Post
Topic
Board Bitcoin Discussion
Re: Beginners, you don't need Bitcoin first
by
HONDACD125
on 23/07/2023, 11:15:39 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.


You have a very good suggestion that one should have another source of income before investing in Bitcoin. Never rely solely on the crypto currency market for your spending. Bitcoin is a good crypto currency for investment and a great long-term option for anyone with capital, but having another business or job with Bitcoin investment is very important. Crypto currency Market is a Volatile Market There are constant fluctuations in the market due to which relying only on Crypto currency Market can lead to losses. Therefore, if the savings from other sources of income are invested in Bitcoin and are made with a long-term investment in mind, then there can be a good return in the future. The money you need should never be invested in the crypto currency market. Always invest your saved capital or excess capital in the crypto currency market.