Buy the DIP, and HODL!

[Fauderz]

Investing in Bitcoin requires a lot of learning about investing. The more we study about investing the easier it seems to me. Studying specific topics is very important It is not just Bitcoin investing that you are asked to study but for every situation that you are in your business or situation that you are in, you have to study a lot. 

Actually in this situation I think it is optional. We do need to learn about what bitcoin is and how to invest in bitcoin but we don't need to learn too much about investment theory if we really want to start because in the end this kind of theory will only make you struggle in learning but not dare to try.
I do not deny that learning is something very important but you should also try to directly practice what you learn because after all we can also still learn by doing so that the theory we learn is directly in the form of action in practice so that you know that what you learn is true or not.

[1714302581]

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[Churchillvv]

So, don't assume that Bitcoin will give you profits quickly. To achieve big profits, we need to be patient and ready to invest in the long term. Buying aggressively and taking advantage of falling price opportunities allows you to profit more efficiently when the market becomes bullish.

I agree with these ideas.. except to the extent that you (ginsan) seem to believe that the long term causes a guaranteed that you are going to end up being profitable, which it does not.

This response of yours has now open and/or widen my horizons, because most people have created this illusion around long term holding of bitcoin as the messiah that guarantees 100% profit in future without rational thinking, just to prove themselves lovers of Bitcoin or thereabout. now making someone who is selling out their Bitcoin of any amount look foolish or something even though the reason for selling is quite convincing and underminding the fact that Bitcoin is over 14 years now that it could be someone's target of holding or someone who has hodl for about 10 years or thereabout could have been a long time holding for the so called person. Some people might sell out there holdings for some reason like health issues etc but constantly I see people judging from their subjectivity and/or biased views that it is only advisable to hodl for long time. The manner in which it's been discussed brings up this xenocentrism in people who might not be well grounded in Bitcoin or the forum itself to feel so low and/or disappointed in themselves speaking from an empathic view. In as much as am concerned the major reason for venturing into Bitcoin is for the sole aim of profit. Infact every investment is majorly for profit but although in the case of Bitcoin it not  about investment but other knowledge included. So considering long time holding doesn't guarantee profit.

[JayJuanGee]

So, don't assume that Bitcoin will give you profits quickly. To achieve big profits, we need to be patient and ready to invest in the long term. Buying aggressively and taking advantage of falling price opportunities allows you to profit more efficiently when the market becomes bullish.

I agree with these ideas.. except to the extent that you (ginsan) seem to believe that the long term causes a guaranteed that you are going to end up being profitable, which it does not.

This response of yours has now open and/or widen my horizons, because most people have created this illusion around long term holding of bitcoin as the messiah that guarantees 100% profit in future without rational thinking, just to prove themselves lovers of Bitcoin or thereabout. now making someone who is selling out their Bitcoin of any amount look foolish or something even though the reason for selling is quite convincing and underminding the fact that Bitcoin is over 14 years now that it could be someone's target of holding or someone who has hodl for about 10 years or thereabout could have been a long time holding for the so called person. Some people might sell out there holdings for some reason like health issues etc but constantly I see people judging from their subjectivity and/or biased views that it is only advisable to hodl for long time. The manner in which it's been discussed brings up this xenocentrism in people who might not be well grounded in Bitcoin or the forum itself to feel so low and/or disappointed in themselves speaking from an empathic view. In as much as am concerned the major reason for venturing into Bitcoin is for the sole aim of profit. Infact every investment is majorly for profit but although in the case of Bitcoin it not  about investment but other knowledge included. So considering long time holding doesn't guarantee profit.

Your comments are mostly fair Churchillvv,  yet there are a lot of ways to deal with uncertainties in terms of upside and also acknowledging that upside is not guaranteed and even going to zero is not a non-zero event, even though it may well be a 1 in a million kind of an event...or some other low probability kind of a situation.

So a couple of fairly obvious ways to deal with the various negative scenarios might be to figure out position size that allows you to account for that, and there is no reason that you might still be aggressive and also be reluctant to sell any BTC until reaching some kind of a target amount while at the same time acknowledging the various possible negative scenarios.

Another thing is that bitcoin is such a great asymmetric bet to the upside that if the upside scenarios end up playing out any of us could become rich as fuck (or at least beyond any of our wildest of expectations) and the most that you could lose (as long as you don't employ leverage) would be 100% of your investment, but you could end up gaining multitudes higher especially since there is a quite a bit of power in compounding profits which results in exponential growth of investment sizes.

Another thing is that you could actually still achieve exponential growth and great compounding profits even while shaving off small amounts of profits along the way... and I think that I mentioned to someone that I have around 80% of the amount of cash in my bitcoin related investment portfolio that I had totally invested into bitcoin, but still my cash is like only 2.5% the size of the value of my whole BTC investment porfolio that includes calculating the value of the bitcoin and the cash that is dedicated to buying bitcoin.. . and part of the explanation is that my BTC profits are around 37x to 38x, so you might be able to imagine why the amount that I invested is like around less than 2.5% fo the overall value and that happens to be the amount of cash that I am holding... so it can be quite amazing to be able to shave off profits from time to time, and still have plenty of BTC so that there is not so many worries about it.. even though surely, even if someone has a lot of other non-BTC assets, sometimes there still can be feelings like there is too much bitcoin exposure.

