This initial post just made my day!
I am about to purchase my first bitcoin (waiting for the money to be transferred) and i made myself some rules for the future with crypto currency, e.g.: Save 90% of the raw BTC in a cold wallet and go with 10% and learn trading..this is where this Thread catches me.
At this point i have a bad financial situation, but a well-paid job to cover anything that may happen if everything brakes down.
So my life is not fine but secure and now i have the opportunity to learn trading while i am covered by a good "normal income".
The thing about trading is..
Everyone just says: "It`s easy, just buy when xyz is low and sell when xyz is high"
But thats only the goal and what it is to be learned is the path!
How do i know that xyz is low right now and wont go much lower?
How do i know that xyz is at its peak and wont go up before it goes down first again?
I just dont know that by now and THATS what its meant by "dont give up" in my opinion.
You need patience and time to observe the market, observe your decisions and probably the first attempts are just "ooooh that went baaad", but you learn from it.
Reading in this Forum and undertand what people say is a huge bonus and could accelerate the learning process.
Right?
This new crypto-currency thing is in its early stages (yes even today, after almost 10 years) and it has much potential and gives great opportunitys for everyone that may take a risk.
I want to take the risk...my amount of money is small compared to many others around here, but to multiply it would be a very very big step in a good looking future.
I bet everyones dream is that they start here like me and got PMed by an big and successfull trader who guides and teaches them through the first years.
But that wont happen and its all on you (resp.: ME) to learn and read and fail in the beginning.
This were just some thoughts of mine and maybe they encourage others as they encourage me.
Lets do this