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Author Topic: I hope I'm doing the right thing.  (Read 864 times)
lovesmayfamilis
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May 07, 2024, 09:59:56 AM
 #21

They say that “hurry is needed when hunting fleas.” In everything else, especially in financial matters, there is no need to make hasty decisions. However, you have been registered on the forum for almost a year; can we understand that you previously came to the forum by accident? You must understand that the price of Bitcoin will rise every year, and if you prepare long enough, the purchase will cost good money. Therefore, you need to choose: either you read and study on a regular basis and invest, or you wait for the necessary knowledge, study for a long time, and then buy something even more expensive than today’s offer. In any case, theory should always keep pace with practice.

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May 07, 2024, 10:10:51 AM
 #22

The thing about bitcoin is that, you're never too late, not yet at least. Maybe when the price is at a million dollars, but right now, you can't be too late. A lot of people felt they're too late when bitcoin was over $70k, but now the price is around $64k.
The point is, there's no point to rush, bitcoin is always here. What you need to do is learn about bitcoin. Have a basic understanding of what you're about to go into and in the course of your research and questions you'll understand that as a beginner bitcoin is best as a long term investment. Since you do not understand it that much it's best to leave it for a long time.

People saying "bitcoin is risky" shouldn't scare you off. Can anything can be called an investment without risk? It's a risk but when you understand bitcoin you'll know it'll always go back up again.
Take your time, learn, but know that you're not making a mistake with bitcoin if you do it right. You can have a savings and in bitcoin your savings can also be your investment.

R


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May 07, 2024, 02:15:49 PM
 #23

How did you guys invest in bitcoin as beginners. What was your experience with the market volatility? A lot of people talk how investing in Bitcoin is good but risky,
Beginners are not experienced in investing first they learn about investing gradually and experience gradually. If you are new to investing in Bitcoin, you should know that all investments involve risk. Crypto is very volatile so we need to know and analyze it well before investing. As you mentioned about my first investment I can say that I used to watch YouTube and follow different investors in the beginning. After watching various videos of those investors, I gained basic knowledge about investing. Moreover, after joining this forum, my experience about investing has increased. Among the new investors, most of the investors' first investment fails because they don't have full understanding about it.

R


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May 07, 2024, 02:19:26 PM
 #24

How did you guys invest in bitcoin as beginners. What was your experience with the market volatility? A lot of people talk how investing in Bitcoin is good but risky, i don't want to rush to invest  bitcoin. I need to be very sure of what I'm planning to go into. I don't know if I am making the right decision or I'm too sluggish to invest. I'm not really convinced maybe because I don't know much. Do you think this delay is good for me? I believe it is good for one to be  sure and understand anything that involves money.

We all had the same thoughts and it all led to us either missing out on a pump or selling during a temporary dip.

Keep your emotions out of the investment process. If you don't believe in your investment it will only lead to bad decisions.

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May 07, 2024, 04:06:11 PM
 #25

How did you guys invest in bitcoin as beginners. What was your experience with the market volatility? A lot of people talk how investing in Bitcoin is good but risky, i don't want to rush to invest  bitcoin. I need to be very sure of what I'm planning to go into.

As a beginner, you are not advised to invest once you hear about bitcoin. The first thing you need to do is learn the basics of bitcoin investment and how the market works, because that is what will help you manage your investment and will guide you to overcome any situation in the market. Because without knowledge and other information, you may lose your money and think it is a scam. That is what many beginners think when they lose money in bitcoin. However, it is good that you said you don’t want to rush to invest in bitcoin, so the best thing is for you to learn before you invest in bitcoin. 

Quote
I don't know if I am making the right decision or I'm too sluggish to invest. I'm not really convinced maybe because I don't know much. Do you think this delay is good for me? I believe it is good for one to be  sure and understand anything that involves money.

Your decision is not wrong. As long as you know what you are doing in the industry, because that is the main thing here, if you don’t have any basic knowledge, then you are risking it more than everyone here who has the knowledge; furthermore, there is no delay as long as you are learning; after you learn them, you invest; that is how it is supposed to be. 

R


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May 07, 2024, 05:47:08 PM
Merited by HONDACD125 (2)
 #26

How did you guys invest in bitcoin as beginners. What was your experience with the market volatility? A lot of people talk how investing in Bitcoin is good but risky, i don't want to rush to invest  bitcoin. I need to be very sure of what I'm planning to go into. I don't know if I am making the right decision or I'm too sluggish to invest. I'm not really convinced maybe because I don't know much. Do you think this delay is good for me? I believe it is good for one to be  sure and understand anything that involves money.

