Buy the DIP, and HODL!

[Salahmu]

I expect your first buy to be in lump sum or possibly an aggressive buy in order to have a reasonable amount of bitcoin in your portfolio. Once this is done and the newbie is not satisfied with the level of his portfolio, he should embrace the DCA with all his heart and follow it. There is nothing to be careful about with DCA, as this method was carefully designed to give everyone a soft landing. 

I actually disagree with you on that because aggressive investment is always not Adviseable because there is every possibility that you will get into trouble on the process, however when we talk about aggressive investment you are actually referring to investing all you have or majority of your capital on Bitcoin which is obviously not an investment advice, although we understand how potential and important investing on Bitcoin is but if you are not mindful you could end up on a tight corner.

Perhaps as a newbie who is just starting there Bitcoin journey I think the best way is not even to Lump Sum because he doesn't really no much about Bitcoin yet so the main focus should only to accumulate Bitcoin through DCA method because from there he will be free from some certain risk or missing out buying opportunities and also through the use of DCA he will now get acquainted with the ways of Bitcoin and from there he can now decide if he could utilize the Lump sum method and at the time continue with his normal DCA method.

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[smelody]

No one learns anything from the mother's womb. Circumstances and personal ambitions make him interested in the outside world. No one comes into a profession fully learned, one has to gradually acquire skills. One thing needs to be mentioned here if anyone can buy a fish from the market then understand when will gone and which better.
In exactly the same way how to buying and how to holding about cripto currancy there need not have no special knowledge.Only you have to know which board and what do you have to do. you have to know also how to secured his own wallet.

[Ever-young]

I actually disagree with you on that because aggressive investment is always not Adviseable because there is every possibility that you will get into trouble on the process, however when we talk about aggressive investment you are actually referring to investing all you have or majority of your capital on Bitcoin which is obviously not an investment advice, although we understand how potential and important investing on Bitcoin is but if you are not mindful you could end up on a tight corner.

This is true, you can’t invest aggressively and expect to end up holding for long term it’s only those who don’t have investment plan that always end up investing aggressively and when you are following some investment analysts which don’t give you clue on how to stay safe in the market then you are likely to regret your decision, one of those who end up saying bitcoin is scam are those who invest all they have expecting it to turn into something big in them next few months which investment don’t work that way, you need to invest what you can afford to live without for long period of time allow the market to do his thing why you focus on other areas of life in other for you to take that big profit.

[Promocodeudo]

Sometimes too much in strategy will make beginners confused in carrying out their investments. I believe beginners need a basic foundation to carry out their strategic planning better and achieve the targets they want. The big difference may be in terms of knowledge about Bitcoin, which means beginners may need an approach to see the big cycles that Bitcoin has gone through. Yes, basically beginners can start with the DCA Strategy if they are not able to think about the distribution of funds for several other strategy practices.

Even though investment success is triggered by individual self-confidence, in Bitcoin investment you must be able to know more about Bitcoin and why you are interested in buying and holding it. Sometimes people out there are still quite unfamiliar with Bitcoin and they don't understand enough and this is where an approach is needed for those who are really beginners in investing in Bitcoin.

In essence, we are in the modern era and Bitcoin has the advantage of being a very promising investment for old age. Apart from that, the price of Bitcoin is very fluctuating and use it cold money that is ready to lose. I mean you don't have to worry if the price drops very deeply because you really don't need the money you invest in Bitcoin for other purposes in your life.

Even though many large companies continue to buy Bitcoin, I think there are still many people who don't understand Bitcoin. Maybe because they miss out on information because they live in remote areas or have difficulty accessing the internet. Yes, for those of us who have bought on dips, keep the Bitcoin we have for the long term.

I think bitcoin information is a continuous process but the major one to start with is the basic knowledge and understanding of bitcoin, before a beginner invest in bitcoin he should know what he want and how to get it, there are many strategy for different investors it all depends on the category such investor falls into, there are newbies that has sufficient amount both for investment and emergency funds, I think this people should also know that bitcoin is not a short term investment so that their expectations won't be cut off.

Buy on dips should not always be the case, why not concentrate in buying when you are ready, must it be on dips, people should know that bitcoin is an asset no matter how dip it goes, it has never stop giving people hope of shifting to positive position, I think everytime is an opportunity in bitcoin that's why continues accumulation is the best irrespective of the price any day any time.

[Rustam Meraj]

I think bitcoin information is a continuous process but the major one to start with is the basic knowledge and understanding of bitcoin, before a beginner invest in bitcoin he should know what he want and how to get it, there are many strategy for different investors it all depends on the category such investor falls into, there are newbies that has sufficient amount both for investment and emergency funds, I think this people should also know that bitcoin is not a short term investment so that their expectations won't be cut off.

