Post
Topic
Board Beginners & Help
Re: Newbies should invest in bitcoin first before thinking of trading.
by
CryptopreneurBrainboss
on 11/07/2024, 23:30:11 UTC
Why do they direct newbies to the wrong path when they know it is a very risky way of increasing your bitcoin portfolio. Newbies should not jump into trading in the beginning because it will slow your chance of investing into bitcoin and increasing your bitcoin stash overtime. If you want to get into bitcoin as a newbie, you should only have investing for a long term in your mind and plan for how you can achieve your bitcoin target overtime by using DCA method to buy bitcoin weekly or monthly consistently and persistently without overdoing it.

This is a public environment and users are entitled to their opinion, it could be wrong or right but they aren't forcing you to accept what they're saying. It's left for you to read through the replies and choose what will work best for you. You should know that not every person will have your best interests at heart as some of them are just here to fulfill their post quota and wills say anything to make up the words. A newbie shouldn't be trading in the first place, what you should be focused on is investing in Bitcoin and not even altcoins. Alot of people will tell you altcoins can give you more profit (technically yes) but they won't tell you the risk accompanying with that and you shouldn't be taking such risk when there's already a calculated risk in investing in Bitcoin that you won't lose provided you don't sell prematurely.

  • Investing in Bitcoin is better than trading Bitcoin.
  • Investing in Bitcoin is better than investing in altcoins.
  • Investing in Bitcoin is better than staking altcoins, mining/tapping unknown coins/tokens