Invest less in Cryptocurrency or not??

[bayu7adi]

Believe me, that the rich people in this world are not far from the word investment ... it is true, some new people do not have good vision about the potential of the investment they make, but at least rather than not trying once in a lifetime, it is better for you to try it even with a small amount ... when you feel the benefits and know the potential and opportunities, it will attract you until you are happy to learn about investment and the importance of investment for your life ... my advice is, try ... because rich people do that too..

Even if you do not have much money to invest, then at least you can take small steps to start investing, such as learning about it or spending a little money for that purpose to try it..

[Baofeng]

Yeah we know no exchange are safe but the most reputable exchanges reduces the risk of bridging and they are much more secure than some other exchanges which are not much known in the cryptocurrency world. The reputable exchanges will ensure your assets are in good condition to avoid any implications against them or there teams so it less risky than some normal exchanges so take note and store or trade your assets with most popular exchanges.

Not all exchange are secure for holding or saving cryptocurrency assets, we faced bad experienced with top exchange market such as FTX have been collapse and not refund yet the user fund.

Everyone is not secure, maybe there are exchanges that hasn't been breached, but it doesn't mean that they are secure. Maybe the hackers hasn't find a exploit yet on those exchanges.

Usually if any exchange want to close operation will give time around several months later for user withdrawing their fund before permanently close like Hotbit exchange.
Have many exchange have been close permanently and investing in cryptocurrency need to put our assets at secure place, don't hold at not good reputation exchange market exactly for every one have priority as long term holder.

Just put a little on exchange for trading that's it. Don't keep like thousands of dollars as we really don't know what's going to happen. They can be hacked or suddenly pull a exit scam or just collapsed. There are so many factors to weigh-in and it's really a good practice to have our assets on a wallet that we have total control of.

[LogitechMouse]

Believe me, that the rich people in this world are not far from the word investment ... it is true, some new people do not have good vision about the potential of the investment they make, but at least rather than not trying once in a lifetime, it is better for you to try it even with a small amount ... when you feel the benefits and know the potential and opportunities, it will attract you until you are happy to learn about investment and the importance of investment for your life ... my advice is, try ... because rich people do that too..

Even if you do not have much money to invest, then at least you can take small steps to start investing, such as learning about it or spending a little money for that purpose to try it..

People that aren't investing on anything don't have any chances of becoming rich. That's a fact.

You already said that rich people are always investing, and that's true. From investing in real estate, to business, to the stock market and other asset classes out there. Rich people are investing so they can make more money. Average people invest into things that things that will not make them money that's why they stay average. Poor people spend on things that they don't need that's why they remain poor.

Whatever the case is, whether you have low or high income, always, always put a portion of your salary towards investing into whatever type of investment you know and you're knowledgeable about it. Investing small amounts of money is always better than not investing at all.

[Z-tight]

Even if you do not have much money to invest, then at least you can take small steps to start investing, such as learning about it or spending a little money for that purpose to try it..

Dca is a good strategy for people who do not have money and cannot buy a large amount of coins at once, they can buy small bits at different intervals. However, diversification is also important in investment, i.e. after buying BTC, you can buy real estate, or you buy silver, etc.

[Dr.Bitcoin_Strange]

Dca is a good strategy for people who do not have money and cannot buy a large amount of coins at once, they can buy small bits at different intervals. However, diversification is also important in investment, i.e. after buying BTC, you can buy real estate, or you buy silver, etc.

Inasmuch as I believe that diversification is a commendable option, I also have reasons to doubt that it’s in fact an option for a newbie investor who have just began his Bitcoin accumulation journey (either with the DCA of any other Strategy that aligns with his personal financial goals). This is because, Bitcoin accumulation is a long term journey that requires significant amount of attention and dedication, thus thinking about diversification in the early stages of their accumulation may serve as a distraction, especially for those who do not earn very much. At this point, their portfolio isn’t very solid yet, thus still requires the investor’s 100% attention to grow and solidify.
And when their portfolio may have attained a significant growth rate or level in the long term, then they may think about diversification.

