Before you invest in crypto know the risk.

[I_Anime]

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.

[fredericktaylor]

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.

I think it is very important for every investor to gain basic knowledge about Bitcoin before starting to invest. Because the price of Bitcoin is very volatile, if the investor does not have basic knowledge about Bitcoin, then during the market volatility, he will quickly get disappointed and will not be able to hold Bitcoin for a long time with confidence. He will quickly get disappointed and sell all the Bitcoins, as a result of which the investor will face losses and create a negative impression about Bitcoin. So I think it is not necessary to have too much knowledge to start investing, just having basic knowledge about Bitcoin is enough, because a person can gradually increase his knowledge about Bitcoin through his willpower in addition to investing.

[Tony Adams]

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.

If you want to invest in Cryptocurrency, you should learn about it and know it well. We know that virtual currency is basically untouchable, it is completely out of reach, so when we invest here, it is definitely risky. We have to be clear about these things first and then participate in the investment after knowing it. I think it is most important to invest in reliable currencies, especially Bitcoin. Investing in Bitcoin is less risky than all other currencies, and the future is much better, so if we invest for a long time, it is better to take Bitcoin more. There is risk in every case, so I think Bitcoin also has risks, but if you hold it for a short time, it can be risky, it can cause losses, so if you hold it for a long time, there is hope for profit.

[Mr_Brilliant$]

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.

I think it is very important for every investor to gain basic knowledge about Bitcoin before starting to invest. Because the price of Bitcoin is very volatile, if the investor does not have basic knowledge about Bitcoin, then during the market volatility, he will quickly get disappointed and will not be able to hold Bitcoin for a long time with confidence. He will quickly get disappointed and sell all the Bitcoins, as a result of which the investor will face losses and create a negative impression about Bitcoin. So I think it is not necessary to have too much knowledge to start investing, just having basic knowledge about Bitcoin is enough, because a person can gradually increase his knowledge about Bitcoin through his willpower in addition to investing.

Na true.. Person nor need know everything about Bitcoin before e start, but at least make e get small understanding of wetin e dey buy.. If not, once market shake small and price drop, fear go catch am and e fit sell everything at loss..
The basic knowledge na wetin go help person understand say volatility na normal thing for Bitcoin.. As e dey invest and dey follow the market, e go still dey learn more with time. Nobody sabi everything from day one..

[Judith87403]

Na true.. Person nor need know everything about Bitcoin before e start, but at least make e get small understanding of wetin e dey buy.. If not, once market shake small and price drop, fear go catch am and e fit sell everything at loss..
The basic knowledge na wetin go help person understand say volatility na normal thing for Bitcoin.. As e dey invest and dey follow the market, e go still dey learn more with time. Nobody sabi everything from day one..

Na true, no be at once wey person dey get all the understanding and knowledge, especially for wetin concern Bitcoin, because the more one they invest or dey interested in Bitcoin, the more new ideas and strategy dey come and the more person dey get to understand and you know say they talk say learning never stops, na every time and every day person dey take but e take important for person to know the vital things involved before deciding to take the risk for them to be more on the safer side and to help themselves to avoid some kind mistakes.

[Queen uloma]

Na true.. Person nor need know everything about Bitcoin before e start, but at least make e get small understanding of wetin e dey buy.. If not, once market shake small and price drop, fear go catch am and e fit sell everything at loss..
The basic knowledge na wetin go help person understand say volatility na normal thing for Bitcoin.. As e dey invest and dey follow the market, e go still dey learn more with time. Nobody sabi everything from day one..

Na true, no be at once wey person dey get all the understanding and knowledge, especially for wetin concern Bitcoin, because the more one they invest or dey interested in Bitcoin, the more new ideas and strategy dey come and the more person dey get to understand and you know say they talk say learning never stops, na every time and every day person dey take but e take important for person to know the vital things involved before deciding to take the risk for them to be more on the safer side and to help themselves to avoid some kind mistakes.

You Dey correct, nobody Dey get all d knowledge & understanding at once, especially if e concern bitcoin. D more person invest for bitcoin or find bitcoin interesting, nah that  way person fit learn new ideas, opportunities and strategies. As it implies learning no fit end, nah continuous process way go always take place in everyday life.
E Dey very important for everybody way Dey interested for bitcoin to first understand the basis and the risk way Dey involve before e start to invest. To get knowledge about bitcoin before investing, e dey  help people make better decisions, avoid common mistakes and e fit help reduce unnecessary risks.

