Before you invest in crypto know the risk.

[Fiasem20]

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.

[Fivestar4everMVP]

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,crypto is being traded on blockchain technology.take note only on blockchain technology any other technology is a scam.crypto doesn't have all the values of real or fiat currencies,cryptocurrencies like BTC and other shitcoins are different from stocks and real money.crypto is not regulated like stocks or real money insured in bank,crypto high risks can offer big rewards or huge losses.my advice know what you are doing.

Well, you are basically right, investing in cryptocurrencies comes with a different kind and level of risks, and who ever is interested in investing in this assets must understand the risks involved.

This is very important because the uniqueness of cryptocurrencies made risk to also be different for each crypto asset, for example, investing in bitcoin does not carry the same level of risk as investing in ethereum, and investing in Eth also does not carry the same risk level as investing in XRP or TRX or BNB and so on and on.
All this I mentioned are top crypto assets, wheen we dive into the smaller ones that are still struggling to make it to limelight, there the risk is even much higher than ever, this is where many investors lose alot of money because this smaller cryptocurrencies are usually very cheap and has potential for high returns if they make it to the limelight, but unfortunately, it's only a very few of them usually succeed to make it to the top.

[B-BossMan]

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,crypto is being traded on blockchain technology.take note only on blockchain technology any other technology is a scam.crypto doesn't have all the values of real or fiat currencies,cryptocurrencies like BTC and other shitcoins are different from stocks and real money.crypto is not regulated like stocks or real money insured in bank,crypto high risks can offer big rewards or huge losses.my advice know what you are doing.

You have a points here, the main thing newbies should put at the back of thier mind is risk tolerance or risk management, it's very paramount to know the risks that involved in any investment one is tends to do, we still have some folks today that just come into bitcoin investment with the mindset or aims of making a quick money, since they have used to it in the other shitcoins. Bitcoin is not actually a quick rich cryptocurrency, it works perfectly by investing gradually with your untouched money or discretionary income for a long-term benefits. They are some people that comes with fear and that's why bitcoin has a different strategies or methods of investment, like investing at once or dollar cost averaging which allow the investors to accumulation or buy little by little over a period of time, DCA strategy reduces one's emotions and lesser one's risk in bitcoin investment. So kmow the risk in any investment or know how to manage the risk, it's very important to every investors.

[Judith87403]

Op after careful reading of ur content, I no come see any risk you mentioned there and all di things I saw there na to tell people about bitcoin bitcoin and there was no good information there. Ur topic and body of di thread e no dey correspond. Di volatile nature of bitcoin make risky. And since we know say bitcoin na volatile thing, if you dey invest na long term investment nai ur go do and not short term but if you must do di short term, u go be fast and calculative investors.

Anybody wey dey come into bitcoin supposed know say the asset wey him dey wan come invest in na long term asset, and no be asset wey go just dey give person quick profit, but unfortunately, this na the mindset plenty people take dey enter bitcoin, and na e dey make them make plenty mistake over and over again, believing say na the right way to follow am, and even when them make certain mistakes, them go dey feel like say na because them no do am well, and so them go just still dey try am again, hoping say them go get am right.

[Olatundespo]

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.

You don't need to set aside time to learn about Bitcoin. When I started investing in Bitcoin, I had only discretionary income. I had no technical knowledge but I was in the right place and consistently implemented a DCA strategy. Nowadays some new investors waste a lot of time learning Bitcoin at the beginning of their investment but I always tell them that there is no need for separate knowledge if you want to invest in Bitcoin using the DCA method. The price of Bitcoin is volatile and the best investment strategy in this volatility is Dollar Cost Averaging. Market analysis and market involvement during the investment period will make you skilled and gradually you will become an experienced investor and by the time you will accumulate a decent amount of Bitcoin holdings in your portfolio.

[ejikeme24]

You don't need to set aside time to learn about Bitcoin. When I started investing in Bitcoin, I had only discretionary income. I had no technical knowledge but I was in the right place and consistently implemented a DCA strategy. Nowadays some new investors waste a lot of time learning Bitcoin at the beginning of their investment but I always tell them that there is no need for separate knowledge if you want to invest in Bitcoin using the DCA method. The price of Bitcoin is volatile and the best investment strategy in this volatility is Dollar Cost Averaging. Market analysis and market involvement during the investment period will make you skilled and gradually you will become an experienced investor and by the time you will accumulate a decent amount of Bitcoin holdings in your portfolio.