Buy on dips should not always be the case, why not concentrate in buying when you are ready, must it be on dips, people should know that bitcoin is an asset no matter how dip it goes, it has never stop giving people hope of shifting to positive position, I think everytime is an opportunity in bitcoin that's why continues accumulation is the best irrespective of the price any day any time.

It's really important for beginners to fully understand bitcoin before they start investing in it. They should know what they want to achieve and the strategies that go along with the type of investment they want to make. Also, it's important to know that bitcoin is not something you can make quick money from so it's better to have realistic expectations.
I agree that it's not always best to only buy bitcoin when the price is low. Instead it's important to be financially ready to buy whenever you can no matter what the market is doing.

[Moreno233]

I think bitcoin information is a continuous process but the major one to start with is the basic knowledge and understanding of bitcoin, before a beginner invest in bitcoin he should know what he want and how to get it, there are many strategy for different investors it all depends on the category such investor falls into, there are newbies that has sufficient amount both for investment and emergency funds, I think this people should also know that bitcoin is not a short term investment so that their expectations won't be cut off.

Buy on dips should not always be the case, why not concentrate in buying when you are ready, must it be on dips, people should know that bitcoin is an asset no matter how dip it goes, it has never stop giving people hope of shifting to positive position, I think everytime is an opportunity in bitcoin that's why continues accumulation is the best irrespective of the price any day any time.

It's really important for beginners to fully understand bitcoin before they start investing in it. They should know what they want to achieve and the strategies that go along with the type of investment they want to make. Also, it's important to know that bitcoin is not something you can make quick money from so it's better to have realistic expectations.
I agree that it's not always best to only buy bitcoin when the price is low. Instead it's important to be financially ready to buy whenever you can no matter what the market is doing.

I disagree with you and I have my reasons. Beginners do not need to know everything about Bitcoin to be able to invest and make progress in it. Bitcoin investing, especially the buy and hold that we are discussing here simply require beginners to know how to buy, where to buy, how to store and protect their Bitcoin and they are good to continue their Bitcoin investment. These are no complex knowledge but something anyone who can operate a mobile phone can easily do.

I want to use myself as example, my knowledge of Bitcoin is highly limited but I'm already taking my investment in Bitcoin seriously and making progress already. As I'm also investing, I'm learning in the process and based on recently developments, I have learnt about the mempool, transaction size, BTC acceleration and many things I never knew before. Assuming I waited to learn all these before starting, maybe I would have still be copying notes without taking actions. Now that I learnt these new things because of the high fees, my understanding is better because the knowledge was need-driven.

I will encourage every newbie to simply seek the basic knowledge first and start their investment according to their financial strength, the full knowledge will come as you progress.

[GbitG]

Bitcoin investment and hodling is for all both the knowledgeable, semi knowledgeable and those who are not very knowledgeable.

Bitcoin is for all, but not everyone is permitted to engage on doing what is nastic that might caused him the loss of assets when he's not sure of what he's doing, many of the people you discover today making complaints on loss of assets due to some reason were part of those found under this category, it is very simple, if you must use bitcoin, then learn to understand how.

Of course, I agree with you that Bitcoin is indeed one of the best things to invest in because it has the ability to return high profit margins. But here I agree with your opponion that some creation is necessary for investment. also every budy doesn't even have permission for this thing because he doesn't know what I am doing or what I need to get profit. So so i think that Such people should not be encouraged to invest in Bitcoin, but should emphasize on learning because Bitcoin is not a betting game that should leave you in the hands of luck. Although this is not the case, Bitcoin has a proper use case for which you will have to act within a complete strategy.


So it's meant to say that investment can give you profit with a little knowledge, but not so much that you don't know what to do or not. Rather, this knowledge is enough so that you don't lose your assets.

[Falconer]

-snip-

It's really important for beginners to fully understand bitcoin before they start investing in it. They should know what they want to achieve and the strategies that go along with the type of investment they want to make. Also, it's important to know that bitcoin is not something you can make quick money from so it's better to have realistic expectations.
I agree that it's not always best to only buy bitcoin when the price is low. Instead it's important to be financially ready to buy whenever you can no matter what the market is doing.

No need, I don't think it's mandatory. You don't have to be an expert and have a technical understanding of bitcoin to be able to invest in it, but you should understand how the market works and how bitcoin has value. What you need is how to buy, how to sell, a buying strategy and when to sell and how to manage your assets. The technical understanding you need is analysis, not something other technical like networking, development, mining, etc.

As time goes by, you can learn technical things that support your further knowledge about bitcoin. But you don't have to be an expert to invest, that's the point. Having a budget, establishing a plan, considering risks, managing assets, and self-control are important to get started, but don't complicate things unnecessarily.

[bestcoins1]

It's really important for beginners to fully understand bitcoin before they start investing in it. They should know what they want to achieve and the strategies that go along with the type of investment they want to make. Also, it's important to know that bitcoin is not something you can make quick money from so it's better to have realistic expectations.

