Bitcoin Forum

Dear bosses, please give me some advice so that I can avoid taking some detours. :)

 when you mentioned the dark side, what exactly are you talking about? And you mentioned currency, but which one are you referring to? It's important to understand that cryptocurrencies are different from regular money. So, next time, use either cryptocurrency or digital currency when talking about them.

Now, here's the deal.  Bitcoin it's not the same as other digital currencies. While all of them come with risks and can be pretty unstable Bitcoin tends to be less volatile than the others which you might hear people call altcoins. But whatever coin you're thinking of investing in, you should  do your research first. That way, you'll have a better idea of what you're getting into and can lower the risk of losing your money or initial investment.

Also, remember to store your coins properly. If you don't store them properly, hackers or scammers could swipe them. And avoid linking your digital wallet to sketchy websites offering free tokens or airdrops. I hope this covers what you needed, but if not feel free to ask for more details so others can assist you better.

The Bitcoin and cryptocurrency space is absolutely filled with scams up and down, left and right, and the only way for you to not get scammed/hacked is to educate yourself. There's no other way around it. Even a lot of the influencers are scammers.

https://chainsec.io/scams

The ability to be your bank,  though an advantage can also be a disadvantage if you knowledgeable or well equipped to secure your funds.
Never compromise on security because any damage is hard/nigh impossible to rectify.
Like the saying before learning to on a machine as an engineer first learn how to off.
Similar here and I would say before entering into the crypto world educate yourself on how to secure your funds. This is more vital than learning about chart and all.
In the grand scheme of things, crypto like Bitcoin don't really need chart to show you how to hold but learning to secure your funds should be first.
There are various methods online even The forum here can boast of 100's of thread about security wallets.
The sea is vast with abundant games
You just have to be a good fisherman/woman.

Crytop coins a volatiles and while some are reputable coins, some are shitcoins and can be dumpy.
Keep most hyping coins on suspect for they can be dramatic and magical to the lost of your funds.
Remember once you invests in any of the Crypto currencies such as bitcoin, you've become your wallet which holds your assets has become attractive to scammers and your inability to keep your holdings privately and secured would also picture you to public threats where people would want to harm you to steal your funds.

The fact that Bitcoin broke the ATH before halving, this means that the four-year cycle differed slightly, making it difficult to predict, which may cause losses for all investors and thus a higher possibility of achieving losses for beginners, especially since they usually come in the coming months when prices rise strongly and the opportunity for free profit is available.

Everything has a dark side, what you need to do is know the way you choose, study it and analyze it. If we make a mistake on the way we choose, then we must ensure that we will not do the same thing in the future. That way, you will find your own way

Yes its a big change, I wonder if the market would flipped right away or will make a new milestone and continue a price discovery for all tokens especially bitcoin. Bitcoin halving is a significant event on crypto and we saw that happened when halving occured last time a mega eipc bull run. If history will repeat then we can see bit of new ATH or possible opportunity but not advisable to buy yet since its pretty volatile.

Investing on the right coin as a beginner matters a lot and do your own research on that coin to know more about the coin. Bitcoin is the king of it all, and if you must invest in bitcoin, let it be in a long term. Don't see bitcoin as a get rich quick scheme.

Only invest with the amount of money that you will not be needing for a very long time. Don't store your coins in an exchange but use a noncustodial wallet that only you have the keys. Don't trade if you don't have the proper knowledge, because trading is very risky than investing and hodling for long-term.

You have heard about many opinions and you could as well do yourself good by constantly going through some of these replies, in my own additional contribution on this, remember that everything has both the positive and the other aspect of it as challenges, if you're to inevst in any digital cryptocurrency, you need to make research and avoid ding things without the knowledge of the implications for  doing such, now we are in the bullrun and this circle has it own way of being profitable if we are on the right track and same also we can see some loosing, the market rises and fall at anytime as we keep having new all time highs, we need to be careful and also avoid scam by understanding their various means to launch any.

Avoid scams by staying away from 'too good to be true' offers and by having better security knowledge and practice.

Security check list (https://chainsec.io/checklist/)
Security & Resources (https://www.lopp.net/bitcoin-information/security.html)
Beware of "Pay original fine" - a scam method (https://bitcointalk.org/index.php?topic=5279288.0). Some derivative scams from it like "Send 0.1 ETH, receive 0.2 ETH".

that's right mate everyone of us here in this forum must know that bitcoins had less volatility compared to other altcoins  but this is not mean that Bitcoin is easy to invest cause we all know that once we are in our investment then a lot of trials we face one of that is greediness, and loss control cause there's a time that the price of Bitcoin will go down and down so we need to control our emotions and have a discipline in order to prevent losses cause after the down price there's a chance that it will go up higher and higher.

We have opportunities to explore the market because we're accessible to legit information circulating the space. Cryptocurrency is not for newbies but for professionals, the ones that knows what they're doing and not jeopardizing or gambling with the market. Remember that the slightest mistakes will results to losses. Bitcoin have already made the pumps before halving takes place and this have been one of the great news these investors looking forward to hear.

One could argue that this is because bitcoin has gained more recognition which has made more people want to invest in bitcoin before the halving so they can make a profit. Or, it could be that more people now know about Bitcoin halving and investors invest heavily to make more profit.
I think there's a relationship between EFT approval and a new ATH before halving.
ETF approval didn't cause the ATH, but it could have created more awareness so to speak, and have somehow brought more investors.
Also, it is now common knowledge that bitcoin price pumps after halving, so investors are investing as early as possible to get more profit and this could lead to a constant rise in price.

I would say that you, OP, are already on the dark side. Your interest in altcoins, with little experience, will definitely lead to trouble. And the fact that you look at Bitcoin incorrectly, believing that only people who have extra money can own it (I read your post history), is also a mistaken opinion. It is easier for beginners to first get acquainted with Bitcoin and try to invest in it than to trust those “rich” tokens that you are so openly looking for.