Can small investors actually make good profit with bitcoin ?

[B-BossMan]

Yep.  I had friends who had 21 bitcoin and 17 bitcoin in 2016-ish time frame, and then one of them was down to 10 bitcoin a few years later and the other down to 4 bitcoin, and they could have kept building their bitcoin stash little by little or at least not depleting their bitcoin holdings.  It becomes impossible to build back up, even though they think that they are geniuses when they sell for various levels of profits along the way.. .but then they end up as no coiners or low coiners.. and even if their bitcoin might go up in value, they do not have much of  at various later dates down the road.

And I must say that, this is the one of the biggest mistakes in bitcoin investment journey and a lesson to learn from. For an investor to make profits is different from building a wealth, some investors may decide to make sell from thier bitcoin holdings just a little amount worth of $30,000 and be feeling wiser if the bitcoin price later drops, so when repeating the same at maybe $40k,$50k and $60k. The person may think he's doing the right thing, not until the issues comes later after the bitcoin price have reaches the much higher rate and then regretting that they have already sold almost what they had. Example of an investor that has like 30BTC  and decided to be selling it whenever they doubled thier funds, they may have collected much cahses actually,but if Bitcoin later reaches like $140k or $200k, that's when they will understand that, purchasing back the same amount of bitcoin worth 30BTC could become a problem, because it would be difficult to buy at that time, although the investor was not totally wrong in making the decision of taking his profits, but constantly decreasing the amount of his bitcoin may leads to a bigger problems over a period of time. Moreover, protecting your bitcoin stacking is more relevant than selling profits regularly because it reduces your future bitcoin holdings.

[Tongley]

I completely support you on this because of an experience my friend had few days back, he mistakenly wrote his seed phrase on a paper unknowingly to him a scammer got it and somehow cleared his bitcoin wallet, the amount of bitcoin wasn’t so huge but my friend till today is very skeptical once i tell him anything regarding bitcoin investment, he just feels it is not safe and he can be easily scammed, the annoying part is he is destroying the mindset of his friends concerning bitcoin, i have tried to educate him that it was just because of his mistake in terms of not securing his seed phrase in a safe space but up till now he hasn’t accepted. I feel a lot more should be done on bitcoin security because many investors still have a major issue of securing their bitcoin assets, some lose it completely once they die without having any opportunity to pass it on to their immediate families and huge bitcoin are lost that way, of what need will it be to invest in bitcoin and gain huge assets in bitcoin if one isn’t sure that it is secure.

I am agreeing with your point. in your friend case, bitcoin it self was not compromised but rather it was the seed phrase that got exposed, which gave the scammer control of the wallet. this typically shows that self custody remove the need to trust third party, but it also make one fully responsible for protecting their private keys.
Bitcoins education has to go beyond just buying and holding bitcoin, user needs to understand seed phrase security, phishing, fake wallet, backups, and inheritance planning. someone can actually secure their bitcoin during their life time but create problem for their family if there is no safe way to recover it after death. the big lesson here should be that bitcoin requires proper security practice, not that bitcoin it self is unsafe. that really wrong narrative.

It is said that it is not a good idea to learn about wallets or rush to choose a wallet before starting investing. Wallets are a technical matter and a small mistake can lead to the loss of all your assets. Therefore, it is not a good idea to never choose a wallet before starting investing or wait to start investing to gain knowledge.

You can keep your holdings or assets in the exchanger at the beginning and over time, you can choose a wallet by gaining all the knowledge related to the wallet and the things that are involved. If the person whose Bitcoin was stolen had knowledge about the wallet, he would never have considered Bitcoin to be guilty of it and still, he would have been encouraged to invest.

[Yeesha]

I have been thinking lately about how investing in bitcoin is actually a great idea but also it can be really hard to make profit off bitcoin if you're a small Investor
Imagine this:
If bitcoin is at $64k and me as a small investor bought with $1k, for me to make 100% profit bitcoin will have to hit $128k, that is still feasible
But if I'm hoping to make a 200% profit on my investment bitcoin price will have to get to $256k, how achievable is that ? And if it's achievable how long is it going to take

Which brings me back to my question
Can small investors actually make good profit with bitcoin?

Or are there other ways to make money with bitcoin as a small investor rather than just buy and hold?

Anyone can make profit from bitcoin wether large or small investors the difference is in the ratio of profit, if both parties are to hold their coins for a stipulated period the large deposit investor will make more profit, the thing is to make profit out of bitcoin currently requires a lot of patience, one must be ready to hold his coin for long meaning that the money invested into bitcoin shouldn’t be the investors primary income, it should be what the investor is ready to let go over a long period of time.

It doesn't matter how knowledgeable you are, once you start your investments you will have the opportunity to gain more knowledge and experience. An investor is an investor as long as you are investing in bitcoin, it doesn't matter what or how much you invested. What matters most is transparency and following the right criteria. Little profits is greater than loss, and a win is always a win whether it is big or small.  Bitcoin investment doesn't demand a lot and it gives so much. Every sacrifice that you think you've made, is for your own good and betterment. The times you spent on learning pays you a good price, because it will guide you throughout your investments and prevents unnecessary mistakes.

