Don't just start BTC investment because of what you heard do your own findings.

[Mrbluntzy]

One can get attracted to Bitcoin based on what they have heard but before investing their hard earned money into anything, not just Bitcoin, but it concerns every other kinds of investment, before one must invest into anything, they have to need to learn about what they are investing on, they need to learn the risk which is very important, if they fail to learn about it, that means they want to learn from whatever bad or good experience they will see.

[|MINER|]

I think in bitcoin investment if we just go for short-term then the investor must know about the trading skills like the professionals for gaining profit. Because bitcoin investment is safe it won't scam us like the shitcoins do but it don't exclude it's volatility. So it won't be able to make good profit if a person don't know about the TA, FA or the others thing in trading most probably these person will face loss.

And here I also think we should goes for bitcoin with little amount but it should be regular with the DCA and also for the long-term. I think in this way even a person just go for bitcoin I think he will definitely own good profit at least it is better from the traditional bank the jail of our assets.

[suzanne5223]

One can get attracted to Bitcoin based on what they have heard but before investing their hard-earned money into anything, not just Bitcoin, but it concerns every other kind of investment before one must invest into anything, they have to need to learn about what is investing on, they need to learn the risk which is very important if they fail to learn about it, that means they want to learn from whatever bad or good experience they will see.

You missed the most important thing. Learning about Bitcoin is not enough, and from my understanding every newbie in the market actually learns one or two things when they join the market but what they lack is an understanding of how things work in the whole Bitcoin space.

Newbies can learn about the whole concept of Bitcoin but if they don't understand how the market works they are still going to lose their hard-earned money. This is what actually happens when newbies have the impression that Bitcoin trading is just buying low and selling high. They never understand that the system is beyond that because they never understand the 4-year cycle, the use of historical data, and market analysis.

[God Of Thunder]

True, but I mentioned using DCA strategy since a lot people use this.

Someone can buy Bitcoin at $5K in 2020 and sold at $60K in 2021, but not many people dare doing that including myself.

Sometimes, DCA also does not take that long to double your investment. I have been doing DCA for the last two years only, and most of my DCA was my signature payment. I consider this DCA because we get paid weekly, right? Yet, I was able to tripple my investment in just two years. My point was that it actually depends on when you started the investment.

Sometimes, your investment could take longer than four years if your most investment was during the bull run. Four years is just an estimated time, but you can expect to double your money in a year or so, depending on the market. 

[Cityhunter34]

Normally as someone that really have a good plans for him self is better you ask question before jumping in something that you don't know how it works. you can not just take because of how your friends tell you about Bitcoin investment and decide to invest without doing your own research. Because anything that have advantage also have disadvantage so for you to be on a saver side is to acquire the basic knowledge first before venturing into Bitcoin investment.

[Queentoshi]

...

You’re absolutely right about the misconceptions surrounding Bitcoin and cryptocurrency investments. Many people hear about someone making a fortune and think they can jump into it and achieve the same results overnight. Before diving into investing in Bitcoin, doing thorough research is really essential. Understanding the technology behind it, as well as the market dynamics, with the potential risks involved also, it can help prevent disappointment later on. Many people start accumulating Bitcoin without realizing that it often requires a long-term perspective. Holding onto your investment through market fluctuations can be challenging, and not everyone is prepared for that.

Bitcoin investment isn’t a guaranteed path to wealth. It requires patience, discipline, and sometimes the willingness to endure market downturns without panicking. Bitcoin or any cryptocurrency can be volatile, so put it in mind that it's not a get rich quick scheme. Educating yourself and understanding the commitment required, can help you make more informed decisions. That way, you won't be misled by the attraction of quick profits and can approach Bitcoin investment with realistic expectations.

[YOSHIE]

Don't just start BTC investment because of what you heard do your own findings.

Yes, maybe these advice can be an afterthought for beginners where if we just hear, find and see, whether it's on social media or in other places is not a good solution to act for Conducting investment activities, where Bitcoin investment is not the same as most people invest in gold or property.

