I became more interesting on this topic when my friend hard about the profit on trading and investing on bitcoins.without the ideas or knowledge about it. because he only hard that, there are high profit on investing on Bitcoin. without knowing how Bitcoin is been trade. he went and sold his property to invest on Bitcoin without been knowledgeable about it. he went ahead and invest but loss everything because he doesn't know how to trade Bitcoin.
He came and told me everything. i feel pity on him, and started teaching him how Bitcoin is been trade and invest. He was very serious to lean and now his happy and his doing very well. in every business or investment you are in backing on, I think you need to lean and be knowledgeable about it before you invest on it.
Investing in cryptocurrencies is risky but it is even more risky when one invests in an altcoin. If your friend jumps into an altcoin without having a good knowledge of crypto-currencies, he might have a big loss, but since he jumped into Bitcoin, it's risky for him and won't hurt him too much. So now you should explain to him that if he wants to get something good from bitcoin he has to keep it for a long time, if he sees some losses here he can't panic and sell them, he has to hold them strongly and if he can hold for a long time he can get a good profit from here. And since he is very interested in Bitcoin, he can invest in Bitcoin by following DCA . And of course he needs to use a secure wallet to hold his bitcoins.