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Author Topic: Benefits of Being Early in Crypto and Protecting Against Scams  (Read 163 times)
gunhell16
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August 15, 2024, 01:42:17 PM
 #21

It's been said that high risk surely means high rewards in the end, although most of the time you always lose in the end. But when you have time, the profit you get is very rewarding.
That's why sometimes other investors who earn a really large amount of money, if they don't really take the risk, don't get high rewards, which is also correct.

So it's really up to us whether we want to be among the early investors or not, because if you're willing to take the risk, you should be first or be included among the newbie cryptos.

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jaberwock
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August 15, 2024, 03:04:54 PM
 #22

To become an early in crypto clearly benefits especially for those who can buy or mining many Bitcoin. But that will not happen again and if you are new in Bitcoin, you still have more chances to buy Bitcoin. No need to regret if you are not early because you can join now. The important thing now is how you can profit from investing in Bitcoin and you have your chances and you are lucky enough than people out there who still thinks much about investing in Bitcoin.

Securing your Bitcoin is the next thing you needs to concern because scam will be every where. If you can protect your wallet, you will be the next target of scams. Many people are trying to be Bitcoin investor and they learn many things to protect their wallet so you can learn like them and hodl your Bitcoin until you can sell in the price you want.
One can still buy today but the one that is hard to do now is to mine a crypto. Not only that BTC miners are now costly but the mining difficulty is also on its all-time high. You can end up paying more for the fees, while at the same time getting only small rewards. There are still times when we can buy more Bitcoins than usual and that is if their value collapses.

When I say collapse I only mean dips or bear market because I think it's less likely for BTC to collapse for real but if that happens then history is going to repeat for BTC. I know history can still repeat on it already because it was volatile but what I mean is the time when its value is only cheap or almost zero and then the mining difficulty is still low. It's only no point on buying or mining it anymore because people might now be scared to enter and had a trauma with it already.

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