Quote from: smyslov on Today at 02:17:44 PM

Quote from: Bruce4 on May 22, 2023, 08:18:19 AM

Hi mates,what are some common challenges most of you have faced in bitcoin and how they can be addressed...

My biggest challenge is belief, I have a hard time not selling every time Bitcoin is going down, I have to cut my losses, and I admit I have weak hands because of impatient because of the long wait, this is something I'm trying to overcome and it's very challenging especially if you invested with money that I can't afford to lose, you have an attachment to your investment that you don't want to lose it.

I think I would say bitcoin investment is not for those who are greedy and wanteto invest today and after one week they want huge profit. Those category that will use money they can't afford to lose for investment, those using small amount of money to trade and increase their leverage more than 10 times will find bitcoin challenging because these mindset will only be seeing bitcoin investment as gambling. Bitcoin is not an instant money spinner, it takes process. However, my challenge with bitcoin is when the fees for transaction goes high and cause confirmation delay.