What Separates Successful Bitcoin Investors from Everyone Else?

[Pearl_20]

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 the context of the OP he is referring to bitcoin investment so consistency is one of the things that stands an investor out among other investors because some people can just invest one time and never continue again with the believe that the amount they hold is sufficient for them in the long term but a consistent investor can accumulate a bigger amount and still meet opportunities to maximize their profits when the market is falling.

If you're a consistent investor you are unlikely to face a lot of challenges because you will always be updated about how your bitcoin investment is going and the best practices you can employ in other to achieve bigger results. Consistency is one of the key way to grow your investment with ease and not feel pressured since you will mostly be investing at intervals.

[Yablee0]

You need not to dance round before you can be a successful Bitcoin investors or standout from the others. All you need is just the basics knowledge to invest and the capacity to hold strong is enough to make you successful in your investment journey. However, many we claim to know it ( knowing about the discretionary funds, DCAing method and so on)  all but once you are unable to put them into practice then I doubt your chances of becoming successful since many are called in the raise ( there are still some trader's in disguise of an investor) while few are chosen.

[Son Of Blockchain (SOB)]

You need not to dance round before you can be a successful Bitcoin investors or standout from the others. All you need is just the basics knowledge to invest and the capacity to hold strong is enough to make you successful in your investment journey. However, many we claim to know it ( knowing about the discretionary funds, DCAing method and so on)  all but once you are unable to put them into practice then I doubt your chances of becoming successful since many are called in the raise ( there are still some trader's in disguise of an investor) while few are chosen.

Those things you mentioned are what makes a successful investor stands out from the ones who fail to be successful. Many people started well but failed because some decided to use wrong strategies, gave up along the line cause they were impatient and got carried away by volatility, therefore any investor who doesn't apply good strategies, characters, that would make the investment successful would definitely fail in the long run.
 Although you're very correct that having knowledge is not enough if it's not put into practice, knowledge of something is good but "practice makes perfect" so when an investor starts buying and holding it would be understood better.

[PremiumcryptoHub]

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.

Patience is enough to succeed in investing with just a few dollars, but even if the amount of Bitcoin investment is a few dollars, it must be continued consistently.  As you mentioned, holding them for a long time is enough for investment success because between 2011 and 2015, the price of Bitcoin was very low, according to my knowledge, the price of Bitcoin at that time was probably $0.30 or about $300. So if an investor bought $5 to $10 worth of Bitcoin at that time and held it patiently until today, he would definitely have been successful because he would have millions of dollars in his portfolio.

However at present, the price of Bitcoin is at a very high level, so now if you buy $5 to $10 worth of Bitcoin, you may only get a few thousand satoshis, which proves that even though Bitcoin has a high price, you can still achieve success by investing in this currency if you invest consistently, disciplined, patiently, and with a long-term mindset. Basically, when an investor buys Bitcoin in fractional amounts regularly and holds it for a few cycles, he can also be considered a successful investor.

[Webutxo]

You need not to dance round before you can be a successful Bitcoin investors or standout from the others. All you need is just the basics knowledge to invest and the capacity to hold strong is enough to make you successful in your investment journey. However, many we claim to know it ( knowing about the discretionary funds, DCAing method and so on)  all but once you are unable to put them into practice then I doubt your chances of becoming successful since many are called in the raise ( there are still some trader's in disguise of an investor) while few are chosen.

Like the way Bitcoin push up recently, it was down for many weeks and many were even expecting the price to dump but last week here the market pump and we experience a market push for Bitcoin. The people that bought at 55k are now in profit and it's possible for the price to move higher than where it's now. This is why Bitcoin is an investment that need patience, it's an investment you don't need to rush so you don't have to make some decisions you will regret later.

The only thing that differentiate you from other people is your belief in Bitcoin, the rest of the people might not believe in Bitcoin but if you believe in Bitcoin, don't let other people stop you from believing in Bitcoin, it's something you should have alone. I can tell you that there are some people that bought Bitcoin and were discourage and they sold their Bitcoin which they could have been in good profits.

[Dareo]

You need not to dance round before you can be a successful Bitcoin investors or standout from the others. All you need is just the basics knowledge to invest and the capacity to hold strong is enough to make you successful in your investment journey. However, many we claim to know it ( knowing about the discretionary funds, DCAing method and so on)  all but once you are unable to put them into practice then I doubt your chances of becoming successful since many are called in the raise ( there are still some trader's in disguise of an investor) while few are chosen.

