Don't jump into bitcoin investment without understanding it.

[el kaka22]

I can see why ATH would be very important part of our discussion, but so many people still doubt it. New all time high is on its way, I am sure of it, there is no way that we are going to miss it. Do not worry though, even if people worry about these, the upcoming bull will be certain and we are going to make a ton of money from it.

The reality of making money here is apparent and we can't avoid it. People who doubt and regret will continue to do that, they can't just shift their ideas or thoughts instantly, they think we are dropping and not looking good, so they will continue to regret later on when the price goes up. This is just the way things always go, we can't make them see the future. I just ignore them, and keep on buying.

[Sanitough]

It's easy for a newbie to be foolish after hearing of the "massive gains" that Joe and Alice made overnight by buying some Bitcoin, throwing large chunks of their life savings into the volatile market, only to complain that it's a scam and sell when they're panicking about being 5-10% down not long after. Many people had done it in the past, some still do. Thankfully, I think more people are understanding the fundamentals and that it's a long game nowadays.

That’s because they don’t look the possible risk they may have to encounter later, but all they focus is the future profits that they could gain from investing in bitcoin. Greed rules over the required knowledge and basic understanding towards bitcoin. And when they fail and lose their anticipated profits, that’s when they’ll start suspecting bitcoin is a big scam and anyone shouldn’t trust.

[death69]

Patience, strategies, time, knowledge... blah, blah, blah. The laundry list of requirements. Isn't that life? This isn't unique to Bitcoin. You need a strategy to find the cereal aisle at the grocery store these days, so there is not exception here.

So the problem is a lack of agency, a fundamental disconnect. Why are we asking it? Because the system create that, the system tell you to consume, not to understand. People don't think anymore. They react. Bitcoin, nevertheless, is actually pretty simple. Scarcity. Sovereignty. You control your keys, you control your destiny.

But that's terrifying, so is freedom. Most people subconsciously prefer the illusion of security. They don't see the chains.

The irony is, it is not about Bitcoin, it is all about power of choices, your choices. That is the real, inherent value that the system has programmed people to see.

[Kemarit]

I can see why ATH would be very important part of our discussion, but so many people still doubt it. New all time high is on its way, I am sure of it, there is no way that we are going to miss it. Do not worry though, even if people worry about these, the upcoming bull will be certain and we are going to make a ton of money from it.

It's because of the cycle of Bitcoin, and that's not to understand if we look at it. December 2017, October 2021, all time high for us. And with that, we can see the pattern that it will be 2025. We will just have to wait and again, the very basic, patience is the key.

The reality of making money here is apparent and we can't avoid it. People who doubt and regret will continue to do that, they can't just shift their ideas or thoughts instantly, they think we are dropping and not looking good, so they will continue to regret later on when the price goes up. This is just the way things always go, we can't make them see the future. I just ignore them, and keep on buying.

Yes, but making money would have to be delayed at least and just like any other investment there, stocks, gold and others. It will take time before it will mature and when it does, no one can stop us from taking profits. Right now the price is still very good for an investment, so just buy and used DCA. Because at the end of the year the pattern will emerge again and we can only imagine what will be the biggest and all time high for this cycle.

[The Cryptovator]

To be honest, from my experience I can say investment is easier than trading. It would be a Bitcoin investment or an altcoin investment. For Bitcoin investment, definitely you should have proper knowledge about it. Unless you know how Bitcoin price works, then it's impossible to take out your profit from Bitcoin. It's a long time but profitable if you have enough patience.

However, every investor should have a goal. Without a goal, you can't be a good investor.  It's very important to know where you should invest and when you have to take the profit. So you need to set a successful investor.

[Nothingtodo]

Just as if you do not know a mathematical equation or have no prior experience in solving it, the result will be zero, that is, it will be wrong, similarly if you do not have knowledge about investment, you will get zero results by investing. Be it investing, trading or gambling, any field requires some prior experience/knowledge. Without prior experience/knowledge, you will most likely end up losing money in these areas.

[Hyphen(-)]

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.

To invest in Bitcoin looks easy for some people, because they don’t care about learning before investing, maybe because they have someone that has already encouraged them and decided to help them run everything which is very risky and dangerous because they will not understand the concept of Bitcoin investment, and they might not know anything about wallets, keys and addresses, and not knowing all these will lead them to problem because those who helped them to invest will be in control of everything and can take everything away.

However, it is true that it is less risky to invest in Bitcoin than to trade them, but the bottom line is that, in all these be it it trading or investment, you need to learn about Bitcoin, crypto, how it works and also you need knowledge about privacy and security so as to know how to keep your Bitcoin safe.

 Trust no one with your money especially Bitcoin, always lead and know how to maintain your wallet yourself before starting your investment, and most importantly, try and be patient enough because you will get maximum profit if you hold your Bitcoin for long term.

[Ultegra134]

To be honest, from my experience I can say investment is easier than trading. It would be a Bitcoin investment or an altcoin investment. For Bitcoin investment, definitely you should have proper knowledge about it. Unless you know how Bitcoin price works, then it's impossible to take out your profit from Bitcoin. It's a long time but profitable if you have enough patience.

