What advice could you give someone who wants to engage in bitcoins and cryptocurrency but has no broad knowledge about them?
Bitcoins and cryptocurrency: do you encourage or discourage them?
- Thread starter klassicdoll
- Start date
- Joined
- Oct 1, 2023
- Messages
- 5,014
- Reaction score
- 494
- Trophy Points
- 34
- D Bucks
- 💵13.016525
- Referral Credit
- 0
The first advice is for him to learn about the world of crypto, both types of crypto, market cap, volume and also to study fundamental, technical and market sentiment analysis, study risks, and measure the risk profile of his wallet, crypto exchange, etc. After that, as an introduction, he should buy blue chip crypto.
If you want to make money, just invest in bitcoin and wait, but it won't be soon, but the probability of profit will be high. And for a quick profit, you need to learn various investment strategies, as well as possible trading
I am an advocate of cryptocurrencies and I actively use them to conduct several transactions. I also encourage others too to use cryptocurrency.
I encourage people to invest in crypto as it is a sure investment when done right. But I don't encourage anyone to do trading of crypto because it is too risky.
