What to do to eliminate fear and starts investing in Bitcoin

[aylabadia05]

<snip>

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.

If you’re trading, every fluctuation in the price chart will inevitably trigger anxiety and all sorts of doubts. However, if you treat Bitcoin as a long-term holding, you won’t be swayed by such market noise because your goal is clear: buy and hold, not buy and sell quickly for a small profit. If your long-term goal is clear, buy regularly and transfer your holdings to a dedicated storage wallet. Buying in a single transaction isn’t a major issue as long as you have a basic understanding of Bitcoin and your purpose for buying it is well-defined.

[ChocolateBitcoinK]

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.

Since Bitcoin is uncertain, we have to be careful when it comes to investing, if someone invests within their limits and knows in advance that even if they lose this money, it will not have a big impact on their daily life, then that fear is largely under control. So we have to understand this, make decisions through understanding, instead of investing blindly, if we have a clear idea of ​​what we are buying, why we are buying and how long we will keep it, we can better hold on to our investment, and as a result, the possibility of our investment failing due to making unexpected decisions is also reduced.

[skarais]

~~~

If you’re trading, every fluctuation in the price chart will inevitably trigger anxiety and all sorts of doubts. However, if you treat Bitcoin as a long-term holding, you won’t be swayed by such market noise because your goal is clear: buy and hold, not buy and sell quickly for a small profit. If your long-term goal is clear, buy regularly and transfer your holdings to a dedicated storage wallet. Buying in a single transaction isn’t a major issue as long as you have a basic understanding of Bitcoin and your purpose for buying it is well-defined.

Everyone will be affected by price fluctuations, but you can still minimize the impact if you have a sufficient emergency budget and the right plan. I truly believe that almost all investors and traders will be psychologically affected when the market drops drastically, but experienced investors and those with a well-thought-out plan will likely be able to get through it without too much stress. I can't generalize that everyone is the same, even you, may be affected by the price drop even if you are a long-term investor.

[Silikiem]

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.

Since Bitcoin is uncertain, we have to be careful when it comes to investing, if someone invests within their limits and knows in advance that even if they lose this money, it will not have a big impact on their daily life, then that fear is largely under control. So we have to understand this, make decisions through understanding, instead of investing blindly, if we have a clear idea of ​​what we are buying, why we are buying and how long we will keep it, we can better hold on to our investment, and as a result, the possibility of our investment failing due to making unexpected decisions is also reduced.

Some folks due to greed and the mindset of getting rich overnight tend to go beyond investing within their means and they start using money that’s meant for sorting out their basic financial needs to invest in bitcoin with the belief that they will earn more gains or profits because they invested with some huge amounts of cash. Knowing fully well that bitcoin is highly volatile and at such the profit isn’t really a guarantee and when the price came crashing down as a result of this volatility, and they will be in serious need of cash . their basic financial expenses since they refused to sort it out before investing they will tend to selling their bitcoin and as a result they might sell in a huge loss because of the volatility of bitcoin. That’s why it’s very much advisable that before one venture into buying bitcoin the individual should first sort out his basic financial obligations and any other remaining money left with you which should be the discretionary income

[gracreavix]

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.

Since Bitcoin is uncertain, we have to be careful when it comes to investing, if someone invests within their limits and knows in advance that even if they lose this money, it will not have a big impact on their daily life, then that fear is largely under control. So we have to understand this, make decisions through understanding, instead of investing blindly, if we have a clear idea of ​​what we are buying, why we are buying and how long we will keep it, we can better hold on to our investment, and as a result, the possibility of our investment failing due to making unexpected decisions is also reduced.

True, that is just it, it all boils down to knowing your limit and what you can afford to invest. Knowing what you can afford to invest, lies on what you can afford to lose. So as a newbie, try as much as possible not to overcomplicate things, like I said previously, investing in Bitcoin isn’t as hard as people make it seems.
It’s just boils down to you knowing what you’re doing, in the aspect of funds, knowledge and all.

