Keys to be successful in Bitcoin

[Emeraldo]

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

I always say one of the key success factors is patience, not only for bitcoin, but bitcoin is more demanding, because the journey to reap the seeds you plant is not fast, one halving cycle is the minimum, even highly recommended more than that time level. And another factor is endurance, after all the fear when seeing prices drop sharply will always be there, but with endurance you can get through it. And the most important point is to buy with "cold money", or money that you can afford.

Patience is one of the most important keys to success as a Bitcoin investor and people should know why they are doing when putting their money to invest so they don't buy when the market is up which can drag the profit they supposed to have made from their investments. Patience has made many people to hold their Bitcoin and become very profitable without rushing to buy or rushing to sell which can bring loses without the investment being strong enough with adequate profits.

[Queen uloma]

All this keys you have mentioned so far is correct but not only in Bitcoin you can also apply this keys also in your daily live, without focus, consistency, and patient you can't achieve anything in life, there's one common saying that says, I tape from your grace, it's not all things that looks good you should tape, because most of all this are not from Hard work, most people engage in illegal act just to make it, so whatever good you want in life through hard work you achieve it.

[Mame89]

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

I always say one of the key success factors is patience, not only for bitcoin, but bitcoin is more demanding, because the journey to reap the seeds you plant is not fast, one halving cycle is the minimum, even highly recommended more than that time level. And another factor is endurance, after all the fear when seeing prices drop sharply will always be there, but with endurance you can get through it. And the most important point is to buy with "cold money", or money that you can afford.

Patience has always been a crucial factor in all investments, most particularly with bitcoin.

In addition, I think what we also need the most is having the courage and positivity to keep us going. Bitcoin can always be uncertain, and its outcome are always unpredictable, so if we can stick to our goal and remain positive throughout the process, success will be definite in the long run.

Patience, courage and a positive attitude toward Bitcoin must begin with changing your mindset and understanding Bitcoin deeply as this is what will enable you to possess the third criterion mentioned above.

In investing, especially Bitcoin patience and discipline are the keys to success. Many beginners make the mistake of starting Bitcoin investments by focusing on finding a secret strategy when in fact the key to investing is patience and discipline, as these are the greatest assets in investing. Investing isn't about who's the fastest, but who's the most resilient. When the market goes down, they remain patient and when the market goes up they remain disciplined.

[Finestream]

Its not really hard to succeed with bitcoin, only the people around make it complicated. With consistent buying and hodling your coins, and ensuring the security of your coins 24/7, I don't think it'll be hard to succeed then.

What people need is the clear understanding about bitcoin, how to maximize it as an asset and a retirement investment, and how to protect your bitcoin from all harm, from all the people around that looks suspicious for you.

[Alone055]

Its not really hard to succeed with bitcoin, only the people around make it complicated. With consistent buying and hodling your coins, and ensuring the security of your coins 24/7, I don't think it'll be hard to succeed then.

What people need is the clear understanding about bitcoin, how to maximize it as an asset and a retirement investment, and how to protect your bitcoin from all harm, from all the people around that looks suspicious for you.

Well, it's true that one needs to keep these things private so that they don't face threats or any sort of problems; however, the biggest threats for someone having assets these days are digital thieves, we mostly call them scammers, there could be hackers too, but most people usually end up getting scammed than having their accounts or wallets hacked, so it's a more common occurance in this industry, or on the internet in general.

Newbies actually often get scammed because of their own naivety. When they enter the crypto industry, they come with a get-rich-quick mindset, because they have read and heard that people can earn a lot of money from cryptocurrencies, but they don't know how, so they get easily trapped when someone pitches them a scheme that potentially can make them a lot of money, and that's because they don't know anything about how people make money in this industry, so they believe whatever someone tells them. This is why it's important for newbies to gain knowledge before they get involved into anything.

