Hold bitcoin long Enough and you are most definitely safe

[SOKO-DEKE]

If you really understand how Bitcoin investing works, you will invest in Bitcoin with well guarded information, how do I mean, there are those who invest in Bitcoin with the aim of making fast profit within a very short period of time, and that is exactly why some Bitcoin investors end up making losses instead of making profit. Those who really understand how Bitcoin investing works, know that good profit can only be made when you invest for long time, long term Bitcoin investing eliminates emotions, and enable to achieve your financial goals. Learning about Bitcoin investing is necessary to make exploit because without that one would really find it very difficult to make the required return on investment.

There are some people who are ready to hold their Bitcoin investment for the long term, but if they lack proper security for their Bitcoin, they will end up losing it, even after making serious profits.For an investor who is able to invest in Bitcoin, they need to follow some steps to achieve their goals in the long term. It is not only when someone buys Bitcoin and aims for short-term profit that they can end up losing their Bitcoin. One of the things that every investor always needs to take seriously is proper security, and that is something some new investors always take less seriously.Another important thing again is to invest only what you can afford to lose. Because when someone invests money that they will need to use in the nearest future, they may have no other choice than to sell their Bitcoin.If an investor can invest money that is meant for Bitcoin investment and follow the proper steps of investing, they will be able to hold Bitcoin for the long term without facing too many challenges.

[fredericktaylor]

Bitcoin always
At this point, we don't need to still be advocating for bitcoin because it has already done all the promotions needed of it and everyone and anyone who believes in the coin, will always want to seize the opportunity to invest in it.
At this point, we have differs reasons why people might not be able to invest in bitcoin and that's understandable but I don't want to believe that, there's any tangible reason why anyone who knows about bitcoin is not investing except they don't have the money to invest or even DCA

In reality, those who have acquired specific knowledge through research about Bitcoin and have enough money to invest, this long-term mindset, will definitely invest to take advantage of Bitcoin opportunities in the future and hold it for a long time with confidence. However, there are many people who know about Bitcoin but are not motivated to invest, this is absolutely normal. It can never be the case that a person will be motivated to invest in Bitcoin just because they have knowledge about Bitcoin. The investment decision is completely your personal decision. I have seen many people who know about Bitcoin but are not motivated to invest.

[WatChe]

In reality, those who have acquired specific knowledge through research about Bitcoin and have enough money to invest, this long-term mindset, will definitely invest to take advantage of Bitcoin opportunities in the future and hold it for a long time with confidence. However, there are many people who know about Bitcoin but are not motivated to invest, this is absolutely normal. It can never be the case that a person will be motivated to invest in Bitcoin just because they have knowledge about Bitcoin. The investment decision is completely your personal decision. I have seen many people who know about Bitcoin but are not motivated to invest.

It's very important to do proper research before getting started with Bitcoin because that will enable you to understand the key features of Bitcoin. The research will help you in overcoming the mindset that Bitcoin is just about investing money and getting profit after a certain period of time. Apart from money, there are many things we need to understand about Bitcoin in order to get desired results. We can never learn all details by reading a book or through video series as many things are learned only once we start investing in Bitcoin.   

[Delaforetnoire]

We can never learn all details by reading a book or through video series as many things are learned only once we start investing in Bitcoin.   

It is true that we cannot learn everything by reading a book or watching a video series. A person who learns about the market after investing in bitcoin never learns as seriously as he did before investing. However, those who learn well before investing can take something good from the market.

[Tiaramane]

IMO if BTC crash then everything follows, It hasnt crash for over a decade, now price is more stable than ever with institutions coming in.

[Felicity_Tide]

Those who really understand how Bitcoin investing works, know that good profit can only be made when you invest for long time, long term Bitcoin investing eliminates emotions, and enable to achieve your financial goals. Learning about Bitcoin investing is necessary to make exploit because without that one would really find it very difficult to make the required return on investment.

Ideally, good investments practically yield good rewards in the long run, and not in a short period. Bitcoin is not supposed to be an exemption, but It's just quite unfortunate that those who don't understand it much end up seeing it differently. And again, how some people have presented Bitcoin has also contributed to this common narrative that it's an automatic wealth creator.

