(OP)If you dig deeper, you'll find that every service supports storing (BTC) the world's largest digital asset, from exchanges to non-custodial software and hardware wallets.
1. Environmental concerns are an important topic of discussion around BTC, so Bitcoin investing should take a long-term approach without panicking.
2. Bitcoin is highly volatile so your capital is at risk, in which case you could lose all your money and should prepare for a long period of time by not selling Bitcoin in this environment unless a dip or emergency occurs.
3. As with any investment, a thorough observation and understanding of the various risks and awareness of the subsequent landscape is essential to navigating a Bitcoin investment.
Topic: 3 things to know before investing in Bitcoin (Read 578 times)
from this link, it is very important to know how something works before going into where as going deep into research to know the steps to take to be successful in your investment.
I have read many Posts in this forum which indicates that many people don't know what to do many business persons fail in their business cause they don't follow procedures some just venture into it cause others are making success. Recently I saw a post where the writer was asking what should he do if someone tells him they would hold him responsible for their lose if they invest in Bitcoin. Bitcoin and investment is not something to force someone into.
Today I took my time to make this research of Bitcoin investment and I found this so I decided to share.
THE HALVING AND BITCOIN MINING: 3 THINGS TO KNOW BEFORE INVESTING IN THIS EXPLOSIVE INDUSTRY.
From the subject of these thread I honestly thought I would actually see the 3 things I need to know before investing in Bitcoin listed out. Investing in Bitcoin isn't something to force anyone into, Bitcoin can be enticing especially when others are experiencing success. As a newbie one of the things I have grabbed firmly while investing in Bitcoin is to avoid monitoring the market and price especially when you are a long term HODLER.I have read many Posts in this forum which indicates that many people don't know what to do many business persons fail in their business cause they don't follow procedures some just venture into it cause others are making success. Recently I saw a post where the writer was asking what should he do if someone tells him they would hold him responsible for their lose if they invest in Bitcoin. Bitcoin and investment is not something to force someone into.
Today I took my time to make this research of Bitcoin investment and I found this so I decided to share.
THE HALVING AND BITCOIN MINING: 3 THINGS TO KNOW BEFORE INVESTING IN THIS EXPLOSIVE INDUSTRY.
from this link, it is very important to know how something works before going into where as going deep into research to know the steps to take to be successful in your investment.
I have read many Posts in this forum which indicates that many people don't know what to do many business persons fail in their business cause they don't follow procedures some just venture into it cause others are making success. Recently I saw a post where the writer was asking what should he do if someone tells him they would hold him responsible for their lose if they invest in Bitcoin. Bitcoin and investment is not something to force someone into.
Today I took my time to make this research of Bitcoin investment and I found this so I decided to share.
THE HALVING AND BITCOIN MINING: 3 THINGS TO KNOW BEFORE INVESTING IN THIS EXPLOSIVE INDUSTRY.
From the subject of these thread I honestly thought I would actually see the 3 things I need to know before investing in Bitcoin listed out. Investing in Bitcoin isn't something to force anyone into, Bitcoin can be enticing especially when others are experiencing success. As a newbie one of the things I have grabbed firmly while investing in Bitcoin is to avoid monitoring the market and price especially when you are a long term HODLER. I have read many Posts in this forum which indicates that many people don't know what to do many business persons fail in their business cause they don't follow procedures some just venture into it cause others are making success. Recently I saw a post where the writer was asking what should he do if someone tells him they would hold him responsible for their lose if they invest in Bitcoin. Bitcoin and investment is not something to force someone into.
Today I took my time to make this research of Bitcoin investment and I found this so I decided to share.
THE HALVING AND BITCOIN MINING: 3 THINGS TO KNOW BEFORE INVESTING IN THIS EXPLOSIVE INDUSTRY.
from this link, it is very important to know how something works before going into where as going deep into research to know the steps to take to be successful in your investment.
I have read many Posts in this forum which indicates that many people don't know what to do many business persons fail in their business cause they don't follow procedures some just venture into it cause others are making success. Recently I saw a post where the writer was asking what should he do if someone tells him they would hold him responsible for their lose if they invest in Bitcoin. Bitcoin and investment is not something to force someone into.
