Think carefully before beginning bitcoin investment

[AGogi2003]

We need to be thinking reasonably before putting ourselves into Bitcoin investment so that we will surely achieve our goals for what we're chasing. Many investors are really making mistakes when investing in Bitcoin, meaning some don't know how much money to keep for savings purposes and how much money to invest. Since you have the belief that you will surely get profit if you invest in Bitcoin, but know the funds you invested. Not the one that you will use for the short term and break your plans. Most people that you see are getting huge profits in crypto, not because they have full knowledge about it, but because they think deeply and know when to buy and hold for the long term.

Anyone that gets knowledge about Bitcoin knows that Bitcoin is for the long term and has made many investors achieve their dreams, but you should know that if you are not capable of investing in Bitcoin, you should not force yourself into it. Because you are hearing others talking about their benefits in Bitcoin, you will rush and invest. You should think wisely, if you are not that financially stable, don't put yourself into Bitcoin investment because it is volatile, and you can put yourself into debt when it is not moving well.

They have other investors that have knowledge about Bitcoin, but they lack experience towards their goals. You need to be wise and chase your dream. Don't let anyone discourage you when you know what you are doing, because that is some people's courage to destroy your plan and bring you to level one. Let us focus more on what we are chasing and believe in ourselves. That is why if you have knowledge about Bitcoin and you lack experience, you will surely find it difficult to succeed in it.

Wise people achieve their goal easier than people that have knowledge about something but find it difficult to know how to apply it. Wise people grab opportunities fast because they think wisely and see vision in what they are doing. It is only the wise people that have patience with bitcoin investment that are able to keep it for the long term.

[Localhostspeed]

We need to be thinking reasonably before putting ourselves into Bitcoin investment so that we will surely achieve our goals for what we're chasing. Many investors are really making mistakes when investing in Bitcoin, meaning some don't know how much money to keep for savings purposes and how much money to invest. Since you have the belief that you will surely get profit if you invest in Bitcoin, but know the funds you invested. Not the one that you will use for the short term and break your plans. Most people that you see are getting huge profits in crypto, not because they have full knowledge about it, but because they think deeply and know when to buy and hold for the long term.

If only we are not use to quick profit, Bitcoin would have been the same with other investments assets but because we are spoilt and used to quick profit, we want to get quick return without patience any longer.  The people that were patience all these years during the time when Bitcoin was dumping and was not going up steadily were patience that's why they are enjoying their hard labor today. The new people that are joining today need to have that patient too.

I don't think in the last 15 years any person that has bought Bitcoin and has hold it to now has regreted holding it. Even the people that bought in January this year are now in profits. We need patience to achieve anything with Bitcoin.

[B-BossMan]

Nice one, OP. Indeed, it takes some time and experience to be wise enough and it takes just a few minutes to use your wisdom. It's not just about knowing what to do, but it's about knowing how to apply the acquired knowledge effectively. In essence, it's better for you to take the risks of investment with the available knowledge than for you to wait for perfect conditions. Many investors take advantage of focusing on volatility, knowing that in the future there will be a great chance to buy low and sell high, due to their belief in Bitcoin investment growth. However, come to think of boosting your confidence in terms of investment rather than discouraging yourself.

Additionally, without risking your financial instability, you can comfortably go for the DCA strategies investment

[DaNNy001]

Knowledge is essential before thinking about investing in bitcoin...The reason why some people invest on a short term base is because they don't know that it's best to only invest when it's long term..Bitcoin Investment requires critical thinking but at the same time it's very simple when you finally understand how the market really works...having a target before investing is very important, you can just start up an investment with zero aims and take whatever profit you get....have a goal and don't exceed it when you achieve it

[Somto9Light]

Most people that you see are getting huge profits in crypto, not because they have full knowledge about it, but because they think deeply and know when to buy and hold for the long term.

There's no perfect time to buy bitcoin Man, so Long as your discretionary fund is available You're free to get started, you don't necessarily need to be waiting for the perfect time. The only thing that is supposed to keep you waiting is your discretionary fund, and I will agree with you when you said that most of this people who have been making profit from bitcoin investment all started with the basic knowledge but as time goes on they were able to learn some certain things in the market. Moreover bitcoin investment does not require enough knowledge so there's nothing much to learn.

