Buy the DIP, and HODL!

[Cryptohygenic]

One should not do anything blindly. Not even investing. It is much more important to be realistic without giving in to emotions. Even when investing, it is very important to give priority to reality. That is, a person should be sure about the situation of his emergency fund when investing. Because an emergency situation destroys a person's investment. If a person's emergency fund cannot provide him with good support for three to six months, then his investment will not be meaningful. After ensuring an emergency fund, whenever the person's financial situation stabilizes, he will have to adopt one more strategy. He will have to increase his income by one or two more if necessary so that Bitcoin investment is easier. And his plan will have to be more long-term and complete.

That is, a person has to think long-term and ensure continuous investment. After investing for a few consecutive months, it cannot be dropped again in the middle.

In this case, there is no alternative to the DCA method to keep the person's plan dynamic.

And one must not be financially stable before engaging on income diversification and that state of your unreliable source is income should inspire you to diversify for future sake. Investing on bitcoin would do lot of benefits in expanding your portfolio with the Dca to whenever you have some spare funds. Having that agility of increasing your portfolio with the remarks of Dca will as well chipping you to reduce your cost of daily expenses and get prepared ahead to buy tangible values or bitcoin whether at a Dip preferably but since market is unpredictable, buying at your comfortable time seems best so you can always control your emotions not it be override of Fomo.

[danadc]

How many of you took advantage of buying bitcoin yesterday? When all the markets fell and BTC a bit? And all this drama happened? Do you see how BTC is rising again? The market is a matter of opportunities, unfortunately I couldn't buy, but I know there will be more opportunities, this shows that markets like the S&P500, and the others are very weak, BTC shows strength once again.

The conviction to buy bitcoin is the same one that must be had to forge a good future with enough money to survive, that's what this is about and living with a better quality of life thanks to BTC, there is still opportunity, you just have to take advantage of it.

[Mayor of ogba]

My question is can I be able to buy bitcoin now that the dip has occured.i need to understand how the market works and how to get started although I have not invested online before I mean bitcoin investment,

Hope this is the best time for me to buy bitcoin?

If you do not have the right idea of ​​investing in Bitcoin, then this is not the best time for you. There are several reasons such as: stable income, investment time limit, emergency fund, etc.

The good thing about bitcoin investment is that you don't need to know everything about bitcoin before you can invest in bitcoin; as long as you have a steady income, even with your little knowledge about bitcoin, you can invest and accumulate bitcoin with your discretionary income, and you will not lose you money provided you don't sell you bitcoin out of panic. As far as bitcoin investment is concerned, an emergency fund is important for any investor who wants to invest in bitcoin and hold it for a long term because if any unforeseen problem arises in the future, the investor will depend on the emergency fund to solve the problem, but it is not compulsory that someone who is just starting his or her bitcoin investment must make provision for an emergency fund at the start of his or her bitcoin investment; he or she can still make provision for an emergency fund some months after he or she has started accumulating bitcoin.

[Gallar]

My question is can I be able to buy bitcoin now that the dip has occured.i need to understand how the market works and how to get started although I have not invested online before I mean bitcoin investment,

Hope this is the best time for me to buy bitcoin?

The best time to buy Bitcoin is now. Not in situation where market is at the dip nor the price of Bitcoin is having a good rally thru the bull run effect.

You are making things became more complicated if you always catch those volatile movement of Bitcoin. That's why better to think about better approach with it so that you can less get pressure on accumulate and can look forward to last long in this type of investment.

Bitcoin is not for short term so hopefully you understand the risk and other consequences so that you will not get distract by Fuds in the market.

So better start with your investment now by buying Bitcoin and learn DCA.

I will check mate my self and to think very well with this Bitcoin investment,I believe little by little will help me on this Bitcoin and I will make sure I learn the DCA just as you said.

Thank you very much.

If you want to invest in bitcoin, of course you must first learn how to do it step by step so that your bitcoin investment goes well.

I personally would suggest you to learn about wallets first. Because if you don't understand this, I think it will be a problem. Because a wallet is where you store the bitcoins you have. So don't store the bitcoins you buy on the exchange, because it is very risky. That's why I suggest you learn about wallets first. Then if you already understand about wallets, then you can buy bitcoins on the exchange and send them to your wallet. Also, don't forget to be more careful when you are going to send your bitcoins to your wallet. Because if you make a mistake with just one letter when you enter your wallet address, of course it will result in your bitcoins being lost. That's why when sending bitcoins to the wallet you have to be more careful.

A brand new investor like Victor winer does not need to learn about wallet first before starting his bitcoin investment, because it's not part of the basic knowledge of bitcoin. Wallet can ne very technical for a brand new investor to understand and to know the best wallet that is safe for him. It will be a waste of time because he can get started into investing in bitcoin and learn about the wallet he feels is best safe for self custody to him.

However, as a new investor who is using DCA method to accumulate bitcoin, he needs to buy his bitcoin every week and keep it in an exchange for the amount to accumulate up to $500 and above before he should transfer to his self custody wallet in order to avoid to many small small UTXO in future, so that those small UTXO don't end up eating all his profits in future when transaction fees are very high.

