Topic: Is it too late for newbies? - page 2. (Read 767 times)

The steps you mentioned are indeed quite appropriate to be carried out by anyone who currently has a desire to learn about trading. But I think that the things you mentioned are not very easy things to do because apart from having to have enough time to do research on how to trade and how to understand the market, sometimes things don't go our way. So we can only rely more on ourselves even though we can ask the trading experts in the crypto space.

what kind of success story do you mean?  whether that story is like vitalik or CZ?

it is not easy to understand cryptocurrencies in detail when you are not ready to accept the change of mind you will experience, you will wonder how it can attract so many people to buy ^{(for example bitcoin and ETH)}

in an article briefly explained what cryptocurrency is

but for more information about cryptocurrency ^{(about bitcoin or altcoins)} you can try to search for ticks on Google, there are already many answers that are definitely available, don't be lazy to find out and read.  always remember that it is not too late for beginners to invest in bitcoin.

It's not too late to learn about Bitcoin. Maximum people in the world still don't know about Bitcoin, with time they came to know about Bitcoin and started learning what Bitcoin is actually. So it's not too late for you, you're still ahead of most people to learn about Bitcoin. Any person can learn quickly about any subject if he is interested in researching, so you have to create interest in researching.
Community members have already given you links to important threads to learn about Bitcoin. So start reading those threads, so that you realize that you have not started learning too late.

Its never too late to learn, and even though you think that you already learn a lot there is still a lot that you need to learn, so don't be afraid to be late, because if there was no one in front of you that might be a bad thing since you might not do it because there was nothing to catch up, if you see most of the people are in front of you you will be motivated to learn and catch up with them. I mean its never too late, newbies this day will be the future of this forum, a lot of experienced members here or legendary members are already old at some point their accounts will not be active anymore, so newbies are needed here in the forum as well as in the cryptocurrency space.

What matters here is to start your journey already it doesnt really matter if you are late there is still plenty of opportunity to invest in Bitcoin, yes there are some lucky people who bought Bitcoin back in the day that is already successful and rich this day, but there are only a few people, if you started investing already you might be next one to make a good amount of profit.

All my friends are talking about cryptocurrencies, but I still can't wrap my head around it. What would you recommend for someone who has no previous experience? Do any of you have resources that you can recommend to me that will explain cryptocurrencies in the shortest and most simple way?
[/quote]
First, make yourself interested in gaining knowledge about trading. And know all about trading. Do detailed research on the profit and loss of trading market. To become a successful trader, make a proper trading plan and research the trading market, find a specific time to trade and trade at the right time. And trade by consulting a trading expert before trading. In this you can achieve success from trading. And in this you can become a successful trader.

No worries, you’ll eventually get there in the right time. For now, focus on the forum because that’s the best avenue I think where you can get maximum knowledge about bitcoin and the cryptocurrency market. Also, you can check some of reliable youtube videos about bitcoin, and scroll the internet for free. Do not be too serious but just enjoy your stay in the forum. You’ll have your own successful story with bitcoin in the end so just trust the process.

I believe the price of the market will stil keep increasing , to buy bitcoin with the current price is not bad  expecially if the buying Bitcoin will be  a long-term investment.  I believe Bitcoin still have a long way to go to get to the bull market.  The price  of bitcoin is still affordable for people to invest. It is still a good time to invest for those who are ready to hodl, but can be a bad one for those who just want make profit so quickly.  The  market is unpredictable,  it is better  to invest without having target of specific time to make profit.

After a long period of stable Bitcoin price between $24K and $25K, the market has finally moved up the market has crossed $31K. 
At the moment, the price of Bitcoin has been hovering between $30K and $31 for a few days. Right now it is not clear which direction the market may go. Generally, from such a situation, the market is as likely to go down as it is to go up. But at the moment the market is slightly more likely to move upwards. Given the current market conditions, this is also a good time to invest in Bitcoin. If you want to invest, you can invest in Bitcoin by observing the market for a few days.

Everyone will say - YES.

Have you ever read an article about explaining bitcoin and others? You can also find some threads in this forum about explaining it in even very simple some people have shared this article, just study it, I'm sure one day you will understand the concept.
Or you can ask your friend about crypto, maybe he will help you in guiding in his understanding, and here are two articles that you might be able to see.

[1] https://learnmeabitcoin.com/
[2] https://www.nerdwallet.com/article/investing/what-is-bitcoin

Many newcomers measure the price of bitcoin from present to 0. What I meant is, they measure it from $30k down to when it was worth $1. They will be like, I wish I met bitcoin at price $10, $100, $1000 etc.

Little did they know they were supposed to measure the present price with respect to the ATH. That is to say, if bitcoin is today at $30 and the ATH was $69k. This means they have the opportunity to make 100% gain and above.

Know that those who became experienced and skilled investors by now have started from scratch but they chose to educate theirselves and take the risk. And now everything has paid off. So it might also happen for you if you start to be fearless and start taking risk from investing because you will never achieve something big in your life if you stay hesitant and fearful all the time.

Now is the right time to invest as there’s no late from bitcoin investment. You can start to educate yourself and do your own diligence to study the forum before you decide to invest and risk some funds.

