What to do to eliminate fear and starts investing in Bitcoin

[Sim_card]

The best way to deal with fear in bitcoin investment is to first of all have knowledge of the market and volatility is so thay when the price move so quickly you will not be triggered into fear, and secondly investment in bitcoin should be done with the amount of money thay you can afford to put down for a long time without having an immediate need for the money.

Experience is the best way to learn about market volatility and I don't think that is important for a long-term bitcoin investor because he doesn't need to time the bitcoin but to buy regularly every week and ongoing accumulating bitcoin with DCA regardless the price of bitcoin at that moment.

 Only a word is enough to understand what volatillity means but thinking that you can learn it separately before getting started isn't useful because as you are buying weekly, you will understand how the market moves and recovers back which will automatically kill that fear in your overtime as you continue to buy persistently and consistently for 4-10 years and above. If you have your discretionary income is better to get started and learn as you go in order to build your confidence in bitcion and kill the fear in you.

[I_Anime]

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 like that most time . But still you have to start , first try understanding the basic knowledge of bitcoin , bitcoin investment doesn’t required to be knowledgeable in the technical aspects . When to investing there’s a certain principle to follow , like the method of buying (either dca , lumpsum , or buying the dip (especially for those that I’ve reach their bitcoin accumulation goal ).  But the best strategy for newbies is dca which is actually buying at different price interval, which some others like buying with your discretionary income, having an emergency funds and reserve funds .

[Asuspawer09]

In my experience, in investing in Bitcoin there is always fear when the market drop, but I realize a lot of things through the years of my investment and for me the key to eliminate the fear and invest long term was just to have a solid financial foundation, most of the time when the market is down every trader, and investors are on panick but when I already build but finances first before investing again in Bitcoin, I was able to actually hold for long term, because when I was just starting investing all of my funds are just invested on Bitcoin, there was no savings or even emergency funds everything was on Bitcoin and when I need money I easy sell my Bitcoin.

Now that I already fix it I realize that this is just the right order of building your finances, you need to invest on the safe investment first, build your savings, build your emergency funds etc. After that you could start investing in the risk things like crypto, ofcourse with a control amount of money, and your not going to worry about it because you know that you don't need the money whenever it drop or pump, you can still leave your life and enjoy because you already have solid finances.

[SOKO-DEKE]

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 I may say, what may be stopping you from starting Bitcoin investment is that you are yet to trust Bitcoin. The reason why you are yet to trust Bitcoin may be a lack of knowledge. So, I will advise you to try and do a little research about Bitcoin and understand some things about it. With that, I believe you can be convinced enough to invest in Bitcoin.Because if it is not a lack of trust in Bitcoin that is putting fear in your mind, how will you see that people are benefiting from it and still stop yourself from investing?Another reason why you may not be able to start your Bitcoin investment may be that you don't have money you can afford to lose. If that is the case, I will not advise you to start. The money that should be invested in Bitcoin is discretionary funds, not money that you will need to use in a few days or in the near future.

[JayJuanGee]

The best way to deal with fear in bitcoin investment is to first of all have knowledge of the market and volatility is so thay when the price move so quickly you will not be triggered into fear, and secondly investment in bitcoin should be done with the amount of money thay you can afford to put down for a long time without having an immediate need for the money.

Nothing to understand first. It’s common knowledge that BTC is a volatile asset.If your goal is long term investing, then why are you so concerned about price movements in the first place? No amount of knowledge can remove fear….  Fear can only be managed by having a long term plan, investing only money you won't need anytime soon can afford to lose, and sticking to that plan regardless of volatility. If you'r always focused on every price movement, then the issue isn't lack of knowledge but lack of conviction in your investment strategy

You don't have to have conviction or knowledge, since as you mentioned, @samadam007, the position size can be adjusted downward, and probably there can be value in terms of putting money that you can afford to lose, even though if you are being more aggressive, then surely the amount of money that you end up putting into bitcoin may well add up to be a lot of value, yet at the same time, in the very beginning, there is no real need to have a lot of conviction and/or to put a lot of money in, since there is likely a bit of a period of getting used to buying bitcoin, getting used to cashflow management, and getting used to bitcoin itself.

People learn and/or get comfortable at different paces.  Some guys learn a lot fast, and others take a very long time to learn the same amount of information and/or the implementation of good practices.

The best way to deal with fear in bitcoin investment is to first of all have knowledge of the market and volatility is so thay when the price move so quickly you will not be triggered into fear, and secondly investment in bitcoin should be done with the amount of money thay you can afford to put down for a long time without having an immediate need for the money.

