Quote from: reagansimms on September 02, 2024, 02:34:38 PM

Quote from: Shadiq on August 30, 2024, 06:13:42 PM

-snip-

There is no profit without risk, that is the law that applies in investment. When someone cannot bear the risk, then never make an investment, especially Bitcoin investment which is known to be very volatile. Someone who is already familiar with Bitcoin will try to increase the amount of their investment periodically because they believe that the price of Bitcoin will continue to increase in the future. Positive assumptions will always overcome fear, even though investors know there are risks in Bitcoin investments, but Bitcoin's past history makes their confidence grow in the great potential that Bitcoin will produce in the future. Investing in Bitcoin requires using money that is not used for other needs, in this way your investment will be safe because when you need money suddenly, you don't need to ruin your investment plan.

In general - I agree with you, but some things still need to be added.
Before anyone invests ^{[in anything]} they should make a proper plan. This plan includes how you invest your money without ruining your investment plan - meaning you should not invest all the money you have. In this case you need an emergency fund that can prevent you from ruining your investment plan - but I am sure many users ignore this one.

Of course, none of you need to be perfect from the start - but over time you have to learn and change your strategic approach to investing. I admit that I made mistakes in the beginning - it was because of my poor money management, but now everything seems to be fine.