Knowledge vs hodlings

[Mia Chloe]

Is Bitcoin hodling more important? well I have read a couple of post which always talk about owning Bitcoins which is definitely a good idea especially as someone in the crypto space however will hodling Bitcoin be important without proper understanding of Bitcoin and the crypto space? Of course not. Now before I got to know about Bitcoin talk I had heard a lot about Bitcoin and due to the vague information I had gotten without research I joined the group of person who thought Bitcoin was a get rich quick scheme or scam therefore I was limited by that idea. However joining this forum brought me a good sense of understanding of what the crypto space is about. Now my point is Bitcoin can always be owned as well the knowledge can also be gotten how ever it is of optimum importance to first understand Bitcoin  because;
 
1. Understanding Bitcoin first gives you a more solid knowledge of security. and this is very important to avoid loss of funds.

2. It gives you a stronger sense of marketing especially for those who hold for sales during bull. it will give you the strategy of knowing when to sell and hodl.

3. It helps you understand the power of decentralization and it's benefits to you as an investor amongst many others.
Generally it takes someone with good knowledge of Bitcoin to scam or hack someone with hodlings so how can one counter Bitcoin fraud or asset loss without proper understanding of Bitcoin?
lastly you can always earn Bitcoins once you have a solid knowledge of it .you can even earn Bitcoins indirectly by teaching others or even running a local exchange and lots more. so newbies out there do not rush into buying Bitcoin without first understanding  Bitcoin which can even be done by engaging in important discussions on the forum expecially those of experts and experienced investors. remember knowledge is power.
Good luck mate don't forget to keep your keys safe 😁

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[Turn it off]

so newbies out there do not rush into buying Bitcoin without first understanding  Bitcoin which can even be done by engaging in important discussions on the forum expecially those of experts and experienced investors. remember knowledge is power.

You’re also a newbie just like me and you said something about joining discussions and yet you hardly ever reply any of your threads it looks like all you do here is to drop a topic and then move on to the next on you don’t reply to comments on your thread neither do you reply to other people threads all I see you doing here is to drop a thread behaving as if you really want newbies like myself to learn not knowing that you only just want to earn merits. Why don’t you take your one advise and join discussions yourself, remember knowledge is power.

[Solosanz]

Don't make it complicated, just try to understand fiat and compare it with Bitcoin, you will know the reason why you must holding Bitcoin.

lastly you can always earn Bitcoins once you have a solid knowledge of it .you can even earn Bitcoins indirectly by teaching others or even running a local exchange and lots more.

Having knowledge about Bitcoin doesn't make you able to earn, it's just a currency. What you're need to learn is a hard skill that you can work and get paid from someone e.g. design, programmer etc. No one want to use unknown local exchange that charge high fees, they prefer to use centralized exchange.

[Cantsay]

The most basic and helpful advice I have read here for newbies that just got into bitcoin and is looking for where to start from is you don’t need to know everything about bitcoin before you can start investing, just learn how to buy and how to not lose your coins” I have forgotten who wrote this text but I feel that newbies that want to just hold bitcoin don’t need to start learning the technical part of bitcoin, just start with security and keep your coins safe.

[Hatchy]

I couldn't understand some parts of your thread op, but in summary I guess knowledge is the best advice to anyone out there who want to go into Bitcoin investment. Without knowledge, you are exposed to potential risk which might make you regret ever using Bitcoin. A lot of people has this thinking that Bitcoin is a get rich quick scheme, but of course it isn't. You make profit from how much you invested into Bitcoin. so I still don't know why some of them still have that wrong idea about Bitcoin investment. It's very important to learn from people who are genuine experts of Bitcoin technology and not people who has just a little idea of it and goes out there impacting the wrong information about Bitcoin to other.

[Pmalek]

It's a bit of a weird question to be honest. It's like asking is it better to have knowledge of how to be healthy or being healthy? What good does knowing the theory of how to live and stay healthy do to you if you are sick, unhealthy, and dying? Very little. If you are talking from a take-profit perspective, it's easy for you to see if your investment brought you profit without much underlying knowledge.

For anything more serious, you are going to have to understand the theory and the reasons everything works and is set up the way they are.

[cryptoaddictchie]

Don't make it complicated, just try to understand fiat
Having knowledge about Bitcoin doesn't make you able to earn, it's just a currency. What you're need to learn is a hard skill that you can work and get paid from someone e.g. design, programmer etc.

Maybe having a little knowledge about bitcoin could give you an edge too. Take for example knowledge on cryptocurrency. You could make money by participating on some campaign, testnet or airdrops. So its not a total waste in my opinion. But you are right its just a currency amyway and to learn skills is what we must have prioritize to grow and make money out of it. But deepining your knowledge extensively aside from the skills will make your time worth more while in earning those money.

[Mia Chloe]

so newbies out there do not rush into buying Bitcoin without first understanding  Bitcoin which can even be done by engaging in important discussions on the forum expecially those of experts and experienced investors. remember knowledge is power.

You’re also a newbie just like me and you said something about joining discussions and yet you hardly ever reply any of your threads it looks like all you do here is to drop a topic and then move on to the next on you don’t reply to comments on your thread neither do you reply to other people threads all I see you doing here is to drop a thread behaving as if you really want newbies like myself to learn not knowing that you only just want to earn merits. Why don’t you take your one advise and join discussions yourself, remember knowledge is power.

As a newbie you should have noticed you will understand better when you avoid unnecessary posts , read more  and ask questions why repeat something when more than 15 persons have said same thing and besides discussions are to improve understanding no to be abused as a group chat that you reply all messages
For the record I do reply post but I only do so when I deem necessary

[Z-tight]

Generally it takes someone with good knowledge of Bitcoin to scam or hack someone with hodlings

That is not exactly true all the time, let's say you expose your seed phrase or private key, anybody with even the smallest knowledge of BTC would be able to import your wallet into their local device and spend your funds. But in a more difficult attack, take note that all the hacker needs is your keys or seed phrase, so they don't have to be BTC geniuses, they simply have to be skilled in hacking and social engineering to be able to compromise your device and steal that keys. Were BTC knowledge will come in for the attacker is in how and where they move the funds and if they are able to never connect the stolen funds to their identity.

[Turn it off]

so newbies out there do not rush into buying Bitcoin without first understanding  Bitcoin which can even be done by engaging in important discussions on the forum expecially those of experts and experienced investors. remember knowledge is power.

You’re also a newbie just like me and you said something about joining discussions and yet you hardly ever reply any of your threads it looks like all you do here is to drop a topic and then move on to the next on you don’t reply to comments on your thread neither do you reply to other people threads all I see you doing here is to drop a thread behaving as if you really want newbies like myself to learn not knowing that you only just want to earn merits. Why don’t you take your one advise and join discussions yourself, remember knowledge is power.

As a newbie you should have noticed you will understand better when you avoid unnecessary posts , read more  and ask questions why repeat something when more than 15 persons have said same thing and besides discussions are to improve understanding no to be abused as a group chat that you reply all messages
For the record I do reply post but I only do so when I deem necessary

Counting the post in the first page in your post history I discovered that out of 20 posts 14 are new threads, so how does that shows that you’re interacting with your threads?
I think it’s now obvious what you’re trying to do here which is to fish merit by masking yourself as if you have newbies in mind, I am sure you’ll still come up with a different topic before the day runs out and let me guess the new title will be “never give up newbie” or “tips on how to survive and achieve legendary rank as a newbie” meanwhile you have just 11 merits.

[kingvirtus09]

On the subject that you made an op, I think that Knowledge and Holdings are they against each other? or should they be resisted? This is what came to me in the title you made. As if the title you explained is not correct.

Because I think knowledge is needed in holdings. If you don't have knowledge of a cryptocurrency asset that you want to hold, the coins that you choose will surely be a useless garbage. But if you have knowledge about Bitcoin or other crypto you can choose the right coins that you want to hold.

It's easy to hold, the hard part is that you don't know if the asset you're holding is right because you have no knowledge of it. Did you get my point op?

[Outhue]

For me, knowledge is every thing in life.

It's a fools way when you think that money is everything, let me explain.

You can easily get your hand on some hefty money, and mismanage everything.

You can have money and decide that you will invest in coin and go to any crypto exchange and get scammed.

You can also visit a popular exchange and buy Bitcoin for a higher price than it is presently.

You lack one thing in common, that's Knowledge.  

Nothing beats knowledge in this life, it's like a horse that moves you around from one location to another, and if the horse is not feed well it will grow weaker and thinner.

Nurture your knowledge from time to time, you will grow bigger than those who feel like they are already filled with enough Knowledge because Knowledge is unlimited.

I will like to strongly advise readers to love learning more than anything else, because everything else should come after Knowledge, know this and nurture yourself in knowledge,  then see yourself grow.

[pinggoki]

The most basic and helpful advice I have read here for newbies that just got into bitcoin and is looking for where to start from is you don’t need to know everything about bitcoin before you can start investing, just learn how to buy and how to not lose your coins” I have forgotten who wrote this text but I feel that newbies that want to just hold bitcoin don’t need to start learning the technical part of bitcoin, just start with security and keep your coins safe.

Totally agree, before dealing with the complexities of the matter getting into it first should be the one that they should worry about because they haven't even tried it yet, it's like cooking, you don't have to worry about the spices and how long you're going to mix it, ready your mise en plus and start the fire first. The thing that they should always remember as a newbie is that deal with it when you're finally encountering it.

[knowngunman]

If you have means to acquire bitcoin despite not having knowledge yet, you should do it because owning bitcoin will not limit you from acquiring the knowledge but having knowledge without owning a bitcoin is as good as nothing. It's actually important to seek for the knowledge of what you are about to invest in but you don't necessarily need to know everything before you begin to invest and own a bitcoin. You can not know it all no matter how you learn but you will begin to understand how it works gradually since you already invested and you won't like to be ignorant of what you're holding.

[lovesmayfamilis]

As a newbie you should have noticed you will understand better when you avoid unnecessary posts , read more  and ask questions why repeat something when more than 15 persons have said same thing and besides discussions are to improve understanding no to be abused as a group chat that you reply all messages
For the record I do reply post but I only do so when I deem necessary

They made a reasonable remark to you, but you snapped back and did not continue the discussion with other users. I also consider all your posts to be just ordinary fishing, but I in no way blame you. If on topic, then I disagree. So what if a person knows that Bitcoin is cool but, in reality, will not be able to practice with it? Practice is always important for me. A person can invest in Bitcoin with a minimum of knowledge, including the storage rule, and then use DCA, again learning how to avoid mistakes during transactions. And in the meantime, at your own discretion, study certain aspects of crypto, in particular Bitcoin. I liked the health comparison. What would you personally prefer: knowledge about health or having health?

[Nrcewker]

Never invest anywhere or in any asset without having a proper knowledge. At the end of the day it’s your hard earned money which is being invested. So if you don’t do proper research on the platform where you investing or in the asset in which you are investing , then definitely there is chances that you might lose the money. So yes in case of Bitcoins this also applies. So before buying any Bitcoins, it is a must to acquire knowledge about it. How Bitcoins works, how to buy, how to store them safely, where to buy, these are the basic things that you need to know at least in order to start investing in Bitcoins.

[mindrust]

Knowledge and holding (wealth) complete each other. A person may have lots of wealth but if he doesn't have any knowledge, he will soon spend his wealth on the stupid stuff which he don't really need about and then he will end up poor. A wise guy on the other hand, knows how to manage risk and he is definitely not going to buy the stuff he won't really need. So when it comes to bitcoin, a person that is well informed about bitcoin will definitely hold is for a long time because he really understands what bitcoin is all about. Power without knowledge is never a good thing.

[Luzin]

Knowledge and holding (wealth) complete each other. A person may have lots of wealth but if he doesn't have any knowledge, he will soon spend his wealth on the stupid stuff which he don't really need about and then he will end up poor. A wise guy on the other hand, knows how to manage risk and he is definitely not going to buy the stuff he won't really need. So when it comes to bitcoin, a person that is well informed about bitcoin will definitely hold is for a long time because he really understands what bitcoin is all about. Power without knowledge is never a good thing.

This is the thought of a person who understands how he has a future. Because his life is not only one or two days. But it turns out that many people who choose it to become king in one day and have a hard time when everything is up. Overwhelming temptation makes people who lack lustful resistance prone to this mistake. So I totally agree with your opinion that knowledge becomes a major factor in making decisions.  But there are indeed some knowledge that will be outweighed by important needs, even I always think about withholding. But I always give up when an important need related to life comes along and I don't have any more money, I will take it off.

[yudi09]

As a newbie you should have noticed you will understand better when you avoid unnecessary posts , read more  and ask questions why repeat something when more than 15 persons have said same thing and besides discussions are to improve understanding no to be abused as a group chat that you reply all messages
For the record I do reply post but I only do so when I deem necessary

There is nothing wrong with every comment that has been given by several users before you reply like this.

I appreciate anyone's posts, including yours, as long as the message written can invite active discussion that is in harmony with the situation and is in accordance with the subject that does not deviate.
Honestly, before creating a topic, first make sure what the content will be written so that readers can understand it well.

