Newbies take bitcoin as long term Choice to get the best out of bitcoin

[Ojima-ojo]

I have read alot of comments from newbies complaining how they investment into bitcoin is at a lose or does not give them they desired result of achieving the financial freedom that bitcoin offers based on they short term wrong bitcoin mentality.


Some newbies locate this forum as soon as they make they first investment into bitcoin, and searching for knowledge and information on they investment, but the original intention is for bitcoin to make them a millionairs in the next day after investment, this is the reason why some of them borrow money to invest in bitcoin or using money that they need to solve real life problems to invest in bitcoin with the aim to make profits in short term.


If you have the above mindset as a newbie investor then you should know that your are on a long ride of being disappointed, because no one know what the outcome will be for bitcoin in terms of bitcoin value in the next minute, that is the reason one need to hold bitcoin with the knowledge of long term in view, to stabilise and build you and your investment up with time, before achieving the true financial freedom.

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[Amphenomenon]

Some newbies locate this forum as soon as they make they first investment into bitcoin, and searching for knowledge and information on they investment, but the original intention is for bitcoin to make them a millionairs in the next day after investment, this is the reason why some of them borrow money to invest in bitcoin or using money that they need to solve real life problems to invest in bitcoin with the aim to make profits in short term.

I know thinking of becoming millionaires quickly after investing in bitcoin is bad but to be frank another who has this idea but also is searching for knowledge and information about Bitcoin and ends here is on the right track because they will be enlighten of their misconception.

While many of us may not be in such category, in thinking bitcoin is not a get rich quickly scheme but to be frank the knowledge of bitcoin we were having before becoming a member of this forum were false and I'm in such category and will continue to thank God of this forum.  No matter the knowledge of Bitcoin you are looking for in regard to economic, investment, technical aspects and others joining this forum has already solved it, what's left for you it to learn to become enlighten of the truth

[tabas]

They should remove that thinking because reaching to that point will also depend on what kind of effort they do and also the amount of capital they start with. What I am disappointed with most of the newbies is that they always complain about being too late in buying BTC and that's why they choose memecoins and other altcoins instead. That's the disadvantage they always point out but if they're serious with it, they will buy it without any complain and I agree that it should be for the long term. They won't feel the essence of holding Bitcoin in the short term when they have bought it also at the peak. But if they will plan out their purchases and DCA, they'd see the huge difference of it that they'd be happy that it is their choice instead of altcoins.

[Orpichukwu]

One of the things that makes most newbie investors think this way is the kind of orientation that most of them have had since their first time with bitcoin. They have the impression that once you invest in bitcoin, you are sure of getting rich, but they don't know it's not something that is being done in a short time. 
 
Another thing is that most people don't get proper information on how things work with bitcoin. They read a lot of success stories from those who have invested in bitcoin in the early stages and are not rich, flashing their luxury everywhere online, which is one of the reasons why most people choose to invest in bitcoin so that they can also enjoy such luxury, but they fail to study the time frame it took them to arrive there.

[Adbitco]

Usually I hardly encourage newbies investing in bitcoin when I noticed that their mindset is for short term profits, because anyone with this mentality could hardly make a good investment since their attention is being centered on a short term investment instead of having long term thinking to know what the future could give them. There are some exceptional case where they are lucky enough to invest after bitcoin halving , all of the sudden the market boom to new ATH with this the can make profits as they desired if they aren't that greedy to hold till prices goes to millions dollars per bitcoin, even if they don't think of holding for long term but with that smartness the would cashed out something good from their investment than jumping into market when the price has changed in direction and prices.

[Maslate]

Bitcoin is never an easy investment, but full of flaws and risks and if you are not wise enough, you will only maximize your losses if you continue to invest in bitcoin blindly. However, if you chose to invest in it for long term, there’s always bigger chances to lessen the risk of losing, as long as you never get tempted to sell at a lower price everytime the market crash or there’s a price correction happening in the market. Patience is certainly the key, and the more you become patient with your long term investment, the bigger the amount of profits you will reap in the future once you decide to sell your coins.

[Distinctin]

One of the things that makes most newbie investors think this way is the kind of orientation that most of them have had since their first time with bitcoin. They have the impression that once you invest in bitcoin, you are sure of getting rich, but they don't know it's not something that is being done in a short time.
 
Another thing is that most people don't get proper information on how things work with bitcoin. They read a lot of success stories from those who have invested in bitcoin in the early stages and are not rich, flashing their luxury everywhere online, which is one of the reasons why most people choose to invest in bitcoin so that they can also enjoy such luxury, but they fail to study the time frame it took them to arrive there.