Today I took my time to make this research of Bitcoin investment and I found this so I decided to share.
THE HALVING AND BITCOIN MINING: 3 THINGS TO KNOW BEFORE INVESTING IN THIS EXPLOSIVE INDUSTRY.
I believe everyone who want to invest in bitcoin needs proper guide, and also make a research to know more about Bitcoin, to avoid little mistake because any small mistake would end up losing funds, Bitcoin alone needs to be study because it different from other Cryptocurrency that's why if one know nothing about it should make a research and also ask people who knows more about it, and always be careful when making any bitcoin transactions as it irreversible. I have read many Posts in this forum which indicates that many people don't know what to do many business persons fail in their business cause they don't follow procedures some just venture into it cause others are making success. Recently I saw a post where the writer was asking what should he do if someone tells him they would hold him responsible for their lose if they invest in Bitcoin. Bitcoin and investment is not something to force someone into.
Today I took my time to make this research of Bitcoin investment and I found this so I decided to share.
THE HALVING AND BITCOIN MINING: 3 THINGS TO KNOW BEFORE INVESTING IN THIS EXPLOSIVE INDUSTRY.
You are absolutely correct you can't just jump into a business that you don't even know the risk(strategy and analysis) all about I think this is the most important thing to know before going into a business, some people involved themselves just because others are using it to make profit and they only think is so easy to know.
We shouldn't be so attracted to once said heard an investment is profitable and just jump in to invest without making enquiries about the strategies to what could bring the profits and if risks are involved to be learn because then, you'd build up your emotions and craft your strategies towards elimination or limitations of your losts and also then at the time of lost, you can always bear it because you've earlier been aware.
So before Investing on bitcoin, such criteria should be primarily noted because it'd be wise for investors to learn about the bitcoin environments before Investing than investing before learning else, would always be accountable to loose.
Also you should prepare yourself for investment in such a way that the importance of tangible assets does not diminish. Your investment should be one that you can afford to lose. But if you want to invest you can continue depositing a portion of disposable income in DCA method every week or every month and for long term.
You are absolutely correct you can't just jump into a business that you don't even know the risk(strategy and analysis) all about I think this is the most important thing to know before going into a business, some people involved themselves just because others are using it to make profit and they only think is so easy to know.
We shouldn't be so attracted to once said heard an investment is profitable and just jump in to invest without making enquiries about the strategies to what could bring the profits and if risks are involved to be learn because then, you'd build up your emotions and craft your strategies towards elimination or limitations of your losts and also then at the time of lost, you can always bear it because you've earlier been aware.
So before Investing on bitcoin, such criteria should be primarily noted because it'd be wise for investors to learn about the bitcoin environments before Investing than investing before learning else, would always be accountable to loose.
We have previously done old online markets on various topics in past years, which were Stocks/Gold. Investing is really helpful in life which provides best quality services to people and we employ it, which we now also call cryptocurrency. Bitcoin is one of the most talked about phenomena in the world of cryptocurrency, but there are many theories about this Bitcoin, many say that Bitcoin investment has no intrinsic value, it does not generate anything, it has no history as a store of value.
Will be scrambling. There is no implicit value other than zero, tell me how can I walk in this forum?
Give me a chance to know!
thank you
Will be scrambling. There is no implicit value other than zero, tell me how can I walk in this forum?
Give me a chance to know!
thank you
Though your writing isn't bad, but when I saw this post, I initially thought of something more robust, something more easier to understand to a newbie or a total novice, but like this, it will be quite difficult for a novice to understand perfectly well what you are trying to say, because most novice and newbies don't even know what is mining, so to me, the information you are trying to send out is not that clear.
So too me, if am advicing anyone on this your topic here, which is three things to know before investing in Bitcoin. it would;
* Bitcoin is not a get rich quick scheme: you can't just invest in Bitcoin and expect to be a millionaire overnight just as most newbies think.
* Bitcoin investment is not a risk free investment: most people think that once they invest in Bitcoin they are sure of a return, no, it's actually risky just as every investment out there, due to it volatility.