As long as Bitcoin investment is concern, I would suggest that anyone who is interested to invest in bitcoin should do well to know the basic things before getting started because there are some certain things we need to understand before investing for example ; the market volatility, beginners also need to understand that Bitcoin investment is not a Short term investment or a get reach quick scheme, they also need to understand the difference between custodial and non custodial wallet and it is very important as a beginner to know their differences since they are investing for long term they need a wallet that they will have full custody over Thier assets and that's (non custodial wallet) and how to keep Thier seed phrase out from the reach of people this include scammers, so failure to understand this things could cause damage in our investment that is why it's very essential for a beginner to get the basic knowledge before getting started to avoid unnecessary mistake.

[DiMarxist]

Snip

As long as Bitcoin investment is concern, I would suggest that anyone who is interested to invest in bitcoin should do well to know the basic things before getting started because there are some certain things we need to understand before investing for example ; the market volatility, beginners also need to understand that Bitcoin investment is not a Short term investment or a get reach quick scheme, they also need to understand the difference between custodial and non custodial wallet and it is very important as a beginner to know their differences since they are investing for long term they need a wallet that they will have full custody over Thier assets and that's (non custodial wallet) and how to keep Thier seed phrase out from the reach of people this include scammers, so failure to understand this things could cause damage in our investment that is why it's very essential for a beginner to get the basic knowledge before getting started to avoid unnecessary mistake.

The first step every investor should actually do before even putting money into Bitcoin investment. Is that investors should at least have a level of practical and technical knowledge about Bitcoin, how it works, which includes security of their investments wallets addresses etc. Anyone who is not prepared to learning about crypto currency is not fit to invest especially Bitcoin. This is because the crypto space is a highly unsafe place because allot of people has turned the crypto space into their place of making money, using the ignorance of Many people are into crypto without any sufficient understanding of the working principles of crypto.

[Rhow]

Op after careful reading of ur content, I no come see any risk you mentioned there and all di things I saw there na to tell people about bitcoin bitcoin and there was no good information there. Ur topic and body of di thread e no dey correspond. Di volatile nature of bitcoin make risky. And since we know say bitcoin na volatile thing, if you dey invest na long term investment nai ur go do and not short term but if you must do di short term, u go be fast and calculative investors.

Anybody wey dey come into bitcoin supposed know say the asset wey him dey wan come invest in na long term asset, and no be asset wey go just dey give person quick profit, but unfortunately, this na the mindset plenty people take dey enter bitcoin, and na e dey make them make plenty mistake over and over again, believing say na the right way to follow am, and even when them make certain mistakes, them go dey feel like say na because them no do am well, and so them go just still dey try am again, hoping say them go get am right.

If you want to invest in Bitcoin, you should try to learn about Bitcoin yourself, not just relying on other people's words. There is no chance of profiting from investing in Bitcoin in the short term. Those who want to invest in this platform to get rich quickly by watching other people's profits must be careful. Bitcoin is a long-term investment platform. There is certainly risk here, but if you consider other means of investment, this platform is certainly much more profitable than any other platform.

Investing in Bitcoin also has some risks, if an investor does not pay due attention to those risk-related issues, then he must lose. Most investors, especially new ones, make decisions based on emotion. If the price of ordinary Bitcoin investment falls slightly, they panic and try to sell their Bitcoin as soon as possible.

If an investor only holds onto Bitcoin after purchasing it but does not pay any attention to the wallet-related issues, there is still a possibility of losing his assets, especially if he loses access to his wallet's private key or does not store it properly.

Instead of worrying about the current price, one should focus on holding Bitcoin for the long term. Sometimes scammers can steal user assets through various types of scam attacks, so one should avoid visiting unfamiliar or random links or sites.

[Sammye3]

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,crypto is being traded on blockchain technology.take note only on blockchain technology any other technology is a scam.crypto doesn't have all the values of real or fiat currencies,cryptocurrencies like BTC and other shitcoins are different from stocks and real money.crypto is not regulated like stocks or real money insured in bank,crypto high risks can offer big rewards or huge losses.my advice know what you are doing.

