Keys to be successful in Bitcoin

[Agbe]

Good points but I think patience should be added to the list as well, the market rewards patience, you might have all the knowledge about Bitcoin but still impatient to wait for your investment to reach your target especially when the market is going through a dip. If you hope yo to be successful with Bitcoin investment you must also learn to practice risk management, this can go a long way in cutting down losses.

[Bluedrem]

Only patience can take Bitcoin investors to the ultimate peak of success. You all know how effective Bitcoin is in economic prosperity. Many times, despite knowing it, people panic and sell their Bitcoin portfolios for various reasons, and many times they invest with the wrong money and have to sell their accumulated Bitcoins in financial crisis.
But the right strategy in Bitcoin investment is that you can never invest with the money allocated for it after getting the initial demand. That is, you have to use money that comes from discretionary income for Bitcoin investment.
Later, you have to leave all FOMO, FAD, etc. behind and have faith in Bitcoin and be patient, only then will it be possible to achieve prosperity by investing in Bitcoin in the end.

[purple_sparkles]

I support the idea that it’s very important to stay patient and react calmly to Bitcoin’s high volatility. I also believe that moments when Bitcoin drops sharply are good opportunities to buy, rather than panic.As for intuition about when to sell and recognizing peak growth moments, I don’t think it’s wise to chase the absolute top. Practice shows that while waiting for a higher price, you can easily miss the right moment. It’s important to lock in profits periodically and buy back during strong pullbacks. Personally, I like to use DCA during downturns to accumulate bitcoin more comfortably.

[melinoe]

I support the idea that it’s very important to stay patient and react calmly to Bitcoin’s high volatility. I also believe that moments when Bitcoin drops sharply are good opportunities to buy, rather than panic.As for intuition about when to sell and recognizing peak growth moments, I don’t think it’s wise to chase the absolute top. Practice shows that while waiting for a higher price, you can easily miss the right moment. It’s important to lock in profits periodically and buy back during strong pullbacks. Personally, I like to use DCA during downturns to accumulate bitcoin more comfortably.

You never know where is the bottom.. You can only react to the dips or decide for yourself when to buy, and await said price to do so.

[Makus]

I support the idea that it’s very important to stay patient and react calmly to Bitcoin’s high volatility. I also believe that moments when Bitcoin drops sharply are good opportunities to buy, rather than panic.As for intuition about when to sell and recognizing peak growth moments, I don’t think it’s wise to chase the absolute top. Practice shows that while waiting for a higher price, you can easily miss the right moment. It’s important to lock in profits periodically and buy back during strong pullbacks. Personally, I like to use DCA during downturns to accumulate bitcoin more comfortably.

patience is of utmost importance when it comes to investing in bitcoin and those that find it difficult to control their emotions would not be able to invest in it and that includes other aspects of the crypto market as well. using DCA to buy the dip when the market is going through a downtrend is very effective and profitable in the long run but a lot of people are yet to take advantage of this and the reason why people are scared to buy the dip is because they are scared that the price of bitcoin will continue to reduce after buying it.

[Hazink]

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.

Depends on the type of mistake and what you consider to be a mistake. If the mistake is buying and selling out of panic, they are mistakes that can be corrected and learned from, but if the mistake happens to be linked with losing access to your coin due to hacking, loss of keys such I see everything wrong with such and if possible nobody should allow itself to make such mistake.

[Plutomanian]

Good points but I think patience should be added to the list as well, the market rewards patience, you might have all the knowledge about Bitcoin but still impatient to wait for your investment to reach your target especially when the market is going through a dip. If you hope yo to be successful with Bitcoin investment you must also learn to practice risk management, this can go a long way in cutting down losses.

Patience is a  important tool in making sure you're successful in bitcoin investment.  This is the feature that will keep one on the lines because stepping up becomes very necessary in the space. What are the images that clicks when we happen to let things go south? We don't just invest because we want to invest, rather we invest in good projects and understand how the market works.

[ejikeme24]

If you want to be successful in bitcoin investment then you need to be very discipline and also risk bearing is very important, this two things is very essential as it can  help us achieve whatever we wish to achieve, so if you ask me I would say that risk and discipline is the key because if you're not discipline enough you might end up selling your holdings along the line especially during the dip, but when you're disciplined you can decide to keep holding your bitcoin regardless until you get to your achieve your investment goal and so shall it be.

