The Four Sentences Bitcoin Beginner Tells Themselves. And Why They're All Wrong

[Son $f Grace]

Am going to learn later, once I have allot to protect

It is very important to gain knowledge about Bitcoin before investing in Bitcoin. For example, if we do not gain knowledge about Bitcoin before investing, it can lead to loss as a result of being knowledgeable, so it is very important to take the right decision at the right time.

I do agree with most especially to learn first before you want to invest, a lot of us beginners we do focus first on how many/much of Bitcoin Dey can buy, then them understand how all this things works. Even with the little you can afford first, learning about Bitcoin, security, wallet making sure you understand it well, will surely go a long way to avoid a costly mistake. You might not have enough yet but the knowledge being gathered will be valuable as you journey with Bitcoin.

[The Founding Titan]

The level of naïvity required for someone to tell themselves that nothing bad will happen to them, it's not wrong to be hopeful but that's not a reason to blind yourself to reality, we have very little control over the things that happens around us. With bitcoin investment we have no way to guarantee success, but we can make effort to ensure that that don't end up working against us.
This is one reason why we should make sure to not joke with our emergency fund, joke with it and you are more or less joking with your investment, and this isn't just about bitcoin, your emergency fund effectively makes sure you don't end up stranded when things in your life don't go the way you expect.

[CryptopreneurBrainboss]

So which of this four have you once told urself or are u telling urself now ? Not the mistake , what are those things you say before deciding it could wait?

Gone pass these stage in my life and I know I won't tell myself things like that again but there are some things we do still tell ourselves as advance investorsas we might claim we have gotten and they still sound like we're novices. But to stay on topic, newbies choosing CEX over self custody is a big concern as some might say, the funds aren't large so they can risk holding it on CEX .  Another sentence is I'll wait for the market to dip more, while this happens most of the time still the newbies don't buy and that's because they have been stuck in the illusion of procrastination. Better you buy and wait  than to wait to buy that you never do. Don't think you can always outsmart the market because chances are, you'll never do unless you deploy the buy and wait strategy.

[Bright0515]

The second point is quite agreeable, a lot of beginners tell themselves that they can start up an investment and procrastinate the learning the process. Before getting into any aspect of crypto currency it is important to gain knowledge but the problem with a lot of beginners is that they undermine the importance of learning about Bitcoin because they feel that there isn't much to learn because Bitcoin is less complex than altcoins. And also they tell themselves they are going to learn later on when they have a lot of capital and in the long run they don't end up learning anything.

[Comeacross]

There are some people with the mindset that they are only holding a small amount therefore dry do not take security seriously, and that dangerous because they will still do the same when they are also holding a bigger amount. That’s why good security habit should be built from the very beginning of your bitcoin journey.

And you know the funny thing about this? Hackers treat every cent as valuable whether it's big or small. Every wallet that contains a valuable coin is a target to them. You don't have to wait until you hold big amount before you start taking your security seriously. Even if you are holding a small amount of coin, you should treat it as if your life depends on it by holding it tight because every cent you lose is addition to hackers.

One effect of losing even small amounts is discouragement. You feel discouraged if you lose small amount and investing becomes a problem because you'll assume you might still lose it again. Security is the first thing you should learn about before you should start your journey in this crypto, don't wait until you have big investment before you start taking it seriously.

[DubemIfedigbo001]

So which of this four have you once told urself or are u telling urself now ? Not the mistake , what are those things you say before deciding it could wait?

If I'm still telling myself any of these, then I'm an old fool . I'm too old in this game to fool myself.  It's important to always commit to learning and best practices.

I can relate to one which is thinking nothing would happen and not upgrading your practices. I stopped using Trust wallet when a colleague funds were drained from connecting her wallet to a phishing site through Dapps section, we've heard it's less secure, but I was too lazy to look for a better alternative until I witnessed it. She mined a lot of Doge coins in 2022, but in the twinkle of an eye it was all gone.

I was scammed as well in Ethereum million money of 2020, despite being warned by my brother that it's a scam. Ever since then I learned the importance of not trusting, but verifying and totally staying away from gambling with my precious coins.

