What to do to eliminate fear and starts investing in Bitcoin

[Deegodstime]

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.

[Wiwo]

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 obstacle depriving me access from getting the 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.

Let me answer you based on your topic title about how to eliminate fear, while investing in bitcoin as a newcomer, first you have to gain knowledge about bitcoin know how to securely keep your bitcoin to achieve the freedom you wish, secondly, put the amount you can afford to set aside for a long period of time without pressure to withdraw anytime soon.

Being active on this forum and reading some of the helpful Bitcoin-related topics, which will eventually build your confidence level based on the knowledge you get from those topics, we have topics on DCA and other Bitcoin investment-related models that are helpful too.

Just take your time to read through them, and don't rush into anything you don't really understand, just ask.

[jossiel]

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.

Start it out and deal with the risk and fear later.

Because if you're going to let your fear stop you from investing, you'll never know what will happen next.

We're also the same as you before where we're so scared of what might happen if it won't work out.

But fortunately, it did worked for many of us and that's why just start it and invest and deal with the consequences later, good or bad!

[Jegileman]

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.

If you’re still having doubt and fear on what you want to invest into, then you’ll probably never be able to handle the many risk and uncertainty that comes with investing in bitcoin. Bitcoin is not a rocket science and everything about its operation is clear enough for even a layman to understand when they show interest in it.

Firstly, have the knowledge about bitcoin and make sure you’ve made up your mind to face bitcoin as it is, neglecting the disadvantageous part of it and focusing more on its potential advantage you can derive after investing into it. Bitcoin is decentralized which its decentralized nature can’t be deprived from any other source like it.

[rbynxx]

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.

Your fear now turns to regret and that's something you need to ponder. There has been a lot of tutorial out there to get you started but I think you clearly didn't take any action. I think you don't have to know the working principles around it, it's not that complicated as long as you want to be involved or want to get started. That fear is a hindrance but you're probably too safe to join but I think it's not yet late and definitely asking ain't that bad at all, it's great you're now curious more than ever.

[silpersurfer]

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.

You only need to invest gradually, accumulate bitcoin with DCA strategy so that you don't feel so heavy in buying bitcoin, the best collection time is when the market is bearish like now where when the market starts bullish you will only see profit growth from your bitcoin.
Keep the bitcoins you buy in a safe place and you are the only person who controls them, do not store on the exchange or in any place that allows people to access your bitcoins, and keep them as long as possible, the longer you keep your profits you will never regret, and of course that way you can get into our section.

[AmoreJaz]

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.

Your fear now turns to regret and that's something you need to ponder. There has been a lot of tutorial out there to get you started but I think you clearly didn't take any action. I think you don't have to know the working principles around it, it's not that complicated as long as you want to be involved or want to get started. That fear is a hindrance but you're probably too safe to join but I think it's not yet late and definitely asking ain't that bad at all, it's great you're now curious more than ever.

That is true, with so many tutorials these days, it is like you all have the options to learn something and it is up to you if you will do it or not. So yes, there's no reason for someone to be ignorant in this age. Start small. Don't use your savings, just use your extra to test. You need to be comfortable first in your crypto transactions. Because without the confidence in sending back and forth your crypto, would be hard for you to start investing. You don't need to enroll in a class or find an expert. Because all the tutorials are already here even in this forum. Just try to hit search.

So to eradicate such fear is to educate yourself. Don't rush yourself in learning all things in one day. Take your own pace to learn something. Invest in educating yourself for something you don't know yet. This is not a race as you are dealing with your funds. So it is yourself that will take care of your investments and not others.

[NurseHub]

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.

Basically it's always difficult to start something that you have no clue about but I promise you that reaching out to bitcointalk and having the gods to create a thread you have beaten the fear or  eliminated the fear unconsciously however what I will like you to know is that there is no smooth road any where so you need to stay consistent reading and figuring out things as time may pass by, you don't have to rush into bitcoin because people are benefiting from it, why you need to ask is why am I here, what am I here for? this will give you purpose and drive for doing what you want to do with bitcoin then you can go about putting small small money into it just like saving up fiat, it's as easy as that

[Wiwo]

You only need to invest gradually, accumulate bitcoin with DCA strategy so that you don't feel so heavy in buying bitcoin, the best collection time is when the market is bearish like now where when the market starts bullish you will only see profit growth from your bitcoin.
Keep the bitcoins you buy in a safe place and you are the only person who controls them, do not store on the exchange or in any place that allows people to access your bitcoins, and keep them as long as possible, the longer you keep your profits you will never regret, and of course that way you can get into our section.