[Renampun]

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.

That's because you don't understand Bitcoin properly, making it harder for you to get involved in it.. if you try to learn and understand Bitcoin, it will be easier for you to get involved, because everyone who has invested their money in Bitcoin is the same as you, they initially knew a little about Bitcoin, then they delved deeper into it and started investing their money, only then did they start to understand about it.

if you find it more difficult, you can watch tutorials on Bitcoin investment for beginners on YouTube and try to learn about DCA.. it's a method you can use for your investments since you're still a beginner. hope that helps you.

[Rabata]

True, that is just it, it all boils down to knowing your limit and what you can afford to invest. Knowing what you can afford to invest, lies on what you can afford to lose. So as a newbie, try as much as possible not to overcomplicate things, like I said previously, investing in Bitcoin isn’t as hard as people make it seems.
It’s just boils down to you knowing what you’re doing, in the aspect of funds, knowledge and all.

Investing in Bitcoin is not difficult if an investor adopts the right investment approach and strategy. If someone wants to invest in Bitcoin, if he has basic knowledge about Bitcoin and if he has a source of discretionary income, then he is worthy for investment. If someone wants and have the ability, he can invest lump sum and hold it for the long term. But the best approach is that if someone has discretionary income, then if he regularly does DCA with some part of that income, then he can invest comparatively risk-free. This is the most reliable investment method by which we can eliminate fear and risk.

[Just Say]

It is true that nowadays there are many articles and tutorials from which it is possible to learn the ins and outs of investing but if you are still having difficulty getting involved with Bitcoin then you should focus on learning the basic concepts related to investing in this currency and ignore its inconvenient aspects. However everyone should start with small amount and if you have an income system in your local currency then you should extract discretionary income from it and I think then it will be easy to start buying Bitcoin One should not even use an exchange or any such place to keep one's Bitcoin holdings safe, where anyone can easily access. Maybe this way you won't be deprived of the benefits of Bitcoin and will have the opportunity to enter our section.

[Stable090]

It is true that nowadays there are many articles and tutorials from which it is possible to learn the ins and outs of investing but if you are still having difficulty getting involved with Bitcoin then you should focus on learning the basic concepts related to investing in this currency and ignore its inconvenient aspects.

If you are a newbies, then you should go for basic aspects of bitcoin investment, then the more you get to familiarize with the system, then you can keep on advancing, but as a newbie if you want to jump into complex aspects of bitcoin, then you are going to find it difficult to understand things, so beginners shouldn’t be in rush to learn the complex aspects of bitcoin, they should familiarize themselves with the basics of bitcoin investment.

However everyone should start with small amount and if you have an income system in your local currency then you should extract discretionary income from it and I think then it will be easy to start buying Bitcoin One should not even use an exchange or any such place to keep one's Bitcoin holdings safe, where anyone can easily access.

Invest only what you can afford to lose, don’t invest huge amount of money just because you see people investing also, always know your limit, and don’t compare yourself with other people. If you leave your coin on exchange, you are not in control of your money, so if you buy from exchange, just withdraw to a non custodial wallet immediately.

[Powerjumboo]

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 too worried about the market and are afraid to invest in Bitcoin, then I would say you need to be brave first. Then if you don't know where to start, then I would say follow your DCA method. When you invest with DCA, you don't have to worry about the market and you don't have to worry about where to start. And my advice to you is to invest according to your losing capacity. If you can invest according to your losing capacity, then the market decline will not make you regret it.

[DiMarxist]

Anything you decide in your heart to do is what you will do eventually in reality. So you just has to decide first, if an individual is not prepared psychologically to start investing in Bitcoin such a person will have problems even when he or she is forced into investing. This is because he has not made up his mind, so my advice to you OP is that you should first agree within yourself and prepare to invest before you can even talk about knowing how Bitcoin works and it's operational principles.

[Mr_Brilliant$]

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.

