The role of mentorship in Bitcoin accumulation.

[Silikiem]

I won't advise anyone to be a mentor in bitcoin accumulation. Everyone should figure out how they want to succeed personally because they are the one who knows how to control their finances. Most people talk about setting aside emergency funds, etc, before starting their investment, but let us be realistic. In this part of the world (Nigeria), everything doesn't really go as planned. The country is tough to keep up such practices unless you are making a very good sum of money. Plebs will find it difficult to keep to the practice. Many unforeseen events may arise and cause them to tamper with their investment.

I don’t think you understood the OP and the concept of mentorship as regards bitcoin. You want to figure it out on your own you’re surely gonna make lots of mistakes unless you have money to throw around because those mistakes are going to cost you. Now mentorship plus your own research keeps you safe.
From the rest of your statements you don’t also understand bitcoin accumulation procedures. People don’t have to set aside emergency funds before starting bitcoin accumulation, you can either set it as you start or after you’ve started.

A good mentorship in bitcoin investment can be very helpful and beneficial especially as a beginner who doesn’t have a good knowledge or understanding of bitcoin. What is required is having a good mindset or understanding of bitcoin investment and you’re good to go.A mindset to know that the investment you’re venturing in is not a get rich quick investment. Bitcoin is a long term investment and for sure you will be learning and unlearning new things as you continue to accumulate bitcoin and most of the times, since bitcoin is unpredictable and no one is a master of it, from your very own experience you’ll be able to make some important decisions in the future regarding your bitcoin investment.

[MorganaX]

I won't advise anyone to be a mentor in bitcoin accumulation. Everyone should figure out how they want to succeed personally because they are the one who knows how to control their finances. Most people talk about setting aside emergency funds, etc, before starting their investment, but let us be realistic. In this part of the world (Nigeria), everything doesn't really go as planned. The country is tough to keep up such practices unless you are making a very good sum of money. Plebs will find it difficult to keep to the practice. Many unforeseen events may arise and cause them to tamper with their investment.

I don’t think you understood the OP and the concept of mentorship as regards bitcoin. You want to figure it out on your own you’re surely gonna make lots of mistakes unless you have money to throw around because those mistakes are going to cost you. Now mentorship plus your own research keeps you safe.
From the rest of your statements you don’t also understand bitcoin accumulation procedures. People don’t have to set aside emergency funds before starting bitcoin accumulation, you can either set it as you start or after you’ve started.

A good mentorship in bitcoin investment can be very helpful and beneficial especially as a beginner who doesn’t have a good knowledge or understanding of bitcoin. What is required is having a good mindset or understanding of bitcoin investment and you’re good to go.A mindset to know that the investment you’re venturing in is not a get rich quick investment. Bitcoin is a long term investment and for sure you will be learning and unlearning new things as you continue to accumulate bitcoin and most of the times, since bitcoin is unpredictable and no one is a master of it, from your very own experience you’ll be able to make some important decisions in the future regarding your bitcoin investment.

Most persons just think that Bitcoin investment is just to buy hold and sell that is all, well I will say that is just the first phase of understanding that looks like a basic not actually all what you need to know. There are very vital things to know as a newbie when investing in Bitcoin. Such include;
The learning aspect, as this is something you must be doing to get yourself ready for any theoretical or practical help for your investment.

Another can be the act of buy and selling at the right time; most persons don't actually know the time to sell or buy and this is one of the most area we need to know when investing in Bitcoin.

Another is the patience to hold; I believe we are witnessing the dump of Bitcoin and some few investors are still holding, that is just it, if you can hold for the long no matter the fall, I believe it will definitely help.
Among others not mentioned.

[Uhwuchukwu53]

This depends on the person level of articulation, else mentorship may not be deem necessary because whoever that have made up mind to venture into Bitcoin investment must seek knowledge and make some research which will serve as eyes opener, most time knowledge gotten from research and investigation goes far beyond when one rely only on mentorship, because the limitations is where your mentor limit is that's where your strength may end. It's better to do personal search and seek help where you are not performing well. Though beginner who lacking good information before going into Bitcoin investment can't succeed without a good mentorship except such investor is subjected to acquiring knowledge by constantly reading and making use of helpful links containing good information.

