Why do even the wise lose in Bitcoin investment

[gracreavix]

You have misunderstood Bitcoin investment completely.

Bitcoin investment and investment generally is not a test for who is wise and who is foolish. Investing in Bitcoin is all about technical know-how than measuring your level of wisdom. The knowledge you have acquired and how you apply the knowledge is what keeps your investment going for the long term.

People who are considered to be "wise" naturally have tried Bitcoin and failed, some tried to outsmart or find a shortcut in achieving success through Bitcoin with nothing to show forth in the end. On the other hand, those who are not considered wise have succeeded consecutively in Bitcoin investment because they did not ignore the basic principles.

You can have master degree, PHD, other academic honors and still lose in Bitcoin investment. The reward is for those who learn and discipline themselves not for title owners, CEO, or someone who have the highest shares. This is a chance for you to change your narrative whenever you see people losing in Bitcoin investment, it is not because they lack wisdom it is because they didn't apply the strategy correctly or they are not consistent.

You have a point, Bitcoin investment isn't a measure of who is wiser than the other but in this context he is trying to say that people that consider themselves smart enough to understand what Bitcoin is all about can make certain mistakes that leads to losses. It is agreeable to say that for anyone to understand Bitcoin and crypto currency in general your comprehension skills must be at least on a moderate level but even if you possess that you can end up losing as a result of FOMO, being overly emotional and also greed is another reason why investors can end up losing.

Na true you talk. Some people fit understand Bitcoin well, sabi the technology and still lose money because emotions no dey hear knowledge sometimes. Na why discipline dey very important for this space. FOMO don make many people rush enter market when price don already high, greed go make person nor take profit, fear too go make person sell when market dip small.
To understand Bitcoin na one thing, but to control your mind and emotions na another battle entirely. Even smart people dey make mistakes for this market because Bitcoin nor be only about sense.

[Supreme Donvic]

OP I don't think a wise person will be losing in Bitcoin investment do you really understand what it means to be a wise person a wise person before going into become investment will do a lot of research and will know everything about bitcoin investment before going into it even though he don't know everything he will have the list basic knowledge, and anyone that have the basic knowledge and the history of Bitcoin will not fail, the only reason some people fail in Bitcoin investment is because they don't understand what bitcoin investment is all about some thing that it's just an investment you can make huge amount of money in few months. I don't think when you have the right knowledge about bitcoin investments you will fail, I really don't think so.

[Queen uloma]

OP I don't think a wise person will be losing in Bitcoin investment do you really understand what it means to be a wise person a wise person before going into become investment will do a lot of research and will know everything about bitcoin investment before going into it even though he don't know everything he will have the list basic knowledge, and anyone that have the basic knowledge and the history of Bitcoin will not fail, the only reason some people fail in Bitcoin investment is because they don't understand what bitcoin investment is all about some thing that it's just an investment you can make huge amount of money in few months. I don't think when you have the right knowledge about bitcoin investments you will fail, I really don't think so.

You’re very correct, someone who has knowledge about bitcoin before they invest will surely know how to avoid some common mistakes, that makes other people to lose in bitcoin. If someone knows how bitcoin operate, understand the market circle, knows how to manage risk in bitcoin it will help them reduce chances of losing heavily. At the same time, even wise people still  losses in bitcoin. because bitcoin investment is not 100% guarantee Because the market is volatile, which means that bitcoin price can rise and fall unexpectedly. Some people have knowledge about bitcoin but the major problem they are facing is fear, and impatient. which most times pushes them to make wrong decision like to panic and sell, or to invest with money that they cannot afford to invest for longterm without panicking.

[Lenubari]

OP I don't think a wise person will be losing in Bitcoin investment do you really understand what it means to be a wise person a wise person before going into become investment will do a lot of research and will know everything about bitcoin investment before going into it even though he don't know everything he will have the list basic knowledge, and anyone that have the basic knowledge and the history of Bitcoin will not fail, the only reason some people fail in Bitcoin investment is because they don't understand what bitcoin investment is all about some thing that it's just an investment you can make huge amount of money in few months. I don't think when you have the right knowledge about bitcoin investments you will fail, I really don't think so.