However, every investor should have a goal. Without a goal, you can't be a good investor.  It's very important to know where you should invest and when you have to take the profit. So you need to set a successful investor.

Trading is a much more complicated process that involves constant monitoring of the market and buy/sell orders. Not only do I find it more difficult, but also extremely stressful and time-consuming. Acquiring Bitcoin isn't hard or complicated with centralized exchanges. However, having a clear goal and a vision of what you want to accomplish while maintaining it through time and various market periods is tough.

Yes, it's true that a large number of people get involved due to a false impression of cryptocurrencies. The internet and social media are filled with misleading success stories, or we have an acquaintance who has made money through Bitcoin, and someone will falsely believe if X did it, I can too.

[stadus]

I agree with you, the factors you have mentioned are the important ones not only to make investments in BTC but in all kinds of investments because without understanding the underlying technology and how to keep control on our greed and emotions while making profit or lose, we can't grow in this field and we can't make anything good by investing in BTC or any asset.

Therefore, when we want to invest in BTC, we need patience, and by patience, we mean more than 1 cycle of patience, and right now I am willing for this if everything goes right because it is worth the effort.

As much as we need patience, establishing our knowledge and comprehension on the investment of our choice are the keys on any aspect of investment. Note that, we can’t invest and take the risk, and make possible future profits what we don’t know from the very beginning. Learning and understanding are a must, patience and diligence should develop next in order to create a more safe, secured and profitable investment.

[Orpichukwu]

Just as if you do not know a mathematical equation or have no prior experience in solving it, the result will be zero, that is, it will be wrong, similarly if you do not have knowledge about investment, you will get zero results by investing. Be it investing, trading or gambling, any field requires some prior experience/knowledge. Without prior experience/knowledge, you will most likely end up losing money in these areas.

But it's not that difficult in terms of investing in bitcoin compared to mathematical formulas used in solving different problems. I know if you just have money, you can't just jump into investing in bitcoin without the proper knowledge, but some are still doing it and luckily get what they are looking for and learn other things about what they invested in while they are already investors, which is so different in terms of liking it to mathematical formulas.

[Pi-network314159]

Just as if you do not know a mathematical equation or have no prior experience in solving it, the result will be zero, that is, it will be wrong, similarly if you do not have knowledge about investment, you will get zero results by investing. Be it investing, trading or gambling, any field requires some prior experience/knowledge. Without prior experience/knowledge, you will most likely end up losing money in these areas.

Bitcoin investment is not as you see or think, Bitcoin has two categories which is know the basics which involves learning about wallet and security and getting started immediately after the preliminary stage. While in the other hands technical aspects of Bitcoin, these talks about the technical part of Bitcoin only and you don't necessarily need to know them before starting to invest. Procrastination is dangerous when it comes to investment. So it's good we kill that vibe and start investing than having a negative impression that leeds to a no coiner.

[bhadz]

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.

People have to choose on how they're going to initiate investing into Bitcoin. Because if they keep on doing their research when they have the money and they don't think yet of buying it, that guy will miss a lot of good moments for bitcoin. And with the other one, that just bought bitcoin and then later on helped himself out in DYORing. He's gonna have a better result than the others but we don't tolerate investing without proper research but that latter guy will also understand it just like how OP is saying that he'll adopt that eventually.

[Ever-young]

People have to choose on how they're going to initiate investing into Bitcoin. Because if they keep on doing their research when they have the money and they don't think yet of buying it, that guy will miss a lot of good moments for bitcoin. And with the other one, that just bought bitcoin and then later on helped himself out in DYORing. He's gonna have a better result than the others but we don't tolerate investing without proper research but that latter guy will also understand it just like how OP is saying that he'll adopt that eventually.

That’s why sometimes while you are looking for money to invest in something before the money comes you can start making your research about the thing to save yourself the stress of making that research when you have the money to invest which could lead to missing lot of buying opportunities, but their are times when you hit some money which you didn’t plan for or it comes earlier than expected you can just buy and learn about it later as it can take someone just few minutes of research to get basis’ knowledge of how to buy and later learn other things they need to know why they are already an investor.

[bhadz]

People have to choose on how they're going to initiate investing into Bitcoin. Because if they keep on doing their research when they have the money and they don't think yet of buying it, that guy will miss a lot of good moments for bitcoin. And with the other one, that just bought bitcoin and then later on helped himself out in DYORing. He's gonna have a better result than the others but we don't tolerate investing without proper research but that latter guy will also understand it just like how OP is saying that he'll adopt that eventually.

That’s why sometimes while you are looking for money to invest in something before the money comes you can start making your research about the thing to save yourself the stress of making that research when you have the money to invest which could lead to missing lot of buying opportunities, but their are times when you hit some money which you didn’t plan for or it comes earlier than expected you can just buy and learn about it later as it can take someone just few minutes of research to get basis’ knowledge of how to buy and later learn other things they need to know why they are already an investor.