The realistic expectation is to be able to understand Bitcoin thoroughly and not expect too much in a short time if they are still very beginners in Bitcoin. Because people who have believed in Bitcoin and have also gained a lot of profit and success through Bitcoin are people who have dedicated their time and capital into Bitcoin. And it certainly doesn't last long, so it's important for beginners not to think about getting rich quick when they invest in Bitcoin or when they start buying Bitcoin on their own terms.

I agree that it's not always best to only buy bitcoin when the price is low. Instead it's important to be financially ready to buy whenever you can no matter what the market is doing.

This seems a bit ambiguous because what I have done and seen so far is about strategies for taking advantage of falling price conditions. So buying at a low price is actually a good option, although not the only best option because it must also be supported by more mature financial preparedness. But you can also see that some people who have bought at the highest price with a certain strategy that they have applied also have to use more time to recover if they don't want to sustain losses from what they bought before.

[Patrol69]

Adopting the DCA method from pay to bitcoin is definitely an important strategy. In any case, it is better to deposit assets in Bitcoin using the DCA method, because this concept is certainly realistic to build in the future. Individuals who adopt the DCA strategy will surely succeed by adopting the best strategy for the present. If someone wants to achieve success in cryptocurrency, then he must accumulate Bitcoin assets.

Dollar Cost Averaging (DCA) Investing in this method not only requires a job salary but an investor can invest in this method by earning money in any way. Like if I do business without job and earn money from business but still I can invest in this way. There are many students who are doing tuition along with education and they earn money from tuition and invest that money.  

DCA investment method is a great opportunity for the investor because in this method the investor gets an opportunity to invest in any way and anytime very easily. A working man a businessman a student a day laborer can now invest in DCA system based on his income.

A day laborer whose daily income is $5 to $10, assuming his daily expenses are $4 to $5 and has about $5 left over each day. Out of these five dollars, two dollars may be needed by the person and the remaining three dollars may be invested by the person.
It's not like you have to be overeducated to invest or have a job to invest, no matter what profession you are in you just need some understanding of investing to invest. You can invest from any profession if you have some idea.

-snip-

It's really important for beginners to fully understand bitcoin before they start investing in it. They should know what they want to achieve and the strategies that go along with the type of investment they want to make. Also, it's important to know that bitcoin is not something you can make quick money from so it's better to have realistic expectations.
I agree that it's not always best to only buy bitcoin when the price is low. Instead it's important to be financially ready to buy whenever you can no matter what the market is doing.

No need, I don't think it's mandatory. You don't have to be an expert and have a technical understanding of bitcoin to be able to invest in it, but you should understand how the market works and how bitcoin has value. What you need is how to buy, how to sell, a buying strategy and when to sell and how to manage your assets. The technical understanding you need is analysis, not something other technical like networking, development, mining, etc.

I agree with you 100%, I don't need to have a high degree to invest in Bitcoin but just have a little understanding of how to invest and other things about investing. In the case of investment, it is not written anywhere that only educated people can invest, investment is perfect for those who have a basic understanding of investment. And what I think is that an investor does not need to have a self-sufficient idea about investing, if he starts investing with a little idea of investing, he will definitely learn more about investing as he invests. If the investor knows that he has to risk money, he has to invest at the right time and he has to be patient enough and he has to plan properly in holding his investment for a certain period of time. If the investor is aware of these things, then that investor is perfect for investment.  

Fear is a very bad thing for our investment because one who has fear in him will not have the courage to invest even if he knows about investment. We have to keep fear at bay and conquer fear all the time.

As time goes by, you can learn technical things that support your further knowledge about bitcoin. But you don't have to be an expert to invest, that's the point. Having a budget, establishing a plan, considering risks, managing assets, and self-control are important to get started, but don't complicate things unnecessarily.

Starting now will not be a big hurdle for an investor in investing. When there was no DCA investment strategy, investors were a bit late to start because at that time they were more focused on saving money. But since investors know about DCA strategy, now they start investing with the amount of money they have initially. It is now very easy for investors to start investing now, rather than saving money and investing at all, when they feel it right to immediately invest the amount of money they have in Bitcoin.  

For those who are new investors, I want to say that you have nothing to fear, if you think it is difficult before investing, then I will tell you to start investing and see how easy it is to invest. We will not make this simple thing difficult at all because if we make this simple thing difficult then it will be much more difficult for us to start investing.

[Justbillywitt]

I expect your first buy to be in lump sum or possibly an aggressive buy in order to have a reasonable amount of bitcoin in your portfolio. Once this is done and the newbie is not satisfied with the level of his portfolio, he should embrace the DCA with all his heart and follow it. There is nothing to be careful about with DCA, as this method was carefully designed to give everyone a soft landing.  

I actually disagree with you on that because aggressive investment is always not Adviseable because there is every possibility that you will get into trouble on the process, however when we talk about aggressive investment you are actually referring to investing all you have or majority of your capital on Bitcoin which is obviously not an investment advice, although we understand how potential and important investing on Bitcoin is but if you are not mindful you could end up on a tight corner.