There are many things that can be learned in investing in bitcoin, because the price of bitcoin at one time can go away from what is expected, as well as other systems such as investment/wallet storage Sandi said and so on, because Bitcoin was not noisy like gold, so before investing in Bitcoin, first understand the risks that could occur in the future, so that investment did not lose.

[Dunamisx]

Investment is not made only by our own way of assumption, but we have to know the right thing to do and the straight path to take in other to have what we target on, we should also try to relay on information with other sources, get to know about what is expected of us, make every decision base on our affordability and try not to act in rush before making research and verification on necessary steps to take.

[Stable090]

Some set of people when they here how much someone has gotten from Bitcoin or has made from Bitcoin investment they just want to start thinking they can just go into it and make same amount of money they saw or heard someone made, if you hear something about someone making huge amount of money from Bitcoin investment you need to ask questions and do some research before going into Bitcoin investment because some set of people thinks Bitcoin investment is a Ponzi scheme where you can just start making money so easy.

It’s not only applicable to bitcoin investment; if people are making money through a particular means, that doesn’t mean you should jump into it. Make sure you do your research first before starting it, what works for other people might not really work for you.

Most people that do jump into bitcoin investment without doing proper research about it do end up losing money at the end because they are always getting things wrong, most of them do end up losing money, and after losing money, that’s when they will decide to do research and will get to understand what bitcoin is really all about, so when planning to make an investment, we should make sure we do our research first before putting our money into it, at least have basic knowledge before investing.

[Zanab247]

This topic make me to remember when I was introduced to BTC investment, I was working hard to make sure i save some money that will make me to invest in BTC to turn to a millionaire base on the way they explain the investment to me as a newbie.The moment I bought BTC from the market and hodl in my wallet,  the BTC in my wallet began to reduce that make me to panic why the BTC is reducing in my wallet, and they made me to understand how the hodl work in the industry which are some of the things I will experience from bear run.

Since I begin to carry out my personal research to know more about BTC investment, I don't have such thing in mind, that I want to make millions like other people because I don't know the amount of money they have use to invested in BTC.

[albon]

There is no fast money in this field and in investing in Bitcoin specifically, it depends on the extent of accumulation, patience, and HODL, and buying the dips during bearish markets. That is what will determine the amount of profit that a person can earn in the long term.

On the occasion of what you OP mentioned, I saw a [tweet] today by CZ saying that: "Waiting for the new headline: #Bitcoin "CRASHES" from $1,001,000 to $985,000. Save the tweet."

Anyone who sees this tweet can rush to invest in the hope that Bitcoin will rise to this price, but the right approach is for the person to conduct his research and learn about the nature of Bitcoin and the risks and study the market carefully. No one can predict Bitcoin’s next price, as these are all optimistic expectations, and those who invest must invest with caution and with money that does not affect their livelihood if its value decreases over time.

[Churchillvv]

I think most of these people which you superbitman talks about are those guys who watch some few YouTube videos that advertised how much people have made through bitcoin showing how much luxury people have acquired through bitcoin but in those videos they do not tell people what it takes to be there hence when they get here or anywhere close to the real information they get disappointed but those who are courageous enough continues.

I also agree that we should try to inculcate full information to people who we talk bitcoin to but at some point even after telling what it takes some just blur out the truth you told them but go for only the riches they can get hence they loss themselves into it.

[Tungbulu]

One can get attracted to Bitcoin based on what they have heard but before investing their hard earned money into anything, not just Bitcoin, but it concerns every other kinds of investment, before one must invest into anything, they have to need to learn about what they are investing on, they need to learn the risk which is very important, if they fail to learn about it, that means they want to learn from whatever bad or good experience they will see.