[demonica]

I'm not yet in the position to say I'm successful in Bitcoin, but one thing I would say that I learned thru my journey is that you have to be patient and believe in Bitcoin. Having skill and knowledge is one thing, but if you really believe in Bitcoin and learn to be patient, you can grow what you've invested when the time comes.

Other people may try to invest in Bitcoin, but once they see a dip in the market, they'd get scared of losing their money and would sell their Bitcoin. It just means that they don't believe and trust Bitcoin that much for them to hold it for a long term. And that's what people really need to build when they get into Bitcoin.

[Muba20]

If you can consistently buy and hold Bitcoin without getting too excited about it, it is very easy to succeed from the investment. It seems easy to hold it for the long term, it is wrong to consider it very easy in reality. When the market is facing an unstable situation, short-term holders of Bitcoin cannot hold their Bitcoin. They cannot focus according to the goal with which they invested in the beginning and therefore suffer losses from the investment.

If the investor makes a long-term investment by doing DCA from his discretionary income before investing in Bitcoin. Then he will be able to stabilize himself from short-term high volatility and his Bitcoin portfolio will increase due to regular investment. Surely such investors will be successful in the long term.

[Baki202]

I'm not yet in the position to say I'm successful in Bitcoin, but one thing I would say that I learned thru my journey is that you have to be patient and believe in Bitcoin. Having skill and knowledge is one thing, but if you really believe in Bitcoin and learn to be patient, you can grow what you've invested when the time comes.

The more you are into the system the more you become family with it becomes most people don't know all this things and most people get it when when they start investing,  because there plenty things that will be learned through out the process and even when it is not yielding you still belive and that believe that you are believing is what is called patient because when you have the knowledge that is when you want to practicalize what you have learn,  and when you are successful it means you have hold for a very long time there is no two way about it.

Other people may try to invest in Bitcoin, but once they see a dip in the market, they'd get scared of losing their money and would sell their Bitcoin. It just means that they don't believe and trust Bitcoin that much for them to hold it for a long term. And that's what people really need to build when they get into Bitcoin.

That is the major problem they have is with the dip they are always scared of losing money and the only way you can make a difference now is that when you invest and things like this happen consistently then there is no way that person will continue to panic because they have already know how the thing works they know that know matter how the market is good it will surely come down for sure, and when it comes down you can only do two things which are for you to either buy more dip and continue to hold and does are the only best option you can enjoy when the market comes down.

[Onyeeze]

Change bitcoin has been created nobody is taking bitcoin for granted the people that does not know about bitcoin very well starting from 2009 Bitcoin is being created it is when people began to example know what is about Bitcoin some people was having a doubt about the network of cryptocurrency especially bitcoins but today many people believe bitcoin investment so the market of Bitcoin always increases and decreases and when it will decrease his many people question the development of Bitcoin so now the price is going down some people is afraid of Bitcoin investment

[Fordsmith]

Many people who became profitable after several years followed a simple “buy and hold” strategy rather than active trading. Sometimes the best decision is doing nothing and letting time work for you instead of reacting emotionally to every price move.
Statistics show that most traders lose money because they overtrade and take unnecessary risks. Treating Bitcoin as a long-term investment, similar to how people view gold as a hedge against inflation, can reduce stress and improve results.
Of course, this only works if you invest an amount you are comfortable with and can still sleep at night during market downturns.

[Danica22]

Many people who became profitable after several years followed a simple “buy and hold” strategy rather than active trading. Sometimes the best decision is doing nothing and letting time work for you instead of reacting emotionally to every price move.
Statistics show that most traders lose money because they overtrade and take unnecessary risks. Treating Bitcoin as a long-term investment, similar to how people view gold as a hedge against inflation, can reduce stress and improve results.
Of course, this only works if you invest an amount you are comfortable with and can still sleep at night during market downturns.

Actually, investing in and achieving success with Bitcoin is not difficult at all. We just need to use the amount of money we can afford to lose to buy and hold long term, as you said
However, the problem most of us face is our inability to control our greed. We lack patience and want to make quick money overnight with a small amount of capital. This causes many people to forget the core principles of investing and rush into short term trading with high leverage.

