Bitcoin investment a test of faith and patience.

[Cgrexp]

It's will good  to continue to learn about Bitcoin by buying regularly, and as you become more comfortable, you can increase your investment. It's best to be conservative at the beginning, ensuring that cash flow management is strong and that the money invested in Bitcoin will be available for the long term (4–10 years or more). Some people are already able to invest more aggressively in Bitcoin with strong cash flow management, discretionary income, and funds, but for most people it's necessary to build up a holding gradually and gain comfort with managing and using it over a period of 4–10 years.

[joeperry]

Every Assets that people invest into has it risk factors that ,are associated with it thesame could also  be said about Bitcoin, as Bitcoin is widely seen as a volatile asset. Making it price to always fluctuates as the price moves up and down this fluctuation in the price of Bitcoin has, made some people to be scared when ever Bitcoin is mentioned.

It's not only Bitcoin but all cryptocurrency, in my country they are scare of Bitcoin because of the price volatility but it was mostly used by scammers and claim about investment where most of the people think it's the right opportunity to invest and they think that's how Bitcoin works and in the end they are getting scammed and think that Bitcoin was a scam in general. Going back to the topic, Bitcoin is a real test of faith and patience but watching the price, or anything while you do a long term holding/investment will only led you to sell it or make wrong decision, if you're going for a long term investment with Bitcoin, the best thing to do is to stop looking at the price since emotion would really ruin your long term strategy, just come to think of it, that 1 Bitcoin's price is less than $1 when it started and now compare it in today's price, and not all country are accepting it and most of them doesn't regulate cryptocurrency, come to think of it when it's become legal.

[Rgram]

After many years to watching this space... I always have the feeling that everybody searching an investment here could get many lessons.
This not means are good or bad lessons. But for sure there is a different approach for people that use bitcoin as "tool" or as "investement".
Long term? Holding? etc etc ... all of this arrive from the "tech" behind bitcoin. Nowadays people are focusing on "make money" without understanding the underlying meaning
behind bitcoin and blockchain.

Bitcoin adoption is on the rise and as institutions are taking active part in Bitcoin investment, using it for a store of value while there are merchants that continue to include Bitcoin in their payment options. This would bring about the shift we’re Bitcoin would be used for payment of goods and services as it ought to be, just as much as we have those in today that use it for a store of value, holding it as an asset.
The technology behind Bitcoin might widely be ignored or not given much attention at this time with the minds of people set on accumulation and growing wealth but, this narrative would shift as adoption increases surely.

[Cryptomultiplier]

Those Bitcoin investors who trade with Bitcoin mostly are more susceptible to the price movement of Bitcoin because they are often faced with compromise to either sell short or diversify into other currencies or try to hold alternate currency just to avoid the dip or much of the volatility Bitcoin as a crypto currency is faced with.
Discipline makes faith and patience last, it makes consistency override the urge to do something silly and develops the emotions in ways a trader or investor may not fully understand.

FUD or FOMO must abound, still with institutional adoption and growing adoption rate of Bitcoin, the best approach during dips is to hold and accumulate more, rather than try to trade and make more losses without thoughts.

[ChocolateBitcoinK]

There is a risk involved in investing in volatile assets like Bitcoin, but yes, if one invests with proper management and planning, it is possible to control the risk. There are many who have succeeded in Bitcoin. The biggest reason for taking risk is relying on emotions because when someone invests based on emotions, he cannot make rational decisions and it is never possible to control risk with emotions. When someone looks at Bitcoin as a long-term investment, there is no place for emotions, of course, practical decisions are more important. Long-term investment is based on how you control risk, maintain financial stability and invest accordingly. Also, patience and mental stability are needed, without which the possibility of panicking and selling when the price falls increases. And an investor does not panic when the price falls when he believes in risk management and remains steadfast in discipline.

[Olotu20]

Every Assets that people invest into has it risk factors that ,are associated with it thesame could also  be said about Bitcoin, as Bitcoin is widely seen as a volatile asset. Making it price to always fluctuates as the price moves up and down this fluctuation in the price of Bitcoin has, made some people to be scared when ever Bitcoin is mentioned.I want to say that investment in Bitcoin is a test of faith and patience because, Bitcoin investment should be seen as a long term investment plan which will require you to have faith and patience no matter how the price of Bitcoin will behave. Because from what I can see when ever the price of Bitcoin is down it puts a test on somebody's faith and patience level to believe in the long term benefits associated with investing in Bitcoin .