I think, for a long term investment to work, it's the duty of the investor to kill those emotions and stick with courage and enough patience through out the journey. Terrible days of price decline are definitely part of the journey, but when those emotions are kept in check and the goals are pretty clear, the investor in question should have enough fuel to pass through those tough phases. It's not like it's a rocket science or something that complicated.

[Jostle]

Bitcoin is still "very young"  when compared to commodities like Gold. It has only a less than 20 year history. But insofar, history has shown that it has done well (past performance is not indicative of future).

I believe that it will continue to do well, due to the network effect, and that it is truly, to date, one of the most decentralized coins around (there are subsequent alt-coins that have this model - but they don't have the same network effect).

As per the other thread, I will hold bitcoin as part of a diversified retirement/investment strategy. If it goes down, I'm still protected (by the others). If it goes up, well great!

[uneng]

I believe that it will continue to do well, due to the network effect

The halving event which has been happening every 4 years is the reason why Bitcoin is getting more valuable in a sustainable way along the time. The fact Bitcoin is getting more scarce each new block mined, helps increasing confidence and demand from investors. It's like Bitcoin is becoming rarer each new cycle, so the tendency is that Bitcoin gets more valuable. Add this to the FOMO effect, and then we have extra increasements in price.

Meanwhile, there are also global events which result in news to affect Bitcoin's price as well, but I believe they are secondary, anyway.

The determining elements are halving event and big size ETFs expiration dates.

[Somegory]

Holding long enough isn't even the problem but far into thee future and still having your Bitcoin is where the problem lies, I mean safeguarding your Bitcoin is where many people who planned to hold Bitcoin for a long term got ruined.

Same or similar thing will happen to many other people while going into the future, many would have trust their ways of keeping their keys and one thing will happen and everything will all go burst.

My feeling about this is not to be too sure of anything, split your Bitcoin if you have to, having more than one hardware wallet is good idea and remember that you aren't really helping yourself keeping the Bitcoin to yourself alone.

[ImGenius]

To those who find business or investment hard to understand and confusing knowledge of this can be an easy explanation why they should search on bitcoin.

Making profit through Bitcoin is very easy we don't need to be an expert if we just try to hold it for the long term it's possible. But behind this holding there are some steps that we must take otherwise we can lose our Bitcoins at any time. Which are security and storage.

We have to take very good care of these two things. After buying Bitcoin from any exchange we should never keep it on that exchange. For this we have to use a non custodial wallet through which we can store it on hardware or on a secure device using an Electrum wallet. Of course we need to know very well about hot wallet and cold wallet, the private key and seed phrase need to be written down very securely. If we pay attention to these things then making a profit from Bitcoin is definitely possible.

[Abu-Naim]

Holding long enough isn't even the problem but far into thee future and still having your Bitcoin is where the problem lies, I mean safeguarding your Bitcoin is where many people who planned to hold Bitcoin for a long term got ruined.

Same or similar thing will happen to many other people while going into the future, many would have trust their ways of keeping their keys and one thing will happen and everything will all go burst.

My feeling about this is not to be too sure of anything, split your Bitcoin if you have to, having more than one hardware wallet is good idea and remember that you aren't really helping yourself keeping the Bitcoin to yourself alone.

Isn’t that expensive? And if one cannot properly manage one wallet’s seed phrase or keys, how can they manage more than one wallets? It cannot be possible to leave your responsibilities to someone to do them for you, if you want self custody of your assets, take responsibility but having more than one wallet is not the solution here.

Holding Bitcoin for long is something good, but holders needs to make sure they safeguard their seed phrase in a safe place, where only them will have access to them, if you can’t keep your seed phrase safe, it means you can’t keep your money safe in your own house which is very wrong. It is good to know the best ways of safeguarding seed phrase and private keys so as to hold for long.

[MusaMohamed]

Making profit through Bitcoin is very easy we don't need to be an expert if we just try to hold it for the long term it's possible. But behind this holding there are some steps that we must take otherwise we can lose our Bitcoins at any time. Which are security and storage.