Getting started and learning more about bitcoin while you are investing is the best way to go about investing in bitcoin as a no coiner since you are investing in a long-term. As you are DCAing, you're learning at the same time.

If for example Viktor Winer did DCA with a small amount of money, I also agree that the right action is to store his bitcoins on the exchange first so that the bitcoins increase and after they have collected more, then the bitcoins are sent to a personal wallet. But why am I here saying that you should learn first before jumping into bitcoin investment. Because in my opinion, learning about bitcoin (wallets, exchanges, and how to send them) does not take long, maybe only a few hours or even a day, you will definitely be able to understand it immediately. So what's wrong with that, because in my personal opinion, every thing that we will do needs to be learned first even though it's not much. For example, how Victor Winer could send the funds he had to the exchange if he didn't study it first. Of course, all of that needs to be learned first when we are going to enter a realm, including when we are going to invest in bitcoin. Because even though it is true that learning about bitcoin can be done while running it. But still sometimes there are mistakes that may not be avoided. Unlike studying it first, it is certain that our potential to get caught in a mistake will definitely be smaller. Because basically the knowledge has been studied first.

[Mayor of ogba]

My question is can I be able to buy bitcoin now that the dip has occured.i need to understand how the market works and how to get started although I have not invested online before I mean bitcoin investment,

Hope this is the best time for me to buy bitcoin?

The best time to buy Bitcoin is now. Not in situation where market is at the dip nor the price of Bitcoin is having a good rally thru the bull run effect.

You are making things became more complicated if you always catch those volatile movement of Bitcoin. That's why better to think about better approach with it so that you can less get pressure on accumulate and can look forward to last long in this type of investment.

Bitcoin is not for short term so hopefully you understand the risk and other consequences so that you will not get distract by Fuds in the market.

So better start with your investment now by buying Bitcoin and learn DCA.

I will check mate my self and to think very well with this Bitcoin investment,I believe little by little will help me on this Bitcoin and I will make sure I learn the DCA just as you said.

Thank you very much.

I personally would suggest you to learn about wallets first. Because if you don't understand this, I think it will be a problem. Because a wallet is where you store the bitcoins you have. So don't store the bitcoins you buy on the exchange, because it is very risky. That's why I suggest you learn about wallets first.

Learning about wallets is important so that you will be able to figure out the best wallet that will give you 100% control over your bitcoin, but for someone who is just starting his or her bitcoin investment, learning about wallets is not the best thing he or she should do because he or she has not yet accumulated bitcoin to store in his or her self custodial bitcoin wallet. What someone who is just starting his or her bitcoin investment should learn is about his or her finances to know if he or she is in the right state to accumulate bitcoin and at the same time be able to solve his or her daily expenses without finding it difficult to do so. Maybe by the time the new investor has accumulated bitcoin that is worth $500-$1000 in any centralized exchange, he or she can now decide to learn about wallets to figure out the best wallet that is more reliable for him or her to store his or her bitcoin.

[Gost ms]

If you want to invest in bitcoin, of course you must first learn how to do it step by step so that your bitcoin investment goes well.

I personally would suggest you to learn about wallets first. Because if you don't understand this, I think it will be a problem. Because a wallet is where you store the bitcoins you have. So don't store the bitcoins you buy on the exchange, because it is very risky. That's why I suggest you learn about wallets first. Then if you already understand about wallets, then you can buy bitcoins on the exchange and send them to your wallet. Also, don't forget to be more careful when you are going to send your bitcoins to your wallet. Because if you make a mistake with just one letter when you enter your wallet address, of course it will result in your bitcoins being lost. That's why when sending bitcoins to the wallet you have to be more careful.

If you are new to Bitcoin investment then it is important to have basic knowledge. If you do not understand what Bitcoin is, what is the function of Bitcoin, how does it work etc. If you do not have knowledge in all these things then I would say that Bitcoin investment is not for you. .

After gaining some knowledge about Bitcoin then you can gain knowledge about wallets. Because if you do not know how to invest in Bitcoin then I think it is a mistake to know about wallets first.

[Muba20]

If you want to invest in bitcoin, of course you must first learn how to do it step by step so that your bitcoin investment goes well.

I personally would suggest you to learn about wallets first. Because if you don't understand this, I think it will be a problem. Because a wallet is where you store the bitcoins you have. So don't store the bitcoins you buy on the exchange, because it is very risky. That's why I suggest you learn about wallets first. Then if you already understand about wallets, then you can buy bitcoins on the exchange and send them to your wallet. Also, don't forget to be more careful when you are going to send your bitcoins to your wallet. Because if you make a mistake with just one letter when you enter your wallet address, of course it will result in your bitcoins being lost. That's why when sending bitcoins to the wallet you have to be more careful.

If you are new to Bitcoin investment then it is important to have basic knowledge. If you do not understand what Bitcoin is, what is the function of Bitcoin, how does it work etc. If you do not have knowledge in all these things then I would say that Bitcoin investment is not for you. .

After gaining some knowledge about Bitcoin then you can gain knowledge about wallets. Because if you do not know how to invest in Bitcoin then I think it is a mistake to know about wallets first.

