Bitcoin kwoledge is not complete without bitcoin investment

[Y3shot]

If you haven't invested in bitcoin yet, you should try and do so, if you have the resources so that you can feel the vibes that am feeling right now.

Let's discuss.

We often hear/read people here telling advise about "You Must learn first before investing" but for me ? one thing that always matter that I already experienced . why not instead of doing that is "Invest first while Learning" as long as that amount are what you can afford to lose.

Try to Imagine that you invested in bitcoin when the price is 30k , then you start learning and study , after few years price grows to 100k and your knowledge then is completely about bitcoin then your profit can be used for another strategy right?
that is how I see the best in bitcoin learning and yes earning .

I think taking investing and  learning for beginners is not the best start. Beginner have lots of mindset toward bitcoin that are not real.  Most beginners don't really know much about the volatility of the market,  all they feel is to make money from investing.  I think learning to change the mindset of beginners to know Bitcoin is volatile and they do not need to rush to make profit. After changing the mind set investing can take place while learning still Continues. Beginner needs to learn before investing to know and understand what they are into.

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[Roseline492]

What do you call being risky as regards to investment in BItcoin? Are you one of those who believe that Bitcoin is a bubble? Some of them are still waiting for the price of Bitcoin to become zero while Bitcoin is breaking new grounds, gaining acceptance even getting set to create a new ATH.

What you said is true, irrespective of how everyone will wish to buy Bitcoin when the Bitcoin price is a bit lower that shouldn't give people the mindset that they should wait till the Bitcoin price moves to zero.

Perhaps as an investor having that mindset of always targeting or expecting Bitcoin price to dip the way that suit  them could be a very big mistake, because price may continue to increase were as you have missed the opportunity to accumulate thinking the price would drop to your expectation.

However this was what I told an investor when the Bitcoin was on a consolation zone within $26k to $27k when he was saying that he was expecting Bitcoin to dip more before he could buy, and little did he know he was making a mistake by missing the opportunity to buy Bitcoin with that price, so while he was waiting for the price to dip, the next morning he woke up seeing Bitcoin on $30k and he became surprised wishing if he had known he would have accumulated since instead of waiting for more  dip that did not even happen.

So considering the potential of Bitcoin every price it present to us now is very good opportunity to invest.

[Ojima-ojo]

I totally agree with the op, though the discussion has really gone and come a long way, i am just coming across the thread for the very first time and i guess it's not wrong to say something.
It is commonly said that experience is the best teacher, so this is to say that nothing beats being experientially knowledgeable in something, which in this case is bitcoin. It is one thing to read and gain some knowledge and insights in operability of bitcoin, how it works and all that, but it is completely a different experience altogether to have the first-hand experience in what bitcoin truly is and how it operates, for now, your knowledge of bitcoin is no longer completely based on what you read or what someone told you, but now, your knowledge is also based on your own personal experiences as well.

So yeah, anybody involved in this space deserved to buy some bitcoin, no matter how little, if you ever will try to teach somebody somewhere about bitcoin someday, you need to own some bitcoin yourself today.

 

Just as it has already been mentioned by JayJuanGee and several others who have given their expert opinion on this topic, is still very highly necessary to clarify a few things and regards to knowledge and investment or starting a business,  because first when you want to build a good financial flow in form of investment or starting a new business,  you must first of all invest in building the right knowledge and experience because that is the first and basic capital needwd to succeed in any space in life as long as investment is concerns.


In fact, is not good enough to have money as the first capital for an investment and even if you have the money without the knowledge, you still end up spending and wasting the money without achieving anything tangible out of the whole thing, so knowledge is indeed power, and it guarantees you a safe and profiting journey since you will be approaching everything with expert ideas since you already have and build the needed knowledge about the investment,  although the good side of Bitcoin investment is that, one can buy and hold bitcoin while he/she spend the time to build the knowledge about bitcoin, but even at that, the investors must be careful not to have bought the Bitcoin when the price is at an all-time high because doing that may result in I to long wait and possible frustrations.

[Hatchy]

It is those people that think that bitcoin is a get rich quick scheme that invest in a short term and they want massive profit, they will run at loss because that is not how bitcoin should be venture into, since nobody can predict the price movement of bitcoin right. Other assets has high risk and can't be compared to bitcoin in terms of risk and benefits.

