How better can you discrib your kind of investor.

[liasbaa]

This days people are investing in bitcoin investment for different reasons, some have choosen it to be a better and a saver place to keep their asset from inflation, and some have also been using it as an avenue of making quick cash on trading and exit at will . Furthermore many also has plan of holding for longer duration and build endless wealth overtime through it.  However, here comes my question that has been running through my mind for sometime now, what's your true purpose of investing in bitcoin? Are you here to take profit and walk away like some fair weather dudes does, or you are in to acquired generational wealth in a long run and get the future secured. Share your goals let's see....

The short answer to your question is that I am investing in Bitcoin to be financially successful. Even in the current reforms of the traditional financial system, governments have adopted their previous policies and printed money to increase the liquidity of money and imposed the burden of inflation on the citizens of the country. The value of Fiat is decreasing due to inflation and I know that the extent of this depreciation will increase further in the future. I am holding Bitcoin compared to Fiat accumulating because the value of this potential asset is going to increase in the coming period.

As a long term strategy, I am focusing on Bitcoin investment because the main objective is to earn profit. Although earning profit is the main objective to get to that stage I have to focus on Bitcoin accumulating through patience and I am now passing that focus stage. I am holding Bitcoin regularly and have set a fixed target of 4-10 years.

[Joy- maker]

As for me, I am not investing in bitcoin to take profit and walk away, I use Bitcoin for my daily spending. Whenever I go shopping and the shopping mall is accepting Bitcoin I pay with Bitcoin. I also use Bitcoin for cross border transactions, especially when I want to send money to one of my guys abroad that also use Bitcoin.

However, what people are using their Bitcoin for shouldn't be your business, if they chose to invest, take profit and walk away that is their business not yours, even if they side to trade their Bitcoin for quick profit that is also their business. We are all Free to use Bitcoin the way we want and nobody will question us for that.

[Inior]

There are lot of purposes why people are actually investing into Bitcoin it could be for wealth accumulation and or for instant profits making, both however, the the goal should be if f people are really utilizing the sole purpose of Bitcoin why it's created? That should be our question, and of course it would be very hard to maintain that standard since most people sees it as a store of value where they wouldn't mind holding for decades and foronger duration. The thing is, we should not focus on shut coin instead we should be investing into reputable coins in order not to get dumped.

Indeed everyone has their reasons why they invest in bitcoin. Some might be because their friends are investing in bitcoin or even because someone boasted about the profits they have made in bitcoin, so many reasons which are all good for the start up but then, we definitely can't rely on those excitement to help us throughout the long term holding process which is why we need to understand for ourselves how these things works. Bitcoin is more than just an asset to me, I find it comforting to save there rather than our fiat due to inflation and its decentralized nature.

[cocadalcan]

My primary goal with Bitcoin is to build a significant holding. With this goal in mind, I am accumulating Bitcoin regularly through discretionary income. I am not accumulating Bitcoin for the purpose of making a quick profit.

My other goal is to increase the pace of Bitcoin accumulation as my income increases and continue to increase my Bitcoin holdings using DCA as long as my income source remains. Long term means you can DCA regularly for a cycle or two or more.

I have this long term investment plan in preparation for the possibility of Bitcoin's price skyrocketing in the future.

[Mate2237]

Even though many people will not agree with my point of view but from what I have been able to learn from people investing in Bitcoin is that money and making profit is the basic underlying factor that make people to invest. Bitcoin today is one thinthat has become a source of making money. You can't remove money as one factor which influence people to investing in Bitcoin.

Many of the people who are into Bitcoin is only trying to become financially responsible, because most of the people are struggling financially and so bitcoin is an opportunity for them to break free from that realm that they finds themselves. The people who is looking at passing down generational wealth to their offerings via Bitcoin is not much .

[Big Dirams]

Even though many people will not agree with my point of view but from what I have been able to learn from people investing in Bitcoin is that money and making profit is the basic underlying factor that make people to invest. Bitcoin today is one thinthat has become a source of making money. You can't remove money as one factor which influence people to investing in Bitcoin.

