Post
Topic
Board Beginners & Help
Re: How to start with cryptocurrencies?
by
BIT-BENDER
on 24/09/2020, 08:14:49 UTC
I feel your excitement about crypto-coin, Bitcoin is exciting and also risky/complicated know this
+ buying/trading Bitcoin on social media may be a scam/risky
+ anonymous -stay as discreet/private as possible-
+ you can buy Bitcoin and not trade -if you not armed/equipped with trading knowledge-

Quote
When I think of the term "investor" I generally don't think of people who actively trade something--those folks are traders, or speculators.  Investors are long-term holders IMO, but I guess that's just semantics.  Anyway, I could never be an active trader.  I've tried it with small amounts of crypto and in the stock market, and it's too nerve-wracking for my blood.

I do hold a little bit of bitcoin and don't plan on selling it any time soon, so I guess you could call me a hodler.  These crazy price swings don't really bother me since I've been around long enough to know that they're normal--but that doesn't mean I'm not hoping bitcoin doesn't crash down to $5k or lower.  The lower bitcoin goes, the harder it is for it to recover.

+ and this my personal tip to -NEWBIES-: lay low, anything you would be doing as a newbie should be humbly low -even if you can afford high-