Your first Bitcoin goal should be consistency not big profit.

[Achalugo BTC]

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.

Absolutely right, they think investing or holding bitcoin its for the profit alone, they don't think there are essential things that they need to do to help them sustain them in their journey which its consistent and patience, as it will help them to navigate through pressure due to volatility of the market, as it also removes some of the emotion and panic that will make them to fall apart from their initial purpose. Of a true, the journey is not easy at all but accepting the process and working towards making it a success its all that is important.

[laijsica]

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.

Absolutely right, they think investing or holding bitcoin its for the profit alone, they don't think there are essential things that they need to do to help them sustain them in their journey which its consistent and patience, as it will help them to navigate through pressure due to volatility of the market, as it also removes some of the emotion and panic that will make them to fall apart from their initial purpose. Of a true, the journey is not easy at all but accepting the process and working towards making it a success its all that is important.

Literally the main objective is profit. You want to succeed in every task you do on a daily basis but if it is not done properly you will not get the desired results from it. If your objective from Bitcoin is to make profit and that too for a short period of time, it will not be successful in most cases because your objective is greedy and there is no touch of discipline. To get the desired advantage from Bitcoin you have to stick to the long term DCA method and target a certain point.

If you do not have the available amount of funds, you will not get much success from being patient. If you have a volatile attitude while investing in Bitcoin and the need for invested funds arises, you will fail to invest in the long term. You will not have the fear of losing money if you can deposit Bitcoin regularly through discretionary income. Have a long term Bitcoin accumulation strategy and stick to your specific targets with discipline in every price trend.

[Son Of Blockchain (SOB)]

Snip...

Absolutely right, they think investing or holding bitcoin its for the profit alone, they don't think there are essential things that they need to do to help them sustain them in their journey which its consistent and patience, as it will help them to navigate through pressure due to volatility of the market, as it also removes some of the emotion and panic that will make them to fall apart from their initial purpose. Of a true, the journey is not easy at all but accepting the process and working towards making it a success its all that is important.

Literally the main objective is profit. You want to succeed in every task you do on a daily basis but if it is not done properly you will not get the desired results from it. If your objective from Bitcoin is to make profit and that too for a short period of time, it will not be successful in most cases because your objective is greedy and there is no touch of discipline. To get the desired advantage from Bitcoin you have to stick to the long term DCA method and target a certain point.

Pay attention to the Subject of this thread "Your first Bitcoin goal should be consistency not big profit" nobody kicked against future ROI, I used the word "future" cause Bitcoin is a long-term investment option not something you take profits within 6 months or even 3 months, you have to hold it for 4 years atleast before thinking of profits.
 That's what the OP is talking about, which is very correct. Your major aim for a long term investment shouldn't be profits but being consistent with accumulating to meet your goal in future which is getting better returh (profits). It's just like a farmer having a seed and thinking of germination with allowing the seed going through planting process for germination, growth, then harvesting to take place. Consistency is part of the process of Bitcoin investment before profits, hope you understand?

[Yorubek]

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.

Absolutely right, they think investing or holding bitcoin its for the profit alone, they don't think there are essential things that they need to do to help them sustain them in their journey which its consistent and patience, as it will help them to navigate through pressure due to volatility of the market, as it also removes some of the emotion and panic that will make them to fall apart from their initial purpose. Of a true, the journey is not easy at all but accepting the process and working towards making it a success its all that is important.

Literally the main objective is profit. You want to succeed in every task you do on a daily basis but if it is not done properly you will not get the desired results from it. If your objective from Bitcoin is to make profit and that too for a short period of time, it will not be successful in most cases because your objective is greedy and there is no touch of discipline. To get the desired advantage from Bitcoin you have to stick to the long term DCA method and target a certain point.

If you do not have the available amount of funds, you will not get much success from being patient. If you have a volatile attitude while investing in Bitcoin and the need for invested funds arises, you will fail to invest in the long term. You will not have the fear of losing money if you can deposit Bitcoin regularly through discretionary income. Have a long term Bitcoin accumulation strategy and stick to your specific targets with discipline in every price trend.

Of course, to get profit through investment must invest with discipline and have a long-term plan and hold on to it patiently for the long term, not get disappointed quickly must utilize every opportunity with confidence. As a result, enjoy all the benefits that come from Bitcoin in the future. One mistake most investors make is investing in Bitcoin with a short-term plan, which results in more chances of losing money than gaining money because Bitcoin is very volatile, so it is never possible to make money quickly through investment. We can buy Bitcoin consistently by adopting the DCA method and easily hold it in the long term because it will not put additional financial stress on the investor. With the help of prudent money buy Bitcoin little by little with discipline and hold it for a long time.

[letteredhub]

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.

It's not a crime to think profit when going into investment as it's good know you would be in profit from what you're investing into someday. In the other hand I can get a hold of what you're saying and it's good if newbie investors could think this way as part of their investment plans is projected on the profit making timeframe rather than ways on how to stay consistent throughout the whole process without getting butchered by unforeseen circumstances that they weren't prepared for. One of such way to be able remain consistent in a long term plan investment is to sort for multiple sources of income creating an income flow that protect your finances from shrinking due to emergency .

