Balancing Financial security and Bitcoin Accumulation

[Olatundespo]

Every one literally pass through that phase of being a newbie that don’t understand how bitcoin work or the crypto space in a whole .

The truth is that the only way you can under how it work is when you start accumulating, which will encourage you to want to learn more about what you are investing on .

Investing in bitcoin is not easy at all , cause not everyone can stand seeing their asset value depreciating in their wallet . It seems challenging ngl , especially when I was newbie then I usually sell in loss and run thinking I have cut losses (not knowing that’s when I actually made losses ).

Selling now is not smart because you are only going to sell in loss even those that started investing  late last year will still be in losses now , imagine those that brought at price of $120k.

Those who have started with Bitcoin will understand that investing in Bitcoin is not easy. If you start the process of accumulation, it is more difficult to keep it consistent because the market is full of uncertainty. The price fluctuates and the size of your portfolio will fluctuate with the price.

For a new investor the fluctuation of the price of Bitcoin is more frightening because they do not want to see themselves at the risk of losing money because they have less patience. In a literal sense an investor can fulfill his investment expectations if he is patient and accumulate Bitcoin regularly.

During periods of price decline when the portfolio becomes more unhealthy, it is more important for that investor to be consistent because that is the time for you to get bigger your Bitcoin holdings even more.

[Proty]

Those who have started with Bitcoin will understand that investing in Bitcoin is not easy.

I don't think if there is anything difficult in starting investing in bitcoin provided the discretionary income is there . Some people may think that they need to know everything about investing in bitcoin, therefore they view bitcoin investment to be a difficult something. To me I don't see anything that is difficult there,  basic knowledge and and discretionary income then you are good to go . Then every other thing will follow suit as you continue with your bitcoin investment.

[Joeboy]

It is natural for beginners to panic, because they did not believe in Bitcoin enough in the beginning, and that is why they panic at the sight of a little volatility. If they had the right idea and faith about Bitcoin, then they would definitely avoid volatility, but if the price of Bitcoin decreases due to volatility, they would try to buy more. Because a real investor believes that after the fall, Bitcoin will return to an upward trend, and in that upward trend, Bitcoin has the possibility of creating new highs. Therefore, a beginner should first try to understand these things, because it is necessary to have the right idea, otherwise starting completely ignorantly leads to a tendency to make wrong decisions, which can ultimately lead to failure.

What do you mean by- avoid volatility?  I hope you know that Volatility is one of the very central feature of Bitcoin and it is not something that folks can avoid even if they try to... That is why it is best that folks even the newbies always accept this volatility and invest with the mindset that it is real and cannot be avoid... And if anyone is afraid of volatility, then they should very well invest using the amount of discretionary income that they can afford to use.. And with time, experience will teach them that volatility is not something to be scared of, since Bitcoin even with its volatility has done incredibly well in the past by hitting new ATH..

Those who have started with Bitcoin will understand that investing in Bitcoin is not easy.

I don't think if there is anything difficult in starting investing in bitcoin provided the discretionary income is there . Some people may think that they need to know everything about investing in bitcoin, therefore they view bitcoin investment to be a difficult something. To me I don't see anything that is difficult there,  basic knowledge and and discretionary income then you are good to go . Then every other thing will follow suit as you continue with your bitcoin investment.

Sure Bitcoin doesn't need folks to learn about all it's technical part before they can start investing.   Once they have their Discretionary income is available, they can very well kickstart they journey and figure out the rest later... Rather than staying idle, it is infact easier to learn more while already involved with your consistent accumulation..

[Cgrexp]

Every one literally pass through that phase of being a newbie that don’t understand how bitcoin work or the crypto space in a whole .

The truth is that the only way you can under how it work is when you start accumulating, which will encourage you to want to learn more about what you are investing on .

Investing in bitcoin is not easy at all , cause not everyone can stand seeing their asset value depreciating in their wallet . It seems challenging ngl , especially when I was newbie then I usually sell in loss and run thinking I have cut losses (not knowing that’s when I actually made losses ).

Selling now is not smart because you are only going to sell in loss even those that started investing  late last year will still be in losses now , imagine those that brought at price of $120k.

Those who have started with Bitcoin will understand that investing in Bitcoin is not easy. If you start the process of accumulation, it is more difficult to keep it consistent because the market is full of uncertainty. The price fluctuates and the size of your portfolio will fluctuate with the price.
For a new investor the fluctuation of the price of Bitcoin is more frightening because they do not want to see themselves at the risk of losing money because they have less patience. In a literal sense an investor can fulfill his investment expectations if he is patient and accumulate Bitcoin regularly.
During periods of price decline when the portfolio becomes more unhealthy, it is more important for that investor to be consistent because that is the time for you to get bigger your Bitcoin holdings even more.

