What Separates Successful Bitcoin Investors from Everyone Else?

[Cossyblack]

Your success in bitcoin depends on the amount of stashed you accumulated, the money that you used and the duration that you will hold. Most at times,one of the reason why some investors wouldn't succeed in their accumulation journey is that they do not follow the right rules to accumulate bitcoin. Some of them are gambling thinking that they are accumulating bitcoin in the right way. I believe that the right way you can accumulate bitcoin is when you invest with the money that you can afford to lose and that money is your discretionary income. Your discretionary income is the money that is remaining after you have taken care of your essentials expensive. Your essentials expensive can be your house rent, foodstuffs, medical fees, children fees etc so if you don't cover those expenses and you went ahead to invest in bitcoin you might not succeed in the long term because you might sell your bitcoin to take care of those expenses.

[Princess Leah]

 I've read everyone's opinion so far and most of them are making sense, however a successful Bitcoin investor is some who hold until he/she reach overaccumulation, some investors do things that ruin their investment along the line and most of them end up giving up but some that's discipline and with conviction, who holds tell the target is met should be termed successful.

 Such person values long term investment, security of the wallet, self custody and maintain patience till the target is met not everyone values that or get the point where they can withdraw, some even end up being traders.

[DiMarxist]

‎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.

That is definitely true, the key difference that exists when it comes to bitcoin investment,  lies in understanding because knowing how a thing works is very key and it will determine how far an individual will go or succeed in a thing.  The difference lies in individual difference taking out time to make sure that they know how bitcoin works. Most times people just come into bitcoin with the purpose of making money.

So they don't really care about how things work,  when it comes to bitcoin investment.  This is the reason why you see the difference in the success rate when it comes to bitcoin.  Someone who don't care about what is happening in the market but is more concerned about long term holding will have a different result when it comes to investment in bitcoin. Bitcoin investment is beyond just putting money in the market it involves,  patience and understanding how the market really works.

So  you don't expect to see the same result from two different people,  who has two different approaches and view of how bitcoin is and how it really works.  Bitcoin is more than an avenue of making money from which some people has taken it to.

[CryptopreneurBrainboss]

So  you don't expect to see the same result from two different people,  who has two different approaches and view of how bitcoin is and how it really works.  Bitcoin is more than an avenue of making money from which some people has taken it to.

Patience with their investment is the answer. The ability to hodl is the characteristics that you can use to distinguish between two Bitcoin investors. You can pretend for so little as time will expose you as an imposter can't hodl while the market is falling because the wanna be investors will chickens out

Successful investors, when they begin to see the corrections, they stay calm (don't panic), you don't see successful investors been caught unaware by the market because they are always prepared, when the market is correcting, they're accumulating and when it's increasing they don't follow the crowd as they already have a strategy that their sell prices are already predetermine.

A well to do investors gives priority to their wallets, keeps their seeds phrases well stored as a measure to safeguard their investments.

[Odogwu-Blockchain]

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.

Yeah, the only way of achieving Bitcoin investment goals today is through this kinda of strategy, nothing would really work if you can't sit and think this way, especially to those who have a steady flow of income consistently, these are the people who can win through this strategy, the disciplined ones I am only specifying.

For those who could easily grabs large quantity of Bitcoin, the rich and whales, they don't need the consistent strategy, all they need is just getting big sum and then lock up till their goals is accomplished.

[Ashawowo(OS)]

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.

In the event you encounter a problem that disrupt your finances, it's best you adapt to current situation and not struggle to maintain your consistency like when you had more discretionary income. Flexibility is important while investing, especially on a long-term goal. Bitcoin accumulation should always be configured to your financial ability. If income decreased, it means discretionary income has reduced and your investment amount should be cut down accordingly so that it doesn't become a struggle to meet up.

There might be times money wouldn't be available to buy, you shouldn't buy at those times. You don't neglect your expenses in order to maintain consistency, it might be detrimental on the long-run. There are possibilities you bounce back financially and continue at earlier momentum. Whenever you cannot invest, just continue holding your portfolio.

[Doan9269]

Not everyone who is a bitcoin investor may be a successful one. Still, one thing can make an investor successful in cryptocurrency, and this is when you are conscious of every step you are taking annoying the risks and advantages that may come after taking such moves. If you approach the table with your investment and your wallet is well secured, you are profitable already; what about those that already invested are improfit. At the same time, they fall victim to a hack or scam and lose everything they had invested in Bitcoin; this cannot be termed success until we achieve maximum protection for our investment and are profitable in it.