Some people will be quite challenged to ever getting into a position of having too much BTC, because sometimes it can take 10, 20 or 30 years to get to that kind of a position in which you had been building up your investment portfolio.. and still be lucky to still be alive an to be able to reap some of the profits from it.

Another example might be a real poor person who might ONLY make less than $5k per year, and so it might feel like a real lot of money to get up to $5k invested into bitcoin, and if the person ONLY has bitcoin and cash as his/her investment portfolio, there could be some questions regarding if such person should not start to engage in diversification. .. and so at what point is the diversification question becoming relevant might be different foreach person even though I like to use the annual income as a kind of guide and I also like to consider that anyone getting in the arena of 20x to 30x of his/her annual income in his/her investment portfolio, then s/he is likely reaching entry level fuck you status, which largely means that s/he should not need to work anymore and s/he should be able to live off of his/her investment portfolio for the rest of his/her life without really depleting it.

I have several times mentioned that I like to use the 200-week moving average to assess the value of my BTC stash (not spot price), and so spot price could still affect what i do, but the 200-week moving average helps to reach a fair value of the BTC based on bottom prices. rather than getting mislead by bitcoin's ongoing volatility that is not likely to really get any better in the coming 10-20 years, which should be relevant to almost any of us currently investing into bitcoin.

[Popkon6]

Actually in this situation I think it is optional. We do need to learn about what bitcoin is and how to invest in bitcoin but we don't need to learn too much about investment theory if we really want to start because in the end this kind of theory will only make you struggle in learning but not dare to try.
I do not deny that learning is something very important but you should also try to directly practice what you learn because after all we can also still learn by doing so that the theory we learn is directly in the form of action in practice so that you know that what you learn is true or not.

How can you be motivated to invest in Bitcoin if you don't know about Bitcoin investing? Don't you know that the more experienced you are with Bitcoin the more successful you are. Because you don't know what to do about Bitcoin? There are ideas. Because of course our education about bitcoin is very important because if I don't have knowledge about bitcoin then investment is definitely ricks. Only after knowing the information should we awaken our ability to take risks, and invest in Bitcoin to the best of our ability as we move forward into the future. So I definitely prioritize learning about Bitcoin and gaining knowledge about investing.

[Republikcoin.com]

Actually in this situation I think it is optional. We do need to learn about what bitcoin is and how to invest in bitcoin but we don't need to learn too much about investment theory if we really want to start because in the end this kind of theory will only make you struggle in learning but not dare to try.

In terms of investment, you can actually experiment while learning, because there really isn't much that needs to be theorized about investment as long as someone already knows which assets are the best and why those assets are the best. So it is necessary to introduce yourself at an early stage while reading several theories that can help you invest in Bitcoin.

I do not deny that learning is something very important but you should also try to directly practice what you learn because after all we can also still learn by doing so that the theory we learn is directly in the form of action in practice so that you know that what you learn is true or not.

That's what I meant above so studying theory doesn't need to take too long because in the end it also requires direct practice of what we have read previously. So learning while practicing is quite a good and complete thing to reap maximum results in a job and the most important thing is not to quickly give up on what we have done in a certain time after taking the time to study it and practice it on ourselves. Stick to good paths and methods such as DCA if you are also starting to like Buy the Dip, and Hodl.

[Bd officer]

Actually in this situation I think it is optional. We do need to learn about what bitcoin is and how to invest in bitcoin but we don't need to learn too much about investment theory if we really want to start because in the end this kind of theory will only make you struggle in learning but not dare to try.
I do not deny that learning is something very important but you should also try to directly practice what you learn because after all we can also still learn by doing so that the theory we learn is directly in the form of action in practice so that you know that what you learn is true or not.

How can you be motivated to invest in Bitcoin if you don't know about Bitcoin investing? Don't you know that the more experienced you are with Bitcoin the more successful you are. Because you don't know what to do about Bitcoin? There are ideas. Because of course our education about bitcoin is very important because if I don't have knowledge about bitcoin then investment is definitely ricks. Only after knowing the information should we awaken our ability to take risks, and invest in Bitcoin to the best of our ability as we move forward into the future. So I definitely prioritize learning about Bitcoin and gaining knowledge about investing.

Many people think that investing in bitcoins doesn't require much learning, yes investing in bitcoins doesn't require much learning, if there are some minimal ideas to invest. There is no end to learning, the more you try to learn the more knowledge you can gain. Actually gaining knowledge in Bitcoin is not a difficult matter. You don't need to go to school and get a degree to learn about Bitcoin. If one can study this bitcointalk forum regularly for a few days to learn bitcoin then one can easily gain knowledge about bitcoin. Besides, one can easily learn about Bitcoin from those who have enough knowledge about Bitcoin. So why invest in Bitcoin with little knowledge? It is better to invest by acquiring good knowledge about Bitcoin.

