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

[Kelvinid]

I choose Bitcoin for long-term and short-term, and I sell them without hesitation if ever the price hits my goal. To ask when to sell? There is no perfect answer when it depends on your target price. What is important is that we are certain of our goal and that is to make money, not to lose. If we follow this simple rule "Buy low and Sell high", the market can assure us that we can make money from it. But if we are too impatient, this is impossible, the results will only just hurt if we push through.

That is why a good market understanding is hereby required in the sense that this will guide us in good decision-making and strategies.
As we choose Bitcoin, therefore, we also help ourselves to become responsible and accept the fact that this is not a quick-rich scheme.

[Notalony]

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.

Thanks you very much, yes it is an obvious fact considering history of Bitcoin from when it was created till now, it has shown a lots of increase in value such that those that bought for about 5 ago and has a lot of of Bitcoin size  and has held  till now will surely be in good profits, it is very good to build Bitcoin investment for long term and that is when you will know the true value of Bitcoin.

[Z390]

It's true that a lot of newbies / beginners in bitcoin investment are oriented with a quick profit scheme but perhaps when they join this forum it tends to turn out the other way.

I don't really blame a good number of them for having such impression about bitcoin because when you visit YouTube today and you search the word bitcoin, a lot of videos will appear and most are title how to become a millionaire in 2024! And the next learn is invest in bitcoin and you will become a millionaire in few days hence a good number of people came into the forum through all this kind of advertisements. After buying bitcoin the next expectations is for bitcoin to magically turn then into millionaires over night hence when the expectations are not met then they rush to altcoins believing that it will surge high for the expected profit.

I believe that is why the forum is there to reform the ideology of people about bitcoin, that it's not a get rich quick scheme. If only we the newbies will dedicate more time to increase our holdings for long term and hence in less than two cycles of bitcoin we will achieve the goal.

This is a valid point that no one is talking about, Crypto YouTubers are giving  people false hopes, saying how to become a millionaire in 2024 by investing in crypto, which isn't always so true, this is one of the reasons why many beginners are in haste, and once they failed to get the expected result they lose confidence and sell their bitcoin.

Too much misleading in this space if you ask me, and beginners also have their problems too, they lack patience in everything, they can't do research right, and some of them will want to invest in Bitcoin but they want quick returns, and some of them sees altcoins as the better option, no matter how you try to confuse them that Bitcoin is better they won't listen.

They somehow believe that alts are still cheaper and they can also make more money from altcoins, they aren't completely wrong, but the problem is they will do all mistakes available with altcoins investment because its note easier to lose money in altcoin than anything else. 

[lizarder]

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.

It is common knowledge that people want wealth from the investment process carried out in bitcoin, but sometimes they ignore the process. The case of borrowing money and then pursuing investment in bitcoin is bad behavior because it talks about price fluctuations and loans have a series that needs to be carried out in accordance with applicable regulations. In fact, if they try to invest responsibly in small amounts, applied consistently it will also provide assets that increase every time.

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.  

If the case involved in bitcoin uses their own money and they have a large level of income then the disappointment will be covered by the knowledge of getting to know bitcoin properly. Bitcoin has strength in the long run and all one has to do is hold on and be patient. Building an investment is not easy because we will be faced with risks, but once again if people are able to control these risks will not cause problems, especially investing in bitcoin.

[Rockstarguy]

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.

One thing about bitcoin if you see volatility of the dip as a threat, as something you don't deserve or shouldn't happen then it impossible for you to invest and hodl bitcoin. As far as bitcoin is concerned the price will always drop and go up, this is why bitcoin is good when it is longterm investment,  so that when the price falls you just need to wait for it to increase again.  Investing in Bitcoin is about good patience and understanding.  The fall of price is an opportunity to buy more bitcoin,  when it happens like this it means one have to wait for the price to come up.

Investors needs to understand this very well and never to be panic when the price of bitcoin falls because this is the nature of bitcoin. You just need some patience and understanding the fall of price bitcoin don't last forever.

[ultrloa]

Sometimes newbies need to experience to invest for short term and long term since by this they can determine on how they can handle well their investment. Especially if they face certain issues that need to look forward or learn from. Because if they do short cut and just hold maybe they would installed some wrong information in mind that holding is all about positive and 100% sure that they can 100% earn some profit. Since in reality we need to deal with multiple risk especially the volatility if they didn't experience that for sure this new investors will be in bad situation since for sure that they provably don't know what to do and afraid that there money will melt more in value.

For sure long term investment is really good if we base it on statistics, but they need to be a knowledgeable long term investors so that they can make all their plans succeed and all their efforts will be paid off especially if the price of bitcoin would reach for another new all time high or 6 digits in figures which a lot of investors want this to happen.

[Odohu]

The truth is that a lot of us started our Bitcoin investment from the premise of quick profits, the hype and what have you. This comes with great deal of mistakes and learning on the process and those who are able to persevere will usually become smarter and better prepared for any eventuality in the course of the investment. I'm not saying it is the best way to go about Bitcoin because getting the right mindset from the beginning which is understanding that Bitcoin is a long time asset will eliminate some kinds of mistakes that we made as newbies such as selling so soon, FOMO, listening to fud and what have you.

[Razmirraz]

Knowledge is Power for Newbie Investors in understanding the true meaning of investment. Newbies need to improve their mindset when looking for information on this forum after making their first investment, they should look for information first before investing. The thought of wanting to achieve financial freedom through Bitcoin investment in the short term needs to be dispelled because there is no guarantee at all of getting maximum results. They need to set realistic goals with a focus on a long-term mindset, if their interest in investing in Bitcoin is only for short-term financial freedom it will potentially damage their finances more quickly due to not being able to make the right decisions.

[Marykeller]

Funny enough, many newbies have misconceptions of bitcoin, they think that investing in bitcoin brings financial breakthrough on their side, forgetting to note that bitcoin doesn't provide much for someone who's in a haste to make riches out of their bitcoin investment, not ready to wait for so long and above all be patient to hodl through the bearish market without feeling naive of being at the loss side.

Many, have sold their bitcoin at a loss price because nobody breaks down the basics of bitcoin to them. Thanks to this forum, that got many of us enlightened about the concept of bitcoin. Like what should be done and expected in the journey of hodling bitcoin, other than buying at a discount price and sell at high price. At least many of us are using every market situation(bearish or bull run) to our advantage.

[qwertyup23]

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.

Just to add to your story, I remember back in 2017 when the halving happened, the price of BTC jumped from $4,000 to around $19,000 at that time and people started discovering BTC due to various news being spread across all social media platforms. Due to the halving, lot of people invested into BTC without even knowing what it is in the first place. Basically, their FOMO made them invest onto something that they barely new.

Long story short, majority of these people who invested lost their money since the price came down to around $15,000 at that time. The unfortunate thing is, these people who lost their money due to FOMO are the very same people who started spreading fake news on social media platforms saying that BTC is a scam, etc.

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.

The moral of the story- learn the basics first and understand on what you are investing in. If you invest into something without fully understanding what you are buying in the first place, you will most likely cash out your investment sooner resulting to a loss on your part.

Learn and enjoy the process of investing into BTC. Again, investment does not guarantee positive results but if you do your part as a diligent person would do, then expect great things to happen in the near future.