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Author Topic: What triggers the zeal to invest?  (Read 414 times)
shepherd_gee (OP)
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January 06, 2024, 06:20:06 AM
 #1

I believe it takes a million risk to invest in Bitcoin, still people are left with more than a million reason to take the risk. A lot of us especially the newbies are still skeptical  investing, each with enough reason to invest and not to invest respectively. The core question here is; what triggers you to invest?...for myself, I haven't figured out any tangible reason why I should invest, solely because I'm yet to understand the nooks and crannies of the market fully. However, I'm working hard studying extensively to understand the market. I feel this great joy when one post his first time buying Bitcoin, I get this great zeal to buckle up and nurture the feeling of investing too, believing that one day, that which triggers the feeling to invest will come to manifestation. I envy every first timer Bitcoin buyer, cos I'm looking forward to being like them in no distance time.
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January 06, 2024, 06:27:05 AM
 #2

I think that early investors were almost purely for the idea. I'm investing in BTC because I'm sure that it will get to the $100K and even higher. I've been buying it at below $20,000 last year and now it's at $40,000+. Not a lot of assets are capable of that.
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January 06, 2024, 06:37:35 AM
 #3

I think that early investors were almost purely for the idea. I'm investing in BTC because I'm sure that it will get to the $100K and even higher. I've been buying it at below $20,000 last year and now it's at $40,000+. Not a lot of assets are capable of that.
well done.

well zeal to invest is to make money right. i keep second guessing myself thinking bitcoin will fall a bit more and then end up losing a good investment opportunity. i second guessed myself at 20000 - should have bought it
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January 06, 2024, 06:41:09 AM
 #4

I believe it takes a million risk to invest in Bitcoin, still people are left with more than a million reason to take the risk. A lot of us especially the newbies are still skeptical  investing, each with enough reason to invest and not to invest respectively. The core question here is; what triggers you to invest?...for myself, I haven't figured out any tangible reason why I should invest, solely because I'm yet to understand the nooks and crannies of the market fully. However, I'm working hard studying extensively to understand the market. I feel this great joy when one post his first time buying Bitcoin, I get this great zeal to buckle up and nurture the feeling of investing too, believing that one day, that which triggers the feeling to invest will come to manifestation. I envy every first timer Bitcoin buyer, cos I'm looking forward to being like them in no distance time.
Bitcoin is not as risky as you are meant to believe. All you need is to have proper mindset, such that is required to profit from other conventional investments like real estate, gold, stock and others. If you give Bitcoin the same amount of time and peace you would give these other investment portfolios, Bitcoin will not fail you. But you will start having problems with Bitcoin the moment you treat it like a get-rich-quick investment, this is where problems begins for a lot of people especially the newbies.

No one has gotten burnt buying Bitcoin and holding it for 4 years to 5 years. Those that lost money to Bitcoin as usually those that buy today and expect the price to skyrocket within few days or few weeks. This is not fair to Bitcoin and makes it look like gambling and not investment.

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batang_bitcoin
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January 06, 2024, 07:53:14 AM
 #5

Just have this mindset that if you're not going to do anything, then there's nothing that's going to lose on your end but you also have nothing to gain.
So, if you're okay with that situation then you can stay being stagnant without any growth and without having the need to take any risk just as investing Bitcoin.
What's good in investing with Bitcoin is that this is a proven asset that if you stay for long term, you'll definitely going to make money by just being patient.



 

 

 

 

 

 


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January 06, 2024, 08:06:18 AM
 #6

Nobody should ever "invest" in Bitcoin because Bitcoin is not an investment, nor is it a way to get rich or make profit.

Bitcoin is the only existing decentralized and censorship resistance form of money. Instead of thinking about making more of your inflating fiat without cap that keeps being printed billions and trillions at a time, try thinking about using the only money that has a cap and will never be printed more than 21 million BTC. Wink

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January 06, 2024, 08:17:49 AM
 #7

Each person has different reasons for deciding to invest, but most people choose to invest of course to be able to achieve what they want and it is also very important for each person to invest because by investing it will certainly make it easier for them to achieve freedom. financially.
If you haven't decided to invest because you don't understand market conditions well, it is very important for you to study well first so that you don't make mistakes in investing that will cause you to lose the money you have.
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January 06, 2024, 08:25:18 AM
 #8

The core question here is; what triggers you to invest?...for myself, I haven't figured out any tangible reason why I should invest, solely because I'm yet to understand the nooks and crannies of the market fully.
It is not hard to understand. Read about bitcoin halving, how people use to buy bitcoin more after halving. It may not be immediately after halving, it can be some months after. This is the reason to invest in bitcoin now, because halving will occur in 3 months time, likely in April. Bitcoin is an asset that it's value is increasing as its price is increasing.