* We should always store it in a self custodian wallet: this is one of the most important thing to know before investing in Bitcoin, so you wouldn't lose your asset.
So too me, if am advicing anyone on this your topic here, which is three things to know before investing in Bitcoin. it would;
* Bitcoin is not a get rich quick scheme: you can't just invest in Bitcoin and expect to be a millionaire overnight just as most newbies think.
* Bitcoin investment is not a risk free investment: most people think that once they invest in Bitcoin they are sure of a return, no, it's actually risky just as every investment out there, due to it volatility.
* We should always store it in a self custodian wallet: this is one of the most important thing to know before investing in Bitcoin, so you wouldn't lose your asset.
I was also expecting something more elaborate on the topic but what he provided is still educating. The first point you made is something those new to crypto currency can achieve, newbies have delusional and wishful thinking about Bitcoin perhaps based on stories they have heard about others making money from it without knowing the sacrifices they made. And the second point cannot be overemphasized, people think investing in Bitcoin is a way to get guaranteed profit and feel there are risks involved, every investment is risky you just have to calculative about how much you invest in it
from this link, it is very important to know how something works before going into where as going deep into research to know the steps to take to be successful in your investment.
I have read many Posts in this forum which indicates that many people don't know what to do many business persons fail in their business cause they don't follow procedures some just venture into it cause others are making success.
The first step every wise person takes when venturing into a new activity is to gather as much useful information as possible from research and consultation of those already successful in the field so as to be fully armed with plenty information which informed decisions can be drawn from.I have read many Posts in this forum which indicates that many people don't know what to do many business persons fail in their business cause they don't follow procedures some just venture into it cause others are making success.
Quote
Recently I saw a post where the writer was asking what should he do if someone tells him they would hold him responsible for their lose if they invest in Bitcoin. Bitcoin and investment is not something to force someone into..
He shouldn't allow that to happen by simply telling this clients how volatile the market is and the importance of investing with their spare funds. Judging from the impression of those people, they are about to invest with their emergency fund and it should be discouraged.Secondly, he should make them aware that he doesn't control the market and Bitcoin investment is totally the decision of the investor. Therefore, he should not serve as a guarantor of any kind.
Truly i found it very annoying when i see people throw shame and condemnation on someone in a harsh manner because most persons don't late that way. When you say things to them like that they become ashamed and find it difficult to continue in the forum. I think there is a proper way to talk to people like that and Bariku has done well to talk to him and not just correct him. He provided the right information to how bitcoin investment should be done.
It is the most common mistake newbies make. Their discussion tends to contradict what they have written on the topic. On second thought, it's not supposed to be so. I think someone is supposed to know what they would want to share or talk about before even drafting a topic from it.
It is the most common mistake newbies make. Their discussion tends to contradict what they have written on the topic. On second thought, it's not supposed to be so. I think someone is supposed to know what they would want to share or talk about before even drafting a topic from it.
I think that sometimes, we even forget that this place is forum and na place to learn and help each other understand a common ground to learn everything about Bitcoin but some people think that there is superiority when it comes to knowledge and they will quick to bash you when you make a small mistake or when you don't know something but it's not supposed to be like that, we should learn to correct without insult and accept mistakes without been angry.
The local board is even the best place to make friends and help out with proper information and not bash someone. I see other local boards help their fellow members literally in everything concerning Bitcoin and this forum but here are we trying to do competition with each other, that's bad.
Though your writing isn't bad, but when I saw this post, I initially thought of something more robust, something more easier to understand to a newbie or a total novice, but like this, it will be quite difficult for a novice to understand perfectly well what you are trying to say, because most novice and newbies don't even know what is mining, so to me, the information you are trying to send out is not that clear.
So too me, if am advicing anyone on this your topic here, which is three things to know before investing in Bitcoin. it would;
* Bitcoin is not a get rich quick scheme: you can't just invest in Bitcoin and expect to be a millionaire overnight just as most newbies think.
