Keys to be successful in Bitcoin

[AbuBhakar]

I don't like the situation whereby people got deviated after been introduced to bitcoin in cryptocurrency, later to discover that they are going for altcoins, because of lack of information or how they have been deceived by they hypes in altcoins, some would also take decisions in selling off their assets and Bitcoin to buy alts, all these happens as a result of misinformation.

In fact, there are more losers in altcoins than there are in bitcoin in any bear market. We can't blame them because they think they've been left behind by the price of bitcoin, so they look for opportunities in other coins. What they don't expect is that they will lose more. There are still altcoins that haven't recovered after the 2021 bull market, and those who are still hoping for their trash altcoins to pump even though they know there's really no hope for their value to increase again. It's sad but that's how it is, we can't all win in trading, there will be winners and losers.

[snowpega]

...
2: consistency : every one who want to be successful in the Bitcoin space must be consistent, men and women that are consistent they don’t struggle to meet the demands of the community
....

Well, I read your points, but when I read this one, then I realised that this one needs to be more clear as it is conveying no message in my opinion. I mean, what way does one need to be consistent? Like to stay consistent, one just has to keep investing in bitcoin, or are you referring to something else here? Because consistency can be considered in many aspects of the crypto space. Like keep gaining knowledge, keep up to date about the market moves, keep up to date about the hot topics and news.

Other than this, if I have to add the best part in these points, then I would like to add risk management as the first priority to follow. Because saving earned funds from market liquidity is the most important role to play if you jump into the crypto space. Besides this, everyone has their own approach to invest in the market and the most best strategy considered is DCA. And for the best play, one need to make himself safe form FOMO and FUD in crypto space. DYOR!

[aylabadia05]

3: Skillful : everything you do requires skillful and educated very well even in the aspect of theory in order to be able to give a rationale behind what you are doing in Bitcoin .

If this is included as one of the keys to success in Bitcoin, then the skills and knowledge required are sufficient to understand things like maintaining wallet security. I interpret wallet knowledge as knowledge that must be studied seriously in order to keep Bitcoin safe, and this revolves around how seed phrases are kept and protected. In conclusion, buy when you want to buy, and after buying, hold it in your wallet. Immediately transfer it from the place of purchase to your wallet. Simply put, that is the path to safety.

4: don’t Jealous a person success : a lot of people have a wrong motive about those who are doing well in Bitcoin their by condemning such individual which is a bad attitude . Everyone as the day is going your  luck will shine

It is not wrong to be jealous of how others go about it as long as the direction is so that we can do it too, and I advise people to read and find out how someone who is considered successful does something as motivation.

[JoyMarsha]

No better way than being successful in Bitcoin through these means of learning to secure your Bitcoin by using a reputable crypto wallet, don't click on connect your wallet to online offers, have a long term plan, DCA, invest in what you can afford to lose, be patient, learning about 4 years cycle that consists of bearish and bull run cycles. Finally, be emotionally strong and don't get moved by market sentiment because nobody can forecast the Bitcoin price correctly

[AmoreJaz]

No better way than being successful in Bitcoin through these means of learning to secure your Bitcoin by using a reputable crypto wallet, don't click on connect your wallet to online offers, have a long term plan, DCA, invest in what you can afford to lose, be patient, learning about 4 years cycle that consists of bearish and bull run cycles. Finally, be emotionally strong and don't get moved by market sentiment because nobody can forecast the Bitcoin price correctly

In short, for me, is to mind your own business and learn the market if you are truly serious with what your involvement in btc or crypto. Because it is on you how you will strategize to earn profit with so many ways how to approach the market and what means will you explore to earn from this market.

Also, do take note that this is not an overnight task that you need to accomplish in order to earn good profits. These might take years and years of observing the market while continuously investing in the market and learning the strategies and tricks. So yes, it would take a lot of effort and resources if you really do want to make good in this type of investment. It is not the case that when you jump on this bandwagon, you can say to yourself that you are already successful. It is not like that.

[Nwada001]

For your number 4 tip, I would prefer to go with nobody should have a loud mouth to come out and tell people about their success story in Bitcoin. Not everyone wants to hear that; some actually want not to celebrate with you but to plan evil against you and try to steal the Bitcoin you are holding. It's better not to let anyone know that you hold Bitcoin than to start thinking and watching your back from people who you suspect to be jealous of you.