It is necessary to have some basic knowledge before investing, but if the investor does not accept Bitcoin, then it may be more difficult for him to expand the scope of this knowledge. If an investor wants to acquire more detailed knowledge about Bitcoin in addition to accepting Bitcoin, then holding a small amount of Bitcoin will be more suitable for his learning. But those who only try to gain knowledge and do not hold Bitcoin will never be encouraged to invest in Bitcoin. If you purchase a small amount of Bitcoin to increase your knowledge and do it regularly using the DCA strategy, then you will be able to acquire sufficient knowledge for Bitcoin investment in a relatively short time, which will encourage you to invest in Bitcoin. There are many learners who spend too much time learning in the beginning and then lose interest in investing in Bitcoin. So, to gain knowledge learning about Bitcoin is beneficial if you collect a portion of Bitcoin.

[Mayor of ogba]

My question is can I be able to buy bitcoin now that the dip has occured.i need to understand how the market works and how to get started although I have not invested online before I mean bitcoin investment,

Hope this is the best time for me to buy bitcoin?

The best time to buy Bitcoin is now. Not in situation where market is at the dip nor the price of Bitcoin is having a good rally thru the bull run effect.

You are making things became more complicated if you always catch those volatile movement of Bitcoin. That's why better to think about better approach with it so that you can less get pressure on accumulate and can look forward to last long in this type of investment.

Bitcoin is not for short term so hopefully you understand the risk and other consequences so that you will not get distract by Fuds in the market.

So better start with your investment now by buying Bitcoin and learn DCA.

I will check mate my self and to think very well with this Bitcoin investment,I believe little by little will help me on this Bitcoin and I will make sure I learn the DCA just as you said.

Thank you very much.

If you want to invest in bitcoin, of course you must first learn how to do it step by step so that your bitcoin investment goes well.

I personally would suggest you to learn about wallets first. Because if you don't understand this, I think it will be a problem. Because a wallet is where you store the bitcoins you have. So don't store the bitcoins you buy on the exchange, because it is very risky. That's why I suggest you learn about wallets first. Then if you already understand about wallets, then you can buy bitcoins on the exchange and send them to your wallet. Also, don't forget to be more careful when you are going to send your bitcoins to your wallet. Because if you make a mistake with just one letter when you enter your wallet address, of course it will result in your bitcoins being lost. That's why when sending bitcoins to the wallet you have to be more careful.

A brand new investor like Victor winer does not need to learn about wallet first before starting his bitcoin investment, because it's not part of the basic knowledge of bitcoin. Wallet can ne very technical for a brand new investor to understand and to know the best wallet that is safe for him. It will be a waste of time because he can get started into investing in bitcoin and learn about the wallet he feels is best safe for self custody to him.

However, as a new investor who is using DCA method to accumulate bitcoin, he needs to buy his bitcoin every week and keep it in an exchange for the amount to accumulate up to $500 and above before he should transfer to his self custody wallet in order to avoid to many small small UTXO in future, so that those small UTXO don't end up eating all his profits in future when transaction fees are very high.

Getting started and learning more about bitcoin while you are investing is the best way to go about investing in bitcoin as a no coiner since you are investing in a long-term. As you are DCAing, you're learning at the same time.

If for example Viktor Winer did DCA with a small amount of money, I also agree that the right action is to store his bitcoins on the exchange first so that the bitcoins increase and after they have collected more, then the bitcoins are sent to a personal wallet.

The purpose of investors storing their bitcoin on a centralized exchange during their accumulation process is not for the bitcoin to increase in value in the centralized exchange but for them to actually accumulate enough bitcoin so that they can withdraw it at once to their personal self custodial wallet and also pay for the centralized exchange withdrawal fees at once too, rather than withdrawing their bitcoin on several occasions when they have not even accumulate bitcoin that is worth $500-$1000 and end up paying for the centralized exchange withdrawal fees anytime they withdraw their small bitcoin to their personal self custodial wallet, which will make them waste a lot of money paying for centralized exchange withdrawal fees.

[Barikui1]

If for example Viktor Winer did DCA with a small amount of money, I also agree that the right action is to store his bitcoins on the exchange first so that the bitcoins increase and after they have collected more, then the bitcoins are sent to a personal wallet.

The purpose of investors storing their bitcoin on a centralized exchange during their accumulation process is not for the bitcoin to increase in value in the centralized exchange but for them to actually accumulate enough bitcoin so that they can withdraw it at once to their personal non-custodial wallet and also pay for the centralized exchange withdrawal fees at once too, rather than withdrawing their bitcoin on several occasions when they have not even accumulate bitcoin that is worth $500-$1000 and end up paying for the centralized exchange withdrawal fees anytime they withdraw their small bitcoin to their personal non-custodial wallet, which will make them waste a lot of money paying for centralized exchange withdrawal fees.