The Bitcoin market is volatile in short term while in long term it grows up very strongly with super high ROI over years. Depends on what people decide to go with either investment or trading, they will have different strategies and practice in the same Bitcoin market, then there will be different challenges for their practice and results will be different because of many things.

First and most important, choosing either investment or trading and if they choose investment, they can feel their practice more like comfortable and easy.

We have to take very good care of these two things. After buying Bitcoin from any exchange we should never keep it on that exchange. For this we have to use a non custodial wallet through which we can store it on hardware or on a secure device using an Electrum wallet.

Reminder: do not keep your money in online accounts.
Choosing non custodial wallets for fund storage is important, a next consideration is good open source wallet to use, then how to use that wallet rightly.
For example, how to use Electrum wallet.
[GUIDE] How to Safely Download and Verify Electrum.
The paranoid user's security guide for using Electrum safely.

[Sunshine1525]

In reality, those who have acquired specific knowledge through research about Bitcoin and have enough money to invest, this long-term mindset, will definitely invest to take advantage of Bitcoin opportunities in the future and hold it for a long time with confidence. However, there are many people who know about Bitcoin but are not motivated to invest, this is absolutely normal. It can never be the case that a person will be motivated to invest in Bitcoin just because they have knowledge about Bitcoin. The investment decision is completely your personal decision. I have seen many people who know about Bitcoin but are not motivated to invest.

I have no doubt about what you just said, it's very true that some people know about Bitcoin but they lack the motivation to invest and why is because they lack conviction, knowledge without conviction results to lack of interest but when there's conviction the investor would have enough reason to put money into Bitcoin.

I thought deep about what yoi said before i came up with my opinion cause someone who knows about Bitcoin should be motivated to investment after knowing how well it has improved in the past till date but it takes someone with conviction, someone who strongly believes that it would keep increasing in value to invest in it.

[purple_sparkles]

I believe people are paying more and more attention to bitcoin because it doesn’t really have any competing currency that compares to it. It is more stable than many traditional assets, and unlike individual company stocks or corporations, it doesn’t have direct competitors when it comes to reliability. That’s why people will continue investing in bitcoin as a way to preserve their money and will be willing to wait as long as necessary, especially given its historical growth. Although its growth rate changes from cycle to cycle, I still see it as a reliable and easy-to-use asset.

[iBaba]

We can never learn all details by reading a book or through video series as many things are learned only once we start investing in Bitcoin.   

It is true that we cannot learn everything by reading a book or watching a video series. A person who learns about the market after investing in bitcoin never learns as seriously as he did before investing. However, those who learn well before investing can take something good from the market.

I think you would have a good understanding when your own money is involved, you can read as much as possible about bitcoin but when your money is involved, that is when you will start paying more attention to the market and observe what is happening. The must important thing is to learn the basics before investing, you don’t need to know everything but at least you should understand the risk you are taking, invest what you can afford and how to keep it safe. Then carefully learn from experience along the way.

[WatChe]

Isn’t that expensive? And if one cannot properly manage one wallet’s seed phrase or keys, how can they manage more than one wallets? It cannot be possible to leave your responsibilities to someone to do them for you, if you want self custody of your assets, take responsibility but having more than one wallet is not the solution here.

Holding Bitcoin for long is something good, but holders needs to make sure they safeguard their seed phrase in a safe place, where only them will have access to them, if you can’t keep your seed phrase safe, it means you can’t keep your money safe in your own house which is very wrong. It is good to know the best ways of safeguarding seed phrase and private keys so as to hold for long.

If you are going for long term investment then you have to make sure that you have private keys of your Bitcoins with you i.e. store them in decentralised wallet. The disadvantage of storing your bitcoins on centralised exchange is that they can shut down at any time due to different reasons or they may freeze your account if you violate any of there policies. Exchanges can only be used if you are looking for short term storage solution like if you are doing day trading. Keep in mind that if you are going for non-custodial wallet solution then securing your wallet is your responsibility and you have to make sure that your seed is properly secured.    