Not too much knowledge about bitcoin is also not a problem. The knowledge in question is about the advantages of bitcoin (functions and uses) which can make it easier for someone when there is FUD directed at bitcoin by people who hate bitcoin. The rest is about the technicalities of securing bitcoins in the wallet used.
For me personally, such knowledge about bitcoin is sufficient.

[Baofeng]

1. Understanding Bitcoin first gives you a more solid knowledge of security. and this is very important to avoid loss of funds.

For my case, this is not the first thing that I learned, but eventually, I understand the difference between custodial and non-custodial wallet. And from then on, I study about security and safety hygiene on how to protect your wallet and your bitcoin.

3. It helps you understand the power of decentralization and it's benefits to you as an investor amongst many others.

Decentralization though might be an overstatement, we have heard it a lot in the beginning and we thought that this might be the reason why people are into Bitcoin and crypto in general. But once Bitcoin become a investment scheme, a store of value, money, then it changes the complexion of decentralization. The priority now is how to make more money since it's already a class asset, in my opinion.

[mvdheuvel1983]

so newbies out there do not rush into buying Bitcoin without first understanding  Bitcoin which can even be done by engaging in important discussions on the forum expecially those of experts and experienced investors. remember knowledge is power.

The common advice in the crypto space is to get knowledge before investing. That it is important to understand it as a whole before investing in Bitcoin. In reality, this is not what happens or how it plays out. How it works is that we heard about Bitcoin, invested first, and asked questions later. However, at what point should we say that we have had proper knowledge and understanding to go ahead and invest in Bitcoin.  I think that it is when the individual feels that they are ready and I am also not against those who invest first and ask questions later. They'll learn the security , decentralization, and others on the "job".

[OcTradism]

1. Understanding Bitcoin first gives you a more solid knowledge of security. and this is very important to avoid loss of funds.

Good topics on security and privacy
Bitcoin security and resources

2. It gives you a stronger sense of marketing especially for those who hold for sales during bull. it will give you the strategy of knowing when to sell and hodl.

If you are simply a Bitcoin investor, holder, you don't need to make any marketing effort.

Bitcoin is not a pump and dump cryptocurrency like altcoins and its bull run is very organic. You don't need to marketing to pump and dump Bitcoin and as a small investor, your capital is not big enough do succeed. You can easily enter and exit the market with your small capital even you don't have to create any manipulation game.

[Kakmakr]

Well, knowing how to differentiate between Bitcoin (BTC) and other tokens that are similar in name, like Bitcoin Cash (trash) are one step in the right direction. I have heard about several people who have bought bitcoins at a supposed "bargain" price... only to find out that they have bought Bitcoin Cash. 

Also, people say they are buying bitcoins, when they are actually buying into some Ponzi scheme that are using Bitcoin as a payment option. So knowledge will help you not to make those mistakes. 

[Minecache]

Don't make it complicated, just try to understand fiat and compare it with Bitcoin, you will know the reason why you must holding Bitcoin.

lastly you can always earn Bitcoins once you have a solid knowledge of it .you can even earn Bitcoins indirectly by teaching others or even running a local exchange and lots more.

Having knowledge about Bitcoin doesn't make you able to earn, it's just a currency. What you're need to learn is a hard skill that you can work and get paid from someone e.g. design, programmer etc. No one want to use unknown local exchange that charge high fees, they prefer to use centralized exchange.

I completely agree with you that we all need skills and stable paying jobs outside. I don't know if you are entering the market as an investor or a user who just sees bitcoin as currency. But you also need to accept the fact that bitcoin is also considered an investment that can bring profits to everyone. So I disagree when you say that having knowledge about bitcoin will not help us make profits. I even doubt that bitcoin is unlikely to become a world currency, but for it to become a commodity, an asset that can be traded for profit, it has already happened.

[Faisal2202]

Counting the post in the first page in your post history I discovered that out of 20 posts 14 are new threads, so how does that shows that you’re interacting with your threads?
I think it’s now obvious what you’re trying to do here which is to fish merit by masking yourself as if you have newbies in mind, I am sure you’ll still come up with a different topic before the day runs out and let me guess the new title will be “never give up newbie” or “tips on how to survive and achieve legendary rank as a newbie” meanwhile you have just 11 merits.

Someone is spitting facts. Well, that's a lot of threads in comparison to the replies that OP made in them. It is nothing but a try-to-fish merits. I don't want to hurt anyone's feelings here, especially of OP because I can not accuse anyone on the basis of a huge number of topics in comparison to lesser replies on them. Because sometimes, an OP makes a topic and gets an answer on one of his topics and avoids replying so that the topic would be buried under other new topics. But we can conclude many possibilities here and that's why I don't want to jump to conclusions and for those who are going to against me (I am neutral here). And OP, you should try to engage in your topics.

As topics could be of any category (i.e. questions, or informative). In both cases, the best practice is to engage with your audience.

[Blitzboy]

Many people enter into crypto because they hear they can get rich fast, but they don't understand shit. It's smart to study Bitcoin's fundamentals before "hodling". You don't just start driving without studying the road regulations and how the car operates.

I agree with your security remarks. The decentralisation of Bitcoin makes it different from banks. And with great power (of controlling your own money) comes great responsibility (to safeguard it).

You have a positive outlook; the group has helped you understand. Share your knowledge and assist novices navigate these perilous seas. As you noted, being aware can protect you from scammers and give you true opportunities.

[Fiatless]

1. Understanding Bitcoin first gives you a more solid knowledge of security. and this is very important to avoid loss of funds.

Investing in bitcoin without knowledge is the easiest way to lose your funds. I assume it is like buying a car without going to a driving school which will lead to an accident or hiring a driver. I can assume the crash to be a loss of funds, while hiring a driver can mean keeping your money in a centralized exchange which also has a negative consequence.

2. It gives you a stronger sense of marketing especially for those who hold for sales during bull. it will give you the strategy of knowing when to sell and hodl.

Does one really need to learn about marketing to invest on Bitcoin? The market has enough liquidity which means that you can buy or sell your coin anytime. You don't need to market your coin to sell it. All you need to do is to have an investment plan that contains the price you will be willing to buy or sell. You just have to monitor the market and execute your plan when it gets to your projections.  

3. It helps you understand the power of decentralization and it's benefits to you as an investor amongst many others.

Decentralization gives investors the power to own and control their investments. The beauty of decentralization is the freedom to invest without any intermediary or middleman.

[Bitstar_coin]

The majority of people hodling btc don't have full knowledge about btc besides the basic knowledge yet they hold and trade it comfortably, their goal is to be able to make as much profit from their investment as possible, details about btc tech and its importance is not of great benefit to them.
This one good thing about btc, all you need to be in the game is the basic knowledge of buying btc and either hodl it for future benefits, use it for transaction purposes, or flip it in a short while. However, it all depends on individual interests, some people are very keen on understanding the whole tech behind btc existence, while others are only interested in the profit making aspect. Having full knowledge about btc can be very beneficial and go a long way to improve one's investment choices and success.

[dothebeats]

Many people enter into crypto because they hear they can get rich fast, but they don't understand shit. It's smart to study Bitcoin's fundamentals before "hodling". You don't just start driving without studying the road regulations and how the car operates.

I agree with your security remarks. The decentralisation of Bitcoin makes it different from banks. And with great power (of controlling your own money) comes great responsibility (to safeguard it).

You have a positive outlook; the group has helped you understand. Share your knowledge and assist novices navigate these perilous seas. As you noted, being aware can protect you from scammers and give you true opportunities.

I agree with you. Although there is nothing wrong to share how much crypto has helped individuals to attain financial stability and get rich it has a negative part wherein people who often hear/read/find out about this have no idea how much effort, time and knowledge it takes to reach that kind of success in crypto. Hence, when they get blinded my these stories and they do not reach heights of success others did they will complain and blame those who shared their story.

[kryptqnick]

It's possible to successfully invest in something without really understanding it, invest just because you can see it's going up over time. But long-term, there will be obstacles along the way, and without having one's own understanding of Bitcoin and belief that it has potential, I think a person is more likely to panic sell. Add to that the risk of losing the money because of being unaware of the risks of keeping it on centralized platforms (point #1 of the op), and knowledge clearly becomes important. That being said, there's no need to dive very deep into how Bitcoin works to start investing in it and/or using it.

[Asta124]

How can anyone invest in something without knowing anything about it first? that's ridiculous in my opinion. For me now it would be better to invest and hold Bitcoin 2 years later than to not know everything in advance.

1. More than 1 in 3 cryptocurrency investors know little to nothing about it, survey finds
2. ‘I put my life savings in crypto’: how a generation of amateurs got hooked on high-risk trading

The 2 articles above don't specifically discuss Bitcoin but crypto in general, in the first article it was found that more than 1 in 3 investors in crypto don't know about crypto then the second is about the story of an amateur who was only tempted by the profits but didn't know anything that resulted in her investment in crypto is destroyed.

The moral message that can be taken from those two articles is that as an amateur you should have knowledge first before actually holding whether it is Bitcoin or other coins or tokens.

[red4slash]

It's possible to successfully invest in something without really understanding it, invest just because you can see it's going up over time. But long-term, there will be obstacles along the way, and without having one's own understanding of Bitcoin and belief that it has potential, I think a person is more likely to panic sell. Add to that the risk of losing the money because of being unaware of the risks of keeping it on centralized platforms (point #1 of the op), and knowledge clearly becomes important. That being said, there's no need to dive very deep into how Bitcoin works to start investing in it and/or using it.

Knowledge is indeed the source of everything that will make us successful later, including in this investment. I agree with you that when we do not have a thorough knowledge of bitcoin it will create the potential for someone to make panic sales when something happens to bitcoin, such as experiencing a very deep decline. I will not talk about other people in this case, because I myself was in the same situation when I first learned about and entered to invest in bitcoin. But over time and with more experience, things like panic start to disappear by themselves, and in the end we have stronger confidence in our investments.

[Hamza2424]

Bitcoin is not a shortcut and holding Bitcoin is good but everyone has their own views on how they actually want to take Bitcoin as their investment bank, as their life's financial shortcut as their way of earning a living, or as a complete package of their financial problems. I think OP what you are talking about is important that a person who entered the Bitcoin and crypto market to obtain something substantial should learn about the basics of the market and then start exploring the other aspects as well, For successful business owners with substantial assets, finding secure ways to manage their wealth is paramount. Bitcoin, recognized as a reliable store of value, often comes to mind as a solution. However, these individuals may not have the time or necessity to delve deep into the complexities of the cryptocurrency market.

Considering their existing promising opportunities in business, a basic understanding of Bitcoin's financial characteristics is typically already in place. The decision to explore the broader cryptocurrency landscape depends on their individual needs and circumstances.

[tabas]

In general, in every investment, technology or anything that you wanna to get involved and venture, it is a basic need to have the knowledge of it. Even the most basic ideas and knowledge are required for you to understand what you are up to and what's happening with that venture you've just taken. While we also see people diving into Bitcoin without proper knowledge and they've just heard it somewhere that it's okay to do that because all they need to do is to hold. If we're going to analyze that, that's already basic knowledge because of what they've heard from other people and that shortcut and basic idea could bring them to the right path. It is because that will push them to learn and understand more about it once it is already on their hands. I'll compare this to online courses, if you've taken free courses - you won't be pushy about it and won't probably care to finish that in time because you've acquired that for free. And with paid ones, you're obliged to finish it and it is on your mind that you need to get its worthiness because you pay hefty money on it.

[michellee]

Knowledge and holding Bitcoin are both very important and interconnected. If you only have knowledge about Bitcoin without holding Bitcoin, you are not training yourself to become a strong Bitcoin holder. And if you just hold Bitcoin without knowledge, you also won't be able to become a strong Bitcoin holder.

You will only panic and not be calm in holding Bitcoin because of price changes. You also won't be able to know how to overcome the panic or when you can buy Bitcoin again during a downturn. And they could lose their Bitcoin because they don't know how to hold Bitcoin properly.

And if you have knowledge, you will be calm even though Bitcoin price changes always occur. You can also buy Bitcoin at low prices. You can also become a strong Bitcoin holder, where people might find it difficult to become a Bitcoin holder.

[Agbe]

Newbie with this king writing? Op, from your articulation, you are not a newbie. But that not withstanding, from your first question on bitcoin hodling, yes bitcoin is very much important to be hodled but you have know the advantages and disadvantages of the investment process which also inclusive the risk involved. Holding bitcoin without understanding the asset will different make the investor loss coins because he or she will be afraid of the volatile nature of it and will be panicking to sell them when it has not reach to sell. Till today there are some people are still thinking that bitcoin is for scam or a quick get rich scheme. Bitcointalk forum has helped many people to understand the core meaning of bitcoin and also to avoid scam. The basic knowledge of bitcoin is needed in the investment.

[uneng]

I guess this thread talks more about holding vs. trading than holding vs. knowledge, because to have knowledge doesn't mean you are going to be a successful trader, since this activity doesn't rely only on skills, but also on luck. Nobody can predict future outcomes in crypto market with accurate timing, and in trading accurate timing is a must. Therefore, holding is much better, because you don't have to worry about selling and buying BTC in time. There will be always a wider margin you can work with, and that will always work in your favour on long term.

