As a beginner trader you should focus more on learning the basics and dynamics of the market, the mistake a lot for newbies make is that they want to dive into trading without gaining proper knowledge on it. Understanding the financial market doesn't take just a month or two, you need to dedicate enough time to study and research, you must learn before you earn. Another thing that can help you in your journey is to find an expert or mentor that can guide you, this doesn't mean you should go for those that charge too high for their mentorship classes, spending all that huge amount of isn't necessary.

In my opinion I would say people who are focused on making money are constantly busy, they don't have time to always be available and you can't find them goofing around. The economy is tough and money is hard to come by, for you to make money you need to put in a lot of work and consistency after all nothing good comes easy. People who focus on money are purpose driven, a lot might call it obsession but how else would you survive of you are not intentional about making it in life. The economy is hard especially in Africa and if you don't focus on making money you might get frustrated.

Volatility is a constant dynamic in the crypto market, if you get used to this you would be expecting anything at anytime and also know how manage your trades. It's normal for the market to undergo fluctuations which might be a result of some certain things. Understanding the technicalities and movement of the market can give you a leverage and this can also help you reduce your losses. The financial market isn't something you can fully comprehend in a short time, it takes a lot of time to gain mastery over it. In order to minimize your losses you must understand the concept of risk management, learn to take responsible risks.

Time is a valuable currency you must use it wisely, a lot of people don't know that every second wasted is an opportunity they can't get back. For those in their late twenties that thought that they had all the time in the world before chasing their dreams, time moves fast and before you know it you are 30 years old. Utilize every second and minute you have by investing in yourself and try to be better. If you have something that you want to do make sure you get it done, procrastination is the beginning of failure, if there's something you can do today, there's no need to tell yourself you'll do it tomorrow, learn to be disciplined.

It's true that some are born into a poor home, but it's your choice to remain poor. We live in a digital age where you can take advantage of the internet and become self employed, there are so many things to do that can Make you earn money without depending on anyone. One thing that really causes poverty in an individual is excuses and laziness. If you have opportunities around you, take a hold of them instead of making excuses. Another point to look out for is the mindset, poverty isn't just the lack of money but your mental construct also matters, most people are poor today because of how they think. Lastly, people are poor because of mismanagement, they can't multiply whatever they have, they prefer to spend lavishly and always go back to square one.

How can you expect a robot to give you a good business plan that would be profitable? The mistake we make now is that we think Ai is capable of doing anything and we give it too much reliance. Ai can make our work easier and faster, no doubt about that but when it comes to making a business plan you need the input of humans, after all it's a human world and not an ai world. For you to make a good business plan you need more than just suggestions and that's the only thing that ai can give you, there are lots of things that you must put into consideration if you are going to come up with this. Chatgtp is a bad idea to do this.

Before investing in crypto currency you must devote a lot of time to acquire knowledge, it's proper to focus on learning before you think of earning from it. Although Bitcoin investment doesn't require much learning process, this doesn't mean you shouldn't do some research about it first. Instead of pressuring people to invest in Bitcoin tell them about the importance and value of it, you can also show them how much benefit you have gotten from it. Persuading people to make any form of investment isn't really advisable, especially if they are newbies. After hodling for a period of time and it's goes through a big dip, they can blame you for the losses they are incurring.

I wanted to ask the same question like the other mate have asked already. It seems this is a thread that allows only quality post.

appealing to investors who don't want to hold their own coins, which I get it, to an extent. An investor may want to gain capital appreciation from Bitcoin long-term, without worrying about losing access to their keys. It's been also said that ETFs are convenient in terms of regulation.

Before Bitcoin, legislation is what protected your property. Examples following.

• If you buy a car, and a thief steals it, you have all the papers to prove it belongs to you.
• A thief can't just steal your house, because it's yours on paper.
• You can't have your company stolen.

This "mechanism" attracts investors. An investor won't buy a million dollars worth of gold, to keep it to their basement. Instead, they would buy a promise of that gold, because in the end, all they want is the capital appreciation, not the gold per se. The real gold is guarded and kept on secure vaults, inside banks. A thief can't just steal that gold.

How certain can investors be for the security of a Bitcoin ETF? What's the difference between that, and a centralized exchange? Both are supposed to safeguard their setups, yet we frequently notice centralized exchanges suffering from cyberattacks, resulting in clients' funds being stolen.
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The so-called crypto-currencies, such as Bitcoin, are exactly like our hypothetical crypto-post. From the outside, Bitcoin looks similar to traditional currencies. It is a system that has units which are transferred between people. If you have a bank account or a banknote, what you have is some name such as USD, EUR, or GBP, and a number that represents the quantity of units in a banking system. If you have a Bitcoin account you also have a name - BTC and a number that represents the quantity of units in the Bitcoin system. But the catch is that the units in the Bitcoin system are empty. They are like envelopes and boxes in our crypto-post. They are containers that hold nothing.

On the other hand, units of traditional currencies are containers that hold something. They hold a debt-based resource. Namely, these units are created as loans of commercial banks to individuals and companies or as purchases of government bonds by central banks. So if you have for example dollars you have something that the US government and millions of people need for satisfying debt owed to the US banking system. If your neighbor has a $500K loan with a mortgage on his house, while you have $500K you have something that can save them from the mortgage. In short, you have an asset, a resource needed by your neighbor. Just like letters, documents, and products held by envelopes and boxes are resources needed by people.

Given that units in the Bitcoin system are not created by issuing loans or purchasing bonds, they are empty. They are like envelopes and boxes that hold nothing. Often, people say that Bitcoin is simple and thus better than a complex banking system that manages fiat currencies. But of course Bitcoin is simple given that it manages empty units. Fiat currency units hold debt and managing debt is complex. It includes credit assessments, contracts, collaterals, foreclosures, etc. Implementing those requires both people and infrastructure. With Bitcoin, the author just wrote a protocol that tells people: "You have 10 units", "you have 0.5 units", "you have 50 units", etc. But units of what? A company? A tangible asset like a precious metal? An intangible asset like a patent, copyright or license? No, none of that. In the Bitcoin system, people have units of literally nothing, units that are empty, that hold no asset. That is why it is so simple. Managing empty units is simple. But extremely dumb. Just like it would be managing empty envelopes and boxes in our hypothetical crypto-post. With Bitcoin, such managing even requires the consumption of enormous amounts of electricity. That's why Bitcoin is the dumbest thing ever invented.
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I can't advise my friend to take the same step orders are taking just because you're making it. But I will only advise him or her. To work more hard, to become more greater than them.