What to do to eliminate fear and starts investing in Bitcoin

[aylabadia05]

What to do to eliminate fear and starts investing in Bitcoin

The real fear lies in not wanting to understand it properly and act on it, in my opinion.

Bitcoin isn't a tool that will change a person, but rather a peer-to-peer electronic cash system. Many people use Bitcoin as an investment asset because they believe it offers a hedge. If you hope Bitcoin will bring wealth, then Bitcoin's price is volatile.

Because its supply is limited, it's possible for people with a certain amount of Bitcoin to profit in the long term through price returns.

[Olotu20]

The topic of your thread and the content of the thread is not saying thesame thing.You are talking about eliminating fear in order to invest , and in the thread you are talking about working principles. If you are not into mining there's no need to be talking about the working principles what you should be concerned about is how you can understand Bitcoin and how it's operates. Because for you to be talking about investment you must first of all get to know and understand what Bitcoin is at the first place.

[Odusko]

The topic of your thread and the content of the thread is not saying thesame thing.You are talking about eliminating fear in order to invest , and in the thread you are talking about working principles. If you are not into mining there's no need to be talking about the working principles what you should be concerned about is how you can understand Bitcoin and how it's operates. Because for you to be talking about investment you must first of all get to know and understand what Bitcoin is at the first place.

Supprise to see you saying that the ops mentioned working principle, although that is not in the contents of Bitcoin mining or it technicality, but he meant the market working, such as market chart analysis and other fundamental approach to safe Bitcoin investment, one need knowledge and a well grounded understanding of the market to be able to make good investments choice when dealing with volatile assets as Bitcoin.

[dezoel]

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.

Yeah, there are no situations where it would not be all that easy to handle, we should be considering how this could be a very tough period for all of us if we are not here on this forum. Forum and people here keep me updated and happy about all the things that are possible.

I used to be a newbie too once upon a time, long long ago and I am older now lol, but when I was a newbie, falls of price made me scared, nowadays it makes me happy because I know I can buy at discount so I am happier.

[Pablo-wood]

What to do to eliminate fear and starts investing in Bitcoin

The real fear lies in not wanting to understand it properly and act on it, in my opinion.

Bitcoin isn't a tool that will change a person, but rather a peer-to-peer electronic cash system. Many people use Bitcoin as an investment asset because they believe it offers a hedge. If you hope Bitcoin will bring wealth, then Bitcoin's price is volatile.

Because its supply is limited, it's possible for people with a certain amount of Bitcoin to profit in the long term through price returns.

Yes bitcoin was designed as an electronic cash system but as interest grew and the limited supply not meeting the current demand price keeps hiking making it a perfect hedge over inflation. To eliminate fear and start investing in bitcoin one has to determine not to swayed by the market volatility. Ignoring the noise that comes with every candle move is the first step to overcoming fear, next suppressing the urge to always monitor the market at every slightest opportunity is another important thing to look out for. There will always be up and down move but because the goal is long term paying deaf ears and blind eyes to all the FUD being spread will do beyond eliminating fear but also enhancing the period of hold.

[GeorgeJohn]

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.

Actually Forum will a preamble knowledge of bitcoin, but it will not educate someone fully about bitcoin, i know that the objectives why Forum were created is to show awareness of bitcoin and pass the information of Bitcoin to people who are not aware of Bitcoin...

But Forum can't give a leaner or a newbie a clear comprehension of bitcoin, for someone to know bitcoin and it's techniques, the person most make a proper research of bitcoin investment...

Sometimes reading theories without practicing the methods of bitcoin, it will not give you a clear understanding, except you invest in bitcoin, it's when you will know if bitcoin is risky or not....

[8rch7]

In my opinion, how to eliminate fear and starts investing in bitcoin use money you can afford to lose and I think you not fear anymore when start investing in bitcoin. Many people fear start investing in bitcoin because use the saving assets, taking loan until use money that must be used for daily needs its why get fear investing in bitcoin.

If you use money can afford to lose I think don't problem start investing in bitcoin although be careful about the moment have to buy bitcoin and waiting at lower price, get fear when investing money trough loan and worry about what happen later if bitcoin going down to lower price and have paying repayment from loan.

[justdimin]

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.

