Quote from: Bluedrem on Today at 06:02:37 AM

Quote from: Fuso.hp on Today at 03:38:59 AM

Quote from: Moreno233 on June 18, 2025, 04:30:07 AM

Quote from: Fuso.hp on June 18, 2025, 12:08:10 AM

However, the prerequisite for investing in Bitcoin is that you must have sufficient patience as an investor and trust the market.

What do you need patience for as an investor and how does it become a prerequisite? You mean patience for the market to come down so you can buy low and sell high just like traders do? The last time I heard those words were when discussing trading which is patient for the market to get to your entry point or reach your selling point. Well, in long term investing, there are more important things than patient because you already know that you are in a long term game.

The prerequisite for long term investing in Bitcoin is having basic knowledge and setting up emergency fuds after meeting basic needs are the requirements for investing in Bitcoin for long term holding. If you go about Bitcoin investment the right way by fulfilling the basic necessary ingredients, you may not even need to mention patience in the sentence because the investment is for long term.

Patience is needed in investing so that after investing, the investor does not feel that he should sell his investment immediately. A new investor invests in Bitcoin and before he starts investing in Bitcoin, he starts investing with the idea that he will hold his investment for a long time. In this case, to hold his investment for a long time, he definitely needs enough patience as well as a trust in Bitcoin. But if the investor loses patience due to temporary changes in the market and if he gets excited and sells his investment, then the long-term investment plan will not be implemented. But only when I can accept all the market conditions and be patient, then it will be possible to hold my investment for a long time, but it is not possible and that is why patience is very important in investing.

Yes, you are right, I have said it before, if investment is a car, psychological knowledge is its brake. If there is only speed, accidents happen, and if there is only brakes, you cannot reach the destination. So it is important to master both together.

If your psychological knowledge is low, if you lose confidence at the slightest, then you will never be able to reach the final goal by investing.
And you can never hold your invested Bitcoin for long.

You should always keep in mind that the more profit you want, the more risk you have to take.

If the price of your invested Bitcoin decreases after the investment, you should never be disappointed. I think then investing in Bitcoin brings a little more opportunity for investors. So you have to think in a way that this is not a matter of sadness for me, it is a good opportunity for me that now I can buy more Bitcoin.

Knowledge is needed to invest. But a smart investor will never invest just on knowledge. Because if you have knowledge, you will know information about Bitcoin and what has happened in the past. I think a smart investor will invest in combination of
* Knowledge
* Patience
* Faith in Bitcoin.
* Experience etc.
For example, if you have basic knowledge and faith in Bitcoin in the first place, you can invest and along with investment, you can gain more knowledge, you can gain experience along with investment. You have to be patient etc. If you can do everything together, then your investment is very likely to be successful. But it is never right to invest by focusing on one thing.

I think it is very natural for a new person to be scared when investing in the first place. But you have to take care that he does not sell his investment out of fear. As time goes by, a person will gain more experience, and after a while, he will not be afraid of falling, but will learn to use it.