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January 06, 2024, 08:29:11 AM
 #9

I have an example of describing you know if you drive, so do you drive or not?

Simply that if you know how to invest and do you invest or not?

If you know about bitcoin and do you invest with it or not?

Actually in this space I can feel the many nuances that it exists, doubt and belief are simply whether people know about it or not. I also went through periods of being really skeptical and quite negative about bitcoin, but when I saw people who could make money from it, my curiosity pushed me to research this field don't want to depend on anyone. Everyone's journey will be different, but true to what I and many others feel, the truth is that bitcoin is here and we come to it, our manifestation will bring answers to the investment have achieved the desired goal.









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January 06, 2024, 08:40:41 AM
 #10

I think that early investors were almost purely for the idea. I'm investing in BTC because I'm sure that it will get to the $100K and even higher. I've been buying it at below $20,000 last year and now it's at $40,000+. Not a lot of assets are capable of that.

Definitely Bitcoins are way more valuable than that what it is now. You need to just show trust in the coin and regularly invest in it. Bitcoins have grown massively since its launch and many have witnessed that. You did well mate by buying the coin before 20k usd price. Now the coin will go more up. So if you again buy the coin at this price, then still you can make good amount of profit. Just don’t greed for more and invest in limit.

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January 06, 2024, 08:44:39 AM
 #11

I believe it takes a million risk to invest in Bitcoin, still people are left with more than a million reason to take the risk. A lot of us especially the newbies are still skeptical  investing, each with enough reason to invest and not to invest respectively. The core question here is; what triggers you to invest?...for myself, I haven't figured out any tangible reason why I should invest, solely because I'm yet to understand the nooks and crannies of the market fully. However, I'm working hard studying extensively to understand the market. I feel this great joy when one post his first time buying Bitcoin, I get this great zeal to buckle up and nurture the feeling of investing too, believing that one day, that which triggers the feeling to invest will come to manifestation. I envy every first timer Bitcoin buyer, cos I'm looking forward to being like them in no distance time.
Your approach towards investing in Bitcoin is right. You have decided to learn about Bitcoin before Investing. Many people who are in the Bitcoin space want to make a profit from buying, holding and selling in the future. That's not a bad decision as much as you are not seeing the sector as a get-rich-quick scheme. Many people have the wrong Investment mentality because they think the sector is a Ponzi scheme that gives them instant and big profits. Just like stock, real estate and other investments, you can buy Bitcoin and wait till the price appreciates. Many people have attained financial freedom because they bought Bitcoin in its early stage.

Other investors trade on Bitcoin. These investors don't need to wait for a long time to gain from it. They monitor the market and sell at a given price collecting their profits. Others also use Bitcoin mainly as a currency because it helps them to invade certain restrictions placed on fiat. Bitcoin gives businessmen unlimited access to their funds, unlike banks that have a limited volume of transactions. So these businesses use Bitcoin to pay for goods and services both locally and internationally.

I agree that Bitcoin is still at its early stage, thus there is still a great opportunity to invest in it and make good profits in the future. Therefore nobody should assume he is late because there are still millions of people that have not picked interest in the sector.

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January 06, 2024, 08:55:53 AM
 #12

There are many reasons why someone will invest in bitcoin, and I'm sure we almost know what those reasons are. Out of all the topics here in the forum, I'm sure this kind of topic or opinion has already been discussed and has given answers, but for the sake of the question. What triggers me to invest in bitcoin or crypto currency? Simple, because I want to earn money, I want to have a lot of money so I can afford the things that I want to buy or own, and as I see that crypto currency and bitcoin have a lot of potential and have become more popular with many people, that's why I also got curious and decided to explore this technology. We all have different reasons why we take the risk of investing. Even though we know the dangers and risks of this field, the urge to have money or to earn money lets us take the risk and decide to invest.

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January 06, 2024, 09:00:52 AM
 #13

OP, your communication style is quite interesting, but your posts suggest that you are already quite informed about the value of Bitcoin, its volatility, and all the pros and cons. Why is there any doubt about investing a certain amount and being an eyewitness, a practitioner, and not an observer? I think it's nice to be on the same page with those who believe in Bitcoin and one day get some increase in their wallet, rather than remain in doubt and regret the missed time.
Yes, there are incidents when people lose, but mostly this happens due to inattention. If you are aiming for a long-term period and know all the aspects of storage, you should not be afraid; on the contrary, you should keep up with the times.

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January 06, 2024, 09:28:56 AM
 #14

I believe it takes a million risk to invest in Bitcoin, still people are left with more than a million reason to take the risk.
Risks have always been an integral part of human life. In financial life as well.

The core question here is; what triggers you to invest?...
There are only 2 biggest problems in the world of finance:
1 - how to earn money;
2 - how to save what you earn.

