Furthermore, it's best to start modest and gradually expand your exposure as you develop expertise and confidence in Bitcoin trading. It's also critical to keep up with the newest cryptocurrency news and developments, since they may have a considerable influence on Bitcoin's price swings. Before investing in Bitcoin trading or any other type of speculative investment, it is suggested that you conduct extensive research, exercise risk management strategies, and consider getting guidance from experienced traders or financial experts.
I think it would be smart to start small because that way you get to see where you are in talent as a trader. If you start with a small amount and then you start to make a profit do not get too confident and put all your money in suddenly, just increase it by 10-20% levels and try again, if you keep making a profit then keep increasing that way for a long time and eventually you will do better. But most people end up not doing that and the results are not that great.
I have seen people who lose when they first start and that is the best, losing right as you start is amazing especially if you didn't use all your money, because that makes a person be a lot more careful. However, if they end up with a profit the moment they start, that is going to be a lot worse for them without a doubt.
I agree with this, someone which starts their journey by winning a huge trade may come to believe that trading is extremely easy or that they have a natural talent for it, and both of those conjectures about themselves are false, while someone which starts their journey suffering some setbacks will learn from their mistakes and they will become way better traders because of it, and if they dedicate enough effort and time to it then they will eventually become profitable as well.