But it is more difficult to be a successful investor than to know a lot about it. Everyone knows about DCA or long term holding, but the real test begins when the market goes down for a few months. The advantage of regular investing is that it reduces the chance of changing decisions repeatedly due to emotions.  Another thing is that just holding does not guarantee success. It is necessary to be clear about what you are buying, how much risk you are taking and why you are buying. Knowledge is useful only when you can maintain your discipline even in times of stress.

[ejikeme24]

You need not to dance round before you can be a successful Bitcoin investors or standout from the others. All you need is just the basics knowledge to invest and the capacity to hold strong is enough to make you successful in your investment journey. However, many we claim to know it ( knowing about the discretionary funds, DCAing method and so on)  all but once you are unable to put them into practice then I doubt your chances of becoming successful since many are called in the raise ( there are still some trader's in disguise of an investor) while few are chosen.

Those things you mentioned are what makes a successful investor stands out from the ones who fail to be successful. Many people started well but failed because some decided to use wrong strategies, gave up along the line cause they were impatient and got carried away by volatility, therefore any investor who doesn't apply good strategies, characters, that would make the investment successful would definitely fail in the long run.
 Although you're very correct that having knowledge is not enough if it's not put into practice, knowledge of something is good but "practice makes perfect" so when an investor starts buying and holding it would be understood better.

What are the wrong strategies you think they were using that made them not to be successful in their bitcoin investment? If I can remember correctly there are 3 investment strategies; the DCA strategy, lump sum, buy the dip strategy. this is are the strategies that is meant for accumulating bitcoin. So guys have the right to make their choice or find the one that will be suitable for their bitcoin accumulation, but there's no strategy that Is good as the DCA strategy because with the DCA strategy you don't necessarily need to wait for anything but to keep buying regularly. Not that the rest is not good of course they are all good rather is just a matter of choice.

[MorganaX]

You need not to dance round before you can be a successful Bitcoin investors or standout from the others. All you need is just the basics knowledge to invest and the capacity to hold strong is enough to make you successful in your investment journey. However, many we claim to know it ( knowing about the discretionary funds, DCAing method and so on)  all but once you are unable to put them into practice then I doubt your chances of becoming successful since many are called in the raise ( there are still some trader's in disguise of an investor) while few are chosen.

But it is more difficult to be a successful investor than to know a lot about it. Everyone knows about DCA or long term holding, but the real test begins when the market goes down for a few months. The advantage of regular investing is that it reduces the chance of changing decisions repeatedly due to emotions.  Another thing is that just holding does not guarantee success. It is necessary to be clear about what you are buying, how much risk you are taking and why you are buying. Knowledge is useful only when you can maintain your discipline even in times of stress.

The thing be say, when you don dey certain say you wan achieve that long term success, trust me nothing go fit stop you especially if you be the kind of person wey dey very discipline.

Bitcoin investments for long term no dey easy no doubt about that one because so many seasons go come and go, and there are so many things wey fit even make the investor scatter watin him don start and na why e dey important to take other strategic moves like extra mode of saving use follow up the normal DCA method so that everything go move smoothly.

[Makus]

Building quick wealth is something that cannot be achieved when it comes to bitcoin investment you pointed out, traders that have this mindset can tear down whatever it is that you have been trying to build for yourself. what separate successful bitcoin investors from eveyone else is the knowledge that they have, patience and disicpline. Not everyone can invest bitcoin even though it is meant for everyone but not everyone is disicplined enough to get the benefits from it.

[GiftedMAN]

You need not to dance round before you can be a successful Bitcoin investors or standout from the others. All you need is just the basics knowledge to invest and the capacity to hold strong is enough to make you successful in your investment journey. However, many we claim to know it ( knowing about the discretionary funds, DCAing method and so on)  all but once you are unable to put them into practice then I doubt your chances of becoming successful since many are called in the raise ( there are still some trader's in disguise of an investor) while few are chosen.

You need knowledge which you have mentioned and you have to be determined to hold for long term if profit is your aim of investing in Bitcoin but I expect you to talk about having a good source of income which I think is the key to every investment. A lot of us talk about knowledge and having the mindset to hold but we forget that a man with zero source of income can not succeed in Bitcoin investment because you do not need $2 to invest in Bitcoin.

Once you have a job or business that gives you steady income, the next thing is to take a little moment to understand what you want to invest in and to choose the right strategy so that you won't encounter any loss. You can have all the knowledge and learn all the strategies but if you don't have what is bringing you money you can't successfully invest and have peace of mind.

[Asiska02]

You need not to dance round before you can be a successful Bitcoin investors or standout from the others. All you need is just the basics knowledge to invest and the capacity to hold strong is enough to make you successful in your investment journey. However, many we claim to know it ( knowing about the discretionary funds, DCAing method and so on)  all but once you are unable to put them into practice then I doubt your chances of becoming successful since many are called in the raise ( there are still some trader's in disguise of an investor) while few are chosen.

