Don't jump into bitcoin investment without understanding it.

[kryptqnick]

I believe people generally shouldn't jump into any investments without understanding. Unless they want to gamble on it and are fully prepared to lose everything due to ignorance. That is also acceptable, if it's the kind of money that is insignificant for this person, worthy of having a little fun. In other cases, it is surely better to take some time to understand the basics and perhaps take things slow (like with DCA and small amounts).

[Asiska02]

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.

Hodling bitcoin for 4-10 years depends on how long you’ve decided to hold on to it. The main aim of an investment is to become profitable through it and if the profitability you can get from bitcoin investment within those few years you decide to hold them are okay for you, then you just need to work on your emotions to hold on through the market volatile nature because that’s what you can’t avoid as long as bitcoin is concerned. Emotions, understanding the market, patience are all part of the technique an investor is to learn to become a profitable investor in bitcoin.

[Botnake]

The very basic rule when you come to invest, know your investment well. If you aren’t sure with what you are investing, but only invest because it’s the current trend, you know already that there’s bigger chances for you to lose than to see yourself make gains. That’s very clear, if you don’t understand your investment and how it works, you aren’t investing at all, but definitely you’re gambling on your capital.

[HelliumZ]

Bitcoin is not like the regular investments we often opted in for in the traditional investment settings, this is entirely different from that, we have to make use of our personal ideas in learning more about what bitcoin is and how we could safely invest in it for our own profit, some could go into bitcoin without knowing anything about how it works, then later do they realized they have been wrong for a while.

In most cases, investors who have no knowledge about Bitcoin or lack the ability to analyze it make mistakes when investing in Bitcoin and later have to pay the price for this mistake. This is where most new investors fail: they invest when a coin market is trending and when the market crashes, they panic and sell. However, smart investors invest and hold coins in panic markets, then sell them when the market recovers, take profits, and wait for the next market.

[Issa56]

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 know holding bitcoin is not really a easy task for most people, but you can still choose to make it easy. If you are investing, and your plans is to hold for a long term, then all you should do is make sure you are having other sources of income, make sure you are investing just little amount inside, don’t invest all you having, so that you won’t even up selling when you are in need of money, so instead of buying with all your money, what you are suppose to do is just to use some percentage to buy bitcoin, and leave the remaining amount as emergency funds, incase whenever their is emergency, you have something to fall back to, and you won’t start thinking about bitcoin which you are planning to hold.

[topbitcoin]

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.

The fact that the development of bitcoin continues to expand especially when looking at its current value makes those who know want to be in it regardless of whether they have knowledge or not and fomo like this is not a new thing and can even be said to be commonplace for now considering that from a few years ago fomo like this has always existed even though some of them really want to directly learn bitcoin and some just want to make this a short profit that makes their expectations not match their expectations and consider that this is a scam.

Fomo like this is always commonplace because there are not a few new people who only consider bitcoin as one of the accesses for them to benefit instantly but they don't understand how bitcoin works.
The ideal is that when we want something then we have to research it first but sometimes greed and expectations for instant wealth sometimes make us forget something that should be important.

[Judith87403]

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. unlike trading that if you do a wrong analysis will yield a loss, you don't need all that if you aim to invest in Bitcoin and that is the reason why there is not a lot to learn before getting started in Bitcoin investment. 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.

there's not much to learn with bitcoin investment, just learn the basics, get started and the rest is just your ability to manage your emotions so you can stay invested for the long term.

You're right, bitcoin is very easy to understand than that of trading that requires enough knowledge. However, is just like as you said earlier about deciding if they're to go for the short term or to invest and HODL for Long term. Of course this is why they need to undergo the learning process Because from there they can be able to know that Bitcoin investment is not a get Rich quick scheme, so that to prevent them from having the intention of making quick profit from bitcoin investment.

 Of course as a newbie this are the important things to know about bitcoin investment, because is obvious that most of this New investors that experience lose in bitcoin investment is Because they were not told that bitcoin investment is not something that can profit us within a short term, this is why when they wait for some couple of months without seeing a movement in the price they can decide to sell off there bitcoin regardless to it current value. Because they don't intend to hold it more than that, this is why is very important to let them know that Bitcoin investment is not something that can profit us within a short term.