[Marykeller]

Everything wey you say, it's rooted down on ones knowledge on Bitcoin. The knowledge wey you get and how much you can afford to risk for long term go determine how successful you go be for Bitcoin investment.

Bitcoin investment journey no be competition for peso to win a lottery. Peso supposed to invest when they are ready and they get spare money to invest for long term.

Rushing to invest without having savings, the person go rush to sell without minding whether them d for loss or get small profit. That's why we are advice to invest with little we have through DCA method since we d invest for long term

[CryptSafe]

There is nothing there to think about Bitcoin investment; all you have to do is learn about Bitcoin and how it trends. Having good knowledge about it sets you up for whatever path you choose to go about bitcoin, and not you thinking about it.  And as for the investment aspect of it, you just have to invest what you can afford to lose if anything goes wrong. Better still, a long-term investment can be appropriate to maximize profit, but before you go into the investment, it would be nice if you have an alternative source of income so that you do not rely on or fall back to your investment when needs arise, because the market is volatile and you never can tell the situation it could be when you need a backup. So better to have an emergency fund or an extra source of income to save you the stress.

[Johnlomape]

There is nothing there to think about Bitcoin investment; all you have to do is learn about Bitcoin and how it trends. Having good knowledge about it sets you up for whatever path you choose to go about bitcoin, and not you thinking about it.  And as for the investment aspect of it, you just have to invest what you can afford to lose if anything goes wrong. Better still, a long-term investment can be appropriate to maximize profit, but before you go into the investment, it would be nice if you have an alternative source of income so that you do not rely on or fall back to your investment when needs arise, because the market is volatile and you never can tell the situation it could be when you need a backup. So better to have an emergency fund or an extra source of income to save you the stress.

  People that want to invest in Bitcoin can determine to either  decide to invest for a long term purposes or short term depending on their financial stability. For someone that already have huge amounts of money might decides to buy Bitcoin for a long term purposes. This is about choice and what any investor want to achieve investing in Bitcoin.

The government is investing in Bitcoin because they want to accumulate enough Bitcoin for long term purposes and this might also include controlling the market in the future. Everyone has they are investing whether for sharp profits or delayed profits.

[programmer3666]

We need to be thinking reasonably before putting ourselves into Bitcoin investment so that we will surely achieve our goals for what we're chasing. Many investors are really making mistakes when investing in Bitcoin, meaning some don't know how much money to keep for savings purposes and how much money to invest. Since you have the belief that you will surely get profit if you invest in Bitcoin, but know the funds you invested. Not the one that you will use for the short term and break your plans. Most people that you see are getting huge profits in crypto, not because they have full knowledge about it, but because they think deeply and know when to buy and hold for the long term.

If only we are not use to quick profit, Bitcoin would have been the same with other investments assets but because we are spoilt and used to quick profit, we want to get quick return without patience any longer.  The people that were patience all these years during the time when Bitcoin was dumping and was not going up steadily were patience that's why they are enjoying their hard labor today. The new people that are joining today need to have that patient too.

I don't think in the last 15 years any person that has bought Bitcoin and has hold it to now has regreted holding it. Even the people that bought in January this year are now in profits. We need patience to achieve anything with Bitcoin.

i think many people just want quick money and don’t want to apply that patience that is required in crpto market at large, bitcoin is sure best for the long term. people who use to have the courage to keep their coins through ups and downs are always seeing big gains now. even those who bought earlier this year are already making profit. the key is patience!! if you wait and hold!!! then bitcoin can give good rewards you will not expect, but rushing for quick money usually leads to losses. it is also important to only invest money you can afford to lose and not touch your savings. learn about bitcoin,, try to regularly watch the market and gain experience before making some big moves. the thing is that the people who succeed in Bitcoin are those who think carefully, stay calm during crashes and they don’t let hype or fear control them.

[Iroh]

You can be really knowledgeable but how you go about applying that knowledge in your daily lives is what makes you a wise person.
Like with literally every investment you plan to put your money into, you've got to think carefully, do some good research so you can get knowledgeable on whatever project or investment opportunity you might be interested in.
With investments, you should have at the back of your mind, the possibility of losing out on your money so it's always wise to put what you can afford to lose.