I still sees it as a terrible decision leaving your Bitcoin in a centralized exchange regardless of what so ever because if anything happens to that exchange in question like hacking or internal theft your Bitcoin is good as gone, but in this case where you are using it to buy Bitcoin through the DCA accumulating strategy, and the fraction of the Bitcoin is too small to be moving out anytime you make a purchase, in my own opinion, I would rather wait and be withdrawing it to my self custodian wallet on my second purchase, and it must be weekly, like every two weeks, keeping it for a month is too risky, so I will be moving my two weeks purchase to my self custodian wallet every two weeks, anything more than that is too risky , it's better for me to pay the higher transaction fee and my Bitcoin is safe, than to be greedy and be risking my Bitcoin by leaving it in an exchange for longer duration.

[Ruttoshi]

My question is can I be able to buy bitcoin now that the dip has occured.i need to understand how the market works and how to get started although I have not invested online before I mean bitcoin investment,

Hope this is the best time for me to buy bitcoin?

The best time to buy Bitcoin is now. Not in situation where market is at the dip nor the price of Bitcoin is having a good rally thru the bull run effect.

You are making things became more complicated if you always catch those volatile movement of Bitcoin. That's why better to think about better approach with it so that you can less get pressure on accumulate and can look forward to last long in this type of investment.

Bitcoin is not for short term so hopefully you understand the risk and other consequences so that you will not get distract by Fuds in the market.

So better start with your investment now by buying Bitcoin and learn DCA.

I will check mate my self and to think very well with this Bitcoin investment,I believe little by little will help me on this Bitcoin and I will make sure I learn the DCA just as you said.

Thank you very much.

If you want to invest in bitcoin, of course you must first learn how to do it step by step so that your bitcoin investment goes well.

I personally would suggest you to learn about wallets first. Because if you don't understand this, I think it will be a problem. Because a wallet is where you store the bitcoins you have. So don't store the bitcoins you buy on the exchange, because it is very risky. That's why I suggest you learn about wallets first. Then if you already understand about wallets, then you can buy bitcoins on the exchange and send them to your wallet. Also, don't forget to be more careful when you are going to send your bitcoins to your wallet. Because if you make a mistake with just one letter when you enter your wallet address, of course it will result in your bitcoins being lost. That's why when sending bitcoins to the wallet you have to be more careful.

A brand new investor like Victor winer does not need to learn about wallet first before starting his bitcoin investment, because it's not part of the basic knowledge of bitcoin. Wallet can ne very technical for a brand new investor to understand and to know the best wallet that is safe for him. It will be a waste of time because he can get started into investing in bitcoin and learn about the wallet he feels is best safe for self custody to him.

However, as a new investor who is using DCA method to accumulate bitcoin, he needs to buy his bitcoin every week and keep it in an exchange for the amount to accumulate up to $500 and above before he should transfer to his self custody wallet in order to avoid to many small small UTXO in future, so that those small UTXO don't end up eating all his profits in future when transaction fees are very high.

Getting started and learning more about bitcoin while you are investing is the best way to go about investing in bitcoin as a no coiner since you are investing in a long-term. As you are DCAing, you're learning at the same time.

If for example Viktor Winer did DCA with a small amount of money, I also agree that the right action is to store his bitcoins on the exchange first so that the bitcoins increase and after they have collected more, then the bitcoins are sent to a personal wallet. But why am I here saying that you should learn first before jumping into bitcoin investment. Because in my opinion, learning about bitcoin (wallets, exchanges, and how to send them) does not take long, maybe only a few hours or even a day, you will definitely be able to understand it immediately. So what's wrong with that, because in my personal opinion, every thing that we will do needs to be learned first even though it's not much. For example, how Victor Winer could send the funds he had to the exchange if he didn't study it first. Of course, all of that needs to be learned first when we are going to enter a realm, including when we are going to invest in bitcoin. Because even though it is true that learning about bitcoin can be done while running it. But still sometimes there are mistakes that may not be avoided. Unlike studying it first, it is certain that our potential to get caught in a mistake will definitely be smaller. Because basically the knowledge has been studied first.

One thing that you should understand is that, in bitcoin investment pratical is the best and not theory. I believe that you have already understood more about wallet and that's why you are saying that's not difficult, and one can learn it within few hours. For a newbie who has zero knowledge on bitcoin, wallet can be very complicated for him which he needs time to learn it. Was it the first time that you learned about wallet that you understand all what you know now. No, because you are to learn wallet with ease and in a gradual process to avoid mistakes that can make you lose your funds.

This is why, you don't need to waste all that time learning without buying bitcoin. The most important part of not sending your bitcoin directly from an exchange when DCAing, especially with little amount of money is to avoid losses in future. Nobody will love to build and grow his bitcoin investment portfolio for a long time, and when it's time to reap from your investment, there's nothing to reap from. This is because of your lack of knowledge on how to practice a good UTXO management.

You should know that your transaction fee is charged based on the size your transaction data on the blockchain. This is why if Mr A is  transfering $500 from one input of $700, he will pay a very small fee compared to Mr B that wants to transfer $500 from small small output like $50, $50, $50 $50, $50, $50, $50, $50, $50, $50. Mr B transaction fee will be a killer in future.