Experience is the best way to learn about market volatility and I don't think that is important for a long-term bitcoin investor because he doesn't need to time the bitcoin but to buy regularly every week and ongoing accumulating bitcoin with DCA regardless the price of bitcoin at that moment.

 Only a word is enough to understand what volatillity means but thinking that you can learn it separately before getting started isn't useful because as you are buying weekly, you will understand how the market moves and recovers back which will automatically kill that fear in your overtime as you continue to buy persistently and consistently for 4-10 years and above. If you have your discretionary income is better to get started and learn as you go in order to build your confidence in bitcion and kill the fear in you.

For sure we have been going through tough times in bitcoin recently, and even a guy with a timeline like yours, @Sim_card, there might have had been not enough time, and you have merely been in bitcoin for a bit more than 3.5 years, and so even a guy who might have had started to invest  $100 per week into bitcoin from the beginning of 2023 would have had invested right around $18.3k into bitcoin and accumulated right around 0.3622 bitcoin.  Surely not a lot of bitcoin, yet at the same time, still not a bad place to be for any guy who had been ongoingly accumulating bitcoin for the past 3.5 years.

We know that there are not any guarantees in bitcoin, and we also know that historically  guys who had been buying bitcoin for 1-2 cycles or more will tend to start to put themselves in a decently good position if they had been focusing on ongoing and persistent bitcoin accumulation that employs ongoing buying of bitcoin... but, yeah, no guarantees...so I would imagine that guys who have been following good practices over the past 3.5 years-ish, there would have had been a building of the bitcoin stash and also a strengthening of the cashflow management systems and practices.

In my experience, in investing in Bitcoin there is always fear when the market drop, but I realize a lot of things through the years of my investment and for me the key to eliminate the fear and invest long term was just to have a solid financial foundation, most of the time when the market is down every trader, and investors are on panick but when I already build but finances first before investing again in Bitcoin, I was able to actually hold for long term, because when I was just starting investing all of my funds are just invested on Bitcoin, there was no savings or even emergency funds everything was on Bitcoin and when I need money I easy sell my Bitcoin.

Now that I already fix it I realize that this is just the right order of building your finances, you need to invest on the safe investment first, build your savings, build your emergency funds etc. After that you could start investing in the risk things like crypto, ofcourse with a control amount of money, and your not going to worry about it because you know that you don't need the money whenever it drop or pump, you can still leave your life and enjoy because you already have solid finances.

I understand that there is a preference to build up the bitcoin investment and the cashflow management systems/practices first, yet I have some difficulties understanding why you think that some guys might feel some kind of a need to fuck around with shitcoins and/or trading.

I know that some guys cannot resist the lure to want to gamble, yet at the same time, it would likely be best if they are able limit any of their temptation to get involved in either shitcoining and/or gambling to less than 10% of their bitcoin holdings.. and for sure, I understand that guys (gamblers) have difficulties placing limits on themselves, so they end up getting lured into engaging in unnecessary risk and most likely losses that hopefully such losses would not end up being so bad if they are at least able to figure out how to limit themselves in their shitcoining/trading and/or gambling.

[KeenanEl19]

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 I may say, what may be stopping you from starting Bitcoin investment is that you are yet to trust Bitcoin. The reason why you are yet to trust Bitcoin may be a lack of knowledge. So, I will advise you to try and do a little research about Bitcoin and understand some things about it. With that, I believe you can be convinced enough to invest in Bitcoin.Because if it is not a lack of trust in Bitcoin that is putting fear in your mind, how will you see that people are benefiting from it and still stop yourself from investing?Another reason why you may not be able to start your Bitcoin investment may be that you don't have money you can afford to lose. If that is the case, I will not advise you to start. The money that should be invested in Bitcoin is discretionary funds, not money that you will need to use in a few days or in the near future.

I'm more in favor of the second statement. It's possible they don't have money they can afford to lose, or they might actually have discretionary funds, but due to poor money management, they can't start investing. Perhaps they've already done so, but haven't been able to maintain it. One way to combat fear is to confront it. But on the other hand, it's also important to examine the underlying cause of this fear.

And to get started you @Deegodstime can start using the DCA strategy. This can be done by accumulating an amount of funds that fits your budget, even if it's small. Furthermore, the obstacles preventing you from investing won't disappear unless you take action to confront that fear.

