You are right, there is no point in arguing with those who do not understand Bitcoin and I think investing in Bitcoin is not mandatory for everyone but rather giving correct information to those who do not know about Bitcoin, explaining the technology and teaching a long-term perspective so that they can understand for themselves whether investing in Bitcoin is profitable or risky because gaining knowledge about these things is more fruitful for new investors. One thing everyone should keep in mind very well is that Bitcoin conviction comes from knowledge, and knowledge comes through time and learning. So if it is started then it inspires people to learn.
Argument with people without knowledge is a waste of time so when you hear them talk you know if they are knowledgeable or not and those that are most likely to pick up Intrest to want to invest, they need to understand first so know that then they will know the steps to take both everything thing still have to be around if they are ready to learn when you learn you will know that one of the things people do the most when it comes to bitcoin is to hold for a very long time onyl few traders we have been we know the risk and what it take to be a traders so holding is what people like.
People are always taking learning for granted and without learning you can do nothing so first have the knowledge even if it is basics so that when you start you won't even feel cheated because you already have the knowledge and you can even manage to know how to. Buy and sell then every other thing can follow and this is one reason, they will tell. Anyone that is starting to start by learning first that is the most important factor.
I am a bit confused by your post Baki202, since you seem to be implying that there might be some prerequisite level of learning (beyond common sense) that needs to happen before getting started investing in bitcoin.
So frequently, I am trying to emphasize getting started investing in bitcoin, since there are so many normies (no coiners and low coiners) who emphasize knowing about bitcoin or trying to figure out BTC price movements so that they can buy dips, blah blah blah, and many of those folks would be way better off to get started investing in bitcoin as soon as possible, and so the amount that anyone starts out investing with does not need to be large, yet there is an importance in getting started investing in bitcoin as soon as possible rather than getting caught up upon ideas that they need to learn something about bitcoin first or that they need to know anything more than what can be gathered by looking at a bitcoin price chart and seeing that its price is quite volatile and number tends to go up... and so superficial knowledge of bitcoin is fine to start out as long as the person otherwise has the abilities to figure out if he has discretionary income and he has common sense.. .so if he has discretionary income (which is the main prerequisite to figure out), then he is able to use his common sense to figure out a starting investment amount, whether it is $100 or $10 or some other amount, and then set his pace from there in regards to how much time and energy that he is able to dedicate to bitcoin in order to better tailor his in ongoing investment amounts to his
individual factors.
Try making use of punctuation next time so that it is easier for your writeup to be ready and understood by others... Let me ask you a question, why are you suggesting that folks requires knowledge of market condition and it's cycles as a requirement for investing? Timing market conditions or whatever else that traders do, isn't a requirement for starting Bitcoin... Discretionary income is all folks need to kickstart their investments, and they can very well learn the rest later...
It’s not an essential need to before you actually start investing into bitcoin, the essential needs are having the capital to invest, the basic knowledge of how to set up one’s wallet, knowledge on how to buy bitcoin and also sell, knowledge on how to safeguard your coins by prioritizing self custody. All this are the necessities need before one should invest into bitcoin.
Bullshit.
You don't need all the items that you list in order to get started investing in bitcoin. All you need is discretionary funds (such as $10) and common sense, and you can figure out other aspects of your particulars in the order that you choose, since the items that you mention are not prerequisites unless the person chooses to create extra obstacles for himself and to delay getting started.
It's a fine balance.
Learning first can make you avoid stupid errors.
Learning too much makes you delay the investment.
I would say it's necessary to have a certain degree of understanding, a little bit more than common sense, also because the errors you can make in your early phases are difficult to repair.
Privacy, above all.
We might not agree exactly on this point (or perhaps how to express the point), which might boil down to our disagreement regarding what is "common sense" and how common sense might affect how any of us might approach our entrance into bitcoin (as a presumptive newbie).
Surely sometimes if someone is very young, there might be some unrealized lack of common sense due to immaturity, yet I would still like to prefer to presume that 97.5% of folks have common sense, even though from time to time they might need to reign in their common sense so that they are identifying various limitations that they might have in terms of either learning how to invest or getting started investing, to the extent that they might not necessarily have investing skills at the time that they are first getting started investing in bitcoin.
In other words, it is my own thought that lack of knowledge and/or lack of comfort in investing into bitcoin can be moderated based on position size, so maybe a hypothetical person might help with this argument, and so if a brand new bitcoiner comes towards thinking about bitcoin, and let's say that he is in his mid-30s, he does a quickie assessment of his financial situation and he figures out (after maybe an hour of reflection) that he earns about $30k per year ($2,500 per month), and his expenses tend to be around $1,500 per month. He does not have any other investments and/or savings, so when he comes accross bitcoin, he figures that he needs to get his finances in order by starting to invest in order to prepare for his elderly years, and he is thinking that he would not mind trying to buiild up enough wealth to be able to stop working in his early to mid 50s and maybe bitcoin could fit into the picture of his getting started building in such a direction.
Based on his ballpark assessment (again after a mere hour or so of reflection), he figures that he could pretty easily invest around $100 per week into bitcoin, yet since he ONLY has a superficial understanding of bitcoin, he decides to start out with $30 per week into bitcoin and to study further as he goes. What is wrong with that? What is wrong with adjusting the starting out bitcoin position size and learning as he goes?