I understand your point, but having knowledge about Bitcoin does not automatically guarantee success. A wise person can still lose money if emotions enter the picture. Even people with basic knowledge sometimes panic sell during market crashes, buy due to hype, or invest money they cannot afford to lose.

Bitcoin history teaches us that the market can be unpredictable. Knowledge reduces mistakes and risk, but it does not remove risk completely. Even experienced investors make losses at times. Success in Bitcoin is not just about knowledge; it also involves patience, discipline, timing, and controlling emotions.

[PremiumcryptoHub]

A wise bitcoin investor will not lose in his investment because the person understands the right investment method to go into that would not lead to losses. A wise investor doesn't rush into investing in what he doesn't know the history they do not go into pump and dump altcoins rather they go for long term investment like holding because they will not lose when they do not sell during the dip. Losing in your bitcoin investment only means you are not a wise investor or you lack knowledge, a wise investor learns from the mistake of other investors he doesn't lose in his investments.

To my knowledge no one can be a prudent investor without doing their own research and understanding the movements of market charts and avoiding common mistakes. You are right that a prudent investor does not rush to invest in something that they do not know the history of because their first goal is to do some research on any cryptocurrency coin, analyze it and see the record of previous pumps and dumps in its price, that is why those investors give priority to BTC first. Also, I think that if anyone on this local board wants to be such an investor, then they should not be emotional but have a specific strategy, long-term plan, risk management and emergency fund, which will easily help any inexperienced member of this LB reach the ranks of prudent investors.

[Fiasem20]

A wise bitcoin investor will not lose in his investment because the person understands the right investment method to go into that would not lead to losses. A wise investor doesn't rush into investing in what he doesn't know the history they do not go into pump and dump altcoins rather they go for long term investment like holding because they will not lose when they do not sell during the dip. Losing in your bitcoin investment only means you are not a wise investor or you lack knowledge, a wise investor learns from the mistake of other investors he doesn't lose in his investments.

To my knowledge no one can be a prudent investor without doing their own research and understanding the movements of market charts and avoiding common mistakes. You are right that a prudent investor does not rush to invest in something that they do not know the history of because their first goal is to do some research on any cryptocurrency coin, analyze it and see the record of previous pumps and dumps in its price, that is why those investors give priority to BTC first. Also, I think that if anyone on this local board wants to be such an investor, then they should not be emotional but have a specific strategy, long-term plan, risk management and emergency fund, which will easily help any inexperienced member of this LB reach the ranks of prudent investors.

Well said.You can’t boast of being a wise investor when you don’t know how to manage risk and dutifully carry out research.A wise investor doesn’t jump into an investment all because a lot of people are into it,if you aren’t wise in this space you’d lose interest quickly.It’s certain that there would always be Ponzi schemes and the legit coins,so it all depends on the one you subscribe to.Most crypto enthusiasts have a target goal that they would never participate in shitcoin,that comes from self discipline.You must be here nor there,it’s high time you stick to one prominent coin in the industry.Nevertheless,not all coins other than bitcoin are scam projects but you just have to be careful and carry out your research dutifully before investing your hard earned money.

[Dr.Bitcoin_Strange]

Anyone who sells because of FOMO cannot be considered wise in terms of making bitcoin decisions. They may be wise on other aspects of life but as long as bitcoin is concerned they cannot be called wise. Sometimes the wisest persons are those with experience on that field those who has seem similar things before and that can give advice that is closely related to how the outcome would be if they adopt a certain principle. However experience in very important to strengthen the mind of an investor to not panic in times of volatility and bearish trends.

