Buy the DIP, and HODL!

[Ambatman]

Well, your points are not actually bad but the most important knowledge that a new Bitcoin investor needs before applying security to his holdings is how to buy. If an investor knows how to buy he can also know how to secure his Bitcoin, at that moment he believes that it is his asset because he exchanged his fiat for Bitcoin through p2p, at this first point when he has purchased Bitcoin he doesn't care if he has make profits or not, the next step is for him to send the Bitcoin to the wallet he will use for holding. Which means after buying, the other important step is sending.
As a newbie to Bitcoin investment, you also need to calculate the figures of Bitcoin you have, so that while sending from the exchange you bought Bitcoin from to the wallet that you will use for holding you can be able to figure out the fees for your transactions so that you will know the figures of Bitcoin that you will receive.

Not quite
In Engineering there's a saying in my side that before learning how to switch ON a machine learn how to switch it Off first
There are people, I mean lots of people that can buy and sell Bitcoin but few of the majority can really secure their holdings
Like we normally say if it ain't your keys, it ain't your coins.
What am saying is even if you can buy and sell Bitcoin with no prior knowledge on how to secure it
Good wallets to use among other security measures
It's the same as placing your money in an empty pockets
The importance of security is quite underrated
Personally I feel a newbie should learn about a secure wallet and method to implement
Before learning how to buy or sell.

[Dickiy]

It does not matter at what point we enter the market and start to DCA. Bitcoin has been expensive to start investing at all prices to procrastinators. It was expensive at $1, $10, $100, $30k, and $60 and it is close to $100k and it could be worth more than that shortly. Yet they still can't afford it.

People who still think Bitcoin is expensive usually also tend to be afraid to buy at any price, so people like that will continue to delay and postpone buying Bitcoin because they always put forward their own reasons when asked by other people. Because for those who like to buy or really have the desire to buy Bitcoin whenever they have money that is not used, that person will not really care about the price as long as it can make him happy after buying Bitcoin. I also still like to use DCA when I want to buy Bitcoin, but sometimes I don't set a time for how many times I can buy Bitcoin each month because I sometimes like to buy when I have money that I don't use for other things.

For me, it's simple, if there are people who are delaying buying Bitcoin or just waiting for the price to drop to buy it, for me these people have no intention of investing in Bitcoin. it's better to just leave them with their assumptions. and for those who are consistent with their investment and entrust their investment to bitcoin, continue to accumulate your bitcoin, because the journey will be very long, and if you talk about long-term targets, you need stable finances and patience to continue accumulating, therefore the DCA strategy will be very helps with the investment you are carrying out, this strategy does not care about market conditions, DCA only focuses on the goal of accumulating gradually, either weekly or monthly. and I still use the DCA strategy to this day to accumulate my targeted bitcoin and it really helps

[Moreno233]

Well, your points are not actually bad but the most important knowledge that a new Bitcoin investor needs before applying security to his holdings is how to buy. If an investor knows how to buy he can also know how to secure his Bitcoin, at that moment he believes that it is his asset because he exchanged his fiat for Bitcoin through p2p, at this first point when he has purchased Bitcoin he doesn't care if he has make profits or not, the next step is for him to send the Bitcoin to the wallet he will use for holding. Which means after buying, the other important step is sending.
As a newbie to Bitcoin investment, you also need to calculate the figures of Bitcoin you have, so that while sending from the exchange you bought Bitcoin from to the wallet that you will use for holding you can be able to figure out the fees for your transactions so that you will know the figures of Bitcoin that you will receive.

Not quite
In Engineering there's a saying in my side that before learning how to switch ON a machine learn how to switch it Off first
There are people, I mean lots of people that can buy and sell Bitcoin but few of the majority can really secure their holdings
Like we normally say if it ain't your keys, it ain't your coins.
What am saying is even if you can buy and sell Bitcoin with no prior knowledge on how to secure it
Good wallets to use among other security measures
It's the same as placing your money in an empty pockets
The importance of security is quite underrated
Personally I feel a newbie should learn about a secure wallet and method to implement
Before learning how to buy or sell.

What you have explained fall into the category of basic knowledge. They are basic because they are the minimum requirement before starting to accumulate Bitcoin and without them, it is not advisable to get started. The information about wallet is not complex to get and like you said, it has ben abundantly emphasized that "not your keys, not your coins". Any newbie investor in this forum should have already known that and put that as a factor of consideration in the search of his basic knowledge. I think this just as simple as saying, before you own a bank account, you have to ask questions how to protect your account by not sharing secret information. After a newbie understand how to buy and sell, common sense require that protection of the asset is the key thing.

If we continue to make it look complicated as regarding the basic knowledge required to get started, newbies following this discussion might never ever get started because they will be thinking they have to learn all there is to know about bitcoin before they get started. Remember that the technology itself is developing, new things are coming and surely there will be more improvement in security and wallets. When those improvements arrives, we will still see how to adopt them but for now, it does not require much to know what wallet to use and how to get started with investing in bitcoin already.