First of all, you did the right thing by asking this question before making your decision because it's always good to hear some suggestions and then reach a conclusion. Make sure that you ask every person you know who is involved in cryptocurrencies and see their point of view and what they suggest, and then at the end, you should make your decision after evaluating all the answers and suggestions that you have received so far.

For me, I would say that you need to do more research because you are confused about this. You need to know all the risks involved and all the consequences both positive and negative, you should know what might happen if you invest now and what you might miss if you don't, and then you should decide whether you are ready to do it right now or not.


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May 07, 2024, 07:08:22 PM
 #27

How did you guys invest in bitcoin as beginners. What was your experience with the market volatility? A lot of people talk how investing in Bitcoin is good but risky, i don't want to rush to invest  bitcoin. I need to be very sure of what I'm planning to go into. I don't know if I am making the right decision or I'm too sluggish to invest. I'm not really convinced maybe because I don't know much. Do you think this delay is good for me? I believe it is good for one to be  sure and understand anything that involves money.
It always a good thing to see newbie asking relevant questions like this, there is no harm in asking questions about what you don’t know. After  several research and you are still no very convinced, it proper to come to forum like this where there are expert, more knowledgeable people about bitcoin to put you true.

About your question, first thing you have to have in mind is bitcoin is not some kind of make money fast type of project so even if your investing you should invest the amount of money you can lose, so at least when the Dip continues you won’t be bothered by it. So I will advise you make more research, consult several more investors and then put together all the information you’ve gathered then make a choice to see if it the right time for you to invest or not, because at the very end it your investment and nobody else.

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May 07, 2024, 08:37:06 PM
 #28

How did you guys invest in bitcoin as beginners. What was your experience with the market volatility? A lot of people talk how investing in Bitcoin is good but risky, i don't want to rush to invest  bitcoin. I need to be very sure of what I'm planning to go into. I don't know if I am making the right decision or I'm too sluggish to invest. I'm not really convinced maybe because I don't know much. Do you think this delay is good for me? I believe it is good for one to be  sure and understand anything that involves money.

As a beginner, you've asked the right questions and it's a good thing you want to know what you're getting into before investing. Like you heard, Bitcoin investment is good and at the same time risky. It is risky in the sense that it's a volatile asset and the price fluctuates. Also, it can be stolen if not properly secured. Aside that, it's a good investment and buying Bitcoin will be one of the best decisions of your life. However, read and equip yourself with the right information before you invest.
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May 07, 2024, 08:54:12 PM
 #29

How did you guys invest in bitcoin as beginners. What was your experience with the market volatility? A lot of people talk how investing in Bitcoin is good but risky, i don't want to rush to invest  bitcoin. I need to be very sure of what I'm planning to go into. I don't know if I am making the right decision or I'm too sluggish to invest. I'm not really convinced maybe because I don't know much. Do you think this delay is good for me? I believe it is good for one to be  sure and understand anything that involves money.
They said ask questions about what you u do understand is making a person Lean to be fast and easier, but some people's don't know that that's why most people's here as be a while in the forum and there's know any development for them. Because they are so many things that they don't have any ideal about and they refuse to ask questions, to be honest you ask this your question at the right as a biginners whatever you want to do you can just go directly and get start without knowing the skills of it before started.
 
Furlthermore, Bitcoin investment is very good which even the biginners can fit afford with little amount of money, but the only things that you need to know is that is for you have experience about the market volatility and als know how to avoid the risks that are involved.

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May 07, 2024, 11:46:26 PM
 #30

...Do you think this delay is good for me? ...

This delay in making a decision can only benefit you in one case, if the price of Bitcoin goes down. In this case, you will have a unique opportunity to buy Bitcoin at a discounted price. If the price of Bitcoin continues to increase in price, then you will find yourself in the role of an observer who will experience Fomo that he did not decide to buy BTC in time.

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May 08, 2024, 04:56:50 AM
Merited by FinePoine0 (2), Ever-young (1)
 #31

Quote from: Sobz
How did you guys invest in bitcoin as beginners. What was your experience with the market volatility? A lot of people talk how investing in Bitcoin is good but risky, i don't want to rush to invest  bitcoin. I need to be very sure of what I'm planning to go into. I don't know if I am making the right decision or I'm too sluggish to invest. I'm not really convinced maybe because I don't know much. Do you think this delay is good for me? I believe it is good for one to be  sure and understand anything that involves money.

