Bitcoin Forum

I am not suppose to say this here but i want forum members to advice and tell me on how I can go with my bitcoin journey as a newbie and become successful in it without losing my bitcoin. My Dad is late and he left us a building which I and my siblings inherited. I rented my own apartment because I stay in a more civilized area. Whenever my tenant pays me my rent, I just keep the money in the bank and sometimes it stays there for more than six months in my account because I have a job that takes care of my responsibilities. This year when I joined this forum, after reading through topics and comments from forum users on bitcoin investment, I said to myself that it will be wise if i give bitcoin investment a trial and see how it will feel like holding a bitcoin.

Last week Monday, I recieved my rent, but guess what I was scared of investing it on bitcoin because I was having so many thoughts in my head telling me to invest and not to invest. I continued with my forum activities and kept on reading, at a point, I got to realize that what will I gain, if I have the knowledge of bitcoin and I don't invest in it to have the experience on using bitcoin and to also have the experience of holding in long term, so that i can talk about bitcoin from experience. This means that it is important for me to buy bitcoin to acquire more knowledge,and this will be an advantage for me  to buy bitcoin now that the price is dip, before it pumps back. Yesterday, I used 60% of the money my tenant paid me to buy bitcoin and I was relieved and happy. I have also created an electrum wallet which I have transfered my coins into, the reason why I chose electrum wallet because it is noncustodial with RBF and Ligthening Network features, which can allow you to double spend,incase the network is congested and your transaction fee is low,since sometimes bitcoin blockchain used to be congested with dust transactions.

I intend to hold by bitcoin for long, because I just started my bitcoin journey and, I know that it isn't going to be an easy one for a newbie like me. I will use 10% of my income to DCA every month, because I also noticed that fiat currency is depreciating due to inflation and that it is better that I save in bitcoin than to keep it in fiat. The moment my bitcoin reaches $1000, I will look on how to transfer my coins to a cold storage wallet for safety. I couldn't keep this to myself and I said let me bring this to the forum for advise from experienced members on precautions I need to take for me to achieve my bitcoin goal target.

If you haven't invested in bitcoin yet, you should try and do so, if you have the resources so that you can feel the vibes that am feeling right now.

Let's discuss.

Don't post the amount of BTC you bought here and the details of your transaction, keep those details to yourself as it should be private, i suggest you delete that image.
Having knowledge of BTC without investing isn't a waste, you don't have to 'invest' to gain experience about BTC, so many people invest in BTC by buying it and holding it on exchanges, and some even invest through etf's without owning the keys to their funds, these kind of people have no experience or knowledge, but they are BTC investors. You can test all the features you want to without investing, so also can you spend BTC without investing, you can do all of these to improve your knowledge until you are ready to convert some or a great portion of your fiat money into BTC.

No knowledge is a waste. If you have the knowledge about bitcoins but do not yet have the money to buy bitcoins, it is still not a waste. If you cannot buy bitcoins today, you will be able to buy tomorrow, what is required is patience and planning. When you have knowledge about bitcoins, you will be able to properly keep your investment in it safe when you finally have the money to invest in it. The knowledge you have gathered even before you were able to get your bitcoins will be important in safeguarding what you have gotten.

Knowledge is never a waste, you could turn your knowledge to your advantage by teaching other people about Bitcoin, by referring them to exchanges or services where Bitcoin is used and earn your share of Btc on their traffic, you could open a blog or a youtube channel or stuff like that and in some way make some sats from it.
Knowledge is power, expecially if you know how to take advantage of it.

PS: and yes....as Z-tight already suggested you would better not show off to the world your crypto holdings

Your openness to life's challenges shows that you're willing to learn. Starting Bitcoin with a clear brain and goals is smart. I like that! Diversify your savings and consider Bitcoin a long-term investment to avoid fiat cash's depreciation.

You chose the appropriate wallet - Electrum's features will help you when the Bitcoin network is crowded. As you understand Bitcoin, prioritise security. When coins are worth more, utilise a hardware wallet or cold storage. Regular backups, software updates, and fraud awareness help protect your assets.

You are constantly learning and teaching. Keep searching around, and don't be hesitant to approach experienced Bitcoin lovers like us in the group for guidance. We're all in this together!

Yes, there are many people who do not have money to buy bitcoins. There may be teenagers or students who learn about bitcoin and they know that they will buy bitcoin once they start to earn money. So this logic that if you do not have Bitcoin, there is no need to know about it, is totally wrong.

Think that you are in a gathering and people/friends are discussing about Bitcoin, You can still participate in the discussion only if you have knowledge about Bitcoin (owing Bitcoin is not compulsory in this case).

Many people do not have knowledge about bitcoin but they then buy bitcoin and do not know how to safeguard the private keys and all other stuff. If they had prior knowledge it would be beneficial for them

It seems you know about Bitcoin Wallets that support RBF and other features. But I see you have used a centralized exchange to buy Bitcoin. I hope you did not keep it there and withdraw it to your non-custodial wallet, as it's safer to have your own key to your bitcoin. I don't know which wallet are you going to use, but I suggest to use electrum as it's available for both Desktop and Mobile.

Edit: Oh sorry, I missed the part you said you already transferred your Bitcoin to your Electrum wallet. All good then.

Now, back to the original point of this thread. Indeed, sometimes you cannot get the proper knowledge without using Bitcoin. Learning by reading only and Learn by practicing things has a big difference. But it's not true that having knowledge is a waste. You can help others with your knowledge. It's not a waste at all.

Without being able to verify what the OP says, at least this story rings true, unlike others in this section that are revealed to be patently false with you doing minimal analysis. Which means that either it is true or the OP has gone to great lengths to make it sound credible.

To the OP I would recommend that Bitcoin investment be encompassed within an overall wealth building plan. He seems to be on the right track, he has a job and rental income and is going to use 10% for DCA. Very good.

Think, OP, about having a 3-6 month emergency contingency spending fund, in fiat currency, not bitcoin. It doesn't matter if it devalues, it's like insurance, it's a price to pay for your peace of mind.

You could diversify more, but if you have cash-flowing RE and bitcoin as assets, I think you are doing well.

Sorry for the misconception in my topic initialyy, I have read your comments and have come to understand that, it was because I have the knowledge of bitcoin made me to believe in it. No knowledge is waste because if it can't be used now, it can be used in the nearest future. I have edited my topic.

Do you know if I really care about my privacy currently, wake up because we are in a centralized world and in most things that we are given access to by the government or institutions, we put down our names and that alone is enough to track down anyone. I just bought some few satoshis and I don't think that anybody will know my identity or where I stay with the confirmation of my order here in my country. Scammers are out targeting whales and Cex, with big casinos so that when they hit it, they hit it big...BOOM

You have already started a new BTC journey by buying them, keeping them in Electrum. And in the process you must have experienced new things which you might not have known before by just learnings. Point is, we all have to start from somewhere. I am also holding my savings in BTC but believe me, you should only hold that amount in BTC about which you are sure that you are not going to need it plus you should save extra bucks in fiat too.

I am saying that because, someone in my relatives wanted to borrow some money, who lend me some money back in time, but unfortunately, my savings are all in BTC and currently due to dip in the market I am at lose. So, If I withdrew the funds to lend him some money then I have to book the lose which I don't want to. So, for now, I have to ask another person in my zone who can lend him money. The point is, either you are in emergency situation or not, just save funds for emergency  situations. So that, you could use those funds.

You asked what you can do to become a successful BTC holders, that you have to bear lesser Loss. The only advice I have for you is, make a profit expectation before investing in BTC, and also make a time period expectations for holding that amount because if any of the both have not in your mind then you can fall greedy and could sell at lower profits or market could take you to the path where you might have to bear lose too.

I think he is not literally telling that Bitcoin knowledge is a waste according to his content. He is just telling that having a knowledge to Bitcoin will never be completed if you don’t invest on it and experience firsthand what you are studying.

He is pertaining to those who knew Bitcoin but never involved on investment. I understand it since having knowledge on something while you don’t use it even if you knew how good is it was such a waste.

Man invested for the first time and took the same screenshot with all his details just to prove that he had Bitcoin Knowledge. Here you are buddy, you proved that you don't need to hold Bitcoin in your wallet to have knowledge of that. What a way to answer your own question in the same post. Is anyone wondering what's wrong here? Never post your transaction details on any social media platform. Whoever knows social phishing can try to get access to his account.

That is your business anyway, so go ahead and doxx yourself as much as you can then :P.
This is true only when you are using fiat, with BTC you don't need the goverment to give you access or permission to use it, because it is permissionless, that is why it is recommeded to use BTC is a fully decentralized way.

This is what happens when someone is well-informed about an investment. Most of the steps OP took were correct due to his research about bitcoin.  It is nice to know that you using your savings to invest and your plans to adopt the DCA strategy are also valid. You also chose the right wallet but you have to be careful when using the internet with your phones that contain your wallet. Good luck with your investment plans.

That's not totally true mate. Yeah, the world is centralized but any true believer of Bitcoin is aiming to live in a decentralized world. Don't also think that scammers only target the rich, anybody can be a victim. It looks like you are not concerned about your privacy, well it is your choice. I hope you will not publicize the seed phrase of your wallet one day because it contains just a few sats 8)

Some people just have the mindset investing bitcoin is the most important to do first without having the knowledge. without knowledge every investment can end up without no achievement,  I wonder why op will see knowledge as a waste because of no investment at the moment.  It is better to get knowledge first,   be well prepared and wait for the opportunity to get funds for investment than having funds and rushing to invest with no better knowledge.  In bitcoin knowledge comes first, it is the most important thing that shouldn't be look down,  people needs  to seek and be inquisitive for knowledge the way they get serious urge to make money through investment.

I like your knowledge of understanding that you shouldn't save too much in bitcoin but saving enough as you believe in it long-term, as well as you're dollar cost averaging which is very wise.  However you don't have to invest in something to know how it truly works, I have to strongly disagree with you on that statement.  In fact everyone should know exactly how something works or what it is fully before ever investing in it.

Having knowledge about Bitcoin is really a fun thing because it is something that can have a good impact on change, which is important to master at least for yourself which is related to the financial system and Bitcoin is a system that has many advantages.

Bitcoin is basically an electronic payment network that makes transactions easy for anyone. As time goes by and development, Bitcoin is used as an investment asset because of its price and value.
Investing in Bitcoin is not a necessity, but investing in Bitcoin can become a good habit for investors who have never done it because by investing in Bitcoin you will get something different from other investments.

All the knowledge about Bitcoin that users already have will be wasted if they still store it in the wrong place without holding the key. Especially for those who have Bitcoin and want to invest long term.

Bitcoin investing does not require any additional knowledge even if you have very little knowledge you can invest in Bitcoin because it is a profitable business that you can learn later but slowly. You need to have a long-term plan where you plan what type of investment, you want to invest and how many years you want to invest, or else if withdraw your funds before the specified time, your money you may lose some money and if you plan long-term,  then there is no chance of your money getting hurt, Because so far no one who has invested in bitcoins faced loss if its long term, but if short term plan then definitely get knowledge about bitcoin first, and then later investment,

I think the most important thing here is your plan. If your plan is long-term and good then you can definitely make a good profit from this.

Buying Bitcoin gives you a wonderful feeling that I think you can not feel from something else. Well, congratulations on starting your Bitcoin journey and I hope you will stay in this for a long time period.

I think a person should have to invest only if he has some extra money, and you prove it by buying Bitcoin on a rental apartment, Most people borrow the money from somewhere and then invest it in Bitcoin as it is highly volatile if the price goes up then he will return the fund to that person and keep the profits but what if the market goes down, He will return the double of that money. And if you have knowledge and have no money then don't be sad be the next day you will have and you will buy Bitcoin but buying Bitcoin without any knowledge is dangerous for you. Also, even a newbie you have a treasure of knowledge about Bitcoin, and I personally appreciate it It will definitely one day give higher profits.

You didn't have to go as far as posting a screenshot of your transactions. I know you did it from a place of goodwill but then you don't need  validation from a bunch of strangers here.

You have the knowledge and that is just a tip. It is a whole ecosystem that you can keep digging into for years to come. Build slowly. Some people are fine having the knowledge of Bitcoin eventually they'll invest but what's most important is that they have the knowledge already.

Knowledge is important otherwise you would not start investing in bitcoin.
I think you now understand enough to start and grow a long-term portfolio of course using the DCA strategy, do what you can and make sure you never regret it even if you have to wait a long time because basically investing in Bitcoin is not instant.

In fact, I always think about every step, especially when it comes to emergency funds. This is important when other needs arise. Emergency funds can be used right away, while Bitcoin, which is the main investment goal, for example, will not be disturbed or sold in the middle of the road.

Actually, I don't like the post (you and the photo displayed) this opens up your privacy - of course that is your right.

People really need to stop embarrassing themselves because they want to reply to a post, sorry if I sound harsh about it, because I couldn't see any vital information on that screenshot, why are you making it look like it's not safe?

There is no real name on that screenshot.
There is no bank account details, no such thing as home addresses either, so what are you seeing that I am not?

Even if he bought 1 BTC how can you verify that it belongs to a John Doe? Anyone can take such screenshots and pretend it belongs to them, also OPs user name is Ruttoshi, that's no real name, it's impossible to know who he is or she is maybe, lets stop addressing such screenshot like it's a big issue, because it's not.

Wow you're realy taking your first steps into the world of crypto. Cute. First of all, good job on finally selling your old stuff and getting Bitcoin. A lot of people talk a big game but do nothing. You did act, so good job. DCA is a good approach, especially for people like you who are just starting out. Fiat is already failing, right?

Yes, you should follow through with the cold storage plan, but don't stop there. Multi-signature and maybe even backups in different places are things you should think about. You do plan to hold for a long time, after all. Though, be sure you know exactly how to use the cold storage. If you make one mistake, you'll lose all of your valuable Bitcoins. I'd say keep engaging in the forum, read up, practice with small amounts, and then maybe you'll avoid the classic pitfalls. ::) ::)

That's a good idea to buy some btc for long-term hodl. There is one important thing in btc investments (and in all other investments too): not to invest all the "excess" money you earn. So, I think, if rent is not the main income source, it's a good decision to invest about a half of it into crypto. Long-term hodling can surely bring some profit...

Putting knowledge into practice is the next step after gaining it, according to the Golden Rule. And the OP actually did that. The fact that OP put into practice everything she had heard and studied about bitcoin through this forum concerning the upcoming halving season made her delighted about bitcoin investment.

OP your utilization of 60% of your tenant payment savings made to you plus the fact that you have a job impressed me about your bitcoin investment. That indicates that you are investing in bitcoin for the long term and not prepared to sell some of it off for personal reasons, which is something I have observed a lot of newbies do since they put all of their money into bitcoin in the hopes of making quick profits.

You'll somehow improve your knowledge if do it in actuality. But we don't have to think that it is a waste if not and never force ourselves to invest for that sake if we don't have money.

But as we can see, most of the people who turn their heads toward Bitcoin and are eager to learn from it are preparing to invest in Bitcoin. And what you did is a great idea indeed but the success of investing in Bitcoin is not just we buy them, we also need to learn how to control our emotions and stick to our goals.

I agree, it is true there are some people out here that spend all their time reading and not taking action, and in that case it could be said those people are not really obtaining all what they could from the things that interest them, however if the reason a person is not taking action is because they do not think they are ready yet or they lack the resources to do so at the moment, then this is not a waste, as once they are ready they will take action and change their lives in the process.

If you want to not lose your Bitcoin and the amount you invested in it you must learn the following things.

1.  Know how to secure your wallet, it is important to know this kind of thing to avoid being infected by malware and got hacked.
2.  Have patience you need this a lot because it will take a long time to have a good profit from the Bitcoin market.
3.  Set a target selling price.  You will never realize your profit if you do not sell
4.  Don't be a weak hand.  Do not panic sell when the price of Bitcoin dumps.  Bitcoin is capable of price recovery.

I find it amusing that OP covered the fiat amount but neglected to cover up the amount of bitcoins he bought. Like OP said in his reply to Z-tight, he doesn’t care about his privacy at this point. His major concern is to accumulate bitcoins and hodl. Your strategy is a good one and you will achieve your goals for sure if you are consistent.
Electrum is a very good choice of bitcoin wallet, if you eventually decide to diversify and buy altcoins you should use a wallet like unstoppable wallet. 

You are indeed learning, even though you bought bitcoins from a centralized exchange, you still moved the coins to a non custodial wallet. I believe with time you will also come to appreciate maintaining one’s privacy.

It just feels different if you have invested on Bitcoin especially if you have a knowledge in it. It's just like you draw something and you make it colored.

And also what I have noticed is that his fiat amount is not totally anonymous because the crypto amount is visible. I learned a lesson from it, especially in crypto, if you think you make your funds secured but you didn't notice that there's one more thing you forgot to make it totally secured, that's why we always double check and don't be too confident.

Practical comprehension certainly gives you a more in-depth understanding and knowledge of Bitcoin. So yeah, just try around any services, applications, and tools relating to Bitcoin. As of now, trying out a non-custodial wallet is surely a good choice, later, you might want to try to run your own node or something like that which goes more technical.


Worth noting that bitcoin network congestion is not mainly caused by dust transactions. There are, which some people say, useless things being used within the network, like Ordinals and such. In some cases, it also happens when an exchange is consolidating a small Bitcoin transaction.

Congratulations for reaching this milestone! I guess you're doing good so far. Now that you have your coins, you can be more confident about sharing your Bitcoin knowledge because you have experienced it yourself. It's hard to share knowledge and give pieces of advice to others if you have yet to try it yourself.

Anyway, the Electrum wallet doesn't "allow you to double spend." LOL! I guess you're referring to its RBF feature. That's simply replacing a low-fee version of a transaction that is yet to be confirmed with a higher fee, but you cannot do this to a transaction that is already confirmed. Double-spending can't be done with Bitcoin.

A piece of knowledge is never wasted if you apply it well. And if you have good knowledge about bitcoin then definitely you can invest here it will be good for you. But if you waste knowledge to invest in Bitcoin and if you don't have money to invest in Bitcoin then it is never a waste of knowledge but it will be an increase of knowledge. If you can't buy bitcoins now then of course there is more time for you when you have enough money to buy and hold bitcoins. But you must be patient so you don't need to waste your knowledge but move on to good work with the knowledge you have acquired. And before you start investing in bitcoins you will definitely need the most knowledge because you will never be able to do anything successfully because this is the most important thing for you.

Be glad and stay cheerful for yourself as you have overcome a poor risk appetite. Some people haven't have started their bitcoin journey even though they already have enough knowledge about it, simply because they are afraid bitcoin may have reached its peak as if it has no more capabilities of breaking the last ATH. This has been the most common reason for those who have yet to put a single fraction of bitcoin into their wallet, some of them even thought 10k was already expensive and thought they're already late in 2017. Same thing happened when bitcoin reached the $1k milestone prior to that year.
Now, you need to hold on into it especially that you are capable financially and never sell at a lower price than the highest price you have bought it when you DCA. It could be stressful to watch bitcoin price in a daily basis, but you'll get used to it and it's totally normal to feel worried when bitcoin takes a huge dive and feel excited when it's starts recovering.

OP is not trying to prove that he is investing and knowledgeable about bitcoin, he is also saying that he is newbie and needs advice from people on the forum. Perhaps he did not foresee the risks of publicly disclosing his assets and details of his bitcoin transactions. But others also gave him advice, you don't need to feel uncomfortable with what a newbie does. I bet when you were a newbie you made even more mistakes than the OP. No one can become talented immediately, everyone needs to go through many challenges and lessons to become an experienced investor.

Of course, no knowledge is wasted because the most important thing is knowledge which must be prioritized, because if our already have the money to buy BTC, if our already have the knowledge, of course investing in BTC will run smoothly. but there are times when we will also be able to gain knowledge from experience but what is clear, knowledge is very important and experience is also very important, I think the investment you make in BTC is something good and wise, especially now that the price of BTC can still be said to be not too high. .

From sharing the OP, I can sense a number of problems, from capital management, or lack of knowledge leading to skepticism and fear about what I am watching. With the mistakes I have made, lack of knowledge is the most basic mistake, followed by lack of experience with it, so in addition to accumulating, you also need to research the things yourself tend to hold it. I think if you go through periods of losses and earn back profits in your investment, you will have a mature view of bitcoin, and the journey to success also requires remembering determination and not giving up first failures appear.

I partly agree with the title because it's really different when you put hard-earned money into some thing, especially this Bitcoin. Your learning will be advanced,  you will be more severe about learning and when it comes to Bitcoin.
I also suggest like start with small amount first like an amount you are willing to lose because we all know how risky Bitcoin is and how the price of it fluctuate.

At least, I agree with the title of the thread. If you have started learning about investing in Bitcoin, you can start trying to invest in Bitcoin. You can start with whatever money you have. The important thing is that it is money that you can afford. And when you feel that Bitcoin benefits you, you can continue investing in Bitcoin and increase the amount of money. But still use the money you can afford.

Your plan to invest 10% of your income in Bitcoin is good. Yes, DCA every month will help you to collect more Bitcoins. You can still store your Bitcoins in the Electrum wallet. As long as you don't say where the Electrum wallet is and can secure the wallet, you will be safe and won't need to worry about hacking or else.

Now is still a good time to start investing in Bitcoin, especially for those who are new to Bitcoin. But as a suggestion, only use the money you can afford.

I also agree, but I would qualify that I would not call it purely 'investment'. I mean that for bitcoin knowledge to be complete, you also have to use it. It is not enough just to buy a certain amount that you will sell at a certain time. You have to test how it works, send and receive transactions, look at the browsers to see how the mempool is, estimate the fee for the speed of confirmation you want, things like that. Apart from investing in bitcoin, using it to buy goods and/or services is a fundamental part of the knowledge.

Congratulations to those of you who already have bitcoin. Move bitcoin to your wallet because your determination to increase the number of bitcoin holdings is very large with income originating from your type of business.


I will not argue because how to use and secure a wallet is very important for me to continue learning before stepping into the world of trading and investment.
I wouldn't say many people neglect to know such things, but I feel there are still people who don't really care about knowledge about wallets including security and how to secure seed phrases properly and correctly.

I agree with your statement. Many people will say that knowledge is never wasted but in my opinion, if we cannot use or apply it then it is a waste. Investing in Bitcoin is the same, even if we have full knowledge about bitcoin but still do not invest in it, or still cannot take advantage of that knowledge to make a profit, that knowledge is a waste and futile. Knowledge is very important but it needs to be applied and used, not that we finish learning and do nothing with it.

By the way, as many people have said, you should delete photos or maybe hide important information, making such sensitive information public is not good for your safety.

When we buy BTC of course there is a different vibration and I also felt a different vibration when my first bought BTC, and indeed by investing in BTC of course we will have knowledge from the experience we feel and the mentality when we have BTC is different. . feelings, for example when BTC goes up and down. But of course, for those who don't have capital, it's certainly not in vain if they already have knowledge and knowledge about BTC, even though currently they can't buy BTC, because one day if they have capital they will be able to buy BTC. will definitely invest well and well and have the potential to generate large profits. big. great because he already knows the science.

OP I think the decision you made is the right decision at the right time. The position the Bitcoin market is in right now is a good one to invest in. Since you have a job, you can support your family and invest your monthly rent in instead of keeping  in the bank. Because I can say from the context of my country that investing in Bitcoin is much safer than keeping money in the bank in my country.

OP whatever you do to hold your investment be sure to keep the seed phrase of the electram wallet you used in a safe place where one can hack it. But since you don't have family problems and have unique ways to cover expenses, I'd say you'll hold on to your bitcoins for the long term. In the long run you will hold onto your bitcoins until the next halving occurs no matter how risky you are not selling your bitcoins. In this I can guarantee you will earn a lot of money from here. Which will be hundreds of times more than bank interest

I am certainly not going to repeat what the others have already said because that will just be wasting time now at this point. OP can read through all of them and take each advice with a grain of salt, based on OP's post he's a well-informed individual who can make decisions on their own. What I am going to repeat however is how foolish it is to post your transactions online. Please take the image down, you shouldn't be sharing it publicly, you can have other proofs that you have made transactions without posting any photos that can threaten your privacy (you don't even need to convince anyone about that, no one will care if you have proofs or not in cases like this).

If your goal is profit-seeking, the next piece of advice would be to sell when the price is higher and employ Dollar-Cost Averaging (DCA) when it trends downwards. There's no other rationale for profit-seekers to hold for an extended duration. When opportunities arise to reap gains, say 20% or 50%, do not squander those chances.

The funds you possess seem to be discretionary, unlikely to significantly disrupt your primary financial stability. Therefore, for the long term, you should have the fortitude to hold onto BTC. Never allow your emotions to panic when the price dips; such fluctuations are commonplace and something you should grow accustomed to.

Next, you can delve into the realms of privacy and security concerning Bitcoin storage to prevent any potential breaches.

no knowledge of bitcoin is wasted if you don't invest in bitcoin because actually you don't need to invest in bitcoin if you have knowledge about bitcoin. you can use this knowledge to provide education to other people and you can do all this online, whether from social media or other online platforms. bitcoin knowledge is still useful even when you don't invest in it.

it's just that it's much better to invest in bitcoin, even if only a little. at least you can understand what it's like to invest in bitcoin, but it's not forced, invest with money that you're ready to lose and if you're not ready then there's no need to invest.

I agree with your conclusion OP, that everyone that has bitcoin knowledge should be able to invest in it. This is because you have to put in practice what you are telling people about. I don't think that I can give out what I don't have. For example I have no bitcoin and I am teaching people on how to buy bitcoin, doesn't that look funny. Whatever you believe in and have the knowledge of it should be worth having, and there is a saying that you should lead by example. Whoever is a bitcoin lover without having bitcoin is only in love with the technology and not bitcoin. This is why i don't see reason why anyone that knows the potential of bitcoin wouldn't look for a means of buying or having a very small amount Satoshi. After all bitcoin can be bought with as low as $10 for a start. Those people that can't afford to buy bitcoin are not serious with investing, but only to procrastinate. OP, my advice is that you should be prepared to face the ups and downs in bitcoin market price and don't get panic, if the price of bitcoin goes below the amount that you bought. Hodli and regular DCA will help you to increase your bitcoin portfolio. Have an emergency funds down to cover up all needed expenses so that you don't go back and sell part of your bitcoin for some emergencies.

DCA is sound advice. Your suggestion to sell at a greater price may not work for everyone. What about Bitcoin's long-term believers? Selling may prevent future exponential profits.

For financial stability, one should only invest discretionary cash in Bitcoin, but the larger portfolio is also important. So where does Bitcoin fit? Is it speculative or a long-term investment like gold?

Emotional resilience is also important. Dont underestimate the crypto market. Beyond staying calm during price declines, its important not to become excited during price rises. In this volatile game, emotional extremes might ruin you.

And what is your goal in this market, aren't we all for profit?  OP has a stable income so I don't think the idea of short-term investing would be suitable for him, especially since he is still a newbie.  what guarantees that when bitcoin goes up 20% or 50% bitcoin will adjust so we have a chance to buy back?  If the market operates so simply, why do many people who trader or speculate short-term continuously lose money?  long-term holding is still a better choice for us instead of just looking at short-term profits and missing out on bigger opportunities.

Precisely. With the current trend these days, people who are highly knowledgeable with a certain project or investment can actually make it as an advantage for him and earn decent profits if the people will like and agree with his ideas, and subscribe to his channel after. So even if he won’t be investing at the moment, his knowledge will never go into waste as he can be a crypto influencer if he want, and promote bitcoin just how he understands it. If he’ll be giving genuine advices to his viewers, surely a lot will be tempted to buy and own bitcoin in the latter part.

Is your definition of "long-term" essentially holding onto it until you pass away? Meanwhile, we are unaware of when our demise might occur, which could happen at any moment. If indeed you are confident that the price of Bitcoin will continue to rise, you should be able to sell and enjoy the profits from Bitcoin, then reinvest at a reasonable price.

Selling Bitcoin might mean reinvesting it for other business purposes. Or, perhaps, with even more confidence, OP could consider expanding his/her property assets for further rentals.

Although I'm offering advice here, the responsible decision ultimately rests with OP, and we don't know if they will sell based on price increases or at specific time intervals. As long as they don't sell at a loss, that's a positive outcome.

And I believe that OP knows already of the outcome of making wrong decisions.
In fact, there is no failure in learning Bitcoin but when it comes to investment, that somewhat varies at all. Because not all who invest have deep knowledge about Bitcoin but still, they earn a profit and become successful with their plan. It tells us that it was not the knowledge that would bring us success but also, the way we manage it. You'll somehow lose money even if you have knowledge due to some factors, and one of them is our emotions.

There is this joy that comes with first experience,  I guess that excitement is what lead him to create this post. I also see him going extreme in this, maybe to avoid being accused of lies... unfortunately, he just demonstrated that he still need more knowledge to be able to protect himself and his investment.

I never saw anything wrong with the post in terms of privacy and security until I read this comment. Now it is obvious I also have some learning to do especially on this aspect of social phishing.

bitcoin knowledge is the acquisition of information, investing is a different thing and could be considered as actually applying what you have learned in the real world. Sure there are ways you can get around this, one could be demo accounts that emulate the market status and all that, but the self-gratification and glory that you would feel from actually earning money from your investments/learnings is inarguably indispensable, it beats any form of feeling in the world as a trader.

It took me a while to actually muster the courage and invest, I've been eyeing the market for a while way back in 2015, it took me a couple of months to actually buy bitcoins for myself/hold whatever bitcoins I have at hand.

Bitcoin knowledge is one of the capital for investing in Bitcoin. Owning or investing in Bitcoin is also not complete, because in investing there are still various processes that must be experienced. So that later you can get profits according to your target. In this case, even when investing, it is not certain that we will achieve our goals because there will be many things to go through, including various problems and obstacles that can affect our investment.

At least by having knowledge and continuing to update that knowledge, it can be a pretty good provision for our understanding. So that we will be wiser and smarter in everything we decide. Don't panic or rush into deciding something, especially regarding money and investment.

We learn or acquire knowledge about Bitcoin for some reason and one is to invest soon when have money. Indeed, it was an application of what we've learned. While Bitcoin gains popularity, it also attracts people to know more about this stuff and then start to buy. I can say not really have to invest after knowing Bitcoin but I think we just see it without doing anything knowing that we already have knowledge about this. Not totally a waste of time but we can ask ourselves also why I'm doing this if we don't try either.

I doubt most investors will send and receive transactions or do anything else. They may be too afraid to do so and just want to hold onto their Bitcoin until the Bitcoin price reaches their target selling price.

They also feel no need to do so because they just want to buy and keep Bitcoin. If they send their Bitcoins to another wallet, they will see their Bitcoins decrease, and they don't want that.

But what you say is true so they have more knowledge and experience about using Bitcoin. But it returns to each investor because some investors may want to know everything related to Bitcoin. Some don't want to try other things and just want to buy and hold their Bitcoin for the long term.

I think the major thing about Bitcoin is the knowledge, because without having a good understanding of this digital asset you might continue to make mistakes in the long run, the ideas you get prepares you for the task ahead, bitcoin is for everyone, mainly for the smart and intelligent people who are ready to take responsibilities, not blame, note without a good knowledge and versed information about bitcoin, the investor might lose his asset because of carelessness, so you have to know the do and don't about bitcoin, how to safeguard your seeds, the best wallet to use, you have to know all this things and more before you can think of investing, get the information needed, in the process you can prepare yourself for the investment, this is my take on this.

replying to the title of your thread op, yes it is very true because for one to be familiar with bitcoin in full they have to practice how these things work(i.e, the blockchain or how transaction are carried out). having so much knowledge is not actually all that matters but one also has to see for him self how these things works. this knowledge can be extended to other people by educating them about bitcoin but if you dont have any practises you would not be able to show them some important things they should know which somehow will make you look wired or stupid to them. again, not having funds to invest doesn't stop you from learning. you can always practise until, you finally get the money to invest in btc.

I don't think it is. Knowledge is power so once you've gained it, that will always be your edge everytime you decide to share information about bitcoin, most especially if you decide to invest in the future. So whether you invest today or in the future, your bitcoin knowledge will never go into waste as you can always educate others through your own knowledge, or even use it to find jobs in the crypto market that caters about bitcoin.

Bitcoin knowledge is not only utilized through bitcoin investment. You can take part in any discussion about bitcoin because you know you have the advantage over others. You can be a bitcoin enthusiast and work like a bitcoin influencer or you can be a bitcoin ambassador that will promote bitcoin in your country. With that, your knowledge on bitcoin has always prove that you can be an instrument towards others to learn bitcoin as well. If you decide to invest in the future, that's already your individual's choice and decision.

True. Value your own privacy and never disclose any personal information like what you posted if you don't want to be taken advantage in the future. However, you are correct when you said you need to invest because you already have the knowledge about bitcoin. But that does not mean that you need to do it now. You can invest in the future once  you have sufficient funds to start with, just make sure that you only invest an amount that you can easily manage to lose.

In my opinion, when you have never been involved in an investment instrument – ​​it is difficult for you to learn that instrument consistently. It is clear to see that when someone starts investing their money in a particular instrument - then they will learn about it regularly and that will keep their knowledge increasing.

One's interest in a subject allows for greater understanding - but, possession of bitcoin is not a prerequisite for learning about it. On this forum, many users are learning about bitcoin without initially owning any. But then, they eventually acquire bitcoin through investment or other means.

How would knowledge be complete without real experiments? Just learning won't give you complete knowledge unless you use it in real life. It's just not for Bitcoin; this case is everywhere. However, it appears that you know enough about Bitcoin to secure your funds. But I'm just curious why you were so confused, though you were well aware of Bitcoin. It's good to see that eventually you reached a conclusion and bought Bitcoin. It's not necessary to show your wallet or purchase history here. Just make sure to hide the important and private parts if you really want to share proof.

The knowledge is always ultimate one,if you gained knowledge in the bitcoin.So until you implemented the bitcoin in the trading,the knowledge which you had earned may be leads to the loss.The people who inverse their money for the future,then the bitcoin will be the first place in the crypto currency.The knowledge in the bitcoin may not be waste until you trade in the bitcoin after earned the knowledge.The implementation after the knowledge gain is the most important factor.Some of my friends doing trading as their full time job.

For some it might be but if you analyze it closely, no knowledge will go into waste. Yes, that's right. Your knowledge and hardwork to achieve that will determine your future. So it's a good thing actually to invest yourself with knowledge first then just decide later on to invest in bitcoin for real. For now, use your knowledge to inspire others to get to know bitcoin. People with the high passion to embrace the newest technology will always appreciate it and I return, they will also do the same to other people.