[Z-tight]

This is because, Bitcoin accumulation is a long term journey that requires significant amount of attention and dedication,

I understand a little of what you are saying, but 'attention' and 'dedication'? Just to buy and store BTC, i do not think so, it is easy to buy and hold BTC, it is not rocket science or any of that stuff. It is always important to talk to people about diversification, even if they are just starting out their journey in buying assets.

[JoyMarsha]

When we start a new startup, we don't know much about it, so we feel a bit reluctant to invest.  But if we want to invest how to do it??

Investing nothing but your spare money. Don't think of investing more than you can afford to lose all because someone told you that you can earn a lot from crypto investment. When you have such a mentality, you may end up being disappointed because you weren't informed about the market requiring someone to be patient enough than have a get-rich scheme kinda mindset of being rich in the short term instead of long term

[vegasus]

People that aren't investing on anything don't have any chances of becoming rich. That's a fact.

You already said that rich people are always investing, and that's true. From investing in real estate, to business, to the stock market and other asset classes out there. Rich people are investing so they can make more money. Average people invest into things that things that will not make them money that's why they stay average. Poor people spend on things that they don't need that's why they remain poor.

Because from that investment, they also get passive income, apart from the various businesses or businesses that they run. Rich people like investment, very much, investment in property, in gold, in stocks. and now, there are those who have started to dare to start investing in Bitcoin, although this is not easy, but there are those who are starting to be interested and take advantage of the profit opportunities in Bitcoin. Because that's how important investment is, and this is actually what everyone can emulate, this mindset, the mindset to save more money for the future, by investing it.

[Dr.Bitcoin_Strange]

I understand a little of what you are saying, but 'attention' and 'dedication'? Just to buy and store BTC, i do not think so, it is easy to buy and hold BTC, it is not rocket science or any of that stuff. It is always important to talk to people about diversification, even if they are just starting out their journey in buying assets.

Trust me when I tell you that HODLing may sometimes seem like rocket science. Yes buying and storing Bitcoin is very easy, and so is selling off your assets when you see a downturn in the market, or do you believe that long term HODLing is just about buying and holding? Or you think the persistence and ability to overlook temporary fluctuations in the market is something that just naturally comes to a newbie when they start their accumulation journey? There are several obstacles when you start HODLing as a newbie and if you’re not focused, you end up making a terrible mistake that could make your funds vanish is seconds or make you lose a large chunk of your portfolio, then you’ll know that it’s rocket science mate.

[Bobcrypto]

Even if you do not have much money to invest, then at least you can take small steps to start investing, such as learning about it or spending a little money for that purpose to try it..

Dca is a good strategy for people who do not have money and cannot buy a large amount of coins at once, they can buy small bits at different intervals. However, diversification is also important in investment, i.e. after buying BTC, you can buy real estate, or you buy silver, etc.

Yes, it is a very good idea to start investing gradually. The journey of a mile starts with just one step. Some times what we want to start with, that is, some of us capital is very small but we can start with that small amounts and watch it grow.

You see, Rome was not built in day, as they say, so the earlier will begin with the little we have, the better our return in the future.
In addition, adding to our portfolio with other forms of investments options, Like commodity, Real estate, etc is also a brilliant ideas.

[Nheer]

There are several obstacles when you start HODLing as a newbie and if you’re not focused, you end up making a terrible mistake that could make your funds vanish is seconds or make you lose a large chunk of your portfolio, then you’ll know that it’s rocket science mate.

Lol Lack of knowledge and experience will lead to this. Many newbies who are always in rush for profit always end up this way and also many investors which lack patience and knowledge about what he/she is investing in. A lot of new investors do make this mistakes before taking the rightful part cause they always rush and try to move things fast with perfect knowledge or seeking help fe experienced and long term successful investors. Things could just rockets science, lol as Dr.Bitcoin_ strange said.

[Stuart]

When we start a new startup, we don't know much about it, so we feel a bit reluctant to invest.  But if we want to invest how to do it??