[Taskford]

Anyone can make profit from bitcoin wether large or small investors the difference is in the ratio of profit, if both parties are to hold their coins for a stipulated period the large deposit investor will make more profit, the thing is to make profit out of bitcoin currently requires a lot of patience, one must be ready to hold his coin for long meaning that the money invested into bitcoin shouldn’t be the investors primary income, it should be what the investor is ready to let go over a long period of time.

It doesn't matter how knowledgeable you are, once you start your investments you will have the opportunity to gain more knowledge and experience. An investor is an investor as long as you are investing in bitcoin, it doesn't matter what or how much you invested. What matters most is transparency and following the right criteria. Little profits is greater than loss, and a win is always a win whether it is big or small.  Bitcoin investment doesn't demand a lot and it gives so much. Every sacrifice that you think you've made, is for your own good and betterment. The times you spent on learning pays you a good price, because it will guide you throughout your investments and prevents unnecessary mistakes.

And I agree, since their knowledge naturally evolves or grow once they are already investing on Bitcoin. The real turning point is when people take action, even if for now they have small funds to spend. Deciding to take their first step will not only help them build their confidence, but also lots of experiences.

What really matters here is they are transparent with themselves, following right actions and consistent with their actions or with their accumulation. Size of their capital does not matter here.

Good thing about Bitcoin is it does not demand perfection, but rather it usually rewards those people have consistent efforts, lots of patience and good discipline.

[JayJuanGee]

If you can start with a secured wallet then the better, but when you say it's wrong to start without it you are then saying that all those who did and are still holding till today did something wrong with their investment. You should understand that I said starting without s secured wallet and not continuously accumulating and holding without it, you can always move your holdings to a secured wallet once you have one but it is not a must have for someone who's starting out, it's an advantage but there is no mandate to have it first.

I agree with your sentiment here bro. For a start, it's not necessary to start with a secured wallet or even get to know much of it, because it's not the most important thing when starting, because you can later gain more knowledge on Bitcoin and how to secure your holdings, by moving it from the exchange you bought it, to a self custodian wallet later on, because if you focus more on the best way to hold your bitcoin without starting, it may waste your time or you may even start procrastinating your Bitcoin accumulation, so starting first is very much important, the rest of other things are secondary.

It is good to start buying bitcoin with whatever knowledge that you happen to have or that you might determine that you need in such a way that is not really going to delay your getting started.  So many times knowledge is present in degrees, and you can learn and forget things along the way. 

For example if a guy has some superficial knowledge of wallets, and he is willing to look into the matter within the next week or two (or even within the next few days), yet he can still get started buying bitcoin on an exchange and even adjust his initial buy amounts based on his plans to investigate further into the wallet matter.  On the other hand, if the way that he is buying requires a personal wallet (such as if he is buying directly from another person or if he is buying from an ATM that requires a wallet), then he might need to investigate (and perhaps choose  a wallet) before he buys.  Some kinds of wallets might be considered temporary wallets and maybe less secure if they are third party wallets, so many times if someone is going to longer term store on a wallet, then they would want it to be a more secure, private and permanent place to keep their coins, even though sometimes (as many found out with Cold Card in recent times), surprise vulnerabilities could be discovered with certain wallets or if a person might end up downloading a bad wallet or even setting up a wallet in a way that was not private nor secure.

I completely support you on this because of an experience my friend had few days back, he mistakenly wrote his seed phrase on a paper unknowingly to him a scammer got it and somehow cleared his bitcoin wallet, the amount of bitcoin wasn’t so huge but my friend till today is very skeptical once i tell him anything regarding bitcoin investment, he just feels it is not safe and he can be easily scammed, the annoying part is he is destroying the mindset of his friends concerning bitcoin, i have tried to educate him that it was just because of his mistake in terms of not securing his seed phrase in a safe space but up till now he hasn’t accepted. I feel a lot more should be done on bitcoin security because many investors still have a major issue of securing their bitcoin assets, some lose it completely once they die without having any opportunity to pass it on to their immediate families and huge bitcoin are lost that way, of what need will it be to invest in bitcoin and gain huge assets in bitcoin if one isn’t sure that it is secure.

I am agreeing with your point. in your friend case, bitcoin it self was not compromised but rather it was the seed phrase that got exposed, which gave the scammer control of the wallet. this typically shows that self custody remove the need to trust third party, but it also make one fully responsible for protecting their private keys.
Bitcoins education has to go beyond just buying and holding bitcoin, user needs to understand seed phrase security, phishing, fake wallet, backups, and inheritance planning. someone can actually secure their bitcoin during their life time but create problem for their family if there is no safe way to recover it after death. the big lesson here should be that bitcoin requires proper security practice, not that bitcoin it self is unsafe. that really wrong narrative.

