Sometimes it seems to me that it is much easier for a beginner to make money on Bitcoin than for those who have been involved in cryptocurrency and Bitcoin for several years. Even I remember myself, at the beginning of my journey I just bought Bitcoin and did nothing else, because I was afraid of making a mistake due to the fact that I had little knowledge. The bull market began and the Bitcoin that I was holding rushed up. But the main mistake here is that I didn't take profit and then the bear market began. I'm talking about this because I was close to a great result, but I didn't take one right step. Some beginners can also buy and hold Bitcoin, at the moment when it grows to the skies, lock in at least part of it and become more successful. In any case, in words it looks simple, but in reality it is quite difficult to do this.
As a new investor it is not that easy to invest in Bitcoin first because you cannot choose which coin will be good for you to invest or which coin will be safe for your money at the beginning.
While it is difficult for everyone to invest in Bitcoin in the beginning, it was easy for me because I didn't learn about crypto currency first but I learned about Bitcoin first. Ever since I first came to know about Bitcoin, I have had a distinct fascination with Bitcoin, and the thought of when I can invest in Bitcoin has always been on my mind. At that time I developed a strong desire to know something about Bitcoin and I tried to find out. Choosing Bitcoin for initial investment was not a difficult task for me as I tried to learn enough about Bitcoin.
It can be said that I was quite successful in my early investments. When I first invested in Bitcoin, the price of Bitcoin went up a lot right after I invested, which made me profit early on. The fact that the market turned positive after I invested and my money increased a bit is what motivates me a lot. Since then I got the impression that I have held my investment for a short period of time so I have made a profit from my investment. That kind of thinking then has made me a patient enough person today because now I can hold my investments for a long time very easily.
It’s not easy for a beginner to choose a cryptocurrency at the beginning of their road, but for me personally it was possible in a short period of time. Although of course I didn’t understand much. Despite this, I was lucky and crypto grew up.
Now I see how crypto bloggers from YouTube have a great influence on newcomers. They say and newbies buy it. It scares. For the last 2 years, I have been watching one blogger from the CIS region imprisoned a bunch of people in the CHIA. His videos get 50k views, but this altcoin is falling all the time. I have no proof, but CHIA probably paid him good money. Moreover, some of his subscribers justify him and come to his defense. I’ll just say that it’s better to think with your own head, some crypto bloggers are talented psychologists and mislead the crowd.
By the way, recently another crypto blogger told about the money they pay him, these are huge numbers that don’t fit in my head.