Focus on knowledge, build up belief, then investment plan, success will come.

[Frankolala]

When you spend more time in Bitcoin market, you will read more news about this market and Bitcoin. You will read many criticism or just hilarious and jealous comment that Bitcoin investors got profit because they were lucky.

Ignorance is the reason why people think that Bitcoin investors are lucky. Most of them don't know the level of risk many Bitcoin investors take to see their investments grow over the years. These critics don't realize that many people have also lost money investing in the sector. In fact, I believe that there is nothing called luck in business because anyone who invests is taking a certain level of risk. How many of them will be able to wait for four to eight years for them to take profit from an investment, just a few. They assume that Bitcoin is just a money-doubling scheme where you put in money today and get rich tomorrow.

Risk is what matters the most, most people are not ready to take risk in getting what they want overtime. Instead they believe in quick profit, than to wait patiently and reap in future. Those early bitcoin investors were able to invest in bitcoin then because they took the risk to try something new.

Some people are adamant to try something new, and even till today some people still feel that bitcoin will not survive, and they don't want to invest now. In the next 10 years, these set of people will start saying that people who bought bitcoin at 65k are very lucky. Of which it is right before them now, and they are not buying bout doubting.

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[Ayers]

When you spend more time in Bitcoin market, you will read more news about this market and Bitcoin. You will read many criticism or just hilarious and jealous comment that Bitcoin investors got profit because they were lucky.

Ignorance is the reason why people think that Bitcoin investors are lucky. Most of them don't know the level of risk many Bitcoin investors take to see their investments grow over the years. These critics don't realize that many people have also lost money investing in the sector. In fact, I believe that there is nothing called luck in business because anyone who invests is taking a certain level of risk. How many of them will be able to wait for four to eight years for them to take profit from an investment, just a few. They assume that Bitcoin is just a money-doubling scheme where you put in money today and get rich tomorrow.

Besides ignorance, I think jealousy is a bigger reason why some people think investing and making money from bitcoin is luck. Many people do not want to admit that others are more successful than them, do not want to believe that they are better than themselves, so they will say that we rely on luck when investing in bitcoin.

Agree that the future is unpredictable, but if someone is willing to take risks and accept challenges, daring to step out of their comfort zone, they absolutely deserve to receive great rewards.

[Taskford]

When you spend more time in Bitcoin market, you will read more news about this market and Bitcoin. You will read many criticism or just hilarious and jealous comment that Bitcoin investors got profit because they were lucky.

Ignorance is the reason why people think that Bitcoin investors are lucky. Most of them don't know the level of risk many Bitcoin investors take to see their investments grow over the years. These critics don't realize that many people have also lost money investing in the sector. In fact, I believe that there is nothing called luck in business because anyone who invests is taking a certain level of risk. How many of them will be able to wait for four to eight years for them to take profit from an investment, just a few. They assume that Bitcoin is just a money-doubling scheme where you put in money today and get rich tomorrow.

Besides ignorance, I think jealousy is a bigger reason why some people think investing and making money from bitcoin is luck. Many people do not want to admit that others are more successful than them, do not want to believe that they are better than themselves, so they will say that we rely on luck when investing in bitcoin.

Agree that the future is unpredictable, but if someone is willing to take risks and accept challenges, daring to step out of their comfort zone, they absolutely deserve to receive great rewards.

They tend to follow those successful guys and try to replicate their result no matter what they do. That's why obviously this people will fall into bad schemes especially if they didn't focus to build their selves to become knowledgeable on the career or activity they do. If they could just focus on their selves and try to clap on peoples achievement then focus on their personal growth for sure profit will come to them when their knowledge or skills will help them to excel to other people.

We should never rely on luck on investing on bitcoin since its unsustainable but rather we should focus to build up some great understanding on how certain things move since this could make our move strategize then possibly get more chant to have a good result.

[m2017]

When you spend more time in Bitcoin market, you will read more news about this market and Bitcoin. You will read many criticism or just hilarious and jealous comment that Bitcoin investors got profit because they were lucky.

But the importance of luck can't be denied.

"Focus on knowledge, build up belief, then investment plan, and pray for luck success will come."

Let me emphasize, it is not a comparison about Bitcoin and Gold, but my intention is to share a fact that intelligent investors got profit by their intelligent knowledge and decisions for investments, then good capital management.

All the "intelligent knowledge and decisions for investments" of a "intelligent investors" is to buy bitcoin (not necessarily at the lowest price in the last period), and "good capital management" is just to "just hodl". I'm exaggerating a little, but don't exaggerate the importance of investing in an asset that is constantly growing (in the long term), as if it were an extremely complex action. Even a schoolboy can handle this.

