Post
Topic
Board Bitcoin Discussion
Re: Why I've been scared to invest in bitcoin
by
carlfebz2
on 02/03/2023, 23:35:35 UTC
Only those who are confident in their ability to handle the risk should invest in bitcoin. Those who think investing in it would be too dangerous should refrain from doing so because it is not a free income platform or get rich fast scheme. Speaking of volatility, I don't believe that will occur; I believe it was better that way when it was designed that way. They are afraid because they don't fully comprehend how it works, which is why I was once also terrified but only because I didn't grasp it at the time.
Some fears do arise because they don't really understand how it works and maybe they don't know Bitcoin that well, so the fear of investing in Bitcoin still exists. Even though those who are still afraid to start investing in Bitcoin can find out for themselves about how it works and also want to get to know Bitcoin in more depth. And those who are able to handle investment risks well will continue to invest in the long term.
Even if you do know the basics it wont guarantee out that you wont really that get scared because we are really mainly that focusing that much with our investment which we know that we are really that

afraid on seeing our investment in going negative specially on a market decline.This is why the first thing you should consider is having the acceptance on what you are dealing with, you should be aware about the risk involved because volatility could really act as a double blade on which you could make profits and loses money and it would be depending on the market condition.

Getting scared is normal but once you do get used to it then it would really be just like an ordinary day in speaking about price movements or swings.