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

[Yatsan]

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.

Luck will also play a role however investment is different from gambling wherein one's decision making determines profit or success. Decision making on the other hand can be improved through learning or having knowledge of what investment you will be engaging yourself with. In Bitcoin, volatility is obviously present. If you won't be knowldgeable of how prices work,  how events affect the market price, and how market prices move, you'd just panic and make things worse. Gaining knowledge is improving your foundation to make things better in longer perspective or point of view. There is a reason why patience will be always needed, reason why there are issues at this date still, and misconceptions. The only way to deal with is to enrich your knowledge which should be a must especially if you value your money.

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[Ayers]

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.

“only invest what you can lose”, I think you are very familiar with this, and I think there is no asset that is both safe and can bring high returns, including bitcoin.

Just because we are investing in bitcoin and on the bitcoin forum, it does not mean we make unfair judgments. To me everything is proportional, the higher the profit, the higher the risk. If bitcoin really has lower risk than gold or real estate, stocks and brings higher profits. So why shouldn't you or I, everyone, sell all your assets to invest in bitcoin? To put it more interestingly, sell your 1 house and invest in bitcoin, and you will definitely get 10 houses if bitcoin gives you x10 profit, LOL. Bitcoin may be safer than altcoins but still cannot compare to gold or real estate.

[Z-tight]

People who invest in altcoins with their lack of utility and reliance on hype, may depend on luck, i believe to make money from altcoins you have to be lucky, especially luck in buying at the right time.

However, you don't have to rely on luck when buying BTC, it is useful so you know the price can only correct or dump, but it is going to pump again. Now all you have to do is get your investment strategy correctly, stick to it and be willing to be patient, so many people who make mistakes after buying BTC are the short term investors, they want profit fast, so they make the wrong choices.

[tranthidung]

Luck will also play a role however investment is different from gambling wherein one's decision making determines profit or success. Decision making on the other hand can be improved through learning or having knowledge of what investment you will be engaging yourself with.

Learning to gain knowledge, practice to gain experience. Together they will help an investor to have better understanding about the market, price cycle, psychology cycle and fud cycle so that they will become stronger with time. When they have these factors better, they will be less likely vulnerable to fud and will feel more comfortable with investment in Bitcoin.

Important to note that they must have good financial and capital management for their investment and their life beyond investment too.

In Bitcoin, volatility is obviously present.

Volatility is what traders and investors need. Without volatility, we have a dead market.

[harapan]

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.

I can't believe and understand what people see bitcoin as...Since they find it difficult to invest and trust bitcoin because they lack knowledge.That's why they say knowledge is power.
You know its disappointing to see and hear the shits been said about bitcoin,they just wake and assimilate whatever information they receive from other people that despises bitcoin so much and the Internet.

Instead they research about the positive impacts,they'll continue to feed themselves with illegal feedback.Investing in Bitcoin cryptocurrency has its pros and cons and like every other currency,there's advantage and disadvantages.Meanwhile,bitcoin still remains a fast growing assets and its going to be hard to eliminate the currency.

[wiss19]

The reason why some people believe more in Gold than Bitcoin is because they see less volatility in it and there is no doubt about that. If Gold witnesses a bull run once in a decade then it also gets a 40% correction in a long time and doesn't have steep drops like Bitcoin or other cryptocurrencies and even if it does, its investors stay confident because they know it's not going anywhere as it has an existence and has been around for centuries while for Bitcoin, some people don't think this way because of it being only digitally available.

However, you are right that people who invest in them when they are in the bear market do it with a lot of courage and belief because it's not easy to keep holding onto your assets if you see your investment losing value every now and then but if you still keep holding, you deserve what you get at the end.

[Y3shot]

People who invest in altcoins with their lack of utility and reliance on hype, may depend on luck, i believe to make money from altcoins you have to be lucky, especially luck in buying at the right time.

However, you don't have to rely on luck when buying BTC, it is useful so you know the price can only correct or dump, but it is going to pump again. Now all you have to do is get your investment strategy correctly, stick to it and be willing to be patient, so many people who make mistakes after buying BTC are the short term investors, they want profit fast, so they make the wrong choices.

It is not even easy to be lucky when dealing with altcoins,  most times you would want to try to invest in some altcoins but the truth is that it won't give you what you really want. The way people rate altcoins when it comes to profit is not even what it is. Investing in altcoins is just waste of time and I think people are just being deceive of its low value thinking profit can be earned in a short time.  Investing in altcoins is not worth it at all, if you are not you may even end up with a scam coin.

Bitcoin is a good coin to invest in but people found it difficult because they lack the patience to hodl bitcoin,  instead they prefer altcoins because serious desperation of making money so quick.

[South Park]

I can't believe and understand what people see bitcoin as...Since they find it difficult to invest and trust bitcoin because they lack knowledge.That's why they say knowledge is power.
You know its disappointing to see and hear the shits been said about bitcoin,they just wake and assimilate whatever information they receive from other people that despises bitcoin so much and the Internet.

Instead they research about the positive impacts,they'll continue to feed themselves with illegal feedback.Investing in Bitcoin cryptocurrency has its pros and cons and like every other currency,there's advantage and disadvantages.Meanwhile,bitcoin still remains a fast growing assets and its going to be hard to eliminate the currency.

