Keys to be successful in Bitcoin

[SeriouslyGiveaway]

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.

It's not pure saying and we can verify it with Bitcoin market history, its ROI over past years, and some websites for checking things like Bitcoin profitable days, Hold.camp for likely holding time for profit.

I list these sites below, everyon can visit them and check for more details. Generally, Bitcoin has very good ROIs over past years and most of people holding days are profitable days.
https://hodl.camp/
https://www.bitcoinmagazinepro.com/charts/bitcoin-profitable-days/
https://cryptorank.io/price/bitcoin/analytics
Bitcoin & traditional assets ROI: https://casebitcoin.com/

DCA Bitcoin for accumulating more coins, and having bigger Bitcoin portfolio as well as enjoying more profitable days.
https://costavg.com/

[Bitcoin_people]

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 .

The point you mentioned at the beginning is very important, because if a person cannot keep his attention on one side to invest in Bitcoin, then he will never be able to invest for a long time. One should always keep in mind that he has to invest in Bitcoin himself and be successful in the future and implement a plan so that everything can be managed well. However, if Bitcoin is not invested and held for a long time, then success is not possible, that is why we should pay attention to and hold the investment for a long time.

[KataifiDream]

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.

those who can’t be consistent most likely came from hearsays that bitcoin can make you a millionaire in a snap and when they don’t see that they end up throwing a tantrum and thinking they were fooled or scammed

Haha! That was literally me when I was in college and first heard about bitcoin from my colleagues. Still I'm still not consistent when it comes to crypto. How I wish that I can be consistent.

[Makus]

If you are holding bitcoin there is nothing you need more than being patient and of course always taking advantage of opportunities, by that I mean seeing the lowest point of the market as an opportunity to buy the dips instead of selling your coins, this is where having knowledge comes in. You cannot hope to become successful in bitcoin and be emotional, this is not going to take you anywhere. Bitcoin comes with a lot of opportunities if only you can take advantage of them, the dip isn't supposed to be something you react to and start panicking because there is no phase in the market that's permanent. Another key to being successful in bitcoin is to only focus on long-term holding, this goes a long way and it's capable of giving you something substantial in the future, for those that can be patient enough they will succeed. All you need to do is hodl for a longterm, when the market crashes buy the dips and accumulate more and don't let other people's judgement affect or influence the decisions that you make.

[Alonso_]

Investing in Bitcoin doesn't require you much things, all you have to do is have a discretionary income, then you can plan your different cashflow then you can start working something from there when you have your discretionary income, when you start buying Bitcoin probably first 3 months of buying Bitcoin then you can start having your backup funds which is made up of emergency fund, reserved funds, which will obviously help and enable you to buy more Bitcoin into your portfolio, then you can still continue to work on different cashflow strategies that will help you buy more Bitcoin and sustainably increase your amount of buying bitcoins which can possibly make you to be more aggressive in buying and holding Bitcoin.

[GIF-JOBS]

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 .

The point you mentioned at the beginning is very important, because if a person cannot keep his attention on one side to invest in Bitcoin, then he will never be able to invest for a long time. One should always keep in mind that he has to invest in Bitcoin himself and be successful in the future and implement a plan so that everything can be managed well. However, if Bitcoin is not invested and held for a long time, then success is not possible, that is why we should pay attention to and hold the investment for a long time.

Having a strong mindset is really important especially when one wants to invest in Bitcoin for the long term. By long term investment we mean holding it for at least four to eight years. And if one changes his decision repeatedly due to fear during this period, it is not possible to remain steadfast in the investment. Therefore, it is necessary to set a goal in investment that is how much you are able to invest and for how long you are able to hold it. You should take risks and determine the amount of investment according to your goals and capabilities. Rational decisions based on planning rather than relying on emotions are more effective in retaining the investment.

[Ever-young]

Haha! That was literally me when I was in college and first heard about bitcoin from my colleagues. Still I'm still not consistent when it comes to crypto. How I wish that I can be consistent.

