Newbie Don't be afraid of buying Bitcoin

[Renampun]

...
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

what you say here makes perfect sense but most poor people are more concerned about eating than investing in bitcoin haha, what I learned from the lifestyle of crypto billionaires is that they make a lot of money from the business they run, if CZ or Brian were just normal people, I doubt they will spend all their money to invest in Bitcoin, so I don't force everyone to put their money in Bitcoin, but they can set aside a portion of the income they get per month to invest in Bitcoin, of course using the DCA method.

[CryptoHeadlineNews]

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

Yes, that's true that Newbies shouldn't be afraid of buying Bitcoin despite whatever it is currently, because what the future holds for them is far more better than the present advantage which they may stand to benefit today. Hence, as an early adopter it is good to buy as much bitcoin as you for now, so as not to to regret in the near future when the price of Bitcoin starts to skyrocket higher after next year halving, and then wished you had both as much as possible for savings, instead of keeping it in the bank.

[Sebas.tian]

Rich people can never be afraid of taking risks as they are not afraid to lose their money as well, unlike those who are in the middle class or poor class.
As we can see, wealthy people mostly get into making business and investments because they have enough capital to start with.
These are the most common reasons why people are afraid to buy Bitcoin
 - lack of funds
 - lack of knowledge
 - hearing negative feedback/scam issues

It was hard to convince someone to get into buying when we were already influenced by negativity.

Wealthy people like to visit the market to purchase Bitcoin without considering the price at the moment, because they believe that there is no way they will purchase Bitcoin and hold the price will not increase in the future for them to achieve income from their investment. Now that the price of Bitcoin is still moving between $26,357 and $27,212 over some weeks that is making poor people not to come close to the market, but wealthy people are still using the opportunity to buy Bitcoin for future purpose. Lack of capital can make some people not to buy Bitcoin even though they wish to buy at this bearish season but the capital to make it reality is not there unless he or she do everything possible to secure a huge amount of capital.

[ancafe]

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.

I want to know what differences you mean, so there is a lot of material for us to discuss here. Fiat is clearly different from bitcoin both in form and in the degree to which it retains value. The levels of the two are indeed different, but perhaps you should mention more specifically so that it is more focused for our discussion.

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.

And there are also many other people who hold bitcoin without fear and that is because they are able to see good long-term potential in bitcoin. Apart from that, they also have greater opportunities because their financial level is very stable and they are far more affluent to invest in bitcoin. The level of investment they make is different from other people because they have become rich people in the world, investment must be based on the level of someone's ability to be responsible.

[Vaculin]

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.

This people you just mentioned are not just investing in Bitcoin because they have the money to invest,  these  are men that truly understand bitcoin and are very sure of what they can gain from bitcoin. Have seen people who can afford to buy bitcoin but they didn't last long in the market because they do not understand the market.

Investing in Bitcoin can work when their is understanding to know what the market is all about,  then invest accordingly to what you can afford to lose. Investing in Bitcoin is not about being rich but having Understanding , understanding keeps one calm knowing that their will be a time to make profit.

You’re right. People invest not only because they are capable to do it, but because they have faith in their investments, because they fully understand the risks and trust its high potentials. And it’s sad to say that most of them are those that have stable funds, and get even more financial security when they start reaping their profits. While those poor individuals who aim to get financial freedom in the future have chose to be hesitant when it comes investing in bitcoin, not because they lack funds, but because they don’t understand and trust bitcoin in its process.

[avp2306]

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

Yes, that's true that Newbies shouldn't be afraid of buying Bitcoin despite whatever it is currently, because what the future holds for them is far more better than the present advantage which they may stand to benefit today. Hence, as an early adopter it is good to buy as much bitcoin as you for now, so as not to to regret in the near future when the price of Bitcoin starts to skyrocket higher after next year halving, and then wished you had both as much as possible for savings

Maybe before taking decision first they should need to know the risk that possibly they might encounter so they would know if they can handle the pressure or not since if they are not ready yet then a proper decision can be made if those guys still willing to take the risk or for now a good research will be done on their side. But once they are done and do full analytics towards everything they know about bitcoin then its perfect time for them to buy some and participate to any possible good trades on each volatility happened.

Once they get more experience on each scenarios that they encounter for sure they became more better holder or a trader and it will convert to good profits which is totally beneficial to them. I can't say  that they might became a early adopter at this point if they avail some volumes but what's important scenario there is they participate on trading activities since this could improve their skills to get more better benefits especially if they are so eager to learn. Bitcoin price might skyrocket and to lucky for newbies to buy at current low since there's a high chance that they could potentially earn once bullish condition start to happen and it can give big hypes to people acquiring bitcoin at that moment.

[Rockstarguy]

Their is nothing to be afraid of buying bitcoin expecially when you know the right thing to do with bitcoin,  atleast buying bitcoin to invest and never depend in the profit that it will becoming shot time.  It is very healthy when people buy bitcoin and don't expect profits from it so soon. People who buy bitcoin to make profit from it so soon always end up regretting for the step they took. Newbies needs to know Bitcoin does not make one to be rich, with this mindset they  may end up investing all they have in bitcoin. Understanding how bitcoin is will make newbies invest without having fear, than investing in Bitcoin with a shallow Understanding and having too much expectation of profit from bitcoin.

