Newbie Don't be afraid of buying Bitcoin

[Kara3]

The purchasing power of 1Us dollar vs 1Bitcoin clearly shows that one is going to zero, while the other is not.

When we compare Bitcoin with the best, most used fiat and most reliable currency in the world, the Us dollar it clear show that Bitcoin is on a different level to the Us dollar.
Let me show you why wealthy men like changpeng Zhao(cz), Brian Armstrong, Jed mc Caleb etc can hold billions in Bitcoin without being afraid.
 
If you are afraid that Bitcoin would go to 10k,ask yourself why they hold billions in Bitcoin.
Don't you think that they had more insight than you will ever have?
Why do you think Nasdaq crashed 1.8% 2days ago  and Bitcoin holding 27k line? Buyers still buy no matter what, that shows confidence in Bitcoin, and remember retail got no money right now.
Inflation is too high, retail salary vanished day it arrives, it not retail that buy Bitcoin now,
you wouldn't like to hear this, but the one buying assets now are the wealthy, they will likely continue the trend of the rich getting richer

[_act_]

This is a good topic. If not because of business that you have fiat, holding it is stupidity. If you buy asset, your wealth will grow. Bitcoin is an asset, people buying it makes their wealth to grow as bitcoin has shown since it was created till now.

Let me show you why wealthy men like changpeng Zhao(cz), Brian Armstrong, Jed mc Caleb etc can hold billions in Bitcoin without being afraid.

I think we can mention Microstrategy also.

[mvdheuvel1983]

Let me show you why wealthy men like changpeng Zhao(cz), Brian Armstrong, Jed mc Caleb etc can hold billions in Bitcoin without being afraid.
 

These mean you have mentioned are already wealthy. They are dollar wealthy and Bitcoin wealthy. If I were the one with such amount of wealth. I wouldn't mind buying some more Bitcoins every other day. If Newbies only have more monies that they cannot afford lose, they won't be afraid of invest it.

[Onyeeze]

Buying of bitcoin is mind and the person that does not have fear or shake during the time bitcoin is decreasing as a Newbie is someone who knows about bitcoin, some newbies why they are afraid of buying bitcoin and when they buy bitcoin the price of bitcoin they buy began to fall they will be regretting, it is because they have not know bitcoin and sometimes you should not blame them because bitcoin price will fall and rise and put fear to them because they have not experienced falling and rising of bitcoin price before, even till now some people I know very well don't like to invest in bitcoin when the price is falling

[Accardo]

It's wrong to hold bitcoin because CZ does. The fact they're big doesn't make them smart. Nobody knows what the outcome of bitcoin price would become tomorrow. So, if a person wants to hold bitcoin, they should do that for a personal reason. Not because others do it. These people you mentioned, can wake up and sell their bitcoin. Do you expect those who hold btc because of them to sell too? that's what it'll be. Bitcoin will suffer more loss, if that happens. Bitcoin is a choice. Its risk is not generalized, the effect is different for individual investors. Some doesn't fear price drop, while many others do. Investing huge amount of dollars into bitcoin gives steady profits if the price moves. That's why these guys hold bitcoin. Even if the price adds by $1k their profit will be huge. When it falls they buy more to hit more profits sooner. The rich are into business, they get richer because of their acumen. Bitcoin has become a game for the rich traders and investors. Who may, for now, not have any reason to sell their coins. Just like someone pointed this out, without having extra income hodling bitcoin is like mocking yourself. It's true they're people's mentor and their bitcoin moves influence others to hold. But, personally, I don't have to wait for CZ before I sell my coin. Our lives are different. If selling their bitcoin would save their company from falling, wouldn't they do it? What matters most for A may not for B. They're people who don't hold a single bitcoin, but they are richer than all the names you mentioned. Because bitcoin is not what matters in their life. It could be crude oil that does matter to them or other investments. A person can sell their bitcoin and invest into other business and hit big profits, which can buy them more bitcoins than they had. It's all about planning and maintenance of wealth. Also, remember, hodling bitcoin is like saving volatile money. The hodl thing keeps popping up because we all hope for the best. And bitcoin has proven countless times, that it's highly volatile. It doesn't fail in terms of volatility. So, if a person doesn't have enough to take care of himself. It's wrong to hold bitcoin due to CZ and others are holding it. They can use their bitcoin to settle financial problems. Bitcoin was also created to do that. Not just save.

[sheenshane]

Let me show you why wealthy men like changpeng Zhao(cz), Brian Armstrong, Jed mc Caleb etc can hold billions in Bitcoin without being afraid.

Take note they're wealthy men.
So invest what you can afford.