I think you are missing something here, aggressive buying is not necessarily investing everything you have in bitcoin.
I think you have to actually understand what aggressive buy is. Aggressive buy comes in when newbie who is starting his bitcoin journey or an old investor wants to have a certain amount of bitcoin in his portfolio within a short period of time. This often happens when the investor thinks he is late in bitcoin investment and wants to meet up a certain amount of bitcoin in his portfolio. This aggressive buy is coming from his investment funds which has been kept aside.

Perhaps as a newbie who is just starting there Bitcoin journey I think the best way is not even to Lump Sum because he doesn't really no much about Bitcoin yet so the main focus should only to accumulate Bitcoin through DCA method because from there he will be free from some certain risk or missing out buying opportunities and also through the use of DCA he will now get acquainted with the ways of Bitcoin and from there he can now decide if he could utilize the Lump sum method and at the time continue with his normal DCA method.

A newbie who has a lump sum at the start of his bitcoin journey and decide to make his/her first buy a lump sum is not making a mistake for me. Many people have missed their chances of accumulating enough bitcoins when they had the opportunities because they were waiting to know more about bitcoin. Waiting is always dangerous in the end. When the money for the first investment is there take action immediately and buy as much bitcoin as the money can get you. In his or her subsequent buy he/she can make use of the DCA method. My emphasis is on the first buy, if an investor can do it through lump sum it's not bad.
After the the first buy which may have have given him/her a reasonable amount of bitcoin, the next buy can now be through DCA.

[Agbamoni]

Sometimes too much in strategy will make beginners confused in carrying out their investments. I believe beginners need a basic foundation to carry out their strategic planning better and achieve the targets they want. The big difference may be in terms of knowledge about Bitcoin, which means beginners may need an approach to see the big cycles that Bitcoin has gone through. Yes, basically beginners can start with the DCA Strategy if they are not able to think about the distribution of funds for several other strategy practices.

Even though investment success is triggered by individual self-confidence, in Bitcoin investment you must be able to know more about Bitcoin and why you are interested in buying and holding it. Sometimes people out there are still quite unfamiliar with Bitcoin and they don't understand enough and this is where an approach is needed for those who are really beginners in investing in Bitcoin.

In essence, we are in the modern era and Bitcoin has the advantage of being a very promising investment for old age. Apart from that, the price of Bitcoin is very fluctuating and use it cold money that is ready to lose. I mean you don't have to worry if the price drops very deeply because you really don't need the money you invest in Bitcoin for other purposes in your life.

Even though many large companies continue to buy Bitcoin, I think there are still many people who don't understand Bitcoin. Maybe because they miss out on information because they live in remote areas or have difficulty accessing the internet. Yes, for those of us who have bought on dips, keep the Bitcoin we have for the long term.

I think bitcoin information is a continuous process but the major one to start with is the basic knowledge and understanding of bitcoin, before a beginner invest in bitcoin he should know what he want and how to get it, there are many strategy for different investors it all depends on the category such investor falls into, there are newbies that has sufficient amount both for investment and emergency funds, I think this people should also know that bitcoin is not a short term investment so that their expectations won't be cut off.

Buy on dips should not always be the case, why not concentrate in buying when you are ready, must it be on dips, people should know that bitcoin is an asset no matter how dip it goes, it has never stop giving people hope of shifting to positive position, I think everytime is an opportunity in bitcoin that's why continues accumulation is the best irrespective of the price any day any time.

Promo- are you not aware that there are investors who invest in bitcoin but do not know so much about bitcoin investment like strategy to start with or thinking about their investment. In as much as bitcoin knowledge is important not everyone is expected to go deeper in the knowledge. As a beginner who had just heard about bitcoin investment or introduced newly to. You only need to know to read the bitcoin white paper first, followed by  knowing how to keep your bitcoin safe (security). After that you can learn other aspects with time.

The criteria for a pleb should be knowing how to protect thier little bitcoin from hacks, market condition- like piece fluctuation which can be dome by avoiding the act of trading. Although many beginners are influenced by people who they see as mentors in the space. So they try to take similar risk those big investors do take. forgetting that they are  new to the bitcoin investment and that the amount of bitcoin they have cannot be compared to what these mentors claim they have.

[Rabata]

Adopting the DCA method from pay to bitcoin is definitely an important strategy. In any case, it is better to deposit assets in Bitcoin using the DCA method, because this concept is certainly realistic to build in the future. Individuals who adopt the DCA strategy will surely succeed by adopting the best strategy for the present. If someone wants to achieve success in cryptocurrency, then he must accumulate Bitcoin assets.

Dollar Cost Averaging (DCA) Investing in this method not only requires a job salary but an investor can invest in this method by earning money in any way. Like if I do business without job and earn money from business but still I can invest in this way. There are many students who are doing tuition along with education and they earn money from tuition and invest that money.  

