Long-Term Investment.

[Shadiq]

In modern economics, Bitcoin is steadily establishing its presence. As time goes by, the number of Bitcoin users continues to rise. Although Bitcoin was initially created as a medium of exchange, it has now become one of the most popular assets for investment. In particular, Bitcoin is considered the most reliable and has the highest potential for long-term returns. To gain the maximum benefit from Bitcoin, one should focus on long-term investment planning.

As a novice investor, before starting your investment, you need to make sure of the following:
1. A reliable source of income or an alternative income source.
2. Basic knowledge about Bitcoin and investing.
3. A long-term plan and commitment to long-term investment.

If you can confirm these aspects as a novice, then you should proceed with your investment without hesitation. It would be unwise to wait for the price of Bitcoin to drop before investing. If you do so, you will delay your investment and lose opportunities to buy. In this case, depending on your situation, you can choose your preferred investment strategy from the options available.

Investment strategies:
1. Dollar-Cost Averaging (DCA)
2. HODLing (Hold On for Dear Life)
3. Value Averaging (VA)
4. Buying the Dip
5. Lump Sum Investment

Among the strategies mentioned, an experienced person can manage investments using any method they prefer based on their personal freedom. However, as a novice, I would recommend the DCA strategy and encourage you to invest using DCA. This is because, as a novice without deep knowledge of investing and Bitcoin, you may not be able to use the other strategies correctly. This could lead to making wrong decisions. With DCA, you can choose how much to invest based on your situation, and this method is very easy to follow. In DCA, you consistently buy Bitcoin weekly or monthly, regardless of the market conditions.

After investing, you need to make a solid plan to hold onto your investment for the long term and gain a deeper understanding of long-term holding strategies. While deep knowledge may not be necessary at the beginning, it becomes essential in ensuring the longevity of your investment.

To hold successfully for the long term, you must ensure:
1. Invest with money that is not needed for daily expenses.
2. Prepare backup funds as needed, such as:
   1) Emergency funds.
   2) Reserve funds.
   3) Sufficient cash flow.
   4) Other funds as necessary (name not important).

These funds act as safeguards for your investment. If you invest with proper planning and backup funds, you are less likely to be forced to sell your investment unexpectedly, and this will play a crucial role in helping you reach your investment goals.

[Pablo-wood]

DCA should just be the appropriate strategy for a newbie or novice. We should also highlight that even with DCA one can be greedy with their investments. The sole purpose of DCA is to give investors the opportunity to buy Bitcoin or other crypto assets at different prices over a period of time, but if greed is not watched out for one might want to invest more than they initially planned to at a particular market price.

It is best to first have a plan as an investor  of how much you are willing to invest and the intervals you prefer. Let's say an investor has #200,000 and wants to invest in Bitcoin. First he/she will need to split the money into 5 -  8 places and stay disciplined enough not to allow market sentiment make him/her go against their initial plan. Most times the market can be tricky; such that it will appear to be extremely perfect for investment and might lure a novice into investigating almost 50 - 80 % in a single price and can cost them emotional damage. Lastly never forget to have other sources of income even as we invest our treasures into Bitcoin because the goal is always long term.

[Stepstowealth]

As a novice investor, before starting your investment, you need to make sure of the following:
1. A reliable source of income or an alternative income source.
2. Basic knowledge about Bitcoin and investing.

Knowing where and how to get help in situations where you meet challenges that are bigger than yourself and what you can handle is also very important for you that is a novice in investing. Plenty of people who are new to investing have made big investments mistakes from their very first action simply because they had little access to places where they can ask questions and get answers. This place is a blessing because questions can be asked here, and as a newbie investor being a member of this forum, you should take full advantage of. Many people dey wey never hear of this forum, so na steady mistakes dem dey make.

[Princess Leah]

As a novice investor, before starting your investment, you need to make sure of the following:
1. A reliable source of income or an alternative income source.
2. Basic knowledge about Bitcoin and investing.

Knowing where and how to get help in situations where you meet challenges that are bigger than yourself and what you can handle is also very important for you that is a novice in investing. Plenty of people who are new to investing have made big investments mistakes from their very first action simply because they had little access to places where they can ask questions and get answers. This place is a blessing because questions can be asked here, and as a newbie investor being a member of this forum, you should take full advantage of. Many people dey wey never hear of this forum, so na steady mistakes dem dey make.