For someone like ops with zero knowledge on bitcoin, it security amd how to attain financial freedom via bitcoin, that knowledge is very important before he even considers putting any amount into a bitcoin investment.

Just as said earlier, DCA is the best approach for someone who only has low cash flow to invest in Bitcoin.

Capital flow before knowledge and experience can still end someone in a very bad position with bitcoin investment, only invest and increase your investment alongside your knowledge don't buy more than you can manage the risk.

[Hatchy]

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.

Principles? You simply need to get knowledge on what bitcoin is and you can use it to better your investments. Most times the obstacles many new investors gave us that they don't even know the reason behind BTC investment. Yes profit wise, but there are also many benefits why you should buy BTC. On the long term, you become your own bank and you no longer depend on banks to tell you how you use your funds. But that's the trickest part. You ought to be able to secure your coins properly if you wish to be incharge of your coins. What you have to do is keep your keys safe and make your you know how to store them properly away from the reach of others or damages..

[Oshosondy]

If you want to eliminate fear to invest in bitcoin, the best would be not to invest all your money at once, just begin to DCA instead. DCA means dollar cost average. That means you can be investing in or buying bitcoin like every week, or fortnight or each month with an amount of money. You can do this for several weeks or months.

Make sure you do not sell your coins until bitcoin get to all time high.

[Furball808]

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.

Start it out and deal with the risk and fear later.

Because if you're going to let your fear stop you from investing, you'll never know what will happen next.

We're also the same as you before where we're so scared of what might happen if it won't work out.

Sometimes, just diving in head first can be good LOL. Joking aside, worrying too much and never taking action could be bad. Personally, what's worse than naivety is misinformation. I say that sometimes knowing nothing is better than knowing something wrong. Those are different things. If you did not have any idea about bitcoin but still invested anyway, you can still build knowledge from there but don't invest in bitcoin thinking you will be a billionaire overnight. I know people who invested small capital in bitcoin and built their knowledge later which allowed them to watch in real time what happens to their capital.

But fortunately, it did worked for many of us and that's why just start it and invest and deal with the consequences later, good or bad!

Good or bad consequences, we all learn from it. Take any opportunity to learn even if sometimes we'd rather skip to the good part.

[Awaklara]

Fear arises because we still lack knowledge. Look for information related to Bitcoin and build your knowledge. I think it is not difficult nowadays when all information can be easily obtained. 
Next, when you want to invest, I suggest you first check and calculate your finances and how you will start allocating your money, whether from your savings or a portion of your monthly salary. 

Bitcoin is suitable for the long term, so you should eliminate any risks that could disrupt your long-term plans. If your finances are significantly affected by urgent needs, it is better to start preparing an emergency fund. 
Most importantly, just focus on increasing your understanding of Bitcoin and the investments you want to make.

[cryptomaniac_xxx]

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.

As the saying goes, there is always a first time. And with that in mind, you should really take a small step, go and buy Bitcoin and see and feel it in your wallet. That's how everything started for me, and I didn't think of the fears and the negative things in at the start.

So that will be my piece of advise, don't overthink and complicate things when investing in Bitcoin. Of course there will be that fear, but come to think of it, when there are thousands of small investors around the world, then for obvious reasons, you can do it as well. Then once you had your first Bitcoin then it's already a positive thing and the start of your journey here.

[YOSHIE]

What to do to eliminate fear and starts investing in Bitcoin

1. Strong desire.
2. Confidence means I can do it.
3. Always be optimistic and use cold money in investments.

Maybe there are many other ways you can do it, in my assessment I use these three things, I'm sure you can do it.

In the crypto world, we will hear and see a lot of negative speculation, but we must have a strong determination to do it, throw away that fear, Assume that you have donated the money you invested in Bitcoin to someone else, that way at least you will invest calmly and not feel afraid anymore.