Let me take you back to 2023 BRC20 token and in 2024 Runes, when those garbage congested bitcoin blockchain and transaction fee was fucking high like mad, will you buy your weekly bitcoin of $50 or $100 from an exchange and send it to your wallet, NO. Maybe, you didn't buy and you choose to stop buying which is wrong. In future, transaction fee might be higher than what we experienced, and that's why we must take our UTXO very serious when investing. It's when you turn an exchange to your self custody wallet which funds that you cannot afford to lose, that is not a good practice.

[ultrloa]

If for example Viktor Winer did DCA with a small amount of money, I also agree that the right action is to store his bitcoins on the exchange first so that the bitcoins increase and after they have collected more, then the bitcoins are sent to a personal wallet.

The purpose of investors storing their bitcoin on a centralized exchange during their accumulation process is not for the bitcoin to increase in value in the centralized exchange but for them to actually accumulate enough bitcoin so that they can withdraw it at once to their personal non-custodial wallet and also pay for the centralized exchange withdrawal fees at once too, rather than withdrawing their bitcoin on several occasions when they have not even accumulate bitcoin that is worth $500-$1000 and end up paying for the centralized exchange withdrawal fees anytime they withdraw their small bitcoin to their personal non-custodial wallet, which will make them waste a lot of money paying for centralized exchange withdrawal fees.

I still sees it as a terrible decision leaving your Bitcoin in a centralized exchange regardless of what so ever because if anything happens to that exchange in question like hacking or internal theft your Bitcoin is good as gone, but in this case where you are using it to buy Bitcoin through the DCA accumulating strategy, and the fraction of the Bitcoin is too small to be moving out anytime you make a purchase, in my own opinion, I would rather wait and be withdrawing it to my self custodian wallet on my second purchase, and it must be weekly, like every two weeks, keeping it for a month is too risky, so I will be moving my two weeks purchase to my self custodian wallet every two weeks, anything more than that is too risky , it's better for me to pay the higher transaction fee and my Bitcoin is safe, than to be greedy and be risking my Bitcoin by leaving it in an exchange for longer duration.

Whatever reason they have they should never leave their Bitcoin on centralized exchanged since they provably putting their money at risk of hacking. For many times we already experience those big exchange hacking so hopefully this is already enough basis for people to believe that its bad idea to leave some amount on their exchange accounts.

Withdrawing it to their personal wallets didn't eat to much of their time so people should not be lazy for doing this since this is for their own good. Some may think its a waste of withdrawal fees  for frequently doing it, but if we talk about safety for sure those amounts we pay for fees is nothing especially we are sure that our funds is safe and away for any possible treats. I'd also prefer to pay fees for my own convenience rather than trying to risk my accumulated funds on risky platforms.

[fikrett]

If you are new to Bitcoin investment then it is important to have basic knowledge. If you do not understand what Bitcoin is, what is the function of Bitcoin, how does it work etc. If you do not have knowledge in all these things then I would say that Bitcoin investment is not for you. .

After gaining some knowledge about Bitcoin then you can gain knowledge about wallets. Because if you do not know how to invest in Bitcoin then I think it is a mistake to know about wallets first.

There is a way of brute force and there is a way that you described.

Both would lead to results, albeit there are more chances to get hurt in the process deposit and funds-wise if a person is not cautious and without knowledge.

[Cryptohygenic]

If for example Viktor Winer did DCA with a small amount of money, I also agree that the right action is to store his bitcoins on the exchange first so that the bitcoins increase and after they have collected more, then the bitcoins are sent to a personal wallet.

The purpose of investors storing their bitcoin on a centralized exchange during their accumulation process is not for the bitcoin to increase in value in the centralized exchange but for them to actually accumulate enough bitcoin so that they can withdraw it at once to their personal non-custodial wallet and also pay for the centralized exchange withdrawal fees at once too, rather than withdrawing their bitcoin on several occasions when they have not even accumulate bitcoin that is worth $500-$1000 and end up paying for the centralized exchange withdrawal fees anytime they withdraw their small bitcoin to their personal non-custodial wallet, which will make them waste a lot of money paying for centralized exchange withdrawal fees.

I still sees it as a terrible decision leaving your Bitcoin in a centralized exchange regardless of what so ever because if anything happens to that exchange in question like hacking or internal theft your Bitcoin is good as gone, but in this case where you are using it to buy Bitcoin through the DCA accumulating strategy, and the fraction of the Bitcoin is too small to be moving out anytime you make a purchase, in my own opinion, I would rather wait and be withdrawing it to my self custodian wallet on my second purchase, and it must be weekly, like every two weeks, keeping it for a month is too risky, so I will be moving my two weeks purchase to my self custodian wallet every two weeks, anything more than that is too risky , it's better for me to pay the higher transaction fee and my Bitcoin is safe, than to be greedy and be risking my Bitcoin by leaving it in an exchange for longer duration.