All the details of security and privacy do not need to be accomplished before starting out buying bitcoin, yet surely no one wants to lose any money, and so they likely need to take some security and privacy practices right from the start, and yeah if they are not feeling good about their set up for the amount of money they have stored, then they likely need to improve their security/privacy.  Sometimes they might not realize their vulnerabilities when they are new and they might not yet understand certain kinds of differences in wallet set-ups.  Newbies can still make choices regarding how to treat these matters, and at the same, time there should be sufficiently safe ways to start buying bitcoin that are available, even the beginning stages might be holding bitcoin on a exchange wallet (or third-party wallet) while more secure/private set ups are investigated into.

Yep.  I had friends who had 21 bitcoin and 17 bitcoin in 2016-ish time frame, and then one of them was down to 10 bitcoin a few years later and the other down to 4 bitcoin, and they could have kept building their bitcoin stash little by little or at least not depleting their bitcoin holdings.  It becomes impossible to build back up, even though they think that they are geniuses when they sell for various levels of profits along the way.. .but then they end up as no coiners or low coiners.. and even if their bitcoin might go up in value, they do not have much of  at various later dates down the road.

And I must say that, this is the one of the biggest mistakes in bitcoin investment journey and a lesson to learn from. For an investor to make profits is different from building a wealth, some investors may decide to make sell from thier bitcoin holdings just a little amount worth of $30,000 and be feeling wiser if the bitcoin price later drops, so when repeating the same at maybe $40k,$50k and $60k.

I am pretty sure that the initial costs of the person with 21 BTC was around less than $9k for all of the BTC (since the bitcoin prices were in the lower $400) and then the other person who had 17 bitcoin, those costs must have had been less than $4k, since many of those bitcoin were gotten in the lower $200s... so yeah, each of them made differing kinds of mistakes.. that were a bit outrageous.. .. in selling parts or even all of the coins at various points that might be 2x or 3x, and then maybe trying to buy back and then making the same mistakes.. or even the one with 21 coins sold at various points that were parts of the holdings at 10x, 20x or more, so quite a bit of dollar profits had been gotten at various points in time, yet that person currently ONLY has a couple of BTC.

The person who had 17 bitcoin had gotten themselves so worried about buying back at prices higher than the sales prices, so that ongoingly contributed to a lack of confidence in bitcoin, even though I think that the person would sell all of their stash and then maybe just hold onto 1 bitcoin or some small amount, but I lost track of that person and their bitcoin holdings, which probably is currently less than 1 bitcoin.

The person who had 21 bitcoin had sold several bitcoin in the $15k prices and maybe even small amounts in the $35k price region, even though running out of coins, so there comes big dilemmas when it comes time to buying back bitcoin, even if the BTC price dips back down.  The selling of the coins causes various kinds of mental blocks that cause some inabilities for the person to buy back in and to become a long term holder with more reasonable selling practices and abilities to reach a status that small amounts of bitcoin can be shaved off in sustainable ways rather than having various bouts of selling too many coins too soon, and then corrupting their investment mindset into a trader mindset or too man worries about taking profits that end up causing inadequate stacking and also panicking when the price goes down... which maybe would be better to go into buying mode when the BTC price is going down for long periods of time..

The person may think he's doing the right thing, not until the issues comes later after the bitcoin price have reaches the much higher rate and then regretting that they have already sold almost what they had. Example of an investor that has like 30BTC  and decided to be selling it whenever they doubled thier funds, they may have collected much cahses actually,but if Bitcoin later reaches like $140k or $200k, that's when they will understand that, purchasing back the same amount of bitcoin worth 30BTC could become a problem, because it would be difficult to buy at that time, although the investor was not totally wrong in making the decision of taking his profits, but constantly decreasing the amount of his bitcoin may leads to a bigger problems over a period of time. Moreover, protecting your bitcoin stacking is more relevant than selling profits regularly because it reduces your future bitcoin holdings.

Sometimes that BTC price might never come back down to the sales price amounts, and there might be various amounts of coins shaved off at various points in times, and then does allow the "taking of profits," but at the same time, a loss in a lot of opportunities, and frequently the person did not need to take as many profits as they did, even though for a short period of time, they may well feel really good and even real rich to be able to use the proceeds for things that they would never have had been able to afford absent their earlier bitcoin investments.

[Showlove01]

A Bitcoin investor don't have to over look the importants of having an emergency funds and also back up funds, emergency funds serves as a protector to our bitcoin investment. As an investor you are prepared to buy bitcoin and hold for long also plan on having your emergency funds also don't wait until an emergency happen before looking for were you can get money to sort it out, emergencies don't  give warning before they happen so it is better to prepare for it before it happens.

Securing and keeping emergency funds is easy for some and not that easy for many. It all depends on how well the person is earning and the access they have to money. Sometimes one can have money saved for an emergency and when that so-called unplanned expense hit the table, an emergency fund might not be enough to settle it, and you will still just have to touch your investment to solve that problem.

Sorting out emergency funds can be very easy if someone knows what he or she is doing if they know all their expenses because one thing is sorting out your expense. If you don't know how to sort your expenses you can not be able to sort out your  discretionary income, so the reason why some people find it difficult to sort out their discretionary income is because they don't know how to sort out their expenses because these are in stages.

