Post
Topic
Board Bitcoin Discussion
Re: Lessons of my experience and knowledge about Bitcoin
by
Rabata
on 23/10/2023, 05:32:12 UTC
_ Stick to Bitcoin: it's the real deal. Don't gamble on other cryptos

_ Avoid trading altcoin: you are not a genius trader, you will eventually get burned.

_ Never trust price prediction: no one has a crystal ball.

_ DCA into Bitcoin, emotions aside, No need to time this market.
The above mentioned points can definitely guide an investor in the right direction. Among the things mentioned are some of the mistakes that many of us, new or old, make. They begin to believe in price prediction. There are many investors who decide to invest only after looking at the previous ath price. But we should avoid such a view. Many people are leaving Bitcoin and moving to altcoins just to get quick rich. In such a scenario, an entrepreneur can suffer the most. There were many altcoins in the market that had it better than some of the other good top level altcoins but that is no longer after a period of time. Also, we cannot rule out the possibility of a scam. However, by investing in Bitcoin, an investor can protect himself from such problems.