I think, the delay is very good for you because you need to learn from those that understand the Bitcoin investment very well for you to achieve the knowledge that will make you comfortable whenever you succeeded to purchase Bitcoin from the market and hold for the bullish season to come before you can release them for sale. Since you are a newbie, all you need to do when you have the capital to purchase Bitcoin, is to wait for the bearish season to appear which is the right time for majority of investors use to purchase Bitcoin from the market and hold for long term to make their holding profitable in the future. I will advice you not to rush into Bitcoin investment, because there are a lot of things you need to acquire before taking the bold move to purchase Bitcoin, and you will not have any challenges in your Bitcoin investment.

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May 08, 2024, 05:08:52 AM
 #32

...Do you think this delay is good for me? ...

This delay in making a decision can only benefit you in one case, if the price of Bitcoin goes down. In this case, you will have a unique opportunity to buy Bitcoin at a discounted price. If the price of Bitcoin continues to increase in price, then you will find yourself in the role of an observer who will experience Fomo that he did not decide to buy BTC in time.

The classic FOMO Cheesy I agree to some extent, because if the cycle repeats we could see a great bull run in the next months, and chances are that the price will never go down to current levels, so nocoiner people would've missed the train. But we should be aware that we are at ATH levels already, so the real opportunity was months ago. Like the proverb said, the best time to plant a tree was 20 years ago, the second best time is today, but the investment and the risk attached must be in line with your financial situation, because things could go wrong.

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May 08, 2024, 06:00:49 AM
 #33

Investment is just relaxing, OP. Follow your heart and follow the pattern of people who have successfully lived, quite a lot of options and opportunities are given today in the crypto market. if you like BTC, buy and focus on the long term. Even if you come with a choice other than BTC, there is something you should know, the durability of BTC is tougher than other cryptocurrencies.

Here you are also required to be a lot of patience, meaning that the duration of time greatly determines the career of your investment journey. If you are trading and you like to stay, you adjust your time with many techniques to succeed in this regard, and don't forget to monitor news developments related to global economic conditions in the mainstream media, and it is also good to use as an additional reference.

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May 08, 2024, 09:25:14 AM
 #34

How did you guys invest in bitcoin as beginners. What was your experience with the market volatility? A lot of people talk how investing in Bitcoin is good but risky, i don't want to rush to invest  bitcoin. I need to be very sure of what I'm planning to go into. I don't know if I am making the right decision or I'm too sluggish to invest. I'm not really convinced maybe because I don't know much. Do you think this delay is good for me? I believe it is good for one to be sure and understand anything that involves money.

Volatility is real in the crypto space.

It is risky to invest in Bitcoin if you aren't ready to lose the money, for a beginner like you I bet you ate into Bitcoin to make money, and due to the volatility you can one day see that your $100 invested in Bitcoin is down to $60, and if that money you invested is very daring to you, it will never sit well with you, this could make you sell the Bitcoin for $60 and walk away.

The truth is the same amount of Bitcoin you choose to sell for $60 can be worth 160 dollars a month later, see? Patience is needed in this space, when Your Bitcoin loses value that doesn't mean it is the end, it is only a matter of time before it appreciates again.

I will even advise you to be more sluggish in this case if you haven't found a reason to invest in Bitcoin yet, take your time and start learning about the benefits of investing in Bitcoin, this will eventually help you to decide in the end, I vote for knowing what Bitcoin is all about before investing your hard earned money on Bitcoin.

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May 08, 2024, 11:19:21 AM
 #35

Before investing, you must study it first to know how it works. A beginner should not rush to invest in Bitcoin before he knows that Bitcoin is good for him. We often meet people investing without studying, causing them to lose money.

The delay does not mean you are too late because investing in Bitcoin can still be done. What you do is for your own good so you have to study it before deciding to invest. Once you understand it, you can start investing in Bitcoin but don't immediately use big money because every investment has a risk.

Investing in Bitcoin also has risks, namely continuous price changes, which is what those who buy Bitcoin often worry about. But with the knowledge you learn, you can reduce the risk and not panic when you see the price decrease. You will know what to do when the market is not good.