They did not get profit simply because of luckiness. Their profit did not come to them like airdrops without any knowledge and their own serious efforts with time.

What kind of serious efforts are you talking about? About buying bitcoin at the first opportunity and selling it a few years later?

The only effort made is to force yourself to overcome the fear (of unsuccessful investments) and invest in bitcoin, and not continue to discuss the ups and downs from the outside, like most ordinary people.

See two charts and discover a fact that intelligent investors bravely buy in bear markets, when most serious tests on their belief and mentality.

These are not brave investors, but greedy ones. Their greed overshadows their fear.

People say Bitcoin is too volatile but see the chart, and discover that Gold gets a correction about 40% and it needs about 10 years to have another bull run.

Isn't bitcoin volatile? What's been going on in the last week, huh?

Bitcoin and gold are often compared to each other, but I would prefer to separate them into completely different asset classes. Gold is more of a “storehouse of value”, and bitcoin a “tool for increasing value” (this is still the case for now).

Each market has its own cycle and discover powerful effects of holding your bitcoins as you can see there.

In fact, all markets are interconnected, because the same money from the world economy “spins” in them, which “flows” from market to market as in “communicating vessels”.

[Plaguedeath]

Agree that the future is unpredictable, but if someone is willing to take risks and accept challenges, daring to step out of their comfort zone, they absolutely deserve to receive great rewards.

Most people afraid of Bitcoin, while I see Bitcoin as an investment with the lowest risk with high rewards.

Savings, time deposit and ETFs will never beat inflation, holding them will make you poor.
Gold, only protect your wealth.
Stock, can hedge against inflation and give you good rewards if you choose the right company, but any business can fail and make you in lost.
Bitcoin, hedging against inflation and give you high rewards.

[Smartprofit]

Bitcoin holders are people who know how to believe.  
In this situation, faith is not a matter related to religion, but the ability to make good decisions in the face of uncertainty and chaos.  Buying Bitcoin when its price was $1 is much more difficult than when its price was $50,000.  When the price of Bitcoin was just $1, people had huge doubts about whether this financial asset had any future.  At that time, there were certain technical difficulties with storing Bitcoin.  These difficulties were insignificant for people from the IT field with a technical education, but for people in the humanities they could create significant problems.  
It was faith, technical knowledge and open-mindedness that helped early investors buy and hold Bitcoin at a time when the price was still very low.
Old Bitcoin holders are an example for all of us.

[kryptqnick]

I agree that there are better and worse times to invest in Bitcoin, and that there seem to be some sort of cycles here. But with its long-term growth, I also think it's not necessary to get into details and time will set things right. For example, buying at $17k at the end of 2017 can be seen as a mistake, but if a person simply waited for 3.5 years, that's almost 4x profit right there. As for gold, it's growing much slower, so I think it's a good alternative to fiat for savings because fiat loses value over time, but not a very lucrative investment opportunity.

[gunhell16]

When you spend more time in Bitcoin market, you will read more news about this market and Bitcoin. You will read many criticism or just hilarious and jealous comment that Bitcoin investors got profit because they were lucky.

Ignorance is the reason why people think that Bitcoin investors are lucky. Most of them don't know the level of risk many Bitcoin investors take to see their investments grow over the years. These critics don't realize that many people have also lost money investing in the sector. In fact, I believe that there is nothing called luck in business because anyone who invests is taking a certain level of risk. How many of them will be able to wait for four to eight years for them to take profit from an investment, just a few. They assume that Bitcoin is just a money-doubling scheme where you put in money today and get rich tomorrow.

Besides ignorance, I think jealousy is a bigger reason why some people think investing and making money from bitcoin is luck. Many people do not want to admit that others are more successful than them, do not want to believe that they are better than themselves, so they will say that we rely on luck when investing in bitcoin.

Agree that the future is unpredictable, but if someone is willing to take risks and accept challenges, daring to step out of their comfort zone, they absolutely deserve to receive great rewards.

That kind of attitude is actually not good. They should not look at the existence of Bitcoin in this industry as just luck; in fact, it is a matter of choice. There are many who say that they don't know anything about bitcoin, that it is expensive, a scam, not really helpful, or that it is just for getting rich.

But that's where they make a mistake, because if you only conduct proper research, for sure you will be like others who will also see this potential in the future for you to succeed.