Investing in bitcoin has been one of the greatest challenges that some people are still yet to overcome. They believe that the market is manipulated and will not make a successful investment and that’s why they’re avoiding it. The volatile nature of the market has been seen by them as a means to lose money, not knowing that it is an opportunity to buy more at lower price or get to sell at bigger price when target is reached. Bitcoin investment is not really that complicating, but since people don’t listen to guide, attention and details, they all tend to make mistakes that will cost them in the long run of their investment. Holding strong and not listening to market forces, FOMO and FUD will really help to have a successful investment journey in Bitcoin.

[Churchillvv]

Absolutely nothing separates you as a bitcoin investor from others, same things required to succeed in other investments is required to make other investments but however if one is only successful with bitcoin investment he or she is probably even less successful investor compared to others.

However, the real truth about investment is see the holes or the gaps that makes you buy low and sell high, that’s how all investments works people see the ability for an asset to grow and venture into it buy making purchase and leaving it for the longest hence they succeed over the years.

[Cgrexp]

You need not to dance round before you can be a successful Bitcoin investors or standout from the others. All you need is just the basics knowledge to invest and the capacity to hold strong is enough to make you successful in your investment journey. However, many we claim to know it ( knowing about the discretionary funds, DCAing method and so on)  all but once you are unable to put them into practice then I doubt your chances of becoming successful since many are called in the raise ( there are still some trader's in disguise of an investor) while few are chosen.

You need knowledge which you have mentioned and you have to be determined to hold for long term if profit is your aim of investing in Bitcoin but I expect you to talk about having a good source of income which I think is the key to every investment. A lot of us talk about knowledge and having the mindset to hold but we forget that a man with zero source of income can not succeed in Bitcoin investment because you do not need $2 to invest in Bitcoin.

Once you have a job or business that gives you steady income, the next thing is to take a little moment to understand what you want to invest in and to choose the right strategy so that you won't encounter any loss. You can have all the knowledge and learn all the strategies but if you don't have what is bringing you money you can't successfully invest and have peace of mind.

It is important to have a solid foundation of income and cash flow before investing. Someone may have savings, assets, or previous income.  so they can invest even if they do not have an ongoing job or business. The investment money should not be essential for their daily needs or emergency expenses. No strategy can completely avoid losses, especially in volatile assets like Bitcoin. Therefore, it is more realistic to control risk and invest according to long-term goals rather than saying that there will be no losses if you choose the right strategy. First, you need to create a source of income that helps you meet your living expenses and leaves some money left for investment. You should understand your risk tolerance and choose the appropriate strategy. Because if there is not enough cash flow, you may be forced to sell Bitcoin during a temporary decline in the market, which can harm long-term plans. Therefore, income, financial discipline, risk management, and patience along with knowledge or the mindset of HODL create the foundation of long-term investment.

[iBaba]

You need not to dance round before you can be a successful Bitcoin investors or standout from the others. All you need is just the basics knowledge to invest and the capacity to hold strong is enough to make you successful in your investment journey. However, many we claim to know it ( knowing about the discretionary funds, DCAing method and so on)  all but once you are unable to put them into practice then I doubt your chances of becoming successful since many are called in the raise ( there are still some trader's in disguise of an investor) while few are chosen.

You do not need to know everything before you can start, bitcoin investment does not have to that complicated. Understanding the basics, investing what you can afford and being patient can already help a lot. Even after some people know that DCA means buying bitcoin gradually instead of waiting for the perfect time to buy, when some people starts seeing that the price is falling fear might make them stop buying or even sell everything, but when the price suddenly rises, the same people might become greedy and buy more than they can afford because they do not want to miss out.

Honestly, that is why I always think discipline is very important and you need to stick to your plan when the market becomes emotional. Knowledge will always tell you what to do, but discipline is what will actually help you to do it.

[Yablee0]

You need not to dance round before you can be a successful Bitcoin investors or standout from the others. All you need is just the basics knowledge to invest and the capacity to hold strong is enough to make you successful in your investment journey. However, many we claim to know it ( knowing about the discretionary funds, DCAing method and so on)  all but once you are unable to put them into practice then I doubt your chances of becoming successful since many are called in the raise ( there are still some trader's in disguise of an investor) while few are chosen.

You do not need to know everything before you can start, bitcoin investment does not have to that complicated. Understanding the basics, investing what you can afford and being patient can already help a lot. Even after some people know that DCA means buying bitcoin gradually instead of waiting for the perfect time to buy, when some people starts seeing that the price is falling fear might make them stop buying or even sell everything, but when the price suddenly rises, the same people might become greedy and buy more than they can afford because they do not want to miss out.

