Bitcoin investment is not try your luck

[Female King]

If you invest in Bitcoin for a long time, the chances of it being profitable are certainly higher, and if there is a lot less, then investors can hold on to Bitcoin for a long time with minimal risk. If a new investor invests in Bitcoin with his discretionary income, he can certainly hold on to Bitcoin for a long time with a simple plan.
 However, it is best to invest in Bitcoin weekly and you can save on the purchase price, if every investor follows this strategy, it will be easier for him to hold on for a long time and will provide a wide range of benefits.

Sometimes people don't get to know what they are investing for, bitcoin investment is a serious minded investment for those who are ready for it and not traders siniking around for a short time gain, there is always a high profile that a long time bitcoin investor will certainly make profits from there bitcoin investment if they can be patient to hold for a long time, and the only way to achieve this is by investing with their discretionary income and also make arrangements for an emergency funds, reserve and back up funds and use the dca method to gradually stack up bitcoin.

[5W-KILO]

What should we call this? Someone who is already buying Bitcoin from their monthly salary and all of a sudden after several months have passed they got sacked from their job, do you think they will be able to continue buying Bitcoin? I guess no.

It's all Grace and good luck for something to happen just the way you want it, without good luck even your most excellent plan will be destroyed, every plan is a good one until something scattered it.

With Grace and good luck, every plan and move you make can actually work out, do not look down on good luck it matters more than you are making it to sound, someone with a weak plan and good luck will have better result than someone with great plans but no good luck.

[m2017]

Bitcoin investment isn't try your luck.

You test your luck in gambling or the lottery, but not in invesments (especially in bitcoin).

Investment isn't what you should think of trying your luck

Unless it involves investments in altcoins \ shitcoins \ memecoins.

because if you have such thought in mind, it will make you not take your bitcoin investment serious and that will lead to losses due to wrong decisions.

The perception of bitcoin investments becomes serious when own money is at stake.

Investment is about building and growing that business for the future. You are not after the short term out but a long term outcome

The thing is, most people want to get rich quickly and easily.

and that will make you give yourself enough time to learn, study and know the challenges in the business to prevent you from unexpected losses.

Investing in bitcoin doesn't require an extensive amount of training or specialized knowledge, as the core principle is simply "buy low -  sell high". Furthermore, bitcoin exhibits certain recurring patterns and demonstrates predictable behavior over the long term.

The only thing required is to stay constantly informed about changes in methods for the secure storage of crypto assets - as well as about rapidly evolving legislation in various countries (which often tends to be unfavorable toward investors and owners).

Bitcoin investment is just like that. It's not what you try your luck with as if you're gambling

In fact, in the early stages, investing in bitcoin could only be described as gambling, since at that time it was unknown what kind of future awaited this asset.

because it will make you buy out of FOMO, or buy with money that's made for your upkeep believing that you will be lucky to sell before the time you will use the money.

And these are precisely the behavioral traits of gamblers. So, bitcoin still retains some common ground with gambling. Perhaps it’s the users who are looking for "easy and quick" riches?

Short term is for the smart ones but the fact is that how many of those smart traders are really smart enough to avoid losses.

I’d call them "people who enjoy tickling their own nerves and taking risks." Traders are definitely the cousins ​​of gamblers.

None of them which signifies that long term investors are the smartest.

I’d say they’re the "laziest" option, since it’s just a matter of buying and holding for a very long time - no active steps required.

Ask yourself why are you here in the crypto space, to look for short term profit (weak hands) which will end up putting you in losses in the long run or you are here to build a future for yourself through your long term bitcoin investment.

I answered this question for myself a very long time ago.

What are the challenges that will disrupt a new investor one from being a long term investor.

Lack of a long-term plan (deviation from the investment strategy).

[Supreme Donvic]

If you invest in Bitcoin for a long time, the chances of it being profitable are certainly higher, and if there is a lot less, then investors can hold on to Bitcoin for a long time with minimal risk. If a new investor invests in Bitcoin with his discretionary income, he can certainly hold on to Bitcoin for a long time with a simple plan.
 However, it is best to invest in Bitcoin weekly and you can save on the purchase price, if every investor follows this strategy, it will be easier for him to hold on for a long time and will provide a wide range of benefits.

