have Funds in bitcoin (that can completely risk) and have funds for daily needs and for emergency as well , never to combined your for use money to for investing.
People who lose in their investing are those people that wanted an easy money when they don't fully understand how risky
crypto investing is.
Understanding the distinction between investing and gambling is vital. Investing is like planting a tree and waiting for it to bear fruit, while gambling is like taking chance for quick wins, relying on luck rather than a long-term strategy.
back in the day , I tend to believe that Investing in
crypo is like gambling but not when i started to understand like how you explained here .
that this is like fruit bearing trees vs Luck .
I think it is a distraction, a bit misleading, and potentially gets us off track to be using the word "crypto" without clarifying what it is that you consider that you are talking about and/or making it clear why you chose to use such a word when you might have had really meant to use the word bitcoin, but you wanted to sound smarter, so you used the term "crypto" to suggest that whatever you were saying had broader applications beyond bitcoin.. Is that it?
@bitterguy28, I think the input Jay gave will be very important for you. So that in the future you will be able to differentiate between the terms Crypto and Bitcoin because this mistake will put you in doubt about the true meaning. Crypto has a million different types of contrasts with the purpose of Bitcoin, therefore it is important to note that word placement plays an important role in describing what you want to convey in this thread.
With the increasing dominance of bitcoin, it will certainly be a good thing for all who understand bitcoin. Those who just know or even beginners have not realized that bitcoin will be profitable for their future, even though this is a good investment but in the long run but even though it will take a long time there will be satisfying results.
I have a couple of concerns.
First, I doubt that looking at bitcoin in terms of whether it is dominant or not is a very good and/or helpful way of looking at and/or considering the extent to which bitcoin is a good investment (as compared with other possible investments).
Second, it is a bit sloppy for you to suggest that there is some kind of a guarantee in bitcoin, even though bitcoin has been a good investment and has decently good chances to continue to be a good investment, it is not guaranteed to have "satisfying results."
In this context, it needs to be looked at more deeply considering that many beginners who fall in love with Bitcoin investment no longer see the risks. Even though this is considered normal, I have also experienced conditions like that so that I put all my funds into it without having any calculations in investing. In essence, even though Bitcoin has indeed become quite promising and proven, as an investment asset, those of us who see it as an opportunity must still uphold investment principles and remain realistic. Investing in Bitcoin will not have a positive impact if the person does not learn the basics such as the main purpose of Bitcoin. For me personally, the most important foundation is to fully understand what we have for the long term. Because if funds are involved, it means you can't just follow trends.