* Bitcoin investment is not a risk free investment: most people think that once they invest in Bitcoin they are sure of a return, no, it's actually risky just as every investment out there, due to it volatility.
* We should always store it in a self custodian wallet: this is one of the most important thing to know before investing in Bitcoin, so you wouldn't lose your asset.
These are exactly how a correction should be rather than total condemnation and casting out when we all know that it’s not always easy to grow and kiss hung from his profile and his post, it seems op is a wanting and willing to learn and I just love the way you first boosted up his courage and politely corrected the user without condemnation.So too me, if am advicing anyone on this your topic here, which is three things to know before investing in Bitcoin. it would;
* Bitcoin is not a get rich quick scheme: you can't just invest in Bitcoin and expect to be a millionaire overnight just as most newbies think.
* Bitcoin investment is not a risk free investment: most people think that once they invest in Bitcoin they are sure of a return, no, it's actually risky just as every investment out there, due to it volatility.
* We should always store it in a self custodian wallet: this is one of the most important thing to know before investing in Bitcoin, so you wouldn't lose your asset.
@op, I could see how much effort you added in this and I’m indeed impressed but most times you should preview your post and read it like a guest to the topic so you could make some corrections if there be any .
Your topic wasn’t saying same thing with what you wrongs in the main thread which makes it seems you’re not sure of what you’re doing.
It is the most common mistake newbies make. Their discussion tends to contradict what they have written on the topic. On second thought, it's not supposed to be so. I think someone is supposed to know what they would want to share or talk about before even drafting a topic from it.
The bitcoin investment is all about having enough knowledge understanding, because the problem most of people’s is that they want to be the successful person in investment pushing themselves into bitcoin investments and they don’t to lean to have an experience about, and no one can be come a successful person in this life without those three things we mentioned earlier and is not only the bitcoin investments is all about every business knows the main key point of business which are the capital.
There some people that they will know get capital that they will establish the business and they will introduce themselves into any business and the bitcoins investment is like, because a person can know just and take loans and scarify all money into the bitcoins investment what if the you lose the money to pay back this loan will be issued, so in this case is good to use the amount of that we can afford to lose.
There some people that they will know get capital that they will establish the business and they will introduce themselves into any business and the bitcoins investment is like, because a person can know just and take loans and scarify all money into the bitcoins investment what if the you lose the money to pay back this loan will be issued, so in this case is good to use the amount of that we can afford to lose.
Do everything possible to grow your capital before going into BTC investment, which is very important to newbies because it will help them to buy BTC easily when bear market occur, which is the popular season many people use to take a bold step to buy BTC from the market.
You must have the knowledge of BTC before going into the investment, which is another advantage that will make you last in your BTC investment because you will know the different between bull run and bear run which are very important to BTC investors in the community.
Ensure you know the right wallet to use to store your BTC before going into BTC investment, because some people have loss everything they stored in their wallets because they didn't use electrum wallet which is among the solid wallet.
You must have the knowledge of BTC before going into the investment, which is another advantage that will make you last in your BTC investment because you will know the different between bull run and bear run which are very important to BTC investors in the community.
Ensure you know the right wallet to use to store your BTC before going into BTC investment, because some people have loss everything they stored in their wallets because they didn't use electrum wallet which is among the solid wallet.
No one will ever lose interest if they understand what it means, bitcoin is not just an investment, bitcoin is another source of making money and for anything concerning capital you have to be careful, the reason why some people fail in terms of investing in bitcoin is because they don’t understand how it is before investing in it, everything needs to be study before going into it, some people invest in bitcoin just because they heard about the profit and as an investor you don’t need have to rush in terms of investment in any cryptocurrency.
The wallet is the most important thing to secure when you are holding a coin, having a good strong and trusted wallet is very important in crypto, and for those who complain about Bitcoin that if they lose their money they will hold the person who introduced bitcoin to them responsible, I don’t think those people know what they are doing because investing in bitcoin is not by force you have to understand it before deciding to invest in it or not.
Though your writing isn't bad, but when I saw this post, I initially thought of something more robust, something more easier to understand to a newbie or a total novice, but like this, it will be quite difficult for a novice to understand perfectly well what you are trying to say, because most novice and newbies don't even know what is mining, so to me, the information you are trying to send out is not that clear.
