Bitcoin investment is not try your luck

[Bitcoin_people]

Bitcoin should never be a decision to test luck, but if you invest in Bitcoin, you will definitely get profit from it in the future. When investing in Bitcoin, you should never make short-term plans, but rather collect Bitcoin according to a long-term plan. Bitcoin investment is never a wrong decision, but investing based on experience and skills and holding them for a long time is wise. We know that gambling and trading can often be profitable depending on luck, but in the case of investment, it does not depend on luck at all. Rather, the only success you will see in investing is the one who can hold it for a long time, and investment is not luck, but through your financial position and retention and patience. A new investor always has feelings and emotions from within himself that prevent him from investing in long-term. When the situation in the market goes bad, new investors cannot control their emotions, due to which they face losses. So I think it is possible to always control yourself and be patient in investing, hold it according to a long-term plan, only then can you achieve profit.

[ruykeri]

I think one of the biggest challenges for new investors is staying calm when the market drops. Many people understand the idea of long-term investing, but panic when they see their portfolio losing value. Having a clear plan, investing only what you can afford to lose and avoiding emotional decisions can make a big difference.

I think If you have a good knowledge about bitcoin and how to manage your bitcoin for a long term, you’ll not have to panic when their is a downturn in the market, before going into investing in bitcoin you should understand that their is volatility with bitcoin, and volatility also presents different opportunities for investors who are investing in bitcoin, when you can buy and accumulate during a downturn and when their is a bull run you end up having profits when you’re accumulating regularly, so having a basic understanding about bitcoin is very important and essential before going into bitcoin so you don’t panic and sell when their is a downturn.

It is not always right to think that a person will not panic during a market downturn when investing in bitcoin just by having knowledge. Even if a person has a lot of knowledge about bitcoin, if his financial condition is not strong, then it becomes difficult for that person to remain mentally calm when the price fluctuates in the market. For this reason, along with proper knowledge, one should invest with discretionary income and give importance to strengthening the backup fund. Then his financial stress is likely to be relatively less during a market downturn. Therefore, there is a big difference between having knowledge about bitcoin and the process of keeping oneself calm when the price in the market is falling. If the backup fund is strong, then if the price of bitcoin falls, it can be considered as a potential opportunity for accumulation. But for those who do not have proper fund management, it is difficult to remain mentally stable.

[drangos]

A problem that new investors face is that they have a plan in place, but do not follow it when the market is down. Some may think there is a long-term bull market ahead for Bitcoin, but panic sell following a steep decline, or purchase too much in a bid to avoid FOMO. An emergency fund, a set budget, and a knowledge of risk should all be part of a realistic investment plan. But, holding on for years does not necessarily mean a profit, patience is to be coupled with risk management. The true challenge is, if you are going to follow your plan, are you going to risk money that you need for your living expenses?

[Bitcoin.com97]

If people sees Bitcoin investment as a place to try out their luck ,that is where they usually missed it , because with such mindset they can easily panic at any downtime for Bitcoin,which leads to trading ,selling when it's not right .

Bitcoin investment is usually for long term, and it's always advisable to use discretionary income to invest possible weekly or monthly, depending on how the money comes, it's more of saving for the future, and having the long term goals helps in getting higher chances when it comes to profit making ,so determination and patience is the principal rules to guide one to that point , so Bitcoin should not been seen a place to get rich quick or to try out luck .

[Pandorak]

If people sees Bitcoin investment as a place to try out their luck ,that is where they usually missed it , because with such mindset they can easily panic at any downtime for Bitcoin,which leads to trading ,selling when it's not right .

When it comes to profits, who wouldn’t want to profit from a Bitcoin investment, everyone does. However, there’s often a misconception, people want to invest but don’t have a proper plan or perhaps no plan at all and simply focus on buying, hoping the price will rise quickly so they can sell at a full profit. In this case, there will always be people who are just trying their luck.

Bitcoin investment is usually for long term, and it's always advisable to use discretionary income to invest possible weekly or monthly, depending on how the money comes, it's more of saving for the future, and having the long term goals helps in getting higher chances when it comes to profit making ,so determination and patience is the principal rules to guide one to that point , so Bitcoin should not been seen a place to get rich quick or to try out luck .

You’ve explained it very well. Perhaps i add that as you build your Bitcoin investment, you should also expand your knowledge of Bitcoin itself, that way, you gain even more confidence in holding onto it. After all, it would be ridiculous not to fully understand the asset you’re investing in .

