As a newbie, don't invest what you cannot HODL for long-term

[BitBakerr1]

For me I think the problem Newbies have are poor tutorials about Bitcoins, some person think it's something that you start receiving the interest sharp sharp there investing in what they leave for a long time. I will advice newbies to always seek advice from old hand that have already been in the system, that knows how, when and the amount you can invest as a newbie without looking back. All the same you must discipline yourself to be a good Bitcoin investor, no risk,, no money.

You are correct, newbie really don't understand how bitcoin works and that is why they always make some mistake which are not supposed to be made and the reason they make this mistakes is because they don't have someone that is guiding them through the journey of Bitcoin investment, just like you said some don't even understand that bitcoin investment is a long time investment so they think that bitcoin investment is something they can invest in and get their interest in few weeks, misinformation is the reason why they think so, they were misinformed about bitcoin investment.
Holding your bitcoin for long-term is not a big deal all you have to do is to use your discretional income to invest in Bitcoin when you use your discretional income to invest in Bitcoin you won't have much problem in holding it for a very long time because the money you used is money you won't be needing for a very long time.

[Tonimez]

~

This is a valued suggestion made here, however I think it will be awesome if some other assets that can be traded short term can be suggested too.

Well, I will not tell you what to do with your money at anytime. However, as a newbie who is ready to learn while minding the extent of losses he exposes himself to, you have to be careful of your actions. As a newbie, you're advised to invest in bitcoin and HODL in order to learn and possibly have a conviction to undertake Trades in a less risky way.

This can help a new hodl BTC while business of trading goes on too

How do you mean by trading goes on while you are holding your bitcoin? This idea is not very encouraging because, a newbie still has little knowledge about crypto currency and should not rush into trading any coin without proper understanding. Shitcoins and altcoins are very risky, getting involved in any of them can land you on great losses with your inexperience. I would advise to be patient and give your self time to learn before rushing into trading of any kind.

[Mpamaegbu]

As a newbie to bitcoin investment it is very important to invest only what you can be able to HODL for a long-term of at least 4 to 10 years period.

Haaba, na punishment u wan give dem be dat na. You supposed know sey every newbie wey enta dis industry, na bc of palatable news of how people dey make am sharp sharp investing in cryptos; right? You know sey dem too go dey in a hurry to taste dat money too, and u com dey preach to dem to wait dat long? Even me wey dey here, I not fit leave my Bitcoin pass one circle wey be four years. I go take profit and then rebuy wen market red again. E beta to take profit dat way than leave am to dip and persin lose unrealized profit for table to vanish again.

[Yorubek]

Bitcoin prices can suddenly pump and rapidly dump, so those who invest should definitely plan for the long term. Generally, when investing in Bitcoin, you should only use the money you can afford to lose so that you don't panic and try to sell it when the price drops. There are many investors who, if the price drops slightly, try to sell the Bitcoins under their control and later face losses. If the investment cannot be made for the long term, then keeping that investment will increase the possibility of loss. Therefore, before investing, you should definitely consider your own financial situation and invest in Bitcoin only if it is possible to hold it for the long term.

DCA strategy can benefit you greatly so that you do not stop investing in Bitcoin in this price volatility. A consistent accumulation strategy through discretionary income. The fear of losing valuable invested capital can make you anxious or it can be very difficult to choose the right time to buy. To avoid these investment volatility, long term Bitcoin in the DCA strategy can be an effective direction for you. People who are tempted to withdraw Bitcoin during price drops are mainly short term traders. They miss out on huge opportunities for small profits. It goes without saying that long term Bitcoin holdings reduce the UP in the portfolio.

Do not be afraid of rapid declines or increases in price. It would be wise to stick to long term investments by considering financial capabilities rather than being emotional about Bitcoin accumulation.

