Post
Topic
Board Speculation
Re: Road to 100k?
by
Troytech
on 24/04/2024, 23:20:18 UTC
Each person should be tailoring his investment to his situation, and surely there should be less ability to aggressively invest into bitcoin if you are brand new to investing and brand new to bitcoin, and so if you don't have your shit together, including having some consideration of the 9 individual factors.

That's what we do talk about on the Forum on how newbies rush into Bitcoin just because they have a little knowledge of it and they forget that they still need to learn more about Bitcoin, no plan no strategy and they engage in it because they see others benefiting from it, they feel is easy and they too can gain more than they invest, things don't work out that way in the crypto space, seeking for mentorship and advise helps a lot.

I don't really believe there is much to know before getting started to buy bitcoin, all a newbie has to know is how to buy at first and them the next to hold, if there is any knowledge I consider compulsory is knowing how to manage his finances and know what he need to allocate to bitcoin without choking out himself and eventually selling off so early when he can't keep up any longer, and another thing is to have an emergency funds in place.

Yeah I can understand that a lot of persons actually get into bitcoin thinking it's a money making machine and tend to engage into short term investment and all that, and some even tend to get frustrated when holding in the bear market and might also sell of their bitcoin due to fear or panic, but what is most important for anyone to learn how to buy bitcoin and hold it.