THINGS I WISH I KNEW
Here is another important decision that I wished I’d known when I was a complete beginner in cryptocurrencies. Many crypto traders wish they knew to experiment with bitcoin and crypto before going all-in.
To cool off your brain, I want to remind you of what experiment really means:
It is a procedure carried out under controlled conditions in order to discover an unknown effect.
I’ll bet my private keys that you already knew of that! But it’s still good to be reminded. (Besides, I don’t really joke with my private keys.)
Experiment with Bitcoin and Crypto
As the definition has it, experimenting is an act of carrying out a procedure under controlled conditions. You don’t have to go all-in all at once. You have to make it step by step, then learn or discover the unknown obstacles.
We often say: Life is all about taking risks, but remember, the risk meant in this statement is calculated risk. Not some weird kind of risk like jumping off the cliff or gambling all your savings.
Always feel free to experiment. Take calculated risks by experimenting and taking note of the things you learned. Like the speed during transactions, the charges, what the project is all about, and what you are expecting from it. It could be to hold it for some time, trade, or use it to for transactions. Whatever it is, experts are urging us to experiment first.
Did You Know?
The first cryptocurrency and by far the most popular cryptocurrency, Bitcoin, is still an experimental project. Bitcoin.org
Bitcoin is an experimental new currency that is in active development since 2009. Each improvement makes Bitcoin more appealing. It also reveals new challenges as Bitcoin adoption grows. During these growing pains you might encounter increased fees, slower confirmations, or even more severe issues.
Trust me, whatever reason you have to get involved, if it sounds convincing to you, then it’s good enough. No one should be telling you otherwise. Just be careful. Read, learn, and practice.
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