Post
Topic
Board Economics
Re: Other businesses and Bitcoin investment.
by
justdimin
on 09/10/2024, 09:14:59 UTC
For the matter of knowledge of course it comes back to how big or how strong your intention is to learn, simply if you have a strong intention and determination then over time you should have at least a little knowledge about what and how to invest in bitcoin. But it is a fact that unfortunately most beginners focus more on the benefits but do not learn the various important things that will actually be a guideline in their journey so that in the end instead of making a profit but what happens is they experience significant losses.

Basically, however, investment will always be a risky activity regardless of the type of asset, so of course I also agree that risk management is a very important aspect that must be known, understood and owned by an investor, especially beginners. Another thing is that a strong mentality and psychology are also abilities that must be possessed by an investor, this is a very useful ability, it can lead to risk management such as avoiding feelings of panic when seeing asset prices fall and can also help you maximize profits by not feeling hesitant when you want to make a decision.
Unfortunately, you are completely right about the newbies. I have seen too many newbies who end up investing into bitcoin without knowing anything, and then go for alts and new tokens and even meme projects trying to make as much as possible, which ended up being a terrible idea and caused a lot of issues as well.

I believe we are going to face a ton of problems with this, and we shouldn't really have anything that hurts you on the long run neither, it has to be something that you have some idea towards, and wouldn't really be a big deal. I understand life isn't fair for poor people but trying to get rich very quickly isn't the way to get out of poverty, no matter how much they try, they will always lose money.