New investors usually have a weekly budget that they can put into Bitcoin. The amount of that budget should be in line with their overall financial situation. Before starting an investment plan, they should set their own budget and think about how long they will continue to invest. Every new investor should also create their own plan for how much to invest, for how long, and how much budget to allocate each week. Initially, one may plan for 1–2 years, but over time, it is better to consider Bitcoin as an investment for 4–10 years or more. By planning and studying long-term investment in Bitcoin, we can understand not only the market, but also ourselves better. We need to consider how we can fit our lives into holding Bitcoin for four to ten years, whether we invest or hold it. It is important to set a time frame for investing, but it is also important to find a way to get started and a strategy that fits into the long-term investment.

[xiamin]

Those who have started with Bitcoin will understand that investing in Bitcoin is not easy.

I don't think if there is anything difficult in starting investing in bitcoin provided the discretionary income is there . Some people may think that they need to know everything about investing in bitcoin, therefore they view bitcoin investment to be a difficult something. To me I don't see anything that is difficult there,  basic knowledge and and discretionary income then you are good to go . Then every other thing will follow suit as you continue with your bitcoin investment.

Surely. You don't need to be very experienced to invest in Bitcoin. But for those who have not started yet, it is difficult because they cannot find anyone trustworthy around them. New investors have many doubts about reliable sites online. But having the right advisor is a matter of luck for a new investor. For new investors who have come to know about this forum, they can know the strategy of Bitcoin investment and get reliable information about Bitcoin security. If one cannot find a reliable advisor, Bitcointalk Forum is a great place and a sea of ​​knowledge.

[Obulis]

It is very usual for any one to start acting nervously like a human that he is, that's very normal and I don't think their is any problem with that but were comes the problem is were a folks becomes more skeptical due to market prices flautration and sell at lost, it shows that the surposed investor is mentally and emotionally weak and shouldn't be seen or considered as a real time investors but rather a fair weather investor that is only there to take quick profit.

It's a norms for a new investor to panic when the market dips below his entry points because he's new to the whole thing but not to the point of panicking and selling his bitcoin investment at loss during the dip because that's why you have to know the basic knowledge of bitcoin which part of it is that you should invest and hodli for a long period of time.

A new investor can go to any length if he panicked, since he's still new and haven't come to the maturity of both mind and character to persist in holding even when price crashes occurs. It's obtainable in the beginning and investors make some levels of mistakes, but after sometime they understand Bitcoin price volatility more and as well as the cycles and they would have more confidence in their investment, so such fear wouldn't exist in them anymore.

This is why it's important to start buying small early in your investment journey and develop confidence in your Bitcoin journey. Overtime, the investor may choose to be more aggressive in his buys as their confidence levels increases in their investment journey. This is normal, it's better to be progressive in your accumulation journey than rushing in and out.

Really a newbie can mature out of experiencing the market by that develop confidence on Bitcoin. But the other way round, the issue of panic and level of aggression can be fully highlighted during grooming which informs maturity so that experiencing the market becomes a proof of what has been conceived and these makes it easier for the experience to make sense for productive usage.

[I_Anime]

Those who have started with Bitcoin will understand that investing in Bitcoin is not easy.

I don't think if there is anything difficult in starting investing in bitcoin provided the discretionary income is there . Some people may think that they need to know everything about investing in bitcoin, therefore they view bitcoin investment to be a difficult something. To me I don't see anything that is difficult there,  basic knowledge and and discretionary income then you are good to go . Then every other thing will follow suit as you continue with your bitcoin investment.

Yes bitcoin investment is not complex like trading , all that matters is having enough discretionary income to invest (to buy more coin and build up a portfolio).  Investment not something one can do in short period of time I am not talking about the profits aspect I’m literally taking about the time it will take to build up that investment. That’s what bitcoin investment all about , because is not complex doesn’t mean you won’t have to plan well, you will have to plan your spendings and other stuff.  Finding ways to reduce expenditure inorder to build your investment following the right principles will make things even more smoother .

[PhilosopherKing]

Those who have started with Bitcoin will understand that investing in Bitcoin is not easy.

I don't think if there is anything difficult in starting investing in bitcoin provided the discretionary income is there . Some people may think that they need to know everything about investing in bitcoin, therefore they view bitcoin investment to be a difficult something. To me I don't see anything that is difficult there,  basic knowledge and and discretionary income then you are good to go . Then every other thing will follow suit as you continue with your bitcoin investment.

Surely. You don't need to be very experienced to invest in Bitcoin. But for those who have not started yet, it is difficult because they cannot find anyone trustworthy around them. New investors have many doubts about reliable sites online. But having the right advisor is a matter of luck for a new investor. For new investors who have come to know about this forum, they can know the strategy of Bitcoin investment and get reliable information about Bitcoin security. If one cannot find a reliable advisor, Bitcointalk Forum is a great place and a sea of ​​knowledge.

Dont promote a dependency mindset. Dependency leads to laziness and the possibility of getting mislead.

This forum exists to help people learn and make the right decision, yes, but what if this forum never exists and there was no trustworthy advisor to teach newbies. Does it mean that nobody would invest in bitcoin?

Newbies do not have to wait until someone hold their hands before they can investing. What is the function of having eyes if newbies cannot us it to read and do their research. They have to read so they can understand what they are putting their money in.