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

[Outhue]

The long ride is what many people are not prepared for, I bet that those newbies who are borrowing money to invest in Bitcoin will avoid it when they get to know that it's a long-term hold thing to make money from Bitcoin.

Generally, too many people like to make money easier and faster, isnt this the reason why many of them are hooked on gambling? Because the result is faster, like if they fail or win it should be this day, and that's why they lose a lot of money too.

If something is too easy I become cautious because something that should work out for you will never be easy, thats why I dont go out looking for the easy ways, I prefer the hard way, the only way to make money as a Bitcoin investor is to be prepared to hold for a long period.

[1714818603]

1714818603

[Ojima-ojo]

The long ride is what many people are not prepared for, I bet that those newbies who are borrowing money to invest in Bitcoin will avoid it when they get to know that it's a long-term hold thing to make money from Bitcoin.

Borrowing money to invest in bitcoin is a no go area for any newbies, infact not even good for anyone to borrow to buy such a high risk asset like bitcoin, because doing so can lead to more devastating outcome and also put the investor under pressure to cash out the investment and that can build impatient which is against the original profits approach in bitcoin.


Bitcoin is designed for long term perspective and if anything happens in the short term only those that have knowledge and understanding of the risk involved in taking short term stands may be able to make any profits.

[_BlackStar]

Beginners and anyone else should know that bitcoin will not make them rich overnight. Its price volatility allows the value of an investment to increase or even decrease in the next minute - but that is normal due to supply and demand. Returns can certainly be expected after some time - but sometimes it takes months to get a few percent increase.

I think they can learn from how other investments whose prices fluctuate like gold and others work. Bitcoin is the same - meaning the price will never stabilize, but over the long term it performs well as an investment asset that can be expected to provide worth it returns with the risk.

[ultrloa]

The long ride is what many people are not prepared for, I bet that those newbies who are borrowing money to invest in Bitcoin will avoid it when they get to know that it's a long-term hold thing to make money from Bitcoin.

Borrowing money to invest in bitcoin is a no go area for any newbies, infact not even good for anyone to borrow to buy such a high risk asset like bitcoin, because doing so can lead to more devastating outcome and also put the investor under pressure to cash out the investment and that can build impatient which is against the original profits approach in bitcoin.


Bitcoin is designed for long term perspective and if anything happens in the short term only those that have knowledge and understanding of the risk involved in taking short term stands may be able to make any profits.

The mistake made by some people is they think that its fine to take some loan and invest it with bitcoin since they can eventually earn some profit from it after all. But they don't realize the big problem they trying to get in and actually they usually at losing side for picking this option since somehow the interest of their loan might became more bigger and they might easily get affected once market shift into bearish. If that situation will happen for sure that a lot of guys will get panic and those people who don't have great experience dealing with such situation might lose their money and be in more bigger troubles.

That's why they should use their spare money to invest in bitcoin since as we all know that bitcoin investment is really for long term that's why those people aiming for short term with bitcoins should never try to borrow some money since the risk to lose is so high on their side.

[Bd officer]

Yes, new investors think that investing in Bitcoin can make a lot of profits quickly. But actually investing in Bitcoin is difficult to make quick profit. If you want to succeed in investing in Bitcoin, you need to be patient and hold for a long time. But those who invested in Bitcoin at the right time reaped quick profits. For example, those who invested in the beginning of 2023 made huge profits within 1 year. Everyone can invest but cannot hold for a long time. Never be disappointed when the price of Bitcoin drops. Investing in Bitcoin is definitely risky, but if one can hold for a long time, one can definitely profit.

[Dzwaafu11]

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.

Any newbie who borrow money and invest, invested at higher risk because the market is very volatile it can change at any time and the fact that they come here to make money, as soon as they come, make things more difficult for them to achieve. Because even business that are physical ones, they don’t have get their money back with profit in a night. So it always surprises me anytime I see newbie think this way because to me this is something that is impossible, there is no way someone will invest in Bitcoin and expect return with profit over a night it won’t work.

Everyone can invest but cannot hold for a long time. Never be disappointed when the price of Bitcoin drops. Investing in Bitcoin is definitely risky, but if one can hold for a long time, one can definitely profit.