That's why it's important to have a proper knowledge of investing in Bitcoin because that what makes the person smart in regards to Bitcoin investment, when someone have proper knowledge of Bitcoin, they know that FOMO is just but a temporary event that normally happens to force most weak hands to sell off their coins to the real holders who will then make more profits that those that sold at the earlier time and probably sold at lose. I always encourage everyone to learn Bitcoin properly before investing so that they don't lose it to scammers or end up unprofitable.

[Ayebabara]

The game of Bitcoin is never believed to be a competition between the wise and the foolish one and there is no yard stick for measuring both in this system.

Bitcoin is believed to be a system which involves mining and trading in the digital marketing and requires the followings,
A) patience and consistency: This is notifying anyone out there that is in the system of digital marketing should always learn to exercise patients and also making out time to nurture the history her profile which highly involved crypto currency knowledge and practices.
Ome must be focused on the platform to been able to gather necessary and relevant informations concerning Crypto trading or the digital marketing.

B) Knowledge of Investing: One must have the knowledge of investing in Bitcoin or crypto currency and every  beginners should be on ground with all ears to listen and learn but my major advice for those who does not know how to go about the investing in Bitcoin should consider serving a mentor as an apprentice before planning to become boss of their own so that one can gain a proper knowledge of investing in Bitcoin without fear of missing out (FOMO).

C) Calculating And Timing: anyone that is to invest in Bitcoin or that is mining must  must be sharp and formally gain general awareness of everything new in the digital marketing inline with both inflation deflation periods, you must be always at alert because one thing I understand that everyone involved in investing in Bitcoin should know is the proper information about when the price is floating or sinking that is when it's high and low should always be made know to you.

I mentioned that because most reasons both the wise and the foolish losses is because of lack of knowledge of investing, calculating or timing during the period of trading Bitcoin.

[Agbe]

Wisdom is the highest cognitive in education and once someone is wise then the real application will be applied and everything will be fine and correct and there will be no mistake because him go apply di right application for everything. We need knowledge in bitcoin investment buy ordinary knowledge can't give you weti you like so wisdom is needed. There are many things to scale through and wisdom is needed. Scammers dey there. Mistakes dey there and even though you know them wisdom is needed. And once you get wisdom, you no go loss bitcoin again. Because I go apply di right application at all time.

[Hyphen(-)]

The factors associated with Bitcoin volatility

When the price increases, FOMO is created among investors. They think that Bitcoin may go beyond their limits right now. If they cannot buy at that time, they will not be able to buy Bitcoin or they may lose a big profit. This type of FOMO is created with the increase in price, which can cause losses for the investor.

If the price decreases, then many think that they may be facing a big loss, which is why their panic sale starts at that time.

Some people hold the profit in the hope of more, which later leads to losses. As these problems constantly circulate among investors, they are prevented from getting the expected results from their investments.

Making decisions based on emotions like selling at low prices and buying at high prices is a big problem for investors. If investors can make good decisions about these two things in their investments, then it is possible to get good results from their investments. I am interested in contributing your feedback on this.

I will combine all these points of your to give you one answer because it only have one answer despite the fact that you wrote as many words as possible.

As far it is Bitcoin investment, if you are an investor that believes in Bitcoin which means you know what Bitcoin is all about and understand the reason for its creation, you will not doubt Bitcoin to be among the market speculators that causes FOMO due to market volatility that you might have studied and you know how it works.

Patience is a very key factor in Bitcoin investment, if you can be patience and invest in Bitcoin not to trade Bitcoin as short term traders and future traders are doing, you will make profit from Bitcoin regardless of the price movement as long as you hold for very long. Because Bitcoin is decentralized and with its limited supply and high demand, the price will decently pump with time, so be patience and be consistent with your investment.

[cocadalcan]

Anyone who sells because of FOMO cannot be considered wise in terms of making bitcoin decisions. They may be wise on other aspects of life but as long as bitcoin is concerned they cannot be called wise. Sometimes the wisest persons are those with experience on that field those who has seem similar things before and that can give advice that is closely related to how the outcome would be if they adopt a certain principle. However experience in very important to strengthen the mind of an investor to not panic in times of volatility and bearish trends.