[Mayor of ogba]

Investing in Bitcoin requires a lot of learning about investing. The more we study about investing the easier it seems to me. Studying specific topics is very important It is not just Bitcoin investing that you are asked to study but for every situation that you are in your business or situation that you are in, you have to study a lot. 

Actually in as much as I will agree with you on the importance of learning but I will also have to disagree with you on the aspect you mentioned that investment on Bitcoin requires a lot of learning, on the contrary the little I understand from Bitcoin investment is that we don't need too much learning about Bitcoin before we could start investment but however is mostly required to have a basic knowledge about Bitcoin investment after then you can start investing.

Because if serious learning was much involved most beginners would have find it difficult to invest, don't get me wrong because I'm not disputing the fact that learning is not important but the point I'm only trying to state is that Bitcoin doesn't involve much of learning, all you only need is just the basic then you are good to start.

I agree with you that Bitcoin does not require much learning before one can start a Bitcoin investment. Once newbies have the basic knowledge of Bitcoin and also understand that Bitcoin is not a get-rich-quickly scheme, that it is a long-term hold for like 4-5 years before the real profit will come. I think when newbies know these basic things about Bitcoin, whenever they are ready to invest in Bitcoin they will use the money they will not need soon to invest in Bitcoin with the DCA strategy because they know Bitcoin is a long-term hodl. They can continue to learn about Bitcoin after they have made their investment in Bitcoin.

[Salahmu]

Many people think that investing in bitcoins doesn't require much learning, yes investing in bitcoins doesn't require much learning, if there are some minimal ideas to invest.

As it was explain by @Jay on the previous messages above, so putting it on my own understanding, in as much as learning is important we can never compare learning and a beginners who has started investment and at the same time learning, so however in times of investment telling a beginner to focus more on learning could discourage him but however if they were able to start investment it make it more interesting and easier for them because they are seeing everything they need to know, so lets not allow learning clound our judgment in times of investing on bitcoin.

However using my school days for instance, there are some practical courses we normally do and whenever our lecturers tries to explain it theoretically without practical it becomes difficult to understand but when he took us to the workshop things that we were feeling was difficult when he was explaining in the class became so easy more than even the way he was explaining it so in times of investment when a beginner learns from his investment it enhances his knowledge to easily understand what investment is all about.

[adultcrypto]

Actually in this situation I think it is optional. We do need to learn about what bitcoin is and how to invest in bitcoin but we don't need to learn too much about investment theory if we really want to start because in the end this kind of theory will only make you struggle in learning but not dare to try.
I do not deny that learning is something very important but you should also try to directly practice what you learn because after all we can also still learn by doing so that the theory we learn is directly in the form of action in practice so that you know that what you learn is true or not.

How can you be motivated to invest in Bitcoin if you don't know about Bitcoin investing? Don't you know that the more experienced you are with Bitcoin the more successful you are. Because you don't know what to do about Bitcoin? There are ideas. Because of course our education about bitcoin is very important because if I don't have knowledge about bitcoin then investment is definitely ricks. Only after knowing the information should we awaken our ability to take risks, and invest in Bitcoin to the best of our ability as we move forward into the future. So I definitely prioritize learning about Bitcoin and gaining knowledge about investing.

Trust me, if you treat Bitcoin like you will treat other investments like stocks, real estate and even treasury bill, you will be successful.  Those that follow Bitcoin in the formal way of investing like buying shares in a startup company tend to produce better results than those that are too fixed on the technical knowledge of Bitcoin before they consider buying.

Like a lot of people have already commented here, expert knowledge of Bitcoin is not what you need to be successfully invested in Bitcoin. Knowing everything about Bitcoin is not what will help you build faith around it. This does not mean knowledge is not good. We must strive to emphasize
the fact that  investing in Bitcoin is easy and not tied to the measure of knowledge you have about Bitcoin, something newbies can do because that is the truth.

[Patrol69]

Actually in this situation I think it is optional. We do need to learn about what bitcoin is and how to invest in bitcoin but we don't need to learn too much about investment theory if we really want to start because in the end this kind of theory will only make you struggle in learning but not dare to try.
I do not deny that learning is something very important but you should also try to directly practice what you learn because after all we can also still learn by doing so that the theory we learn is directly in the form of action in practice so that you know that what you learn is true or not.

How can you be motivated to invest in Bitcoin if you don't know about Bitcoin investing? Don't you know that the more experienced you are with Bitcoin the more successful you are. Because you don't know what to do about Bitcoin? There are ideas. Because of course our education about bitcoin is very important because if I don't have knowledge about bitcoin then investment is definitely ricks. Only after knowing the information should we awaken our ability to take risks, and invest in Bitcoin to the best of our ability as we move forward into the future. So I definitely prioritize learning about Bitcoin and gaining knowledge about investing.

The most important thing before investing in Bitcoin is to know about Bitcoin and investing first. If we don't have an idea about investment then we don't know where to start and where to end the investment. There's a lot to know about investing, investing isn't as easy as we think, but it's really not that easy. There are many differences between a professional investor and a novice investor. A professional investor analyzes the market deeply before investing but a new investor never analyzes the market so deeply but invests only based on his intuition. Investing is never risk free, no matter how professional an investor you are you have to risk money and then invest. 