In some sense, gaining knowledge about Bitcoin to look for a job that pays either in Bitcoin or other forms of currency is like investing.  This is like investing to learn new knowledge also called personal Human Capital investment where we spend time and money to learn a new skill and have a better job in the future.

So gaining knowledge about Bitcoin can be considered an investment itself.  But I do agree that we do not need to invest in Bitcoin to make our Bitcoin knowledge complete.

Well of course if by "Bitcoin journey" you mean investing in Bitcoin, then it's not complete without actually investing. And simply studying Bitcoin will not yield any results if you don't obtain Bitcoin one way or another.

But remember that you don't have to be a Bitcoin expert to profit from Bitcoin. Bitcoin price movements are not dependent on your Bitcoin knowledge. And trying to trade to always profit from any price movement will likely backfire, because most short-term traders are losing money.

Acquiring knowledge about Bitcoin is very important which will help and fuel your Bitcoin journey and if after being knowledgeable enough but could not utilize the opportunity by putting your knowledge to work by investing on Bitcoin then it becomes incomplete just like they said knowledge without practice is a waste, perhaps someone could draw a plan or a strategy in which while acquiring for the Bitcoin knowledge your accumulating Bitcoin bit by bit, take for example you're earning $500 from your real time job and at the same time your acquiring knowledge about Bitcoin you can set a target of investing $100 or $50 from your salary earning, with that before you realize you have accumulated a good amount of Bitcoin.

But your target should be for a long time holding to allow you have rest of mind because short time traders tend to be the people who always chase the market movement were as they sell immediately as the price comes up a bit which can create a panic if the price moves against you, so your target should be for long time holding.

This is the process we are engaged in on this forum. Yes, you may not have investments in Bitcoin, but no one forbids studying information. It's also an experience. Even without practice. Everything comes with time.
This doesn't suit me. I'm used to checking everything from personal experience. Therefore, I have a small contribution in this area. Modest, but still there. I believe that without this it is impossible to understand the fullness of this crypto world.

Not many people pay attention to their privacy. The citizens of many developing countries are used to giving away their privacy easily. So, even when the consciousness of privacy is instilled in the minds of those persons,  it is difficult to follow up almost immediately. It takes time and even upto years for them to understand the importance of privacy. That is why I love this forum.

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Op, you did well by starting your bitcoin journey and not relying on only learning. With the way you sounded about your investment, it seems  you understand what you are doing. I wish great in your bitcoin journey.

You bring up an interesting point: investing to learn versus learning to invest. Theres value in jumping right in to learn the details, but theres also value in watching, learning, and then taking the leap of faith.

Yes, nothing makes you pay more attention than having something at risk. If you have money at risk, you're more likely to stay up-to-date, read the news, and know how the market is moving. But this isnt the only way to do it. In the world of Bitcoin, groups like this can be thought of as an alternative way to learn. Here, you can learn from the knowledge (and stupidity) of the group without having to put your own money at risk.

At first, people might just lurk around threads and posts, but over time, many of them become involved participants who take part in discussions and even invest. There is no "one-size-fits-all" way to learn about Bitcoin.

The money you made from renting out your apartment is extra, you can easily divert such money into investments every month or year depending on how you get paid, this type of strategy is far more convenient than using part of your salary to invest in Bitcoin per month, you are lucky you get something from your parent, not everyone is as lucky as you are OP.

Also remember that some people have every money that can use for investment, and when they start the journey they lose so much money because they lack the knowledge, it's better to have every knowledge first before investing money on crypto, lack of money to invest will keep you away from some mistakes, if you read a book more than twice, it tends to be more clearer to you.

One doesn't complete without the other, I get this, but seeking knowledge first should be your main focus before putting money into anything, there is nothing like too much knowledge.

I don't agree that Bitcoin knowledge is not compete without investing. The fact that a person does not have the money to invest doesn't mean his knowledge of Bitcoin is not complete. I knew a lot about Bitcoin before buying Bitcoin for the first time.

It's good you've finally decided to invest in Bitcoin but hope you did so because you believe in it if, you don't believe in Bitcoin you'll sell when you were not supposed to sell.

Also know that Bitcoin is a currency, meaning it's a means of payment, not just an investment. It's good that you have Bitcoin that you hodl for investment but it wouldn't be bad if you also use Bitcoin as a means of payment where possible.

You're correct, not everyone has the money to invest in Bitcoin so they can use other ways to get Bitcoin like some of the ways you said. They can also participate in discussion on the forum and because of the knowledge they have about bitcoin, their post will always be good post and they received merits that grows their account to a higher level that they can participate in signature campaign and earn some bitcoin that they can decide to sell or hold for the future.

Other determined individuals that don't have the money to invest can teach about bitcoin on the internet and get paid like influencers are getting paid on many social media platforms. Twitter just started paying and they can start from there to build their audiences to teach.

investment? in the end you need to use this technology "real life" to appreciate its advantages which overcome the speculative aspect and become something "priceless".
Example:
sending "value" in a few minutes from the other side of the world without intermediaries.
carry out transactions with negligible costs.
being able to store this value safely and easily.
In short, the advantages are wasted, it is up to the basic user to discover all the options.

Of course a theory class wouldn't just be enough. There has to be time for real practicals, so as, that which is taught is actually learnt and well understood.

At best a person who just gained the knowledge of BTC should be courageous enough to download any exchange, sign up for a new account, register KYC verification if needed, and navigate the exchanges' features to have a feel of what to expect ones real coins or BTC starts coming in from either personal investment or from trades and or completed transactions.

Of course without knowledge, whatever you are going to do most especially risky things will surely goes wrong. As what others have said that knowledge is power and it is true. Sometimes experiences gaves us knowledge and that teaches us the next time we are going to engage whatever we wanted. Academic studies  or theories is not enough without on the job training or practical application when we are going to talk about education. Lucky for you that you have invested like more or less $200 in bitcoin because I myself have none. Just a little advice if you are a newbie I think buy and hold is the best thing you are going to do leave it like 3-6 years on your cold wallet and enjoy life.

And who told you that it's a waste of time to learn about Bitcoin without having money to invest in Bitcoin? No knowledge is lost in this world, if you aren't capable of investment today you can invest some other day, many people learn about Bitcoin and they aren't able go invest into Bitcoin until a few years later, I was one of those people, I took my time because I had some doubts at first.

Taking my time made me know things I never thought I would, it's very fun learning how to mine Bitcoin, and running nodes, setting up crypto wallets on PC as stuff, I wasn't into this but Bitcoin made me know all about it, and I was able to do them myself just by ready and learning online.

It's wrong to learn about Bitcoin today and decide to invest in Bitcoin even while you can't afford it, but because you now have the knowledge about Bitcoin you want to make it a must to invest in Bitcoin, it just feels wrong, Bitcoin is highly volatile and that makes it a risky investment, so you still need to invest only what you can afford to lose.

I totally agree with this. There are some people that just "learns" about bitcoin through various sources and starts to think they are already professionals. Just reading or watching videos about Bitcoin isn't enough. Real understanding comes when you dive into it. It's like learning to drive. You can watch tutorials all day, but you truly learn once you're in the road with a car and start driving. At that moment, everything will feel different. You won't remember half of the "tutorials" that you watcheed. And the next best thing to learn from is through mistakes. We all make mistakes and we should learn from it. The same goes for bitcoin. As long as you don't invest, all the investment knowledge that you gain is useless.

Some people will certainly think that it's useless to attain bitcoin knowledge if you don't have the plan to invest in it after. However, if you don't limit your thinking, you can influence other people through your high knowledge with bitcoin. As long as what you tell them are the facts about bitcoin, and they eventually believe on it, you could be the key to their life's success in the near future.

I have said something similar in the second paragraph – meaning that having bitcoin is not mandatory if you want to study. Everyone's way of acquiring knowledge is different – ​​but in the end the goal is the same.

The approach that we often find when someone learns about bitcoin is not to invest first. They learn from various sources, many of them even have mentors who are ready to teach them about how the market works and how bitcoin is worth it. So I don't mind a different approach because the main goal is to make a profit.

In understanding each science, each person has a different way, some take a long time and some can understand it quickly, this really depends on each person's personality. I prefer those who learn Bitcoin by not investing directly because this will not be good for them because they don't understand this well, but if someone guides them well they can try it with a little capital so they can understand every process they carry out.

Yes, if we can't afford to invest, we can make ourselves a source of information and guide others. But for me, it seems to useless if we never use it in investing because I wanted to learn Bitcoin for that reason and it makes no sense for not applying it in real life.
I believe that it was not all about investment, we can still use our knowledge in some other ways. Well, we can't say that not all become successful from investing, some are ended up like a successfull spreaker which makes people learn more about Bitcoin.

After all, information is like money, isnt it? Even though you didnt invest your money in Bitcoin right away, you did invest your time and, which I think is just as important.

Also, heres some free advice: 20 years ago was the best time to plant a tree, and now is the second-best time. Similarly, the best time to learn about Bitcoin was probably when it was invented, and the next best time? Right now.

"Why learn if you cant invest?" people ask. I answer, "Why not?" You should be happy that you learned something; its like you've struck gold (or should I say Bitcoin?).

Of course, all new things will require a process for those who are really just learning about Bitcoin. But for now I am sure that those who are new to Bitcoin will have a faster level of knowledge for them to understand what Bitcoin is because they can learn on every social media about Bitcoin either on YouTube or other social media. Because there is a lot of education about Bitcoin that can improve their knowledge. So, if they are still beginners and join the Bitcointalk Forum, it will be easier for them to learn Bitcoin because in this forum they can get everything they are looking for, be it how to invest well or everything. But they can only achieve this if they really want to learn about Bitcoin.

Now, regarding investment, they can do it in small amounts for the investment they make. In fact, it will not link them to a better level of knowledge if they only focus on investing without being supported by adequate knowledge about Bitcoin. But slowly they will definitely dig up their own information about Bitcoin and I'm sure those who know about Bitcoin definitely hear about it from their closest relatives.

There is no wrong with it but I think it is important if we use our knowledge to educate others, not just keeping alone. We can't blame people for saying it is useless if we don't use it for investment or sharing ideas with others.
However, it is all in our hands to decide, we might not have the courage to invest today but can be possible in the future. Besides, we don't urge to invest in Bitcoin but at least having an idea about this can help us understand why people are investing and holding.

Bitcoin knowledge is complete even without Bitcoin investment. It isn't a waste at all and I am even able to earn money without investment or should I say not spending a single cent during my time here in the forum. Knowledge is power as what many people think so if you have knowledge then you'll be able to earn because of it but if you think it's a waste then why not buy in small amounts of BTC until you have reached the amount you have plan to acquire.

I agree with you that the knowledge is important and isn't a must for you to have bitcoin, but come to think of it, having bitcoin gives you more insight about bitcoin and more opportunity of making profit and making people to believe in bitcoin because they will see what you have benefited through bitcoin. Knowledge is power but experience superceeds knowledge, when knowledge is not put into practice. Having money to invest is easy if you are ready to invest. Some people have the knowledge but they don't want to invest because they think that they will run at loss because the don't believe in it. It is another thing to have the knowledge, and it is also another thing to believe in it.

Of course - someone's ability to understand new things is certainly different, even if they have a mentor. Bitcoin cannot be understood easily - especially the technical lessons, but one can understand how it works and also its price volatility easily if they have been familiar with other risky investments before bitcoin.

You don't need to learn a lot of technical stuff to invest in bitcoin - but you just need to prepare a budget, get a secure wallet ^{[recommended wallet]} and buy it and withdraw it to your wallet. They just need to hold those bitcoins to make a profit even if they don't know about other technical issues.

True that, the application of Bitcoin knowledge is not limited to investing in the Bitcoin market.  Bitcoin knowledge can be shared or taught, passing down the knowledge of Bitcoin to future generation.  Some people can earn from the Bitcoin knowledge they learned and from that they can start accumulating Bitcoin.  So it does not need to put money in Bitcoin investment in order for the knowledge about Bitcoin to be complete.

Only through investment one can understand well about bitcoin. Particularly different people state different reasons on the goodness of bitcoin. However it is one's own understanding that is more important to be successful through what we've learnt. When we invest/experiment we'll get to know how good are the things and the reality of bitcoin investment. Bitcoin and cryptocurrency is a vast thing, which looks complex for people who doesn't have much of technical knowledge. For this reason itself many stay out of it.

Acquiring a knowledge without applying it is somewhat useless  notably academical knowledge in a any field. Buy this doesn't apply cogently with bitcoin knowledge this is because you can have the knowledge without money yet unavailable to invest and that doesn't make the knowledge useless.

 Having the knowledge is the most important as it becomes a part of you that whenever money is available you can invest. People acquire knowledge for the sake of it should in case in the future the need for the service of a possessor of it and I think bitcoin can be acquire for same reason not always pointed to investment all of the time.

maybe the type of person you mentioned just wants to be a teacher about bitcoin (they don't want to invest but want to be a teacher) or they listen too much to the FUD spread by several groups lol... Bitcoin is much easier to buy than gold, property or other types of investments, you can buy it on an exchange and then store it in your personal wallet without the government knowing about it. so I think that people who know about Bitcoin but don't buy it are actually wasting their big opportunity.

Even though it's not useless to learn anything, you still have to gain knowledge by practicing what you learned. You are not an expert if you have learned something from a book, for example, and did not try it in real life. There are many things we should practice after learning it. Let's talk about Bitcoin Knowledge. For example, you know many things about Bitcoin, and you will teach your friends if they ask if you ever bought Bitcoin and if you ever had Bitcoin. If you say no, they would barely take your suggestions. Actually, I am kinda unable to explain what I actually mean but I hope you got my point.

No matter how much written and unwritten knowledge you acquire on Bitcoin, you will not be successful unless you have applied or practical knowledge. Especially when we invest on Bitcoin we can gain a lot of knowledge about Bitcoin Risk Management. It is possible to gain in-depth knowledge about market value, trading volume, future development and risk management. Moreover, we have published various magazines and books on Bitcoin, from which we can learn a lot theoretically, but if you want to know something practically, you must invest in Bitcoin. It is practically impossible to know any information without investing on Bitcoin.

They don't have enough money to spend on it but you are right that others just want to spread awareness on Bitcoin but this is only a rare case because those people who are telling and explaining about Bitcoin also own it if they don't then I don't know what their point is in  telling other people and seeing the price without any possession. Others also want to invest in it after learning all aspects of Bitcoin but they are just not able to do so because their money is just enough for their needs they need to have extra money just to have that investment.

But if you don't invest in bitcoin, are you sure the knowledge you learn is correct to impart to others? Not only in investing but also in our lives, there is a huge difference between theory and practice. That's why recruitment companies prefer to hire experienced people rather than fresh graduates with a lot of knowledge but no experience. Furthermore, is anyone good enough to learn about bitcoin without investing in it and willing to teach others to invest? In theory it is like that but in reality it is not so, human nature is selfish and jealous.

Yes, you have a clear point, some people truly think that way, but the truth of it all is that after learning about Bitcoin you should also invest, because if not for the investment purpose, why would someone use his time to learn about Bitcoin but refuse to invest in it while the person already knows all about Bitcoin and how bitoin can be profitable in time to come.

Even if a person learns how to drive, it is possible that after learning about the car, he or she will still get a driving license to prove that he's now a good driver. That is to say that after learning about Bitcoin you should put your money in it so you will fully become an investor.
Learning about Bitcoin without joining the investment with your capital is just like a total waste of time, unless the person is trying to mine it.

There are many reasons why a knowledgeable person cannot invest in bitcoin. I used to be one of them, at one point, I barely had enough money to invest, but I still researched everything and always participated in bitcoin discussions. But I never dared to give investment advice to others because I had no practical experience, what I knew at that time was just theory.

But if someone has the knowledge and money and doesn't invest in bitcoin, it's a waste of time. And people who have knowledge and money but don't invest but always give advice to others are mentally unstable people.

OP, I commend you on this. You took a bold step by putting to test your convinction and faith in Bitcoin by investing in it. That's what every Bitcoin fan should do. They've to at least own a bit of it in their own private wallet. That way, they've a basic knowledge and feel of what Bitcoin is. It's like a man who tells everyone that he's a carpenter but doesn't have a single couch at home. Let's even see it the other way round, the knowledge is the theory while the investment part is the practical. Both should go hand in hand to give a better result and increase success rate.

Well that's right, basically everything will come back and depend on how our conditions are, especially in financial matters, although yes maybe they have knowledge that can be said to be quite a lot of understanding about aspects and important points in investment but still like your experience, everything is according to conditions, but yes even so basically there is no compulsion at all for us to start investing, whenever you can and are able, especially in terms of money then you can start immediately. Well it's better that way friends, I mean don't let us give any advice or even force others to do the same or more clearly invest in bitocin, of course everyone may not always be interested and obviously in the end maybe they can ask you for responsibility for whatever they experience in their investment, especially losses.


Well that's very unfortunate, if basically they already have both points as you said, namely knowledge or knowledge in investment and also have the ability in terms of money then I don't think they should waste the opportunities and potential that bitcoin has provided, if they have excessive fear then I think there is nothing wrong with allocating a little budget that they have that will not make them feel too depressed about whatever will happen in the future. But honestly if they don't start at all then obviously it's like wasting time and maybe wasting opportunities, they must realize that there is something significant from bitcoin in the next few years and I always look forward to it by always setting aside a little from my salary, honestly I really believe in this opportunity,
I am one of those people who wants to make a big profit by taking risks, unlike them.

Investing in Bitcoin is just an option but can't hide the fact that people are here, googling/searching about Bitcoin for investment purposes. Either they will be investing today while still learning more or after. I don't believe that someone spent their time without a strong reason for doing it for I was sure that there is something that urged them to do that. And it is just a waste of time (for me) not using it after learning as it will just pass by and then forget in the future.

Indeed, not implementing your knowledge is like being a lazy person actually, cause you already have the information you need to invest in BTC where some of the people find it complicated and hard. If you're learning it for fun then for sure you have a lot of time in your hand, so if you reason out you got no funds to invest, why not find a money sources for you to provide the money you need to invest. Well, there's no actually late comer whenever you want to invest in years, but you'll miss out some early opportunities for sure.

Yep, people probably won't spend their time to learn Bitcoin and have good Bitcoin knowledge if they have no intention to invest/trade Bitcoin. Sure, there are people who directly invest in Bitcoin, but there are other people who invest in Bitcoin after they know well what Bitcoin is. The goal should be the same although the time when they start their investments are different.

I'm sure there is no people who learn Bitcoin for fun only. Bitcoin is a serious thing, it is not something that people know it for having fun. When someone wants to have Bitcoin knowledge, they must have the intention to invest or trade Bitcoin.

Studying without a purpose is a bad thing, even a novel reader has a purpose for why he reads. Learning bitcoin is not an obligation if they are not really interested in investing or whatever the goal is. Some people are starting to study Bitcoin because they want to know how it works, how it is valued and what it was created for. They don't have to invest, but they just want to provide an explanation to others when there is a discussion about it somewhere.

Religious leaders are the category of people I am referring to. They don't invest, but they study bitcoin for their own purposes. But for anyone who is interested in Bitcoin and has studied it seriously, it is clear that without investment it can be said to be incomplete.

No, investing in Bitcoin is not mandatory in acquiring knowledge about Bitcoin to make it complete.  Investing in Bitcoin is another action outside the Bitcoin learning.  Investment is more on aiming for profit and taking advantage of the learning we acquire about Bitcoin.  Even without investment, a person can still have complete knowledge about Bitcoin so I believe that the title is a fallacy because we can still learn about the possibiities of Bitcoin investment through the experience of others.

Knowledge will always bring power no matter what. Even if you don’t use it to invest at the moment but the fact that you utilize it to influence others, that will never go into waste. And when those people whom you’ve educated and influenced at the same time have start using them through investing, then it’s like those knowledge have been very useful for them.

Yes actualization of your investment would be needed to test if your knowledge is working. but it’ll never be enough; learning never stops. I’ve been here in this industry for years and still, I am learning new things on each week proving that development continues for this industry. And I’m sure others as well are doing the same thing. But as the topic suggests, it’ll mean nothing if you won’t have the courage to actually invest and use your knowledge that you’ve learned. Also, investing won’t be too easy that it’ll smoothly go as planned; there’ll be times that losses would come and that is when your knowledge would be more used to handle the situation.

knowledge of bitcoin means ?

How to code it?
How to spend it?
How to buy it?
How to earn it?
How to mine it?
How to trade it?
How to hodl it?

I suppose some of the things above are important

But ultimately If you are under 30 years do a 10 year dca and hodl it.. 

Then decide your next move with it.

So you  need to know:

 how to buy it
 how to hodl it
 how to sell it one day in the future.

Sounds like investing is all you need to do.

You are just confused at the start which is normal for an investor because if you don't doubt an investment then you are not a wise investor. You did great and what you bought is decent for a starter. But, like other members said, there's really no hurry when it comes to buying Bitcoin. Learn more and keep all those lessons that you will receive from good platforms like this forum. I do suggest avoiding social media fake analysts and FUDsters though because most of them are supporting another coin and they want to pull out Bitcoin investors in their midst.
Pick who you will follow, it's better if they are only posting knowledge about Bitcoin and analysis with facts to back it up. Learn, learn, learn and you won't worry about anything afterwards.

Personally, I get the sense that OP is on the right track in spite of a seemingly overwhelming number of members responding and telling OP that he is fucking up by jumping into bitcoin too soon.

There is a hurry in bitcoin to get the fuck started.

The reason that we have ONLY less than 1% of the world's population investing into bitcoin is because the overwhelming majority of the world either does not know what bitcoin is or they think that they know what it is and have failed/refused to take any action.

OP did the right thing by taking action, even if he admits that he is still learning, but he's got several of the basics right already.  He figured out some kind of an amount that is reasonable for him, which is taking part of his income stream that he believes that he does not need, and he also thinks that he will be investing around 10% of his income and for 10 years or longer. 

What other perfect case for getting the fuck started do we need?  Op is going to get started in a modest way and he is going to learn and he is going to be ahead of 99% of the rest of the world, and I am not even sure if he is being too wimpy or too aggressive in his bitcoin investment amount, because he is in the best place to make those kinds of decisions, and he has explained his approach pretty well.. at least outlined what his approach is and that he is willing to learn more.

Sure, his opening post had seemed to be a bit overly exciting, and so likely he has to make sure that he does not allow his emotions to get in  the way of his investment approach, but shouldn't any of us get excited by both learning about bitcoin and getting started with a relatively modest approach that he says that he is going to try to continue to follow and to learn along the way.

Regarding his choice to share his actual purchase amount (quantity of BTC), that is not completely irrelevant, and many of us have made several of those kinds of disclosures over the years, and sure it probably is not really necessary for him to provide a screen shot or to even argue with other members about how there is already so much information out there, so why not put some more out there, even though in the end, it is within his discretion how to frame his discussion and his personal disclosures, and maybe it would have been better for him to describe with a bit more vagueness, which is what a lot of us have learned to do over the years. 

Sometimes we speak in terms of a range or in terms of hypotheticals, which are all great ways to attempt to employ some plausible deniability... because sometimes forum members could end up being found out and some of their transaction could be linked.. yet remember back in the good ole days when a lot of members were sharing these various kinds of transactional information, but many of us have stopped doing that because it seems to be that we learned that it can be problematic to have too many pieces of information out there.. even though there is still some information and some members still do share quite bit more than others, and maybe some of those members may have ended up getting themselves into trouble with some of that oversharing... so sometimes we don't necessarily know what we do not know, so likely OP should at least attempt to consider the extent to which he wants to retain some plausible deniability and maybe just say that he bought a certain amount rather than showing a redacted picture of it.

Yeah the ten year dca plan or longer is good even if you are in your 50s

starting it at 52 and wrapping it up at retirement when 65 is still viable at this moment.

Even if btc does only 20x from now till 2036 it will almost certainly out do cash 💷.

I don't really disagree with anything that you are saying, yet still some people who start investing late in life don't really have anything in their investment portfolio and they are just getting started, albeit late.

The timeline that someone has may also have to do with their other investments, and surely the cashflows from some investments might come available at various points in life, and surely there could be some cashflows drying up (or not sufficiently keeping up with inflation) and other cashflows coming available in terms of 401ks and other kinds of retirement funds that come available in various kinds of ways, whether lump sums or the employment of withdrawal parameters.

Maybe in the end I am not even really disagreeing about your ideas of being able to invest into bitcoin even at a late age, so in that regard I would not even presume that the investing into bitcoin would stop at 65. even though there are overall presumptions about needs that older folks are generally going to have to want to have various aspects of their investments that are more liquid.. and even stable in terms of cash price.  We know that bitcoin is amongst the greatest of liquid assets around the world and likely increasing in its liquidity, but it is not likely to increase in its price stability and likely to do the opposite. which many of us have already frequently recognized and appreciated that one of the most likely guaranteed and inevitable things about bitcoin remains its volatility...

so questions about how to invest into bitcoin might not always be about whether to invest, but instead about position size, and many of us likely would hope that our position size in regards to bitcoin is becoming more stable and drawn upon in more elderly years rather than being invested into, even though I surely take your point regarding investing into bitcoin late in life and also in terms of someone who might not already have exposure to bitcoin late in life versus someone who may have already had several years of being invested into bitcoin.. there would be certain desires to be ahead of the game in terms of bitcoin by the time any of us is getting into his/her later years..so let's say 65 and beyond as you mentioned.

Thank you for explaining the reason why it isn't a safe practice to show the details of my transaction. I have deleted it.

Yea those who are die hard bitcoin fans might continue with buying bitcoin even at old age with their pension or with money that they don't need, because down here in my country most elderly people that their children are successful already gives money to their parents, and most times these people don't know what to use the money for rather than just piling it up and leave the behind after their demise.

Such money can be used to buy bitcoin during that time instead of piling it up, the person might give out the bitcoin as charity to the church or orphanage homes. On the other hand if the old man is rich, he can continue to invest in bitcoin even at that age so that he can will it out to his heir because it will be more valuable than fiat due to inflation at that period of time.

I am still young at my late twenties and if I can DCA for ten years from now without selling, I believe that I will have a significant amount of bitcoin, which this I will try to achieve because I want to make bitcoin be part of my life since I believe that bitcoin has come to stay and it is worth investing in as an assest.

I still see the snapshot image in the OP.. but if you were to have had chosen to delete it for the purposes of privacy and/or privacy related precautions, then hopefully any member who had cited that post with that image would also be willing to delete it.. but if you have not yet deleted it, then they might not delete it. ..and they might need to receive a request in order to delete it, since they might not delete it on their own (or even come back to this thread and/or realize that you deleted the image, if you end up choosing to delete the image).   

By the way, if you had noticed in my earlier post, I am not even necessarily against the idea that you chose to include the image or that you would have provided some kind of description of what you did, yet sometimes it is good to include some waffling and/or plausible deniability.. which would not mean that you are not being honest, even if you might be not disclosing exact specifics.. that seems to be shown in something like an image like that.

Usually I try not to cite another member's post with potentially sensitive personal details, but even I am guilty of citing such posts when I recognize the problematic nature of some of the personal details that they had post, and in that regard, we cannot always be able to or even have to, protect members from their own chosen disclosures... as long as we are not engaging in such citing of their posts for malicious reasons (which also is not always clear regarding how malicious any of us might be without even necessarily realizing it.. even though general definitions of maliciousness imply that there is already a knowing/intentional kind of desire for bad results built in to the action).

My personal posting style does tend to attempt to quote portions of posts that I am discussing in order to provide a proper context, and also sometimes, I am worried about my own post being read out of context if I do not cite the relevant portions of the other person's post that I am talking about in my own post.


Yeah.. a 10-year (or longer) investment time horizon may well be reasonable for you, and surely you may also end up retaining several of your assets (including bitcoin) for 30 years or more. .and of course, it can be difficult to plan with too many details that far out into our futures since there can be several things that end up changing our financial, health and/or psychological circumstances with the passage of that much time...

And, at the same time, we may well end up setting up a general trajectory in our late 20s, and then every few years we might revisit both whether we need to tweak the trajectory in small ways or whether there might be some aspects of the trajectory that are in need of more major revisions or even abandonment or addition of other new parts (investments and/or liquidations) into the earlier parts.

And why they did it late  ::)

That's an interesting point to review, one big factor could be that they are new to Bitcoin this year, or they are full of regrets about the dark past because they had some BTC but didn't hold it in the long term. So that now they are aware and ready to make long-term investments when they are past their 50s. I thought it wouldn't be a problem but in old age it seems like they have little time to enjoy.  lol
 However, investment certainly does not look at age, whether they are still students or have entered their 50s, of course they will be able to do it. But for those who are older, they definitely need someone to guide them, be it their children because if something happens, for example they die, of course their children will know that their parents invested in Bitcoin.

If you consider Bitcoin as part of your life, you will have to depend on Bitcoin all your life if you only have Bitcoin, and that doesn't mean you won't sell it at all for 10 years.
I mean, make Bitcoin a goal to help you in various stages of your life. Just like a wedding, and this should be part of your plans because weddings cost money and you can use the profits or part of the profits from Bitcoin after it reaches its highest price to prepare and plan.
And after that you still need other costs such as housing and equipment, then birth costs and so on for 10 years that you have to think about, including sick costs and other unexpected costs. So the best option is to treat Bitcoin for your future or old age, and also help your essential needs if you really need it by taking advantage of some of the profits from Bitcoin and without abandoning your DCA strategy. And my advice is to always take advantage of a downturn to increase your purchases, and reduce them when another rise occurs.

I think it it quite common that either people do not have enough because they failed to plan and to take actions and maybe even they were too busy gambling rather than investing and believing that their gambling amounted to a kind of investment, and then it did not end up paying off.

Sure sometimes they might be to blame, but sometimes they might have some misfortunes too... so there can be a lot of reasons that people might feel that they are "starting" or "starting over" at a very late age.

Sometimes they are busy having fun and going on vacations and they do not really realize how the time will end up slipping away from them, and then one day they wake up and they realize that they have only saved $10k, even though they have a lifestyle that requires around $100k per year, and so they have to do some serious thinking about how they might need to make progress towards getting where they should have had been.


Those seem to be two different topics.  One topic is NOT having enough of an investment portfolio and by using traditional measures of equities, property, commodities, bonds and/or cash or cash equivalents.   And then another question is being new to bitcoin, which seems to be way less unusual, especially since less than 1% of the world population has any kind of stake in bitcoin, so even with the group who have bitcoin, there may be quite a few that do not even have any kind of significant and/or meaningful amount of bitcoin.. so maybe the guy who wakes up at 50 or 55 years old realizes that he ONLY has around $10k saved up, and maybe he only owns $500 worth of bitcoin, and that is even being charitable to speculate that any average joe would own any bitcoin at all.. the best presumption is that 99% do not own any and some of those 99% believe that they know what bitcoin is, but they likely do not know what it is because if they knew what it was, they would not be a no coiner, but they might be a low coiner.


You can ONLY enjoy or even stop working if you have prepared in advance, and there really are not that many people who can stop working before they are 50-ish and many people have difficulties stopping working when they get into their early 60s.  It is not necessarily easy to get to a point that you can stop working... especially early (meaning prior to the time in which some of the paid into government benefits start to be available).. so even if the various benefits might start to be available, there still may well be reasons (and/or a lot of benefits) to having a variety of ways to supplement benefits without necessarily having to sell your own personal residence or having to size down your residence for financial rather than convenience reasons.

Many people in the USA don't have too much saved but if they do, the main things that they have would be 1) property (such as a personal residence), 2) something like a 401k plan, 3) maybe if they are lucky a pension... and 4) some kind of a government benefit plan - such as social security.    So if they have other investments outside of those four potential cash flow sources, then they might be able to supplement those, but a lot of people do not even have those main 4.. and maybe because of their lack of investing in various categories, they often might fall back on the 4th category, but if some people have been working informally or not paying into such government programs through their own businesses, then they also might have fucked themselves by not contributing into it and when it comes time for the benefit they are either ineligible or the amount that they receive might only be 20% or less than the income that they had been previously earning in their working years...and maybe they were not even really making much of anything either because they were working in the informal economy or off of the books.


When it comes to investing, time tends to be your friend.  When you have a lot of time, then you should be able to invest relatively small amounts over the long term and then just build up the amount that you have, so you will not always know the consequences of your failures/refusals to adequately prepare until it comes time to start to draw the benefits and to see that you do not have anything...so their surely are young people who are just as dumb as old people who have not saved up, but they might not have realized the consequences until they figure out that they either do not want to work or that they cannot work and then that might be where the rubber hits the road as far as their abilities to actually stop working and still be able to maintain a standard of living that is sufficiently comfortable and even sustainable...even having savings in a retirement might not save anyone if they draw down the principle too fast.  They should be attempting to mostly live off the interest rather than the principle and not even those kinds of concepts are clear to people without consulting with an expert, even though most of us should know those kinds of basics.. but many people do not know that kind of information.


Overall I have the sense that they don't really need help since... it's too late by the time they get old if they have fucked up then they are limited in what they can do. .. but sure I agree that they need to try to figure something out so that they do not squander whatever they do happen to have at that time.

And, yeah, sure they might need some help to manage whatever they do have left so that they do not end up squandering away whatever that they do have.. so maybe I am ending up agreeing with you about their need for help that would have been much better to try to get sorted out way sooner.. while they still have an income coming in (perhaps while they are still in their working years) rather than when their cashflow sources are drying up.


If someone is in a totally fucked up situation, their amount of bitcoin might need to be pretty limited if they don't have a lot of margin, and so their investment into bitcoin might end up taking a real small size, and it might not even be a good thing to invest into if they are barely making ends meet, but sure if they have some extra and they have a 4-10 year time horizon that they believe that they are still going to be living, then sure the can buy into bitcoin with some of their discretionary income so long as they also make sure that their emergency fund and their other kinds of ways to cover their expenses is largely going to be covered by their projected income.

Maybe we are kind of saying the same thing.. but with any investment into a volatile asset, such as bitcoin, it is better to figure out your position size based on how much you might need the cash, and if you have strong cashflows, then you have more cushion as compared with someone who both has week cashflows but also potential circumstances in which anything that s/he does have saved may well need to be somewhat more liquid and not overly volatile and bitcoin meets the liquid angle but not the low volatility angle.

This effort is quite attractive for some people in their 50s to invest in Bitcoin as a safe haven asset for their old age. However, as you have explained, of course it is very related to the big principle of seeking income from the spare money they have to invest in Bitcoin. Sometimes the lateness in getting started isn't that big of a deal because their confidence level is higher with mass adoption happening. Of course, for those in their 50s, they don't think about anything else other than their focus is only on investing.

