Quote from: SOKO-DEKE on Today at 07:26:51 PM

Yes, knowledge is power, but that doesn't mean someone should know everything before they can invest in Bitcoin. Knowledge is a gradual process because someone can't know everything. If someone is waiting for time to know almost everything about Bitcoin and cryptocurrency, they may miss some opportunities, but the best idea for newbies is to have the basic knowledge about Bitcoin and cryptocurrency in general, like knowing the risks involved in bitcoin, knowing where to purchase bitcoin, and also knowing proper wallets to keep the bitcoin so it can have proper security for their investment. With that, newbies can start their Bitcoin investment journey. Sofar is not trading that newbies want to get involved in themselves, I think some basic knowledge is okay to start up a Bitcoin journey.

It’s is true knowledge is power and golden, it gives you standard and confident in what you’re doing. You cannot have the knowledge of Bitcoin or the cryptocurrency space at a single sitting, even the pros in the market they still learn everyday from the market and even study more to be solid in trading. One thing people need to know is that Bitcoin is not a get rich quick scheme. It involves paying close and learning about the market. To become a successful trader, you need to be more informed and enlightened further more do more research and become master in any of the analysis techniques available. All this information will make you know what crypto to invest and when to invest. They are always hidden information when a coin is about to reach an all time high or even low. Once you don’t pay close attention to this information you either miss out from the opportunity the particular coin bring or you see your money go down the slide.
This is why having the knowledge first is really important, cause you need to have the basic idea of what crypto you investing in. This is mistake newbies do cause they feel Bitcoin is a platform where you just put money and you leave it to rise, but this is not the case. With the knowledge you have about a particular coin you can know the coin to hodl even when it’s in it lowest low.