Investing in bitcoin can help solve both of these problems - you can both earn and save what you earn. Depending on personal preferences, each BTC-investor pursues one or another goal (or even both at once). Still, bitcoin is an amazing financial instrument.

I get this great zeal to buckle up and nurture the feeling of investing too, believing that one day, that which triggers the feeling to invest will come to manifestation. I envy every first timer Bitcoin buyer, cos I'm looking forward to being like them in no distance time.
There is no need to wait, but to act. Become like them.

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January 06, 2024, 09:41:56 AM
 #15

Investment is always somewhat risky, but I actually think that investing in Bitcoin isn't that risky. Bitcoin has been growing over time, so it's pretty safe to just wait out the bear markets. Moreover, Bitcoin has high liquidity, so unlike with some other investments (real estate, for example), you don't need to worry about being unable to sell fast when the time is right. Apart from that, Bitcoin is something that doesn't need a third party, you can make an investment yourself and be independent of everyone else in that regard.
So, to me, Bitcoin just isn't that risky, which makes it an attractive investment or at least a savings account.

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January 06, 2024, 09:44:40 AM
 #16

I think that early investors were almost purely for the idea. I'm investing in BTC because I'm sure that it will get to the $100K and even higher. I've been buying it at below $20,000 last year and now it's at $40,000+. Not a lot of assets are capable of that.

What triggers you to invest is just solely to make a lot of income from your bitcoin investment. People might have different opinion as to why they are investing that is different from yours but what matter the most to me is that; with my investment in bitcoin, I won’t be affected by inflation and the worth of my BTC will still be what it is even after being hit by volatility in the market.

Nobody should ever "invest" in Bitcoin because Bitcoin is not an investment, nor is it a way to get rich or make profit.

Sadly enough, the big number of adoption that have been received by bitcoin is because of the mindset of investment that they have about it. It has moved from its main purpose of creation to another alternate source of investment that can make them rich overtime.

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January 06, 2024, 10:23:08 AM
 #17

I think that early investors were almost purely for the idea. I'm investing in BTC because I'm sure that it will get to the $100K and even higher. I've been buying it at below $20,000 last year and now it's at $40,000+. Not a lot of assets are capable of that.

It's a profit now if you bought bitcoin below 20k. What is your target price to sell the bitcoin you hold now? Are your accumulated bitcoin holdings at least 0.1 btc? I was just curious, so I asked.

As long as you always remember that every investment we make here in bitcoin or cryptocurrency always comes with a risk, dude, and you must be aware and prepared for these situations. It's just that it's not my priority to hold Bitcoin in the long term, although I also believe in it. It's just that I can't accumulate a large value of it either, so I thought of another alternative to do DCA.

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January 06, 2024, 10:28:59 AM
 #18

What sparks the investment fire? I get you; The dive is exciting but flipping is terrifying. Its a classic case of risk vs. reward.

Then why do I put money into Bitcoin? Being revolutionary is important to me. Its like being at the forefront of the internet explosion, but for future monetary. Bitcoin is more to me than just money; its a new way to think about freedom and money. The market is more volatile than a rollercoaster, but thats the fun.

Just so you know, Im not telling you to put all of your money into Bitcoin. Try it small, dip your toes. Its hard to understand the market, but isnt everything? Its part of the journey to learn and understand more. Remember, every Bitcoin investor started where you are. So, have a party when you make your first buy. You have become part of a group of pioneers. You never know, you might even encourage someone else to take the leap.

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January 06, 2024, 10:38:27 AM
 #19

You don't need any zeal to start investment what you need to start is decision, if you have taken the decision to make investment having known the importance of what you are venturing into you wouldn't wait for anyone's result to triggers you before going into investment. There are people today who are reaping their investment because they weren't waiting for someone to convinced them before they could start investment, as then they were investing blindly thinking they don't know what they were doing but today it turns out that they are the major holders while some people sold when bitcoin hit highest ATH and they made their profits. Waiting till you get all education about bitcoin will also keep you on a suspense till understands it thoroughly but if you invest now before you could gain those know you will see that you have made the best decision for yourselves while the price keeps going higher.

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January 06, 2024, 10:40:50 AM
 #20

I have invested because first of all i do not know where else better to put the money i have saved

If i keep the money i have saved with me, i know that in no time i will be able to spend it all meanwhile if i put the money in the bank it will not really do me a favor because it will not help me gain profit

If i just keep on saving it it is not gonna gain any more value and most likely it will even hold less value in the future

Second one, i trust bitcoin that it will increase in price more in the future which i know will definitely help me in the future financially speaking and would help me achieve the dreams that i hope to reach i know that there are a lot of risks but i know that the benefits outweigh the risks so i choose to invest

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