Honestly, that is why I always think discipline is very important and you need to stick to your plan when the market becomes emotional. Knowledge will always tell you what to do, but discipline is what will actually help you to do it.

When you understand where you are heading to you become unmovable towards any storm that would have probably waved you out of your investment way, however tough times is always certain while trying to build up a life time fortune that can last but what matters most is consistent and how this can be achieved is through discipline. I know majority tend to fall off their investment journey at this very point, but only the strong and the determined once makes their way to the top.

[Audrey Simmons]

‎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..

Mindset without finance is of no reasonable benefit. Most investors who are not successful according to how they pictured a successful investor to be are cornered to the level of budget between an investor struggling or managing to create a healthy budget and another investor who has a large sum at his disposal.

Money born money, like the popular saying. Investors who struggle with budget often find it hard to succeed with investing. It is also right to say, availability of budget is part of what separates a successful Bitcoin investor from everyone else.

Can it be true/false?

[Joeboy]

‎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.

Very well said.. Convictions truly plays a major role in determining the height and how far an investor reaches in their accumulation journey... It separates actual long-term  investors from traders...At the start of investing, it is very much normal for folks to still have low level of convictions since they are still trying to actually understand Bitcoin and how it operates generally...And so at that stage, they will be easily tempted to deviate from their original long term plan at the sight of any dips... But then with time, and as folks get more involved in Bitcoin accumulation, they very well begin to gain more understanding which can then sharpen their weakened convictions , thereby making it more possible for them not to easily be affected by short term price fluctuations...

INVOLVEMENT= UNDERSTANDING/KNOWLEDGE= HIGH CONVICTIONS= SUCCESSFUL LONG-TERM INVESTORS

[Tongley]

‎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..

Mindset without finance is of no reasonable benefit. Most investors who are not successful according to how they pictured a successful investor to be are cornered to the level of budget between an investor struggling or managing to create a healthy budget and another investor who has a large sum at his disposal.

Money born money, like the popular saying. Investors who struggle with budget often find it hard to succeed with investing. It is also right to say, availability of budget is part of what separates a successful Bitcoin investor from everyone else.

Can it be true/false?

Budget is important, but a person must have faith and consistent humanity in their investments. Because there are many people who do not have a stable source of income and their discretionary income source is also not stable, yet they continue to invest consistently with the help of discipline and humanity and are able to build a good portfolio. On the other hand, a person is earning a lot but they do not find a source of discretionary income and are not able to reduce their expenses, so they are not able to invest and even if they are able to invest, they are not able to maintain it in the long term.

In every field of investment, every aspect is interrelated, we can never focus on one without the other. We have to bring everything together and move forward

[Son Of Blockchain (SOB)]

Edited out..

What are the wrong strategies you think they were using that made them not to be successful in their bitcoin investment? If I can remember correctly there are 3 investment strategies; the DCA strategy, lump sum, buy the dip strategy. this is are the strategies that is meant for accumulating bitcoin. So guys have the right to make their choice or find the one that will be suitable for their bitcoin accumulation, but there's no strategy that Is good as the DCA strategy because with the DCA strategy you don't necessarily need to wait for anything but to keep buying regularly. Not that the rest is not good of course they are all good rather is just a matter of choice.

Ofcourse I'm fully aware of the 3 different strategies and anyone can choose to use them although the DCA stands out based on the features it has, I'm never against Lump suming or buy the dip strategy but the wrong strategies i want to refer to is, for instance waiting for the dip before buying, buying due to FOMO, buying to sell when the market goes up, those are wrong strategies or ain't they?
 You misunderstood me that's why you feel am against those strategies you mentioned but no, there are wrong practices some investors do that end up making them less successful, people shouldn't invest like traders and expect success in their investment.

[abaeze]

Investment success does not come by following any specific rule, but the success of those who have succeeded is a path that people follow. For example: A Brazilian guy loves Coca-Cola or similar drinks and used to drink regularly. Suddenly one day he saw that he had accumulated many cans. He sold those wastage cans/bottles and bought Bitcoin with that money, he kept doing this for a long time and eventually accumulated 1 BTC, which he still holds today.

So when you start, it looks small or not anything big to say but when it continues for years in the long run, it becomes whale. So in terms of investing success in Bitcoin, you have to start by planning according to your ability, but of course, it must be long-term with discipline and the investment money should be such that if it is lost, there will be no problem or as an option that is not included in life management. In most cases, it has been seen that those who have succeeded in investing have been successful because of habits and positive mindset.