Questions to answer before venturing into crypto

[tequilla_sunset]

You could easily find different tools and literature that would help you answer that. It's not that hard to find. You could also use AI to point you to the right direction, making sure that you validate it. I don't think you need to post a topic just for this because it's readily available on the internet.

Well, I think a topic that could generate a more interesting and beneficial discussion compared to AI feedback. I'm not saying we can provide more accurate information, but I want to focus on the right attitude we should have when participating in this market.

Before learning about BTC, investors should answer a few other questions for themselves:
+ Why should I invest in crypto?
+ What are the risks of the crypto market?
+ How much money am I willing to lose?
+ How long am I willing to hold?
+ Where can I find guidance and help?

I think these things are more important than the nature of BTC itself. Because in the end, investors just want to make a profit, not just show their love for BTC ^^

Agreed. Broader questions would bring more awareness overall, because, surely, even if BTC is the easiest pick to achieve your goals (given enough time), there are still questions that would be left.

[Promocodeudo]

Why do you need to worry your head with all of those unnecessary questions, and forget to ask the most important and valuable questions such as the best wallet to store the crypto assets that give you strong security and control over your assets?


Since Bitcoin for example is already a well-established coin in the cryptocurrency space, trying to know the factors that drives its market may lead you into more confusion there for it is better to just keep up with the fundamental propellers of the market.

I think this questions aren't call for, as newbie in the crypto space (Bitcoin) the first thing you should consider is the basic knowledge on how to invest in Bitcoin instead of asking some question that aren't very much important, I think at the preliminary stage the concentration of everyone is to build a good bulky portfolio in Bitcoin asset every other question or thing can be learnt when you're already dip into the system.
Bitcoin has gone too wide for us to ask some questions about it but as for other cryptocurrency I wouldn't know about them but as for Bitcoin everyone is good to go anytime any day.

[bitterguy28]

You could easily find different tools and literature that would help you answer that. It's not that hard to find. You could also use AI to point you to the right direction, making sure that you validate it. I don't think you need to post a topic just for this because it's readily available on the internet.

Well, I think a topic that could generate a more interesting and beneficial discussion compared to AI feedback. I'm not saying we can provide more accurate information, but I want to focus on the right attitude we should have when participating in this market.

Before learning about BTC, investors should answer a few other questions for themselves:
+ Why should I invest in crypto?
+ What are the risks of the crypto market?
+ How much money am I willing to lose?
+ How long am I willing to hold?
+ Where can I find guidance and help?

I think these things are more important than the nature of BTC itself. Because in the end, investors just want to make a profit, not just show their love for BTC ^^

Agreed. Broader questions would bring more awareness overall, because, surely, even if BTC is the easiest pick to achieve your goals (given enough time), there are still questions that would be left.

it’s important to ask yourself questions because investments are supposed to be personalized you can’t simply just copy off of someone else’s investment plan and expect it to work because they might have bigger capital and you may not have so their goal and timeframe could be a lot different than yours

by asking yourself these questions you are also essentially making a plan of how to approach the whole investing process and knowing the answers to these questions could make you feel a lot less lost and more confident in every decision you make

[JoyMarsha]

If it is about bitcoin knowledge, there are so much for you to learn because that's not for you to finish in a day or say that you are okay with the knowledge you have grabbed so far, so no need of learning more. That kind of situation doesn't happen because in a day, you are learning one or two things to the things you have already known.

No knowledge in Bitcoin is enough. Have that in mind. The question you are asking now, are not the important questions you need answers to, as a newbie. What you need to learn about is the basic knowledge of Bitcoin and how to safeguard your Bitcoin from scammers since they are becoming many in the crypto space with methods on how to scam people.

[sampoerna]

Being curious about Bitcoin and seeking such understanding is indeed very necessary, because this is included in the basic knowledge for Bitcoin. At least, we must first understand many things about Bitcoin.

Maybe you can get a complete answer here:
https://www.investopedia.com/ask/answers/100314/why-do-bitcoins-have-value.asp
https://www.investopedia.com/tech/what-determines-value-1-bitcoin/

Some of the answers here are very easy to understand.
Bitcoin value is influenced by its users, supply, and demand.

[Azharul]

Obviously, learn from crypto currency market is very essential for earn best profit. So if we follow in cryptocurrency market carefully and trying to understand in cryptocurrency market properly. If we follow in bitcoin price we can see that volatile in bitcoin is always remain in cryptocurrency market. So if we want to earn huge profit from this situation, we should understand clearly in cryptocurrency market. Because without knowledge in cryptocurrency market we cannot earn best profit from here.