[letteredhub]

so newbies out there do not rush into buying Bitcoin without first understanding  Bitcoin which can even be done by engaging in important discussions on the forum expecially those of experts and experienced investors. remember knowledge is power.

You’re also a newbie just like me and you said something about joining discussions and yet you hardly ever reply any of your threads it looks like all you do here is to drop a topic and then move on to the next on you don’t reply to comments on your thread neither do you reply to other people threads all I see you doing here is to drop a thread behaving as if you really want newbies like myself to learn not knowing that you only just want to earn merits. Why don’t you take your one advise and join discussions yourself, remember knowledge is power.

As a newbie you should have noticed you will understand better when you avoid unnecessary posts , read more  and ask questions why repeat something when more than 15 persons have said same thing and besides discussions are to improve understanding no to be abused as a group chat that you reply all messages
For the record I do reply post but I only do so when I deem necessary

Counting the post in the first page in your post history I discovered that out of 20 posts 14 are new threads, so how does that shows that you’re interacting with your threads?
I think it’s now obvious what you’re trying to do here which is to fish merit by masking yourself as if you have newbies in mind, I am sure you’ll still come up with a different topic before the day runs out and let me guess the new title will be “never give up newbie” or “tips on how to survive and achieve legendary rank as a newbie” meanwhile you have just 11 merits.

Interestingly @turn it off, is really making a point and op if I was to be you I'll steal some cent from his criticism and change my approach to discussions and op posts. Jumping into dropping one op post just after the next one only sends a message that you are not interested to learn, kinda like you're an autarchy on your own within the forum.

The forum is not a music industry where you come in drop one album and  immediately you start preparing for the next dropping. If things are done that way the forum will be boring and challenging to every newbie but when we discuss and contest ideas, debating, agreeing and disagreeing in a sensible and healthy discussions we all learn from each other as a forum

[RockBell]

Well, knowing how to differentiate between Bitcoin (BTC) and other tokens that are similar in name, like Bitcoin Cash (trash) are one step in the right direction. I have heard about several people who have bought bitcoins at a supposed "bargain" price... only to find out that they have bought Bitcoin Cash. 

Also, people say they are buying bitcoins, when they are actually buying into some Ponzi scheme that are using Bitcoin as a payment option. So knowledge will help you not to make those mistakes. 

That's the issue people don't want to ask questions and they believe in their own knowledge, and that is why I always advise people aside from the research also have a mentor it will even make things easier for better understanding,  and there different altcoin that people even rush into it to buy neglecting the whole process of researching and asking questions. the story of how people end up buying bitcoin cash is just very funny and the person felt he was taking opportunity and when people hear about bitcoin they are always excited about how they have bitcoin because of the profit, not knowing that there is more to it.

[Eternad]

Knowledge can’t be compared to holding since they are not the same. Knowledge is important so that you can have a grasp on what really you are holding because holding blindly will always makes you weak minded when you are being tested of a downtrend movement.

If you have a good knowledge on what's you are holding, you don't what's happening currently whether bad or good since you will have a target for taking profit.

[abel1337]

It's true that learning everything is essential to to every investment, real estate, stocks and etc. But for me, you don't need to understand the whole concept of bitcoin at first before you invest. You need to learn how to buy and sell, and how to store it. It will surely take you sometime before you learn the whole concept of it by reading the white paper of bitcoin. If you are just here for profit, learning the basic is fine. In fact, I still don't know how bitcoin works technically, I mean on the deeper side of blockchain, thus I earned profit from bitcoin because I have it.

[GbitG]

Many people enter into crypto because they hear they can get rich fast, but they don't understand shit. It's smart to study Bitcoin's fundamentals before "hodling". You don't just start driving without studying the road regulations and how the car operates.

I agree with your security remarks. The decentralisation of Bitcoin makes it different from banks. And with great power (of controlling your own money) comes great responsibility (to safeguard it).

You have a positive outlook; the group has helped you understand. Share your knowledge and assist novices navigate these perilous seas. As you noted, being aware can protect you from scammers and give you true opportunities.

You are right, as the road of holding is not simple. I recently made a post on the same thing in which the OP was talking about his skeptical friend and how he was trying to accumulate BTC and wanted to accumulate 1 BTC. To him, it is possible for him to accumulate 1 BTC by simply doing DCA. And I was telling him that, after doing DCA and accumulating the BTC, You have to hold the Bitcoin that you gathered. Because it is indeed not a simple task to accumulate and then hold them. People think at first that they can make easy money and get rich overnight or in a year. But according to my experience, that's not possible for a newbie, but maybe when that newbie is gambling. In gambling, people can make money.

Knowledge is necessary if any person wants to hold or accumulate BTC. And after that, there is a security measure that holders have to take; if not, they are definitely going to lose that amount in no time. Better options and better practices must be followed.

[Yatsan]

Well, ofcourse knowing what you are engaging yourself with should be a must at all times. But if this is to weigh which is more important between having holdings or investing to knowledge, having the capacity to invest would still be the bottomline. If you won’t have enough capability to invest and hold, then your knowledge of this industry won’t be helpful on your end. This is why lazy privileged investors still earns profit ‘coz they have the financial capability to take the risk without prioritizing information; they’d be straightforward with trial and error. but since not all of us has this, and if the amount you would be investing would make you feel huge regret, then you should be doing extra efforts which is to study market price actions, managing the risks, and knowing when is the best time to enter in order to lessen the risk of losing. Obvious answer is to have both capabilities to invest and to know more about it.

Well, knowing how to differentiate between Bitcoin (BTC) and other tokens that are similar in name, like Bitcoin Cash (trash) are one step in the right direction. I have heard about several people who have bought bitcoins at a supposed "bargain" price... only to find out that they have bought Bitcoin Cash.  

Also, people say they are buying bitcoins, when they are actually buying into some Ponzi scheme that are using Bitcoin as a payment option. So knowledge will help you not to make those mistakes.  

That's the issue people don't want to ask questions and they believe in their own knowledge, and that is why I always advise people aside from the research also have a mentor it will even make things easier for better understanding,  and there different altcoin that people even rush into it to buy neglecting the whole process of researching and asking questions. the story of how people end up buying bitcoin cash is just very funny and the person felt he was taking opportunity and when people hear about bitcoin they are always excited about how they have bitcoin because of the profit, not knowing that there is more to it.

Yes, there are investors who cannot trust their own knowledge of this industry with regards to market analysis but can invest and endure losing which is why they are okay with relying to other’s beliefs of the next price movement, and that’s fine I guess as long as you’re ready with negative consequences.

[irhact]

So newbies out there do not rush into buying Bitcoin without first understanding  Bitcoin which can even be done by engaging in important discussions on the forum especially those of experts and experienced investors. remember knowledge is power.
Good luck mate don't forget to keep your keys safe 😁

It's good and an advantage when we understand Bitcoin because it helps us to stay aware from scammers that want to steal our Bitcoin. If you don't understand Bitcoin and how to protect it, you'll be a victim always as scammers will find way to scam you. Bitcoin shoudn't be stored on an exchange but if you don't have knowledge about Bitcoin you won't know this and exposed your coins to hack when you use centralized exchanges to save them.

While buying Bitcoin is important because when you waste time to buy Bitcoin, you can miss out on buying it cheap but also understanding Bitcoin and how to protect it from scammers is important too. Having Bitcoin without knowing how to protect it can make you lose it.

[khiholangkang]

From the characteristics of beginners that I studied in several cases, they bought bitcoin because of FOMO, either seeing someone in their environment who was making a profit from bitcoin or seeing the wealth of crypto influencers or other people's content that talked about and showed their assets increasing many times over in bitcoin.
It's rare for beginners to reset their assets before making a purchase, at most they only look for security to exchanges that are supervised by the government in their country, just go there and they immediately buy bitcoin without knowing what CEX/DEX is and where to store bitcoin. safely, even though some of them are former stock investors, because most of them are used to storage on the stock exchange.

It's good for beginners to research that far so that they have sufficient knowledge for asset management in the world of cryptocurrency, but I think it's gradual, I admit that exchanges are the main bridge to come into contact with bitcoin, gradually with the number of people like you who always give warnings to choose a safer place to store bitcoins, they will learn too, after some time holding bitcoins on exchanges.

[Aisha_jay]

Couldn't agree more! It's like stepping into a whole new world when you truly understand the intricacies of Bitcoin and cryptocurrencies. Knowledge is not just power; it's your shield against scams and your compass in this dynamic market.

Understanding the technology, the market sentiment, and the principles of decentralization can help you navigate the crypto waters with confidence. Plus, it's not just about buying and holding; it's about knowing when to act and when to patiently hodl.

So, to all the newcomers, don't just rush in; take the time to learn and grow your crypto IQ. It's an investment that pays dividends in the form of financial security and a deeper appreciation for the revolutionary potential of blockchain technology. Keep those keys safe and your curiosity alive!

[ZAINmalik75]

so newbies out there do not rush into buying Bitcoin without first understanding  Bitcoin which can even be done by engaging in important discussions on the forum expecially those of experts and experienced investors. remember knowledge is power.

That's good advice that you have given to the newbies, they should really not rush into buying the BTC because of hype or some FUD or FOMO. Just because they heard from someplace that BTC is going to go up in some time, now is the best time to take some entry. We should all avoid that. Whether we are newbies or not. We should not follow these market sentiments that take us towards loss.

We should first get knowledge of Bitcoin and blockchain technology, and then we should invest in Bitcoin. Some days ago, I read a topic in which an OP shared his story about how he knew a lot about BTC but was still afraid to invest in it. He also shared how he overcame his fear and thought that if he did not make or buy BTC, then how could he achieve success? We all know that knowledge alone is not enough. Experience is also necessary with it.

Knowledge is a great power, without knowledge, a person can easily be compromised. Even those who got hacked and scammed are the ones who have less knowledge about Bitcoin and blockchain technology. They didn't know that things don't work like that. For example, a friend said that someone asked him to pay money first in order to get the airdrop reward. I knew that was a scam, so I wanted him, and fortunately, he got saved. I am happy that he followed my instructions and saved himself, but most of the newbies become selfish and begin to think that we don't want them to make money, and that's why we are avoiding them.

[The Cryptovator]

The title should be "Knowledge & Bitcoin" instead of "Knowledge vs. Bitcoin". Whatever you are doing in your life, if you don't have proper knowledge about what you are going to do, then you won't be successful anyway. So it's also applicable for Bitcoin investment or holding. Without proper knowledge and research, you won't gain anything. Some people have luckily benefited from Bitcoin without proper knowledge, but it has happened very rarely. So we have to understand Bitcoin very well; we need to know when we should hold and when we should sell. That's a very important point for Bitcoin investors.

[usekevin]

It's true that learning everything is essential to to every investment, real estate, stocks and etc. But for me, you don't need to understand the whole concept of bitcoin at first before you invest. You need to learn how to buy and sell, and how to store it. It will surely take you sometime before you learn the whole concept of it by reading the white paper of bitcoin. If you are just here for profit, learning the basic is fine. In fact, I still don't know how bitcoin works technically, I mean on the deeper side of blockchain, thus I earned profit from bitcoin because I have it.

Some traders wil win with their holding capacity even though they lag with the crypto knowledge.I had some friends who had earned more during the Covid pump in the bitcoin price.They just holding their bitcoin over a decade,at the first five years they was offline to the crypto.After the 2017,they back to the crypto trading.Luckily they had recovered their old bitcoin wallet.You don’t believe my friends become the millionaire from the holding bitcoin in their wallet.In this they never made any hard work except the wallet recovery,in this the win was due to the long holding.

[Litzki1990]

At this time of the market everyone will advise you to buy bitcoins but no one will advise you to sell bitcoins. The longer you buy and hold bitcoins, the greater the potential for profit growth. But I don't want to contrast bitcoin hold and own knowledge here but buy bitcoin at right time by using own knowledge and hold for long time. To invest in Bitcoin you must have knowledge about Bitcoin. If you put your knowledge against you and decide to invest in Bitcoin and hold it for a long time, the chances of success are very low. Before investing you should know enough about investment. When you know enough about investments, you will be able to invest properly at the right time.

[icalical]

Is Bitcoin hodling more important? well I have read a couple of post which always talk about owning Bitcoins which is definitely a good idea especially as someone in the crypto space however will hodling Bitcoin be important without proper understanding of Bitcoin and the crypto space? Of course not.

Well, sure that having a deep knowledge about Bitcoin is more important than owning it, but it can happened in at the same time, holding Bitcoin while learning about it. It's never hurt to own small amount of Bitcoin while at the same time learning about the tech and details on the way. Moreover, when I see my assets grow in value it can be motivation to learn more about it.

[Odohu]

Is Bitcoin hodling more important? well I have read a couple of post which always talk about owning Bitcoins which is definitely a good idea especially as someone in the crypto space however will hodling Bitcoin be important without proper understanding of Bitcoin

You don't need to know everything about Bitcoin before you accumulate Bitcoin; just the basic knowledge of how to send and receive Bitcoin, how to secure your portfolio from hack and just few others. We don't have to make Bitcoin so complicated that it will appear like something reserved for the tech savvy guys, besides, our desire is to achieve mainstream adoption of Bitcoin.