Unless you have patience, then I will advise staying away from Bitcoin investment. Because Bitcoin isn't a quick-rich scheme from which we can become rich overnight. That's what most newbies actually expect from Bitcoin, but reality is different. Each investment has a potential risk; unless we can accept the risk, then we shouldn't invest in Bitcoin. The problem is most people don't know how Bitcoin and the Bitcoin price work, so when they see the dump, then they regret it.

On the other hand, people don't want to buy when the Bitcoin price is dipping. They think Bitcoin will dump more, and they dare to take the entry. I have seen a lot of threads where people are asking if they should invest in Bitcoin when the price starts moving upwards. It means they didn't have faith in Bitcoin when the price had been dipping. They don't trust Bitcoin actually.

Your right patience is one thing that anyone who is coming into Bitcoin should have because it's needed and necessary, This is the reason why many people who don't have patience enough tends to buy Bitcoin when the price is down. This is to show that such people don't have enough patience and faith in the process.

[AGogi2003]

There is a risk in investing in Bitcoin, but it is small, because if you want to eliminate economic shortages in the future, it is natural to invest in Bitcoin and you have to take this risk. Because risk exists everywhere, there is definitely a small risk in investing in Bitcoin, but those who invest in the present will have the most successful investment. Because investing in Bitcoin certainly plays the biggest role in eliminating economic shortages in the future.

In everything we're doing we need to know that they will always risk involved, nothing comes easily. Bitcoin investment is a good investment that will always be profitable for the long term but you just need to have patience in it before you can be profitable. Bitcoin investment have risk and the risk is that if you invest in a short term you will definitely be in lose sometimes, you won't get what you need. But to minimize your risk and be using DCA method in your investment you won't feel any worries you can be reay to face the challenges. But if you don't understand the market you will always be scared to lose your funds when the price is getting low, currently the market is not in good shap and some have sell there bitcoin because they think the price won't pump up for now is better to sell there coin.

[Emjay24]

I would like to add determination and courage to the list because bitcoin investment is best pursued with a mind of continuity and not just a one time purchase_{Unless you had such a large fund at your disposal and did only a one time buy}. it takes determination and courage to follow up your purchases and gradually accumulate until you reach your target.

You need faith and patience to hold for long without selling, but you need determination and courage to keep adding to your portfolios periodically and buying the dips when they present themselves to increase the quantity of sats in your portfolio.

[nemesis_incarnate]

I would like to add determination and courage to the list because bitcoin investment is best pursued with a mind of continuity and not just a one time purchase_{Unless you had such a large fund at your disposal and did only a one time buy}. it takes determination and courage to follow up your purchases and gradually accumulate until you reach your target.

You need faith and patience to hold for long without selling, but you need determination and courage to keep adding to your portfolios periodically and buying the dips when they present themselves to increase the quantity of sats in your portfolio.

Faith is build up on top on knowledge, or, at least it should be that way, especially with BTC, because it can be understood.

[Royal Cap]

To me long term investment means not just holding on, but deciding in advance how much money to keep and they won't have a problem if it drops. Because if you invest such an amount that if it drops, you lose sleep at night, then no matter how much they say they won't get emotional, they end up losing. Another thing I have noticed is that those who really plan their investments also check the market less. For them, Bitcoin is like a savings, not a trading asset. So they don't panic even if it gets dumped, I personally think discipline is the real strength here. You can't control the market, but you can control your own reaction. Those who can do this profit from Bitcoin and those who can't, even with a good entry, end up losing.

[john_egbert]

To me long term investment means not just holding on, but deciding in advance how much money to keep and they won't have a problem if it drops. Because if you invest such an amount that if it drops, you lose sleep at night, then no matter how much they say they won't get emotional, they end up losing. Another thing I have noticed is that those who really plan their investments also check the market less. For them, Bitcoin is like a savings, not a trading asset. So they don't panic even if it gets dumped, I personally think discipline is the real strength here. You can't control the market, but you can control your own reaction. Those who can do this profit from Bitcoin and those who can't, even with a good entry, end up losing.

There is one rule to put at play to go without such thoughts - invest only what you are willing to spend basically.. So that when it drops, you won't feel anything, because it doesn't affect your life or routine, you don't think that if your bags fall - your life will too.

