So if you are a beginnner in the space, here are a few things I wish someone told me early on:
1) Losses are part of the game. Losing your money doesn’t mean you are a failure, It means you’ve learned something, if you take time to understand why the lose happened in the first place.
2) Don't be in a hurry. The reason why most newbies tend to loose alot is because they jump into every green candle they see without taking time to understand why it was so.
3) Risk managementt: The market is highly volatile so never carry your "house rent" or "school fees" to invest into crypto. Always invest what you can afford to loose.
4) Practice DCA Strategy: For example you have a $100 as capital, never invest all of it into a project at once no matter how promising it is. Always try and spread your capital using installment acrross different point in time.
So if you are thinking of quitting. Take a break and remind yourself that you are still learning and growing and that winner's never quit. One love ❤️
Lack of patients is what causes most newbies to give up investing in Bitcoin and other cryptocurrencies quickly but when there's patients they can take their time learning the basic knowledge, and If they overcome losses or other challenges during their investment, they will understand that it's a common occurrence in cryptocurrencies. And also investing in Bitcoin is worth investing ompared to other cryptocurrencies, while there is no guarantee that you will make a quick profit when investing in Bitcoin, investing investing in Bitcoin for long term can yield significant profits, if you are patient and willing to endure market fluctuations. Start small and invest what you can afford to lose.