[LogitechMouse]

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.

If you're just starting, don't expect that your profit will be as high as those that are into crypto for maybe 5 years or 10 years. You're just starting so your results will be much different from others. Always remember that we have different paths, and your path to success in crypto might be different from mine, and different from others.

Yes, Bitcoin can transform ones life, in either in a positive way (successful) or in a negative way (failure). Don't always look at the positive side. Also look at how people became miserable because of Bitcoin. You don't know where to start? Start from watching videos on YouTube with regards to Bitcoin. There are lots and I mean lots of documentaries out there that will teach you anything about Bitcoin. You can also use this forum as well to make some research about something. I mean there are lots of information online that will help you learn more about Bitcoin, and I can say it because I learned it MYSELF, and if I can, you can as well. I'm self-learned, and I'm not an expert, but I can say that I know at least the basics, and that's all that matters.

What to do to eliminate fear and start invest into Bitcoin? GAIN KNOWLEDGE. Those knowledge will make you confident on yourself and because of that knowledge, you will not have the fear of losing money anymore because you know what you're doing already. Focus on learning first because Bitcoin will and will always be there no matter what happens.

[EluguHcman]

Well I don't find the point of this post to be different from others in the beginners and help section where newbies expresses their interest in the Bitcoin investment and demands for guidance of how to meet their dreams of owning Bitcoin for investment purposes.

It is also similar as some others who makes regrettable confessions about how they have long heard and opportuned to begin buy Bitcoin at their early days but did not do so due to their lack of self organization to make decisions.
Everyone coming to own Bitcoin lately usually have excuses in one way or the other reasons.

Moreso, it is not convince able to me that someone can actually acquire every necessary knowledges and had also developed interest in investing in Bitcoin but could not make the efforts a reality all because they don't have clue of where and how to start.
 
Only having the basic knowledge alone is okay for someone to proceed with investment in Bitcoin as all what is required is the understanding how to manage your wallets and Privacies, understand that as potential long term value, you should only invest with discretionary incomes so that you don't sell sell your Bitcoin over short term needs.
Buying Bitcoin with the DCA strategy also help to accumulate more of Bitcoin to your portfolio.

[Zigabel]

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.

Before you venture into any form of Business or investment, you need to have a conviction within yourself about it before you go into it, if you are able to have a clear stand on what you hope to achieve and how you want to go about it with a very clear conviction that this is the right route to go about it, then you must have eliminated a very good percentage of the fears that would have stopped you, after that then you proceed to getting as much information about the scheme as possible, all of this will help take away your fears gradually at every stage, and by the time you must have made your decision to fully get into it, you must have had a firm stance already. but if you keep thinking focusing on your fears, you mind will keep magnifying the fear and never giving you a reason to get in on that which you wanted to do, you may end up not doing it again.

In searching for information about an investment or business you want to do, such as Bitcoin, be mindful as you will get a whole lot of it, both the negative and the positive ones, make sure not to pay too much attention on the negative or focus too much on the negative, they will always give you a reason not to start, but if you pay attention to both the negatives and the positives, then you analyze and see which outweighs the other and then you will have a good and final conclusion on which to go with. Don't allow your fears overcome or outweighs the chances to achieve a dream.

[Pandorak]

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 think the fear you’re feeling is perfectly normal, especially if you’re new to the world of investing, in fact it’s a good sign, because it means you fully understand that while there are potential profits to be made, there are also risks involved.

First of all, you might want to start with the basics, such as how to buy, where to buy, and the safest place to store it. Once you’ve got the hang of it, you can start buying in small amounts, i suggest using money from your discretionary income, this will help you feel more at ease. After that, you can delve deeper into Bitcoin, trying to understand its potential and benefits, so you’ll feel more confident about the investment asset you hold. 

[JoyMarsha]

I don't think there is much to the working principle of Bitcoin if not for you to learn about the basic knowledge of Bitcoin and to follow it. That is, for you to invest with the amount you can afford to lose, apply a DCA strategy, have a long term investment perspective, avoid fomo and panic, have a diversified investment(70% Bitcoin, and 30 altcoin), and have a target price.

With the stated principle above, you can deal away with the fear and anxiety when it arises in your Bitcoin investment