They won't lose money, but they might feel disappointed because they didn't earn the profits they expected. Negative ideas about Bitcoin often come from certain social influencers or online scammers who take advantage of people with little knowledge about the technology and end up taking their money. Anyone smart enough would research any investment opportunity they're introduced to. There's no quick way to making profits and it all requires proper knowledge. Without knowledge, one might feel like they wasted their money in the investment.

In order to invest in Bitcoin safely, it's important to understand how it works, especially the Blockchain and the market. Without this understanding, one might worry unnecessarily due to a lack of necessary knowledge. For instance, someone making a transaction without knowing how to choose the right fee might become concerned if the transaction isn't confirmed quickly. However, with proper knowledge, they'd realize that a slow transaction might be due to using a low fee and could find a way to increase it for a faster transaction. Having knowledge allows one to handle various situations and seek help if needed. Therefore, it's crucial to prioritize gaining knowledge before practicing in the realm of Bitcoin investment.

[Samlucky O]

I totally agree with the op, though the discussion has really gone and come a long way, i am just coming across the thread for the very first time and i guess it's not wrong to say something.
It is commonly said that experience is the best teacher, so this is to say that nothing beats being experientially knowledgeable in something, which in this case is bitcoin. It is one thing to read and gain some knowledge and insights in operability of bitcoin, how it works and all that, but it is completely a different experience altogether to have the first-hand experience in what bitcoin truly is and how it operates, for now, your knowledge of bitcoin is no longer completely based on what you read or what someone told you, but now, your knowledge is also based on your own personal experiences as well.

So yeah, anybody involved in this space deserved to buy some bitcoin, no matter how little, if you ever will try to teach somebody somewhere about bitcoin someday, you need to own some bitcoin yourself today.

 

I so much love what you said in this last paragraph. There is a need for you to be an investor before teaching someone about investment. Let's take for example you are a mechanical engineer who studied in school and have all the theoretical knowledge of coupling machine and has not yet practically done it, I think you can't be able to teach someone in the practical aspect.

Having knowledge of Bitcoin is not enough but also putting it in practice, to avoid misplacement of fund. And to also know the security measures needed in operation wallet. Also knowing the best wallet to use for Bitcoin investment. Failure to know this tips might amount to a fuck up.

[Agbamoni]

What do you call being risky as regards to investment in BItcoin? Are you one of those who believe that Bitcoin is a bubble? Some of them are still waiting for the price of Bitcoin to become zero while Bitcoin is breaking new grounds, gaining acceptance even getting set to create a new ATH.

So considering the potential of Bitcoin every price it present to us now is very good opportunity to invest.

This is a true statement. Anytime is a good time to buy bitcoin especially when you're investing. And it is of great value to consider that investment is a risk and there are risking investing in Bitcoin. While it has potential, it's important to be cautious. This is why people use a well-structured strategy that will help them harness the situation of falling for the risk involved in buying Bitcoin. And one strategy mostly implement is DCA because this has helped a lot of investors to buy Bitcoin safely not minding the current price of Bitcoin at the moment. Any amount is a good start to accumulate Bitcoin. But ill recommend at least 20% of an income for at least 2 to 3 years. It may seem little but can still be of great value in the future. Endeavour to know how to store it properly that is what matters.

[Pi-network314159]

Over the years, I have had people ask me to get involved with some of their bitcoin investing matters too.. and mostly I have refused.. even though surely sometimes we do end up getting sucked into with some of these kinds of needs to help others and there are some people who we might well trust in a lot of ways and we know that they would not be able to invest into bitcoin without a decent amount of handholding  so we might end up getting involved in those kinds of relationships, since they might have gotten into bitcoin through their conversations with us, they might end up continuing to rely on us, even if we might try to make sure that they know that they are responsible for their own BTC decisions and investments, we still might feel some needs to help some of these people from time to time to make sure that they do not totally end up recking themselves.. It is not necessarily an easy balance.... when we have various kinds of relations in the real world.. and if we might talk about bitcoin from time to time in the real world, it may well have real world consequences for people around us and in various degrees of relationship to us.

Helping people on bitcoin investment I think it's optional, people always ask for help when they are not really ready for what dey need. You can only help someone when you know the zeal or passion he/she has on a particular discipline. Bitcoin Investment is not for everyone, when you choose to help the wrong person  you  end up repeating yourself always. Some people are not ready to learn no matter how hard you try to teach them. but always want to make money. That is why some always find who to invest for them.

