You are giving false information. Which sources did you read this from? Because I didn’t even see things that individuals or investors need before they begin to invest in bitcoin. Bank, personal identification details—did you even know that bitcoin is a decentralised currency? All this you mention is when you want to do KYC, and in my opinion, when you mention this, I think you are still in a stage to learn a lot before investing in bitcoin, despite the fact that I didn’t see any valid points you provided before someone began the investment.

However, let me give you some little tips that someone needs before investing.

Knowledge: You need to be knowledgeable about where you are about to invest your money, whether it’s bitcoin or any other cryptocurrency. Knowledge should be the first thing you should get; if not, you may likely lose your money.

Be aware of the risk: there is risk in bitcoin investment, and you must agree that you will take whatever outcome it brings to you before you invest; if not, you will start facing some challenges when you see the market fall or something like that.

Another thing is the longevity of the investment. Bitcoin investment is a long-term investment. Before someone invests in it, you need to keep in mind that it will take at least more than a year before you start thinking of getting a profit since we are anticipating to see the price of bitcoin in six figures.



The worst mistake you will make in your career in cryptocurrency is to use a centralised exchange to store your bitcoin. Why don’t you just use a non-custodial wallet to store your bitcoin? The reason I said it would be a very big mistake is that I only know that it is a centralised exchange that you will link your bank account to store your bitcoin or your p2p transactions.

See, man, I think you should go back and learn how to invest in bitcoin because obviously there are many things you need to know from how you created this thread. You don’t have any valuable points that we can figure out to say you are right, and I believe other newcomers like you will see this, so I think they shouldn’t be confused with what you have brought up. I think you shouldn’t be worried about getting merit; it will come if you continue creating like this. You need to study well, and then you will know what the forum needs, and that is when you will be able to create educational and helpful content that they will reward you by sending you some merits.