Your first Bitcoin goal should be consistency not big profit.

[Saltysugar99]

When starting to invest in Bitcoin, many people think about profit. New investors think about how many days it will double or when to sell to get more profit or when is the right time to invest. A new investor should never have the goal of making big profits. He should think about creating consistency and investing for a long time.

Because if someone tries to chase profits after thinking about investing in Bitcoin for a long time, it means that he becomes like trading mentality even after investing. And if you invest with such thoughts, you will be forced to make wrong decisions during the volatility of Bitcoin's price. However, one thing to understand is that consistency does not mean that you have to buy with the same amount all the time. You should invest regularly from your discretionary income according to your cashflow. There is no problem if the amount is more or less or if the DCA is closed for some reason for a few days. Many people think that they will start investing when they can deposit a large amount. But a lot of time and opportunity is wasted in depositing that large amount. And if the price is very high at that time, many people do not want to invest anymore. But if they could invest in Bitcoin continuously with small amounts, then it would definitely be more logical.

The first thing a new investor should do is to fix his financial structure and then start investing in Bitcoin regularly by understanding his expenses. It is possible to maintain the continuity of investment for a long time by forming a backup fund and investing from discretionary income. And that increases the chances of an investor getting into a profitable position over time.

[TrialBitcoin]

When starting to invest in Bitcoin, many people think about profit. New investors think about how many days it will double or when to sell to get more profit or when is the right time to invest. A new investor should never have the goal of making big profits. He should think about creating consistency and investing for a long time.

Because if someone tries to chase profits after thinking about investing in Bitcoin for a long time, it means that he becomes like trading mentality even after investing. And if you invest with such thoughts, you will be forced to make wrong decisions during the volatility of Bitcoin's price. However, one thing to understand is that consistency does not mean that you have to buy with the same amount all the time. You should invest regularly from your discretionary income according to your cashflow. There is no problem if the amount is more or less or if the DCA is closed for some reason for a few days. Many people think that they will start investing when they can deposit a large amount. But a lot of time and opportunity is wasted in depositing that large amount. And if the price is very high at that time, many people do not want to invest anymore. But if they could invest in Bitcoin continuously with small amounts, then it would definitely be more logical.

The first thing a new investor should do is to fix his financial structure and then start investing in Bitcoin regularly by understanding his expenses. It is possible to maintain the continuity of investment for a long time by forming a backup fund and investing from discretionary income. And that increases the chances of an investor getting into a profitable position over time.

I agree that new investors should focus more on building consistency than chasing quick profits. Many people enter Bitcoin expecting to double their money in a short time, and that mindset often leads to emotional decisions during market volatility. Investing regularly from discretionary income, even in small amounts, is usually a more sustainable approach than waiting to accumulate a large lump sum.

At the same time, having a solid financial foundation is just as important. Managing expenses, maintaining a backup or emergency fund, and only investing money you can afford to leave untouched make it much easier to stay consistent over the long term. Patience, discipline, and proper financial planning are what help investors benefit from Bitcoin's long-term potential.

[Mate2237]

Nice post Op and you really make alot of sense, I completely agree with you on your position profit generation should not and never be part of any new investor who is just coming to the Bitcoin market. Investors should first of all think about long term investment plan which is more safe and better for them, before ever thinking about making profit in the process. The need of profit has caused many people problems because when an investor who supposed to be studying and looking at the market, which is inexperienced starts talking about profit such an investor will likely have problems with his investments.


Profit should be a long term vision which should not come to play from the beginning. Invest Wait patiently knowing that bitcoin investment is one that requires lots of patience and perseverance, which is the reason why investors should not be in a hurry, but start small and maintaining consistency which is the key to success in Bitcoin investment.

[Tongley]

Yes, I completely agree with you, but I would like to add something to your comment. Although there is not only one investment method but many, you have only mentioned the DCA method. I mean, many people do not use only the DCA method but use other investment methods. The first goal of our investment should be to hold it for the long term. Because many people invest through Lumpsum. They invest a lot of money, there is no continuity in their investment, they should be steadfast in their goal of holding it for the long term.

[fredericktaylor]

Great post, It is never possible to make quick profits by investing in Bitcoin because the price of Bitcoin fluctuates very quickly, so it is very important to buy Bitcoin consistently with discretionary money from the beginning with the right knowledge and hold it for the long term with confidence. As a result the risk of losing money is reduced and there is a possibility of making a profit when the time comes. If an investor does not acquire the right knowledge about Bitcoin at the beginning and invests with a short-term plan only with the main purpose of getting rich quickly, the chances of losing money increase manifold because it is not confirm that an investor will make a quick profit by investing in Bitcoin because the volatile price of Bitcoin fluctuates very quickly. Therefore it is better to abandon greed and buy Bitcoin little by little with discipline and wait patiently for the right time with a long-term plan. As a result inflation is avoided in the future as well as there is a possibility of making money.

