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Author Topic: Allow Non-investors to discourage you in your Bitcoin journey...?  (Read 179 times)
bSpend
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May 24, 2024, 07:54:09 PM
 #21


What is the best advice you got from your parents that have always been a tool of reference through your journey in life?.
Sorry, while growing up, my parents gave me a lot of advice that right now, I can't even remember any,  Grin, but all things being the same, I get your entire gist, it's a good advice you've shared by the way.
But why would someone ask bitcoin investment advice from someone who has no knowledge of bitcoin? Isnt that awkward? Is like you being blind, and then you ask another blind man to lead you to cross a high way, how successful do you think would be?

People who want to invest in bitcoin can only consult those who are already into the system for advice on how to go about it, this way, they are sure of not making any silly mistakes.

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May 24, 2024, 07:59:40 PM
 #22

     It's simple: if you yourself have an interest in bitcoin, of course you will find a way to find out by conducting research, and when you see the concept and essence of bitcoin, you will see its potential and the reason why people are obsessed with it. Institutional investors are things that can also push you to invest in bitcoin that has real potential.

     Now, if there are others who discourage you because you know what you really saw in Bitcoin and you don't, of course, believe what others say because you are the one who saw gold and not them, then you will believe what they say? It will come out that we are fools in the end.

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Abu-Naim
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May 24, 2024, 08:01:49 PM
 #23

So, why will you take advice from a non-inevestor and become discouraged not to invest into Bitcoin too? The person you are taking advice from doesn't even have a decent knowledge about Bitcoin.
The only thing that should compare you with others in terms of Bitcoin investment should be knowledge and information, anything apart from that you should just avoid advice from anyone.
Cryptocurrency is a journey that you will embark on with your knowledge and not others advice because no one will take responsibility when you lose money.
Learn and gain knowledge first so as not to rely or depend on other people’s advice while trying to invest; and make your you learn how to do your research.

R


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May 24, 2024, 08:04:15 PM
 #24

It's actually funny because OP is asking us as if we already are taking advice from other people from outside the industry when it comes to bitcoin. I never did and still don't.
Back in the day when I first bought bitcoin I didn't really know what it was. Did not have extensive knowledge. I bought it after reading about it for a while, watching videos by people fascinated with it (no, not any pump and dumpers or traders) and kept holding for years. Each bull market filled me up with more and more confidence and so it went. With each bull market (and this is my third one) holding became easier.

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May 24, 2024, 08:12:52 PM
 #25

It's actually funny because OP is asking us as if we already are taking advice from other people from outside the industry when it comes to bitcoin. I never did and still don't.
Back in the day when I first bought bitcoin I didn't really know what it was. Did not have extensive knowledge. I bought it after reading about it for a while, watching videos by people fascinated with it (no, not any pump and dumpers or traders) and kept holding for years. Each bull market filled me up with more and more confidence and so it went. With each bull market (and this is my third one) holding became easier.

someone was trying to discourage him in his Bitcoin investment. probably someone who holds Gold and Silver. people are always comparing whether which one should be held in times of uncertainty. 2024 is a year of uncertainty. i think most of the people who are already holding BTC will keep holding it while people who are heavily into Gold will also be with gold. it doesn't matter these are all investments. the best part is that if you have no gold, it's also not yet late just as you can buy gold as you can also buy BTC.
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May 24, 2024, 08:16:15 PM
 #26

Hmm
It is absolutely right that the majority of newbies often face losing because when they hear about Bitcoin and profit, they become crazy. They think that Bitcoin is also like others  investment assets like an easy investment. Therefore, they starts following the layman, and also takes advice from him, although even the person who's giving them advice does not have any proper experience, he just tells the people that Bitcoin is a good investment asset; just buy it and sell it to earn profit. While people does due to a lack of knowledge and experience, he himself loses his money and also makes other people lose. And later defame Bitcoin saying it is a scam. 
 
So it means to say that before investing in Bitcoin, get knowledge yourself and at the same time get experience and then take a decision for yourself. And one more thing: always invest in those that you can afford to lose.
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Crypt0Gore
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May 24, 2024, 08:32:11 PM
 #27

You are right

But we don't all have someone who is a senior in what we choose to learn, I started crypto investment on my own, there is no single soul out there that I could look up to, many around me advised me to stop wasting my time away, but today they are struggling to survive, now they start considering Bitcoin investment.