If you view Bitcoin from the angle of investment, then through simple economics, you can see the huge return on investment that Bitcoin offers...this will make you hold and not necessarily how much you know about Bitcoin.

I am not saying that sound knowledge of Bitcoin is bad; it is good to have deep knowledge of Bitcoin as that will help you appreciate the technology behind Bitcoin and also the opportunities it terms of birthing a world where freedom is sacrosanct.  While knowledge is good and very important, it is not the only driving force that can make someone commit his fund and hold against the storms.

[lalabotax]

Is Bitcoin hodling more important? well I have read a couple of post which always talk about owning Bitcoins which is definitely a good idea especially as someone in the crypto space however will hodling Bitcoin be important without proper understanding of Bitcoin and the crypto space? Of course not.

Basically, everything requires knowledge before we do something new, especially when it comes to money. This is to further ensure our readiness to dive into it, invest not blindly, and also invest smartly, so that when the crypto market goes against our wishes, then we have the knowledge of what we should do. Investing without any knowledge at first becomes a blind investment. This is not very good, especially for beginners.

Knowledge in Bitcoin especially can also help you to make wise decisions even in difficult conditions. Not only that, the important thing is that we really understand when is the best time to take profits, so that we can feel the results of our investment. So you don't necessarily want to invest for several years. Because in Bitcoin investment, there are bullish and bearish cycles, so we have to understand both to determine when to buy and when to take profits.

[serjent05]

Knowledge about Bitcoin is essential.  It is also one of the driving factors why investors are holding BTC.  Through the acquired knowledge that Bitcoin is a good investment and will have the potential to increase in value over time, people will then start to accumulate and hold BTC in order to gain profit in the future. 

With knowledge comes belief.  If a person fully understands the economics of Bitcoin he will not get easily shaken by any news that gives a negative sentiment because the person will know that the negative sentiment will be temporary.

[Sim_card]

OP, are you trying to ask which one is better between having the knowledge of bitcoin alone and holding bitcoin. I will choose to hold bitcoin first because it is easy to buy bitcoin when you have the money and transfer it to your noncustodial wallet without a problem and since it is just holding of bitcoin. After that you can start learning his to keep your wallet safe from hackers. On the other hand, both of them is very important, which is having the knowledge of bitcoin and also to hodli bitcoin. This is because you will be able to be patient with your investment in the long run, and you will be able to monitor your investment, so that you can know when to buy and when to sell.

[panganib999]

You already said it. Knowledge without application is useless, application without proper information with what you're trying to invest your money in is dangerous. The best you could do for yourself is to arm it with the proper information that will help you navigate it with pure logic and without bias, so you can't be swooned nor influenced by anyone to make choices that are not yours. I would admit way back then I was easily influenced by peers who are also in the crypto scene. "Buy this, invest in that coin, drop that coin and buy this instead". And while I admit that I earned a good amount of money from that ordeal, it's still a risky ploy that could've costed me my whole holdings if not for the fact that they know what they are talking about. Regardless, this lack of proper knowledge about bitcoin encouraged me to take it seriously and learn more about it. Which paid off greatly and in dividends too!

[Vaskiy]

Knowledge about Bitcoin is essential.  It is also one of the driving factors why investors are holding BTC.  Through the acquired knowledge that Bitcoin is a good investment and will have the potential to increase in value over time, people will then start to accumulate and hold BTC in order to gain profit in the future. 

With knowledge comes belief.  If a person fully understands the economics of Bitcoin he will not get easily shaken by any news that gives a negative sentiment because the person will know that the negative sentiment will be temporary.

Agreed, people invest into bitcoin easily as everything can be done as if like adding a product to the cart and buying it. The goodness relies when the same is being executed in the right way. This means buying/investing into bitcoin will be done by everyone. When it comes to holding with patience, not everyone does it. This is where the knowledge have its role. Only with the knowledge acquired over time we'll get to know which is good and what needs to be done.

[jeraldskie11]

Investing in something without information is dangerous. We cannot find successful investors who have not enough information; most of them are knowledgeable. That is also true for Bitcoin; before you invest in it, you must first learn about it. If you don't know what you're doing and you own Bitcoin, you're probably gambling.

I didn't suggest you'd lose money if you invested in Bitcoin because I feel now is the best moment to do so, but it's hard to be successful if you don't know what you're doing. It's the same as "jumping into the ocean without knowing how to swim."

[Texac]

It's true that learning everything is essential to to every investment, real estate, stocks and etc. But for me, you don't need to understand the whole concept of bitcoin at first before you invest. You need to learn how to buy and sell, and how to store it. It will surely take you sometime before you learn the whole concept of it by reading the white paper of bitcoin. If you are just here for profit, learning the basic is fine. In fact, I still don't know how bitcoin works technically, I mean on the deeper side of blockchain, thus I earned profit from bitcoin because I have it.

I agree with you, beginners do not need to learn too much knowledge when starting out because theory is not enough for us to visualize and understand everything.  no matter how much knowledge we read, if we have not practiced or experienced it, we are still a newbie.  in my opinion, newbies should accept spending a small amount of capital to perform buying and selling operations to better understand how bitcoin works as well as better understand the concepts of storage wallets.  
besides, we should only invest a moderate amount of capital to monitor the market and become familiar with the market's volatility.  if we don't experience this knowledge, we will never understand it no matter how many theories we read.

[ChuckBuck]

It must have taken you some time to realise what the majority of us have known for centuries. It's better late than never, though. understand bitcoin is important. But you know what? You will always have more to learn, even with your increased knowledge. Don't settle in too much.

Security Knowledge: True, understanding Bitcoin helps in security. But don't assume you're unhackable just because you read a few forum posts. The hacker is learning everyday like you; so should your security measures.

Market Timing: Good luck with your "strategy" of knowing when to sell and hodl. Many have tried, few succeed. But only "hodler" has the highest winning percentages

Decentralization : Sounds like you've found a new buzzword. But is decentralization really "decentralized"? Many understand the words, but they act differently

While it's admirable to educate people, make sure your "solid knowledge" is indeed solid. The blind leading the blind isn't a great look. But hey, you're headed in the correct direction. Maybe maybe im a little bit mean but I am really happy that our community grow everyday

[posi]

Investing in something without information is dangerous. We cannot find successful investors who have not enough information; most of them are knowledgeable. That is also true for Bitcoin; before you invest in it, you must first learn about it. If you don't know what you're doing and you own Bitcoin, you're probably gambling.

I didn't suggest you'd lose money if you invested in Bitcoin because I feel now is the best moment to do so, but it's hard to be successful if you don't know what you're doing. It's the same as "jumping into the ocean without knowing how to swim."

Simply put, no one can be successful without adequate education and knowledge. We may not have a university degree, but to be able to do business or do any job, we need to have education and basic knowledge in that field.

Investing in bitcoin is the same, it is like all other fields, we need to have knowledge about it if we want to make money from it. Investing without knowledge is called gambling, winning or losing depends entirely on luck, our fate is no longer decided by us.

[Bitcoin_people]

It is most important to gain knowledge about Bitcoin before holding in Bitcoin. If you don't have proper knowledge about Bitcoin, then you will never be able to profit by holding it, that's why first of all you need to know the correct use of Bitcoin. There are some people who are new to cryptocurrency who want to use various get-rich-quick schemes and because of their lack of knowledge, they are forced to face losses. A general knowledge of the crypto space is definitely required before holding, and without skill, it is never possible to make a profit by investing in Bitcoins. It is necessary to acquire good knowledge about how to earn profit in Bitcoin and know how and when to invest. Moreover, if you do not know about the market at different times, then if you invest, there is a possibility of facing a lot of losses, so it is better to have an idea about it. After knowing everything if bitcoin investment and holding is good and it is possible to get good profit from it in future, the most important thing for holding is to gain knowledge about crypto space.

[martinex]

It is most important to gain knowledge about Bitcoin before holding in Bitcoin. If you don't have proper knowledge about Bitcoin, then you will never be able to profit by holding it, that's why first of all you need to know the correct use of Bitcoin. There are some people who are new to cryptocurrency who want to use various get-rich-quick schemes and because of their lack of knowledge, they are forced to face losses. A general knowledge of the crypto space is definitely required before holding, and without skill, it is never possible to make a profit by investing in Bitcoins. It is necessary to acquire good knowledge about how to earn profit in Bitcoin and know how and when to invest. Moreover, if you do not know about the market at different times, then if you invest, there is a possibility of facing a lot of losses, so it is better to have an idea about it. After knowing everything if bitcoin investment and holding is good and it is possible to get good profit from it in future, the most important thing for holding is to gain knowledge about crypto space.

Actually it lies in a person's guts actually. Even if he is smart, if he has no intention of investing in BTC, it is just empty talk. Yes, the basic BTC investment formula must be remembered for a rather long period of time, at least 1-2 years because the most optimal investment pattern is long term. Yes, with capital and courage. If the pattern used is long-term investment (Hodl) I think that's all. It doesn't matter.

[Bebe22]

Is Bitcoin hodling more important? well I have read a couple of post which always talk about owning Bitcoins which is definitely a good idea especially as someone in the crypto space however will hodling Bitcoin be important without proper understanding of Bitcoin and the crypto space? Of course not.

Now my point is Bitcoin can always be owned as well the knowledge can also be gotten how ever it is of optimum importance to first understand Bitcoin  because;

To be honest OP, I get what you're saying "Knowledge is power, don't rush, make sure you know very much what you're doing before you do it"... but I think the title of your post should have been " knowledge before hodling " perhaps, or something of that sought cause, your title suggests that we should pick one and leave the other, but they both go hand in hand and are both important.
Knowledge about investments, in fact about anything generally is key, but there's something way more important and that's action. Of what use is my knowledge I can't use it properly. And to tell you the truth I'd prefer learning in the fields (i.e. by acting and correcting myself) than actually just sitting down somewhere learning and learning. Experience teaches best.
And for those who are rushing into buying Bitcoins cause of FOMO and other reasons, I personally think it takes courage and guts to do that and that's where the real knowledge lies. Think about it ... I'm doing it, you're talking about it, and you haven't carried out any experiments,  meanwhile,  I have my theory. There's a huge difference between the both of us.
So yh, both knowledge and hodling are important (i.e.Learning and doing).

[retreat]

If we invest in anything, we should first understand the ins and outs of the instrument we are holding because otherwise it would be the same as blindly putting money into something that is uncertain. In particular, knowledge of Bitcoin is very valuable for an investor, trader, or anyone who wants to be related to it. This knowledge is very valuable, especially if they want to know about events that will happen to Bitcoin or if they want to share it with other people and maybe they can make money from it.

[Blitzboy]

It is most important to gain knowledge about Bitcoin before holding in Bitcoin. If you don't have proper knowledge about Bitcoin, then you will never be able to profit by holding it, that's why first of all you need to know the correct use of Bitcoin. There are some people who are new to cryptocurrency who want to use various get-rich-quick schemes and because of their lack of knowledge, they are forced to face losses. A general knowledge of the crypto space is definitely required before holding, and without skill, it is never possible to make a profit by investing in Bitcoins. It is necessary to acquire good knowledge about how to earn profit in Bitcoin and know how and when to invest. Moreover, if you do not know about the market at different times, then if you invest, there is a possibility of facing a lot of losses, so it is better to have an idea about it. After knowing everything if bitcoin investment and holding is good and it is possible to get good profit from it in future, the most important thing for holding is to gain knowledge about crypto space.

As it turns out, knowledge is the foundation on which great Bitcoin investments can be built. The cryptocurrency world is very complicated, so you need to know a lot about it. Not only do you need to know "how to," but you also need to understand the basic ideas, tools, and forces that shape its path.

But there needs to be a serious note here. A well-informed investor has a big edge, but the crypto markets are so unpredictable that even the smartest predictions can be wrong. Because of this, it is very important to have knowledge along with a good dose of caution and humility. Its not enough to know when and how to spend; you also need to know that the market forces are always changing, so the rhythm can sometimes come as a surprise.

[TheSpiral]

Simply put, no one can be successful without adequate education and knowledge. We may not have a university degree, but to be able to do business or do any job, we need to have education and basic knowledge in that field.

Investing in bitcoin is the same, it is like all other fields, we need to have knowledge about it if we want to make money from it. Investing without knowledge is called gambling, winning or losing depends entirely on luck, our fate is no longer decided by us.

Knowledge and skills both are compulsory like if you have all degrees but don't know anything then there is no need of such degrees because skills matters more.

Same is the case with bitcoin if you have knowledge but don't know what to do under specific timing and for how much timing you will hold it then it's not a good selection.

And if you hold bitcoin but don't know to sell it in Bull market then your knowledge and holding both are useless therefore make use of holding as well as knowledge under appropriate circumstances.

[Salahmu]

Knowledge is very essential because it gives you an edge or the idea about what you are planning to hold, holding without knowledge is like walking in the darkness without knowing what you may step on, just like school we set a goal to become a medical doctor but perhaps you cannot become medical doctor just by seeing them operate on someone instead you will need to acquire the profession knowledge and by doing so you will need to enroll in school to acquire the knowledge before going into it. So coming back to holding knowledge is the first thing to enable you understand the ups and downs about your planning to holding.

