Post
Topic
Board Beginners & Help
Re: Is all what they say about bitcoin true?
by
Rockstarguy
on 09/08/2023, 13:17:32 UTC
Think of Bitcoin like a roller coaster. Its value can go up and down really quickly. This can be exciting because you might make a lot of money, but it can also be a bit scary because you might lose a lot. So, it's a good idea to be ready for these ups and downs and only invest money you're okay with not having.

Also, something to keep in mind is that different places have different rules about Bitcoin. It's like how different schools might have different rules for uniforms. So, it's smart to know what the rules are in your area because they can affect how you use Bitcoin. Staying updated on these rules will help you make smart choices and use Bitcoin safely.
Bitcoin can be scary for those who are not prepared for it and get to experience fall of the market as shock . For those who already understand bitcoin very well if the market price drops it won't make them feel unhappy and and worried because drop of price of the market is something that is always expected because Bitcoin is volatile.  When one is just expecting to make profit from bitcoin and never consider that drop of price is something that can seriously occur at anytime will always see bitcoin very scary. If one is already to prepared for the bear market that can take place at anytime, their won't be any disappointment in bitcoin.