There are people who have lived out their lives just following the crowd and majority, and that’s why they easily get into trouble, because when you fail to conduct your own personal research, you’ll never be aware of the risks involved in that particular venture, you’ll only be working base of blind facts that you’ve been given. One thing about investment is that, in order to get a more effective result, you need to study it and then be able to understand it to the point that you discover and adopt your own strategy that suits very well with your personal financial goals, and not just adopting someone else’s strategy without even knowing their risk tolerance, the size of their capital, size of their backup funds and every other things that should be considered before choosing a strategy. And then in the end, you end up experiencing losses, leaving you with the mindset that it’s an unprofitable investment, while you’re initially the one who failed to do you due diligence.

[Nwada001]

Ignorance is never an excuse for stupidity; anyone who just jumps into investing in bitcoin because they heard about the success story of others who have been holding for long might end up just jumping out of it without making a single profit when they have finally realised that it's not just as easy as they thought.

It's misleading and sometimes even dangerous to draw conclusions from what you had from just one person without doing your own proper research and getting your answers yourself before jumping to conclusions.

[Zackz5000]

If you are talking about the huge amount of money one can make through bitcoin investment please also talk about the sacrifices one has to make so you won't mislead people who don't have knowledge about Bitcoin investment, because accumulating and holding for some years is a sacrifice one has to make in other to succeed in Bitcoin investment.

This advice is not just valid in Bitcoin investment, all businesses need to be studied before investing. All businesses have intricacies and risk, therefore it is important to do an in depth studies to avoid mistakes. Those who want to make instant money from crypto industry should not consider investing in Bitcoin because they will be disappointed. Maybe they should consider ponzi scheme or buying pump and dump coins. And I hope they know the consequence of such highly risky investment.

When it come to bitcoin long term investment it doesn't require getting depth knowledge or going into deep research before starting up your bitcoin investment, it is simply to start bitcoin investment if you already have some basic knowledge concerning Bitcoin investment and you have your discretionary income which is your leftover income ready you can Start up immediately, for you can aswell figure out more things regarding bitcoin investment while you have already started accumulating Bitcoin because there is no you want to know more things concerning bitcoin investment without you not been in the market, waiting to get all knowledge first might lead to procastination or money meant for investment can be used for other things while waiting to find out more about Bitcoin before you start accumulating Bitcoin, the most important thing is to get started and figure other things along the process, with the DCA strategy you can start accumulating Bitcoin gradually either weekly or monthly as the case may be regardless of the price of Bitcoin and hodl .

[Ever-young]

Normally as someone that really have a good plans for him self is better you ask question before jumping in something that you don't know how it works. you can not just take because of how your friends tell you about Bitcoin investment and decide to invest without doing your own research. Because anything that have advantage also have disadvantage so for you to be on a saver side is to acquire the basic knowledge first before venturing into Bitcoin investment.

You are correct, their is an importance in using your own time to make your own research about what you have been introduced to by someone, and the conclusion you get from that personal research which you make will determine if you are to continue and invest or not since you will study and check more of the negative part which someone trying to make you do something won’t tell you about.

[Sambitcoin01]

Some set of people when they here how much someone has gotten from Bitcoin or has made from Bitcoin investment they just want to start thinking they can just go into it and make same amount of money they saw or heard someone made, if you hear something about someone making huge amount of money from Bitcoin investment you need to ask questions and do some research before going into Bitcoin investment because some set of people thinks Bitcoin investment is a Ponzi scheme where you can just start making money so easy.
I know some set of people who created a wallet and started accumulating Bitcoin when they later discovered they need to hold for long period of time they became disappointed and stopped.
So before going into Bitcoin investment try to know about it and how it works don't just start because you heard about someone's testimony.

If you are talking about the huge amount of money one can make through bitcoin investment please also talk about the sacrifices one has to make so you won't mislead people who don't have knowledge about Bitcoin investment, because accumulating and holding for some years is a sacrifice one has to make in other to succeed in Bitcoin investment.

that's true most people don't think of the sacrifice to make when investing in bitcoin that's why you need to make your own research to also know the advantages and disadvantages of investing in bitcoin.