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Author Topic: What triggers the zeal to invest?  (Read 409 times)
Dimitri94
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January 06, 2024, 10:54:09 AM
 #21

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.
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.
Till today it would be difficult to find an instance where an investor has lost money after buying and holding Bitcoin for a long period of time. But some investors must have suffered losses who could not keep all their money invested in Bitcoin. Lots of investors have to sell their bitcoin when they need money for their expense. Those who have only invested money for a long time that they have no problem with spending money, have definitely been profitable. But those who hope to make profit from this short-term investment will definitely lose if the environment is not favorable.
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January 06, 2024, 10:56:47 AM
 #22

Why not make an investment if you are knowledgeable about bitcoin and the state of the market? OP, I believe it would be better if you just tried to determine whether you are able to manage it by making a tiny investment so that it won't break your wallet, rather than observing those who bought bitcoin and took the plunge without thinking twice. Since I continue to deal with numerous personal issues and a lot of challenges, I have not yet made an investment in bitcoin, but I do want to try. However, the time is not ideal for me to do so. I believe that my understanding of bitcoin is insufficient for me to invest in it at this time without learning a great deal about it. I sincerely hope you will exercise patience when beginning your bitcoin investment, unlike other people who can't wait to get rich quickly and then regret their decision. You are welcome to give it a try, and if you do, do keep us informed. Who knows? maybe it will inspire us to begin investing in bitcoin as well.

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January 06, 2024, 01:09:42 PM
Merited by fillippone (1)
 #23

Yes, investing in Bitcoin is certainly very risky, and people who want to invest in BTC must of course be prepared for the risk and their knowledge must be prioritized first and of course people who want to make a profit must be prepared for the risk because if we don't have the courage to take risks then we won't get anything. It is very natural for a beginner to be skeptical and of course most of us will have experienced skepticism when we were beginners, but if you have explored knowledge and insight about Bitcoin, you will definitely know the benefits of BTC and its shortcomings.

The reason I invested in BTC was because I saw a good future for BTC, and I thought it would be a shame if I didn't buy BTC, whose total supply is only 21,000,000. Basically, I was looking for profit because I'm sure everyone also bought BTC because they were looking for profit.

If you want to learn about BTC, of ​​course that's very good and before investing in BTC, it would be better to prioritize knowledge first. For people who are interested in investing in BTC, they will definitely want to immediately buy BTC when they see other people buying BTC. Yes, I hope you have to be patient first and I am sure that one day you will have the potential to invest in BTC and honestly, if you have the will to invest in BTC, of ​​course that is the right step. Yes, hopefully in the near future your dream will come true op.

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January 06, 2024, 02:34:21 PM
 #24

People may have their own reasons for using Bitcoin which are like to make returns when the price bumps and dumps and something like people who are tired of the centralized and highly censored method for using their hard earned money. And you may have your own reasons...

If you still uncertain about investing in Bitcoin then it's okay but keep in mind you may regret later for not buying at cheap price.









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January 06, 2024, 04:46:27 PM
 #25

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.

Exactly. The people who think Bitcoin is some really risky thing are the people who don't understand what it is.

Bitcoin is hard money, that's like the definition of low risk. The main risk with Bitcoin is if would simply fail as an experiment. Bitcoin just passed its 15th anniversary, it has been through multiple market cycles, its regarded as a major global financial asset and in fact is currently the 10th largest asset in the world not including national currencies and the 16th largest currency, its owned by tens of millions of people, it's be turned into legal tender in one country already, and is possibly on the brink of being brought into the US financial market in a major way. The risk that Bitcoin would fail is a rounding error from zero.

The only real question is does it succeed as simply a store of value and investment and savings account for the world, or will it graduate into being an actual common means of payment for the world in the decades to come. But either way, the price is going to be many times today's price, so the risk is very low as an investment.
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January 06, 2024, 04:50:26 PM
 #26

What triggers the zeal to invest?
Well I think the basic ones are ;
  • Profit or returns over time
  • Security
  • Flexibility

As for profit and returns , Bitcoin is a good asset in that aspect which is very obvious from it's progress overtime including bulls and halvings.

As for security, as long as you keys and seeds are intact and free from hacks, your Bitcoin investments are as safe as possible.