Before we invest we need to gain adequate understanding about investing first. When we gain adequate understanding about investments, we are more likely to succeed from those investments. After gaining enough knowledge about investment, we must be sure that we are investing in the right coin. Because choosing the right coin is very important when investing in a long-term plan. After investing in the right coin we need to plan so that we can hold our investment for a long time, because the longer we hold the investment, the more likely we are to make a profit from the investment. Another thing we need to pay attention to while investing is not to get excited due to market volatility. The kind of volatility we are seeing in the market now is often the kind of volatility that happens if we don't get excited by this volatility and hold on to our investments, but we won't get anything good out of that investment. 
An investor must accept these points before investing and then invest.

[Ruttoshi]

Actually in this situation I think it is optional. We do need to learn about what bitcoin is and how to invest in bitcoin but we don't need to learn too much about investment theory if we really want to start because in the end this kind of theory will only make you struggle in learning but not dare to try.
I do not deny that learning is something very important but you should also try to directly practice what you learn because after all we can also still learn by doing so that the theory we learn is directly in the form of action in practice so that you know that what you learn is true or not.

How can you be motivated to invest in Bitcoin if you don't know about Bitcoin investing? Don't you know that the more experienced you are with Bitcoin the more successful you are. Because you don't know what to do about Bitcoin? There are ideas. Because of course our education about bitcoin is very important because if I don't have knowledge about bitcoin then investment is definitely ricks. Only after knowing the information should we awaken our ability to take risks, and invest in Bitcoin to the best of our ability as we move forward into the future. So I definitely prioritize learning about Bitcoin and gaining knowledge about investing.

The best knowledge in an investment will be gotten through experience because when you have invested in bitcoin, that is when you have started you bitcoin journey and along the road to your bitcoin target, there are many unforeseen challenges that will come your way, which you have to come up with a strategy that will make you overcome it. Theory is simple because it is just one way but practical gives you the full insight of the investment and how you can grow your your investment. How you can be able to be flexible with the market in accumulating bitcoin with regular DCA.

The most important thing that a beginner needs is the basic knowledge of bitcoin which is how to buy and save in a self custody wallet, and to know that investing in bitcoin is a long term mission to lessen the risk as a newbie with little knowledge. Financial management is also plays a major role and this is based on the individual income which varies from person to person. If you can only use the amount that you can afford to lose as a beginner, for regular DCA either weekly or monthly so that as time goes on, when he has begin to understand and grow more faith and knowledge in bitcoin, he can increase his DCA amount.

Emotions and discipline is not something that one can teach you how to control because if you invest in what you can afford to lose and have the believe in bitcoin, it will help you to grow your investment gradually as you are learning and increasing your knowledge. Bitcoin investment is not complex the way newbies think it is. It is better to get started early than waiting to acquire the major knowledge on bitcoin before investing. Remember learning never ends and it is a gradual process.

[JayJuanGee]

Many people think that investing in bitcoins doesn't require much learning, yes investing in bitcoins doesn't require much learning, if there are some minimal ideas to invest.

As it was explain by @Jay on the previous messages above, so putting it on my own understanding, in as much as learning is important we can never compare learning and a beginners who has started investment and at the same time learning, so however in times of investment telling a beginner to focus more on learning could discourage him but however if they were able to start investment it make it more interesting and easier for them because they are seeing everything they need to know, so lets not allow learning clound our judgment in times of investing on bitcoin.

However using my school days for instance, there are some practical courses we normally do and whenever our lecturers tries to explain it theoretically without practical it becomes difficult to understand but when he took us to the workshop things that we were feeling was difficult when he was explaining in the class became so easy more than even the way he was explaining it so in times of investment when a beginner learns from his investment it enhances his knowledge to easily understand what investment is all about.

Not ONLY does action help each of us to potentially learn better, it helps us to tailor our learning (and our actions) to our own situation, which helps us to learn more about ourselves, our boundaries, our ways of learning, our inclinations to take risk (or not), and the various little and difficult to understand ways that we would not be able to see very well without putting theory to practice.

Another presumption is that each of us already comes to bitcoin with some kind of life knowledge - since we are likely not 5 year olds playing with knives, yet even if we might not have very many abilities to manage money, we should be able to learn those kinds of basic skills such as figuring out how much money do we have coming in, and how many expenses do we have.. Are our expenses necessary or some of them can be cut, and how about our income can we increase it, or is it unstable.  Once we know how much money we have left, then we can figure out how much to divide that into our cashflow reserves, our emergency fund, and then what is left from that can be put into bitcoin. 

These sometimes seem like complicated ideas, but they are ultimately basic ideas that any of us can learn, but we are not going to learn them without practicing them and also letting them run over time to figure out how disciplined we are and whether we are getting emotional about how much of a reserve that we are maintaining and in which direction and might there be some things that we can tweak in order to help us to become less emotional about how we are balancing these matters.

