Don't jump into bitcoin investment without understanding it.

[2Pizza410000BTC]

Bitcoin investment is a very risky investment and should never be invested without gaining experience in Bitcoin. There are many who jump into Bitcoin investment without gaining experience in Bitcoin and when the price of Bitcoin drops, they become very weak and panicked and later they start rushing to sell their Bitcoin investment at a loss. Therefore, to always invest in Bitcoin, you need to know about Bitcoin investment and Bitcoin, then you need to invest in Bitcoin and gain experience in how to hold it in the long term.

[albon]

Knowledge, gaining experience , understanding the market, and avoiding impulsive decisions are the best things that help any beginner investor stay committed to Bitcoin investments for long periods. If they can avoid letting fear, uncertainty, and doubt influence their investment decisions, they will eventually be able to achieve their goals.

Additionally, Capital must also be surplus to the investor's needs, and they should not fear losing it if Bitcoin prices drop or enter a bearish phase... Psychological stability and emotional control are important to maintain an investor's position in the market , so they do not panic sell , which could lead to exiting the market with losses. This market is not for weak and shaky hands.

Waiting patientlyُ is also the key to success. For those who feel they are impatient and cannot be patient, investing will be an inappropriate choice, as profitability in Bitcoin depends on the price level at which you buy and sell, and it is a long-term game that may take years. Therefore, Bitcoin is not a magic tool for achieving profit, it must be treated as an investment that involves risks, and one must adapt to this to achieve returns.

[Joy- maker]

If you don't understand bitcoin you we panic and sell in looses.

by understanding this three factors you we invest in bitcoin without fear and panic

Though many we say since you have the funds

you can start investing in bitcoin along the line you we start understanding and adopting to the system

If you are not an English speaker, please take correction. Use the word "will" or "you'll" when writing this post.

alright thanks for the observation, the correction has be taken and corrected, I really appreciate, next time I we be more careful in writing my posts.

[Questat]

While bitcoin can bring us massive profits, but it could also be an instant way to lose all our hard-earned money, that’s how risky bitcoin is. However, in order to lessen the risk, and increase the potentials of profiting, one should only invest when there is sufficient knowledge and understanding on how to manage the risks, on how to maximize patience, and on how to avoid from panicking and high emotions, as they could lead to wrong decision-making that will result into failure and losses.

Now, bitcoin is never a do or die. If you aren’t good with bitcoin, then don’t limit yourself from other investment opportunities, even if it means investing outside the crypto market.

[rodskee]

because starting may not be a problem but holding may be a problem, because you are to hold bitcoin for a long period of time 4 to 10 years or more.

what's too complex to learn about holding your Bitcoin? it is not even about learning a thing but just deciding that you are investing for the long term and that's it.

even if you are just holding i think it is still important that you learn about market movements and fundamentals why is the market moving this way? that way? is this normal? is this not? until when should i keep holding? can i buy more now? should i buy more? and many more questions

I can bet that a novice can learn about Bitcoin investment in less than an hour and get started but it will take a lot of you are considering any form of trading.

i think that would depend on the background of the person

would anyone be able to teach a grandparent who is not up to date with technology about bitcoin in an hour? now that would be a good experiment

[Zaguru12]

I came to understand that, many people jump into bitcoin investment, because they heard bitcoin investment is more profitable and less risky than trading, without knowing that as trading requires funds, and some techniques, bitcoin investment requires even more, bitcoin investment requires funds, patience, strategies, time, knowledge, understanding, emotion control and many more.

If you don't understand bitcoin you will panic and sell in looses. before investing in bitcoin it is very essential to take your time to understand the risks involved, underlying technology and market dynamics, by understanding this three factors you will invest in bitcoin without fear and panic, because fear and panic has hindered many investors from making good profits from bitcoin.

It is definitely way more less risky than trading and things like strategies, time, emotional control and the rest are way more or less attributed to trading majorly than even investing. You need little of this knowledge or skills to actually be a good investor. Investing into bitcoin doesn’t requires many strategies other than buying low and selling at profit, accumulating when there is a dip and you have extra liquidity to spare or simply DCA. It is in trading that technical strategies are even a must have not in investment.

