Newbies in the Bitcoin investment biz should be well aware that getting that desired level of profits is a process and might very well require patience
Without patience, one cannot make a profit from any investment. Bitcoin's case is peculiar because it will take some years before one might start making a profit. And within this year there is a lot of negative news which can generate FUD. Only the patient would be able to keep hodling even when everything is pushing you to sell.
Also have in mind that it takes continuous work.
It's like owning a plant or pet, just like every other business, it requires attention
So in this case research need to be made constantly as the results of these researches would shape our decisions
Good research would often always produce good decisions which in turn gives good results
Moving on, also have in mind that it is safer not to dive in on your own
You don't need to know the technical aspects of Bitcoin before investing in it. However, it is important to keep learning and relearning about the Bitcoin space because there are always discoveries and inventions. This forum is an ideal platform to gain relevant information.
Get a coach or mentor or whatever you want to call it
Get someone experienced, someone whose experience can be seen in how much success he has had in the biz
Do you really need a coach or mentor when all you need can be accessed in this forum and on the internet? Another challenge is that most of these so-called crypto experts might not be reliable. However, you could identify and learn from anyone who has a good reputation.
You can identify some of the in and outside the forum. I am recommending Andreas M. Antonopoulos if you want to gain information about Bitcoin outside the forum.
This would reduce the risk of rash and rushed decisions based of ignorance and inexperience
Another is self control
In holding Bitcoin it is not easy to turn a blind eye when you see people selling and making gains
Self control makes you optimistic to the expectation of the price increasing
Though I would say your coach or mentor should recommend on how you hold
It is good to have an investment plan and follow it judiciously regardless of the pressure from the media and other anti-Bitcoin forces. Every investor has their plan, therefore follow your own and don't be influenced by other people's decisions.
