Before you invest in crypto know the risk.

[Gost ms]

It's best to put it like this: Before you invest, know what you can afford to lose. It's better that way. Everybody has a risk appetite. It's best you know yours and stick with it.

Before anyone dives into investing, you have to know the ins and outs of it if you want to be serious with it. You can make profit from it for a while. But when it comes to consistency, you have to go beyond surface knowledge.

The best thing you can focus on should be the risk and nothing else. Your risk first. Profit is secondary while the risk is the primary concern. Proper education gives an edge in every endeavour of life.

You’re right that’s why I usually recommend Bitcoin investment most time to others . Because is way easier to manage Bitcoin risk compare to other digital currency when it come to cryptocurrency, when come to investing first priorities your risk management, make sure you are going into something that meet your risk tolerance so that you won’t endup given your halfway many are victim of such , like being overtly aggressive to the point they could no longer keep up again.

Yes, I completely agree with you. We especially see this trend among new and intermediate investors. They become so aggressive just by seeing the decline and without considering their financial situation, they take a lot of risks and face huge losses. The first condition of investment is to invest the amount of money that you can afford to lose. Whenever a person comes out of this condition, that person is no longer an investor but a gambler or a trader.

Every person needs to keep an eye on Bitcoin at all times and I personally think that Bitcoin is the only coin in which to invest.

[MisFoxie]

It's best to put it like this: Before you invest, know what you can afford to lose. It's better that way. Everybody has a risk appetite. It's best you know yours and stick with it.

In crypto other than Bitcoin investment everything is gambling. We don't have to know about what we can affort to lose, it only apply in gambling. I don't think Bitcoin investment as gambling.

Before anyone dives into investing, you have to know the ins and outs of it if you want to be serious with it. You can make profit from it for a while. But when it comes to consistency, you have to go beyond surface knowledge.

Yes it's true to get consistent profit in crypto we need beyond surface knowledge but a interesting fact is many people without knowledge made profit in Bitcoin investment using DCA method. Bitcoin investment need long periods to get profitable which may cause some birds to fly.

[SmartCharpa]

I’m not in the league of being knowledgeable first before accumulating bitcoin,there’s absolutely no time to waste.I don’t consider acquiring knowledge before investing a waste of time anyways but that’s what you can do as you’re accumulating bitcoin.Most investors started their bitcoin investment journey with “bitcoin is volatile” that was only the knowledge they had then but as time goes on they became more exposed and enlightened about bitcoin.So in my own perspective,don’t allow acquiring knowledge to hold you from starting right away with your bitcoin investment journey.

Accepting to what Op dey try to explain. E get some people wey be say dey don’t understand what they are doing. Many people misunderstood Bitcoin as one of those shitcoins where you can make quick profits. The most important thing is that knowing what you are doing. As an investor, understand waiting you dey try invest your money into. It’s not when the market begin to they drop, some people go begin to sell, thinking maybe the market will not recover again.

In addition, it’s not a good idea make person try to understand everything before they invest, all the time wey you dey use to understand everything, you could have use them to invest and understand it much better. They say practice makes perfect. So the more you invest in Bitcoin the more you gain more knowledge. And if you no get money to invest, dont go and borrow, you can just continue to dey learn.

[Pi-network314159]

Cryptocurrency or crypto,is virtual or digital assets purchase with real money,you can buy it with dollars or with any currency depending on your country currency

There are 3 classification of crypto currency
1) a digital currency
2) An asset
3) a store of value

It function in many ways, so if you say you are purchasing crypto currency with fiat don't also forget that it's Also a currency of it own but a digital currency. Which means it can be used for payment, not only payment within but across the universe i.e botherless transaction. It  is Also an asset which ca be bought and kept and it increases in value over Time. So when explaining it don't only explain it the way you Know, Think outside the box.