Invest only the amount you understand!
Do not invest 100% of your money and understand only 10% of Bitcoins
Do not invest 100% of your money and understand only 10% of Investing
Do not invest 100% of your money and understand only 10% of the future of Blockchain and Decentralized Technology
If you understand
100% of Bitcoins,
100% of Blockchain and Decentralized Technology,
100% of Trading and Investment
and you invested 100% of your capacity then whether the Market goes up or down you are confident of what you invested in for the long-term.
Please do not invest 100% of your capacity if you only understand 10% of Bitcoins and everything about it.
Invest 100% if you know 100%
Invest 50% if you know 50%
and invest only 5% of your capacity if you only know 5%.
If you invest more than you understand then you'll be one of those people who whine and cry on social media when the crypto market goes down.
Bitcoin now is on a continuous ascent for the last 3 weeks preventing its price decline from its bottom of 6,500.
As of this writing, Bitcoin is now in the 9k levels and has made a very strong rally for the past 3 weeks from its 2 month low of 6500.
Please resist that urge of getting greedy again and getting yourself in trouble by over-investing beyond your level of capacity to overcome adversity in holding investments for the long-term.
Believe me, it will not shoot up to 100k overnight. It will still be a long-term process of up and down, up and down, up and down and more up and down through weeks, months and years.
The only way you'll be able to hold that investment no matter how difficult and depressing the market is, and that is to make sure you "INVEST ONLY THE AMOUNT YOU UNDERSTAND."
If you are a beginner and you want to understand a few fundamentals of Bitcoin, blockchain and decentralized technology please check out these articles below.
WTF are Bitcoins (for absolute beginners who have no clue)
https://steemit.com/…/what-the-eff-are-bitcoins-for-absolut…
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Disclaimer:
This is for educational and reading purposes only and should not be taken as an investment advice. This is not a financial advice and I am no financial advisor. Consult your own financial advisor or do your own due diligence before making any forms of Bitcoin or cypto investment.
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