Majority of these newbies enter bitcoin investment thinking that it could be a get rich quick scheme. Probably because of those crypto influencers found in the social media where all they did is flexing their profits while continue to hide their real amount of losses. Not realizing that it will make them endure more losses at first before they will come to maximize their profits.

If this will be the mindset of a newbie, he will definitely end up losing with bitcoin. But if he gets the right information about bitcoin from the start, hence he will be more cautious in his investment and chose long term hodling than short term profiting.

[SamReomo]

~Snip~

Bitcoin is not for those who take loans and purchase Bitcoin so they may get profits and repay the loans + interests and also keep some extra profits. It's for those people who have their own money that they invest in it and hold it for long term.

The ones who want quick buck with Bitcoin often end up losing both money and hope and that's why they say that there's no profits in Bitcoin or it's scam, blah, blah, blah. If the understand the market of the Bitcoin and get a sense that how it works then they will only invest in it if they want to earn steady long-term profits.

[lovesmayfamilis]

That's right, OP. And this is precisely why you are there, those people who understand the risks of investing in Bitcoin, to warn beginners and interested people that they may lose everything instead of the expected profit. I prefer to immediately cool the ardor of my friends who, seeing how Bitcoin is growing and hearing how some people were able to increase their capital, tell them about the pitfalls that they may encounter.
By praising Bitcoin and telling only the positives, we become unwitting instigators of unprepared people for future collapses.
But those beginners who act on their own, without reading or listening to those who warn them to be more attentive to all aspects of storage, deadlines, and knowledge in general, will simply receive life lessons until they grow wiser.

[kentrolla]

Can't help much because whoever is entering Bitcoin now is not because of its decentralisation like people used to choose Bitcoin back in the days to ensure there is no third parties involved during payment transfer and cross border payment but since Bitcoin has been utilised more for return on investment the crowd which enter Bitcoin will also be only thinking of profit and losses instead of the technology and we will obviously have people complaining about Bitcoin wherein it's their failure of short term mindset.

Just one advice if you are not ready to hodl for 3-4 years then don't go for Bitcoin it's not for you.

[SOKO-DEKE]

Knowledge is very important in anything you want to do in this life because it serves as a guideline to know the wrong side and the right side. If someone wants to do business or invest in anything, if they have good knowledge about what they want to invest in, they will be successful.in cryptocurrency industry if someone want to be successful it really need good knowledge about Bitcoin and cryptocurrency in general, so that it will know that right decisions to take, like the best coins it need to invest in, the types of wallets best for keeping the Bitcoin.
 
I believe that the newbies that do come to the crypto industry with the aim of becoming millionaires in the short term are a set of people who only follow the information they hear from others without doing any further research on their own. For example, just recently, with Bitcoin pumping, there were many people coming into the crypto industry because they heard that the price of Bitcoin was increasing and some were making profits from it. They also started investing without knowing anything about Bitcoin, but only the profit some people were making. They will never think when those people who are taking profits now start investing in Bitcoin. 

[Aanuoluwatofunmi]

If we really want to be profitable about bitcoin, then we don't have to be too fast about making money from it, anything that is promising making a quick return over a short time could be untrue or scam, that is why we can not take bitcoin the same way we see ponzi schemes, we have to be patient and lenient enough in seeing what we have invested reach its maturity stage before we can be taking profits from it, while the longer we are holding, the more likely we appear in making profits in it.

[God bless u]

I think that's totally their fault it's not the fault of BTC or either trading. When you want to become a doctor you go through almost 6 years of education. Every profession requires the amount of time and hard work that you need to invest in so that you can acquire a certain amount of skills.

Now the case you have mentioned is a result of this negligence that trading is a bit simple and just go for it. Taking profit from BTC short term while you don't have enough to invest and you're a newbie is such a dream that has no relation with reality. If they had acquired good skills they would've known it.

[Ricardo11]

Investing in Bitcoin should eventually be for the long term. Newbies who don't know much about Bitcoin, after investing in Bitcoin, when the market goes down a bit, they panic and they stop holding and take a loss. No one knows where the price of Bitcoin will go next, so you must be sure of a stable and long-term investment in Bitcoin, and hold long time without panicking.

[Ojima-ojo]

Investing in Bitcoin should eventually be for the long term. Newbies who don't know much about Bitcoin, after investing in Bitcoin, when the market goes down a bit, they panic and they stop holding and take a loss. No one knows where the price of Bitcoin will go next, so you must be sure of a stable and long-term investment in Bitcoin, and hold long time without panicking.

Sometimes there have been alot of misconceptions by the newbies a d they need some redirection to be able to position in the right track because alot of them rush into bitcoin without even having the basic understanding of how the market works and what come along with bitcoin investment and how they chose to handle them as we go along with bitcoin and how we invest in it as newbies.


