Buy the DIP, and HODL!

[I_Anime]

to invest in bitcoin can be achieve very faster, but you have to know the rules and conditions that governors the rules, waking up one or one night to invest in bitcoin good decisions, but as someone who wants to prosper in bitcoin investment you have to acquire the knowledge first, because its knowledge that matters most for bitcoin investment, when someone that have wisdom or knowledge is accumulating bitcoin is different from someone who don't know when to accumulate bitcoin is accumulating bitcoin, so try to get the knowledge first

Having a good knowledge when it comes to Bitcoin accumulation is actually good and nice . But  not accumulating due to the urge acquiring more knowledge is not actually nice , for instance most of us started our Bitcoin accumulating and holding while learning, and the funny thing is that we are still learning. So what am saying is that we don't have to wait till we have gotten some deep knowledge about Bitcoin before thinking of investing and all that. But one can just start accumulating without having the knowledge on how Bitcoin work and what's all about , and how to purchase and secure it , that's where having the basic knowledge first comes In .

And I believe that they are alot of folks here with that same mindset of wanting to gather some deep knowledge about Bitcoin before starting their Bitcoin investment journey, and most of them will only endup regretting not starting their accummulation and holding on time , Because the right thing to do is as one is accumulating more Bitcoin, as same time he or she should focus on learning too.

Waiting is not an investment strategy... whether your starting goal (ideas) is 1 bitcoin or some other amount...
Hmm, I get the point now.

Even without any knowledge, one can still start investing in Bitcoin and in the process of investing one can learn.

Edited out

Are you aware that anything that has to do with bitcoin investment you need to absolutely precaution to comprehend the effect after investing and before investment, someone who has not know the protocols of bitcoin can not quick to invest when it has not know the preamble of bitcoin investment, at least you observe the situation or the condition of the market before investment, so therefore learning and observation is one of the major thing someone who is new in cryptocurrency

The question every beginner must ask themselves if they really want observe before investing is I'm I in for the long-term or short term investment.... I wouldn't say more than that to avoid repetition

Long-term holding just the best , most time see those that are in for short-term profits as traders or  as someone that's gambling with his funds. So no need for one to stress or her self analysing the market instead just accumulate while holding and when gotten to a nice number, scrape out some profits.

[Smilevictorobinna]

Waiting is not an investment strategy... whether your starting goal (ideas) is 1 bitcoin or some other amount...
Hmm, I get the point now.

Even without any knowledge, one can still start investing in Bitcoin and in the process of investing one can learn.

Exactly  now you get the point.... it will be very stupid to wait and learn when the price of What you're learning keeps appreciating day by day.
Once you're determined  then the investment should started ASAP without any further delay and the best strategy beginners could use without even knowing anything about bitcoin  is the DCA strategy , its  simple and straightforward ...
Besides, learning to me is a continuous  process which might even take forever so waiting  to learn before investing when you think you know it all ( that person must be a clown) is so dumb, although as a beginner  you need to know some basics like choosing a wallet and keeping it keys safe( that can be learnt in just a day), he/she will be holding  there's  no need for getting too much In learning about the technicals as a beginner although understanding how transaction works while you invest could be a great idea so you won't get your self stucked up with alot of inputs on the long run, focusing  on your DCA strategy will be the greatest advice for beginners  too even when they already learn other strategies, a time will come when there will be a need for other strategies which is definitely not at the beginning of ones investment  .

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.

The most basic things that beginners (newbies) need to know is about their own personal finances and not about bitcoin.

So the main thing that they need to know is whether or not they have a discretionary income and a kind of ballpark idea of what it might be, and surely they might have really shitty financial circumstances, which would mean that they need to invest less rather than more while they are sorting out their particulars.

There may be some need to figure out information regarding from where to source the first bitcoin purchases, yet in the very beginning there may well be absolutely no need to figure out how to achieve self-custody, even though self-custody may well be some kind of goal to get to that point in a fairly soon period of time after starting to invest into bitcoin (yeah, without self-custody it is price exposure and not ownership of actual bitcoin, yet knowledge of self-custody is not a prerequisite in terms of getting into bitcoin). 

What about those people that has full understanding about there finance and also has a discretionary income. the knowledge of Bitcoin is different from that of finance, you can be a beginner (newbie) but have all knowledge about financial management.
So if such person's are going into Bitcoin investment all they need to know is how to invest and how Bitcoin works.
I agree with you and I believe having knowledge of self custody is very important and yet knowledge of self-custody is not a prerequisite in terms of getting into bitcoin you are very correct.

A lot of people has good knowledge of financial strength and management and also good knowledge in Bitcoin and all they need is a good strategy on how to start and I believe too much in strategy will make beginners confused in carrying out their investment except they are very much articulate.

