That reminds me about how I learn (by trial and error) to succesfully invest in different projects. I use a little gimmick, and I tell people that in order to start investing, they need to be comfortable financially. So, I ask, how much you pay bills per month? If they say £1000, I tell them to save 6 months worth of bills on a separate saving accounts, and once they got this, they can start investing. Funny enough, I did have 2-3 people coming and showing me that they managed to save that amount. And I did teach them how to start. By reading 2-3 big books about accounting and finances. And then practice.
As for crypto (you want me to teach you 10 years of crypto activity in one day?) a similar request is needed (like invest a minimum amount in both BTC and ETH every month (a 50-100 into each) as you learn as much as you can about both of them and get used with the value going up and down. This will make you interested into finding more. There are errors in the process (I just bought 100$ of TRUMP to see what happens...). :)
This is the truth. If one is comfortable financially then they won't dwell on the losses they'll incur as they go. Funny enough these losses or little disappointments here and there might seem like a lot, but it's actually the experience gained that's the gem we acquire as we go.
This is really good. The theory or static knowledge they gain from reading eventually comes in handy, especially with people who do not even have any knowledge before they start learning knowledge they'll user later.
This is classic DCA example and it's very powerful during the bear market or when prices in the market are down. I recently just realized the power of compounding, and I hope to put this into practice as soon as possible.
It might just go up and down in the short run because it's a meme coin. However it's not just a meme coin, it's a presidential meme coin, so I think it might blow up in Q3 or 4.
Thanks for the wonderful comment
You are welcome.