[YOSHIE]

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

It is not easy to maintain as a new investor to invest in Bitcoin long term, there are many challenges and obstacles that new investors have to face, when new investors find it difficult to face extreme volatility, psychological pressure, lack of technical understanding and difficult to overcome panic when the price of Bitcoin plummets, that's when it's difficult for new investors to accept the reality so they can't stand for long-term investment.

In my assessment to become a long-term Bitcoin investor, the main things that must be considered are mental resilience and a strong technical understanding, these are important to overcome the points as I stated above, By having mental resilience and a strong technical understanding I am sure new investors will be calm and focused on the long term.

[Ab de villiers]

Bitcoin should never be a decision to test luck, but if you invest in Bitcoin, you will definitely get profit from it in the future. When investing in Bitcoin, you should never make short-term plans, but rather collect Bitcoin according to a long-term plan. Bitcoin investment is never a wrong decision, but investing based on experience and skills and holding them for a long time is wise. We know that gambling and trading can often be profitable depending on luck, but in the case of investment, it does not depend on luck at all. Rather, the only success you will see in investing is the one who can hold it for a long time, and investment is not luck, but through your financial position and retention and patience. A new investor always has feelings and emotions from within himself that prevent him from investing in long-term. When the situation in the market goes bad, new investors cannot control their emotions, due to which they face losses. So I think it is possible to always control yourself and be patient in investing, hold it according to a long-term plan, only then can you achieve profit.

I agreed with you because Bitcoin in the long term is always one of the best options to invest in and have profit. Never thought to do this in the short term. Always be on the risk, which has never been easy to recover from. People need to understand and have enough knowledge before investing in this, it's a good way of staying on a good level for the long term.

It depends on a strong and good strategy with a good source of earnings, which also helps investors to never feel panic. Emotions always play an important role in investment, especially when an investor is having a strategy to stay a long time with his investment because the market always feels pressure and things have also never been on the same level. Sometimes they feel panic, and vibes have also never been positive. Just because of this, staying emotionless and never feeling panic helps to have good profit.

[Youngrebel]

I agreed with you because Bitcoin in the long term is always one of the best options to invest in and have profit. Never thought to do this in the short term. Always be on the risk, which has never been easy to recover from. People need to understand and have enough knowledge before investing in this, it's a good way of staying on a good level for the long term.

It depends on a strong and good strategy with a good source of earnings, which also helps investors to never feel panic. Emotions always play an important role in investment, especially when an investor is having a strategy to stay a long time with his investment because the market always feels pressure and things have also never been on the same level. Sometimes they feel panic, and vibes have also never been positive. Just because of this, staying emotionless and never feeling panic helps to have good profit.

When you have and solid strategy and a stable source of income makes a big difference agreed, mostly when investing in Bitcoin and when u invests the money you cannot afford to lose, you just created a big problem for yourself because when the market drops or can create panic and push u into selling at at it will be at your loss and I don’t think long term investment automatically guarantees profit because Bitcoin is still volatile and nobody knows what the price will be in the future i always say and I fell like the main thing is to understand the risks, invest gradually and if possible, avoid making decisions based on emotions.

[Ryu_Ar1]

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.

I don't want to deny but I come from here where when I was in bitcoin because it was fomo and proved that my previous choice which was more pro to fiat was wrong so being in bitcoin did not come entirely from my desire to see bitcoin as a viable thing but wanted to change into an opponent of fiat that I had believed before.

But as time goes by and the longer we stay in bitcoin this view changes a bit so I feel it doesn't matter when I come from fomo or whatever it is the most important thing here is the seriousness once we decide to be in bitcoin.
Sometimes being fomo (in the initial phase) does not make it bad when we are serious in carrying out a role, especially serious in trying investments made but what is wrong is when we only see bitcoin as a thing that will look profitable and participate in fomo but do not want to learn after we are in bitcoin which sometimes becomes one of the things that makes our belief is still very weak to be in the long term because our mentality and belief in bitcoin does not really exist because we do not learn how to invest how bitcoin works.

[SamReomo]

but the big question is this, does a trader develop a new strategy anytime he wants to trade for him to remain in profit or for each market there is a particular strategy that one has to know before they can be profitable because there are people who hardly make profit in trading I want to know if they don't know those strategies because it seems you don't lose in your trade.

Well, I personally think it is important to understand the market and to make a proper strategy after reading the market properly to have profitable trades.

There are many good strategies which one can pick but one has to modify parameters of the strategies to make those work for them.

In trading majority lose money only a few ones who are good at it make profit from it, the percentage of profitable traders might be below 10% out of 100% if I'm not wrong.

So in order to be profitable in trading one has to understand the market and to follow a working strategy.