By using the DCA method, you do not need to invest a lot of money at once to buy Bitcoin, so there is no risk of investing a lot of money at once. By investing gradually and consistently, you can accumulate more Bitcoin. People who are patient can always achieve success, so if we patiently follow the right rules and hold Bitcoin for the long term, it is possible to protect ourselves from inflation and also have the possibility of getting money in a significantly larger range.

[Agbe]

You hit the nail at the Head. newbies are new to the crypto environment at such they are not well informed about the technicalities of what crypto really entails not to talk about hodling for a long term. So nothing should warrant a newbie to use his money that is budgeted for to invest into crypto because it's not advisable as most newbies regret from investing in Bitcoin without there money and because they are not well enlightened about crypto is got disappointed when they don't get want they on the short term.

[I_Anime]

As simple as that you should not invest what you can’t hold for long even as newbies or old investor because at that moment you are no longer investing you are just gambling because you won’t be able to hold for long because is funds you will eventually run to with time .

So to avoid such just invest weting you know say your capacity reach nor go do pass your self make u nor go messed up your investment.

[Tonimez]

As a newbie to bitcoin investment it is very important to invest only what you can be able to HODL for a long-term of at least 4 to 10 years period.

Haaba, na punishment u wan give dem be dat na.  I go take profit and then rebuy wen market red again. E beta to take profit dat way than leave am to dip and persin lose unrealized profit for table to vanish again.

Hahaha, funny you boss. No be say na punishment but thank goodness say you don dey into this forum for more than 8 years and I also believe say you fit don dey invest for bitcoin too for 8 years or more. During this period you go don see many people wey join bitcoin investment wey later run comot because say they loose their money for bitcoin more than wetin they dey expect. Anybody wey run from bitcoin because he loose money, e hard make anybody convince am come back to bitcoin again because he go tell you say na scam.

Na because of this kind thing wey make we dey advocate say make person dey invest wetin he go fit hold for long so that as he dey HODL, he go dey learn as bitcoin dey work so later he go fit get him own sense when he wan make decisions

You supposed know sey every newbie wey enta dis industry, na bc of palatable news of how people dey make am sharp sharp investing in cryptos; right? You know sey dem too go dey in a hurry to taste dat money too, and u com dey preach to dem to wait dat long?

Yes you're very correct. Na the better news wey people dey hear from outside wey dey carry them come enter bitcoin. Na because of this anxiety wey they dey carry enter the bitcoin suppose make the person wey dey introduce them to explain to them say make they calm down first, make they no go rush so mistake. If you no calm Many newbies down, they go wan make am in a day and na wetin go come expose them to collect better loss. And those kind newbies wey no dey get patience, they no dey even get mind to bear losses, once they loss money they go japa.

Bitcoin no be get rich quick scheme and na only people wey don get experience for bitcoin investment wey don understand say bitcoin no be come chop, person suppose get sense join.

Even me wey dey here, I not fit leave my Bitcoin pass one circle wey be four years.

Sure, 4 years dey okay for person to sell collect profit especially for newbies wey never taste bitcoin money. E dey take bitcoin 4 years to complete one cycle and each time wey one cycle don complete, e dey get higher chances of getting profits. Even for my post I still talk am say "at least 4 to 10 years wey also means at least one bitcoin cycle" . If you leave newbies to behave the way they like for bitcoin, they go loose all their money for bitcoin and they go come dey complain say bitcoin na scam when na them no get patience.

You hit the nail at the Head. newbies are new to the crypto environment at such they are not well informed about the technicalities of what crypto really entails not to talk about hodling for a long term. So nothing should warrant a newbie to use his money that is budgeted for to invest into crypto because it's not advisable as most newbies regret from investing in Bitcoin without there money and because they are not well enlightened about crypto is got disappointed when they don't get want they on the short term.