[Tmoonz]

Waiting is not an investment strategy... whether your starting goal (ideas) is 1 bitcoin or some other amount...
Hmm, I get the point now.

Even without any knowledge, one can still start investing in Bitcoin and in the process of investing one can learn.

Exactly  now you get the point.... it will be very stupid to wait and learn when the price of What you're learning keeps appreciating day by day.
Once you're determined  then the investment should started ASAP without any further delay and the best strategy beginners could use without even knowing anything about bitcoin  is the DCA strategy , its  simple and straightforward ...
Besides, learning to me is a continuous  process which might even take forever so waiting  to learn before investing when you think you know it all .

Are you aware that anything that has to do with bitcoin investment you need to absolutely precaution to comprehend the effect after investing and before investment, someone who has not know the protocols of bitcoin can not quick to invest when it has not know the preamble of bitcoin investment, at least you observe the situation or the condition of the market before investment, so therefore learning and observation is one of the major thing someone who is new in cryptocurrency and also in bitcoin have to do, do not dispute a fact that bitcoin price is accelerating everyday and that will deprived someone who is new into the system not to gather more knowledge of bitcoin before investment, I think that fact is not acknowledge-able from my perspective.

I can see that you want to make me look like the bad one here so that you will be the good one. My suggestion was clearly for @rachael9385 because she said that people don't need any knowledge before they can start investing in bitcoin. Can someone who doesn't know anything about bitcoin start investing in it? The three months I mentioned for the reserve funds are the minimum months our reserve funds should serve us. You can keep reserve funds that will serve you for more than that if you are financially stable. I also want you to know that there's always room to rebuild your reserve funds so that it helps you accumulate the quantity of bitcoin you want and hold it until the expected year you want to sell your bitcoin

Well the thing is that , is not like they don't require any knowledge before  investing in Bitcoin. But having the basic knowledge of bitcoin one is good to go into investing in bitcoin without having any technical knowledge . All they just need is to have some good cashflow and some nice basic knowledge on how Bitcoin work. Just as time wait for no one that how the price movement wait for no one so if one decide to gather some deep knowledge and technical knowledge on how bitcoin before going into it , such individual will only endup missing out big time.

That's why is better to start accumulating, and as time goes on one can decide to focus on gaining more knowledge while he or she are  accumulating and holding . With such act the chances of them building a nice stash , is pretty high.

to invest in bitcoin can be achieve very faster, but you have to know the rules and conditions that governors the rules, waking up one or one night to invest in bitcoin good decisions, but as someone who wants to prosper in bitcoin investment you have to acquire the knowledge first, because its knowledge that matters most for bitcoin investment, when someone that have wisdom or knowledge is accumulating bitcoin is different from someone who don't know when to accumulate bitcoin is accumulating bitcoin, so try to get the knowledge first.

Investing in Bitcoin has gone beyond answering the question when to invest or accumulate, the logic has been that invest when the money is readily available, any time you accumulate is good if the intention is to hold, with dca strategy you will have no business considering when to accumulate as you will be making purchases on regular intervals irrespective of the price point either weekly or monthly, you don't need much of this wisdom or knowledge to accumulate Bitcoin, figure out the level of your disposable and get the fucking started.

What about those people that has full understanding about there finance and also has a discretionary income. the knowledge of Bitcoin is different from that of finance, you can be a beginner (newbie) but have all knowledge about financial management.
So if such person's are going into Bitcoin investment all they need to know is how to invest and how Bitcoin works.
I agree with you and I believe having knowledge of self custody is very important and yet knowledge of self-custody is not a prerequisite in terms of getting into bitcoin you are very correct.

A lot of people has good knowledge of financial strength and management and also good knowledge in Bitcoin and all they need is a good strategy on how to start and I believe too much in strategy will make beginners confused in carrying out their investment except they are very much articulate.

The choice of strategy or strategies is a sole decision of an investor and he or she must tailor it down to suits him or her in terms of financial situation, risky tolerance level, investment goals and objectives inclusive.

[bhadz]

What about those people that has full understanding about there finance and also has a discretionary income. the knowledge of Bitcoin is different from that of finance, you can be a beginner (newbie) but have all knowledge about financial management.
So if such person's are going into Bitcoin investment all they need to know is how to invest and how Bitcoin works.
I agree with you and I believe having knowledge of self custody is very important and yet knowledge of self-custody is not a prerequisite in terms of getting into bitcoin you are very correct.

While I agree to you in most of what you've said but learning how to invest in Bitcoin isn't just all about how to invest and how Bitcoin works. There's so much they need to learn but I don't want to complicate it because they'd come by to that once they're already in. Like how to protect themselves from potential scams and phishing, so knowing the volatility of Bitcoin which is included on how BTC works but all of those will be learned by the newbies once they have allotted money on BTC already.