DCA investment method is a great opportunity for the investor because in this method the investor gets an opportunity to invest in any way and anytime very easily. A working man a businessman a student a day laborer can now invest in DCA system based on his income.

All I can say to summarise your point is that any amount of earner  person can do DCA. Mostly It is suitable for those who can save money after full month's expenses. I agree that those who follow DCA and try to hold Bitcoin can get a good return on their investment in the long run. But there are some investors who are looking for an opportunity to change their lives by investing in Bitcoin, I would advise them that if you can invest 20 to 30 percent of your income regularly, it will surely grow big in 2-3 years. Don't just do DCA but invest there according to your expectation. But for people of any income, this method can make it easier to collect bitcoins.

[Nanga Parbat]

investment can give you profit with a little knowledge, but not so much that you don't know what to do or not. Rather, this knowledge is enough so that you don't lose your assets.

Yes you are right Investing can be profitable, but you must not invest so much in your business that you lose control of it. 
With the right information and understanding, you can save your financial status.  Care should always be taken to understand the objective and risks involved in the investment to avoid losses.

[Ruttoshi]

I expect your first buy to be in lump sum or possibly an aggressive buy in order to have a reasonable amount of bitcoin in your portfolio. Once this is done and the newbie is not satisfied with the level of his portfolio, he should embrace the DCA with all his heart and follow it. There is nothing to be careful about with DCA, as this method was carefully designed to give everyone a soft landing. 

I actually disagree with you on that because aggressive investment is always not Adviseable because there is every possibility that you will get into trouble on the process, however when we talk about aggressive investment you are actually referring to investing all you have or majority of your capital on Bitcoin which is obviously not an investment advice, although we understand how potential and important investing on Bitcoin is but if you are not mindful you could end up on a tight corner.

Perhaps as a newbie who is just starting there Bitcoin journey I think the best way is not even to Lump Sum because he doesn't really no much about Bitcoin yet so the main focus should only to accumulate Bitcoin through DCA method because from there he will be free from some certain risk or missing out buying opportunities and also through the use of DCA he will now get acquainted with the ways of Bitcoin and from there he can now decide if he could utilize the Lump sum method and at the time continue with his normal DCA method.

It doesn't matter if a newbie lump sum to take advantage of buying more bitcoin since he feels that he started his bitcoin journey late. As far as the newbie understands what he is doing and have already have faith and believe in bitcoin and plans to invest in a long term investment. If he has already prepared himself ahead of his bitcoin accumulation journey by keeping his emergency funds and reserve funds, and also money funds that will take care of his monthly needs.

It is always said to start as a newbie with DCA strategy, so that those who don't have much to invest would not be waiting to save a big amount of money first before they can think of investing. But if they start with DCA, it will give them the room to continue accumulating bitcoin regularly weekly or monthly based on how much they can afford to use in buying that wouldn't affect their other expenses, so that they can grow their bitcoin portfolio bit by bit when they are consistent and persistent with their DCA strategy, till when they have strong faith and believe in bitcoin after maybe one or two years of investment, he can increase the amount or when he have the money to lump sum, then he can do that.

What about the rich guys that do not care about buying bit by bit for a start because they have the money to lump sum, will you now say that they did the wrong thing. No...a newbie can lump sum or buy aggressively as long as it wouldn't affect his financial life, that will make him go and sell his bitcoin. I started my bitcoin journey with a lump sum that I got from the rent that my tenant paid me, and after I lump sum, I continued with my regular weekly buying using DCA method.

As long as a newbie can lump sum, and continue with his regular DCA purchase, it is not a problem and he will have a better chance of having more bitcoin than someone that started with only DCA. We know how our cash inflow is and everyone has the right to invest based on his cash inflow, and it is not a must that newbies should only use the DCA strategy, when they have to money to lump sum and continue with their DCA. The most important thing is that you keep on buying without stopping as a newbie to increase your bitcoin investment portfolio.

[BITCOIN4X]

~Snip

I agree that it is good to learn those various areas, yet at the same time they can be learned as you go rather than prior to getting started.  Anyone can get started investing into bitcoin with bare minimum knowledge, and they can invest $10 per week while they figure out more specifics, including honing in on their own budget and financial management.  

Now off the top of their head, even if they are not very good at finances, most people have ballpark ideas about whether they can afford $10 per week or not.  Now they might not know how to manage their budget, and they might have a lot of debt and they might be having emergencies every month or maybe several times a year because they are not sufficiently spending lower than their income and/or keeping track of their cashflow versus expenses.. .but these are things that people can improve, even while starting to invest into bitcoin.

