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    Author Topic: How much effort should one put into Bitcoin investments  (Read 646 times)

    • DevilSlayer
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    April 13, 2023, 02:45:57 AM
     #81
    It takes only 1 effort to put the work in a particular investment and for me it is all about having a DESIRE to become financially free, people will not start making investments if they do not have the urge what other people called as desire because it is really the starting point of any achievement. I really became interested on investments especially on bitcoin investment when I found out the rewards that I can get if I put money on that specific investment. This is where my desires kicked in, it helps me to have motivation regarding how to become a financially free. Once you finally have the desires, it will eventually help you to achieve your goal and achieve financial freedom but you should still put a effort even a little bit. For example you want to enhance your skills as a trader then you should put an effort that will help you to have a trading skill that will help you to get better performance. This effort could be reading trading books, watching a lot of trading videos, applying for some trading courses or  reading past studies about trading.

  • Twentyonepaylots
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    April 13, 2023, 12:48:02 PM
     #82
    Quote from: laurenB7742 on April 12, 2023, 05:26:04 AM
    Quote from: AmoreJaz on April 11, 2023, 09:40:20 PM
    Quote from: Furious 7 on April 11, 2023, 06:45:27 PM
    We have to realize that bitcoin is not something that really makes us rich instantly and of course being here the risk is clearly big enough so you can't just be sure if you don't understand how bitcoin works.
    But when we are sure about bitcoin I think no matter how much investment you make here you will never experience stress or negative thoughts like you said in your thread, because you are sure of that choice.
    Panic, stress and other unfavorable things show that you are not too sure about your choice and when something like that happens I think you should reassess what you are here for.

    unfortunately, a lot here are still hoping that one day, btc will be their saviour of acquiring riches in the future. this is why they are agitated to get a hold of btc in their vaults for such goal. if you have your targets and you do believe on this market, you should not be too worried about your portfolio. and always do take note that only use your extra funds so you won't be in tight spot if you happen to need the money.

    There's nothing wrong with dreaming of becoming rich by investing in bitcoin, you and I and everyone here are investing in bitcoin because of that dream too. But the mistake of many people is not to learn more about bitcoin, they just want to get rich quickly with it, forgetting the risks that have to be traded off if want to be rich.

    There is no success without trade-offs and so is bitcoin investing. It can make you rich, but if you do not have a plan, and invest at the wrong time, you will also pay a very high price.

    I share the same thoughts. Moreover, in my opinion, I see having long term investment in bitcoin and other cryptocurrency as an additional to your personal financial portfolio that can help you reach your financial goals. So, I see it as one of the asset that in the future would help for me to be rich someday. As for how much effort should one put, I think if you are the type of person who is for long term investment, you don't have to put that much effort but for me you should always took effort to understand what you are entering since this would let you see the potential of your investment and see how long and far it can go.

  • raidarksword
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    April 13, 2023, 01:05:09 PM
     #83
    As always, invest what you can afford to lose and it should be an extra money so that it will not be gamble your future if anything that happens. Bitcoin is very volatile that's why you will be always ready of any up and down scenario of the market. Having the risk first hand it will be all worth it hence bitcoin will be big in the future when time comes and always remember put efforts on time and patience as well because this is not a one night success.

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    April 14, 2023, 03:13:56 PM
     #84
    I don't want to hide my intentions, and in my opinion, the more I invest, the greater the return. I am focusing most of my money on bitcoin because I expect that the growth of bitcoin will bring me wealth. But that doesn't mean I put all my money in bitcoin, that's after I've deducted my living expenses and accumulated some savings. For the rest, I focus on bitcoin more than other assets.

    Each person has a different income, you do not need to invest according to others but invest within your limits. But if you want high returns, you must take the high risk and accept the stress like me.

  • qwertyup23
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    April 14, 2023, 03:26:18 PM
     #85
    Quote from: Victony on April 10, 2023, 08:38:09 AM
    Bitcoin investments is a very promising investment which although seems to be of long term returns.most persons are not patient enough to wait till the value of Bitcoins rise significantly .
    Soo in general how much should one invest in Bitcoin should it be "how much you can easily invest without stress " or "as much as you can invest at all cost"
    Although I am aware it isn't a do or die affair

    Well, an investment to begin with is something that you should devote some time to. If you want to invest on something that is "stress free" like you mentioned, then I guess it is better to allocate your resources in stocks by purchasing blue chip companies' stocks in the process.

    Investing in cryptocurrencies is definitely risk in itself. With its volatility high, its price may change without any given notice. That is also the reason on why majority of the people invest in BTC either for short/long-term depending on its price on the market.

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  • beerlover
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    April 16, 2023, 05:52:35 PM
     #86
    Quote from: qwertyup23 on April 14, 2023, 03:26:18 PM
    Quote from: Victony on April 10, 2023, 08:38:09 AM
    Bitcoin investments is a very promising investment which although seems to be of long term returns.most persons are not patient enough to wait till the value of Bitcoins rise significantly .
    Soo in general how much should one invest in Bitcoin should it be "how much you can easily invest without stress " or "as much as you can invest at all cost"
    Although I am aware it isn't a do or die affair
    Well, an investment to begin with is something that you should devote some time to. If you want to invest on something that is "stress free" like you mentioned, then I guess it is better to allocate your resources in stocks by purchasing blue chip companies' stocks in the process.