While most investments are rigid Bitcoin is not as you can decide to no longer be an investor and sell off all your coin without breaking a sweat. Except you are a whale🙂 and when did most whales quit their BTC investment?🤷

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January 06, 2024, 05:00:17 PM
 #27

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.
Really so others' thread of buying Bitcoin is your biggest motivation to invest in Bitcoin,  this is absolutely hilarious and I am sure we are going to be seeing one of those threads very soon announcing a new Bitcoin purchase, anyways let me tell you that,  majority of those who buy Bitcoin don't even write about it,  so for sure I also advise as you journey along in Bitcoin,  you should first concentrate on the knowledge because from what I can see right now,  it seems that you are overly taking Bitcoin to ve too risky than it is and that is not good for your long term goals in bitcoin.

As a newbie,  first build the knowledge a and from that knowledge you can then build your confidence,  it's a private affair and for that never allow anyone to pressure you on the amount of the bitcoin you buys.

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January 06, 2024, 05:49:32 PM
 #28

The core question here is; what triggers you to invest?...for myself, I haven't figured out any tangible reason why I should invest,
See my username, stepstowealth, the answer is obvious that I am interested in making wealth that is why I am interested in investing. What used to be the discouragement is that I did not have enough money to invest the normal way people do, which is investing big money to buy to things like gold and housing, but bitcoins gives the opportunity to buy in any amount and still have same feeling of hope as an investor in real estate that has purchased landed properties for the future.

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January 06, 2024, 06:48:55 PM
 #29

There's one popular saying that goes, 'no one hustles harder than someone who hates to beg for anything.'
This about summarizes the point I would try to make and that is, the zeal to invest might be triggered by poverty or the inability to afford some basic necessities.
When a great thinker realizes that the best way to grow wealth is to make reasonable investments without the help of anyone, they would strive to earn as much to help the dream of financial freedom fly.

Nothing triggers more than poverty or a family to feed or a dream to fulfil.

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January 06, 2024, 07:01:12 PM
 #30

I don't know how much of "investment" metaphor to get rich with bitcoin works, just buy some Satoshi, and you're in, it's not that complicated, then, just make it part of your daily life, that's enough in the first instance.

Comsequently, You don't even just have to be an investor with bitcoin, you can be a buyer, seller or hodler, you also just buy some things with bitcoin, it is a great means of payment, or just use it to protect a part of your savings, in that process, you can that you like the option of investing...

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January 06, 2024, 07:18:15 PM
 #31

I guess to top it all, it’s all about financial stability that highly motivates me to invest and never stop investing in bitcoin. I have studied bitcoin before and end up seeing huge potentials that if I take steps to invest, I will surely reap massive rewards in the future.  And of course, I have seen successful stories of those early investors, they’re also some of the reasons why I am more passionate to invest in bitcoin.

However, after I have known bitcoin deeply, I realized there’s more reasons why we have to invest in bitcoin rather than financial stability. The knowledge itself made me realize that it can be my own advantage when bitcoin is finally utilize as a currency more than a tool for investment.

R


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shepherd_gee (OP)
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January 07, 2024, 03:54:42 AM
 #32



If you still uncertain about investing in Bitcoin then it's okay but keep in mind you may regret later for not buying at cheap price.

I think there's no time that's bad to invest in btc. What matters the most is; are you prepared to withstand the rollercoasters that accompanies Bitcoin investment. No hurry in life and perhaps I ain't no desperate about anything. One of my greatest achievements in life is this "forum", all I have dreamt of is gradually coming to reality. Nonetheless, my investment zeal is as well been triggered gradually. As a btc vendor, you must practice patience.
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January 07, 2024, 04:13:16 AM
 #33

I think there is risk in investing not only in bitcoin but in all types of investment. Investments are made because an investor dreams big about his investment. If you want to start a super shop then you have to invest a lot of money in it and after investing you will have this tension in your head whether you will be successful with the amount of money you have invested or whether you will be able to pay your employees or how much profit you can have.

Accepting that there can be both profit and loss, investors invest. You can see the volatility of the market and we see this volatility constantly so because of this volatility we can gain money as well as we can lose money. Those who invest know the real reason for investing I am investing for something good and maybe your investment will get something good in future too. Since every investor expects to make a profit from his investment, he will only take the loss if he wants to make a profit. Profit and loss are both investments and you have to invest with this risk.

