Good write up OP!!! I am happy when I see members that put in effort to come up with a post. These posts might not be perfect but somebody might learn something new. At least they are better than people that use artificial intelligence tools because they don't want to put in any hard work.
Thanks really appreciate. Yeah I do agree with you that We should not use Artificial Intelligence tools because, not only Lazy (don't want put any hard work) but also AI Tools make us lack of knowledge and self-development.
The last two numbers (9&10) aren’t necessary because. Looking for a mentor just like others have said could lead to someone investing in shitcoins because most of these crypto consultants are just like investors, they are sometimes paid to promote Alticoins. As for prayer it is hilarious because someone else might be praying for downturn too if you are praying for a pump.
A mentor could be our friend that has more knowledge or smarter than us, so We can get more informations and guidances from him/her, so We can trust him/her. Regarding to Prayer, it is individual for spiritual side as I said.
Yeah it is bitcoin oriented but this are basically just tips for beginners and there are most of them that limit their selfs to just that board. Also for orderliness it is best they are there
9. Find a Mentor or Consultant
- Consider consulting a financial advisor or investment professional with expertise in cryptocurrencies. They can provide personalized guidance based on your personal circumstances and goals. Of course for this, you need to consider spending more money for consultations.
Do we have to and do we need to, I wonder who did this just to learn how to invest in Cryptocurrency, all the available materials are here, the internet is the information highway you just need to be patient and persevere to learn if you don't have these two traits no financial advisor and investment professional can help you learn how to invest properly.
Security and the many scam schemes are two of the things that these so-called financial advisors cannot teach you, you have to learn from your co-investors and from your experience, so instead of investing money for consultants invest in your time and yourself.
Yes I also agree with your suggestion and opinion, but at least We need a friend who has more experience than us, and this forum could be our platform to enrich our knowledges and experiences.
OP, this is a good information that you have given to those who rush into bitcoin investment without knowing what it takes to invest. Newbies should have all these in their mind that you stated above.
Yes, because the patience is the key for investment.
b]10. Pray[/b]
- If you are a person who has faith or belief, prayer is the most important part of doing any business, therefore you need to do worship like praying.
Prayer is good but not in bitcoin investment,because your prayer cannot change anything about the price or will it influence the price. That is why you should only invest with money that you can avoid to lose,this will enable you not bother if the market goes down. You should also study about the technical analysis and fundamental analysis so that you wouldn't panic and sell off,when bitcoin price is dumping. You don't need a bitcoin mentor as long as you are in this forum,you can know whatever that is needful here.
The spiritual side is needed when we want to start something, and if in the future we experience unwanted things, we can get good healing from the spiritual side.
OP you have actually stated the fact that most must be put in consideration before investing as a beginner, so in addition is always advisable not to put everything you have on investment, is always good as a beginners to have someone that would mentor them show to show them how investment works, and also doing more research on there own as such making them more knowledgeable.
As a beginner I believe is unwise to have numerous mentor to avoid information overload, were as you could get confused different mentor,
Smart investor not put their money in one basket, because it is too risky. Mentor is a must, because We know that there are always smarter people than us, and the fun fact is, this Forum is really great to get more informations; to do research and find a knowledge, and also the forum Member, I really love how the Senior Member in this forum provided their experiences to us, it's really helpful to get involved in this forum.
10. Pray
- If you are a person who has faith or belief, prayer is the most important part of doing any business, therefore you need to do worship like praying.
I want to share this with everyone, it may or may not be helpful but I have done it before and it has also brought many changes in my life. Do not want to discuss too deeply the issue of religion, but we must accept the fact that a visible law is the law of attraction, the more you think towards positive issues, the more comfortable your life will be. I once heard a story by a comedian Steve Harvey, the story said that you don't have it because you haven't asked and haven't asked for it from God, just ask and ask for everything from God, just simple so simple. And as my limited understanding, even those who do not believe in religion, always think big and be useful for yourself as well as everyone around (including the life around us).
I really agree with you @robattfield, Spiritual way always needed to be part of our life as Individual. I believe that the law of attraction is really works for my self, and the Pray really helpful for everything, even when I loses in investment.
Focus more on number 1 because studying Bitcoin more deeply will provide a lot of knowledge to decide when we can buy Bitcoin. Everything depends on number 1, while number 3 reduces the possible risks by setting limits that we can afford.
Market analysis is included in section number 1 because studying Bitcoin more deeply will include studying market analysis so that we can get a good time to enter the market. And then, we can determine how much money we want to use to buy Bitcoin.
Carrying out security are ways that we need to pay attention to after we have successfully bought Bitcoins and don't keep the Bitcoins in exchanges. It's better to immediately move the Bitcoin to a personal wallet we can fully control. I agree with all the steps; everyone should follow them to benefit from Bitcoin.
I don't want to separate the number list actually, because it is one in unity as I said before, it is interconnected and complementary.
Everyone who is new to investing in Bitcoin should do enough study on the above topics. Because the topics discussed are very informative for a new member. Before engaging in investment one should have adequate understanding about investment and then engage in investment. There is risk in investment but we should not invest if we cannot accept that risk. Then there is patience. Patience is very important for beginners especially when it comes to investing. Because if the market goes down a bit after investing the newbies and if they lose a bit of money then they should be patient enough during that time. Because without sufficient patience it is impossible to succeed in investing. So it is very necessary for a new member to know about the above points.
Yes, the topics above are just the outer crust, for more details, newbies need to learn more in this forum for more details, because this forum is full of the information needed, and even better, the information sectors have been divided into several boards, and that is very helpful.
10. Pray
- If you are a person who has faith or belief, prayer is the most important part of doing any business, therefore you need to do worship like praying.
Interestingly, you mention this factor, even though bitcoin is an investment, and to be successful and profit from it, we need to combine many elements as you have provided. But I wonder how many people are believing and doing this? I don't think many people will do this because I don't often see people talking about it, but I believe in it and call it luck. For me, there is no success without luck, even if you prepare well the above 9 factors without luck, you cannot succeed with bitcoin.
Yes, the spiritual side is needed, one of which is for the law of attraction as it is
@Robatfield said.
Great post, I love those who prefer formatting it a bit with bold and italics, makes the post more detailed. Each and every point you mentioned to consider before investing in Bitcoin can also be applied to any investment asset in the whole world rather it be Tomatoes or Gold or anything. You should never spend your money on something which you don't know nothing about.
The only thing which was funny in the whole post was "Pray". I mean it's your calculation and your luck, no one can do anything for you
Thanks for your opinion @ImThour, it really makes me confident in my writing abilities, and I think I need to improve some too. Regarding to Pray, yeah We know that there is no certainty in this world, So I think nothing wrong if We do Pray or Prayer. Prayer really helps us when we experience loss, but if we experience gains, it certainly makes us more grateful.
Bitcoin is best currency for invest either new or experienced people. If anyone buy bitcoin in deep he will must benefited today or tomorrow. If after buy bitcoin price decrease no tension don’t see you account Again and Again. After some times price will back. And bitcoin is best currency for beginner to invest. Beginners don’t know what is good and what is bad coin for investment. Because anyone can invest on bitcoin. I think it is very safe.
There is no need to doubt investing in Bitcoin, it's just that we need a lot of patience, because you can't get profits in the near future. from that, Patience is the key.
