How can manage my Bitcoin?

[I_Anime]

Just like in those chaotic days of youth, we have come to realize in the present time how wrong our previous chaotic life was. Once upon a time, the price of Bitcoin was very low and our digit was very high. If we had managed it without spending it chaotically, then in the present time we could have owned many dollars. But unfortunately, youth does not allow us to do that correct calculation and never allows us to live a controlled life from our chaotic life. If we observe the price of Bitcoin ten years ago and compare it with the present time, then we will clearly understand why we regret living a chaotic life in the past.

I will say most folks made those mistakes due to lack of valuable information and knowledge about bitcoin . I always use my self as an example. Back then when bitcoin price was still around four digits , I didn’t have any interest in it then . Because I saw it as some kind of ponzi scheme that’s too good to be true , why did I have such thought then ? . The answer is simple, I didn’t have any knowledge about it or understand how it worked back then. That’s why the cheat code to building something good in this space is having the right information and knowledge.

[Oshio-man]

If we had managed it without spending it chaotically, then in the present time we could have owned many dollars.

I have heard some bitcoiners story how they hold bitcoin for a long term before they decided to release them for sale that changed their lives for good, I think some new bitcoiners have learned a lot from some bitcoiners story that will make some to be bold to hold bitcoin for long years to see what they will achieve at the end, for you not to lose hope in your bitcoin, you can create another investment that will make you not to touch your bitcoin in a short time and it will help you to see the price of your choice to earn huge income from bitcoin.

[Nathrixxx]

So i really need to be guided about this Bitcoin of a thing, and how one can properly manage it without being managed or controlled by the Bitcoin.

There is nothing difficult about understanding how you could manage your Bitcoin as long as you have invested, but prior to this, you are expected to have learned about the network and understand some key features that Bitcoin offers. As a member of this forum, you will be able to engage with several discussions on Bitcoin and how you could enjoy maximum security and privacy as well.

[sunsilk]

Something worth learning early is how to manage gains, not just how to buy Bitcoin. Decide in advance what conditions would make you take some profit, and consider moving money you've already made into savings or other assets rather than putting everything back into another trade

This is not considered by many because they have decided to be long term holder but, this also has a point of until or how long they're going to hold.

At what price they'll start to sell to take those profits while continuing with the remaining that they have.

As you have planned on how much and when you'll take the profit, also be wise with planning about reinvesting it back to bitcoin.

That might sound funny of doing the two, but that's how the rich gets richer when they know how to manage their capital and profit back to the market.

[xenomorfo]

This is not considered by many because they have decided to be long term holder but, this also has a point of until or how long they're going to hold.

At what price they'll start to sell to take those profits while continuing with the remaining that they have.

As you have planned on how much and when you'll take the profit, also be wise with planning about reinvesting it back to bitcoin.

That might sound funny of doing the two, but that's how the rich gets richer when they know how to manage their capital and profit back to the market.

In reality, bitcoin is not supposed to help us get rich, that's not its purpose.
The aim is to escape the clutches of the state, which only knows how to do is punish, kidnap and imprison even good people.
see ICE in the USA for example, I'm not lying.

[Fiasem20]

So i really need to be guided about this Bitcoin of a thing, and how one can properly manage it without being managed or controlled by the Bitcoin.

There is nothing difficult about understanding how you could manage your Bitcoin as long as you have invested, but prior to this, you are expected to have learned about the network and understand some key features that Bitcoin offers. As a member of this forum, you will be able to engage with several discussions on Bitcoin and how you could enjoy maximum security and privacy as well.

Exactly,this forum will serve as a guide a beginner would follow in other for them to manage their bitcoin.Managing your bitcoin isn’t a big deal,you just have to adopt an accumulating strategy that would work for you or best suit your financial position.Bitcoin investment isn’t a competitive investment so don’t feel pressured whenever you’re investing on bitcoin and in other not to get your bitcoin stolen,it would be wise you have a separate wallet you use for other link stuff that’s related to your bitcoin.Most people’s wallet have been compromised all because they used their main wallet for a task they were recommended to on the internet by a stranger.So in my own opinion the best way to manage your bitcoin is to stay focused on bitcoin and bitcoin alone.

