Post
Topic
Board Bitcoin Discussion
Merits 3 from 3 users
Re: Don't jump into bitcoin investment without understanding it.
by
Hyphen(-)
on 21/03/2025, 21:37:02 UTC
⭐ Merited by Issa56 (1) ,Abbatty (1) ,AYOBA (1)
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.
To invest in Bitcoin looks easy for some people, because they don’t care about learning before investing, maybe because they have someone that has already encouraged them and decided to help them run everything which is very risky and dangerous because they will not understand the concept of Bitcoin investment, and they might not know anything about wallets, keys and addresses, and not knowing all these will lead them to problem because those who helped them to invest will be in control of everything and can take everything away.

However, it is true that it is less risky to invest in Bitcoin than to trade them, but the bottom line is that, in all these be it it trading or investment, you need to learn about Bitcoin, crypto, how it works and also you need knowledge about privacy and security so as to know how to keep your Bitcoin safe.

 Trust no one with your money especially Bitcoin, always lead and know how to maintain your wallet yourself before starting your investment, and most importantly, try and be patient enough because you will get maximum profit if you hold your Bitcoin for long term.