I think there is need to invest for them, rather teach them how to invest for themselves. Because dey might end up screwing you up. Thinking you have swindle there money without knowing that crypto is not for the week. It's a self deceplinary kind of thing which is more like a gambling. If you win you win if you loose you loose.
Investing for someone should be on purpose or matured minded set of people who really do understand what crypto is all about.

[Dr.Bitcoin_Strange]

Splitting your money to invest in altcoins is like staking on different games; you are not sure which one you would make a win from; it's even possible that all could bust, and the money you invested becomes a waste.

I didn't get you right, are you saying that you will prefer to gamble with altcoins because there are possibilities that you will make profit? I must tell you this that when you spread your funds on altcoins the possibility of you running at loss is 98% because altcoins can't be seen as an investment as they can't be use for a long term investment because they will not survive

@Sim_card, Nothing I have said is too difficult not to get. As a matter of fact, what I am really pointing at is what you have just written down.

Some people like to play around alt coins because of the fals benefits they think it offer. Alt coins can pump and dump in a short period of time, and since the majority of those altcoins are too cheap to buy, some investors think it's better to buy in quantity. Lol. So what I am saying is that it is an absolute gamble to invest in alt coins when you are not even sure which of them will be pumped, when it will be pumped, or if at all it will get pumped. Altcoins are an investment of luck, and since I have been investing in altcoins (when I was new in the space), I have not really been so lucky to buy an altcoin that blows me, like some people would always imagine that if they buy large quantities of some shitcoins, they could blow any time the token gets just a small pump. Bitcoin is an investment for patients because the bull season will definitely come and you will make a profit.

[Litzki1990]

However, we all know that Bitcoin has a risk. We cannot keep that aside, but anyone who chooses to take the risk will surely get the profits he/she deserves, although, each time Bitcoin fluctuates, either we gain or we lose, but that can not stop Bitcoin investors not investing in Bitcoin.

That's true every investment has a risk, even our daily business involves risk so perhaps if we should dwell on those risk it would be very difficult to start a business, so actually anybody who fails to take risk is eventually not ready to become a successful person because risk is inevitable.

Although in as much as volatility may be concerned on Bitcoin market but perhaps I don't see much of a high risk involved on Bitcoin but however it all depends on the intention of the investor because if is for holding I see no reason why price volatility will affect the mindset of the investor on less the investor is having a doubt or doesn't believe on the potential of Bitcoin.

Money should be risked without risking life. I have read many news stories where people from different countries are risking their lives to come to Europe by sea. It is much better to risk a person's money than to come to Europe risking life. Fools risk life, if there is no life then what is the use of thinking about money. If we have a lot of weakness towards money then it will be a difficult thing for us to invest. Whenever we want to invest, our mind will stop us from investing. Investing is easy for those who are brave from an early age and don't think too much about making decisions and for whom money is not an area of major weakness. Investing in Bitcoin can be the best investment medium for everyone as it gives financial freedom to everyone.

[barisbilgili]

If we have a lot of weakness towards money then it will be a difficult thing for us to invest. Whenever we want to invest, our mind will stop us from investing. Investing is easy for those who are brave from an early age and don't think too much about making decisions and for whom money is not an area of major weakness. Investing in Bitcoin can be the best investment medium for everyone as it gives financial freedom to everyone.

If we lack finances, of course we won't be able to make any investments because if we want to invest, we certainly need money to be able to do it. Investing from an early age is indeed a good thing to prepare us for financial matters in the future, if we don't make any investments it will certainly cause us financial difficulties in the future. If we invest in Bitcoin then this is a very good choice for now because we can collect it with whatever amount we are able to invest and if we do it consistently we will of course be able to enjoy profits in the future.

[JayJuanGee]

I totally agree with the op, though the discussion has really gone and come a long way, i am just coming across the thread for the very first time and i guess it's not wrong to say something.
It is commonly said that experience is the best teacher, so this is to say that nothing beats being experientially knowledgeable in something, which in this case is bitcoin. It is one thing to read and gain some knowledge and insights in operability of bitcoin, how it works and all that, but it is completely a different experience altogether to have the first-hand experience in what bitcoin truly is and how it operates, for now, your knowledge of bitcoin is no longer completely based on what you read or what someone told you, but now, your knowledge is also based on your own personal experiences as well.

