Early Bitcoin Adopter Offers Precious Advice For Crypto Traders

Following seven years of watching the crypto market, and early Bitcoin adopter mentioned by the Daily Hodl has important advice for his followers.

WhalePanda is the host of Magical Crypto Friends – this is a monthly podcast on YouTube.

After Bitcoin managed to complete its third halving successfully, WhalePanda told his followers on Twitter, and the king coin is about to enter the next phase.

He says that this path is flooded in risk, and people who want to get rich fast will not be successful because they lack the understanding of the fundamentals of trading and the volatile nature of Bitcoin.

Is it too late to buy Bitcoin?

“With the start of the 4th Bitcoin epoch we’ll soon see another big influx of new people into this space. Here are some of my thoughts and observations after 7 years in this space,” he posted.

He also addressed whether it’s too late to buy BTC or not: “Is it too late to buy Bitcoin? No, also: you don’t have to buy a full Bitcoin. Don’t invest money you can’t afford to lose or might need soon. This is a risky investment. Even if you decide to buy Bitcoin now, in a couple of years people will tell you that you just got lucky.”

Trading and exchanges

He tells people what they need to know about the trading of crypto as well:

He addresses the subject involving crypto exchanges as well:

We strongly recommend that you check out the complete thread on Twitter because it’s filled with precious info for new traders.


Coins Mentioned

BTC

Bitcoin

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Andreas Townsend Author

I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.

1742 Articles

Top Exchanges
Icon
CEX.IO

3

Website

Icon
Coinbase

2

Website

Icon
Binance

1

Website

Top Casinos
Icon
7bitcasino

4.20

Website

Icon
BitStarz

4.93

Website

Icon
FortuneJack

4.55

Website

Top Sportsbook
Icon
1xBit

4.03

Website

Icon
Nitrogen Sports

4.73

Website

Icon
SportBet.io

4.60

Website

Trending news