Sometimes people don't get to know what they are investing for, bitcoin investment is a serious minded investment for those who are ready for it and not traders siniking around for a short time gain, there is always a high profile that a long time bitcoin investor will certainly make profits from there bitcoin investment if they can be patient to hold for a long time, and the only way to achieve this is by investing with their discretionary income and also make arrangements for an emergency funds, reserve and back up funds and use the dca method to gradually stack up bitcoin.

If you want to gain profit from Bitcoin I mean huge profit from Bitcoin you must be ready to accumulate constantly and then hold for a very long term, if you are a trader you will actually have some issues, because trading is actually very risky and difficult the best way is for you to invest for long term.
I agree that if you are investing in Bitcoin you need to use only your discretionary income and you need to also have emergency and reserve funds, the reasons why using your discretionary income and also having an emergency and reserve funds is so you can hold for a long term comfortably.

[Zlantann]

Sometimes people don't get to know what they are investing for, bitcoin investment is a serious minded investment for those who are ready for it and not traders siniking around for a short time gain, there is always a high profile that a long time bitcoin investor will certainly make profits from there bitcoin investment if they can be patient to hold for a long time, and the only way to achieve this is by investing with their discretionary income and also make arrangements for an emergency funds, reserve and back up funds and use the dca method to gradually stack up bitcoin.

You cannot conclude that crypto traders are not making a profit. It has been said many times on this forum that trading is risky, but this doesn't erase the fact that some people are successful traders. They have mastered the craft of taking advantage of opportunities and reducing losses. Not everybody would be a long-term investor in the crypto space. I have seen people who make a living from crypto trading.

The most popular or easygoing means of making a profit in the industry is by accumulating and hodling Bitcoin for a long time. It requires less skills and give peace of mind.

[TheUltraElite]

Many people think bitcoin is luck but its a little more than just luck or money making. There needs to be a precise planning on how to invest your money and get the returns. Merely jumping to a coin and putting money in it or hoping it becomes 100x in a couple of days will not work because investments are not like that.

The people who are making money from investing are mostly in it for the long term and not some short term stint.

Luck plays little role here because you just to time it right when buying and selling and that decision making power comes from experience which can be gained from experience.

[Jubilee58]

Bitcoin investment isn't try your luck.

Investment isn't what you should think of trying your luck because if you have such thought in mind, it will make you not take your bitcoin investment serious and that will lead to losses due to wrong decisions. Investment is about building and growing that business for the future. You are not after the short term out but a long term outcome and that will make you give yourself enough time to learn, study and know the challenges in the business to prevent you from unexpected losses.

Bitcoin investment is just like that. It's not what you try your luck with as if you're gambling because it will make you buy out of FOMO, or buy with money that's made for your upkeep believing that you will be lucky to sell before the time you will use the money. Short term is for the smart ones but the fact is that how many of those smart traders are really smart enough to avoid losses. None of them which signifies that long term investors are the smartest.

Ask yourself why are you here in the crypto space, to look for short term profit (weak hands) which will end up putting you in losses in the long run or you are here to build a future for yourself through your long term bitcoin investment.

What are the challenges that will disrupt a new investor one from being a long term investor.

Let's discuss.

It is important that you know how Bitcoin investing works before you buy Bitcoin, this will enable you to feel relaxed, and wait patiently for your Bitcoin to appreciate in price before you can eventually sell, but when you invest when you are not sure of how the investment works, you will likely be in confusion because you will be forced to monitor the market every time which will make you very emotional to your investment, and possibly sell your Bitcoin asset at the wrong time. People who invest in the Bitcoin market with the mind of trying their luck don't know how the market works, and they are likely to take a wrong decision as time goes on.