[khiholangkang]

You can kindly comment your view below ⬇️ to add your own key to be successful in Bitcoin .

Simple terms for success in Bitcoin

• Buy
• Save
• Hold

That's all you have to do if you want to be successful in bitcoin, because there is no other way than to have it in your hands, you need to remember "in your hands" not in the hands of someone else, your mother or your sister, the key word is holding Bitcoin in your hands as long as possible, I really believe that we will always be successful with bitcoin forever.

[Alphakilo]

To be successful in Bitcoin investment may also involve the kind of regulations that is imposed in your country of residence, because while it may be a legal tender for some, for others it might just be more of an asset that can be acquired, used to pay taxes and remittances and as a store of value for future wealth creation and diversification.
What ever be the reason for your interest in Bitcoin, it is always key to be aware of the local laws governing your region mostly as regards the tools like exchange and wallet choice to use to avoid unnecessary fees and sanctions on your investment and the knowledge of risk management practices, to be successful.

[Botnake]

The keys to becoming Successful in Bitcoin investment wouldn’t be complete if Discipline and Proper Risk Management aren’t part of it.

Discipline is very crucial for success in every field of investment or business not only in Bitcoin investment, and without discipline it will be really difficult to be consistent in the investment. Bitcoin investment requires discipline that will keep you grounded no matter the time, whether in the bull or bear market and also Discipline help you stick with your long term plans which will eventually lead you to achieve your goals.


Risk management on the other hand will help structure how you’ll go about with you investment and with proper risk management you wouldn’t fall for panic selling or invest more than you can afford to lose. Risk management is a very important aspect for success in Bitcoin investment.

Well said. Discipline and proper risk management are two essential factors that would lead to a sure success with bitcoin, or even other types of investment.

However, we need to know that discipline does not happen overnight, but its a long process and there'll be quite significant losses that may happen before discipline finally sink in to us. With mistakes and losses, it give us lessons to learn and made us becoming disciplined in a gradual manner.

Moreover, without proper risk  management, investing or trading with bitcoin is suicidal. We need to manage its risk, and risk only what we can afford to lose.

[JimaGod]

Bitcoin will be the best for you when you later emerge. But a lot of people take it for granted and they are carried away by what they should do and how they should go about it .
Kindly see the following keys to be successful in the area of Bitcoin :
1: make sure you are focused: if your attention is not on one position you will deviate and for you not to deviate you must be focused . To be focused means the area in which you are beholding is not left without fixing it .
2: consistency : every one who want to be successful in the Bitcoin space must be consistent, men and women that are consistent they don’t struggle to meet the demands of the community
3: Skillful : everything you do requires skillful and educated very well even in the aspect of theory in order to be able to give a rationale behind what you are doing in Bitcoin .
4: don’t Jealous a person success : a lot of people have a wrong motive about those who are doing well in Bitcoin their by condemning such individual which is a bad attitude . Everyone as the day is going your  luck will shine

You can kindly comment your view below ⬇️ to add your own key to be successful in Bitcoin .

You forget to add discipline and determination when we're talking about keys to been successful in our bitcoin investment. It's definitely not going to be an easy run because the challenges coming up is too complex and none of us would be proud to see our port folio been liquidated following our major loss in the market.

Then we look at proper risk management because it comes first in whatever investment or projects one plan on taking. Bitcoin is not some random project, it's very clear that we understand the system and know specifically what's it all about. Know our routes around the space is very crucial.

[Achalugo BTC]

No better way than being successful in Bitcoin through these means of learning to secure your Bitcoin by using a reputable crypto wallet, don't click on connect your wallet to online offers, have a long term plan, DCA, invest in what you can afford to lose, be patient, learning about 4 years cycle that consists of bearish and bull run cycles. Finally, be emotionally strong and don't get moved by market sentiment because nobody can forecast the Bitcoin price correctly

You are definitely right, being patience and having determination is the key to have a successful investment, because it will helps you in keeping your emotions in check and also helps you in making decisions that will help the growth of your investment. And having the knowledge of Bitcoin will help you know how to secure your Bitcoin and also discipline you to be focused and make smart moves. That is why its advised that people should have the knowledge and the understanding of Bitcoin investment before making decisions because investing in Bitcoin is not for feeble minds.