[Saltysugar99]

A Bitcoin investor don't have to over look the importants of having an emergency funds and also back up funds, emergency funds serves as a protector to our bitcoin investment. As an investor you are prepared to buy bitcoin and hold for long also plan on having your emergency funds also don't wait until an emergency happen before looking for were you can get money to sort it out, emergencies don't  give warning before they happen so it is better to prepare for it before it happens.

Securing and keeping emergency funds is easy for some and not that easy for many. It all depends on how well the person is earning and the access they have to money. Sometimes one can have money saved for an emergency and when that so-called unplanned expense hit the table, an emergency fund might not be enough to settle it, and you will still just have to touch your investment to solve that problem.

Sorting out emergency funds can be very easy if someone knows what he or she is doing if they know all their expenses because one thing is sorting out your expense. If you don't know how to sort your expenses you can not be able to sort out your  discretionary income, so the reason why some people find it difficult to sort out their discretionary income is because they don't know how to sort out their expenses because these are in stages.

If you have some idea, fund management is not that difficult. However, you need to keep enough control over all your personal expenses. Because if unnecessary expenses are high, then discretionary income will not be created and it will not be possible to invest and create a back up fund. Suppose someone says that his income is $1,000 and his monthly expenses are $800, then his extra $200 will be as discretionary income. But the person who shares this must take care that there is money for any necessary expenses in this extra $200. And this is why creating an emergency fund and investing in bitcoin is not that easy. If a person earns $2000 and spends $1900, then his discretionary income is only $100. On the other hand, if a person earns only $1000 and his expenses are $600, then that person's discretionary income will be $400. wherever possible, reduce unnecessary expenses, and at the same time improve the capacity to increase income. And when it comes to creating an emergency fund, those who have a regular stable income can keep an amount equivalent to 3 months of expenses as a back up. On the other , those whose income is irregular and unstable should create a back up fund amount equivalent to 6 months of expenses.

[JayJuanGee]

A Bitcoin investor don't have to over look the importants of having an emergency funds and also back up funds, emergency funds serves as a protector to our bitcoin investment. As an investor you are prepared to buy bitcoin and hold for long also plan on having your emergency funds also don't wait until an emergency happen before looking for were you can get money to sort it out, emergencies don't  give warning before they happen so it is better to prepare for it before it happens.

Securing and keeping emergency funds is easy for some and not that easy for many. It all depends on how well the person is earning and the access they have to money. Sometimes one can have money saved for an emergency and when that so-called unplanned expense hit the table, an emergency fund might not be enough to settle it, and you will still just have to touch your investment to solve that problem.

Sorting out emergency funds can be very easy if someone knows what he or she is doing if they know all their expenses because one thing is sorting out your expense. If you don't know how to sort your expenses you can not be able to sort out your  discretionary income, so the reason why some people find it difficult to sort out their discretionary income is because they don't know how to sort out their expenses because these are in stages.

If you have some idea, fund management is not that difficult. However, you need to keep enough control over all your personal expenses. Because if unnecessary expenses are high, then discretionary income will not be created and it will not be possible to invest and create a back up fund. Suppose someone says that his income is $1,000 and his monthly expenses are $800, then his extra $200 will be as discretionary income. But the person who shares this must take care that there is money for any necessary expenses in this extra $200. And this is why creating an emergency fund and investing in bitcoin is not that easy. If a person earns $2000 and spends $1900, then his discretionary income is only $100. On the other hand, if a person earns only $1000 and his expenses are $600, then that person's discretionary income will be $400. wherever possible, reduce unnecessary expenses, and at the same time improve the capacity to increase income. And when it comes to creating an emergency fund, those who have a regular stable income can keep an amount equivalent to 3 months of expenses as a back up. On the other , those whose income is irregular and unstable should create a back up fund amount equivalent to 6 months of expenses.

3-6 months is a lot - especially for beginner bitcoiners.  Sure, maybe their goal is to get to 3 to 6 months of back up funds, yet 3-6 months tends to be a lot of value and a lot of cash that is just sitting around, if you don't have any bitcoin yet.

Even if a person is brand new to bitcoin and has absolutely no bitcoin, yet if he has close to 3 months of cash, it may be a good idea to take half of that cash that is on hand and to start buying bitcoin within the coming months so that the back up funds would only be 6 weeks and the amount put into bitcoin would be 6 weeks and then build them both up to 3 months each at the same time. 

Of course, you are implying that there could be some situations that warrant keeping more cash on hand in relation to the potential of unreliable income and/or unreliable expenses.

The same is true for 6 months... Holy fucking shit!!!!  A guy is expecting to not have income for 6 months?  Not having income for 6 months should be a very rare event and for certain guys who might be otherwise not very employable.  I would think that younger people should either be getting work or attending some kind of training, whether university or some tech school, so maybe there could be some situations in which 6 months worth of cash would be a warranted status.