[OcTradism]

Depends on the type of mistake and what you consider to be a mistake. If the mistake is buying and selling out of panic, they are mistakes that can be corrected and learned from

Buying and selling are like a pair and mistakes usually are made with both buying and selling, even steps a person did before buying. If a person began bad before buying, that purchase will be in a very weak situation that can be one of main reasons for panic selling later.

There is no panic buying and you are wrong about that, there is FOMO buying that makes people uncertain about what will happen next, as well as it's their bad risk management at beginning too. They're all bad contributors for weak mentality and panic selling later.

It's only possible learning and fixing from mistakes if that person did these things with Spot trading, while if mistakes are made with Margin or Futures Trading, most of initial capital will be lost through liquidations and there will be no much remaining fund and opportunity to come back.

but if the mistake happens to be linked with losing access to your coin due to hacking, loss of keys such I see everything wrong with such and if possible nobody should allow itself to make such mistake.

It's not about trading, it's more about security.

Bitcoin security and resources.
Securing your wallet.
Bitcoin security guide.

[Kikoben]

Never sell or buy by Impulse keep away from booze before doing any trades, Review the market and always stay updated in current world events, should have said that to my self long ago good luck.

[Claudio973]

The key to be successful in Bitcoin requires so many strategies and methods. There are so many ways one can be successful in Bitcoin which are; storing your Bitcoin using hardware wallet, always being active in the Bitcoin market to see new developments and also always investing on yourself what you can afford to lose. For everyone to be successful in this life it requires strategies and when you get the right strategies on how to become successful in Bitcoin, everything will work in favor of you.

[Big Dirams]

If you want to be successful in bitcoin investment then you need to be very discipline and also risk bearing is very important, this two things is very essential as it can  help us achieve whatever we wish to achieve, so if you ask me I would say that risk and discipline is the key because if you're not discipline enough you might end up selling your holdings along the line especially during the dip, but when you're disciplined you can decide to keep holding your bitcoin regardless until you get to your achieve your investment goal and so shall it be.

I agree with you though, to be successful with bitcoin there are a lot of things to be considered but some might not be important as the other but they just help to hold each each other at the long run. Bitcoin investment shouldn’t be a quick investment, a lot of patience should be channel into it and also one should have a plan and strategy so we wouldn’t be moved by any market situations because we have our aiming points no matter the drawbacks.
 Having the perfect or strong strategy is not the only option to success but staying disciplined and allowing, trusting our strategy till the very end is act of discipline and with that we can achieve ur goals and see if truly our strategy is worth it or not.
Risk management is something many holders over look not knowing that it helps a lot and prevent us from losing a lot of money despite there are losses but with risk management we can absolutely reduces our loss and improve our chances of success. 

[SilverCryptoBullet]

‎I think a lot of people here are still trying to time the bottom perfectly and ending up sidelined while the train leaves the station.

They want to find the bottom price and time the market. There are two different tasks they want to do well at the same time: finding the bottom price accurately, and the second task is timing the market like when that bottom price will appear.

Two tasks must be done accurately, and it's very hard to do, otherwise you can say it is impossible and by that challenge people must have a more realistic approach. There is Dollar Cost Averaging strategy that can help people doing their investment more easily.

The first site is for DCA purchases and the second site is for DCA take profit.
https://costavg.com/
https://bitcoindata.science/withdrawal-strategy

[As-Soon-As]

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 .

To be successful in Bitcoin, of course your points will play an effective role, but in this case I want to say something else here that long-term planning in Bitcoin. But it would be best if it is possible to hold Bitcoin in the long term, a person must have knowledge about Bitcoin, how to control Bitcoin and how to hold it in the wallet for a long time. So it is necessary to have knowledge about Bitcoin, experienced people and skills play the most important role in holding Bitcoin. Using strategy is very important to be successful.

[liasbaa]

To be successful in Bitcoin, discipline and patience are more important. Even if you are not very skilled in Bitcoin you can be successful in Bitcoin. To be successful in Bitcoin follow some of the previous examples. Among them, some did not succeed in Bitcoin and some did succeed. Distinguish between these two people and follow those who are successful in Bitcoin investment.