Investing in crypto currency can be simple but challenging. As a newbie, you must first take out time to read on some major things; like educating yourself primarily on cryptocurrency first, then moving into storage system (wallets), exchanges etc. Having gotten some of these basic knowledge, you can start seeking on which coin to invest in.

The crypto market is a volatile market filled with lots of currencies that can make you millionaire over night or cripple your investment swiftly. It is being advised that when investing in any crypto currency, Bitcoin is a major coin in the crypto market, that has potentials of generating profit, while going into alternative coins (altcoins) you take your choice from the very top tier. This is because they have stand the test of time and are worthy of acceptation for investors.

At the conclusion of taking the investment step, all new investors are always being told to invest that which they can afford to lose, in other not to face some financial trauma and emotional breakdown. Being on the safe side for a newbie is better, with time you'll get used to the entire system and how the industry works.

[debra]

When we start a new startup, we don't know much about it, so we feel a bit reluctant to invest.  But if we want to invest how to do it??

Investing in crypto currency can be simple but challenging. As a newbie, you must first take out time to read on some major things; like educating yourself primarily on cryptocurrency first, then moving into storage system (wallets), exchanges etc. Having gotten some of these basic knowledge, you can start seeking on which coin to invest in. /

exactly, investing in cryptocurrency is challenging. That's why we often hear that investing in cryptocurrency will always have risks. and how high or bad the risk is depends on how we prepare ourselves to invest in the coin we choose, as well as several other determining factors.

Because however, there are several things that we have to consider before investing, both in terms of capital, preparation of knowledge and insight, ability to analyze coins or markets, as well as our ability to be able to choose coins that are suitable for us to invest in and have high potential to rise in the future. And all of this also requires preparation from ourselves, including mental and strategic readiness. and don't forget to prepare yourself with good risk management to minimize existing risks.

And yes, investment security is also very important. That's why we must be able to choose what wallet or exchange we use when investing. It's not about the number of coins but what coins are really worth it and have the potential for us to invest. and of course the top coin is our hope.

[Dr.Bitcoin_Strange]

Lol Lack of knowledge and experience will lead to this. Many newbies who are always in rush for profit always end up this way and also many investors which lack patience and knowledge about what he/she is investing in. A lot of new investors do make this mistakes before taking the rightful part cause they always rush and try to move things fast with perfect knowledge or seeking help fe experienced and long term successful investors. Things could just rockets science, lol as Dr.Bitcoin_ strange said.

Well, looking at it from a different angle, it’s really not a big deal for newbies to make certain mistakes in the crypto space, since they’re are still relatively new to the space, and that’s why newbies must prioritize seeking after knowledge about the field, because that’s the only way they can at least guard themselves from constantly making such mistakes in the space. Equipping themselves with the right knowledge helps investors make better investment choices that’ll also help them protect their assets.

[lepbagong]

Lol Lack of knowledge and experience will lead to this. Many newbies who are always in rush for profit always end up this way and also many investors which lack patience and knowledge about what he/she is investing in. A lot of new investors do make this mistakes before taking the rightful part cause they always rush and try to move things fast with perfect knowledge or seeking help fe experienced and long term successful investors. Things could just rockets science, lol as Dr.Bitcoin_ strange said.

Well, looking at it from a different angle, it’s really not a big deal for newbies to make certain mistakes in the crypto space, since they’re are still relatively new to the space, and that’s why newbies must prioritize seeking after knowledge about the field, because that’s the only way they can at least guard themselves from constantly making such mistakes in the space. Equipping themselves with the right knowledge helps investors make better investment choices that’ll also help them protect their assets.

In my opinion, it is better to try directly by trying with the smallest amount and if there is a mistake that occurs, we can find out why we were wrong and not do it for the umpteenth time with the next attempt. But to want to learn first, so that you can know the basics is also, very good if you want to start, it all depends on the individual's readiness for which one to use because I think all of them are equally good.
Indeed, if you make mistakes continuously, it is certainly not good for yourself because it can make you frustrated.