That's why it's important to have a proper knowledge of investing in Bitcoin because that what makes the person smart in regards to Bitcoin investment, when someone have proper knowledge of Bitcoin, they know that FOMO is just but a temporary event that normally happens to force most weak hands to sell off their coins to the real holders who will then make more profits that those that sold at the earlier time and probably sold at lose. I always encourage everyone to learn Bitcoin properly before investing so that they don't lose it to scammers or end up unprofitable.

I find your opinion reasonable and valuable. But what do you say about people who waste time learning about Bitcoin? Some folk waste time even though they have adequate funds because they think they need to learn more about investing. Some investors consider the additional risk involved in investing in Bitcoin as a volatile digital asset and want to learn more about Bitcoin investing. While this process is ongoing they lose a best investment time. So, you can start accumulation Bitcoin without needing to know much about Bitcoin and with this basic knowledge. Choose the period of time to accumulation to gain extensive knowledge about Bitcoin.

If you have less knowledge or are a new investor, there may be volatility during the price increase or decrease. If you want to stay stable in Bitcoin accumulation for the long term stay regular through discretionary income.

[Youngrebel]

I find your opinion reasonable and valuable. But what do you say about people who waste time learning about Bitcoin? Some folk waste time even though they have adequate funds because they think they need to learn more about investing. Some investors consider the additional risk involved in investing in Bitcoin as a volatile digital asset and want to learn more about Bitcoin investing. While this process is ongoing they lose a best investment time. So, you can start accumulation Bitcoin without needing to know much about Bitcoin and with this basic knowledge. Choose the period of time to accumulation to gain extensive knowledge about Bitcoin.

If you have less knowledge or are a new investor, there may be volatility during the price increase or decrease. If you want to stay stable in Bitcoin accumulation for the long term stay regular through discretionary income.

The problem is some of us spend too much time trying to understand every detail about Bitcoin before we even start investing in it, and in that space of time we might actually miss good opportunities am not saying spending time to learn about it is bad but i actually believe that basic knowledge is enough to begin with, most especially if the person is starting his or her investment with just a small amounts that won’t show much effect to them if it lost.

[fredericktaylor]

I find your opinion reasonable and valuable. But what do you say about people who waste time learning about Bitcoin? Some folk waste time even though they have adequate funds because they think they need to learn more about investing. Some investors consider the additional risk involved in investing in Bitcoin as a volatile digital asset and want to learn more about Bitcoin investing. While this process is ongoing they lose a best investment time. So, you can start accumulation Bitcoin without needing to know much about Bitcoin and with this basic knowledge. Choose the period of time to accumulation to gain extensive knowledge about Bitcoin.

If you have less knowledge or are a new investor, there may be volatility during the price increase or decrease. If you want to stay stable in Bitcoin accumulation for the long term stay regular through discretionary income.

The problem is some of us spend too much time trying to understand every detail about Bitcoin before we even start investing in it, and in that space of time we might actually miss good opportunities am not saying spending time to learn about it is bad but i actually believe that basic knowledge is enough to begin with, most especially if the person is starting his or her investment with just a small amounts that won’t show much effect to them if it lost.

It is better not to take too long to start investing in Bitcoin, what we need at the beginning is to have basic knowledge about Bitcoin, as well as a discretionary financial strategy and a long-term plan. I think that if an investor is interested in learning then along with investing he can increase his knowledge about Bitcoin and confidence gradually increases. When an investor buy Bitcoin consistently with discretionary money and hold it for the future with confidence as a result profits can be made from Bitcoin. The market can fall at any time, so it is wise not to get discouraged and take advantage of the opportunity with confidence. Your interest in learning can gradually make you wise, Therefore, it is very important to invest small amounts without taking extra time to invest and patiently wait for better times in the future.

