How you gauge your success in crypto space?

[libert19]

^ IMO people need to wisen up with the idea of keep holding BTC forever, and the expectation of having better price next time, as this might not make them enjoy the fruits of their holding.

Better idea may be to sell btc on time when you feel it's top, convert it to usdt, buy again on bottom, thus you hold same number of BTC and have extra USDT for your spending. I know easier said than done.

[pieppiep]

^ IMO people need to wisen up with the idea of keep holding BTC forever, and the expectation of having better price next time, as this might not make them enjoy the fruits of their holding.

Better idea may be to sell btc on time when you feel it's top, convert it to usdt, buy again on bottom, thus you hold same number of BTC and have extra USDT for your spending. I know easier said than done.

Bitcoin cannot be set as you wish. Everyone from bad to good uses bitcoin as one of the digital currencies that can replace long-distance transactions. Sometimes bitcoin is also used for crime but sometimes it is also used to facilitate aid transactions in several countries affected by war or natural disasters.

USDT and Bitcoin are indeed very necessary because in some countries there are still not many who accept Bitcoin as a legal currency so they have to use USDT to exchange local money.

[rizqillah]

^ IMO people need to wisen up with the idea of keep holding BTC forever, and the expectation of having better price next time, as this might not make them enjoy the fruits of their holding.

Better idea may be to sell btc on time when you feel it's top, convert it to usdt, buy again on bottom, thus you hold same number of BTC and have extra USDT for your spending. I know easier said than done.

Bitcoin cannot be set as you wish. Everyone from bad to good uses bitcoin as one of the digital currencies that can replace long-distance transactions. Sometimes bitcoin is also used for crime but sometimes it is also used to facilitate aid transactions in several countries affected by war or natural disasters.

USDT and Bitcoin are indeed very necessary because in some countries there are still not many who accept Bitcoin as a legal currency so they have to use USDT to exchange local money.

Bitcoin cannot be set as you wish. Everyone from bad to good uses bitcoin as one of the digital currencies that can replace long-distance transactions. Sometimes bitcoin is also used for crime but sometimes it is also used to facilitate aid transactions in several countries affected by war or natural disasters.

USDT and Bitcoin are indeed very necessary because in some countries there are still not many who accept Bitcoin as a legal currency so they have to use USDT to exchange local money.

[Ujok]

There are almost many people whose main goal is to live a financially independent and stable life within the earning income.  And there are many who create different sources of income to try to achieve more prosperity.  But if you need a well-planned financial strategy for more long-term income.

Every individual must have a plan or strategy so that they can succeed in the future with that they will do what they achieve so that they work hard to achieve their dreams, in crypto what we need to try is to have a lot of knowledge about crypto and learn to understand market movements.

[MUGNIA]

from the beginning I knew crypto, only to increase my finances, nothing more and until now I still do that, because I am not a person who has a lot of time in front of a computer and cellphone so I only do or look for free coins by doing bounties and airdrops when I have time.  I do not deny that from the results of the bounty I can help my parents financially and I can satisfy my shopping soul for my needs, not cars or other assets because my husband is the only one who thinks about it, not me

[JISAN]

^ IMO people need to wisen up with the idea of keep holding BTC forever, and the expectation of having better price next time, as this might not make them enjoy the fruits of their holding.

Bitcoin is a money and the purpose of investing here is to make profit be it long term investment or short term investment. But if someone says he will hold his bitcoins for life then I don't know what his main intention is. Because if he does not sell the bitcoins at a profit, he will not get the real taste of the investment

Better idea may be to sell btc on time when you feel it's top, convert it to usdt, buy again on bottom, thus you hold same number of BTC and have extra USDT for your spending. I know easier said than done.

Yes it can be a trait of a trader or investor.  When the price is too high, the activity of a true investor is to convert bitcoins into stablecoins and then buy bitcoins again in the bear market and wait for the next bull run. I always support it.  And try to use such a strategy

[Faisal2202]

In other words, what are the goals that you want to see materialize before your eyes so that you can proudly say that you are really successful here? Or maybe you are just here to supplement your meager income and is not really interested to get "rich" in the first place?

After focusing on the points you aforementioned, I realize that I am not successful in crypto, although I was successful in some small targets, like achieving the desired profit from my holdings. I made enough money from airdrops even if I failed to book them in stable currency and they lost in value due to volatility.

I started to write articles in crypto and now providing my services to different clients remotely. I like my choice of getting into crypto because I have learned a lot about finance and how banking and traditional finance systems work. With time, I will try to set my plan of how can I become rich, and then will use crypto to fulfill it.

[Sim_card]

There is nothing much for me to see materializing before I will say that I am making success in cryptocurrency because the only way that I think I am making success is when I see that my bitcoin portfolio is increasing constantly, because I tend to use my bitcoin investment in future as a retirement package for myself so that I can enjoy my old age. Buying car is a liability amd if I can buy a house with my bitcoin investment in future without selling upto 40% of my bitcoin portfolio will make me be happy that my bitcoin journey was successful.

[luckyledger]

^ IMO people need to wisen up with the idea of keep holding BTC forever, and the expectation of having better price next time, as this might not make them enjoy the fruits of their holding.

