As a beginner start compounding bitcoin.

[GeorgeJohn]

Holding bitcoin can truly make someone's wealth to increase.

Holding of bitcoin is good, but if bitcoin you increases your wealth, it depends on the amount of bitcoin you hold and how long it stays with you...I know quite well that Holding of bitcoin is like a future investment and it's not necessarily mean that it will give you profit..sometimes on the process of Holding bitcoin, the price crashes beyond the price when you bought it...So, little amounts of bitcoin investment can't increase your wealth..because i know that the larger you hold bitcoin the more the profit increase if tue market turns to be favorable or promising..

[Cyber_warrior]

Holding bitcoin can truly make someone's wealth to increase.

Holding of bitcoin is good, but if bitcoin you increases your wealth, it depends on the amount of bitcoin you hold and how long it stays with you...I know quite well that Holding of bitcoin is like a future investment and it's not necessarily mean that it will give you profit..sometimes on the process of Holding bitcoin, the price crashes beyond the price when you bought it...So, little amounts of bitcoin investment can't increase your wealth..because i know that the larger you hold bitcoin the more the profit increase if tue market turns to be favorable or promising..

One thing many of this new investors need to get right is that bitcoin investment doesn’t guarantee profits and success isn’t guaranteed at all because many of them are getting it wrong and seeing bitcoin investment as a assured investment that gives sure profits when invested in but that not the true thing about it.
Investing in bitcoin and holding for long term does have high probability of getting high gains and making it successful but it isn’t guaranteed at all and also same goes for short term holdings but in short term holding the chances of making it out successfully is very very low. And on thing again is let not put the profits in front and end up being greedy over bitcoin investment. Putting profits into consideration is will just shift the whole thing other ways.

[boyptc]

One thing many of this new investors need to get right is that bitcoin investment doesn’t guarantee profits and success isn’t guaranteed at all because many of them are getting it wrong and seeing bitcoin investment as a assured investment that gives sure profits when invested in but that not the true thing about it.

That is one of the many misconception of newbie investors. They think that by simply buying bitcoin, they'll get rich overnight.

I get where they are getting that from with all of the scams that they probably have been through. The idea sticks to their minds that most of these internet investments are a rich overnight schemes but bitcoin isn't one of them.

It encourages them to abide by that idea because they only see the success stories that are shown and posts everywhere in social media platforms.

[Bobrox]

Start compounding bitcoin actually good advice for trader with long term target but if you are trading with short term target always looking the opportunity for selling at higher price without fully focus for compounding, have the moment start compounding during the market and bitcoin at lower price is great way to earn much profitable but compounding when bitcoin have been higher price I think not good ideas. Newbie have to know right moment start compounding not always true keep accumulate bitcoin how much possibility but entering at wrong moment.
Wrong concept for newbie or beginner in cryptocurrency investment, keep consistent compounding bitcoin without looking how highest price of bitcoin its self really bad ideas with possibility become long term holder raise back to the higher price. In my opinion if start compounding have on the right moment but don't be loyal holder have to sell when bitcoin break out and raise up more than 30% to 40%.

[Pablo-wood]

A newbie or beginner need proper knowledge before the start compounding bitcoin. Bitcoin asset is very volatile and will require enough knowledge to stand the pressure of selling at every slightest market move. Knowledgeable compounding yields the best result because that way the holder understands how price movement works and how not to panic even if the experience a very sharp dip in price.

The deeper the knowledge the better holder the become, the shallow the knowledge the higher their chances of falling into panic and sell pressure.

[michellee]

Warren Buffet is one good examples who have done investments or business that increasing his wealth and succeed. We can follow his step to be a consistent investors in Bitcoin using his step after we modify so that works to us.

We have Bitcoin that can be our long term investment so we should hodl it until the time to sell comes. No need to worry with the price as that is the thing that always change so you should just focus with your accumulation.

Hodling 5-10 years is not too long if you can enjoy your ride and not think too hard doing that. If you see other people panic with anything happen to Bitcoin, you can let them and calm down yourself. You can stay as a newbie and pretend that you are new people in Bitcoin so you can invests under the radar.

[liasbaa]

Holding bitcoin can truly make someone's wealth to increase.

Holding of bitcoin is good, but if bitcoin you increases your wealth, it depends on the amount of bitcoin you hold and how long it stays with you...I know quite well that Holding of bitcoin is like a future investment and it's not necessarily mean that it will give you profit..sometimes on the process of Holding bitcoin, the price crashes beyond the price when you bought it...So, little amounts of bitcoin investment can't increase your wealth..because i know that the larger you hold bitcoin the more the profit increase if tue market turns to be favorable or promising..