[Silikiem]

OP I don't think a wise person will be losing in Bitcoin investment do you really understand what it means to be a wise person a wise person before going into become investment will do a lot of research and will know everything about bitcoin investment before going into it even though he don't know everything he will have the list basic knowledge, and anyone that have the basic knowledge and the history of Bitcoin will not fail, the only reason some people fail in Bitcoin investment is because they don't understand what bitcoin investment is all about some thing that it's just an investment you can make huge amount of money in few months. I don't think when you have the right knowledge about bitcoin investments you will fail, I really don't think so.

Bitcoin is very volatile and really unpredictable and thats just the reason why even people who thinks they know it all In bitcoin still finds it difficult to get everything right in their investment. No one can perfectly predict the outcome or price of bitcoin in the next minutes, is very decentralized and there are lots of different factors which affects the price of bitcoin and most of this factors are unknown to us so no one can get everything right In bitcoin

[Abu-Naim]

Making decisions based on emotions like selling at low prices and buying at high prices is a big problem for investors. If investors can make good decisions about these two things in their investments, then it is possible to get good results from their investments. I am interested in contributing your feedback on this.

To decide when to buy and when to sell in Bitcoin investment is for short time traders not investors, they invest when the price is low and sell when the price goes up; they only have patient when they feel like their prediction went wrong and they can’t  sell at loss, that’s when they will have to hold on to their BTC holding till the price goes back to where they planned.

Bitcoin investors don’t use market speculation to buy, they buy when they have money and sell when they are in need of money if they have no option again than to sell; they don’t sell once the price pump and they buy more is they have money at any price because they have the plan to hold for long and not to sell when the price goes up.

[PremiumcryptoHub]

A wise bitcoin investor will not lose in his investment because the person understands the right investment method to go into that would not lead to losses. A wise investor doesn't rush into investing in what he doesn't know the history they do not go into pump and dump altcoins rather they go for long term investment like holding because they will not lose when they do not sell during the dip. Losing in your bitcoin investment only means you are not a wise investor or you lack knowledge, a wise investor learns from the mistake of other investors he doesn't lose in his investments.

To my knowledge no one can be a prudent investor without doing their own research and understanding the movements of market charts and avoiding common mistakes. You are right that a prudent investor does not rush to invest in something that they do not know the history of because their first goal is to do some research on any cryptocurrency coin, analyze it and see the record of previous pumps and dumps in its price, that is why those investors give priority to BTC first. Also, I think that if anyone on this local board wants to be such an investor, then they should not be emotional but have a specific strategy, long-term plan, risk management and emergency fund, which will easily help any inexperienced member of this LB reach the ranks of prudent investors.

Well said.You can’t boast of being a wise investor when you don’t know how to manage risk and dutifully carry out research.A wise investor doesn’t jump into an investment all because a lot of people are into it,if you aren’t wise in this space you’d lose interest quickly.It’s certain that there would always be Ponzi schemes and the legit coins,so it all depends on the one you subscribe to.Most crypto enthusiasts have a target goal that they would never participate in shitcoin,that comes from self discipline.You must be here nor there,it’s high time you stick to one prominent coin in the industry.Nevertheless,not all coins other than bitcoin are scam projects but you just have to be careful and carry out your research dutifully before investing your hard earned money.

Yes, it is certain that there will always be Ponzi schemes and legitimate coins so you need to be prudent and analytical to choose them which is a quality of a prudent investor. I think Most crypto enthusiasts try to be prudent investors by regularly checking market chart movements and also checking for sufficient market cap and liquidity and token supply before investing in any coin.

You are somewhat right in your comment that all coins except Bitcoin are not scam projects but even then we see that many nigerians are not getting sufficient returns by investing in those alt coins but to my knowledge by investing in Bitcoin they have the opportunity to benefit from two aspects such as BTC acting as a hedge against the depreciation of the local currency and also having the opportunity to earn sufficient money by holding this BTC in the long term.