I wouldn’t say bitcoin investment is not risky but in cryptocurrency space I think the safest bet is actually buying and holding bitcoin, going for a long term investment strategy or plan eliminates or minimize risk of loss which is unlike trading or holding other altcoins. As for managing panic and emotions investing what you can afford to lose will take care of that.

Aside this nothing much on holding bitcoin aside again security of your funds by storing them on cold  wallets

[Innocant]

As for managing panic and emotions investing what you can afford to lose will take care of that.

Yes you're right, Bitcoin market is so volatile anyone can get panicked. It's not that easy when you will see that your portfolio is down by 60/70% , which won't occured in stock market. But in crypto market it's normal. Market can crash within a month 10/20% in a flash.



You can see this chart. If your portfolio is down by 50% you need to gain 100% from that position. Those who is new in crypto space they will certainly get panicked. Although 100% profit in crypto isn't something strange but for a normal person that's a lot.

That's why everone is Telling to DCA , and not to invest which you can't lose. The phycology behind this is the gaining and losing proportion of your portfolio. There's also a major draw back you won't find anyone who will teach you to how to trade btc , how to become an investor. We are not given any formal education about it. From childhood we are not taught how to earn money or save money.  Moreover, when we enter our working life, we have to figure this out for ourselves.  Isn't Bitcoin investment complicated?

I think we need a formal education about virtual currency crypto from elementary school. What do you think?

[Zigabel]

For bitcoin I will exclude it, because understanding everything about bitcoin investors need to balance it with direct investment actions. Unlike other cryptocurrencies where every decision needs to be careful, but in Bitcoin as long as you understand long term investment, that's enough. Bitcoin will not disappoint you as long as the main requirements for longterm investment are met. To become a Bitcoin investor, theory alone is not enough buddy, you have to put your faith in it from the start with real action.

Actually you cannot literally understand everything before venturing into the investment of cryptocurrency as the scope is just so broad that you may at some point not even have the patience to wait that long to study and understand before making the move that will be called your investment.  In long term investment Bitcoin has proven to be a smart choice but at the same time it's very important you understand the basics behind its dynamic els you may still not make so much,  understanding the basics and dynamics is one which we cannot afford to neglect,  and ofcourse if you do, in the near future you may need to come back to it as its the bedrock a basis for investment especially in cryptocurrency.

I'm not a fan of bringing so much faith into things like this as I believe faith isn't a room for negligence or "foolishness ". Faith encourages that you do the needful and then stay hopeful for the best of which in this case doing the needful will entail you get the best knowledge necessary and possible and put all of that into your investment plans and wait to see the best you will get from the investment.

[Cookdata]

Though many will say since you have the funds you can start investing in bitcoin along the line you will start understanding and adopting to the system, but less face reality bitcoin investment is not all about how you start, is how you can be able to hold your bitcoin investment for a long period of time, because starting may not be a problem but holding may be a problem, because you are to hold bitcoin for a long period of time 4 to 10 years or more.

I’m not sure if anyone will want to get into Bitcoin without understanding the basic and the preferences about Bitcoin. As far as Bitcoin is concerned, anyone that is active on the internet and knows about financial knows what Bitcoin is about, there is no need to say they are not aware about the things about Bitcoin except for the fact that the security is very essential, getting started with Bitcoin should be a your choice but security concern of your Bitcoin should be your priority.

If you are holding Bitcoin and you don't know how to secure your Bitcoin, holding becomes irrelevant because one day, the Bitcoin you think you are holding might end up into another person hand. The person that never for once put a single penny into your investment will take everything from you. There is high probability that you might even run into scams if you don't learn this things about Bitcoin, always makes sure that you are ahead of scammers and that's through active learning.

[Pandorak]

Long-term investment or short-term trading both require knowledge, all the necessary aspects must be studied in order to increase confidence in the purchased coin (you cannot buy an item without knowing its potential and benefits).

Fundamentals or technicals are needed in analysing the movement of Bitcoin, this is not as simple as buying, buying and then holding in the long run, I can make sure you will experience stress when opening your portfolio which is minus tens of percent and this will affect your psychology.