[Stable090]

There is nothing difficult about understanding how you could manage your Bitcoin as long as you have invested, but prior to this, you are expected to have learned about the network and understand some key features that Bitcoin offers. As a member of this forum, you will be able to engage with several discussions on Bitcoin and how you could enjoy maximum security and privacy as well.

If you are planning to invest in bitcoin, at least we are suppose to have some basic knowledge about bitcoin before we will decide to invest in bitcoin so that you will be able to properly manage your bitcoin. Some people jump into bitcoin investment without having any knowledge about it, some people do hear about people making money from bitcoin investment, and they rush into it without having proper knowledge which they are suppose to have. If you don’t have basic knowledge about bitcoin before investing, you definitely going to be making some mistake at the end, which you will regret so it’s better to have some knowledge about bitcoin.

[Iamgoat]

If we had managed it without spending it chaotically, then in the present time we could have owned many dollars.

I have heard some bitcoiners story how they hold bitcoin for a long term before they decided to release them for sale that changed their lives for good, I think some new bitcoiners have learned a lot from some bitcoiners story that will make some to be bold to hold bitcoin for long years to see what they will achieve at the end, for you not to lose hope in your bitcoin, you can create another investment that will make you not to touch your bitcoin in a short time and it will help you to see the price of your choice to earn huge income from bitcoin.

Diversification is key to sustainability. When you diversify and spread your legs across different business lines, it is easier for you to get close to success the more and for the success to be long standing. People who fail easily are those who put all their eggs in one basket. If you are not strong enough you will break the bank. I am of the opinion that if you want your bitcoin savings and investments to last, then you must plan your income and expenses, in most cases, your income for your daily expenses should come from different place as well as your income for savings or investments should come from different place too.

[Franctoshi]

Making money is one thing, and managing it is another thing.

The name Bitcoin is too large and heavy. So as a beginner, how can one properly manage his or her Bitcoin without being intoxicated in this modern and challenging era where things are happening per minute per second?

Many have made money during their startup or early days, but in a case of stupendous mismanagement or youthfulness  waxcality, the money is no longer there and nothing to write home about today.

So i really need to be guided about this Bitcoin of a thing, and how one can properly manage it without being managed or controlled by the Bitcoin.

It isn't a difficult thing to do. You firstly ask yourself what your goal with Bitcoin is, which is why you are investing/buying Bitcoin. Is it for retirement purposes? For your kids, hedge against inflation or investment for the future. Once you've known that, then you just follow it by keeping it until the number of years that you're looking at. You should have emergency funds so you don't get tempted to go touch your investment funds, thereby altering your investment plan.

[bhadz]

So i really need to be guided about this Bitcoin of a thing, and how one can properly manage it without being managed or controlled by the Bitcoin.

That is extreme if you think that Bitcoin's going to control you. But I know that it happens when an investor becomes so invested in what they have through their emotions. Train your mind that you will never be controlled by your asset, but it should be you who must control it. I hope that you won't get to the point where it is the one that controls you. It's good you ask questions on how to manage it properly but, even with so many good suggestions to you, in the end it's still your own battle to fight. Set your boundaries, invest not heavily, including your emotions, but with risk calculation and management.

[JunaidAzizi]

I can make it clearer for you so you can understand the whole picture and easily make a decision. Bitcoin operates on a simple rule, "Not your keys, not your coins." I mean the security of it, don't use any exchange wallets, as they can be hacked and can freeze your account. It's better to use non custodial wallets instead. Use a simple discipline and stick to it. Also, don't fall into the trap of FOMO, always react after analysis and do DCA . These are short and to the point suggestions I have for this brief period. I hope you can take profits from it, not fear.

[ChocolateBitcoinK]

There is nothing difficult about understanding how you could manage your Bitcoin as long as you have invested, but prior to this, you are expected to have learned about the network and understand some key features that Bitcoin offers. As a member of this forum, you will be able to engage with several discussions on Bitcoin and how you could enjoy maximum security and privacy as well.