[Loyang]

This depends on the person level of articulation, else mentorship may not be deem necessary because whoever that have made up mind to venture into Bitcoin investment must seek knowledge and make some research which will serve as eyes opener, most time knowledge gotten from research and investigation goes far beyond when one rely only on mentorship, because the limitations is where your mentor limit is that's where your strength may end. It's better to do personal search and seek help where you are not performing well. Though beginner who lacking good information before going into Bitcoin investment can't succeed without a good mentorship except such investor is subjected to acquiring knowledge by constantly reading and making use of helpful links containing good information.

A person does not need a lot of knowledge to invest. If a person has basic knowledge about Bitcoin, then he can invest. But yes, a person needs knowledge to deal with the fall and protect himself from rumors. But a person can start investing in the first place and gradually gain knowledge. If a person waits to gain knowledge before investing, then it will never be the right decision for him.

Never rely on anyone. Always trust your own knowledge and do your own research. Because if you rely on someone's knowledge, he may give you wrong knowledge and your investment may be lost. Always do your own research

[Fiasem20]

The role of a mentor for the Bitcoin accumulation dey crucial for the life of a newbie.When you get mentor for this space e go help you well well because a lot of them don make mistakes and dem go wan share their experience to their mentees so that dem no go make the same mistake.Dem dey also try for the aspect of guiding their mentees so that the complex aspect go sha dey easy,but now e go wise if a mentee go rely on him mentor make him tell am everything about bitcoin, sometimes e good make dem carryout their own research as mentees.Many people no sha get mentor when dem enter the Bitcoin ecosystem as newbie,dem sha do their own research and learn from their mistake until dem become expert.

[Pikiboy]

Having mentorship as a newbie is a vital approach for every newbies, because is good to have a good foundation in which knowledge can be pass to another if there's no mentorship how can a newbie like us learn, newbies grow by knowledge and by taking corrections on other people mistakes therefore it is there mentor that would enlighten he/her learners on how to invest in Bitcoin weather long or short term but after the first stage I suggested every newbies should be able to stand on there feet.

[Ever-young]

Having mentorship as a newbie is a vital approach for every newbies, because is good to have a good foundation in which knowledge can be pass to another if there's no mentorship how can a newbie like us learn, newbies grow by knowledge and by taking corrections on other people mistakes therefore it is there mentor that would enlighten he/her learners on how to invest in Bitcoin weather long or short term but after the first stage I suggested every newbies should be able to stand on there feet.

That’s very correct. Mentorship is life the foundation of a house, without the foundation and a solid one, the house might only remain standing for a little while and it’ll only take a moment before it collapses. When a newbie enters into Bitcoin, they stepping into something new, something that requires proper guidance because Bitcoin investment is where risks, strategy and emotions all meets and if he doesn’t know how to balance al of that, it could result into serious chaos. By having a good mentor, they’ll be able to avoid making some basic mistakes, have better understanding about the market and be able to build confidence in the market.

[ArabBTC]

Having a mentor is not a bad idea, especially for traders knowing fully well that the market is robust and only knowledge can sustain any trader, infact your level of success in trading is directly proportional to the level of knowledge you have about trading in general, and knowledge is gotten by experience, exposure and mentorship.

However, you have to be certain of who your mentor is, trader’s should ensure they pick a mentor that is knowledgeable enough about trading and also that is sincere, if this qualities are not embedded in the mentor then such person should not be chosen as a mentor, but in all you do ensure to build your skill personally, you learn a lot on your own especially when you already know the basics about trading.

[Tungbulu]

I won't advise anyone to be a mentor in bitcoin accumulation. Everyone should figure out how they want to succeed personally because they are the one who knows how to control their finances. Most people talk about setting aside emergency funds, etc, before starting their investment, but let us be realistic. In this part of the world (Nigeria), everything doesn't really go as planned. The country is tough to keep up such practices unless you are making a very good sum of money. Plebs will find it difficult to keep to the practice. Many unforeseen events may arise and cause them to tamper with their investment.

Everyone wants to have their journey figured out, but the truth is that it’s not always possible for everyone, especially those who are relatively new to bitcoin to just figure everything out themselves, hence the importance of mentorship. This isn’t to teach you how to accumulate or approach Bitcoin,but rather, mentorship is more of a way to help people gain more clarity and enlightenment about what they want to do and how to figure out their position in order to develop and tailor their their own unique strategy.