The Psychology of Investing in Bitcoin

[Ravichnadra]

Well Hello from the other side ~

Ever felt that rush when Bitcoin hits a new high? Or the sinking feeling when it takes a nosedive? Let's talk about the rollercoaster ride that is Bitcoin investing.Are we in it for the tech, the profits, or just the thrill? Whether you're a HODLer for life or a day-trading.Let's dissect the highs, the lows, and everything in between. After all, the Bitcoin market isn't just about charts and numbers.

What are your thoughts on this ~ Let's discuss

[Churchillvv]

It's an individual thing everyone of us in this forum has what lead him or her to this forum and as such it's an individual thing. Your intentions is different from mine and that's how it differs to every other person.

Another thing is nobody goes into anything for losses it's either for the knowledge or for profits.

And for a privacy supporter like me I just realized this recently that im more into Bitcoin because of its privacy and freedom, I don't like being controlled so I chose to be free with my finance with the help of Bitcoin.

[Nwada001]

I don't think there is anything as Hodler for life; we don't buy bitcoins to hold them for the rest of our lives; they are not meant to be bought and held permanently in our wallets; they are not decorations; they are there to serve a purpose.
 
I like the idea of buying and holding for a long time, and when I see the time to take profit, I sell and take profit from what I hold. Even if I don't sell, I can still sell and keep some rebuy at the right time, and all of that, even if it takes someone 10 years before they can sell their holdings, it's still not a holding for life.

[ImThour]

Nope, I do not feel anything now. I completely understand the 4 Year Bitcoin Cycle and I do not get excited on Bitcoin reaching $40k or going $30k. I understand that it will have to go through all these stages to finally reach the end goal i.e. A all-time new high near October of 2025.

Are we in it for the tech, the profits, or just the thrill?

Completely depends on you. I am here for the profits and the thrill. I barely think my life was impacted with the Blockchain technology as of now.
AI made more impact than Blockchain for me personally despite being come too late in the action.

[kryptqnick]

To me, it's not for the thrill or the tech. I'm fairly confident in Bitcoin and its success, and volatility doesn't bother me. To me, Bitcoin is just a reasonable investment. It recovers, establishes new ATH points, and it's still adopted by less than 5% of human population, so there's a huge growth potential here. Unlike fiat, which loses value over time, Bitcoin does the opposite. I also enjoy having at least some money that I can keep to myself, without relying on banks and monetary policies. Bitcoin provides financial freedom, so owning some is a way of partaking in it.

[criptoevangelista]

Emotions end over time, everything becomes very calm despite the volatility.

The secret is to study hard and know what you are doing, by following this you will increasingly feel more comfortable being part of this world of cryptocurrencies.

Life is volatile, that's the secret, calm only brings procrastination and discouragement. The interesting thing is the challenge and it is always outside the comfort zone.

[Pandorak]

Are we in it for the tech, the profits, or just the thrill?

I'm sure in the end we have to agree that we are here for profits that bitcoin offers, but on what basis do we believe bitcoin can give us profits? isn't that the technology?. The technology, profits & thrill are related to each other. Let me break it down a bit:

1. Why are we here, it is because we have the hope of getting profits offered by bitcoin, remember that bitcoin has a very limited supply and this will affect its price.
2. Why do we believe in bitcoin? the technology. That's what makes us confident and believe because with the support of bitcoin technology, it will elevate value of its small supply.
3. We love the thrill, the thrill of being in the midst of financial evolution.

Come on, don't lie to yourself, we are all here basically to get future profits.

[Helena Yu]

Are we in it for the tech, the profits, or just the thrill? Whether you're a HODLer for life or a day-trading.

For the tech? less likely, they're mostly OGs.
For the profit? that's the reason from 99.9% of people.
For the thrill? gambling or buying shitcoins are the better options.

If people don't understand what they invest for, they will never feel safe at anytime including when they're sleeping. When people can feel safe by investing in Bitcoin because they believe in decentralization, knowing they're almost impossible to get hacked, and know where they hide their back up, those are the real Bitcoin enthusiasts.

[Ruttoshi]

I don't think there is anything as Hodler for life; we don't buy bitcoins to hold them for the rest of our lives; they are not meant to be bought and held permanently in our wallets; they are not decorations; they are there to serve a purpose.
 
I like the idea of buying and holding for a long time, and when I see the time to take profit, I sell and take profit from what I hold. Even if I don't sell, I can still sell and keep some rebuy at the right time, and all of that, even if it takes someone 10 years before they can sell their holdings, it's still not a holding for life.

Everyone has the reason why they are into bitcoin, some bought their bitcoin to trade with, some bought their bitcoin to hodli, and take profit after some years, while some bought their bitcoin to be part of their lifetime investment, so that they can pass it down to their heirs. Some people bought it and see it as a currency, so that they can use it to buy goods and services due to its decentralized nature.

