Quote from: Oceat on Today at 11:29:02 PM

Quote from: Yamifoud on December 11, 2022, 10:09:48 PM

Quote from: Oceat on December 11, 2022, 06:21:28 PM

Quote from: dbc23 on December 03, 2022, 05:40:06 PM

Recommending someone to invest in Bitcoin is some how risky. If the don't have the patience to wait for the bull season to commence the might sell at a loss and but the blame on the introducer. And many likes attributing their failures to someone then their success to their personal effort. I have learnt from past experience that before I recommend Bitcoin to a newbie I will first ask how long the can hold for and that will determine if I will be willing to proceed with guidance or end it there.

It's not all about how long they will hold, it's how knowledgeable they are about of what they are dealing with. It's easy to invest into something but hard to get the profit/ROI that you want. So, if a newbie would want to invest this might take some personal or shared experience before they decide what to do with their investment.

If they have a good mentor then they are lucky to have one compared to those who are self-learning because it might take some time before they learn their lesson.

Learning is so fast if someone who has a huge knowledge of a particular thing like investing in crypto will accompany us and share their ideas as well. Because what we get from reading online, watching YouTube is incomplete while if someone teaches you and explains to you face to face, it was easy to understand.

But also, if we wanted to enhance our knowledge and skills, we have to improve our mindset as well and tried to encourage ourselves not to be afraid of taking risks. Because this form of investment is not just all about knowledge and skills but also about the experience. More experience - more learning.

Learning won't be enough if they just take it from reading and watching, they should start to do something in order to gain that knowledge it's to put yourself to the test if you really deserve the knowledge you have. Risking is important in every aspect of life because if you don't do it, you will never learn even if you failed or succeed, at least you do what you gotta do.

There are a handful of people that can do this but only few people succeeded. It matters on how persistent you are of what you are doing to acquire that knowledge and experience.

Everything is needed for you to learn, reading up other experiences and knowledge wont really be enough for you to learn up everything which it is really still needed for you to
deal up with things on your own or something we do call out that real experience or engagement on a particular thing and not just reading it out.
Patience is really something that you do really need when investing on crypto but it does have its cons which you do also need to sell out when its needed.
Therefore, its not always talking about patience.