The decentralized nature of bitcoin works against it in this case, since governments can always pay the media to exalt fiat as much as they can, while at the same time they throw mud at bitcoin and its reputation, so many people simply believe what they are told and think about bitcoin not only as a poor investment, even if the evidence shows it is the opposite, but they also think about it as a dangerous technology, however I recommend to you to not care too much about it, as at the end the ones that are missing the chance of a lifetime are them and not us.

[eightdots]

People who invest in altcoins with their lack of utility and reliance on hype, may depend on luck, i believe to make money from altcoins you have to be lucky, especially luck in buying at the right time.

However, you don't have to rely on luck when buying BTC, it is useful so you know the price can only correct or dump, but it is going to pump again. Now all you have to do is get your investment strategy correctly, stick to it and be willing to be patient, so many people who make mistakes after buying BTC are the short term investors, they want profit fast, so they make the wrong choices.

Patience is one of the most important things in investing. In order to be patient, the money remaining from the amount you invested must be sufficient for you to continue your life. Sometimes, even if there is patience, investments can be cashed out before reaching their goal because the necessary resources are not available.

We cannot ignore the luck factor in altcoins, but it is also important to analyze the movements of the market. Many altcoin investors invest wherever the hype is. This causes the team or path of the altcoins to be invisible. So, as you said, we cannot say that there is no relationship between the luck factor and making a profit.

[Zanab247]

Both gold and BTC require knowledge, and for you to achiev what you want in your investment, you need to acquire the knowledge so that it will be easy for you to achieve your goal, and through your knowledge you can believe in your investment because you know that if you sell your coins in the bull run, you will surely make a good profits.

Many people know that bull season use to come some time, for people to earn profits from their investment and to gather a huge amount of money  that will help them to buy BTC when bear season occur, which is the hand work of knowledge, it will help you to last long in your investment .

The knowledge will not allow you to ignore BTC and embrace altcoin in the market because BTC is the king among other cryptocurrencies in the market, and whenever the price of BTC is rising in the market other cryptocurrencies will be struggling to rise in the market.

[AmoreJaz]

Both gold and BTC require knowledge, and for you to achiev what you want in your investment, you need to acquire the knowledge so that it will be easy for you to achieve your goal, and through your knowledge you can believe in your investment because you know that if you sell your coins in the bull run, you will surely make a good profits.

Many people know that bull season use to come some time, for people to earn profits from their investment and to gather a huge amount of money  that will help them to buy BTC when bear season occur, which is the hand work of knowledge, it will help you to last long in your investment .

The knowledge will not allow you to ignore BTC and embrace altcoin in the market because BTC is the king among other cryptocurrencies in the market, and whenever the price of BTC is rising in the market other cryptocurrencies will be struggling to rise in the market.

Knowledge is a powerful tool that someone can use when it comes to deciding what investment is worth to venture into. Without it, would be hard to convince yourself in buying in any of these assets. This is why whether you want to hold some btc or gold, you need to do your own assessment also before keeping one of them or both in your vault.

Just take a very good example in btc - how can someone buy some satoshis if he has no knowledge in buying it? Or how to safely store it? This is why a lot of people are hesitant on this market because mainly of ignorance, not because they don't want it.

[btc78]

Just take a very good example in btc - how can someone buy some satoshis if he has no knowledge in buying it? Or how to safely store it? This is why a lot of people are hesitant on this market because mainly of ignorance, not because they don't want it.

Some people are way too easy to influence and they often do not have any kind of independent thinking. They just follow anyone they think they should. Worse they follow someone who also has not much knowledge of investing. Being unprepared and not having enough knowledge about bitcoin or any cryptocurrency before diving in will surely leave you with losses.

Like they say “By failing to prepare, you are preparing to fail.”

[kotajikikox]

Patience is one of the most important things in investing. In order to be patient, the money remaining from the amount you invested must be sufficient for you to continue your life.

Yup that is why I think the ability of investing does not come to everyone. Even if people say that if you really want it then there must be a way however we know that not everyone is on the same level of freedom when it comes to financial things.

Investment can make you wealthy but you should not sacrifice everything you have because there are still risks of losing you can not ignore.

[tottong]

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.

While gaining profits from luck is the same as gambling, in investment this is not the case because capital, strategy and moments are very decisive.
Investment does not rely on luck but rather on knowledge applied in strategy. Bitcoin is indeed good for investment and it really depends on how we start and without investment capital it cannot be carried out.
Bitcoin's fluctuations are comparable and if people understand its journey then the risk can be minimized because bitcoin always has a repeating cycle, both when the price experiences a decline and in the process of improvement.

[Gladitorcomeback]

Yup that is why I think the ability of investing does not come to everyone. Even if people say that if you really want it then there must be a way however we know that not everyone is on the same level of freedom when it comes to financial things.

Investment can make you wealthy but you should not sacrifice everything you have because there are still risks of losing you can not ignore.

Not every investment can make you rich, so it's the wrong mindset to have when you are investing. Someone should think that they are going to get some profit from their investment but they shouldn't think that their investments are going to make them rich.

A lot of people enter the market with this mindset and this is why they invest their money in high-risk cryptocurrencies such as meme-coins and shitcoins because they believe they have the potential to provide them with a lot of profit in a short period but they ignore the fact that there are more chances of them losing the money.

So it's important to be vary of these facts when making investments.