[Halifat]

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 I may say, what may be stopping you from starting Bitcoin investment is that you are yet to trust Bitcoin. The reason why you are yet to trust Bitcoin may be a lack of knowledge. So, I will advise you to try and do a little research about Bitcoin and understand some things about it. With that, I believe you can be convinced enough to invest in Bitcoin.Because if it is not a lack of trust in Bitcoin that is putting fear in your mind, how will you see that people are benefiting from it and still stop yourself from investing?Another reason why you may not be able to start your Bitcoin investment may be that you don't have money you can afford to lose. If that is the case, I will not advise you to start. The money that should be invested in Bitcoin is discretionary funds, not money that you will need to use in a few days or in the near future.

I think the best way here is to forget about the knowledge and put it into practice because the experience I know is the best teacher, so when you start your investment you will get to know how it works. It is not a very good idea to delay your investment especially when you are planning for a very long term, so when dealing with Bitcoin put aside all your fears and focus on bitcoin investment.

You should have in mind to be an investor not a trader because both are not the same, traders are classified as people who hold Bitcoin for a very short which is too risky for any newbies to be involve in this kind of risk.

[Adams0001]

It’s like that most time . But still you have to start , first try understanding the basic knowledge of bitcoin , bitcoin investment doesn’t required to be knowledgeable in the technical aspects . When to investing there’s a certain principle to follow , like the method of buying (either dca , lumpsum , or buying the dip (especially for those that I’ve reach their bitcoin accumulation goal ).  But the best strategy for newbies is dca which is actually buying at different price interval, which some others like buying with your discretionary income, having an emergency funds and reserve funds .

Knowledge is always good when you want to start investing in bitcoin because if you have knowledge about something things can go easy and you can get what to do. Bitcoin investment is always a good investment and if you can get a good source of income you can be using DCA method to be investing so that you can’t feel that worries when the price is not going well for you because some people are investing in bitcoin with there last card or let me says like a short term and if they didn’t get what they need in short term they will start to feel scared and withdraw there funds in there bitcoin investment even when they are in lose they can’t be patient to hold for long term.

[jg_btc]

What more do you want to know about bitcoin than getting started provided that you discretionary income is there and learn as you go. Continuously accumulation of bitcoin weekly will give you experience in the market and experience will kill fear in you and increase your confidence in bitcion because you are understanding more about how bitcoin works as you're investing overtime. In the beginning, you can start with small amount and when you have built your confidence in bitcion, you can increase your DCA amount from your discretionary income.

It's good that you also create your backup funds as you are investing in bitcion because your emergency fund is the backup funds to your bitcoin investment which prevents you from selling prematurely, when you're hit with a real life emergency in order to put you in a good position to eliminate fear.

Indeed, this is the smart way of people thinking. When you try to start, you need to know this is a long term investment, not an overnight return, this is the basic mindset you need to keep in your mind. When you had a chance to seeing the graphic/chart of cryptocurrency you have, you will learn day by day to assuming by the chart by global condition.

We see now if we have a war between Israel and Palestine, then US is on Israel side, there is an impact on market, that caused the BTC dropped down, but it is not the main reason, sometime the chart going up a bit and making a hop on it, but during the time when the BTC dropped down, there is an opportunity to buying using the DCA method you did usually, no need to buy too much, just have a consistent amount and that will make a good impact in the future. You no need to sell it soon, just keep monitoring the BTC chart daily, read the global issue, also learning from the expertise, you will get more confident to take a step without fear of loss.

[Gost ms]

Indeed, this is the smart way of people thinking. When you try to start, you need to know this is a long term investment, not an overnight return, this is the basic mindset you need to keep in your mind. When you had a chance to seeing the graphic/chart of cryptocurrency you have, you will learn day by day to assuming by the chart by global condition.

We see now if we have a war between Israel and Palestine, then US is on Israel side, there is an impact on market, that caused the BTC dropped down, but it is not the main reason, sometime the chart going up a bit and making a hop on it, but during the time when the BTC dropped down, there is an opportunity to buying using the DCA method you did usually, no need to buy too much, just have a consistent amount and that will make a good impact in the future. You no need to sell it soon, just keep monitoring the BTC chart daily, read the global issue, also learning from the expertise, you will get more confident to take a step without fear of loss.

Since we are discussing Bitcoin in this place or in this topic, it is better to say Bitcoin directly. Because cryptocurrency refers to all the currencies in the market and many new people can be confused by the word cryptocurrency and can be a victim of fraud by investing in fraudulent coins in the market. Hopefully we understand that Bitcoin is the only coin in which it is the right decision or should be invested or that is the content of this topic.

Bitcoin is completely decentralized and no one has any hand over the Bitcoin market, so we can never say that the Bitcoin market has fallen or risen because of the war between Israel and Palestine or because the United States has taken someone's side. If a government or a bank were to control Bitcoin, then we could say why the market is going up and down.