The mistake many investors make is going to get informations from random people on the media that mislead them into wrong crypto investment options for instance trading, they buy bitcoin and instead of hodling for a longer period they tend to trading with it thinking their market analysis would help them generate more profits but it always backfires cause trading with bitcoin comes with a very high risk.

 I saw a video of the famous femi kuti being all angry and calling crypto currency a big setup and scam cause his sister lost about #50m to it, truth be told, she made a wrong crypto investment cause if she had invested such amount of money into bitcoin for a full cycle then I don't think he'll be ranting on that video but would rather be seeking knowledge from her concerning the right cryptocurrency to invest on.

 Anyways the forum is an eye-opener when it comes to knowledge about crypto currency at large and the most important thing is that it would teach one about the best coin to invest on which is bitcoin, it's a very big privilege to be here and those who are not opportuned to know this forum are missing a lot.

[Cityhunter34]

As a novice investor, before starting your investment, you need to make sure of the following:
1. A reliable source of income or an alternative income source.
2. Basic knowledge about Bitcoin and investing.

Knowing where and how to get help in situations where you meet challenges that are bigger than yourself and what you can handle is also very important for you that is a novice in investing. Plenty of people who are new to investing have made big investments mistakes from their very first action simply because they had little access to places where they can ask questions and get answers. This place is a blessing because questions can be asked here, and as a newbie investor being a member of this forum, you should take full advantage of. Many people dey wey never hear of this forum, so na steady mistakes dem dey make.

You are absolutely right because as a newbie it's essential to ask questions on anything you are not familiar with, because doing that would going to help you to do the right thing. Actually what most newbie are surfering today in Bitcoin investment is because they always failed to ask questions, without realizing that asking questions is the best way for you to grow. just like our people used to Said that anybody that normally ask questions wouldn't going to miss road, that is the real truth about it, because as a newbie that really wants to invest in Bitcoin asking questions would going to help you hold for a long period of time.

[Gooner0]

I totally agree with you, all this things you've written are like guidelines that I personally feel anybody and everybody should like take note of first before you start investing.

Some people feel you don't necessarily need enough information to invest in Bitcoin, and it pisses me off. I feel like they are sending the wrong message, there are still a lot of members in this forum that know less about investing in Bitcoin. I wish the right messages would be passed!

[Huliya]

To get the most out of your long-term investment in Bitcoin, it is important to invest systematically.

Dollar-cost averaging (DCA) is the safest strategy for new investors because it reduces the impact of market fluctuations and allows for gradual investment. Before investing, it is important to ensure that you have a reliable source of income, basic investment knowledge, and a long-term plan.

You should invest from your surplus funds rather than your daily expenses so that you do not have to sell your investment assets in case of financial difficulties. Having an emergency fund and savings fund play an important role in this regard.

Therefore, if your goal is to achieve long-term profits, you should start investing regularly and patiently increase it over time.

[CryptopreneurBrainboss]

You done talk am finishes and to invest inside Bitcoin and come out with profits no pass within you done talk. This same talk na the talk wey we done dey talk from day one, na just say people no dey gree hear word to follow the advice of their OG that have been here before them.

Them dey enter the market with the mentality say na them sabi pass and the thing they weigh them when them done see say na the advice wey the OGs been dey give them na the main thing.

As for the investing strategy to use, Although the other ones go well but the main one wey be say e dey tested and trusted say you no go regret na DCA.

I no need to go into much detail because e dey self explanatory and another thing na the importance of having additional sources of income so you no go dey depend on the money wey the investment supposed give you and you dey okay even though it takes longer than you expected for you investment to matured into a profit.

[Callido]

All you said are what an early investors needs to put under consideration before starting and building investment goal. The rules are simple, sometimes it requires just our normal human reasoning to help grow our investment, making much learning and discoveries is unnecessary if the investor will not value all he learnt. There are those who would still see all this and decide by themselves to make rash decisions, Bitcoin is not a hell of a deal, just buy and then secure in a safe wallet.

Strategies to apply are many, much is not needed just pick the one that is more convenient, while many may prefer DCA others are still convenient with the lump sum or Dip kind, myself and few people still prefer the DCA, not that we are not going to take advantage of the Dip when it happens, everything should implies lot of smartness.