[Btcdeybodi]

The whole fact about it all, is that everything we do concerns or requires a certain level of knowledge, it could aswell be that little which is rightly appropriate for a beginner, now going further the rest of knowledge goes with one's ability to remain consistent in the market. I think most especially the new investors are likely to make the right choices for themselves on how they understand even slightly on how the market operates, it could be on how much they choose to invest, when and what strategies to be implemented without having to blindly follow whatever they feel could be it, whereas we know that little mistake that could be made and it turns out to become a huge loss.

The only level of knowledge that is required here as an investor to start your Bitcoin journey is storage, security, risk and tolerance which in general are the process of starting an investment. When you eventually buy a little then you will understand that the rue knowledge comes when you have already get your investment kicking. Along the line you will understand what i mean. The good news is that there is a ton of information's out here for Bitcoin beginners. A lot of learning resources, articles and even here in this very forum can equip you with several knowledge from different enthusiast so that you can choose to make informed decisions from their opinions.

Your forgot to mention 'patience' because it is also one of the criteria that will enable you to be able to withstand the tough times when you feel like giving up due to some unforseen events that might occur in the future. Yes, as a beginner you shouldn't wait to acquire all the necessary knowledge before you start investing in Bitcoin because you may not actually understand the dynamics of investment until you have invested then you can seek the complete knowledge gradually however, a beginner should not only depend on the information they hear or come across online or just follow people that feels they are experts as there is need to DYOR so that you can have a backup with the information gotten from other people or sources. It is also good to know that investments are risky, therefore acquaint yourself with the right knowledge that will guide you through your accumulating stages but that should come after you must have started making your investments in Bitcoin.

[adultcrypto]

For me, it's simple, if there are people who are delaying buying Bitcoin or just waiting for the price to drop to buy it, for me these people have no intention of investing in Bitcoin. it's better to just leave them with their assumptions. and for those who are consistent with their investment and entrust their investment to bitcoin, continue to accumulate your bitcoin, because the journey will be very long, and if you talk about long-term targets, you need stable finances and patience to continue accumulating, therefore the DCA strategy will be very helps with the investment you are carrying out, this strategy does not care about market conditions, DCA only focuses on the goal of accumulating gradually, either weekly or monthly. and I still use the DCA strategy to this day to accumulate my targeted bitcoin and it really helps

Depending on the approach one choses, waiting can actually be a strategy too and never a bad thing. For instance, someone using a combine DCA with buying the dip can continue buying through the DCA with the amount budgeted for that while setting aside the amount for buying the dip and wait for the dip to actually happen, knowing that it will surely happen because price does not continue in one direction forever.

We don't have to make it look as if we are under pressure to enter the market because even the DCA also is a waiting process because you are buying in piece of what you budgeted to be invested in bitcoin, you don't put all the money at once but in small quantity and regularly. In other words, assuming you want to invest $10k into bitcoin in the next six months and you have the money now, as long as you have chosen to use the DCA strategy, it means you have to invest gradually while keeping the other parts till the time for the next buy. This is a kind of waiting.

People wait in different ways, some set limit orders while some use market execution when price get to their preferred entry point. The important thing is one must know what he is waiting for and act accordingly as long as the overall objective is to invest and hold.

[Ruttoshi]

 After a newbie understand how to buy and sell

I don't think that a new investor into bitcoin should care about how to sell his bitcoin because it is useless to him since he is only focus on accumulating bitcoin for a very long term since he has made up his mind to hodli for a long time. The first thing a new investor needs to figure out is how much from his discretionary income that he will use to buy bitcoin at the beginning that will not affect his regular buying weekly or monthly using DCA strategy. He also needs to know how much he will use to start building his emergency funds of 3-6 months that will be able to survive his bitcoin investment portfolio for the duration of time he plans to reach his bitcoin target. Discretionary income is the most important because it is from there that he will use to buy his bitcoin regularly and grow his emergency funds, reserve funds.

common sense require that protection of the asset is the key thing.

Exchange is the first place a new investor needs to store his bitcoin in the beginning because it is from exchange that he will buy his bitcoin from and because he is new in bitcoin and have the money to start buying immediately, he will leave his coins in an exchange and gradually when his bitcoin size is increasing due to regular DCA purchases, he can learn on which wallet that he can use to keep his bitcoin safe. You should also know that since he is a new investor and getting started immediately is the best no matter how little the amount is, he needs to pile up his bitcoin in an exchange so that it can get up to $500 and above before he can send it to his self custody wallet that is best for him.

The fact is that whoever is DCAing do not have any option than to keep your coins in an exchange for it to be a big amount before transferring it to your wallet so that in future, your small inputs will not be a barrier to your profit. Also when bitcoin transaction fee is high, will you transfer $100 worth of bitcoin that you bought this week to your wallet, it will not be a wise decision and that is why at that period of time, you will leave your coins in an exchange for it to pile up to a good amount.

There is no problem leaving your coins in an exchange for just a month but it is when you turn the exchange to your permanent bank that is the problem.