A lot of people has good knowledge of financial strength and management and also good knowledge in Bitcoin and all they need is a good strategy on how to start and I believe too much in strategy will make beginners confused in carrying out their investment except they are very much articulate.

IMHO, there is no need for so much strategy before someone invests in BTC. Having the basic and common knowledge is enough to start but even if they have a background in finance, BTC is totally different from what they used to see but that's a good start if they have it because they're already well versed with taking risk.

[avp2306]

What about those people that has full understanding about there finance and also has a discretionary income. the knowledge of Bitcoin is different from that of finance, you can be a beginner (newbie) but have all knowledge about financial management.
So if such person's are going into Bitcoin investment all they need to know is how to invest and how Bitcoin works.
I agree with you and I believe having knowledge of self custody is very important and yet knowledge of self-custody is not a prerequisite in terms of getting into bitcoin you are very correct.

While I agree to you in most of what you've said but learning how to invest in Bitcoin isn't just all about how to invest and how Bitcoin works. There's so much they need to learn but I don't want to complicate it because they'd come by to that once they're already in. Like how to protect themselves from potential scams and phishing, so knowing the volatility of Bitcoin which is included on how BTC works but all of those will be learned by the newbies once they have allotted money on BTC already.

Well that only imply if you try to invest on short term since you really need to consider those risk and learn from it. But erase those thoughts regarding on those phising and scams since we are not talking about that matter here. What's best to discuss is on how those newbies can make their investment plan to succeed especially on the methods they should use since there's really a lot of information to learn here.

What those people need to know that short term investment bring more higher risk to them than investing on bitcoin for long term that's why they should focus on things that can actually give them high chance to earn. And in process they should consider to learn certain flaws that can affect their investment decision so that they could earn success and they will not get easily bother by anything that might happen in future. Its interesting to see that now there's a lot of people is engaging with this hodl discussions since we can learn a lot of knowledge coming from multiple source that can help us became more better investor.

[Btcdeybodi]

Investing in Bitcoin has gone beyond answering the question when to invest or accumulate, the logic has been that invest when the money is readily available, any time you accumulate is good if the intention is to hold, with dca strategy you will have no business considering when to accumulate as you will be making purchases on regular intervals irrespective of the price point either weekly or monthly, you don't need much of this wisdom or knowledge to accumulate Bitcoin, figure out the level of your disposable and get the fucking started.

Most beginners do feel that it is already late to invest in Bitcoin now since the price has gotten so huge but most of the things that causes fear in these set of people is just lack of understanding to know how the market works and they make too much assumptions all the time without making research to be able to know the right strategy to follow for them to become successful like others that have hodl for a long time now, you can't just be making exaggeration without making plans on how to start your investment.
                  Bitcoin is a digital asset that has gone above mere speculation so why making speculations, mapping out plans on how to go about your investment will help you to project your investment to a good extent. Unfortunately, some beginners have not even been able to understand that even if Bitcoin decreases that the amount of Bitcoin the bought will remain the same as it is but as the price increases the value also also increases. It is always difficult to start up an investment but as soon as you are able to conquer fear and anxiety and make a solid step to invest and as you have invested and be applying different strategies at every point of your investment in Bitcoin that is how your understanding expands more on how your investments can appreciate as time goes on.

[JayJuanGee]

[edited out]

What about those people that has full understanding about there finance and also has a discretionary income. the knowledge of Bitcoin is different from that of finance, you can be a beginner (newbie) but have all knowledge about financial management.
So if such person's are going into Bitcoin investment all they need to know is how to invest and how Bitcoin works.
I agree with you and I believe having knowledge of self custody is very important and yet knowledge of self-custody is not a prerequisite in terms of getting into bitcoin you are very correct.

A lot of people has good knowledge of financial strength and management and also good knowledge in Bitcoin and all they need is a good strategy on how to start and I believe too much in strategy will make beginners confused in carrying out their investment except they are very much articulate.

I think that frequently my main points have been that the more that you know the more aggressive you can be in your bitcoin accumulation, yet in the end, each person has to figure out the finer details for themselves in terms of how aggressive that they might want to be and how to employ the various BTC accumulation strategies (of DCA, lump sum and/or buying on dip), and they also should be figuring out their investment timeline, and other various personal factors, but the mere fact that they still have things that they are figuring out should not stop them from getting started, but they might still have to tailor the level of their aggressiveness in accordance with how solid they feel in regards to each of their 9 factors and/or any other considerations that they might feel that they need to take into account.

[GeorgeJohn]

Having a good knowledge when it comes to Bitcoin accumulation is actually good and nice . But  not accumulating due to the urge acquiring more knowledge is not actually nice , for instance most of us started our Bitcoin accumulating and holding while learning, and the funny thing is that we are still learning. So what am saying is that we don't have to wait till we have gotten some deep knowledge about Bitcoin before thinking of investing and all that. But one can just start accumulating without having the knowledge on how Bitcoin work and what's all about , and how to purchase and secure it , that's where having the basic knowledge first comes In .

