Post
Topic
Board Beginners & Help
Merits 2 from 1 user
Re: What do I need to know has a newbie
by
Issa56
on 23/10/2022, 05:28:35 UTC
⭐ Merited by fillippone (2)
I have been experiencing some financial difficulties due to the inflation I explained my situation to my friend about plans on how to secure my Investments since I'm already used to the character of saving but have little knowledge of bitcoin and investment in it and my friend introduced me to bitcoins and this forum I'm really glad to be here please what must I know?
Welcome to the forum, I think the users above me already mentioned the first thing you should about the which Is you should go true the forum rules.
Since you said you are used to character of saving, I will tell you their is difference between fiat saving and bitcon, if you are saving fiat your savings those not increase or reduce, but when you come to cryptocurrency their is always volatility, after investing in bitcoin don't be suprise if you see your money reducing, I think most newbies always have wrong mindset before joining cryptocurrency, they believe immediately they invest, they are already in profit, but bitcoin is not like that, you can invest and still be at lost, but we should always learn to Hold.
Also make sure you avoid altcoins if you want to have rest of mind, the best project which I will recommend for you is bitcoin, since you are used to savings, then am sure you will be able to hold.
In Cryptocurrency space, scammers are everywhere and scammers are coming up with with new strategies just to defraud people daily, since you are newbie they are always targeting people like you, my little advice for you is that don't trust anybody you meet on social media, and don't share you private key with anyone, don't let anybody brainwash you.