Why are you suggesting that he should learn any particular thing besides glancing at some bitcoin chart, seeing volatiity and seeing that over the long term number tends to go up. What else does he need to know to get started? and why does he need to know it beyond knowing that he has discretionary funds available and common sense and that he can learn as he goes and also that he can make adjustments to his position size as he goes, including that he can later decide to completely abandon his bitcoin "investment" if he comes to determine that he does not want to invest in bitcoin, yet in the meantime he had been putting $30 per week into it while he was looking into the matter.
Another thing is that immediately when he gets started he either needs to know from where he is going to start to buy bitcoin, or he has to find that out soon, and so I don't have any problem presuming that he sees any bitcoin exchange that is available and he starts with such bitcoin exchange and the information on the exchange regarding setting up an account and fees associated with buying... Another possibility is that he might either have had heard from a friend/relative that could sell him bitcoin or that he goes to a bitcoin ATM, and in those cases, he might have to have a bitcoin wallet, even though he might not necessarily start out having a bitcoin wallet and I would argue that he does not have to start out with a bitcoin wallet, yet the extent to which a wallet might be necessary in the very beginning may well depend upon what he knows and his need to figure out the sourcing if he just does a quick look at what exchanges are available or that he had just randomly had a conversation with someone who recommended a starting way to source his coins... and surely, I understand the value of self-custody, yet I frequently proclaim that in the very beginning a person does not need to figure out self-custody and they can start out with keeping their coins with a custodian.
Your presumptive arguments about privacy seem to also be something that is potentially secondary, since I really doubt that my hypothetical guy who his getting started with $30 per week is going to be greatly jeopardized by any privacy compromises that he might have had made in the ways that he had chosen his having had gotten started as soon as he figured out that he has discretionary income in the amounts like I already outlined in my above hypothetical.
Surely, there are guys who woudl be coming to bitcoin and already be hyper-aware of privacy, and sure those guys can follow their own common sense that relates to their experiences and expectations, yet if we are referring to the overwhelming majority of normies, I am still going to assert that it is way better to get the fuck started rather than fucking around with excuses of x, y and z, when they already know that they have discretionary funds available at the levels that I described in my hypothetical. Sure if you would like to change the hypothetical, then shoot me some facts and we will go with your hypothetical guy, yet I doubt that my own selection of a hypothetical is unrealistic or unrepresentative of what a normie newbie might look like. Yeah, sure you might want to show a younger person so that he might be grappling with different finances, and I don't have any problem with that, yet we still need to outline what such a guy looks like, to the extent that guys in their 20s might also get into similar situations as the guy in his mid-30s, yet guys in their mid-to-early 20s is going to have a lot more time to screw around and screw things up by getting distracted into shitcoins and trading, yet the mere fact that younger guys are ready, willing and/or able to get distracted into bullshit does not mean that we should presume that they will get distracted into bullshit, once they might have a steady income.
Someone who has little faith in investing in Bitcoin or someone who has already invested certainly doesn't understand Bitcoin at all. This applies to those who haven't started investing and oddly enough those who have invested but still lack faith or are hesitant about their actions.
It is in no way problematic when folks start out with little faith and they decide to invest based in how convinced they seem to be at that moment, since they can very well build their convictions as they go and then increase their investments amounts... Conviction is not something that may always be instantaneous for most folks, since it tends to develop with time as they learn more about Bitcoin and see how it works out in practice.. So when you see a newbies with little faith/or conviction, they shouldn't be discouraged since they are still in the learning stage and are still in the process of building their convictions...
When people believe in Bitcoin investment and then they are able to take risks. So the only Bitcoin investment that has confidence in the investment and the ability to take risks will be able to sustain it for a long time. Even if they face extreme danger, they will hold onto their Bitcoin, and they will deal with the danger from the money they will create to sustain their Bitcoin investment.
So the only investors who have faith, risk-taking, these things are the only ones who will be able to sustain their Bitcoin investment for a long time with confidence. And the amount of time in Bitcoin investment can be more than a decade.
The position size can be (and probably should be) adjusted in accordance with the level of faith/confidence. Guys do not have to have high levels of faith in bitcoin to take a position size that attempts to be aligned with the level of their confidence. Accordingly, since 2020 I have been recommending normie newbies to come to bitcoin and consider an investment percentage that is 5% to 25% in bitcoin, and surely the end amount is up to them and their financial and psychological circumstances, and they surely can choose to invest outside of the range that I suggest to be the beginning consideration points. If they are whimpy and they might not be confident in bitcoin they can either invest towards the bottom of the range or even below the range (while still hopefully getting off zero), and if they are highly confident they can invest towards the higher end of the range or go above the range to the extent that their finances/psychology can handle it (without overdoing it).
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You're absolutely right sir I agree with you someone doesn't need to have it all before going into investment just as you said is simple to start up with your discretionary fund as a beginner then have a common idea on your own before you can invest in Bitcoin it doesn't matter learning or making research. And they're some person's that always have this kind of fear that before starting up investment that it requires a certain amount that is why most people are afraid why some have this kind of mentality that if they invest with a huge capital they will gain without knowing how risky it is.
You are speaking gobble-dee-gook, Borbb.