However, if they are just learning about Bitcoin when they are in their 50s, it would be a good idea for them to invest based on their desire to learn more about Bitcoin. Generally, currently it is millennials who dominate investment in Bitcoin, and in general, of those aged 50 and over, only a portion of them invest in Bitcoin due to their lack of knowledge about Bitcoin (perhaps too late). As mentioned, those aged over 50 will have a lower level of income if their work is not permanent (for those who are not state officials). So the level of their needs will probably be the main thing in investing in Bitcoin for the long term. Even a tendency towards distrust may be the basis if they start too late.

Leave the experimental side of investment for the later, I spend months after months for learning Bitcoin and other necessary things, if you lack money you will have to work or get a job first before you can invest in Bitcoin, so it's not something everyone can rush.

I used almost a year to learn about bitcoin and I have never thought of wasting my time because I don't have money to invest yet, those who don't have money are still welcome to participate in crypto, they can start with testnet experiments or move into airdrops, there are still free ways of earning coins so having money doesn't mean you are not welcome.

Some people have all the money,  such people are still not fit to invest in Bitcoin because they don't have the knowledge, either you have the money or not, you have to seek for knowledge first.

You don't need to have money for investment before seeking for knowledge. Knowledge of whichever type can never be a waste. Talking about having bitcoin knowledge without having money to invest will also earn you money by teaching people who are willing to learn about bitcoin and you can charge them for a little token. Knowledge itself is a wealth. Having knowledge will also not stop you from struggling to get money which you can later use to invest in whatever you think will be better for you. And again, having knowledge will protect you from investing in wrong assets that will make you to lose your money.

Going back to Op, without investing in bitcoin your knowledge is never a waste because investment is a choice and you can learn and decide not practice it. We have a number of trained doctors, lawyers, mechanic etc who are well trained but are not practicing it. Can we say their knowledge is not complete because they are not practicing it? Such is applicable to Bitcoin.

Well, according to my reading of your sharing of your story here, I see that you at least have some knowledge of Bitcoin. And I also noticed that you are a bit careful with the money you take out as an investment in Bitcoin, which is normal for an investor like you, especially since you are new to it. But the good thing about what you are doing is that, apart from having an idea, you also have knowledge of what steps you will take in this industry, and then you stumbled upon this forum.

Maybe the only thing I can say to you is that you continue with your planned implementation of DCA every month, and I see that your thoughts are good. I also think that you are aware of the risk and volatility of Bitcoin, and since it is long-term, you also want to hold it.
Just don't mention how much bitcoin you are going to buy because maybe later someone will suddenly pm you and say that he is a good person, and in the end he will just fool you because he has a plan for you, so it's the right thing to do.

You have gained knowledge here in the forum, and you are doing the right thing.

Well that's right, that's one of the main and common reasons that everyone can feel and that is the reason why they always come late especially in starting their investment. Money is the main reason, and even if they have money maybe it's only enough to make ends meet, and also if someone suggests them to get into investing in that condition, maybe they will make a statement that "if I allocate my money even with a small amount of impression then I will not have money to continue living", of course everyone's condition will be different - different especially in financial matters and needs. In my opinion, only those who are stupid waste the opportunity to start investing, even though it is clear that great opportunities are in front of their eyes but they prefer to keep themselves busy just gambling for example. Believe me it's just a waste of your time and money and there is no significant return (profit) if you only depend on gambling which will only worsen your condition. How can they equate gambling with investment? in terms of risk maybe yes both have a fairly high risk, but are you sure that gambling can bring you to a better future? if you say yes it is very silly, you should immediately see what great opportunities there are in bitcoin, If you've gotten it from a few references then I'm sure you'll be eager to get started early.

Yeah right buddy, no one else to blame but themselves for wasting all the time and opportunity, but well I wouldn't blame them too much either because obviously it's true as you said that there are a lot of impossible conditions that would certainly be their reason why they always come late or don't even start at all.

everyone has their own path. know that not everyone who gambles thinks they will get a changed future by betting. most already know they will lose more than what they gain from gambling. but why do they still continue to gamble? everyone has their own way of dealing with problems. Gambling may be considered a problem for some people. but others go to casinos to have fun.
I gamble, I invest in Bitcoin, and I also trade. There is nothing wrong when you have a way of managing your finances well.

That's the toxic thing about people who gambling, of course not all of them I'm talking about some gambler, they know there's no guarantee they would win big time and eventually would lose money still they choose to gamble the money they have. Dealing problems with a past time that could get you addicted and could worsen your situation more it's not a good way of dealing problems, maybe this would be applicable for people who's financially stable and rich. If you're just gambling just to escape reality then that's the worse, it's like an alcoholic person reasoning why he's addicted to drinking due to they want to distract themselves from their own problems.

You once get knowledge so it will always encourage you even if you are not able to buy bitcoin. There are many individuals who themselves do not have buy bitcoin but have solid knowledge about it.

If you have knowledge so you can also utilse this knowledge for the encouragement of others which will not only be profitable for them but also for you. Whenever you spread accurate Knowledge more people will adapt bitcoin as a result of which adaption of bitcoin will increases and in this way you will also get maximum amount as you will work as an influencer.

If a person has knowledge he can use it anytime but if you don't have knowledge and exact time arrives then you will not be able to take advantage of this good time so always keep learning and educate others too.

Surely there can be quite a bit of variance in terms of how much gambling could devolve into being a problem or merely a means for entertainment and/or that some people do actually have some ways that they actually make money from various forms of gambling.. but surely a pretty low minority actually are able to make money from gambling... and surely the money makers would not be the games of chance ones, unless they figured out some kind of a glitch.. which also is pretty unlikely, but does happen once in a while.

I think one of the points that I was attempting to make earlier is that some times people might not know the extent to which they might have gone into an unhealthy realm or that they may well not realizing that they are squandering too much of their time and their money (and even their mental energies) into a path that is not really very good for their own finances and/or psychology.. and sure some of these people may well have gambling and investment separations.. but then sometimes the investments might not be enough for their own good and sometimes the investments will get siphoned into the gambling.. it is not necessarily easy to judge someone else, and surely each of us have to make our own judgements - even while at the same time realizing that we might end up being wrong in our approach, even considering our approach in light of our own individual particulars.

I perfectly understand what you mean, the first time is always difficult because so many questions get into your head, and you realize that you are about to spend actual money. It takes a good effort to make that step but the, as you said:

Now rememeber not to check bitcoin's price every 5 minutes, it's a long journey, try to enjoy it.

Sometimes we learn by practical and I feel will help anyone learn better if you can invest in bitcoin but the other way round not everyone have the money to actually invest in bitcoin. Like my region  the variation between dollar and naira is crazy  so even buying bitcoin now is expensive even if you want to accumulate gradually it won't be easy with having bills to keep up with. And even the suggestion of getting a job to invest in bitcoin is good but the nature of the job should also be considered because some jobs have little earnings, it will be difficult to buy bitcoins with such money. And me also don't think learning Bitcoin without investing is wasting time, the first is to seek knowledge first before  the individual even think of investing. Even with the money, i will suggest the person seek knowledge first.

That's right, I would also say that it is a very deadly poison, not meaning only for themselves but sometimes they also spread the poison to others including those closest to them, they look excessive when showing off the wins they get which is actually far from reality. In my opinion, they are also most gamblers already know the real fact that there is no guarantee of anything in gambling, especially victory, I say it is just an assumption and delusion that comes out of their wrong mindset because they are too exaggerated in seeing something that is only limited to luck.

As we know it is also not uncommon for some of them to come to gamble with the aim of multiplying the money they bring, are you too confident of winning or are you too stupid? it is very clear as you said that this will only make things worse and will only add a lot of new problems, nothing more than that and no positive points can be taken unless you come just for fun. You already know how bad the economy is but you go into gambling with stupid assumptions and hopes. It will only waste time with a lot of losses, so be broader in seeing. Many opportunities are more certain and promising, such as bitcoin investment, although there is also a level of risk but there is not always and fully rely on it because you can create profit opportunities with the best planning that you have learned.
Believe me and change your mindset in gambling that is just nonsense.

I agree with some things you have said, but I think it won't be ideal to say that "you will have to depend on Bitcoin all your life.

Well, while investing in Bitcoin, we have different goals that we wish to achieve when our investment generates the expected APY. But we don't just invest in Bitcoin today and begin to reap the profit the next day; rather, Bitcoin is an investment that takes a long time or short-long time to generate a good volume of profit, depending on how much the person has invested. 

If someone invests in Bitcoin and only depends on it for the rest of their life and perhaps on every desire or expense, they might not even be able to hold it until they get a huge profit to achieve a solid goal. But though every investor usually has a reason or goal for why they are investing in Bitcoin, some people want to hold it for the next 10 years, while others just want to earn some percentage of the profit from their invested amount so they can use the profit to do something meaningful. With Bitcoin investment, you can still do other things that will fetch you more money.

That does appear to be a good point to highlight.

When any of us creates an investment plan, whether that is in bitcoin or any other investment, hopefully we are setting some parameters for ourself right from the beginning, yet even if we set parameters, we should still make sure that we invest in such a way that we retain discretion and we are not locked into our investment, even if we initially intend that our investment might be for 50 years or longer, we might change our mind after 5 months and decide to abandon the whole project, unless we locked ourselves into some kind of a system in which we are not able to get out.  Bitcoin does not come naturally built with such a system of locking in, so we would have to take extra steps if we were to want to lock ourselves in or even if we were to "accidentally" lock ourselves in by creating some kind of timelock or some other way of carrying out some kind of a non-default execution (way of holding bitcoin).

Surely there is value in NOT wiffle-waffling with any investment that generally tends to go up and that has good chances of outperforming a lot of other investments, but people are still not obligated to follow even good plans - and many of us likely already know quite a few examples of people who cashed out too many bitcoin too soon and then regretted their seemingly short-sighted approach - but they still are both free to make dumb-ass transactions and they should take complete responsibility over any of those kinds of decisions regarding when and how to buy BTC and how long to hold and when and if to sell.  Does not matter what any of us folks on the interwebs say, every person should be responsible for his her decisions regarding whether and how to invest into bitcoin - even if we may well be suggesting what we believe to be better and/or seemingly best practices, and many of us might not even end up being correct..

Is there anyone who invests all their earnings in Bitcoin only? I don't think so. You are correct if someone invests only in Bitcoin and doesn't invest in anything other than it. Then, they will have to rely on Bitcoin only. But who does this thing? Investing all your earnings only in Bitcoin is a crazy idea. If someone saves a thousand dollars, I would suggest they invest only 10 to 20 percent of their savings in Bitcoin. This is not too low and not too big. If someone invests a significant portion of their income and does not have other savings, they won't be able to hold it for a long time. They will have to sell their Bitcoin for emergencies and even daily needs. So, make it like you don't have to touch your Bitcoin.

Preparing the best plan before we step into any field is always going to be the best thing and very good. As is the case in investing in bitcoin, such preparation is very necessary from the start, as you say it is very true and maybe only some of those fools who are too desperate by coming without any planning and fishing gear, they only think for profit without bringing any way to be able to achieve it. But well I say basically there are also some of them who bring their best plans but in the end always violate some of the parameters they have set, and end up losing, it is very possible and not uncommon. It's quite difficult to maintain wisdom throughout the journey, because like humans, sometimes it's easier said than done. And I think some of their deviant desires can really disrupt their plans that have been built very well, such as greed and being tempted by some moments that seem very promising when it is just a temptation to stop them on their way to greater profits in the future.

Building a plan with fundamental techniques is very good, but in fact not all can do that way because as I said above, there are so many temptations on the way, and also unexpected things can happen that will certainly make them confused between holding it until the target is reached or selling it too early to be able to overcome the problems that come suddenly. And yeah like you said, the 50-year plan is pretty good, but maybe after just a few months we might change our mind. So the point is that we should think about the best plan very carefully before starting it.

I am not against some level of plan and continuing to plan along the way, but for sure, you and I are thinking about these matters, differently, because it seems to me that one of the most important things in bitcoin is to get the fuck started right away..

and yeah, maybe you just start with $10 per week when you could invest $100 per week, and while you are getting started with a small amount, you can study and figure things out along the way... .. and maybe you end up doing dumb things and losing the first several weeks of $10 per week..

But still seems to me that almost everyone should be thinking about getting off of zero and to not  be procrastinating in regards to the getting the fuck started and don't be screwing around too much with overly planning. 

Most people on the street generally should know their budget well enough to know if they are able to buy $10 per week with bitcoin.. and if they do not have $10 to get started, then maybe they better get their shit together and get $10 to buy their first bitcoin.. and just get the fuck started, and yeah, maybe such people start in a way that is very small and non-threatening to their budget and their psychology... and so maybe it takes several weeks before starting to become more comfortable with what it is that they are investing into, but if you do not have time to study bitcoin, then at least you do the basics in terms of getting started right away, and then when you do have time, then you can look into studying bitcoin some more and tweak the BTC accumulation plan..

and another thing, everyone is responsible for their own choices regarding whether or not to buy bitcoin and if so how much to buy and how to go about it... so if some people are not comfortable enough to figure out how to buy bitcoin then those would be the first things to figure out and once they figure it out, then execute.. and just like OP said, getting started makes it much more concrete to be paying attention regarding learning and removes bitcoin from the theoretical and into the practical.. .. and  if you fuck up by buying $10 of bitcoin, don't come crying to me.. and also if you fuck up by not buying $10 right away, then at some point down the road, I will tell you, "I told you so."

Hey, I always love to read your long post which I enjoy reading it.
By the way, speaking of the accumulation plan is the right step when you want to start investing in Bitcoin and I tend to agree with you that starting small, like with any investment, can be a good step.  It allows us to dip our toes in the water without causing possible financial stress or anxiety.  It might take several weeks or even months before someone becomes more comfortable with the concept of investing in Bitcoin, both in terms of their budget and their psychological readiness.

That's a good reminder, a gentle "I told you so" can serve as a reminder to learn from one's experiences.
IMO, if someone chooses to buy $10 worth of Bitcoin and experiences fluctuations or losses, they should be prepared to accept what's the possible consequences of their decisions.

Learning is not a waste, no knowledge is waste. Investment can be useless when their is no knowledge.  I take knowledge as very important because everything about investing is all about knowledge. Knowledge is the first thing for someone to have have,  then money us the last thing that is needed. If money comes first before knowledge their won't be positive results in investment.  I don't even see why one would have knowledge about bitcoin and choose not to invest.  Every investor needs knowledge first for successful investment.

I mean that's a good strategy I think the Dollar cost average is a great way to invest for sure since you minimize your risk and have an opportunity to invest most of the time so it wouldn't really matter if the market price is dropping or increasing since your investing every month. I mean having the knowledge on cryptocurrency and Bitcoin is surely necessary if you really want to invest in it, if you doesnt have the knowledge yet you cant really invest in Bitcoin and you might just end up losing your investment at that point so for sure having the knowledge is necessary. But I completely agree that knowledge is not complete if you not really going to invest since all of your knowledge is just gonna be a waste if you not really going to use it and start investing in cryptocurrency.

You have a great strategy already just make sure to not depend on the profits in cryptocurrency since it's not a sustainable income overall I mean yes you could pretty much earn a good amount of income here in cryptocurrency for sure but it wasn't really something that you could use as a main source of income because it is still a very risky investment because of the volatile market price if you're going to use it as your main income your just gonna end up selling your investment at a wrong market price, so make sure to have enough savings first so that you could still survive without your cryptocurrency investments, in my experience that is the trick so that you could easily HODL your cryptocurrency in long term.

I've seen some people claim that all their assets are in bitcoin, they don't trust banks, don't hold fiat, and I think that's a bad idea. It's not something to brag about and it doesn't make us stand out from anyone else. You're right, if they put all their income into bitcoin and don't have any savings or fiat for emergencies and daily needs. They will soon regret that bad plan. Whether we like it or not, fiat money is still the world's main currency, we will not be able to live without it.

One of the reasons why starting a new investment from a small amount is because, as a newcomer to the investment, it is not advised to rush and start accumulating, whether you already have knowledge of the investment or not, but since you have not invested before, you can be skeptical about what you are trying to do if it will give you what you are expecting or not. I use the word TRY because Bitcoin investment is not 100% guaranteed.
Some of the reasons why starting an investment from small, is just that we can tell ourselves when we have $50k, that's when we will start investing or accumulate more coins and, sometimes, even if we have the $50k, we can still end up not investing. Starting an investment from a small amount is also not a good idea.

Your strong and unwavering encouragement for the general public to make some savings even just $10 for investment in Bitcoin underscores your firm belief in Bitcoin's potential to positively impact the financial future of these individuals. I am also one of those who follow your investment guidance, taking full responsibility of this choice. I am fully aware that results of these decision are most likely to yield significant profits in the long term, but it is equally possible that outcome to go in a different direction.

That's the main point. This line goes against the thread title, and I am okay with that. I have learned many things out of curiosity. I have learned a little bit of video editing, a little bit of photo editing, CSS, HTML and many more things that I don't do these days. Does it mean my learnings are a waste of time? I don't think so because these things help me personally.

When it comes to Bitcoin, I have to learn first before I invest. The reason is apparent. If I don't learn about Bitcoin and start investing in it slowly but surely, I will be disappointed in Bitcoin when I see the market crashing.

It is more beneficial to us when we learn first before we invest. This help us to be very conscious about making decisions that will help is grow well in making appropriate decisions that would be very effective to us. We need to be learning because we don't know when we are going to need such knowledge and the kind of greater benefits it's going to give us. Bitcoin investment need a lot of constant learn to help us make effective decisions that would bring more profits to us. There are people that are always looking for new means to scam people but if we have a good knowledge in cryptocurrency, we can defend ourselves from scammers.

I think about the case of being scammed or fallen in the hands of scammers are people who are too desperate about making money online, they always want to utilize all single opportunity they comes across online which to me isn't proper most at times we should see some of those opportunities that looks so real to be fake. Money or profit doesn't comes that way it takes time to rise and with much knowledge invested in making research it would be very hard for someone to cheaply fall into the hands of scammers, so we should reduced too much pressure of utilizing every single opportunities, so it's the knowledge that gives guides on how to become a successful bitcoin investor or a strong holder.

DCA does reduce risk, but is there a "no risk" scenario in this economic puppet show? Reading between the large players' movements, the hidden decisions made in dimly lit rooms that change the market's rhythm, is deeper understanding.

Even with your cryptocurrency and Bitcoin understanding, you're a small fish in a big, uncertain sea. Its not about knowledge only; its about understanding the undercurrents that move this ocean.

Its wise not to rely on crypto profit. You think they want you to succeed? You think you have the map, but the fluctuating market is an unholy place. There are much more losers than winners in this game. Cryptocurrency, Bitcoin, yes, exciting and new, but they come with significant risks.

I am not even really opposed to what you are saying, Y3shot, because in theory what you are saying is correct.  However, what you are saying seems a bit patronizing because if we are dealing with adults rather than children, we have to presume some level of knowledge already exists with everyone. there are basic ideas about how much money is coming in versus what are the expenses and whether any money is left.  

Sure, young people probably need to spend a lot of time learning how to manage their money and figuring out how to invest, and what to invest in... but some of the learning comes from putting already existing knowledge to practice and learning along the way, rather than presuming that a lot of big and important things need to be learned about "the secrets of bitcoin" prior to our ability to start to take a stake into it.

The fact of the matter is that bitcoin is complicated as fuck when you come down to it, and so there is ONLY so much that each of us are going to know, so in order to develop an investment thesis, there are not necessarily needs to know everything from the start.


From the context of your post Asuspawer09, I can see that you are talking about bitcoin, so why do you feel some kind of need to substitute the word "cryptocurrency?"  

Are you trying to sound smarter?

Do you believe that strategies in regards to bitcoin are equally applicable to shitcoins? or various distracting and scammy shitcoin projects?

Your conscious and several times use of the term "cryptocurrency" seems to show that you have some reluctance in your own abilities to focus on bitcoin.. because you seem to think that there is something more broad that is going on and being contributed to bitcoin by the various affinity scam projects in the shitcoin space in which you are also giving legitimacy to that crap by using the word crypto rather than focusing on bitcoin in the way that you chose to respond to Ruttoshi.

Actually your several times use of the term cryptocurrency rather than using the word bitcoin (if that might have been what you were talking about?), converted a potentially otherwise good post into "gobble-dee-gook."

What I mean, in that statement of making bitcoin to be part of my life means that I will always have a bitcoin investment even at old age. There will be no time that I will not be holding bitcoin, just like the way that we must need fiat to survive because it is a necessity. Bitcoin is not a necessity but it is worth holding and to be pass on to our heirs. This was why you guys are getting my point wrong, I wouldn't only have bitcoin as my investment but I will also have other investment around the corner, so that I don't end up shattering my  will.

 Emergency funds and other funds for up keeping must be among the budget for me to be able to stay off from touching my bitcoin investment portfolio.

Not all cryptocurrency can survive the long term and is worth holding except only bitcoin, because of its great potential, which we have seen from history. Most cryptocurrency are shitcoin and they can mess with your funds, and you will run at great loss just like what @JJG said, be used to the word bitcoin and not crypto, and let's be specific.

Sometimes we don't have to blame them or actually look at what they says because i sense they are trying to come up and with time they could get used with the word "Bitcoin" some people places cryptocurrency to bitcoin. Yes this is true initially at my early age or stage when I had little knowledge and joining the forum recently I never knew there are two seperate words for both but to me then was using cryptocurrencies to classified them both but i strongly believed with time and also as they gets involved with your discussion they would get corrected. That is why you are a boss over here so i believe following your ways isn't bad and that is where you plays your roles as a teacher and mentor who is to correct those people that doesn't have broad knowledge towards the industry.

I agree but this also applies to all kinds of investment.

No matter how knowledgeable you are on a certain topic, if you lack the necessary application of using those information and knowledge, then nothing would come into fruition. For example, you may be knowledgeable about all the intrinsic and extrinsic factors affecting the price of BTC and you were also able to accurately forecast its price but if you fail to take any action to take advantage of such knowledge, then nothing would definitely happen.

This is where theories are being used as methodologies in actual experiments. Without actually trying and applying what you have learned, nothing would come out and sprout from the root of all of the knowledge you have learned.

In any investment, you should always have your contingencies in case it fails or not up to your expectations.
This is why, people are diversifying their investment portfolio to mitigate possible losses to any of their investment.
And I can agree with what the OP is doing, if you are already in this market, why not invest some especially with the top coin?
If you have done your job, studying the risks involved and you are all prepared, there's nothing wrong about buying some just to get the feel of it.
You would know what to do when you are already in the situation. If you lost some, treat it as a learning experience and see where you got it wrong.

And on the time that you do see that you do make money if you have invested, then you would really be ending up on banging up your head into the wall on why you had missed out or didnt tend to take actions basing up with those analysis of yours which turns out to be true. Just like been said by others above that there's no such thing about risk free on this world no matter how good you are on dealing with something then losing money would  really be just that so inevitable but on the time that you do able to have a good grasps within this market then most likely you would really be able to make yourself sustain and would  really be able to make yourself survive despite of being random and unpredictable.
Knowledge in overall which it isnt limited on Bitcoin would really be always relevant on which not taking any action despite of being wary about the situation or condition would really be just that a waste because
you wont really be making money if you do let yourself sitting idle or would really be just that simply taking no action which it would be resulting on having no gains at all.
It would be really just that normal that you would really be going into the situation when you are still newbie on which information would really be that lacking or something that you had
put up into your mind with those bad ideas on which you would really be that able to change it out later on, on the time that you do able to read up those right informations
which are supposed to be read up and those past knowledge or information that you had read up will eventually be changed up directly.

Absolutely correct, it is essential to develop comprehensive understanding about Bitcoin, its historical price trends and patterns on longer timeframes like weekly or even monthly intervals, before venturing into Bitcoin investment. It can exhibit extreme volatility on occasions and newcomers can get disheartened by substantial price drops, sometimes to the extent of 80% or even more during the bear market cycle that can last for years. Exercising patience and emotional control during such bearish phases is crucial for securing remarkable profits in the long run.

It's true, annoyed, bored and happy are always mixed up when entering this world of trading. So, what is needed now is to be good at reading the direction of where the market is going and of course with a careful mindset and studying the factors that influence volatility because prices can rise quickly and fall in an instant. Yes. We know that BTC is an investment instrument with a long-term strategic pattern if you want maximum returns.

It's a misuse of the term diversification, and that is how people get sucked into shitcoins because it is meant to sound like it is normal to diversify into shitcoins - merely because you don't know what is bitcoin and you cannot tell the difference between what is bitcoin and what are shitcoins.

The real idea of smart diversification goes into different kinds of asset classes rather than in the same asset class, and yeah sure if you are dumb and don't know what is bitcoin, then you will be led into false regarding various possibilities of various shitcoins.

Now in terms of gambling rather than investing, then diversifying might make some sense.  Diversify some of your gambling items, but OP has already stated several times that he is not gambling, he is investing and he is doing it for the long term, not the short term, so it does not really make any sense to diversify for the mere sake of it.. especially since you don't even seem to understand the concept of diversification very well.

Another aspect of diversification that can screw up your investment is when you end up diluting, and it could be the case that new investors should not be diluting their investment, and there may well not be any need to add additional assets until maybe your investment portfolio (potentially ONLY starting with bitcoin and cash) gets to be a certain size.. perhaps 20% to 50% of your annual salary, or maybe even a larger number.. which may well depend also on how much discretionary income a person might have.  There are a lot of people who ONLY are able to invest 10% of their annual salary at most, and so at that pace it would take them 10 years to get to a point in which they have invested a whole year's salary, so then it may well depend on how well their investments performed to be able to see if they have more than a whole years worth of income (or living expenses) in their investment portfolio. ..

The mere fact that some people are ONLY able to invest small amounts seems to justify a whole hell of a lot less diversification rather than fucking around with diluting the small amounts that they are actually able to invest (or save).  


Again pushing shitcoins.. Merely because they are at the top does not necessarily convert them into either an investment or within a category that is even close to as good as bitcoin.. so then a question becomes why waste your time, energy and/or money on such distractions?


Fuck shitcoins.. there is no need to practice with them without having a better investment thesis than diversification for the sake of it or they happen to be in the top coins or dumb shit like that.  When investing into shitcoins as contrasted with bitcoin there are more reasons to have to look into the overwhelming crap that is out there trying to act like they are either equal to or better than bitcoin.. so the best is to start out with bitcoin first and no need to study very many details and just get the fuck started with bitcoin and learn along the way... if you are going to fuck around with other coins and or projects, you are going to need to do your homework first because an overwhelming majority are pure nonsense and in need of babysitting and/or getting in and out rather than just buying and forgetting about it for 10 years (which way closer to the case with bitcoin.. being able to invest and forget about it).

I agree, I did this many years ago but I agree with it as well. I feel like it's obvious that we are not doing anything that would be smart to handle all these kind of stuff, it just doesn't make sense to handle it any differently. I really hope that people could make it change a bit more and we could see some changes on the long term, but for the time being I believe that we are going to end up with a result that would be a lot better if we follow where our heart takes us.

Bitcoin is an amazing asset and having some of it couldn't hurt you if the money you are putting in is not some money that you will need. Some people put in their salary, that's a wrong move, do not make that type of investments at all.

@JJG, you have a clear point.
Some shitcoins end up being scams sometimes, whether they are the top shitcoins or not. As long as it's a shitcoin, fuck them all.
Although altcoins are not the best to recommend for a new investor, altcoins are more savable than shitcoins and this is a useful link (https://insidebitcoins.com/news/worst-shitcoins-of-2022).

When we talk about a good crypto currency, we should always remember BTC because Bitcoin is the only crypto currency in the market that investors are planning to accumulate.
Shitcoins can never grow above $10K because it is only those that don't know what Bitcoin is all about that put their money on it. The ethereum coin can be more profitable sometimes, but Bitcoin is more profitable when an investor holds it for a long time.

You are right, if you buy shitcoins and forget about most of them for several years, I'm not even talking about 10 years or more, then you can forget not only about this investment but also about your money. I'm talking about this from my own experience because when I learned about Bitcoin and saw how altcoins could rise, and I decided that this was a good way to increase the Bitcoin in my wallet, but I only lost everything I had because I didn't sell, when I could do it.

There are doubts that I will be able to achieve at least any satisfactory result with shitcoins, so I decided not to take any more risks and buy bitcoin, everything ingenious is simple.

Yes' I agree with you, before learning anything one must have knowledge of that subject, otherwise one can never learn those subjects. Because you learn a lot of things over time, and you don't do them, but the fact that you learn them is the greatest thing, and I think it's never a waste of time. Learning a subject will surely be needed one day in the future, and can certainly help you personally in this learning. If you had not learned these things you would never have been able to talk about them in the future if they were discussed in any detail, so this education of yours I think was best and necessary.

The same goes for Bitcoin investing. If I had no idea about Bitcoin, I would never have learned one without taking an education. In that case, I definitely need to learn about Bitcoin and how to invest and know the basics of Bitcoin. Of course, if I'm not well versed in Bitcoin and invest without knowing it, I'll most likely lose my money. And if I invest knowing everything, then surely I can expect profit from Bitcoin in the future, so learn everything first, but experience in everything will increase.

True Op, no knowledge is a waste, and practice is better than theory learning. I like the fact that you were able to shut the voice of fear in your head and buy the bitcoins.

The way the fiat currency is becoming inflated, knowing that there's an alternative is encouraging, even though there are risks attached to it. Personally, i'd rather face those risks that let my value depreciate.

You and I are using the term shitcoin and altcoin differently.  I consider anything that is not bitcoin (that has its own token) to be a shitcoin.. so from my consideration altcoin and shitcoin is the same thing... if you are trying to differentiate between how shitty or not are various shitcoins based on their price performance or some other broadly applicable principles, you are likely just getting yourself into trouble.. ..

So if you actually end up studying and largely understanding the investment thesis for bitcoin, then you can consider the extent to which any shitcoin might be providing some potential value, rathet than being a kind of temporary scam... and so sure, it is possible and even likely that there are some shitcoins that are not directly scamming and are providing some utility, so in that regard, if you waste your time studying that non-sense and you happen to find one or more that is worth putting some value into, then you will still need to temper your investment..

In the end, there is a presumption that shitcoins/altcoins are not providing much or any value or worthy of investment, and so you have to overcome that presumption in order to justify investing into them in any kind of meaningful way beyond short term pumpamentals (which is also a questionable reason to get into a project, but not an unreasonable reason if you have good information and/or confidence regarding short term pumpamentals.. which again is a different reason for getting into such coins as compared with bitcoin's long term investment thesis,  even though sometimes bitcoin will also continue to go through short-term pumping periods).


I don't really disagree with you, but you are not really saying much of anything here.. except that bitcoin is the best because everyone believes it is best, and so sure there might be some truth to that, but bitcoin is best based on the way that it is designed and its various network effects.  Consider Trace Mayer's seven network effects (https://nakamotoinstitute.org/mempool/the-seven-network-effects-of-bitcoin/). 

Also bitcoin is best in part because it would take something in the order of a 10x improvement over BTC for some kind of a coin to take over bitcoin, and for example, some people cannot figure out bitcoin's relationship to gold, and so there are many people who are confused about bitcoin versus gold, but  part of the reason that bitcoin is gaining on gold's market share is because bitcoin is way more than 10x better than gold, and perhaps even in the neighborhood of 1,000x better than gold. So, sure it could take another 50 to 200 years for the market to end up recognizing bitcoin for it's 1,000x better value than gold, and so there are a lot of folks who cannot recognize bitcoin's superiority to gold (including the 1,000x angle), and so some people will end up being more correct than others in terms of their assessment of value but even if we assess value, the timeline could still take a very long time to play out.


I doubt that you are correct on this point.  Shitcoins could outperform bitcoin for a long time.. so I would not count on the fact that shitcoins might not pump and even end up outperforming bitcoin for considerable amounts of time.  I don't know whether such outperformance is going to happen, but I am not going to invest into those shitty scams merely because there are a bunch of dumb twats pumping their nonsense smoke and screen crap, whether we are referring to ethereum or some other shitcoins.  We could even get nation states pumping that nonsense.. so even if they might cause crap to get pumped (just like fiat is pumped and able to retain value) that still does not take away from bitcoin's investment thesis.. so you have to choose whether or not to invest at all in the crap (that could pump higher than bitcoin).

You likely know the expression: "market's can stay irrational longer than you can stay solvent," so it is up to you if you get lured into shitty project because of their pumpening potentials (including various shitcoins), and sure of course, even with bitcoin, you should be figuring out your own position size based on the facts that a lot of weird things can end up happening that cause bitcoin prices to be suppressed lower than expected and for longer than expected.. .You should not be considering that it is inevitable that bitcoin will pump or that shitcoins will not pump.. that seems like a gambling kind of approach if you are not sufficiently/adequately preparing for either direction (and a variety of outcomes, even crazy ones).


It can take a real long time to make up for some of the losses that happen, so when any of us is looking at our investment portfolio, we have to be careful about not losing our principle.  So we should be figuring out ways to establish our various position sizes in such ways that we are not putting our principle at risk.

Yes, I know easier said than done.. but first of all figuring out how much we are going to invest into BTC or other investments, such as 10% of our salary (or some other reasonable amount that allows us to continue to live a reasonable lifestyle). .and then once we have figured out our budget then we have to figure out what to invest into..  If you are a brand new investor, then there does not seem to be anything wrong with putting all or most of your 10% amount into bitcoin until you reach a certain level of 20% to 50% of your annual salary or some other number that you believe to be reasonable and then at some later point, then figure out how to diversify.. and most likely not shitcoins but instead property, equities, commodities, bonds, and cash/cash equivalents... and sure if you cannot resist getting involved in various shitcoins, then restrict your investment into them to no more than 10% of the size of your bitcoin investment.. unless you figure out some angle that is actually good information about some project that you are going to invest into and to go beyond 10% of ther size of your bitcoin investment.

Anyhow, the point is that many times, it does take a long time to build back principle when you end up losing a lot of it (or even all of it) because you got to greedy and/or you failed to limit your position size based on how much risk you were entering into.

People are now more aware than ever when it comes to investing in Bitcoin. Whatever they do, they will try to keep even a small amount of bitcoins in their wallets. Because Bitcoin is not universally accepted by the government, but it is universally accepted by the public. Bitcoin is now going to be the best of all the valuable assets in the world. You have taken a good decision in both cases one is for long term investment you have started using a secure wallet and on the other hand as the market is volatile you have chosen DCA for accumulating bitcoin which can give you a big profit after a long period of time. Since you are also engaged in a job, there will be no obstacle to collect your bitcoins with your house rent ‍so definitely You will get better returns from Bitcoin than others.

