Post
Topic
Board Trading Discussion
Re: How do I become a successful Bitcoin investor as a newbies?
by
ancafe
on 14/07/2023, 18:59:24 UTC
Investing is pretty simple, we buy the safest coins and hold onto them until the bull season comes. but indeed it would be better to learn first to know before investing, so that we will remain calm in the face of an incident. it's different with trading, knowledge alone is not enough to become a successful trader, experience is needed which we have to practice a lot of real trading. that way later we will have a graph of the progress of our trading system so that it is hoped that we can become professional traders, by trading in a pleasant manner
More precisely when mentioning bitcoin as one of those investments that most people really want, I will ignore the journey of some new projects for now in the crypto space. As we have seen in the past there are many reasons they cannot survive in the market long term. Knowledge is just the basis for someone involved in investing and how they control their risk whenever the market is hit. When they are not fully knowledgeable about bitcoins this is where they panic and try to sell bitcoins to avoid total loss in a severe correction market

Even though when they have knowledge and are calm in these conditions it doesn't make them lose. Investing in bitcoin is very simple, calm and skill is one's way to make a profit. Therefore it is important for beginners to understand the bitcoin journey process and it is this knowledge that makes them reach a conclusion.

Basically, whether it's investing or trading, it's still important to learn first,
there is much to learn which is far more important,
besides what you mentioned above managing risks and controlling emotions must also be considered and sometimes people forget this.
It will not achieve simplicity in investing when someone does not understand the right way. Investing is much easier to do than trading and that's why not everyone is suitable for doing it, because trading is not only necessary knowledge but experience is also needed. The keys to success in investing are knowledge, calm and not panicking. As simple as that?