Bitcoin investment is not try your luck

[Faisal2202]

Even though I agree with you my friend, I still think that what makes a person a good Bitcoiner is holding some of it. Even if a person decides to become a trader, he should always hold some of his stash in a wallet because doing that is saving money and at the same time helping Bitcoin in creating scarcity which is needed to make Bitcoin more valuable. Don't also forget that trading comes with some measure of risk such that can make someone lose everything... if such thing happens, what is held in the wallet can just be what will save the person.

I can't agree more with you, because scarcity has been dragged into these discussions before, but I believe it is not really something we should depend on or worry about. Because at an individual level, a person's holdings won't make any measurable impact on the total supply dynamics.

It's a macro effect from millions of people, therefore I don't believe it's a reason for any single holder to feel like they must hold some.

They hold because if they lose all of it in trading, then their holdings can save them, and this line is really the most realistic thing to say. So I can't agree more on this.

[Alonso_]

The hardest part for a new investor is usually staying patient when the market turns ugly. Buying is easy, but holding through big drops without panic or FOMO takes discipline.For me, long-term investing only works if you’re using money you won’t need soon and you already accepted the volatility before buying.

I haven’t really heard anyone is investing in bitcoin as a try your luck investment, I feel staying patience is part of investing in bitcoin because you’re meant to be investing in bitcoin for the purpose of long term holding,    considering that you know what you’re doing with your bitcoin investments, you wouldn’t have any reason to panic when their is a downturn in the market, what you’re expected to do as an investor is continue and keep buying bitcoin regularly, if you’re buying bitcoin consistently I don’t believe you will have FOMO, instead you will see volatility and market fluctuations as an opportunity to keep stacking up more bitcoin into your portfolio, I don’t have any reason to be afraid of anything happening with bitcoin when I’m investing with my discretionary money, I have nothing to worry about.

[Nwada001]

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

Let's discuss.

The problem is not far from money and determination. When someone starts investing and they are working, earning a good amount enough to sustain themselves and their family and still be left with the ones to put into savings, such financial conditions, they can hold their investment for a long time.

That same person, if they lose their job and there is no other place for which money is coming from, tries hard to set up something, and there is no positive change, they will be left with no other options than to sell off their holdings and settle pressing expenses.

[Bit-Mj1014]

People that think of Bitcoin as  try your luck, are either traders or they where introduced to Bitcoin by a trader, especially if said person is in need of quick money that way it would be easy convince them of which in the end they learn the hard way, most times I think its better to tell people to look at Bitcoin as a way of saving, because most of them don't keep money for investment, save a particular amount in your Bitcoin wallet every month for 5years, that's like DCA, the word saving makes it sound safe to people, believe it or not investment makes it sound like gambling to some people.

[Ever-young]

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’m here for soo many reasons that are not even listed here. I have, thought, looked for strategies, and have decided to settle for bitcoin after having the knowledge about its pros and cons.
My numerous reasons aside, let’s talk about investment. The idea of holding for short term is not investment, even if we should put bitcoin aside, what investment do you even think will give you quick and legit money?

Giving this crypto space a chance and expecting that by the next morning, there will be a rise and you’ll just sell off then there’s no difference between you and a gambler.
So personally, it’s long term or nothing.

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

Let's discuss.

The only reason is lack of knowledge, information, awareness and patience. Whatsoever you want to think of again will still be in alignment with what i just listed.
Because if you’re really informed you should know it’s a longterm deal, and if an individual is fully informed, the only factor can be impatience.

So the idea of trying your luck doesn’t work with bitcoin.

[Hamza2424]

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.

Nah bro, you are not right. How can you say short-term profit makers are weak hands? They are the ones who sell in panic and buy in FOMO, and they always decide when their emotions completely take over their minds, so they don't think straight.

Everyone is here to build a future, and no one wants that to start with Bitcoin. Trading can give someone a good future only if they choose to do it the right way. They have to learn the basics before advancing.

But these days, everyone wants automation and AI-suggested trades for free hahaha. They don't want to use their minds for analysis either. Most of these are people who have bought signals from paid groups, and they are not used to understanding anything about the market or even learning.

[LUCKMCFLY]

Everyone has their own way of thinking about economics, some based on books, others on what they read in forums and articles, and they form and shape their opinions. But that's not all that helps; the current economic situation is also crucial. It's known that the traditional economy has many flaws that cause it to collapse. This isn't the case with Bitcoin. Bitcoin isn't about saving; it's a combination that, if done properly, can be seen as: Savings + Investment. Many think it's just saving, but it's superior because saving is leaving money idle, while with Bitcoin, it moves.

That's why it needs to be fed; there are many methods of accumulation, the most well-known and favored by many being DCA, but in essence, all investment should be long-term, and if you want to obtain profits, you must do so, but in the long term; it's the best option. So it's not just luck; here it's about knowing what you want to achieve. Some invested in BTC by luck, and today they are millionaires; now that's luck.

[laijsica]

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

Let's discuss.