Of course, knowing things about bitcoin is helpful, but it is not the most basic of things, and so we have to make sure that we have the most basic of things in better order before we get too caught up in focusing on bitcoin.. and it is not like we cannot accomplish some of these learnings simultaneously, but the fact that we might feel like dummies in regards to some of the basics does not mean that we should not get started right away, including figuring out whether we have $10 that we can spare to just get started... and yeah maybe it would be better to start out with $100 or $200, but if we ONLY have $10 that is available without encumbrances, then it is better to start with the smaller amount and maybe tell ourselves that in one or two weeks (or months) we are going to inject another $100 or $200 into bitcoin,

but in the earliest stage, after we merely bought our first $10, we might be spending some time organizing aspects of our own finances and learning basics about where to acquire bitcoin and where to store it and then maybe if there might be alternative means of doing it in our community and then are there ways to better organize cashflows and expenses in order to get some better grasps upon how much extra money is available to potentially invest in bitcoin and also to perhaps simultaneously establish and/or shore up cashflow reserves and an emergency fund if we had never previously thought about making sure that we have those things in place for 3-6 months, and if we do not have any, then we might have to do a lot of purposeful stressful learnings just to get those kinds of matters into place, which could take 6 months to a year to merely make sure that we have at least 3 months of cash (or otherwise liquid - non-bitcoin) reserves... so even if we are establishing all of these basics in our lives, we should not be stopped from making sure that we include bitcoin in the mix, even if we can only get ourselves to a point of feeling comfortable with a mere $10 invested, just to get started and then figure out from there how to build our bitcoin while shoring up other aspects of our finances and psychology so that we end up investing into bitcoin for 4-10 years or more rather than using bitcoin as a means to gamble in various kinds of short term ways that may or may not play out if we are fixing our systems without longer term thinking in mind.

Actually in this situation I think it is optional. We do need to learn about what bitcoin is and how to invest in bitcoin but we don't need to learn too much about investment theory if we really want to start because in the end this kind of theory will only make you struggle in learning but not dare to try.
I do not deny that learning is something very important but you should also try to directly practice what you learn because after all we can also still learn by doing so that the theory we learn is directly in the form of action in practice so that you know that what you learn is true or not.

How can you be motivated to invest in Bitcoin if you don't know about Bitcoin investing? Don't you know that the more experienced you are with Bitcoin the more successful you are. Because you don't know what to do about Bitcoin? There are ideas. Because of course our education about bitcoin is very important because if I don't have knowledge about bitcoin then investment is definitely ricks. Only after knowing the information should we awaken our ability to take risks, and invest in Bitcoin to the best of our ability as we move forward into the future. So I definitely prioritize learning about Bitcoin and gaining knowledge about investing.

The most important thing before investing in Bitcoin is to know about Bitcoin and investing first. If we don't have an idea about investment then we don't know where to start and where to end the investment. There's a lot to know about investing, investing isn't as easy as we think, but it's really not that easy. There are many differences between a professional investor and a novice investor. A professional investor analyzes the market deeply before investing but a new investor never analyzes the market so deeply but invests only based on his intuition. Investing is never risk free, no matter how professional an investor you are you have to risk money and then invest. 

Even if you might not have had intended to do so Patrol69, you make it seem learning intensive to become an investor, and many people already invest in a variety of ways, even if they might not get their shit together financially, and I would suggest that anyone should be able to get good grasps upon their finances in order to figure out whether they are able to invest $100 per week into bitcoin or if it might be some other amount.  Sure they may need to organize themselves and they may even need to figure out their shit during the time that they are not working or juggling kids around or whatever they might have going on in their lives.  So if they are not already organized, they might need to organize themselves better, and they do not need to put themselves into novice or professional investor categories, to the extent that a professional investor is even something that anyone needs to aspire to .. makes it sound like trading rather than engaging in basic practices to protect wealth and maybe even to figure out how to budget yourself in a way that you know how much you are putting into bitcoin versus other kinds of places that you might have value, even if you might not have previously thought about your various assets as an investment portfolio...

Before we invest we need to gain adequate understanding about investing first. When we gain adequate understanding about investments, we are more likely to succeed from those investments. After gaining enough knowledge about investment, we must be sure that we are investing in the right coin. Because choosing the right coin is very important when investing in a long-term plan. After investing in the right coin we need to plan so that we can hold our investment for a long time, because the longer we hold the investment, the more likely we are to make a profit from the investment. Another thing we need to pay attention to while investing is not to get excited due to market volatility. The kind of volatility we are seeing in the market now is often the kind of volatility that happens if we don't get excited by this volatility and hold on to our investments, but we won't get anything good out of that investment. 

Even though it is kind of general, there's nothing wrong with any of these points.

An investor must accept these points before investing and then invest.

