RE: Why Bitcoin is Perfect for Most First-Time Investors

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Why Bitcoin is Perfect for Most First-Time Investors

in bitcoin •  7 years ago  (edited)

Crypto markets give you a lot of get-out-jail-for-free cards. More than you would get with stocks. You can come close to completely blowing up your account and one big lifeline win will completely erase the consequences of those terrible trades. This puts you back in the game quickly and you learn from the mistake faster. It can, however, be a bad thing as you don't feel the pain of something dumb you did for very long, which can be healthy process to go through as this sobering humility can prepare you to be less reckless with your next trade. This may not be the case for long, though. That 10xer will start to become a unicorn and a lot more rare going forward as the market becomes less volatile.

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