BRH LVL 0.3 - Advice for Beginners

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If you bought & sold BTC from a regulated exchange, is the tax authority of your country aware of your purchases & therefore capital gain ?

Yes

Where should your Bitcoin be stored

On a custodial services with a legal contract of ownership. It is too complicated to store BTC securely yourself.

On a wallet which you control the private key.

On the exchange you bought them.

In your bank account

Which of the following should be done before investing ? (Select all that apply)

Educate yourself about the market you wish to invest in

Decide of a maximum amount of $ you are OK to lose.

Ask your friends for advice

Write down on paper an investment plan.

Try to follow the new and what stocks / Crypto is hot.

What element should be avoided as a beginner’s investor ? (Select all that apply)

FOMO

Dollar cost average

Leverage

Create a budget allocation plan

Trusting an influencer

FUD

Should you reuse the same Bitcoin address ?

You've tried to send bitcoin but used the wrong address, who should you contact to fix this?

The person who received it

The bitcoin miner who mined the block which includes your transaction.

Your banker

No one, your Bitcoins are lost forever.

Should an investor watch the price move on a daily basis? Why ?

What market is the most volatile ?

Bitcoin

US stock market

The Bond markets

Gold

What does FOMO stand for?

Explain what is the difference between gambler, trader & investors.

Why is leveraging a trade or an investment dangerous ?

Why should you keep a low profile regarding your Bitcoin holding ?

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