Normally storing your bitcoin in a centralized exchange can be so risky which has time to time been reminded that "not your Key not your coin". That saga alone should be reasonable enough to keep your funds off limited duration in a short time when holding on the central networks.
Mainly reason being why holders having their funds on the Centralized exchange is for quick execution of transactions such as quick trading and exchange of coins before market prices takes a U-turn against invest plans. That also has to do with considering transaction fees which could be more expensive if initially was stored in the non custodial wallets.
You should agree with me that most short term holders stores their bitcoin in the centralized exchanges to carry on their quick transactions while those of long term are more of holding on non custodial wallets since they have their private keys with them, it feels more safer than the centralize exchange.

[Mayor of ogba]

If for example Viktor Winer did DCA with a small amount of money, I also agree that the right action is to store his bitcoins on the exchange first so that the bitcoins increase and after they have collected more, then the bitcoins are sent to a personal wallet.

The purpose of investors storing their bitcoin on a centralized exchange during their accumulation process is not for the bitcoin to increase in value in the centralized exchange but for them to actually accumulate enough bitcoin so that they can withdraw it at once to their personal non-custodial wallet and also pay for the centralized exchange withdrawal fees at once too, rather than withdrawing their bitcoin on several occasions when they have not even accumulate bitcoin that is worth $500-$1000 and end up paying for the centralized exchange withdrawal fees anytime they withdraw their small bitcoin to their personal non-custodial wallet, which will make them waste a lot of money paying for centralized exchange withdrawal fees.

I still sees it as a terrible decision leaving your Bitcoin in a centralized exchange regardless of what so ever because if anything happens to that exchange in question like hacking or internal theft your Bitcoin is good as gone, but in this case where you are using it to buy Bitcoin through the DCA accumulating strategy, and the fraction of the Bitcoin is too small to be moving out anytime you make a purchase, in my own opinion, I would rather wait and be withdrawing it to my self custodian wallet on my second purchase, and it must be weekly, like every two weeks, keeping it for a month is too risky, so I will be moving my two weeks purchase to my self custodian wallet every two weeks, anything more than that is too risky , it's better for me to pay the higher transaction fee and my Bitcoin is safe, than to be greedy and be risking my Bitcoin by leaving it in an exchange for longer duration.

Almost all bitcoin investors know that leaving bitcoin on a centralized exchange for a very long term is very risky, and they will lose their bitcoin if something bad happens at the backend of a centralized exchange since it is not their key, not their coin, but since a lot of investors use a centralized exchange to accumulate bitcoin before they withdraw it to their self custodial wallet, they have to take the risk. If you think that withdrawing your bitcoin on a centralized exchange biweekly is okay for you and you can afford to pay for the centralized exchange withdrawal fees biweekly, it is a good strategy since it will help to lower the risk of you losing your bitcoin to a centralized exchange.

[sotelorene]

If you want to invest in bitcoin, of course you must first learn how to do it step by step so that your bitcoin investment goes well.

I personally would suggest you to learn about wallets first. Because if you don't understand this, I think it will be a problem. Because a wallet is where you store the bitcoins you have. So don't store the bitcoins you buy on the exchange, because it is very risky. That's why I suggest you learn about wallets first. Then if you already understand about wallets, then you can buy bitcoins on the exchange and send them to your wallet. Also, don't forget to be more careful when you are going to send your bitcoins to your wallet. Because if you make a mistake with just one letter when you enter your wallet address, of course it will result in your bitcoins being lost. That's why when sending bitcoins to the wallet you have to be more careful.

If you are new to Bitcoin investment then it is important to have basic knowledge. If you do not understand what Bitcoin is, what is the function of Bitcoin, how does it work etc. If you do not have knowledge in all these things then I would say that Bitcoin investment is not for you. .

After gaining some knowledge about Bitcoin then you can gain knowledge about wallets. Because if you do not know how to invest in Bitcoin then I think it is a mistake to know about wallets first.

It is necessary to have some basic knowledge before investing, but if the investor does not accept Bitcoin, then it may be more difficult for him to expand the scope of this knowledge. If an investor wants to acquire more detailed knowledge about Bitcoin in addition to accepting Bitcoin, then holding a small amount of Bitcoin will be more suitable for his learning. But those who only try to gain knowledge and do not hold Bitcoin will never be encouraged to invest in Bitcoin. If you purchase a small amount of Bitcoin to increase your knowledge and do it regularly using the DCA strategy, then you will be able to acquire sufficient knowledge for Bitcoin investment in a relatively short time, which will encourage you to invest in Bitcoin. There are many learners who spend too much time learning in the beginning and then lose interest in investing in Bitcoin. So, to gain knowledge learning about Bitcoin is beneficial if you collect a portion of Bitcoin.

First of all it doesn't even make any sense for someone who doesn't accept Bitcoin to still go and learn about it I mean it is weird and pointless just imagine me going to learn how to trade when I don't even like trading, I don't accept it, so of what use will it be to me? it is a waste of time and energy because if I should put that effort and energy in something else that I like or accept I will do exceedingly great. However, someone will only lose interest in Bitcoin if he or she doesn't have enough fund to keep the investment running or if someone is not doing the right thing but if you are doing the right thing and you have your discretionary, back up fund etc intact you will even be happy with yourself because of the level of progress you will see.