Exactly. You're very correct. There's one thing about having a very high hopes when joining bitcoin, it makes a person not to see the future, he only focuses on the immediate gain and when that gain is not coming as immediately as he wants it, he feels disappointed and leaves bitcoin investment and some even go on to call it a scam. I sometimes believe in emphasizing more about the bad sides than the good sides especially when I'm explaining to an anxious Newbie because if you don't concentrate your emphasis on the disadvantages of impatience, when such person looses his money, he will cry back to you and make you look like you've scammed him. So we're even safer advocating for a long-term holding amongst the newbies especially (because old members now have good power of judgement and are more experienced if they choose to go into trading) so that they won't regret going into bitcoin.

As simple as that you should not invest what you can’t hold for long even as newbies or old investor because at that moment you are no longer investing you are just gambling because you won’t be able to hold for long because is funds you will eventually run to with time .

Almost everyone that comes into bitcoin investment came in through an old person who is already in the bitcoin investment. So if old members learn to tell newbies the truth about bitcoin and let them understand that bitcoin is not a get-rich-soon scheme, they will have a better investment mind which will help them all through their journey in bitcoin.

A newbie has a lot to learn in bitcoin before he goes into trading, so if he rushes into gambling with his money without learning how to monitor the chart, he will loose his funds so badly that he will be discouraged to continue.

So to avoid such just invest weting you know say your capacity reach nor go do pass your self make u nor go messed up your investment.

Yeah, sure, to be fore warned is to be fore armed. Bitcoin is a good investment to make, but until you avoid greed and impatience.

[TokenTikas]

You hit the nail at the Head. newbies are new to the crypto environment at such they are not well informed about the technicalities of what crypto really entails not to talk about hodling for a long term. So nothing should warrant a newbie to use his money that is budgeted for to invest into crypto because it's not advisable as most newbies regret from investing in Bitcoin without there money and because they are not well enlightened about crypto is got disappointed when they don't get want they on the short term.

The things you have said here are trying to make everything simple for the newbies. Newbies do not get the right guidelines to enter the crypto space and they are not aware of which direction they should move in the beginning due to which they are severely affected at any stage. To come to this space, a new person has to acquire the primary knowledge and then after slowly mastering it, there will be no problem in taking steps or investing. If you gradually learn about crypto and move forward, you will not be harmed or disappointed in any direction in the short or long term.

[EG_O]

As a newbie to bitcoin investment it is very important to invest only what you can be able to HODL for a long-term of at least 4 to 10 years period.

Haaba, na punishment u wan give dem be dat na.  I go take profit and then rebuy wen market red again. E beta to take profit dat way than leave am to dip and persin lose unrealized profit for table to vanish again.

Hahaha, funny you boss. No be say na punishment but thank goodness say you don dey into this forum for more than 8 years and I also believe say you fit don dey invest for bitcoin too for 8 years or more. During this period you go don see many people wey join bitcoin investment wey later run comot because say they loose their money for bitcoin more than wetin they dey expect. Anybody wey run from bitcoin because he loose money, e hard make anybody convince am come back to bitcoin again because he go tell you say na scam.

Na because of this kind thing wey make we dey advocate say make person dey invest wetin he go fit hold for long so that as he dey HODL, he go dey learn as bitcoin dey work so later he go fit get him own sense when he wan make decisions

You supposed know sey every newbie wey enta dis industry, na bc of palatable news of how people dey make am sharp sharp investing in cryptos; right? You know sey dem too go dey in a hurry to taste dat money too, and u com dey preach to dem to wait dat long?

Yes you're very correct. Na the better news wey people dey hear from outside wey dey carry them come enter bitcoin. Na because of this anxiety wey they dey carry enter the bitcoin suppose make the person wey dey introduce them to explain to them say make they calm down first, make they no go rush so mistake. If you no calm Many newbies down, they go wan make am in a day and na wetin go come expose them to collect better loss. And those kind newbies wey no dey get patience, they no dey even get mind to bear losses, once they loss money they go japa.

Bitcoin no be get rich quick scheme and na only people wey don get experience for bitcoin investment wey don understand say bitcoin no be come chop, person suppose get sense join.

