Quote from: Texac on Today at 12:27:17 PM

Quote from: Peanutswar on August 02, 2023, 11:47:06 AM

Quote from: mirakal on August 02, 2023, 11:40:05 AM

Quote from: Mame89 on July 21, 2023, 06:27:29 PM

Quote from: Z390 on July 18, 2023, 09:04:39 AM

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

The point is that finance is not forbidding it, but limiting it and making sure to make any decisions based on numbers, not emotions. I understand a little what the OP said, and I think it's not only newbies who have to carry out suggestions like this, those who are not beginners should also implement a system like this. Because bitcoin is an asset that is used for investment if you don't have a job, how do we start investing? by way of debt? this will worsen our finances.

The mindset must be changed, don't buy Bitcoin expecting to get rich in a short time, but buying bitcoin means we are ready to lose money. Therefore, what is needed first is not to buy bitcoin, but how do we find work, that way 30% of the money we get from our new job buys bitcoin in stages every time we receive a salary from work.

Well, there are also some instances that we get to invest in bitcoin because we received huge amount of money from our inherited assets, and not from our hard-earned money from our job. I think that is a good mindset too, trying to diversify your investments and not just letting your cash sleeps in the bank. However, in case your investments do not worked as planned, and all your savings have started to run out, then you should land a stable job that will sustain your needs before all your investments and hard-earned savings will be gone. But if you can get a stable source of income in the first place, I guess that will help you grow your investments without the need to sell your bitcoin whenever its price suddenly crashed.

Newbies don't really need to make an investment immediately in the cryptocurrency because they just carried away with the hype of other people, ideal first they understand how the bitcoin works so they see the benefits of the cryptocurrency itself after on that secure of the accounts, wallets, or asset as possible actually few only teaches this kind of thing because there's no safe in the internet people are still prone with the hacking issues.
Another thing for the newbies not ideal to make a single pot with your investment ideal to scatter so if the other investment does not win you have another resources that could pullback those losses.

Right, whether it's inheritance or savings from income, newbies shouldn't rush to invest in bitcoin without any knowledge of it. they don't need to spend a lot of time learning everything and waiting for a solid amount of knowledge to start investing, because if they do, they will most likely miss the opportunity to buy cheap. but at least, they must have the most basic knowledge to start investing. Diversification is inevitable but it will not be enough, they also need other sources of income from other investments, or a job to ensure safety.

When it comes to investing then it would really be requiring that kind of knowledge and skills or awareness on what you are tending to get involved with because on the time that you would be skipping out on learning with the basics then you would really be finding yourself on some huge issues on which it would really be resulting into losing those money or investment that you had made out. Beginners would really be normally be lacking out those knowledge for them to make further steps which would really be that either wise or not. It is really just that there are people who are really that having that rush decisions when it comes to investment because
of lack of knowledge and experience then this is where mistakes and errors do usually came from.

Doesnt matter whether you are dealing with Bitcoin or other type of investment which it turns out to be default thing on what are the things that you should gonna supposed to do on the time that you would be making up decisions in correlation with investment. It would be necessarily needing up that kind of approach and mindset for you to sustain out because if you wont then for sure it would be giving out that negative effect
and other issues on which you could be able to experience on.