Though the composition of your post is a bit sketchy but you passed a vital information that many newbies should know.

Bitcoin's volatility can be destructive or profitable to traders and could offer high risks or big rewards like you mentioned.

It is important that everyone new to bitcoin understands the concept of bitcoin before investment. This would help to identify any scam scheme and further strengthen securing assets.

[Plutomanian]

The first step every investor should actually do before even putting money into Bitcoin investment. Is that investors should at least have a level of practical and technical knowledge about Bitcoin, how it works, which includes security of their investments wallets addresses etc. Anyone who is not prepared to learning about crypto currency is not fit to invest especially Bitcoin. This is because the crypto space is a highly unsafe place because allot of people has turned the crypto space into their place of making money, using the ignorance of Many people are into crypto without any sufficient understanding of the working principles of crypto.

Knowing the risks involved is also one of the major features to acknowledge, very very important to know the value of risks in the market. Cryptocurrency is one of the smooth space where one can make good amount of money but it's also a space where losses do count heavily if one doesn't take caution. Crypto have shown to us that it have a promising future and that's why you see investors both left and center doing everything within their reach to ensure they're hitting the big Ps in the market. What must we do to grab our opportunity in the market if we can't know the basis of it?

The market can be very volatile and unpredictable but it's not thing to work ourselves about because the market is an open space where we can come and earn good money and also chop Loss if we're not careful enough. Bitcoin is the top project in crypto and everyone coming into or have been in crypto knows that, and that's the target for most of this traders and whales in the market.

[Ashawowo(OS)]

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.

If you must invest into Bitcoin, you don't just start without the basic knowledge, even the slightest knowledge about Bitcoin is important, you also need to be sure you've discretionary income available, so you don't invest with money for your feeding or necessities. Actually it's good to kickstart your investment as soon as possible and not continue waiting, but be sure to start your investment with money you can hold for longer and not such you'll be needing almost immediately, so you don't end up gambling with your portfolio. You also need to ensure you're investing what you can afford to loose because there's no guarantee on your Bitcoin investment, so you'll invest as much as wouldn't affect your normal living in the case you lose your investment in it.

Beyond Bitcoin crashing, there's other ways you can lose your investment like losing your seed phrases, being a victim of social engineering and others, so you gat put what you can afford to lose in worse case scenario while you continue doing your best to secure your keys/seed phrases, so your your investment in Bitcoin remains protected and safe.

[Chibit01]

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.

But how can someone risk their money on something they have no knowledge about? Bitcoin is king, no doubt, but I still find that type of approach unsafe for one to invest in something when they do not know anything about it, and you cannot call learning while your money is being risked a waste of time. You can always learn about what you want to invest in; it does not cost much. The same time used in buying can be used to learn, at least know the basic risks involved in what you are about to risk your money on.

[Out of mind]

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,crypto is being traded on blockchain technology.take note only on blockchain technology any other technology is a scam.crypto doesn't have all the values of real or fiat currencies,cryptocurrencies like BTC and other shitcoins are different from stocks and real money.crypto is not regulated like stocks or real money insured in bank,crypto high risks can offer big rewards or huge losses.my advice know what you are doing.

To invest in virtual currencies, you must first gain sufficient knowledge and experience about it and then invest. Especially, we can see most of the time that people invest in the wrong place and lose their money. There are many people who invest in altcoins with the aim of making quick money in a short time and they lose half of their money there, which makes them lose confidence. The limited supply of Bitcoin means that if you invest here, there will definitely be a chance of profit, but when you keep your money in your investment bank, it will be a loss due to inflation. And at present, people are not very interested in depositing money in banks, but they have confidence in the virtual currency Bitcoin, which gives them financial freedom. Therefore, in terms of investment, it is very important to know everything about cryptocurrency well, so that it is beneficial to invest and where you will not face losses if you invest.

[gracreavix]

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.

[Grace333]

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.