[salad daging]

If we invest in anything, we should first understand the ins and outs of the instrument we are holding because otherwise it would be the same as blindly putting money into something that is uncertain. In particular, knowledge of Bitcoin is very valuable for an investor, trader, or anyone who wants to be related to it. This knowledge is very valuable, especially if they want to know about events that will happen to Bitcoin or if they want to share it with other people and maybe they can make money from it.

If they only invest just to see other people for then it's the same as entering the abyss, so when entering into any investment instrument, knowledge is important after that you can maximize skills in the field to be engaged in, say bitcoin, it is necessary to study and also practice it so that it is easier to understand.

Now there are many guidebooks or other articles that can take you in that direction, it is clearly important if not done then he will not have good skills as long as he does not do it.

Unless he doesn't care at all, like this: buy bitcoin now and then forget about it for a long time and come back from sleep after a few years, but I don't think that's possible for someone.

[Maslate]

Investing into bitcoin without a deep understanding on bitcoin in the first place is useless. It’s like you are hodling it for long term, yet you don’t know what’s your bitcoin goal and to where bitcoin is heading. That is why earning knowledge before taking such investments is crucial. Or while you are in the process of investing, you are also learning in everything that you do. At some point, it also works for others. It’s certainly learning by doing.

[BigBos]

1. Understanding Bitcoin first gives you a more solid knowledge of security. and this is very important to avoid loss of funds.

This is the basic knowledge to have before actually being in bitcoin.
Holding bitcoin strongly is something that is definitely very good to do, but in this case we must realize that holding something without knowing what we are holding is useless so the basic rules must obviously be met where when we really want to be in bitcoin then we must know what bitcoin is.
Don't think in advance about hodling because it is a matter after we are sure that bitcoin is feasible or not and we can or not be in this because if in the end we only focus on hodling and don't know what we are hodling even the basic things about bitcoin are still confused then it will not be able to run properly about the hodling done because in the end we will have several obstacles when hodling is done,

[red4slash]

Investing in something without information is dangerous. We cannot find successful investors who have not enough information; most of them are knowledgeable. That is also true for Bitcoin; before you invest in it, you must first learn about it. If you don't know what you're doing and you own Bitcoin, you're probably gambling.

I didn't suggest you'd lose money if you invested in Bitcoin because I feel now is the best moment to do so, but it's hard to be successful if you don't know what you're doing. It's the same as "jumping into the ocean without knowing how to swim."

Simply put, no one can be successful without adequate education and knowledge. We may not have a university degree, but to be able to do business or do any job, we need to have education and basic knowledge in that field.

Investing in bitcoin is the same, it is like all other fields, we need to have knowledge about it if we want to make money from it. Investing without knowledge is called gambling, winning or losing depends entirely on luck, our fate is no longer decided by us.

Back to the basic topic about bitcoin actually I think this will make sense because the logic is how we believe in holding bitcoin as an investment that we have while we don't know anything and don't have more knowledge about bitcoin itself.
We must realise that interest starts when we learn about it and when we don't know what we are learning then we will never be interested in it.

Many people say bitcoin is something worthy but we are not assigned to believe what others say so we must try to find what others say is true or not with the learning we do. If indeed it can really be validated then we start to be in bitcoin and hold it because we are sure that what others say is in accordance with the learning and analysis results that we find.

[South Park]

Knowledge is very essential because it gives you an edge or the idea about what you are planning to hold, holding without knowledge is like walking in the darkness without knowing what you may step on, just like school we set a goal to become a medical doctor but perhaps you cannot become medical doctor just by seeing them operate on someone instead you will need to acquire the profession knowledge and by doing so you will need to enroll in school to acquire the knowledge before going into it. So coming back to holding knowledge is the first thing to enable you understand the ups and downs about your planning to holding.

You need both, if you have a profound knowledge about bitcoin but you do not have the money to buy any of it and hold it then you cannot really obtain many benefits out of your knowledge, and if you have the money and you buy bitcoin with it but you do not know much about bitcoin then it is going to be very difficult for you to hold your coins when the whales manipulate the market and make it crash out of nowhere, so it is not like we can pick one over the other, since both are needed for a person to have reasonable chances of holding their coins until they reach their financial goals.

[Pablo-wood]

.....

You need both, if you have a profound knowledge about bitcoin but you do not have the money to buy any of it and hold it then you cannot really obtain many benefits out of your knowledge, and if you have the money and you buy bitcoin with it but you do not know much about bitcoin then it is going to be very difficult for you to hold your coins when the whales manipulate the market and make it crash out of nowhere, so it is not like we can pick one over the other, since both are needed for a person to have reasonable chances of holding their coins until they reach their financial goals.

Of a truth both are essential. As far as investment is concerned it is very difficult understanding the basics without risking some money. I mean it is not a theoretical framework. It is just like someone learning how to drive a car but has never held a steering to put what has been taught to practice. For a beginner with no knowledge about crypto I will rather say getting a good mentor who will help mange the losses and risk that will be incurred in the cause of learning but no matter how we try to run away from losses it must always surface, the only difference between one who is subjected to learning and one who tries to move alone is that the level of losses will be far apart from both parties.

[carlfebz2]

Knowledge is very essential because it gives you an edge or the idea about what you are planning to hold, holding without knowledge is like walking in the darkness without knowing what you may step on, just like school we set a goal to become a medical doctor but perhaps you cannot become medical doctor just by seeing them operate on someone instead you will need to acquire the profession knowledge and by doing so you will need to enroll in school to acquire the knowledge before going into it. So coming back to holding knowledge is the first thing to enable you understand the ups and downs about your planning to holding.

You need both, if you have a profound knowledge about bitcoin but you do not have the money to buy any of it and hold it then you cannot really obtain many benefits out of your knowledge, and if you have the money and you buy bitcoin with it but you do not know much about bitcoin then it is going to be very difficult for you to hold your coins when the whales manipulate the market and make it crash out of nowhere, so it is not like we can pick one over the other, since both are needed for a person to have reasonable chances of holding their coins until they reach their financial goals.

Knowledge is useless without having the money but having this kind of quality or intellect then you would really be thinking up on how to make money or getting other source of income on which you would really be that an advantage compared into those people who doesnt have that kind of thinking because if you do have that kind of thinking or plans then you would be having the advantage compared into those people
who doesnt think about ways or methods on making things more better.

On the time that you do know on what you do gonna do then having the idea that you might really be that able to make profits on this kind of action on which it is really that normal that you would
really be that having those doubts about the risks involved. Holdings does need knowledge and control too because if you are just that naive or doesnt have that kind of idea in mind on whats
the reality of this space or market then most likely you would really be ending up on making out mistakes.

[serjent05]

Investing in something without information is dangerous. We cannot find successful investors who have not enough information; most of them are knowledgeable. That is also true for Bitcoin; before you invest in it, you must first learn about it. If you don't know what you're doing and you own Bitcoin, you're probably gambling.

I didn't suggest you'd lose money if you invested in Bitcoin because I feel now is the best moment to do so, but it's hard to be successful if you don't know what you're doing. It's the same as "jumping into the ocean without knowing how to swim."

Simply put, no one can be successful without adequate education and knowledge. We may not have a university degree, but to be able to do business or do any job, we need to have education and basic knowledge in that field.

Investing in bitcoin is the same, it is like all other fields, we need to have knowledge about it if we want to make money from it. Investing without knowledge is called gambling, winning or losing depends entirely on luck, our fate is no longer decided by us.

I highly agree knowledge is almost the foundation of everything.  The belief, trust, and even the hate and distrust.  With enough knowledge, people will find out that holding Bitcoin for a longer time can give them good profit.  And at the same time due to the knowledge that the Bitcoin price is able to recover, people will keep on holding since they know that Bitcoin price will eventually recover even breaking its ATH.  This is proven to be a fact when we look at the price chart history and people that gain huge amount of profit when they did not sell Bitcoin during the Bitcoin price crash and keep on holding for a longer time.

[Ale88]

lastly you can always earn Bitcoins once you have a solid knowledge of it .you can even earn Bitcoins indirectly by teaching others or even running a local exchange and lots more. so newbies out there do not rush into buying Bitcoin without first understanding

I'm not sure I'm getting what you mean by "earn bitcoins" because the only way you earn bitcoins would be doing some kind of job, so exchanging your time and abilities for money, or bitcoin in this case, and to do that you don't need to know everything about bitcoin, you can start buying your own bitcoin (if you think the price is good) and in the meantime you keep studying. Getting to understand what bitcoin is about is not that difficult, it takes very little time. Then the technical part is more complicated but the idea behind it is not

[Salahmu]

Knowledge is very essential because it gives you an edge or the idea about what you are planning to hold, holding without knowledge is like walking in the darkness without knowing what you may step on, just like school we set a goal to become a medical doctor but perhaps you cannot become medical doctor just by seeing them operate on someone instead you will need to acquire the profession knowledge and by doing so you will need to enroll in school to acquire the knowledge before going into it. So coming back to holding knowledge is the first thing to enable you understand the ups and downs about your planning to holding.

You need both, if you have a profound knowledge about bitcoin but you do not have the money to buy any of it and hold it then you cannot really obtain many benefits out of your knowledge, and if you have the money and you buy bitcoin with it but you do not know much about bitcoin then it is going to be very difficult for you to hold your coins when the whales manipulate the market and make it crash out of nowhere, so it is not like we can pick one over the other, since both are needed for a person to have reasonable chances of holding their coins until they reach their financial goals.

Yeah the both are very essential they are intertwined with each other and can never work without each other, knowledge is what propels you to hold while holding needs the knowledge to be guided, the reason why I throw more emphasis on knowledge is because knowledge plays the key role about holding because even without the need for holding we always need knowledge to be guided in everything we venture into.

[bayu7adi]

Just say that knowledge is more important than a portfolio. This is indeed true, as everyone possesses varying resources when it comes to Bitcoin, and one highly influential parameter in Bitcoin's development is the breadth of knowledge an individual possesses.

As long as the cryptocurrency space remains relatively immature, there is a need for reliable guidance to ensure its growth follows the right path. Someone well-versed in cryptocurrency can serve as an excellent educator to others, and the demand for crypto educators is substantial. Only those with extensive knowledge can bear the responsibility for what they impart.

Though it may not directly relate to finances, in the crypto space, every human resource is valued. Sponsors will readily gravitate towards such individuals. Especially if the person is active in this forum, they will receive ample recognition for their contributions.

[hafiztalha]

Knowledge and holding (wealth) complete each other. A person may have lots of wealth but if he doesn't have any knowledge, he will soon spend his wealth on the stupid stuff which he don't really need about and then he will end up poor. A wise guy on the other hand, knows how to manage risk and he is definitely not going to buy the stuff he won't really need. So when it comes to bitcoin, a person that is well informed about bitcoin will definitely hold is for a long time because he really understands what bitcoin is all about. Power without knowledge is never a good thing.

I see many athletes who was bankrupted because they did no knowledge where to invest money. They earn a millions of dollars but did not learn investments or read books on investment. Our mind is good tool that will help a person to multiple his wealth. I see many business men's who was bankrupted because they did mistakes and then they learned from their mistakes and in 2 to 3 years they was millionaire. For any investment, mindset is very important. I see many poor people , they are poor because they does not change their mindset of poor people, for becoming rich  , it is necessary to have mindset like rich people. Nothing will be change with poor mindset.

[Fatunad]

Knowledge is very essential because it gives you an edge or the idea about what you are planning to hold, holding without knowledge is like walking in the darkness without knowing what you may step on, just like school we set a goal to become a medical doctor but perhaps you cannot become medical doctor just by seeing them operate on someone instead you will need to acquire the profession knowledge and by doing so you will need to enroll in school to acquire the knowledge before going into it. So coming back to holding knowledge is the first thing to enable you understand the ups and downs about your planning to holding.

You need both, if you have a profound knowledge about bitcoin but you do not have the money to buy any of it and hold it then you cannot really obtain many benefits out of your knowledge, and if you have the money and you buy bitcoin with it but you do not know much about bitcoin then it is going to be very difficult for you to hold your coins when the whales manipulate the market and make it crash out of nowhere, so it is not like we can pick one over the other, since both are needed for a person to have reasonable chances of holding their coins until they reach their financial goals.

Yeah the both are very essential they are intertwined with each other and can never work without each other, knowledge is what propels you to hold while holding needs the knowledge to be guided, the reason why I throw more emphasis on knowledge is because knowledge plays the key role about holding because even without the need for holding we always need knowledge to be guided in everything we venture into.

Not only just be a guidance but rather it would really be an important factor on which you could really be able to hover yourself into the right path without even trying out to make yourself that that lose of track on which most newbies would really be able to experience on.Knowledge would really be that totally much essential when it comes to this point because funds or having that capital or holdings would be totally that useless if you dont have the knowledge on how to deal up with things accordingly. This is why i do agree into that word that it is really that totally needs to be intertwined because investment or making up such movement without any basis
or plans will really lead into demise since you cant really be able to assess on what are the things that must done for you to be able to sustain or survive specially on dealing with things unpredictable space on which it would really be just that so common that you would really be able to commit tons of mistakes if you do let yourself making out decisions without having those assessment basing up on the market behavior.

