What to do to eliminate fear and starts investing in Bitcoin

[EarnOnVictor]

For a very long time i have had about bitcoin,  how life transforming it has been to all investors but finds it difficult getting involved because I don't know where to start from and how to go about for possible results and this has stood as an obstacles depriving me access from getting same benefits others are getting from bitcoin.  I don't know if more about its working principles could be explained in detail for more clarity.

I'm happy to see your post today, and for the fact that those replies I read are not so satisfactory to me, I had to post my input as simple as it could.

1. Drop everything here right now, especially the reading of endless replies, and start searching for anything you could find about Bitcoin online, instead of random replies. I am sure you would stumble upon many good resources that will make you get loaded with the understanding. You can use Gemini or ChatGPT to fetch you the right links and articles as well.

2. Ensure you prioritise the Bitcoin's tradition of the 4-cycle in planning your investment. This is important if you want to make more. Good luck!

You are suggesting that Deegodstime use Gemini/ChatGPT to help him with bitcoin "investing?" while taking advantage of the 4 year cycle? and learning how to "make more?" 

That sounds like trading rather than investing, and you are both providing a vague suggestion regarding how to prompt the AI while also suggesting that this forum is not good to find information about bitcoin investing.

You sounded manipulative here, and actually constructed your response in the opposite of what I wrote.

Regardless, I stand by what I said, and to summarise/rephrase what I wrote to the OP:

1a. Learn Bitcoin online to allow you focus in gaining understanding, instead of random replies.
1b. Use Gemini/ChatGPT to point you to the right links and articles that will help your learning.

2. Plan your investment around the Bitcoin's 4-year cycle.

I don't think I see where Trading comes in play in that, and neither did I see where Gemini/ChatGPT is giving the direct instructions and investment advice.

[Marvelockg]

I inputted bitcoin investing into Gemini and it gave me a bunch of trading bullshit and crypto slop.  It may well be the case that AI is as confused about the difference between bitcoin investing and bitcoin trading as you have tended to show yourself to be...

Some people are traders but tell people they're bitcoin investors because they got the wrong information and couldn't differentiate between trading from long term investment. When you put profit first as a bitcoin investor, you will end up becoming a trader since profit is your major concern.

As an investor, learn to take your eyes off popular opinion that people holds and ensure that you're following your investment plan that's centred on doing more of buying than waiting for an exit route whenever there's a small bull. Traders will use every and any known means to justify Thier trading lifestyle and make it look like they are investing. While you can't force them to have a change of mentality, You also need to stand your ground such that you're not decieved by a traders perspective on what investment is about.

If you're afraid as an investor, it only means that you're paying more attention to things that are not helping you stay invested and if that's the case, it's only better to cut free from those information and ensure that you're focused on things that will motivate you to continue investing and to never sell your asset even when popular opinion suggests so.

[Sim_card]

It is very easy for you to learn and understand Bitcoin as long as you have access to the internet. As a beginner, all you have to know about Bitcoin are the basic concepts, such as understanding Bitcoin as a volatile asset. If you decide to invest in Bitcoin, you need to invest an amount you can afford to lose. The major challenge people face with Bitcoin is the volatility, which they perceive as a risk. When the price of Bitcoin falls, they feel their investment is at a loss, and this is how many beginner investors end up losing money. When one is able to understand volatility, it means the biggest challenge has been solved, and there are good chances that if one invests wisely, a good profit can be made. When volatility is not understood, the fear of losing will always be there.

How will you understand bitcoin volatility if you're not in the market accumulating bitcoin. I feel in every aspect of Bitcoin investment practical is the best way to learn fast and better because if I'm not investing as a no coiner, I wouldn't understand that even if bitcoin price dips, it can still recover again.

If you're learning about volatility without investing, you will only be discouraged to invest into bitcoin. However, it's only traders that should be talking about volatility and not a long term investor because as a long term investor, you are only to be buying bitcoin using DCA to build and grow your bitcoin portfolio overtime regardless of the price of bitcoin when you're buying.

This is the main reason why you should invest with only your discretionary income by using small amount if you don't have the confidence in bitcoin and when you have gained confidence through your regular purchase and learning about bitcoin, you can increase your DCA amount and invest aggressively.

[yixichloro2xx]

I inputted bitcoin investing into Gemini and it gave me a bunch of trading bullshit and crypto slop.  It may well be the case that AI is as confused about the difference between bitcoin investing and bitcoin trading as you have tended to show yourself to be...

Some people are traders but tell people they're bitcoin investors because they got the wrong information and couldn't differentiate between trading from long term investment. When you put profit first as a bitcoin investor, you will end up becoming a trader since profit is your major concern.

As an investor, learn to take your eyes off popular opinion that people holds and ensure that you're following your investment plan that's centred on doing more of buying than waiting for an exit route whenever there's a small bull. Traders will use every and any known means to justify Thier trading lifestyle and make it look like they are investing. While you can't force them to have a change of mentality, You also need to stand your ground such that you're not decieved by a traders perspective on what investment is about.

If you're afraid as an investor, it only means that you're paying more attention to things that are not helping you stay invested and if that's the case, it's only better to cut free from those information and ensure that you're focused on things that will motivate you to continue investing and to never sell your asset even when popular opinion suggests so.

I hope people can learn from what you said. Because people who still don't understand Bitcoin are easily convinced or influenced by people who gives false information. When alot of incompetent investors (Aka traders) are shouting sell your Bitcoin now, someone who  doesn't have the right understanding due to lack of ignorance of not leaning about Bitcoin when they began accumulating will.panic and sell off their holdings at the wrong time. What makes people think that these Traders are really profiting from Bitcoin is because of the kind of fake lifestyle and testimonies they post around which makes innocent guys believe them. Hadn't been guys actually try to do their own research, it will be hard for them to be influenced. Just as someone needs a strong mindset to serve in the army, an investor also needs a strong mindset to stay focused on longterm accumulation and gains.

[Kelward]

The massive adoption of Bitcoin by individuals and institutions as a store of value should give you some confidence to eliminate your fear whether it is a scam or not, Bitcoin has gone through a lot of skepticism and today a lot of us that had negative things to say about it are holding it. So if you decide that Bitcoin is not a scam you can start to invest even without gaining extensive knowledge about it, as time goes on you can continue to increase your knowledge.

It is important to note that Bitcoin is not a get rich quick scheme, it is a volatile asset that you need to have a lot of patience for it to always reach ATH and that is why you should have a goal of holding for many years. Buy Bitcoin with your discretionary funds so that you wouldn't be under pressure to sell when your basic needs arises. Finally if you're focused to accumulate for a long term you should choose DCA strategy and buy when you have available funds for it.