If you are planning to invest in bitcoin, at least we are suppose to have some basic knowledge about bitcoin before we will decide to invest in bitcoin so that you will be able to properly manage your bitcoin. Some people jump into bitcoin investment without having any knowledge about it, some people do hear about people making money from bitcoin investment, and they rush into it without having proper knowledge which they are suppose to have. If you don’t have basic knowledge about bitcoin before investing, you definitely going to be making some mistake at the end, which you will regret so it’s better to have some knowledge about bitcoin.

Starting an investment without knowledge can never be the right decision, because the market moves with a lot of volatility, and to keep yourself stable in this volatility, it is mandatory for you to have sufficient knowledge about Bitcoin. Many times people do not want to understand Bitcoin very well, they only think of making short-term profits by relying on the market hype, but it is never realistic to make profits in this way, because the market volatility is such that you can never predict the market correctly, and at the same time, even if you invest for long-term purposes, you have to ignore the market volatility, you should not break down or panic, and you must have knowledge to prevent such things. And this is why research is very necessary in Bitcoin investment, because you have to survive here and survive by overcoming all obstacles.

[Mr Reporter]

I will say most folks made those mistakes due to lack of valuable information and knowledge about bitcoin . I always use my self as an example. Back then when bitcoin price was still around four digits , I didn’t have any interest in it then . Because I saw it as some kind of ponzi scheme that’s too good to be true , why did I have such thought then ? . The answer is simple, I didn’t have any knowledge about it or understand how it worked back then. That’s why the cheat code to building something good in this space is having the right information and knowledge.

Lack of information has really caused everything if you asked me, having a normal mindset of having a a different niche is on a different scale, now we talk about lack of information, my people would say “your brain go automatically label am scam to protect you.”

Let see what God will you to do for her at the first questioning…back then I had this mentality

[KingsDen]

So i really need to be guided about this Bitcoin of a thing, and how one can properly manage it without being managed or controlled by the Bitcoin.

I have read through the first few pages and it seems that many people had different understanding of what you meant by being able to manage your Bitcoin. Some people have recommended good wallet for you and how to set your Bitcoin properly, is that the definition of management in meant?

From the context of your thread, it appeared that you needed more...

You needed to know how to invest and secure your bitcoin and most importantly, how to live the life of a bitcoiner. If that is what you meant, I have this advice for you;

As much as possible, leave a modest life. Do not expose yourself on the social media or talk much about bitcoin. Your offline security as a bitcoiner is something people do not talk well about.

[EluguHcman]

Your Bitcoin is not meant to control you in the first place and in the other word, you controls your Bitcoin because it is yours and you bought it yourself and same time, gives you the opportunity to control your Private keys.

Hence, to store your Bitcoin in the safe custody, you must use the non custodial wallets that is not regulated like the CEX.
Also consider using the hardware wallet which stores your keys offline as a better choice for Bitcoin wallet storage system.

To invest in Bitcoin and remains under control of your emotions you must adapt not to always keep eyes on the studying the market trends nor be influenced by the market negative news and as well, only invest funds you can afford to risk because, because is volatile and a potential long term asset.

Don't trade with your emotions at all else, you will be ignited to take unplanned decisions.

[Loyang]

I can make it clearer for you so you can understand the whole picture and easily make a decision. Bitcoin operates on a simple rule, "Not your keys, not your coins." I mean the security of it, don't use any exchange wallets, as they can be hacked and can freeze your account. It's better to use non custodial wallets instead. Use a simple discipline and stick to it. Also, don't fall into the trap of FOMO, always react after analysis and do DCA . These are short and to the point suggestions I have for this brief period. I hope you can take profits from it, not fear.

Without acquiring knowledge, a person will never be able to hold Bitcoin for a long time or profit from Bitcoin. Because knowledge is the only resource that helps us to take the right decision, if there is no knowledge, then a person will definitely not be able to take the right decision and may face losses. Taking the right decision is the most important thing in Bitcoin investment. From the beginning of the investment, a person has to continue to gain knowledge and as long as he holds the investment, a person has to continue to gain knowledge, knowledge never ends.