So too me, if am advicing anyone on this your topic here, which is three things to know before investing in Bitcoin. it would;
* Bitcoin is not a get rich quick scheme: you can't just invest in Bitcoin and expect to be a millionaire overnight just as most newbies think.
* Bitcoin investment is not a risk free investment: most people think that once they invest in Bitcoin they are sure of a return, no, it's actually risky just as every investment out there, due to it volatility.
* We should always store it in a self custodian wallet: this is one of the most important thing to know before investing in Bitcoin, so you wouldn't lose your asset.
So too me, if am advicing anyone on this your topic here, which is three things to know before investing in Bitcoin. it would;
* Bitcoin is not a get rich quick scheme: you can't just invest in Bitcoin and expect to be a millionaire overnight just as most newbies think.
* Bitcoin investment is not a risk free investment: most people think that once they invest in Bitcoin they are sure of a return, no, it's actually risky just as every investment out there, due to it volatility.
* We should always store it in a self custodian wallet: this is one of the most important thing to know before investing in Bitcoin, so you wouldn't lose your asset.
Yeah Bitcoin investment is not the kind of investment that would yield immediately that is why so many people had advised those who want to invest newly on Bitcoin to invest what they can afford to lose and make sure there is still something sustainable to hold and also get something that would get you money regularly if you want to survive Bitcoin investment.
Bitcoin itself is a normal risk just like every other risk involvement and the actual successful people on this earth are actually the risk takers so when it comes to risk it's not something anyone can avoid but the issues is that you have to just limit some certain risk and in the field of crypto investment buying of crazy altcoins would be the crazy risk am talking about.
No be everything risk wey person go take buy it's good to take the risk wey dey for Bitcoin investment because no body dey control am, and make we also know say even if Bitcoin dip today tomorrow e go still sky rocket again.
Though your writing isn't bad, but when I saw this post, I initially thought of something more robust, something more easier to understand to a newbie or a total novice, but like this, it will be quite difficult for a novice to understand perfectly well what you are trying to say, because most novice and newbies don't even know what is mining, so to me, the information you are trying to send out is not that clear.
So too me, if am advicing anyone on this your topic here, which is three things to know before investing in Bitcoin. it would;
* Bitcoin is not a get rich quick scheme: you can't just invest in Bitcoin and expect to be a millionaire overnight just as most newbies think.
* Bitcoin investment is not a risk free investment: most people think that once they invest in Bitcoin they are sure of a return, no, it's actually risky just as every investment out there, due to it volatility.
* We should always store it in a self custodian wallet: this is one of the most important thing to know before investing in Bitcoin, so you wouldn't lose your asset.
These are exactly how a correction should be rather than total condemnation and casting out when we all know that it’s not always easy to grow and kiss hung from his profile and his post, it seems op is a wanting and willing to learn and I just love the way you first boosted up his courage and politely corrected the user without condemnation.So too me, if am advicing anyone on this your topic here, which is three things to know before investing in Bitcoin. it would;
* Bitcoin is not a get rich quick scheme: you can't just invest in Bitcoin and expect to be a millionaire overnight just as most newbies think.
* Bitcoin investment is not a risk free investment: most people think that once they invest in Bitcoin they are sure of a return, no, it's actually risky just as every investment out there, due to it volatility.
* We should always store it in a self custodian wallet: this is one of the most important thing to know before investing in Bitcoin, so you wouldn't lose your asset.
@op, I could see how much effort you added in this and I’m indeed impressed but most times you should preview your post and read it like a guest to the topic so you could make some corrections if there be any .
Your topic wasn’t actually saying same thing with what you wrongs in the main thread which makes it seems you’re not sure of what you’re doing.
Though your writing isn't bad, but when I saw this post, I initially thought of something more robust, something more easier to understand to a newbie or a total novice, but like this, it will be quite difficult for a novice to understand perfectly well what you are trying to say, because most novice and newbies don't even know what is mining, so to me, the information you are trying to send out is not that clear.
