Bitcoin enthusiasts think in different ways and are confused about what is right and what is wrong. If you are in this situation, then first you should know about Satoshi Nakamoto's cryptocurrency. Why and for what reason the journey of cryptocurrency started. No matter which sector you invest in, there will be risks, to be risk-free, you should first know and understand Bitcoin well. You should do more research about Bitcoin. Because Bitcoin is known as the best currency of the present time. And Bitcoin is also in high demand. There are Bitcoin investors in all countries of the world. So before investing in Bitcoin, you should keep your mind and eyes and ears open. Because there are many possibilities of hacking in Bitcoin and the cycle is endless. People think more about how they can steal your money. You should always be careful. When investing in Bitcoin, you need three things.
1/ Money
2/ Patience
3/ Caution (Being Active)
You cannot invest without money. So whatever you do, try to keep some money aside for investment.
If you invest without patience, you can lose your money. Suppose you have invested for 4 years. But after a year, your patience waned, and you sold your investment in hesitation, due to which you will fail in your investment. However, if you can invest patiently, you may be successful. Try to invest as long as possible, it will be more profitable if possible.
Caution, whatever you do, first of all, caution is needed, such as using a helmet while riding a bike for caution. To make life risk-free. Or wearing a seatbelt before driving a car is also a precaution, so that the risk of death in an accident is low. So you have to be careful in any work. The same is true in investing.
Do more research about Bitcoin, I hope it will be profitable for you.
Your comments in terms of caution and motivation are right for new investors. When someone invests in Bitcoin, they should first ask themselves why they are investing just because of the popularity of others or with hopes for the future. If they invest only because of the popularity of others and thinking about the profit, when the market falls, they will be mentally broken and face financial losses. But when they start investing with a goal in mind and hope for the future, they will remain steadfast in that goal and will not deviate from the investment in any market situation. Therefore, before starting to invest, they should also have an idea about their goals, market conditions and global policies. Investment is not an emotion. Therefore, a real investor should enter into investment based on logic and information.