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Author Topic: How to overcome the link between Beginners and Bitcoin Anxiety.  (Read 374 times)
Fara Chan
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March 01, 2023, 05:25:23 PM
Merited by fillippone (1)
 #21

I pulled a little from the big subtitles, I think the anxiety of beginners and Bitcoin is familiar to hear, so of course it seems that this statement does not escape beginners, both in their understanding or investment in Bitcoin, one of which we give an example they make investments using borrowed money, whether obtained from relatives or the bank, isn't this an ineffective job to do?

(1) Detailed understanding of the nature of Bitcoin: It is important that you understand what bitcoin is all about; it is not about purchasing when the price is low and selling when the price is high. It's essential that you know the details of what you're buying and holding, you'll be amazed to discover that the more you learn about bitcoin, the less worried you'll be about price volatility.

These tactics and strategies are familiar, the work of buying when the trend is low and selling it when the price is high is a method that is generally done by someone and this is part of what is called investing, this method is used both in investing or something like that, because it is very it is important that they need to study in great detail about the nature and cycles of the individual Bitcoin charts.

(3) Avoid investing money that you badly need: In order to avoid worrying about the price later in the day, you should never borrow money or use emergency funds to buy bitcoin. Bitcoin is not a fast get rich fast on the internet investment.

This often happens to those we said earlier that they don't understand in detail the first point (1) that the OP said earlier, their lack of knowledge makes them unable to control it properly, and also don't understand what the real meaning of what is said with Investment and the aspects the most important thing is in Investment, especially as I said above choosing alternative options using loan capital to start investing, even though this is very risky it's just that they don't realize it.

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March 01, 2023, 05:33:03 PM
 #22


(2) Always ignore the FUD: Bitcoin has been around and would continue to stay for people who believe in it, don't listen to fake rumors, bitcoin says you shouldn't trust anyone but verify it yourself.


Great summary and advice for beginners to look into and understand.
Most beginners will easily get caught in FUD because sometimes they don't fully understand the basic knowledge and have an unstable or easily influenced stance.
I'll admit it's not easy for newbies new to crypto to encounter FUD when the news circulating is processed in such a way as to make sense of it to the beginner's mind.
In my opinion, learning and understanding basic knowledge and good emotional management are some of the important things that beginners must have to get involved in cryptocurrency and to avoid excessive worries.
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