And I believe that they are alot of folks here with that same mindset of wanting to gather some deep knowledge about Bitcoin before starting their Bitcoin investment journey, and most of them will only endup regretting not starting their accummulation and holding on time , Because the right thing to do is as one is accumulating more Bitcoin, as same time he or she should focus on learning too.

Things you don't need to overlook before going to bitcoin investment is have acquired the knowledge first, when you are curious to accumulate bitcoin, theirs is possibilities that after accumulating your bitcoin the price might neither crash or not, that is while you need to have standard knowledge of bitcoin before you think of accumulating of bitcoin, some persons seems how skyrocket the price of bitcoin is moving now and that prompt them to think that investing in Bitcoin is the right option...bitcoin investment is not the way someone can get rich and when you are investing In Bitcoin you have to calm down and study well, many people come up with bad idea in bitcoin due lost they experience after been lose in bitcoin investment neither short-term or long-term investment.

The question every beginner must ask themselves if they really want observe before investing is I'm I in for the long-term or short term investment.... I wouldn't say more than that to avoid repetition

it should be a task to beginners to ask such questions, because for me I know quite well that you want to become successful you most ask others the pathway that makes them to be successful, so I know very well that what makes people to join bitcoin investment without making research is out of desperation, while is good to advantages and the disadvantages of something you wants to venture into it before you enroll yourself.

[Smilevictorobinna]

[edited out]

What about those people that has full understanding about there finance and also has a discretionary income. the knowledge of Bitcoin is different from that of finance, you can be a beginner (newbie) but have all knowledge about financial management.
So if such person's are going into Bitcoin investment all they need to know is how to invest and how Bitcoin works.
I agree with you and I believe having knowledge of self custody is very important and yet knowledge of self-custody is not a prerequisite in terms of getting into bitcoin you are very correct.

A lot of people has good knowledge of financial strength and management and also good knowledge in Bitcoin and all they need is a good strategy on how to start and I believe too much in strategy will make beginners confused in carrying out their investment except they are very much articulate.

I think that frequently my main points have been that the more that you know the more aggressive you can be in your bitcoin accumulation, yet in the end, each person has to figure out the finer details for themselves in terms of how aggressive that they might want to be and how to employ the various BTC accumulation strategies (of DCA, lump sum and/or buying on dip), and they also should be figuring out their investment timeline, and other various personal factors, but the mere fact that they still have things that they are figuring out should not stop them from getting started, but they might still have to tailor the level of their aggressiveness in accordance with how solid they feel in regards to each of their 9 factors and/or any other considerations that they might feel that they need to take into account.

Ok I think I gree with you since you said one can still get started when try to figure out one's personal factor. Is very important to figure out one's personal factor and that is the first thing anyone trying to go into Bitcoin investment should know but one can still get started while having all the knowledge.
And I believe there are a lot of things a beginner should know about investing on Bitcoin but one should know the basic things in other to invest, after investing you can still go on in acquiring all knowledge about Bitcoin.
The major thing is for you to know The basics first so you can invest no need of waiting for years in trying to know everything about Bitcoin and when you have started you will now no more about Bitcoin as time goes on.

[bestcoins1]

The question every beginner must ask themselves if they really want observe before investing is I'm I in for the long-term or short term investment.... I wouldn't say more than that to avoid repetition

Beginners who haven't invested in anything but have a great desire to do so, of course questions like that are very natural for them. But I think there is something more natural for other people to ask and it would also be quite good if every beginner wanted to do it, that is when the beginner has time to learn to know good investment assets and then understand how to invest well and which assets they will put their money into as investment capital. Because if they can ask themselves and can listen to what other people are asking, of course what they have to do is move to make it happen, such as trying to buy Bitcoin on the Dip and holding it (if they already know about Bitcoin).

[Ishicryptic]

Having a good knowledge when it comes to Bitcoin accumulation is actually good and nice . But  not accumulating due to the urge acquiring more knowledge is not actually nice , for instance most of us started our Bitcoin accumulating and holding while learning, and the funny thing is that we are still learning. So what am saying is that we don't have to wait till we have gotten some deep knowledge about Bitcoin before thinking of investing and all that. But one can just start accumulating without having the knowledge on how Bitcoin work and what's all about , and how to purchase and secure it , that's where having the basic knowledge first comes In .

And I believe that they are alot of folks here with that same mindset of wanting to gather some deep knowledge about Bitcoin before starting their Bitcoin investment journey, and most of them will only endup regretting not starting their accummulation and holding on time , Because the right thing to do is as one is accumulating more Bitcoin, as same time he or she should focus on learning too.