This is true. We can all invest but is not all of us are ready to take the risk behind Bitcoin investment. Which is why many people get disappointment at the end if the day, some people want to make money from Bitcoin investment, but are not ready to invest for a long period of time and some people get affected by their emotions once they see the price is dumping they are unable to leave their money, they rather sell at lost, because they think they will lose their money and won’t get it back again.

[SOKO-DEKE]

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.

The reason why many of these newbies are getting always getting this mentality of quickly making it from Bitcoin, mostly, is from some people that first introduced them to Bitcoin and cryptocurrency in general. Instead of this people to just simply introducing Bitcoin properly they will just go ahead and hype Bitcoin. From there almost all these newbies pick up the mentality making it from quickly. And again some sets of people are just very lazy to do their own research but always follow what people say. The truth is that when someone follows some set of people, they will definitely mislead you with wrong information.

So the reason why most newbies borrow or invest what they can't afford to lose is this mentality that they will make it quickly, not knowing that that's not how it works. If most of these newbies are getting the right information, I believe that the aim of making it in Bitcoin in a short period will not be there.

Everyone can invest but cannot hold for a long time. Never be disappointed when the price of Bitcoin drops. Investing in Bitcoin is definitely risky, but if one can hold for a long time, one can definitely profit.

The early investors have proven that holding Bitcoin for a long period of time is the best way of making reasonable profits from Bitcoin investment. But that is what many of these new investors don't understand. What I think about those set of people who are not always able to hold onto their Bitcoin for a long period of time is that they lack trust in Bitcoin.

[Stable090]

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 think they can easily make quick money from bitcoin, most of them doesn’t even know what bitcoin is really all about, and they don’t know what they are suppose to do if they want to make money from bitcoin. They just think if they can buy bitcoin, then they are already Rich, they don’t know that things doesn’t really work like that, you shouldn’t just hear about something, and you will decide to jump into it, you have to make sure you do your own research to accumulate more knowledge.

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.

Just few newbies are the one’s that know they are suppose to hold bitcoin for a long period of time if they really need a maximum profit, the rest think bitcoin is a get rich quick scheme where you can easily make money after buying bitcoin but things doesn’t work like that.

[CryptopreneurBrainboss]

Yes, new investors think that investing in Bitcoin can make a lot of profits quickly. But actually investing in Bitcoin is difficult to make quick profit. If you want to succeed in investing in Bitcoin, you need to be patient and hold for a long time.

Do people still think like this, I thought people are complaining that Bitcoin isn't giving them outrageous profits anymore which is making them to start shifting their investments towards other coins but end up still regretting when the projects they were chasing after anf thought would had made them successful, fail them. What's  trending is that trending projects can give them quick profit with their pumping and dumping schemes and this is making many of them getting launched constantly because they know we have gullible people interested in investing in them. New investors that want to invest in Bitcoin shouldn't have a short term investment mentality or they won't benefit on a greater scale.

But those who invested in Bitcoin at the right time reaped quick profits. For example, those who invested in the beginning of 2023 made huge profits within 1 year.

What then happens after that is that they'll sell for them to realize that profits and when they exit the market they lose out on potential future gains because for them to re-enter the market they mostly do that at a higher price but many don't re-enter the market still because they'll be waiting for what they feel is the bottom of the market but as we all know, it's very hard to predict Bitcoin bottom and the speed at which the market recovers at times might make you to miss entering the market. The better choice is to invest and hodl and not to be timing the market for the perfect investing price with purpose of selling with in a short timeframe.

[DubemIfedigbo001]

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.

Some of these newbies are supposed to travel in the direction of trading and not investing, immediate gains are only possible when you're good in trading, you can speculate the next trend and cash out big time as well as lose big time. Maybe they should make up their mind and go for what they want in their bitcoin journey instead of lamenting out of limited knowledge on bitcoin investment.

I also think most of them aren't patient enough, nor are they committed to learning in the forum, lest they would have found numerous answers to their quest with the vast information we've here. Before making my investment, I perfectly understood the act of bitcoin investment and never made any investment until I had spare funds and a steady source of income to cover up my living expenses.

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.

