Post
Topic
Board Bitcoin Discussion
Re: Beginners, you don't need Bitcoin first
by
TheGhostMan
on 18/07/2023, 18:25:28 UTC
I have read some interesting stories of few members on this forum that did all they could to buy their first set of BTC years ago and also how they made it through the journey, but one thing that I found missing from those stories is a secured job..

Newbies or Beginners, who are aiming to start buying Bitcoin for future sakes, I want you to take this advice very seriously, do not start your Bitcoin investment living under a roof that still feeds you, it could work but it will make things to be more difficult for you.

When you don't have anything else to fall back on, after asking your brothers or sisters in the family to give you some money for investment, what will you do when you get the Bitcoin? You need to live, you will have desires to buy things, and you will panic if the market move downside even more..

All this will happen because you have no job secured, as a beginner, before investing in Bitcoin, make sure you have a job or source of income, it will make the journey of accumulation to be easier and less bothered about the market behavior.

Pocket money, or the money that someone gives you will only bring you unrest mind if you plan to invest with such money,  it's the type of money you are not ready to lose, because it's all you have, because you have no other money coming from else where.

You don't need Bitcoin first, What you need is a JOB, work on that first.

     I agree with the advice and more when talking about a person who lives under the same roof, let's say that family and the only "source of income" is the money that their parents give them. Before investing in any asset, including Bitcoin or other cryptocurrencies, it is essential to have a solid financial foundation and a reliable source of income. Market volatility is significant and thinking about investing with borrowed money, without a stable financial footing, can be more risky and stressful. This not only implies monetary losses, but also loss of confidence in those who gave you the loan, and may even trigger conflicts.

On the other hand, if you have a secure source of income and you are determined to invest in BTC, you assume the risks responsibly. If you were to lose, it will be your money and you will not have to explain yourself to anyone. You can get up and move on to seek profit. Good post, friend.