If a person has knowledge, then he will definitely be able to take the right decision and be able to deal with the market decline. The only way to deal with the market decline is knowledge

[tbct_mt2]

Without acquiring knowledge, a person will never be able to hold Bitcoin for a long time or profit from Bitcoin. Because knowledge is the only resource that helps us to take the right decision, if there is no knowledge, then a person will definitely not be able to take the right decision and may face losses.

Without knowledge, if people spent money to purchase bitcoin, it's very likely a bet with hope to get rich. Without knowledge before investment, people have very weak foundation for their investment practice, even they actually think they are investing in Bitcoin. Knowledge is not too hard to gain especially in the flat world with Internet and abundant free and open access educational resources about Bitcoin.

It's only they are ready to search, find helpful educational resources and learn.
Bitcoin information and resources.
Learn me a Bitcoin.

Taking the right decision is the most important thing in Bitcoin investment. From the beginning of the investment, a person has to continue to gain knowledge and as long as he holds the investment, a person has to continue to gain knowledge, knowledge never ends.

Investment requires firstly knowledge about Bitcoin, the market, cycle history, psychological history, and strategies that are safe and profitable like Dollar Cost Averaging.

Having knowledge about these things will help investors a lot in their investment practice, to manage risk and capital better and safer, increase chance of getting profit, and minimize risk of having loss.

DCA can be used for take profit, withdrawal of profit and capital over time.
[ANN] JJG Sustainable Bitcoin Withdrawal Strategy
https://bitcoindata.science/withdrawal-strategy
[Tool] DCA Bitcoin calculator.

[Yablee0]

Mate a lot has already been said as I didn't meet up this thread earlier before now. However, some useful and helpful opinions has been made and also link's that will guide your steps is also highlighted above by other users. I will suggest you pay more attention to them as it will aid you on things needed.

In addition, it's cool you bear in mind that Bitcoin investment is not a get rich schemes that you will expect every success in just a day, quality time frame is required to make things work and that's why it's regard as a long term investment. Again, you must endeavor you invest from your discretionary funds, build up an emergency funds along side your investment so that you can be able to combat/resolve future problem when they come without thinking of resolving them from your investment holdings. Most importantly, the way or where you store your coin determine how good you can protect it. Therefore, self custodian wallet give you the direct power over your assets and that is what matters most.

[Die_empty]

So i really need to be guided about this Bitcoin of a thing, and how one can properly manage it without being managed or controlled by the Bitcoin.

That is extreme if you think that Bitcoin's going to control you. But I know that it happens when an investor becomes so invested in what they have through their emotions. Train your mind that you will never be controlled by your asset, but it should be you who must control it. I hope that you won't get to the point where it is the one that controls you. It's good you ask questions on how to manage it properly but, even with so many good suggestions to you, in the end it's still your own battle to fight. Set your boundaries, invest not heavily, including your emotions, but with risk calculation and management.

Some people could be controlled by money or assets. They could be too desperate to invest in an asset that they dont give attention to other parts of their lives. When someone can deprive himself of food or other essentials because he wants to save and invest, that's going to the extreme.

Your advice is correct. Having an investment plan based on your income is a means of controlling yourself. Money that is needed for basic needs and other emergencies shouldn't be used to buy Bitcoin. 

[sunsilk]

This is not considered by many because they have decided to be long term holder but, this also has a point of until or how long they're going to hold.

At what price they'll start to sell to take those profits while continuing with the remaining that they have.

As you have planned on how much and when you'll take the profit, also be wise with planning about reinvesting it back to bitcoin.

That might sound funny of doing the two, but that's how the rich gets richer when they know how to manage their capital and profit back to the market.

In reality, bitcoin is not supposed to help us get rich, that's not its purpose.
The aim is to escape the clutches of the state, which only knows how to do is punish, kidnap and imprison even good people.
see ICE in the USA for example, I'm not lying.

Its main purpose was to be an alternative payment method and become a peer to peer payment.

Eventually, due to its volatility in nature and for being scarce it cannot be removed that everyone has seen the potential for it to make its holders rich.

But, here's the thing. Before it's very likely that everyone who held for a long time will become rich and never sold on the former ATHs and those who have held until now and bought it on the lowest price are no doubt rich. It may not be the sole purpose in the beginning but with the changes, can't deny that it is what everyone aims right now.