Part of my point is to be careful about any presumption that there are great needs to build and/or keep large portions of cash on hand when there is hardly any bitcoin investment, and it seems to me that since we are in a bitcoin thread and on a bitcoin forum, we should place some priority on bitcoin investing, yet at the same time, it is true that we should have some expectations that when we are putting money into bitcoin, then any of that new money that we had put into bitcoin is not going to be available for 4-10 years or more, and accordingly there are needs to be able to put the money into bitcoin and there are needs to not think about the money that we put in or to not think about touching that bitcoin invested money for 4-10 years or more, which takes a lot of preparation and a lot of actions to make sure that income is greater than expenses and that guys are able to earn income to pay for their expenses on an ongoing basis, whether their income is regular or irregular, they hopefully have plans and ongoing and persistent actions accompanying their plans to keep building their bitcoin and to not tap into their bitcoin, especially if they are in their bitcoin building stages and/or even when they are in their bitcoin maintaining stages where they might not be able to add to their bitcoin stash due to lack of discretionary funds, yet hopefully they are not putting themselves into positions where they have to end up tapping into their bitcoin at a time that is not of their own choosing, either.

[Shaponzy]

The person may think he's doing the right thing, not until the issues comes later after the bitcoin price have reaches the much higher rate and then regretting that they have already sold almost what they had. Example of an investor that has like 30BTC  and decided to be selling it whenever they doubled thier funds, they may have collected much cahses actually,but if Bitcoin later reaches like $140k or $200k, that's when they will understand that, purchasing back the same amount of bitcoin worth 30BTC could become a problem, because it would be difficult to buy at that time, although the investor was not totally wrong in making the decision of taking his profits, but constantly decreasing the amount of his bitcoin may leads to a bigger problems over a period of time. Moreover, protecting your bitcoin stacking is more relevant than selling profits regularly because it reduces your future bitcoin holdings.

Sometimes that BTC price might never come back down to the sales price amounts, and there might be various amounts of coins shaved off at various points in times, and then does allow the "taking of profits," but at the same time, a loss in a lot of opportunities, and frequently the person did not need to take as many profits as they did, even though for a short period of time, they may well feel really good and even real rich to be able to use the proceeds for things that they would never have had been able to afford absent their earlier bitcoin investments.

If I may understood these concepts of investments protections properly. In my own opinion, there's truly nothing really bad in relishing the profits of our investment at all, but I learned a great lessons here that, bitcoin normally taught many investors biggest lessons that selling too much and realize soon. I understood one thing that, any amount of money you take out today can actually sustain or solve your financial problems at that moment and make a good living to the fullest, but the one you took out would be extremely difficult to replace easily. And that's the mistake many people normally does and get caught off, they were happy in cashing out and be watching out the remaining coins become more valuable more than the amounts they were sold for. So it's good to fine a comfortable approach in balance way, sometimes it's not all about withdrawing our profits, but maintaining the discipline position enough is much better.

[PhilosopherKing]

It is good to start buying bitcoin with whatever knowledge that you happen to have or that you might determine that you need in such a way that is not really going to delay your getting started.  So many times knowledge is present in degrees, and you can learn and forget things along the way. 

For example if a guy has some superficial knowledge of wallets, and he is willing to look into the matter within the next week or two (or even within the next few days), yet he can still get started buying bitcoin on an exchange and even adjust his initial buy amounts based on his plans to investigate further into the wallet matter.  On the other hand, if the way that he is buying requires a personal wallet (such as if he is buying directly from another person or if he is buying from an ATM that requires a wallet), then he might need to investigate (and perhaps choose  a wallet) before he buys.  Some kinds of wallets might be considered temporary wallets and maybe less secure if they are third party wallets, so many times if someone is going to longer term store on a wallet, then they would want it to be a more secure, private and permanent place to keep their coins, even though sometimes (as many found out with Cold Card in recent times), surprise vulnerabilities could be discovered with certain wallets or if a person might end up downloading a bad wallet or even setting up a wallet in a way that was not private nor secure.

Yes.

It so ridiculous how people think they have to know everything about btcoin before they can started to be investing. There is different levels of knowledge. There is the Basic, Medium and Advanced and each of this classification has sub classification. This is why person cannot in one day understand everything about bitcoin. It will take them plenty months or even years. But if person starts immediately with their discretionary, they can use the years they are using to ongoingly invest to also learn along in the process. Learning should never be a excuse for person not to start.

Person can start small and while the person is accumulating that little quantity, the person can also be using that opportunity to learn about the best wallet to use, and since there is something at stake it will be more easier for the person to learn easier. As they will always be paying attention and ask the right questions to the right person. There is always a possibility of learning along the way

[AprilioMP]

[edited out]

[edited out]

It is absolutely bad to make investmemt that one is hoping for profits and instead of profits, he is losing his entire money to hackers. The way to profit is long-term investmemt and that requires holding in private wallet.