Of course, the DCA strategy must be supported by a job or a steady income every month to be able to make regular Bitcoin purchases, and if they don't have a job or a steady income they won't be able to do this.
Bitcoin is the best investment, and I advise those who have a job or a steady monthly income to use DCA within their means after prioritizing essential needs. Because in the long term or in the future the price of Bitcoin will become very expensive and do this as early as possible so you can enjoy a very bright future. And it's also a good idea to have savings designated for reserve funds that you'll use when you need them without touching Bitcoin prematurely.

Knowledge about Bitcoin will be complete only when you can invest in Bitcoin. Even if we get a lot of ideas about Bitcoin or we know a lot about Bitcoin, if we don't invest in Bitcoin, we will not have real experience and if we don't have real experience, our knowledge about it will never be complete. When we invest we will have a real idea about Bitcoin and investing. When we have real experience as well as ideas about Bitcoin, we will understand how long we need to hold this investment or how volatile the market is or how the market can go, and our knowledge about these things will be more mature, thereby making a Bitcoin investor through Bitcoin investment. You can find the difference in your knowledge.

I am saying this from my own experience, before investing in bitcoin I had one idea about bitcoin, and after investing in bitcoin I have a different idea about bitcoin, so a user should invest even if he knows well about bitcoin.

You're right because without investing in Bitcoin, you won't have the complete knowledge of how Bitcoin works because you don't have personal experience with Bitcoin. When I learnt about Bitcoin but I haven't invested, I told myself that when I'll do it, I'll be selling Bitcoin whenever I make profits and reinvest when the maket dips but after investing and saw the stress in that strategy and also the benefits of just holding, I decided it wasn't worth it and I just hold.

Personally experience is needed to completely get the full knowledge of how Bitcoin works so it's better you buy Bitcoin and experienced the feeling of owning Bitcoin. When you owe Bitcoin, you can give a honest review without guessing your review based on others experience.

You are very correct @Patrol69 because investment in Bitcoin is the real application of the knowledge. I remember when I was learning forex trading where I started with demo account (an account loaded with virtual money, not real money). It was very easy making profit and growing the demo account but the moment you decide to go live (trade with real money), the story changes as it turn out it is a different ball game. With real money, reality dawns on you that forex is not that easy and most time one is overwhelmed with losses to the point you begin to think you are under a spell. Those who trade forex can attest to this. So, having knowledge of Bitcoin without actually putting money into it is like this demo trading.... you will never really know the emotional aspect of investing in Bitcoin and how to also gauge your level of greed.

Furthermore, Bitcoin is a very volatile asset.... how will you know the feelings that comes with gaining/loosing 10% of your capital within 24 hours? This is only possible when you commit your funds using the knowledge you have gained. In conclusion, knowledge of Bitcoin is the theory while investing is the practical.


I started with Bitcoin from the angle of usage; I mean using it to make payment only and never saving it as investment. I did this for a while before I realized I could actually be making good money from investing and holding. It will interest you to know that these two  scenarios come with totally different emotions, mindset and approach. While the first part is just knowledge, the second part is investment.

Knowledge is important otherwise you would not start investing in bitcoin.Congratulations for reaching this milestone!
In fact, I always think about every step, especially when it comes to emergency funds. This is important when other needs arise. Emergency funds can be used right away, while Bitcoin, which is the main investment goal, for example, will not be disturbed or sold in the middle of the road.
Now, you need to hold on into it especially that you are capable financially and never sell at a lower price than the highest price you have bought it when you DCA. It could be stressful to watch bitcoin price in a daily basis, but you'll get used to it and it's totally normal to feel worried when bitcoin takes a huge dive and feel excited when it's starts recovering.

The point of this is that we need to take real action not just argue with the theory we have because for theoretical problems everyone can definitely do and learn but when the application is what is difficult as well as in bitcoin. When we know anything and learn from scratch about bitcoin but when we never try to invest no matter how much knowledge we have in the end this will only be like a bland vegetable because we never get the sensation of how when bitcoin gets a crash or get the results of the investment we do.
On the other hand, knowledge about bitcoin if it is not used too it will be a useless thing because those who do that he must have missed a great opportunity in vain.

Obviously, Generally if they just say something that allows them to do it easily but basically they don't do it. So everything they learn without the investment they make seems like a waste because they get no benefit from what they have been looking for all this time. Indeed, many people missed purchasing Bitcoin from previous years and they expressed regret for missing that moment. So those are the words that must be adjusted to their actions, namely learning while investing, they will undoubtedly gain knowledge and profits in the future.

I'm amazed at how many posts are quite useful for me or those who are still beginners. Because there are many quite positive explanations that can be applied in knowledge of how to learn Bitcoin and also invest in Bitcoin. But what they said, they shouldn't miss the moment to apply it to their own investments.

I would say,hold a bit on investing. When you see a very good entry between $15,000-$25,000. Invest what you're willing to loose....or you can start investing slowly

Investing in bitcoin is very safe and helps us to get high profit. Many people have made a lot of money by investing in bitcoin. So if we can use this time and invest for long term it can bring us a lot of profit. But we  Most of the time if we invest bitcoin for small girls then we can't profit. To get more muna we have to invest for long term. Investing bitcoin is profitable very safe.

Bitcoin knowledge isn’t complete without investing. I disagreed with that notion when I initially read the OP. I had felt and still somewhat do that it’s not compulsory to invest in bitcoin for you to have complete knowledge about it. You could still know a lot about bitcoin without necessarily investing your money in it.

But then I can understand when you say knowledge about bitcoin will be complete when we invest. When we invest, we’re able to have a personal experience as well as putting into practice what we’ve already learnt and I guess being practical about it, adds to/complete our knowledge and understanding of what we know about bitcoin.

The purpose of Bitcoin is not to invest...

But investing in Bitcoin allows you to deal with Bitcoin directly, through buying, selling, and transferring to the wallet, and these things will make you get to know Bitcoin more closely.

Yes, of course, if you have all the knowledge about Bitcoin but don't invest and your knowledge is like a waste of time. When you do this thing in practical life then your knowledge is complete, otherwise, your knowledge is incomplete and a waste of time.  :)

I really agree with you if we have learned about Bitcoin and already understand it then it would be better for us to start trying to practice what we have learned maybe because just learning can be started with little capital and if we understand it well then we can invest with the amount we want so that we can make a profit on the investment. I think whatever knowledge we have learned and we have understood it, it would be better for us to try to put it into practice because by trying we can find out whether we have mastered what we have learned well or not. If we haven't mastered it, we can still learn and correct the mistakes we make, but it would be better to have someone accompany us in studying so that we can direct us in a better direction.

The knowledge of bitcoin is important but experience is the best teacher. You can't tell me that you know a lot about bitcoin without investing and see how it feels to hold bitcoin, because it is easy to know but hard to hodli when you haven't undergo the market emotions and sometimes run at loss due to some wrong decisions that you have made. When you have invested in bitcoin, this is when you will be faced with the reality of bitcoin market but when you only have the knowledge, you will think that the market is as easy as just buying and selling, not knowing that there is a strategy to follow. I could remember when I felt that I have understood bitcoin and rushed into investing with no strategy, I ran at great loss because it was my first bitcoin and later on I came up with a buying strategy that made me to know more about the challenges that comes with bitcoin investment. It is just like someone knows the theory of how to swim, and he went to jump inside the ocean, without practising in a swimming pool. This is how bitcoin knowledge and bitcoin investment is, you need to invest to have the experience of what you feel you know about.

Diversification is the next big step that I will need to figure out. Once a certain level of capital is reached, its preservation will be an important issue, and in this case, diversification into less risky investments will be a logical solution.

It seems simple until you actually experience it personally, then you begin to understand that there are many options, and with little capital you want to choose the best one possible, but this is not so simple. I've never dealt with stocks or bonds, I've only had a little experience with real estate, but I'm not sure that's what I'd like to invest in. If we talk about goods, this will most likely imply that I will be doing business, but this is not very interesting to me either. At the moment I have achieved a good standard of living and have begun to value my time, so I would like to spend more time with my family. And Bitcoin looks like a very good investment in this case, I buy Bitcoin and wait for my goals, it doesn’t require much of my time.

I don't know why people feel that knowing only the theory of bitcoin is ok, without investing. Before theory will be written, there must be a practical to prove that is it true and accepted by scientist after which, other scientist must have followed the whole process with observation and conclusion. It is the same with bitcoin, the knowledge that will have about bitcoin was put into practices first before it was written for us to know. If Satoshi and his group, only have the knowledge and didn't practice it for them to have a conclusion on how bitcoin works, we wouldn't be here passing bitcoin knowledge to people and learning.

With all these stated above, anyone without bitcoin investment and claims that he has the knowledge is only like a clock without the minute and hour hand, because you are just there with your knowledge, and you don't know the reality of what is in your head. Bitcoin investment will expand your knowledge on bitcoin and will help you to towards being successful in your bitcoin journey. A man with the knowledge of bitcoin is an ordinary person, but a man that has the knowledge and investment is a bitcoiner, because he says things from experience. Nobody can have all the knowledge of bitcoin in this world, but with the little one that you have, it is enough for you to invest and benefit from what you know. There is much knowledge to gain when you have the experience but little knowledge when you know only the theory.

Correct. We have learned many things in school that we rarely need in real life. But that learning is not wasted. Everyone cannot be a doctor; everyone cannot be an engineer. People learn CRP from medical school. They are not going to be a doctor or a caregiver. But learning CRP is the important thing. You can help people and your family members when needed.

I remember we learned geometrics in school, and I wondered what we would do with these things. I don't need geometric knowledge daily, but sometimes I need to know these things in real life. My point is that nothing is a waste.

I agree with you that real-world experience is crucial for Bitcoin. The theoretical understanding, however, should be respected, imo. Should people who cant afford Bitcoin be excluded from the conversation? As you say, investment is necessary for complete knowledge, but it must also be accessible to everyone.

Theory lays the foundation for practice. Without theory, we're walking blind, and thats where the risk grows. Now, I do believe that real-world experience with Bitcoin investment can provide insights that cant be obtained from textbooks. So, your point about a man with knowledge and investment being a "bitcoiner" does mean something. Its an intriguing viewpoint that investment complements knowledge

investing in bitcoins is not necessarily a need of having lots of money because a chunk from your salary is already enough to buy some little amount just to know how the crypto market works and makes you realize what if you have bought more than that. that's why I'm truly motivated by others who made a fortune out of their nice decision when they leave their bad habits just to buy some bitcoins. they chose the right track by not buying cigarettes or alcohol just to change themselves and also became productive for their families and that paid off well for them because they managed to invest some bitcoins before the great ATH ran a few years ago.

Maybe when you get to a stage in which you are starting to get ready to diversify, it will start to make more sense which place to either start to put value or to lump sum into it.  Surely one of the advantages about bitcoin and dollars (or whatever is your fiat), you can fairly easily get in and out of them, including that you are able to put small amounts at a time. 

Sometimes it can be more complicated with something like investing into property or like a business, but sometimes the property could become logical since you might be living in it as well.. but at the same time, it is not very liquid or moveable.

Sometimes with something like stocks you have to figure out how to open up an account, and you might even have to have a certain amount of value that you have to be able to put into it.. and perhaps that's part of the appeal that a lot of normies have when it comes to getting into shitcoins instead of some more traditional investments, and perhaps some of the shitcoin and bitcoin space might contribute towards making some of the traditional investments more available and easier to get into.. one of the things that people like about something like Robinhood.... but there are becoming more of those kinds of services.. but still 3rd party risk with those kinds of accounts.. and for sure KYC. .yet in my view, there can be some advantages towards having both KYC and non-KYC.. and of course, there are ways in which bitcoiners are continuously trying to figure out more ways for a circular economy in which there are several non-KYC transactional and interaction options.

I've actually heard this word a lot but I've never even done it.
Maybe it's true for most people who have been able to manage their finances well and have enough wealth Disification can be important but on the other hand when it speaks only for myself I still won't do it because my focus is still on the investment that I always run, namely in bitcoin.
Even though according to other people it is good but for capital that can be said to be mediocre like me, I better focus on one field first (bitcoin) as my form of investment.
Forcing diversification with fairly mediocre capital will actually make us dizzy so that when our capital and finances are too minimal, it would be better to focus on just one investment rather than doing it by branching out but the results are not optimal.

You have a good point. Having Bitcoin knowledge is good, but it is more convenient when we also practice the knowledge of Bitcoin that we already know. If I buy Bitcoin today, I will experience a lot, like losing and profiting. It will help me develop and also be more intelligent about Bitcoin.

It is hard to buy Bitcoin, but it is easy to get information about Bitcoin. You can get Bitcoin information either on social media or from someone, but after getting good information about Bitcoin, sometimes it can be very hard to get capital that you can use to start the investment plans, most times, because you already have the knowledge, but the knowledge is not yet enough and BTC price dropped you might be discouraged about the investment but when your knowledge is excessive you can never be discouraged about Bitcoin investment even if Bitcoin is going up or down you just buy and hodl.

I agree. Knowledge is the ultimate currency. Even mightier than Bitcoin. But unfortunately some people do not have the compatible "wallet" to store that kind of "currency". And that is why a lot of these double digit IQ'er prefer fiat over Bitcoin and sooner or later will regret it. In other words some people are not invested in Bitcoin already due to a lack of knowledge rather than imaginary shortcoming of Bitcoin itself. And those kinds of people are currently sitting on their in perpetually in value decreasing fiat money. But eventually everyone no matter how slow, will find a way to Bitcoin.

Everyone will meet Bitcoin one day. I can summarize the situation as follows. For now, the money of those who prefer fiat money to Bitcoin is melting away against inflation every day.

What you say about information is very valuable. Because for a person who cannot buy Bitcoin, knowing about Bitcoin will take him one step forward because he will see what he should invest in and its potential.

Knowledge means power because the knowledgeable one is in the right place. He makes his choices within his knowledge. I'm not saying you won't make mistakes and everything will be perfect, but I'm saying it will be more advantageous than the uninformed.

Yes you are right, theory and practice are two different things but both are a correlated unity. In this crypto world, I think we have to have both because if we only just have one then we may not be able to achieve our goals in crypto world and will not be able to work well.
By investing, this is one way we can complete our knowledge about crypto. Knowledge is a collection of theories and investing is a form of practice. In doing everything, in my opinion if we only understand theory it will not be enough to understand something we do "completely" if we don't do a real implementation or practice.
Someone who only masters knowledge or a theory but cannot utilize or cannot implement the knowledge they have in real practice means they are less able to utilize the knowledge they have fully.

I understand your point but I think the reason for this is also attributed to the fact that they are just ignorant and don't want to involved themselves in something they are not familiar with but how do you know something when you haven't actually tried it out. Most human actually have this mentality in almost every field of their life not only with the case of buying and holding bitcoin. But just what to point out a fact here when it comes to fiat, it actually still important because bitcoin actually can do well without fiat since it's still the major source of money through out.

ignorance is usually the dilemma of most noncrypto users. that is true, how can you understand a specific subject if you are not actually experiencing it? however, a lot are still hesitant to touch this market, so up until now, they are indeed uninformed about this currency. but the problem is, most of these people have negative criticisms towards this market without any basis at all.

Indeed, alongside hands on experience, having a through understanding of Bitcoin, block chain technology and market dynamics is indeed important for making an informed investment decision. understanding these fundamentals allows investors to assess the potential of its technology and its long-term prospects. Additionally, adopting various strategies such as Dollar Cost Averaging (DCA), analyzing historical price patterns and utilizing technical indicators all play important roles in managing and optimizing the cost of investment.

Everyone, indeed everyone, will cross paths with Bitcoin one day. Your perspective is great, in a world where fiat money is losing its value, Bitcoin is every hope. It is indeed a shield against the relentless inflation that decreasing the value of hard-earned money

The importance of information cannot be overstressed. Those who cant buy Bitcoin now, they should at least arm themselves with knowledge about it. Knowledge about Bitcoin's potential can prepare one for future investments. Knowledge is not just power, it is a light that illuminates the path in the dense forest of financial choices

But yes, having knowledge doesnt mean one will not make mistakes, but it indeed places one in a more advantageous position than the uninformed. Your insight is a contribution to the information pool and will surely help many in making informed decisions. Cheers to a future where everyone will know and perhaps own a bit of Bitcoin

you have been trusting bank for your monthly money , and now that you have read and understand bitcoin yet you are still having second thoughts?

so what have you learned from your stay here in bitcointalk?


trust crypto specially for long term than trusting bank that gives you so cheap income for years of holding.

but also you have read here in forum that only invest the amount you can afford to lose right?

but since those are only the amount coming from the rent and you have your own money to support your family living , then its good that all those income will be invested specially now that we are closing Bull market.

I agree, know investment that is safe than Bitcoin accept you don't have knowledge on it, is not like another platform that you will put your fund and crash, and run with your money is the best investment you don't have to worry about it, Bitcoin investment just need patience and you will get huge profit when you keep it for a long term, is good you have a source of income you won't depend on your house rent you make a good decision then not leaving the money in bank, It is better that you invest in it to double your profit because the market is volatile and the price fluctuates You will not be concerned about your investment, because you have a source of income already, Since Bitcoin is not governed by any government it is safe because they have no authority over it.

One of the greatest things about bitcoin is that you do not need to get a lot of capital in order to be able to invest into bitcoin.. You can invest as low as $10 per week or maybe even lower than that.. but surely you should be trying to invest as much as you are able to, especially if your amounts are so small.

Surely, you have to be able to get some level of discretionary income, and that is the amount of income that you have left after you pay your monthly expenses.   So if you never have any money that is beyond the level of your monthly expenses, then you are kind of fucked in terms of being able to invest into bitcoin and you might have to either work towards increasing your income and/or lowering your expenses, or perhaps resolving yourself to the fact that you are not going to be able to invest into bitcoin.

When it comes to investing into bitcoin, people with more discretionary income are advantaged over people with less discretionary income - however, even people with low levels of discretionary income can end up passing up people with higher levels of discretionary income because they choose to invest into bitcoin and an overwhelming majority (something like 99% of the worlds population) is not even investing into bitcoin, so there are a lot of people over which any of us can get advantage when we are investing into bitcoin and they are either not investing or they are going to start investing into bitcoin at a much later date than some of us earlier adopters.. and even starting out now, you are not too late.

I agree with you, bitcoin investment don't need a huge capital, because it is not real estate or gold investment that needs one that is not rich to keep saving for sometime before he can buy. Like @JJG said, 10% of your income is cool to invest in bitcoin, as long as you know that it is worth it.

Anyway, I wouldn't blame those that haven't invested yet but have the knowledge of bitcoin, because having the knowledge of bitcoin doesn't mean that you have the knowledge of investing. Bitcoin knowledge and the knowledge of investing are two different things, let me take it as an excuse.

I want to use myself as an example, I am not earning big, but I took advantage of some financial opportunities that came my way and used the money to invest in bitcoin because I have already made up my mind that I will use 10% for monthly DCA, which wouldn't be a problem to the monthly income I get. I have a job with low income that I was to take care of myself but as time passes by and inflation kept increasing, I saw that my income will be a mess if I continue in earning this way.

 I decided to switch into a part time job, so that I can control my own time. I has two part time jobs that the pay was 2x my previous one, and this made me had more than enough to save because I was still feeding the normal way. When I got to the forum, and decided to start my bitcoin journey, I looked for a third job, which made it more easier for me to have enough emergency cash and my up keeping funds. This way it became easier for me to invest and still keep accumulating without stress.

It is only when one don't have an income that he won't be able to invest in bitcoin the only digital gold. I was couping with my full time job then because I do collect my rent annually.

What makes us think that Bitcoin can't have more than one purposes? It can be used as a payment method when possible since it provides seamless and decentralized payments and it can also be used as an investment asset since it is volatile and can provide significant profits on investments.

A person should learn everything about Bitcoin and the market before getting involved financially. After making investments, you might earn experience but to be able to do that in a good manner, you need knowledge beforehand.

Even as that you still need a resrved fund that will keep you at least for months if it happens that for some while those job are no longer paying you wouldn't be that ten's to start dipping hands into your investment without securing a newer job or got another part time job as we may see it, bitcoin investment or DCA are always good to go when you have additional savings in form of cash or could usdt or any other cryptocurrency you could sell for back up without dipping hands touch your major investment.

However, investment that doesn't have a sound knowledge often end up with regret because you didn't know what you are venturing into, believe take it or you leave there were people at the earliest stage of bitcoin who didn't know what it may result didn't go into it because no sound knowledge or lemme say a basic and a futuristic understanding to know what the future of bitcoin may holds. If they had the knowledge then people would had finished it at the initial time of launch or at the beginning stages when it was less than a dollar.

Ok, I understand what you are saying, capital is the most important thing to start an investment or either business and I believe that without any job there is no where a capital that will be used for investment will come from.
So even if someone is planning to invest a total amount of $10 per week and does not have a job, that plans are waste plans, but if the person have a job he can invest with $10 or even lower amount per week.
I get your point, expenses can hinder an investor from investing in Bitcoin, the thing there is that as long as an investor is having too much expenses and he is not meeting up he's investment plans for the week or for the month, he should just look for another job or reduce the expenses for the week so that he can meet up his plans to accumulate more coins.
You are correct, yes I am not too late to join the investment because I already know that no body is too late to invest in Bitcoin, now that Bitcoin is in a stable price, I believe i can buy the little I can when I have the money to buy them.

Yearly payments can be a bit of a strange arrangement.. and perhaps a bit more difficult to manage if you might be considering ways that you invest it and you likely have various kinds of monthly expenses, and sometimes there could be some practicality to manage the spending of the rent over a year.. but that could still get us into questions of the value of lump sum investing versus DCA versus buying on dips.. and the once a year payment could end up getting divided into all three categories.. of course, within your discretion and within your own particular circumstances that include considerations of anticipated BTC price movements and also considering how many BTC (or satoshis) you had already accumulated.

It can be a bit more challenging and even in needs of creativity when managing such low frequency cashflows ... ..

Do you like it like that set up?   Are you in any kind of a position to change the set up? 

Might there be a way to try to set it up with more frequency, such as twice a year?

I know sometimes if you are receiving payments once a year, then you are probably being paid in advance.. but I suppose a contract (or custom) could be written (carried out) either way... and another thing if there is a kind of standard in the area that everyone likes to follow, then it might become more difficult to change such custom practices.


Sometimes people buy bitcoin because they believe that the price will go up and then so they are using money that they actually need to pay their expenses, but if the BTC price goes up, then they can pay some (or all) of those expense from their bitcoin investment.

I personally believe that it is risky to be investing money into bitcoin that you are going to need in the next 4 years or so.  In other words, it seems to me to be a better practice to invest into bitcoin with money that you do not need, and maybe you will not need that money for 4-10 years.. and maybe you keep investing small amounts with new money, and so 4-10 years later you can look at how your investment has been building, and some of the money that you put in will have been older money and some will have been newer money, and hopefully over the years you are able to increase your small investment amount (such as $10 per week) to be larger and larger amounts, such as $100 or more per week....

Yet no matter how much you invest into bitcoin, whether small amounts or larger amounts, you should be able to get advantages from allowing that build 4-10 years or longer.. but maybe even putting aside such small amounts on a regular and ongoing basis that you may well not really notice it, even if it takes a long time to build up.  ..... $10 per week seems like a really small amount, but over 10 years, you end up investing $5,200.. and if you are able to do $100 per week, then over 10 years you have invested $52k.. which surely adds up to a decent amount of money invested...even if the dollar is likely to continue to go down in value more and more and the dollar may well ONLY be worth less than half as much as it is currently after 10 more years of being debased (and irresponsible policies in regards to being able to preserve its value).

From my childhood I read that there is no end to learning, we all have to learn step by step and as long as people live, people keep learning. If I think that I know everything about a particular subject by reading a book or by any other means, then we are wrong, we have to apply what we know about the subject to see what we read. A person gets some idea about Bitcoin in different ways, if he thinks he knows everything about Bitcoin then he is still living in a fool's world. Just like after studying for a whole year we have to pass the next class by taking the end of the year exam, just by studying for one year we cannot pass the next class. Throughout the year we considered learning about Bitcoin and the exam at the end of the year we considered as an investment, that is, we must also invest in Bitcoin to prove how much we know how to invest.

Like it or not, up to now, bitcoin has truly become an asset, an investment rather than a currency. We need to accept that change and adapt to it. We can't just stick to the original notion that Satoshi created bitcoin just to be a peer-to-peer currency and refuse to adapt when things are changing in the other direction.

Furthermore, as you said, bitcoin can be used for many purposes, and that is what makes bitcoin superior, why don't we make the most of that to bring more benefits to ours? For me, bitcoin is an investment and can also be a currency...depending on the situation we will use it accordingly.

To become a currency bitcoin needs more adoption, and to have more adoption we need more people understanding why bitcoin is unique and can actually change lives, and in a certain way if the price keeps going up because less people are willing to sell, more people will talk about bitcoin and will also become interested in it. Being an asset it could just be part of the process at the end.

But see how new people come in by booking a table and trying to gobble up all the Bitcoin knowledge.
They think everything can be done instantly and get immediate profits.

A process never disappoints, and neither does an investment built from scratch with full knowledge of Bitcoin.

This is a Bitcoin journey. Let's see how old Bitcoin is today, yups still 14 years old,
and even at a young age bitcoin has made a big impact on the world and decentralized digital currencies can make significant changes.

Although the main purpose is as a currency or as a means of payment, it depends on the regulation of each government.
We can't force it, but as adoption continues, the future of Bitcoin will certainly be different and more needed than it is now.

Bitcoin is unique, so there are still many people who don't believe in it as a good investment tool, but that's okay, they will believe in it if there are people around them who become successful from investing in Bitcoin, so that in the future those who don't believe in it will certainly follow in the footsteps of investing in Bitcoin to gain profits and of course can be used as a means of payment in certain situations. On the other hand, what is no less interesting is the younger generation as the next generation to support the development of Bitcoin

if you don't invest right away learning about Bitcoin is really helpful. Planning ahead and being patient are essential when the time comes, your knowledge will protect your money. Prioritize learning because jumping into Bitcoin without sufficient understanding can cause loss of money and regret. Investment in Bitcoin should be preceded by education, it is an essential base. And I am on a BTC trip as well, having cash on hand for emergencies is essential because market volatility might affect your capacity to assist others. In my opinion before investing in Bitcoin, decide on your expected profit and the length of time you will retain it.

But if we don't have complete knowledge about bitcoin, how will planning take place? With just a little knowledge about bitcoin, how can we know how unpredictable its volatility is, or how to distinguish which is the safest wallet to store bitcoin...? When we do any job, do business or invest in any field, having complete knowledge from the beginning will always be a huge advantage. Don't wait until you lose money to improve your knowledge.

If I where there OP, I would say that having Bitcoin would booast your knowledge about BTC. it's like doing a course in school and then doing the practicals, the practicals will help your knowledge of that particular course. So, gaining knowledge is good, but putting it to practice is very important as well. I am sure that is what the OP is trying to say.

You don't have to invest right away when you get introduced to Bitcoin, investing into something that you don't understand isn't the right way to make investment. You have to spend some time to learn about Bitcoin very well so you can understand the advantages and disadvantages to help you understand what you're investing into and how to protect your investment so they don't get stolen by scammers who are many in this industry, don't rush investing into Bitcoin.

Having cash at hand is also a good as it'll make you not to sell your Bitcoin for cash if you had an emergency, the emergency cash you had will be used and this will help you to keep holding your bitcoin and make you more profits when the bull market comes and pumps the price of Bitcoin.

Furthermore, I still believe that for bitcoin to become a currency, it requires the approval and consent of the government, bitcoin cannot become a currency without their consent. We can use bitcoin as currency even if the government has not recognized it but for businesses and companies it is not possible if the government has not recognized it. Overall, the future is unpredictable but bitcoin's path to becoming a currency will be more difficult than its recognition as an asset.


Let's hope for more significant changes to bitcoin in the future, but for now, we need to accept and adapt that bitcoin is a valuable asset rather than a currency.

As a valuable digital asset to be precise,
we can only hope that Bitcoin reaches a new ATH next year after the Halving and this will be a new historical peak for Bitcoin.

And the effect on the future of Bitcoin will certainly be better,
given that the more popular bitcoin becomes there may be other adoptions made.

Not too hopeful as a currency,
currently more hopeful to enjoy the fluctuating price of bitcoin that can generate profits or just as a speculative asset.

Bitcoin has become a very serious asset to own so learning to know about Bitcoin must also be more serious so that we can understand it well enough quickly. Moreover, currently investing in Bitcoin has become very important for everyone who already understands the concept of Bitcoin so that holding it for a long period for the purpose of profit is something that is not wrong because Bitcoin has provided more evidence through the past for many people who have long believed in him.

If you want to hold Bitcoin for the long term, it is better to determine how much you can afford to buy during a downturn or when you have money from your paycheck or from the work you do. Because setting aside money to buy Bitcoin gradually will always be good for ourselves, although in the end we also have to determine how much profit we want when we already have more Bitcoin in our wallet. And for emergency situations, I think this is something that is very common among everyone so it has been thought about from the start or before people start investing in Bitcoin.

Everyone must hear your urgent message. There's a catch: despite all the warnings, people still fall for quick profits. They hear about people making money and leap in without thinking.

You're exactly right. People should take their sweet time to learn, learn, and learn some more. Understand Bitcoin, its ups and downs, and market movements. Unprepared people often get eaten up in the wild world. Having emergency funds is similar. Having a cash cushion is always wise. What's the pseudo-issue? Information overload. The internet is full of materials, making it difficult to navigate. The problem is minor in the big picture. Knowledge empowers, friends

Before investing in Bitcoin it is essential that we first learn about Bitcoin. Investing in Bitcoin without education can kill you any time. Before investing you must understand all the factors and then invest. Those who have got idea about Bitcoin they should be prepared to invest right now because it can turn bullish anytime. Of course, long-term planning is also important before investing because none of us can accurately predict when Bitcoin will be bullish again. But for those who are investors want to reiterate your mentioned statement that Bitcoin holding is a very difficult for long term investment which cannot be held for a long time. So keeping some cash on hand is a very important thing that cannot be neglected.

That's not true, in our daily life, we are bound to learn as we interact and  mingle with people, coming accross Bitcoin and having the knowledge and not investing is not a complere waste, you might not be interested today but tomorrow you pick interest,some persons even introduce and teach others what they are not doing or maybe financial challenge or another .
     It takes courage to invest in Bitcoin, some are scared of losing and does not  want  to risk their money, savings or even patience to allow their  investment get to the peak, for it is not  a risk free investment
     It's Al about your mindset not knowing that life is all about risk,if your financial investment is not backed by an asset or cash flow it could end up being worth nothing.

It is a great plan if you ask me especially if 10% of your income will not put you under pressure financially. Hope you have also factored in what your cashflow is and how long it will take you to achieve your targets? Furthermore, what is your reason for waiting for your investment to reach $1000 before transferring to cold wallet? Are you storing your funds in exchange at the moment?  If you can address these concerns, then you are on the right track.

I can still put it to you that having knowledge of Bitcoin without investing renders the knowledge incomplete. It is only someone who have invested in Bitcoin that can tell you in practical terms, what it takes to be a hodler because it comes with strong mindset and courage to hodl both in time of downturn or in time of huge profits. Your reference of people who teach other what they are not doing is really funny and amount to a case of "do as I say, but not what I do"... very weak argument! Those being mentored under this premise will be lost because when reality dawns on them, there will be no help.

Going to war without training and investing without education about investing are both dangerous. An untrained soldier is terrible for his team on the battlefield because he doesn't have enough knowledge to know what to do on the battlefield whereas a person who has no idea about investing will surely kill his money if he invests. Before investing, first of all it is necessary for an investor to acquire sufficient knowledge about investments. Investments must be planned for the long term. I always believe that if one invests with a long term investment plan then one will be more successful and I believe in holding the investment and not selling the profit. So invest and hold the investment for a long time hope success catches up with you.

Your analogy is not completely bad Patrol69, but it still seems to be a bit off.

Hopefully no one is investing in bitcoin (or anything else) with 100% of his/her available money in order that s/he will die or suffer irreversible damages financially and/or psychologically.

With investing, there are ways to take position sizes and also a variety of ways to employ incremental approaches in terms of accumulating a position size that will likely play out better than making BIG bets, and I guess my objection to your analogy is that there can be a lot of ways to play /invest in bitcoin conservatively and still come out on top, including that you might not need to know very much at all.  There are folks who could have had gotten involved in bitcoin and invested $10 per week over the past 9 years with an investment of about $4,700 and currently they would be sitting on right around 3.8 BTC (https://dcabtc.com?sd=2014-10-15&sda=9_years&f=weekly&d=9_years&ac=1000&c=true).  Of course if they had invested 10x as much they would have 10x the returns too, but in either of the cases, the person might not need a whole hell of a lot of knowledge about bitcoin in order to take a BTC accumulation approach that could still end up profiting him/her stupendously without knowing a whole hell of a lot.

Of course you made a pretty reasonable statement, and I would probably say for anyone who invests without bringing any fishing gear (knowledge) as a provision for them to get a profit then surely they will end up badly, I mean usually if you start something carelessly and without preparation then surely the final result will never be expected (loss). Especially in terms of investment which as we know the risks that are there are very large, so maybe it would be quite stupid if you came without any preparation or knowledge, as you said it would just be a waste of money and time. Usually people who come without any knowledge and don't want to learn are those who are very ambitious to make big profits, they see the success of some people out there who can consistently make big profits.

Learning becomes something very important in any field you want to enter, especially in investing where the risks are very large, nothing but good knowledge and planning will lead you to the benefits you always expect and also on the other hand you will be able to minimize the level of risk that is there with the knowledge you have from learning. So if you really want to become a successful investor then you have to prepare a lot of things, money, time to learn and also a strong mentality is needed.

Learning about bitcoin alone is already an investment because we don't do it for free. Those times we sacrifice, which could have been used for other things, were invested in learning about bitcoin, which I don't see as a wasted resource. I consider that time as something that was put to good use and could also be considered an investment.
 
If I don't have money to invest in bitcoin yet, that doesn't make my knowledge a waste. I can still continue to learn more about the currency until I can raise money to start my holding journey, but with the things that I'm able to learn about it, I can still use that knowledge to earn bitcoin without physically investing money in it, which is also one way that the information gotten from bitcoin can be put to good use. There are a lot of ways to actually earn bitcoin; all one needs is to have the knowledge, which is a good starting point, and capital to buy and start holding, which is what follows.

