Stop Fearing Bitcoin, Those Who do not Understand Will go On Speaking ill of Him

This is what I did not to fear Bitcoin's volatility

I started hearing about Bitcoin in 2014, through Euronews, because of the value of the currency that was rising uncontrollably. At the time, the value was about $500 ahead, in the same year due to the intensification of terrorist attacks in Europe and the East, Bitcoin grew to $5,000. Then I stopped watching TV and didn't even realize what I was missing at the time.

In December 2017, my brother called me to a meeting at his home in the capital and started talking about Bitcoin, Ethereum, and Ripple, which at the time were making me talk among the investors. The value of Bitcoin had already reached $19k for the first time in the history of money. It was from there that I started to have my first impressions of Bitcoin.

After the meeting, my brother gave me some basic concepts about what such virtual currencies were and how to trade them. It was the first time I got some $14 free in crypto coins. My brother showed me how to create a wallet from Spectrocoin, sent $14 and at the same time, we invested the $14 buying Exacoions, currencies that no longer exist today, because the project was abolished by the creators.

These were the only basic things I learned. I didn't take any courses, I didn't have a mentorship about crypto. I simply launched myself on the web, reading articles, and watching many videos on Youtube. And today I'm an investor in crypt coins and I don't regret it and I don't have a drop of fear.

"Today I want to put an end to the fear that many put in the heads of those who want to start messing with Bitcoin or any other digital currency".

2020 is being a big year for me. This year I became a more focused investor and diversified my investment portfolios into more than three brokerage houses. And the result is being extraordinary.

How to start messing with Bitcoin?

Most people today do not know how to advise people who wish to become crypto investors. They terrorize their lives saying that the coins are very volatile, you will lose if you compare, it's no use because it will only make you lose money.

I'll tell you this: "stop asking advice to those who don't understand the area you intend to dive into". Bitcoin is not a seven-headed bug and it's not that bad. Is the volatile? Yes, he is very volatile. But he is just like any other kind of asset in the stock market.

Yesterday for instance Apple stocks had a valuation of 3.11%, my Apple stock in the portfolio valued up to 12.59%. Until a week ago, the assets were low and the balance of my stocks had a low of -1.62%. This is also a risk. For instance, Pfizer stocks, until now my portfolio is down -11.68%. If Pfizer stocks were Bitcoins, the septics would say: we warn you, Bitcoin is too bad, you buy it devalues and you lose.

This is what you beginner should know and do

First prepare a capital that you will not need for personal needs like home, school, work, or debt. Money to invest should always be money without life plans, something that if lost will not break any gap in your personal economy.

Start messing with Bitcoin. Read a lot of material about how it works in the form of an asset. Watch practical videos of how to transact Bitcoin or another kind of virtual currency, for example. Create a virtual wallet to store Bitcoins. I recommend Blockchain, Uphold, and eToro. Why do I recommend these portfolios? They are the portfolios where the transactions are not bureaucratized in absurd values. For example Blockchain and Uphold, you can move at least $5 in crypto. Some other portfolios like Coinbase or Binance are great and safe, but they are platforms with high fees.

Study the charts, understand the trend of the charts, this is perhaps the most important point for those who want to become a crypto investor. Because through the charts, you can understand whether the value will go up or down. Experts say that it is very difficult to interpret graphics. Even Warren Buffett has admitted that. I don't run away from the rule either, because I see the charts as if I were seeing the horizon of the skies in the distance. I can't see the end of them, but I can understand whether there will be a clear or cloudy sky. That's more or less how you can identify the price volatility through the charts.

By mastering the charts and their trends, you dominate your investment portfolio. Fear does damage, because if you hear out there that asset X will depreciate and you sell and then go up and keep going up, then you go out buying with a high value. That's when you start to lose.

"An investor is a calm person, like a king taking a glass of wine sitting in his garden, listening to the sound of birds. Nothing around him bothers him, so he can concentrate on market trends and get a good advantage".

Bitcoin works exactly like the shares of that company you ended up buying. They were devalued and now they are valued and you made a profit and sold or closed the position and won your profit.

Before comparing any asset, always analyze what the powerful investors and specialists are talking about covers this asset. What companies are buying. How they are acting. Then you can buy it too. Before comparing the asset, always calculate the valuation percentages. In case it goes up until 3%, I will close the buying position or I will sell the asset. That way you are safer with yourself.

I'm one of the beginner investors who fear nothing. I am investing in the stock market every month. Every penny I earn here at Medium, I invest in one of my brokers spread around the world. After all, I don't depend on Medium or freelance services to survive.

I don't have many years of experience with the stock market, but I am already teaching investment courses and all my students are taking due care and success with their portfolios.

Latest considerations.

My advice to you is that it is never too late to start. Today you can google yourself looking for investment subjects in crypto, or you can even buy a course and study it in your secret place and learn everything.

Stop fearing Bitcoin because it can help you in several aspects.