Post
Topic
Board Bitcoin Discussion
Re: Bitcoin is risky
by
dezoel
on 03/09/2024, 17:10:33 UTC
Undoubtedly, Bitcoin investment can be risky but not as risky as most people may have it, it is always advisable to invest the amount of money that is more like a Left over or disposable income after taken care of our living expenses which is very important and essential, even though we can not completely rely on history which of course has given us so much guides, Bitcoin has proven to be a good coin with a solid foundation which is also meant to reduce the feeling of risk that should attached to it.
It's all about doing enough research and understanding everything before one gets involved financially because when you are entering a financial market, you need to understand how things work around it and how to avoid or mitigate the risks involved with trades or whatever you do there. When it comes to the cryptocurrency market, it is extremely volatile and unpredictable, so when someone is starting their journey here, they should do enough research before they begin even if they are going to invest in Bitcoin.

Every investment certainly has risks in it and to be able to avoid risks, good knowledge is needed about the investment that we will run
Exactly, most newbie investors make the mistake of ignoring the fact that they need to have enough knowledge before they start, so they start buying cryptocurrencies right after hearing about the market because they think it's very easy to earn money from this market which isn't true.