Even me wey dey here, I not fit leave my Bitcoin pass one circle wey be four years.

Sure, 4 years dey okay for person to sell collect profit especially for newbies wey never taste bitcoin money. E dey take bitcoin 4 years to complete one cycle and each time wey one cycle don complete, e dey get higher chances of getting profits. Even for my post I still talk am say "at least 4 to 10 years wey also means at least one bitcoin cycle" . If you leave newbies to behave the way they like for bitcoin, they go loose all their money for bitcoin and they go come dey complain say bitcoin na scam when na them no get patience.

You hit the nail at the Head. newbies are new to the crypto environment at such they are not well informed about the technicalities of what crypto really entails not to talk about hodling for a long term. So nothing should warrant a newbie to use his money that is budgeted for to invest into crypto because it's not advisable as most newbies regret from investing in Bitcoin without there money and because they are not well enlightened about crypto is got disappointed when they don't get want they on the short term.

Exactly. You're very correct. There's one thing about having a very high hopes when joining bitcoin, it makes a person not to see the future, he only focuses on the immediate gain and when that gain is not coming as immediately as he wants it, he feels disappointed and leaves bitcoin investment and some even go on to call it a scam. I sometimes believe in emphasizing more about the bad sides than the good sides especially when I'm explaining to an anxious Newbie because if you don't concentrate your emphasis on the disadvantages of impatience, when such person looses his money, he will cry back to you and make you look like you've scammed him. So we're even safer advocating for a long-term holding amongst the newbies especially (because old members now have good power of judgement and are more experienced if they choose to go into trading) so that they won't regret going into bitcoin.

As simple as that you should not invest what you can’t hold for long even as newbies or old investor because at that moment you are no longer investing you are just gambling because you won’t be able to hold for long because is funds you will eventually run to with time .

Almost everyone that comes into bitcoin investment came in through an old person who is already in the bitcoin investment. So if old members learn to tell newbies the truth about bitcoin and let them understand that bitcoin is not a get-rich-soon scheme, they will have a better investment mind which will help them all through their journey in bitcoin.

A newbie has a lot to learn in bitcoin before he goes into trading, so if he rushes into gambling with his money without learning how to monitor the chart, he will loose his funds so badly that he will be discouraged to continue.

So to avoid such just invest weting you know say your capacity reach nor go do pass your self make u nor go messed up your investment.

Yeah, sure, to be fore warned is to be fore armed. Bitcoin is a good investment to make, but until you avoid greed and impatience.

For me, Newbie needs a guardian, not just a guardian but someone that is passionate about people's growth, example, when a young man enters the Seminary newly, his formation begins with guidelines outlined by his fomator, and this fomator guides this young man so he won't make mistakes . So a Newbie needs a fomator to be able to grow in Bitcoin community

[GiftedMAN]

As simple as that you should not invest what you can’t hold for long even as newbies or old investor because at that moment you are no longer investing you are just gambling because you won’t be able to hold for long because is funds you will eventually run to with time .

Bitcoin investment no be only for long term make we also talk about that one so that newbies fit get the idea and for person wey choose to invest for short term, e no be like the person no go fit make profit but na because of the volatile nature of Bitcoin na why investors dey always go for long term investment. For person wey wam invest for short term, e dey also advisable but if you go fit target when the market dey down to buy them as soon as the market goes up you fit sell then make your money I know think say anything bad dey inside but you fit no succeed all the time na why people they always choose long term because them dey sure say them no go lose money.

[Joeboy]

As a newbie to bitcoin investment it is very important to invest only what you can be able to HODL for a long-term of at least 4 to 10 years period. This implies that a newbie has to invest the fraction of his income which he practically doesn't have any need of it at the moment. This money is usually referred to as your discretionary income. Bitcoin investment should be strictly done with a discretionary income which will allow you not to worry too much about the bitcoin price at anytime so that you can continue to buy gradually without thinking about selling your bitcoin.