Now if they are not exactly clear about the level of their disposable income, they may need to get  more specific ideas prior to starting to invest more aggressively into bitcoin, such as increasing their investment to $100 per week or performing a lump sum investment of $5k... so the more aggressive that they choose to be, then the more they are going to need to know, and also if they build up their investment amount, then the more that they have invested, the more they could end up getting tempted to cash out at the wrong times or to engage in gambling behaviors rather than investing behaviors.. so most people can learn those kinds of things as they go, even though sometimes they are their worse enemy by doing before knowing.. so if the amounts are small enough, then it might not make a BIG difference, so that would mean that they have their risk management under control by not investing very much, but they may fail to realize their potential because they are not being as aggressive as they could be, including likely needs to pay attention to their whole cashflow situation and to make sure that they are spending reasonably within their discretionary income while maintaining some kind of an emergency fund, float and reserves. which becomes even more important as the investment into bitcoin grows. including accounting for the price changes that bitcoin can go through during the period in which someone is starting to invest into it.

JayJuanGee, yes, I agree they can learn with time. Some investors have done it and they have really succeeded in developing their investment skills even to the expert level. It all starts with interest, they can develop strategies and abilities over time, and I admit that. Thinking too hard before starting allows someone to get scared and abandon their intention because they feel they are not ready to take the risk, but starting from something small for example $10 per week or $40 per month can make them more courageous in their steps forward.

The hardest thing here is to control emotions and psychology. There are many external influences that can make an investor change his plans midstream, including friends or family. Sometimes that is the reason why we don't need to tell our friends and family about investment plans, they can influence us not to take big risks regardless of their support for the final decision. Starting small and going big is much better than the other way around.

[teamsherry]

I actually disagree with you on that because aggressive investment is always not Adviseable because there is every possibility that you will get into trouble on the process, however when we talk about aggressive investment you are actually referring to investing all you have or majority of your capital on Bitcoin which is obviously not an investment advice, although we understand how potential and important investing on Bitcoin is but if you are not mindful you could end up on a tight corner.

This is true, you can’t invest aggressively and expect to end up holding for long term it’s only those who don’t have investment plan that always end up investing aggressively and when you are following some investment analysts which don’t give you clue on how to stay safe in the market then you are likely to regret your decision, one of those who end up saying bitcoin is scam are those who invest all they have expecting it to turn into something big in them next few months which investment don’t work that way, you need to invest what you can afford to live without for long period of time allow the market to do his thing why you focus on other areas of life in other for you to take that big profit.

IMO there is nothing really wrong with an aggressive investment, as long as the investor knows what he is doing, and by knk what he is doing I mean, a place of investing aggressively with comfort knowing that your emergency funds, reserves and floats are also been taken care of.

When an aggressive investment would be unwise is when you are investing too much that could affect t you and later cause you feel regret, maybe investing to the point that you have no extra for yourself to take care of basic needs and maybe you now have to borrow at this point I'll say that the investor is gambling with his money cause he would always be in a state of unrest and might even find himself selling his holdings.

But it's also good we have our income planned out and we invest with wisdom, not investing to much or too little but investing according to the risk we are able to bear, cause if things go side ways you would still be the one to take care of yourself, we only give advice here, it's left for you to make the choice.

[Troytech]

Sometimes too much in strategy will make beginners confused in carrying out their investments. I believe beginners need a basic foundation to carry out their strategic planning better and achieve the targets they want. The big difference may be in terms of knowledge about Bitcoin, which means beginners may need an approach to see the big cycles that Bitcoin has gone through. Yes, basically beginners can start with the DCA Strategy if they are not able to think about the distribution of funds for several other strategy practices.

Even though investment success is triggered by individual self-confidence, in Bitcoin investment you must be able to know more about Bitcoin and why you are interested in buying and holding it. Sometimes people out there are still quite unfamiliar with Bitcoin and they don't understand enough and this is where an approach is needed for those who are really beginners in investing in Bitcoin.

In essence, we are in the modern era and Bitcoin has the advantage of being a very promising investment for old age. Apart from that, the price of Bitcoin is very fluctuating and use it cold money that is ready to lose. I mean you don't have to worry if the price drops very deeply because you really don't need the money you invest in Bitcoin for other purposes in your life.

Even though many large companies continue to buy Bitcoin, I think there are still many people who don't understand Bitcoin. Maybe because they miss out on information because they live in remote areas or have difficulty accessing the internet. Yes, for those of us who have bought on dips, keep the Bitcoin we have for the long term.

You are correct when you say that having too many methods might really confuse beginners when it comes to making investments. They may try to overallocate without proper preparation, attempting to apply every strategy, or they may even become bogged down in deciding which is the best for them. Because of this, it's recommended that beginners begin with the DCA method. This is not only because it's simple to use, but also because it allows us to gain more knowledge quickly because it doesn't require chart monitoring and is very flexible, allowing you to customize your DCA purchases to suit your needs and your income for our own comfort.

In order to make better decisions, young investors should also prioritize learning and seeking out new information. While it may not always be clear to us why we are investing in bitcoin until we reach a particular point or perhaps even earlier, I am aware that knowing why we are doing so is a great motivator and will keep you motivated to keep holding since the time has come.

