Quote from: Bright0515 on May 06, 2024, 01:31:56 PM

from this link, it is very important to know how something works before going into where as going deep into research to know the steps to take to be successful in your investment.
I have read many Posts in this forum which indicates that many people don't know what to do many business persons fail in their business cause they don't follow procedures some just venture into it cause others are making success. Recently I saw a post where the writer was asking what should he do if someone tells him they would hold him responsible for their lose if they invest in Bitcoin. Bitcoin and investment is not something to force someone into.

Today I took my time to make this research of Bitcoin investment and I found this so I decided to share.

THE HALVING AND BITCOIN MINING: 3 THINGS TO KNOW BEFORE INVESTING IN THIS EXPLOSIVE INDUSTRY.

As at early 2018 when I heard about cryptocurrency following the 2018 cryptocurrency crash most especially the Bitcoin so I was eager to know more about how the system works so I go online and do more of research which YouTube and other channels have been of help then so this seriously helped me to sharpen and reshaped my mindset and how I look at the crypto world in general. In a couple of months of thorough research and dedications I make my first investment on Bitcoin, dogecoin, Ethereum and Litecoin fast-forward I held the asset for about 3 years & few months and the ROI really worth it, all the investment did very well I could still recall vividly dogecoin price hit 0.682/$ as at May 2021 following the remarks made by Tesla CEO Elon Musk by January 28, dogecoin increases by 339% is among my best investment that year.

I was able to make all decisions because I took my time to make a proper research about how the system works and understand the risk involved and readily to take the outcome of it. Having proper knowledge how things work can't be over-emphasized.

Below are some of the things I think you should put in place before investing in Bitcoin or any crypto in general;

1. Get educated about the investment

2. Know the Risk involved (crypto market is highly volatile)

3. Be security wise because a lot of crypto wallet as been compromised. Know how to safely store and protect your asset. I will advice you to store your asset in a private digital wallet e.g Trust wallet, Blockchain, Ton wallet, Meta mask etc and make sure to revoke any third party site connected to your wallet after use to avoid loss of asset. And you can also use physical cold wallet eg Tangem, Ledger Nano S plus they are highly secured just make sure you keep your phrase words for your private digital wallet secured let no third party gain access to it or else you you may lose your asset and protect your physical cold wallet by all means to avoid lost.
4. Beware of some taxes that come with buy and transacting a cryptocurrency in some region eg Japan.
5. Be updated about things happening around(fundamentals news): this may prevent you from lost because some exchange may delist some instrument and if you are not conversant with the news you may hold for years and have no where to sell.

Olacryptoex12

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