[HajiBagi]

This those beginner that think everything bitcoin is about bitcoin, there are many people with that kind of mindset, they think bitcoin is about luck and when they buy now the price will increase and sell later with high price and make a good profit, some beginners think that investing in bitcoin is like gambling that they can’t not predict it but they are sure that they can get a profit from it, no one can predict bitcoin but that doesn’t mean that it is the same thing as gambling, they are far different.

Anyone who that mindset will sell his bitcoin whenever the price rise, they are also the kind of people that sell their bitcoin when the market crashes, because they will not want to lose the profit they will make, before investing in bitcoin, every individual should know that bitcoin is a long term investment before investing in it because if you don’t know all those things it will affect you when you are holding.

[Ishicryptic]

"Try your luck" in the crypto market is when you're putting your money into hyped shitcoins, if you do it means that you're gambling your funds and the chances of making profit is very low compared to the wide margin of losing your capital. Bitcoin is different, it's marketcap has shown that it is valuable asset which has a lot of potentials to recover after dip and reach ATH no other cryptocurrency has such ability to recover and reach peak price. Don't waste your money to do DCA accumulation on an investment that you think getting profit depends on you being lucky, you should DYOR first to determine if the investment is worth putting your money into, Bitcoin has proven that it is a store of value.

[Antotena]

Sometimes people don't get to know what they are investing for, bitcoin investment is a serious minded investment for those who are ready for it and not traders siniking around for a short time gain, there is always a high profile that a long time bitcoin investor will certainly make profits from there bitcoin investment if they can be patient to hold for a long time, and the only way to achieve this is by investing with their discretionary income and also make arrangements for an emergency funds, reserve and back up funds and use the dca method to gradually stack up bitcoin.

I'm not sure if some people are still having this kind of retarded mindset towards Bitcoin as investment. Most of them that don't do basic thinking when it comes to Bitcoin has left. They are in to altcoins buying coins that will add nothing to their portfolio. If you spend at least a bull run in the market and observe how the market is moving, you will be thrilled to keep Bitcoin for long term, avoid borrow money for investment and know how valuable Bitcoin will be in the future.

[Mansoveh]

Bitcoin investment isn't try your luck.

Investment isn't what you should think of trying your luck because if you have such thought in mind, it will make you not take your bitcoin investment serious and that will lead to losses due to wrong decisions. Investment is about building and growing that business for the future. You are not after the short term out but a long term outcome and that will make you give yourself enough time to learn, study and know the challenges in the business to prevent you from unexpected losses.

Bitcoin investment is just like that. It's not what you try your luck with as if you're gambling because it will make you buy out of FOMO, or buy with money that's made for your upkeep believing that you will be lucky to sell before the time you will use the money. Short term is for the smart ones but the fact is that how many of those smart traders are really smart enough to avoid losses. None of them which signifies that long term investors are the smartest.

Ask yourself why are you here in the crypto space, to look for short term profit (weak hands) which will end up putting you in losses in the long run or you are here to build a future for yourself through your long term bitcoin investment.

What are the challenges that will disrupt a new investor one from being a long term investor.

Let's discuss.

From my own understanding, trading is where an individual can try their luck, and it’s different from long term investment where people hold for years and hoping for the value increase. Trading requires time to jump into the market for a quick profit, while long term investment requires patience, do your own research and it also comes with a less stressful.

Bitcoin investment is beyond trying your luck. If it has to be about trying our best, then most everyone will be after quick money in Bitcoin. the most important thing is to know which is better before investing.

[Silikiem]

The mindset of trying luck In bitcoin investment means that they’re still skeptical about the long term prospects and potential of bitcoin. Over the years bitcoin has proven to become one of the most valuable assets with long term potential and it’s no longer news that it has rewarded long term holders more. Those who seek quick profit from bitcoin are usually the ones who will want to try their luck in trading because bitcoin investment is beyond just trying mere luck. Success in bitcoin requires long term mindset, risk management, consistency and patience.

[tbct_mt2]

Is true that meme coin or shitcoin might have changed some folks lives with some 1000x , but that doesn't change the fact that it has ruined more lives too . Just like gambling, thats why trading memecoins falls under gambling category . I'm speaking from experience too , I've involved in meme coin . And it cost me some good resources that's why I stick  with peace of mind which is Bitcoin.

