Quote from: Questat on June 10, 2024, 05:42:17 PM

Quote from: Asyifiah on June 07, 2024, 06:36:28 PM

One of the main things that can hinder profits for traders is a lack of knowledge and understanding of how to analyze a coin in trading. Emotions and big ambitions are also one of the biggest obstacles to wanting to make big profits even though the capital spent has increased a lot. In order to become a professional we have to increase our knowledge of emotional control and continue to learn from other seniors.

Having a sufficient amount of knowledge prior to investing is certainly a must. One who has not achieved it is not advised to invest, otherwise he will experience the worst in investing. However, having a good amount of capital is also crucial when investing, this is exactly the reason why those who have more knowledge about bitcoin haven’t still decide to invest for good knowing they don’t have a good amount of capital. As much as knowledge is highly vital, getting a good amount of capital is also crucial most especially if you want the best outcome for your investment.

Indeed, if you want to have a best outcome you also need to have that decent amount of capital, as investing to this type of industry needs to have not just knowledge but also decent capital, with how fluctuation add to the factor if how you will place your position, you need to have deep financial capability not being affected of sudden fall, as if you have that good knowledge you'll anticipate and continue to patiently wait if you have decent amount of money to use, in this kind of case where you can't touch your previous investment, then lack of capital holds you back as you will think twice not to sell while anticipating to see good bounce from the market.