An essential guide on science of bitcoin investment

                                          An essential guide on science of bitcoin investment

Introduction

 

In order to run businesses like chemist shop or restaurant, we need capital. This capital can be used in order to support expenses of these businesses and also to support these businesses during the time of crisis like Corona.

 

When you own resources which are more than what you need for today, that extra resource is capital. If intelligently managed, the capital can produce compounded returns with time and take a momentum of its own.

 

Your capital can be build by investing in bitcoins. Bitcoin is a store of wealth to spend in future adjusted for inflation.

 

Anybody who has been in the field of bitcoin investment long enough would recognize the name Tanya Agarwal. Tanya Agarwal is the business entrepreneur and investor. She has restaurant business currently in Bangkok, Thailand.

 

               I have been following Tanya ever since I started to think about writing blogpost on bitcoin investment and I am in resonation with not just Tanya’s approach to bitcoin investment but also in terms of running a restaurant business in Bangkok.

Her expertise in bitcoin investment has made me to grab opportunity to get connected with Tanya and ask her for a quick interview.

She being the nice quickly accepted and we discussed about the bitcoin investment as mentioned in the title of this blogpost.

This is very informative blogpost on bitcoin investment.

Sidharth: What is Bitcoin?

Tanya: Bitcoin is the world's largest cryptocurrency by market capitalization. Unlike fiat currency, Bitcoin is created, distributed, traded, and stored using a decentralized ledger system known as a blockchain.

Sidharth: Which factor determines loss in Bitcoin?

Tanya: I know that the lack of knowledge in bitcoin investment is the main factor in loss in bitcoin investment.

Sidharth: Is it necessary to have patience while investing in Bitcoin?

Tanya: Whoever have patience they are making good profits in this.

Sidharth: Which one is better international platform or Indian platform?

Tanya: I'm doing online platform but I'm not using Indian platform I'm using international platform which is very good for me

Sidharth: What amount of profit do you make from Bitcoins?

Tanya: I can make 10 to 15% profit in each trade normally I do bitcoin investment in week two or three times where I can make good profits from there

Sidharth: Any quotes on Bitcoin investment?

Tanya: 1. The only difference between luck and hard work is that, luck stops one day and hard work does not take the name of stopping.

2. Confidence and hard work is the best medicine to kill the disease called failure. This makes you a successful person.

1.      3.The more your money works for you, the less you have to work for the money. So invest it right.

2.      4.Investing in yourself is the best investment you can make. Not only will it make your life better, but it will make the lives of everyone around you better as well.

3.      5.Opportunities are often hidden behind hard work, which is why many people don't recognize them.

 

Conclusion

 

Though bitcoin investment seems to be profitable, yet we have to keep in mind few things(do’s and don’ts) while investing in bitcoins as we have to save and grow our money for our future needs and save ourselves from crisis conditions like Corona and recession. Our saved money will be helpful in our bad times and make survive our financial freedom.

 

1. Start small

 

When you do bitcoin investment, start small before increasing your portfolio level and increase level gradually on increase in your confidence.

 

The beginning of every great achievement comes from a small dream.

 

Once you come to know about the market and its volatility you'll have a good command on which level of investment you can do comfortably. This means you can only put your money which you can afford to lose, as the market is highly volatile and prone to significant swings.

 

While volatility is advantageous for big investors who flock to the bitcoin, this volatility can also be Himalayan blunder for people who invest too much.

 

      2.Ensure that you know the risk before you get into bitcoin investment.

 

1.      3.You should control your emotions like fear and greed in order to avoid bad trades and falling prey to scams. Stick to a proper trading plan which you make whatever the situation in the market is. Those who have faith in themselves, then even fear gets scared of them.

2.      4.You can follow established trading strategies which you will find on the internet. Read trading tips and learn from the mistakes of other traders. As you get experience in bitcoin investment, you will be able to create your own strategy. The secret of life is not only to enjoy but to learn through experience.

3.     5. Choose a crypto trading platform on which you can rely before you transfer any funds for trading. Go online and learn about legitimacy of crypto trading platforms. You can find discussions on online forums such as Reddit or qoura. 

4.      6.You should have realistic expectations as huge profits can’t be earned overnight and you should be prepared about the possibility that the valuation may go down. Success does not come in a day, but if you are determined, you will get it one day.

5.      7.You should not fall prey to fake news as these news cause traders to act irrationally leading to bad decisions and losses. You should check the authenticity of the news in the firstly. If a man wants to learn something, then each of his mistakes teaches something.

References

1.      1.Tanya Agarwal

2.      2.The eight do’s and don’ts of cryptocurrency investingSPONSORED

SPONSORED CONTENT BY EASYCRYPTO

3.      3.The-dos-and-don-ts-for-crypto-trading