[Promocodeudo]

If you are new to Bitcoin investment then it is important to have basic knowledge. If you do not understand what Bitcoin is, what is the function of Bitcoin, how does it work etc. If you do not have knowledge in all these things then I would say that Bitcoin investment is not for you. .

After gaining some knowledge about Bitcoin then you can gain knowledge about wallets. Because if you do not know how to invest in Bitcoin then I think it is a mistake to know about wallets first.

Buddy I concur to your last statement and find it being absolutely right, knowing about wallet from the first day as a newbie or intending investor isn't necessary, Bitcoin investment has process,for anyone to be in the said investment and learn, such individual have to follow those processes.
The basics of this investment has to be considered first, you don't have to know much about wallet firstly but gradually you'll know what it is for sure but not necessarily fom day 1, as a newbie your concentration should be how to invest with a good strategy that will be efficient for you, Bitcoin investment is like a school where we started from kindergarten and finally end it in the university where we obtain B.sc to PHD, in everything there is what we call due process as a matter of fact we can not count 2 before counting 1, as a new investor Bitcoin investment itself must sink into your brain first before you can proceed in knowing all about wallet, that's my take on this.

[Princess Leah]

There is no reason to learn all of the things that you mentioned prior to getting started buying bitcoin.  The more basic things to figure out is whether you have any discretionary income or not, and once you figure out that you have discretionary income then to invest into bitcoin from within the boundaries of your discretionary income. .. and sure at the same time, any newbie will have to figure out from where they need to source their coins.

So, even if each person needs to work on learning about bitcoin, learning about wallets and learning about various aspects of their cashflow management, these are not needed to be learned and/or  perfected prior to starting investing in bitcoin, yet surely the more that any of us invest, the more we likely need to make sure that we are comfortable with various of the details.  We may  well then be in  a better position to start out our bitcoin investment conservatively and to work up our level of bitcoin investment as we become more comfortable and more knowledgeable.

Some people spend all their time learning about Bitcoin instead of to start investing or look for a stable income to start investing which is the basic thing and then learn along the process, the first thing any investor should have before even having a broad knowledge about Bitcoin is the capital for investment not even capital but steady flow of it cause it would help them do the DCA and constantly buy it overtime for as long as possible.

 Someone who doesn't have the capital to start or steady flow of it rather could be forced to sell when they make little profits or during the dip but the more one keeps investing and for longer period it means they have a steady flow of income which is very important and they'll gradually get to know about things like the best place to store their asset, suitable time to DCA and so forth, waiting to learn everything before investing could make one miss out on lots of opportunities moreover what if the price of Bitcoin keeps increasing while they're busy learning, which means they've missed out on buying cheaper, that's why I agree with you that one mustn't know everything before investing just knowing the basic things and having capital to constantly invest is most important.

[GiftedMAN]

If you want to invest in bitcoin, of course you must first learn how to do it step by step so that your bitcoin investment goes well.

I personally would suggest you to learn about wallets first. Because if you don't understand this, I think it will be a problem. Because a wallet is where you store the bitcoins you have. So don't store the bitcoins you buy on the exchange, because it is very risky. That's why I suggest you learn about wallets first. Then if you already understand about wallets, then you can buy bitcoins on the exchange and send them to your wallet. Also, don't forget to be more careful when you are going to send your bitcoins to your wallet. Because if you make a mistake with just one letter when you enter your wallet address, of course it will result in your bitcoins being lost. That's why when sending bitcoins to the wallet you have to be more careful.

If you are new to Bitcoin investment then it is important to have basic knowledge. If you do not understand what Bitcoin is, what is the function of Bitcoin, how does it work etc. If you do not have knowledge in all these things then I would say that Bitcoin investment is not for you. .

After gaining some knowledge about Bitcoin then you can gain knowledge about wallets. Because if you do not know how to invest in Bitcoin then I think it is a mistake to know about wallets first.

It is necessary to have some basic knowledge before investing, but if the investor does not accept Bitcoin, then it may be more difficult for him to expand the scope of this knowledge. If an investor wants to acquire more detailed knowledge about Bitcoin in addition to accepting Bitcoin, then holding a small amount of Bitcoin will be more suitable for his learning. But those who only try to gain knowledge and do not hold Bitcoin will never be encouraged to invest in Bitcoin. If you purchase a small amount of Bitcoin to increase your knowledge and do it regularly using the DCA strategy, then you will be able to acquire sufficient knowledge for Bitcoin investment in a relatively short time, which will encourage you to invest in Bitcoin. There are many learners who spend too much time learning in the beginning and then lose interest in investing in Bitcoin. So, to gain knowledge learning about Bitcoin is beneficial if you collect a portion of Bitcoin.

First of all it doesn't even make any sense for someone who doesn't accept Bitcoin to still go and learn about it I mean it is weird and pointless just imagine me going to learn how to trade when I don't even like trading, I don't accept it, so of what use will it be to me? it is a waste of time and energy because if I should put that effort and energy in something else that I like or accept I will do exceedingly great. However, someone will only lose interest in Bitcoin if he or she doesn't have enough fund to keep the investment running or if someone is not doing the right thing but if you are doing the right thing and you have your discretionary, back up fund etc intact you will even be happy with yourself because of the level of progress you will see.