[Bryan jessy]

A successful Bitcoin investor is a long term investors whom through Bitcoin investment has established other things serving as a source of income to him or generate wealth for him, because a person can not be an investor with nothing to show and one thing a lot of people forget is that the investment is to acquire more profit and after a long term profit somen of it should be taken to to establish our selves like starting a business or organization of your choice while we still continue with our Bitcoin investment, true investors are known for their legacy through what they have established during their period of investing in Bitcoin, and what they have bought or established with some of their Bitcoin.

[Btcdeybodi]

‎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.

A successful Bitcoin is just someone who is able to accumulate a lot of bitcoins and never got moved to sell despite market volatility. Then again, protecting his wallets and making sure that all security measures is being applied is another way of being successful in your bitcoin investment because an investor who owns many bitcoins and was able to hold it for a long term but at last ended up losing it due to carelessness of exposing his seed phrase or secret keys, such an investor cannot be said to be successful.

[DPHOR]

‎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.

A successful Bitcoin is just someone who is able to accumulate a lot of bitcoins and never got moved to sell despite market volatility. Then again, protecting his wallets and making sure that all security measures is being applied is another way of being successful in your bitcoin investment because an investor who owns many bitcoins and was able to hold it for a long term but at last ended up losing it due to carelessness of exposing his seed phrase or secret keys, such an investor cannot be said to be successful.

Do you know that we can also refers to those who were able to make the kind of profits they were expecting from their investment can also be referred as a successful investor because they met to their target of profits they were expecting to have for their journey so far. When you ended up accumulating the amount of bitcoin that is expected without fallen for any victim of wallet hack or crashing devices, when you are able to safeguard yourself you could be that considered to be a successful investor altogether. Investment is all about opportunities and when they also have to make that decision to venture into their investment irrespective of when it is heard or utilized and you ended up making profits that you solely needed could also be considered a successful investor.

[PhilosopherKing]

Not everyone who is a bitcoin investor may be a successful one. Still, one thing can make an investor successful in cryptocurrency, and this is when you are conscious of every step you are taking annoying the risks and advantages that may come after taking such moves. If you approach the table with your investment and your wallet is well secured, you are profitable already; what about those that already invested are improfit. At the same time, they fall victim to a hack or scam and lose everything they had invested in Bitcoin; this cannot be termed success until we achieve maximum protection for our investment and are profitable in it.

Yes and it it those person that cannot hold for long term. Yes some guys are traders who are good at what they do even though i so much detest trading because of the kind of risk that is there. And some of this kind of person initially wanted to be investor and their plan is to ongoingly invest in Bitcoin for a long time. But when there is little fluctuation in the market or when the price rises up and they see little profits, the next thing they will do is to now start selling even when their original plan was to hold for long time.

It is this kind of people that can never be successful, because they find it hard to take their eyes off from timing the market.

What separate bitcoin investor form other person is just 'Patience' just like some person have already put in their comment. When there is patience it is very easy for that person to set a plan that is long time and follow that plan accordingly. But when person don't have patience and is all about the fast gains, the person cannot too go far in their ongoing accumulation, because the person will just keep seeking and selling till they have no stash left.

[Brizi5000]

A lot of things plays a vital role towards achieving success In bitcoin investment. Two different people can set out to invest with just one goal of achieving success but at the end who really is going to achieve the success. It’s just the same way as not everyone who gains admission into the university ends up graduating out of the university. I remember during my first year in school we were about 209 students in my department but as at when we graduated we were not upto 150 students so you begin asking what happened to the other students. Different things can happen along the line to make an investor not to reach his investment goal or become successful in his investment and when it comes to bitcoin investment the key to success is consistency, patience, and Time and most importantly finance. Many failed to achieve success in investing In bitcoin because they failed to invest according to their financial means, and when you fail to invest according to your means then there’s a chance you’ll sell too soon even when it’s not yet time to do so. Another thing is many failed to build an emergency or back up funds while they’re investing in bitcoin and such when they encounter an emergency situation they tend to selling off their bitcoin holdings very early and sometimes at a big loss without achieving their long term objective

[BIT-BENDER]

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.