[Baki202]

In fact, there are more losers in altcoins than there are in bitcoin in any bear market. We can't blame them because they think they've been left behind by the price of bitcoin, so they look for opportunities in other coins. What they don't expect is that they will lose more. There are still altcoins that haven't recovered after the 2021 bull market, and those who are still hoping for their trash altcoins to pump even though they know there's really no hope for their value to increase again. It's sad but that's how it is, we can't all win in trading, there will be winners and losers.

And there are plenty of reasons for this. You can choose either way, which one you want to invest in, but it is always advised to hold some amount of bitcoin because it is the one controlling the market, so these are part of the reasons. Because people know that investing in Bitcoin is more secure, and it is actually true, because there are altcoins that are reliable. It's just that people are looking for a quick way to make money, and that is why, before you buy any coin, make sure you do your research well before buying. People need to take their investment money seriously because why would you even invest in something you don't even have an idea about? And this is why some people are losing their money when investing in altcoins. This is because it is the type of altcoin they are investing in and, to me, is a key to success on its own.

[Nahl]

I don't like the situation whereby people got deviated after been introduced to bitcoin in cryptocurrency, later to discover that they are going for altcoins, because of lack of information or how they have been deceived by they hypes in altcoins, some would also take decisions in selling off their assets and Bitcoin to buy alts, all these happens as a result of misinformation.

In fact, there are more losers in altcoins than there are in bitcoin in any bear market. We can't blame them because they think they've been left behind by the price of bitcoin, so they look for opportunities in other coins. What they don't expect is that they will lose more. There are still altcoins that haven't recovered after the 2021 bull market, and those who are still hoping for their trash altcoins to pump even though they know there's really no hope for their value to increase again. It's sad but that's how it is, we can't all win in trading, there will be winners and losers.

This is one of the biggest mistakes from some people that they were thought can gets rich instantly from crypto but unfortunately these people have avoiding to invest in bitcoin and more likely to choose altcoin and the reason is they thought only altcoin who can give them fantastic profit in the short term but seems they have forgot that invest in altcoin is risky even there are plenty of altcoin were never recover back after years and this condition makes those who invest in altcoin is feeling frustrate and even they were decide to quit from crypto world

If we talking about the key to be successful in bitcoin i have simple thought that learn the risk is necessary before starting to invest besides that discipline and strong mentality also required because as high risk investment bitcoin will through an several phase liked bear market and those who have realize the risk will be keep calm to faced up this phase

[Peanutswar]

Well basically im not a successful yet but continously learning is one of the key I need when it comes with Bitcoin if you are active in market is knowledge how to trade, most likely if you want to get ride with the market volatility, you want to know what are the possible key of the market structure of the bitcoin with the possible dips because DCA recently for me is not enough but also you need to seek where is the potential lowest point of the market price. Now if you know how to trade is the plan, until you wanted to make a holding of your assets, when is your desired take profit. Whats the goal PNL upon holding such as exit strategy. Also if course we are getting lazy due to bear market seek for other opportunity such as invest your coin into other form of it not just a transaction base but also staking and earn some yield or even if you wanted to engage in NFT.

If you have a plan you never get lost with your investment in bitcoin and not just carried away with your emotions.

[Die_empty]

No better way than being successful in Bitcoin through these means of learning to secure your Bitcoin by using a reputable crypto wallet, don't click on connect your wallet to online offers, have a long term plan, DCA, invest in what you can afford to lose, be patient, learning about 4 years cycle that consists of bearish and bull run cycles. Finally, be emotionally strong and don't get moved by market sentiment because nobody can forecast the Bitcoin price correctly

The advice: invest what you can afford to lose doesn't sound right to me. Do people invest what they can afford to lose in real estate, gold, stocks and others? Bitcoin is an investment and not gambling. This saying is popular among gamblers, and it shouldn't be applied to Bitcoin investment. Over the years, Bitcoin has proven to be stable and profitable.

So my advice is usually to invest what you can live without. You are correct that emotional stability is an important quality for Bitcoin investors because FUDs can be distracting.   

