Before I start Bitcoin investment I been take my time and I also consider many things and those things way I consider really they help me for this my Bitcoin journey and I go like to share am to people for here especially to my follow newbies way won start Bitcoin investment.
Things way you go need to consider before you start are as follow.
1. Have knowledge about Bitcoin.
No rush, take your time learn about Bitcoin, how e they work en underlying technology ( Blockchain), the risk and rewards way they inside also learn about wallet ( where them they store Bitcoin) where and how you fit exchange them, the measure way you fit take secure your wallet.
2. Understand Bitcoin volatility.
Bitcoin na something way people no say en price they volatile, which means that en value fit rise and also fall in price, so you need to prepare your mind say price fit change at any point in time.
3. Managing your risk.
You need to assess your risk tolerance and you need to also assess your financial situation before you invest. You go need to consider how much way you fit invest and also how deep the lose fit dey.
Knowledge is a powerful instrument that would guide somebody irrespective of the kind of investment they venture into but sometimes is very quite unfortunate that most early Bitcoin investors always prefer the shortcut instead of going through the normal process they are supposed to follow, I no that too much knowledge may not be too necessary in terms of Bitcoin investment for those that consider holding but however getting acquainted with some basic information about it is highly important.
However the reason why having some knowledge about Bitcoin is good is that with the volatility of Bitcoin sometimes it takes only those that understand the ways at which the price behave at times because if someone should joined Bitcoin investment without having any knowledge about it the moment he sees any drastic price movement contrary to the way he expected he will immediately start panicking.