What to do to eliminate fear and starts investing in Bitcoin

[Ndabagi01]

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.

First all, don’t see Bitcoin as a get rich quick scheme because if you do so, you’re just gonna make investing and trusting in Bitcoin very hard for you. Bitcoin is a dependable currency for a long term investment and not for the short term gains, so when coming into this investment, you must have made up your mind that you’ll be holding for the long term and see yourself through holding on to the investment till the end without having to be doubtful of the investment even in terms of market downturn.

The bitcoin market is very volatile and at the same time very unstable, but if you have a target, your target will be reached as the market is on an uptrend trajectory checking from inception till now. In bitcoin, your privacy and security is important, you should not joke with them as they both play a pivotal role in anything you do around the bitcoin space. Bitcoin is well explained and not a complicated science, you just have to understand it and learn through it yourself.

[GeorgeJohn]

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.

It's was years back people found it difficult to know about Bitcoin, even to learn how to invest in bitcoin, but now people can learn about bitcoin through Internet research

Why some people prefer people to teach them about crypto, in otherwise, bitcoin investment doesn't necessarily transform investors, it's investment that has to do with risk if I'm not mistaken.....

So thinking that it's all crypto or bitcoin investment that gives profit, that's not truth, the profit of bitcoin, it's depends when you invest and how long you hold your Bitcoin...in summary, you can know more about bitcoin by making research about bitcoin through Internet.

[Zaguru12]

So thinking that it's all crypto or bitcoin investment that gives profit, that's not truth, the profit of bitcoin, it's depends when you invest and how long you hold your Bitcoin...in summary, you can know more about bitcoin by making research about bitcoin through Internet.

In the real sense I think the major problem of how bitcoin is been viewed as a get rich quick scheme is actually not the problem of the newbies coming in, in fact I do not blame them that much because it’s actually the narrative giving or spread to them that actually makes them viewed it like that. Bitcoin is mostly joined up with other cryptocurrencies by some influencers and they usually brands it as a get rich quick scheme. If you look through social media you will read all this narrative and it’s what this newbies build on and look forward too when they start investing.

In fact it’s actually part of the reasons why most of them invest wrongly either by investing any amount they cannot afford to lose or they do not time the market well and think it’s an easy get in and get out investment. Many of the newbies wrong investment decisions were shaped up with the narrative that brought them into this space.

[DanWalker]

Fear stems from a lack of understanding. Therefore, if you want to overcome your fear, you need to take the time to understand it thoroughly.

Indeed, Bitcoin has changed the lives of many people. But we need to make it clear that Bitcoin is just a financial instrument, like gold or stock. It doesnt guarantee or promise anything. It simply creates an environment and opportunities for all of us, and only those who know how to seize those opportunities, possess the knowledge and discipline, will truly benefit from it. Not everyone who invest in it will make a profit.

[Jody.Drummer]

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.

In my opinion, one way to deal with it is to just do it, because no matter how long you wait, if you don’t take action, that fear won’t go away. It’s like a traumatic event where the fear keeps haunting you and will continue to do so if you don’t confront it. Try to start slowly, and make sure it doesn’t become something that forces you to do it just do what you can, and that’s more than enough.

[Soldroplet]

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 am also new to this section like you. Since you started the thread to learn, you should have started it as Beginners & Help. Anyway, coming to the main point, the first thing to do is to get a complete idea about your Bitcoin. How does Bitcoin work, what are the advantages, after knowing everything, move on to the next step. You can invest in the DCA method for the convenience of investing in Bitcoin, so it will be very good for you who are new.Besides, you will be active in this forum of ours, if you don't understand something, you will write to us immediately. And if you don't mention another topic, you will post it in a specific forum.

[knowngunman]

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're suffering from procrastination.

Secondly, you probably have no intention of investing yet. You preferred to be a spectator instead of being a participant.

The era of complaining of not knowing how to start is long gone. You have a device and you can access internet where lots of materials are available to guide you on how to start.

The good thing is that you are here. If other people are doing it and they succeed, it means you can too.

Here is the right place to begin. However, avoid over confidence when you finally made up your mind to invest. Only invest what you can afford to lose.