If some coins from infrastructural blockchains fail because of there are very limited users on their altcoin blockchains, it's impossible for most of meme tokens to have users in long term. People mostly join meme token hypes because they think that it is a good opportunity for life-changing bet but bet itself is risky. Meme tokens don't have their own infrastructural blockchains, and have to parasite on other altcoin blockchains.

Such projects, if you actually want to say there are things like meme token projects, have lowest chance of success in blockchain and cryptocurrency industry.

Meme Coins: The Good, The Bad, and The Ugly. I don't change the title but meme coins are not accurate about these cryptocurrencies, they are meme tokens.
Definition of tokens.

[Rengga Jati]

I agree that the biggest challenge for new investors is usually not Bitcoin itself, but mindset and discipline.

Mindset and discipline are related to the mentality and the insight of the individual on Bitcoin. I think someone will have a better mentality and mindset if he/she has sufficient knowledge about Bitcoin.

FOMO, panic selling, using money that may be needed soon, and constantly chasing short-term moves can easily destroy a long-term plan. In my opinion, the strongest investors are the ones who understand what they are buying, manage risk, stay patient, and avoid making emotional decisions every time the market moves.

Those people who do it, they don't understand Bitcoin investment. People who understand it well, they must use safe money. So, they won't have a problem with their emotional because they won't be afraid with their capital for Bitcoin. Sure, Bitcoin is for a long term holding, it isn't for a short term. People need to have strong trust in Bitcoin if they want to succeed for holding a long time.

At the end of the day, long-term success is usually less about predicting every move and more about surviving the market long enough to benefit from the right ones.

Knowledge and mentality are 2 main factors to succeed for holding a long term. People won't survive to hold a long time without those matters.

[bitLeap]

Bitcoin investment is just like that. It's not what you try your luck with as if you're gambling because it will make you buy out of FOMO, or buy with money that's made for your upkeep believing that you will be lucky to sell before the time you will use the money. Short term is for the smart ones but the fact is that how many of those smart traders are really smart enough to avoid losses. None of them which signifies that long term investors are the smartest.

Believe it or not at the beginning of the emergence of bitcoin many people are just trying their luck without knowing what the future will be like, if you look back at the old investor stories some are just trying their luck. In contrast to now the growth is stronger, clearer and proven as a store of value.

[Mate2237]

Investment isn't what you should think of trying your luck because if you have such thought in mind, it will make you not take your bitcoin investment serious and that will lead to losses due to wrong decisions.

Bitcoin investment doesn't involve luck in any way, a lot of people don't seem to understand that they only get the results based off the input they make and not by how lucky they are. But the problem or you can say that the main reason why people have such an idea is basically because they don't have consise knowledge of what bitcoin and the crypto market generally is all about.

Investment is about building and growing that business for the future. You are not after the short term out but a long term outcome and that will make you give yourself enough time to learn, study and know the challenges in the business to prevent you from unexpected losses.

Good point, Even though it's still an option to go for short term investments doesn't really mean that it is the best choice. To gain significant results from bitcoin it is important for every investor to understand this can only be achieved through investing for a long term.

What are the challenges that will disrupt a new investor one from being a long term investor.

One major challenge for new investors is how they respond during the dip, for most of them they tend to panic at that point forgetting that they have to keep holding. The problem with such investors is that they keep on checking the price of bitcoin, this is what makes them moved to sell their coins.

[suzanne5223]

I agree with you when you sid Bitcoin investment isn't trying your luck due to how some people are treating Bitcoin like a lottery ticket, which literally triggers their loss of money despite the potential and the benefit presented by BTC.