So yeah, anybody involved in this space deserved to buy some bitcoin, no matter how little, if you ever will try to teach somebody somewhere about bitcoin someday, you need to own some bitcoin yourself today.

Just as it has already been mentioned by JayJuanGee and several others who have given their expert opinion on this topic, is still very highly necessary to clarify a few things and regards to knowledge and investment or starting a business,  because first when you want to build a good financial flow in form of investment or starting a new business,  you must first of all invest in building the right knowledge and experience because that is the first and basic capital needwd to succeed in any space in life as long as investment is concerns.

In fact, is not good enough to have money as the first capital for an investment and even if you have the money without the knowledge, you still end up spending and wasting the money without achieving anything tangible out of the whole thing, so knowledge is indeed power, and it guarantees you a safe and profiting journey since you will be approaching everything with expert ideas since you already have and build the needed knowledge about the investment,  although the good side of Bitcoin investment is that, one can buy and hold bitcoin while he/she spend the time to build the knowledge about bitcoin, but even at that, the investors must be careful not to have bought the Bitcoin when the price is at an all-time high because doing that may result in I to long wait and possible frustrations.

It seems to me that I had been saying something different from what you seem to be suggesting that I am saying, and I personally give few shits if the BTC price is at the top, bottom or wherever it is at, and my ongoing suggestion is for no coiners to get started asap, and sure anyone can look at charts and try to figure out if they should modify any strategy that they choose to take, but still a person who might have started to invest in BTC at the top of the market (at around $69k) in November 2021 would still likely be getting into profits right now with an ongoing buying of bitcoin strategy for the past two years.  Of course, the longer that they have been in bitcoin the better, but there is nothing wrong with someone who started buying $100 per week in BTC in the beginning of November 2021, and by now they would have had invested $10,500 and would have right around 0.4181 BTC (worth around $14,843 at current prices), which surely is not bad to have that amount of BTC after 2 years of buying $100 per week... and the only knowledge that such a person may have had needed to have was that they were in a position in which $100 per week was a reasonable amount for them to invest into bitcoin, and surely if the person needed to invest less, such a $10 per week, then that person would have a lot less bitcoin (1/10th the amount in each of the categories - which would be right about 0.04181 BTC (worth around $1,484.26 at current prices) with $1,050 invested) but still be in a decently good position based on the amount invested and the amount of bitcoin that had been accumulated over the past two years.

[Salahmu]

I think there is need to invest for them, rather teach them how to invest for themselves. Because dey might end up screwing you up. Thinking you have swindle there money without knowing that crypto is not for the week. It's a self deceplinary kind of thing which is more like a gambling. If you win you win if you loose you loose.
Investing for someone should be on purpose or matured minded set of people who really do understand what crypto is all about.

You are correct on that one because irrespective of how we may feel is important for people to start investing on Bitcoin but it doesn't mean that we should allow people to invest under us, although it all depends on individual because there are people who helps those that has know knowledge about investment to invest under them.

To me is very risky allowing someone to invest under you especially a bigginer who has know much knowledge about investment because considering how volatile Bitcoin market will be sometimes, perhaps it could happen that when he would need his investment money perhaps the price would have gone against him as such that the possibility of realizing his investment amount after selling it will not be there, however making him feel that he was duped.

So just like you said is more better teaching someone who is interested on Bitcoin investment on how to invest instead of allowing him to invest under you, because we may not like what the outcome will be.

[Odohu]

I think taking investing and  learning for beginners is not the best start. Beginner have lots of mindset toward bitcoin that are not real.  Most beginners don't really know much about the volatility of the market,  all they feel is to make money from investing.  I think learning to change the mindset of beginners to know Bitcoin is volatile and they do not need to rush to make profit. After changing the mind set investing can take place while learning still Continues. Beginner needs to learn before investing to know and understand what they are into.

I can assure you that those newbies will learn more about Bitcoin from mistakes such as selling too quick, waiting for the dips to buy only to miss out, jumping on the market because of hype and many others. The knowledge they will gain from those experiences cannot be gotten from any book or article... it is call personal experience. Many of us in this forum learnt through that way, we made those mistakes until we realized them and start making effort to develop the heart of a HODLER.

It has been emphasized severally that you don't need to be an expert to be invested in Bitcoin. You just need the basic knowledge of Bitcoin to get started on the journey of building your Bitcoin portfolio. If you want to be a dev, that is a discussion for another day. 