[WhoYouCantKill]

Anyone who calls himself an investor but still prioritizes profits over consistency, then that’s the biggest sign that they are not really investors but traders. True investors, especially the newbie investors would understand that Bitcoin investment is a long term investment and anyone who is investing in Bitcoin should focus more on building a long term mindset and not just chasing profits. I believe this is basically what draws the line between an investor and a trader.

[Jaycoinz]

Anyone who calls himself an investor but still prioritizes profits over consistency, then that’s the biggest sign that they are not really investors but traders. True investors, especially the newbie investors would understand that Bitcoin investment is a long term investment and anyone who is investing in Bitcoin should focus more on building a long term mindset and not just chasing profits. I believe this is basically what draws the line between an investor and a trader.

Investor sef from the name, it's understandable well well say na something wey person dey put their hand dey gather keep for the future and no be something wey go bring return fast fast, the name sef dey show say na something wey people dey do consistently overtime and number one example na Bitcoin investment and then real estate investment, these two concepts is gradually built not you just wake up in the morning and then everything works out, it's not worked like that everything is a process and a slow and consistent one at that.

[Jegileman]

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.

You can’t take away the mindset of the anticipated profit of an investor out of their mind from the moment they’ve shown interest to invest into bitcoin. Investors first calculate their anticipated profits before they even embark on the investment, if the profit is not worth it in the long term, then they won’t even kickstart the investment from initials.

It is very important to have a culture of a consistent investment in any investment you’re embarking on especially those like Bitcoin that you’ll have to keep investing to reach your targeted capital for investment, this gives you discipline and a proper practice more to account for your investment in the long run. Both are important to have in mind, it is just left for the investor to stick to what will benefit his overall investment in the long run.

[Cgrexp]

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.

You can’t take away the mindset of the anticipated profit of an investor out of their mind from the moment they’ve shown interest to invest into bitcoin. Investors first calculate their anticipated profits before they even embark on the investment, if the profit is not worth it in the long term, then they won’t even kickstart the investment from initials.

It is very important to have a culture of a consistent investment in any investment you’re embarking on especially those like Bitcoin that you’ll have to keep investing to reach your targeted capital for investment, this gives you discipline and a proper practice more to account for your investment in the long run. Both are important to have in mind, it is just left for the investor to stick to what will benefit his overall investment in the long run.

If we talk about profit or think about profit, we can get lost. A large portion of Bitcoin investors these days are in their first Bitcoin investment cycle or entering their second cycle. If they are truly investors, they will take the time to build up their Bitcoin holdings. How much Bitcoin they have deposited and perhaps how much the value of Bitcoin has increased so that they can get a sufficient overall assessment to start withdrawing money from it. There can be a difference between how much Bitcoin they have invested in and what the current value of Bitcoin is, which can also be a way to consider profit. But for an investor, this calculation of profit does not seem to be that important. What is important is how much his total Bitcoin holdings are worth and whether he can start withdrawing money from it.

[Tinubu]

Consistency is not a goal, it is an attribute that comes without noticing when an investor is committed to his goal. The goal is to achieve a particular amount of Bitcoin in our wallet, what keeps an investor consistent is because of that goal. When the eyes is focused on the goal, nothing will be a distraction until it is achieved. Goals are achievement and consistent does not seem to be an achievement.

[HajiBagi]

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.

I agree with you, profit should be a long term vision for every investors most especially the beginners because most of them start their bitcoin journey with the mindset of how they will make a profit, some will start hoping that when they invest it should not take them too long before the market rise so that they will have a good profit without not holding for a long term, those people with that mindset can not hold for a long term and they should not call themselves an investor because they are not investors, they are traders because only those who are traders are eager to get a profit in time.

A long term plan should be the first thing every beginner should put in their mind before buying bitcoin because when you have a bitcoin and you don’t have a long term investment plan in your mind you will end up selling your bitcoin when you are not ready to sell and you might sell and later regret not holding for a long term.

[Orpichukwu]

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.

Being consistent with Bitcoin investment should be for the person who has assured cash inflow which could be used to determine how consistent they can be while investing, and consistency is not the only thing; they also need to plan properly so as not to invest even when they need to save for other expenses. Investing without other financial plans can cause the investor to sell before his expected time.

[WhoYouCantKill]

Investor sef from the name, it's understandable well well say na something wey person dey put their hand dey gather keep for the future and no be something wey go bring return fast fast, the name sef dey show say na something wey people dey do consistently overtime and number one example na Bitcoin investment and then real estate investment, these two concepts is gradually built not you just wake up in the morning and then everything works out, it's not worked like that everything is a process and a slow and consistent one at that.

Well unfortunately, no be everybody wey really understand all these ones wey you talk like this, and the truth be say you no go really blame some of them because n wetin them tell them na e them carry enter the market. Some people due to some kind things them Dey see online, them Dey feel say those people wey don make am for investment na just overnight them take blow, but them no really care to know say na something wey them need to apply patience and consistency before person go fit make am there. This na the reason why plenty people wey at first Dey enthusiastic about investment Dey end up dropping before them even reach anywhere, some Dey give up because of losses and unpreparedness. Na why e good to try prepare yourself wella.