There are many obstacles for new Bitcoin investors. One of these obstacles is not being psychologically stable. New investors have limited knowledge about Bitcoin. They think that Bitcoin is a way to get rich and they may become rich in a short time but their idea is not correct.

Even if a new investor has extra funds, they delay their decision. This indecisiveness is a barrier to Bitcoin investment.

The low price of shitcoins influences newbies to be greedy because they want to get rich quickly by imitating traders. This is a barrier for newbies in long term Bitcoin investment. Since they lack patience, they want to become traders but long term Bitcoin investment was the best strategy for them.

Therefore to maintain the best position in investment, you need to seriously consider being patient and deposit Bitcoin regularly. Risky decision like trading increase the chances of loss.

[SPIDERMAN008]

People that think of Bitcoin as  try your luck, are either traders or they where introduced to Bitcoin by a trader, especially if said person is in need of quick money that way it would be easy convince them of which in the end they learn the hard way, most times I think its better to tell people to look at Bitcoin as a way of saving, because most of them don't keep money for investment, save a particular amount in your Bitcoin wallet every month for 5years, that's like DCA, the word saving makes it sound safe to people, believe it or not investment makes it sound like gambling to some people.

You are right. There are many who know about bitcoin and are motivated by hearing profit stories. However I think that when introducing bitcoin to someone do not use any savings or banking related language. Because bitcoin is different from all types of banking systems, including fiat currency. Bitcoin is a digital safe asset for long term accumulation. So we should believe in it and clearly express that it is not like a fiat savings account.

And people use savings in fiat currency. There is no price volatility. If you keep it long term some percentage may increase for interest but if you hold fiat currency thinking about inflation its value decreases. But bitcoin is different from all these. So you have to keep the mindset of long term holding. And you have to easily accept the natural volatility of bitcoin and continue accumulation. Only then does the possibility of making long term profit increase.

[Solokan]

Investing in BTC isn't just for fun, and it's certainly a serious undertaking. It's a shame if you don't take it seriously, as hard-earned money can be lost or suffer significant losses. So, investing in BTC must be taken seriously. Essentially, investing in BTC requires using funds that are supposed to be used to buy BTC. Indeed, many people lose money buying or investing in BTC because they use the wrong money.

In my opinion, there are many challenges facing new investors who ultimately don't become long-term investors. These include being satisfied with small profits when the BTC price rises, not understanding the BTC cycle, and not having the mental fortitude to sell when the BTC price drops.

[salad daging]

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.

Planning for investment is very important, because if it is just a random investment then the future will be messy, we must arrange as best as possible our financial management, such as monthly income is still there, how much is set aside for investment and long-term goals how long it takes.

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

Example bitcoin long-term investment is better, people hunt short-term to make money then it memecoin, 10:100 comparison of its profits, the rest of it they experience losses.

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.

Still, the skill of reading charts and techniques is far more valuable than luck.

[Humblevirus]

Bitcoin investment isn't try your luck.

At this current stage of Bitcoin, considering how it has proven itself over the years, only those who have not taken the time to learn and understand what Bitcoin is all about would think that its success depends on luck.Anyone who wants to invest in Bitcoin but thinks it is all about trying their luck should go back and do more research to understand Bitcoin better.

I would say that, in Bitcoin early stages, those who bought and held it might have had reasons to believe that their success depended on luck because, at that time, Bitcoin had not gained much adoption. Only those who were willing to take the risk were buying and holding Bitcoin, and what they were doing could be seen as trying their luck.However, at this moment, Bitcoin is completely different from a Ponzi scheme or gambling, where success depends largely on luck. Bitcoin has continued to provide evidence of its potential value as an investment.

[Iamgoat]

The problem is not far from money and determination. When someone starts investing and they are working, earning a good amount enough to sustain themselves and their family and still be left with the ones to put into savings, such financial conditions, they can hold their investment for a long time.

That same person, if they lose their job and there is no other place for which money is coming from, tries hard to set up something, and there is no positive change, they will be left with no other options than to sell off their holdings and settle pressing expenses.

This is one of the most honest overviews into what makes people stay in long term investments or break off their investments despite coming into it with the most optimistic mindset.  Because it all starts from ones genuine intentions and commitment, from there the next thing is whether the person has the money and also willing to commit the money to the investment and lastly is how long the person can afford to keep their investments going despite facing inflation here and there among other personal financial constraints which are unforeseen lost of job and other factors hindering financial stability or independence.

[dezoel]

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.

There are great traders who make a lot of profit, there is no doubt about that. But there are more people who lose money; that part is guaranteed truth.

I understand that you may think that it is not the same, but the reality is that 70%+ of people who trade end up losing money, and that means only a smaller per cent makes a profit, and an even smaller per cent make a living out of it, and a very small fraction get super wealthy doing this. I would say maybe 1% of people get wealthy doing this, while 70%+ lose it all.

[Lemonmate]

There are great traders who make a lot of profit, there is no doubt about that. But there are more people who lose money; that part is guaranteed truth.

