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.

[JoyceBTC]

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.

Wrong advice and lack of personal information is the reason why some investors make quick decisions in their investments if not you can't imagine someone who will involve into what he can't handle not even some thing that involves putting a little of moeny thdt you are not sure of recovering immediately. Upcoming investors should attend financial education and they should be able to know how to make proper investigation before investing in any business, in crypto you don't let what people say fuel your mind to the point of putting your money into what you can not bear tht is why you are advised to go for proper research before investing in any business to avoid losing money.

[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.

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.

The thing is that when ever people invest with their emotions then that invest will always be at risk of ending on short notice, losing interest in the investment is one thing but actually being disciplined enough to be able to consistently buy even when they price jumps up or goes down takes way more than having strong emotions, if s person knows they can not handle bitcoin investment then it's better for them to not invest at all.

[Achalugo BTC]

Wrong advice and lack of personal information is the reason why some investors make quick decisions in their investments if not you can't imagine someone who will involve into what he can't handle not even some thing that involves putting a little of moeny thdt you are not sure of recovering immediately. Upcoming investors should attend financial education and they should be able to know how to make proper investigation before investing in any business, in crypto you don't let what people say fuel your mind to the point of putting your money into what you can not bear tht is why you are advised to go for proper research before investing in any business to avoid losing money.

That's right, most people fail to verify any information they have gotten, they just do things as they were told, even though it might destroy them, they don't care until it has destroyed, that is when they will know the right thing to do, that is why most of them do make unwanted mistakes that will ruined their lives. In Bitcoin investment, no time its late, there is always a time for one to invest, the only thing they need to acquire first its knowledge, that is why they should not stop learning, no need to rush, do things right and profits rightly too.

[GIF-JOBS]

People can start from their current situation and the key is to find out if they have extra money to start with and to start as soon as possible. If we assume that people are probably starting from different places then we can assume that most people are mature with common sense and are not stupid. If they are stupid and lack common sense and the ability to control their emotions then they need to identify those basic things and work on them. However they can start by finding out that they have extra money that they are ready, willing and able to invest in Bitcoin. Whether it is $100, $10 or any other amount that they are willing to start with.
Of course people can have different financial situations and their psychology as well and I think most people do not invest with the intention of losing money. So they should move their initial investment amount to a more conservative side in order to find and learn strategies to minimize the amount of money they lose. This will give them time to learn as they work and make changes as needed. If they act too quickly on impulse or spend beyond their budget, they are more likely to engage in trading or gambling instead of investing.
So it may take time to develop good habits, but we should not assume that people have good habits before they start, although some people may not always realize that it is probably best to be moderate in their approach. Their personal circumstances and perhaps they learned at a very young age that Bitcoin should be invested for a period of 4-10 years or more rather than trading. So they may have some difficulty entering into a long-term plan and the idea of investing in Bitcoin should be for a period of 4-10 years or more. Otherwise it is not investing. It is trading.

[Somto9Light]

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.

Not everyone who’s storing value via bitcoin accumulation is particularly after profits, even though at the end of the they still end up making profits. There’s always a difference between those who are solely investing in Bitcoin because they wanna make some profits at the end of the day, and those who are only buying to shield their assets from inflation and make sure it’s safe in the long term. Those investing for profits are actually hoping and planning to gain financial freedom through long term investment in Bitcoin, while those who are just saving their asset have already attained that financial freedom but only seeking for a better way to store their wealth, so these two persons are not having the same goals and so their accumulation pace and strategy will basically not be the same.

[Cgrexp]

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.

In the case of Bitcoin, we know that its price movement is inevitably volatile. Volatility is inevitable in the case of Bitcoin and we need to be financially and mentally prepared for it. Continuing to buy Bitcoin is probably a good decision because we do not know whether Bitcoin's volatility will increase or decrease in the short term. Based on the strong monetary policy inherent in Bitcoin, its upward trend will continue and there is no guarantee that this will happen. Therefore, we determine the amount of our investment according to how much loss we can afford.

[Grace333]

You see that overlooking security and investing with the wrong funds, those na two big problem wey fit hit any body including those wey don dey the system for some time. Some people no know say the more you dey buy bitcoin dey put for wallet na the more you suppose dey security conscious about your wallet and that means e go get to the point where hot cold wallet no supposed be option again but na must. And for those wey still dey use hot wallet your seed phrase location no supposed be just 1, anything more than 1 with good safe location.