[Son $f Grace]

So which of this four have you once told urself or are u telling urself now ? Not the mistake , what are those things you say before deciding it could wait?

newbies choosing CEX over self custody is a big concern as some might say, the funds aren't large so they can risk holding it on CEX .  Another sentence is I'll wait for the market to dip more, while this happens most of the time still the newbies don't buy and that's because they have been stuck in the illusion of procrastination. Better you buy and wait  than to wait to buy that you never do. Don't think you can always outsmart the market because chances are, you'll never do unless you deploy the buy and wait strategy.

Exactly I love this small amount being use as a reason  to stay on CEX, this very part enlightened the third point on my post, most of the times the amount is not really the problems but the habits which we all build around it. Just imagine one having the mindset of see security important only when the funds is big,you will see that this user will delay the time for learning and when you will want to change this habit it will be very hard because u are already use to such thing. Let learning come first before huge amount later

[Marvelockg]

So which of this four have you once told urself or are u telling urself now ? Not the mistake , what are those things you say before deciding it could wait?

I think the idea that nothing is happening to your asset is one thing that every investor can easily relate with expecially as a means of staying energised throughout the times when you're holding your asset.

When bitcoin is bullish, I've always believed it's going to get more bullish and when bitcoin goes bearish, the mentality is that recovery is the next stop. Even though we know that bitcoin is not 💯 perfect, every investor has one thing in common and that's the mentality that after every DIP comes an eventual recovery.

[Hatchy]

That feeling that not bad will happen to me:
Am going to learn later, once I have allot to protect
It a small amount it not worth the caution yet
A video that I watched, I have basically get it already

We sometimes try to create this delusion in our head that when we invest in the market and do everything right, then all is well. It might be, but maybe not for long. There are so much risk involved in the crypto market that even when you have security at it's peak, you might still be exposed to some vulnerability. The only way to be safe is to be ready for what ever happens next. Don't be the type that gets broken down because of some draw backs, be ready to move on because the market as we know it's is very risky. Learning should be a continuous process for you and not something you do only when you feel you have gone wrong. With time you continue to gather a lot of knowledge that would be your most valuable assets because it helps you know what do do at the right time..

[NewRevelation]

One thing I have always told myself is that I will always do my best in whatever I get involved in. Doing my best simply means doing all that it takes for that particular thing to yield the positive results it has always yielded while others are using it, and this believe of mine has helped me scale through some difficult places where some people bring in the cat of laziness that could prevent them from completely winning.

As a newbie I'm Bitcoin investment, what stops you from doing what is entailed for you to do in order to invest better and HODL longer? A newbie who fails to read and learn to get some more knowledge about Bitcoin investment will surely do nonsense at a long run. Neglecting the basics you need to invest in peace will hunt you in the future, thereby leaving you in distress and so much panic and/or loss. There are so many people in Bitcoin investment that are doing well, find out what they did, what they are doing, how they are doing it, ask questions, be ready to learn, don't neglect anything important, and hopefully, you are on your way to a successful investment.

[Curious T]

The level of naïvity required for someone to tell themselves that nothing bad will happen to them, it's not wrong to be hopeful but that's not a reason to blind yourself to reality, we have very little control over the things that happens around us.

You call it naivety because it is being discussed in Bitcoin, but if we take it to the broader scale of life, you will see that a lot of people have that mindset. It is not that people say nothing will happen to them exactly, they just feel it cannot be them. They feel the cases of people that it has happened to are just stories that are far away from them. They don't imagine that it can be them one day. For example, we have been hearing stories of Tether freezing people's USDT in their addresses. We all know this, but we still use USDT freely, and some people even keep their money in USDT for a long time without any fear at all. They believe it can't be them. After all, what have they done for their coins to be frozen? So that is how it works. Nobody believes that their wallet can be wiped till it happens. Nobody believe tat they can lose their seed phrase till it happens. They didn't directly say "it can't happen to me", but they never thought it could be them, and that can make people careless.