Learning gives you some sort of understanding about bitcoin and how it had changed over time. To know the real thing happening it is a must to experiment and through the experience we'll understand better about it. When we invest, we'll understand what we heard and what really happens. There are users who heard of the negative about bitcoin and stay away from it. Maybe if they had used it, this could've helped them realise it better.

Some used to exaggerate things to make people prioritise it. While using we'll know what is the reality and we'll get better understanding to take decisions than finding solutions through third person. When we see things happening good it keeps us on the positive side and increase the interest to spend more time as well as increase the investment.

They really could suffer irreversible financial and psychological damage if they lose what they should've saved for their children's inheritance. That's the juncture which gets ppl confused because they aren't financial experts. They don't understand investing risks so don't know when to stop. Some ppl get carried away so they'll invest all of their incomes & savings by following their heart or social media influencing crowds.

It even sounds so funny for someone to have knowledge about bitcoin and don't have bitcoin,  what will be the use of the knowledge,  what is the person tell others when he/she talks about bitcoin to people, I think such person won't be taking serious because it doesn't make any sense knowing bitcoin but no bitcoin to show. Life is all about practicing what you preach, having bitcoin will bring about more knowledge about the market and the security aspects of bitcoin.

Bitcoin is real and not just literature people can only read , reading it as literature and without owing it is not of any value.  We need bitcoin to tell people about it for them to believe what bitcoin is really is .

@Ruttoshi, I think I agree with you on this, studying about something that involve about you reading about the thing on various places, thread and white paper of that particular thing, those information will enlighten our knowledge about that thing but what will make it more understandable is if we can put those knowledge into practice that’s getting our self involve in how those things works for better understanding which can make us when passing the knowledge to others we can do it base on experience.

Buying bitcoin checking how the transaction works, how the price moves and how secured it appears to be will really make the knowledge compete, I quite agree with you on this OP, there are also more things which we can actually learn from partaking on the investment part of bitcoin which we can’t just get those knowledge by reading through books.

Just because some people over do it, does not mean that a lot of people should not be getting started investing into bitcoin, even if they take a real small proportion of their income and/or their investment portfolio.

sometimes people can get confused by all or nothing ideas, and surely there are not too many people who are going to be in a position to go 100% into bitcoin, unless maybe they are earning in bitcoin so they just convert to dollars whenever they need to buy something, but an overwhelming majority of people problably should be keeping most of their money in dollars.. at least the part to cover their expenses, and then the BIGGER questions would end up revolving around allocation size into bitcoin that will depend on personal circumstances, whether they are able to do 1% to 25% of their income might depend on how much are their monthly expenses, so if a person is able to cover all monthly expenses with 75% of their income and even retain some emergency funds that cover 3-6 months of their expenses in cash, then maybe they would then be able to invest up to 25% into bitcoin.. but surely most people even have trouble saving and/or investing 10% of their income, even historically, that was the rate that I always tried to do for myself even during my lowewr income earning years.

We need to understand the subject we read about. Memorization will not stay in your knowledge for long but when you can understand something you will remember it for the rest of your life. If we learn investing by heart and don't put it into practice, after a few months we'll find that we've forgotten everything we learned about investing by heart. I always follow the principle that I will learn less every day but never forget the amount I learn. There is no point in laboriously memorizing everything about investing in a day if we can't put that knowledge to work. Let's acquire a little idea about investing and invest in Bitcoin with that idea, when the idea matches our investment style, we should know that our knowledge is fully acquired. Even if we acquire little knowledge, we have to use that knowledge. If every day we get a little idea about investment and make that idea into reality, then one day we will see that we have got a complete idea about investment.

To know about Bitcoin is either to have it to trade or as an investment then this is a prove that someone really knows  about bitcoin.  The way we trade bitcoin or invest in bitcoin can also tell if one really understands bitcoin. I so much agree with OP that bitcoin knowledge is incomplete without investment. We all learn from the Market every day, and I think the way the market is going it is quite different from how it has been before now, their is a lot that can be learnt from today's market, this knowledge can be derived from having bitcoin. Experience in investing bitcoin is a way of having knowledge in bitcoin.

If their is no bitcoin to invest I don't think their will be any relationship for someone to do with bitcoin, investing bitcoin is the beginning of having knowledge about bitcoin.

I disagree with you on this oprichuckwu that the knowledge you are gaining is an investment. Investment means when you put money (capital) with the hope to get profit OR you put in money so that the money can increase over time. There is no way you can go to the supermarket and say that because you understand accounting, that you will be given whatever that you want for free. Without money one cannot invest.

Bitcoin is an investment that you don't need too much before you can invest into it. You can even start with as low as $5 to invest, and what I know is that you don't need to know so much about bitcoin before investing. There are such knowledge that are better learnt through experience and not theory, because nobody will teach you how to control your emotions on bitcoin price movement.  If you believe in bitcoin and you have the basic knowledge of bitcoin, then I don't see what will deprive you from investing with very small amount in what you believe that has the possibility giving you a retirement funds in future.

It is people that don't have the insight of  what Bitcoin will be in future that wouldn't take the advantage to start investing in bitcoin early and they are waiting till they have so much on them before they can buy bitcoin or till when they have understand everything about bitcoin before investing. It is better to invest right away and learn the rest aspect of bitcoin during your accumulating period. DCA strategy is well known as the most efficient method one can use to increase his bitcoin bit by bit.

When you only know the theorical aspect alone, you wouldn't see the challenges and risk in bitcoin investment as a hodler. It is just like someone that says he can drive a car because he knows the theory but hasn't put it into practice, and says he is a good driver. There are some knowledge that a newbie who bought bitcoin will have, and someone that has all the theory knowledge will never have

Yes, your investment knowledge is profound. Investment is a commitment, not a transaction. The confidence that your capital will expand and your investment will pay off. Your supermarket comparison of understanding accounting and expecting free things is undisputed. Investment requires money, otherwise knowledge is meaningless rhetoric.

Regarding Bitcoin, your point is solid. Waiting for complete knowledge before acting hinders success. Bitcoin's value fluctuates, and no book can prepare you for its emotional impact. Certain human traits only appear when money is at risk. Experience is the key here. True education comes from holding, seeing the price fluctuate, and spending sleepless nights wondering if you made the proper option. Replicating it is impossible. As you said, understanding Bitcoin involves starting small, following the DCA technique, and learning on the go.

Yeah. It doesn't make a single sense knowing about Bitcoin and not actually holding it. It will only amount to having a head knowledge and not having hand on experience.
Knowledge is power, but knowledge not put to practice is a useless.

The initial definition of the strategy simplifies many aspects that will concern your investments. If you initially know that you are buying Bitcoin for the long term and will hold it no matter what happens, this makes your plan clear. Next, you just have to determine when you will start buying and how you will do it, and price when you will stop buy.

It seems to me that a clear understanding at the very beginning is already half the battle, then everything will depend on the investor’s discipline. Knowledge is also important, because before you start investing, you must thoroughly study the asset in which you are going to invest money, a strategy without knowledge will not work.

Knowledge, or having a lot of knowledge but not making a profit or not being able to feed us or help us have a better life is also useless. So, knowing about bitcoin will not make us better than anyone else if we do not invest in it and do not get positive results from it.

People won't care how highly educated you are, how talented you are, how hard you try. What people will look to you to judge is the results you achieve. But to get good results, knowledge needs to be used and applied, otherwise a pile of empty knowledge will become useless.

Any knowledge that is not used or used in life will remain useless and that person is no different from someone who doesn't know about Bitcoin. What you say is actually quite correct for those who already know about Bitcoin but are still afraid to buy Bitcoin or keep Bitcoin as their own investment.

It will be a big loss for those who already know about Bitcoin but don't want to have Bitcoin as an investment for their own future, because opportunities that are not used properly after having more knowledge will be a waste for anyone. So knowledge will be useful when someone wants to use it for themselves and it will be much better if someone wants to tell other people about Bitcoin even though other people don't necessarily want to accept that knowledge.

That is quite true, because knowledge that is not used will also become very dull over time and will never be useful at all, so the application of knowledge really needs to be done to prove to many people that knowledge about Bitcoin is indeed good for many people to learn. Because the main thing that other people will judge about knowledge is its benefits and also the results that can be obtained from that knowledge so that other people will not think that knowledge about Bitcoin is just useless.

I'd say it's tied to personal circumstances. Some investors find they're comfortable putting a share of their money in cryptos. If they don't want to because they don't want to risk or can't digest losses they shouldn't. I don't have financial knowledge so won't say your plan's good or wrong. I don't know what's a best part of income ppl should invest but if they're investing while saving they'll be able to face off bad days if cash's needed unexpectedly.

Man can never complete his knowledge about a particular subject. No matter how much we know about a subject, there will always be some mistakes about it. OP mentioned here that investment knowledge is not complete without investing in Bitcoin ie he did not mention here that investment knowledge is not complete without investing in Bitcoin. There is a substantial difference between complete and complete. If everything was filled with theory knowledge then I don't think there would be any need to do any of the subjects practically. No matter how much theoretical knowledge you have, if you don't have practical knowledge, you will be undervalued in all fields. In technical sites, practical work is given more priority. It's not how you do in exams that matters, it's how you do the work that matters most. There is no rush when it comes to investing in Bitcoin, take your time slowly and try to gain knowledge about Bitcoin investing. As much as theoretical knowledge about investment is gained, an investor has to convert that theoretical knowledge practically only then an investor can gain complete knowledge about investment.

Permit me to also say this that it is better nit to make an investment without having the knowledge first because the lack in knowing what to do and how to do it will eventually make one loose his financial assets anytime, so our first security asset is the level of the understanding we have with bitcoin, when we know what we do in bitcoin, no one will be able to control us or try to deceive us from the truth and use that against us to scam us by stealing our asset from us.

This knowledge is what should be soughted for each day of our lives because there are new discoveries about security practice against new scam techniques, we have to stay informed and also study the market well for our profitable investment.

I think we all need knowledge till death. Acquiring knowledge is not wrong at all, be it for any job. You continue to acquire knowledge as much as you can and trust that it will come in handy later on. There is no harm in learning exactly what Bitcoin is when you can. But if you want to invest in Bitcoin then you can do it with common knowledge first.Then you will know bitcoin and you can gain knowledge of Bitcoin from your investment. You will never find the right path if you don't make mistakes. So invest small amount first and catch your mistake.

Being a jujtsu black belt doesn't necessarily implies kicking asses to people honking at you at traffic lights : it will help you to manage dangerous situations, avoid or deescalate them; will give you an advantage in identifying a threat moments before it materializes giving you an advantage.
Same applies in my opinion to bitcoin knowledge, you should know the matter you are dealing about and will avoid getting into messing situations.
I'm surrounded by a significant number of people who tell me about their investments in btc but once I ask some detailed questions ( like what Btc wallet do you use, where do you store your Btc or even how many Btc you bought) I discover they think they are invested in Btc whilst they only provided their money to organizations/project/societies who claim to incest their money in Bitcoin for a nice profit return ( in short words they are all victims of Ponzis).

Having proper knowledge will prevent you from losing money, will make you understand the idea behind Satoshi's creation and will let you recognize and seize right opportunity the day it presents itself to you.

To summarize what both of you have just said about having all the knowledge but not using the knowledge to achieve some security in the nearest future due to not investing, is because the lack faith and believe in bitcoin that it can become a safe haven in the future to come. Having the knowledge of what you don't have faith and trust in, will make that person take some opportunities for granted, because there is no way that you know that bitcoin is a treasure and believe so that you wouldn't start investing to know how the treasure looks like. Being to familiar with something and you don't put it in practice, will make you not to see the benefit that it has. This is the same with bitcoin.

We can still learn a lot about Bitcoin and don't need to buy it.
Remember in many poor regions, it is still very difficult to buy Bitcoin because due to lack of regulation and less standards like from gold. At all, we should educate us first.
Bitcoin requires a degree of knowledge, too.

It isn't necessary to know all about bitcoin before you're buying but some knowledge's essential. You'll have an idea for market upturns by checking recent history to educate yourself. I wouldn't recommend buying unless you know what you're doing or else you could lose your coins if you don't know how to store them or when to sell so education's vital.

Not just knowledge my guy, you also should be able to acquire wisdom and tact so you know what to take in and what not to take in, knowledge is a hit or miss for everyone although they are all knowledge, that doesn't mean that it's going to help you if you have a knowledge on that. For example, if your work focuses mainly on building stuff, you benefit from acquiring knowledge on engineering, masonry, equipment maintenance or mechanisms of machines but the knowledge of how the earth's crust forms or how continents are made doesn't benefit you, but in a geologist standpoint, they will benefit from that but not on the knowledge about engineering so knowledge combined with wisdom is the best thing.
Yes, you are right but experience helps you learn more because without the experience, knowledge will just be entirely theoretical and with no way of feeling and experiencing it for yourself, your knowledge of bitcoin will just be incomplete. Regarding difficulty in finding a way to buy bitcoin, remember that when people are restrained, they will always find a way to get out of that restraint. But if you really don't have the money to buy any bitcoin then that's a different story because it's now all about survival not living.

First off, not everyone can tell relevant from irrelevant information. Its real! An understanding of human nature shows that some people store information without using it. As you noted, knowledge without context is useless. Undiscerning knowledge is like a ship without a compass. While you're right that builders may not gain directly from studying the earth's crust, theres a distinction between superficial and in-depth knowledge. It boils down to knowing your urgent needs. Knowledge and wisdom must be linked. Only then can one efficiently navigate the massive information sea.

Second, you were right about the geologist-engineer distinction. Its about finding the correct knowledge for your needs, not collecting it all. Wisdom is needed to filter and use knowledge at the correct time. This must be understood. Knowledge is powerful, but wisdom? Wisdom is the key to wielding that power appropriately.

When it comes to bitcoin accumulation, one of the main difference between a poor country and a not so poor country, is that the main thing that you need to learn is how to get bitcoin if it is being suppressed..  so if you potentially have high fees due to lack of options, then you likely need to figure out if you can find some kinds of ways to reduce your fees... so the mere fact that you are from a poor country is not going to affect abilities to purchase bitcoin as much as your having mentioned that avenues to get bitcoin might be suppressed.

Knowledge is never considered a waste, and knowledge with practical implications is just perfection. I think knowledge along with BTC investment teaches you a lot. You will learn more enthusiastically about trading, chart reading, price fluctuations, upcoming events, and news when you have an investment in Bitcoin.
A person can invest in Bitcoin without any knowledge, while another can have all the knowledge and still not invest in Bitcoin. You can share your knowledge with others and tell them about Bitcoin. At some point in life, you will have money to invest, and your existing knowledge will be very helpful in getting you a good profit.
 


You can accumulate BTC in developed countries, which have some regulations in place; when we talk about underdeveloped countries, they do not have any resource or plan in place to stop BTC buying/ selling in their country. Most of their government officials are actually involved in BTC investment (opinion). I think everyone can access Binance from their country (through a VPN if access is blocked), so accumulating Bitcoin is not a problem.
As far as high fees are concerned, they are in accordance with the country's currency / USD.

Having confidence in what we already know will make us successful in trying to carry out what we already know, this will be much better and of course, if in trying we fail, of course we will be able to overcome it because we really believe in what we already know. Not being confident in the knowledge we have will certainly make us unable to apply what we already know to our lives and this will be very detrimental to ourselves.

In reality, the knowledge of bitcoin isn't complete if you're not a hodler of bitcoin.

For you to get the feel of what the space is like, you have to be an active participant in it else it sounds fictional to you. What's volatility to you if your portfolio doesn't reflect it? How then can you say you clearly understand bitcoin without a bitcoin investment.

You have said so well, and I do support that face that, one should figure out how to get Bitcoin if the government of the country doesn't support it.
Like in my country, Bitcoin has been limited, but that doesn't stop me or others who have good intentions of purchasing some good percentage of Bitcoin to buy, and in some other countries where Bitcoin is illegal, there are also people that do invest in Bitcoin. For instance, Gabon, Cameroon, Zimbabwe and Libya e.t.c, are some of the countries that do not accept Bitcoin, but there are still Bitcoin investors in those countries. The important thing for anyone who lives in those places should do is to look for a better and save way to get some Bitcoin and hold.

One of the things why some of these countries do not accept Bitcoin is because of the misconceptions they might have gotten from a wrong source. So, with their attitudes toward Bitcoin, I noticed that they see Bitcoin as a big threat to them, but no, Bitcoin is not a threat to anyone. If most of them can just give it a try, they should freely allow Bitcoin to flow in their country without any fear.

With my little research, I found out that South Sudan (https://www.forbesindia.com/article/explainers/poorest-countries-in-the-world/87529/1) is one of the poorest county in the world today, but my greatest surprise is that the adoption of Bitcoin is increasing (no much surprise) unimaginable in the South Sudan these days, I still get the information that their banks also allows cryptocurrencies (Bitcoin) transactions via bank transfers and other methods, so, I do believe that if anyone is still interested in Bitcoin, even the government can not stop the person to buy some, unless the person is a bit sceptical about the investment or doesn't know what strategy to use when buying.

I don't know what the future holds for bitcoin. But in some cases, there are many Talented people who research their bitcoin futures. And I do not believe in anyone's words, in my own actions and in what happens next, because then something bad can happen again, good and only the happiness of the present will be put at risk for the future. Yes, in many cases it is better to invest in bitcoin, but in that case you have to bear the risk. I'll tell you the truth anyway. Today @BTC_Archive publishes a news about Coinbase or going to Approve bit coins again. This is certainly good news for bitcoin and its holders. I have given you the news link below for your benefit. If you see my mistake, thank you.

Tweet :- JUST IN: SEC likely to approve #Bitcoin    ETF soon says Coinbase Chief Legal Officer - CNBC
News Link :- https://twitter.com/BTC_Archive/status/1715350207594946898?t=c6HnxVrL2VToBwiV3rLa5Q&s=19 (https://twitter.com/BTC_Archive/status/1715350207594946898?t=c6HnxVrL2VToBwiV3rLa5Q&s=19)

I actually get your point, but knowing it's potential and benefits, it wouldn't be a waste if we accumulate it. For sure even those regions you are referring to have numbers and statistics that are accumulating Bitcoin, is just that it would be different on the situation based on the person's situation and experience. Plus investing or trading can't be rushed, if you think your knowledge is still ain't enough, then invest with yourself first, learn and study. We're in the era of the internet already where you can have the information on your hands by just one click. There's a lot of people who started online by doing their own research, if you can't afford, then for example the signature campaign here by just simply joining and meeting the requirements, you could already attain Bitcoin.

Many people fail in investing because they just follow along, instead of getting to know and learn first. they are unfamiliar with technology, do not understand what the purpose of bitcoin is, what they understand is that bitcoin is an investment in the hope of getting rich quickly. So before investing, you should learn about Bitcoin first and yes, learning knowledge about Bitcoin storage is very important to avoid the threat of hacking. Apart from that, you can also change your mindset and be able to control your finances well.

The point is that bitcoin is more of a long-term investment, as long as you haven't sold it, you haven't made a loss, if you play futures or other crypto it's really hard to make a profit, if you invest in bitcoin it will almost certainly generate profits for the next few decades because bitcoin is technology, and nothing can stop technology.

The hope of getting rich quickly is the main goal of those who are new to Bitcoin. Even what they think is Bitcoin is not Bitcoin, meaning that many platforms use Bitcoin as a tool to extort or promise ordinary people to enter with large profits, even though they are in a fraud trap.

Having basic knowledge about crypto would be better so as not to get caught by scams on behalf of Bitcoin.
For beginners who invest in real Bitcoin even if they try to enter at any time, it can be a pretty good investment for the long term.

Long-term investment with Bitcoin can provide considerable returns (depending on how much is invested).
Buy and hold on Spot exchanges, don't trade Future if you're a beginner, it's just a waste of money because you don't know what you're doing.

If I have to be neutral on the position of the OP's question, then there are many people who study bitcoin without investing in bitcoin and that is a decision he might take and just reset about bitcoin for his knowledge and that is a natural thing and also we cannot force them to invest in bitcoin, because their aim is only for scientific study.

But I will agree with the OP that if you have knowledge about bitcoin but don't invest in it, if you are an investor, it will feel incomplete if you don't invest in bitcoin, especially the people in this forum who learn about bitcoin every day, talk about it. bitcoin and so on, it is incomplete if you don't invest in bitcoin.

This is very subjective, and whatever it is for those who want to invest or not in bitcoin, even though they have knowledge of bitcoin itself, that is their own right, it's just that I think that when someone understands bitcoin and sees the potential of bitcoin in the future, it is stupid when not trying to invest in bitcoin. ;D

Being in a poor country does not deprive one from buying bitcoin,  you can still buy according to what you can afford.  You don't need to save up money or wait till you have reason amount of money to buy bitcoin,  you can by in small fractions abd accumulate,  this is a way you can meet up in buying bitcoin.

No doubt the knowledge is needed but not enough if you never had bitcoin to practice the knowledge you gained, no bitcoin with just knowledge is nothing.

If you learn about Bitcoin without investing in it, what is the essence of the knowledge? Such exercise is tantamount waste of time and resource because it investing in Bitcoin is like putting the knowledge into practice. 

Those from poor countries are supposed to be more serious with Bitcoin that can change their situation. There is no need giving excuse because to start with Bitcoin does not require much, just small amount that is done regularly can grow onto something massive. This is where Knowledge of the technique to apply comes in. You can follow the DCA method that comes handy for this.

Yes, knowledge isn't complete without investment. Beacose we can get knowledge about Bitcoin price, price movement or other movements about Bitcoin. We can see the price movement that will gain us to thik when will the price of Bitcoin go up and when will it go down. But if we do this type of thesis that will gain us a short knowledge about of Bitcoin market. If we do thesis about Bitcoin and invest in Bitcoin that will help us more to gain proper knowledge about Bitcoin. Beacose if we invest our money then it will generate more exciting thinks about technical things of Bitcoin. The transaction of Bitcoin and invest will increase our experience about Bitcoin and that will connect us with the crypto world properly.

That is the main reason. I will prefer to gain proper knowledge about Bitcoin then do proper thesis and invest in Bitcoin that will help you to get proper knowledge and will give you big profit.

However, no knowledge is complete without putting what one has learned into practice. Knowledge is good and also, practicing what you have learned is also good, and it will give you more experience and more knowledge that you haven't gained before.

Bitcoin is a good store of value, even if Bitcoin isn't worth anything today, it doesn't matter at all because the future is brighter than now. Why did I say what I said? I said this because I believe that Bitcoin is not something we should buy today and sell in the next 10sec, it is something that an investor should hold onto for dear life and I also understand that the more an investor holds onto Bitcoin, that's the more knowledge the investor gets so, without putting the knowledge to practice (by investing) the investor will just stay without adding more knowledge to the ones he/she has already learned before.

Bitcoin experience gives an investor new knowledge. When Bitcoin's price increases and when it decreases, only knowledge will not give us experience, so if an investor that hasn't invested in Bitcoin needs more knowledge, then he/she should invest and learn more from the investment side.

In some cases, so many people happen to be in a particular country that doesn't accept Bitcoin, but they have knowledge of Bitcoin. Some people end up believing what the government have said about Bitcoin, but still with their knowledge, out of fear, they just quit investing and watching others invest. The government can't control Bitcoin, so I still don't think that the same government can control Bitcoin investors.

It maybe a waste of time , but not of resources because as long as you are not poutting any single amount you are not losing or spending resources so that is a wrong interpretation , maybe what you mean is waste of chance to gain more resources.
another wrong statement , Poor countries ? what about those richer country they need not to be more serious?

remember that even the first country to adopt Bitcoin (EL Salvador) is still struggling to make their people trust and invest in bitcoin.
so that is not the point , rich or poor first need to trust before investing.

Going against your government remains a bit of a dilemma because no one wants to lose their life, liberty and/or property, and governments will frequently have differing views in regards to rights that are retained by citizens, whether we consider those as fundamental human rights or if we believe that such rights are derived from some kind of an authority..

It is hard to blame normal people for sometimes not understanding their rights or feeling enough courage to put systems into place in order to protect themselves and/or to even look after themselves.. and surely sometimes, many people who are even more than willing to go along with the dictates of their governments will sometimes just get pushed too far and they will feel needs to revolt in one way or another.

I am surely not anti-government, but there are a lot of times in which governments go too far in terms of exercising their power, and that going too far likely takes place in all countries, but just in differing ways and having impacts on differing groups of people, depending on the various in-place systems (infrastructure), culture and/or history of the country

I think it wasn't a wise move to invest in Bitcoin when you wear hesitated. If you learn the pros and cons about Bitcoin it will become clear to you whether you want to invest or not. I think you missed out on that part. But it is okay now. As you own Bitcoin you should focus on learning about more and make sure you don't regret your decision. Owning the Bitcoin is the first step but the a lot more to learn. So as you move forward make sure to learn everything.

Also congratulation on your first purchase. Now you are one of us. Keep on holding. Make sure you keep your assets in a secure place and also your phrase key. If you are more into using a software wallet, Make sure that the device you are using it is air gapped. But if you want the maximum security I think going with the hardware wallet is the best option. You will learn everything as you move forward. These are the basics that I think you need to know. Cheers.

You are apparently right, as I have heard of some cases whereby the government and their officials have to do some illegal things just to make sure that their secret don't get exposed to others. Some of the reasons why most people find it difficult to act on their right is because they might not have the money to go further if any incident should occur, so, I can say that it is very hard for someone to compete with the government because they have it all, they have the money, and they still have the power to control somethings.

The real truth is that, the government doesn't fear any of their citizens, but they still do their things in secret ways for people not to know.


Although, it is not a 100% good idea to go against the government, but sometimes, if we know something that's going to help us and others and the government is refusing to allow the citizens to take good advantage of it, then I think people should look for a way to gain access to those things, just like the way Bitcoin is today that some government doesn't accept it and still keep a law for the Central Banks not to allow transaction with cryptocurrencies, so in these cases I do say everyone should figure one way or the other to get Bitcoin.

Sometimes, we don't have to disobey the government in a very bad way. That's why if we want to do something that the government forbade, we should also apply wisdom to do it, so that there will be no harm. The reason I said what I said was because even the government are not always right in their own ways. I wish they were always right. They wouldn't have banned or think that Bitcoin is a big threat to them.

Yes, I totally understand the whole conception about all the things that you are saying, and they are true. The government can go too far to the extent of taking a life just to make sure that they get what they want, let me bring the cases of JULLIAN ASSANGE (https://www.theguardian.com/media/2023/apr/11/julian-assange-australian-politicians-urge-merrick-garland-united-states-us-attorney-general-to-abandon-extradition), the US government went too far on that case, even as the citizens were protesting for the release of Jillian Assange but still, the government refused.

Having fundamental knowledge is important for all kinds of investments. If you don't know about the asset you are investing in then you are gambling with your money. Investment is not gambling; it is a combination of knowledge, vision, risk management and skills. Many people started buying bitcoin and dogecoin in the last bull market when their price was at its peak. Later they exit the market with a massive loss of funds. 

Yeah. You're very correct. Those who have BTC using an intermediary, though they think they have some knowledge about BTC will only have half knowledge about BTC.
Some knowledge are better learnt from personal experiences.

Well, i don't completely agree with that assertion that the reason the haven't invested despite having the knowledge of BTC is due to lack of faith and believe.
Sometimes, it may be due to lack of spare cash. Some persons might really wanna invest, but lack the wherewithal to do so, and this doesn't imply lack of faith.

Op, it is good that you have gained some knowledge about Bitcoin before you decided to buy and hodl it for a long term. This Bitcoin knowledge you have gained will help you to hodl your Bitcoin even when the Bitcoin price fluctuates you will still hodl your Bitcoin because you have already studied how Bitcoin works, and nothing will discourage you from selling your Bitcoin at a low. And is like you have perfect timing for buying Bitcoin at this period because Bitcoin price look stable these days.

Well said, they say Wisdom is the principal thing; therefore get wisdom: and with all thy getting get understanding. Before making any investment one should be 90 percent acquainted on what he is to invest into. Many will say there are even risk in Bitcoin so in a case where all the risk involved are neglected, the person might attain losses due to ignorance but that can never be an excuse because he/she failed to learn before involving in the investment.

Lack of confidence is just an excuse not to get in and start investing.
There are many people who are not sure but they try to get in with enough cash for investment of course.

After all, if you're not sure why go and learn about Bitcoin on a forum.
If they already understand, there is nothing to doubt with Bitcoin, entering at any price if the target price is still high it will not matter because the investment is done long term.

Trying to foster a belief must of course also master the knowledge.

Bitcoin is one of the alternatives to long-term investment, especially the goal of saving money by setting aside a few percent of your regular income at a certain time, that's good. you have realized from the beginning that prices fluctuate from minute to minute, right? 50% of your analysis can be bullish even 50% of the analysis can be bullish in just a few hours from time to time. I think you understand that's why you choose hodl for the long term by looking for information to increase protection.

You are a person who likes anticipation, electrum is also good, one of the bitcoin wallets that quite a lot of people use to store bitcoin, you can also use siganture for the security of your bitcointalk account, in my opinion you are quite comfortable on the forum and your learning progress is quite fast, try signing your account like this (https://bitcointalk.org/index.php?topic=990345.0).

Even if you are interested and do it.

For protection of your wallet as much as possible do not click on random links, update and use premium antivirus if your device is used to access the internet.

I sometimes divide 50% in Cex or exchanger, get used to not keeping in 1 basket, even though the exchanger has the potential to close at least complete authentication like a bank, of course this is not a recommendation, it's just my habit, even so many cexes have survived for years until now and are growing.

especially if there are more assets, I feel your efforts to collect regularly, if you have taken precautions, try using a hardwhare wallet here is an example bro. (https://bitcointalk.org/index.php?topic=5415764.0)

All governments and all government officials are not the same, and different jurisdictions give differing kinds of authorities to government officials... some are abusive of their authorities and some are not, and some of my criticisms are not so focused on various kinds of local corruption or local abuse of power, which may or may not be as systematic as you are making it out to be.  Of course, in bitcoin we frequently focus on the abuse of power that comes with having control over money, printing money and then systems that try to control ways that citizens can attempt o protect their value, including being able to buy, store and/or use bitcoin.


I cannot disagree with any of this.


We still probably should attempt to be more specific about which government.. which is likely the US governments and other governments going along with it.. so I doubt that it is very helpful to speak generally about the government without attempting to specify which parts were unjust.

I totally understand where you're coming from! Knowledge is never a waste, even if you don't have the funds to invest in Bitcoin right now. It actually prepares you to make smarter financial decisions when you do have the money. By the way, I'm really happy for you for taking that leap and making your first Bitcoin purchase! What's even better is that you're using your spare cash and practicing dollar-cost averaging during price dips. That shows you know what you're doing! Remember, Bitcoin is a long-term investment, so stay committed and you'll be just fine. Keep it up

The initial steps taken will determine the journey that will be taken and in my opinion when someone has studied and invested it is a pretty good start regardless of what will happen, but I believe the process that will be gone through will be comparable to what will be obtained later.
In theory and what will happen in investing will be slightly different because some undesirable things are possible to happen so having knowledge first and making real moves is a step to expand the knowledge you already have.
There are indeed many things that need to be paid attention to in detail, as you said, I really agree.

It's true what you said, if we buy something, whether at the market or supermarket, we definitely look at the function of what we buy. Moreover, when we buy an asset, the price fluctuates very erratically. If you have studied or understood the concept of this asset created by its inventor, perhaps your eyes will be opened to how great he was in creating this asset. In creating a wallet to store it, the secret key to the wallet, I think he is the most genius inventor in this most sophisticated century. Yes, maybe everyone should study first, including me, before investing in this asset. After gaining little by little knowledge, I became more confident in this asset, I continued to accumulate it every month and continued to hold it until my children grew up. Yes, I gave a small inheritance to my children, of course when they grow up my children will enjoy the results of their father who is struggling now

Categorically, you are correct, and I would say that sometimes, when the powers are in the wrong hands, they get misused, and they also manipulate the good ones and the bad ones too. I have to agree.

What you said earlier about good and bad being in government organisations, and I would say that the bad ones are more than the good ones in the government. That's why when it comes to laws making, they make the kind of law that will affect some others, while secretly they also go against the rules, just like some of them don't approve Bitcoin in the country, but I seriously believe that secretly about 10% of the government officials, do invest in Bitcoin, but they don't want others to take advantage of it publicly, if not I don't see any reasonable reasons why after all these years of good witnesses of Bitcoin movement they still don't want to make Bitcoin legal in their country, sometimes they think that they are making the right decisions, but I do say it is not all the time they do the right things.

Yes, most times, if the government doesn't want us to take good advantage of something that is going to help us in the near future, then we should not hesitate to get those things. The government are same human beings as us. The only thing that makes them a bit different from us is the type of power that they have, so as Bitcoin is a good store of value for people, it is good to make good use of it.

For me, I would like to talk about my own government. Although the government in my country didn't totally ban Bitcoin, they just restricted the CBN to carry out crypto-currency (Bitcoin) transactions and I still believe that there are still others in the government system that want Bitcoin to be banned and still there are others in the government that want Bitcoin to be legalised in the country, so for the government not to be on one side, they just restricted the CBN to carryout crypto (Bitcoin) transactions.

This is one of the reasons why I believe that. There are good ones and still bad ones. However, the bad ones are more than the good ones. You know that in a situation like this, the government has to vote for themselves, and during the voting hours, if the bad ones are more than the good ones, that means they will end up agreeing on the negative side.

Specific subject learning and practical application of that learning makes a person efficient and creative. What we hear or see about something from a distance, we notice something different in reality. It is very important for an investor to have practical knowledge about investments. If the investor does not have real experience then he will make random investment. There are many differences between verbal education about investing and hands-on investment education. When we sit and enjoy a football match on TV or in the gallery, we think that I would have played much better if I was in the place of the player playing on the field but the reality is different, if I was dropped on the field instead of a footballer, I don't think I am 10th of the performance of that footballer. Just as football looks easy to watch from a distance but it is very difficult to play, similarly investment seems easy but when we read about investment, investment is much more difficult for us. 
So an investor only acquires knowledge about investment, his knowledge about investment is not complete but an investor has to invest multiple times only then an investor gets real experience about his investment.

Those who experience losses through Bitcoin investment are not failures in learning, but some of them are very lazy to learn but they really like fast profits. In fact, every job must have a clearer and more complete knowledge base so that you don't get lost in the middle of the road like people who experience losses through Bitcoin. I think people like that just don't want to understand the risks involved in investing and focus more on profits so they don't use patience when investing in Bitcoin.