The amount of profit you can make will depend on your Bitcoin holding. Investors can never expect high profits from a small amount of capital. Profit are not guaranteed but if a small and poor investor can accumulate Bitcoin regularly and the period is between 4-10 years his chances of making profits will increase. Maybe due to the possible increase in price his capital can be 2x or 3x or even more.

[Out of mind]

Before we even start compounding it, we are expected to understand some of the safety precaution and measures that we should take first before advancing into anything about cryptocurrency, this will be the first protection we needed as information is the key security, of course it is good that we give acquiring bitcoin as we can, as long as we are not going to sell in loss but instead to make profit.

Of course, information is the key to security, but there are some newbies who face big losses due to lack of security and knowledge. Especially in assets like Bitcoin, we know that long-term thinking and proper security habits are very important. Basically, people come to Bitcoin to invest in them and profit from it, but only those who can take care of everything properly can profit. A long-term view is better than a get rich quick mentality, those who try to get rich quickly often face losses. However, many of those who have learned about Bitcoin patiently and invested with an understanding of the risks have made good profits over time, which is why it is most important to plan for security in addition to investing.

[Shineup]

A newbie or beginner need proper knowledge before the start compounding bitcoin. Bitcoin asset is very volatile and will require enough knowledge to stand the pressure of selling at every slightest market move. Knowledgeable compounding yields the best result because that way the holder understands how price movement works and how not to panic even if the experience a very sharp dip in price.

The deeper the knowledge the better holder the become, the shallow the knowledge the higher their chances of falling into panic and sell pressure.

What everyone needs in other to be able to be a good Bitcoin holder is discipline and good investment approach and this doesn't have much to do with the deeper knowledge you are describing, Bitcoin is a volatile asset which every newbies should know, the market moves up and down, it requires or it takes discipline not to sell when it comes down maybe below your entering points, it also takes discipline not to sell because your are seeing a little profits. As a beginner, having a good plans, goals and objectives and working towards increasing your Bitcoin portfolio without selling for a long period time in order to create room for compounding.

[suzanne5223]

Start compounding bitcoin actually good advice for trader with long term target but if you are trading with short term target always looking the opportunity for selling at higher price without fully focus for compounding, have the moment start compounding during the market and bitcoin at lower price is great way to earn much profitable

I see it as good advice for anyone, no matter the setting they participate in, since the concept was to invest profit or rewards we get from service/work into Bitcoin so that it can generate something that is worthwhile in the future.

but compounding when bitcoin have been higher price I think not good ideas.

Compounding Bitcoin when the price is high is not a bad thing since the technical aim of the accumulation is for future purposes, not short term holding.

Newbie have to know right moment start compounding not always true keep accumulate bitcoin how much possibility but entering at wrong moment.
Wrong concept for newbie or beginner in cryptocurrency investment, keep consistent compounding bitcoin without looking how highest price of bitcoin its self really bad ideas with possibility become long term holder raise back to the higher price.

Every time is the right moment to buy Bitcoin, especially when the 21 million BTC is yet to be mined, and there's nothing bad about the high price of BTC.

[Odogwu-Blockchain]

There is always the part about these investors like Buffett, and others that the media and society never talk about. There is the part that is very brutal when it comes to compounding that many writers skipped, always telling the sweet part of it and avoid the rough path.

When compounding, there are hard times that can cause the investor to sell off investment for survival, every compounding journey has this phase, nobody has ever asked Buffet how he survived such phase.

The real truth, Buffet wasn't born from poor family, there was an already existing streams of income that keeps him going even when there was no profits from compounding investment, when things were hard, the truth is "He got where to survive the storm"

My message: if you aren't beneficiary of many income streams, compounding won't be possible, compounding is likely to collapse during hard times because selling assets for survival would be the only option left.

[BitBakerr1]

Holding bitcoin can truly make someone's wealth to increase.

Holding of bitcoin is good, but if bitcoin you increases your wealth, it depends on the amount of bitcoin you hold and how long it stays with you...I know quite well that Holding of bitcoin is like a future investment and it's not necessarily mean that it will give you profit..sometimes on the process of Holding bitcoin, the price crashes beyond the price when you bought it...So, little amounts of bitcoin investment can't increase your wealth..because i know that the larger you hold bitcoin the more the profit increase if tue market turns to be favorable or promising..

You are correct the larger bitcoin you accumulate the higher your profit in the future, but if you can accumulate little amount of bitcoin and then pass it to your children you may end up giving them a very good inheritance because what determines the profit of your bitcoin investment is how high bitcoin price has become, if bitcoin price gets to $1 million in the future even those holding small amount of it has end up making huge profit and those with higher holdings made more, bitcoin investment is a future investment and everyone that is investing in it should look or take it that way so they can hold longer because the longer and consistent you are with it the more profit you may end up with.