Many of the people who are into Bitcoin is only trying to become financially responsible, because most of the people are struggling financially and so bitcoin is an opportunity for them to break free from that realm that they finds themselves. The people who is looking at passing down generational wealth to their offerings via Bitcoin is not much .

You made a good point that exactly the mindset many people take into bitcoin investment most especially those new investors.  They see bitcoin investment as a financial set free and source of income that will give the the total stability and comfort they are after and to be Frank such mindset will always lead into regrets because we will always be eager to secure our profits as soon as we see an opportunity from the market.

 That mindset won’t give us the long term success we are looking for and such mindset will turn our investment journey into trading journey because we don’t have plans or exit point we take our profits as soon as we see one. Let have strategy and long term plan so we can have a lot of opportunities at the long run.  Bitcoin investment profits isn’t guaranteed no matter how long we hold or buy but we just have chances and possibilities of good returns when we hold for longer period of time due to the volatility of bitcoin but profits shouldn’t be our primary goal.

[Agbamoni]

As for me, I am not investing in bitcoin to take profit and walk away, I use Bitcoin for my daily spending. Whenever I go shopping and the shopping mall is accepting Bitcoin I pay with Bitcoin. I also use Bitcoin for cross border transactions, especially when I want to send money to one of my guys abroad that also use Bitcoin.

However, what people are using their Bitcoin for shouldn't be your business, if they chose to invest, take profit and walk away that is their business not yours, even if they side to trade their Bitcoin for quick profit that is also their business. We are all Free to use Bitcoin the way we want and nobody will question us for that.

Are you for real? In Nigeria, it is rare to see someone using Bitcoin for daily expenses because not all transactions can be done using Bitcoin due to transaction fees. It makes more sense in the part where you use it for cross-border transactions.

Another thing, name one shopping mall that accepts Bitcoin for mini transactions. Except you are buying a product that cost high and if the vendor accepts Bitcoin in Nigeria.

[Fiatless]

Are you for real? In Nigeria, it is rare to see someone using Bitcoin for daily expenses because not all transactions can be done using Bitcoin due to transaction fees. It makes more sense in the part where you use it for cross-border transactions.

Another thing, name one shopping mall that accepts Bitcoin for mini transactions. Except you are buying a product that cost high and if the vendor accepts Bitcoin in Nigeria.

Baba even me I shock. Most businesses in Nigeria, don't accept cryptocurrencies. So it would be difficult to use cryptocurrency for daily transactions. Using it for trans border trade sounds more thoughtful since it would save costs and promote privacy.

In my area, there is no single business that accepts Bitcoin. But there might be some in highbrow areas of the state. I cannot dispute his claims since I don't know his location in Nigeria. 

For OP, na money make me buy Bitcoin. As the price increase, I dey sell am use the money to invest in other things. I also plan to keep some as an inheritance for my dependents.

[PhilosopherKing]

Are you for real? In Nigeria, it is rare to see someone using Bitcoin for daily expenses because not all transactions can be done using Bitcoin due to transaction fees. It makes more sense in the part where you use it for cross-border transactions.

Another thing, name one shopping mall that accepts Bitcoin for mini transactions. Except you are buying a product that cost high and if the vendor accepts Bitcoin in Nigeria.

in Nigeria anything that pass doing your payment with opay, palmpay, and monie point count vendors out of it, those lots will not listen to you. Not all person know bitcoin, some still scared as hell to accept it for transactions because the price is not stable and it can loose value at any time. These lots just want something that is stable and can predicted. If they sell things today they want to know what they can gain so they can go and buy more to sell.

bitcoin is not good for short time transactions. Ten years from now, I don't think Nigerian will be rushing and be accepting bitcoin for payment like that because price shakes

[fredericktaylor]

This days people are investing in bitcoin investment for different reasons, some have choosen it to be a better and a saver place to keep their asset from inflation, and some have also been using it as an avenue of making quick cash on trading and exit at will . Furthermore many also has plan of holding for longer duration and build endless wealth overtime through it.  However, here comes my question that has been running through my mind for sometime now, what's your true purpose of investing in bitcoin? Are you here to take profit and walk away like some fair weather dudes does, or you are in to acquired generational wealth in a long run and get the future secured. Share your goals let's see....

