Common mistakes in Bitcoin Investment.

[ZeroVinsonN]

Investing with emotions

Investing with the wrong funds

I like to pick on this two as it's mostly what newbies are culpable of in this space when they newly jump in. They let their emotions dictate how and what they are investing in in terms of the funds size and the coin to invest on.  Rather than basing their decision on knowledge they follow trends and hypes which are but for a temporary time before it fails them and leave them with nothing but losses.

Newbie must learn to invest base on knowledge, because knowledge erases fear and emotions.  Also, t must have to be with the right funds because the wrong funds creates anxiety and impatient especially since it's not what they can afford to lose. I think that's just the right way to describe a wrong funds into investment.

Logic should be what drives bitcoin investment and not emotions, once emotions become what anchors a person's investment than they are not likely to be able to keep investing for long, emotions can change very quickly leading to a loss of interest, there is also the situation of the price dipping and fear creeping in because there was no solid foundation for their investment, not keeping their emotions in check can lead to selling too early because of an increase in the price of bitcoin for them to collect their profits quickly or to sell due to a decrease in price because the want to cut their losses.

[Youngrebel]

If you are not investing to make profit, then what exactly are you investing for? Investing or coming into bitcoin with the mindset of making profit isn't wrong, but wanting to make the profit quickly is what is wrong. In the long run, everyone who invests in bitcoin or any other investment is doing so because they either wanna make profit or build long term wealth ( which is still technically making profit) But understanding the concept and nature of Bitcoin would help the investor understand how to treat and approach the investment so you can actually make profit in the long term without facing any serious troubles.

Exactly profit is the goal of every investment whether it is bitcoin, real estate, or a business profit is just what everyone is looking for at the end of the day and it is so obvious that bitcoin reward patience more than mago mago or sharp sharp investing thats why many those who enter the market and focus mainly on quick profits they end up making emotional decisions when the market is bad and those who take their time to understand Bitcoic very well they gain form it. So i think agree that making profit is not really the problem but having a better understanding about bitcoin.

[AYOBA]

Most mistake way most bitcoin investors Dey make na  lack of discipline, proper understanding of how the market they work and lack of patience. Many investors Dey buy bitcoin becos the price Dey rise, and becos everybody Dey make profit. Them Dey expect quick return but wen d market price decline, dem go panic and sell at a loss. Bitcoin get good reward for investors who maintain longterm perspective and Dey accumulate consistently.  Another problem na emotions, greed and fear Dey most times lead investors to make poor decisions. Some people go panic and sell because of negative news. 

That’s just the facts about some investors, most of the investors don’t wait to get proper knowledge and understanding about the markets they will jump into the investment thinking that it easy to get profits. We all know that Bitcoin investments is a simple investment where you can come and get profits in future without much stress, but we can not said that because is simple we will not seek for knowledge and experience about how it operates; that’s lack of seeking for those important things lead a lots of investors failed while come to investment.

instead of investors to react emotionally, they should rather understand bitcoin volatility and focus more on longterm perspective. When you invest with the wrong funds aside your discretionary income na big mistake. Any money way suppose be for rent, bills, emergency needs, and food should not be use to buy bitcoin. Becos bitcoin Dey volatile in nature e need time, patience and only invest with your discretionary income. Any money you no fit leave for some time  fit lead to financial stress or poor investment decision.

One thing that most of the investors don’t understand is that they think if they use their emergency funds invest they can get a quick returns from it, there unaware that anyone who really want to get huge profits in future most be patience when it comes to bitcoin investments; that’s why borrowing or loan to invest it’s not advisable for everyone.

[PremiumcryptoHub]

Investing with emotions

Investing with the wrong funds

I like to pick on this two as it's mostly what newbies are culpable of in this space when they newly jump in. They let their emotions dictate how and what they are investing in in terms of the funds size and the coin to invest on.  Rather than basing their decision on knowledge they follow trends and hypes which are but for a temporary time before it fails them and leave them with nothing but losses.

Newbie must learn to invest base on knowledge, because knowledge erases fear and emotions.  Also, t must have to be with the right funds because the wrong funds creates anxiety and impatient especially since it's not what they can afford to lose. I think that's just the right way to describe a wrong funds into investment.

Logic should be what drives bitcoin investment and not emotions, once emotions become what anchors a person's investment than they are not likely to be able to keep investing for long, emotions can change very quickly leading to a loss of interest, there is also the situation of the price dipping and fear creeping in because there was no solid foundation for their investment, not keeping their emotions in check can lead to selling too early because of an increase in the price of bitcoin for them to collect their profits quickly or to sell due to a decrease in price because the want to cut their losses.

You are right that Bitcoin investment should be driven by logic, not emotion. For some investors, it is a reality that they invest emotionally and invest in the wrong funds, and emotions change quickly, which reduces their interest in Bitcoin investment, and it is also true that fear enters their minds because there is no solid basis for investment. At this point, it can be said that investors in our country should do light research on investments and be aware of their own patience and emotional limits, so I think any method will be effective for those who have continuity and long-term plans in their investments.

[Agbamoni]

If you are not investing to make profit, then what exactly are you investing for? Investing or coming into bitcoin with the mindset of making profit isn't wrong, but wanting to make the profit quickly is what is wrong. In the long run, everyone who invests in bitcoin or any other investment is doing so because they either wanna make profit or build long term wealth ( which is still technically making profit) But understanding the concept and nature of Bitcoin would help the investor understand how to treat and approach the investment so you can actually make profit in the long term without facing any serious troubles.

The purpose of every investment is to make profit at the end of the period. If it is not for profit then I do not know why they are investing. For someone who is investing to store value for the future, maybe for retirement or for their heirs the reason for that same investment is to make profit. Obviously they won’t want the value to be the same as it was when they invested.

[Webutxo]

You are right that Bitcoin investment should be driven by logic, not emotion. For some investors, it is a reality that they invest emotionally and invest in the wrong funds, and emotions change quickly, which reduces their interest in Bitcoin investment, and it is also true that fear enters their minds because there is no solid basis for investment. At this point, it can be said that investors in our country should do light research on investments and be aware of their own patience and emotional limits, so I think any method will be effective for those who have continuity and long-term plans in their investments.

If only people will do this and stop acting funny because of they loss money on Bitcoin. There are some people that I know that have been into Bitcoin in 2020, they experienced some collapse of their investment but along the line things got bad and they have run away and till date, if you tell them to buy Bitcoin, they will tell you they are not going to buy because of their experience. If they have stay around till now, they would have made more of what they lost back then.

People don't have mind to make investment yet they make big decisions that their mind will not be able to handle. Why make an investment that you can't handle because as an investor, you ought to know that you are going to make risk to make money, without it you are not going to make money from crypto but don't forget to use risk management.