If you have an amount that you can afford to wait to make a profit why not you were afraid?
People who understand the Bitcoin concept will surely not hesitate to invest in Bitcoin since they know how much potential it has and people you mentioned above they know it.

[Pingrapole]

I say as a newbie if I had a lot of money I would have bought Bitcoin because I know there is less chance of loss it is a permanent investment and permanent investment does not have loss I see that they are all in a very good position now, and I also dream of creating life through dreams among them.Comparing bitcoin to dollar is not because bitcoin is one kind of process dollar is different process you are saying that now the rich will continue to advance because those who have invested are not afraid and will continue to do so.Those who are rich in dollars will be rich in front of two cases. It is normal because the newcomers are a little afraid of whether there are new hadith, but I think that the current market system Or the stability of Bitcoin. It seems that we should buy the currency with whatever we have. In the future, I will certainly buy and hold according to my ability. Those who do not buy now will lag behind They will ask why I didn't buy it. Experienced people who are buying it will bring benefits in the future.You are right that people who are buying wealth now will be rich in the future.

[Don Pedro Dinero]

This is a good tooic.

I don't think so because it is generic information that is of little use and can even lead to confusion. I hope no one takes it literally. Let's see.

The purchasing power of 1Us dollar vs 1Bitcoin clearly shows that one is going to zero, while the other is not.

Agreed. But it will be many years before the dollar reaches 0, if it ever does.

Let me show you why wealthy men like changpeng Zhao(cz), Brian Armstrong, Jed mc Caleb etc can hold billions in Bitcoin without being afraid.
If you are afraid that Bitcoin would go to 10k,ask yourself why they hold billions in Bitcoin.

These people have more than enough of their basic needs covered and can afford a very high level of consumption, investing the rest. Their case is very different from the beginner approaching this section.

Why do you think Nasdaq crashed 1.8% 2days ago  and Bitcoin holding 27k line? Buyers still buy no matter what, that shows confidence in Bitcoin, and remember retail got no money right now.

That is nonsense. There are also plenty of times when the stock market goes up and bitcoin goes down. Short-term volatility tells us nothing.

Inflation is too high, retail salary vanished day it arrives, it not retail that buy Bitcoin now,
you wouldn't like to hear this, but the one buying assets now are the wealthy, they will likely continue the trend of the rich getting richer

This is generally true, but for a newbie starting out, if they have few resources, they should first try to increase their income, then have savings in fiat and from there they can start buying bitcoin. It is a typical mistake for a newbie who has nothing, who with a lot of effort can buy $50 a month, and then has to sell because he has nothing else and may be forced to do so when the price has fallen.

[Darker45]

Never mind CZ, Brian Armstrong, and other crypto businessmen, they're expected to have Bitcoin because they're right in the center of the game. But there's this argument I've stumbled upon quite a long time ago that since even the traditional financial giants, or gurus if you may, like Ray Dalio, Paul Tudor Jones, Larry Fink, George Soros, and others have seen some potentials in Bitcoin, there must be something in Bitcoin. If even these brilliant financial institutions see something in Bitcoin, why can't you? If even they are convinced of Bitcoin in one way or another, why aren't you? Are you wiser than them?

There must be some truth in it, but it must be a lot better if you're convinced of the soundness of Bitcoin yourself, and that you're getting into it not because these old men are into it but because you've seen for yourself that Bitcoin indeed has a future. These individuals aren't infallible. You also need to consider that these rich people have some millions to spare in whatever they think has certain potentials. They have the luxury to take risks or perhaps even some trial and error.

[BlackBoss_]

The purchasing power of 1Us dollar vs 1Bitcoin clearly shows that one is going to zero, while the other is not.

Two charts to support your discussion
Satoshi per dollar
Bitcoin vs Fiat currencies

Inflation is too high, retail salary vanished day it arrives, it not retail that buy Bitcoin now,
you wouldn't like to hear this, but the one buying assets now are the wealthy, they will likely continue the trend of the rich getting richer

The purchasing power of fiat currencies including the US. dollar decrease with time while the purchasing power of Bitcoin increases with time, it's fact.

However, if saying investing in Bitcoin will help everyone get rich, it's kind of forgetting about risk. Bitcoin is still a risky investment asset and invest in it mean take risk. I believe in Bitcoin but I don't think there is no risk for Bitcoin investment.

[Mayor of ogba]

Let me show you why wealthy men like Changpeng Zhao(cz), Brian Armstrong, Jed mc Caleb, etc can hold billions in Bitcoin without being afraid.

