Post
Topic
Board Beginners & Help
Re: What is the biggest issue for beginners ?
by
clifjw
on 06/12/2020, 11:46:14 UTC
My biggest issue so far has been knowing when to buy. I've been studying hard for about 1-2 months learning all I could from posts on this forum and suggested reading / video material so with a few questions I understood it quite well quite quickly. Knowing how to read the Bitcoin market I find difficult.

I know I have to invest, but I'm still looking for that tell tale sign that its the right time. I have Binance BTCGBP running all day on my second monitor watching and waiting for "that time". I know we're still in a bull run at the moment, but the waiting is tough. I've now got sub 12k in mind as my starting point but I've not seen that since the beginning of November, but before that I had sub 10k in mind but then it kept going up lol. I hear and read everyone saying that we're heading for a correction so I find it hard to make that purchase until we get that, but I try to keep in mind that we may not get a correction. This might be the new norm and it might go up.

I'm not worried about losing what I want to put in, I'm just being cautious because I want to do it right and limit my losses based on what I'm hearing and reading. So yeah, that's my biggest issue as a beginner.