Bitcoin- Beginners fear for exploration

[lovesmayfamilis]

I would start checking the validity of your friend's words myself. Start reading this forum slowly and asking questions you don't understand. It is better to ask the opinions of several people and add up your own than to listen to a boastful friend who himself cannot explain the basics of bitcoin to you.
Subsequently, as you begin to understand more things about bitcoin, ask your friend a few questions. You can easily test his knowledge. Will he be able to tell you correctly, or are his words just boasting?

[AakZaki]

If you already have a friend who is successful with bitcoin, you need to ask him directly. listen to his advice and what you should do. Lots of advice for beginners to be successful with Bitcoin. But remember, some people also suffer because of Bitcoin because they don't know what to do. You have to learn the initial knowledge about bitcoin, trading, investing and the like, so you won't fall into a panic when holding Bitcoin or when starting to invest. And remember, don't just look at other people's success with bitcoin, they must be hiding the losses bitcoin has caused.

[Kasabus]

I also have the desire to get the benefits of Bitcoin and other crypto currency. but as a newbie, I still have this fear that I may not be able to withstand the risk involved. Can anyone advice me on this?

Even though everyone here believes that Bitcoin is not going anywhere and that it will be worth much more than it is worth now, it is still a fact that its a high risk investment.

It is normal to be afraid to be afraid of something that you don't know much about so what you can do is educate yourself about all the pros and cons and if you are still afraid and think that you can't handle the volatility and being responsible for safety of your money, better stay away from it.

My point also is that if you keep on thinking that you can’t withstand the risk, then you won’t really be successful in any investment endeavor since all investments has its own risk. Instead, focus on positivity and that you can do everything as long as you become educated on the investment you are going to enter. Risks will always be there, but you can always lessen the risk and take advantage over the investment if you can understand well the nature of the investment and how it will be profitable in the long run.

[Vaculin]

I have a friend who speaks so much about how good he's life has become ever since he explored the world of BTC and other crypto currency. I also have the desire to get the benefits of Bitcoin and other crypto currency. but as a newbie, I still have this fear that I may not be able to withstand the risk involved. Can anyone advice me on this?

Risk isnt an easy conquest and a lot of fears actually. Maybe many people says that crypto is one way to do a good fortune and escape from financial problems. But it can also be your worse nightmare. Some people or lets say many have loss their hard earn money believing their life would change but instead got broke. Its a million times learning in crypto so if you dont do your job of studying it carefullu then its gonna be a mess around.

True. You will never be successful in your investment and you will never withstand the risk if you stay uneducated over your planned investment. Bitcoin is a risky one, so the more that you will study on it thoroughly and understand its concept well so you can expect positive outcome later on. Remember that no risk, no gain. And if you are willing to take the risk, then make sure you are prepared for it.

[Zlantann]

I have a friend who speaks so much about how good he's life has become ever since he explored the world of BTC and other crypto currency. I also have the desire to get the benefits of Bitcoin and other crypto currency. but as a newbie, I still have this fear that I may not be able to withstand the risk involved. Can anyone advice me on this?

Your friend should be generous enough to tell you how Bitcoin changed his life financially. And the OP claimed that his friend told him how the sector has changed his life but did not confirm or ascertain if what his friend said is true. So I want to confirm from OP if his friend's words is synonymous with his pocket or standard of living.

It is possible that Bitcoin can change the life of your friend especially if he is one of the fortunate early hodlers. But recently the Bitcoin space has not been profitable and anybody telling you that his life has changed because of the sector might not be speaking all the truth.

There are some important virtue that you need to be successful in this sector. They are patience, bravery and courage. You need patience because you have to buy the deep and sell when the price goes up. And sometimes the bull run is unpredictable that's why you need patience which will make you wait and not sell because of impatience. You need courage and bravery because you will hear different predictions and attack by some anti-bitcoin forces predicting the doomsday of the coin. You need courage to hodl even when it looks like you are losing your funds. You need courage to stand strong in the face of intimidation and opposition.

[Smartvirus]

I have a friend who speaks so much about how good he's life has become ever since he explored the world of BTC and other crypto currency. I also have the desire to get the benefits of Bitcoin and other crypto currency. but as a newbie, I still have this fear that I may not be able to withstand the risk involved. Can anyone advice me on this?

You've said very little but yet, so much to define your stands in the event of a lose from your investment. Practically, your stating that, you hope to invest and not lose in the process which very much makes that which you hope to invest what you ain't ready to lose.
Yeah, bitcoin is the one crypto currency with a promising lead as an asset of value which, your lose or gain is very much defined by how long your willing to let your investment hang for a time to profit or go with the FUD.
The principle for now to ensure you could go with the market pressure and volatility is to invest what you can afford to lose. Until you've got that spare fund, you just might not be ready yet.