[shield132]

Let me emphasize, it is not a comparison about Bitcoin and Gold, but my intention is to share a fact that intelligent investors got profit by their intelligent knowledge and decisions for investments, then good capital management. They did not get profit simply because of luckiness. Their profit did not come to them like airdrops without any knowledge and their own serious efforts with time.

Yeah, I agree with you because there are people who sold it when price barely was some dollars and there are people who didn't sell it until it reached some 10 thousands. Luck plays its role, I can't deny that because there are some other good projects that never reached as big light as Bitcoin did but in overall, it really takes dedication and intelligence to hold Bitcoin for so long.

Their profit did not come to them like airdrops without any knowledge and their own serious efforts with time.

It's not 100% true. People who were holding Bitcoins, got free Bitcoin Cash airdrops and BCH was worth $1000 back then.

People say Bitcoin is too volatile but see the chart, and discover that Gold gets a correction about 40% and it needs about 10 years to have another bull run.

Bitcoin is volatile but in a good way, the price always goes UP.

[lovesmayfamilis]

This is an excellent post that contains everything you need to understand that no success happens by accident. The presence of many qualities in people who successfully own Bitcoins, such as patience, endurance, and good experience, will naturally lead to success. This can be equated to any successful business, because only step by step does a person become more competent in those areas where he is trying to develop his business. If we talk about haste, then in a hurry thousands of stupid mistakes are made, and where people do not learn from mistakes, they get very bitter experiences and conclusions that only the lucky ones are lucky with Bitcoin.

[Kelvinid]

Knowledge, self-confidence, and faith are somewhat important in investing in Bitcoin.
As I remember my early days in crypto, it was really disappointing when you didn't know what to do especially in the time of market corrections. We never know exactly how to position ourselves in different market conditions which I could say is that having knowledge is more advantageous than just guessing. We can't rely on our future and our investment in luck rather than being guided with a plan, faith with our investment, and confidence. It was useless to get into the war without proper planning, much more when it talks about money and investment.

[alexforneus]

DCA is the best and most simple investment plan here in crypto

[yazher]

Our own success will definitely come if we are not to eager to see it coming at the inappropriate time, but before that, we need to build confidence in ourself, this has to do with what we already knows, achieved, and are interested in learning more from, after having this believing kind of mindset, while the next bold step expected of us is to choose an investment plan we desire to make us of, and after all this were meant, then followed success.

That's why patience and perseverance are a must for Bitcoin investors because it is not like any other investment in other industries because of its volatility and constant changes of its prices from higher to lower and mostly we all know, it's going low until bull runs after bitcoin halvings. other people cannot seem to understand that because they are not used to it and they just like to get profit quickly which not gonna come as easy as they think rather it takes time and some other occurrence like halvings and positive stuff in the crypto industry and to wait for that requires a great amount of patience because you only not dealing with those scenarios, you also need to deal with negativity surrounding it caused by hostile groups against Bitcoin.

[btc78]

I argue with people who use the word lucky for early bitcoin investors or any bitcoin investor at all who has accumulated a lot of bitcoin over the years. If anyone is being very honest we would see that these bitcoin investors were in the public telling us to buy bitcoin when it was less than a dollar.

They aren’t lucky unless they were given bitcoin for free lol. Even then whatever they do with that bitcoin would be result of their hard work from extensive research and possibly stressful decision making.

Bitcoin isn’t just about putting in money and then letting it grow over time which a lot of people get wrong. It is a constant process of making the right or best possible decisions

[Cryptoprincess101]

One thing I find out about the reason why some people fails in their investments is fear and lack of proper knowledge on how to apply the right concept in order to achieve a favourable result. Knowledge is power but until you get the right knowledge and apply it right, then your knowledge may not give you that power you desire. A lot of times, investors always feels that the market is all about luck, for sure luck is included but how can you be lucky when you don't apply the right investments practices that will enhance your knowledge about the right approach to manage your investments.

Most successful investors today didn't just jump out from no where and became successful but it took them time, resources, money and they developed quality time to gain the right knowledge and also applied the basic investment strategy before they were able to become genius. Success cannot be achieved on a bed of rose but your determination to succeed will acquaint you with the right knowledge to be applied in other to have successful path.

[$crypto$]

Knowledge is important if it is not based on this, our investment plan will lead to the wrong because at the end it is just a guess without doing any analysis because they themselves do not have knowledge as the basic science.

Comparing Bitcoin and Gold is quite different in terms of volatility, well now there are still many people who believe that gold is the most stable asset the majority of those who do not know the real investment will know that gold is a safe asset that will not go down significantly but takes a long time to go up so when it goes down the recovery is also long.