I doubt that investors need to do certain things first because sometimes they just need to get started and get into practice and applying knowledge that they likely already have.  There is no reason that we need to attempt to be patronizing in regards to the lack of knowledge that people have, even though it might be true that some of them might not have consistently attempted to apply their knowledge in a kind of way to organize their investing and to constantly be learning from what they are doing and having a goals to accumulate bitcoin, whether it is $100 per week or $10 per week, and at the same time learning and organizing around that which might even mean that they might tell themselves that they are going to spend 4 hours per week on bitcoin and/or organizing their finances (and psychology around finances)... 

Maybe 2 hours on Sundays  and 2 hours on Wednesdays.? hahahahaha .. I am not sure if that would be enough time, but it would be better to move from 0-1 hour per week and into 4 hours per week  rather than sticking with 0-1 hour per week, and maybe later there could be a realization that they might need to dedicate a bit more time to the matter.. maybe 6-8 hours per week.. but little by little and each person has to figure out what quantity of time works for their situation..and maybe they will come to realize that if they really want to get serious about understanding matters, they might have to spend more time on it, but if they are not able to carve out such time, they might have to take a more conservative approach in their investing until they might be able to spend more time, such as 10-20 hours per week for a few months, and then after they have learned further, then maybe they can cut back down to 4 hours per week or whatever is the maintenance amount that works for their situation.

[Litzki1990]

Actually you have said it all because for a beginners to have develop passion on investing on bitcoin is when he is being shown the practical aspects of the learning as such that if his normal intentions is for accumulating using $10 on a weekly basis but however since he is still getting use to the basis of bitcoin he could start with $5 weekly accumulation at least to get use to the bitcoin investment then later he can continue with his normal amounts he intend to use in his accumulation.

So perhaps if a beginners is investing, it could help enhance or encourage him the more in times of learning about bitcoin and investment instead of going through all the learning without really knowing or seeing what investment is all about perhaps the beginner may be discouraged on the process because in times of investment is always wise to be learning as you are investing because that would be your propelling factor or motivation

Investing in Bitcoin fulfills many hopes of an investor. I wanted to share this topic but it was not shared but today I feel that I should share this.  
A few days ago a member created a topic in the Bitcoin Discussion section and he headlined his topic Paid for my wedding by investing in Bitcoin. The member probably invested in Bitcoin when it was worth $25K and after $37k he sold his investment and paid for his entire wedding with the money he made from his investment in a short period of time. When the member invested $25K he didn't even know that he would be able to pay for his wedding with his investment profits. But the member did not fix his marriage on the basis of his investment profit but his marriage might have been fixed and he might have managed the money for his wedding expenses in some other way. But she/he invested and she made a profit from her investment and paid for her wedding with a portion of the profit, where she did not need to manage money in any other way.  
In conclusion, the investment in Bitcoin fulfilled a small dream of his, if he was not married at that time, the member might have held his investment for a longer period of time in the hope of profit, and if he had held his investment for a longer period, his profit might have been more.

The person I am talking about did not end his investment after reaching $37K but he will invest again in Bitcoin again and of course with more money and with a long term plan. There are many more people like the one I just mentioned who have achieved much better than expected by investing in Bitcoin. If we can only rely on the market and invest in Bitcoin for a long time with some risk of money, then like the mentioned person, we can fulfill our hopes by investing in Bitcoin.

[Hatchy]

we can fulfill our hopes by investing in Bitcoin.

Well, I think he or she never intended to invest in Bitcoin for the long term gain or profit. Sometimes during the period of HODLING, we might be faced with many temptations or problems that might want to make us use up our investment. That's why it's usually adviced to have a job or something that could generate you more income during the period of HODLING your Bitcoins.

 For the above mentioned person, he obviously must have spent all of his investment to run his wedding in fullest. It's good to have other sources of earnings while HODLING Bitcoin to avoiding you missing out on the profits you should have made after you had already sold your btc. I know of a friend who recently sold his Bitcoin during this period when Bitcoin was around 34k-35k he actually needed funds to do something's because the one he was expecting had not arrived just yet. After he sold his coins. He said the market moved to 36k/37k which we are currently in now and sooner he started regretting why he had sold his coins. So what I'm saying is that, if you are allocating particular amount of Bitcoin for your long term hodl, it should be there to serve it's purpose as a long term investment fund.

[Roseline492]

The most important thing before investing in Bitcoin is to know about Bitcoin and investing first. If we don't have an idea about investment then we don't know where to start and where to end the investment. There's a lot to know about investing, investing isn't as easy as we think, but it's really not that easy. There are many differences between a professional investor and a novice investor. A professional investor analyzes the market deeply before investing but a new investor never analyzes the market so deeply but invests only based on his intuition.

You seem not to understand were market analysis is being used, so however when you talk about investor to understand the market analysis, you are indirectly moving away from your major point of view because there is no relationship between investment on bitcoin on holding and being able to understand the market analysis before investing, so it seem a bit contracting from what you are saying.

But however weather professional or not investment on bitcoin doesn't require any analysis or perhaps you were referring to traders because they are the only ones that need market analysis but for for us we are focusing only on holding and not analysis.

[Ndabagi01]

You don't have to study very much to get started in investing in bitcoin (as Roseline492 also mentioned in response to you), but if you try to employ more sophisticated techniques or you want to attempt to maximize your ways of investing in to bitcoin as compared with other investments that you have versus other assets/currencies that you might invest in, then you may need to study more about that too.

