Quote from: AirtelBuzz on Today at 05:54:26 PM

Quote from: MusaPk on Today at 04:41:36 PM

In case of Bitcoin, its necessary to teach person how to rightly invest. If a person understand that what Bitcoin investment is and how to do it rightly then it will help him in the long term. Of course it will take time but once a person mind is matured then he can do it on its own without anyone assistance.
Every picture has two sides and you rightly said that we must tell both sides of Bitcoin to anyone we advising about.

Investing in Bitcoin is completely dependent on the investor.I think investing is by no means an easy matter. Those who are new to investing should have a clear understanding of several things.

For example, acquiring knowledge about investments.
If a newbie wants to invest in Bitcoin then first of all an investor needs to gain knowledge about this investment. An investor cannot be completely dependent on others. Investing in Bitcoin is, as always, a very sensitive matter.

Investing at the right time.
When we invest, many of us are in a hurry to invest, which may not be good for us at all. Again, many of us change investments frequently. But according to wise investors, it is better to invest with thought and time before investing.

Investment plan:
How much dollar amount are you looking to invest?
Where and how you invest,
What do you do if the investment goes down?
When do you withdraw money from investments, etc.
These are very simple and important points for new investors. But there are investors who ignore them and invest because they end up losing their investment.

If you understand the investment in this way, maybe the newbies can clearly understand and learn about the investment.

Everyone can easily learn investment practices because they can buy Bitcoin and hold it for a long period. I see the points that you have listed and all of them really need to be thought about by newcomers to investing in Bitcoin because they need to organize every plan in making an investment. At the level of profit taking maybe it's not something that should be thought about early because it will bother them when the price rises a few percent.

Another point that may be quite interesting is the financial management stage involved in investing in bitcoin. They must organize well for the smooth running of the investments they make. On this principle they must continue to make purchases by allocating a few percent of their money each month because if they are consistent in managing purchases then they can focus on holding in the long term.