Quote from: Xampeuu on August 14, 2023, 06:05:25 AM

Quote from: stepwilli on August 14, 2023, 05:51:41 AM

The very first wrong decision he took was to sell his house to invest the money in Bitcoin which is never recommended option no matter how much potential Bitcoin has. One has to only invest what they have as spare money into things like cryptocurrencies because there is basically no guarantee as to when you might get something on top of it or even get your actual money back since the market is extremely volatile and unpredictable as well which makes it difficult for everyone.

And then he invested or traded the money in the market without gaining any knowledge beforehand which is basically the recipe for disaster for a newbie. You cannot gain profits from the cryptocurrency market if you don't even know how the market works and how you can do all the things.

bitcoin trading becomes very dangerous for those who lack knowledge, but sometimes we feel like we want to act immediately, so we don't miss the moment. therefore the things that need to be considered in outline are bitcoin being the main choice in investing, and patiently holding it until a bull run occurs, I think if beginners even though they have little knowledge of practicing it will be safe. the problem is that people tend to get dazzled by new projects that can pump up thousands of percent

Not only limited on Bitcoin trading but also in other market as well on which investing is never been that simple or risk-free, there's always that risk of losing money.Therefore, you should really be needing

to plan and make that analysis before you do proceed because if not then you would really be finding yourself on huge trouble or headache on the time that you would be finding out that you are really that taking some reckless steps on which would be causing for you to have losing funds or investment.This is why we should really be that wise and be mindful on every step that we would make.
We are all starting on being a newbie which is really that casual or something that really in default.We cant really just make things that goes on what we do have in our mind, everything
would really be a challenge specially if we are dealing with the market on having that extreme volatility.