Quote from: arjunmujay on April 30, 2024, 05:31:21 AM

Quote from: BALIK on April 30, 2024, 04:07:00 AM

The biggest mistake new investors make today is that they don't spend much time learning about bitcoin before investing, they just want to speculate and get rich quickly from it without any knowledge. From there, they lack confidence in bitcoin and some will miss the opportunity to buy at a good price while some will not participate because of their ignorance.

That's why I always advise newbies to focus on learning everything about bitcoin before making an investment decision. Don't rush to invest without knowledge about it because they will also panic and dump prices if Fud happens.

It's important to know what you want to invest in. in this case bitcoin, investors must also know well what and how bitcoin is.

Most of them don't understand, and the benchmark is the fluctuating price which can give them quick profits by investing in Bitcoin.
Those who have joined this forum are lucky, because there is a lot of material and experiences from other users that can be learned from. even their material and experience could be expensive to pay elsewhere.

From what I know, bitcoin investors will not sell any bitcoin they have accumulated for more than 4 years or from halving to the next halving.

I do agree that knowing what you are investing into is the most important part of investment and even if you are going to take a huge risk, taking that risk with what you know is a lot more important. For example, if you offered me some token that is not even in the top 1000 to invest into, or just 100x leverage on bitcoin pair, then I would pick the leverage one.

In both cases, there is a chance that you could end up with zero, and that is why people take those risks, but at least I know bitcoin and which direction it may go, I could very well be wrong as well but at the very least I will try my best to do better. Whereas, these tokens do not have that and I believe that it is not going to be all that successful, it will always end up with a trouble on the long run instead.