Things you don't need to overlook before going to bitcoin investment is have acquired the knowledge first, when you are curious to accumulate bitcoin, theirs is possibilities that after accumulating your bitcoin the price might neither crash or not, that is while you need to have standard knowledge of bitcoin before you think of accumulating of bitcoin, some persons seems how skyrocket the price of bitcoin is moving now and that prompt them to think that investing in Bitcoin is the right option...bitcoin investment is not the way someone can get rich and when you are investing In Bitcoin you have to calm down and study well, many people come up with bad idea in bitcoin due lost they experience after been lose in bitcoin investment neither short-term or long-term investment.

The question every beginner must ask themselves if they really want observe before investing is I'm I in for the long-term or short term investment.... I wouldn't say more than that to avoid repetition

it should be a task to beginners to ask such questions, because for me I know quite well that you want to become successful you most ask others the pathway that makes them to be successful, so I know very well that what makes people to join bitcoin investment without making research is out of desperation, while is good to advantages and the disadvantages of something you wants to venture into it before you enroll yourself.

Gaining knowledge before going into any investment is very important, without knowing the basics of an investment before going into it can amount to failure, also taking hasty decisions before involving in any monetary ventures is a danger and can make the person to lose their investment funds. Before going into Bitcoin investment, it is important to understand how it works, knowing the basics like the seasons, bull run and bear run, what can trigger price to pump and dump, what halving means and how to protect your wallet from hacks, also how to secure your seed phrase, this basic knowledge will prepare a newbie investor on how Bitcoin works.

I like the phrase "buy the dip and hodl" it will direct newbies and experienced investors on the best time to buy Bitcoin, so that the person will not wait till another halving, to see a new ATH price, before they can make profit, buy during bear run and sale during bull run. So the best time to buy is when price dips, and sale when price surges, also the best option is to do DCA method, keep buying irrespective of short term pump and dump, then sale in the bull run or keep hodling.

[Sim_card]

Knowing basics like the seasons, bull run and bear run, what can trigger price to pump and dump, what halving means

A new beginner that wants to start his bitcoin investment as a no coiner does not need to know what triggers the price of bitcoin to pump or dump because it is impossible for anyone to know what will happen in the future as different scenarios and government policies/regulation and unforeseen circumstances can play out tomorrow that will affect the price of bitcoin to pump/dump. This is why that is useless. Also knowing about bitcoin season can be learnt as long side as investing. A new investor should start investing immediately, he has the money to do so, this will enable him accumulate more bitcoin and at the same time acquiring bitcoin knowledge. This is because he is investing for a long term in which he has all the time to learn more about what he is putting his money into, and he will not be faced with any challenge of running at loss because he will not be selling but only buying. What he needs to know is how much he needs to use to DCA constantly every week or month from his spare cash after he must have taken care of all his needs and expenses monthly.

The reason of investing is to grow that invest and build it up to a level that they investment will start taking care of you, and that cannot be achieved immediately, it will depend on when you started the investment. This is why delay is dangerous, and acquiring unnecessary knowledge as a hodler who is on a long term goal will not help you reach your bitcoin target quick.

So the best time to buy is when price dips, and sale when price surges,

A new beginner on his bitcoin investment journey does not have any best time to buy, because he is a no coiner or low coiner, he must keep buying regular consistent and persistent in order for him to be able to grow his bitcoin stash to the maintenance level overtime. It is investors who are in their maintenance stage or have almost reached their maintenance stage that buying at the dip is the best for them, because even if they DCA with little amount regularly, it will have no significance increase on their bitcoin stash. Remember that it is hard to know when the dip will come.

So the best time to buy is when price dips, and sale when price surges

Why are you planning to sell due to little surge in price or are you not planning to hodli for long term, because it is only when you hodli for long term that your portfolio will generate a good profit due to the compounding effect of your bitcoin portfolio. Investors that sell too quick ends up in regrets and lamentations because you might not be able to buy those bitcoin that you have sold at the same price in which you bought them 4 years ago.

[Troytech]

Having a good knowledge when it comes to Bitcoin accumulation is actually good and nice . But  not accumulating due to the urge acquiring more knowledge is not actually nice , for instance most of us started our Bitcoin accumulating and holding while learning, and the funny thing is that we are still learning. So what am saying is that we don't have to wait till we have gotten some deep knowledge about Bitcoin before thinking of investing and all that. But one can just start accumulating without having the knowledge on how Bitcoin work and what's all about , and how to purchase and secure it , that's where having the basic knowledge first comes In .

And I believe that they are alot of folks here with that same mindset of wanting to gather some deep knowledge about Bitcoin before starting their Bitcoin investment journey, and most of them will only endup regretting not starting their accummulation and holding on time , Because the right thing to do is as one is accumulating more Bitcoin, as same time he or she should focus on learning too.