[Asuspawer09]

It was already told to me by a friend investors a long time ago, I think in the middle of 2018, he said that a new investments like stock or Bitcoin would probably take a minimum of 5 years in order to make real profit, when I first heard that I was kind of a beginner and didn't know a lot of it and my first thought was that was absurb and five years was a very long time, because at that time I think Bitcoin was just in a huge momentum, we see Bitcoin around 100$ starting skyrocketing to 18k$ or even 3k$ was already a huge profit in just a short amount of time as we all know the volatility was just too high.

Now that I have experienced a lot of cycles, I totally understand, based on my experience I realize I do a lot of mistakes on my investment even though I do earn some profit on it, but It could be even higher if I just become completely patient and stay on the right track of long term investment, I realize that this true investing was suppose to be boring, I know and most of the time investors these days are just getting hype by a lot because of the hype projects like memes, they mostly think that Bitcoin was a quick money they weren't really ready for long term, they wanted quick money, that is why they mostly end up losing huge amount of money.

I mean, this was really evident even for other assets you could surely make money on most assets in long-term investments.

[Mate2237]

Technically, you cannot really say you are entirely safe because Bitcoin is also a crypto coin and you understand that it is still affected by volatility, there is no investment that is a 100 percent safe. But the reason why you are emphasizing on holding Bitcoin long enough is because it is more stable than altcoins which is quite understandable. Holding Bitcoin long enough just as you have said is easier said than done, if it were that easy a numerous people would have made significant profits from it but exercising patience takes a lot of patience and discipline to execute.

"Most definitely safe" should not be a phrase you should use because there is no way you can totally eliminate the risks involved in investing in Bitcoin or any other crypto currency.

[Chinesebaby]

Holding long enough isn't even the problem but far into thee future and still having your Bitcoin is where the problem lies, I mean safeguarding your Bitcoin is where many people who planned to hold Bitcoin for a long term got ruined.

Same or similar thing will happen to many other people while going into the future, many would have trust their ways of keeping their keys and one thing will happen and everything will all go burst.

My feeling about this is not to be too sure of anything, split your Bitcoin if you have to, having more than one hardware wallet is good idea and remember that you aren't really helping yourself keeping the Bitcoin to yourself alone.

Isn’t that expensive? And if one cannot properly manage one wallet’s seed phrase or keys, how can they manage more than one wallets? It cannot be possible to leave your responsibilities to someone to do them for you, if you want self custody of your assets, take responsibility but having more than one wallet is not the solution here.

Holding Bitcoin for long is something good, but holders needs to make sure they safeguard their seed phrase in a safe place, where only them will have access to them, if you can’t keep your seed phrase safe, it means you can’t keep your money safe in your own house which is very wrong. It is good to know the best ways of safeguarding seed phrase and private keys so as to hold for long.

Having more than one hardware wallet is still not a bad option, but inasmuch as you also keep its private key in a safe and secure location. And this hardware wallets you are intending to have more than one shouldn't be of the same company, but two different companies, just like Trezor and Ledger (Nano) and e.t.c., so that in case one happens to be compromised, you can have your second bitcon hardware wallet very safe and in good condition, which is why i think people who has the intention of storing large amout of bitcoin should look forward to it. Because these hardware wallets don't even cost much, as compared to if you lose your funds.

[Abbatty]

I believe people are paying more and more attention to bitcoin because it doesn’t really have any competing currency that compares to it. It is more stable than many traditional assets, and unlike individual company stocks or corporations, it doesn’t have direct competitors when it comes to reliability. That’s why people will continue investing in bitcoin as a way to preserve their money and will be willing to wait as long as necessary, especially given its historical growth. Although its growth rate changes from cycle to cycle, I still see it as a reliable and easy-to-use asset.

Aside bitcoin been a very good investment for a long period of time, it provides comfort, easy access, top security and also inequality. Bitcoin gives forum to both the rich and the poor to able to invest in, unlike other investment like Real Estate or stocks where you will need so much to begin your investment with. For as little as you have you can begin your bitcoin journey, so long you have your discretionary income.

Bitcoin have come with so much advantages over other investment, it allows you to be in control of your own investment, it gives you total control of your Asesst.

Also it provide very easy access, so long you have a smart phone or a laptop, you are very good, you can asses your assest any time you like.