Even a great investor knows when the right time to enter and exit the market. They will prefer to sell first after any negative news on the market and then buy back at a lower price.

[Ever-young]

In all Op, you did not mention one of the important things which lead to holding for long period of time which is for the investor to have a reserve fund, a cash flow that comes in always which will determine how long the investor will stay without needing the money he have invested in Bitcoin, some people are unable to hold for long as a result of being in the of money and their investment is the only place they can get that money from, not all sell prematurely or under panic some people sell because that’s the only choice they have.

[Patikno]

I came to understand that, many people jump into bitcoin investment, because they heard bitcoin investment is more profitable and less risky than trading, without knowing that as trading requires funds, and some techniques, bitcoin investment requires even more, bitcoin investment requires funds, patience, strategies, time, knowledge, understanding, emotion control and many more.

If you don't understand bitcoin you will panic and sell in looses. before investing in bitcoin it is very essential to take your time to understand the risks involved, underlying technology and market dynamics, by understanding this three factors you will invest in bitcoin without fear and panic, because fear and panic has hindered many investors from making good profits from bitcoin.

Though many will say since you have the funds you can start investing in bitcoin along the line you will start understanding and adopting to the system, but less face reality bitcoin investment is not all about how you start, is how you can be able to hold your bitcoin investment for a long period of time, because starting may not be a problem but holding may be a problem, because you are to hold bitcoin for a long period of time 4 to 10 years or more.

It is true that if we learn about Bitcoin or anything we want to invest in, then we must learn and know what we are going to invest in, otherwise, what happens is the same as gambling. Basically, I also believe that if someone understands Bitcoin, then he will feel confident to keep holding it, even if there is a decrease in its value. So the point is to learn about whatever we are going to invest in, and when you are sure and comfortable, then there will be no panic that will occur as you mentioned.

[Rruchi man]

before investing in bitcoin it is very essential to take your time to understand the risks involved,

Take your time, but don't take too much time.  

because you are to hold bitcoin for a long period of time 4 to 10 years or more.

There is no rule as to how long you should ideally hold your bitcoin, I think. Don't sell quickly before your target, which means you should have a target. Some people's targets are farther than those of others and will take longer.

[Dailyscript]

Bitcoin investment is a very risky investment and should never be invested without gaining experience in Bitcoin. There are many who jump into Bitcoin investment without gaining experience in Bitcoin and when the price of Bitcoin drops, they become very weak and panicked and later they start rushing to sell their Bitcoin investment at a loss. Therefore, to always invest in Bitcoin, you need to know about Bitcoin investment and Bitcoin, then you need to invest in Bitcoin and gain experience in how to hold it in the long term.

Your statement is wrong, you meant to say knowledge not experience. Because the only way an investor can get experience in Bitcoin is if they have started investing in Bitcoin already. So every investment is risky so a newbie in Bitcoin investment should always know the risk associated in Bitcoin and have little knowledge of what to do and what not to do while investing for them to really succeed in it.

[SuperBitMan]

Some newbies go into Bitcoin investment without understanding what bitcoin is all about that is why when they start accumulating and holding and a dip happens along the line they start to panic and some times they even sell off there Bitcoin because of a dip and that is why it is very important for us to understand what bitcoin is all about thereby knowing the history of Bitcoin growth and how Bitcoin functions if we know this before starting, it will guide us, I heard of someone that was investing in Bitcoin and a dip happened because of fear he sold all his Bitcoin but his friend became aggressive in his Accumulation of Bitcoin during that dip and when the dip was over he started to regret selling off his Bitcoin in that dip now his friend understood what bitcoin is all about and that was why he took advantage of the dip without panicking, so it is very important you understand what ever you are going into before starting it because if you don't understand it very well it will be impossible for you to succeed in it but if you understand it very well it will be possible for you to succeed.