Things you don't need to overlook before going to bitcoin investment is have acquired the knowledge first, when you are curious to accumulate bitcoin, theirs is possibilities that after accumulating your bitcoin the price might neither crash or not, that is while you need to have standard knowledge of bitcoin before you think of accumulating of bitcoin, some persons seems how skyrocket the price of bitcoin is moving now and that prompt them to think that investing in Bitcoin is the right option...bitcoin investment is not the way someone can get rich and when you are investing In Bitcoin you have to calm down and study well, many people come up with bad idea in bitcoin due lost they experience after been lose in bitcoin investment neither short-term or long-term investment.

Getting a standard knowledge of bitcoin isn't something a newbie can cover in a week or two this could take months or even longer before he we would understand more about himself like cashflow management, risk tolerance and his investment timeline, all this are decisions that could take some time to figure out, waiting is a very wrong idea especially when you already know how to buy bitcoin and where to store it, this are the basic knowledge that I consider important for a newbie the rest can be figured out in the process of buying bitcoin, yes some newbies can tend to be very aggressive with regards to the price of bitcoin which I don't really support cause aggressiveness without knowledge of yourself can cause you to sell very early than expected, so a better advice like what Jay had said earlier on would be for them to get started even if it's a very little buying purchase of 10$ weekly and consistently while the figure out themselves properly.

[arwin100]

Having a good knowledge when it comes to Bitcoin accumulation is actually good and nice . But  not accumulating due to the urge acquiring more knowledge is not actually nice , for instance most of us started our Bitcoin accumulating and holding while learning, and the funny thing is that we are still learning. So what am saying is that we don't have to wait till we have gotten some deep knowledge about Bitcoin before thinking of investing and all that. But one can just start accumulating without having the knowledge on how Bitcoin work and what's all about , and how to purchase and secure it , that's where having the basic knowledge first comes In .

And I believe that they are alot of folks here with that same mindset of wanting to gather some deep knowledge about Bitcoin before starting their Bitcoin investment journey, and most of them will only endup regretting not starting their accummulation and holding on time , Because the right thing to do is as one is accumulating more Bitcoin, as same time he or she should focus on learning too.

Things you don't need to overlook before going to bitcoin investment is have acquired the knowledge first, when you are curious to accumulate bitcoin, theirs is possibilities that after accumulating your bitcoin the price might neither crash or not, that is while you need to have standard knowledge of bitcoin before you think of accumulating of bitcoin, some persons seems how skyrocket the price of bitcoin is moving now and that prompt them to think that investing in Bitcoin is the right option...bitcoin investment is not the way someone can get rich and when you are investing In Bitcoin you have to calm down and study well, many people come up with bad idea in bitcoin due lost they experience after been lose in bitcoin investment neither short-term or long-term investment.

What's really crazy with other investor especially to those new in the industry is they only know the word hodl if they see bitcoin going into bull run condition but once everything is in bad condition like a bearish market condition will occur they easily fade out and think about not having bitcoin since they fear to lose there money.

That's why its important to learn a lot of things before taking a decision to push what they like since there are lots of challenges will happen and they need to sort that so they will not do a bad decision that could potentially cost them a lot of money.
Although learning a lot and strengthen up our emotion can't be learn in short time but once we are consistent learning all those need to consider then for sure than we could provably became more better investor that can decide so well whatever the market is currently situation going on the market.  Also for sure with great knowledge they have they always think about going for long term and short term investment is just a bad idea to take for them.

[Stablexcoin]

[edited out]

What about those people that has full understanding about there finance and also has a discretionary income. the knowledge of Bitcoin is different from that of finance, you can be a beginner (newbie) but have all knowledge about financial management.
So if such person's are going into Bitcoin investment all they need to know is how to invest and how Bitcoin works.
I agree with you and I believe having knowledge of self custody is very important and yet knowledge of self-custody is not a prerequisite in terms of getting into bitcoin you are very correct.

A lot of people has good knowledge of financial strength and management and also good knowledge in Bitcoin and all they need is a good strategy on how to start and I believe too much in strategy will make beginners confused in carrying out their investment except they are very much articulate.

I think that frequently my main points have been that the more that you know the more aggressive you can be in your bitcoin accumulation, yet in the end, each person has to figure out the finer details for themselves in terms of how aggressive that they might want to be and how to employ the various BTC accumulation strategies (of DCA, lump sum and/or buying on dip), and they also should be figuring out their investment timeline, and other various personal factors, but the mere fact that they still have things that they are figuring out should not stop them from getting started, but they might still have to tailor the level of their aggressiveness in accordance with how solid they feel in regards to each of their 9 factors and/or any other considerations that they might feel that they need to take into account.