More reason you should only invest from your discretionary income and not money you'll be needing anytime soon. Newbies must stay by identifying that they've discretionary income present before getting involved into Bitcoin so they're not under any form of pressure when needs arise and at a time they've used the money meant for their expenses to invest into Bitcoin. Investing with money rather than your discretionary income is bad for investment and can lead the investor even to loses since Bitcoin might be experiencing a negative price correction at a time your need arises prompting you to sell at a loss.

Investing with your discretionary income shouldn't just be for the newbies alone, it should be done by everyone the old and experienced investors also..... In addition to having your discretionary income handy for your investment, it's always advisable that every investor have a safety cushion which can be in formm of your emergency funds( which is that money used to deal with real life or unexpected situations).... Having your discretionaryy income + building your emergency fund is what guarantees an investor to be able to confidently hodl for long term without making any of emotional decision due to short term price swing or whatnot

[Olatundespo]

You hit the nail at the Head. newbies are new to the crypto environment at such they are not well informed about the technicalities of what crypto really entails not to talk about hodling for a long term. So nothing should warrant a newbie to use his money that is budgeted for to invest into crypto because it's not advisable as most newbies regret from investing in Bitcoin without there money and because they are not well enlightened about crypto is got disappointed when they don't get want they on the short term.

Newbies who are not very knowledgeable about the technical aspects can have many opportunities if they have a basic understanding of Bitcoin. It is better for them to be unaware of altcoins because their technical aspects can make them greedy like gambling. Some new investors may have a lot of money but are more likely to make mistakes in their investments if they have a greedy idea about shitcoin. If they have a good understanding of the great application of Bitcoin as a constructive investment and its accumulating method (DCA), they can increase their stack with a long term Bitcoin holding strategy. New investors who do not have enough money but have a source of income can accumulation Bitcoin on a small scale.

[Mpamaegbu]

~

I go advise u make u nor dey do block quoting as dat go dey make ur post look like sey u nor sabi wetin u dey do. Try to dey pick and address only direct comments from users wey u wan relate wit their posts and not to gather everybodi in wan response. I hope u understand me sha?

[Abbatty]

Some of the newbies use to be faster than their shadow and they will want to have the same amount of bitcoin with somebody who has been in bitcoin investment very long time before them. This is why they go to the extent of investing with all their money without keeping some money to take care of their responsibilities. Your financial management is very important because if you don't manage your finances very well by taking care of all your basic responsibilities before investing in bitcoin, you may end up selling your bitcoin stash very soon to use and save yourself from doom.

Lack of knowledge is the cause of everything, newbies are always so eager to invest and not only that, they are more eager to make profits and since they know the more money you put in the more your profit will be they will want to invest a lot of money even more than they can afford to invest neglecting all the risk involved. They are just not bothered to learn about it first that's why most beginners are not successful with their investment.

There is more to just owning Bitcoin, to invest there are a lot of things to put in consideration after learning about it. You need to have a set out plan which involves how you plan to accumulate your Bitcoin while maintaining discipline of not investing more than you can afford. Your plan should also include when to sell.

[Judith87403]

You are correct, newbie really don't understand how bitcoin works and that is why they always make some mistake which are not supposed to be made and the reason they make this mistakes is because they don't have someone that is guiding them through the journey of Bitcoin investment, just like you said some don't even understand that bitcoin investment is a long time investment so they think that bitcoin investment is something they can invest in and get their interest in few weeks, misinformation is the reason why they think so, they were misinformed about bitcoin investment.

