Over the years the business of Bitcoin investment has proven through some persons to be very lucrative and as such has attracted people to venture into it in the hope of coming significant profits too.
However this hasn't always been the case as some tend to record more losses than profits and end up being far worse than how they started
Here we will try to address some reasons for this
First of first,
Newbies in the Bitcoin investment biz should be well aware that getting that desired level of profits is a process and might very well require patience
Once patience is achieved then the bed rock is already in place
Because in patience would more often than not lead into regrettable decisions and in this case, loss.
Also have in mind that it takes continuous work.
It's like owning a plant or pet, just like every other business, it requires attention
So in this case research need to be made constantly as the results of these researches would shape our decisions
Good research would often always produce good decisions which in turn gives good results
Moving on, also have in mind that it is safer not to dive in on your own
Get a coach or mentor or whatever you want to call it
Get someone experienced, someone whose experience can be seen in how much success he has had in the biz
This would reduce the risk of rash and rushed decisions based of ignorance and inexperience
Another is self control
In holding Bitcoin it is not easy to turn a blind eye when you see people selling and making gains
Self control makes you optimistic to the expectation of the price increasing
Though I would say your coach or mentor should recommend on how you hold
These are just a few that I could point out
To all those who see this and have anything to add, please do so and criticize constructively
Let's learn