Post
Topic
Board Speculation
Merits 2 from 1 user
Re: Buy the DIP, and HODL!
by
Litzki1990
on 27/11/2024, 16:55:49 UTC
⭐ Merited by B2Z (2)
You don't need to be very knowledgeable to invest in Bitcoin, just a little knowledge is enough. As per your statement you have already achieved that. You mentioned that you have invested in bitcoins and have been able to earn profits from it, so you have an understanding of bitcoin investing. You may also know that before investing in bitcoins you need a certain source of income that you can use to continue investing in bitcoins.


Some common misconceptions of other people since they think they need to be good first to know a lot before you can invest on bitcoin. This will just stop or delay their participation or even worse this might be the reason on why they cannot take action because they afraid to accumulate. But I guess at this point he into trading which is not advisable and been discourage to do here that's he say something about that also got afraid with good pumps gotten by bitcoin for past few days.

If they could just start right away then for sure they will be force to do more research after that since somehow its necessary once we start to invest or commit for long term we also need to learn some new knowledge on daily basis since this would help us to understand each situation happen and could provably increase our patience to successfully deal with this long term investment choice we made for bitcoin. For doubters for sure they cannot get anything for bitcoin, but for those who start their journey to hold their bitcoin for sure that they taking good decision that provably beneficial for them in future.
The beginning of every subject is difficult, if one does not have full experience of investment before investing, but one has to know about investment from the beginning and invest accordingly. Before investing in Bitcoin, many people fear that if they invest in Bitcoin, they can lose a lot of money and because of this fear, many investors do not invest. But those who are willing to take risks and are willing to invest even if money is lost, do so. But there is a big difference between investing and holding an investment for a long time. 

There are many challenges to be faced in holding the investment but those who overcome these challenges ultimately get good profit. Now many investors are holding on to their investments and the price of Bitcoin is now at its highest level, but those investors will now get a good amount of profit from their investment.