[Mrbluntzy]

There's this phrase "if you fail to learn from the mistake of others, you will be a victim yourself" Some people are usually captivated to invest in Bitcoin because of the get rich quick mentality or because of the luxury lifestyle that some investors (trader, perhaps) are displaying online, they see all those lifestyle and are mesmerized to quickly become like them and that what caused them to make some mistakes that other investors have made in the past which they should have taken their time to learn.
For the records, I have read this similar idea on other post countlessly on this forum and on other content and am already awear and wouldn't make such mistakes.

[moneystery]

I came to understand that, many people jump into bitcoin investment, because they heard bitcoin investment is more profitable and less risky than trading, without knowing that as trading requires funds, and some techniques, bitcoin investment requires even more, bitcoin investment requires funds, patience, strategies, time, knowledge, understanding, emotion control and many more.
....

if discussing bitcoin investment, it is actually simpler compared to trading, for example in trading you may need to understand concepts such as timeframe, support and resistance, and many other things, but in bitcoin investment what you need to understand is buy and hold or we call it hodl. this concept emphasizes that buying bitcoin and storing it in the long term is better. this is much easier to understand because an investor can buy bitcoin consistently regardless of the price, and then he can hold it in the long term. all that is needed is patience and away from the noise that the market creates.

[bitzizzix]

You don't have to bother thinking about other people because in the end they will learn, understand and also learn from their mistakes because people will still be interested and motivated if they see Bitcoin's track record and this is what you need to know because whatever the problem Bitcoin adoption continues, develops and also continues to grow by going through all the existing problems which in the end in the long term they will still benefit from Bitcoin.

And in my opinion those who have been in this industry for a long time were initially beginners and must have felt panic, loss and so on. But in the end they are no longer like that because they want to learn and study it well because they have the belief that Bitcoin will provide benefits and what needs to be known is that in the end they know and realize that the long term is the winner. And besides that all the knowledge related to Bitcoin cannot be obtained in school or anywhere except independently to learn and also understand everything well or join a community that can help them become great.

[Joy- maker]

I came to understand that, many people jump into bitcoin investment, because they heard bitcoin investment is more profitable and less risky than trading, without knowing that as trading requires funds, and some techniques, bitcoin investment requires even more, bitcoin investment requires funds, patience, strategies, time, knowledge, understanding, emotion control and many more.

I would say that both trading and investments are almost the same when it comes to their requirements. Patience, strategy and emotional control are also part of trading. They are different yes but they have a whole lot in common. Lots just say that investing and holding is a lot easier than trading because you do not have to monitor the price closely.

If you don't understand bitcoin you we panic and sell in looses. before investing in bitcoin it is very essential to take your time to understand the risks involved, underlying technology and market dynamics, by understanding this three factors you we invest in bitcoin without fear and panic, because fear and panic has hindered many investors from making good profits from bitcoin.

Anyway yes it is important to learn first before you buy bitcoin. Many just dive right into buying bitcoin without exactly knowing what to expect. All they know is that they should earn profit. If they do not, they feel cheated and they will be so quick to label bitcoin as a scam.

I can agree to every other thing you said, but I refuse to concur this one I borded, because you can't tell me that trading I know and investment I know is almost the same, in which aspect? Less set patiance, strategy and emotion control aside, explain to us how trading and investment are almost thesame and name their requirements.

[Sticky Bomb]

If you don't understand bitcoin you will panic and sell in looses. before investing in bitcoin it is very essential to take your time to understand the risks involved, underlying technology and market dynamics, by understanding this three factors you will invest in bitcoin without fear and panic, because fear and panic has hindered many investors from making good profits from bitcoin.

You don't really need to understand all this before investing in Bitcoin, if you're not technical enough, you might spend a relatively longer time trying to understand the technology behind Bitcoin and it would lead to unnecessary time wastage and resulting decision fatigue that may see you not investing after taking such a long time understanding what is not your field. You need to know of the valuable nature of Bitcoin and it's being a valid and profitable investment option.

You can also verify with historic data of it's price appreciation and validate whether it's a good investment option. Another important knowledge is it's volatility so you don't get discouraged when the price swings, but with a long-term investment plan, you can learn to focus more on accumulating as much Bitcoin as possible while learning more about more about Bitcoin as you advance in your accumulation journey.