Quote from: Ricardo11 on Today at 03:53:50 AM

Quote from: AirtelBuzz on Today at 01:24:07 AM

Quote from: Out of mind on September 08, 2024, 02:33:46 PM

I would say that Bitcoin investment is risky for people who are not experienced with Bitcoin, moreover Bitcoin is the most reliable coin in cryptocurrency. But it is true that every person should be cautious before investing, otherwise it is always good for a person to be cautious as he may face losses at any time. Those who are new to Bitcoin investment should not only acquire knowledge about Bitcoin but also have long term plan in mind as investing is never profitable if it is short term. When an investor invests he must hold which will give him good success in future so investing in bitcoins cannot be profitable in short term so invest for long term. Patience is definitely one of the most important things in investing, the more patience one can achieve in the future, so knowledge and experience and patience are necessary for all investors before investing.

I would like to disagree with you because even those who have basic knowledge about bitcoins are not completely risky in bitcoin investment if they hold their investment for long time. I also didn't come here to invest with complete knowledge but tried to increase my investment experience by buying bitcoins every week with the money I had. Remember that every investment involves risk, be it small or large. When the price of a coin falls in the market, the level of risk for investors increases. Similarly, when the price of the coin increases in the market, the level of success of the investors increases.

By investment risk we may refer to market down or dip season. A dip in the market is a test for investors. Those who are able to patiently hold on to their investments without thinking of selling during the dip season reach the peak of success during the bullish season. Invest with a risk-averse mindset and have the determination to hold on to whatever the market conditions are.

By continuing to invest regularly, over time you will get to know knowledge and experience Bitcoin and Crypto all by yourself.

You are not encouraged to go and know anything else other than bitcoin. The moment you deviate from Bitcoin and venture into any shitty stuffs in the name of crypto just know that you are putting yourself in a harm's way and you are on your own, you should also be ready to bear any consequences that arises from it. Often times investors are encouraged to do their best and limit their investments and knowledge to Bitcoin alone. And I find it somehow that you are coming to a major thread as this, that's fully dedicated to Bitcoin and be talking about having knowledge about crypto. Fuck crypto and it's knowledge.

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And we should look at the market's deep season as an opportunity and not a risk, the more we invest when the market is deep, the more success we can achieve in the bullish season, because when we can buy at a lower price when we buy, it will give us more profit later.

These are the mindset of traders, they are always the ones that are more inquisitive about getting their investment done when the market is in the dip, as they are always eager about the profit they will get within the shortest interval, when there is a market reversal. Long term investors as we are always encouraged to are not usually concerned with the market conditions that they are making their investments. Long term investors believe that irrespective of the market condition they are investing on, they stand a chance of making profits at the end of their holding period. So as long term investors don't just focus on the dip alone to invest more, rather adjust your investment as according to the level of your disposable income.