[rachael9385]

However, we all know that Bitcoin has a risk. We cannot keep that aside, but anyone who chooses to take the risk will surely get the profits he/she deserves, although, each time Bitcoin fluctuates, either we gain or we lose, but that can not stop Bitcoin investors not investing in Bitcoin.

That's true every investment has a risk, even our daily business involves risk so perhaps if we should dwell on those risk it would be very difficult to start a business, so actually anybody who fails to take risk is eventually not ready to become a successful person because risk is inevitable.

Yes, exactly, there are risks everywhere, both in business or investment, but the important thing is that people should overlook the risk in them and invest or start a business for themselves. Money can not come if one doesn't take a risk on anything, just like if someone did not create an opportunity for more money to come, he/she will spend the little he/she has saved. It is good to create an opportunity for funds to come in. One thing is that people should create an opportunity for themselves with the little money that they have, they should not think about the risk or even the profits as well.

Although in as much as volatility may be concerned on Bitcoin market but perhaps I don't see much of a high risk involved on Bitcoin but however it all depends on the intention of the investor because if is for holding I see no reason why price volatility will affect the mindset of the investor on less the investor is having a doubt or doesn't believe on the potential of Bitcoin.

Yes, you are correct, Bitcoin's risk is not higher than other investments or businesses. There are other businesses or investments that have more risk than Bitcoin investments (like some shitcoins/altcoins). Some of them, their risk is higher than Bitcoin investment and I believe that anything that has little value in the crypto market also has a higher risk.

I think taking investing and  learning for beginners is not the best start. Beginner have lots of mindset toward bitcoin that are not real.  Most beginners don't really know much about the volatility of the market,  all they feel is to make money from investing.  I think learning to change the mindset of beginners to know Bitcoin is volatile and they do not need to rush to make profit. After changing the mind set investing can take place while learning still Continues. Beginner needs to learn before investing to know and understand what they are into.

I can assure you that those newbies will learn more about Bitcoin from mistakes such as selling too quick, waiting for the dips to buy only to miss out, jumping on the market because of hype and many others. The knowledge they will gain from those experiences cannot be gotten from any book or article... it is call personal experience. Many of us in this forum learnt through that way, we made those mistakes until we realized them and start making effort to develop the heart of a HODLER.

It has been emphasized severally that you don't need to be an expert to be invested in Bitcoin. You just need the basic knowledge of Bitcoin to get started on the journey of building your Bitcoin portfolio. If you want to be a dev, that is a discussion for another day.  

You are absolutely correct, Bitcoin investment does not need high knowledge before investment and if anyone just wants to depend on the things he/she has read, then the person will have nothing but no good experience about Bitcoin investment, as we already know that no amount of knowledge will give us the right answers to something without practicing it.
Bitcoin newbies need Bitcoin practice more than knowledge. Although both are good and useful but still, practical is more important than knowledge. If an investor applies Bitcoin investment practice and the knowledge all together, it will help the investor understand more than what he/she has read from anywhere.

[uswa56]

I think taking investing and  learning for beginners is not the best start. Beginner have lots of mindset toward bitcoin that are not real.  Most beginners don't really know much about the volatility of the market,  all they feel is to make money from investing.  I think learning to change the mindset of beginners to know Bitcoin is volatile and they do not need to rush to make profit. After changing the mind set investing can take place while learning still Continues. Beginner needs to learn before investing to know and understand what they are into.

I can assure you that those newbies will learn more about Bitcoin from mistakes such as selling too quick, waiting for the dips to buy only to miss out, jumping on the market because of hype and many others. The knowledge they will gain from those experiences cannot be gotten from any book or article... it is call personal experience. Many of us in this forum learnt through that way, we made those mistakes until we realized them and start making effort to develop the heart of a HODLER.

It has been emphasized severally that you don't need to be an expert to be invested in Bitcoin. You just need the basic knowledge of Bitcoin to get started on the journey of building your Bitcoin portfolio. If you want to be a dev, that is a discussion for another day. 

I experienced as you said, so if anyone wants to learn from me then I always answer do it first, then you will get an initial lesson and it will continue, but not many people believe, many people want a lot of theory before starting, and I think that was a big mistake.

