Every form of investment is risky; you just have to do your research and know how to reduce the risk while you chase profit. Bitcoin has been proven to be one of the safest when it comes to trusting your money with it for the long term, but there is nothing bad about someone also doing their research and diverting some of their funds into other digital assets that can yield them profit.
The rules are: don't be too greedy; invest what you can afford; don't expect a high ROI in a short period of time; if you want to harvest with a large profit, be ready to hold your coin for decades.
Topic: This is for Newbie's to cryptocurrency and Bitcointalk - page 4. (Read 742 times)
legendary
Activity: 2478
Merit: 4341
eXch.cx - Automatic crypto Swap Exchange.
Now back to the purpose of this thread, as a newbie to Bitcointalk and cryptocurrency, you have to build yourself in terms of abilities and resilience in every aspect of the way, the two enemies of your journey are the quest to get quick profits and free money and this pushes you into gambling with your money instead accumulating Bitcoin.
Newbies have to decide if they're going to be successful or become a failure that they won't take proper advantage of the opportunity that the industry has to become wealthy. Quick money scheme aren't the best way to make money and they come in various methods but they have the same promises of making you rich with in a short duration but that isn't what investing should be all about.
Quick money are attribute of gambling and you shouldn't be gambling when you say you want to become an investors. The scams and quick money scheme aren't hidden, they're right there if we choose to see them because people just decide not to act like they see them but they're everywhere. Stay away from them will do you more good because they don't have good ending but filled with bad ending. Take it easy and keep accumulating Bitcoin and you too will get your payday.
back to the purpose of this thread, as a newbie to Bitcointalk and cryptocurrency, you have to build yourself in terms of abilities and resilience in every aspect of the way, the two enemies of your journey are the quest to get quick profits and free money and this pushes you into gambling with your money instead accumulating Bitcoin.
And when people say "gambling with your money" doesn't only mean casino and sports betting. When you're out there putting money into every shitcoin you come across hoping that it will give you 100x profit, that's gambling. When you're investing in memecoins and hoping that one will turn you into a millionaire, that's gambling. It's gambling because you just have a feeling it will pump and most times if you look at the indicators that make you believe it will pump you'll understand that it's just gambling in a different form.
People may argue that there are people who have made millions out of memes, but I can also argue that there are people who have millions out of casino gambling and sports betting.
You can go into memes if you want, as long as you treat it like what it actually is; gambling. Set ut a certain percentage of your income for it ad dot go above the percentage or else you might wreck yourself in the pursuit of happiness.
Not just the newbies alone, it's a basic idea that every investor should have in mind.
Bitcoin is not a quick rich scheme, anyone who begins the journey needs to activate other sources of income and not depend on the profits to be generated from the investment.
No one should conclude Bitcoin as a high risk investment except when dealing with other cryptocurrencies in the market. Those who prefer trading should also consider risk tolerance when doing their activities unlike the holders who should worry less about those changes, the purpose there is to purchase and hold for the long run until when it is due for profits.
Bitcoin is not a quick rich scheme, anyone who begins the journey needs to activate other sources of income and not depend on the profits to be generated from the investment.
No one should conclude Bitcoin as a high risk investment except when dealing with other cryptocurrencies in the market. Those who prefer trading should also consider risk tolerance when doing their activities unlike the holders who should worry less about those changes, the purpose there is to purchase and hold for the long run until when it is due for profits.
Avoid these two things and you will be fine
: Quick money scheme
: High-risk investments
Just a friendly head guys.
Many believe in luck and has gamble more than they can afford to lost, thereby ending in a terrible mess that may have cost them a lot to get out from.
High-risk investments and Quick money scheme are often interesting to many who are either greedy or newbie on that aspect and that's why we can see hear of people falling for ponzi scheme, cloud mining and every others. We should be wise, if it is too good to be true then it is a scam especially this Christmas period.
First of all, I like to welcome everyone and wish you a Merry Christmas 🎄.
Now back to the purpose of this thread, as a newbie to Bitcointalk and cryptocurrency, you have to build yourself in terms of abilities and resilience in every aspect of the way, the two enemies of your journey are the quest to get quick profits and free money and this pushes you into gambling with your money instead accumulating Bitcoin.
Avoid these two things and you will be fine
: Quick money scheme
: High-risk investments
Just a friendly head guys.
Now back to the purpose of this thread, as a newbie to Bitcointalk and cryptocurrency, you have to build yourself in terms of abilities and resilience in every aspect of the way, the two enemies of your journey are the quest to get quick profits and free money and this pushes you into gambling with your money instead accumulating Bitcoin.
Avoid these two things and you will be fine
: Quick money scheme
: High-risk investments
Just a friendly head guys.
Jump to: