The best formula when it comes to Bitcoin investment

[TEBTC]

Knowledge + Security + Patience + Discipline = The real deal ( Bitcoin).

Bitcoin accumulation is the next gold rush that is taking over the world especially on the digital space and there are many strategies or formulas that Bitcoin enthusiast can use in accumulating Bitcoin the above formula is a simplified approach or method that anyone who is interested in accumulating Bitcoin can use because when it comes to Bitcoin accumulation these four keys are critical knowledge+security+patience+Discipline= is the real deal because to become a successful Bitcoin investor there are characteristics that are expected of any Bitcoin enthusiast and this formula will be helpful to anyone especially newbies

[Donk1]

When investing in Bitcoin, you don't only need knowledge you need continuous learning because the word Bitcoin might not change but there are some significant changes Bitcoin undergo that we have to be aware of through continuously learning and staying up to date with the market and every other aspect of Bitcoin ,so that we can be able to analyse the market with a well thought out strategy to manage our risk.
 Yes Bitcoin is all about patience, knowledge, security, and discipline, but what really matters is your seriousness in acquiring them so you can be able achieve you goal in Bitcoin. If there is no seriousness, compassion, or the potential to thrive in Bitcoin, an investor can't acquire any of the formula you have proposed.

[Zigabel]

All that you have stated here is a well structured line of taught and I see that it ia one which can be considered an actual line of taught that can get you that which you want in course of investing in Bitcoin, all of these are essentials a few other at times do not pay attention to and mostly end up in a negative which they later classify as been the fault of the investment they mad and never agreeing to taking the blame.

One thing na to know all of these things and another thing na to follow am up as e be make e for help you because sometimes we fit know all of these things but we get the challenge of following them up so we go end up not been able  to actually follow these things d way dem be and some of us go come make mistakes wey be say go make us feel say this thing no dey work meanwhile na just our mistakes dey wori us.

[Youngrebel]

We get enough conversation on dis kind of matter so there was no need for this again, though na different topic and content but di ideas na same . just like saw we dey discuss around the table and we no dey go front. Op though you still dey new in di forum. and di only thing we I go advise u be say make you do research before creating a topic.

examples of how to do it. type the topic you want to create on the search bar at the right top hand and if u no see am, you go fit google am like this,

The best formula when it comes to Bitcoin investment in bitcointalk.org and if u no see am for here too then you can proceed. but if u see am, you only make comment there.

[Btcdeybodi]

Your formula is nice but i think there is something you omitted which is ''buying'' because if you learn those formula without buying then it doesn't make any sense so in that regards i will say that the formula should be arranged this way: Knowledge + buy bitcoin + Security + Patience + Discipline = Goal (achievement). I don't know how you see my arrangement?

In bitcoin investment we are always advised to get a primary knowledge before we buy bitcoin and after buying bitcoin we can now learn various ways of securing our assets then exercise patience to allow our investment to grow, then discipline ourselves in order not to tamper with our hodling then we will achieve the required results in the long term.

[Emjay24]

All good, but what about money, I mean you need a source of income, even if it's not a steady one and very important, you need to identify that you've discretionary income to invest into Bitcoin. Additionally you didn't need much knowledge of Bitcoin to start investing, you learn more about Bitcoin as you advance into your accumulation journey. You need an accumulation strategy and the one that aligns with patience is DCA which allows you build your portfolio patiently with a slow and steady pattern.

Accurate cashflow management practices is also key to investing into Bitcoin since when you can make your cashflow better, you can stay committed and consistent in your accumulation journey.

[Shadiq]

Knowledge + Security + Patience + Discipline = The real deal ( Bitcoin).

Your formula is not yet complete and you must add prudent money. Even a goal setting is important which can find a place in your formula. The formula could be -

Knowledge + Prudent Money + Goal Setting + Security + Patience + Discipline/Consistency = The Real Deal

While every aspect is important here, knowledge and prudent money are the basics, without which it is not possible to start investing. Everything else is an effort to be successful in the long term or to be successful in investing in the long term.

[Mr Reporter]

All that you have stated here is a well structured line of taught and I see that it ia one which can be considered an actual line of taught that can get you that which you want in course of investing in Bitcoin, all of these are essentials a few other at times do not pay attention to and mostly end up in a negative which they later classify as been the fault of the investment they mad and never agreeing to taking the blame.

One thing na to know all of these things and another thing na to follow am up as e be make e for help you because sometimes we fit know all of these things but we get the challenge of following them up so we go end up not been able  to actually follow these things d way dem be and some of us go come make mistakes wey be say go make us feel say this thing no dey work meanwhile na just our mistakes dey wori us.

Most times it very healthy to note the importance of having a well structured approach to investing bitcoin, and acknowledging the knowledge alone is not enough consistent application is key, newbies should so take note on having the mindset of when investing in bitcoin or any other assets it requires a combination of knowledge, discipline and self awareness, and also by acknowledging the potential for mistake and taking step to mitigate them, investors can increase their chances of success.

[Tonimez]

There are ways one can accumulate bitcoin or invest in it, and one of the ways you can do that is by mining it either through Bitcoin mining company or by the use of Bitcoin mining equipment, secondly, you can accumulate bitcoin by buying it through a cryptocurrency exchange.Now when it comes to bitcoin investment there are strategies you can use, and one of the strategies is to buy low and sell high because is always moving up and down, but when you buy high there is likelihood of loosing your money.Furthermore in bitcoin investment you either trade it or hodl , while trading is a short time investment strategy hodl is a long time investment strategy which requires patience.

I can tell you that out of all the available means of owning a bitcoin, Bitcoin mining in recent times is not one of them. Greater percentage of the people here can attest to the ambiguous nature of bitcoin mining which makes it almost impossible to achieve due to many factors and gadgets required for such.

Knowledge + Security + Patience + Discipline = The real deal ( Bitcoin).

Bitcoin accumulation is intentional and starts from the mind as a result of having a prior knowledge of it's existence and accepting to partake in it. Some people have had the opportunity to invest in bitcoin but failed to invest due to unwillingness to do so.

Security in your context should be about exchange and wallets. Getting a good password and keeping your seed phrase very private. This will help to safeguard your bitcoin stash when you finally acquire some.

Buying of bitcoin is good but having the patience to hold it for a long-term is a virtue. So every investor must build his patience and focus his holding for a long-term basis.

You can only be patient enough when you are Disciplined. Discipline is very important when it comes to consistent buying and holding which means that every investor who wants to succeed must be disciplined against premature sales and panic selling.

[SatoPrincess]

This topic is not so different from the one started by Lembo69: Things you need to know before investing in Bitcoin. The crazy thing about the two topics is that they were created on the same day with an hour apart. Tbh I don’t think there is much left to be said here that’s not been said on the other thread, one of the topics will have to be locked to avoid spamming.

[Smartvirus]

Knowledge + Security + Patience + Discipline = The real deal ( Bitcoin).

The best formula for me would remain that, there is no formula at all. All of us no fit just Dey do the same thing, patterns are not always a good way towards security or staying ahead. It makes you completely predictable.

I agree say person need get knowledge and know how to secure their I vestment for Bitcoin but, no be everybody go wan get that patience to hodl am. Na why some persons na traders, them Dey take advantage of the volatile nature of Bitcoin periodically for the market. You just have to know what you are doing and you go profit from your skill.

[Cryptohygenic]

Knowledge + Security + Patience + Discipline = The real deal ( Bitcoin).

All formal stated dey correct to keep safe and successful investors, no doubt.
But I think when we say knowledge, e get Dem all but to elaborate am small, r gud to invest on bitcoin only when we don understand the basics parameters to keep our wallets safe, understand the market dey volatile and keep mindedly prepared towards em up and down trends make we no sell under pressure.
All diz only dey achievable if we fit dey discipline and consistent with how we plan am and understand say long term plans na the best formula to be successful investor.

[ASloveapg]

Knowledge + Security + Patience + Discipline = The real deal ( Bitcoin).

Bitcoin accumulation is the next gold rush that is taking over the world especially on the digital space and there are many strategies or formulas that Bitcoin enthusiast can use in accumulating Bitcoin the above formula is a simplified approach or method that anyone who is interested in accumulating Bitcoin can use because when it comes to Bitcoin accumulation these four keys are critical knowledge+security+patience+Discipline= is the real deal because to become a successful Bitcoin investor there are characteristics that are expected of any Bitcoin enthusiast and this formula will be helpful to anyone especially newbies

The formula mentioned in your comment is significant for new investors. Investing means patience, education and regularity. A successful holder must have patience, knowledge, security and discipline. Most new investors only look at the profit side and rush. When they understand and consider the complete aspects and enter into investment, they will develop a long-term mindset. When someone starts investing with these four qualities in themselves, their investment will become a security in the future.

[laijsica]

Knowledge + Security + Patience + Discipline = The real deal ( Bitcoin).

Bitcoin accumulation is the next gold rush that is taking over the world especially on the digital space and there are many strategies or formulas that Bitcoin enthusiast can use in accumulating Bitcoin the above formula is a simplified approach or method that anyone who is interested in accumulating Bitcoin can use because when it comes to Bitcoin accumulation these four keys are critical knowledge+security+patience+Discipline= is the real deal because to become a successful Bitcoin investor there are characteristics that are expected of any Bitcoin enthusiast and this formula will be helpful to anyone especially newbies

Op you forgot to mention the real ingredient. The provision of discretionary funds is the most important for Bitcoin. The principles you mentioned are correct but there can be confusion about the knowledge issue as new investors may think that they should learn about it before starting investing. This is not the right consideration at all. A new investor does not need much knowledge to deposit Bitcoin. Basic knowledge about Bitcoin is enough to start accumulation but you can increase the scope of study as you continue to deposit.

Making an investment decision by learning about Bitcoin will increase your time wastage and the chances of your investment being delayed further. Especially in the case of Bitcoin investment, not even a single day should be wasted. Basic knowledge about Bitcoin + discretionary funds = great potential future.

[Justbillywitt]

Knowledge + Security + Patience + Discipline = The real deal ( Bitcoin).

