The usefulness of having strategy as a bitcoin investor

[Zigabel]

Except for newbies almost every experienced Bitcoin traders and investors knows how important it is to employ a strategy to trade or invest,  trading or investing without a strategy will be as good as donating to the market because most often you may not get lucky enough and you just keep suffering loses but if you have got a strategy with which you follow in which you have your risk and emotional management in place,  you are very likely going to make the best moves and decisions otherwise you may get your fingers burnt at the end of the day as it will feel like you were just gambling.

Not having a strategy with which to approach the market is like planning to fail already even before you start investing or trading but it's still not a guarantee that your strategy will get you the best as they have their pitfalls and no strategy is supreme.

[bitterguy28]

Not having a strategy with which to approach gambling is like planning to fail already even before you start investing or trading but it's still not a guarantee that your strategy will get you the best as they have their pitfalls and no strategy is supreme.

maybe there are people who like to just “go with the flow” or just see what comes up but this can be risky as you will soon find yourself overwhelmed with what is happening in the market

the market is fast paced and volatile and you might miss out on chances if you have no strategy at all

[john_egbert]

Not having a strategy with which to approach gambling is like planning to fail already even before you start investing or trading but it's still not a guarantee that your strategy will get you the best as they have their pitfalls and no strategy is supreme.

maybe there are people who like to just “go with the flow” or just see what comes up but this can be risky as you will soon find yourself overwhelmed with what is happening in the market

the market is fast paced and volatile and you might miss out on chances if you have no strategy at all

It may only work if the said flow would go for 4-5+ years.

Then it would be certain to work out.

[kotajikikox]

   The reason why i emphasized on knowledge is because some people can just pick a strategy foolishly and the strategy may break them later on. It's something that has happened several times, people have lost money because they used a strategy that they thought would work, the strategy was never a bad one, the strategy is good and have worked for other investors but the problem is that, it was not suitable for the person that choose it.

Experience is a good teacher and it will only be evident to you that you have made a mistake once you have lived it already. There is nothing wrong with trying out a strategy and realizing it is wrong. At least you have realized it and you are ready to turn things around.

   But someone that is enveloped with solid knowledge of Bitcoin investment, would also get to decide which strategy will be more suitable and flexible for them, not the one that will be too harsh.

Exactly. This investment journey can't be all good right away. You may do some trial and errors until you find the best one for you. It is important to be flexible and adaptable.

[fikrett]

   The reason why i emphasized on knowledge is because some people can just pick a strategy foolishly and the strategy may break them later on. It's something that has happened several times, people have lost money because they used a strategy that they thought would work, the strategy was never a bad one, the strategy is good and have worked for other investors but the problem is that, it was not suitable for the person that choose it.

Experience is a good teacher and it will only be evident to you that you have made a mistake once you have lived it already. There is nothing wrong with trying out a strategy and realizing it is wrong. At least you have realized it and you are ready to turn things around.

   But someone that is enveloped with solid knowledge of Bitcoin investment, would also get to decide which strategy will be more suitable and flexible for them, not the one that will be too harsh.

Exactly. This investment journey can't be all good right away. You may do some trial and errors until you find the best one for you. It is important to be flexible and adaptable.

It's not wrong to make mistakes, it's wrong to not to learn from them.

I agree with you two

[Cryptohygenic]

so having a strategy as a bitcoiner can help a Bitcoin investor become better and even gain  knowledge and understanding on how he/she can achieve their Financial goal as a Bitcoiner.

There is absolutely no successful crypto investor without a strategic vision of how he/she can maneuver the tendencies to limit risks of lost but minimizes outfits of profitablity which is the prospective reveal of investors goal.
So looking at the volatility margins of bitcoin and other cryptocurrencies, it is clear that the alt coins are highily volatile than bitcoin which means investors mindsets of actualizing their goals would be best rested on investing more of their funds on bitcoin and invests less on the alt coins to curtail the risk of lost as the cryptos especially the meme coins can go pump and dump while bitcoin maintains good values.