I read a story where a newbie was complaining of someone taking his money and leaving the coins, I laughed in my mind because he had the wrong orientation from his investment manager. I think its also partly the duties of those recruiting these newbies into crypto to properly inform them about the nature of bitcoin investments so they are properly prepared for the volatile nature of the investment.

[Zoomic]

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.

Some of these newbies are supposed to travel in the direction of trading and not investing, immediate gains are only possible when you're good in trading, you can speculate the next trend and cash out big time as well as lose big time. Maybe they should make up their mind and go for what they want in their bitcoin journey instead of lamenting out of limited knowledge on bitcoin investment.

Whether they choose to trade or just hold till the price appreciates, they still need to be patient and committed to see results. What difference will it make if an unserious newbie goes into trading just to make quick money and at the end he runs away because he has no discipline in him. Not everyone will trade, if they are comfortable with just investing alone, then it's totally fine, provided they truly understand what they are really investing in and what it takes to get good returns on their investments.
In whatever way one intends to earn from Bitcoin, it requires time to really see results and there is no specific means of earning that is specifically reserved for newbies.  They can earn anywhere as long as they are prepared for it.

Edit: @DubemIfedigbo001 thanks, I noticed it immediately after dropping the post but due to poor internet connection,  there's delay.

[DubemIfedigbo001]

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.

Some of these newbies are supposed to travel in the direction of trading and not investing, immediate gains are only possible when you're good in trading, you can speculate the next trend and cash out big time as well as lose big time. Maybe they should make up their mind and go for what they want in their bitcoin journey instead of lamenting out of limited knowledge on bitcoin investment.

Whether they choose to trade or just hold till the price appreciates, they still need to be patient and committed to see results. What difference will it make if an unserious newbie goes into trading just to make quick money and at the end he runs away because he has no discipline in him. Not everyone will trade, if they are comfortable with just investing alone, then it's totally fine, provided they truly understand what they are really investing in and what it takes to get good returns on their investments.
In whatever way one intends to earn from Bitcoin, it requires time to really see results and there is no specific means of earning that is specifically reserved for newbies.  They can earn anywhere as long as they are prepared for it.

Please format this post properly to improve readability

[Asuspawer09]

I mean it's a basic thing that most of the newbies have as a problem having the wrong mindset thinking that cryptocurrency and Bitcoin is just a easy investment, where you could just put your money on it, wait a little bit, and cash it out, most of the newbies get this mindset most of the time when they enter the market in a Bullrun because of FOMO, since at Bullrun most of the cryptocurrency are just having a long rally of increasing its market price, newbie traders thinking that it is just how the market works, and it's going to be easy money for them, then when they experience the bear market everything came down to realization and now they lose a huge amount of money in the end.

My advice here is always go for dollar cost averaging since it's going to minimize the risk of your investment, it was just like you saving money every week but you are just putting it on Bitcoin, as long as you are going to sell it on the top of the market you're always going to make a profit out of it, one thing that I've realize as well the hard way is to not make cryptocurrency investment as a main source of your income, because your just gonna end up losing money, if your going to do that in case of emergency if you doesn't have other income your going to sell your investment at a wrong timing.

[DaNNy001]

The long ride is what many people are not prepared for, I bet that those newbies who are borrowing money to invest in Bitcoin will avoid it when they get to know that it's a long-term hold thing to make money from Bitcoin.

Borrowing money to invest in bitcoin is a no go area for any newbies, infact not even good for anyone to borrow to buy such a high risk asset like bitcoin, because doing so can lead to more devastating outcome and also put the investor under pressure to cash out the investment and that can build impatient which is against the original profits approach in bitcoin.


Bitcoin is designed for long term perspective and if anything happens in the short term only those that have knowledge and understanding of the risk involved in taking short term stands may be able to make any profits.

First of all, there is no fixed time to when the price might go up and again their is no assurance to know if the price will go up in the time frame you took the loan so the option of collecting loan is a definitely a NO NO. Bitcoin is the best crypto out there and it has proven this time without number so what anyone needs to do to get some good vibes off their investment is to actually go for a long term investment rather than taking huge risk of collecting loan when you know the price is always volatile.