In contrast, bitcoin has a 4-year cycle where this is what to look forward to, the price has always reached a record for the last 4 cycles, so this is the hope of new investors to enter and invest there, of course this all requires knowledge and analysis with the skills you have.

[tranthidung]

People say Bitcoin is too volatile..

We know who ..

Well, Kudos to Bitcoin Maxis like Natalie Brunell ..

https://www.youtube.com/watch?v=PViqK_N2qIM

Gemini Summarization:

“This video is a debate between Natalie Brunell, a Bitcoin enthusiast, and Peter Schiff, an economist who argues for gold. The debate is about whether Bitcoin or gold is a better investment.

Peter Schiff is funny with his words in the debate on television and he is one of pro-anti-Bitcoin. After many years, many chances missed, he still is very anti-Bitcoin. Does he regret anything, only he knows about it.

I argue with people who use the word lucky for early bitcoin investors or any bitcoin investor at all who has accumulated a lot of bitcoin over the years

Luckiness has its role but is not decisive. If years ago like in 2009, 2010 or 2011, you knew about Bitcoin by any chance, it is lucky. Not all people were lucky enough to be exposed to Bitcoin in its early years.

However what you do after first exposure, is no longer luckiness but it depends on your thinking, belief in future of Bitcoin and your investment action to turn it to profit or fortune years later.

We all just know we can make money from the crypto market, but we don't know how to react according to the market. Without proper knowledge and research, we can't realise the scope of bitcoin investment.

From knowing about strategy to get profit to actually apply that strategy with good discipline and harvest profit for your investment, there are many barriers a long the adventure.

With people who invested in Bitcoin, gambled in Bitcoin in early years, they need to have very strong belief to hold their bitcoins many years. They need to learn fundamentals about Bitcoin private key and are carefully enough to do good and usable backups.

[Blitzboy]

Real power comes from market understanding. Bitcoin isnt lottery tickets. They've done their homework and understand economic cycles to make this strategic play. Those charts you show? Real investors see beyond red. Bear markets offer opportunity for the prepared. Like in business, winners in this game detect trendlines and act when others pause. This is economic intelligence, not luck.

Bitcoin, like gold, tests faith. However, its hardiness distinguishes it. History shows it recovers stronger. Its a fresh approach to money and investment, not just an asset. This is about knowing and controlling the traditional system's shortcomings. Those that get it are creating a future on a new currency, not just a fast cash.

[Y3shot]

Let me emphasize, it is not a comparison about Bitcoin and Gold, but my intention is to share a fact that intelligent investors got profit by their intelligent knowledge and decisions for investments, then good capital management. They did not get profit simply because of luckiness. Their profit did not come to them like airdrops without any knowledge and their own serious efforts with time.

That is why knowledge is always powerful,  knowledge we give you what even your money can't give you. You can have money and decides to trade or invest cryptocurrency but if their is no good knowledge all the money that is is invested can just go as waste. Knowledge is everything one needs to stay relevant in the market, this is what every trader and investors needs to consider as the first thing. Planning to get knowledge first by learning will bring more profit  but when it is neglected and people think of making money quickly,  it won't bring any good instead just waste of money.

[tranthidung]

But the importance of luck can't be denied.

"Focus on knowledge, build up belief, then investment plan, and pray for luck success will come."

Luck is always important for anything, not only for Bitcoin.

All the "intelligent knowledge and decisions for investments" of a "intelligent investors" is to buy bitcoin (not necessarily at the lowest price in the last period), and "good capital management" is just to "just hodl". I'm exaggerating a little, but don't exaggerate the importance of investing in an asset that is constantly growing (in the long term), as if it were an extremely complex action. Even a schoolboy can handle this.

Buy and sell within a range of price, you will invest well by buying around bottom range and taking profit around peak range.

If you approach the market like this for your investment, you will feel less stress and headache. You will not feel regret by missing a bottom price or an all time high because what you aim at is a range for entry and take profit.

These are not brave investors, but greedy ones. Their greed overshadows their fear.

If you spend money to invest, to get profit, you are greedy. It's clear but being greedy must co-exist with safety for your capital. If you can not keep your capital safe, reduce risk to lose it, you will end with empty hands and nothing to do after that.

Isn't bitcoin volatile? What's been going on in the last week, huh?

Did you read carefully?

I did not say Bitcoin is not volatile but I only wanted to say that even gold is volatile, 40% correction is not small but gold price changes slowly and people did not realize it. Crash in Covid-19 announcement is another example on volatility of gold. Stocks are volatile too but if people say Bitcoin is volatile but don't say the same for gold or stocks, they want to mislead newbies.