[death69]

You covered the basics, but you ignored the deeper wound that every serious Bitcoiner finally faces: the struggle between freedom and fear. Your portfolio isn't the only thing the market can test. It tests your ego, your relationships, your identity, your character. Paper strategies are worthless. What actually dictates your moves is how your gut reacts when the pressure's on.

“Stay informed”, “spread risk”, “develop emotional stamina”. People repeat these as sort of mantras. But do they really know what they mean? Who determines risk in Bitcoin actually? The fiat framework? The volatility graphs? Or is the real risk that you never step outside the monetary plantation?

Most fail because they refuse to face themselves more than because they lack strategy. They never ask: For what exactly am I playing? Security? Freedom? Vanity? Escape? Until that’s clear, every strategy is just dressed-up wishful thinking.

[bitzizzix]

Strategy is one of the most important things in running and achieving definite and profitable goals, strategic management is also a method in setting goals, developing and making plans to achieve targets and this applies to all forms of business or anything including investments that must be done very carefully and must also recognize obstacles or risks so that they can be overcome and also anticipate them if they occur.

Bitcoin is the best choice for investing and also requires a strategy in running it and basic knowledge is a must for investors and recognizing the risks involved and also the psychologists involved in order to minimize and also be calm if all that happens, but I suggest choosing the long term is a good thing and after what I mentioned time will make you a better and more reliable investor to continue learning and developing to achieve extraordinary goals.

[Catenaccio]

Strategy is one of the most important things in running and achieving definite and profitable goals, strategic management is also a method in setting goals, developing and making plans to achieve targets and this applies to all forms of business or anything including investments that must be done very carefully and must also recognize obstacles or risks so that they can be overcome and also anticipate them if they occur.

They started their Bitcoin strategic investment in doubt of the crowd but after several years since the last market cycle, they have been becoming a classic successful model in Bitcoin community. Their strategic investment method can be a new referencing model for many companies and institutional investors with good services, products and customer base. Success in Bitcoin investment will make their customers more happy like Strategy with very good growth of MSTR in stock market.

Bitcoin is the best choice for investing and also requires a strategy in running it and basic knowledge is a must for investors and recognizing the risks involved and also the psychologists involved in order to minimize and also be calm if all that happens, but I suggest choosing the long term is a good thing and after what I mentioned time will make you a better and more reliable investor to continue learning and developing to achieve extraordinary goals.

Bitcoin is a best choice in cryptocurrency market as since 2009, after many years of bull and bear, many market cycles, Bitcoin is still here, don't die and it has been growing up a lot in community, adoption and price as well as value in Bitcoin transaction daily and bigger trading volume in the market.

Altcoins are dangerous and surely not safe for your investment because they are very weak, even scam, and can die or fail very quickly some months or years after their project launches and coin genesis block or TGE.

[KovaBTC]

If you're investing in bitcoin, you really need a good plan whether you're looking to make quick money or aiming for the long haul. Spreading your money across different things can help keep risks low so you dont lose big. Make sure you stay in the loop with what's going on in the market and keep learning new stuff, it'll help you pick better moves. Don't let your feelings get the best of you, selling because you're freaked out or rushing into things can really mess things up. just stick with your plan, make little changes when you need to and you'll have a better chance at reaching your bitcoin money goals.

[Free Market Capitalist]

For me the usefulness is more in having a simple strategy, especially if you are an average Joe investor, as most of us are: DCA, HODL and forget about the ups and downs of the market. People who use other strategies are not the kind of people who go around the forums looking for that kind of advice.

If you're investing in bitcoin, you really need a good plan whether you're looking to make quick money or aiming for the long haul.

To (try to) make a quick buck you don't need bitcoin at all. You'd better go to the casino, it's gonna be quicker.

[john_egbert]

For me the usefulness is more in having a simple strategy, especially if you are an average Joe investor, as most of us are: DCA, HODL and forget about the ups and downs of the market. People who use other strategies are not the kind of people who go around the forums looking for that kind of advice.