Yep, you’re correct, fear is almost always there for beginners, because at that first stage you don’t really understand what you’re getting into….  Everything will be so uncertain, and no matter how much you read or try and learn about bitcoin, you still won’t fully get it until you actually experience it yourself…

That is why starting small makes sense… It gives you that glimpse of it and room learn without putting yourself under too much pressure or risking money you’re not comfortable losing…. As you stay longer in the market, you will then naturally become more confident and less emotional about it…

[ChocolateBitcoinK]

True, that is just it, it all boils down to knowing your limit and what you can afford to invest. Knowing what you can afford to invest, lies on what you can afford to lose. So as a newbie, try as much as possible not to overcomplicate things, like I said previously, investing in Bitcoin isn’t as hard as people make it seems.
It’s just boils down to you knowing what you’re doing, in the aspect of funds, knowledge and all.

Investing in Bitcoin is not difficult if an investor adopts the right investment approach and strategy. If someone wants to invest in Bitcoin, if he has basic knowledge about Bitcoin and if he has a source of discretionary income, then he is worthy for investment. If someone wants and have the ability, he can invest lump sum and hold it for the long term. But the best approach is that if someone has discretionary income, then if he regularly does DCA with some part of that income, then he can invest comparatively risk-free. This is the most reliable investment method by which we can eliminate fear and risk.

I agree with you, buying consistently through discretionary income is the most reliable way to accumulate Bitcoin, DCA is the only strategy that allows us to accumulate Bitcoin with the zero stress. Investing in Bitcoin is not difficult, take it very easy, if you only have basic knowledge and a steady source of discretionary income, then you can definitely start investing. We need to start investing through a balanced approach, by investing a fixed amount regularly, we can accumulate investments at an average price, avoiding the impact of market fluctuations, without having to worry about the market, and this is why it is a most suitable strategy for beginners to be mentally easy and disciplined.

[Sammye3]

Anything you decide in your heart to do is what you will do eventually in reality. So you just has to decide first, if an individual is not prepared psychologically to start investing in Bitcoin such a person will have problems even when he or she is forced into investing. This is because he has not made up his mind, so my advice to you OP is that you should first agree within yourself and prepare to invest before you can even talk about knowing how Bitcoin works and it's operational principles.

This should be the first approach to every investment, dealing with the psychological before taking any bold step. For every investment, knowledge matters a lot but beyond that the mentality towards that investment also matters. That would sustain your investment during the bad times and strengthen you despite downturns.

[shinratensei_]

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.

Try a novel approach of diversifying your saving, do 10% bitcoin 90% ordinary saving if you're still afraid about holding bitcoin. Your fear is just you not knowing about bitcoin better and still in the state of discovery, rest of us who know bitcoin know how good it is.
One thing you ought to know that might increase your confidence is to undestand that there are people holding all their life saving into bitcoin and still fine until today or even got a life changing opportunity of doing 10x in their investment by simply holding bitcoin.

[fuguebtc]

One thing you ought to know that might increase your confidence is to undestand that there are people holding all their life saving into bitcoin and still fine until today or even got a life changing opportunity of doing 10x in their investment by simply holding bitcoin.

I think the OP already knew about it, and as the OP said, he has heard about Bitcoin and how it has changed many people’s lives. But it seem that was not enough to dispel his fear and give him the confidence to invest in bitcoin.

As you said, his fear stems from a lack of understanding of Bitcoin. Therefore, the solution for him is to spend time learning about bitcoin and experience it for himself by investing about 10% of his saving in it. Instead of just listening to stories circulating online without verifying them yourself.

[Bitcoin.com97]

First of is awareness, with what you have said here I think you are already aware of what Bitcoin is all about , the next step is to eliminate fear , just as the topic , the emphasis is on fear , learn to concur fear by accepting the risk involved, nothing good comes easily in life , expecting ease from life is a first step to failure, you have to accept some bitter realities of life, and start investing, while investing you have to be optimistic, discipline and be consistent and overcome fear , because fear can make on be stagnant if right approach is not implemented.

[yixichloro2xx]