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May 08, 2024, 03:31:26 PM
 #36

In bitcoin what matters is to understand it well and excel in your investment.  Trying to be fast to make investment is not the most important thing because you can fast and with no understanding,  still lose all your money, so their is no need to rush it.  It is better to try your best to have much understanding in bitcoin even if it will take you a longtime.  Understanding bitcoin will help you to know what to do  even as the market is risky. If it will take you time to understand the volatility of the market,  I think it is not a bad idea because if you understand the volatility of the market you won't have problem to get worried when the market falls.

One of the problems of newbies is that they want to be fast to invest bitcoin without understanding it better which they will end up making mistakes. It is better to have this understanding first than going into invest without understanding which will lead to several mistakes.

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May 08, 2024, 09:41:58 PM
 #37

Before investing, you must study it first to know how it works. A beginner should not rush to invest in Bitcoin before he knows that Bitcoin is good for him. We often meet people investing without studying, causing them to lose money.

The delay does not mean you are too late because investing in Bitcoin can still be done. What you do is for your own good so you have to study it before deciding to invest. Once you understand it, you can start investing in Bitcoin but don't immediately use big money because every investment has a risk.

Investing in Bitcoin also has risks, namely continuous price changes, which is what those who buy Bitcoin often worry about. But with the knowledge you learn, you can reduce the risk and not panic when you see the price decrease. You will know what to do when the market is not good.
This is not only applicable for bitcoin, but certainly for all types of investments, extensive research is a must. Otherwise, if people tend to become lazy and just rely from the advices of crypto influencers, there will be high chances of losing their investments in the end.

Getting delay is part of the process, as it’s understood that you have look into the project or investment carefully prior to investing. In fact, it’s even better than those who keep procrastinating until they lose the opportunities to invest. So never worry if it takes so long before you finally decide to invest in bitcoin, that only means that you’re now highly ready and capable to manage and overcome its risks.

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May 08, 2024, 11:59:45 PM
 #38

Be absolutely sure you have gained the right knowledge of how to use an exchange to buy and sell or should I say trade your BTC or cryptocurrency in general, should you decide to Invest in altcoins after feeling confident with enough knowledge.
Also, try to know the best kind of wallet to use inorder to keep/save your crypto currency and how to safe guard it from hackers and scammers and from theft or loss of key phrases and passwords.

 After gaining this knowledge then you can be sure you would have done the right thing after you invest and can safeguard it as much as trade it or with it and can try out other investment strategies.

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May 09, 2024, 02:25:59 AM
 #39

This is not only applicable for bitcoin, but certainly for all types of investments, extensive research is a must. Otherwise, if people tend to become lazy and just rely from the advices of crypto influencers, there will be high chances of losing their investments in the end.

Getting delay is part of the process, as it’s understood that you have look into the project or investment carefully prior to investing. In fact, it’s even better than those who keep procrastinating until they lose the opportunities to invest. So never worry if it takes so long before you finally decide to invest in bitcoin, that only means that you’re now highly ready and capable to manage and overcome its risks.
By researching, a person can learn more about that type of investment, especially if he chooses Bitcoin as his investment. He will not be an investor who panics easily because he already knows how to handle it if the market situation is not good. He could even increase the amount of his investment under those conditions.

Maybe by doing research, he feels like he is delaying his investment but those are all things he has to go through to invest in Bitcoin well. He can decide when he is ready to start by having more information about investing in Bitcoin. He will not be shaken by bad news that comes out before he starts investing.

He can manage and overcome risks well. He can also keep his Bitcoins until his target is reached. That is why beginners must really study the investment first before deciding.

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arjunmujay
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May 09, 2024, 04:58:05 AM
 #40

How did you guys invest in bitcoin as beginners. What was your experience with the market volatility? A lot of people talk how investing in Bitcoin is good but risky, i don't want to rush to invest  bitcoin. I need to be very sure of what I'm planning to go into. I don't know if I am making the right decision or I'm too sluggish to invest. I'm not really convinced maybe because I don't know much. Do you think this delay is good for me? I believe it is good for one to be  sure and understand anything that involves money.
First, I suggest you save a little bit of your money to invest in Bitcoin regularly every week or month for 2-3 years and then see the progress.

secondly, when you are accumulating bitcoin within that time period, don't pay attention to market volatility, just save and hold it for the time period you want.

Once you are mature enough and understand how Bitcoin works, then you can increase your investment to a bigger one.
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