Quote from: Stepstowealth on January 31, 2025, 11:29:52 PM

Quote from: Shadiq on January 29, 2025, 01:57:42 AM

As a novice investor, before starting your investment, you need to make sure of the following:
1. A reliable source of income or an alternative income source.
2. Basic knowledge about Bitcoin and investing.

Knowing where and how to get help in situations where you meet challenges that are bigger than yourself and what you can handle is also very important for you that is a novice in investing. Plenty of people who are new to investing have made big investments mistakes from their very first action simply because they had little access to places where they can ask questions and get answers. This place is a blessing because questions can be asked here, and as a newbie investor being a member of this forum, you should take full advantage of. Many people dey wey never hear of this forum, so na steady mistakes dem dey make.

The mistake many investors make is going to get informations from random people on the media that mislead them into wrong crypto investment options for instance trading, they buy bitcoin and instead of hodling for a longer period they tend to trading with it thinking their market analysis would help them generate more profits but it always backfires cause trading with bitcoin comes with a very high risk.

I saw a video of the famous femi kuti being all angry and calling crypto currency a big setup and scam cause his sister lost about #50m to it, truth be told, she made a wrong crypto investment cause if she had invested such amount of money into bitcoin for a full cycle then I don't think he'll be ranting on that video but would rather be seeking knowledge from her concerning the right cryptocurrency to invest on.

Anyways the forum is an eye-opener when it comes to knowledge about crypto currency at large and the most important thing is that it would teach one about the best coin to invest on which is bitcoin, it's a very big privilege to be here and those who are not opportuned to know this forum are missing a lot.