Exchanges are actually like a temporary stopover (transit) in long-term Bitcoin investing. Buy, hold for a while, then transfer to a dedicated Bitcoin wallet. If you buy and hold there with the sole purpose of selling later, that’s trading. Right?
It’s not a bad investment strategy to expect a profit, because as far as I know, the fundamental purpose of investing is to make a profit and protect your wealth against inflation and similar risks.

[Barikui1]

Exchanges are actually like a temporary stopover (transit) in long-term Bitcoin investing. Buy, hold for a while, then transfer to a dedicated Bitcoin wallet. If you buy and hold there with the sole purpose of selling later, that’s trading. Right?
It’s not a bad investment strategy to expect a profit, because as far as I know, the fundamental purpose of investing is to make a profit and protect your wealth against inflation and similar risks.

It's not a bad idea to expect profit in your Bitcoin investment, but it becomes a problem to you when you put it at the center of your investment, because the quest for profit may compel you to trade or sell off your Bitcoin holdings for minimal gains. In addition to that, it's going to keep your hopes too high to the point that if your Bitcoin investment is not going as expected, or it's declining rapidly you may sell in panic or your hopes may be shattered, because profit is not guaranteed in Bitcoin investment, so seeing it as a store of value is the best.

[BluebloodCXVI]

And I must say that, this is the one of the biggest mistakes in bitcoin investment journey and a lesson to learn from. For an investor to make profits is different from building a wealth, some investors may decide to make sell from thier bitcoin holdings just a little amount worth of $30,000 and be feeling wiser if the bitcoin price later drops, so when repeating the same at maybe $40k,$50k and $60k. The person may think he's doing the right thing, not until the issues comes later after the bitcoin price have reaches the much higher rate and then regretting that they have already sold almost what they had. Example of an investor that has like 30BTC  and decided to be selling it whenever they doubled thier funds, they may have collected much cahses actually,but if Bitcoin later reaches like $140k or $200k, that's when they will understand that, purchasing back the same amount of bitcoin worth 30BTC could become a problem, because it would be difficult to buy at that time, although the investor was not totally wrong in making the decision of taking his profits, but constantly decreasing the amount of his bitcoin may leads to a bigger problems over a period of time. Moreover, protecting your bitcoin stacking is more relevant than selling profits regularly because it reduces your future bitcoin holdings.

The long term trajectory of bitcoin has always been driven by scarcity + adoption.

So once a meaningful portion of your coins is gone, for you to be able to reclaim the same number of BTC later on is gonna require far more capital than before or worst case scenario; it becomes impossible if bitcoin price has moved dramatically higher.

For example, an investor who started with 30 BTC and systematically sold down to let’s say 8–12 BTC while still collecting cash along the way will often ends up with less purchasing power in terms of Bitcoin than someone who simply held the original 30 BTC throughout the same cycle.

The earlier folks start to realize that making short term profit and building lasting wealth in bitcoin are not the same thing and that constant reduction of the number of bitcoin they own is the easiest way to underperform a simple long term hold, the better.
Unfortunately most people only realize the cost of this mistake in hindsight.

[Stive009]

The person may think he's doing the right thing, not until the issues comes later after the bitcoin price have reaches the much higher rate and then regretting that they have already sold almost what they had. Example of an investor that has like 30BTC  and decided to be selling it whenever they doubled thier funds, they may have collected much cahses actually,but if Bitcoin later reaches like $140k or $200k, that's when they will understand that, purchasing back the same amount of bitcoin worth 30BTC could become a problem, because it would be difficult to buy at that time, although the investor was not totally wrong in making the decision of taking his profits, but constantly decreasing the amount of his bitcoin may leads to a bigger problems over a period of time. Moreover, protecting your bitcoin stacking is more relevant than selling profits regularly because it reduces your future bitcoin holdings.

Sometimes that BTC price might never come back down to the sales price amounts, and there might be various amounts of coins shaved off at various points in times, and then does allow the "taking of profits," but at the same time, a loss in a lot of opportunities, and frequently the person did not need to take as many profits as they did, even though for a short period of time, they may well feel really good and even real rich to be able to use the proceeds for things that they would never have had been able to afford absent their earlier bitcoin investments.

If I may understood these concepts of investments protections properly. In my own opinion, there's truly nothing really bad in relishing the profits of our investment at all, but I learned a great lessons here that, bitcoin normally taught many investors biggest lessons that selling too much and realize soon. I understood one thing that, any amount of money you take out today can actually sustain or solve your financial problems at that moment and make a good living to the fullest, but the one you took out would be extremely difficult to replace easily. And that's the mistake many people normally does and get caught off, they were happy in cashing out and be watching out the remaining coins become more valuable more than the amounts they were sold for. So it's good to fine a comfortable approach in balance way, sometimes it's not all about withdrawing our profits, but maintaining the discipline position enough is much better.

An emergency or backup fund is created so that you do not have to withdraw profits from your investment to meet your personal needs.
A major purpose of creating an emergency or backup fund for a Bitcoin investor is to avoid having to sell Bitcoin every time you need it. If you have discretionary income a part of it can be kept for Bitcoin accumulation and another part for an emergency fund. In this way it is possible to build both gradually.