With bitcoin investment, it helps a great deal to know what you want and be focused on the journey to get it. Turn a deaf ear to naysayers as there would be people who would still try to derail you despite seeing for themselves, the growth and adaptation bitcoin has seen since its inception.

[adultcrypto]

Knowledge is essential before thinking about investing in bitcoin...The reason why some people invest on a short term base is because they don't know that it's best to only invest when it's long term..Bitcoin Investment requires critical thinking but at the same time it's very simple when you finally understand how the market really works...having a target before investing is very important, you can just start up an investment with zero aims and take whatever profit you get....have a goal and don't exceed it when you achieve it

If a newbie reads your comment, he will be so frustrated thinking about where to start from in getting the knowledge you suggested before investing. I will also want to correct the impression that bitcoin investment require critical thinking before getting started, that is not entirely true because basic knowledge of bitcoin is just enough to get started then the other knowledge can come in when the investor have already started investing. Bitcoin investment is an easy thing if the individual have some money he can set aside without having any serious need for it and it can be done with small amount of money at a time to make it easier.

[Anayochukwu]

We need to be thinking reasonably before putting ourselves into Bitcoin investment so that we will surely achieve our goals for what we're chasing. Many investors are really making mistakes when investing in Bitcoin, meaning some don't know how much money to keep for savings purposes and how much money to invest. Since you have the belief that you will surely get profit if you invest in Bitcoin, but know the funds you invested. Not the one that you will use for the short term and break your plans. Most people that you see are getting huge profits in crypto, not because they have full knowledge about it, but because they think deeply and know when to buy and hold for the long term.

Anyone that gets knowledge about Bitcoin knows that Bitcoin is for the long term and has made many investors achieve their dreams, but you should know that if you are not capable of investing in Bitcoin, you should not force yourself into it. Because you are hearing others talking about their benefits in Bitcoin, you will rush and invest. You should think wisely, if you are not that financially stable, don't put yourself into Bitcoin investment because it is volatile, and you can put yourself into debt when it is not moving well.

They have other investors that have knowledge about Bitcoin, but they lack experience towards their goals. You need to be wise and chase your dream. Don't let anyone discourage you when you know what you are doing, because that is some people's courage to destroy your plan and bring you to level one. Let us focus more on what we are chasing and believe in ourselves. That is why if you have knowledge about Bitcoin and you lack experience, you will surely find it difficult to succeed in it.

Wise people achieve their goal easier than people that have knowledge about something but find it difficult to know how to apply it. Wise people grab opportunities fast because they think wisely and see vision in what they are doing. It is only the wise people that have patience with bitcoin investment that are able to keep it for the long term.

This na the reason why I dey take my time to study and know my patience capacity before I go dey fully involved for Bitcoin investment, investing for Bitcoin no be beans and especially newbies gats to consider a few things before rushing to invest. As I dey see Bitcoin like this I know say e dey valuable but nothing go make me invest now wey I never get steady income.

[Ever-young]

If only we are not use to quick profit, Bitcoin would have been the same with other investments assets but because we are spoilt and used to quick profit, we want to get quick return without patience any longer.  The people that were patience all these years during the time when Bitcoin was dumping and was not going up steadily were patience that's why they are enjoying their hard labor today. The new people that are joining today need to have that patient too.

I don't think in the last 15 years any person that has bought Bitcoin and has hold it to now has regreted holding it. Even the people that bought in January this year are now in profits. We need patience to achieve anything with Bitcoin.

This is exactly the reason why I always say irrespective of the fact that anyone can invest in Bitcoin, Bitcoin is still not for everyone. Yes because there are people who already have a messed up mindset about investment, all they think about is how to enter the market, make some quick bucks and just like that, they're off, spend the little profit they made, come back another time to hunt for another profit. This is totally a trader's mindset and no one with such a mindset will ever succeed with Bitcoin, except of course they decide to change from that mindset, like completely purge themselves of that mindset and replace it with long term mindset, because that's the only way anyone can succeed in Bitcoin.

[Smartvirus]

Knowledge is essential before thinking about investing in bitcoin...

