Post
Topic
Board Economics
Re: Is there a formula for Bitcoin starters?
by
GbitG
on 23/10/2023, 19:18:00 UTC
A lot of people make this mistake, particularly new investors, they invest the only funds that they have at the moment and expect that they will get profits very quickly which might happen on some occasions but it doesn't work like that all the time because the cryptocurrency market is highly unpredictable.
Yes, it is true that many people often fall victim to the mistake that they invest all their funds in crypto to get quick profit but later face losses. And these are the people who, without any knowledge or proper investment strategy, jump straight forward in the market, and in the greed of profit, they end up losing instead of profiting. And this loss is caused by their own hands, but later they blame Bitcoin and cryptocurrency to cover up their stupidity and ignorance.

These people enter the cryptocurrency market and consider only profit for themselves; while cryptocurrency runs on a 50/50 ratio due to its volatile nature, they also give profit and suffer losses. But it all works under your risk management strategy. The purpose is that if you are really looking to profit from a rare thing like Bitcoin and are an enthusiasm of Bitcoin, then you must first diversify your funds by making a proper strategy and take point-to-point entry under DCA or if you have large funds. However, you can earn a profit by using the Lamp Sam strategy. But the best thing in crypto is patience; haste can often hurt you.