplier gains. Well last bull run it did occured on some and its really boosted the profits of every investors. Its just a matter of proper due diligence which project is gotta explode when the bull run happened once again.

[CageMabok]

I think its okay for them to look for other investment, since you should not put everything in one basket, at the same time, spreading to other tokens is a right approach, the only reason they fail is because they don't know what coin to invest, and did not do any research , they just listen to hype and bought at the wrong time, this is where being resourceful came to play.

In any job, reason must play a role quite well, because a person will not be able to work and invest when his mind is absent or his mind is still not healthy. It is not a problem to put money in many baskets as long as we are able to look after it well and know that the basket is good, because in terms of investment you don't only have to look at which assets to choose, but you also have to see where is a good place to put money as investment capital.

Losses through investments can usually be triggered by a number of reasons and what often happens is when you put money into several baskets, where basically the quality of the baskets is not always the same. Apart from that, when someone is too persistent in choosing several assets or coins that he wants even though he already knows one of the best coins such as Bitcoin, he can also experience losses through other coins even though he can cover them through the profits he gets through Bitcoin.

[kamvreto]

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.

Well thats a good advice but I doubt that can be followed for some degen or those who used to investing on altcoins. We all knew how powerful bitcoin is and its the leader of the whole cryptomarket. Doing dca for bitcoin isnt bad but altcoins has a potential for a multiplier gains. Well last bull run it did occured on some and its really boosted the profits of every investors. Its just a matter of proper due diligence which project is gotta explode when the bull run happened once again.

Like memecoin which suddenly exploded and gave many advantages to those who entered at the beginning of the project. and even entered the Binance market, making it even more hype. Many altcoins are actually good and will provide multiple benefits when the bull run arrives. Just need to monitor and do DCA on Bitcoin or on Altcoins with good upside potential in the future.

[icalical]

I think you miss-used the term investment in here, Holding a Bitcoin is actually an investment. The better term might be, that newbie should avoid trying to make a quick profit, there is no cryptocurrency that will make anyone could be rich in overnight, if anything is too good to be true then it is to good to be true, it must be a scam. Looking for investment is fine, just do the research.

[Sim_card]

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

Yea, holding is had,but you need to have prepared yourself for it. This is why when you are buying,you have to put it in mind that you will invest in long term. If you have this in mind,you wouldn't bother if bitcoin price goes below the price that you bought. It is when you invest in such term and believe that you can make profit from it,that is when this thoughts and panics of loss will come in. Holding is just like you put a fixed deposit in the banks for a given period of time. With the help of the bank,you can't touch it,but in bitcoin case,you are your bank and need to have self control and focus on the long term rather than short term. This is why you should only use money that you can afford you can avoid to loss, so that you wouldn't bother about your investment. Patience is the key to holding and you should also know that Rome wasn't built in one day.

[Rockstarguy]

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, 

Most of people who fall victims of bad investment thinks bitcoin takes much time to make profit from it, so they get to fall in love in investing in some other project thinking it will give them the profit they desire. I think some people fall into this trap just because of greed to make money  so fast. Bitcoin is the best investment to go for, all one  just need to do is to hodl,  their is no stress in  doing  this . The profit on hodling is better, than loosing all the money bad investment all in the name of making profit.

[Dr.Bitcoin_Strange]

Yeah, you are right about that. Some unexperienced Bitcoin investors have lost their assets in the past because of false promises of multiplaying their coin or some bullshit high APY, and some investors who were so eager to make profit would just agree to the scammers terms, resulting in the loss of their assets. Some investors who were also peacefully holding their coins in their wallets have been convinced to start trading because they feel it's a very profitable business, but they tried it out of their accounts and lost other assets. I think that the best Bitcoin investment that doesn't put you through any emotional stress is just buying your coin and holding it in your wallet. Some traders are always faced with some kind of emotional problem after encountering a huge loss on their trade. Those who invest their bitcoin in centralized platforms that end up being scamed also have some emotional problems.

[LogitechMouse]

~
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.

I'm looking for another investment because Bitcoin isn't the only asset out there where we need to invest our money. Why pinpoint people who are looking for another opportunities?
I look for another opportunity because I believe I can gain still with other assets. The problem isn't with with looking with other investment, but the ignorance of the investors.

You said that investors are getting scammed because they are looking for an investment? Investors are getting scammed because they're ignorant, they have 0 knowledge. It isn't the "looking for opportunities" that's the problem here, but the ignorance is. This is why we have a thing called "diversification". Bitcoin isn't the only asset out there take note of that. There's many assets where we can invest our money with. DCA approach is good no doubt to that because I've been doing that as well. I just don't like the fact that you're saying that investors are getting scammed because they're looking for another opportunity well in fact, we can just focus on Bitcoin, and just hodl it.

"stop looking for investment that are centralized." I don't know if you're only pertaining to cryptocurrency on this one, but if you're talking about all the other assets, I beg to disagree with this one. How about the Stock Market? So you're saying that we're avoiding it because it's centralized? If you're only talking to crypto then maybe that's applicable.