[Rabata]

All of us who know a little bit about Bitcoin we try to value our holdings of Bitcoin. But the first thing we need to acquire good knowledge before holding Bitcoin. I will hold Bitcoin but if I don't have good knowledge about it then holding will be meaningless. Why should I hold and what is the benefit of my holdings? I have to know these things and ultimately, I have to gain knowledge. Moreover, how to hold Bitcoin or what is the proper time to sell it, how can i earn profit, these issues must be solved by gaining knowledge. There is no opportunity to profit from Bitcoin without gaining proper knowledge. Because without gaining knowledge a person will not be able to keep his bitcoin holdings safe.

[abel1337]

It's true that learning everything is essential to to every investment, real estate, stocks and etc. But for me, you don't need to understand the whole concept of bitcoin at first before you invest. You need to learn how to buy and sell, and how to store it. It will surely take you sometime before you learn the whole concept of it by reading the white paper of bitcoin. If you are just here for profit, learning the basic is fine. In fact, I still don't know how bitcoin works technically, I mean on the deeper side of blockchain, thus I earned profit from bitcoin because I have it.

Some traders wil win with their holding capacity even though they lag with the crypto knowledge.I had some friends who had earned more during the Covid pump in the bitcoin price.They just holding their bitcoin over a decade,at the first five years they was offline to the crypto.After the 2017,they back to the crypto trading.Luckily they had recovered their old bitcoin wallet.You don’t believe my friends become the millionaire from the holding bitcoin in their wallet.In this they never made any hard work except the wallet recovery,in this the win was due to the long holding.

I'm sure it's amazing to see people who has their bitcoin in their wallet over a decade. Your friend has a stroke of luck recovering his bitcoin wallet given that I'm sure that there's a bunch of bitcoin in it. It would be an amazing experience to witness that kind of instant millionaire event, your friend seems like he won in a lottery. There are lucky people that doesn't have the grasp of idea about bitcoin technical side of things but changed their life because of it. Maybe it's enough to just learn the basic of bitcoin, learning the technical side of things is for people who are really into it or has plans on utilizing it for their project or personal reason.

[AakZaki]

Yes, there are investors who cannot trust their own knowledge of this industry with regards to market analysis but can invest and endure losing which is why they are okay with relying to other’s beliefs of the next price movement, and that’s fine I guess as long as you’re ready with negative consequences.

They don't believe in their own knowledge because they know they don't have broader knowledge. But it is better to develop trading knowledge so that you understand better and don't depend on other people. There are many analyzes available but if you cannot make a good selection it will not be good for trading. Investment is for profit, not loss and is determined by other people's analysis. At least you don't understand how to do basic analysis on trading. Don't trade if you only depend on other people.

[terrific]

All of us who know a little bit about Bitcoin we try to value our holdings of Bitcoin. But the first thing we need to acquire good knowledge before holding Bitcoin. I will hold Bitcoin but if I don't have good knowledge about it then holding will be meaningless. Why should I hold and what is the benefit of my holdings? I have to know these things and ultimately, I have to gain knowledge. Moreover, how to hold Bitcoin or what is the proper time to sell it, how can i earn profit, these issues must be solved by gaining knowledge.

True, holding without any reason will just make you sell it eventually. Well, who's not selling anyway? All of us are going to sell no matter what happens in the future.
But the importance of knowing your true reason to hold and the intent that you've got is what makes someone willingly to hold.

There is no opportunity to profit from Bitcoin without gaining proper knowledge. Because without gaining knowledge a person will not be able to keep his bitcoin holdings safe.

Some might say that despite having no knowledge on it, they'll just hold. I think it's a wide explanation about this matter if someone has to hold and talking about the knowledge he's got about bitcoin and holding it.

[Vaculin]

Knowledge is a must. Either you plan to invest or share your experience, at least you have gained some initial knowledge on it. However, the problem with most newbies these days investing in bitcoin is they don’t have the prior knowledge about bitcoin and how it will work as an investment. They only see it as a get rich quick, thus thinking that bitcoin can be easily handle and make profits, but it turn out that it’s very much hard and complicated because of its high volatility. Anyone that decide to hold bitcoin and does not understand it’s market volatility will certainly struggle on how to make it work.

[Salahmu]

In times of investment someone cannot not just wake up one morning and decided to start investing when you don't have the appropriate knowledge that will guide you through, most beginners heard about Bitcoin from there friends and just decided start investment immediately thinking is a get rich scheme as such undermining what needs to be done before investing , is always advisable for a beginner who wants to invest on Bitcoin to source for information and make more researchers to understand the concept about what you're investing on, perhaps even if you decids holding without the knowledge you may end up facing the fear of uncertainty and from there you may start to panic and sell it off because of lack of knowledge.

[philipma1957]

Life is a time game.  If you are kind of lucky you make it to 60 or 70 or 80

I am 66 with normal luck I will reach 84.

So this means I got 18 years to go.

the young you are the more time you have in general.

This means DCA and hodl for 10-20 years if you are 20-40 years old it is not hard to do.

If you are 66 like me a 10 year DCA is not that attractive.

BUT NOW YOU SAY  hey I am 29 I want to do a 10 year dca .

you decide $20  a week is a number I can dca.  well that is 52 x 20 x 10 = 10400 usd saved via the purchase of btc.

It is possible that the average increase is 10x so you have 104,000 usd worth of btc in ten

years.  How do I do this? How do I make sure to buy it. HOW do I make sure to hodl it. lastly how do I make sure I do not lose access to the asset.

 well that is the question.  I can be sure about buying it or earning. holding it is hard.

[Mia Chloe]

Life is a time game.  If you are kind of lucky you make it to 60 or 70 or 80

I am 66 with normal luck I will reach 84.

So this means I got 18 years to go.

the young you are the more time you have in general.

This means DCA and hodl for 10-20 years if you are 20-40 years old it is not hard to do.

If you are 66 like me a 10 year DCA is not that attractive.

BUT NOW YOU SAY  hey I am 29 I want to do a 10 year dca .

you decide $20  a week is a number I can dca.  well that is 52 x 20 x 10 = 10400 usd saved via the purchase of btc.

It is possible that the average increase is 10x so you have 104,000 usd worth of btc in ten

years.  How do I do this? How do I make sure to buy it. HOW do I make sure to hodl it. lastly how do I make sure I do not lose access to the asset.

 well that is the question.  I can be sure about buying it or earning. holding it is hard.

It is never a bad idea to hodl as an investor except when loss is imminent how ever you can decide to reserve some Bitcoins for a family member to kick start their Bitcoin journey in the future I am sure they would be very grateful.
Also I wish you live as long as you want so you withness more bulls and be able to enlighten more newbies in the crypto space like us .
Don't forget to keep your keys safe 😁

[MFahad]

The common advice in the crypto space is to get knowledge before investing. That it is important to understand it as a whole before investing in Bitcoin. In reality, this is not what happens or how it plays out. How it works is that we heard about Bitcoin, invested first, and asked questions later. However, at what point should we say that we have had proper knowledge and understanding to go ahead and invest in Bitcoin.  I think that it is when the individual feels that they are ready and I am also not against those who invest first and ask questions later. They'll learn the security , decentralization, and others on the "job". 

Actually questions never ends and if you think that you have completely covered all the questions and now there is no need to ask anything then you are wrong. There are experts who also ask something because one cannot get whole knowledge at once as new thing arises which a person has to understand.

A person should invest through proper knowledge and whenever his mind feel something new then he can ask because there is no boundary of knowledge. Now it is important that you will get the important knowledge about crypto, its Characteristics, volatility and strategies prior to investment then learn more knowledge when you do investment.

[arwin100]

Life is a time game.  If you are kind of lucky you make it to 60 or 70 or 80

I am 66 with normal luck I will reach 84.

So this means I got 18 years to go.

the young you are the more time you have in general.

This means DCA and hodl for 10-20 years if you are 20-40 years old it is not hard to do.

If you are 66 like me a 10 year DCA is not that attractive.

BUT NOW YOU SAY  hey I am 29 I want to do a 10 year dca .

you decide $20  a week is a number I can dca.  well that is 52 x 20 x 10 = 10400 usd saved via the purchase of btc.

It is possible that the average increase is 10x so you have 104,000 usd worth of btc in ten

years.  How do I do this? How do I make sure to buy it. HOW do I make sure to hodl it. lastly how do I make sure I do not lose access to the asset.

 well that is the question.  I can be sure about buying it or earning. holding it is hard.

It is never a bad idea to hodl as an investor except when loss is imminent how ever you can decide to reserve some Bitcoins for a family member to kick start their Bitcoin journey in the future I am sure they would be very grateful.
Also I wish you live as long as you want so you withness more bulls and be able to enlighten more newbies in the crypto space like us .
Don't forget to keep your keys safe 😁

The only wrong on hodling is when you see the price of bought coin is reaching its all time high but you still never decide to sell it and bearish situation came then all supposed to be profit is already gone. Years of waiting is wasted for that decision that's why its really better that aside for hodling you also need to be smart to take profit when needed so that you can earn for another round of bull run.

To many people regret not to sell when ATH seasons came and I'm sure that they will never do the same mistakes since its important for us to take profit so that years of waiting for our investment to grow gives us good satisfaction.

[Blitzboy]

The common advice in the crypto space is to get knowledge before investing. That it is important to understand it as a whole before investing in Bitcoin. In reality, this is not what happens or how it plays out. How it works is that we heard about Bitcoin, invested first, and asked questions later. However, at what point should we say that we have had proper knowledge and understanding to go ahead and invest in Bitcoin.  I think that it is when the individual feels that they are ready and I am also not against those who invest first and ask questions later. They'll learn the security , decentralization, and others on the "job". 

Actually questions never ends and if you think that you have completely covered all the questions and now there is no need to ask anything then you are wrong. There are experts who also ask something because one cannot get whole knowledge at once as new thing arises which a person has to understand.

A person should invest through proper knowledge and whenever his mind feel something new then he can ask because there is no boundary of knowledge. Now it is important that you will get the important knowledge about crypto, its Characteristics, volatility and strategies prior to investment then learn more knowledge when you do investment.

Some people are so stupid that they think they know everything. Things are changing very quickly in crypto, including Bitcoin. Knowing whats going on in the world today doesnt mean someone is ready for what will happen tomorrow.

Experts are helpful, but even they are always learning new things. There is so much going on in the crypto world that no one has the whole picture. Just when you think you understand it well, something new comes along and surprises everyone.

Before you even think about buying, make sure you know the basics. Learn about Bitcoin's basic ideas, how it changes value, and the methods that experienced investors use. Remember, though, that NO ONE can ever say they know everything. Ask questions and learn new things all the time. And remember that the crypto world has made many people less sure of themselves before you.

[Out of mind]

Firstly, when a new user comes to Bitcoin for the purpose of investing it is the most important thing for him to gain knowledge about it. The most basic thing is that when a user invests in bitcoins and holds those funds for the future, the first thing he does is to acquire knowledge about bitcoins. After getting good knowledge about Bitcoin, it will be best for you to invest, and you will get profit in the future. And if one jumps into investing without knowing about Bitcoin, then surely there will be maximum risk of losing money. Moreover, it is most important to know when to invest and when to hold and when to sell. And the last thing is to gain good experience about Bitcoin and later invest and try to hold it in a safe place. Of course, Bitcoin security is the most important.

[BVeyron]

Is Bitcoin hodling more important? well I have read a couple of post which always talk about owning Bitcoins which is definitely a good idea especially as someone in the crypto space however will hodling Bitcoin be important without proper understanding of Bitcoin and the crypto space? Of course not. Now before I got to know about Bitcoin talk I had heard a lot about Bitcoin and due to the vague information I had gotten without research I joined the group of person who thought Bitcoin was a get rich quick scheme or scam therefore I was limited by that idea. However joining this forum brought me a good sense of understanding of what the crypto space is about. Now my point is Bitcoin can always be owned as well the knowledge can also be gotten how ever it is of optimum importance to first understand Bitcoin  because;
 
1. Understanding Bitcoin first gives you a more solid knowledge of security. and this is very important to avoid loss of funds.

2. It gives you a stronger sense of marketing especially for those who hold for sales during bull. it will give you the strategy of knowing when to sell and hodl.

3. It helps you understand the power of decentralization and it's benefits to you as an investor amongst many others.
Generally it takes someone with good knowledge of Bitcoin to scam or hack someone with hodlings so how can one counter Bitcoin fraud or asset loss without proper understanding of Bitcoin?
lastly you can always earn Bitcoins once you have a solid knowledge of it .you can even earn Bitcoins indirectly by teaching others or even running a local exchange and lots more. so newbies out there do not rush into buying Bitcoin without first understanding  Bitcoin which can even be done by engaging in important discussions on the forum expecially those of experts and experienced investors. remember knowledge is power.
Good luck mate don't forget to keep your keys safe 😁

In general, hodling is something that doesn't need specific knowledge, since it even is not considered an "investment"... It's more a purchase of a valuable thing than an investment. There are risks if someone holds, however risks in cryptotrading are much higher, especially if the trader doesn't have much money, since transactions fee are a problem in deals designed for short-term profit. So, the only specific thing evey hodler must have is the amount of money which can be transformed into crypto (not too much and not too little)...