In investment consistency is not always a good thing, you can be consistent like consistently investing in the wrong assets and investment and your consistency doing that will separate you far from success.
But when you distinguish yourself first by being someone that does their research and consistently do it you will most likely be a success in the long run.

[RockBell]

A successful Bitcoin investor is a long term investors whom through Bitcoin investment has established other things serving as a source of income to him or generate wealth for him, because a person can not be an investor with nothing to show and one thing a lot of people forget is that the investment is to acquire more profit and after a long term profit somen of it should be taken to to establish our selves like starting a business or organization of your choice while we still continue with our Bitcoin investment, true investors are known for their legacy through what they have established during their period of investing in Bitcoin, and what they have bought or established with some of their Bitcoin.

From holding for a long time to the visible numbers, because when the numbers are visible, then you will know that this person is a successful trader, because when it comes to investing in Bitcoin, you have to be ready and understand that for you to make money from bitcoin you have to hold for a long time, and the same time you have to have acquire a good amount of quantity of bitcoin and than can be done through DCA.

For this reason, anyone investing in bitcoin will tell you that it's a long-term investment that you must hold for a long time in order to succeed in this business. This will be better understood even before you start investing.

[Wiwo]

Bitcoin is a journey, and to become successful in it, you must have some level of knowledge of financial discipline, accurate risk management and patience to wait through when the investment value goes through various phases of volatility. The ability to forecast what may happen next makes you are long term butcoinaire whose portfolio is built on knowledge, discipline, and trust.

Above all of that, avoid fomo and build your Bitcoin portfolio based on long-term plans; this separates Bitcoin investors from other cryptocurrency investors, I mean those investing in altcoins.

[Obim34]

In investment consistency is not always a good thing, you can be consistent like consistently investing in the wrong assets and investment and your consistency doing that will separate you far from success.
But when you distinguish yourself first by being someone that does their research and consistently do it you will most likely be a success in the long run.

Absolutely, consistency is important when it is channeled into the right source. A successful investor knows how to invest in the right asset, choose the right investment, correct strategy, and take the best risks.

A successful investor must be capable of managing financial risks, sometimes the reward for success is not really profits, but not losing your capital. All assets must be managed adequately, and strategies implemented correctly, in this way, they gain experience.

[Davidloki]

Successful investors varies from when the person started investing to when the invested got matured. Someone that invested 10 years ago without touching the amount of BTC in the wallet ever since is profitable because he was part of the people that invested when Bitcoin was more cheaper to buy and they got the information more early that before.

A different set of successful investors, involves investors who learnt that consistency accumulation no matter the price will land them a huge profit when the bull run. These are the type that know the true value of BTC.

Lastly are the current investors. Those who joined within last year and this year, doing DCA as the new better method of buying BTC before the price pumped again.

[Cleanshit]

In investment consistency is not always a good thing, you can be consistent like consistently investing in the wrong assets and investment and your consistency doing that will separate you far from success.
But when you distinguish yourself first by being someone that does their research and consistently do it you will most likely be a success in the long run.

The only moment consistency becomes valuable it when it being backed up with good strategy and a proper research, this because you can be consistent with your investment constantly buying, but if you don’t understand what you are buying and how much of risk you are taking. Being consistent alone won’t guarantee you success. Successful investors are those who knows what they are doing they combine knowledge, patience, discipline and also risk management rather than just depending on one.

[uche6215]

Bitcoin investors have more emotional control as they don't get overwhelmed by emotions like fear when the market price drops. They are very patient as they can endure and wait for years to reap their profits, not relying on daily profits as almost everyone else does.

[Egii Nna]

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.

In investment consistency is not always a good thing, you can be consistent like consistently investing in the wrong assets and investment and your consistency doing that will separate you far from success.
But when you distinguish yourself first by being someone that does their research and consistently do it you will most likely be a success in the long run.

In Bitcoin investment consistency is one thing that will determine whether you will become a successful investor, this thread was talking about bitcoin investment not other investments and since we all agree that bitcoin is not a wrong investment or assets, consistency will help you in the long term. Consistency does not always mean that you are continuously doing DCA, even your ability to continue holding your coins in the bear market and not sell in panic is also consistency, that is also a form of consistency you need that will help you achieve your investment success.