This is not what many do. In fact, there are so many newbies out there, who join the crypto world for the first time, and in a month they are making risky bets on memecoisn and shitcoins because they want to get rich as quick as possible. Unfortunately this is not a method to make money but they do it anyways.

I cannot really say that it's very rare neither, it's unfortunately very common and they do it all the time. I do see this situation to be changing for a long time but at the end it is not going to stop neither, we are going to keep seeing this situation happen all the time.

[yixichloro2xx]

‎As a newbie who wants to start investing in Bitcoin, you will surely be confused at first. Because you don't any basic knowledge about it. Tbh, Bitcoin investments are a lot simpler, once you finally understand the basics. You already know that it's a digital currency with limited supply, has no organization that is controlling it, Whenever it experience dips it always raises back historically. One thing you need to know is that it's not a quick money scheme, it requires patients. The first you need to know it how to buy from exchanges and  how wallets (Storage, privacy). Secondly you must figure out our Discretionary income i.e create a separate funds out of income, that will be use to buy Bitcoin occasionally little, you don't need big money before you start investing in Bitcoin. Little amount, when you use to buy consistently (weekly, bi weekly or monthly) matters a lot. Thirdly while you are accumulating Bitcoin with your discretionary income, you must also have another savings for emergencies in bank incase any unexpected emergency comes up, you won't sell your Bitcoin that you are holding just to solve them.  Lastly know how to keep your emotions in check, you need to be patient when you are holding Bitcoin, whether during bearish or bullish period, you must have a timeframe on how long you are willing to hold your Bitcoin to before selling. With that Investing in Bitcoin shouldn't be of a problem anymore.

[Ishicryptic]

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.

Most of us were in your shoes when we started, we were afraid to buy Bitcoin and hold because we were afraid to lose our our money, investing our hard earned money into an investment which doesn't have any physical structure was the major challenge. Like us as your knowledge begins to increase you will understand that Bitcoin is not just a digital currency it is also a store of value which has the potentials to always give you profit on the long term. The adoption of Bitcoin is increasing for a reason and it is because it is a profitable asset which have proven in it's previous circles that it can reach ATH.

[GiftedMAN]

In my opinion, how to eliminate fear and starts investing in bitcoin use money you can afford to lose and I think you not fear anymore when start investing in bitcoin. Many people fear start investing in bitcoin because use the saving assets, taking loan until use money that must be used for daily needs its why get fear investing in bitcoin.

Fear comes when you are not sure of what you are investing in or when you invested in any business with a borrowed funds but when you have your own money and invest with some part of it which doesn't affect your income then you will be more calm after your investment. The best approach for a good investor to utilize in Bitcoin investment is to use his personal money and it should be a spare money that he's willing to leave for a long term if that is done the fear of losing the money will not be there. Invest with the amount you can stay without touching for a long term.

[LOVER BOY 422]

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.

Firstly your topic and the body of your topic didn't match together, so what actually you are supposed to do to eliminate the fear to invest in Bitcoin, I believe before you start Bitcoin investment you have someone you are looking up to, maybe your friends or your brother, because I believe that someone must at least show you how to invest in Bitcoin, check their life style if it's worth taking as a risk first , if their life is not moving forward for them as person who has venture in to Bitcoin for long time  , you actually need to understand that he has not been actually making profits , but if you check and his  life has turn from bad to good you should also know since he has venture in Bitcoin investment and his life change because he has now make progress and profits in it ,I strongly believe that the fear to beceon into Bitcoin investment will definitely reduced , Bitcoin investment is a good asset which can generate values in due time for anyone who are into it.

[Promocodeudo]

In my opinion, how to eliminate fear and starts investing in bitcoin use money you can afford to lose and I think you not fear anymore when start investing in bitcoin. Many people fear start investing in bitcoin because use the saving assets, taking loan until use money that must be used for daily needs its why get fear investing in bitcoin.

You just gave a good answer to this problem, every investor stops being afraid any when the Invest with their discreationary income, to some investors, it is about investing in Bitcoin with any funds that comes to their hand but that's not the right way to invest in Bitcoin, what some is don't know is that as Bitcoin investment is, for any invetsor to last long as they plan it, such person must invest wisely to conquer fear.
The reason for fear in newbies is not knowing what could become of their Bitcoin investment at any time but why the fear when what theyis required of any invetsor to invest in Bitcoin is their left over funds, this is just about knowing how to do things.

