Post
Topic
Board Nigeria (Naija)
Re: Things you need to know before investing in Bitcoin
by
Fiasem20
on 21/08/2025, 15:17:37 UTC
1/ Money
2/ Patience
3/ Caution (Being Active)
To be honest, both knowledge and money are essential for investing in Bitcoin.Having extensive knowledge about Bitcoin is useless without the capital to invest,and having capital without basic knowledge can lead to being vulnerable to crypto hackers.Therefore,I believe both knowledge and capital are crucial for successful Bitcoin investment.
Patience plays a crucial role in Bitcoin investing.Without it, investors may suffer significant losses in the short term.The need for patience stems from Bitcoin's long-term appreciation trend, which can be hindered by impulsive decisions based on short-term market fluctuations.