People can also get the knowledge of something they don't need now or make use of now for the sake of the future, that  someone does not accept Bitcoin now doesn't mean he can be interested in Bitcoin tomorrow or in the future, I think it is even better for people to have knowledge of something before they develop the love for it. For Bitcoin investment I believe there are some people out there who love what Bitcoin stands for and the progress it has made over the past yes but they are yet to invest because of lack of funds it doesn't make them to lose interest in what they do much believe in rather they will try to get a paying job then save money so they can invest like other people.

People should have general knowledge of Bitcoin investment even though they are yet to invest it helps them to differentiate between good and bad information when they come across one and it gives them an edge over scammers when they encounter them.

[Tmoonz]

If you want to invest in bitcoin, of course you must first learn how to do it step by step so that your bitcoin investment goes well.

I personally would suggest you to learn about wallets first. Because if you don't understand this, I think it will be a problem. Because a wallet is where you store the bitcoins you have. So don't store the bitcoins you buy on the exchange, because it is very risky. That's why I suggest you learn about wallets first. Then if you already understand about wallets, then you can buy bitcoins on the exchange and send them to your wallet. Also, don't forget to be more careful when you are going to send your bitcoins to your wallet. Because if you make a mistake with just one letter when you enter your wallet address, of course it will result in your bitcoins being lost. That's why when sending bitcoins to the wallet you have to be more careful.

If you are new to Bitcoin investment then it is important to have basic knowledge. If you do not understand what Bitcoin is, what is the function of Bitcoin, how does it work etc. If you do not have knowledge in all these things then I would say that Bitcoin investment is not for you. .

After gaining some knowledge about Bitcoin then you can gain knowledge about wallets. Because if you do not know how to invest in Bitcoin then I think it is a mistake to know about wallets first.

It is necessary to have some basic knowledge before investing, but if the investor does not accept Bitcoin, then it may be more difficult for him to expand the scope of this knowledge. If an investor wants to acquire more detailed knowledge about Bitcoin in addition to accepting Bitcoin, then holding a small amount of Bitcoin will be more suitable for his learning. But those who only try to gain knowledge and do not hold Bitcoin will never be encouraged to invest in Bitcoin. If you purchase a small amount of Bitcoin to increase your knowledge and do it regularly using the DCA strategy, then you will be able to acquire sufficient knowledge for Bitcoin investment in a relatively short time, which will encourage you to invest in Bitcoin. There are many learners who spend too much time learning in the beginning and then lose interest in investing in Bitcoin. So, to gain knowledge learning about Bitcoin is beneficial if you collect a portion of Bitcoin.

First of all it doesn't even make any sense for someone who doesn't accept Bitcoin to still go and learn about it I mean it is weird and pointless just imagine me going to learn how to trade when I don't even like trading, I don't accept it, so of what use will it be to me? it is a waste of time and energy because if I should put that effort and energy in something else that I like or accept I will do exceedingly great. However, someone will only lose interest in Bitcoin if he or she doesn't have enough fund to keep the investment running or if someone is not doing the right thing but if you are doing the right thing and you have your discretionary, back up fund etc intact you will even be happy with yourself because of the level of progress you will see.

People can also get the knowledge of something they don't need now or make use of now for the sake of the future, that  someone does not accept Bitcoin now doesn't mean he can be interested in Bitcoin tomorrow or in the future, I think it is even better for people to have knowledge of something before they develop the love for it. For Bitcoin investment I believe there are some people out there who love what Bitcoin stands for and the progress it has made over the past yes but they are yet to invest because of lack of funds it doesn't make them to lose interest in what they do much believe in rather they will try to get a paying job then save money so they can invest like other people.

People should have general knowledge of Bitcoin investment even though they are yet to invest it helps them to differentiate between good and bad information when they come across one and it gives them an edge over scammers when they encounter them.

The idea of saving up money before starting up Bitcoin investment is old fashioned, since we can buy a fraction with DCA strategy, getting a job is one thing and another thing is understanding your cash flow and the level of your discretionary income, from our discretionary income we can invest right away with the dca strategy either weekly or monthly which will be more better than saving up money before starting your Bitcoin accumulation process. Secondly, investment must be from our own conviction and not because it is what others are doing and we should do it within our own financial situation and pacing.

[Y3shot]

If you are new to Bitcoin investment then it is important to have basic knowledge. If you do not understand what Bitcoin is, what is the function of Bitcoin, how does it work etc. If you do not have knowledge in all these things then I would say that Bitcoin investment is not for you. .

After gaining some knowledge about Bitcoin then you can gain knowledge about wallets. Because if you do not know how to invest in Bitcoin then I think it is a mistake to know about wallets first.

The next step is to make sure you have source of income before going into bitcoin investment and know you can also invest bitcoin as little as waht you can afford. Do not think the little you are investing is too small, if you let that to settle in your mind you won't be able to invest bitcoin. If you are consistent with the little you can afford it can go a long way for you in the future but if you wait to invest big amount you may not even begin the journey to invest.