If wishes were horses…
Investing or being consistent in Bitcoin investing requires intentionality, it’s not just about wishing mate… you need need to know why you want to invest in bitcoin and then set a plan, just like you knew you need to go to college, you went further to gain your admission into college, you prepared for your tests and exams, and your goal is to graduate one day and then you work towards that goal without considering the setbacks you experienced on the way, in summary, you were intentional about it. That’s just how investing in Bitcoin is.

[RockBell]

Investing in Bitcoin doesn't require you much things, all you have to do is have a discretionary income, then you can plan your different cashflow then you can start working something from there when you have your discretionary income, when you start buying Bitcoin probably first 3 months of buying Bitcoin then you can start having your backup funds which is made up of emergency fund, reserved funds, which will obviously help and enable you to buy more Bitcoin into your portfolio, then you can still continue to work on different cashflow strategies that will help you buy more Bitcoin and sustainably increase your amount of buying bitcoins which can possibly make you to be more aggressive in buying and holding Bitcoin.

It does not require much but the same time it still requires more things a well secured income is very important because you can not do anything without having money and then you learn the steps to start with because there is no way that you will be successful if you don't take the right steps because when it comes to buying of bitcoin it is easy to buy the only thing is for the money to be available for you to buy because if the money is not available then there is no way you can get what you want so first things first the money is what is the most important than even knowledge because after the money then the knowledge can follow and since it's only buying and holding basics are what is needed.

Reserved funds for emergency is not bad because you can use the money for any form of emergency and that is why it has to be in the list because most people don't even know the reasona why you need to have an emergency fund and when they check there dictionary well they should know what it is been used for and how important having it can be so it can not be strike out of the list if you want to be a successful holder.

[JiiBs]

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 .

The point you mentioned at the beginning is very important, because if a person cannot keep his attention on one side to invest in Bitcoin, then he will never be able to invest for a long time.

Having to do it right when you haven’t got much for confidence in Bitcoin but still wants to build something of it for yourself, why you would need most of all is a strategy towards investing and none other has proved more useful for startups than the DCA strategy. It ensures you are always investing, not minding the activities in the market.

After that you would need patience to keep you going and staying through to your aims or goals on a long term and yet another one would be having that sense of security about your investment. You ensure you learn what need be and what not to so, you don’t end up loosing it all to fraudsters.

[Youngrebel]

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 .
 .
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 .

This one strikes and resounds so much on my ears.  For those using the success of others as a yardstick of measurement for their own success, this one is for them. Also for those who want to run at theaame pace of life as another persons own, who that not everyone has thesame destinies and not everyone will success at thesame pace.

[Cgrexp]

Investing in Bitcoin doesn't require you much things, all you have to do is have a discretionary income, then you can plan your different cashflow then you can start working something from there when you have your discretionary income, when you start buying Bitcoin probably first 3 months of buying Bitcoin then you can start having your backup funds which is made up of emergency fund, reserved funds, which will obviously help and enable you to buy more Bitcoin into your portfolio, then you can still continue to work on different cashflow strategies that will help you buy more Bitcoin and sustainably increase your amount of buying bitcoins which can possibly make you to be more aggressive in buying and holding Bitcoin.

It does not require much but the same time it still requires more things a well secured income is very important because you can not do anything without having money and then you learn the steps to start with because there is no way that you will be successful if you don't take the right steps because when it comes to buying of bitcoin it is easy to buy the only thing is for the money to be available for you to buy because if the money is not available then there is no way you can get what you want so first things first the money is what is the most important than even knowledge because after the money then the knowledge can follow and since it's only buying and holding basics are what is needed.

Reserved funds for emergency is not bad because you can use the money for any form of emergency and that is why it has to be in the list because most people don't even know the reasona why you need to have an emergency fund and when they check there dictionary well they should know what it is been used for and how important having it can be so it can not be strike out of the list if you want to be a successful holder.

It is better to start early than to delay investing, but every new investor needs to have discretionary income and basic knowledge to start. Discretionary income needs to be distinguished from fixed income, that is, money that is outside of basic and necessary expenses. In addition, common sense creates a conscious mindset about the importance of money and the mindset of facing risks. Due to which new investors can consistently save and maintain long-term goals from a trading mindset to an investment mindset. New investors should first determine the amount of funds under their consideration and ensure that they are not investing outside this fund. This helps them get used to the safe process without turning it into gambling or unnecessary risk.