[Ojima-ojo]

My advice here is always go for dollar cost averaging since it's going to minimize the risk of your investment, it was just like you saving money every week but you are just putting it on Bitcoin, as long as you are going to sell it on the top of the market you're always going to make a profit out of it, one thing that I've realize as well the hard way is to not make cryptocurrency investment as a main source of your income, because your just gonna end up losing money, if your going to do that in case of emergency if you doesn't have other income your going to sell your investment at a wrong timing.

This is great and nice to hear that from you and your first paragraph was dope I must say, but then just a few confusion in the last paragraph which is the part I quoted above.


The main question is, when is the best price for the newbies to cash out as you mentioned top of the price.


Which price is actually top?

[Russlenat]

The long ride is what many people are not prepared for, I bet that those newbies who are borrowing money to invest in Bitcoin will avoid it when they get to know that it's a long-term hold thing to make money from Bitcoin.

Generally, too many people like to make money easier and faster, isnt this the reason why many of them are hooked on gambling? Because the result is faster, like if they fail or win it should be this day, and that's why they lose a lot of money too.

If something is too easy I become cautious because something that should work out for you will never be easy, thats why I dont go out looking for the easy ways, I prefer the hard way, the only way to make money as a Bitcoin investor is to be prepared to hold for a long period.

Certainly yes. Long term hodling is quite a struggle for those who are here to make quick profits. That’s the reason why majority of newbies end up investing in altcoins because they can make short term profits which is not possible with bitcoin, as long as they come to invest with the potential altcoins.

However, it also depends on how far your knowledge acquisition with bitcoin. Because if you know bitcoin well, you would not mind investing in it for long term because there are also high chances that you will end up reaping massive profits. But for those who invest without knowing, expect that they are more quick profits driven, and with this type of mindset, it will be hard for them to make decent profits in bitcoin.

[Stalker22]

Yeah, no kidding.  The new people in crypto seem to think it is some fast cash grab fueled by those FOMO moments when prices spike up quick.  Then suddenly the bear market hits and all those dreams crash hard, and  dollar cost averaging can definitely help, but trying to perfectly time when prices peak is pretty hopeless.  Bottom line is crypto should not be anyone's only income stream, point blank.  You really gotta learn the landscape before you start betting money you need for real bills.  Professional traders are a different story, but those guys built their knowledge and experience the right way, not with YOLO bets.

[LogitechMouse]

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

The problem with newbies right now is that they don't have enough patience to wait for years in order for them to get profit.
This is also the reason why whenever I introduce Bitcoin to other people, I always say at first that "If you want to maximize the profits that you can get in investing into Bitcoin, you need at least wait for 2-3 years at least. If you want to earn profits a bit faster, go trade."

Whenever I say the bolded text to newbies around me that are interested into Bitcoin, they just simply back out because they can't wait for years to get the profit. I also say to them that in 2-3 years' time, you can double or triple your money depending on the time when you are buying it which is true, right? You bought in the bear market, 2-3 years from now your initial capital already tripled. Not certain though.

At the end of the day, I don't want to generalize newbies, but most of them doesn't have the patience to wait hence, they don't want to invest into it. They want quick bucks, but they don't know the risks. They want easy money, but they don't want to learn. They want profits as fast as possible, but they aren't willing to spend a little bit of their time researching.

[Mayor of ogba]

Another thing that will make newbies not to get what they desire from bitcoin investment is when they invest all their money in bitcoin with the hope of getting rich soon and without making provision for an emergency fund. When an emergency arises, there will be no funds to use to solve it; they will have no choice but to depend on their bitcoin investment to solve the emergency. Secondly, when newbies fail to get what they desire from their bitcoin investment and the price of bitcoin dips, they will be forced to sell their bitcoin even though they are at a loss. 

[erep]

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 newbies are interested in investing in Bitcoin because of FOMO and wanting to get rich quickly. The profits obtained by other investors are their motivation to invest in Bitcoin even though they don't have the right knowledge on how to invest. The mistake that newbies often make when investing in Bitcoin is jumping straight into making decisions before having basic knowledge about crypto, this type of newbie is very easily carried away by the hype. Bitcoin investing is all about opportunity, you have to educate yourself to make a rational decision about what to do before jumping in headfirst.