Post
Topic
Board Bitcoin Discussion
Re: Don't jump into bitcoin investment without understanding it.
by
Renampun
on 22/03/2025, 14:44:53 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.

If you don't understand bitcoin you will panic and sell in looses. before investing in bitcoin it is very essential to take your time to understand the risks involved, underlying technology and market dynamics, by understanding this three factors you will invest in bitcoin without fear and panic, because fear and panic has hindered many investors from making good profits from bitcoin.

Though many will say since you have the funds you can start investing in bitcoin along the line you will start understanding and adopting to the system, but less face reality bitcoin investment is not all about how you start, is how you can be able to hold your bitcoin investment for a long period of time, 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.

just knowing about bitcoin will not be enough to keep you going when the Bitcoin market is volatile, to stay in Bitcoin, you must have strong faith and experience in Bitcoin.

also change your perspective on bitcoin, however bitcoin is not an asset that can make you rich overnight, getting rich is not something you can get easily in Bitcoin but if you have a long-term view of bitcoin then you will definitely get real wealth, enjoy your journey in Bitcoin, the longer you survive the more resilient you will be in facing the market turmoil that occurs in bitcoin.