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Author Topic: Consider all this before starting your Bitcoin journey.  (Read 328 times)
Promocodeudo
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June 28, 2024, 01:12:33 PM
 #41

Of course Na knowledge be the first thing wey person suppose get before thinking of venturing into Bitcoin investment, because without having knowledge and understanding one would just end up losing his/her asset because as long as Bitcoin investment is concerned their are some many risk that are involved. However for you to be able to manage your investment very well you will really need to know the risk to enable you hold your Bitcoin for a long time investment.

Yea, knowledge is very vital and paramount when it comes to Bitcoin, but for a start the basic knowledge is what every bitcoiner need to start the journey, Bitcoin holding is a kind that requires perseverance and patience as such for one for one to adhere strictly to this statement as it is, you must have the understanding about bitcoin, if not for anything, atleast the method and strategy on how to acquire and hold, the volatile nature of Bitcoin has been one of the discouraging factor but this volatile is also responsible for its profit, I believe must people like newbies do not understand that fluctuation can favour a Bitcoin anytime, that's why knowledge is needed for us to be able to stay off negative thoughts about this investment, although the fact of Bitcoin being a long term investment has been over stressed but we can't stop working with such established concept, thats the only thing that keeps our hope alive to be able to hold for a longterm in other to profit in the system.

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Tungbulu
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June 28, 2024, 05:44:31 PM
 #42

Try to have d knowledge of BTC before going to BTC and crypto business, and it will help u to live long in d business to achieve your target because d knowledge will allow you to buy BTC and crypto when d price is dumping and sell when d price is pumping in d market.
One thing I've come to understand about Business, not just Bitcoin investment but every other forms of investment is that, you really can't wait until you've gathered all the necessary knowledge and information about that business.

I'm not saying it's not good to acquire as much knowledge as you can before starting the business, all I'm trying to say is that, having just the basic knowledge about Bitcoin is enough for you to start your investment journey, and then  you can gain the advanced knowledge in the long run while you progress with your investment, because there are lots of things you can't learn about Bitcoin by just being an observer, you'll need to first start before you can gain access to such information and knowledge, because even if you're told about it, you'll still not understand.

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