These men you mentioned above invested in Bitcoin because they are wealthy and can do without the Bitcoin investment to survive,  and they also have a clear understanding of how Bitcoin works and they know that their money can never go to zero if they invest in Bitcoin. Some rich men don't invest in Bitcoin because they have no idea how Bitcoin works but they make their investments elsewhere and still make money. If newbies should buy Bitcoin because rich men like CZ are buying it they we be forced to sell their Bitcoin when they are in need to solve their problems. Newbies should invest in Bitcoin when they understand the fundamentals of Bitcoin and have other means of survival so that they will not sell their Bitcoin when there is a price drop or when they need money.

[Hatchy]

Some how, when you look up these guys net worth, you see that just one of their asset is worth billions of dollar. They can afford to buy what ever they want, and sometime don't even have record of some of their assets. For such persons, a little shift or bear in the price of Bitcoin won't even glitch their net worth so they have nothing to be scared of. For us, who aren't  the rich guys but are trying to hold the line. the best way to invest in Bitcoin without being scared, is to have a reliable source of income. With this you can afford to buy Bitcoin annually using the DCA or what ever amount you choose to buy, depending on the money available at hand.

Don't you think that they had more insight than you will ever have?

No I don't think they have much insight.  these guys sometime knows nothing about Bitcoin, they only have the privilege to hodl more of it because they are stinky rich. It can also boost their social influence, because a lot of people probably loves hearing their names mentioned amongst tops men in the world owning a particular asset. I have heard a lot of stories of how these guys lost their funds to scammers and that's obviously because they lack the fundamental principles of storing Bitcoin or other cryptocurrency they just buy them for fame.

you wouldn't like to hear this, but the one buying assets now are the wealthy, they will likely continue the trend of the rich getting richer

Yes but not totally true. There are others who accumulate Bitcoin annually, but aren't stinky rich. The trend will probably continue because we only hear of these rich guys on social media, bragging about how much they hold of a particular asset. For other low key guys who still buys, you won't probably hear their stories on social because they know the risk involved with exposing your identity when hodling such valuable assetBTC

[michellee]

Beginners will usually consider many things before they start buying Bitcoin. If they hear more negative news about Bitcoin, they will not buy Bitcoin and will pass it by.

But if they can get the right information about Bitcoin's future, they will immediately buy Bitcoin. They will start buying Bitcoin regularly and keep the Bitcoin until the target selling price is reached. So it depends on how a beginner can understand Bitcoin and see the future of Bitcoin from Bitcoin's journey.

And to start investing in Bitcoin, they only need to use the money they can afford. Don't buy Bitcoin just because other people invite you, but find out what you can get from Bitcoin so that you will be more enthusiastic about learning and knowing more about Bitcoin.

[noorman0]

-snip-
Let me show you why wealthy men like changpeng Zhao(cz), Brian Armstrong, Jed mc Caleb etc can hold billions in Bitcoin without being afraid.
 
If you are afraid that Bitcoin would go to 10k,ask yourself why they hold billions in Bitcoin.
Don't you think that they had more insight than you will ever have?

Is this an attempt to encourage beginners to invest compulsively?

They didn't get rich overnight, they built it for years with several risks that they had to experience. From that experience, they have much better evaluation and risk management. When another risk comes, they are ready with everything. However, you wouldn't expect that to happen to newbies who doesn't have anything yet.

There should be some fear in newbies, as it is expected that they will do in-depth research before getting involved.

[Zaguru12]

Buying of bitcoin is mind and the person that does not have fear or shake during the time bitcoin is decreasing as a Newbie is someone who knows about bitcoin, some newbies why they are afraid of buying bitcoin and when they buy bitcoin the price of bitcoin they buy began to fall they will be regretting, it is because they have not know bitcoin and sometimes you should not blame them because bitcoin price will fall and rise and put fear to them because they have not experienced falling and rising of bitcoin price before, even till now some people I know very well don't like to invest in bitcoin when the price is falling

Anybody that doesn’t have fear of a thing they invested definitely didn’t invested with their money, even if you invest with an amount that yes you can lose, you will still be too optimistic of gaining that even if the lose comes along you get a little bit fear especially if it is your first time in that situation. But one of the major causes of big fear that lead to loses the way you’ve put is when the newbies only have its goal set at just profits probably because of the narrative that brought them to bitcoin that you can be rich in it. And some go off their lane to invest an amount considered to be an higher portion in their saves and then causes the fear. But some with better orientation that bitcoin is volatile and definitely bond to go down wouldn’t be in panic or too surprised when it happens doesn’t.

Is this an attempt to encourage beginners to invest compulsively?

They didn't get rich overnight, they built it for years with several risks that they had to experience. From that experience, they have much better evaluation and risk management. When another risk comes, they are ready with everything. However, you wouldn't expect that to happen to newbies who doesn't have anything yet.