I am into bitcoin because I am using it as a store of value for my savings, since my country fiat currency is depreciating everyday, since bitcoin serves as a hedge against inflation. We all know that if you hodli for a very long time, there is a certain profit that your investment will generate for you, and that is the most important part.

[Doan9269]

Ever felt that rush when Bitcoin hits a new high? Or the sinking feeling when it takes a nosedive? Let's talk about the rollercoaster ride that is Bitcoin investing.

If we are to discuss about bitcoin, it must have to be under the experience on both the good and bad, we make invest in it to make profits, we also in our own capacity afford to loose money maybe due to some mistakes we do in it, we have to have the both sides experience in other to know what we have gained and how we should prepare further for the things ahead of us with it's adoption.

Are we in it for the tech, the profits, or just the thrill? Whether you're a HODLer for life or a day-trading.Let's dissect the highs, the lows, and everything in between. After all, the Bitcoin market isn't just about charts and numbers.

One thing we must assure ourselves to achieve is the best we could with bitcoin adoption, either we are trading, investing lond or short, using it as a currency for payment or holding it as our investment asset, we must make sure we are applying it's uses to the profitability our our own self.

[btc78]

If you gather everyone who has ever bought bitcoin it is interesting to see that we all have different reasons of being here

We are people of different backgrounds, different cultures and different economic classes yet bitcoin unites us all personally i am here for the profit but as i dive deeper to bitcoin i realize that bitcoin or cryptocurrency is our future and it will be here for a long time to be used by many many generations to come

[RockBell]

I don't think there is anything as Hodler for life; we don't buy bitcoins to hold them for the rest of our lives; they are not meant to be bought and held permanently in our wallets; they are not decorations; they are there to serve a purpose.
 

A very good point made out because if you should look at the word hold when it is concerning bitcoin, it just for a while until your certification is met, when you have made profit then you holding should be let go at that particular time. And since bitcoin is an investment and the reason for holding should be for profit. Holding permanently does not really make any sence to me. The purpose of buying must be fulfilled.

I like the idea of buying and holding for a long time, and when I see the time to take profit, I sell and take profit from what I hold. Even if I don't sell, I can still sell and keep some rebuy at the right time, and all of that, even if it takes someone 10 years before they can sell their holdings, it's still not a holding for life.

Buying and holding for a long time is not a bad idea, but when ever it is due time to sell, it is better to sell because some people will always want the price to go higher. And at the end of the day you might even lose everything. And no profit and a scattered capital. That is perfect way to do things buy when it low and sell when it is high. I don't think I can wait for 10 years to sell. Once am okay with the profit then I will sell. Then wait to rebuy.

[franky1]

when you have the trad-fi emotions that the price is too high to buy more. its time to start thinking its time to hold what you have and plan selling some when it rises further

when you have the trad-fi emotions that the price is too low to sell. its time to start thinking its time to hold what you have and plan buying some when it falls further

always remember buy low sell high.. dont panic or stress at the usually times trad-fi people panic. do the opposite find the buy sell opportunities of lows and highs.

[Ojima-ojo]

Well Hello from the other side ~

Ever felt that rush when Bitcoin hits a new high? Or the sinking feeling when it takes a nosedive? Let's talk about the rollercoaster ride that is Bitcoin investing.Are we in it for the tech, the profits, or just the thrill? Whether you're a HODLer for life or a day-trading.Let's dissect the highs, the lows, and everything in between. After all, the Bitcoin market isn't just about charts and numbers.

What are your thoughts on this ~ Let's discuss

First thing first, the reason why any investor be it a holder or a trader will put their money into any business is for the sole reason of making profits, and no one will say that he will not feel excited if his investment is making some good profits, everyone loves money that why we work for money, so for sure investment profits is what drives the motive behind every investment so for sure anyone will fall under that category.


Also, another class of people are those who are in for the tech aspect of it, and those are the technical members such as the developers and the rest of them, so we need to get this straight to avoid any possible contradictions.

[Mrbluntzy]

If I was asked while I invested in Bitcoin, my reply would be "to make profit"

People that introduced me to Bitcoin told me that I only need to buy, be patient to hold it for some years then I will stand the chance to have more profit than any other investment.     At first I doubted them, but they showed me the old price of Bitcoin when it was very low and how the price have become high now. That was the reason that made me to get convinced and invest into Bitcoin.            There have been story of old investors who also made a fortune due to their investment in Bitcoin and people who are investing in Bitcoin not is because they want to make profit.     The reality of investing in Bitcoin is because investors wants to make profit.  There is not Bitcoin investor that doesn't need profit.

