Quote from: Adams0001 on February 13, 2024, 04:57:23 PM

Quote from: Crypto Library on February 09, 2024, 06:01:42 PM

Quote from: shepherd_gee on December 29, 2023, 04:11:47 PM

Questions like this has popped out in several occasions and arguments concerning Bitcoin investment. My friends will say you must lose before you gain or rather have more experience investing in Bitcoin. If its how it work, Bitcoin isn't for a low income earner as well as not gonna make you rich when you can't invest something tangible to it. On the other hand people are been made big and wealthy in same program. What does it in tell, cos am quite sure people had already known what's going to happen in the market in the nearest future to give them the strong mindset to invest porously. My biggest fear is losing my hard earn to something as volatile, vulnerable and uncertain as btc. What's the possibility you invest without losing. Is it guaranteed in this kinda market?

Your friend saying are not at all bad. It cames true in some peoples life. Although there is no guarantee that it will happen to everyone, but I think almost all new investors face it, face losses in the beginning and after gaining experience through those losses, they understand the basic trading strategy. This happened in my own life too.In the beginning my investment journey started with altcoin investment but the experience of that investment was very bad. I am still bearing that loss. Moreover, when the market was in a bullrun, I invested in Bitcoin and I am currently holding that fund for recovery. However, I have understood one thing inside that if you want to invest in Bitcoin, you have to do it for long-term. I am currently following this strategy and making a monthly investment in Bitcoin using the dca method.

Some people lose money when they first start investing in bitcoin because they did not acquire it at the proper time, others buy bitcoin when they notice the price rising and simply invest for a short period of time. Since the price is rising, they will buy it and profit quickly, and then they will lose their funds when the price falls. Some newbies are very fortunate when they invest in bitcoin, and they will simply increase and profit from it. My first investment in bitcoin was most likely profitable because I had someone to guide me through it, and I kept it for 2 to 3 months until the price began to rise and I profitable on it and I believe if i leave for a long term I should have earned huge amount of profit. I don't enjoy selling coins in my portfolio right now because I need to meet my target first. Some of the coins and bitcoin I bought are currently declining in price, but I am confident that the price will soon rise, making the investment lucrative.

When it comes to first time then it wont really be that shocking that there would really be those having those loses on which this is something which is a casual thing that could happen.
Neither you are noob or veteran there's no such thing about inevitable on losing trades, no matter how professional you are or experienced. The main difference in between two is that for those veterans
on which they do really know on what they are doing on which it isnt something that could be done by a noob. This is why on the time that these noobs becomes veterans then they would be the
ones who would really be that tried out to be compared with those newbies again and the cycle continues.

There's no way that you would be able to avoid loses when you are just starting up.Instead on making yourself that get disappointed and frustrated then it would really be just that wise that you should really
be making out decisions for you sustain and move forward instead.