[rachael9385]

Well, your points are not actually bad but the most important knowledge that a new Bitcoin investor needs before applying security to his holdings is how to buy. If an investor knows how to buy he can also know how to secure his Bitcoin, at that moment he believes that it is his asset because he exchanged his fiat for Bitcoin through p2p, at this first point when he has purchased Bitcoin he doesn't care if he has make profits or not, the next step is for him to send the Bitcoin to the wallet he will use for holding. Which means after buying, the other important step is sending.
As a newbie to Bitcoin investment, you also need to calculate the figures of Bitcoin you have, so that while sending from the exchange you bought Bitcoin from to the wallet that you will use for holding you can be able to figure out the fees for your transactions so that you will know the figures of Bitcoin that you will receive.

Personally I feel a newbie should learn about a secure wallet and method to implement

You have said well but there is also something I want you to understand, as a newbie to Bitcoin investment, learning about a secured wallet when you have not yet buy any Bitcoin is not a good move, the important thing is buy the Bitcoin first before any other thing, while waiting to know a good and reputable wallet to hold your Bitcoin you might have missed some good opportunities that won't come back again. Now let's say you wanted to buy $200 worth of Bitcoin, and you are still waiting because you are contemplating about a more secured wallet, you might miss the dip (if you are also the type that want to buy during dip period) and you might still end up not buying at all because you haven't seen any wallet that's suitable for you. Am only saying that you should buy first before making any other move that's why buying is the most important knowledge a new Bitcoin investor needs to know.

Before learning how to * or sell.

You are still getting it wrong, as a new Bitcoin investor you don't need to sell yet because you haven't achieved anything (unless you are not investing for long term).
Long term investment is the goal and a new Bitcoin investor who has applied DCA method should not think of selling his/her Bitcoin anytime soon because holding BTC for long term is not about sell and buying again (only traders does that), you only need to buy, buy and buy until 5 or 10 years of investment. Dipping your hands into your investment won't profit you anything rather it will make you not achieve a good portfolio.

[Cryptoprincess101]

Exchange is the first place a new investor needs to store his bitcoin in the beginning because it is from exchange that he will buy his bitcoin from and because he is new in bitcoin and have the money to start buying immediately, he will leave his coins in an exchange and gradually when his bitcoin size is increasing due to regular DCA purchases, he can learn on which wallet that he can use to keep his bitcoin safe. You should also know that since he is a new investor and getting started immediately is the best no matter how little the amount is, he needs to pile up his bitcoin in an exchange so that it can get up to $500 and above before he can send it to his self custody wallet that is best for him.

If not for high transactions fees I see no reason why you should buy and accumulate Bitcoin in an exchange because it can become vulnerable to hacks, we should know that exchanges is not the best place to store our Bitcoin no matter how little it is because the security of our Bitcoin should be taken at utmost priority. I know that $500 may not appear too big for you but to some people it is especially when they think of the amount in Fiat they used to buy such quantity of Bitcoin so there is no amount that is too small to lose but as for me, so far as I have long term hodling targets, i will prefer to move my Bitcoins to self custodial wallets immediately after making the purchase. Exchanges are risky to keep one's bitcoin and leave till you have accumulated enough, don't forget that there were previous cases of exchanges crashing and a lot of people that had assets in those exchanges lost everything so we ought to give our assets maximum protection which is to seek for self custody wallets even though the asset may be very little, it's better to lose part of your assets as transaction fees than lose everything to exchange platforms.

[Zackz5000]

Well, your points are not actually bad but the most important knowledge that a new Bitcoin investor needs before applying security to his holdings is how to buy. If an investor knows how to buy he can also know how to secure his Bitcoin, at that moment he believes that it is his asset because he exchanged his fiat for Bitcoin through p2p, at this first point when he has purchased Bitcoin he doesn't care if he has make profits or not, the next step is for him to send the Bitcoin to the wallet he will use for holding. Which means after buying, the other important step is sending.
As a newbie to Bitcoin investment, you also need to calculate the figures of Bitcoin you have, so that while sending from the exchange you bought Bitcoin from to the wallet that you will use for holding you can be able to figure out the fees for your transactions so that you will know the figures of Bitcoin that you will receive.

Not quite
In Engineering there's a saying in my side that before learning how to switch ON a machine learn how to switch it Off first
There are people, I mean lots of people that can buy and sell Bitcoin but few of the majority can really secure their holdings
Like we normally say if it ain't your keys, it ain't your coins.
What am saying is even if you can buy and sell Bitcoin with no prior knowledge on how to secure it
Good wallets to use among other security measures
It's the same as placing your money in an empty pockets
The importance of security is quite underrated
Personally I feel a newbie should learn about a secure wallet and method to implement
Before learning how to buy or sell.

Since the concept of this thread is not talking about how to buy and sell but how to buy and hodl I think it would have been real if your sentence was before learning how to buy and hodl since there are also newbies here or new investors before they will believe that it is all about buying and selling here which can be problematic and misleading to newbies that Bitcoin investment is all about buying and selling instead of buying and hodling for longer period of time between 4-10 and above using the DCA strategy to accumulate Bitcoin irrespective of the price level either weekly or monthly.