The best approach to bitcoin should be long term base as long as you are not a trader and just a holder this is what should determine your level of knowledge building along the line and how you manage yourself through.

[sunsilk]

If we really want to be profitable about bitcoin, then we don't have to be too fast about making money from it, anything that is promising making a quick return over a short time could be untrue or scam

Those that have the kind of mindset about getting rich quickly with Bitcoin, they are likely to fall for those scam platforms. But if they want to make money out of it in the short term, they can try to trade. But with that, they're unlikely to make it if they don't even know how to do basic analysis.

that is why we can not take bitcoin the same way we see ponzi schemes, we have to be patient and lenient enough in seeing what we have invested reach its maturity stage before we can be taking profits from it, while the longer we are holding, the more likely we appear in making profits in it.

Few years back, many have thought about Bitcoin as a rich quick scheme and they only understand it that you have to invest into a platform for you to get into Bitcoin.

But as time matures, many newbies understand more about Bitcoin that it isn't a kind of platform that they'd be rich quickly but it matures as well over time.

[SatoPrincess]

One of the best advice you can give to a beginner is to never borrow money to invest in crypto. It is a gamble that they shouldn’t take. Cryptocurrency is a highly volatile market. It is better to use money from other sources like your job or side hustles to buy an affordable amount of bitcoin every week/month. It's easier to hodl when you are not under pressure to repay a loan through profits from your bitcoin investment.

[EL MOHA]

One of the best advice you can give to a beginner is to never borrow money to invest in crypto. It is a gamble that they shouldn’t take. Cryptocurrency is a highly volatile market. It is better to use money from other sources like your job or side hustles to buy an affordable amount of bitcoin every week/month. It's easier to hodl when you are not under pressure to repay a loan through profits from your bitcoin investment.

Certainly the best idea to anyone engaging in a volatile market, but will they heed? Most certainly No. The narrative that the newbies are mostly shaped with is that this cryptocurrency of a thing makes riches, Yes! No body is denying that fact but it’s not something that you get from investing just some certain amount in a Short period of time. The set of people that usually share This wrong narrative to newbies is the highly profitable traders who have been in the market for a long term and they tell the newbies this just to have them pay for mentorship. Other set are those shilling airdrops this two combines gives the newbie hope that should they invest a larger amount of money it will double in a period of time and newbies go on to borrow funds also just to realize some certain amount of money and this stops them from holding for a very long term because the initial narrative was a wrong one

[stadus]

They should remove that thinking because reaching to that point will also depend on what kind of effort they do and also the amount of capital they start with. What I am disappointed with most of the newbies is that they always complain about being too late in buying BTC and that's why they choose memecoins and other altcoins instead. That's the disadvantage they always point out but if they're serious with it, they will buy it without any complain and I agree that it should be for the long term. They won't feel the essence of holding Bitcoin in the short term when they have bought it also at the peak. But if they will plan out their purchases and DCA, they'd see the huge difference of it that they'd be happy that it is their choice instead of altcoins.

They often complain but when opportunities knock on their door, they become hesitant to take advantage on it because of their fears that their investment will end up as a scam. This kind of mindset is common for newbies. It’s just ironic to say that those who have less or no knowledge about bitcoin have definitely a lot to say while those who have been into bitcoin for quite long remain positive on it.

Bitcoin cannot make a person rich overnight, but hey if you work on it without showing signs of quitting but more on positivity, I always think that it will reap you good things in the long run, patience is the key.

[Issa56]

I have read alot of comments from newbies complaining how they investment into bitcoin is at a lose or does not give them they desired result of achieving the financial freedom that bitcoin offers based on they short term wrong bitcoin mentality.

Most of them are always having wrong orientation about bitcoin investment, they just hear about bitcoin, and they believe they can make massive profits from bitcoin, after most of them join, and they are not getting the profit which they expected, they will end up being disappointed, and some of them will end up investing in wrong platforms which will promise them massive returns within a short period of time without any risk. Before investing in bitcoin, make sure you have proper knowledge about bitcoin before making any investment, newbies should know that bitcoin is not a get rich quick scheme.

If you have the above mindset as a newbie investor then you should know that your are on a long ride of being disappointed

Most people that have that kind of mindset always end up falling into the wrong hands, most of them do end up being scammed because of the quick money which they are always looking for, after they are scammed, they will be complaining that bitcoin is a scam, but they should blame themselves because they made wrong investment.

because no one know what the outcome will be for bitcoin in terms of bitcoin value in the next minute

Everyone is just making prediction about bitcoin, nobody is sure about the price that bitcoin will be going at a particular period of time, just make sure you have knowledge about bitcoin before investing.