Quote from: HajiBagi on June 11, 2024, 11:31:36 AM

You did the right thing by asking before investing in Bitcoin, first of all before you invest in Bitcoin you have to understand what it means, you hear that a lot of people say that it is a risky investment. The reason why it is called a risky investment is that it is an unpredictable investment, you don’t know when the price will rise or fall and you can invest a huge amount and later you can see the price increase or decrease and in that situation, you might need the money or you might be in a situation where you want to sell it and use the money for something else and you can’t sell it for even the amount you bought it and that is why it is a risky investment.

Not only Bitcoin, every investment is risky because you don’t what will happen at the end of it, as a newbie it is very important to know much about Bitcoin and some ways that you can able to hold your coin for long periods, to invest is not the problem but being patient is important in term of investing because if you are not patient you won’t even believe in what you invest, and the last advise I can give as a colleague is to know how to keep your wallet secure, what I’m trying to say is that secure your wallet from people and be smart with everything you do online.

I totally agree with you. It is important to learn about Bitcoin before investing. Investing in Bitcoin can be risky and the market can change quickly but there are many strategies which can help you to make a good decision like mostly people like DCA method. Prices can go up and down fast. It is really important to be patient and think long term when investing. Also keep your wallet safe and be careful online to protect your investments. Because this is really important because we always listen many news about hacking. Keep learning stay informed and make smart choices. I will wish a Good Lunch to OP.