I think you are right. If you keep business or trading in mind, the result is that it never hurts to start both. All you have to do is make a decision, organize your steps with courage and dedication, push yourself to make the right decision, and just start it. But one thing you should take into account is that you should survey the market trends and make your risk assessment first; otherwise, you will face losses. Follow the expert’s opinions, align with our analysis pattern, and join different community forums to gain more knowledge.

That is true. However, with financial markets and trading, there are unlimited opportunities day in and day out. So as a newbie, the best thing you can do is to not get overwhelmed by an overload of information because there is an overload of information. Study at your own phase. Take risks in your own regard. Because the market will always be there trading higher and lower. You don't need to put a lot of pressure on your back. You might already miss a lot of opportunities, so you can't missed a lot more that is coming in the future. 

It's not due yet for an investment opportunity, what if you're chanced to decided on what to do today, make the choice to invest in bitcoin and hodl because we are still under the bear season and the market will soon begin to surge, while you're yet to make that decision to invest, you can start by learning, no knowledge is a waste, cryptocurrency is very broad and same also is bitcoin, but we can begin somewhere.


The forum here is more than enough in this regard

Maybe you should learn to be active and get used to the boards each, try to understand what the discussion is all about and make further inquiries on the internet on aspect you seems not to have understood well, make use of the forum's search button, post on beginners and help section, ask questions there and learn from the members reply on related threads you could find of much concerns to you and keep learning.

Patience and commitment is the mother of investment strategy, I do not think there is any need to be in a hurry to invest, there are lots of things to learn so that you won't be confuse, it actually takes time to comprehend Cryptocurrency stuff , so you have to be patient. Sometimes, reading articles online may look so confusing because of the terminology used, however as you continue interacting with bitcoins Information and continuously learning from this forum , can speed up your understanding about the Bitcoin of a thing.

After understanding of bitcoins comes Decentralized and centralized exchange, how to use them, how to secure your wallet and private keys, avoid scams . You will also learn how to convert and transfer bitcoins. This and many more you will get know in Patience and commitment. The profit is not the number one thing, the process is the first thing to consider.

It's another thing to invest, it is also another thing to know when to expect profit and how to balance your life activities around your investment to avoid high blood pressure.

The OP knows he has missed many opportunities to buy as low as the initial investors but of course if he expects that time to repeat then impossible is the answer. Of course he could buy now, but he shouldn't just buy with 100% of his budget. DCA can help him accumulate his assets at each correction low, that's much better than expecting prices to drop lower like the past.

If you ask me, of course the answer I will answer is: it's never too late to invest in Crypto.

You still have a lot of time and opportunity to do it, from some of the data that I have seen, the current crypto market has not surged as many people expect, meaning: you have many opportunities to start now, the point is: you have a target to plan to invest in a certain time, a lot of what we have seen at this time, now is the right time to invest, if they think for the next 1-2 years.

Investment is done on the basis of belief and will, if you are sure to do it and if you are not sure to back down, the investment is really born from a clear mind, without doubt.

Yes. never too late there is always a good time and opportunity to learn and enter the market. only the timing is different. For now, if you enter the market, it might be more profitable because the market is still very kind and the prices are very affordable. if you enter 2024, it could be that the market is already somewhere else and the price might have all gone up because BTC is predicted to go to such and such prices..

I also want to share my thoughts here and let you know who inspired me to learn about crypto blockchain technology.My roommate share a wonderful experiences with me and then i inspired from him and now you know the result and for this reason i am a member of this forum.You are going to listen the story with my friend's mouth now.  
"The incident happened recently with my friend and me. Me and my friend walk every afternoon. Walk every afternoon and sit at a tea shop to rest for a while. One day, seeing the shop closed, I walked some distance ahead and went to another small tea shop.I saw an old lady and boy in that shop, the boy was serving biscuits and other things.I asked the boy's name and age and found out he was just 12.I was discussing cryptocurrency and trading with my friend and asking that boy bring coffee and bread for us.During the discussion I suddenly noticed that the boy was standing behind us and was listening to us with interest. When I asked the boy is the coffee was done or not he said "Sir it will be done in two minutes" I ordered him again two coffees for us fast.After two minutes the boy brought the coffee and surprisingly he brought coffee decorations with the image of Bitcoin. Me and my friend looked at the coffee for some time in wonder.Seeing me looking at the coffee for a while, my friend asked the boy how he did it. Me and my friend were more surprised when the boy said that "Sir I know what Bitcoin is and I save some of my profits from this store to invest in Bitcoin and for my future so that I can make the shop bigger and built a new coffee shop. we ware really surprised to hear the guy and tipped him extra and left the Tea shop for the day."
This is really a wonderful story which happened with my roommate and his friend.Everyone should take inspiration from this real experience.

Well, for the sake of artificial humility we could accept you saying that everyone here is more experienced than you're but in the real sense it's not that way. You could still be more experienced and logical than some high ranked members who aren't asking this same question for fear of being thought inexperienced.

I ain't sure there's any other time that will be better than now. This is putting into consideration the fact that next year is Bitcoin halving year and the expectation is that a bull rally will be imminent. Already, we feel that surge coming on even before 2024. Buy now and stop dilly-dallying on it. However, make sure it's the amount you won't miss you're putting into such investment.