Even though it's still in its early stages, Bitcoin still has a lot of potential because nobody can predict what the next few years will bring. However, in order to be safe, once we have a certain amount of bitcoin holdings, we should try to diversify our portfolio by adding other more tangible investments, such as real estate, stocks, or bonds, or even starting a business. We would also try to balance our portfolio to avoid risking our income.

[edy_58]

investment can give you profit with a little knowledge, but not so much that you don't know what to do or not. Rather, this knowledge is enough so that you don't lose your assets.

Yes you are right Investing can be profitable, but you must not invest so much in your business that you lose control of it. 
With the right information and understanding, you can save your financial status.  Care should always be taken to understand the objective and risks involved in the investment to avoid losses.

When someone decides to invest, of course they want to get a profit from the investment they make and if we choose too many types of investment then this will bring in a lot of profits too, but we have to be able to manage it well and if we are not able to do it well it will be worse. It's good for us to choose a type of investment that we understand well so that we can generate good profits.

If we have a proper understanding of the investments we make then this will really guarantee the investments we make and also we will be able to resolve any challenges we will face in these investments and it is also important for us to be careful in making investment decisions so that do it in an unhurried condition so that we can make the right decision.

[JayJuanGee]

As a newbie, it is good to adopt the DCA strategy when accumulating bitcoin. Even though you are a low-salary earner, you can still accumulate bitcoin with the DCA strategy because you will set a day when you will be investing a small amount of your fund in bitcoin when you receive your salary, and you can be buying bitcoin monthly so that it will allow you to take care of your financial needs since you are a low-income earner. The DCA strategy will make you consistent in accumulating bitcoin because you will set a plan for accumulating bitcoin anytime you receive your monthly salary.

Dollar Cost Averaging Method (DCA) is the easiest and recommended strategy for new investors because investing in Dollar Cost Averaging method is a systematic investment strategy. I think these days not only newbies are adopting this method but also many experienced investors and methods especially those who don't have huge amount of money.

The prices of different coins in the cryptocurrency market often deceive newbies with volatility, but newbies can reduce all that risk by investing in the dollar cost averaging method. Here are some steps that beginners should follow to invest in Dollar Cost Averaging method:

Beginners should buy regardless of market conditions. Dollar cost averaging method of investing in any coin or bitcoin requires beginners to buy a small amount of bitcoins every few days or weeks or months. Beginners should properly analyze the market based on their long-term value potential and then buy coin.

It seems that newbies should be more careful about DCA than experienced ones. Because the more knowledgeable the newcomers are in this sector, they will be able to innovate new ideas that will bring more benefit to all.
Some ideas in my mind like:
Education,Set clear goals,Start with the basics,Create a budget,Open an investment account,Diversify your portfolio,Stay informed,Seek professional advice from senior,Monitor and adjust and invest for the long term.

Newbies should embrace the DCA method as if their  life depends on it. It should be their watch word, they shouldn't deviate from it. When you say they should be careful with DCA I don't really understand what you are driving at. As a newbie who is making your first investment in bitcoin, I expect your first buy to be in lump sum or possibly an aggressive buy in order to have a reasonable amount of bitcoin in your portfolio. Once this is done and the newbie is not satisfied with the level of his portfolio, he should embrace the DCA with all his heart and follow it. There is nothing to be careful about with DCA, as this method was carefully designed to give everyone a soft landing.  Also as a newbie you have no business with portfolio diversification, your primary target should be bitcoin. Don't go any any shit coins in the name of diversification and get yourself hurt at the end of the day. I won't deny that there are room for diversification, but this can only come in when you have spent a reasonable amount of years in your crypto journey and have better understanding of the market, but as a newbie this is not for you.

Also smelody made a bit of a placated and non-substantive recommendation to seek professional advice.. which is really stupid, because for years and years and years "professionals" have been on the wrong side of bitcoin, and also they likely would want to direct you into a financial products such as an ETF without necessarily considering the advantages of BTC's direct ownership... and don't get me wrong, I am not against learning from others who are smarter, yet sometimes they are not smarter when they either do not adequately know the subject matter and they might have some built in biases that the newbie is unable to easily identify, unless he has his own strength of convictions and abilities to engage in critical thinking. .and even critical thinkers can sometimes get lured into the wrong professional advice - so each of us should ongoingly be attempting to check our own blind spots and our sometimes receptiveness to not so great ideas.

another thing that smelody might not have had sufficiently emphasized is the value of experience and getting started in BTC investing/accumulation ASAP... and so even if we might not be comfortable with our level of knowledge about BTC, then we may well have to start out with a relatively small position size while we are learning and figuring out the details, and surely DCA can serve greatly in the getting started arena..