Too much time can be spent waiting, when within that time, you can already start gathering bitcoins. The most important question before investing should be the right coin to invest in, which should be bitcoins and where to buy the bitcoins safely, just also as keeping it safe. If these questions can be answered, then a new investor can start investing before they are able gain more inside knowledge on bitcoins.

After having only a little theoretical understanding about Bitcoin, it appears to be the easiest and safest investment to make. It doesn't take long to learn about it, and its processes are transparent, direct, and prompt if you want to follow it when investing. When you deviate from the basic guidelines for starting an investment, it becomes more complicated and necessitates more study or learning of new approaches, which may necessitate more time or jeopardize your investment if you are not careful.

Many people think that investing in bitcoins doesn't require much learning, yes investing in bitcoins doesn't require much learning, if there are some minimal ideas to invest. There is no end to learning, the more you try to learn the more knowledge you can gain. Actually gaining knowledge in Bitcoin is not a difficult matter. You don't need to go to school and get a degree to learn about Bitcoin. If one can study this bitcointalk forum regularly for a few days to learn bitcoin then one can easily gain knowledge about bitcoin. Besides, one can easily learn about Bitcoin from those who have enough knowledge about Bitcoin. So why invest in Bitcoin with little knowledge? It is better to invest by acquiring good knowledge about Bitcoin.

What do you mean by "minimal investment ideas"? Is it not only bitcoin investing that will be your emphasis, which to me is the simplest and safest way to begin your investment? When you claimed that bitcoin investing is full of knowledge one can invest in, you are correct; nevertheless, what we are asking is if it is truly necessary to gain so much knowledge before you begin your investment. y then, you would have missed out a lot to invest at early stage, when you could have acquired some bitcoin at a lower price. After investing, one can continue to learn more, but this should not impact the fundamental thing that each investor does in the long run. hodl for a long time and sell at a later profit after the bull run.

[JayJuanGee]

we can fulfill our hopes by investing in Bitcoin.

Well, I think he or she never intended to invest in Bitcoin for the long term gain or profit. Sometimes during the period of HODLING, we might be faced with many temptations or problems that might want to make us use up our investment. That's why it's usually adviced to have a job or something that could generate you more income during the period of HODLING your Bitcoins.

 For the above mentioned person, he obviously must have spent all of his investment to run his wedding in fullest. It's good to have other sources of earnings while HODLING Bitcoin to avoiding you missing out on the profits you should have made after you had already sold your btc. I know of a friend who recently sold his Bitcoin during this period when Bitcoin was around 34k-35k he actually needed funds to do something's because the one he was expecting had not arrived just yet. After he sold his coins. He said the market moved to 36k/37k which we are currently in now and sooner he started regretting why he had sold his coins. So what I'm saying is that, if you are allocating particular amount of Bitcoin for your long term hodl, it should be there to serve it's purpose as a long term investment fund.

As you seem to be suggesting Hatchy, the example also does not seem to be a good way to show what kinds of things we are trying to talk about in this thread in terms of ways to manage your bitcoin investment for the long term considerations.

After investing, one can continue to learn more, but this should not impact the fundamental thing that each investor does in the long run. hodl for a long time and sell at a later profit after the bull run.

I would hate to imply that anyone should be thinking about selling all of their bitcoin, because then the just get into fucking around with trading and trying to figure out when to get back in if the goal is to continue to hold bitcoin but just to buy more cheaper... and so if you end up being 5-20x in profits then why would it matter so much if you trim off 10% of your holdings at 5x or 20x.. or maybe you figure out some way of managing your holdings so you never really end up selling all of it, even if there might be some periods in which you might choose to sell larger portions, such as 30% of your holdings (which if you are greatly in profits might constitute several times the amount that you initially invested).. so why sell it all, unless you are planning to die soon?  if you do sell it all, then where are you going to put it that would be better than being in bitcoin?

[rachael9385]

After investing, one can continue to learn more, but this should not impact the fundamental thing that each investor does in the long run. hodl for a long time and sell at a later profit after the bull run.

I would hate to imply that anyone should be thinking about selling all of their bitcoin, because then the just get into fucking around with trading and trying to figure out when to get back in if the goal is to continue to hold bitcoin but just to buy more cheaper... and so if you end up being 5-20x in profits then why would it matter so much if you trim off 10% of your holdings at 5x or 20x.. or maybe you figure out some way of managing your holdings so you never really end up selling all of it, even if there might be some periods in which you might choose to sell larger portions, such as 30% of your holdings (which if you are greatly in profits might constitute several times the amount that you initially invested).. so why sell it all, unless you are planning to die soon?  if you do sell it all, then where are you going to put it that would be better than being in bitcoin?

I haven't kept my eyes off this discussion, no matter the fact that I am not always here to discuss, but I read every line of each comments on this discussion.

However, it is a good thing not to sell all the holding in the wallet. Selling the whole BTC in the wallet is not a good one. Moreover, what is the essence of holding the BTC when the investor still sells them all at last? Although the investor might have gotten some profits, it is still better not to sell all the BTC in the wallet.