It can be said that we ourselves have made investing in bitcoin more difficult and risky.

[abaeze]

Concentration and patience are the most important things in any investment, if there is sufficient knowledge and money but there is no patience, the investment will never be successful. I have seen many people who initially show a lot of seriousness in investing but later when the price decreases a little, they sell their investment and suffer losses. If you observe this a little, you can understand that their investment has been ruined due to patience. That is why all these people are not satisfied with investing in Bitcoin. But if you were a little patient in investing and bought a little more when the price decreased, when the price increased, you could have saved yourself from losses and made a lot more profit.

Finally, there will be risks in any investment but if you invest consistently with discipline and patience according to a long-term plan, then the investment will be successful. And I think this is the key to the success of any investment including Bitcoin.

[summonerrk]

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 .

Well, personally, I think there are only two main ways to invest in Bitcoin. One is buying using the DCA strategy at regular intervals, which eliminates the need to monitor the price. And most importantly, it's constantly and persistently investing without withdrawing the bitcoins from the account. The second way is trading, which is when a person is interested in fundamental and technical analysis, monitors all prospects for future price developments, and watches the news. However, this is a more difficult path because it's pure trading. And, perhaps, there's a third way to invest, called regular hodl, where a person buys bitcoins and holds them.

[lornadane]

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 .

yea defo success in Bitcoin aint just luck it is discipline you have to stay focused so you dont just get sidetracked. be consistent even when it get a bit boring and keep sharpening your skills so you actually know what you are doing when the time comes. dont waste your energy hating on someone elses wins use it as fuel to make your own wins everybody got their own time in this game just keep grinding and your moment gonna hit

[Cgrexp]

If you can consistently buy and hold Bitcoin without getting too excited about it, it is very easy to succeed from the investment. It seems easy to hold it for the long term, it is wrong to consider it very easy in reality. When the market is facing an unstable situation, short-term holders of Bitcoin cannot hold their Bitcoin. They cannot focus according to the goal with which they invested in the beginning and therefore suffer losses from the investment.

If the investor makes a long-term investment by doing DCA from his discretionary income before investing in Bitcoin. Then he will be able to stabilize himself from short-term high volatility and his Bitcoin portfolio will increase due to regular investment. Surely such investors will be successful in the long term.

As long as you have a prudent fund, basic math skills, and some common sense, you can plan properly. DCA (Dollar-Cost Averaging) is one of the most effective methods for beginners, where the size of your investment each week is adjusted to your cash flow. For example, some weeks you may not invest $10, while others may invest more than $10. The size of your weekly purchase can sometimes be related to the source of your BTC, as some sources may have a minimum purchase amount. Investing $10 per week in the first year will take you a year to have $520 worth of Bitcoin in your account, with the price going up or down in the following years beyond your control. As a new investor, it can sometimes take time to accumulate and grow your Bitcoin income. Some people increase their future income by earning skills in college or tech school. .

[MusaPk]

As long as you have a prudent fund, basic math skills, and some common sense, you can plan properly. DCA (Dollar-Cost Averaging) is one of the most effective methods for beginners, where the size of your investment each week is adjusted to your cash flow. For example, some weeks you may not invest $10, while others may invest more than $10. The size of your weekly purchase can sometimes be related to the source of your BTC, as some sources may have a minimum purchase amount. Investing $10 per week in the first year will take you a year to have $520 worth of Bitcoin in your account, with the price going up or down in the following years beyond your control. As a new investor, it can sometimes take time to accumulate and grow your Bitcoin income. Some people increase their future income by earning skills in college or tech school. .

There are many strategies out there which we can follow to get good profit from Bitcoin. DCA is backed by lot of proofs from the past that tells us that if we keep accumulating Bitcoin through DCA strategy for 4 years or more then our Bitcoin investment will give us good ROI. If you have discretionary income then you can invest and hold Bitcoin for longer duration otherwise you might end up selling your Bitcoins in short run to meet your daily livings. If you are following DCA strategy then make sure you can hold it for at least 4 years.