If you're investing in bitcoin, you really need a good plan whether you're looking to make quick money or aiming for the long haul.

To (try to) make a quick buck you don't need bitcoin at all. You'd better go to the casino, it's gonna be quicker.

Agreed with the last statement through and through.

BTC is about the long game. Not about making it big in a day or a week or even a year.

[hyudien]

For me the usefulness is more in having a simple strategy, especially if you are an average Joe investor, as most of us are: DCA, HODL and forget about the ups and downs of the market. People who use other strategies are not the kind of people who go around the forums looking for that kind of advice.

This is what I do in investing, it's that simple! I do weekly/monthly DCA and HODL bitcoin for a long period of time. I just think I'm saving without having to look at the current price conditions until my target to accumulate bitcoin is achieved, occasionally I lower the capital if I feel the price is too high and when the price drops that's when I double the capital, I've been doing this for quite a while and I've felt the benefits, what needs to be emphasized is when holding because even though it's easy it turns out to be quite difficult to do.

[FortuneFollower]

For me the usefulness is more in having a simple strategy, especially if you are an average Joe investor, as most of us are: DCA, HODL and forget about the ups and downs of the market. People who use other strategies are not the kind of people who go around the forums looking for that kind of advice.

This is what I do in investing, it's that simple! I do weekly/monthly DCA and HODL bitcoin for a long period of time. I just think I'm saving without having to look at the current price conditions until my target to accumulate bitcoin is achieved, occasionally I lower the capital if I feel the price is too high and when the price drops that's when I double the capital, I've been doing this for quite a while and I've felt the benefits, what needs to be emphasized is when holding because even though it's easy it turns out to be quite difficult to do.

Patience. Knowledge. The faith in the process due to the facts gained from said knowledge.

That's what makes it beautiful to hodl and continue to do it

[Questat]

If you're investing in bitcoin, you really need a good plan whether you're looking to make quick money or aiming for the long haul. Spreading your money across different things can help keep risks low so you dont lose big. Make sure you stay in the loop with what's going on in the market and keep learning new stuff, it'll help you pick better moves. Don't let your feelings get the best of you, selling because you're freaked out or rushing into things can really mess things up. just stick with your plan, make little changes when you need to and you'll have a better chance at reaching your bitcoin money goals.

Whatever investment you wish to take, a good, strategic plan will make it work. Also, you have to be knowledgeable as well on the kind of investment you chose, because in order for a good strategy to be well exercised, knowledge, skill and a lot of patience will definitely play vital roles. You don’t invest if you aren’t familiar  with your investment, same like you can’t put your strategy into application without sufficient knowledge and experience on the kind of investment you have.

[Faisal2202]

As we all know the determination of a bitcoin investor is the achievement through out the bit coin investment , which can either be long-term goals or short term gains .but still having a well taught out strategy can be incredibly  valuable to a Bitcoiner to help understand how much risk an investor is willing to take so by Continuously educating once self a Bitcoin investor can be well developed ,and staying inform with the market news and understanding market structure .

My Goal was to make $10k and I was pretty confident that in the upcoming pumps, I would achieve this as I did not only invested in BTC as I knew with less amount I won't be able to make 5x with BTC so I purchased many ALTs (big mistake here, I bought 12 different alts).

Well, still I am sticking to my plan because I know the second peak is on the way but I also fear the tariff war can make things worse and can also delay the second peak. My last hope is on the second peak and I believe the reason of it will be the approval and addition of 5 different cryptos in the US national reserves, which they would do by selling gold (haha).

The strategy should be updated and modified over time if we do not get the results. I am not doing it right now because, in my opinion, nothing has changed, as crypto is still being adopted, companies are still investing and sooner or later we will have that boom.

