Quote from: Questat on Today at 10:28:28 PM

Quote from: ScamViruS on Today at 10:01:17 PM

Quote from: Edcrypto91 on April 07, 2023, 05:50:51 AM

I have a close friend who recently purchased 0.8 Bitcoins and when we met he was happy and was like " I am now a Bitcoin investor"
At that point I go this question in mind ;what does it really take to become a Bitcoin investor .does it mean that if you own a considerable amount of Bitcoin in your wallet you are now a Bitcoin investor or there is more to it aside having a basic knowledge of crypto currencies

If someone invests without knowledge about something, he may not be able to control himself when the market situation is unstable and will do activities like panic selling. So to be an investor in Bitcoin it is important to have knowledge about Bitcoin so as to be able to hold the invested Bitcoins. But those who come to the Bitcoin market, they automatically become curious about Bitcoin after seeing its behavior. As a result, they once gained enough knowledge about Bitcoin.

Investors had a long-term vision, she/he never puts money into an investment that can't assure profit long-term that is why they are willing to hold several years without worrying anything about losses. And before they invest, they also have done research and market study just to know the situation and make familiar and they are not rushing until such time that they are ready enough of it which is why we see them become successful.
Experienced investors are not emotional, perhaps, they are too aggressive then as they are certain of what they doing and have been consistent in their plan despite the changing situation of the market.

An investor who researches and invests in how Bitcoin works, and what its future prospects will be, can take a long-term position. Every day new investors come in the Bitcoin market but many of them do not have the knowledge about Bitcoin and cannot stay in the market.

Experienced investors are definitely ahead but becoming an experienced investor takes time to acquire enough knowledge. And many beginners do not have enough time to acquire this knowledge!