[Onyeeze]

You dey talk true, like some wey wam invest for bitcoin for long time, wetin you suppose to do is that you go get wetin go dey back you up, like when you want to invest make sure say you invest with the money wey you no really need, but the one wey if you lose for the investment the money will not make you to lose other things wey you get, or the thing is not going to affect you you too much, so some people dey carry every money wey they get and invest and when they lose the money they become hopeless, so investing with your spare money will save you more stress more than any other things, if we dey invest make we invest wetin we can afford to lose.

[Lembo69]

You have said it very nicely, it will be much easier for newbies like me to understand. New investors will also benefit. There are many who always wait for the price of Bitcoin to fall, buy when the price falls and sell when it increases. I think it is right for them to adopt the holding method. Because every investor wants a good result and profit. If someone buys Bitcoin and thinks that he bought it at a high price, what will happen if he cannot sell it at a higher price? Then my advice to him is that the market will go up and down. If you see a small amount and profit in the Bitcoin you bought, then sell it. And buy again from that profit.

[MainIbem]

All you said are what an early investors needs to put under consideration before starting and building investment goal. The rules are simple, sometimes it requires just our normal human reasoning to help grow our investment, making much learning and discoveries is unnecessary if the investor will not value all he learnt. There are those who would still see all this and decide by themselves to make rash decisions, Bitcoin is not a hell of a deal, just buy and then secure in a safe wallet.

Strategies to apply are many, much is not needed just pick the one that is more convenient, while many may prefer DCA others are still convenient with the lump sum or Dip kind, myself and few people still prefer the DCA, not that we are not going to take advantage of the Dip when it happens, everything should implies lot of smartness.

Asides being a good investment option, one good thing Bitcoin would teach people is being patient, lots of people didn't succeed in their diverse forms of business/investment and it's because they were not patient enough to allow it grow, they want quick money and rush into taking profits when it's not due but when it comes to Bitcoin investment, the investor must definitely need to be patient for success to be guaranteed, without that the investor would be making the wrong move and end up in regrets. Well, only impatient people would have informations concerning Bitcoin and it's long-term goal and still choose to take profits within a short period, regrets is mostly the end point though. Anyways, concerning Bitcoin investment strategies, it's obvious that majority who's come to fully understand how Bitcoin operates would prefer to DCA over other strategies since it's very effective when it comes to recovering lose during the dips and maximising profits.

[Shadiq]

You have said it very nicely, it will be much easier for newbies like me to understand. New investors will also benefit. There are many who always wait for the price of Bitcoin to fall, buy when the price falls and sell when it increases. I think it is right for them to adopt the holding method. Because every investor wants a good result and profit. If someone buys Bitcoin and thinks that he bought it at a high price, what will happen if he cannot sell it at a higher price? Then my advice to him is that the market will go up and down. If you see a small amount and profit in the Bitcoin you bought, then sell it. And buy again from that profit.

Mate, you are misinterpreting investment. You are thinking more like a trader than an investor. You should even know that Bitcoin is a bullish asset. The price you call high today will be low tomorrow. You don't have to go too far. At the beginning of last year, Bitcoin was worth only $35k-$40k which many people thought was high. But what do you think of $40k today? Do you still think $40k is high today? No. $40k is a very low price compared to today's price. Most investors would buy for just 1 hour if they were asked for that price. If you plan for the long term, you don't have to worry about the market conditions, you just keep buying and keep buying. Bitcoin's price can play a big role in short-term buying. But you are only trading here which is high risk.

If you plan to become an investor, you need to plan for the long term. For a newbie like you, I would recommend the DCA strategy which creates opportunities for regular purchases. But you must plan for the long term. What you need to do to invest in the DCA strategy is to buy a certain amount continuously depending on your ability. You can freely decide how often you will buy in the DCA strategy, but you need to be careful not to buy more than 4 times a month. Because, you need to be careful that the amount of transaction fee is not high.

[Davidvictorson]

If you don't have a reliable source of income or an alternative income source and gat no plans for it, you should not think of doing any Bitcoin investments. Unless you have rich parents who take care of all your bills and you are a serious person. However, all the people I know that have rich parents are not interested in cryptocurrency. They feel their parents are rich and there will always be money. For the other regular people, get a job first, get knowledge second, then invest thirdly.