People have different motives behind investing in Bitcoin, but the main goal of most of them is to make money. However, those investors who buy Bitcoin consistently with the right knowledge and hold Bitcoin patiently for a long time can expect long-term profits from Bitcoin. By purchasing Bitcoin with a long-term plan, investment risk is reduced and one can protect their valuable money from inflation and can expect long-term profits from Bitcoin. Bitcoin is the future asset, so by waiting for good times with confidence during market volatility, success in the future can be expected.

[MainIbem]

As for me, I am not investing in bitcoin to take profit and walk away, I use Bitcoin for my daily spending. Whenever I go shopping and the shopping mall is accepting Bitcoin I pay with Bitcoin. I also use Bitcoin for cross border transactions, especially when I want to send money to one of my guys abroad that also use Bitcoin.

However, what people are using their Bitcoin for shouldn't be your business, if they chose to invest, take profit and walk away that is their business not yours, even if they side to trade their Bitcoin for quick profit that is also their business. We are all Free to use Bitcoin the way we want and nobody will question us for that.

Are you for real? In Nigeria, it is rare to see someone using Bitcoin for daily expenses because not all transactions can be done using Bitcoin due to transaction fees. It makes more sense in the part where you use it for cross-border transactions.

Another thing, name one shopping mall that accepts Bitcoin for mini transactions. Except you are buying a product that cost high and if the vendor accepts Bitcoin in Nigeria.

I know there' would be malls in bigger cities in Lagos and Abuja that would accept the use of Bitcoin for transactions, even some top hotels too but none that I know of. Also, I've been to several malls in the city i live in but I've not seen any that uses Bitcoin for transactions for now, maybe in the future but currently there's none. Maybe the person who made that statement lives in a bigger city like in those places I mentioned cause those are where it would be possible to find malls that accepts Bitcoin for transactions.

[Agbamoni]

I know there' would be malls in bigger cities in Lagos and Abuja that would accept the use of Bitcoin for transactions, even some top hotels too but none that I know of. Also, I've been to several malls in the city i live in but I've not seen any that uses Bitcoin for transactions for now, maybe in the future but currently there's none. Maybe the person who made that statement lives in a bigger city like in those places I mentioned cause those are where it would be possible to find malls that accepts Bitcoin for transactions.

OP made the statement, but that's not what we should be emphasizing.

In big cities, you say, I have people who live over there. Once in a while, I visit the big cities, shop at the moment, book a reservation, and yet have not seen places where Bitcoin is used for transacting with goods and services that are below 10k. Very few people make transactions of over a million in shopping and hotels in a day. Those transactions are totally different from what we are talking about there. I am referring to minor transactions in a regular shop/kiosk, at the market, and so on.

[ASloveapg]

My primary goal with Bitcoin is to build a significant holding. With this goal in mind, I am accumulating Bitcoin regularly through discretionary income. I am not accumulating Bitcoin for the purpose of making a quick profit.

My other goal is to increase the pace of Bitcoin accumulation as my income increases and continue to increase my Bitcoin holdings using DCA as long as my income source remains. Long term means you can DCA regularly for a cycle or two or more.

I have this long term investment plan in preparation for the possibility of Bitcoin's price skyrocketing in the future.

We should maintain a long-term perspective when accumulating Bitcoin, short-term expectations can only lead us to disappointment, but if we just stick to the purpose of accumulating and holding, then many good opportunities will come to us in the future. In fact, everyone has to make their own decisions here in terms of utilizing future opportunities, if you really believe in Bitcoin and you have credibility about its future prospects, then you will definitely be successful in holding Bitcoin. This is a personal matter for everyone, everyone will decide to hold Bitcoin or move away from it according to their own perspective and ability.