The government understood what Bitcoin would do if they made it a legal tender. People will not want to trust them with their money because the government can walk up one morning and decide to print more fiat currency(dollar) in circulation, making the dollar reduce its value and purchasing power, freeze your account, or deny you access to your fund. Bitcoin is here to solve all these problems. With Bitcoin, you have complete control over your money. No government bank can decide to freeze your account or confiscate your holdings. This is why the government does not want to make Bitcoin legal.

Governments usually want to keep everything under their own control. If bitcoin is legalized people will do whatever they want because there is no central authority. Governments cannot change everything like fiat currency so do not want to legitimize it. First of all we need to change the attitude of the government and the people when it comes to legalizing crypto currency transactions. Because most of the ministers and secretaries of our country do not have much idea about cryptocurrency. As far as I understand they have got some negative idea about cryptocurrency get bitcoin approval first of all the government's mindset and attitude must be changed otherwise it is not possible.

It seems we both have similar reasons for investing in Bitcoin but slightly different. Mine all started in 2019 when I started looking up what Bitcoin is all about and how to get on the game. Because I really wanna live a happy life with no stress, things weren't that cool as of then because some people discouraged me that BTC could be another scam that pops out from nowhere and dupe people. Guess what? I invested anyway, and now look at me, glad that I did and even tend to use some other earning means mostly the products I find on Bitgeto support my ministry

All Im trying to say is, be calm and do it, follow your instincts. I promise you, you won't regret it

I do not agree with this aspect that those who experience losses are lazy. People are in Bitcoin for various reasons and the approach differs. Not everyone is a hodler, some are just traders and their target is booking profits. Traders experience losses sometimes because no trading system is perfect, so it will be wrong to say that those who experience losses in Bitcoin are lazy.

I know that those that hodl for long never experience losses, maybe those are the people you presume to have sound knowledge of Bitcoin. You might have a point but it takes more than knowledge of Bitcoin to hodl, there are other factors to come to play.

I see those people who lose money through Bitcoin investment and fail to learn why they lost their money as people who only invested in Bitcoin because they think Bitcoin is a get-rich-quick scheme, and when Bitcoin price drops they will have no other choice than to sell their Bitcoin at a loss because they lack the adequate knowledge of what they are dealing with. Those who learn after losing from Bitcoin investment I see them as people who already wanted to gain Bitcoin knowledge, but they were not patient enough and invested in Bitcoin because of FOMO.

Knowledge is key to all that we do and this is very important before you set out for anything and investment also is very important and Bitcoin being a volatile asset you need all the knowledge that you can get before putting down your money on it,  so as not to buy in at the wrong time,  and also how long you must be willing to hold your Bitcoin,  but the best possible means to staying safe is to invest in bitcoin for a long time and within that time,  get engage in bitcoin-related discussions to share knowledge with others that have similar internet to yours.

So since Oos said he has the luxury of time to keep his own rent money for a space of up to six months then it means if he has the right knowledge and applies it to his situation he should be able to operate a stress-freBitcoinin journey that will lead him to a more prosperous future as the case may be.

You are right. Building confidence and summing up the courage to try out will help.
Besides getting the requisite knowledge, it is also important to build up confidence. Without confidence, one may never venture into trading BTC.

I will only agree one side of what you said but not all, yes it is true that knowledge is the key to everything but in terms of Bitcoin investment, we don't need the whole knowledge before we can practice what we have learned so far, to me, I think that it can take a Bitcoin newbie 2 day to put in practice what he has/she has learned, because even with while the Bitcoin newbie is practising, he/she is still learning from there, practice can give us the best knowledge we need.

With the kind of mindset I have, I don't believe that there is any time that is wrong for a Bitcoin newbie to start buying and keep on accumulating, yes, some of us waited for the dip but on a serious note, it is a bit difficult to know when the dip is near, because an investor can be waiting for the dip and Bitcoin might be bumping and never dipped, so the best idea is just for the person to buy Bitcoin when he/she have the money and not to wait (that is the risk we are all talking about).

Actually investing in Bitcoin is really cool, one of the safest investment in crypto currency. Also there are some savings that gives you opportunity to earn by APR, some are up to 7% APR why some are more than. If you utilize the exchanges with this features it will be an additional benefit. Top exchange like Bitget offers such while some middle level exchanges also have it such as CoinW and the likes.

It seems that the last cycle of failures in the bitcoin space should have demonstrated that chasing yield is not necessarily a good practice, especially since bitcoin is already designed to pump forever, so there should be no reason to get greedy and then get all your coins taken from you, rug pulled and/or other problems with those kinds of yield promising platforms.

knowing a lot of things and knowing even more! It's what people do when they're dealing with unstable things like Bitcoin. You hit the nail on the head: jumping in without enough knowledge is like playing a high-stakes gaming game without knowing the rules. To be honest, nobody would do that. If you know about the Bitcoin market, you can protect yourself from its volatility. Deep dive, do study, participate, talk, and repeat!

He's in a good spot because he has time on his side. But time wasted on things you don't know is just wasted opportunity. A bright future is not only possible for him, but almost certain if he really gains understanding and uses it wisely. The rules of the game are easy: learn, use, and repeat. But if you don't take it seriously, it's just old paper, even a treasure plan.

Don't you ever try to get deceived by those tempting offers because you might get scammed and you will lose all your investment. Ypu have made 98 post, which shows that by now, you should be used to the risk in keeping funds in an exchange for any reason, because it us not safe.

Exchange uses such offer to lure customers to keep their coins in their custody, so that they can easily do away with customers funds as a scam exit. We saw how FTX went away with customers funds that was in their custody. Never leave your coins in an exchange because they are in control pf your keys, not your keys not your bitcoin.

https://www.coindesk.com/consensus-magazine/2023/10/17/how-african-students-became-victims-of-ftxs-collapse/?_gl=1

Yea same here , they’ve quite a lot of product that has made my trading quite easy

Maybe you guys (@Best-mary  and @MarvieJ) need to explain whatever it is that you are promoting in this thread, besides bitcoin..

In other words, what the fuck is Bitgeto?  Is it something that is legit or some kind of a shitcoin or other scam product for members to get rugpulled, scammed or otherwise robbed? 

Anyone have an explanation for why we should not be reporting these seemingly promotion posts of some unknown entity in this thread? - furthermore orchestrated through a couple of relatively newbie accounts

You're advertising a service so that's your objective for posting short effortless sentences. Why didn't you use the services if you're work's in promoting?

I don't know what Bitgeto is or what it does but if they aren't posting on the topic they should be reported. Legends or newbie accounts aren't supposed to promote any entity between posts. They should've used services.

                                       Actually it will going to waste if you will keep just thinking but not acting on it ,
If you are truly smart then you will do everything to have money for investing as the knowledge already on yours
and you knew that there is a promised profit here, so why waste more time when you can generate income from
doing such?Why not lessen your expenses , try to tighten your belt so you will have small funds to start buying
bitcoin and that will be the right starting point.and not just having plans and plans that never come to reality.
and also since it is for long term as you mentioned , then better to start it out now mate, you can begin with
5-10 dollars at least weekly  and then try to increase as days passed by , because for sure once you see it growing
you will regret why not act instantly than talking and telling stories.
But like what you said, if he truly has not capital then sorry to hear but the bull is so near , we will regret
everything when the day comes.

In fact, the worst mistake someone can make is to do nothing when they know what they should do. This is especially true in the fast-paced world of bitcoin. Having knowledge is helpful, but only if you're ready to use it. Many people make the mistake of squandering potential, and they feel terrible when great chances pass them by. The problem with this illusion is that its hard to start investing. But isnt that more of a mental block than a real one?

To get a better sense of this, lets look at the idea of changing one's spending. This goes beyond the advice on the surface and represents a deeper idea: the balance between short-term pleasure and long-term gain. That you could start with just $5 to $10 a week is a great way to think about starting somewhere. Because history and current events have shown over and over that people who wait to get involved in cryptocurrency often end up chasing shadows. The coming bull shows how quickly the market is moving, and as you correctly pointed out, doing nothing today could make you feel very bad tomorrow.

If we already have good knowledge with Bitcoin and know how to make a profit then it will be a big loss if we miss the opportunity we have to invest in Bitcoin. Before investing we do need capital to be able to invest, but if we already understand how to make a profit Of course this will motivate us to set aside part of the income we have to be able to invest to be able to get a profit from the investment we make, because it will be very sad if we already have knowledge but don't invest and when we see prices continue to increase then this will make We really regret not having prepared our money to invest.

My little CHECK (https://www.bitcoinsensus.com/bitcoin-exchanges/bitget-exchange-review/) said that the BITGETO site is an exchange that people can use for selling their coins either BTC or other cryptocurrencies, but truth be told I don't seem to like the BITGETO exchange because it requires a KYC VERIFICATION (https://finance.yahoo.com/news/bitget-introduce-mandatory-kyc-requirements-131500040.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAADmZ3unIEKy5phXgoF08LUGaQH045iAKX7sAXpbiSKuba55MDc6Il0-swwFJgssGerzY_sirKd3Tpv39LTP_8AYBljSqS5Qs3T1NQ60PrxDdsmEQih5QlynKvnI4BtNvvC4iIU_f_aE7LUn7l_B0jkMnM9hkPUe41X2QOhkRq0qe).
I just checked that the site was launched in the year 2018 and the CEO of the exchange is called Sandra Lou (a female) and this search (https://iq.wiki/wiki/sandra-lou) can tell little about her.

At least that gives a little information about the reference.. . .not that we should necessarily be advertising any particular exchanges.. but most require KYC, and I have troubles wondering why the CEO being a female makes much if any difference, even though it is not a bad thing to have some ideas behind the operators of exchanges, to the extent we might figure that there might be some questionable practices.. but sometimes exchanges gain reputation merely from being around a long time and if there customers are not losing their coins, then that could be a good thing... of course, until they get rug pulled, which also sometimes what ends up happening.

Well most of the world most popular exchange these days are all KYC driven and are mostly CEX and no CEX operates without actually having some kind of KYC requirement even if it's just a little details of their users. I believe like you said, it's just a matter of how reputable and sometimes how long they have been Operational because the longer they stay and operate without any bad reputation then the matter of KYC requirement won't be an issues in the eyes of their customer.

The same case is with this popular exchange binance, although am not vouching for any exchange but there is certain level of confidence with binance and some of their users because of how their have been consistent in delivering good service for their users and believe me the KYC verification process for this exchange is really tight but still people still use it so an exc

This is not the best thing to do, bitcoin don’t have staking feature enabled on them as it’s for the best, using any platform or exchange that give you the chance to earn some APR why holding your bitcoin their is very risk, the fact that you are storing your bitcoin in a centralized exchange alone first is one of the greatest mistake any bitcoiner will make (not your key not your coin)

Now how this Reward works is this, you send your bitcoin to any of those exchange you made mention of now you have lost control over that coin all you can see is a figure in your exchange account and not your bitcoin, they use your bitcoin to do what ever they want restricting you from making use of it when ever you want with the promise of given you back the bitcoin with some percentage.

Chasing APR is one thing that usually get people into trouble, what if something happens to the exchange along the line, how will you get your coins back, they will probably be gone for ever, please just change that mind set, the best way to make profit from bitcoin is to safely have it in your personal wallet and wait for bull run, any other promise that’s comes with given your reward should be avoided.

Are you sure investing in bitcoin doesn't require much? Maybe in your situation, but in other cases, poor families can't even buy foods that they need, or, let's say, the middle class. Even if they have a small amount to invest in bitcoin, it doesn't mean they will earn it immediately. Remember, investing in bitcoin is a long-term investment, whether holding or trading. Yes, there is scalping in trading, but it's too risky if you have low equity. So what you've said doesn't apply to everyone. Even with enough knowledge and skills in investing in bitcoin, you still can't maximise the profit if you only have a small amount of investment. Yeah, they could start with low capital, but it will be hard as you only have a limited balance or equity in hand. Your option to trade or to flip is limited as you need to consider stuff like margin and such.

That's why I said to acquire some wisdom so they can easily tell the relevant and irrelevant information and easily sift through it, and you can easily gain that by practicing your critical thinking skills, to me, that's the only way that you can gain wisdom or improve your wisdom. Also, I have to disagree with you that not everyone can tell the relevant from the irrelevant, not all information is hidden or needs you to have an in-depth analysis to see what you need and what you don't need, common sense exists in every person so I don't see how it's an excuse.

Everything about bitcoin goes by procedures and a step after the other, when you get the theoretical knowledge in bitcoin, then one have to also Invest and have the practical aspect of it, but in this time, it will be wisdom not to start with a huge amount for an investment since this is the first time of making attempt, we should invest only a small amount of money we can afford to loose before we continue to build up our experience and bitcoin portfolio over time.

Well, honestly speaking, you did the right thing, and having a fear of trying to invest in Bitcoin is a normal feeling. But you are the one who knows whether Bitcoin will be good for you or not. And I will somewhat agree with you that just studying Bitcoin is useless if we don't invest in it.

That's true; it's useless to analyze trading every day if we don't have holdings. So, in order for us to succeed, we have to decide to take a risk. If this is the only risk we can take to succeed here, why not go for it?

As long as we can afford a large amount and be consistent with that amount, why not. Because in my opinion, in terms of investment, it depends on readiness so we must really know what our financial condition is like and try to manage it well so that the investment and the needs we have every month will be guaranteed.
Therefore, we must know for sure before we start so that what we invest does not interfere with the finances we have because what I feel in this case is that when we try to force investment in bitcoin then it will also not always improve so invest when you can because discipline and consistency in investment are also very important to do.
If in the end the slightly larger amount does not bother you then it does not matter as long as you can be consistent with the nominal but if in the end this is too burdensome then it would be better if the investment made is reduced.

You are obviously missing the point. Investing in Bitcoin requires that one have emergency funds set aside after settling basic needs. You cannot have problems that requires money and still maintain your Bitcoin investment; there is a high chance you can damage your investment.

My definition of poor is not someone struggling to feed. It's those who can afford at least $10 to $20 per week after meeting their basic needs.


I will not even recommend trading for anyone because that is high risk and require so much technicalities. You can't even attempt to trade Bitcoin with small capital, it will just be like donating money to the market. The best option still remain long term investment which you already supported.

This shows you are undermining the power of little beginning.  @JayJuanGee did a wonderful job in explaining the DCA method which many people in this forum are already applying.  Many of them started with little income and are building their portfolio consistently. You never can imagine what you can achieve within few years with $20 weekly investment.

They hardly need to know shit about bitcoin in order to start to invest into it and to figure out that they are willing to hold for 4-10 years or more.   So they have to have their shit together enough in their own cashflow to ONLY be putting in money that they don't need for 4-10 years or longer.  Sure many people hardly know shit about how to manage their own finances, but they do have some ideas about whether or not the amount that they are spending is less than their income, so they should have some sense whether they have extra or not.  If they are not sure if they have extra, then they should not be investing into bitcoin because if they are not sure if they have enough, then they are gambling rather than investing.. so gambling would not be a good idea... but merely the fact that gambling is not a good idea, does not mean that anyone needs to know very much about bitcoin besides having some basic skills such as knowing the difference between gambling and investing.


I doubt that it is fair to categorize trading as if it were investing, even though some people have trading strategies that work for them, trading is mostly gambling for the vast majority of folks who have no fucking clue how to make trading a kind of sustainable income rather than a form of educated guessing that may or may not work out, which is also known as gambling rather than investing.


Why would people need to know about all of this kind of bullshit?

If you invest, then you accumulate the asset, and maybe it takes you 10 years or more to get to a place where you might switch to some strategy other than accumulating, depending on if you are starting with a lump sum or if you are only able to invest from your salary in small amounts maybe even 10% of your income in a kind of DCA strategy... but still that is not trading but building.  It is pretty rare to be able to build your position in BTC by selling rather than focusing on various ways of buying.. especially in the beginning accumulating years that may also take 10 years or longer to go from zero to having maybe 1 years worth of salary/expenses invested into bitcoin... so why fuck around with trading if you don't even have a whole years worth of investment into it?  Maybe we can assume that some people are starting out with more, but I would hate to just assume it rather than going with the idea that most people are starting with little and building up..

and you do that building up of your BTC stash by buying, not fucking around with trying to trade... especially for normies, which means not being professional in terms of trading and you don't need to trade in order to invest. .that is just stupid to presume that you need to learn how to trade in order to invest.. Who is pushing out those kinds of baloney and misleading ideas?  Investing is hard enough without adding that you need to learn how to trade too.  Nearly, pure nonsense to be suggesting that.


Well, if you invested $10 per week in the last 10 years, then you would have invested a total of $5,170 and you would have accumulated 4.62 BTC (https://dcacryptocalculator.com/bitcoin/?start_date=2013-12-01&finish_date=2023-10-26&regular_investment=10&currency_code=USD&investment_interval=weekly&exchange_fee=0.02).  That seems pretty good, even though the amount invested was not necessarily maximizing, but we cannot necessarily know what the budget of each person would have been, and maybe someone could have invested $100 per week rather than $10 per week, so we just 10x those numbers, and it seems pretty good to me in terms of figuring out how aggressive that a person wants to be without getting worked up about trying to figure out very many things beyond how much can they spare (per week) in their budget in order to be sufficiently aggressive, but without necessarily being overly aggressive in order to lose their money, and gambling (or trading) with the amount that you invest into bitcoin seems to be overly aggressive and not even necessary in order to potentially advantage a lot from investing in bitcoin especially if you do it for a long time, and sure it is not guaranteed, but it seems pretty damned good as a long term investment, both historically and also that it does not seem that bitcoin's investment thesis is weaker now as compared with 10 years ago, even if the upside potential might be a bit less based on BTC already having had appreciated in value nearly 100x in the past 10 years.
 

Part of the reason that you don't fuck around with any of that stuff is to build your capital.. perhaps over 10 years and then maybe consider your options after that.  If you invested $100 per week into bitcoin and you have 46.2 BTC, then why would you want to be fucking around with other strategies.  Do you think that 46.2 bitcoin is not enough bitcoin (wealth) to have after 10 years of investing and $51.7k invested?  Or do you have some other bullshit gambling (trading) recommendations for how to approach bitcoin investing?

Yes that's true because in times of Bitcoin investment we don't have to really no everything or have so many knowledge before we could start investing although irrespective of the need to always be knowledgeable in everything but for Bitcoin accumulation we don't have to acquire so much of it.
 
Since our goals is to invest on Bitcoin with the motive of holding for many years we don't need so much of knowledge but however capital is what matters because if an investor doesn't have a good amount of funds on there portfolio and decided to invest everything without some funds to rely on is totally a gambling investment.

So is left for every investors to no there financial capability on the investment patterns they will use.

To learn about investing we need to invest. If we only learn but don't have real investment knowledge then investment learning is nothing more than rote knowledge, and rote knowledge is never remembered for long. Education about other subjects and education about investing are a little different. Private tutors will help you to learn other things but to learn about investing you have to use your own intelligence and learn investing and apply it.
I am saying from my background that all investors have acquired the knowledge about investing through their own hard work. Others will actually help you a little bit but you have to keep trying and educate yourself about investing.

The way I invested in the beginning was to try to get an understanding of the basics first and try to match what I got with the idea into reality. Since I was in the early stages of learning about investing, I didn't want to risk too much money, tried to invest with a small amount of money, in case my investment went wrong, I didn't lose much money because my amount of money was small. With that small amount of money, I gradually went through profit and loss and gradually I caught my mistakes and worked on them.  
At some point I realized that what I had learned about investing was my real knowledge and I could definitely use this knowledge to invest and achieve success, so much confidence was built in my investment. I might never have learned so much about investing if I hadn't tried to gain practical knowledge about investing.

I don't think @JayJuanGee is trying to downplay the importance of knowledge of Bitcoin. Knowledge of Bitcoin is good but that is not all that is needed to invest in Bitcoin. There are people who understand the codes behind the technology but are not holding any significant quantity of Bitcoin. On the other hand, there are people holding a good number of Bitcoin that do not understand one single line of code. However, there is no contradictions here.

I think a good nunber of those holding large portfolio of Bitcoin sees Bitcoin from the angle of money and investment and rarely pay any attention to the tech aspect. To them, it is all about securing and growing their money and nothing else.

Your phrasing of the term "capital" could be misleading, even though I think that you are meaning it in the correct way, as a kind of way to manage funds and to make surt that you have more funds than to merely cover your expenses. 

In other words, sometimes people will misunderstand the use of "capital" to conclude that you need a lot of money, which truly is not the case, and the need for a lot of capital seems to be less the case in bitcoin as compared with other kinds of investments.. which surely is one of the advantages of bitcoin to be able to choose how much to put in and then how frequently to add to your bitcoin stash even if it ONLY ends up being small amounts on a fairly infrequent basis. 

It seems quite likely after 10-40 years of ongoing investing into bitcoin, even if small amounts, you would have fairly good chances to be in a better position from investing into bitcoin rather than NOT investing into bitcoin, and you may well end up in a better position than any other investment that you could have had made... at the same time, since there are not any guarantees in regards to bitcoins performance in the next 2, 4, 10 20, or 40 years, we can never really know except for figuring out an amount that we consider to be sufficiently great enough to invest into bitcoin in order to feel that we have done the right thing for ourselves.. or finances and our psychology.. and surely our psychology is likely to become even better if our bitcoin investment performs well, but we still may well be able to invest into BTC a quantity that is not so great as to cause us to fear if our investment does not perform as well as we might have had wished or even if it were to end up going to zero, which is another possibility that does not seem to be absent, but the possibility of going to zero should still be considered, even if not too likely.. but that still may well mean that we invest as aggressively as we feel comfortable, while at the same time realizing that there is a non-zero chance that our bitcoin investment could end up going to zero.


In regards to how people have knowledge in differing kinds of areas, I think that you are correct adultcrypto.  There are various ways to invest into bitcoin, but then when we get down to the financial part of investing into bitcoin, then, one of the most important things that anyone should know would be how to manage their finances, but even if someone does not really know how to manage their finances, they can learn on the job (meaning they can learn while investing), and surely the less that they know, then probably the more justification would exist for starting out with small amounts, but merely because someone feels that s/he does not hardly know anything should not mean that they should not get started.

Since each of us is responsible for our own financial decisions and actions, we should be trying to figure out how much to invest into bitcoin, if any, and how to do it, but if we choose badly in regards to either not investing enough or investing too little, then we are going to be the one to suffer the consequences, and these days even though it is likely that less than 1% of the world's population is either invested into bitcoin or even if there are more than 1%, thee overwhelming majority of the world's population is underinvested into bitcoin.

It is also likely a good idea to learn more and more about bitcoin as you are investing into it, even though you might not necessarily go wrong with continuing to invest into it without knowledge, but if you do not have very much knowledge, you are less likely to get your position size correct in order to coordinate what bitcoin is as compared with what are your various personal circumstances.. and surely bitcoin knowledge is ONLY of the 9 areas that I point out (you can see the nine items here (https://bitcointalk.org/index.php?topic=5376945.msg58719590#msg58719590)) as in need of consideration when investing into bitcoin (and might even apply to other investments too)

No matter how poor you are, you can still invest as long as you have an income. Think of seeing bitcoin as a treasure that can change your financial status in future and have the believe, this is when you will know how important it is for you to start investing in bitcoin for a better tomorrow. If your current job pay is very low, look for a second job to help you meet with your bitcoin weekly budget.

It is impossible for you to get reach quick with bitcoin because it is an investment and I have seen an investment that will take very little time to grow very big that it can't collapse when the profit is spent. Don't think of trading because traders are not investors and bitcoin is an investment that will give profit in a long term. This is the basic knowledge that you need to know and then kick start into bitcoin investment and have the full knowledge through the experience in the market and how to increase your bitcoin and hodli it for a long term because I believe that bitcoin will keep pumping with timeline.

All you need to do is to start buying with little amount that wouldn't affect your income frequently and before you know it your bitcoin is increasing gradually with timeline. At least it is better to have something that you can fall back to in future than nothing, since your regular DCA should be based on your income and before you know it from your experience, in investingyou can even increase your weekly buying budget, when your income increases. We can't remain stagnant forever.

Easy to say but it would really be hard for some people specially to those who are really just that earning sufficient and all of those things are really that dependent on your or simply your expenses is really that more than on what you do earn on which you would really be that having a hard time on making investment even if you do really have plans on investment then it would really be that
so hard or really that be challenging on doing such investment even if you do know that it does have potential but doesnt mean that you are really that easily be able to investment.
Financial capacity or capability would be always the key, although there are really indeed ways on which you could really be able to do and you wont really be just making yourself that not able
to take some step or easily give up if you are on a hard situation. If you are really that serious on making investment then it would really be just that right that you should really be finding
ways on how to make such step.It would be challenging but it would really be that something worth if ever you do succeed.

It is true, without large capital, the long-term profits that can be obtained are very small, but every Bitcoin investor must have broad insight into Bitcoin, especially now that there are quite a lot of fraudsters who are aggressively tempting investors to join them, with good insight. regarding bitcoin, the possibility of you being deceived is very small, especially for long-term holders who are planning to sell in the next few years, small things such as the personal wallet that is used must also be paid attention to, and finally, never put bitcoin in CEX, because it is very risky.

Firstly you need to be able to differentiate whether it's investment or trading because what I can understand from what you're saying is that you're generalising about trading and investment,
Even though in this case the object is the same (bitcoin) but you cannot say that investment and trading are the same because in the end these are 2 different paths with different processes carried out.
Investment certainly takes a short time compared to trading and the risks faced will also be different because in the end even though investing in bitcoin is risky but when looking at the risk it is much smaller than trading which is indeed very large.

Apart from that, any trade with any scheme such as scalping that you say the risk is still the same so it would be better if we cannot anticipate it then invest the right way and don't look at trading because this can make it difficult for you because no matter how smart we trade, in the end sooner or later there will definitely be mistakes that you cannot even bear yourself as a result of the resulting trade.

This kind of thing depends on how you go about it because I think at the end of the day it's also about consistency.
If we make an investment with a small nominal, for example $5, it will definitely be small if in the end you only do it once but when this is accompanied by consistency where doing $5 repeatedly maybe every 1 or 2 weeks the results will still be more than expected.
Therefore, we must know what we should do with the investment made and what strategy we will take when investing.
For the problem of being deceived in bitcoin, this depends on the thoroughness carried out because if you look at the current conditions sometimes the problems that occur in bitcoin are complex and if we are not observant and careful then you could be exposed to fraud or even get problems from hackers or others, therefore we must be careful to keep what we have, especially with the security problems of the wallets we have.

I agree with you mate on the point stated and also want to point the fact that, most times our greed also is what leads us to be a victim of fraudster or scammers, the feeling to wanting more, why not just go with the already picked strategy and follow it up. Consistency and discipline in Bitcoin investment is what truly matters because if you start up an investment with low capital and you somehow seem to be very consistent in it then you will be surprised of the result will achieve at the long run of your investment.  

Bitcoin investment become much easier when you are firm and keep to the method you have chosen because anything that takes your focus and discipline away from the strategy you have adopted might end up the wrong way, especially if you let the feeling of wanting to gather more in a short period come playing in your thoughts, it can lead you to big losses because most investor lose this and tend to go for trading which for me is the most stupid thing  and option to take as an investor to help you boost your investment, because trading for me is just an advance gambling as there's no certainty to what can happen to your asset, well there is actually one very certain outcome if things go sideways which is loss of everything so its better to stick to the plan of consistency and follow up with your investment.

This is not true. While investing in Bitcoin is one way to apply your knowledge and possibly gain financial benefits, it doesn't define the completeness of your understanding of Bitcoin. Bitcoin is more than just an investment. I mean, it has broader significance, including; ownership, transparency, security, and more. Many people even study Bitcoin for just educational purposes, to understand blockchain technology, or simply to stay informed about digital finance. Let's stop forgetting that Bitcoin's value goes beyond financial gains.

There are many people who invest in bitcoin with zero knowledge, and most of them are investors or businessmen. Maybe they have an idea, but to say that they have done 100% research on Bitcoin, I don't think so.

Now, if we only do exploration or learning with Bitcoin, although it's not bad, we won't be able to appreciate the beauty of Bitcoin if we don't have its holdings, and to do this, you have to invest in or buy Bitcoin.

It's a good idea to set aside 10% of your income to buy BTC. Indeed, to get bitcoin, we don't have to go through the mining process, we can buy it on the open market with various investment patterns and types, whether using DCA like the one you have implemented or just a normal model.

Well, on the other hand, hackers are also a big problem for Bitcoin exchanges and as you said you need a safe wallet and don't mix up how many coins you have in one place because it can make you a target for hackers and identity thieves.

I think Blue Wallet Link: https://bluewallet.io/ is good and really deserves a place for your BTC.

Practical knowledge of each subject is very necessary. If you don't have practical knowledge then your verbal knowledge will not be of much use. If everything was based on verbal knowledge or concepts, people would not be so focused on practical work.  

Let me give you a small example, we see various videos about driving on YouTube and those videos clearly mention the driving techniques and how to drive? Of course we can't, because we have to try to apply what we learn about driving. You can compare this example of mine to education and investing in Bitcoin. No matter how knowledgeable a person you are about Bitcoin, every time you go to invest in Bitcoin, whatever verbal perception you had about investing will change.  
An investor understands the true meaning of investment when he invests in Bitcoin. Just as our preparation before giving the exam is not 100% common in the exam, even if we know everything about investment, still we cannot apply 100 percent in practical application, that's why every investor should invest at least once to understand the real meaning of investment.  

As an investor invests and researches more about the investment he will gradually learn new things about the investment.

I want to share my experience with WeFinancial, a platform that claims to be trustworthy but turned out to be a huge disappointment. I've been a client of WeFinancial, and I've seen how things work from the inside. It's not pretty.

To put it simply, WeFinancial cheats traders in a really cynical way. They make it seem like they're doing all these checks to protect their clients, but it's all a facade. In reality, they are just out to deceive people.

The website itself is problematic for clients. It adds issues and complications, making it even harder to trade. These scammers have nothing in common with legitimate brokers.

And the most alarming part is their lack of proper registration. They claim to be in places like Grenadines, the Republic of Estonia, or St. Vincent, but it's all smoke and mirrors. They don't have any real oversight, no licenses, and no regulators. It makes you wonder who falls for their schemes.

I fell for it because I hadn't dealt with scammers before. I've always traded on platforms that delivered on their promises. But WeFinancial is a whole different story. They blocked my account with $80,000, and it's been a nightmare.

I just want to warn others – don't trust WeFinancial. They offer services that seem too good to be true, and that's because they are. I'm currently in the process of trying to get my money back through Tracingia LLC, a firm that specializes in helping victims of scams like this.

In the end, the choice is yours, but I wouldn't recommend opening an account with this broker. It's been a tough lesson for me, and I hope others can avoid going through the same ordeal. Be cautious and always do your research when it comes to your money.

I agree with what you have said so far. Basically, practicing what we have learned is a good idea because, while practicing what we learned, we will gain more knowledge than the oral knowledge that was given to us by the teacher or from what we have read.
( I.e) some female children that really want to learn how to cook good meals for their parents always look at their mother or their chef while he/she is cooking, but without the female child practicing what she sees, she can not have good experience of cooking, so the child must practice it first before she can be perfect in it.

Coherently to Bitcoin, if there is no practice, then there is also no good knowledge. (I believe this statement), like most of us might have already heard that knowledge is the key, but practice makes perfect, I underlined that statement because it is very important. It's very important because it's true. Without practice, knowledge will be a very big trash.
These are some of the reasons why, while we are attending high school, some lecturers do give us an assignment so that students can practice what they have learned so far. So, without practicing what we have learned, we can easily forget about it, more especially for those that do forget things easily.

Isn't it better to invest in where the risk is minimal or no risk? I care about profit, but that does not really mean I will take risks for my hard-earned money. It's easy to create a token, or coin by spending a couple of hundred dollars and running some promotions. If you check coinmarketcap, there are 1.8 Million cryptos (Shitcoins). How many of them were listed on exchanges and how many tokens/coins name you can remember? Those are centralized pump and dump coins. Most of the developers run away with investors money while Bitcoin is safe if you compare it. It's better to have little profit than losing your entire investment.

Apart from having to remember some of the things you have mentioned, I think financial benefits also need not be forgotten because this is also part of Bitcoin's completeness with very clear evidence that Bitcoin can indeed provide financial benefits to everyone who has believed in it for a long time.

So studying Bitcoin by including some of these things is indeed very good and also very comprehensive, but financial benefits are also important to learn because this will make everything else worth learning for everyone. If there is no financial benefit in it, why do we learn all these things by using more time that could also be used for other more useful things?

Bitcoin is a cryptocurrency that has proven itself successful. Every investor wants to make a profit. One of the factors that determines risk in investment is that the amount of profit varies depending on the investment. Therefore, Bitcoin investment may not bring much profit, but it will not cause losses in the long run. I can't say this for other coins.

Wherever there is risk, there is also the height of the snow. That's why some investors aim to make high profits by choosing high-risk coins alongside Bitcoin, but they usually end up failing. That's why I think Bitcoin should be the first investment choice.

The matter of consistency is indeed very important in investment, if you don't pay attention to this, our investment will be more perforated in the sense that you invest less because you don't think about it anymore.
No matter how little we put in bitcoin if it is done consistently every week even if it is only $5 it will still be great if in a period of 5 years, we invest do not bear the matter of time even if it is long you will produce better than short term so it is very important to invest more than 5 years in bitcoin.

Must have a strategy in investing, if not then of course there will be obstacles, if it is suitable for the DCA strategy as the right investment then do it as long as you are consistent.

Fraud in bitcoin? You should not be influenced if someone offers an investment of so many BTC and then gets double in a few days it is clearly a ponzi scheme and must be far away, if the beginner does not know then he must be informed of this awareness so as not to get trapped.
Regarding other problems such as hacking, losing seed phrases, it must be self-awareness, for example if you store btc in a hotwallet, (electrum) then you must be able to protect your computer from virus attacks to prevent hacking, as much as possible must be able to anticipate and always be vigilant.

Every risk we will face will certainly be proportional to the benefits we will get, so it is very important that we understand it well in order to reduce risks or avoid risks that we may not want. Every person has different ways of getting profits from the investments they make and of course they have a good understanding of the risks they get which will be proportional to the profits they get so if they are brave enough to face the risk of loss they will face, of course they understand how to do it to be able to face the risks they will get.