[ChocolateBitcoinK]

There is a risk in investing in Bitcoin, but it is small, because if you want to eliminate economic shortages in the future, it is natural to invest in Bitcoin and you have to take this risk. Because risk exists everywhere, there is definitely a small risk in investing in Bitcoin, but those who invest in the present will have the most successful investment. Because investing in Bitcoin certainly plays the biggest role in eliminating economic shortages in the future.

In everything we're doing we need to know that they will always risk involved, nothing comes easily. Bitcoin investment is a good investment that will always be profitable for the long term but you just need to have patience in it before you can be profitable. Bitcoin investment have risk and the risk is that if you invest in a short term you will definitely be in lose sometimes, you won't get what you need. But to minimize your risk and be using DCA method in your investment you won't feel any worries you can be reay to face the challenges. But if you don't understand the market you will always be scared to lose your funds when the price is getting low, currently the market is not in good shap and some have sell there bitcoin because they think the price won't pump up for now is better to sell there coin.

There is a possibility of profit in Bitcoin but it is mainly based on the decision of the individual. We often see that despite the same market, one investor faces losses and another makes profits. Yes, there is a possibility of profit in Bitcoin in the long term but this will be confirmed only if an investor is able to withstand the market fluctuations and sustain it for a long period. DCA is a more effective method than a one-time investment because it does not require a large investment, but an investor gets the opportunity to buy small amounts gradually, which basically brings balance, but it does not actually reduce the risk. Most people lose money by selling in panic due to lack of proper financial management, so it is necessary to make arrangements so that the investment is not sold at risk.

[peter0425]

To me long term investment means not just holding on, but deciding in advance how much money to keep and they won't have a problem if it drops. Because if you invest such an amount that if it drops, you lose sleep at night, then no matter how much they say they won't get emotional, they end up losing. Another thing I have noticed is that those who really plan their investments also check the market less. For them, Bitcoin is like a savings, not a trading asset. So they don't panic even if it gets dumped, I personally think discipline is the real strength here. You can't control the market, but you can control your own reaction. Those who can do this profit from Bitcoin and those who can't, even with a good entry, end up losing.

There is one rule to put at play to go without such thoughts - invest only what you are willing to spend basically.. So that when it drops, you won't feel anything, because it doesn't affect your life or routine, you don't think that if your bags fall - your life will too.

Let’s be honest, no one wants to lose money. When people say invest only what you can afford to lose, they don’t mean you actually are preparing to lose that money. But that money you can “afford” to lose simply means extra money. Meaning you’ve already paid everything you have to pay for. Electric bills, school fees of your kids, groceries and etc. It’s not about the amount but it’s about its impact to your everyday lives. If you lose $500 when you’ve already settled all your bills, then it won’t hurt you as much as losing $10 when you know that’s your last $10.

[Outhue]

Honestly speaking, Bitcoin investment shouldn't be testing anybody's faith, because only those who are challenged one way or the other will have to go through a test of faith, if investment is testing your faith then that's because you have risk too much of money, you shouldn't worry too much about Bitcoin investment if you risk only what you can afford to lose, even having to hold for them years from now won't bother you because of your risk exposure.

[Findingnemo]

Oversimplified version of what OP said, HODL.

Better lock the thread now.

[Orpichukwu]

For me I will not agree with the word Faith because from what we know already bitcoin is not longer something that you doubt if it's going to make a price increase in the next bull run or not now it's guaranteed so it's not faith anymore, it was faith when the first people invested in bitcoin but in today it's just about patience and being able to do without the investment for a long term. This is something that anyone understands if they follow bitcoin journeys.

If you don't have faith and believe in something, it will be hard for you to hold it patiently. It's something you believe in and have faith in that's worth your investment. Earlier, before now, what people were doing was combining faith, hope and belief together before they were able to hold Bitcoin because of all the words put in, seeing the idea behind Bitcoin and why it has the potential to increase in the future, and you also need to look far behind every one of its features and far ahead, like geopolitical issues and other things. We still need to have faith in Bitcoin before the person can be able to hold it for as long as they want to.

[Fiatless]

Your right patience is one thing that anyone who is coming into Bitcoin should have because it's needed and necessary, This is the reason why many people who don't have patience enough tends to buy Bitcoin when the price is down. This is to show that such people don't have enough patience and faith in the process.

You don't need patience to buy Bitcoin; it is required to hodl. Some people bought Bitcoin during the bull season since they think it is a get-rich-quick scheme. They expect to keep the coin for a few weeks and cash out huge profits. Now when the price starts dropping, they are not patient enough to wait till another bull market. They might just decide to sell off even when they are losing.