It is so true that you should stay away from those who are not into the same thing as you, because they lack the knowledge and all they have for you is discouragement, my Bitcoin successful do affect the way I think about others and their goals, today I will never advise someone to quit their dreams, even if we are not into the same thing, it doesn't mean they won't be successful in what they plan to achieve.

It is Better to surround yourself with people that believe in your dream but if none is available or all those around you don't encourage you, stay away from them and be strong at mind, go big on what you believe in, knowledge is powerful and only achievable with research, never stop acquiring the knowledge.

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Queentoshi
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May 24, 2024, 08:42:56 PM
 #28

Don't allow yourself to be discouraged by someone who is not on same race with you and someone who has never run the race you are about to take.
People who offer you discouraging advice to discourage you from investing most times are people who cannot invest themselves due to lack of the ability to stay committed or to make sacrifices for the future, or because of other reasons that they will never let you know about. The motive behind their bad advice is mostly out of jealousy and not love because if you love someone you never advise them wrongly or give them advise on something you know that you do not have full knowledge about.
On your own side as an individual who has decided to invest, realize that not all financial advice that you receive are good and at the end of the day you need to make sure that you do your own research and know the facts, so that you do not easily take bad financial advice from someone who knows nothing about what they're saying or from someone giving you advice out of jealousy.
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May 24, 2024, 09:26:15 PM
 #29

It's actually funny because OP is asking us as if we already are taking advice from other people from outside the industry when it comes to bitcoin. I never did and still don't.
Back in the day when I first bought bitcoin I didn't really know what it was. Did not have extensive knowledge. I bought it after reading about it for a while, watching videos by people fascinated with it (no, not any pump and dumpers or traders) and kept holding for years. Each bull market filled me up with more and more confidence and so it went. With each bull market (and this is my third one) holding became easier.

Exactly this is is not just any easy task one is embarking on when they want to invest into bitcoin, the thing about it is you need someone who have been in the business to actually guide you and not only that you need his constant advice most at times. This is part of why many investors you will later see selling either at a loss or too only. With someone who has encountered many market corrections will definitely be a source of inspiration for you when you encounter the challenges listed above, having had the experience at in the past you will able to get in depth experience and not just knowledge on how to deal with the stuffs like the bearish period.

It is not even just cryptocurrency or bitcoin situation but overall do not take advice from people who are not in the niche same as yours. People who are not into bitcoin will always dissuade you from investing in it because everyone Always sides with their believe and as such you don’t expect someone who might have been seeing bitcoin as scam as your advisor

R


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May 24, 2024, 09:47:15 PM
 #30

There's this advice my dad gave to me some years back. He called me and say, "my son, if you want to archive success in what ever you do in life, learn to take advice mostly from those that have archived success in the area you are seeking to be successfull. learn from the mistakes of those that tried and fail but don't allow them discouraged you. "

Some people wanted to invest in Bitcoin but took the advice of some one that have not invested into Bitcoin and the person convinced them not to invest.

Some people invested already and where holding their coins but a non investor adviced them to sell their coins and they sold off quickly and regret after the market boom when they have sold off.


IMO, no one is going to ever tell you how to make money, they can say their experience but don't expect them to say what you need to do cause it's your fucking job to decide what you need to do get your success whether financial or in something particular.

Getting advice from others who are into this either successful or failed can give you insights about what are their mistakes and how can you dodge them if it helps but apart from that it is your destiny to find and don't expect to come at you in a gold platter.

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May 24, 2024, 10:33:26 PM
 #31

"Achieve" success.  You probably need to be able to spell it properly before it comes to fruition Smiley   Just messing with ya/giving you a hard time.  That said..my father started teaching me about the stock market from very early on.  Likely around 11-12 years old.  His overall words of advice were to save a certain percentage of your money and to do things like cut coupons, pick up tails facing up pennies on the ground etc.

I have no doubt that if he were still around that he would have been a bitcoin supporter.  I wish he was so that we could discuss it together.

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May 24, 2024, 11:39:12 PM
 #32

I totally understand and acknowledge your words but perhaps they are very true and those are the exact things that ruined most investors life and even outside bitcoin or crypto a lot of people just follow what people around them says without making personal inference to find out whether the masses or the advices are good or not but they go ahead either because of the love of trust they have for those advisers.

On a personal level, one of my favourite advise my dad was "life isn't simple, it's hard and along your journey to success life will throw stones at you but don't you ever throw them back at life but rather pick them up and build a shield for yourself and build a beautiful home out of life. It's applicable to bitcoin journey, you have to face the bear markets, FUDs, SECs etc but have to over come and use them as your story at the end when you finally achieve success.


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