You're right here! Once we understand the various aspects and things to consider in investment. We can now start our investment with any of the strategies. Procrastination can be a very big factor and before we know time has gone far to meet the goal. Since there is no perfect time to buy Bitcoin there shouldn't be any procrastination because of the things they can figure out along the line. However, an investment timeline or should I say goal is something to have decided before starting an investment, this is because you accumulate towards achieving that goal, and the goal is what helps an investor to be committed to his investment. So, it's not something they have to figure along the investment line. It should be before they start an investment.

[teamsherry]

I don't think that really makes too sense, having a basic knowledge is far different from not having any knowledge  and that sounds too awkward hence, acquiring a basic knowledge is what is required of before investmenting with hope of learning more on your way up, of which certain considerations or factor are very viable as to that regards which includes:
 
There are basic knowledge one should get before venturing into any form of business or investment, it is going to be a disaster entering into any investment without any basic knowledge.

Read the post again.....  the poster was not actually talking about completely zero knowledge  about investment
Besides 70% of what you listed which is 3 are what you ought to have know before  even thinking of starting an investment in something  like Bitcoin...

1. Your income flow (understand your the level of your disposable income)  after taken care of your personal needs to a provitional emergency funds

So what are you insinuating here that someone should wait and learn his/her income flow ..... this isn't  what you should  learn it's  what you ought to have understand before even thinking about investment... practically so are you telling people to wait and study their income flow that they have been experiencing for years... or they should wait to see if there will be any reduction in their income flow or probably you just meant they must get a stable income flow before they invest

Both you and Tmoonz are quite on the same page, he is only proposing that at least someone should have basic knowledge before venturing into buying bitcoin, although some of those stuff he listed might take so much time to learn which i disagree that they are important for anyone to learn before getting into bitcoin.

Cashflow management is something that you never end learning, from the first day that you decide to buy bitcoin with 10$ you have already started investing, I understand that a newbie might not have figured out the difference ways to chuck down the expenses to maximize his bitcoin investment but I rather say that he should remain as aggressive as his knowledge can carry cause it might also be that he has not been practing self insurance or have any emergency funds prior to his first purchase, so as je gets more knowledge and knows more about himself and what he can do to better put himself in oder then he can start getting more aggressive and maximize his bitcoin investment.

It's totally wrong to tell someone to learn it all, what you fail to realise is that we never stop learning this stuff, as we progress we improve ourselves and what should have been our risk tolerance or disposable income of yesterday would become bigger and we get more stable in balancing ourselves as we know more. So yeah it's better to get started immediately then grow with the process, I tried that and I'm still learning, if I hadn't started when I did I might not have even understood what most if what Jay or anyone was saying , the process is the best teacher.

[GeorgeJohn]

Getting a standard knowledge of bitcoin isn't something a newbie can cover in a week or two this could take months or even longer before he we would understand more about himself like cashflow management, risk tolerance and his investment timeline, all this are decisions that could take some time to figure out, waiting is a very wrong idea especially when you already know how to buy bitcoin and where to store it, this are the basic knowledge that I consider important for a newbie the rest can be figured out in the process of buying bitcoin, yes some newbies can tend to be very aggressive with regards to the price of bitcoin which I don't really support cause aggressiveness without knowledge of yourself can cause you to sell very early than expected, so a better advice like what Jay had said earlier on would be for them to get started even if it's a very little buying purchase of 10$ weekly and consistently while the figure out themselves properly.

From your perception is good to hurry up and invest in bitcoin, is that what you will advise beginners to do, in norms you don't need to venture what you don't know about without proper research, someone get into lose base on over excitement and curiosity to invest in order to make a profit, as investor you need to be inquisitive to something you have not comprehend well..let me ask you, during the bearish season and bullrun when is best time for someone to accumulate bitcoin?.

I can't be that conscious to invest due to bitcoin price is increasing rapidly, you most at least scrutinised the market and understand the next movement of Bitcoin through the chat or move of candles sticks, probably, we need to know that is not all about investing but understand the system first, many of you is curious to invest when the price of bitcoin increasing and you feel is the best time to accumulate your bitcoin.

[mvdheuvel1983]

This is why it is not good to be waiting and piling up your funds in fiat when you already have an additional income which you can use to invest in bitcoin without a problem and hodli for long. It is never risky because you started earlier than waiting, and you are on a long term bitcoin journey using DCA strategy which will reduce the risk in bitcoin investment due to its volatile nature. You should also note that the price that you are buying today, might not be the price you will next next year because bitcoin price increases overtime, and this is why the investors who bought early are in great profit. The cheaper the price the   easier for you to accumulate more bitcoin, and the higher the price of bitcoin the harder it becomes to accumulate more bitcoin. Don't wait in poverty instead of fighting your way out of poverty with investing in bitcoin immediately you have the money

Waiting and piling up the cash in fiat before you buy is totally the wrong approach if you ask me because Bitcoin isn't a stable coins and you can't expect the price to sit around and wait for you to gather all the money first before you now use when you are satisfied with the money for investment. The right thing to do is simply to keep striving to accumulate just like you have stated with the little earning so that you can meet up with atleast the lower price because you can't tell when the price might go up or even down.

