Post
Topic
Board Bitcoin Discussion
Re: Don't jump into bitcoin investment without understanding it.
by
Judith87403
on 20/03/2025, 23:41:25 UTC
because starting may not be a problem but holding may be a problem, because you are to hold bitcoin for a long period of time 4 to 10 years or more.
what's too complex to learn about holding your Bitcoin? it is not even about learning a thing but just deciding that you are investing for the long term and that's it. unlike trading that if you do a wrong analysis will yield a loss, you don't need all that if you aim to invest in Bitcoin and that is the reason why there is not a lot to learn before getting started in Bitcoin investment. I can bet that a novice can learn about Bitcoin investment in less than an hour and get started but it will take a lot of you are considering any form of trading.

there's not much to learn with bitcoin investment, just learn the basics, get started and the rest is just your ability to manage your emotions so you can stay invested for the long term.



You're right, bitcoin is very easy to understand than that of trading that requires enough knowledge. However, is just like as you said earlier about deciding if we are to go for the short term or to invest and HODL for Long term. Of course this is why they need to undergo the learning process Because from there they can be able to know that Bitcoin investment is not a get Rich quick scheme, so that to prevent them from having the intention of making quick profit from bitcoin investment.

 Of course as a newbie this are the important things to know about bitcoin investment, because is obvious that most of this New investors that experience lose in bitcoin investment is Because they were not told that bitcoin investment is not something that can profit us within a short term, this is why when they wait for some couple of months without seeing a movement in the price they can decide to sell off there bitcoin regardless to it current value. Because they don't intend to hold it more than that, this is why is very important to let them know that Bitcoin investment is not something that can profit us within a short term.