Post
Topic
Board Bitcoin Discussion
Re: Don't jump into bitcoin investment without understanding it.
by
moneystery
on 20/03/2025, 18:38:13 UTC
I came to understand that, many people jump into bitcoin investment, because they heard bitcoin investment is more profitable and less risky than trading, without knowing that as trading requires funds, and some techniques, bitcoin investment requires even more, bitcoin investment requires funds, patience, strategies, time, knowledge, understanding, emotion control and many more.
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if discussing bitcoin investment, it is actually simpler compared to trading, for example in trading you may need to understand concepts such as timeframe, support and resistance, and many other things, but in bitcoin investment what you need to understand is buy and hold or we call it hodl. this concept emphasizes that buying bitcoin and storing it in the long term is better. this is much easier to understand because an investor can buy bitcoin consistently regardless of the price, and then he can hold it in the long term. all that is needed is patience and away from the noise that the market creates.