[Ruttoshi]

Education is very important in Bitcoin investment, when someone is fully embedded with a solid knowledge about Bitcoin they will of course know the right strategy that will be suitable for them.
   The reason why i emphasized on knowledge is because some people can just pick a strategy foolishly and the strategy may break them later on. It's something that has happened several times, people have lost money because they used a strategy that they thought would work, the strategy was never a bad one, the strategy is good and have worked for other investors but the problem is that, it was not suitable for the person that choose it.
   But someone that is enveloped with solid knowledge of Bitcoin investment, would also get to decide which strategy will be more suitable and flexible for them, not the one that will be too harsh. Depending on your status, you would know which strategy you would be capable to ride along with, the one that can be flexible for you, you picture the risk and advantages and know which is better, that's what's knowledge does. At the end, you would know that what matters is the usefulness of knowledge (education) in Bitcoin because it determine success.

It's important for one to just have only the basic knowledge of bitcoin for him to start his bitcoin investment. This is because you are investing in a long-term since bitcoin investment is not a get rich quick scheme. DCA method is the most easy and effective strategy which gives you the opportunity to be investing and learning at the same time.

It's hard for a noob to be embedded with a solid knowledge of bitcoin within few months, because the devs are busy working on the network to increase the security and add new features which you can be learning as you are investing simultaneously. Remember that you don't have any bitcoin in your possession, so why are you wasting time learning and waiting before investing.

The fact is that without pratical in bitcoin investment, how will you know the best accumulation strategy that will suit your financial strength at that moment. If you are not buying bitcoin, you wouldn't understand what investing and hodli means because experience is the best teacher.

[HONDACD125]

My Goal was to make $10k and I was pretty confident that in the upcoming pumps, I would achieve this as I did not only invested in BTC as I knew with less amount I won't be able to make 5x with BTC so I purchased many ALTs (big mistake here, I bought 12 different alts).

Whether your goal is achievable or not, both with Bitcoin and altcoins, depends on the amount of your investment. If you are investing $2,000 and willing to make it $10k during the next wave of the bull run, that might be possible with some altcoins because we know altcoins generally pump more than Bitcoin because Bitcoin has a higher value, so if Bitcoin goes up 5%, an alt might go up 10% or even 15% because it has a lower value and $1m invested in it will have a greater impact on its price than a million invested in Bitcoin.

That being said, I don't think buying 12 different altcoins is a very bright idea because even though I know that diversification is a good thing, I'm totally against over-diversifying your portfolio because that will only divide your capital in different portions while it might not have much of a difference on your profits at the end. So it's better to choose only a few that are the best and divide the capital among them.

[Ishicryptic]

A Bitcoin investor that is starting out needs to first gain the knowledge of how Bitcoin works, that it is a volatile asset so that they don't panic unnecessarily when it begins to dip. After gaining knowledge of how it works and how to protect your wallet, this is where strategy of how to buy, hold and sell comes in, whether to hold for a short or long term. You can have a strategy to hold for a long term and the best is DCA method, buying periodically, maybe weekly or monthly from your income or profits. You can also choose to buy in lump sum and hodl for a long term. You can have a 4 to 12 years plan or more before you can sell, being focused on your strategy will help you to be committed to your goal because distractions can cause you to sell during dip or when you need to buy luxury items.

[Donneski]

As we all know the determination of a bitcoin investor is the achievement through out the bit coin investment , which can either be long-term goals or short term gains .but still having a well taught out strategy can be incredibly  valuable to a Bitcoiner to help understand how much risk an investor is willing to take so by Continuously educating once self a Bitcoin investor can be well developed ,and staying inform with the market news and understanding market structure .

Understanding the market, staying informed and investing time to learn more about Bitcoin is actually a very good strategy when investing in market because it'll greatly help you in making the right decisions, knowing when to hodl and when to sell when to go for a long term but and when to buy for short term purpose. Apart from this basic strategies, there are other like investing in Bitcoin using DCA, Swing Trading, Trend Following and others. As a Bitcoin investor, it's just very important to be strategic in your trading and investments so you don't end up losing your money instead of gaining