Quote from: Porfirii on April 03, 2024, 05:10:23 AM

Quote from: OjAbram on March 27, 2024, 08:23:48 AM

Currently Bitcoin is expected to have a bull run and halving in coming time as we all know it.

Now if you were to make an investment of $100 as a beginner regardless of your country and as it stands Bitcoin is experiencing a bear market (an example) after you made 5% capital.

Initially you want to hold for a very long time but as a result of the bear market you loose your capital and half your investment yet the market is showing no sign for you to recover.
What's your next step as a first timer in Bitcoin /Altcoin trading?

I've always respected the golden rule (don't invest what you can't afford to lose) so, as a newbie in Bitcoin/altcoin trading, I did the same. Newbies often start playing intraday, but they should realize early that they can lose in an hour what they won in several weeks, so it is better to simply hodl and not worry.

Yes, it teaches you the absolutely right way of investing; that is, it tells you that you should not think of investing in something that can present a hurdle to your life. This is the best first rule for a newbie to get into the field of cryptocurrency. In investment, you should decide in advance that I can hold for so much time, ask Hometalab to apply his strategy under a specific order, and not sell it for as much time as you intend. Because it is called investment. In which you have to hold your assets in any way until you get the target of his aim.

So as a newbie I will always try to Hodl because Bitcoin is a single asset that does not lose its value even after a dip and follows a bullish pattern from a long term perspective. So I have the same opinion as the OP that only hodling can make up for your loss by hodling.

Quote from: AYOBA on April 03, 2024, 03:43:06 PM

As a beginner, starting an investment with a smaller amount of money that he can afford to lose is the best option.

No I totally disagree with you that only for beginners is "Invest what you can afford" That only for beginners to be used "invest as much as you can afford". In fact, this is not the case. Invest what you can afford is for every person, whether he is a beginner or an expert, because everyone can lose. Bitcoin has a volatile nature and it can make everyone lose. If everyone invests all their money in Bitcoin and it gets dumped, it may become difficult for him tomorrow because he will need money and the money will have been invested in Bitcoin and he will not get anything until he eats, so it is likely that he should invest so much. As much as you can afford.