So too me, if am advicing anyone on this your topic here, which is three things to know before investing in Bitcoin. it would;
* Bitcoin is not a get rich quick scheme: you can't just invest in Bitcoin and expect to be a millionaire overnight just as most newbies think.
* Bitcoin investment is not a risk free investment: most people think that once they invest in Bitcoin they are sure of a return, no, it's actually risky just as every investment out there, due to it volatility.
* We should always store it in a self custodian wallet: this is one of the most important thing to know before investing in Bitcoin, so you wouldn't lose your asset.
So too me, if am advicing anyone on this your topic here, which is three things to know before investing in Bitcoin. it would;
* Bitcoin is not a get rich quick scheme: you can't just invest in Bitcoin and expect to be a millionaire overnight just as most newbies think.
* Bitcoin investment is not a risk free investment: most people think that once they invest in Bitcoin they are sure of a return, no, it's actually risky just as every investment out there, due to it volatility.
* We should always store it in a self custodian wallet: this is one of the most important thing to know before investing in Bitcoin, so you wouldn't lose your asset.
Yeah Bitcoin investment is not the kind of investment that would yield immediately that is why so many people had advised those who want to invest newly on Bitcoin to invest what they can afford to lose and make sure there is still something sustainable to hold and also get something that would get you money regularly if you want to survive Bitcoin investment.
Bitcoin itself is a normal risk just like every other risk involvement and the actual successful people on this earth are actually the risk takers so when it comes to risk it's not something anyone can avoid but the issues is that you have to just limit some certain risk and in the field of crypto investment buying of crazy altcoins would be the crazy risk am talking about.
from this link, it is very important to know how something works before going into where as going deep into research to know the steps to take to be successful in your investment.
I have read many Posts in this forum which indicates that many people don't know what to do many business persons fail in their business cause they don't follow procedures some just venture into it cause others are making success. Recently I saw a post where the writer was asking what should he do if someone tells him they would hold him responsible for their lose if they invest in Bitcoin. Bitcoin and investment is not something to force someone into.
Today I took my time to make this research of Bitcoin investment and I found this so I decided to share.
THE HALVING AND BITCOIN MINING: 3 THINGS TO KNOW BEFORE INVESTING IN THIS EXPLOSIVE INDUSTRY.
If you don't understand a business its best you just don't bother venturing into them because you may loose your money because you you wouldn't know how well to handle the business to the point of controlling you. some persons don't even wait to understand the business before they eventually venture into it, they just do buy what they have heard over the years how someone else eventually told them how they succeeded with bitcoin, they get inpatient and not want to get full details into how they made the profit off such. I have read many Posts in this forum which indicates that many people don't know what to do many business persons fail in their business cause they don't follow procedures some just venture into it cause others are making success. Recently I saw a post where the writer was asking what should he do if someone tells him they would hold him responsible for their lose if they invest in Bitcoin. Bitcoin and investment is not something to force someone into.
Today I took my time to make this research of Bitcoin investment and I found this so I decided to share.
THE HALVING AND BITCOIN MINING: 3 THINGS TO KNOW BEFORE INVESTING IN THIS EXPLOSIVE INDUSTRY.
Though your writing isn't bad, but when I saw this post, I initially thought of something more robust, something more easier to understand to a newbie or a total novice, but like this, it will be quite difficult for a novice to understand perfectly well what you are trying to say, because most novice and newbies don't even know what is mining, so to me, the information you are trying to send out is not that clear.
So too me, if am advicing anyone on this your topic here, which is three things to know before investing in Bitcoin. it would;
* Bitcoin is not a get rich quick scheme: you can't just invest in Bitcoin and expect to be a millionaire overnight just as most newbies think.
* Bitcoin investment is not a risk free investment: most people think that once they invest in Bitcoin they are sure of a return, no, it's actually risky just as every investment out there, due to it volatility.
* We should always store it in a self custodian wallet: this is one of the most important thing to know before investing in Bitcoin, so you wouldn't lose your asset.
