Questions like this has popped out in several occasions and arguments concerning Bitcoin investment. My friends will say you must lose before you gain or rather have more experience investing in Bitcoin. If its how it work, Bitcoin isn't for a low income earner as well as not gonna make you rich when you can't invest something tangible to it. On the other hand people are been made big and wealthy in same program. What does it in tell, cos am quite sure people had already known what's going to happen in the market in the nearest future to give them the strong mindset to invest porously. My biggest fear is losing my hard earn to something as volatile, vulnerable and uncertain as btc. What's the possibility you invest without losing. Is it guaranteed in this kinda market?
That's a really valid concern. The whole "lose before you gain" idea in Bitcoin isn't a set rule, but it's true that many investors face losses before they see gains, especially if they're new to the game. It's partly about getting a feel for the market's ups and downs and learning from those experiences.
For someone on a tight budget, the volatility of Bitcoin can indeed be daunting. It's not a guaranteed win, and it's definitely not a get-rich-quick scheme. The crypto market is unpredictable, and while some people have made significant gains, others have faced losses.
Investing in Bitcoin without losing isn't guaranteed. The best approach, especially for a low-income earner, is to only invest what you can afford to lose. It's also wise to start small, learn as much as you can, and maybe even practice with some simulations before putting real money in.
Remember, Bitcoin investment is just one option. There are other ways to save and invest that might be more suited to your financial situation and risk tolerance. It's all about finding what works for you and your financial goals.