Actually now it is very easy to learn the basics of Bitcoin before we start, there is no need for special learning that is too deep for extensive knowledge before investing in Bitcoin, in fact mistakes and regrets in investing will be valuable lessons and emotional regulation when investing will never be we encounter theory apart from experience of what has happened to be a very valuable lesson for us in the future.

[Odohu]

I can assure you that those newbies will learn more about Bitcoin from mistakes such as selling too quick, waiting for the dips to buy only to miss out, jumping on the market because of hype and many others. The knowledge they will gain from those experiences cannot be gotten from any book or article... it is call personal experience. Many of us in this forum learnt through that way, we made those mistakes until we realized them and start making effort to develop the heart of a HODLER.

It has been emphasized severally that you don't need to be an expert to be invested in Bitcoin. You just need the basic knowledge of Bitcoin to get started on the journey of building your Bitcoin portfolio. If you want to be a dev, that is a discussion for another day. 

I experienced as you said, so if anyone wants to learn from me then I always answer do it first, then you will get an initial lesson and it will continue, but not many people believe, many people want a lot of theory before starting, and I think that was a big mistake.

You are obviously missing the point because I did not mean that someone should start with Bitcoin to fail before he learn. That is not the picture I was painting. You cannot start something like Bitcoin without getting the BASIC knowledge. Investing in Bitcoin requires that you know how to send/receive, how to setup  and protect your wallet and other sensitive information. With this you can start accumulating Bitcoin and managing your portfolio. You don't need to know the deep things like codes and the rest of them before you become an investors. While such knowledge is good, it is not  all that is required to be able to hold Bitcoin, deal with FOMO and greed and become successful as a Bitcoin investor.

There is actually no end to know, meaning you can always go for the deep knowledge even after being invested in Bitcoin.

[HelliumZ]

Investing in Bitcoin and gaining knowledge about Bitcoin are complementary to each other. If someone goes to invest in Bitcoin without gaining knowledge about Bitcoin then he will definitely face losses in one way or another. Again if one is going to gain knowledge about Bitcoin then he must invest in Bitcoin. No one can gain complete knowledge on Bitcoin without investing in Bitcoin. You on BitcoinYou can gain knowledge in different ways but you must invest to gain knowledge about complete risk, investment type, long term short term investment, and various analysis on Bitcoin market etc. on Bitcoin. If you haven't invested in Bitcoin, you can't understand the importance of investment risk. If you do not gain knowledge about Ricks Management, youOne can never master complete knowledge on Bitcoin.

[JayJuanGee]

I can assure you that those newbies will learn more about Bitcoin from mistakes such as selling too quick, waiting for the dips to buy only to miss out, jumping on the market because of hype and many others. The knowledge they will gain from those experiences cannot be gotten from any book or article... it is call personal experience. Many of us in this forum learnt through that way, we made those mistakes until we realized them and start making effort to develop the heart of a HODLER.

It has been emphasized severally that you don't need to be an expert to be invested in Bitcoin. You just need the basic knowledge of Bitcoin to get started on the journey of building your Bitcoin portfolio. If you want to be a dev, that is a discussion for another day. 

I experienced as you said, so if anyone wants to learn from me then I always answer do it first, then you will get an initial lesson and it will continue, but not many people believe, many people want a lot of theory before starting, and I think that was a big mistake.

You are obviously missing the point because I did not mean that someone should start with Bitcoin to fail before he learn. That is not the picture I was painting. You cannot start something like Bitcoin without getting the BASIC knowledge. Investing in Bitcoin requires that you know how to send/receive, how to setup  and protect your wallet and other sensitive information. With this you can start accumulating Bitcoin and managing your portfolio. You don't need to know the deep things like codes and the rest of them before you become an investors. While such knowledge is good, it is not  all that is required to be able to hold Bitcoin, deal with FOMO and greed and become successful as a Bitcoin investor.

There is actually no end to know, meaning you can always go for the deep knowledge even after being invested in Bitcoin.

