Post
Topic
Board Altcoin Discussion
Re: Don't invest In Bitcoin and Cryptocurrencies!
by
nicolas1979
on 11/09/2018, 11:24:29 UTC
Title was just to bring the attention of Those who are thinking of investing money in bitcoin or any other crypto currency.

A few things you must keep in your mind before investing in Bitcoin or any other crypto currency:

1.Make sure you have read the whitepaper of bitcoin or the currency you are thinking to put money in.
2.Crypto currencies are not just for making money.
3.There are no guarantees of profit.
4.You can loose all your money so invest only what you can afford to loose.
5. Don't panic when market fluctuates because its not only you who is controlling the market.
6.Do not buy and sell in FOMO(Fear of missing out) & FUD(Fear, Uncertainty and doubt).
7.Take opinions but Do your own research before taking any decision.
8.Do not forget to check the bitcoin forum to know more about that project.
9.Last and the most important: Patience is the key.



That is risk of list, take it or leave it. Before enter market we should know all of this and understand market works, with out that never open position even you have big fund. I see it as psychology education, one of important thing that we can use to control emotion. One more thing, trust no one and believe in you.