[Bushdark]

so newbies out there do not rush into buying Bitcoin without first understanding  Bitcoin which can even be done by engaging in important discussions on the forum expecially those of experts and experienced investors. remember knowledge is power.

You’re also a newbie just like me and you said something about joining discussions and yet you hardly ever reply any of your threads it looks like all you do here is to drop a topic and then move on to the next on you don’t reply to comments on your thread neither do you reply to other people threads all I see you doing here is to drop a thread behaving as if you really want newbies like myself to learn not knowing that you only just want to earn merits. Why don’t you take your one advise and join discussions yourself, remember knowledge is power.

I think that's very bad if op don't reply comments on his trend. It shows that he's not even already to see other people's opinions and all he cares about is to keep creating topics and earn. A newbie don't have to exhibit this kind of altitude which is never ethical behavior in the forum. This is a place where we learn from each other's perspectives and share ideas. We need to listen and read other people's opinions especially when they needed our reply or opinion. Maybe op thought there is no need for him to reply comments but I hope he would change with time.

[bitLeap]

The common advice in the crypto space is to get knowledge before investing. That it is important to understand it as a whole before investing in Bitcoin. In reality, this is not what happens or how it plays out. How it works is that we heard about Bitcoin, invested first, and asked questions later. However, at what point should we say that we have had proper knowledge and understanding to go ahead and invest in Bitcoin.  I think that it is when the individual feels that they are ready and I am also not against those who invest first and ask questions later. They'll learn the security , decentralization, and others on the "job". 

Actually questions never ends and if you think that you have completely covered all the questions and now there is no need to ask anything then you are wrong. There are experts who also ask something because one cannot get whole knowledge at once as new thing arises which a person has to understand.

A person should invest through proper knowledge and whenever his mind feel something new then he can ask because there is no boundary of knowledge. Now it is important that you will get the important knowledge about crypto, its Characteristics, volatility and strategies prior to investment then learn more knowledge when you do investment.

Yes, it's true, talking about knowledge that must be learned will certainly be endless, including knowledge in this bitcoin. Let's say someone who is really an expert on bitcoin with the knowledge they have, they still have to update their knowledge, because if not it will be left behind again because over time there will always be new knowledge that requires us to learn even deeper. Moreover, problems in this space always arise, and it can be the same as before or new problems that come to the surface. That is why we are required to always keep up with developments and something new that comes every time.

[Negotiation]

Knowledge is really important when it comes to investing in crypto if you don't have enough knowledge about crypto you will be at risk. Research the market well before investing crypto investing is not easy there are many technical and financial issues that you need to learn first. Research is especially important for new investors you may find it hard to believe but it is also a fact that there are no real crypto experts at all. Since cryptos are very volatile no one will be able to accurately predict their value. So if you mind your own research it will be easy to know about the market and increase your knowledge.

[Peanutswar]

Good heads up for a newbie into the crypto world. But we know people who will want to engage into the crypto community makes a background check first only people who want just want to give their money just make a decision to invest without knowing what they are doing. Even basic knowledge can be helpful into you because you can understand how the market works what, when and until is the timing to buy coin and hold it. Its depends on the person how they really use their investment could be just payment, transaction or for the long term like us trade and hold. Getting just you have is not enough seek for more this can be an essential for you to take the path you've taking for.

[Flexystar]

Holding makes you owner of your funds and that ownership is what makes it easier to understand what bitcoin is actually. If I’m going to trade my bitcoin or may be invest it somewhere then it’s going to be just another fiat ecosystem. Having a wallet with private keys makes me owner of those bitcoin. I am not loosing any value if I consider one bitcoin equals to one bitcoin. I only lose it if I sell it or send it to someone or maybe consider it’s value in terms of fiat. Anyways that’s another story but Holding is MUST at least with my own experience.

[Ojima-ojo]

This depends on your mentor, what I mean is that, if someone more experienced in the market introduced Bitcoin to you, even as a novice you will be able to make the right decision you decide to start holding from that point onward because you have someone to guide you on how to properly securely hold your BTC.


Doing the above could allow you to hold Bitcoin while you keep learning along the line while you keep holding your Bitcoin to take advantage of the market should case the price move in an uptrend direction during the time you are learning Bitcoin.

[Baki202]

All of us who know a little bit about Bitcoin we try to value our holdings of Bitcoin. But the first thing we need to acquire good knowledge before holding Bitcoin. I will hold Bitcoin but if I don't have good knowledge about it then holding will be meaningless. Why should I hold and what is the benefit of my holdings? I have to know these things and ultimately, I have to gain knowledge. Moreover, how to hold Bitcoin or what is the proper time to sell it, how can i earn profit, these issues must be solved by gaining knowledge. There is no opportunity to profit from Bitcoin without gaining proper knowledge. Because without gaining knowledge a person will not be able to keep his bitcoin holdings safe.

It's not like people who hold have a choice because you actually know that if you sell now, you'll lose money because the market is experienced bearish and its instability affects the value of your assets, so it's not like people who hold have a choice. People who lack information frequently pursue money without realizing that bitcoin operates differently. Once you have invested there should be a stipulated time you will want to sell. All depends on how the convince it is for the person. Everything about bitcoin needs calculation.

[Bushdark]

Holding makes you owner of your funds and that ownership is what makes it easier to understand what bitcoin is actually. If I’m going to trade my bitcoin or may be invest it somewhere then it’s going to be just another fiat ecosystem. Having a wallet with private keys makes me owner of those bitcoin. I am not loosing any value if I consider one bitcoin equals to one bitcoin. I only lose it if I sell it or send it to someone or maybe consider it’s value in terms of fiat. Anyways that’s another story but Holding is MUST at least with my own experience.

Gaining knowledge is quite different from holding but in all we need to establish a way that will keep triggering our urge to hold for as long as we want. It is very difficult for us to hold and one of the things that normally trigger us to continue holding is when we have other investment too that are giving us money. Since the market is very volatile, then we need to make sure that we study the market enough and know the duration of how we intend to hold. The market is down now and it's obvious that the market will soon take a bold bullish move soon and if we are a good holder, we can earn more from it when the market finally go bullish.

[Russlenat]

Having adequate knowledge before you desire to invest is a must. That is one way to avoid future losses especially in a market that is so much volatile and unpredictable. Although I can tell from the newbies these days that they jump into bitcoin investing without prior knowledge due to hunger of profits, but we all know how these investments will end up. That is why a lot of them fail and eventually blame bitcoin because they don’t know what they are doing in the first place.

[Viscore]

The most basic and helpful advice I have read here for newbies that just got into bitcoin and is looking for where to start from is you don’t need to know everything about bitcoin before you can start investing, just learn how to buy and how to not lose your coins” I have forgotten who wrote this text but I feel that newbies that want to just hold bitcoin don’t need to start learning the technical part of bitcoin, just start with security and keep your coins safe.

Well said. Bitcoin investment is not complicated if you chose not to complicate things. As long as you have prior knowledge and understanding to it, I think it’s still possible that you can invest and hold it for long term without future troubles. However, but with greed and impatience, you will never be successful in your long term investment. Greed will only make you invest for nothing, that is proven a lot of times.

[Distinctin]

Knowledge is a must. Either you plan to invest or share your experience, at least you have gained some initial knowledge on it. However, the problem with most newbies these days investing in bitcoin is they don’t have the prior knowledge about bitcoin and how it will work as an investment. They only see it as a get rich quick, thus thinking that bitcoin can be easily handle and make profits, but it turn out that it’s very much hard and complicated because of its high volatility. Anyone that decide to hold bitcoin and does not understand it’s market volatility will certainly struggle on how to make it work.

Yes. Obtaining knowledge is really essential before we decide to invest or even trade. That will help us what and when to invest so as to gain maximum profits and avoid from consistent losses. Without knowledge and a good understanding of your investment, expect that it will not be successful like what you've planned.

[hafiztalha]

Never invest anywhere or in any asset without having a proper knowledge. At the end of the day it’s your hard earned money which is being invested. So if you don’t do proper research on the platform where you investing or in the asset in which you are investing , then definitely there is chances that you might lose the money. So yes in case of Bitcoins this also applies. So before buying any Bitcoins, it is a must to acquire knowledge about it. How Bitcoins works, how to buy, how to store them safely, where to buy, these are the basic things that you need to know at least in order to start investing in Bitcoins.

Yes, Main things that should remember are  fundamental analysis and technical analysis of market. You have to be knowledgeable about fundamental and technical analysis. Knowledge is very important for investment in Bitcoin. The graph analysis is very important. You should have knowledge where graph will go? and what is meaning of this graph?
When you will be experienced person in investment in Bitcoin, you can invest more money with low risk. Research properly and work hard. At the end, you will be successful.

[qwertyup23]

Don't make it complicated, just try to understand fiat and compare it with Bitcoin, you will know the reason why you must holding Bitcoin.

lastly you can always earn Bitcoins once you have a solid knowledge of it .you can even earn Bitcoins indirectly by teaching others or even running a local exchange and lots more.

Having knowledge about Bitcoin doesn't make you able to earn, it's just a currency. What you're need to learn is a hard skill that you can work and get paid from someone e.g. design, programmer etc. No one want to use unknown local exchange that charge high fees, they prefer to use centralized exchange.

Like what I have previously mentioned, having the knowledge about forecasting the price of BTC is useless with inaction. There must be some sort of application where you can use this knowledge for you to maximize your BTC investments.

If you think that HODLing BTC, by using your initial investment, is better for short-term, then feel free to do so. I agree with you- at the end of the day BTC is considered as a currency and an investment at the same time.

[flyingcarpet]

Never invest anywhere or in any asset without having a proper knowledge. At the end of the day it’s your hard earned money which is being invested. So if you don’t do proper research on the platform where you investing or in the asset in which you are investing , then definitely there is chances that you might lose the money. So yes in case of Bitcoins this also applies. So before buying any Bitcoins, it is a must to acquire knowledge about it. How Bitcoins works, how to buy, how to store them safely, where to buy, these are the basic things that you need to know at least in order to start investing in Bitcoins.

Yes, Main things that should remember are  fundamental analysis and technical analysis of market. You have to be knowledgeable about fundamental and technical analysis. Knowledge is very important for investment in Bitcoin. The graph analysis is very important. You should have knowledge where graph will go? and what is meaning of this graph?
When you will be experienced person in investment in Bitcoin, you can invest more money with low risk. Research properly and work hard. At the end, you will be successful.

Some of those who invest in anything do so because they hear about it from the people around them. I don't understand how they risk their own money so much. Being informed is both a good thing and helps make your investment safer. Those who invest only based on what they hear from someone without choosing such a thing are doomed to lose.

It's not a difficult thing to research. We live in the internet age and we have access to everything.

Of course, there may be things we hear from our environment and invest in, but what I mean here is that we need to do research before investing.

[puloweh555]

Yes. Obtaining knowledge is really essential before we decide to invest or even trade. That will help us what and when to invest so as to gain maximum profits and avoid from consistent losses. Without knowledge and a good understanding of your investment, expect that it will not be successful like what you've planned.

They haven't mastered the science of investment and don't understand it, but they are really interested in starting to invest, they will have fear and doubt, that's why I need knowledge, for me knowledge is important before investing. Science is an investment in the brain, after that just invest in Bitcoin and hold on. because by knowing many things we can prepare ourselves for the future.

In essence, before starting to invest invest more in ourselves.
Read lots of books or watch YouTube to increase your knowledge. It's not easy to get "big profits" from investing. Because any investment model must have risks. And we must know how to manage the risks.

Through discussions with other people, I think we can find out whether the theory we know is the same as reality or could be different, and that's where we learn a lot from discussions on this forum so that your insight becomes broader.

[BITCOIN4X]

~Snip

In essence, before starting to invest invest more in ourselves.
Read lots of books or watch YouTube to increase your knowledge. It's not easy to get "big profits" from investing. Because any investment model must have risks. And we must know how to manage the risks.

I completely agree with your suggestion, meaning it is true that good knowledge will open up more good potential for getting returns from investments. Smart people will tend to spend more money on their brains than they would on an unsuccessful lifestyle, but that mindset is not shared by the average person.

Honestly, I've heard that advice and I think it makes sense. Knowledge should take precedence as the most valuable capital over their investment budget, but to invest in bitcoin they don't need to be experts. I mean, they just need to learn the basics of bitcoin and how to store it safely. Meanwhile they must know how the market works for their investment assets too.

[Aikidoka]

What you explained is correct. I mean, holding Bitcoin without having at least basic knowledge about it is genuinely scary, as you might encounter alot of problems in the future, one of which is the risk of losing all your funds due to foolish. So what really matters is that before investing even $1 in Bitcoin it's important to acquire a fundamental understanding of how Bitcoin works. What's even more matter is understanding its security aspects and how to secure your assets as effectively as possible.

IMO Holding Bitcoin is no joke, particularly for those who plan to hold it for a long term.