[Basels]

What you wrote there sounds more like a motivational speech than a practical guide that anyone could find useful if they're a serious investor in Bitcoin. How does being focused and not being jealous grow your Bitcoin investment. You have to name the specifics and explain how I can be focused, on what I should focus on. Should I focus on the bull market or the bear? When the price surges or when it drops?

[Bastketsrus]

Basic knowledge first and you start your investment, having the basic knowledge does not stop you learning further, Bitcoin is al about continuity, the learning does not stop, for someone that finds Bitcoin worthy of his investment, such persons should be ready to learn new things always, we should understand that Bitcoin being an innovation has much in it.
Patience is one of the key of becoming very successful in Bitcoin investment, as an investor especially those that has set their plans for a long-term, patience to achieve your aim is what you need, good planing which involves investing with your discretionary income which makes you not to go beyond what you can afford, having an emergency funds helps too as it will help an investor not to withdraw from his hodling, with these few listed here, an investor can keep it going.

In fact, the more we know about Bitcoin, the more we are able to invest in it, so we should learn even after investing because it will benefit us a lot. Reading Bitcoin is not that it is difficult, but it is better to understand it by making it difficult. Because sometimes there are such points in Bitcoin in which it becomes quite difficult to understand and as Bitcoin had become quite difficult in the past, we should never be unable to understand it. This is something that is kept in Bitcoin for a long time and to understand Bitcoin on a large scale, we will benefit from it at small points. This clearly shows that there are benefits for us from every side of Bitcoin that we should get from it. Similarly, we should keep understanding Bitcoin so that we get the opportunity to invest more.

True, learning about Bitcoin never really stops. The more we understand it, the more confident we become in our decisions. Some things seem hard at first, but with time and patience it gets easier.

[Bastketsrus]

What you wrote there sounds more like a motivational speech than a practical guide that anyone could find useful if they're a serious investor in Bitcoin. How does being focused and not being jealous grow your Bitcoin investment. You have to name the specifics and explain how I can be focused, on what I should focus on. Should I focus on the bull market or the bear? When the price surges or when it drops?

I think the point is more about mindset than giving technical steps. Being focused means sticking to your plan no matter if it’s a bull or bear market, instead of reacting emotionally to price moves or comparing yourself to others. In Bitcoin, consistency like regular buying, patience, and long-term thinking matters more than chasing every market trend.

[Just Say]

You definitely mentioned the right keys because what should be done to make Bitcoin investment successful can be a relative matter. However, I think that any man or woman should be attentive in investing and if the market is down after creating geopolitical chaos, they will have to manage their BTC savings with concentration. Moreover, the right guidelines for investing are very important, as you have already mentioned, even patience and mental control should not be ignored when it comes to Bitcoin investing. So at this stage it seems that beyond the things that the OP has discussed, one should be able to study Bitcoin in depth and know how to manage our basic security measures, besides in my opinion, everyone should have a sense of digital gold investment security and know which wallets are best for that.

[puloweh555]

You definitely mentioned the right keys because what should be done to make Bitcoin investment successful can be a relative matter. However, I think that any man or woman should be attentive in investing and if the market is down after creating geopolitical chaos, they will have to manage their BTC savings with concentration. Moreover, the right guidelines for investing are very important, as you have already mentioned, even patience and mental control should not be ignored when it comes to Bitcoin investing. So at this stage it seems that beyond the things that the OP has discussed, one should be able to study Bitcoin in depth and know how to manage our basic security measures, besides in my opinion, everyone should have a sense of digital gold investment security and know which wallets are best for that.

To achieve success in Bitcoin, what you said is absolutely true. When investing you must have in depth knowledgestarting with studying the fundamentals of the asset you want to invest in and the security of storing it, especially if the goal is long term. Without this knowledge you will doubt the asset you want to invest in, especially during market fluctuations which can cause panic and make poor decisions.

