So many newbies have the wrong orientation on bitcoin and they think that it is a get rich quick scheme,which makes them rush into investing and after investing,what comes to their mind next is trading. Trading should be the last thing on your mind as a newbie here,what matters is after buying your bitcoin is to learn on how you can keep your bitcoin safe
Privacy and security are the two most important factors in bitcoin that every newbie should be aware of, any other thing should come after learning this two basics of bitcoin. Trading might not be the last option for a newbie who has his mind at it and came for the purpose of trading. They can go for trading but only at their own peril when they are yet to understand the fundamentals of bitcoin trading first. It’s advisable they begin by learning how to safeguard their money before thinking of a way to multiply in the market. You can’t multiply a money that’s not secured and have total possession of.
Don't quit your job because you just purchase some fraction of bitcoin, and use like 10% of your income to buy bitcoin monthly or weekly and hold for a very long time because this is the only way that you can enjoy from your bitcoin investment. Your bitcoin at hand is worth more than millions in the market and don't allow your greed or anxiety to trade make your loss your bitcoin because it is more precious than gold when you HodLi.
This is a very important point for those that are going to be holding for a long time especially the newbies whom most don’t have knowledge of trading and those investors that wants to earn profit in the long run and not fully into trading. 1 BTC is always 1BTC as long as you don’t touch it, the worth wouldn’t change. But if you don’t have enough savings to cover your BTC hodlings, you’ll end up spending them fraction by fraction until you spend them all. Before investing in bitcoin, it’s important to have enough savings to cater for oneself to avoid touching the main bitcoin investment