Sure it's good to know what you can afford to lose and work with that, but this is mostly for those who have understood crypto and have advanced to the point of buying for themselves.
Before anyone should kick-start any business or investment it's best they first know the risks attached to that choice of investing so they can also know how to structure their risk appetite towards that investment. Knowing how to manage risk is good but sometimes you just have to play blind to certain risk in other to get the best results. eg if we were to judge bitcoin based on the decentralization we all would admit that irrespective of the problem that it solves bitcoin is still risky yet we still decide to invest a huge chunk of our money into it.

[Obari]

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,crypto is being traded on blockchain technology.take note only on blockchain technology any other technology is a scam.crypto doesn't have all the values of real or fiat currencies,cryptocurrencies like BTC and other shitcoins are different from stocks and real money.crypto is not regulated like stocks or real money insured in bank,crypto high risks can offer big rewards or huge losses.my advice know what you are doing.

What more are we supposed to know again about cryptocurrencies as all Wetin you don talk here na just the basic preliminaries wey person suppose know before stepping into the market and another thing wey person suppose na how to secure their assets and best wallet and exchanges to use and the moment you don figure all these things out, I think you're very good to go except you Dey play go into the technical aspect of the coin.

[Crytohillss]

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.

You don't need to set aside time to learn about Bitcoin. When I started investing in Bitcoin, I had only discretionary income. I had no technical knowledge but I was in the right place and consistently implemented a DCA strategy. Nowadays some new investors waste a lot of time learning Bitcoin at the beginning of their investment but I always tell them that there is no need for separate knowledge if you want to invest in Bitcoin using the DCA method. The price of Bitcoin is volatile and the best investment strategy in this volatility is Dollar Cost Averaging. Market analysis and market involvement during the investment period will make you skilled and gradually you will become an experienced investor and by the time you will accumulate a decent amount of Bitcoin holdings in your portfolio.

A lot of persons fall into the trap of trying to learn everything before taking any precautions measure, for long term investors starting little and staying consistent with DCA can be more important than perfectly knowing every technical details from day one but I still think having at least a basic knowledge of what one are investing in is very important, DCA can reduce the stress of timing the market , while a small understanding helps investors stay confidence during major prices.

[GoldBitcoin112]

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,crypto is being traded on blockchain technology.take note only on blockchain technology any other technology is a scam.crypto doesn't have all the values of real or fiat currencies,cryptocurrencies like BTC and other shitcoins are different from stocks and real money.crypto is not regulated like stocks or real money insured in bank,crypto high risks can offer big rewards or huge losses.my advice know what you are doing.

Yes are very correct, risk management is one of the most important factor any newbies can decide to know first before you can venture in Bitcoin investment, we have so many risk management which you need to learn before investing in Bitcoin so that you will not lost at last, but when you know the risk management and anytime it wants to arise you know the possible way to quench it before it ruined you , so it's very important to learn all this risk before anyone can decide to invest in Bitcoin.

[Cryptoprincess101]

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.

Many beginners made the mistakes of waiting to acquire intensive knowledge about bitcoin before they invest and they thought that was the right approach but after they acquired the knowledge they wanted and they were now ready to invest, they found out that the price of bitcoin has risen far above the price they saw it as at the time when they sought for comprehensive knowledge which meant that they missed buying bitcoin when the price was lower. Buying bitcoin and learning about the necessary things you need to know about bitcoin is the best way because you will accumulate a lot of bitcoins before you finish gaining the knowledge.

[Cgrexp]

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.

But how can someone risk their money on something they have no knowledge about? Bitcoin is king, no doubt, but I still find that type of approach unsafe for one to invest in something when they do not know anything about it, and you cannot call learning while your money is being risked a waste of time. You can always learn about what you want to invest in; it does not cost much. The same time used in buying can be used to learn, at least know the basic risks involved in what you are about to risk your money on.

What is being invested in. If you have no idea about how much potential it is, what kind of risk it is, then it is like investing without understanding it. In the case of Bitcoin investment, when someone has extra money, and has some ideas about Bitcoin, they can start. You can start by learning and progressing. In responsible investing, understanding the basics, knowing about the risks, and knowing your own capabilities can create a strong foundation. However, starting with small amounts and actually learning can be safer when someone invests very small amounts, understanding the risks, and with unnecessary money. Learning and investing can go hand in hand, but at least having some basic knowledge before investing strengthens the foundation.