Even though bitcoin is not a stable coin that shouldn't discourage who wants to save up money to invest from investing in a wrong time, note, as the price isn't stable it makes it easier for any investor to save and invest whenever he wants to as no time is late to invest and to take profit. I think it is right to have have a stable income before investing in bitcoin since it will reduce the panic and fear of the investor but anyone who is investing with a little earning will only be hoping to get a quick profit which may never happen easily unless the price increased tremendously after investing so I think saving enough money and having a good and stable income should be considered by anyone before holding bitcoin.

[Ruttoshi]

I can't be that conscious to invest due to bitcoin price is increasing rapidly, you most at least scrutinised the market and understand the next movement of Bitcoin through the chat or move of candles sticks, probably, we need to know that is not all about investing but understand the system firstmany of you is curious to invest when the price of bitcoin increasing and you feel is the best time to accumulate your bitcoin.

A beginner don't need to understand anything about the next movement of bitcoin or read candle sticks or charts because they are irrelevant. The reason why I said that they are irrelevant is because that investor does not want to trade. What you stated are for traders, a new beginner that plans to hodli for long will not run at loss and can buy bitcoin anytime either in the bull market or in the bear market. This is because his aim is to accumulate as many bitcoin as possible overtime and does not have plans of selling. If a new investor buys his first bitcoin during the bull run because he feels he needs to start right away, and continue to DCA every week or every month regularly without skipping on week or month, you will see that he will also buy bitcoin during the bear season till the next bull run. His average bitcoin price will be balanced and he will be in profit in the next 4 years even if bitcoin price have not passed when he bought his first bitcoin.

So this is why much knowledge about the market is not needed but on to buy and transfer to your hardware wallet, because you don't need to distract yourself about the price of bitcoin, you are only focus on buying. You should also note that the price of bitcoin increases overtime, and it is not easy to know the next movement of bitcoin price, and it is very stressful to read charts and candle as a beginner who has the money to start his bitcoin investment right away. Even traders lose a lot because they find it difficult to know the next bitcoin price movement and read candles.

It means that the new beginner that is suppose to buy bitcoin at 67k now will take a lot of time studing without any bitcoin, might end up buying at higher price or will miss the quantity of bitcoin he is suppose to have accumulated because of learning what is not useful in bitcoin long term investment. The new investor just like @JJG use to advise can start accumulating and learn at the same time.

[Uhwuchukwu53]

This is why it is not good to be waiting and piling up your funds in fiat when you already have an additional income which you can use to invest in bitcoin without a problem and hodli for long. It is never risky because you started earlier than waiting, and you are on a long term bitcoin journey using DCA strategy which will reduce the risk in bitcoin investment due to its volatile nature. You should also note that the price that you are buying today, might not be the price you will next next year because bitcoin price increases overtime, and this is why the investors who bought early are in great profit. The cheaper the price the   easier for you to accumulate more bitcoin, and the higher the price of bitcoin the harder it becomes to accumulate more bitcoin. Don't wait in poverty instead of fighting your way out of poverty with investing in bitcoin immediately you have the money

Waiting and piling up the cash in fiat before you buy is totally the wrong approach if you ask me because Bitcoin isn't a stable coins and you can't expect the price to sit around and wait for you to gather all the money first before you now use when you are satisfied with the money for investment. The right thing to do is simply to keep striving to accumulate just like you have stated with the little earning so that you can meet up with atleast the lower price because you can't tell when the price might go up or even down.

Even though bitcoin is not a stable coin that shouldn't discourage who wants to save up money to invest from investing in a wrong time, note, as the price isn't stable it makes it easier for any investor to save and invest whenever he wants to as no time is late to invest and to take profit. I think it is right to have have a stable income before investing in bitcoin since it will reduce the panic and fear of the investor but anyone who is investing with a little earning will only be hoping to get a quick profit which may never happen easily unless the price increased tremendously after investing so I think saving enough money and having a good and stable income should be considered by anyone before holding bitcoin.

There is no room to fear as you said all one need is to planned well and save before engaging on the investment, this can help investor to accumulate even more as the attention to quickly withdraw won't be there is a result of not planing properly that make most people that engage on BTC begin to consider withdraw so fast because they are choke with other responsibilities that that can't deal without venturing or touching tje investment,you can only see the value more when there some set outside strategy of handling some daily impressing needs outside one investment.