And we have to be responsible for any action that we do with our money. If we're the type that always does the research then we'll earn it and the same goes for the type that doesn't do it and take actions without prior research. There is so much to learn while searching for things as an investor because not everyone is going to teach us from the very start. We have to experience things so we'll learn from them and we'll be the ones to compare on how it goes being educated and known to the investment that we're taking compared to not.

[Smack That Ace]

People have to choose on how they're going to initiate investing into Bitcoin. Because if they keep on doing their research when they have the money and they don't think yet of buying it, that guy will miss a lot of good moments for bitcoin. And with the other one, that just bought bitcoin and then later on helped himself out in DYORing. He's gonna have a better result than the others but we don't tolerate investing without proper research but that latter guy will also understand it just like how OP is saying that he'll adopt that eventually.

This is the financial market, as long as it is volatile there will always be enough opportunities for us, and that is why we always say: it is never too late to start with bitcoin. So don't be afraid that you will miss the opportunity and rush to jump into the market without knowledge.

An ignorant person and the opportunity to buy BTC at a low can be an advantage but there is no guarantee. What would happen to that guy if the price of bitcoin suddenly dropped even more after he bought it? For those without knowledge, panic selling is inevitable, and is that still considered an advantage? On the contrary, if that guy had knowledge, he could have taken advantage of that opportunity better at that time.

[bhadz]

People have to choose on how they're going to initiate investing into Bitcoin. Because if they keep on doing their research when they have the money and they don't think yet of buying it, that guy will miss a lot of good moments for bitcoin. And with the other one, that just bought bitcoin and then later on helped himself out in DYORing. He's gonna have a better result than the others but we don't tolerate investing without proper research but that latter guy will also understand it just like how OP is saying that he'll adopt that eventually.

This is the financial market, as long as it is volatile there will always be enough opportunities for us, and that is why we always say: it is never too late to start with bitcoin. So don't be afraid that you will miss the opportunity and rush to jump into the market without knowledge.

An ignorant person and the opportunity to buy BTC at a low can be an advantage but there is no guarantee. What would happen to that guy if the price of bitcoin suddenly dropped even more after he bought it? For those without knowledge, panic selling is inevitable, and is that still considered an advantage? On the contrary, if that guy had knowledge, he could have taken advantage of that opportunity better at that time.

Yeah, that's what I am saying that there could be an advantage for someone who didn't do any research at all but just pledged and did invest to Bitcoin. But it's right that there will be no guarantees on them but as long as they're on the right track and they won't be the same like those who have panicked a lot and sold at losses, they're still fine. It's still best to have the balls and at the same time equipped with knowledge and idea on how to invest into Bitcoin so everything is understood and won't take unnecessary decisions.

[retreat]

Want to invest in bitcoin or anything else, you need to understand the characteristics of the investment instrument, don't just put your money in an asset but you don't understand the risks. Moreover, bitcoin tends to be more volatile and its price movements cannot be predicted in the short term, making the wrong decision then the investor will sell their assets at the wrong time causing them to lose money due to their carelessness. Increase your knowledge and read more often, especially if you are a user on this forum, there are some good threads for you to read to increase your knowledge of investing in bitcoin.

[Muba20]

Any investment is risky. No one can say that he can make a sure profit from his investment. If he can do a good research on the investment potentiality, risks and returns, then he can definitely benefit from his investment. In terms of investment, Bitcoin is currently the most attractive investment platform for investors. Some people only love to get returns through Bitcoin investment. But they do not want to understand the risks involved in investing in Bitcoin.

I admit that Bitcoin is definitely the best for investment, but here the investor needs to know some basic things in terms of investment. If after knowing the basic things about Bitcoin, he is able to understand its risks well and if he is able to keep his money for a long time, then Bitcoin investment is definitely a best investment platform for him. There are some who invest without understanding it, and later when the price decreases, they panic and sell Bitcoin. It will definitely be difficult for them to invest.

[hyudien]

Want to invest in bitcoin or anything else, you need to understand the characteristics of the investment instrument, don't just put your money in an asset but you don't understand the risks. Moreover, bitcoin tends to be more volatile and its price movements cannot be predicted in the short term, making the wrong decision then the investor will sell their assets at the wrong time causing them to lose money due to their carelessness. Increase your knowledge and read more often, especially if you are a user on this forum, there are some good threads for you to read to increase your knowledge of investing in bitcoin.

My approach is simple if investing in bitcoin do not focus on market fluctuations because the goal is to collect for the long term if the price is low it is a discount if the price is high it does not matter because I use the DCA strategy.
Risk? everything we do in this life is full of risk take that risk if we want to move forward and two important things are strong finances and holding what we have collected so far to achieve the goal.

[Renampun]

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.

just knowing about bitcoin will not be enough to keep you going when the Bitcoin market is volatile, to stay in Bitcoin, you must have strong faith and experience in Bitcoin.

also change your perspective on bitcoin, however bitcoin is not an asset that can make you rich overnight, getting rich is not something you can get easily in Bitcoin but if you have a long-term view of bitcoin then you will definitely get real wealth, enjoy your journey in Bitcoin, the longer you survive the more resilient you will be in facing the market turmoil that occurs in bitcoin.