[ndutndut]

No better way than being successful in Bitcoin through these means of learning to secure your Bitcoin by using a reputable crypto wallet, don't click on connect your wallet to online offers, have a long term plan, DCA, invest in what you can afford to lose, be patient, learning about 4 years cycle that consists of bearish and bull run cycles. Finally, be emotionally strong and don't get moved by market sentiment because nobody can forecast the Bitcoin price correctly

What you say is all true. But there's something more fundamental that makes us successful in Bitcoin: having confidence in it. This confidence can be created when we understand the purpose of Bitcoin and the long-term benefits we will gain from investing in it. Changing our mindset to view Bitcoin as a scarce asset for the future is also one way to build confidence in Bitcoin to achieve our goal of financial freedom.

Wallet security is also crucial because the crypto world is highly vulnerable to phishing, fraud and scams that can cause us to lose our assets in an instant. Therefore, it's crucial to keep our assets safe especially in the long term. There are many cases of others losing assets due to negligence in securing their wallets which we should learn from.

[whiteblue]

No better way than being successful in Bitcoin through these means of learning to secure your Bitcoin by using a reputable crypto wallet, don't click on connect your wallet to online offers, have a long term plan, DCA, invest in what you can afford to lose, be patient, learning about 4 years cycle that consists of bearish and bull run cycles. Finally, be emotionally strong and don't get moved by market sentiment because nobody can forecast the Bitcoin price correctly

The advice: invest what you can afford to lose doesn't sound right to me. Do people invest what they can afford to lose in real estate, gold, stocks and others? Bitcoin is an investment and not gambling. This saying is popular among gamblers, and it shouldn't be applied to Bitcoin investment. Over the years, Bitcoin has proven to be stable and profitable.

So my advice is usually to invest what you can live without. You are correct that emotional stability is an important quality for Bitcoin investors because FUDs can be distracting.   

Investing what you're prepared to lose is a phrase I find unsettling because it's inappropriate when it comes to investing. Imagine allocating more than 50% of my portfolio to Bitcoin. That's a pretty stupid assumption to force the mindset of investing what you're prepared to lose. Does anyone want to lose on their investment? This is ridiculous and completely contrary to the values ​​of investing, which are to seek profit.

Investing what you can live without is sensible and in line with investment values, rather than using the adage we often use about gambling, as if we're risking something that's guaranteed to result in a loss, like gambling.

[Jewan420]

Bitcoin is a long-term investment asset, to get good returns from Bitcoin, you must be long-term. In Bitcoin investment, prudent money and income sources are more important than knowledge, basic knowledge, patience and confidence in Bitcoin. The main task and main lesson of Bitcoin is to hold Bitcoin. It is usually said to buy Bitcoin and hold it. But holding it is the main challenge, to learn to hold it, you have to gain deep knowledge about good financial management, risk management and investment management. Even you have to gain deep knowledge about when and how to behave.

[JiiBs]

You can kindly comment your view below ⬇️ to add your own key to be successful in Bitcoin .

There isn’t any peculiarity of what you’ve listed above to Bitcoin. All that you’ve listed are activities that one can apply in any other field and might attain some success.

You don’t need any special skill to attain some level of success in Bitcoin. All that you need is a good knowledge of security and the basics of what Bitcoin and the blockchain technology actually is

Armed with these, you can go about avoiding the FOMO and FUD that would be spread around by those who pretend to know better than you and you just go about accumulating using the DCA strategy.

[Stablexcoin]

In fact, there are more losers in altcoins than there are in bitcoin in any bear market. We can't blame them because they think they've been left behind by the price of bitcoin, so they look for opportunities in other coins. What they don't expect is that they will lose more. There are still altcoins that haven't recovered after the 2021 bull market, and those who are still hoping for their trash altcoins to pump even though they know there's really no hope for their value to increase again. It's sad but that's how it is, we can't all win in trading, there will be winners and losers.

Altcoins would always be the worst investment any investor would make. They lack proper structure and plan for a long term purpose, it's utility is limited and has a low trading volume.  Only a few altcoin like ethereum, ripple, Solana, etc are altcoins with a solid structure and are safe for long term investment but it's does not match the potentiality of bitcoin for the future.