[SamReomo]

Most of the holders are holding Bitcoin for the sake of profit only but most of them are also holding it because they trust it and technology behind it. There are many altcoins and few of those have better features then Bitcoin but still no one is interested in those because they aren't reliable projects and even with many extra features they can't get good investors.

I'm into Bitcoin because I trust this project and I can see huge potential in it, I'm also into it because I want to earn enough profits from it in long term. I often use it for transactions because it's much better and reliable than traditional banking systems. I don't know if there is someone who will hold Bitcoin for life but most people who are good at holding will hold it until it reaches and crosses $1M value.

[CryptoHeadlineNews]

I don't think there is anything as Hodler for life;

Lolz.. I guess what O.P meant is "HODL" which means "Hold On For Dear Life", which is a short acronym used for people who buy their Bitcoin and hold on without for a very long time, e.g 5yrs and above.

So however, regarding what O.P was saying, I will say that thou the price chart history of BTC alone may not have a huge influence to help predict the future price Bitcoin so as to enable you accumulate more BTC by buying low & selling  (i.e Dollar Cost Averaging method), but with the help of market news and others, it will go a long way helping you getting close to prediction.

[Spaceman1000$]

Well Hello from the other side ~

Ever felt that rush when Bitcoin hits a new high? Or the sinking feeling when it takes a nosedive? Let's talk about the rollercoaster ride that is Bitcoin investing.Are we in it for the tech, the profits, or just the thrill? Whether you're a HODLer for life or a day-trading.Let's dissect the highs, the lows, and everything in between. After all, the Bitcoin market isn't just about charts and numbers.

What are your thoughts on this ~ Let's discuss

Just as you captured it, the psychology of investing in BTC, everybody has his or her own way of reacting to situations, if your investment is nosediving, I bet you will be in panic mode, however there are other people that would still maintain some level of professionalism and they won't get panic attack because they know it will bounce back. Don't also forget that those of them that are buying and holding, they are doing so because they want their investment to increase in profit, and subsequently take their profit hence they feel like, so the idea of being a holder for life is something I'm not really getting clear, because as some point in life, you would want to make use of your investment.

[Zlantann]

Well Hello from the other side ~

Ever felt that rush when Bitcoin hits a new high? Or the sinking feeling when it takes a nosedive? Let's talk about the rollercoaster ride that is Bitcoin investing.Are we in it for the tech, the profits, or just the thrill? Whether you're a HODLer for life or a day-trading.Let's dissect the highs, the lows, and everything in between. After all, the Bitcoin market isn't just about charts and numbers.

What are your thoughts on this ~ Let's discuss

Although have I love and respect for Bitcoin because it is unique, money is my biggest attraction. Bitcoin is one of the easiest, secure and private means of making money. It is also convenient and less stressful because you don't need to keep looking at charts every day. All you just need is knowledge, money and patience.

I don't think there is anything as Hodler for life; we don't buy bitcoins to hold them for the rest of our lives; they are not meant to be bought and held permanently in our wallets; they are not decorations; they are there to serve a purpose.
 

A very good point made out because if you should look at the word hold when it is concerning bitcoin, it just for a while until your certification is met, when you have made profit then you holding should be let go at that particular time. And since bitcoin is an investment and the reason for holding should be for profit. Holding permanently does not really make any sence to me. The purpose of buying must be fulfilled.

Some people see Bitcoin as an asset that can be passed on to the new generation. Just like people invest in stock or real estate so that their children or family members can inherit them, people have such plans for Bitcoin. Such a person might also have other hodling that is meant to be liquidated in their lifetime while others will be secured in wills or trusts.

[Asiska02]

Well Hello from the other side ~

Ever felt that rush when Bitcoin hits a new high? Or the sinking feeling when it takes a nosedive? Let's talk about the rollercoaster ride that is Bitcoin investing.Are we in it for the tech, the profits, or just the thrill? Whether you're a HODLer for life or a day-trading.Let's dissect the highs, the lows, and everything in between. After all, the Bitcoin market isn't just about charts and numbers.

What are your thoughts on this ~ Let's discuss

It is very clear and obvious that most of us in the space are investing into bitcoin to earn profit from it, if not for that purpose, I don’t think it will have wide use and widespread around the world as it is today. If you’re going into an investment as an investor, you’ll first calculate what you stand to get, and if it’s not a profitable asset, no investor will put their money into it. The primary goal of bitcoin has been bypassed and all of this is for its own good because it has gain more acceptance and use than using it only for its main purpose. Whatever the idea the person coming to invest in bitcoin has, it is their own choice but the wide majority settles for the investment part to make a lot of profit after investing in bitcoin overtime.