What Separates Successful Bitcoin Investors from Everyone Else?

[Xackie]

‎I have come to realize that not everyone that invested in Bitcoin will achieve the same results or succeed with it. It's not even about how intelligent or knowledgeable you are, or how much you used to invest in Bitcoin. I think it depends on mindset, discipline, and the ability to stick to a well defined plan despite market volatility. Successful investors are those ones that make up their mind that no matter what, they won't touch their Bitcoin because their full focus is on the long term gains unlike  people who are driven by their own emotions during price fluctuations.
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‎They become excited when prices rise and become sacred during market corrections. One thing I know that sets a good investors from others is through their conviction built through knowledge and understanding what they own, which gives them confidence and calmness when the market isn't favorable. They don't buy Bitcoin simply because it's trending or because someone on social media said it's the future. When u understand what you are putting your money into, you are far less likely  to react in a negative way because of temporary price swings.
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‎A good investor also develops their mindset by knowing that wealth can't be built overnight, that it requires a long process and effort. Instead of chasing market swings they focus on consistent accumulation regardless of the trends in which the market is facing and remain patient and disciplined while holding through different cyclesand keeping a longterm perspective when others lose confidence..
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‎ Lastly, in the financial aspect, a good investor uses money that they can afford to lose after sorting out their important needs, they also prioritize in setting up savings for Emergencies, Reserves, short/long term savings( to build house, buy something, education, vacation etc) etc. A good investor also develops the habit of tracking and budgeting their expenses so that they won't overspend , which can affect their investments in the long run.What quality do you think matters most for longterm success in Bitcoin?

[Exitoral]

You pointed out quite a good point. But there's another thing I would like to point out. In as much as one has set aside funds for emergencies, upkeep, and the rest, also have it in mind that life can happen to anyone. You might lose your job, a very disturbing sickness can affect you, or unexpected issues may arise that will affect your plans, and so on.

So my point here is that the main thing for long-term successful Bitcoin investment is adaptability. And that's where I am driving at. Can someone adapt to any situation that will put him or her off balance in their DCA? That is the main aspect when it comes to the long term.

[Shadiq]

In this case, we can divide success into two parts, one is success in investment and the other is success in achieving goals. For success in investment, only the ability to hold it in the long term is enough, as the investors of 2011-2015 were successful, at that time, even if you could buy only $ 5-$ 10 Bitcoin and hold it until today, you might be considered a successful investor, because today you might be the owner of millions of dollars in assets.

Success in achieving goals is to set a goal of saving a certain amount of Bitcoin and to keep buying Bitcoin regularly to achieve that goal. Since investing $ 5-$ 10 at the present time is not enough, even if we hold it for a long 10-15 years, we may not get significant profits. Therefore, now to be successful in investment, success in achieving goals is also needed. To achieve this goal, we basically need to be consistent, disciplined, patient and wise. Patience is enough to be successful in investing with just a few dollars.

[gracreavix]

In a long run, the only thing that stands is consistency. When you feel like and don't feel like doing it but you still do it. Over time you can quickly distinguish between a successful Bitcoin investor over everyone else. And that today is getting hard to come by except for this forum. Whereby we have a lot of successful once here. Rain come, sun shine, they are consistent with their DCA and nothing else. Consistency is the ultimate 🥏. Let's keep riding it.

[ColdLava40]

‎I have come to realize that not everyone that invested in Bitcoin will achieve the same results or succeed with it. It's not even about how intelligent or knowledgeable you are, or how much you used to invest in Bitcoin. I think it depends on mindset, discipline, and the ability to stick to a well defined plan despite market volatility. Successful investors are those ones that make up their mind that no matter what, they won't touch their Bitcoin because their full focus is on the long term gains unlike  people who are driven by their own emotions during price fluctuations.
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I will like to point out something. When you speak of success through Bitcoin, we should not forget that to be successful in Bitcoin is not by hodlings without selling. You have to take profits at some point.

I do think we over do the idea of holding and thus many new investors get confused about it because they feel like when they take profits they become a bad investor.

 If you have a well defined plan, you have to follow it. It's as simple as telling yourself that once you attain a certain amount of profits from your initial capital, you will not hesitate to sell high and wait to buy low.

[Jubilee58]

For you to become successful in bitcoin investing, you have to understand how bitcoin works, engage in personal research, and learn from those who are also very successful in the field of bitcoin investing.
The successful investors have learned to be very patient with their investment as they focus on long term investing.
The successful investors have also learned to control their emotions, and do not sell their bitcoin in the time of market volatility, and fluctuation, and the bitcoin dip don't even put them in panic instead they buy more during the dip.

We equally have gamblers in the bitcoin market, those who are quick to make money in bitcoin investing. These are investors who lack patience, and sell their bitcoin in panic. Honestly, these type of investors don't understand how bitcoin investing works, and tag bitcoin to be a fake , and unreliable investment.

[Jegileman]

‎Lastly, in the financial aspect, a good investor uses money that they can afford to lose after sorting out their important needs, they also prioritize in setting up savings for Emergencies, Reserves, short/long term savings( to build house, buy something, education, vacation etc) etc. A good investor also develops the habit of tracking and budgeting their expenses so that they won't overspend , which can affect their investments in the long run.What quality do you think matters most for longterm success in Bitcoin?

This point is very important and I think people should always put that into consideration when planning for long term investment. Such investment requires a long term plan and anything that could make the plan to fail or not work out should be avoided by all means. Bitcoin investment is best profited when you do it for the long term.

During the long term investment, surely you’ll be faced with a lot of pressure outside that require financial come through to make them happen, if you don’t have a means to settle them, your investment will be at risk as it’ll become your next point of outreach to take from.

Taking from your already invested portfolio can make your plan not become achievable, so having every other extra funds to cover for all other expenses will be one to help have a successful investment and reach the target one aims for in their investment.

[Orpichukwu]

In a long run, the only thing that stands is consistency. When you feel like and don't feel like doing it but you still do it. Over time you can quickly distinguish between a successful Bitcoin investor over everyone else. And that today is getting hard to come by except for this forum. Whereby we have a lot of successful once here. Rain come, sun shine, they are consistent with their DCA and nothing else. Consistency is the ultimate 🥏. Let's keep riding it.

I don’t align with the idea of just doing it no matter how you feel; an investor's mind and decision can be made based on his financial level, and if he is thinking about expenses and other things before investing, that’s not a wrong thing to do, and in such a situation we can both agree that there are things which are more important than just buying and investing money in Bitcoin. Patience to hold what has already been accumulated should be as solid as anything unless the targeted time is reached; selling due to market conditions should not be an option.

[Joy- maker]

If you want to succeed in your bitcoin investment you have to first of all understand why you are investing in Bitcoin, don't invest because your friends are investing or because of FOMO.

Secondly You need to have a long term mindset, don't see Bitcoin as get rich quick investment because you cannot profit from Bitcoin overnight, therefore have the mindset of holding your bitcoin investment for long term 5 to 10 years or more.

Furthermore, you need to learn how to control your emotions, be patient and disciplined. And you also need to secure your Bitcoin investment from hackers and thieves, and avoid unrealistic promises from online platforms they are all scams.

[DPHOR]

What quality do you think matters most for longterm success in Bitcoin?

If you must be in the game for long then you should stop listening to negative news regarding to what may happened to bitcoin in whatever ways they may say it. Most people what shattered their dreams in regards to investment is listening to people and news out there many of them took because of that and dump their investment with the fear that they gonna lose everything entirely without knowing that bitcoin investment doesn't work that way. To be realistic there are people who can't withstand  negative news in the market in regards to their investment, the would dump so easily and quickly.