[irhact]

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 don't need to know everything about Bitcoin before you start investing, if you decide to know everything then it might be late before you invest and by that time you might not be making enough profit like those who invested earlier. Although the price of Bitcoin is very high right now but still it is a very good price for you to invest considering the amount of years you'll be willing to hold Bitcoin. Bitcoin is currently in his beer market and this beer market might last for more than 2-3 years therefore this is a very good time for you to invest in Bitcoin for the future. What you just need to know to invest in Bitcoin and also to eliminate the fear is for you to not be afraid when the market is falling and for you to just know the best wallet to use which are the decentralised wallet.

[Primark]

I actually felt the same way you did. When I started, I thought about a lot of things. I was also scared about how I would last for such a long time. Then I found this forum. After a few months, I learned a lot about Bitcoin and investing in Bitcoin. However, after reading the forum, I learned that you should start investing even on a small scale and learn. So that you can gain real experience. That's why I would say that you can start on a small scale first. Then, if you study this forum, I think you will learn a lot.

[Marvelockg]

In fact it’s actually part of the reasons why most of them invest wrongly either by investing any amount they cannot afford to lose or they do not time the market well and think it’s an easy get in and get out investment. Many of the newbies wrong investment decisions were shaped up with the narrative that brought them into this space.

Which is the key reason why we should be mindful of the things we dish out knowing fully well that newbies are always learning from the information they receive from old members and wether we are mindful of what we are saying or not, someone is learning from us and will make decisions from it that will either make or mar him.

I can't also completely blame it on old investors because as a newbie or an investor you should know the importance of proper research and if you do the research in a fair enough manner, You will know that bitcoin is never a get rich quick scheme and that as a matter of neccesity you ought to invest without being too concerned on how soon you can get profit from your investment.

In the whole bitcoin investment network, everyone has hislher role to play regarding the narrative we are projecting out there but most importantly, every investor has the primary obligation to protect himself and filter the information he receives so as not to blame others on an avoidable thing

[Bitcoin_people]

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 are interested in investing in Bitcoin, then of course you must first learn about Bitcoin well. You must have a long-term investment plan, moreover, you must gain sufficient knowledge, nothing is possible without experience. You must learn to analyze the investment with maximum experience and market so that you can invest yourself and if you want, you can take the advice of a good person who is experienced. Moreover, you will never be disappointed by investing in Bitcoin. Learn about Bitcoin for a few days, then understand how to invest, in this way you will understand after learning for a few days. However, when you start investing in Bitcoin, use a good wallet to keep your investment safe. If you are interested in investing in Bitcoin, you must keep all these things in mind and you must move forward with experience.

[macson]

Let's say you don't know how to drive a car, you'll imagine it's scary. Why is that? Because you basically don't know anything about driving a car, but for someone who does, they'll think it's a normal thing.

Similarly, when you don't understand anything about Bitcoin, for some reason, your mind creates fear and anxiety because you don't know anything about it. But what if you start learning about Bitcoin? You'll definitely become familiar with it, and the more you learn, the more your confidence will build.

So, it's all about learning. If you understand that, there's nothing to be afraid of. If you're confused about starting from scratch, there are tons of tutorials online you can find. It's not that difficult.

[coinlary]

Did you just say all??

That's not right and also far from truth.Bitcoin  didn't  transform everyone's life but it can help you in the process .

Not everyone could bare the long wait to see the results,  not everyone could invest enough to get a better result, some hold back at some point, some sold early, some lost their backups, some were attacked and robbed because they couldn't keep little profile, and so many more.

Nothing is stopping you from investing but it always better you know more about what you're investing on before you start.
If that's  what you want then you need to go through the forum , ask precise questions .

[Issa56]

Did you just say all??

That's not right and also far from truth.Bitcoin  didn't  transform everyone's life but it can help you in the process .

When you are on social media, or when you see people talking about bitcoin, you going to think that bitcoin has transformed everyone’s life, but just few people who claim they are making money from bitcoin are truly making money. If you follow what people post about bitcoin on social media you just going to be misled by people. You going to find it difficult to see anyone on social media which will say they lost their money after investing in bitcoin or trading bitcoin, they are always making profits and bitcoin is always transforming their life’s.

Most of the people joining the crypto space recently are doing that just because of things they hear on social media or things they hear from people, which most of them are just being deceived. People won’t show you when they are losing, they going to be silent during that moment or over it up, they will only come online whenever they are making profits to show proof.