When you have knowledge about Bitcoin and its security, you will be optimistic about the asset you invest in which will make you resilient and unafraid to take risks. Furthermore, you must cultivate a mindset that Bitcoin is one of the many factors that influence your success, along with experience, skills, consistency and so on.

This mindset will influence your daily habits and actions and you will avoid thinking that investing in Bitcoin is a way to get rich quick. Having a positive mindset can change your behavior and actions in a positive direction leading to success. Because when you risk your money to grow there are naturally risks involved. However, you will not worry if you learn and start with the right mindset then you will succeed in becoming a good investor.

[Oluwa-btc]

You guys have said it all correctly,for one to attain success in Bitcoin,there're key areas to focus on.You must educate yourself,think long-term, manage risk properly,secure your assets,control emotions,stay updated,learn from experts,follow up trends and stay updated.Lastly,prioritize an educative mindset because it'll serve you long-term.

[MusaPk]

If you are holding bitcoin there is nothing you need more than being patient and of course always taking advantage of opportunities, by that I mean seeing the lowest point of the market as an opportunity to buy the dips instead of selling your coins, this is where having knowledge comes in. You cannot hope to become successful in bitcoin and be emotional, this is not going to take you anywhere. Bitcoin comes with a lot of opportunities if only you can take advantage of them, the dip isn't supposed to be something you react to and start panicking because there is no phase in the market that's permanent. Another key to being successful in bitcoin is to only focus on long-term holding, this goes a long way and it's capable of giving you something substantial in the future, for those that can be patient enough they will succeed. All you need to do is hodl for a longterm, when the market crashes buy the dips and accumulate more and don't let other people's judgement affect or influence the decisions that you make.

Bitcoin is best asset of investment, if we are willing to invest for at least four years. We also have DCA strategy that we can follow for best results. The key is we must have patience to hold our Bitcoins for long term. If you are willing to invest for long term then you have to bear the dumps like we have right now. Majority sell when price goes down and they buy when price goes up but thats wrong strategy. The correct approach is to buy when price goes down and sell when price goes up. The current price is an excellent opportunity to buy more bitcoins.       

[john_egbert]

You guys have said it all correctly,for one to attain success in Bitcoin,there're key areas to focus on.You must educate yourself,think long-term, manage risk properly,secure your assets,control emotions,stay updated,learn from experts,follow up trends and stay updated.Lastly,prioritize an educative mindset because it'll serve you long-term.

I would also add up that there is nothing wrong with making mistakes.. Because it's part of the process We need to learn and move forward.

[Rabata]

If you are holding bitcoin there is nothing you need more than being patient and of course always taking advantage of opportunities, by that I mean seeing the lowest point of the market as an opportunity to buy the dips instead of selling your coins, this is where having knowledge comes in. You cannot hope to become successful in bitcoin and be emotional, this is not going to take you anywhere. Bitcoin comes with a lot of opportunities if only you can take advantage of them, the dip isn't supposed to be something you react to and start panicking because there is no phase in the market that's permanent. Another key to being successful in bitcoin is to only focus on long-term holding, this goes a long way and it's capable of giving you something substantial in the future, for those that can be patient enough they will succeed. All you need to do is hodl for a longterm, when the market crashes buy the dips and accumulate more and don't let other people's judgement affect or influence the decisions that you make.

Bitcoin is best asset of investment, if we are willing to invest for at least four years. We also have DCA strategy that we can follow for best results. The key is we must have patience to hold our Bitcoins for long term. If you are willing to invest for long term then you have to bear the dumps like we have right now. Majority sell when price goes down and they buy when price goes up but thats wrong strategy. The correct approach is to buy when price goes down and sell when price goes up. The current price is an excellent opportunity to buy more bitcoins.       

Investors need to be patient when investing in Bitcoin. If they buy after the price increases and sell when it decreases, then the investor will never be able to profit from Bitcoin. Those who are prudent investors wait for the right time. When the market falls, they do not get panic but try to buy some more Bitcoin if possible at that time. Who can guess well about Bitcoin are never interested in short-term investments. In terms of long-term investments, those who do DCA are the most profitable from Bitcoin. They do not get upset even in the down trend market. In terms of success in Bitcoin, those who invest for the long term will be successful in their investment.