Post
Topic
Board Speculation
Re: A big advice on how to invest with BTC
by
sorrysteve1
on 21/12/2018, 18:17:04 UTC
Hello world.

So I've a small advice for everyone a bit new around here... Get a storage wallet.
Not mandatory a hardware wallet of course but get a wallet that you won't use daily, somewhere where your coins are safe and not too easily accessible.

Because otherwise with the amount of opportunities and tentations you're going to go all in in too much opportunities, one is doomed to fail and you'll lose it all.
I'm giving this advice because since I've got a hardware wallet I've finally managed to split my profits from investments between reinvesting and storing.

Before that I ended mainly losing my profits because I reinvested everything all the time...

So get a storage wallet, and split your profits.

They're not only the best option for preserving your coins due to safety, they also protect you from yourself and your own intentions, for the most part people get too involved emotionally and make irresponsible decisions. That might lead to selling coins at far too low of a price due to fear or other emotions.