An overwhelming majority of early investors (those who just start) in bitcoin are  not going to learn how to send and receive prior to getting into bitcoin, and they are likely going to get price exposure through some third parties of some sort, so even though I personally believe that self-custody is important, it is not a prerequisite in terms of getting the fuck started..   Probably the most important thing to get started is just to make sure that you have enough cash, such as $10.. and then the second thing is to learn how to buy it and then store it, whether it is on exchange or otherwise, and then as you are perhaps figuring out your budget, such as if you can continue to buy $10 per week and/or to increase to higher amounts such as $100 per week, you can learn about some of the various nitty gritties, and even if someone gets started and starts to fairly aggressively DCA into bitcoin, such as $100 per week or higher or even 10% of his/her income or higher, then maybe it still might take several months before building up a sizable enough of an amount that it might be necessary to go into self-storage.. ..

 and sure those who decide to lump sum invest into bitcoin, such as 10% or more of their annual salary, then maybe those people might need to figure out self-storage at a much earlier stage.. and surely one of the things to learn is the differences between bitcoin and all the rest, but even that can take a long time to figure out, so I doubt that knowing that bitcoin is the best or figuring out why bitcoin is the best is any kind of prerequisite, either, even though surely if someone is distracted into diluting their bitcoin investment by fucking around with bitcoin, then they may well take themselves down various distraction paths, and it is on them to figure out those kinds of matters sooner rather than later, rather than becoming shitcoiners who are gambling, distracted, mislead and perhaps dumb in several ways.... so getting some kind of a focus on bitcoin is good.. but probably getting started is better.. and hopefully don't be buying too many shitcoins in the beginning.. no more than 10% at most, and at the same time, hopefully mostly focusing on figuring out bitcoin in order to realize that there is little to no need to continue to stay involved in shitcoins, if such people might have been inclined towards shitcoins.. and surely some people start out with more of a gambling mentality and perhaps more gullible towards the false and misleading shitcoin talking points, but still I doubt that those are reasons to suggest that they should not get started in bitcoin sooner rather than later...and I am not even suggesting to get started in shitcoins, even if some newbie normies are going to have more of those kinds of tendencies.

[btc78]

If you haven't invested in bitcoin yet, you should try and do so, if you have the resources so that you can feel the vibes that am feeling right now.

Let's discuss.

We often hear/read people here telling advise about "You Must learn first before investing" but for me ? one thing that always matter that I already experienced . why not instead of doing that is "Invest first while Learning" as long as that amount are what you can afford to lose.

Try to Imagine that you invested in bitcoin when the price is 30k , then you start learning and study , after few years price grows to 100k and your knowledge then is completely about bitcoin then your profit can be used for another strategy right?
that is how I see the best in bitcoin learning and yes earning .

if you have no proper knowledge about bitcoin or the market in general you might panic and pull out your holdings once the value decreases not knowing that that’s just how the market works you need to be patient to generate the maximum profit possible

everyone says to only invest what you can afford to lose and i agree but still it’ll be nice to learn the basics first regarding cryptocurrency and lessen the risks in investing

[Sim_card]

I think there is need to invest for them, rather teach them how to invest for themselves. Because dey might end up screwing you up. Thinking you have swindle there money without knowing that crypto is not for the week. It's a self deceplinary kind of thing which is more like a gambling. If you win you win if you loose you loose.
Investing for someone should be on purpose or matured minded set of people who really do understand what crypto is all about.

You are correct on that one because irrespective of how we may feel is important for people to start investing on Bitcoin but it doesn't mean that we should allow people to invest under us, although it all depends on individual because there are people who helps those that has know knowledge about investment to invest under them.

You can help someone very close to you to invest in bitcoin if he persist he must invest or after when you have introduced bitcoin to that person he accepts to invest. You don't need to deprive him from investing in bitcoin as long as you have told him that it should be a long term investment. For example, if your dad or mom has a reasonable amount of funds and they are interested to invest in asset like gold, bond and stock, if they accepts then why wouldn't you help them to invest when you know that bitcoin will bring better profit for them in the long run than other assets. After all, parents leave their businesses for their children to manage when they see that he is capable of running it to ease them from much stress. Apart from these set of people, it is not cool to help someone invest in bitcoin, to avoid their worries from the urge of profit.

I think taking investing and  learning for beginners is not the best start. Beginner have lots of mindset toward bitcoin that are not real.  Most beginners don't really know much about the volatility of the market.

JJG has already said it all that one only need the basic knowledge to get started, which is to know to buy bitcoin and prepare the amount that you will use for regular DCA that will not jeopardise with our other expenses. Lastly, is to make sure that you are investing for a long term so that you will be faced with less risk and all beginners who have plans to accumulate for more that four years and above don't need to worry about the market, so that he doesn't get distracted since he is new in the game.