Don't look for investment, just hodle!

[boyptc]

However, many people can't afford to do that due to having limited capital that they can either use for trading or invest in Bitcoin and then wait for the market to generate profits for them, the choice lies within their knowledge and experience about the market and only they can know which of these they can do more effectively.

Yup.

That's what happens for many because sometimes some events are making our choices limited. But having that limited option also makes us wiser because we tend to see the other sides of it.

If we can't trade then better be an investor and just hold Bitcoin. We know what's the best strategy that can make us hold it better because it is effortless but you need money just as usual.

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[letteredhub]

However, many people can't afford to do that due to having limited capital that they can either use for trading or invest in Bitcoin and then wait for the market to generate profits for them, the choice lies within their knowledge and experience about the market and only they can know which of these they can do more effectively.

Yup.

That's what happens for many because sometimes some events are making our choices limited. But having that limited option also makes us wiser because we tend to see the other sides of it.

If we can't trade then better be an investor and just hold Bitcoin. We know what's the best strategy that can make us hold it better because it is effortless but you need money just as usual.

Sitting on the idea that bitcoin holding is effortless and less or without risk so therefore it's much preferable to just be a hodler instead of venturing into other risky investment is an idea that limits people's scope about the vast opportunities within the cryptocurrency spheres. Bitcoin as we know usually have a long bear market that can span between 2-3 years with just a few months of bullish market after a halving in every fourth year. An investor with a limited fund don't have to be waiting but divide part of the fund and take the risk and invest into other projects provided he can afford to take the risk, there's only two possibilities in that decision, either he makes success or fail. And if he fails he gained experience for another future investment trial again.

[Sanitough]

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.

That's how it should be to lessen the risk of losing our money. But this basic rule is hard to follow for many of us because often they're looking for quick profit that they can't achieve if they chose Bitcoin. Some newbies engage themselves in crypto not because they became aware of Bitcoin but because of the hype of a certain coin, believing it will go to the moon due to the effective promotion of influencers.

Well, it's wise to diversify but make sure that you have knowledge of what you're doing and not just guessing if the specific project will give you profit in the future. Investing and holding Bitcoin is ideal for people who are not in hurry to profit and can wait longer. Because it's less stressful if you just hold though it requires patience.

Hodling bitcoin might be less risky compared to investing in unreliable centralized projects but it takes a lot of patience and faith in bitcoin for you to be able to hold bitcoin for long term without struggling from panic selling whenever bitcoin price drops so deeply. That is why even if hodling sounded so easy, a lot of bitcoin investors still end up quitting and decide to sell their coins early because they can’t stand the price volatility in the market.

However, bitcoin hodling is still the safest crypto investment in the market and the rate to succeed is still very high. It may not give you the quick profits that you desire but the long term profits you will get from hodling bitcoin is still very satisfying because of its very high value.

[Mpamaegbu]

Just a friendly advice!

As succinct and valid as that advice is, not many will value it. Some of us were of that mindset in the past where we felt we could chase other coins in place of Bitcoin (owing to their cheap prices). But of course, we got the deserved repercussions later and learned our lessons from that. I hope the present inexperienced members here will pay ardent attention to this and do the needful by hodling and waiting patiently for the bull run against all odds.

[CryptopreneurBrainboss]

Hodling bitcoin might be less risky compared to investing in unreliable centralized projects but it takes a lot of patience and faith in bitcoin for you to be able to hold bitcoin for long term without struggling from panic selling whenever bitcoin price drops so deeply. That is why even if hodling sounded so easy, a lot of bitcoin investors still end up quitting and decide to sell their coins early because they can’t stand the price volatility in the market.

The reason for that is because they're investing more than their limit, one of the most spoken advice in the community is to not invest more than you can afford to lose but many investors invest more than they can lose and this makes Hodling difficult for them. If you're holding only your spare money in Bitcoin as it's advice then you can hodl for as long as you want because there won't be need to be scared of the market crashing and when the market crash, you won't be panicking because you know if you lose the money invested, it won't affect you much and you can hodl for the market to recover. As a hodler, you should already know the history of Bitcoin as to how the price has crashed and rise back up. This should be able to give you more courage to continue Hodling and not be tempted to sell your Bitcoin because the price is declining.

An investor with a limited fund don't have to be waiting but divide part of the fund and take the risk and invest into other projects provided he can afford to take the risk, there's only two possibilities in that decision, either he makes success or fail. And if he fails he gained experience for another future investment trial again.

