Post
Topic
Board Bitcoin Discussion
Re: Beginners, you don't need Bitcoin first
by
RockBell
on 04/08/2023, 20:12:03 UTC
Hey @Z390, Absolutely spot on! I appreciate the grounded perspective you're offering to newcomers in the crypto realm. It's tempting to dive headfirst into the world of digital currencies, especially when you hear the success stories. But as you rightly pointed out, those stories don't always touch on the stability and security a consistent income can bring.

Before investing in bitcoin, all of the guiding principles should be taken into account. As you mentioned, the first is financial stability. The second is knowledge, which will prevent you from being taken advantage of during the introduction process. The third is to take security seriously and know how to activate good security measures.  Returning to financial stability, you stated that if you don't have other sources of income, you will use your investment as a repository for an emergency fund, which is bad for business.  and  since investing in bitcoin is a long time business patience is another factor to be considered.