So too me, if am advicing anyone on this your topic here, which is three things to know before investing in Bitcoin. it would;
* Bitcoin is not a get rich quick scheme: you can't just invest in Bitcoin and expect to be a millionaire overnight just as most newbies think.
* Bitcoin investment is not a risk free investment: most people think that once they invest in Bitcoin they are sure of a return, no, it's actually risky just as every investment out there, due to it volatility.
* We should always store it in a self custodian wallet: this is one of the most important thing to know before investing in Bitcoin, so you wouldn't lose your asset.
Yeah Bitcoin investment is not the kind of investment that would yield immediately that is why so many people had advised those who want to invest newly on Bitcoin to invest what they can afford to lose and make sure there is still something sustainable to hold and also get something that would get you money regularly if you want to survive Bitcoin investment.
Though your writing isn't bad, but when I saw this post, I initially thought of something more robust, something more easier to understand to a newbie or a total novice, but like this, it will be quite difficult for a novice to understand perfectly well what you are trying to say, because most novice and newbies don't even know what is mining, so to me, the information you are trying to send out is not that clear.
So too me, if am advicing anyone on this your topic here, which is three things to know before investing in Bitcoin. it would;
* Bitcoin is not a get rich quick scheme: you can't just invest in Bitcoin and expect to be a millionaire overnight just as most newbies think.
* Bitcoin investment is not a risk free investment: most people think that once they invest in Bitcoin they are sure of a return, no, it's actually risky just as every investment out there, due to it volatility.
* We should always store it in a self custodian wallet: this is one of the most important thing to know before investing in Bitcoin, so you wouldn't lose your asset.
So too me, if am advicing anyone on this your topic here, which is three things to know before investing in Bitcoin. it would;
* Bitcoin is not a get rich quick scheme: you can't just invest in Bitcoin and expect to be a millionaire overnight just as most newbies think.
* Bitcoin investment is not a risk free investment: most people think that once they invest in Bitcoin they are sure of a return, no, it's actually risky just as every investment out there, due to it volatility.
* We should always store it in a self custodian wallet: this is one of the most important thing to know before investing in Bitcoin, so you wouldn't lose your asset.
Yeah Bitcoin investment is not the kind of investment that would yield immediately that is why so many people had advised those who want to invest newly on Bitcoin to invest what they can afford to lose and make sure there is still something sustainable to hold and also get something that would get you money regularly if you want to survive Bitcoin investment.
from this link, it is very important to know how something works before going into where as going deep into research to know the steps to take to be successful in your investment.
I have read many Posts in this forum which indicates that many people don't know what to do many business persons fail in their business cause they don't follow procedures some just venture into it cause others are making success. Recently I saw a post where the writer was asking what should he do if someone tells him they would hold him responsible for their lose if they invest in Bitcoin. Bitcoin and investment is not something to force someone into.
Today I took my time to make this research of Bitcoin investment and I found this so I decided to share.
THE HALVING AND BITCOIN MINING: 3 THINGS TO KNOW BEFORE INVESTING IN THIS EXPLOSIVE INDUSTRY.
A lot of people jumped into the crypto market with the excitement from the past stories they might heard and maybe get trapped in the wrong path of loss I have read many Posts in this forum which indicates that many people don't know what to do many business persons fail in their business cause they don't follow procedures some just venture into it cause others are making success. Recently I saw a post where the writer was asking what should he do if someone tells him they would hold him responsible for their lose if they invest in Bitcoin. Bitcoin and investment is not something to force someone into.
Today I took my time to make this research of Bitcoin investment and I found this so I decided to share.
THE HALVING AND BITCOIN MINING: 3 THINGS TO KNOW BEFORE INVESTING IN THIS EXPLOSIVE INDUSTRY.
There is one slogan that is very paramount in the Forum which is, “doing your own research” and this slogan simply means that, irrespective of whatever information you get about anything especially in the cryptocurrency market, you should always conduct your own personal research about it because you’ll be held accountable for any loss of encountered.
I isn’t go through the link but it is always advisable that there should be a very proper and thorough research about anything investment and money especially these digital currencies as it might be difficult to trace if any mistake is made.
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