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Author Topic: I hope I'm doing the right thing.  (Read 864 times)
Publictalk792
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June 15, 2024, 01:28:58 AM
 #81

You did the right thing by asking before investing in Bitcoin, first of all before you invest in Bitcoin you have to understand what it means, you hear that a lot of people say that it is a risky investment. The reason why it is called a risky investment is that it is an unpredictable investment, you don’t know when the price will rise or fall and you can invest a huge amount and later you can see the price increase or decrease and in that situation, you might need the money or you might be in a situation where you want to sell it and use the money for something else and you can’t sell it for even the amount you bought it and that is why it is a risky investment.

Not only Bitcoin, every investment is risky because you don’t what will happen at the end of it, as a newbie it is very important to know much about Bitcoin and some ways that you can able to hold your coin for long periods, to invest is not the problem but being patient is important in term of investing because if you are not patient you won’t even believe in what you invest, and the last advise I can give as a colleague is to know how to keep your wallet secure, what I’m trying to say is that secure your wallet from people and be smart with everything you do online.
I totally agree with you. It is important to learn about Bitcoin before investing. Investing in Bitcoin can be risky and the market can change quickly but there are many strategies which can help you to make a good decision like mostly people like DCA method. Prices can go up and down fast. It is really important to be patient and think long term when investing. Also keep your wallet safe and be careful online to protect your investments. Because this is really important because we always listen many news about hacking. Keep learning stay informed and make smart choices. I will wish a Good Lunch to OP.

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leonair
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June 15, 2024, 07:02:09 AM
 #82

How did you guys invest in bitcoin as beginners. What was your experience with the market volatility?
To invest, you need to take a little risk. If you don't take risks, there is no need to invest because you can invest in Bitcoin or any other coin. You must consider the pros and cons and be able to bounce back if there is a loss. However, the most secure option is to invest in Bitcoin. I want to continue this trend by investing slowly rather than all at once because I think you will gradually reap the benefits.

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Z_MBFM
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June 15, 2024, 07:02:58 AM
 #83


What is the secret behind their knowledge on considering the high level of their contributions in the forum? Does it mean they have the knowledges before joining the forum? Or are they bot accounts?

The question you have asked can be answered in two ways: one is seen by those with prior knowledge of Kiptah.  Again, some may be brand new and have yet to get the forum link for which the forum came forward to do something good for learning.
People who already have a good understanding of cryptocurrency will do good things through the forum using their talent.

We can also learn a lot from those who know about raging currencies and make helpful and essential forum posts about them.
For those who are new to the world of cryptocurrencies, this forum is a welcoming space for learning and growth. We encourage you to take part and explore the vast opportunities for knowledge and discussion.











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Stable090
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June 15, 2024, 08:01:56 AM
 #84

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.
Before making any investment, I will encourage you to accumulate more knowledge first. Don't just invest in bitcoin when you lack knowledge about it, if you invest without having proper knowledge, you will end up frustrated and might lose your money. Some might even be losing their money to scammers because they lack the knowledge to properly store their coins, or some will fall for scammers tricks just because they don’t have knowledge about what they are investing in.
 
People do say bitcoin investment is risky, but I will tell you that every investment you are trying to make is risky, so the best thing is to have proper knowledge before investing in it, and I will say bitcoin investment is less risky compared to some other investments.

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.
Delay is really bad, but if you are acquiring more knowledge before putting in your money, then it’s good that you delay just to acquire more knowledge. If you don’t acquire appropriate knowledge, then you might end up regretting it.
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June 15, 2024, 08:49:29 AM
 #85

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 newbie, I started my bitcoin investment with the DCA strategy, where I was accumulating bitcoin every month any time my money was readily available. Before I started my bitcoin investment, I studied bitcoin for a while, and I saw the price movement in the coinmarketcap. So when I started my bitcoin investment and the price dropped, I was not worried because I was already aware of the volatile nature of bitcoin. All businesses in the world involve risk, so bitcoin is not excluded. That is why you should always invest what you can afford to lose in case something goes wrong in the way you can be able to handle it. One important thing you should know about bitcoin is that it isn't a quick-to-get-rich-soon thing, and before you start your bitcoin investment, you should have a good income source that can cover your living expenses so that you will not depend on your bitcoin investment to solve them. You do not need to have a wide knowledge of bitcoin before you start accumulating it; the delay is not good for you. If your money is readily available, you can start accumulating bitcoin with the DCA strategy, either weekly or monthly. 


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SOKO-DEKE
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June 15, 2024, 08:28:31 PM
 #86


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.

As a beginner, if you wish to start your Bitcoin investment, just make sure you have the basic knowledge of Bitcoin. Like Know the risks involved in Bitcoin, the best places to buy Bitcoin, and the best wallets to keep Bitcoin. Once you have this knowledge, you can start your Bitcoin investment as beginner and later continue acquiring more knowledge after you start investing. If you truly want to wait and gain extensive knowledge about Bitcoin, it will take time, which is not really bad. However, but I think you may be missing some opportunities.

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.

If you are not fully satisfied with the knowledge you have about Bitcoin, it is better not to start investing because delays can be detrimental; however, in the cryptocurrency industry, especially when it comes to investing in Bitcoin, I believe it is never too late to invest anytime as the market is constantly evolving and growing, so taking the time to become fully informed and understanding the risks involved will ultimately lead to a more confident and potentially rewarding investment decision.

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