[Finestream]

Rich people have the money to invest and keep investing in assets like Bitcoin or other assets that they please, while poor people are scared of investing because they are scared that their little money might slide off their hands or they are only concerned about their wellbeing and not about investing for the future. That's why rich people keep getting richer and why the poor are getting poorer; it only takes a determined poor person, low-class person, or middle-class person to be able to invest. Some of them, even if they want to invest, are rather looking for some quick way to make money, which can land them into investing their money in Ponzi schemes, and they end up still losing the money that they were scared of investing in Bitcoin. Bitcoin is not a bad investment, and it is better for newbies or every other skeptical person to realize it and begin to gradually accumulate Bitcoin.

Rich people can easily afford to lose their money on their investments that’s why reinvesting again is not an issue. But for poor people, once they lose their capital, it’s certainly a heartbreaking loss for them because aside that they mostly lack money, some are just even borrowing their capital just to invest. So I can’t blame these poor people if they tend to be scared investing in bitcoin again, not because they don’t understand bitcoin, but because their money is just limited and when they lose them, they have no money left anymore. That’s why most of them are even tempted to invest for quick profits until they end up seeing theirselves being scammed.

[Smartvirus]

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

Well from the much we’ve observed, Bitcoin seems to define a dip at every bear market and somehow, the dip is maintained through the next bear market and by that I mean; come the bullrun and yet another bear market, the dip isn’t broken.
Now, the dip is around $17k and I don’t see that being broken even in the next bear market but, still, this isn’t a yardstick for measurement neither is anyone billionaire having there billions in Bitcoin a yardstick or reason why you should too.

That was how a lot of users trooped in and quickly trooped out because of Musk.

I expect users to find their own genuine reason for believing and making Bitcoin investments. It’s solely your decision but, I can say Bitcoin is the safest coin out there.

[Orpichukwu]

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

If I could guess well, the one that's assumed to have the possibility of going to zero is the dollar, and the one that can never go back to zero is bitcoin. Well, I'm a lover of bitcoin, and I'm also an economist. Bitcoin has a good purchasing power, and that has been increasing over the years as it has been gaining value more often as its popularity and adoption continue to spread.
 
I believe the dollar will never be equal to zero based on my own beliefs; it's just a reality that I have conceived in my mind. This is because the dollar is a country's local currency, which means they use it for their daily exchange of goods and services; they are being paid to others as salaries, and the same currency is being used to make payments for things we need to satisfy our needs and wants, so providing that the dollar use will still continue even if there has been dedollarization, which will make many nations not to use it again, the value remained attached to it.

[lalabotax]

Honestly, at first glance these are words that are true. As long as it's Bitcoin, we don't need to worry about buying and then investing it for short term or long term. Because Bitcoin's value and capital cap are truly extraordinary. Confidence in this first crypto is very high and it will definitely have a good future in the next bullish era. So, believe me, Bitcoin will definitely always be worth it.

But on the other hand, that doesn't mean that we immediately feel that it's easy and trusting. Because, there are several other things that must be ensured when investing in Bitcoin, especially those related to the trust and security system in which we invest. Don't just buy from a platform that promises a large APY, but the platform is not reputable, and we could even lose our assets. That's why, buy a trusted platform so that we can buy more safely (although no one can guarantee 100% safety in the digital world).

[Adams0001]

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

Some newbies are not afraid of losing money because the person who introduced them to bitcoin investment advised them about the risks and that it was the best alternative, Some newbies are scared if they have no idea on investment, when the price of bitcoin is falling that is the right time to invest because the price will definitely rise again, if you want to make money you must risk because that is what I believe on if you didn't risk no reward for you, many people are scared to invest because of losing money and most risk your money if you want to be and bitcoin investors, you can't just be getting profit without losing it can be possible because one day you will lose but since bitcoin is volatile the price will increase and you will get your loses back if you leave your bitcoin investment for long term.

[Dr.Bitcoin_Strange]

But for poor people, once they lose their capital, it’s certainly a heartbreaking loss for them because aside that they mostly lack money, some are just even borrowing their capital just to invest. So I can’t blame these poor people if they tend to be scared investing in bitcoin again, not because they don’t understand bitcoin, but because their money is just limited and when they lose them,

Although you might be saying it based on your experience, I think it's very rare for a poor person to take out a loan just to carry on an investment. A poor gambler is very ready to take just a small loan in order to gamble, but the poor person will never take a loan to invest. The rich man can take a loan and invest in what they know will earn them more profit, although they have a better chance of repaying the loan because they have other sources of income. But the poor man will not want to risk the little one he manages to earn as a salary or any work they are doing. They will also not want to take a loan and risk it on an investment that they are not very certain about. I think it's a normal thing. It only takes a well-disciplined and educated person to be able to make some good financial decisions that can help them grow financially. There are a few people who are procrastinating investing in Bitcoin. Although these are not very rich people, they have little to invest. I feel the problem they have is that they are still sceptical about it, and that's the problem most poor people face; they are so sceptical and scared to invest.