True, that is just it, it all boils down to knowing your limit and what you can afford to invest. Knowing what you can afford to invest, lies on what you can afford to lose. So as a newbie, try as much as possible not to overcomplicate things, like I said previously, investing in Bitcoin isn’t as hard as people make it seems.
It’s just boils down to you knowing what you’re doing, in the aspect of funds, knowledge and all.

Investing in Bitcoin is not difficult if an investor adopts the right investment approach and strategy. If someone wants to invest in Bitcoin, if he has basic knowledge about Bitcoin and if he has a source of discretionary income, then he is worthy for investment. If someone wants and have the ability, he can invest lump sum and hold it for the long term. But the best approach is that if someone has discretionary income, then if he regularly does DCA with some part of that income, then he can invest comparatively risk-free. This is the most reliable investment method by which we can eliminate fear and risk.

I agree with you, buying consistently through discretionary income is the most reliable way to accumulate Bitcoin, DCA is the only strategy that allows us to accumulate Bitcoin with the zero stress. Investing in Bitcoin is not difficult, take it very easy, if you only have basic knowledge and a steady source of discretionary income, then you can definitely start investing. We need to start investing through a balanced approach, by investing a fixed amount regularly, we can accumulate investments at an average price, avoiding the impact of market fluctuations, without having to worry about the market, and this is why it is a most suitable strategy for beginners to be mentally easy and disciplined.

DCA is a beginner friendly method and it doesn't require big money to start. starting small removes all sorts of pressure and emotional decisions. The only important DCA needs is your consistency. Without consistency, your Bitcoin holdings will be very small. Newbie should know that they shouldn't put all their income into investing, they also balance it by sorting your bills firstly and saving for emergency sake, and other little savings. As long as you have  everything covered then fear becomes something of yesterday. There's nothing complicated about Bitcoin, the only thing you need to have as a newbie is some basic knowledge on how buy and store, they you can continue to learn more about Bitcoin as you are investing.

[Finebone]

First of is awareness, with what you have said here I think you are already aware of what Bitcoin is all about , the next step is to eliminate fear , just as the topic , the emphasis is on fear , learn to concur fear by accepting the risk involved, nothing good comes easily in life , expecting ease from life is a first step to failure, you have to accept some bitter realities of life, and start investing, while investing you have to be optimistic, discipline and be consistent and overcome fear , because fear can make on be stagnant if right approach is not implemented.

Fear is one emotional trait that you can't do away with when your Bitcoin investment is not going as planned, so the only way to eliminate it, is by investing with your discretionary income, which is what you can afford to lose, that way, even though their is a dip in the market and your Bitcoin investment is not going as planned, you wouldn't start panicking in fear of the final outcome of your investment, because you invested with what you can afford to lose, but when you invest with what you cannot afford to lose, you will not be able to stay calm, no matter how much you try, mostly when their is a dip in the market.

[Kelward]

First of is awareness, with what you have said here I think you are already aware of what Bitcoin is all about , the next step is to eliminate fear , just as the topic , the emphasis is on fear , learn to concur fear by accepting the risk involved, nothing good comes easily in life , expecting ease from life is a first step to failure, you have to accept some bitter realities of life, and start investing, while investing you have to be optimistic, discipline and be consistent and overcome fear , because fear can make on be stagnant if right approach is not implemented.

There is no need to be afraid of Bitcoin investment, what you need is to research and gradually increase your knowledge about it's market dynamics and technicalities, you don't need to know everything before starting. What is important is to have discretionary funds to buy because without money you cannot invest in Bitcoin so focus on making money and doubling your hustle, a lack of money to buy is the major concern for investors.

As far as you have funds to buy and you know a reliable source to buy there is nothing to fear about, it's not like anybody can scam you on the Bitcoin network because no single individual or group have a total authonomy to control Bitcoin Blockchain. I think that not being able to buy can make you to hustle more to have steady income for DCA if that is your preferred strategy. Even if you don't have funds to buy that is not a problem so far you have the interest to accumulate and hold when you have funds to buy you will buy, if you don't you should wait until you do.