I follow these three things for Bitcoin investment, which is a revolutionary step in Bitcoin investment.
Knowledge, patience and courage play a very important role in investing in any cryptocurrency, not just Bitcoin.
Bitcoin is a volatile market, so I guess if we review it with a little importance, we can be successful through these three steps.
Knowledge: In the cryptocurrency world or crypto market, Bitcoin is a topic that is creating a stir in the world. Recently, it is being considered as the center of discussion at all political, economic, and social levels. Therefore, we need to expand our knowledge in such a way that we know about the Bitcoin market type and its technology and invest by understanding the market fluctuations and (volatility) i.e. instability.
Patience: Bitcoin is volatile and the market can fluctuate, investors need to review these issues patiently and prudently. Short-term investments can cause loss of money, so you may have to be patient and make long-term savings decisions. This long-term savings can bring you the right results.
Courage: Investors should move forward with courage without fear of market decline or crisis and make decisions based on accurate information and invest in that light. If you invest wisely without taking excessive risks, you will achievement success with success.
I think that if you follow these steps, there will be no obstacle in preparing yourself for Bitcoin investment. Above all, it is desirable to prepare yourself completely for Bitcoin investment and have a long-term mindset.
The truth is that not everyone can invest in Bitcoin, because a lot of people are not capable of doing a long term investment especially when they have no other source of income. Bitcoin investment requires knowledge acquisition, it's inappropriate to just invest in something that you know nothing about. Giving yourself enough time to learn would give you a little leverage over the market, it's important to learn before you earn. patience is an important virtue you must possess, it's a long term investment so it can take as long as a year or two Maybe more to hodl in order to get a significant profit. And I also agree with you that courage is also important, being skeptical and scared means that you are not ready to invest in it.