How did you guys invest in bitcoin as beginners. What was your experience with the market volatility? A lot of people talk how investing in Bitcoin is good but risky, i don't want to rush to invest bitcoin. I need to be very sure of what I'm planning to go into. I don't know if I am making the right decision or I'm too sluggish to invest. I'm not really convinced maybe because I don't know much. Do you think this delay is good for me? I believe it is good for one to be sure and understand anything that involves money.
You did an excellent job by asking this question. In my opinion, the first step to take before investing is to thoroughly understand what you are investing in and the risks involved before putting your resources into it. The reason most newbies struggle with their investments is a lack of sufficient understanding because they view bitcoin investment as a get rich quick scheme, so they jump in without thinking and end up regretting.
Much has been said regarding market volatility and the risk of bitcoin, but let me add this from my little knowledge. Avoid using a custodia wallet to store your bitcoin investment because it is one of the risks of bitcoin investment. Instead, I recommend that you store your investment in a non-custodia wallet, which will give you full control of your assets because you will be able to hold your private key. However, make sure you save your private key in a secure place or where no one will be able to access it because if you lose your private key, you will lose all of your assets.
People say that if you don't want to take risks, you shouldn't invest in bitcoin, but this shouldn't be one of them.