[SPIDERMAN008]

You see that overlooking security and investing with the wrong funds, those na two big problem wey fit hit any body including those wey don dey the system for some time. Some people no know say the more you dey buy bitcoin dey put for wallet na the more you suppose dey security conscious about your wallet and that means e go get to the point where hot cold wallet no supposed be option again but na must. And for those wey still dey use hot wallet your seed phrase location no supposed be just 1, anything more than 1 with good safe location.

It is right that the seed phrase should be stored in different places, but it is also important to keep in mind that the way an investor keeps the seed phrases is also safe. Because sometimes if the seed phrase goes to someone else accidentally or due to his own negligence, then he will get access to wallets. So it is important to keep in mind that the seed phrase should  not lost, and it is also important to keep in mind that it does not reach others in any way. If you have a long-time mindset to hold Bitcoin, then it may be a good decision to use a cold wallet from the beginning. Otherwise, the electrum wallet is more popular, especially considering security. So you can use this wallet to hold as the investor's Bitcoin.

[EstherBtc]

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.

This two points i quoted i totally agree with it. Firstly, no one should invest without proper knowledge of what you want to invest in. People have sold out bitcoin out of panic and ended up selling at a loss. I heard of a couple who invested all their money in crypto currency and lost every dime.

In as much as investment is good thing. The money you invest with is very important especially in this economy, because most investment especially bitcoin takes years and a good sum of money before you will be able to get a any profit from it.

[Godwill888]

must mistake is information listening to wrong people Twitter signal group influencers.
Shilling coins they are already own. 70% boring education how BTC works having self custody 20% news. most newbie fall into trap because of wrong information, before you we know you have lost money.

[Judith87403]

You see that overlooking security and investing with the wrong funds, those na two big problem wey fit hit any body including those wey don dey the system for some time. Some people no know say the more you dey buy bitcoin dey put for wallet na the more you suppose dey security conscious about your wallet and that means e go get to the point where hot cold wallet no supposed be option again but na must. And for those wey still dey use hot wallet your seed phrase location no supposed be just 1, anything more than 1 with good safe location.

Wetin you talk now na just nothing but the true. At first, when the accumulation never really increase, e dey feel like say security never really be big deal because the money wey dey there fit small, and na why them talk say as a newbie, to spend time dey learn or study about wallet security no really dey necessary. But as time dey go and their portfolio don Dey grow bigger and bigger, then the need to look into that aspect go come arise, and e go come be big fuck up if at that point, them still decide say them no go put eye for there make them for protect their investment wella.

[Yeesha]

Seeing it as a quick profits coin

Borrowing ideas of traders

Overlooking security

Investing with emotions

Investing with the wrong funds

These are the general statistics that everyone must know before investing in Bitcoin. Imagine putting so much effort in the investment and you end up losing due to lack of morality or unethical behaviours. Investment cannot grow itself, too much effort has to be put into it, sacrifices must be made, and certain things /condition must be put into consideration for the advancements of your future and your family as well. Sticking to one strategy is not an issue, if it is beneficial, productive and suitable for your investments. But if the strategy that you are using is not suitable for you, the best thing is to exchange the strategy. It is important to track down your investments, and ensure that you are updated about every news and everything that is happening in the world of bitcoin. Do your own research and never fully rely on other people's opinions or ideas. Some investors panic when the market is dropping, and these can actually lead to making wrong decisions.

[Bright0515]

The last point you made is a common mistake that a lot of people make in Bitcoin investment and this slows down their progress. They don't have their capital separate from the what they are supposed to use to sort out their bills that's the reason why they end up selling their coins after a short period of time after investing. Always Make sure that your emergency funds and money for bills are separate from your capital.

[Derekfunds]

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.

The thing is that when ever people invest with their emotions then that invest will always be at risk of ending on short notice, losing interest in the investment is one thing but actually being disciplined enough to be able to consistently buy even when they price jumps up or goes down takes way more than having strong emotions, if s person knows they can not handle bitcoin investment then it's better for them to not invest at all.

I don't even understand why or what will make someone to invest with their emotion, how do you mean by someone investing with their emotion? If someone is been emotional about any Investment that alone is already a red flag and they should stop immediately because if they don't they willl incure loss in a short period of time. When someone invest in Bitcoin and they can't control themselves then any slight movement will make them panic or sell whether at loss or in profit and it is very wrong. It is always advise to use a discrestionary income so the emotion will be very low.