Post
Topic
Board Speculation
Re: Buy Buy Buy or Sell Sell Sell?
by
DubemIfedigbo001
on 03/06/2025, 05:40:36 UTC
Yes, in Bitcoin investment, not panicking, investing regularly, maintaining financial management, and being patient in the market cycle are very important. However, along with these, another more important thing is to gain investment education and knowledge. Before investing, it is very important to learn about Bitcoin technology, Bitcoin market structure, influencers, and investment risks. There are many investors who invest only because of other people's words or hype, or sometimes out of greed. They themselves have no idea about the potential risks of Bitcoin technology and market structure. As a result, they panic and face losses when they see the market fluctuate.

Bitcoin is a digital asset that is vulnerable to cyber attacks. There are many investors who are unaware of wallets, exchanges, or security, which can make them victims of hacks or fraud. Therefore, proper security management and proper wallet use should also be kept in mind. In addition to all this, it is necessary to regularly monitor market news and global economic conditions and have regular knowledge about this. Specially new investors should carefully consider these issues before investing and then invest, so that their financial risk is less likely to increase.
People who get into bitcoin because of adverts from influencers and not of their own conviction are already started off on the wrong foot. This is because they would not have understood bitcoin for what it is, neither would they have the knowledge of investing into it properly. Most of them would go to the extent of using money meant for their expenses to buy bitcoin since the influencers would only introduce FOMO and not an actual investment guide. They have no investment nor continuity plan and are mostly target quick profits and tend to treat BTC as a gambling kind of coin. Information from influencers are not directly action worthy, they mislead lots of people

It is important to understand bitcoin for what it really is before proceeding to invest, that is why every investor is advised to DYOR on any information you get on the internet space. Sometimes the understanding comes after making some initial mistakes, most investors, including myself came to know and appreciate bitcoin for what it really is after a history of mistakes and the decision to learn from your mistakes and do the right thing is remarkable. Bitcoin is to be approached with an investment mindset which consists of ensuring you invest with your discretionary income, have an accumulation target in mind, have your consistent buying amounts and with a long-term holding period, very important too is the building of backup funds like emergency fund which would prevent your investment from being tampered.

Quote
For this reason, equal emphasis should be placed on investment education, market analysis, diversification, cybersecurity, and mental preparation before investing.
You practically do not need all these to get started, simply understanding bitcoin for the valuable asset it is, a desire to accumulate it and availability of discretionary income is what you need to get started, you can learn other detailed aspects that you wish as you advance into your accumulation journey.