The biggest challenges for most BTC investors trying to hold for the long-term are usually the use of funds they can't afford to invest for the longterm, their emotional reactions FOMO ( either through panic selling or can’t handle/dont understand to use the volatility to make the best out of their BTC investment), unrealistic multiplier expectations, and believing in the constant influencer noise that is purposely meant to manipulate the market

[Cgrexp]

Many people think bitcoin is luck but its a little more than just luck or money making. There needs to be a precise planning on how to invest your money and get the returns. Merely jumping to a coin and putting money in it or hoping it becomes 100x in a couple of days will not work because investments are not like that.

The people who are making money from investing are mostly in it for the long term and not some short term stint.

Luck plays little role here because you just to time it right when buying and selling and that decision making power comes from experience which can be gained from experience.

It is wrong to view investing in Bitcoin as just a game of chance. Similarly it is not realistic to think of it as an easy way to make money for sure. experience does not mean sure knowledge of the future. The biggest mistake is to enter the market with the mindset of getting rich overnight. A conscious investor tries to increase his knowledge. He considers the potential profit of an investment as well as the potential loss. And if necessary, he can also decide not to invest. True prudence is not limited to making a profit. It also lies in making prudent decisions by protecting his capital from unreasonable risks.

[SOKO-DEKE]

What should we call this? Someone who is already buying Bitcoin from their monthly salary and all of a sudden after several months have passed they got sacked from their job, do you think they will be able to continue buying Bitcoin? I guess no.

It's all Grace and good luck for something to happen just the way you want it, without good luck even your most excellent plan will be destroyed, every plan is a good one until something scattered it.

With Grace and good luck, every plan and move you make can actually work out, do not look down on good luck it matters more than you are making it to sound, someone with a weak plan and good luck will have better result than someone with great plans but no good luck.

I don't think OP is really going against luck in life because OP also understands that luck is part of life and can help some people achieve their aims. However, fully relying on luck is unlikely to help someone achieve their goals.What OP is saying is that people should not think Bitcoin is all about luck or invest in it with the mindset that success depends entirely on luck, just like gambling. For instance, when someone wants to gamble, they believe their chances of winning depend on luck. However, Bitcoin investment is different from gambling because it involves a different approach to risk and long-term investing.Historically, Bitcoin has shown that someone who can hold it for a long period may have a higher probability of making a profit, although there is no guarantee of success and the possibility of losing money remains but that is when someone did not follow the procedures.

If someone starts investing in Bitcoin with the mindset that profitability depends entirely on luck, they may be afraid to invest a reasonable amount because of that fear. I think that is the wrong way to approach Bitcoin investment.In fact, when something is called an investment, it should not be viewed as purely a game of luck. Instead, there should be a well thought out strategy and an understanding of the risks involved. Although no investment guarantees success, but when follow right steps the chances of success is always really high

[Gost ms]

Many people think bitcoin is luck but its a little more than just luck or money making. There needs to be a precise planning on how to invest your money and get the returns. Merely jumping to a coin and putting money in it or hoping it becomes 100x in a couple of days will not work because investments are not like that.

The people who are making money from investing are mostly in it for the long term and not some short term stint.

Luck plays little role here because you just to time it right when buying and selling and that decision making power comes from experience which can be gained from experience.

It is wrong to view investing in Bitcoin as just a game of chance. Similarly it is not realistic to think of it as an easy way to make money for sure. experience does not mean sure knowledge of the future. The biggest mistake is to enter the market with the mindset of getting rich overnight. A conscious investor tries to increase his knowledge. He considers the potential profit of an investment as well as the potential loss. And if necessary, he can also decide not to invest. True prudence is not limited to making a profit. It also lies in making prudent decisions by protecting his capital from unreasonable risks.

A person who invests or buys Bitcoin only considering it as a game of luck has definitely become involved in gambling. Because a person who thinks so does not have knowledge about Bitcoin, if he had knowledge about Bitcoin, he would never have thought so. Because there are several reasons for the increase in the value of Bitcoin. Such as

Financial security.
The convenience of transactions without the intervention of a third party.
Financial freedom.
Fast international transactions.
Etc.

There are many such reasons for the increase in the demand for Bitcoin among everyone. So if a person gains some knowledge about Bitcoin, then he can definitely free himself from this idea.