Because if you have to meet your needs by withdrawing money from Bitcoin it may solve the problem of that moment, but later it may become difficult to buy the same amount of Bitcoin again, in many cases almost impossible. Because many times Bitcoin does not return to its previous selling price and even if the price drops, there may be hesitation to buy at a higher price.

So the best method for me is to continue emergency fund and Bitcoin stacking together. This will have a separate cash reserve for emergency needs and there will be no need to reduce holdings by selling Bitcoin repeatedly. In the case of long term wealth building, protecting your Bitcoin stacking is much more important than taking regular profits

[AprilioMP]

Exchanges are actually like a temporary stopover (transit) in long-term Bitcoin investing. Buy, hold for a while, then transfer to a dedicated Bitcoin wallet. If you buy and hold there with the sole purpose of selling later, that’s trading. Right?
It’s not a bad investment strategy to expect a profit, because as far as I know, the fundamental purpose of investing is to make a profit and protect your wealth against inflation and similar risks.

It's not a bad idea to expect profit in your Bitcoin investment, but it becomes a problem to you when you put it at the center of your investment, because the quest for profit may compel you to trade or sell off your Bitcoin holdings for minimal gains. In addition to that, it's going to keep your hopes too high to the point that if your Bitcoin investment is not going as expected, or it's declining rapidly you may sell in panic or your hopes may be shattered, because profit is not guaranteed in Bitcoin investment, so seeing it as a store of value is the best.

Do my thoughts have to match yours? I don’t think so. In this regard, we’re too quick to judge something that isn’t actually the case, considering that every investor has their own strategy and not all of them are willing to easily change their strategy to seek profits—as you mentioned—by selling or trading.
Trading isn’t always a bad thing either if the goal is to buy back Bitcoin in a different quantity at a lower price—and there’s no denying that some people do exactly that at certain times.

[oll]

An emergency or backup fund is created so that you do not have to withdraw profits from your investment to meet your personal needs.
A major purpose of creating an emergency or backup fund for a Bitcoin investor is to avoid having to sell Bitcoin every time you need it. If you have discretionary income a part of it can be kept for Bitcoin accumulation and another part for an emergency fund. In this way it is possible to build both gradually.

Because if you have to meet your needs by withdrawing money from Bitcoin it may solve the problem of that moment, but later it may become difficult to buy the same amount of Bitcoin again, in many cases almost impossible. Because many times Bitcoin does not return to its previous selling price and even if the price drops, there may be hesitation to buy at a higher price.

The key is for the investor to calculate their discretionary income accurately based on their income and expenses. Many newbies understand the fundamental principles of smart Bitcoin accumulation (such as long-term and continuous accumulation), but due to excessive optimism, they believe they can allocate almost all of their discretionary income, forgetting that sometimes expenses for basic needs can fluctuate due to seasonal fluctuations. Because of this, their savings will vary from year to year. This is normal. Then, regular Bitcoin investments will become a habit and will inspire this newbie investor time and again.

[B-BossMan]

The person may think he's doing the right thing, not until the issues comes later after the bitcoin price have reaches the much higher rate and then regretting that they have already sold almost what they had. Example of an investor that has like 30BTC  and decided to be selling it whenever they doubled thier funds, they may have collected much cahses actually,but if Bitcoin later reaches like $140k or $200k, that's when they will understand that, purchasing back the same amount of bitcoin worth 30BTC could become a problem, because it would be difficult to buy at that time, although the investor was not totally wrong in making the decision of taking his profits, but constantly decreasing the amount of his bitcoin may leads to a bigger problems over a period of time. Moreover, protecting your bitcoin stacking is more relevant than selling profits regularly because it reduces your future bitcoin holdings.

Sometimes that BTC price might never come back down to the sales price amounts, and there might be various amounts of coins shaved off at various points in times, and then does allow the "taking of profits," but at the same time, a loss in a lot of opportunities, and frequently the person did not need to take as many profits as they did, even though for a short period of time, they may well feel really good and even real rich to be able to use the proceeds for things that they would never have had been able to afford absent their earlier bitcoin investments.

If I may understood these concepts of investments protections properly. In my own opinion, there's truly nothing really bad in relishing the profits of our investment at all, but I learned a great lessons here that, bitcoin normally taught many investors biggest lessons that selling too much and realize soon. I understood one thing that, any amount of money you take out today can actually sustain or solve your financial problems at that moment and make a good living to the fullest, but the one you took out would be extremely difficult to replace easily. And that's the mistake many people normally does and get caught off, they were happy in cashing out and be watching out the remaining coins become more valuable more than the amounts they were sold for. So it's good to fine a comfortable approach in balance way, sometimes it's not all about withdrawing our profits, but maintaining the discipline position enough is much better.

An emergency or backup fund is created so that you do not have to withdraw profits from your investment to meet your personal needs.
A major purpose of creating an emergency or backup fund for a Bitcoin investor is to avoid having to sell Bitcoin every time you need it. If you have discretionary income a part of it can be kept for Bitcoin accumulation and another part for an emergency fund. In this way it is possible to build both gradually.

