Quote from: Reid on Today at 11:13:12 AM

Quote from: Why2why on June 15, 2023, 02:03:43 PM

Hello everyone, i just want to share my thought here as a newbie, i bought my first bitcoin two weeks back, after spending the first month studying and reading everything as relate to Bitcoin, the time spent on learning and gathering knowledge have started to pay off for me during this period were the price of bitcoin have nosedive greatly.
Let me explain what i mean in details.
First before i bought my first bitcoin, i first of all build a good understand of the market and how bitcoin volatility works, and also learned about the effect of external forces in determining the price of Bitcoin such as exchange crisis and other governmental policies that can have short time effect on bitcoin.
Secondly i have learned never to panic during any crisis time or when the bitcoin price drop significantly because in the near future it will increase in value again, and also to hold an amount i can afford to look away from for a long time.
This and many more is the reason behind my current confidence in Bitcoin's ability never to let me lose if I hold for a long time.
Indeed knowledge is power, because knowledge can save you when money failed, because knowledge failure is a lifetime problem but money failure in terms of investment is temporally and if I wait I will soon be in profit again very soon, that is what past records have shown and proven.

That's sufficient reason to buy Bitcoin. Never ever compromise your other investments and your monthly bills payment. If you have the spare, buy. There's no need to force buying just because someone said that it will soon be pumped. What if it doesn't? Then regrets will keep on piling in until a panic happens, and you sell your Bitcoin without even thinking it through.

I like it more when I read stories of different people who also first bought the technology. You can also learn from them especially if they make a mistake before their investment plan. Keep it up. Just buy whenever you feel like it or if you can. It will always be your choice.

everyday we learn new things,the knowledge of Bitcoin is so vert, you may think you have known more,but it's just halve of someone else. That's why everyone have to study more about the technology. No knowledge is waste because you didn't make money from it, some knowledge are for self development and for awareness.

I bought my first Bitcoin in early 2021 when it was worth $58, with my savings and today it's far below it, have lost so much, I decided to hold it for future sake, I'll never sell it it I make profit. Have learnt my lesson to always use your spare money to invest in Bitcoin. Incase of anything it won't worry you much.