You do not need to see the chart to invest, if a person invests through the DCA method, then he does not need to see the chart.

[Rabata]

It’s like that most time . But still you have to start , first try understanding the basic knowledge of bitcoin , bitcoin investment doesn’t required to be knowledgeable in the technical aspects . When to investing there’s a certain principle to follow , like the method of buying (either dca , lumpsum , or buying the dip (especially for those that I’ve reach their bitcoin accumulation goal ).  But the best strategy for newbies is dca which is actually buying at different price interval, which some others like buying with your discretionary income, having an emergency funds and reserve funds .

Knowledge is always good when you want to start investing in bitcoin because if you have knowledge about something things can go easy and you can get what to do. Bitcoin investment is always a good investment and if you can get a good source of income you can be using DCA method to be investing so that you can’t feel that worries when the price is not going well for you because some people are investing in bitcoin with there last card or let me says like a short term and if they didn’t get what they need in short term they will start to feel scared and withdraw there funds in there bitcoin investment even when they are in lose they can’t be patient to hold for long term.

If you have basic knowledge to invest in Bitcoin, that is enough. Many investors think that they need a lot of knowledge when they are new, but with a little knowledge, an investor can start investing in Bitcoin. Along with investing, you can gain better knowledge from Bitcoin. If you have a reasonable income, then if you can regularly invest Bitcoin with that money, the investor can build a large Bitcoin portfolio without any pressure. The investor must start investing with the aim of long-term investment. There are many who want to make a profit by investing in the short term, they must be careful. Only long-term investors benefit the most from investing in Bitcoin.

[fuguebtc]

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 I may say, what may be stopping you from starting Bitcoin investment is that you are yet to trust Bitcoin. The reason why you are yet to trust Bitcoin may be a lack of knowledge. So, I will advise you to try and do a little research about Bitcoin and understand some things about it. With that, I believe you can be convinced enough to invest in Bitcoin.Because if it is not a lack of trust in Bitcoin that is putting fear in your mind, how will you see that people are benefiting from it and still stop yourself from investing?Another reason why you may not be able to start your Bitcoin investment may be that you don't have money you can afford to lose. If that is the case, I will not advise you to start. The money that should be invested in Bitcoin is discretionary funds, not money that you will need to use in a few days or in the near future.

I think the best way here is to forget about the knowledge and put it into practice because the experience I know is the best teacher, so when you start your investment you will get to know how it works. It is not a very good idea to delay your investment especially when you are planning for a very long term, so when dealing with Bitcoin put aside all your fears and focus on bitcoin investment.

You should have in mind to be an investor not a trader because both are not the same, traders are classified as people who hold Bitcoin for a very short which is too risky for any newbies to be involve in this kind of risk.

I disagree. It is true that experience is the best teacher, but that does not mean we should ignore theory . In fact, theory helps you avoid many unnecessary mistakes before you have to pay the  price in terms of money and time

Theory is built on the experience of those who came before us,  and learning from the experience of other is often much cheaper than making mistake yourself.

[Charcol]

In my experience, in investing in Bitcoin there is always fear when the market drop, but I realize a lot of things through the years of my investment and for me the key to eliminate the fear and invest long term was just to have a solid financial foundation, most of the time when the market is down every trader, and investors are on panick but when I already build but finances first before investing again in Bitcoin, I was able to actually hold for long term, because when I was just starting investing all of my funds are just invested on Bitcoin, there was no savings or even emergency funds everything was on Bitcoin and when I need money I easy sell my Bitcoin.

Now that I already fix it I realize that this is just the right order of building your finances, you need to invest on the safe investment first, build your savings, build your emergency funds etc. After that you could start investing in the risk things like crypto, ofcourse with a control amount of money, and your not going to worry about it because you know that you don't need the money whenever it drop or pump, you can still leave your life and enjoy because you already have solid finances.

No investment is completely safe. But if you think that any shitcoin other than Bitcoin is safe, it will be the biggest mistake. Because shitcoins are usually hype projects and scams most of the time. Which create hype in the market for some time and then disappear at some point. Although there is risk in every investment, people want to invest in something that can preserve value in the long run. Therefore, instead of looking for extra safe investments, you can invest in gold, Bitcoin or real estate. Because they can preserve their value. And you should not use the word "crypto" here. "Crypto" refers to all kinds of altcoins, shitcoins, scams, hype projects together. But we only want to discuss Bitcoin here. We do not want to discuss such things that will only waste our time.