[Distinctin]

There’s no point of bitcoin investing if you are afraid to buy bitcoin in the first place. Bitcoin is a secured and long term investment, so if you plan to accumulate more bitcoin, then buy bitcoin when the price is low or through DCA, but never resort into thinking that you should fear buying bitcoin because if it’s highly volatile price. Know that it’s volatility is the reason why these people get successful profits from bitcoin. If there’s no volatility, then expect that bitcoin price will never increase and surge high, instead it will only stay at its fixed and boring price.

[LogitechMouse]

~
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

I don't know, but reading this part give me a chilling effect. I mean some kind of a different feeling. Kind of weird TBH, but can I say then that I'm wealthy since I'm buying assets then?

In general, emotions are a hindrance towards your better decisions. Letting your emotion decide means trouble, and lost opportunities. You might see an opportunity to buy Bitcoin at below $20,000, but you choose not to because your afraid. Now you lost the opportunity to double your money in just a few months. Being afraid will not benefit you. Risking some of your money sometimes is good especially if you believe that it's a good investment. Bitcoin is a good long term investment, and many think it is. Risking a few dollars investing into it isn't a bad idea. Why letting your feat of losing money get you?

[KingsDen]

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.

If you have read or listen to CZ's documentary about his bitcoin journey, you will understand that CZ actually risked all more than he could afford to lose. I mean he defiled the rule of investing what you are able to lose. He was actually called so many names by friends and relatives when the market went against him but the market eventually went his way and he made millions of dollars through bitcoin. Today, many people see him as an opportunist instead of seeing him as a great risk taker.
If you want a different result, stop doing conventional things. Do things out of the box and if it goes wrong, be ready to accept the consequences.

[Learn Bitcoin]

If you have read or listen to CZ's documentary about his bitcoin journey, you will understand that CZ actually risked all more than he could afford to lose. I mean he defiled the rule of investing what you are able to lose. He was actually called so many names by friends and relatives when the market went against him but the market eventually went his way and he made millions of dollars through bitcoin. Today, many people see him as an opportunist instead of seeing him as a great risk taker.
If you want a different result, stop doing conventional things. Do things out of the box and if it goes wrong, be ready to accept the consequences.

These are exceptional things and the ratio of success is not high. Yes, I heard that CZ first heard about Bitcoin at a Poker table and then he decided to sell his house to invest in Bitcoin. Which is why his mom still calls him a stupid kid. CZ found Bitcoin in its early days and he has learned these things. He read the whole whitepaper a couple of times to understand how Bitcoin works before he invests. How many of us read the whole whitepaper of Bitcoin?

He has Bitcoin to invest, but what have we got now? Surely we don't want to invest in anything that we do not understand well. There won't be 2nd bitcoin. Bitcoin is still here to invest, but we are not in the beginning. We know it will grow in the long run. But no one should invest an amount that they cannot afford to lose.

[Outhue]

There will be fear when you don't understand what you are trying to invest your hard earned money on, these will be fear if you aren't ready to lose the money you are about to invest in Bitcoin, I don't blame those beginners who are in fear, they might understand what Bitcoin is but not in a good shape to invest in Bitcoin, Bitcoin is great but choose to invest while you can, some people are ready to take the risks while some aren't ready, this is normal.

If you are not ready do not force yourself, just because someone sold his car or house to buy Bitcoin doesn't mean you should do the same, measure the risk you can take before taking the step because there are still risks involved in Bitcoin investment.

I risked it all to get to where I am today, both money and time but I won't advise anyone to do the same unless you are prepared for the losses, first try to understand yourself, do not walk in others' shadows, get a job if you want to invest money in risky assets the easy way, think about how you will survive during this bear market and still be able to invest without hurting yourself.

[Marykeller]

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.

Investing in bitcoin is not about having afraid or not. I believe that each of us has a cause we are willing to risk our resources for. Not all wealthy men engage in the same activities, even if some wealthy men are doing them publicly. Some wealthy men who are not solely investing in Bitcoin may also take risks with their money in other ventures not in bitcoin. 

Despite how exciting the future may look toward bitcoin, some people cannot risk their fortune on volatile assets like bitcoin since they do not know what the future holds for them. People can only spend their entire budget on things in which they have complete faith, not on what they observe wealthy men doing.

[macson]

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

it is difficult to make the mindset of poor people and the mindset of rich people same, especially since poor people do not have good financial management knowledge, besides that rich people have privileges that poor people do not have, sometimes for someone to become rich, they need a privilege and not everyone is lucky to get that.  I was once in the zone of really having no money, at that time all that came to my mind was getting money to survive, luckily now my finances have improved, and I can slowly invest part of my profits in bitcoin, but regardless of that, investing in bitcoin will never harm you, in fact in the long term it is very profitable.