Before alot of experience investors have come out to tell us that hodling is the best way to invest in Bitcoin, you should have known that they have tried other strategy before coming to this conclusion. There's a cycle that happens every bear to bull market, new investora comes into the market and think they know better than the old investors. Now you're thinking you have to try your luck in different tokens hoping you make profits from one, what you're doing is gambling and not investing. Why waste your time trying different options when you can invest in a guarantee positive outcome which is Bitcoin. Investing in Bitcoin shoudn't be your main source of income, you should have other things that gives you money for upkeep so you can comfortably invest in Bitcoin and have the patience to hodl. Diversifying into other altcoins is a gamble and that's not how to diversify as you don't invest in correlated assets when you're diversifying.

[YUriy1991]

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.

Firstly, as cryptocurrency is gradually being accepted as an asset class, more and more institutional money is entering this sector and holding long-term positions and one way to invest in this area is using a variety of patterns whether using a DCA approach or another.

Of course the most comfortable thing now is to Invest BTC and this is not a wrong investment, but as @CryptopreneurBrainboss said above "Investing in Bitcoin should not be your main source of income" and that is true.

[Outhue]

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 can guarantee you that there is money to be made in every risky corners of crypto investments, I have made a lot of mistakes but what I've gained after is what matters, and it's why I am standing unafraid where many people are scaring away from, so many people get burnt in investment but they don't learn, biggest mistake of all time.

I hold my Bitcoin and I still choose to risk money on other things, with the knowledge I have acquired in the past I am always taking profits when needed and buying more Bitcoin and Ethereum, in this bear market alone, over five altcoins have bring me more than a 10x and I took my profits, invest some back into Bitcoin and this have helped my Bitcoin bag to grow more higher in a short period of time compare to me making money every month and investing part of that into Bitcoin.

I know that not everyone can do this, because it's easier to lose money, but it is something that works for me, I just apply the knowledge I gained from losing money in the past, like having all money in profits but failing to take them out, and also not doing my own research on projects before investing money, that's because I used to rely on what others are saying about a project, like those crazy paid YouTubers.

[Fara Chan]

Firstly, as cryptocurrency is gradually being accepted as an asset class, more and more institutional money is entering this sector and holding long-term positions and one way to invest in this area is using a variety of patterns whether using a DCA approach or another.

Now it is very common to see currencies from various countries put into exchanges to be exchanged for Bitcoin, the purpose of which is for long-term investment. Now Bitcoin deserves to be called a valuable asset because there are many people who continue to want to look after it well after they buy it through the market and I think this will continue to happen to Bitcoin for a long time as long as Bitcoin continues to have good value in the eyes of many people.

Of course the most comfortable thing now is to Invest BTC and this is not a wrong investment, but as @CryptopreneurBrainboss said above "Investing in Bitcoin should not be your main source of income" and that is true.

This means that every investor who has invested in Bitcoin must have a source of income through other work so that the investment in Bitcoin that they have made is not disturbed and can continue to be maintained while increasing the amount by DCA. Because apart from being more comfortable for investors themselves, it can also help investors increase their portfolio for Bitcoin which will be able to provide financial freedom one day through the amount of profits they get.

[libert19]

An investor with a limited fund don't have to be waiting but divide part of the fund and take the risk and invest into other projects provided he can afford to take the risk, there's only two possibilities in that decision, either he makes success or fail. And if he fails he gained experience for another future investment trial again.

Before alot of experience investors have come out to tell us that hodling is the best way to invest in Bitcoin, you should have known that they have tried other strategy before coming to this conclusion. There's a cycle that happens every bear to bull market, new investora comes into the market and think they know better than the old investors. Now you're thinking you have to try your luck in different tokens hoping you make profits from one, what you're doing is gambling and not investing. Why waste your time trying different options when you can invest in a guarantee positive outcome which is Bitcoin. Investing in Bitcoin shoudn't be your main source of income, you should have other things that gives you money for upkeep so you can comfortably invest in Bitcoin and have the patience to hodl. Diversifying into other altcoins is a gamble and that's not how to diversify as you don't invest in correlated assets when you're diversifying.

But profits are significantly higher in alts, Bitcoin is already $35k when it reaches $70k you make mere 2x. However, when Bitcoin rises, alts also rise, but they give plenty profits.

You don't have to gamble on alts that are literal shitcoins. Go with prominent alts like atom, ether, solana, dot.

[Zigabel]

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 also a form of investment but tho a better form as compared to that which is done by sending your assets to some persons or a group of people to help you grow or double your assets. But then it's very important that even with HODLING you understand some basics which will help you a long way, one of which has to be the difference between Bitcoin/crypto wallets and exchanges. If you able to understand that concept, then always make sure to store your Assets in your wallet and not on exchanges so as to better safeguard your assets.

Some persons make the mistakes of buying their assets and keeping them on exchanges thinking it's a wallet safe enough, unknown to them these exchange are been targeted by some cyber hackers who could possibly break in to the exchange some day and gain access to your assets and may possibly make away with them all.