[Agbe]

Every beginners have that fears and the fear is foe the uncertainty, the fear of losing the funds but Op you have to know that whenever you invest in bitcoin don't think of quick harvest but a long term. And you have to put it in your mind that bitcoin most definitely come below to the price you bought it but don't panic but have a stable mind because it will definitely come back to the All Time High again. Bitcoin investment is patient and people could not wait to see the ATH so they sold at loss. Always wait.

[Pandu Geddon]

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 just need to start and be patient. You buy Bitcoin at the current price, but the price can go down and cause the value of your Bitcoin to drop. But what you need to do to reach the target price you want to achieve is to be patient and not panic. Many beginners end up losing because they panic and are not prepared for a market that moves quickly. A lot of information has already been shared, you just need to read it and prepare yourself. When you are ready, invest with good financial management.

[Crytohillss]

In my opinion, how to eliminate fear and starts investing in bitcoin use money you can afford to lose and I think you not fear anymore when start investing in bitcoin. Many people fear start investing in bitcoin because use the saving assets, taking loan until use money that must be used for daily needs its why get fear investing in bitcoin.

Fear comes when you are not sure of what you are investing in or when you invested in any business with a borrowed funds but when you have your own money and invest with some part of it which doesn't affect your income then you will be more calm after your investment. The best approach for a good investor to utilize in Bitcoin investment is to use his personal money and it should be a spare money that he's willing to leave for a long term if that is done the fear of losing the money will not be there. Invest with the amount you can stay without touching for a long term.

Yes,  that fear usually comes up when there is too much at stake when some persons doesn't truly know what they have put money into,  applying borrowed funds definitely adds pressure tht alone can cloud thinking. Even when it's your own finance I think fear doesn't completely disappeared Bitcoin are still unpredictable, so the real balance here is investing only what you can afford to leave untouched while also taking time to understand what you are investing.

[gracreavix]

it’s actually simple, most people just try to overcomplicate things in their head.
If you really want to remove that fear, start with money you are completely okay losing. Like, if it disappears tomorrow, your life still goes on normal. That alone takes off like 80% of the fear.

If you do that, you will not be overthinking every small price move or panicking. You will kind of be learning, and get comfortable with how Bitcoin moves.
That is literally the easiest way to ease. No much pressure or fear.

[Strongkored]

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 not afraid, you just lack the knowledge to start investing in Bitcoin.
There are many resources available online for you to explore, but first, you might want to start by learning about Bitcoin wallets, then how to buy and store them properly to avoid loss due to hacking or improperly storing your Private Key.
As for the market, you can learn slowly because it's more complicated.
However, remember to always use money you can afford to lose.

[bitgolden]

You're not afraid, you just lack the knowledge to start investing in Bitcoin.
There are many resources available online for you to explore, but first, you might want to start by learning about Bitcoin wallets, then how to buy and store them properly to avoid loss due to hacking or improperly storing your Private Key.
As for the market, you can learn slowly because it's more complicated.
However, remember to always use money you can afford to lose.

This is the case for many people, they do not know what they are doing and that is why they are fearing, when in reality investing in bitcoin is easy and there is no need to have a fear.

All you do is keep buying bitcoin whenever you save some money and keep doing that for a decade or more and when you hold that long and you keep buying whenever you can, the end result is that you are going to be a rich person. Of course it is not going to be easy at every single time, but it's also not going to be impossible.

[uneng]

Fear is normal in the beginning of everything, as you don't know what you are getting into. It's just within time that fear ceases and you get used to what you are doing. What newbies can do is to start investing minimal amounts of money, like few dollars, and once they see the fluctuations of the market on long run, they may get more confident to invest larger sums of money.

Another idea is to start with micro tasks which pay small amounts of Bitcoin, so they can start accumulating dust of BTC that way. If Bitcoin crashes, their loss will be minimal, as they didn't invest money from their pockets.

What newbies must have in mind is that Bitcoin belongs to a volatile and risky market, where returns should be expected only on long run.