Post
Topic
Board Bitcoin Discussion
Re: My personal savings now I will invest in Bitcoin
by
Viscore
on 16/07/2023, 19:46:36 UTC
Before investing in Bitcoin make sure you have a thorough knowledge of what you will investing. If you are hesitant and you still don't understand your decision you try to invest in a small amount because actual trading could be the best teacher. Also make sure that you will invest only what you can afford to loose. Never  invest all what you have you can diversify it or do the dollar cost averaging. Think so many times before investing so that you will not regret it what ever happens to your investment. Assess yourself if you will keep that investment for a long time or you just wanted to do a fast trading. The decision would still be depends upon you.
because most beginners also just go along with friends' suggestions or what they see on social media ads. they purchase assets at random for their investment. even using money from the needs they have.
the basic concept of investing, they will benefit if they choose the right assets and also have the patience to achieve their investment plans. many beginners think they want to get profits in a short time by investing in Bitcoin. and clearly it is the wrong owner.
That only proves that beginners are not aware and not really ready to invest in the potentials of bitcoin. But due to their high greed, they decide to invest quickly and expect immediate profits even if the knowledge and experience are not present. That’s why most newbies end up failing and losing their capital, simply because they don’t know what they are investing of and they don’t have right attitude towards bitcoin investing.