This reminds me so much of my academics years as an Engjneer. We had theoretical classes and practical classes to put to practice the theories we learnt. The theory forms the basis and gives life to the practical, the later being what people actually see. This can be likened to knowledge of Bitcoin and investment in it. While the knowledge is the theory, investing and holding Bitcoin is the practical... both goes together. But the investment is what people actually see, it is like the result of the knowledge. 

If you are so knowledgeable about Bitcoin yet you don't own Bitcoin, I doubt if there is anyone that will take you serious when discussing Bitcoin. Instead those who actually own Bitcoin will be treated as authority in that field and given listening ears when they speak.


This is another aspect of this I just realised. There is a popular saying that "where your money is where your mind is", this means those who are invested in Bitcoin will take the knowledge aspect seriously than those who are not. By this I mean, one tend to seek for more knowledge in a business he has committed his finances to.

The knowledge of Bitcoin is a continuous one as many new things are still discovered on daily basis. From software wallets, hardware wallets, mining tech and others, the knowledge is evolving and those invested in Bitcoin will not want to be left behind. So, truly, investment in BItcoin is the real proof of the knowledge. 

Of course I believe about that, every risk we take will be directly proportional to the level of profit we will get, but I say that if we do manage to get the benefits, because obviously with a fairly high level of risk it will not be easy for us to get through it. Well that's absolutely right friend, therefore as in general that every time you enter into any field then at least you must have knowledge or a little skill, if indeed you don't have all of that then you can learn slowly and if you are ready and feel enough then you can start your investment. None other than because it is knowledge and knowledge that will lead you to real profits and also do not forget self-control and planning along with good management because only that will be able to minimize your risk of loss.

True, everyone has a different way of investing and their way of making profits and I think it depends on the individual's personality and character. I hope that if you are still a beginner in investing then just allocate a budget that you can be fully responsible for, don't be too greedy, it doesn't matter if the profit is small as long as it is consistent, and if you are able to get through it then you can increase your profit target.

It is actually true that every person can have different strategy or investment to achieve profit. But to achieve that profit, that person must be capable, it may be his personal investment strategy or trading analysis skills. Moreover, if you see that everyone has a different way to invest, but not everyone is successful in this field, very few people are successful, especially those who invest in altcoins or shitcoins in more case they face loss. Although there is a saying that no risk no gain, the brave are the wise who use their heads to take these risks. What I really mean is that if you want to take a risk, you have to take a risk in the right place, which means it could be Bitcoin.

Getting scammed's got to hurt. I'm sure you wouldn't want other ppl getting caught in scams they would've thought are trustworthy so it's helpful if you post in the correct board. I don't know who WeFinancial or what they've done but you've been scammed so you should've posted in scam accusations (https://bitcointalk.org/index.php?board=83.0) to help other ppl.

Assuming ppl know about how exchanges work studying bitcoin doesn't have to be comprehensive. They've got to know enough about how wallets work so learning about cryptos in general covers it generally.

One of the basic knowledge of bitcoin is that you should only invest with the amount that you can afford to lose to save you from any risk as a newbie. To go into bitcoin investment it needs little knowledge because all you need to do is to buy first hodling and continue buying gradually with DCA method, and I don't think that there is any risk in just hodling and increasing your bitcoin, when you are using a self custody wallet. Along the line of hodling, you can jeep improving your knowledge on your bitcoin investment to have a broad understanding. Imagine that you are mechanical engineer and you want to know all the theory in you head before you go into practice, this will be a big blunder because theory can easily be forgotten. Mechanical engineer will learn better on his field when he does more of pratical than theory. This is the same thing that I see with bitcoin investment. Just the way the car is to complicated for one mechanic to fix all of it, because there are various angles in a car. We have the engine repair, the electrical side in a car and even the panel beater that amend the body of the car when it bashes in an accident. This is similar with bitcoin in its complexity to study it.

Because in this case we have to pay attention in terms of our quality and quantity as well.
Indeed we will lose in terms of quantity (the total amount invested) but when we try to be consistent then our quality will be a little guaranteed because there is a saying that was always taught when I was in school where it says "little by little then the longer it will become a hill" this seems to be commonplace when the quantity of buying bitcoin with a large amount but only once. It will definitely be profitable but on the other hand when we don't have a lot of money to invest then we have to measure our financial management well so that the needs we have to support our daily needs are not lacking but on the other hand we are able to invest so that we use the quality of consistency that we can do.
Indeed, the profit from buying around $5/$10 will definitely be very small if we only do it with quality but with consistency then it will definitely be better.
Regardless of how much profit we receive it is the result of what we invest and that is a matter for later because IMO when we only rely on large profits it must also start from the smallest first because it will be very useless if we only strive for the big but will make ourselves miserable because it is only self-imposed.
The problem of fraud is actually that it will definitely happen anywhere and anytime because when something exists and is profitable there will definitely be something like this but that does not mean that we also have to avoid this process because in the end we must be aware that in the end it can also be minimised if we do not ignore the steps that must be considered.
The point is that in any case our thoroughness will definitely be tested so that once we are careless and do stupid things then surely this will have an impact on ourselves.

Well, the smart investors win. Investing in crypto is not all about money, it is not all about having a huge investment but in order to make a profit, we should be smart enough to deal with the volatility of the market and of course, be strategic. Choosing the right investment, and the right coins seems very important which is why we should be knowledgeable enough and know what is crypto before investing. It was not too risky as we thought unless we didn't know what we were doing.

Not always win because know that in investment world then not all would really be that successful on which means that if you are really that taking up the risks on planning to earn money via investment then you would really be needing to deal with the risks involved with it. You cant really be just having that safe play on making investment but doesnt have accompanied risks? Its not investment at all but rather you've been dealing with a scam.Dealing up with this market and buying up coins or projects then we know that assurances cant really be that applied even if you do stick into those established projects but still it does have risks on losing your investment or a portion of it.

There are really that moments in life or situations on which it is really not something that you could really be able to deal with since you are really that having no capabilities on taking some investment due to lack
of money or fund and this what makes it hard to mind on and if it turns out to be profitable then you would really be having that kind of regret which you cant easily forget. You would really be telling that
what if you had just made out such investment then you might be able to make money now.This is why it would really be that a matter of risks taking if we do speak about making money
which you should need to act.

I'd ask if you needed to be knowledgeable to be successful. Isn't it possible you'd be capable of investing in Bitcoin successfully if you didn't know everything about how it work. What you know about blockchains, forks & fees shouldn't stop you on how to make max profits but risks will remain.

Life is all about risk and that is how every investment comes with her own risk. Most times when we put the risk associated with an investment in our minds when venturing into it, this will make us careful with the investment and learn about the risk management in that investment so that one can be successful in it.

This is the same thing with bitcoin, you don't need to know everything on bitcoin before you invest. Rather you should know the basics and then buy bitcoin and Hodli. This is where anyone that want to be successful in his bitcoin journey will ask about the risk management, which is invest in a long term. I believe that is the only way to manage risk in bitcoin investment, because when you are in a long term investment, you can accumulate frequently, and also learn more on any angle of bitcoin that is of your interest or better still majority knowledge on bitcoin.

It is simple as this, know the basics and how to less the risk in your bitcoin investment, which boils down to invest in a long term, and have emergency funds and on reserve, so that you don't sell your bitcoin when it is not of your will. In bitcoin journey, experience plays a major role on accumulating and hodli to be successful.

Altcoins will be a big mistake for anyone that wants to  invest and continue learning about it, because it can't be a long term investment, and it will also be a waste of time and resources to do that. Only bitcoin can be used for such because it has come to stay.

OP you are right that knowledge in bitcoin is not complete without investing in bitcoin. If we want to do any work, first of all we need to gain knowledge about that work. Now I have acquired the knowledge to do business. For example, how to purchase goods? How to sell goods? I cannot do business easily if I am not shown practically in that regard. On the other hand, if we look at Bitcoin, we see the same phenomenon. On the other hand what is the use of gaining knowledge in Bitcoin if you don't invest in Bitcoin. Now if I have gained knowledge about Bitcoin in all aspects. For example, how to invest, how to save in wallet, etc. now how do I know that my knowledge about Bitcoin is complete? So I need to invest in Bitcoin to gain complete knowledge in Bitcoin. But beginners should invest small amounts. Of course everyone stay away from altcoins, choose Bitcoin.

I agree with you that one will not understand anything about bitcoin or fully master bitcoin technology without buying bitcoins and only learning. So I think to gain full idea about Bitcoin or to gain knowledge you need to invest in Bitcoin otherwise it is not possible to gain full knowledge about Bitcoin.And finally, I think you must ensure your own security before you can be considered a bitcoin bitcoinist.

There is a lot of risk. Its what makes investments, right? If you jump into bitcoin without thinking about the risks, its like jumping into deep water without knowing how the depth work. Not only is it important to know the basics of Bitcoin investing, it's also necessary to stay alive in the crypto jungle. You dont have to know every little thing, but you should have a basic understanding. Required without a doubt.

However, your insistence on the singularity of Bitcoin's dominance over altcoins is... interesting. Every purchase, every coin, has its own risks and prospects. Some altcoins may not have the same long-term image as Bitcoin, but it seems short-sighted to completely ignore them. A golden rule for investing is to spread your money around. This is especially true in the world of crypto, where putting all your coins, or eggs, in one box might not always be the smartest thing to do. Yes, experience is important, but so is the ability to change and adapt.

Yeah actually you did the right thing. Although am a new person here and I need to lean more but we all are learning. If actually you did it earlier i think you would have made some buks by now I think this particular word buy the dip and hold , Has fully emphasis on how to buy when it's dip because Bitcoin will surely rise. Just check the time this thread was created I think Bitcoin was around $25 to 26k but today Bitcoin is now $34k some one who bought 2bitcoin at 3weeks ago at the rate of $50k is now having a total sum of $68k. Which mean the person is now $18k reacher that is the power of holding. Not necessarily mean you must buy that amount because you would buy what you can afford but as beginner.

You just made the write decision. What keep people from growing is procrastination. Success is always a try an error attempt. If one does not make a move rather procrastinating you will see yourself always stagnant. "Action speak a louder than voice" they said. In this

This which you have said here is very inportant, in my cuntry inflation has eaten up the economy and those who are into crypto currency are advantageous of it. When you apply the DCA method and hold, your coin you will be free from economic inflation. As fiat currency falls so Bitcoin gains. Indeed you have make the write decision and I think you will never regret. But make sure you have a steady sorce of income sothat your Bitcoin investment shouldn't be tampered unnecessarily.

This seems to me like a mixed up or something close to that. The technical aspect of Bitcoin is totally different from the investment aspect of Bitcoin and both require different approach as well as psychology. The technology behind Bitcoin is easier for those who are tech savvy or have committed so much time learning it while the investment aspect resonate more with those who understand how to create and sustain wealth. The later sees Bitcoin as money and pay little to no attention to the programs or code behind it.

Let me draw your attention to fiat payment systems where people use cards implanted with chips. More than 90% of the people using these cards do not know the tech behind it neither do they understand the electronic circuit configuration of these cards. The best they know about these cards is how to protect their pin, and other sensitive information as well as the physical cards. This is like the basic knowledge of Bitcoin... how to buy, secure and protect the wallets.

Like many people have already commented here, investment in Bitcoin does not require so much knowledge of Bitcoin... just the basic knowledge. Meanwhile, being too knowledgeable in Bitcoin without actually investing in Bitcoin make you somehow incomplete as you will not fully appreciate the practicality of the knowledge you have.

When one means diversify...this doesn't really mean that it should be done on the same line of investment. For instance, if I am a bitcoin investor and I want to diversify, I am to diversify into stock, gold or bond and not in cryptocurrency anymore, this is because they are all following the price movement of bitcoin. If bitcoin dumps, those altcoins dumps and vice-versa. As long as you have investment in the superior of all cryptocurrency, which is bitcoin, there is no need you think of those altcoins because you will end up losing your funds if you want to hodli for long, and you will not have a rest of mind because they are centralized, and one day the dev can just shut down and move away with your funds. You wouldn't have anyone to blame but yourself. We have seen so many altcoins that have crashed in the past and I believe that these existing ones will still crash because they are have the same features. Investing in altcoins is gambling and I wouldn't advise anyone to spread his funds around different coins, but to stick with bitcoin alone because it is only bitcoin long term investment that is profitable and guaranteed. Especially this thread is encouraging newbies to start investing now, instead of them to learn everything on bitcoin first, which makes it unethical for newbies to think of investing in altcoins when we know that it is not a good start for anyone new in the cryptospace. Newbies and other investors should invest in bitcoin alone, and if you have acquired your target amount of bitcoin, you might invest in altcoins if you feel like to gamble with them. However, we are different and have our own various ways of investing that we think will work for us.

If we learn something if we do not use it in practice then we do not gain full knowledge about it. Likewise, if we who know or understand about Bitcoin do not use Bitcoin, then the knowledge about Bitcoin will remain incomplete. Bitcoin usage refers to investing or trading Bitcoins. For example, if we study, we have to take an exam to give real evidence of this study. How well we do in exams depends on how much we study. Similarly, investing in bitcoins shows how much you know or know about bitcoins. I think the knowledge of learning Bitcoin remains incomplete without investing in Bitcoin.

Bitcoin investment is really good when you have good knowledge of technical analysis, there are some opportunities like DCA in order to help you make profit. Also those who aren’t familiar with DCA can make use of some functions like Bitget smart portfolio in order to help manage your assets automatically.

There is a big difference between learning about a subject and applying it. Education about a subject will make you knowledgeable about that subject but actual knowledge about a subject will make you much more skilled and experienced in that subject. As much as it is important to know something, it is more important to put it into practice. 

It is as easy as seeing an operation done by a doctor, but many times more difficult. A surgeon does not become a surgeon so easily as he has learned enough about surgery and he has practiced enough about surgery and when he has practiced enough he becomes a surgeon at some point. 
Be it medical department or technical department, practical education is most important everywhere. 

Gaining knowledge about investing in Bitcoin is easy, in this age of technology one can easily gain knowledge about investing but a person cannot gain real knowledge about investing in Bitcoin so easily. An investor needs to be directly involved with the investment to gain a real understanding of the investment. 

If an investor is directly involved in investing in bitcoin, he will invest periodically and he will realize his mistakes and he will work on his mistakes, then he will invest again and if something goes wrong, he will work on his mistakes again. But this is how an investor transforms himself into an efficient investor.

It is true, you cannot sell a product without having consumed it yourself, this can cause many things that can be quite good, I think that every person who is a fan of Bitcoin has to have Bitcoin and it can be in their mind to always have more and more , I try to have more in what I can, it is difficult, but not impossible, even if you trade for a long time it can be done, but when things are done to be better, the future also has to Be built on bitcoin and that can Being something that has to make us buy every time we can, our investment in an asset that can explode in large proportions is a thousand times Better than a bank where they Charge you for Interest.

It's a good thing that you are so determined to invest in Bitcoin. Buying Bitcoin with the money left over after meeting our needs is one of the best investments for the future. Bitcoin is on its way and Bitcoin investors know it. What makes Bitcoin special also makes its investors special. I wish everyone who wants to learn about Bitcoin and be able to invest when the opportunity arises.

We can complement Bitcoin knowledge by investing in Bitcoin. Things go better when we turn our knowledge into action.

From adequate knowledge of Bitcoin investing to no practical experience in Bitcoin investing, it seems to me like going for a test without a pen. Just as it is extremely foolish to take an exam without a pen, a person who thinks that after acquiring theoretical knowledge about Bitcoin investment that he knows everything about investing in Bitcoin, then his thinking is also very foolish. It is not only Bitcoin investing that requires practical experience, but outside of Bitcoin investing, one must have a practical understanding of everything. You are an engineer but you have no practical knowledge no matter the company will trust an experienced technician more than you because here that technician has more practical knowledge than you.

 Investing in reality helps to understand the basics of investing. If every investor has real experience about investment, then he can help others with correct information about investment in the light of that real experience, as a result of which new members will come to invest with positive thinking.

That is not true.  There is no need to fuck around with shitcoins.

There could be some newbies to investing that might well start out by only having one investment until they get up to a certain size in which they start to feel a need to diversify.. but diversifying does not necessarily meant to go into shitcoins.

What are the thresholds to diversification might be another question, yet frequently this idea of some kind of need to diversify both distracts people from one of the best investments available (if not the best) and also may well cause them to dilute an already decently small sized budget, and it could take a while merely to establish funds dedicated to bitcoin that might be used to DCA, buy on dip and lump sum..

as well as further funds that may be needed to get cashflows in order (take care of some debt and to make sure to build an emergency fund, which should be basic investment themes that are even more important in the beginning stages than getting distracted by dumb ideas of diversification, as if getting distracted into shitcoins is going to be helpful to anyone, especially newbies... which surely many of them may well get distracted easily into shitcoins based on not really understanding the difference between bitcoin and shitcoins or even understanding with any kind of high level where bitcoin fits as in terms of its investment thesis.. which may not exactly be needed to know all of these things in the beginning even though it does not seems to help to be suggesting that there are needs to know about shitcoins more than just the mere basics of staying away from them, which means, not to diversify for the mere sake of diversifying (until maybe you have some kind of a reason to diversify).


Surely.. similar to what I am trying to say.. but you (Sim_card) said it first in response to Blitzboy... but surely it is a repeating theme, including one that Blitzboy seems to continue to weave into his posts from time to time.

Actually in as much as what you said about diversifying most of our investment to other source is correct but I have to disagree with you if what you meant by diversifying is to consider investing on altcoins.

For me is totally not investment wise considering altcoins for investment, actually how can we even think of altcoins when Bitcoin that we are very sure of it potential and the benefits of holding it for years to come.

But however is totally depends on  individual on what they feel is right for them.

It is not really a golden rule to obey in cryptocurrencies. Generally, it is an important rule to consider while investing. Like some people who would invest in stocks, bunds, real estate, gold, lands, agriculture, and also set up big businesses for themselves. Some people choose to divide their money and invest in three different categories, while others choose two, five, or Vasatile. But while investing in cryptocurrency, if you split your money into 10 different coins, including Bitcoin, don't be surprised that only Bitcoin can give you the opportunity to make a profit. Luckily, you can make a little profit from one or two alt coins from the list of 10 coins, and the question is, where is the money invested in the other coins? I believe that's a loss investment for the other coins you never make profits on.

Splitting your money to invest in altcoins is like staking on different games; you are not sure which one you would make a win from; it's even possible that all could bust, and the money you invested becomes a waste.

The idea of diverting from Bitcoin to shitcoin has never been considered a good one, because the end product has always landed in regrets that leads to depression. Shitcoins are not worth the risk of diverting from Bitcoin holding or accumulaion, just as the name implies "shitcoin/altcoins" they are just imitations, and imitations like this, don't really have the guts to excel more than its original. Take for example, during when I created my bitcointalk account, assuming two person started investment that day, One on Bitcoin and the other on XRP. Reason I want to use XRP is because, around 17 of July ripple won a legal court case against the US SEC and that boosted thier trading volume even more than bitcoin at that time, but that didn't make their price even up to 3% of bitcoin price.

(price on the 11th of July) VS  (Current price)

 https://talkimg.com/images/2023/10/31/TWtRZ.png                 https://talkimg.com/images/2023/10/31/TWzr8.png

https://talkimg.com/images/2023/10/31/TWFW3.png.                https://talkimg.com/images/2023/10/31/TWkAa.png


Since then till now bitcoin has had more than 10% increase in its price which is equivalent to $3041 but despite the increase in XRP is still nothing compared to bitcoin.
The only exception for messing around with shitcoin is when you are been paid in any of then yet, you are still advised to make a quick exchange or swap ASAP, because their volatility and inflation for tokens are very annoying.

You are apparently right. Well for me, even if Bitcoin is riskier than other investments, I still choose Bitcoin in place of altcoins or shitcoins, because Bitcoin has shown a lot of good potential in the past. Shitcoins/altcoins name alone had no meaning (I understand the word shitcoin as a currency with no value), but for an investor to divert from Bitcoin investment to an altcoins/shitcoin investment, that means the investor might be highly confused, or the investor is comparing Bitcoin to one of those wrecked coins like altcoins/shitcoins.
However, I checked your registration date on this forum, and it is true that the XRP coins were pumping as of that period you registered, but that still can not be compared to the Bitcoin bump because Bitcoin pumping moves in a skyrocketing way. Take a good look at the past 2 weeks (if I am not mistaking), bitcoin jumped from the price of $25k or $26k till the current price it is now, ($34,371.81).

That's true. In the beginning my idea was to fill up with knowledge first and then go for investment. However, I thought practically and saw that if I have to fill up with knowledge about it before making an investment in Bitcoin, then I don't have to invest here, I just have to be behind the acquisition of knowledge. But I also agree that it would be foolish to invest without knowing some basic facts.
Practically speaking, if anything in the world is not embodied in reality and is confined only to books or texts, then it has no value in reality. So if you want to make bitcoin investment, you may face some mistakes initially, but I think there is a positive side to it and that is the opportunity to recognize the mistake you have made and gain some knowledge about it so that it does not happen again. So "Bitcoin kwoledge is not complete without bitcoin investment" >:D

Why are they saying that bitcoin is risky than other investment like gold, stock and bond, or real estate is simply because if the volatile nature of bitcoin, especially for people who are in a rush to sell their bitcoin. When you invest in a long term, you have overcome the risk in it. This is why you must invest in bitcoin to complete your knowledge on bitcoin by experiencing the risk attached to bitcoin investment and hodli. I can take 5yrs to learn bitcoin but still don't know the strategy on investing and grow my investment. Only practical can teach your how to go about your bitcoin journey and which accumulation strategy that will suit you base on your income.

Some newbies can't differentiate their right from their left in cryptocurrency, I.e they don't know which is the best and how to start with their investment, and it is these kind of people that will invest into the wrong coin or will listen to influencers and invest into altcoins, and that is why we need to tell them the difference of bitcoin and altcoins and also guide them to the right direction. When I just came into the forum, I never knew anything about cryptocurrency and I thought that they are all the same but the forum changed my thoughts abs clarify me about the difference. It is the same thing with diversify, I have seen so many forum member think that diversify into other assets means buying altcoins.

Sure it is likely that long term price performance is going to tell us about where the fundamentals are in terms of bitcoin versus various shitcoins; however, we have to be careful in regards to getting too caught up upon short-to-medium-term price performance comparisons - since that is going to have a lot of potential for taking us down crazy paths, including believing that there is value in various kinds of crap like Ripple/XRP,  Ethereum and/or some other new-kid on-the-block crap, merely because they have existed a decently long time and a lot of crap has been built in and around them. and/or one piece of crap has potential to replace another piece of crap, whether the crap happens to claim to be an ethereum killer or a bitcoin killer or whatever, a lot of times there are subtle ways of selling their baloney.

Newbies may well not be able to easily recognize the fundamentals in the beginning regarding how bitcoin is differentiated, including the value of  bitcoin's proof of work system that is truly innovative, revolutionary and paradigm shifting, and the various shitcoins should not be getting mixed up with bitcoin, even though there may well be some of them that might even pump against bitcoin for 5-10 years or maybe even longer, and they may also exist in various states seeming success for decently long period of time before how shitty those projects are is actually reflected in the market and/or the market price..

So I become a bit confused regarding why many members merely want to make price performance analysis in order to try to figure out which coins and/or projects might have value relative to bitcoin.. Almost every shitty project has to be analyzed on its own in order to really point out the ways that it is not worth much if anything in light of bitcoin, but that lack of value does not take away from people pumping the bullshit and even being able to demonstrate long periods in which their crap out performed bitcoin. which likely there are going to be coins that outperform bitcoin at various periods in the future, but still likely does not justify getting involved in any of them.

You're right splitting your money to invest in altcoins isn't excessively different to making bets. If you're being realistic you don't expect all of your bets to win but you'll hope if one becomes a hit it'll return a profit by covering losses on the losing bets. It isn't a sensible approach if everything's at risk of going bust but it's a possibility it's going to happen if you're betting on bitcoin or spread on altcoins.

Even though bitcoin carries risk, many people who are familiar with its functions would prefer to own it over other riskier assets.

Every asset, in my opinion, carries some risk, but if you choose bitcoin, you could be able to profit handsomely in comparison to other assets, regardless of the risk. However, in order to succeed in bitcoin investment, you must refrain from doing any actions that could compromise your wallet

Of course we always consider investing for the future. Saving and investment are very important for a man. People save and invest for the future, but people do not invest and save for the present. People who save and invest are very intelligent, I say intelligent because the condition of human body is not always the same. Today your body is healthy but in future your body may be sick. You may be able to earn money today because you have strength in your body and you are healthy, but when you are sick but you cannot earn money even if you want to, then think about what will happen to you if you do not have savings or investment. There is no need to spend the entire amount of what we are earning now, instead of spending the entire amount by saving a certain amount of money every month from that a person should save some amount of money and a person should invest some amount of money. Since I am talking about investments in this section I am definitely talking about Bitcoin investments. 
In the beginning you might think that we don't have a good idea about investing in Bitcoin so how can we invest here. In the beginning no one actually has enough knowledge about investing they try to learn about investing in different ways. 

As a newbie like others, you should try to learn about investing first and keep trying to learn how to gain enough knowledge about investing. Whatever knowledge you gain about investing, you have to put it into practice. Learn and put into practice how you will become a skilled investor in no time. 
Practical knowledge about investment is very necessary, that's why I said that as much as you learn about investment, apply it practically.

We often hear/read people here telling advise about "You Must learn first before investing" but for me ? one thing that always matter that I already experienced . why not instead of doing that is "Invest first while Learning" as long as that amount are what you can afford to lose.

Try to Imagine that you invested in bitcoin when the price is 30k , then you start learning and study , after few years price grows to 100k and your knowledge then is completely about bitcoin then your profit can be used for another strategy right?
that is how I see the best in bitcoin learning and yes earning .

What do you call being risky as regards to investment in BItcoin? Are you one of those who believe that Bitcoin is a bubble? Some of them are still waiting for the price of Bitcoin to become zero while Bitcoin is breaking new grounds, gaining acceptance even getting set to create a new ATH.

From historic data of Bitcoin, I really do not see the risk that people associate Bitcoin with. Everyone who bought and held Bitcoin have always gained massively. As a matter of fact, Bitcoin is only risky for those who treat it like ponzi or gambling, I mean those who want to buy Bittcoin today and within a short time, expect to become rich through Bitcoin.

The most risky thing I know is refusing to buy Bitcoin even after knowing about, simply because you listened to ignorant or those who are too lazy to do simple research about Bitcoin.

Experience can indeed be the most valuable lesson, but in my opinion it is impossible for someone to invest in Bitcoin if they do not have knowledge about Bitcoin.
It's better to do it simultaneously, understand and learn in a short time then invest in Bitcoin while continuing to learn, regarding the size of the money we will invest, we will of course adjust it to the beliefs and knowledge we have so that later there will be confidence in the amount of investing. But what you have to remember is to stay away from greed and learn to be emotional.

It's actually not impossible, believe it or not I have experienced it first-hand. I have a friend who works overseas and he has been so busy doing all sorts of job to save more money to build his own business when he gets home. He never had any idea what bitcoin is, he just read it over the internet, he also heard it someone talking about it in the work place but he didn't bother to dig on some basic information about bitcoin, all he know is that it could potentially create an opportunity to earn tons of profit. So, he ask me to put his money to bitcoin and he wants me to handle everything as he has no time to learn the ropes. I respectfully declined, I don't want to ruin our friendship if everything goes south. All I know now is he have someone holding his bitcoin for him, but he still have no idea what bitcoin is and how it works.

Bro, you're misunderstanding everything that was said. Indirectly, you're still saying the same thing. Your friend doesn't have any experience with Bitcoin, what he has is belief in the potential of Bitcoin. That's why he entrusted you to manage the investment, as you have experience in this field. If you didn't have experience in managing the investment, would you have accepted his request?

Yes, you can make investments in various assets, including Bitcoin, without having experience, but only if your funds are managed by someone with little or much experience. Otherwise, your investment would be at high risk, and no one wants that. If it's an individual venture, and the person lacks experience, the investment will likely decline over time unless they learn and gain more experience in the process.

I totally agree with the op, though the discussion has really gone and come a long way, i am just coming across the thread for the very first time and i guess it's not wrong to say something.
It is commonly said that experience is the best teacher, so this is to say that nothing beats being experientially knowledgeable in something, which in this case is bitcoin. It is one thing to read and gain some knowledge and insights in operability of bitcoin, how it works and all that, but it is completely a different experience altogether to have the first-hand experience in what bitcoin truly is and how it operates, for now, your knowledge of bitcoin is no longer completely based on what you read or what someone told you, but now, your knowledge is also based on your own personal experiences as well.

So yeah, anybody involved in this space deserved to buy some bitcoin, no matter how little, if you ever will try to teach somebody somewhere about bitcoin someday, you need to own some bitcoin yourself today.

 

I get the whole point you are trying to make, but I wasn't trying to say that Bitcoin risk is more than other investments or business risk. What I am trying to insinuate is that even if Bitcoin is riskier than other investments, I still choose Bitcoin., before I made the comment I had already known that every investment and business has its own risk. That is why I said what I said earlier.
Well, I chose Bitcoin because Bitcoin has the potential to improve more than other online investments or business. As for me, I don't deal with shitcoins or altcoins. If you can take your time to read through all my comments on this thread, you will understand that I don't give a fuck to altcoins or shitcoins.

However, we all know that Bitcoin has a risk. We cannot keep that aside, but anyone who chooses to take the risk will surely get the profits he/she deserves, although, each time Bitcoin fluctuates, either we gain or we lose, but that can not stop Bitcoin investors not investing in Bitcoin.
No, I am not.
Bitcoin is a good means of investment and for those who want to make it part of their business.
Yeah, it is true though, those that are waiting for Bitcoin to fall to the price of zero will definitely wait till their dear life if they don't take advantage of Bitcoin now.
Honestly, I wonder why they are so dumb when it comes to Bitcoin investment. Honestly, I could conclude that some of them end up investing in some shitcoins or altcoins because what they are expecting from Bitcoin (for Bitcoin's price to fall to zero), they are not getting it, so they buy some shitcoins and altcoins that are so low to their liking.
Honestly, you can't expect everyone to have the kind of knowledge you have about Bitcoin. Some people are really scared of Bitcoin (like some governments), although they can invest in Bitcoin, but with the kind of misconceptions they have gotten from the wrong hands. They don't have the kind of knowledge you have about Bitcoin, they end up not investing and still painting BTC black to others.
Exactly, it is a very bad idea not to invest in Bitcoin even after getting the knowledge and capital to invest. It is good to do their own research because it will help a lot of people to understand what Bitcoin knowledge is. Like at the alma mater, after teaching, there is an assignment and assignment also help a lot of pupils to gain more knowledge about what they are doing, self laziness is what makes a lot of people get embedded.

Your idea to you it's a great one but generally it doesn't work that way you have to learn have the grounded  knowledge of a thing before going into practice. What you're invariably saying it's like a student gaining admission into the college to study a particular discipline but he's being given a certificate to start practicing the discipline while he's just starting to learn and grow in knowledge about it. 
How can that person know how to face the challenges that's associated with that field when he has been inculcated in the knowledge of it already? With a little volatility that strikes resulting to a long bear market what do you think will be the response of  the investor that invests first before trying to learn about bitcoin contrast to an investor that have learned and knowledgeable about bitcoin before investing?


Allow anybody to think and believe whatsoever they want regarding bitcoin the most important thing is that BTC keeps disappointing them each year by gaining stronger ground and wider adoption and value. We know a lot of people that criticize bitcoin a decade ago today they are now the campaigners of the digital asset after seeing the progress.

I would not go so far as to say that bitcoin is not risky, but surely people will frequently mix up volatile and risk, so there are differences between something being highly volatile and its being risky in terms of downside risks of losing value such as going to zero or just continuing to cascade downwardly in price without ever recovering.  If any kind of investment downwardly cascades in price without ever recovering, then even DCA is not going to save you from a project like that, but instead just continue to suck value from you without even being able to get your value back, but at least DCA would limit the amount that you lose to no more than 100%....

Sure, volatility in itself could be considered to have some kind of risk contained within it, especially for anyone who might either try to play the waves or to become overly affected by the waves, but if the waves generally are upwardly trending, then time should resolve those matters, even though we cannot really know how much time it might take to resolve the matters in our favor, so there could even be some risks (and increasing risks) for those with shorter timelines.

In regards to a potentially downwardly spiraling price cascade, the DCA investor would continue to invest while considering that the downward spiraling scenario is possible in any investment, including bitcoin, and so maybe if we look at bitcoin from that downwardly spiraling potential angle, then we may well be able to identify that bitcoin is likely less risky than a lot of other places in which any of us could place our value.. because even though a downwardly spiraling BTC performance is possible, it does not seem to be very well backed up by facts and/or logic, even though we could still be wrong yet we would come to those kinds of conclusions regarding bitcoin's investment thesis strength mostly from studying what bitcoin's fundamentals are - in regards to being a mostly decentralized and open source system that is ultimately the best money ever discovered (invented) and the network effects of bitcoin continue grow (referring to the 7 network effects described by Trace Mayer (https://nakamotoinstitute.org/mempool/the-seven-network-effects-of-bitcoin/)),

and so it should be somewhat apparent that value is going to continue to flow into bitcoin, even though not guaranteed and we cannot really know the timeline but at minimum bitcoin seems likely to continue to have an upwards price projection, while at the same time having some potentialities for ongoing explosively upwards price performance, just as it has done historically, and there is no real evidence to suggest that bitcoin is getting less popular and less likely to have upward's price performances, even if some of the percentage of price performance does not seem capable of repeating past performance in terms of slope, but none of us should require such high levels of performance in order to be willing to take a decently-sized investment into bitcoin - and we do not even necessarily need to choose to be highly aggressive, even though some level of aggressiveness will likely pay off better than those who approach bitcoin whimpily, relative to their own financial conditions.. and at the same time some of those who approach bitcoin whimpily but consistently would have likely outperformed (and continue to outperform) those who are overly aggressive and end up risking too much without adequate preparations for various shakeouts (volatility) on the way upwards.


These kinds of people who rely on advisors and even someone to actually invest for them could still be advantaged very much by being in bitcoin and having exposure to bitcoin, yet they probably would be advantaged to continue to learn about bitcoin and even learn some basics about holding their own private keys and taking some personal responsibility over their own finances.. yet at the same time, we cannot necessarily stop people from choosing their priorities differently and/or even relying on the counsel and assistance of others, and sometimes if they are merely good at picking trustworthy people, they might still end up being o.k. but they are still taking risks in terms of leaving some of those responsibilities with others who sometimes might not be very honest (or competent).