Many of our people and people for outside don fall victim to investment scams as e take concern cryptocurrency via say, them no really understand.

When them conceive the cryptocurrency idea and decide to go into am, them get the idea of getting rich quick and just like that, the idea of investing go always come with doing it on a platform way go give them returns based on certain percents of their investment.

All these na via say, them no really get knowledge about am and most of them no really care to seek the knowledge because they just want money and money. The more reason why people suppose Dey try learn to know before them take up the journey of putting their money for the industry if at all.

[Stepstowealth]

We need to be thinking reasonably before putting ourselves into Bitcoin investment ...

If you proceed into investment into Bitcoin because your friends and maybe members of your family are investing in it, you may be making the wrongest biggest mistake of your life'cause you did not do your own research before deciding to invest. You were not convinced, and you only started investing because others you knew were doing so. People wey dey invest inside bitcoin under such circumstances nor go fit usually hol bitcoin for long, them go even dey find am hard to invest through strategy like DCA for bitcoin continuosly.

[Makus]

Knowledge is essential before thinking about investing in bitcoin...The reason why some people invest on a short term base is because they don't know that it's best to only invest when it's long term..Bitcoin Investment requires critical thinking but at the same time it's very simple when you finally understand how the market really works...having a target before investing is very important, you can just start up an investment with zero aims and take whatever profit you get....have a goal and don't exceed it when you achieve it

In every form of investment knowledge should be a must have before executing your plans however bitcoin is no exemption from this fact but the onky difference is that one can start Bitcoin investment  with just the knowledge of how to make transaction and secure their wallet other knowledge can come in during their investment time. In fact the most experience we get is during our holding there we discover and understand how our emotions play out as a distraction  to our investment so. We can say one can start his bitcoin investment with small amount of knowledge.

[Judith87403]

We need to be thinking reasonably before putting ourselves into Bitcoin investment ...

If you proceed into investment into Bitcoin because your friends and maybe members of your family are investing in it, you may be making the wrongest biggest mistake of your life'cause you did not do your own research before deciding to invest. You were not convinced, and you only started investing because others you knew were doing so. People wey dey invest inside bitcoin under such circumstances nor go fit usually hol bitcoin for long, them go even dey find am hard to invest through strategy like DCA for bitcoin continuosly.

Is never right to invest into bitcoin because of your friends sake or maybe your relatives is very wrong, even if your loved ones is into bitcoin investment and maybe you're interested to go into bitcoin investment is advised to make research before proceeding. some people feel that bitcoin investment is just all about making purchase we know that making purchase is not that difficult for some people, I know that some people can easily do it without anyone directing them on how to go about it, but first you need to understand about the volatile nature of bitcoin so that whenever you see the market going backwards you won't think of selling your holdings for short term due to panic.

[Umulala-alala]

When choosing cryptocurrency to invest choose bitcoin and forgot about other shitcoin, again profit is not guaranteed in bitcoin investment that is why when getting started or when making purchases we should buy only with our discretionary income which is the amount of money we can afford to lose incase you are seeing what you never expected, through your discretionary income you can adopt the dca method where you can be buying bitcoin as little you can afford either weekly or every months.

[White pawn]

When considering Bitcoin investment, it's crucial to approach with caution and thorough understanding. Here's what to keep in mind:

Investing in Bitcoin carries inherent risks due to its volatile nature. Market fluctuations can be rapid, and prices may swing dramatically. Understanding the factors that influence Bitcoin's price is essential for making informed decisions.

A well-thought-out risk management strategy is vital. This might include diversifying your investment portfolio and setting clear investment goals. It's also important to determine your risk tolerance and invest accordingly.

Security is another critical aspect. Protecting your Bitcoin investments requires using secure wallets and exchanges, enabling two-factor authentication, and storing private keys safely.

The regulatory landscape for Bitcoin varies across countries and is subject to change. Staying informed about legal and regulatory developments is crucial for compliance and risk management.

Before investing, define your investment goals clearly. Consider whether Bitcoin aligns with your overall financial strategy and goals. Continuous education on Bitcoin, blockchain technology, and market trends will help you make informed decisions.

By carefully considering these factors, you can navigate the complexities of Bitcoin investment and make choices that align with your financial objectives.