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January 07, 2024, 04:34:22 AM
 #34

No zeal needed, long as you understand and you like bitcoin and the utility it provides, you're doing just fine. I think those bitcoin zealot are probably the ones that we should avoid when we're invested in bitcoin because they're blind and they don't any spine to criticize something about bitcoin, one example right now is the ordinals, they're probably the worse right now because these bitcoin zealots are the ones that's propagating this stuff which is a problem for every one of us that's just trying to do our transactions.



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January 07, 2024, 07:59:18 AM
 #35



If you still uncertain about investing in Bitcoin then it's okay but keep in mind you may regret later for not buying at cheap price.

I think there's no time that's bad to invest in btc. What matters the most is; are you prepared to withstand the rollercoasters that accompanies Bitcoin investment. No hurry in life and perhaps I ain't no desperate about anything. One of my greatest achievements in life is this "forum", all I have dreamt of is gradually coming to reality. Nonetheless, my investment zeal is as well been triggered gradually. As a btc vendor, you must practice patience.

Patience and delaying are two different things, and in this case you are delaying your investment which means you will buy later and you need to accept that you had a chance to buy BTC at 40K but you waited until it reaches 150K and buy bitcoin doesn't look an easy thing to accept for an individual. Smiley









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"I could either watch it
happen or be a part of it"

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January 07, 2024, 11:59:16 AM
 #36

For majority of Bitcoin investors, they are triggered to invest by the historical price of Bitcoin and how it had made people Billionaires. They wish they invested earlier and can’t do anything but at least invest in good faith. For me, I understand that I can’t go back in time to change what happened by investing in Bitcoin earlier, but at least I can invest now because I still believe that Bitcoin still has heights to climb. Imagine when we can use Bitcoin for payments without worry much on transaction fees… many more ATH to come.



 

 

 

 

 

 


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.
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January 07, 2024, 12:17:12 PM
 #37

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.
The problem with people nowadays is that they’re expecting something to gain and get rich in the process but they are not brave enough to take some risks. And probably if they take some risks, they expect immediate profits but end up losing and eventually get frustrated. That’s the reason why only few succeed, yet majority are failing and losing.

However, the good thing about bitcoin is that once you take the risk, you’ll surely be in profits once you patiently invest in long term. As long as you don’t get bothered by price fluctuations and market crash, then you will certainly reap good amount of profits. That concept motivates me more to invest for long term. But to be honest, hodling isn’t really a smooth one. Your faith and patience will definitely be put into test.

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January 07, 2024, 12:21:28 PM
 #38

I think there's no time that's bad to invest in btc. What matters the most is; are you prepared to withstand the rollercoasters that accompanies Bitcoin investment. No hurry in life and perhaps I ain't no desperate about anything. One of my greatest achievements in life is this "forum", all I have dreamt of is gradually coming to reality. Nonetheless, my investment zeal is as well been triggered gradually. As a btc vendor, you must practice patience.

Practicing patience actually has to happen from an early age or before everyone is familiar with investing, because when everyone is familiar with investing. Patience is the final key that every investor must use when they have carried out their investment with sufficient enthusiasm, meaning that when investing they must have a patient and relaxed attitude in dealing with all their affairs independently. This forum already contains more knowledge, so it's not wrong if you continue to be here while investing because in my opinion it will also be more appropriate for you and everyone to explore new knowledge that is conveyed by many people from time to time.

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January 07, 2024, 12:38:54 PM
 #39

There are many things that trigger people to take the risk to invest in Bitcoin, and there is no way you will test the Bitcoin investment and you will not like to invest more to continue benefiting from Bitcoin investment. One thing that really trigger me to take the risk to invest huge amount of money on Bitcoin, because is very easy to carry out international transaction to any country of your choice and it will be successful for your goods or services to be deliver. Your money is very safe on Bitcoin investment, if only you can keep your personal details away from people around you because once they discover your details, they will have access to your Bitcoin in your wallet.

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January 07, 2024, 02:47:16 PM
 #40

I think positive news is the likely trigger for someone's zeal to invest, I mean the definition of zeal is close to blind worship or obedience right which means that when there's something good that's happening to bitcoin, the zeal or the hype behind bitcoin investment increases because a lot of people are positive about the possibility that it's going to eventually increase and make them get their money back because they've invested now and they're expecting the price to go up in the future. Another trigger that I think can happen is when someone wants to be financially stable and that they want to explore things that has a potential to make them a profit.



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