As far as your not wanting to take on those kinds of responsibilities for the guy, you are possibly correct because you might have good intentions, but you could end up screwing things up, and you could even get in trouble for it if you don't do it correctly and then either the guy makes legal complaints or maybe even if it becomes unclear if you might be engaging in practices that are supposed to be licensed.. not that I necessarily agree with the laws and freedom of people to contract privately between each other, but there could be a variety of ways to screw up when trying to help people with some financial (and/or bitcoin related) things that they should be able to do for themselves but are not ready, willing and/or able to do them.

Over the years, I have had people ask me to get involved with some of their bitcoin investing matters too.. and mostly I have refused.. even though surely sometimes we do end up getting sucked into with some of these kinds of needs to help others and there are some people who we might well trust in a lot of ways and we know that they would not be able to invest into bitcoin without a decent amount of handholding  so we might end up getting involved in those kinds of relationships, since they might have gotten into bitcoin through their conversations with us, they might end up continuing to rely on us, even if we might try to make sure that they know that they are responsible for their own BTC decisions and investments, we still might feel some needs to help some of these people from time to time to make sure that they do not totally end up recking themselves.. It is not necessarily an easy balance.... when we have various kinds of relations in the real world.. and if we might talk about bitcoin from time to time in the real world, it may well have real world consequences for people around us and in various degrees of relationship to us.

There is no better way to put this than you already did. I think majority of the people commenting here agrees with the topic. The confidence and experience of an investor of Bitcoin is unique and totally incomparable to theoretical knowledge. Many people including myself are still planning to go back for deeper knowledge of Bitcoin after being invested in it already. Believe me, reading articles that explain some core things about Bitcoin make more sense to me now than before when my money was not in Bitcoin.

The real definition of pain is like being in a forum like this and engaging in the discussion yet unable to buy Bitcoin only to realize that Bitcoin have made a groundbreaking new high. When I was in elementary school, our teacher made a statement that "if you enter into your class one day and discover that everyone in your class has gone mad, you should follow them and act made so that help can come for all at once if need be. But in a case it happens and you refuse, the day your madness will come, they will not take it as emergency because it is just one person". Bringing this to our discussion here, anyone here, who have seen that we are all buying Bitcoin and holding, should just follow us and buy because majority of us as doing it. This is not the time to stay on the sidelines, a lot is happening across the globe and poverty is on the rise.

That's true every investment has a risk, even our daily business involves risk so perhaps if we should dwell on those risk it would be very difficult to start a business, so actually anybody who fails to take risk is eventually not ready to become a successful person because risk is inevitable.

Although in as much as volatility may be concerned on Bitcoin market but perhaps I don't see much of a high risk involved on Bitcoin but however it all depends on the intention of the investor because if is for holding I see no reason why price volatility will affect the mindset of the investor on less the investor is having a doubt or doesn't believe on the potential of Bitcoin.

I didn't get you right, are you saying that you will prefer to gamble with altcoins because there are possibilities that you will make profit? I must tell you this that when you spread your funds on altcoins the possibility of you running at loss is 98% because altcoins can't be seen as an investment as they can't be use for a long term investment because they will not survive. Everyday by day, new altcoins are coming out and some are crashing. This has been happening since the creation of the blockchain. But ever since bitcoin came out it has been gaining recognition and increasing in value which has made so many people become bitcoin investors because they are aware that when you invest in a long term, you will see profit in it.

 Investment is not something that you will be scared of everyday when you wake up or not having a rest of mind on where you put your money in. Investment should be seen as something that takes time to grow with patience and rest of mind on growing it bit by bit because you know that in future you will make good profit from it and the investment will still be running. This is how bitcoin is, you can invest and DCA regularly, and after 8yrs, you take your profit and keep the rest of your bitcoin to continue growing again. Altcoins is an an investment but a gambling tools because you are not sure if you will make profit from when you invest in it. This is why altcoins is not worth investing in because it was created by the dev to make profit from people, this means that they are after your money and not after helping you to get money through their project.

I don't see bitcoin to be risky, if can discipline yourself and stick to the investment rules of bitcoin that says, you should only invest in a long term and increase your bitcoin investment portfolio regularly with DCA so that no matter the level of price that bitcoin is, you can buy to cover up further price increase to balance up with the risks and benefits. No matter how risky, you think bitcoin is because of the price volatility when you are in a long term  plan, you will overcome the risk because bitcoin price keeps pumping with time.

It is those people that think that bitcoin is a get rich quick scheme that invest in a short term and they want massive profit, they will run at loss because that is not how bitcoin should be venture into, since nobody can predict the price movement of bitcoin right. Other assets has high risk and can't be compared to bitcoin in terms of risk and benefits.

I agree with you. Someone who doesn't have knowledge about bitcoins will never understand how profitable it is to invest in bitcoins and how long it should hold and how to hold bitcoins safely. But if one has knowledge about bitcoin then he can invest in bitcoin anytime later without facing any problem. so surely it can be said that no knowledge is waste. Bitcoin is one thing where a long term investment can yield a high profit but the charger financial status depends on who can invest when and how much.  But acquiring knowledge never depends on financial status so anyone can acquire knowledge even if their financial condition is bad.

This indeed appears to be a more rational response and can offer valuable guidance to newcomers. If someone possesses only a limited understanding of trading and investment, it's unwise for them to commit substantial funds. Such a move could potentially jeopardize their financial well-being. Instead, it's advisable to invest an amount they can comfortably manage, especially in the context of Bitcoin's ongoing high volatility.

On the other hand, if the goal is long-term savings, a basic grasp of fundamentals should suffice. The remainder involves simply periodically accumulating Bitcoin holdings. This approach is best suited for the long haul and doesn't necessitate delving into intricate technical analysis.

Nevertheless, the OP isn't necessarily mistaken. It's plausible that the OP believes that taking on the role of an investor will fuel their enthusiasm for learning about Bitcoin. There are undoubtedly individuals with such a character trait, but they are relatively few in number, so it wouldn't be accurate to generalize this as a common practice.

This aligns with a quote from Nora Roberts: 'There's no reward without work, no victory without effort, no battle won without risk.' Every great man on earth is someone that have taken some risk at some point. So, I agree with you that dwelling on the fear of risk is doing a great disservice to one's abilities and opportunities. Risk is an important ingredient in life that determine to a large extent, how much of our dreams we will achieve.

This comment is not to amplify the risk of Bitcoin investment but just to strengthen those who might be discourage by the notion that Bitcoin is risky, my way of telling them that even if Bitcoin is seen as risky, it is worth taking the risk. It is a risk that can turn things around for them.

It is actually true that many people see the volatility of Bitcoin as the risk aspect of it. If you are not a scalper, why bother about the volatility? The value in dollar will spike up and down yet the Bitcoin quantity is constant so no need of the panic. One thing that is certain is that after the spikes and volatile moves, comes some form of stability that always see the Bitcoin appreciate in values. This is the most important thing.

Actually, discussions like this are always repeated but in the end the conditions remain the same because when talking about risk all have the same risk when dealing with money and investment in the end the risk of loss is always there wherever it is (not only in bitcoin) but we always discuss risk and risk as if it is a very big problem that cannot be borne.
Not that we underestimate the risk in this case but on the other hand everything we do when we live everything must have a risk including in bitcoin so in this case the importance of us apart from studying bitcoin then we must also be able to learn about risk management because it is not to be avoided because if you only avoid the risks that exist then forever you will not be comfortable with the investment you are doing.

I didn't say that I agreed with the post because when you're spreading investments against altcoins you're doing what gamblers do when they're hoping one of their bets will hit a profit. The number of altcoins which haven't been successful isn't small. The dead altcoin list's exhausting to read. I'd advise ppl to shun investing in new altcoins because you can't trust you'll see a profit.

I think taking investing and  learning for beginners is not the best start. Beginner have lots of mindset toward bitcoin that are not real.  Most beginners don't really know much about the volatility of the market,  all they feel is to make money from investing.  I think learning to change the mindset of beginners to know Bitcoin is volatile and they do not need to rush to make profit. After changing the mind set investing can take place while learning still Continues. Beginner needs to learn before investing to know and understand what they are into.

What you said is true, irrespective of how everyone will wish to buy Bitcoin when the Bitcoin price is a bit lower that shouldn't give people the mindset that they should wait till the Bitcoin price moves to zero.

Perhaps as an investor having that mindset of always targeting or expecting Bitcoin price to dip the way that suit  them could be a very big mistake, because price may continue to increase were as you have missed the opportunity to accumulate thinking the price would drop to your expectation.

However this was what I told an investor when the Bitcoin was on a consolation zone within $26k to $27k when he was saying that he was expecting Bitcoin to dip more before he could buy, and little did he know he was making a mistake by missing the opportunity to buy Bitcoin with that price, so while he was waiting for the price to dip, the next morning he woke up seeing Bitcoin on $30k and he became surprised wishing if he had known he would have accumulated since instead of waiting for more  dip that did not even happen.

So considering the potential of Bitcoin every price it present to us now is very good opportunity to invest.

Just as it has already been mentioned by JayJuanGee and several others who have given their expert opinion on this topic, is still very highly necessary to clarify a few things and regards to knowledge and investment or starting a business,  because first when you want to build a good financial flow in form of investment or starting a new business,  you must first of all invest in building the right knowledge and experience because that is the first and basic capital needwd to succeed in any space in life as long as investment is concerns.


In fact, is not good enough to have money as the first capital for an investment and even if you have the money without the knowledge, you still end up spending and wasting the money without achieving anything tangible out of the whole thing, so knowledge is indeed power, and it guarantees you a safe and profiting journey since you will be approaching everything with expert ideas since you already have and build the needed knowledge about the investment,  although the good side of Bitcoin investment is that, one can buy and hold bitcoin while he/she spend the time to build the knowledge about bitcoin, but even at that, the investors must be careful not to have bought the Bitcoin when the price is at an all-time high because doing that may result in I to long wait and possible frustrations.

They won't lose money, but they might feel disappointed because they didn't earn the profits they expected. Negative ideas about Bitcoin often come from certain social influencers or online scammers who take advantage of people with little knowledge about the technology and end up taking their money. Anyone smart enough would research any investment opportunity they're introduced to. There's no quick way to making profits and it all requires proper knowledge. Without knowledge, one might feel like they wasted their money in the investment.

In order to invest in Bitcoin safely, it's important to understand how it works, especially the Blockchain and the market. Without this understanding, one might worry unnecessarily due to a lack of necessary knowledge. For instance, someone making a transaction without knowing how to choose the right fee might become concerned if the transaction isn't confirmed quickly. However, with proper knowledge, they'd realize that a slow transaction might be due to using a low fee and could find a way to increase it for a faster transaction. Having knowledge allows one to handle various situations and seek help if needed. Therefore, it's crucial to prioritize gaining knowledge before practicing in the realm of Bitcoin investment.

I so much love what you said in this last paragraph. There is a need for you to be an investor before teaching someone about investment. Let's take for example you are a mechanical engineer who studied in school and have all the theoretical knowledge of coupling machine and has not yet practically done it, I think you can't be able to teach someone in the practical aspect.

Having knowledge of Bitcoin is not enough but also putting it in practice, to avoid misplacement of fund. And to also know the security measures needed in operation wallet. Also knowing the best wallet to use for Bitcoin investment. Failure to know this tips might amount to a fuck up.

This is a true statement. Anytime is a good time to buy bitcoin especially when you're investing. And it is of great value to consider that investment is a risk and there are risking investing in Bitcoin. While it has potential, it's important to be cautious. This is why people use a well-structured strategy that will help them harness the situation of falling for the risk involved in buying Bitcoin. And one strategy mostly implement is DCA because this has helped a lot of investors to buy Bitcoin safely not minding the current price of Bitcoin at the moment. Any amount is a good start to accumulate Bitcoin. But ill recommend at least 20% of an income for at least 2 to 3 years. It may seem little but can still be of great value in the future. Endeavour to know how to store it properly that is what matters.

Helping people on bitcoin investment I think it's optional, people always ask for help when they are not really ready for what dey need. You can only help someone when you know the zeal or passion he/she has on a particular discipline. Bitcoin Investment is not for everyone, when you choose to help the wrong person  you  end up repeating yourself always. Some people are not ready to learn no matter how hard you try to teach them. but always want to make money. That is why some always find who to invest for them.

I think there is need to invest for them, rather teach them how to invest for themselves. Because dey might end up screwing you up. Thinking you have swindle there money without knowing that crypto is not for the week. It's a self deceplinary kind of thing which is more like a gambling. If you win you win if you loose you loose.
Investing for someone should be on purpose or matured minded set of people who really do understand what crypto is all about.

@Sim_card, Nothing I have said is too difficult not to get. As a matter of fact, what I am really pointing at is what you have just written down.

Some people like to play around alt coins because of the fals benefits they think it offer. Alt coins can pump and dump in a short period of time, and since the majority of those altcoins are too cheap to buy, some investors think it's better to buy in quantity. Lol. So what I am saying is that it is an absolute gamble to invest in alt coins when you are not even sure which of them will be pumped, when it will be pumped, or if at all it will get pumped. Altcoins are an investment of luck, and since I have been investing in altcoins (when I was new in the space), I have not really been so lucky to buy an altcoin that blows me, like some people would always imagine that if they buy large quantities of some shitcoins, they could blow any time the token gets just a small pump. Bitcoin is an investment for patients because the bull season will definitely come and you will make a profit.

Money should be risked without risking life. I have read many news stories where people from different countries are risking their lives to come to Europe by sea. It is much better to risk a person's money than to come to Europe risking life. Fools risk life, if there is no life then what is the use of thinking about money. If we have a lot of weakness towards money then it will be a difficult thing for us to invest. Whenever we want to invest, our mind will stop us from investing. Investing is easy for those who are brave from an early age and don't think too much about making decisions and for whom money is not an area of major weakness. Investing in Bitcoin can be the best investment medium for everyone as it gives financial freedom to everyone.

If we lack finances, of course we won't be able to make any investments because if we want to invest, we certainly need money to be able to do it. Investing from an early age is indeed a good thing to prepare us for financial matters in the future, if we don't make any investments it will certainly cause us financial difficulties in the future. If we invest in Bitcoin then this is a very good choice for now because we can collect it with whatever amount we are able to invest and if we do it consistently we will of course be able to enjoy profits in the future.

It seems to me that I had been saying something different from what you seem to be suggesting that I am saying, and I personally give few shits if the BTC price is at the top, bottom or wherever it is at, and my ongoing suggestion is for no coiners to get started asap, and sure anyone can look at charts and try to figure out if they should modify any strategy that they choose to take, but still a person who might have started to invest in BTC at the top of the market (at around $69k) in November 2021 would still likely be getting into profits right now with an ongoing buying of bitcoin strategy for the past two years.  Of course, the longer that they have been in bitcoin the better, but there is nothing wrong with someone who started buying $100 per week in BTC in the beginning of November 2021, and by now they would have had invested $10,500 and would have right around 0.4181 BTC (worth around $14,843 at current prices) (https://dcabtc.com?sd=2021-11-02&sda=2_years&f=weekly&d=2_years&ac=10000&c=true), which surely is not bad to have that amount of BTC after 2 years of buying $100 per week... and the only knowledge that such a person may have had needed to have was that they were in a position in which $100 per week was a reasonable amount for them to invest into bitcoin, and surely if the person needed to invest less, such a $10 per week, then that person would have a lot less bitcoin (1/10th the amount in each of the categories - which would be right about 0.04181 BTC (worth around $1,484.26 at current prices) with $1,050 invested) but still be in a decently good position based on the amount invested and the amount of bitcoin that had been accumulated over the past two years.

You are correct on that one because irrespective of how we may feel is important for people to start investing on Bitcoin but it doesn't mean that we should allow people to invest under us, although it all depends on individual because there are people who helps those that has know knowledge about investment to invest under them.

To me is very risky allowing someone to invest under you especially a bigginer who has know much knowledge about investment because considering how volatile Bitcoin market will be sometimes, perhaps it could happen that when he would need his investment money perhaps the price would have gone against him as such that the possibility of realizing his investment amount after selling it will not be there, however making him feel that he was duped.

So just like you said is more better teaching someone who is interested on Bitcoin investment on how to invest instead of allowing him to invest under you, because we may not like what the outcome will be.

I can assure you that those newbies will learn more about Bitcoin from mistakes such as selling too quick, waiting for the dips to buy only to miss out, jumping on the market because of hype and many others. The knowledge they will gain from those experiences cannot be gotten from any book or article... it is call personal experience. Many of us in this forum learnt through that way, we made those mistakes until we realized them and start making effort to develop the heart of a HODLER.

It has been emphasized severally that you don't need to be an expert to be invested in Bitcoin. You just need the basic knowledge of Bitcoin to get started on the journey of building your Bitcoin portfolio. If you want to be a dev, that is a discussion for another day. 

Yes, exactly, there are risks everywhere, both in business or investment, but the important thing is that people should overlook the risk in them and invest or start a business for themselves. Money can not come if one doesn't take a risk on anything, just like if someone did not create an opportunity for more money to come, he/she will spend the little he/she has saved. It is good to create an opportunity for funds to come in. One thing is that people should create an opportunity for themselves with the little money that they have, they should not think about the risk or even the profits as well.
Yes, you are correct, Bitcoin's risk is not higher than other investments or businesses. There are other businesses or investments that have more risk than Bitcoin investments (like some shitcoins/altcoins). Some of them, their risk is higher than Bitcoin investment and I believe that anything that has little value in the crypto market also has a higher risk.

You are absolutely correct, Bitcoin investment does not need high knowledge before investment and if anyone just wants to depend on the things he/she has read, then the person will have nothing but no good experience about Bitcoin investment, as we already know that no amount of knowledge will give us the right answers to something without practicing it.
Bitcoin newbies need Bitcoin practice more than knowledge. Although both are good and useful but still, practical is more important than knowledge. If an investor applies Bitcoin investment practice and the knowledge all together, it will help the investor understand more than what he/she has read from anywhere.

I experienced as you said, so if anyone wants to learn from me then I always answer do it first, then you will get an initial lesson and it will continue, but not many people believe, many people want a lot of theory before starting, and I think that was a big mistake.

Actually now it is very easy to learn the basics of Bitcoin before we start, there is no need for special learning that is too deep for extensive knowledge before investing in Bitcoin, in fact mistakes and regrets in investing will be valuable lessons and emotional regulation when investing will never be we encounter theory apart from experience of what has happened to be a very valuable lesson for us in the future.

You are obviously missing the point because I did not mean that someone should start with Bitcoin to fail before he learn. That is not the picture I was painting. You cannot start something like Bitcoin without getting the BASIC knowledge. Investing in Bitcoin requires that you know how to send/receive, how to setup  and protect your wallet and other sensitive information. With this you can start accumulating Bitcoin and managing your portfolio. You don't need to know the deep things like codes and the rest of them before you become an investors. While such knowledge is good, it is not  all that is required to be able to hold Bitcoin, deal with FOMO and greed and become successful as a Bitcoin investor.

There is actually no end to know, meaning you can always go for the deep knowledge even after being invested in Bitcoin.

Investing in Bitcoin and gaining knowledge about Bitcoin are complementary to each other. If someone goes to invest in Bitcoin without gaining knowledge about Bitcoin then he will definitely face losses in one way or another. Again if one is going to gain knowledge about Bitcoin then he must invest in Bitcoin. No one can gain complete knowledge on Bitcoin without investing in Bitcoin. You on BitcoinYou can gain knowledge in different ways but you must invest to gain knowledge about complete risk, investment type, long term short term investment, and various analysis on Bitcoin market etc. on Bitcoin. If you haven't invested in Bitcoin, you can't understand the importance of investment risk. If you do not gain knowledge about Ricks Management, youOne can never master complete knowledge on Bitcoin.

An overwhelming majority of early investors (those who just start) in bitcoin are  not going to learn how to send and receive prior to getting into bitcoin, and they are likely going to get price exposure through some third parties of some sort, so even though I personally believe that self-custody is important, it is not a prerequisite in terms of getting the fuck started..   Probably the most important thing to get started is just to make sure that you have enough cash, such as $10.. and then the second thing is to learn how to buy it and then store it, whether it is on exchange or otherwise, and then as you are perhaps figuring out your budget, such as if you can continue to buy $10 per week and/or to increase to higher amounts such as $100 per week, you can learn about some of the various nitty gritties, and even if someone gets started and starts to fairly aggressively DCA into bitcoin, such as $100 per week or higher or even 10% of his/her income or higher, then maybe it still might take several months before building up a sizable enough of an amount that it might be necessary to go into self-storage.. ..

 and sure those who decide to lump sum invest into bitcoin, such as 10% or more of their annual salary, then maybe those people might need to figure out self-storage at a much earlier stage.. and surely one of the things to learn is the differences between bitcoin and all the rest, but even that can take a long time to figure out, so I doubt that knowing that bitcoin is the best or figuring out why bitcoin is the best is any kind of prerequisite, either, even though surely if someone is distracted into diluting their bitcoin investment by fucking around with bitcoin, then they may well take themselves down various distraction paths, and it is on them to figure out those kinds of matters sooner rather than later, rather than becoming shitcoiners who are gambling, distracted, mislead and perhaps dumb in several ways.... so getting some kind of a focus on bitcoin is good.. but probably getting started is better.. and hopefully don't be buying too many shitcoins in the beginning.. no more than 10% at most, and at the same time, hopefully mostly focusing on figuring out bitcoin in order to realize that there is little to no need to continue to stay involved in shitcoins, if such people might have been inclined towards shitcoins.. and surely some people start out with more of a gambling mentality and perhaps more gullible towards the false and misleading shitcoin talking points, but still I doubt that those are reasons to suggest that they should not get started in bitcoin sooner rather than later...and I am not even suggesting to get started in shitcoins, even if some newbie normies are going to have more of those kinds of tendencies.

if you have no proper knowledge about bitcoin or the market in general you might panic and pull out your holdings once the value decreases not knowing that that’s just how the market works you need to be patient to generate the maximum profit possible

everyone says to only invest what you can afford to lose and i agree but still it’ll be nice to learn the basics first regarding cryptocurrency and lessen the risks in investing

You can help someone very close to you to invest in bitcoin if he persist he must invest or after when you have introduced bitcoin to that person he accepts to invest. You don't need to deprive him from investing in bitcoin as long as you have told him that it should be a long term investment. For example, if your dad or mom has a reasonable amount of funds and they are interested to invest in asset like gold, bond and stock, if they accepts then why wouldn't you help them to invest when you know that bitcoin will bring better profit for them in the long run than other assets. After all, parents leave their businesses for their children to manage when they see that he is capable of running it to ease them from much stress. Apart from these set of people, it is not cool to help someone invest in bitcoin, to avoid their worries from the urge of profit.

JJG has already said it all that one only need the basic knowledge to get started, which is to know to buy bitcoin and prepare the amount that you will use for regular DCA that will not jeopardise with our other expenses. Lastly, is to make sure that you are investing for a long term so that you will be faced with less risk and all beginners who have plans to accumulate for more that four years and above don't need to worry about the market, so that he doesn't get distracted since he is new in the game.

For the last point I actually don't really agree with what you said even though caution is important but who cares when we already run the strategy that is done then we have to run until the end no matter whether the price of bitcoin is high or at its lowest point because however some probability can occur in this case,
I once bought bitcoin at a high price of $60k 2 years ago but I have no regrets about that and with the decline that occurred because I still carry out my strategy by buying periodically even though it is in this case I need a few years to return in terms of value especially when bitcoin hits the price of $15k this year but it is actually a blessing when I buy periodically starting from when 2 years ago where it was the highest point I bought until now bitcoin at $15k which is also the lowest point of what I bought while in bitcoin.
I think for this it might be a lot of people who will definitely think my plan is crazy or something like that but when in the end there is a high confidence when I get a profit in the previous ath and as long as my bitcoin does not decrease (although it shrinks in fiat value) but I don't really care for now because the target is clearly a future that I believe will be brighter for bitcoin.

with such an upside asymmetric bet like bitcoin, it likely is not necessary to be in a mindset that attempts to maximize profits because bitcoin is going to end up giving options.. which surely is similar to the idea of profits, but not really the same as maximizing profits, but instead being directionally correct.. so if we are continuously accumulating bitcoin up until a point that we feel that we have enough, then we merely go into a kind of maintenance mode, and with each of those steps, it may or may not end up being maximum profits, but instead enough profits and enough options that your life has improved significantly by choosing and acting upon investing into bitcoin as compared to what it would have had been if you had not chosen to include bitcoin into your investment portfolio.


I doubt that those principles fit as well with the concept of crypto currency, because if you think about what is crypto currency, I have hardly any fucking clue about what it is.. but I know what bitcoin is and I don't really need to screw around with a bunch of shitcoins in order to create, follow and tweak from time to time my investment strategy with bitcoin.


Sure it is likely that bitcoin is going to continue to bring greater profits, but 1) there is no guarantee and 2) probably the best that you can do with someone who already has decided to invest in those other assets, which your list should have had included property too, probably amongst the best that you could do is to attempt to get them to add bitcoin into the mix of their assets rather than getting them to completely abandon those other assets, and sure then one of the questions would be how much to put into bitcoin and from which categories to take the investment.. not easy decisions. .but likely the best that you might be able to do is to get them to allocate a certain portion of their investment portfolio to bitcoin, and surely my own recommendation to newbies and even as a default starting point is to consider bitcoin to be 1% to 25% of the total portfolio, and they can adjust that later, but the starting point is pretty wide and also includes the idea that each of us is responsible for figuring out our own bitcoin allocation and most people are likely going to end up being better off by getting off of zero.. and figuring out something that they believe to be reasonable for them and their situation.


I agree that it can be quite involved to get someone started in bitcoin because in the beginning it might seem that they need a lot of hand-holding because frequently people do not necessarily know how to start an investment in a way that is not just lump summing in and then watching for the price to go up, which might work for some folks who get lucky, but it is not necessarily the correct approach, so their are a lot of people who don't really know how to invest and/or to manage their money in investment ways, and sure it might be good if they learn some things about bitcoin in particular too.. so it might take some people some time to either allocate their already existing investments into bitcoin or if they are new to investing to figure out a way to get started that makes sense and works on a kind of longer term time horizon.. even if there could also be some front loading (or lump summing) in the earlier stages.. it could still take  many years to build up a position and the earliest years are likely the most challenging to make sure that they figure out a comfortable path, and some of us who are already in bitcoin might be hesitant to involve ourselves in helping anyone into bitcoin who are outside of our more immediate family.


Just think about the various kinds of investors too.. There could be the kind of investor who lump sums and then just leaves the investment alone for 4 years or longer and then maybe reassesses after 4 years and at various points thereafter.  I do think that investor would be better to DCA after having had lump summed.. but it can cause a different dynamic if there might be ongoing investments for 4 years after having had lump summed in, and sure at various points there might be needs to reassess in terms of the size of the DCA and or whether to stop the DCA and just to let the investment ride or maybe stop the DCA and then just keep some sums for buying on dips from time to time. .. and surely those funds can come from ongoing cashflows since many folks may well be getting into BTC with an already existing cashflow, but they still might have some questions about whether to continue to DCA or to convert into something that might be buying on dips.


If you started buying bitcoin 2 years ago, right around the ATH, and if you bought around $100 per week, you would have invested right around $10,500, and you would have had accumulated right around 0.4181 BTC  (https://dcabtc.com?sd=2021-11-02&sda=2_years&f=weekly&d=2_years&ac=10000&c=true)(which would be worth about $14,600 with current BTC prices).  So that would surely not be a bad place to be.. something like 39% in profits and not a bad amount of holdings.. but sure sometimes some of us might not be able to be consistent in how we are buying our BTC, but still somewhat consistency.. maybe not perfect consistency. but instead ongoing persistency could still have had put us into a pretty decent place right now, even if we started buying BTC at or around the most recent ATH from November 2021.

Of course you are right @JJG there are investors whom there main strategy is to Lump  sum whenever they see the Bitcoin price dip, so most of them that has good portfolio make sure to accumulate with a huge amount of money with the objective that after buying it and the Bitcoin price refuses to come back to there targeted dip they would be on a safer side because they have already invested a huge amount of money that could cover them for years.

And if perhaps sometimes in the future they feel the need to add more to there accumulation portfolio they could as well initiate the use of DCA until they feel is right for them to accumulate on lump sum again.

I would not necessarily recommend a strategy of just lump sum or just buying on dips for anyone who is new to bitcoin, but there could be times when such a strategy might be applied well for people who are in a position that they are able to consider that as an option...and surely sometimes people choose strategies that are not as good as they could be, and how much time that they have to attempt to think through some kind of a better strategy is going to vary... ..sometimes any of us could end up employing a strategy that we believe to be a good strategy, but then we might not realize that our strategy ends up kind of locking us into a kind of mindset that might not be as good for bitcoin as something that might involve consistent and ongong buying, even if their might also be some lump sum buying and some buying on dips in the mix of historical buys.  It can also take several years to develop a perspective on bitcoin for people who might not end up screwing up and panicking along the way...sometimes the screw ups might not be realized for several months or even sometimes years, it could take to realize that a different mindset and approach might have had worked out better.. which I think that having DCA as a central part of any strategy in the first year or two (at least) is likely going to be helpful in terms of putting the BTC HODLer/Accumulator/investor in a good state of mind towards their bitcoin and their ongoing BTC accumulation and perhaps considering their transition into BTC maintenance at some point in the future.

Well said @JJG, practicing just lump sum or buy the dip by newbies isn't advisable by me also, as they may panic easily when a very large amount of their fiat has been used to purchase Bitcoin while the market goes bearish or sidways, I recommend all newbies to start with DCA and when they are comfortable making some series of accumulation without any stupid emotional decision then, they can start using some other strategies which suites them, like mixing two different strategy to make a powerful one, consistency creates perfection, so what every you are doing consistently you get perfect at it, so someone can get perfect at doing the wrong things and making wrong choices and he might still think he is successful why if only he'll make some changes could lead to more successful outcome.

I personally believe your use of the term "perfect" is not very good, because striving for "perfection" may well contribute towards newbie BTC hodlers/accumulators getting too worked up in a mindset that considers trying to time the market or other kinds of strategies to lower costs per BTC, and generally speaking it is not necessary to be perfect, but instead to be directionally correct by ongoingly accumulating BTC and accumulating within the boundaries of their own situations.  So if someone is new to bitcoin and they are building up their BTC stash, they likely just need to ongoingly accumulate bitcoin, perhaps in a variety of ways that mostly focuses on DCA in the beginning without screwing up their own personal budget in terms of making sure that they still have enough to cover their various expenses and any emergencies that might end up happening in their lives.

Now the particulars are going to vary in terms of how many BTC does any person need to accumulate based on his her situation, and how long it might take to reach such goals.  The setting of more aggressive BTC accumulation targets might well run risks of screwing up finances, so it seems to me that the more aggressive that anyone might be in his/her BTC accumulation, then that person is going to likely need to study his/her financial cashflows and expenses a lot more closely than someone who takes a less aggressive stance.. and perhaps either one will work, and some people do not really want to spend a lot of time looking at or thinking about BTC and/or their finances, so in those kinds of cases, they could well end up taking a way less aggressive stance and still end up doing quite well as long as they include BTC reather than staying a no coiner.

The rest of us who already have bitcoin by definition are not no coiners, but we may well be low coiners, so sometimes we might want to consider whether we have enough BTC for our own particular situation, and if we are going to be trying to accumulate more BTC, then how do we go about doing that in terms of thinking about how much BTC we have already accumulated, and surely we will have some advantages to having had already accumulated BTC in terms of that information helping us in order to potentially refine our goals and to relook at our BTC accumulation progress from time to time and to consider if there might be ways that we might tweak our strategies to make them better, but still I am not going to say that we achieve perfection even if twe might be striving for something that is continuing to attempt to improve and to make sure that we are financially and psychologically comfortable with what we are doing and how we are doing it..

It seems that ongoing persistency may or may not achieve perfection, but it has decent chances of continuing to put a BTC accumulator/HODLer into a better place by having had participated in bitcoin rather than if s/he had chosen a path (purposefully or accidentally) of not participating in bitcoin.

Okay, thank you sir for the correction, lesson learnt and from now on I'll be using the word aggressive rather than perfect when it comes to Bitcoin discussion.it gives me joy knowing that you have enough knowledge about Bitcoin to help the newbies and lower understand better and you never cease to make corrections where needed. I also like the fact that you talk about making investment/accumulating more coin based on the capacity the person can handle without disrupting their personal budget. This is one of the major reasons why lump sum is not the best strategy for beginners because after making such a huge or aggressive accumulation they tend to realize their mistake and then go back to sell their coins. Even when I made my first accumulation, it was a small amount I got from selling my unused phone and every since then I have been applying DCA until I get your idea of combining two strategy together.

An investor needs to have all the qualities to invest. Just as investing requires you to take financial risks, you also need to brainstorm whether you are risking money in the right place at the right time. Money should not be risked where it is difficult to get the money back. You said here that an investor should risk that amount of money that he can afford to lose.  

Suppose you are an investor and you have enough money, but if I demand a part of your total money from you, will you give me a part of your money immediately, or will you not give me a part of your money immediately because that money is your hard earned money? did Investing without knowing about investing and giving your money to another person without any condition is the same. If you think you are risking money by investing without having enough knowledge about investing, then you are living in a fool's world because the definition of investment is not only that I deposit money in an exchange and buy any coin with that money at any time. I think about money first, first I think about where I will invest, then whether I will get a return from this investment and if I get a return, how much interest I will get at the end of the specified period.  

Just as investment knowledge is not complete without investing, without investment knowledge it is not possible to invest properly. To learn about investing you need to invest and to gain from investing you need to learn about investing first.
Hope you don't risk your money unnecessarily, definitely think twice before risking money to make sure you are risking money in the right place.

In as much as investment may seem very good but is unwise investing everything we had in other to make a good profits because somehow it will affect the investor in one way or the other in the future.

Perhaps you could reason other alternative diversification like business were you easily invest and be getting a daily profit and structuring some parts of it investing on Bitcoin, perhaps with this way you could a have steady source of income generator that could help not only your investment journey but also on your daily needs.

It doesn't have to be bitcoin it's applied to altcoins the same way the majority of ppl don't know how blockchains or mining works but they've got info about how to buy-sell coins or use their wallets. It's enough info for ppl to get started in crypto so the benefit for learning about cryptocurrencies is ppl can learn when it suits them now or later.

Isn't that the key to investment you shouldn't invest more than your means safely allow you?