[WeedGoW]

I liked this tropic. It’s not that easy to invest bitcoin. You have to work hard for that. And you have to achieve all the strategies of investment through hard work. And spend enough time for investment to invest in Bitcoin through recharge. Those who invest in Bitcoin often employ long term. If you want to invest bitcoin, you must have a lot of patience. The qualities you need to properly control for investing are the patience techniques time knowledge and emotion control are very important. To invest in a unstable market like Bitcoin, many people think that bitcoin prices will rise in the long run and will be easy gain but reality is much complicated and difficult. If people who are not familiar with Bitcoin, they will certainly lose money. Because they monitor the Bitcoin movement they will be afraid and sell his bitcoin to damage that fear. It requires a lot of patience and correct techniques.

[lovesmayfamilis]

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

OP, please explain to me one thing: How is your topic different from this topic? 
https://bitcointalk.org/index.php?topic=5535658.0

The same conclusions and the same result.  By creating the same topics for the sake of attracting attention, one can conclude that your topics look like the most ordinary fishing for merits.  Try to open new topics, and diversify their content, since creating spam will not have a positive effect on your reputation and generally harms the forum.

[TheUltraElite]

Understanding how bitcoin works - that would need a deeper knowledge of programming and computer science and its not necessary for investment purposes unless you have serious doubts about bitcoin, I believe decent knowledge about mining, bitcoin network is enough.

Understanding how the market works - that is a completely different mindset and needs to be understood clearly before investing to avoid FOMO and panic when markets rise or dump.

You cant stop the people from just jumping into bitcoin. But I can advice them to not put in money right away but watch the market and learn where the dip happens which is the right point to buy.

[Wind_FURY]

Understanding how bitcoin works - that would need a deeper knowledge of programming and computer science

and its not necessary for investment purposes unless you have serious doubts about bitcoin, I believe decent knowledge about mining, bitcoin network is enough.

Actually no. Basic understanding about the FUNDAMENTALS of Bitcoin does NOT need a person to have deeper knowledge in programming and Computer Science.

The resources here is very basic, and anyone with average IQ will definitely understand it, https://developer.bitcoin.org/devguide/index.html

I believe that the more important part to learn about Bitcoin is its incentive structure and how that keeps everything in the network stick together.

Understanding how the market works - that is a completely different mindset and needs to be understood clearly before investing to avoid FOMO and panic when markets rise or dump.

You cant stop the people from just jumping into bitcoin. But I can advice them to not put in money right away but watch the market and learn where the dip happens which is the right point to buy.

If a person truly understood Bitcoin, then Buy and HODL. Forget the market.

[LDL]

The very basic rule when you come to invest, know your investment well. If you aren’t sure with what you are investing, but only invest because it’s the current trend, you know already that there’s bigger chances for you to lose than to see yourself make gains. That’s very clear, if you don’t understand your investment and how it works, you aren’t investing at all, but definitely you’re gambling on your capital.

Many people often invest in various Shitcoins by watching various news and using people's suggestions. If you do not have enough knowledge about the coins in the market, then you should not invest. Moreover, no one should make any suggestions and should not invest because it is easy to give suggestions but it is very difficult to implement those suggestions in reality. You must first gather investment knowledge, and only then can you invest if you have the willingness and planning to take sufficient risk.

[Y3shot]

I believe people generally shouldn't jump into any investments without understanding. Unless they want to gamble on it and are fully prepared to lose everything due to ignorance. That is also acceptable, if it's the kind of money that is insignificant for this person, worthy of having a little fun. In other cases, it is surely better to take some time to understand the basics and perhaps take things slow (like with DCA and small amounts).

Even in gamble one still needs to gamble with caution by gambling with money that you can afford to lose. People go into imvesment because they think money can be gotten from it so fast with the idea they have towards the investment.  Understanding is very important when it comes to investment,  Understanding makes one to know better of what one is going into , and it also gives one the knowledge of money that is good for one can easily be afford and the risk that is involved with it.

[DanWalker]

Provably people won't get any problem to buy and hold Bitcoin.

The problem would start if they proceed and encounter those unimaginable situation. We know the market is volatile that's why aside from learning those basic things people should consider to know risk management and consider to be resourceful to gather more helpful information for their investment. Because if they didn't take any further action to became more knowledgeable on Bitcoin and just rely on basic things like simple buying and selling for sure they get bother if there's lots of fuds spread and market start to decline.