If you follow successful investors, you will see that they were focused on long term Bitcoin accumulation. They were focused on holding Bitcoin and implemented long term plans instead of short term gambling.

Focus on steady income Avoid allocating full funds to investments and keep cash funds available Buy aggressively and increase portfolio during price declines.

[betswift]

To be successful in Bitcoin, discipline and patience are more important. Even if you are not very skilled in Bitcoin you can be successful in Bitcoin. To be successful in Bitcoin follow some of the previous examples. Among them, some did not succeed in Bitcoin and some did succeed. Distinguish between these two people and follow those who are successful in Bitcoin investment.

If you follow successful investors, you will see that they were focused on long term Bitcoin accumulation. They were focused on holding Bitcoin and implemented long term plans instead of short term gambling.

Focus on steady income Avoid allocating full funds to investments and keep cash funds available Buy aggressively and increase portfolio during price declines.

it depends on what we ourselves define as "successful".

If it having any kind of profit at the start of our journey - being successful is truly easy.

If it's a big sum to get and hodl - then it would be a harder task, but still doable through the years.

[Awaklara]

To be successful in Bitcoin, of course your points will play an effective role, but in this case I want to say something else here that long-term planning in Bitcoin. But it would be best if it is possible to hold Bitcoin in the long term, a person must have knowledge about Bitcoin, how to control Bitcoin and how to hold it in the wallet for a long time. So it is necessary to have knowledge about Bitcoin, experienced people and skills play the most important role in holding Bitcoin. Using strategy is very important to be successful.

I think the meaning of success can have different meanings for each person. Perhaps what is meant by success for some people is generating profit. But there are other people who think that using Bitcoin for transactions to replace fiat is also a form of success. If you use Bitcoin to buy goods or pay for services, that is also a success for someone using Bitcoin. Knowledge will become an important factor that cannot be ignored. After all, this is related to technological developments that will continue to occur.

[fikrett]

I think the meaning of success can have different meanings for each person. Perhaps what is meant by success for some people is generating profit. But there are other people who think that using Bitcoin for transactions to replace fiat is also a form of success. If you use Bitcoin to buy goods or pay for services, that is also a success for someone using Bitcoin. Knowledge will become an important factor that cannot be ignored. After all, this is related to technological developments that will continue to occur.

BTC is the future.

And those that go out for it now will thank themselves later, much later in the timeline of all events unfolding.

[Olatundespo]

To be successful in Bitcoin, of course your points will play an effective role, but in this case I want to say something else here that long-term planning in Bitcoin. But it would be best if it is possible to hold Bitcoin in the long term, a person must have knowledge about Bitcoin, how to control Bitcoin and how to hold it in the wallet for a long time. So it is necessary to have knowledge about Bitcoin, experienced people and skills play the most important role in holding Bitcoin. Using strategy is very important to be successful.

I think the meaning of success can have different meanings for each person. Perhaps what is meant by success for some people is generating profit. But there are other people who think that using Bitcoin for transactions to replace fiat is also a form of success. If you use Bitcoin to buy goods or pay for services, that is also a success for someone using Bitcoin. Knowledge will become an important factor that cannot be ignored. After all, this is related to technological developments that will continue to occur.

You can often choose to measure success in terms of money, but in reality, success can be defined as your socio-economic development. There are many wealthy people who are not successful because they have more needs. You can prioritize Bitcoin investment over fiat for financial success. Sometimes you can apply that success alternatively because most investors do not like to be tied to one environment, they are looking for more profits.

Knowledge is an asset that is much more valuable than any other asset. The foundation of knowledge is established with your need for knowledge and most intelligent people believe that it is the key to success.

[Smartvirus]

You never know where is the bottom.. You can only react to the dips or decide for yourself when to buy, and await said price to do so.

The reason why many potential Bitcoin investors ends up procrastinating is the fact that, most do subscribe to the idea of buying at the dip and that’s one point that isn’t fully established until you find price pumping again just as we have it now. When you’ve lost the opportunity at buying at this point, you find yourself with a particular need to wait it out for further dips and then it doesn’t happen which results in not having to buy at all. That’s obviously what the DCA strategy could solve for both newbie investors and investors to have being around for a while as it cuts across all constraints that might hinder you from having to invest.