[Adams0001]

More than knowledge and skills, patience and consistency are also essential to achieve one's success. A lot wanted to enter bitcoin investment and aggressively buy bitcoin and hold. But when the market suddenly crash and make an effect to bitcoin price, these investors start to hesitate if they will continue to invest or not, and eventually decide to leave the market at a loss.

Consistency is mostly never realized, that's the sad reality. If only they can be patient with bitcoin's high volatility, then they can also assure consistency on what they have started at first.

If you're patient in bitcoin investment you will surely succeed in it because any investment or business always need patient because you can't just start investment now I think you will be profitable next day, you can probably face some challenges in the market but your patient will make you stronger and keep strong thing you achieve your goals but if you don't have patient and consistency nothing will work out in the ends because the moment you see the price of bitcoin is dropping that is how you will start to be scared and try to sell in lose but when you understand it and you're patient in it nothing will make you feel weak you will keep pushing in your investment thing you achieve your goal because bitcoin if you're have invest in it just try to forget about it and wait for your target before selling it.

[ejikeme24]

There are many strategies out there which we can follow to get good profit from Bitcoin. DCA is backed by lot of proofs from the past that tells us that if we keep accumulating Bitcoin through DCA strategy for 4 years or more then our Bitcoin investment will give us good ROI. If you have discretionary income then you can invest and hold Bitcoin for longer duration otherwise you might end up selling your Bitcoins in short run to meet your daily livings. If you are following DCA strategy then make sure you can hold it for at least 4 years.

Even if you chose to buy in lump sum your Bitcoin investment will still give you a good ROI just as you Said but one of the importance of buying through the DCA is because it enable us to buy from different amount for example. If you're doing the DCA you might buy from $70k today probably your next week purchase might be $68k or so and after buying from This amounts let's say you have reach your investment goal or the status of overaccumulation, then you start to HODL when the price increase to 5% of your last purchase then you will be in a bigger profit than when you are buying in lump sum, but the both can still give us a good ROI if we invest and HODL for Long term.

[Hazink]

Change bitcoin has been created nobody is taking bitcoin for granted the people that does not know about bitcoin very well starting from 2009 Bitcoin is being created it is when people began to example know what is about Bitcoin some people was having a doubt about the network of cryptocurrency especially bitcoins but today many people believe bitcoin investment so the market of Bitcoin always increases and decreases and when it will decrease his many people question the development of Bitcoin so now the price is going down some people is afraid of Bitcoin investment

I am finding it difficult to read and understand what you are trying to explain here, but from the little I could get, I will have to say that anyone who is informed about bitcoin doesn't need to worry about the price change of the decrease in price is not supposed to affect how they see bitcoin or change their mind becaus they should know that as a volatile asset it's normal for it to go up and sometimes drop when they don't expect it.

[DanWalker]

Even if you chose to buy in lump sum your Bitcoin investment will still give you a good ROI just as you Said but one of the importance of buying through the DCA is because it enable us to buy from different amount for example. If you're doing the DCA you might buy from $70k today probably your next week purchase might be $68k or so and after buying from This amounts let's say you have reach your investment goal or the status of overaccumulation, then you start to HODL when the price increase to 5% of your last purchase then you will be in a bigger profit than when you are buying in lump sum, but the both can still give us a good ROI if we invest and HODL for Long term.

Bitcoin is an asset that appreciates over time, so any strategy, whether Lump sum or DCA will yield a profit if held long enough. But in my opinion, DCA is safer and can deliver significantly better return, and is suitable for all investors.

Lump sums are only suitable for those with experience, substantial capital, and a willingness to accept significant risk. Because choosing the wrong time to buy can cost us dearly. Similarly, those who went all in when Bitcoin reached $126k will take years to recoup their investment, let alone make a significant profit.