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Author Topic: Common mistakes in Bitcoin Investment.  (Read 16 times)
Sunshine1525 (OP)
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Today at 12:08:29 AM
 #1

Seeing it as a quick profits coin
This is relates with investors that are used to Fomo buying with the intentions of taking profits as it goes higher but Bitcoin as a volatile coin would likely mess with their expectations and make them to panic sell then loss. A good example is those who bought at late 2025 when it got to the current all time high thinking it would go higher in early quarters on the following year so they'll take profits but Bitcoin dropped in 2026 instead of exceeding the all time high as they expected. Bitcoin would always favour those with a long term and consistent buying mentality than those who invest for quick profits.

Borrowing ideas of traders
Some investors behave like traders, they buy Bitcoin during the dip with hope of taking profits when it pumps in a timeframe below a full Bitcoin circle or more than that. Such people end up being dealt by volatility for instance the recent dip that only attained short term pump and still at $60k price mark, long term holding might be boring but more promising for good ROI in future.

Overlooking security
Some investors do not take the security of their investment seriously, it's a good thing to be serious with accumulating Bitcoin but more serious with securing it. Some people make mistake to the extent of saving their coins in exchanges instead of embracing self custody, believing that using 2FA or improving the security of your account would make your coin secured is bullishit, cause it's still not 100% safe from hackers and if the exchange have some complications your money is gone, nothing beats self custody cause "Not your keys not your coins".

Investing with emotions
Bitcoin investment doesn't tolerate emotions the coin is built on code and have a pattern it operates with, instead of some investors to understand the pattern and how they can take advantage of the bull and bear season, they focus on getting informations from the media amd listen to news that would make them panic sell out of emotions, if people keep paying attention like to news like the closure of the Straight of Hormuz or news of a whale selling they could be pushed to make errors, mostly panic selling.

Investing with the wrong funds
There are essential things humans can't live without for, food, clothing and shelter including some secondary things like paying utility bills and so as an income earner those are the things to be sorted out before using the remaining (discretionary funds) for investment. Some people use funds outside the discretionary out of ignorance for investment but there are some people who knowingly risk doing it, not minding that Bitcoin requires long term holding and it's volatile. Another mistake we forget is that as humans we'll likely encounter different emergemcy situations and use a money gotten from the discretionary fund (emergency funds) for investment. It's wrong and would lead to complications on the long run.

Note: I don't know if a similar post have been created before but I'll lock the thread if it has. However, these are the ones I've taken note of so far, i know that there are more so feel free to give your opinion concerning the ones i mentioned or discuss about the ones you know that weren't mentioned.
Sammysmart001
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Today at 12:36:51 AM
 #2

Solid draft OP
Heading to point 3 Overlookingsecurity  this annoys me, 2FA it not a self custody in any way.

The Investing with emotion part this one na killer, allot of News on our social spaces do causes more lose than to bear market.

Adding one more for you. No backup plan. Allot of us do accumulate but forget to test wallet recovery. Dear uses ur phone can get spiol and u are going to lose everything. My advice to all always test out seee phrase with small amounts first.

So Op Which of this your five point do often see here in the forum ? And what do you think is the hardest mistakes Oke should avoid when BTC is violating

Learning Bitcoin | A P2P trader | Bybit & Opay
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