[Cyber_warrior]

I find your opinion reasonable and valuable. But what do you say about people who waste time learning about Bitcoin? Some folk waste time even though they have adequate funds because they think they need to learn more about investing. Some investors consider the additional risk involved in investing in Bitcoin as a volatile digital asset and want to learn more about Bitcoin investing. While this process is ongoing they lose a best investment time. So, you can start accumulation Bitcoin without needing to know much about Bitcoin and with this basic knowledge. Choose the period of time to accumulation to gain extensive knowledge about Bitcoin.

If you have less knowledge or are a new investor, there may be volatility during the price increase or decrease. If you want to stay stable in Bitcoin accumulation for the long term stay regular through discretionary income.

The problem is some of us spend too much time trying to understand every detail about Bitcoin before we even start investing in it, and in that space of time we might actually miss good opportunities am not saying spending time to learn about it is bad but i actually believe that basic knowledge is enough to begin with, most especially if the person is starting his or her investment with just a small amounts that won’t show much effect to them if it lost.

You do have a point man, having basic knowledge about bitcoin is absolutely enough for us to start our investment journey no need to wait for some while before we should invest that not really necessary. We can start our investment journey and at the same time we can still keep acquiring more knowledge of bitcoin without it affecting anything at all so waiting to gain much knowledge and understanding of bitcoin isn’t necessary at all with basic knowledge of bitcoin we can as well start our journey of investment and make good results despite profits making isn’t something that is guaranteed. Also if you already have your discretionary money to invest even acquiring basic knowledge shouldn't delay your investment.

[Crytohillss]

I find your opinion reasonable and valuable. But what do you say about people who waste time learning about Bitcoin? Some folk waste time even though they have adequate funds because they think they need to learn more about investing. Some investors consider the additional risk involved in investing in Bitcoin as a volatile digital asset and want to learn more about Bitcoin investing. While this process is ongoing they lose a best investment time. So, you can start accumulation Bitcoin without needing to know much about Bitcoin and with this basic knowledge. Choose the period of time to accumulation to gain extensive knowledge about Bitcoin.
If you have less knowledge or are a new investor, there may be volatility during the price increase or decrease. If you want to stay stable in Bitcoin accumulation for the long term stay regular through discretionary income.

Most individuals wait too long because they think they need big money or right time before starting learning while investing little by little really helps build confidence and experience over time, the market will always move up and down but people who keeps learning and stayed.  discipline usually know the Long term run value more better. For me beginning little , learning continuously and avoiding emotional decisions is probably one of the smartest way to embark on Bitcoin investment.

[cocadalcan]

I find your opinion reasonable and valuable. But what do you say about people who waste time learning about Bitcoin? Some folk waste time even though they have adequate funds because they think they need to learn more about investing. Some investors consider the additional risk involved in investing in Bitcoin as a volatile digital asset and want to learn more about Bitcoin investing. While this process is ongoing they lose a best investment time. So, you can start accumulation Bitcoin without needing to know much about Bitcoin and with this basic knowledge. Choose the period of time to accumulation to gain extensive knowledge about Bitcoin.

If you have less knowledge or are a new investor, there may be volatility during the price increase or decrease. If you want to stay stable in Bitcoin accumulation for the long term stay regular through discretionary income.

The problem is some of us spend too much time trying to understand every detail about Bitcoin before we even start investing in it, and in that space of time we might actually miss good opportunities am not saying spending time to learn about it is bad but i actually believe that basic knowledge is enough to begin with, most especially if the person is starting his or her investment with just a small amounts that won’t show much effect to them if it lost.

Exploring knowledge is fun and educational and if it is for earning money, it can lead to more positive outcomes. You will be curious to know the every detail of Bitcoin but it will take a lot of time to learn the details. Instead of wasting so much time learning the details, learn the basics of investing and start accumulating Bitcoin. I agree with you that basic knowledge is enough to start Bitcoin. This basic knowledge will include managing a secure non custodial wallet, accumulation Bitcoin regularly through discretionary income and having/creating an emergency fund available which is very important for long term Bitcoin journey.