There should be some fear in newbies, as it is expected that they will do in-depth research before getting involved.

It is a retro attempt to encourage newbies to invest by OP.

Yes most of these wealthy individuals actual built a long term investment and today they are benefiting from it and base on what OP was trying to say, if these men who are supposed to be conscious of their wealth and have better risk management than some newbies decided to rally or accumulate bitcoin then there must be some sort of potential they see in it that newbies ought to also look at.

Although this people have lots of money that they can spare to invest in just any thing but believe when I say that they have better risk management and their growing portfolio of bitcoin holding should be a high moral imperative to newbies to start investing in bitcoin today but after they do there own fundamental analysis.

[Razmirraz]

Rich people like Changpeng Zhao(cz), Brian Armstrong, Jed Mc Caleb etc dare to store large amounts of Bitcoin because they already know Bitcoin more than other people think. Their knowledge of the uses of Bitcoin has placed them among several other individuals who hold large amounts of Bitcoin.
Logically, if these rich people dare to save large amounts of money in the form of Bitcoin, why are we still hesitant about holding Bitcoin? The risk is definitely there, especially since the price of Bitcoin is very volatile. But sufficient knowledge about Cryptocurrency investment will shape investors to be patient when under pressure.

[Pmalek]

Agreed. But it will be many years before the dollar reaches 0, if it ever does.

0 is too pessimistic of a prognosis. But the purchasing power of the USD today is 40-50% weaker than what it used to be 30 years ago. If we go back further into the past, we are probably looking at 80 or more percent. At the same time, bitcoin has appreciated tens of thousands of percent since it got listed. Maybe even more, I never looked this up.

These people have more than enough of their basic needs covered and can afford a very high level of consumption, investing the rest. Their case is very different from the beginner approaching this section.

Very true. But at the same time, no one needs to follow anyone in numbers. The $50 million they invest can be the $50 you invest if that's all you can afford or are willing to invest.

[AprilioMP]

When we compare Bitcoin with the best, most used fiat and most reliable currency in the world, the Us dollar it clear show that Bitcoin is on a different level to the Us dollar.
Let me show you why wealthy men like changpeng Zhao(cz), Brian Armstrong, Jed mc Caleb etc can hold billions in Bitcoin without being afraid.

Bitcoin is often traded with the US dollar pair and a number of other trades outside of crypto trading, the US dollar is also the most prominent pair so that currencies such as the US dollar are the best compared to other fiat currencies.

They (the rich people mentioned) are aware that bitcoin can be an investment asset that will not experience a decline in value.
They (rich people) are not afraid of losing billions in bitcoin because bitcoin has full custody — between him and bitcoin. Meanwhile, other assets such as fiat currency savings require the involvement of a third party.

[Learn Bitcoin]

Rich people like Changpeng Zhao(cz), Brian Armstrong, Jed Mc Caleb etc dare to store large amounts of Bitcoin because they already know Bitcoin more than other people think. Their knowledge of the uses of Bitcoin has placed them among several other individuals who hold large amounts of Bitcoin.
Logically, if these rich people dare to save large amounts of money in the form of Bitcoin, why are we still hesitant about holding Bitcoin? The risk is definitely there, especially since the price of Bitcoin is very volatile. But sufficient knowledge about Cryptocurrency investment will shape investors to be patient when under pressure.

However, they are already wealthy enough. No one invested more than they could afford to lose. Some of them take risks like CZ to build a business, and he is a successful man so far. I am not saying that you should be afraid of investing in Bitcoin, but no one should invest all their money into one thing hoping it will make them rich and the fiat money will be zero at some point. Fiat money is here to stay, and I do not see the US dollar becoming zero anytime soon. If there are no fiats, how will Bitcoin dominate other currencies? We need alt coins to dominate them.

[Forever101]

The most interesting part of bitcoins is it's value, though the market is volatile, however, it is practically impossible to loose all, if you miss the bull run today, it's obvious that you won't miss it next time when you keep your eye on the next bull run.
For every new investor, buying bitcoins is good but keep in mind that the market is volatile. The best moment to balance your emotion in terms of investing is the moment you see the value of your asset depreciating. This is a moment every new investor must expect before learning how to avoid it. The reason why I said that is very clear, without hitting hard side of investment at the starting point, one may loose control if they hit it when they invest much fund.  Investing and experiencing the bear market before experience the bull run help you have a good insight of bitcoins.

It is best to start with the money you can afford to loose to keep your mind at rest. If you are new with no experience, start gradually, no rush  and no greed for profit.