Nothing is stopping you from investing but it always better you know more about what you're investing on before you start.
If that's  what you want then you need to go through the forum , ask precise questions .

There are posts on the forum already about bitcoin investment which is going to help him so much, incase if their anything which he doesn’t understand, then he can simply ask questions, but the OP should know that bitcoin investment isn’t something we should rush into.

[Orpichukwu]

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.

Hello, first take a deep breath and do some rethinking; take away that feeling of you missing out because others are making profit and sharing it online but you are not, and look at it on the other side of trying to learn about what you really want to benefit from.
The possible profit which could be made from it is just additional. If you want to learn about how to use Bitcoin, transact with it and settle payment using that network, it's simple, but if you want to learn how to make a profit, there is no way other than just being a holder who will have to hold it for long until bull run calls.

[Razmirraz]

What to do to eliminate fear and starts investing in Bitcoin

Fear usually arises from ignorance, so to eliminate fear so that you can invest in Bitcoin safely as soon as possible, you need to build literacy, use cold money and implement a disciplined investment strategy. As a first step, you need to understand the basics of Bitcoin and blockchain technology, then use cold money that is not used for other needs in the near future or that you can afford to lose if there is a risk of loss. Then apply a safe investment strategy, here I recommend using the DCA strategy because this is the best strategy for beginners who are just starting to invest in Bitcoin. You can buy Bitcoin regularly in the same amount regardless of whether the price is rising or falling, DCA can also help you eliminate emotional stress and the risk of buying wrong if the price is rising. Next, set clear goals, but especially for beginners, I recommend using a long-term strategy because it allows you to be calmer and less likely to panic when the value experiences a correction.
Once you've educated yourself and mastered a disciplined strategy, you can invest in Bitcoin without feeling overly afraid.

[lizarder]

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.

Don't overthink it. Try to understand Bitcoin's history through previous cycles so you can create a much clearer investment plan. Understanding investing isn't difficult because historical data can be viewed so far, giving you a clearer picture of where to start. Don't think about getting rich quick when investing what's needed is consistent involvement. You need to pursue asset growth, not quick profits because not understanding the correct investment patterns can actually lead to greed.

If you want to achieve financial freedom from investing in Bitcoin, implementing long-term investments is far more important than engaging in it using trading strategies. Investing in Bitcoin is much easier if one has discipline and applies several accumulation methods to achieve consistent asset growth. In fact, it is easy to do if we have a strong desire with knowledge that we continue to improve.

[Alpha Marine]

First, you have to understand it. If you don't understand Bitcoin,n you won't be able to hold it. You understand how it works, why it moves the way it does. Understand how transactions and the blockchain work. Understand the history and its supply and demand. Don't just rush into it simply because you see others going into it, and they are making a profit from it. It is only after you have understood all the basics of Bitcoin that you can think about buying. This way, you know what kinds of wallets to use, how to buy, how to protect your seed phrase and how long you can hold bitcoin to expect profit.
Bitcoin is not a get-rich-quick scheme. If you want to hold it as an investment, it has to be a long-term investment, so there is no need to rush into it. Take your time and study it, then you won't need anybody to teach you how to go about it.

[SmartGold01]

The forum here tells you more about bitcon especially if you are that person that loves reading than posting there are lot of things to learn while you advance in your investment journey. Bitcoin is not something that gives instant profits unlike a Ponzi scheme where you would be asked to invest a special amount just to certain amount in results. Know that Bitcoin is extremely volatile and it may takes time for you to get what you wanted as profits from your investment.

[Odohu]

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.

A lot of people also faced this challenge especially those who came from the background that Bitcoin was too expensive and something designed for the rich. Little did they know that they can start buying Bitcoin with as little as $20 per week or even per month. Assuming you joined this forum as at then, you would have probably learnt about the DCA through which you would have started small to test Bitcoin investment and from there scale it up with time. It wouldn't have taken long for you to master the investment process and by now I'm sure you would have had a good stash of Bitcoin sitting in your wallet.

Don't dwell in the past and don't also regret anything, simply start now and continue to buy and hold for the next 5 to 10 years because the  gains of Bitcoin is mostly seen when held for long term.