I agree say person need get knowledge and know how to secure their I vestment for Bitcoin but, no be everybody go wan get that patience to hodl am.

I no think say this patience op is talking about is not the patience to hodl for long term. I think the patience him dey talk na just quality wey bitcoiners are supposed to get as person wey dey deal with bitcoin. Because even if you be trader, e get sometimes wey you go buy bitcoin for certain price, and you con dey wait make the price add small before you go con sell am. The price no fit go up as you dey expect, instead e go con dip go down small.

You go need get patience make the price go back up at least to the level wey you buy am or your targeted price for sale before you go sell am. If you no get patience, you go sell am for loss as the price drop from your entry point. Na that patience wey Op dey talk about. Wether you dey hold for long or short term, you need get patience.

[fredericktaylor]

Knowledge + Security + Patience + Discipline = The real deal ( Bitcoin).

Bitcoin accumulation is the next gold rush that is taking over the world especially on the digital space and there are many strategies or formulas that Bitcoin enthusiast can use in accumulating Bitcoin the above formula is a simplified approach or method that anyone who is interested in accumulating Bitcoin can use because when it comes to Bitcoin accumulation these four keys are critical knowledge+security+patience+Discipline= is the real deal because to become a successful Bitcoin investor there are characteristics that are expected of any Bitcoin enthusiast and this formula will be helpful to anyone especially newbies

What you said is partly correct, but beginners do not need extra knowledge or more money to start investing in Bitcoin. It is extremely important to have a prudent earning along with some basic vision. Over time, a person can gain specific knowledge about Bitcoin and increase his confidence about Bitcoin as well as become more aware of cash. An emergency fund for three months is needed to make an investment in Bitcoin long-term, because we know something about the unknown dangers of the future, so special funds are very necessary to make an investment successful. We need to invest regularly and be patient for the right time to make an investment successful.

[Yablee0]

Knowledge + Security + Patience + Discipline = The real deal ( Bitcoin).

Bitcoin accumulation is the next gold rush that is taking over the world especially on the digital space and there are many strategies or formulas that Bitcoin enthusiast can use in accumulating Bitcoin the above formula is a simplified approach or method that anyone who is interested in accumulating Bitcoin can use because when it comes to Bitcoin accumulation these four keys are critical knowledge+security+patience+Discipline= is the real deal because to become a successful Bitcoin investor there are characteristics that are expected of any Bitcoin enthusiast and this formula will be helpful to anyone especially newbies

Nice formula stated  but something crucial is still missing out,  constant accumulations of bitcoin : this is also very important in a successful bitcoin investment journey because it keeps you consistent and up-to-date in every given time. You can't be the real baller in the game if you decide settling for less.


However, it is mandatory for every real investor of bitcoin to keep a healthy investment through constant accumulations.

[CryptopreneurBrainboss]

Knowledge + Security + Patience + Discipline = The real deal ( Bitcoin).

Inside the knowledge, there has to be researching and getting familiar with the key things that has to do with investing in Bitcoin. Nobody should just jump into conclusions in investing in Bitcoin without having the right information that'll help you to avoid scams when investing and protection of your assets. No bi to buy Bitcoin because the problem but you go fit safeguard your purchase for the duration of the years wey you go wan hodl. E get people wey dun suffer buy Bitcoin finish but them lose am because of their carelessness or ignorance.  For me oh I no go just write Knowledge but I go spell things out well like Researching as first key point.

[Pablo-wood]

Knowledge + Security + Patience + Discipline = The real deal ( Bitcoin).

Knowledge yes but I don't think it is 100% necessary. We can build on the knowledge of those who have succeeded before us while we  take advantage of the market. For  Security, patience and discipline those  cannot be replaced because they are highly indispensable. This three no one will build them for us we have to consciously inculcate the habit, if possible make it an addict in other to enjoy the real deal.

[Adams0001]

Knowledge + Security + Patience + Discipline = The real deal ( Bitcoin).

The best formula for me would remain that, there is no formula at all. All of us no fit just Dey do the same thing, patterns are not always a good way towards security or staying ahead. It makes you completely predictable.

I agree say person need get knowledge and know how to secure their I vestment for Bitcoin but, no be everybody go wan get that patience to hodl am. Na why some persons na traders, them Dey take advantage of the volatile nature of Bitcoin periodically for the market. You just have to know what you are doing and you go profit from your skill.

Na just the thing be that, we should just invest in bitcoin when you are capable of doing it, because since I know about Bitcoin I don't used any formula to invest in bitcoin because is always unpredictable and if you think they is formula you can used to be profitable in Bitcoin, everyone should have be rich through bitcoin already. Making research about something will make you have knowledge about it. We need patient in anything we are doing because without it we can't achieve our goal for what we are chasing. But we should not invest on something you are not sure off even you are patient for years, you will never get it because is not a real project you invested on. Let was always believe in our self and do what works for us. Some don't used to invest in bitcoin but they trade with it, because they can't be patient to hold for long term and they are getting profits. so if investment didn't work for you, probably you can succeed on trading and get profit like others too.