Over time now, I've got to learn on so many things regarding investment, we should not be influenced by our decision base on what others are doing , instead we should sit more tight to discover on how we could also adopt a strategy that may best fit in for our investment and then work on it until we made it a reality, many have been so entangled by what others are doing and they don't seem to understand what is ahead of them or expected of them to do at some point while investing.
That is why before we can invest, we have to learn more and more, understand the nature of the markets and have the ability to hold and make right decisions that could contribute more to our interest than being on losses, we may think all these don't count, but at last, they do, since the decisions made by us today will always be a reflection of what we see tomorrow, because there is no magic in what we do, but we have to be intended for making the right choice investing.
If someone wants to invest, then it is imperative that they have an idea about Bitcoin. But don't take too much time to gain this knowledge. Because the content of Bitcoin is very vast. There is no end to learning here. With time, new things are coming, people are researching and working on them. So if you spend too much time learning all this, then many more opportunities to invest in Bitcoin will be missed. You must have a basic idea about Bitcoin and its security.
You have talked about understanding the nature of the Bitcoin market, in fact, no one can say exactly when the price of Bitcoin will increase or decrease and how much it will decrease. However, after a long time, the price of Bitcoin has increased many times, we can understand this by looking at the statistics of the past. And it is clear to us that if one can hold Bitcoin for a long time, he can get a lot of profit from Bitcoin. The easiest way to invest in Bitcoin for a long time is to follow the DCA and invest with discretionary income. In addition, if create an emergency fund reserve fund, that can solve any strategic problem without having to sell Bitcoin... In fact, instead of using Bitcoin as trading or gambling, we should see it as a means of future security for ourselves and our families.
It is important to have basic concepts in investing, but it should be continued not only before starting to invest but also after investing. To have a clearer idea about investing, it is necessary to have basic concepts and financial knowledge. However, young people are still learning and they need more practice. Mistakes can happen, but learning from mistakes and limitations create opportunities. It is also important to spend some time a week learning basic concepts, learning and following financial matters in addition to studying or working. Regular learning and planning based on your own experience can be the key to success. Therefore, to move forward on a safe and sustainable path, you should increase your basic concepts, financial status and future planning.