[Dee_BlackdAddy]

OP me go advice any investor wey dey invest in BTC to dey commited,DCA now the coco wey go favour both newbie and experience investors wey dey into BTC if only them go fit control there emotions for the long term investment,make them try get another reliable source of income and emergency fund wey go help control there emotions towards there long term vision.

[Josefjix]

I dey always talk am say the best way to successfully run long term investments na when investors gets many sources of income, e dey very hard to get one source and be doing long investment because market is not always positive, so wetin you go turn to when market don red through out.

When considering long term investments again, e dey always best to buy when market don red, that time the opportunity and the privilege to acquire more quantity don open for you, so e no go good to miss out this golden opportunity.

[Yucky]

I dey always talk am say the best way to successfully run long term investments na when investors gets many sources of income, e dey very hard to get one source and be doing long investment because market is not always positive, so wetin you go turn to when market don red through out.

True, even the DCA method to acquire Bitcoin requires a constant source of income. You can't rely on a single source of income to cover all your expenses and still expect to consistently set aside money to buy Bitcoin. You might be able to do that, but you won't be able to acquire much.

Having multiple sources of income helps, as you can dedicate one specifically for acquiring Bitcoin over time.  It helpful for newbees. Just keep buying and buying and forget about getting a return on their investment within the next six months. In fact, if you're using the DCA method, you should aim to buy for at least a one-year stretch, just keep acquiring, profit will come later.

[Odogwu-Blockchain]

If you plan to become an investor, you need to plan for the long term. For a newbie like you, I would recommend the DCA strategy which creates opportunities for regular purchases. But you must plan for the long term. What you need to do to invest in the DCA strategy is to buy a certain amount continuously depending on your ability. You can freely decide how often you will buy in the DCA strategy, but you need to be careful not to buy more than 4 times a month. Because, you need to be careful that the amount of transaction fee is not high.

Wetin concern with buying more than 4 times a month, e no matter weda na everyday buying or not, so long as say na Bitcoin you dey accumulate, no issues on the number of times you buy, even if na 15 times a day, no shaking.

Also transactions fee no matter if you wan dey buy Bitcoin for long term, e go matter when for example you no wan keep your crypto on centralized exchange, where you go dey transfer your bought Bitcoin from cex to dex, na that time fee matters. In case where Bitcoin is built under BSC as in the case on Binance, where you can deposit Bitcoin to trust wallet under Binance smart chain~BEP20 Network to and fro in Binance only, fee no matter for this case as e dry very low compare to raw Bitcoin network, But you go dey careful for that not to make mistakes.

[PremiumcryptoHub]

As a novice investor, before starting your investment, you need to make sure of the following:
1. A reliable source of income or an alternative income source.
2. Basic knowledge about Bitcoin and investing.
3. A long-term plan and commitment to long-term investment.

In fact, it can be very important for every investor to gain a little knowledge i.e basic knowledge about investing in Bitcoin. Even in the early stages, it is much more important for him to arrange discretionary income. We have seen in many cases that investors depend on their income to continue their investments, so those who have a source of income or those who have alternative sources of income they will be able to continue their investment without any pressure.

Moreover, before starting to invest, we need to be interested in holding the investment properly for a long time as planned. Perhaps the greatest success will be achieved from long-term investments. For example,

12 Bitcoin Success Stories: Meet Bitcoin Millionaires

[BitBakerr1]

You have done well by writing all this down, this will really be of great help to a lot of people in this board especially newbies into Bitcoin investment, now I will love to let newbies know what can be of great help to them what can change there mindset and make them succeed in Bitcoin investment which is knowing the history of Bitcoin growth, when I started Bitcoin investment this knowledge really helped me, I knew that Bitcoin is was highly volatile in nature and I saw how Bitcoin was going up and coming down till it got to this current price, with the knowledge of Bitcoin growth you won't be scared when ever Bitcoin falls in price you will have this strong believe in Bitcoin and having this knowledge will always remind you of how big or successful you can be if you keep accumulating and holding consistently unto Bitcoin, this knowledge will give you imagination of holding for a very long period of time, it worked for me so try it.