Because if you have to meet your needs by withdrawing money from Bitcoin it may solve the problem of that moment, but later it may become difficult to buy the same amount of Bitcoin again, in many cases almost impossible. Because many times Bitcoin does not return to its previous selling price and even if the price drops, there may be hesitation to buy at a higher price.

So the best method for me is to continue emergency fund and Bitcoin stacking together. This will have a separate cash reserve for emergency needs and there will be no need to reduce holdings by selling Bitcoin repeatedly. In the case of long term wealth building, protecting your Bitcoin stacking is much more important than taking regular profits

I actually understood your point of view, but one thing is, it would be hard to see an investor who have accumulated enough BTC like $20k worth of bitcoin and didn't have thier emergency money aside?. The main issue is not having no emergency funds on ground, but they work with thier mindset and decided to sell some of their profits out, and all this happens when the bitcoin price goes up. Now let's talk about the investors that has thier own savings steadily and then decided to sell some few profits out of thier investment, and you should understand that bitcoin investment profits seems tempting, especially if you don't have patience enough, so they will only realize thier mistakes when the bitcoin price has actually gain a value more than what they have sell out and it becomes difficult fir them to make replacement.

Base on my own opinions towards this scenarios, the main thing shouldn't be only building an emergency funds, but building or developing the habit of long-term holdings,disciplines and enough patience over a long period of time. All thier bitcoin holdings to grows higher without any constant disturbances. Instead of enjoying for just short-term period, why can't you be protecting the numbers of bitcoin you have with enough patience, well the best decision is to let's thier bitcoin investment in a good time for long-term growths without touching it constantly.

[SPIDERMAN008]

An emergency or backup fund is created so that you do not have to withdraw profits from your investment to meet your personal needs.
A major purpose of creating an emergency or backup fund for a Bitcoin investor is to avoid having to sell Bitcoin every time you need it. If you have discretionary income a part of it can be kept for Bitcoin accumulation and another part for an emergency fund. In this way it is possible to build both gradually.

Because if you have to meet your needs by withdrawing money from Bitcoin it may solve the problem of that moment, but later it may become difficult to buy the same amount of Bitcoin again, in many cases almost impossible. Because many times Bitcoin does not return to its previous selling price and even if the price drops, there may be hesitation to buy at a higher price.

So the best method for me is to continue emergency fund and Bitcoin stacking together. This will have a separate cash reserve for emergency needs and there will be no need to reduce holdings by selling Bitcoin repeatedly. In the case of long term wealth building, protecting your Bitcoin stacking is much more important than taking regular profits

There is no rule that Bitcoin can never be sold. If a real emergency comes and the backup funds are not enough, then selling some of the Bitcoin is perhaps the most practical choice among the available options. Investment is to serve our lives, not for life to be held hostage by the investment. Having a setup where almost every small expense does not have to be sold in Bitcoin. And the backup fund is formed at the emergency moment when the amount of money is too much or the income stops, so that the necessary tasks of life can be continued without selling Bitcoin directly. Until the situation returns to normal, the expenses will continue through the backup fund for a few days or months . If the backup fund is exhausted, then even if the economic situation does not improve, then bitcoin can be used. So in the end, it is not just about buying Bitcoin for long-term wealth building. You also need a financial structure so that you can hold that Bitcoin.

[Princess Leah]

Exchanges are actually like a temporary stopover (transit) in long-term Bitcoin investing. Buy, hold for a while, then transfer to a dedicated Bitcoin wallet. If you buy and hold there with the sole purpose of selling later, that’s trading. Right?
It’s not a bad investment strategy to expect a profit, because as far as I know, the fundamental purpose of investing is to make a profit and protect your wealth against inflation and similar risks.

Hold for a while in exchanges? No dear that's not advisable, you buy and transfer immediately to a safe wallet, you're not trading bht intentions of buying is to hold for long term so what's the neee of holding for a while in the exchange? You can only hold there if your intentions is to trade with it.

 People have their different reasons for choosing Bitcoin which is not basically about profits, moreover you don't expect what's not guaranteed but invest and believe that the investment would bring good result in the future. Infact profit shouldn't come first or in between bht last which is after years of accumulation.

[Homemade-IQ]

Hold for a while in exchanges? No dear that's not advisable, you buy and transfer immediately to a safe wallet, you're not trading bht intentions of buying is to hold for long term so what's the neee of holding for a while in the exchange? You can only hold there if your intentions is to trade with it.

I don't think you are understanding why he said that, because the truth is that, you cannot be transferring every $10-20 or even $50 worth of Bitcoin to an exchange because the fee will be too much, and you will be at the losing end, so the wise thing is to buy and accumulate it there, until it has grown and is worth more than $200, that way you wouldn't be paying fees every now and then.

So it's not a bad idea to keep the little unit of Bitcoin bought in an exchange until it has grown to something reasonable before you moves it to a more secured self custodian wallet.