We should also keep in mind that even with DCA we might end up buying too aggressively, so we have to figure out what is our disposable income and make sure that we are sufficiently staying within our disposable income and not stressing out our own budget too much in terms of how aggressive we are in the beginning times.

No one learns anything from the mother's womb. Circumstances and personal ambitions make him interested in the outside world. No one comes into a profession fully learned, one has to gradually acquire skills. One thing needs to be mentioned here if anyone can buy a fish from the market then understand when will gone and which better.
In exactly the same way how to buying and how to holding about cripto currancy there need not have no special knowledge.Only you have to know which board and what do you have to do. you have to know also how to secured his own wallet.

We are not talking about cryptocurrencies and/or shitcoins here. So hopefully you know that we are talking about bitcoin, so maybe you would like to use the correct term if that is what you meant to say.. otherwise some of us might consider you to be lost or in the wrong thread or talking about some other topic... so if you meant to say bitcoin then why didn't you use such term?  Perhaps you don't know what is bitcoin, or maybe you were trying to sound smart by suggesting that crypto is the same as bitcoin, which shows that you probably don't know what you are talking about if you cannot even bring yourself to use the word bitcoin in order to show that you recognize and appreciate that we are talking about bitcoin in this thread.

Also when getting started, a person does not need to know how to secure his own wallet.  There is no reason to overly complicate matters, even though learning about wallets is something that a person does need to work towards knowing about, especially once he starts to get value in the $500 to $1,000 or more stage, and if he might be investing smaller amounts, he still might need to learn about wallets early in his bitcoin journey but he does not necessarily need to know about bitcoin wallets before he gets started.

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.........The hardest thing here is to control emotions and psychology. There are many external influences that can make an investor change his plans midstream, including friends or family. Sometimes that is the reason why we don't need to tell our friends and family about investment plans, they can influence us not to take big risks regardless of their support for the final decision. Starting small and going big is much better than the other way around.

Yes.. that is an interesting point in regards to many reasons that we might not tell friends and family about some things that we are still investigating and/or in the earlier stages of building our knowledge, and surely it may well depend upon how much we might rely upon friends and family in our own investigation process versus if we might consider that they might not necessarily be helpful in terms of our coming up with a plan that is sufficiently well tailored to our own circumstances, that also might have to do with some personal matters (and balances) that they might not be able to help us in resolving. 

So, yeah, if we are in the earliest stages of figuring out our own position regarding the 9 factors, friends and family may or may not be helpful - depending on our own relationship with them in these kinds of somewhat tending to be personal and/or investigatory matters.

I am not completely opposed to the idea of starting out small and going BIG because it is likely that folks might start out too BIG, so how BIG is a matter of balance that might not be easy for anyone except for that person to figure out how BIG is too BIG.. or how small is too small.  For example, someone could already know that he has $6.6k that he could invest into bitcoin, which is $4k right now and $2,600 over the next 26 weeks  ($100 per week).. so then he might have some questions regarding how much to start with... and/or how much he might need to learn before really getting started. 

He could feel that he has enough information to choose to invest $1k right away and $20 per week, and then to reassess after a month of investigation, and so there can be variations regarding how to start and what kind of timeline he feels that he needs to investigate in the earliest days.. and even in the process of investigating so that he could start to invest the $1k lump sum and the $20 per week.  There could be situations in which it might take him a few weeks just to figure out his budget or maybe he might need to take one or two weeks just to figure out how to source his first BTC.. or maybe there is some kind of fundamental aspect of bitcoin that confuses him, and he feels that he has to study and to resolve that fundamental questions prior to starting.. and so maybe he has a 1-2 week timeline for that.. .and so there could be quite a few variations that might contribute towards NOT buying right at the earliest moment, even though frequently buying some might be something that is towards the more urgent of matters rather than overly complicating how much he believes that he needs to study before getting started.

Even though it's still in its early stages, Bitcoin still has a lot of potential because nobody can predict what the next few years will bring. However, in order to be safe, once we have a certain amount of bitcoin holdings, we should try to diversify our portfolio by adding other more tangible investments, such as real estate, stocks, or bonds, or even starting a business. We would also try to balance our portfolio to avoid risking our income.

The BIG question is how much bitcoin do you need to have before you start to feel that you might need to have some other assets besides merely having BTC and cash.  So if you are in fairly early BTC accumulation stages then you are not even close to having to consider those kinds of diversification questions.. beyond bitcoin and cash.. and so how are you holding your bitcoin and how are you holding your cash. .those are likely more important questions, and then if you start to get to having 1 year of expenses in bitcoin and 6 months in cash, there might come a point in which you might start to think that you need something else in your holdings, but there also might not be any need to rush the matter, and then when you start to get to 2 to 5 years of bitcoin and still ONLY 6-12 months of cash, at various points along the way, you might start to think that you might need more cash or other ways of holding value besides just in bitcoin and in cash.especially if you are already experiencing quite a few very volatile periods... and the other ways holding value might be like the ones that you mentioned..