practical experience in Bitcoin investment.

jr. member

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Quote from: ? on Today at 08:08:56 AM

for example when you buy, send, receive, or trade Bitcoin, you experience how the blockchain operates and witness concepts like transaction confirmations, fees, and wallet management, Bitcoin is highly volatile in nature and engaging in actual investments helps you understand price fluctuations, market sentiment, trading patterns and how dip in Bitcoin can help you accumulate more with less price.

You've made some really good points OP but when next you're relating trading with Bitcoin you need to be specific on whether it's P2P trading that involves buying and selling or the trading that requires on to speculate about the price movement of the market, P2P trading is cool especially when the persons holding is due for profit taking, maybe they could just sell some portions via P2P on exchanges.

But the trading that involves market speculation is not something cool with Bitcoin and people shouldn't involve it with Bitcoin cause the risk is very high, one can speculate the market with other coins but not with Bitcoin cause it's very valuable and shouldn't be losed easily, Bitcoin is precious, it's scarce and should be held for longer time instead of trading with it.

BIT-BENDER

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Actually practically experience is not the best way to learn about Bitcoin investments. Take for instant as an adult one of your responsibilities for those younger one close to you is give them some of your experience especially on things that may hurt them so that they can learn. There are so many experiences of people out there about Bitcoin and how they have been able to either avoid mistakes or made mistakes, you should do lots of research, learn from other mistakes so you don't learn the hard way(experience). Don't rush into Bitcoin investments take your time and even if you can't completely avoid mistakes this way would help you limit it.

Bitcoin Smith

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We use fiat everyday and do you think people understood the actual fiat system?

No, we can only get familiar with the process but we can only learn deep like technical information about blockchain, what's the purpose of nodes, and how the miners sustain with increased mining difficulty and a lot more can be learned only if we start researching about particular thing from different sources. I agree everyone starts from scratch but everyone has different purpose for using Bitcoin.

moneystery

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Quote from: ? on Today at 08:08:56 AM

.... Bitcoin is highly volatile in nature and engaging in actual investments helps you understand price fluctuations, market sentiment, trading patterns ....

what you said in this paragraph is basically a trading mindset, not an investment. if you want to get involved in bitcoin investment you need to understand the risks, and set which investment method is right for you (_{DCA is better for newbie}), and then learn to manage an emergency fund, and set your investment goals in the long term. these are the important points in bitcoin investment that people need to understand. related to trading patterns it is not necessary to learn when you want to invest your money in bitcoin in the long term.

Cityhunter34

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Wheel of Whales 🐳

That is the real truth about it Op, Just like as they used to Said that practice makes perfect that is how it is in this Bitcoin investment. because as day goes that is how we are learning and gaining more experience, as a good investor that really wants to invest in Bitcoin halving patience is the most important thing in this Bitcoin investment. Because once you have patience and focus, it will going to help you gain the basic knowledge that is require for you to hold for future.

uneng

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Leading Crypto Sports Betting & Casino Platform

Quote from: ? on Today at 08:08:56 AM

No matter what you study about Bitcoin the only way you can gain better knowledge and be grounded in Bitcoin investment is by practical experience so start now.

It's true, nothing better than learning on practice! It allows a deeper contact with reality and a more immersive and efficient learnship method, which will attach knowledge to your memory much superiorly than reading books, articles or watching videos on the internet. I just recommend starting with low sums of money, so you mitigate risk of losses. Once you gain more experience and confidence dealing with Bitcoin, you can raise your budget destined to the investment.

It's important to make progress, slowly, but surely, accordingly to the knowledge acquired along the way. Also, to learn on practice is a good method for young people who have a lot of free time, so they spend it doing micro tasks on the internet, which will reward them some satoshis, so they can make their first transactions, getting used to Bitcoin's features and learning its basic characteristics.

?

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Here are some practical tips and experience to consider when investing in bitcoin.

setting a clear goals:
1, define your investment goals.
2, determine your investment horizon.
3, know your risk tolerance.

Consider the right investment strategy:
1, active trading,buy and sell your bitcoin frequently to take advantage of the short term price movement.
2, hoding your bitcoin for long term.
3, dollar-cost average,investing a fix amount of money at a regular interval.

bestcandy

jr. member

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Quote from: ? on Today at 08:08:56 AM

Bitcoin investment is a very good investment and there's a lot of ways in which one can gain knowledge about Bitcoin investment however practical experience is a powerful way to gain knowledge about Bitcoin investment because it provides hands-on learning about Bitcoin investment which goes beyond theoretical understanding, for example when you buy, send, receive, or trade Bitcoin, you experience how the blockchain operates and witness concepts like transaction confirmations, fees, and wallet management, Bitcoin is highly volatile in nature and engaging in actual investments helps you understand price fluctuations, market sentiment, trading patterns and how dip in Bitcoin can help you accumulate more with less price.
Lastly engaging in the practical experience reveals how emotional factors like fear and greed influence investment decisions helping you develop discipline, patience and consistency towards Bitcoin investment.

No matter what you study about Bitcoin the only way you can gain better knowledge and be grounded in Bitcoin investment is by practical experience so start now.

Future potential and profitability of Bitcoin has made it one of the most lucrative investment that doesn't give stress to invest. All you need is your fund and ability to hold your Bitcoin asset for long term to enable you make more profit when the price will rise in the future.
Although there is need to learn more about the processes involve in Bitcoin but the best way to learn is by investing and and consustently learning from the system on daily basis to gain more experience.

?

Activity: -

Merit: -

Bitcoin investment is a very good investment and there's a lot of ways in which one can gain knowledge about Bitcoin investment however practical experience is a powerful way to gain knowledge about Bitcoin investment because it provides hands-on learning about Bitcoin investment which goes beyond theoretical understanding, for example when you buy, send, receive, or trade Bitcoin, you experience how the blockchain operates and witness concepts like transaction confirmations, fees, and wallet management, Bitcoin is highly volatile in nature and engaging in actual investments helps you understand price fluctuations, market sentiment, trading patterns and how dip in Bitcoin can help you accumulate more with less price.
Lastly engaging in the practical experience reveals how emotional factors like fear and greed influence investment decisions helping you develop discipline, patience and consistency towards Bitcoin investment.

No matter what you study about Bitcoin the only way you can gain better knowledge and be grounded in Bitcoin investment is by practical experience so start now.

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