It's a potential pitfall to a noob's journey. Exposing yourself to the price volatility without any knowledge of the asset is like waking up under the deck of a ship in a storm while thinking you're in a building on land.
Discussion
I like how you said ‘potential’. My thoughts on that differ a bit: You don’t learn to swim by dipping your toes in.
I mean yeah, I learned to swim in Bitcoin by going all in and learning through the pain. Some people are well equipped to deal with that. But I think most people are not.
If I had to pick a safe strategy for an anonymous person, it would be to learn and stack only as much as your understanding allows. There's a wide space between zero and all-in that you can exploit. And you can save yourself some major pain and possible blow-ups.
You’re completely right. That’s what I did as well ergo I can now breath under water. Agree with learn AND stack… I don’t think the former can be done fully without the latter.
Agreed. No one’s gonna take the time to learn unless they have some skin in the game.
I also ageee with @WiseHODL point about investing more and more as your progress with it.
1%, 2%, 5%.
Mine was more like 2%, 50%, etc 🤣. Probably not the most conservative route but once you see it you can’t unsee it.