Post
Topic
Board Beginners & Help
Re: Always do your own research (DYR)
by
Dorkylickjj
on 13/04/2024, 21:21:29 UTC
When it comes to cryptocurrency, one advice I'll give is, when it comes to short term purposes, like taking capital and putting it in crypto, and expecting magic in a month, while the price of your coin 'could' appreciate within that space, it's quite unlikely or rather risky, as you could equally make losses before the end of the month, when you need it. But then, when the margin is large, and Bitcoin is the said coin, then  there is likely profits. The shorter the margin, the more risks of losses.
And secondly, you shouldn't enter Bitcoin or crypto being half informed. This is a clear example of the panic people express at dips, which is a popular failure.  Maintaining  composure during dips is one thing that bitcoiners should learn. I can't speak for shitcoiners though. It's natural that a dips you panic, but then it shouldn't lead to you selling off your holdings. Before you do Bitcoin, be familiar atleast  with different terminologies, and then with the behavior of the market. These are little things that make a bitcoiner.