Quote from: crunck on May 03, 2023, 10:46:28 PM

Quote from: Gladitorcomeback on April 14, 2023, 05:37:38 PM

Quote from: Edcrypto91 on April 07, 2023, 05:50:51 AM

what does it really take to become a Bitcoin investor .does it mean that if you own a considerable amount of Bitcoin in your wallet you are now a Bitcoin investor or there is more to it aside having a basic knowledge of crypto currencies

For becoming Bitcoin investor there no need of any knowledge. when you buy any amount of btc without any knowledge you will be called Bitcoin investor. It's is same like you buy car having no knowledge of driving. you will he owner of this car but It will be more beneficial when you have knowledge of driving. similarly buying btc will make you investor but it's proper benefit can be obtain when you have atleast basic knowledge of crypto and how this holding will benefit you in long term.

If you have no knowledge, how can you buy bitcoins? Moreover, investing in bitcoin without knowledge is like gambling, I wouldn't call it investment but gambling. We do not buy or invest in anything, especially bitcoin, without having knowledge of it. The goal of investing is profit and to earn profit requires knowledge and experience.

As an investor, the first and foremost thing that you must do before investing into a project or business is you knowing about that business, the ups and downs, the good and the bad otherwise it is more or less you gambling just as you have said. One needs to know and have a sound knowledge of what they are about investing their funds into so as not to be taken unawares by he market volatility, trends and storm just as it is now the ordinals attack on the bitcoin chain. Having a sound knowledge of your bitcoin investment prepares you for the mental and traumatic stress if there is any in the course of holding depending on the terms of holding it because it is not guaranteed that the market would be smooth as your plans and toughts are.