I have a friend who speaks so much about how good he's life has become ever since he explored the world of BTC and other crypto currency. I also have the desire to get the benefits of Bitcoin and other crypto currency. but as a newbie, I still have this fear that I may not be able to withstand the risk involved. Can anyone advice me on this?
Your friend should be generous enough to tell you how Bitcoin changed his life financially. And the OP claimed that his friend told him how the sector has changed his life but did not confirm or ascertain if what his friend said is true. So I want to confirm from OP if his friend's words is synonymous with his pocket or standard of living.
It is possible that Bitcoin can change the life of your friend especially if he is one of the fortunate early hodlers. But recently the Bitcoin space has not been profitable and anybody telling you that his life has changed because of the sector might not be speaking all the truth.
There are some important virtue that you need to be successful in this sector. They are patience, bravery and courage. You need patience because you have to buy the deep and sell when the price goes up. And sometimes the bull run is unpredictable that's why you need patience which will make you wait and not sell because of impatience. You need courage and bravery because you will hear different predictions and attack by some anti-bitcoin forces predicting the doomsday of the coin. You need courage to hodl even when it looks like you are losing your funds. You need courage to stand strong in the face of intimidation and opposition.