Most of the newbies is aware that bitcoin is not for the short term, but considering how far the journey is and due to their level of interest towards bitcoin will make them start thinking about the possible way out. And sometimes they will just suggest trading bitcoin because some people feel that trading bitcoin is the fastest way to make profit from bitcoin not knowing that the risk in trading is high compared to when you're holding for Long term investment. if you're into trading definitely you will have to be monitoring the market to know when it's time, but if you're for long term investment after making your purchase you will just feel free you don't have the time to be monitoring the market except when you have reach the status of overaccumulation and maybe you want to start attempting to sell some portion of your holdings that's when you can keep an eye in the market to know when it doubles.

[TerkAnd]

Most newbies usually start with the wrong mindset not knowing that bitcoin investment must be learnt and the period of learning is not for investing life savings for quick returns but rather its critical for learning and studying the market. This might take time but it requires perseverance. Chinese bamboo tree (Bambusa tulda) is an incredible example of patience and persistence that newbies must learn from. Infact the process is more important than  even the result they seek sharp, sharp.

[Lolipo]

For me I think the problem Newbies have are poor tutorials about Bitcoins, some person think it's something that you start receiving the interest sharp sharp there investing in what they leave for a long time. I will advice newbies to always seek advice from old hand that have already been in the system, that knows how, when and the amount you can invest as a newbie without looking back. All the same you must discipline yourself to be a good Bitcoin investor, no risk,, no money.

You are correct, newbie really don't understand how bitcoin works and that is why they always make some mistake which are not supposed to be made and the reason they make this mistakes is because they don't have someone that is guiding them through the journey of Bitcoin investment, just like you said some don't even understand that bitcoin investment is a long time investment so they think that bitcoin investment is something they can invest in and get their interest in few weeks, misinformation is the reason why they think so, they were misinformed about bitcoin investment.
Holding your bitcoin for long-term is not a big deal all you have to do is to use your discretional income to invest in Bitcoin when you use your discretional income to invest in Bitcoin you won't have much problem in holding it for a very long time because the money you used is money you won't be needing for a very long time.

Exactly, that's what I said earlier. The whole thing boils down to mentoring, you have to meet someone who is already into the system to teach you and tell you how Bitcoin works. And another thing is patience, if you don't have the patience you can't enjoy the interest Bitcoin is giving.

[Different patterns]

People are afraid to start investing because they have little idea about Bitcoin. But when someone starts a new investment, they start investing aggressively without thinking about the ups and downs of the future. Later, when they start facing one problem after another, they realize that in order to invest continuously, they need to have sufficient knowledge about some other things besides their money. We need to have a good understanding of some things.

I really get your point; it really happened like that. People are afraid to start up something, especially if it is something that they have never done before, but with the little idea that they have about Bitcoin, the only thing they need for that particular time is proper guidance, someone that will guide them on what to do to achieve or meet up with their plan and also what to do to escape the risk that they have been afraid of. After proper guidance allowing the person to start investing with little funds, as they may be afraid to start with big money, when they start from little, believe me, with time they will realise the sweetest part of it. and they will prefer to invest long-term rather than short-term.

[Dr.Bitcoin_Strange]

Whether it's a newbie or an existing investor, once they invest more than the amount that they can not afford to hold for a long term, they will end up to sell it quit early too and might not end up in profit but rather in a big lose. Like your already stated itc the best way to successfully invest and hold Bitcoin for the desired long period of time is for the person to invest just the amount they can afford to hold for a long time, also the person must not depend on Bitcoin investment as the only source of income, they have different source of income and also have savings for emergency needs.

[Grace333]

As simple as that you should not invest what you can’t hold for long even as newbies or old investor because at that moment you are no longer investing you are just gambling because you won’t be able to hold for long because is funds you will eventually run to with time .

So to avoid such just invest weting you know say your capacity reach nor go do pass your self make u nor go messed up your investment.

Exactly, mindset every investor get this mindset, not be just beginner self..  If you can not hold for long without panicking, then you have probably invested more than you should. Start small, learn the market, and only invest watin you fit afford to leave untouched for a long time..
Then even when the market rough, you nor go feel pressured to sell out of fear…