There's huge chance that they get panic and sell their holding since they don't have any knowledge about what other things needed to do. So before and after jumping out in this investment people should make sure that they would get enough knowledge to help them to became a better investor.

Knowledge is key and extremely important. Each person's wealth is measured by the knowledge they have, I have never seen anyone who can make a lot of money and become rich without a lot of knowledge and experience. This also applies to investing in bitcoin and without exception, the more knowledge and experience we have, the more opportunities we have to make a profit and minimize risks. That is why most of the people who lose money in the market are newbies and those who make big profits are experienced investors.

We don't need to wait to have full in-depth knowledge to start investing in bitcoin but keep learning every day to improve our knowledge and earning ability.

[Natalim]

I believe people generally shouldn't jump into any investments without understanding. Unless they want to gamble on it and are fully prepared to lose everything due to ignorance. That is also acceptable, if it's the kind of money that is insignificant for this person, worthy of having a little fun. In other cases, it is surely better to take some time to understand the basics and perhaps take things slow (like with DCA and small amounts).

Let’s face the reality, no one wants to gamble as long as hard-earned money is concerned. If we want to invest, do a thorough preparation first and learn all the basics prior to investment process. That way, it’s safer to say the rate of avoiding gambling is higher.

Responsible people have prepared and even anticipated what will be the outcome of their investments. They know their investments well, so might as well they’ve known also how to maximize making profits rather than seeing their investment totally failing and at loss.

[Perfectbaby]

We are always seeing Bitcoin investment as something very difficult to handle knowing to well that if you understand how the Bitcoin market works it would be that easier for the investor to invest in Bitcoin without having any thing to worry about, as we know we need to understand how the market works correctly and investments should be made when the market is at dip and anyone who follows that system of investment wouldn't for any day regret investing in Bitcoin.

When the right time is discovered, what follows is having patient, patient is the most important keys on investments and lot of people invest without having patient this makes them sell off their holdings without getting to the right time.

[BenCodie]

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.

But the "massive gains" can't be made during one mere cycle anymore. I truly thought that the current bull market will be like the bull market of 2016 - 2017. But without a pivot to actual Q.E., then the market surges will smaller and shorter.

Although there's some probability of real Q.E., the probability of that not happening is higher if Jerome Powell actually gets his "soft landing".

The law of diminishing returns definitely applies to Bitcoin and can be seen cycle on cycle. This time there's only two options, that a hard landing will cause the opportunity laying in buying low and catching Bitcoin's rebound as the best performing asset following a crash, or, ridiculously more QE sends it much higher after this slight correction. Time will tell!

[taufik123]

The law of diminishing returns definitely applies to Bitcoin and can be seen cycle on cycle. This time there's only two options, that a hard landing will cause the opportunity laying in buying low and catching Bitcoin's rebound as the best performing asset following a crash, or, ridiculously more QE sends it much higher after this slight correction. Time will tell!

So as traders and those who understand Bitcoin and its cycles, we must be able to take advantage of moments like this to make more profits.

I always set up a reserve of money to buy at the most basic price when Bitcoin is really down and there is a lot of selling,
buying with the DCA strategy of collecting more Bitcoin and the top altcoins.

Then when the trend starts to turn more positive, I am sure the increase will be bigger and a new ATH will also be reached.
Just need to be patient and don't give up on the current state of the market.

[MusaPk]

Hodling bitcoin for 4-10 years depends on how long you’ve decided to hold on to it. The main aim of an investment is to become profitable through it and if the profitability you can get from bitcoin investment within those few years you decide to hold them are okay for you, then you just need to work on your emotions to hold on through the market volatile nature because that’s what you can’t avoid as long as bitcoin is concerned. Emotions, understanding the market, patience are all part of the technique an investor is to learn to become a profitable investor in bitcoin.

Bitcoin is not about buying on dip and selling when it goes high. Through this approach you will just get a small profit. If someone want to get real benefit of investing in bitcoin then he has to invest for longer duration and create a strategy about how to invest in Bitcoin for long duration like 5 or more years.

If someone has huge capital then he can invest all at once and then wait for 5 or more years (Lump Sum investment). Not everyone has huge capital to go for Lump Sum investment, for such people best strategy for long term investment is DCA i.e. to invest a small amount every week or month. These investment strategies spread over longer period of time can give you good profit.

[Faisal2202]

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.