Better idea may be to sell btc on time when you feel it's top, convert it to usdt, buy again on bottom, thus you hold same number of BTC and have extra USDT for your spending. I know easier said than done.

I agree with you on the last part If only it worked that easy.. Usually (sometimes) people lock up their funds that way, so you should spend only the money you are willing to spend, to speak (even if you know that BTC will come right back up, it won't be in a day, or even a month).

[MUGNIA]

^ IMO people need to wisen up with the idea of keep holding BTC forever, and the expectation of having better price next time, as this might not make them enjoy the fruits of their holding.

Better idea may be to sell btc on time when you feel it's top, convert it to usdt, buy again on bottom, thus you hold same number of BTC and have extra USDT for your spending. I know easier said than done.

sell on time!, maybe this is the obstacle for everyone, because we don't know when the right time is and the greedy and dissatisfied human nature is very dominant, so I think it's better to set a target price for how much we will sell our BTC later,

[Nazor]

I am sure that all of us got our own personal and different ways and means to gauge success...and determining how to get there can vary from one person to another. Now, in our involvement with cryptocurrency, am certain that there are some factors that we need to see to happen to us before we can say that we achieve some level of success. What are those things?

1. Do you see yourself earning money from your cryptocurrency investment...and what level would you say that you already arrived...should it be five or six figures?

2. Would you rather be able to own some car or your own house with the returns your getting from your crypto investment and then say that you are definitely successful here?

In other words, what are the goals that you want to see materialize before your eyes so that you can proudly say that you are really successful here? Or maybe you are just here to supplement your meager income and is not really interested to get "rich" in the first place?

digital currency is already famous all over the world because digital currency has a lot of positive impacts on a person's economy so that people who play or invest in crypto can generally change their life circumstances and meet their economic needs. I have met many people who play crypto who can make money every day by trading so that they want to realize one of their dreams to change their new lifestyle.

[luckyledger]

^ IMO people need to wisen up with the idea of keep holding BTC forever, and the expectation of having better price next time, as this might not make them enjoy the fruits of their holding.

Better idea may be to sell btc on time when you feel it's top, convert it to usdt, buy again on bottom, thus you hold same number of BTC and have extra USDT for your spending. I know easier said than done.

sell on time!, maybe this is the obstacle for everyone, because we don't know when the right time is and the greedy and dissatisfied human nature is very dominant, so I think it's better to set a target price for how much we will sell our BTC later,

Yep, having that factor planned will save you a life in terms of nerves And bring the results into the bag.

[legend45]

^ IMO people need to wisen up with the idea of keep holding BTC forever, and the expectation of having better price next time, as this might not make them enjoy the fruits of their holding.

Better idea may be to sell btc on time when you feel it's top, convert it to usdt, buy again on bottom, thus you hold same number of BTC and have extra USDT for your spending. I know easier said than done.

sell on time!, maybe this is the obstacle for everyone, because we don't know when the right time is and the greedy and dissatisfied human nature is very dominant, so I think it's better to set a target price for how much we will sell our BTC later,

We don't know when the right time to sell is, so we have to have a plan when investing and determine a sales target. That's the function of analysis in investing so that we can make accurate predictions. Although sometimes we also make wrong predictions.

[luckyledger]

^ IMO people need to wisen up with the idea of keep holding BTC forever, and the expectation of having better price next time, as this might not make them enjoy the fruits of their holding.

Better idea may be to sell btc on time when you feel it's top, convert it to usdt, buy again on bottom, thus you hold same number of BTC and have extra USDT for your spending. I know easier said than done.

sell on time!, maybe this is the obstacle for everyone, because we don't know when the right time is and the greedy and dissatisfied human nature is very dominant, so I think it's better to set a target price for how much we will sell our BTC later,

We don't know when the right time to sell is, so we have to have a plan when investing and determine a sales target. That's the function of analysis in investing so that we can make accurate predictions. Although sometimes we also make wrong predictions.

The risk is always there. Even with BTC.
That's why we should use the funds we are okay to spend / freeze for the time being.

[Kemarit]

^ IMO people need to wisen up with the idea of keep holding BTC forever, and the expectation of having better price next time, as this might not make them enjoy the fruits of their holding.

Better idea may be to sell btc on time when you feel it's top, convert it to usdt, buy again on bottom, thus you hold same number of BTC and have extra USDT for your spending. I know easier said than done.

sell on time!, maybe this is the obstacle for everyone, because we don't know when the right time is and the greedy and dissatisfied human nature is very dominant, so I think it's better to set a target price for how much we will sell our BTC later,

We don't know when the right time to sell is, so we have to have a plan when investing and determine a sales target. That's the function of analysis in investing so that we can make accurate predictions. Although sometimes we also make wrong predictions.

The risk is always there. Even with BTC.
That's why we should use the funds we are okay to spend / freeze for the time being.

Everything has risk, and with that, we should really start very slow in beginning. Some of us might have not the money initially to invest and we can't afford to lose that money.

But as we can along, we understand the risk and so is the ins and outs, and so we find strategy like DCA and continue to accumulate. Others trade or they could have other means of income and so they invest it too in Bitcoin and let it grow and for some they might have forgotten their investments and when they go back, they have profited huge money already.