[Cityhunter34]

You're making things easier for new beginners to focus more on the goal. That is very good advice from you, OP. I think they should focus more on being consistent with their investment from now on, rather than chasing profits, because profits always come from consistentency, not anything else. It has been said several times here that Bitcoin investment is not a get-rich-quick scheme. You should always target for a long-term process and not look for ways to make money overnight, because that's not advisable at all. Making money from Bitcoin doesn't work that way.

[Son Of Blockchain (SOB)]

This is a fact OP, lately people chase big profits instead thinking of what they could achieve on a long term, i know that the excuse many people have is that the economy is bad and they need quick profits to sustain themselves in times like this, the truth is that Bitcoin can be perfectly used as an inflation hedge but on a long term period of holding.
 Not just holding but consistently adding to what you're holding to, chasing big profits is similar to gambling cause people who do that barely tend to hold longer, they risk what they have to hit it big in a short period, not minding that Bitcoin is volatile.

[POPOLUV]

I don't actually disagree the fact that as an investors your first Bitcoin goal should not be consistency of your investments journey, but i want to remind the OP that there is one thing that promote the level of consistency as an investors and which is discretionary income  and without the discretionary income i don't think there will be any goal of any consistency and on the second hands, I'm not even discriminating the fact an investors should not focus more on the level of consistency but I'm trying figure out the fact on how important discretionary income is and how discretionary income serve as an engine room which determine your level of consistency as an investors.

[Nathrixxx]

Be a consistent bitcoin investor and this alone will be the lane to your profitability in its investment, have the ability of holding and as well sell when the market gives the signal to do so, are consistency also makes everything work accordingly for us so that we don't the market as a burden whenever it is not performing as we wanted, but as long as we can hold, each market phase will be profitable.

[Stormisover]

The first Bitcoin goal should be a capital long term mindset for anyone that calls himself an investor as this only will promote consistency, he doesn't have to think about profits let alone big profits when he should be consistently accumulating bitcoin, long term mentality is a goal as bitcoin investment is a long term investment and not short term, chasing or thinking about profits too early will be a complete distraction and can slow down your investment especially when it is not going as you expected it to be, no one knows even when the big profits will be available so instead of worrying about it you focus on your long term goal.

[EarnOnVictor]

The first thing a new investor should do is to fix his financial structure and then start investing in Bitcoin regularly by understanding his expenses. It is possible to maintain the continuity of investment for a long time by forming a backup fund and investing from discretionary income.

You are aiming at what's good, but the truth is, it's not as easy as you think. The moment you are taking excuse to be financially okay before investing in Bitcoin, that's the moment you might not invest in it at all. All you would be seeing are prices moving against you and in favour of those who could act immediately. Money is funny, and some people acted immediately then, they were happy, even though some acted too crazily, but who cares??? Some dropped the money they entrusted in them in Bitcoin, while some took loans for it. Come and see testimonies thereafter. Those are extreme truly, but just brought out worst cases for a determined soup. Why not use Bitcoin as a savings (no matter how little)? But ensure all these happen only at the beginning of a bullish season, or when Bitcoin had fallen for almost 2 years.

[Dr.Bitcoin_Strange]

At some point, I feel that if someone truly learn and understand Bitcoin, they won't procrastinate their investment, they won't struggle to invest, they won't force consistency, because they have the understanding that by investing, they are on a journey to make profit on the long run and not just some kind of invest now & get rewards the next second Ponzi scheme. Big profit is for those that invested long time ago, those that got in when price was lower than the price that you are about to enter in with, so a beginner should be concerned with the desire to accumulate now into the future.

[Sammye3]

This is totally true and a good guide for newbies to follow. There is no easy way to earn in bitcoin without patience and consistency. This should be the basic principle for every bitcoin investment and a long term profit. There is always a problem when newbies start a bitcoin investment with the wrong mentality and the outcome would most times be negative.

In every investment, one should attain balance first before searching for bigger profits and that is comparable with bitcoin too. The first thing in one's bitcoin's journey should be acquiring knowledge first and mastering a certain strategy for short term or long term, stay consistent no matter the outcome and never see it as a get-rich-quick project as result could take longer than expected.

[Mhizlove]

Yes, I completely agree with you, but I would like to add something to your comment. Although there is not only one investment method but many, you have only mentioned the DCA method. I mean, many people do not use only the DCA method but use other investment methods. The first goal of our investment should be to hold it for the long term. Because many people invest through Lumpsum. They invest a lot of money, there is no continuity in their investment, they should be steadfast in their goal of holding it for the long term.

I will say that either is DCA or lumpsum, the most important thing is that the method should go in line with the person's financial problem or the level of risk that can be managed,because not all strategy or methods can work for everyone, because everyone one of them has it's own advantages and risks. But as long as the person is investing with a good investment plan and do not panic because of the short term price movement, the chances of achieving a long term goal will increase. What helps investors achieve a good result over time is consistency, self discipline and patience.