If an investor sells 50% or 70% of the BTC in his or her Bitcoin wallet, I don't think that there will still be enough Bitcoin that will suit the investor (no matter the achievements he might have gotten).

I think the other aspects of Bitcoin are to pass over to the next generation, mostly those that are aged. So, even if an investor wants to die and the investor already knows, then there is no need to sell all the BTC he or she has, but it will be good if the investor passes it on to his or her child that already knows what Bitcoin is all about, even if it is a little knowledge that the child has.

As I am the type of person that wants my family to know what Bitcoin is all about, if I am in such an aged position, I will just give my BTC to someone in my family that knows about Bitcoin, because even if I don't, I can not use it to do anything in the other part of the world.

[Sim_card]

Investing in Bitcoin fulfills many hopes of an investor. I wanted to share this topic but it was not shared but today I feel that I should share this.  

That forum member only invested in bitcoin with the funds that he was saving for his wedding and that is a wrong idea in bitcoin investment because you will end up selling your bitcoin with panic because the money was not suppose to be used to buy bitcoin. He was lucky that bitcoin price pump up when he invested and that was why due to FOMO he sold quickly to take profit. @Litzki1990, I wouldn't call that action an investment plan but trading. You don't need to have high hopes when you are investing in bitcoin because the price might not pump as you thought, you will be disappointed. Nobody is saying that you shouldn't plan big on what to achieve with your investment but rather stay focus and accumulate till when you have reached your bitcoin maintenance level, you can start thinking to fulfill your hope.

A professional investor analyzes the market deeply before investing but a new investor never analyzes the market so deeply but invests only based on his intuition. Investing is never risk free, no matter how professional an investor you are you have to risk money and then invest. 

Professional investors or a beginner will always be successful as long as they both have a long term goal, and work towards their bitcoin target. Bitcoin accumulation doesnt need one to be able to analyze the market before buying, but it only needs discipline and patient because it is easy to just keep on buying weekly as long as you have budgeted the money that you will use for regular DCA. DCA minimize the risk that will put fear into a beginner that is new to his bitcoin journey. Stay focus on your bitcoin target and continue accumulating little by little will lead him to his bitcoin target, as long as he is not selling.The difference is that it will be more easy for a professional to achieve his bitcoin target due to so much experience in the market and in accumulating bitcoin with the three strategy. What the newbie only need to do is to keep on accumulating and piling up his bitcoin through regular DCA to increase his bitcoin size.

[Salahmu]

Actually you have said it all because for a beginners to have develop passion on investing on bitcoin is when he is being shown the practical aspects of the learning as such that if his normal intentions is for accumulating using $10 on a weekly basis but however since he is still getting use to the basis of bitcoin he could start with $5 weekly accumulation at least to get use to the bitcoin investment then later he can continue with his normal amounts he intend to use in his accumulation.

So perhaps if a beginners is investing, it could help enhance or encourage him the more in times of learning about bitcoin and investment instead of going through all the learning without really knowing or seeing what investment is all about perhaps the beginner may be discouraged on the process because in times of investment is always wise to be learning as you are investing because that would be your propelling factor or motivation

Investing in Bitcoin fulfills many hopes of an investor. I wanted to share this topic but it was not shared but today I feel that I should share this.  
A few days ago a member created a topic in the Bitcoin Discussion section and he headlined his topic Paid for my wedding by investing in Bitcoin. The member probably invested in Bitcoin when it was worth $25K and after $37k he sold his investment and paid for his entire wedding with the money he made from his investment in a short period of time. When the member invested $25K he didn't even know that he would be able to pay for his wedding with his investment profits. But the member did not fix his marriage on the basis of his investment profit but his marriage might have been fixed and he might have managed the money for his wedding expenses in some other way. But she/he invested and she made a profit from her investment and paid for her wedding with a portion of the profit, where she did not need to manage money in any other way.  
In conclusion, the investment in Bitcoin fulfilled a small dream of his, if he was not married at that time, the member might have held his investment for a longer period of time in the hope of profit, and if he had held his investment for a longer period, his profit might have been more.

One of the factors that determines an investor is determination, Goals and commitments, so however as an investor who saw a great potential on bitcoin or a particular investment and you decided to invest on the bitcoin, perhaps you should be committed and have a determination that no matter the circumstances you will stick to your investment and use other source of income to settle those needs while allowing your investment to grow.

Actually I'm not disputing his decision on selling off his bitcoin to marry his wife but on the contrary he has no determination as an investor because after spending all his bitcoin on the wedding he will be left with know option but to start all over again and maybe the bitcoin price may have gone up that he will find it difficult to buy again.

Perhaps as an investor what he should have done is to adjust the wedding so that he could workout the money from other source instead of selling his bitcoin, I'm saying this because I'm a business man and trust me I can never close my business to pay for my wedding because what if after selling closing your business and after the wedding you have no money to feed your wife what will become your faith. Perhaps there is a saying that he who fails to plan, plans to fail.