I understand that you may think that it is not the same, but the reality is that 70%+ of people who trade end up losing money, and that means only a smaller per cent makes a profit, and an even smaller per cent make a living out of it, and a very small fraction get super wealthy doing this. I would say maybe 1% of people get wealthy doing this, while 70%+ lose it all.

Interesting stat, although I think trading stats can be overly black and white. Just because you lost money does not necessarily mean you blew up your account. Just because you are not making a living off of it does not necessarily mean you are not making money.
Consistent performance in trading is hard to reach, though, especially for beginners competing with more experienced traders, so I would be a little hesitant to suggest trading to beginners. For many, Bitcoin saving can be more realistic goal in the long term. That being said, Bitcoin saving over long term is not exactly easy either and requires both patience and loss tolerance.

[Olatundespo]

Investing in BTC isn't just for fun, and it's certainly a serious undertaking. It's a shame if you don't take it seriously, as hard-earned money can be lost or suffer significant losses. So, investing in BTC must be taken seriously. Essentially, investing in BTC requires using funds that are supposed to be used to buy BTC. Indeed, many people lose money buying or investing in BTC because they use the wrong money.

In my opinion, there are many challenges facing new investors who ultimately don't become long-term investors. These include being satisfied with small profits when the BTC price rises, not understanding the BTC cycle, and not having the mental fortitude to sell when the BTC price drops.

Of course, Bitcoin investment should be a serious undertaking because it involves profit and loss. Bitcoin involves greed, so some want to get huge profits in a short time. Some are satisfied with small profits due to the rapid price fluctuations, but they are not in a situation to reach a financially sustainable position. They are exposed to trading risks, which means that the desire to get quick profits and their chances of losing money are also high.

New investors have various obstacles at the beginning of their investment, such as the desire to get quick profits and lack of confidence. In Bitcoin investment, you need discretionary income. If you have a source of income, then it will generate discretionary income from there. If there is no pressure to make quick profits, it will be easier for you to continue Bitcoin regularly. The determination not to panic sell if the price suddenly drops will assist you get high profits in the future. Be patient and you will be able to reach the Bitcoin overaccumulation stage.

[SamReomo]

There are great traders who make a lot of profit, there is no doubt about that. But there are more people who lose money; that part is guaranteed truth.

Trading isn't for everyone because majority of people lose money in trading instead of making anything. But, those who are good at trading make money out of it again and again. They understand the markets and they know when to open a trade and when to close a trader. A good trader often makes his own strategy to have high winning rate, and they keep such strategy as secret. I have been following a good strategy that has helped me a lot when it comes to profitable trading but strategy won't be any useful without descpline.

[fredericktaylor]

The problem is not far from money and determination. When someone starts investing and they are working, earning a good amount enough to sustain themselves and their family and still be left with the ones to put into savings, such financial conditions, they can hold their investment for a long time.

That same person, if they lose their job and there is no other place for which money is coming from, tries hard to set up something, and there is no positive change, they will be left with no other options than to sell off their holdings and settle pressing expenses.

This is one of the most honest overviews into what makes people stay in long term investments or break off their investments despite coming into it with the most optimistic mindset.  Because it all starts from ones genuine intentions and commitment, from there the next thing is whether the person has the money and also willing to commit the money to the investment and lastly is how long the person can afford to keep their investments going despite facing inflation here and there among other personal financial constraints which are unforeseen lost of job and other factors hindering financial stability or independence.

To manage long-term investments consistently and patiently hold investments for a long time, the first thing that an investor needs to adopt is that a person must have specific knowledge about where he is investing his money. Not only can he see the benefits of investment, he must also be aware of the risks of investment and take risk management.

I think that in order for an investor to invest in Bitcoin for a long time with confidence, he must maintain his knowledge, long-term mindset, and invest within his ability. He will not take excessive risks. He will invest with specific knowledge about the existence of the market. As a result, the investor will be able to buy Bitcoin with confidence and hold it for a long time. He will not be disappointed quickly and will not give up halfway.

[Gravitypull$]

Bitcoin investment isn't try your luck.

Doing anything in life always needs luck, and investment is not an exception. You need luckiness to get profit with your investment and no black swan event that causes loss for your investment.

Bitcoin since 2009 has had very strong growth in development, growth, and adoption so that its price has had very high ROI in many annual ROIs or in cyclical ROIs or in general ROI since Bitcoin market began in October 2009. However it does not like Bitcoin investment is risk free, and if there are risk factors, you will need luck for your investment.

It's something of chance that needs luck and not an investment that is a long term store of value. If you think that luck is needed then, use all your money to buy bitcoin including money for your basic needs let's see if you will be able to hodli. That's the message that I'm passing on. As long as you are a bitcoin investor and you don't sell when the price dips, no matter the black swan event, bitcoin price will only be affected temporarily and the price will bounce back.

[danieldavidd]

Before investing on any kind of investment make you're research on it and know more about it before looking forward to invest on when you make research about how and why bitcoin is being created and how it works you will understand that investing on bitcoin is not game and mistakes that alot of investor make they're investing on bitcoin with the mindset of becoming rich overnight but it takes patient time to multiply gradually. So is not about luck is about strategy and investing on the capacity that you have.