[Obulis]

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 you are very correct. It's very important to know the risk and uncertainty involve in any investment before considering it as your line of investme because one of the reason why most investors are not sustaining their is that they tend to invest on sometimes base on what someone may tell them about the investment and profit he make from the system without trying to know what the system really entails and the risk involve.
Before considering digital currency investment you need to know the history and the economic performance of the coin you are investing in and when making investment it's important to have a descrisionery income that will help you in your daily financial needs because to make a good profit in digital currency investment require time and patience to hold it for long term .

Very important to know the history and economic performance of any asset you want to put in your resources, in the case of Bitcoin investment the history and economic performance is proclaiming itself. Bitcoin has set a standard that has kept as highest crypto asset and it's not a news how many shitcoins in the market. However, Bitcoin is not also without the news or misunderstanding of quick gains so understanding that Bitcoin is not a quick gain asset is very important even as putting in money doesn't mean guaranteed investment.
But altogether what you know about an asset and your decision depends on where you learn from. Bitcoin trader might not tell a newbie about long-term holding and an investor might not tell a newbie about trading.

[Uhwuchukwu53]

It's unwise to jump into any investment without feasibility study and risk assessment, Bitcoin has it risk but with knowledge investor can boycott many that would have become a problem while in the investment, improvement in knowledge is a step to safe guard investor, not yeilding to pressure any time the market is dipping as many rush for quick sale, avoiding FOMO at all cost and making rightful decision through guided knowledge reduces such risk .

[Versatile_choice]

It's unwise to jump into any investment without feasibility study and risk assessment, Bitcoin has it risk but with knowledge investor can boycott many that would have become a problem while in the investment, improvement in knowledge is a step to safe guard investor, not yeilding to pressure any time the market is dipping as many rush for quick sale, avoiding FOMO at all cost and making rightful decision through guided knowledge reduces such risk .

Yes, it is important to know the basic things about bitcoin before getting started, the reason why I feel it's important to start with the basic knowledge is because, there are some situations that requires knowledge or experience so without knowledge or experience we can't be able to scale through. Although we can also use common sense to scale through from some situation, but still it is essential to have some level of knowledge about bitcoin even though we can't learn everything but at least we need to know the Basic things as this would help us from making unnecessary mistake.

[Zanab247]

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.

Anyone that is taking such risk will regret in future, because before you  invest in any decentralized asset make sure you carry out your research to know how to follow some strategies to ensure you earn profit that will make you feel you are good in making profit from crypto investment. I noticed that few countries don't want their citizens to invest in crypto which is the reason you cannot buy crypto from such countries, and if you fall victim you will regret for breaking the law of that country, because they will sentence the user to jail.

BTC is a decentralized currency that is not control by the government officials and some governments are not happy seeing some countries making it legal tender to their citizens to have access to BTC, because they know it will bring development to the countries that make it public to their people to use but it will not allow government to play politics with it.

[ruykeri]

It's unwise to jump into any investment without feasibility study and risk assessment, Bitcoin has it risk but with knowledge investor can boycott many that would have become a problem while in the investment, improvement in knowledge is a step to safe guard investor, not yeilding to pressure any time the market is dipping as many rush for quick sale, avoiding FOMO at all cost and making rightful decision through guided knowledge reduces such risk .

I think it would be wise to start investing with a small amount to have the right knowledge and be stress-free. But a little study and common sense are enough to understand where to invest among all these cryptos. In that case, it will not take long to understand that investing in Bitcoin is reliable and safe. However, after starting to invest, you will be able to learn how to invest for a long time and how to keep yourself calm and patient during the volatility of Bitcoin's price. However, you should never make any decisions in a hurry. If you maintain financial management properly and invest in Bitcoin, the chances of success in the future increase significantly.

[Nasdel4]

Generally it's best to have knowledge before venturing into anything at all, especially when it involves your hard earned money. It's very wrong to venture into bitcoin or crypto generally without understanding the pros and cons of it. It can be very rewarding but also huge losses can be made but at the end of the day knowing this helps shapen your decision to suit your goals

[Achalugo BTC]

Generally it's best to have knowledge before venturing into anything at all, especially when it involves your hard earned money. It's very wrong to venture into bitcoin or crypto generally without understanding the pros and cons of it. It can be very rewarding but also huge losses can be made but at the end of the day knowing this helps shapen your decision to suit your goals

Knowing the potential risks involved can be a guideline for them to avoid any reckless moves that will seriously harm their financial aspects, but if one invests in what they know about, it will protect them from pressures that will lead them into making financial mistakes. Also, being aware of the risks will help them to control their emotions which will protect them from scams and protect their bankroll, so it's essential for one to know the right thing and do it for their own benefit.