    Investing in cryptocurrencies is definitely risk in itself. With its volatility high, its price may change without any given notice. That is also the reason on why majority of the people invest in BTC either for short/long-term depending on its price on the market.
    I think that would be bitcoin, no? I mean if you are investing into something that could make some profit, and requires no work from you at all then you are looking for bitcoin. Just buy bitcoin and hold it and you should be making a good return without a doubt.

    I think it requires nothing at all because no matter if it goes up or down, we are talking about something that is very risky if we do something about it but that doesn't mean that we should be doing any of those. Just buy it, hold it as long as you possibly could, decades if you can, and you should be doing amazing. That doesn't require absolutely no effort at all and would get you richer as well. So, I would say the most effortless investment in the world is bitcoin.

  • mvdheuvel1983
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    April 16, 2023, 07:23:24 PM
     #87
    Quote from: Victony on April 10, 2023, 08:38:09 AM
    Bitcoin investments is a very promising investment which although seems to be of long term returns.most persons are not patient enough to wait till the value of Bitcoins rise significantly .
    Soo in general how much should one invest in Bitcoin should it be "how much you can easily invest without stress " or "as much as you can invest at all cost"
    Although I am aware it isn't a do or die affair
    If you want to invest in Bitcoin and you have done your homework you can invest as much as you can at all cost at your own risks.
    But if you haven't done your research go with the public opinion to invest only what you can afford to lose.

    The first one should be done from a place of knowledge, research and a high risk management strategies. The reverse is the case for the latter.

    We are seeing more awareness leading to increased adoption, we see institutions moving to endorse Bitcoin and investors wanting to diversify their portfolio are adding Bitcoin as a valuable asset.

    The result is what we saw reflected in the price of $30k. So the choice to make an informed decision is yours.

  • lalabotax
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    April 16, 2023, 08:56:08 PM
     #88
    Quote from: Victony on April 10, 2023, 08:38:09 AM
    Soo in general how much should one invest in Bitcoin should it be "how much you can easily invest without stress " or "as much as you can invest at all cost"
    Hoe much? Hmm as much as possible.
    But this will depend on how yoour expectation in our first investment. Here, sometimes, newbies expect to much to earn money from Bitcoin investment easily and quickly without having good understanding aboit Bitcoin investment and the cycleof bearish and bullish
    Byt, if you understand enough withthe concept of longterm investment of Bitcoin, you must know that long term investment must be followed by strong patience, at least until the bullish era. Don't look up the market very often because this will lead you to be more stressful. Why? Because Market is very volatile, it may be rising up amd decreasong very easily every day. Just buy, hold, and forget until the bullish era comes.

  • Fivestar4everMVP
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    April 16, 2023, 09:07:43 PM
     #89
    Quote from: Victony on April 10, 2023, 08:38:09 AM
    Bitcoin investments is a very promising investment which although seems to be of long term returns.most persons are not patient enough to wait till the value of Bitcoins rise significantly .
    Soo in general how much should one invest in Bitcoin should it be "how much you can easily invest without stress " or "as much as you can invest at all cost"
    Although I am aware it isn't a do or die affair
    I would say as much as one is comfortable losing, investing in bitcoin is indeed a good investment, but still, we can not rule out the risks involved, the same as it is with every assets out there requiring investment.
    For me, If I have the money, I can invest a million dollar, 2 million dollar, 5 or even 100 million dollar, as long as I have the money and I can comfortably do away with it for a very long time..
    Bitcoin investment is much more profitable when done and left for the long term, than it is for the short term.
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  • AmoreJaz
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    April 16, 2023, 09:22:19 PM
     #90
    Quote from: Fivestar4everMVP on April 16, 2023, 09:07:43 PM
    Quote from: Victony on April 10, 2023, 08:38:09 AM
    Bitcoin investments is a very promising investment which although seems to be of long term returns.most persons are not patient enough to wait till the value of Bitcoins rise significantly .
    Soo in general how much should one invest in Bitcoin should it be "how much you can easily invest without stress " or "as much as you can invest at all cost"
    Although I am aware it isn't a do or die affair
    I would say as much as one is comfortable losing, investing in bitcoin is indeed a good investment, but still, we can not rule out the risks involved, the same as it is with every assets out there requiring investment.
    For me, If I have the money, I can invest a million dollar, 2 million dollar, 5 or even 100 million dollar, as long as I have the money and I can comfortably do away with it for a very long time..
    Bitcoin investment is much more profitable when done and left for the long term, than it is for the short term.

    the amount is indeed very subjective as it depend on the financial capability of the person. that is true, how much you can set aside without worrying too much.
    if someone will venture into btc, then, this is good for long-term. if you will observe the market on a daily basis, you will suffer stress as you will have a roller-coaster ride of emotion owed to the market movement.
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  • Distinctin
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    April 16, 2023, 09:24:54 PM
     #91
    Quote from: jacktheking on April 10, 2023, 02:28:59 PM
    It's up to the personal financial state and commitment; greatly depends on how well off the investor is.

    We all have to agree with the fact that Bitcoin is a risky investment. With the high return, it comes with its risk. Hence I'd pick the first option for everyone ("how much you can easily invest without stress"). If you put all-in to Bitcoin, you'll have my respect mate. But most of us needs stable currency for our day to day usage.
    Well, as much as we know how risky bitcoin investment is, then we should always invest on the amount we can afford to lose. And when that investment prosper, we can start to adjust our investment capital and increase our efforts in it. But no matter how profitable bitcoin is, it’s still advisable to invest with caution and never let your emotions decide when to sell your coins because most likely, if you are feeling negative emotions, selling at its wrong timing will only bring you a lot of losses.

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