[salad daging]

Knowledge is indeed the source of everything that will make us successful later, including in this investment. I agree with you that when we do not have a thorough knowledge of bitcoin it will create the potential for someone to make panic sales when something happens to bitcoin, such as experiencing a very deep decline. I will not talk about other people in this case, because I myself was in the same situation when I first learned about and entered to invest in bitcoin. But over time and with more experience, things like panic start to disappear by themselves, and in the end we have stronger confidence in our investments.

Why invest when there is no knowledge? I think the two must be together simultaneously including first knowledge and second practicing you invest by holding bitcoin - as long as you hold you will know how to overcome many problems on the way later of course with basic knowledge makes us more understanding and makes it easier for us not to fall into panic.

Don't make too much of something that happens out there sometimes with weak people they always panic when the price drops, but with basic knowledge I think that person will remain calm and come to good conclusions during the journey of investing in bitcoin.

Moreover, here many strengthen each other to keep holding bitcoin under any circumstances.

[nurilham]

Having adequate knowledge before you desire to invest is a must. That is one way to avoid future losses especially in a market that is so much volatile and unpredictable.

Having sufficient knowledge and experience isn't only the way to avoid severe losses, it is also the way to understand how to optimize the strategy to gain good profits. Without knowledge and experience, an investor can't understand the effective strategy in investment. That's why we call people who invest with no knowledge are just gambling with Bitcoin or altcoins. So, I really agree that having knowledge and experience is a must before someone starts his investment journey.

Although I can tell from the newbies these days that they jump into bitcoin investing without prior knowledge due to hunger of profits, but we all know how these investments will end up. That is why a lot of them fail and eventually blame bitcoin because they don’t know what they are doing in the first place.

Yes, there are many newbies who invest without sufficient insight about Bitcoin. They are just following the trend, probably following their friends who already invest in Bitcoin a longer time. Sure, they are probably to end up with losing money, no profits at all. That's because they may not understand when to buy and when to sell their Bitcoin. They have no knowledge about the time for entry (collect Bitcoin) and exit (take profits). Moreover, they are very possible to panic and sell directly their Bitcoin whenever there is a big FUD about Bitcoin. It is because their mentality isn't ready for holding Bitcoin.

[dunfida]

What you explained is correct. I mean, holding Bitcoin without having at least basic knowledge about it is genuinely scary, as you might encounter alot of problems in the future, one of which is the risk of losing all your funds due to foolish. So what really matters is that before investing even $1 in Bitcoin it's important to acquire a fundamental understanding of how Bitcoin works. What's even more matter is understanding its security aspects and how to secure your assets as effectively as possible.

IMO Holding Bitcoin is no joke, particularly for those who plan to hold it for a long term.

If you do just simply hold and never ever spends those coins and you do really take care of your wallets PK then hold up for long term then that lack of knowledge of yours would really be might resulting into those huge returns but if we do speak about having no knowledge even with the most basic things like security of your wallet and those selling points then you would really be likely be messing up your holdings.
Nothing beats out if you do have that sufficient knowledge and something that you would really be needing to take advantage with this market.If you are that someone who is really that doing his/her
assignment then you are really that prone to errors.

This is why it would really be just that ideal that you should really know on how to deal up with things and on how to deal up

[red4slash]

Knowledge is indeed the source of everything that will make us successful later, including in this investment. I agree with you that when we do not have a thorough knowledge of bitcoin it will create the potential for someone to make panic sales when something happens to bitcoin, such as experiencing a very deep decline. I will not talk about other people in this case, because I myself was in the same situation when I first learned about and entered to invest in bitcoin. But over time and with more experience, things like panic start to disappear by themselves, and in the end we have stronger confidence in our investments.

Why invest when there is no knowledge? I think the two must be together simultaneously including first knowledge and second practicing you invest by holding bitcoin - as long as you hold you will know how to overcome many problems on the way later of course with basic knowledge makes us more understanding and makes it easier for us not to fall into panic.

Don't make too much of something that happens out there sometimes with weak people they always panic when the price drops, but with basic knowledge I think that person will remain calm and come to good conclusions during the journey of investing in bitcoin.

Moreover, here many strengthen each other to keep holding bitcoin under any circumstances.

But the fact of the matter is that when we are still a beginner then whatever we will be overlooked because of the limitations of the knowledge we have which makes this a bad condition for them and I think everyone has felt this way because in the end even if it is about knowledge and strength in holding good but theory and practice will be very different so in this case risk taking must obviously be taken so that we get something else important "experience".
Even though many people are strengthening but when we are still mentally very weak because we have just experienced a difficult period in investment (when prices crash) then panic will definitely still arise and I am sure that everyone has felt it and this is the process we have to go through because in the end whether we are able to go through the process or not because if in the end we are not able to go through it then our goals will also not be obtained.

[goldkingcoiner]

Don't make it complicated, just try to understand fiat and compare it with Bitcoin, you will know the reason why you must holding Bitcoin.

lastly you can always earn Bitcoins once you have a solid knowledge of it .you can even earn Bitcoins indirectly by teaching others or even running a local exchange and lots more.

Having knowledge about Bitcoin doesn't make you able to earn, it's just a currency. What you're need to learn is a hard skill that you can work and get paid from someone e.g. design, programmer etc. No one want to use unknown local exchange that charge high fees, they prefer to use centralized exchange.

Exactly. There is no point in trying to compare apples with oranges. Bitcoin holding is something important but only if you understand why it is important. Otherwise you are just simply following a fad. In this case, I would certainly call hodling a fad. And this will materialize itself in a very unpleasant way when the Bitcoin price has a violent price fluctuation, as it has had, many time, in the past, and the "hodler" panic sells due to his ignorance on the price potential of Bitcoin.

I suggest that people first learn more about Bitcoin (and why its so awesome) and learn to appreciate the value of money before leaping into the world of cryptocurrency. Otherwise they waste their money and lose it completely, once they jump on the bandwagon of other fads, like NFTs.

[KiaKia]

I know people who have bought their first Bitcoin ever without knowing much about bitcoin, they are so into Bitcoin because their friends made a lot of money through Bitcoin, learning first is like wasting of time at the time, this was in 2021 bull market and they are able to make small gains.

I am not defending them on the rout they took but it's sure not a safe one, becauSe what if the market crashed on them? At that time they are already buying the tops. I believe knowledge should be the main focus for everyone, not only about Bitcoin investment but everything else.

Yes it's easier to download a wallet and start sending and receiving Bitcoin, but you will lack knowledge about the risks that are present while using your wallet and you engaging in some other activities online.

Some risks aren't about the wallet alone, what about the exchnages we send Bitcoin to for trading? There are many things to learn about Bitcoin and crypto first before doing anything else but these days people are too impatient.

[Mr.right85]

1. Understanding Bitcoin first gives you a more solid knowledge of security. and this is very important to avoid loss of funds.

Many at times, we find people seeking bitcoin investments for the sole purpose of gains. That’s why we have them crypto traders that wants to trade based on signals and even those investors that don’t want to do any form of investigation on projects and prefer you to point them to a coin that would make 100x. We still have other categories that believes in the idea of bitcoin packages that offers regular rewards within a periodic base.

Most of these individuals often ends up on scam sites.

This makes having some knowledge of how the cryptocurrency space works and bitcoin network to be of great importance. It’s the one way you can guarantee safety, identify and utilize opportunities that presents itself within the space.
It’s not enough to just invest, you have to study the project.

[gunhell16]

Those two words, if you connect them to the Bitcoin industry, are, for me, equally important. Because if you have something like that, eventually there will be a change in your life if you have Bitcoin holdings and knowledge. Obviously, you wouldn't go out of your way to own Bitcoin if you didn't find anything wrong with it.

What if you have no knowledge but buy Bitcoin and hold it long-term? Of course, at this point, while you are waiting for the right time to sell here, it is possible to learn what Bitcoin actually has and why it has become attractive to the majority of wealthy investors around the world. So, for me, if you don't have knowledge about holdings, you can make a mistake in what you choose to hold. But if you go with knowledge, for sure you won't make a mistake that you want to hold for the future.

[summonerrk]

Those two words, if you connect them to the Bitcoin industry, are, for me, equally important. Because if you have something like that, eventually there will be a change in your life if you have Bitcoin holdings and knowledge. Obviously, you wouldn't go out of your way to own Bitcoin if you didn't find anything wrong with it.

What if you have no knowledge but buy Bitcoin and hold it long-term? Of course, at this point, while you are waiting for the right time to sell here, it is possible to learn what Bitcoin actually has and why it has become attractive to the majority of wealthy investors around the world. So, for me, if you don't have knowledge about holdings, you can make a mistake in what you choose to hold. But if you go with knowledge, for sure you won't make a mistake that you want to hold for the future.

That's right, because knowledge without practice does not make sense. It's just a lot of theory and facts that you know, but what profit is there from them if they are not applied in any way. You can know at least all the facts of cryptocurrencies and have excellent technical analysis, but what is the point of this without investment?

But the presence of holdings but the lack of knowledge is even worse. Such an investment will lead to the fact that the trader will invest without understanding, and falling into the scam.
After that, such a bad investment will depreciate, and as a result, the deposit will be zero.

In general, one without the other cannot have profit and meaning in general.

[Blitzboy]

Those two words, if you connect them to the Bitcoin industry, are, for me, equally important. Because if you have something like that, eventually there will be a change in your life if you have Bitcoin holdings and knowledge. Obviously, you wouldn't go out of your way to own Bitcoin if you didn't find anything wrong with it.

What if you have no knowledge but buy Bitcoin and hold it long-term? Of course, at this point, while you are waiting for the right time to sell here, it is possible to learn what Bitcoin actually has and why it has become attractive to the majority of wealthy investors around the world. So, for me, if you don't have knowledge about holdings, you can make a mistake in what you choose to hold. But if you go with knowledge, for sure you won't make a mistake that you want to hold for the future.

That's right, because knowledge without practice does not make sense. It's just a lot of theory and facts that you know, but what profit is there from them if they are not applied in any way. You can know at least all the facts of cryptocurrencies and have excellent technical analysis, but what is the point of this without investment?

But the presence of holdings but the lack of knowledge is even worse. Such an investment will lead to the fact that the trader will invest without understanding, and falling into the scam.
After that, such a bad investment will depreciate, and as a result, the deposit will be zero.

In general, one without the other cannot have profit and meaning in general.

Knowledge without action? Thats just a brain full of facts, not getting us anywhere, right? But get this. Without any knowledge, thats a crash waiting to happen to our money. Imagine having a stash of Bitcoin and zero know-how - you are the best victim for anyone, including hackers, exchanges, etc. And it is a sad end

Now, mixing both, thats where the magic happens. Knowing the ropes and taking the plunge – thats how we roll, and thats how we grow. With each transaction, we learn, we adapt, and we get better, aiming for that sweet spot where knowledge meets action in a perfect blend.

[Lorence.xD]

Those two words, if you connect them to the Bitcoin industry, are, for me, equally important. Because if you have something like that, eventually there will be a change in your life if you have Bitcoin holdings and knowledge. Obviously, you wouldn't go out of your way to own Bitcoin if you didn't find anything wrong with it.

What if you have no knowledge but buy Bitcoin and hold it long-term? Of course, at this point, while you are waiting for the right time to sell here, it is possible to learn what Bitcoin actually has and why it has become attractive to the majority of wealthy investors around the world. So, for me, if you don't have knowledge about holdings, you can make a mistake in what you choose to hold. But if you go with knowledge, for sure you won't make a mistake that you want to hold for the future.

That's right, because knowledge without practice does not make sense. It's just a lot of theory and facts that you know, but what profit is there from them if they are not applied in any way. You can know at least all the facts of cryptocurrencies and have excellent technical analysis, but what is the point of this without investment?

But the presence of holdings but the lack of knowledge is even worse. Such an investment will lead to the fact that the trader will invest without understanding, and falling into the scam.
After that, such a bad investment will depreciate, and as a result, the deposit will be zero.

In general, one without the other cannot have profit and meaning in general.

Knowledge without action? Thats just a brain full of facts, not getting us anywhere, right? But get this. Without any knowledge, thats a crash waiting to happen to our money. Imagine having a stash of Bitcoin and zero know-how - you are the best victim for anyone, including hackers, exchanges, etc. And it is a sad end

Now, mixing both, thats where the magic happens. Knowing the ropes and taking the plunge – thats how we roll, and thats how we grow. With each transaction, we learn, we adapt, and we get better, aiming for that sweet spot where knowledge meets action in a perfect blend.

That's actually useless to be honest, being brainy without executing anything would not help you to achieve anything in your life cause you are gatekeeping those potential in your brain. Always remember that hardworking people outgrow person with knowledge because hardworking people have the consistency and they based on the experience. If you have Bitcoin and does not know what to do with it it's like having a treasure you're not aware of.

Of course hardworking people could also be scammed due to they lack the knowledge that's you really need both in life or else you'll get stuck into your current situation. You can always based your understanding by just experience, you'll need to find the facts especially in Bitcoin or crypto industry where you involved money, meaning there's a hacker and scammer.

[coinerer]

Holding makes you owner of your funds and that ownership is what makes it easier to understand what bitcoin is actually. If I’m going to trade my bitcoin or may be invest it somewhere then it’s going to be just another fiat ecosystem. Having a wallet with private keys makes me owner of those bitcoin. I am not loosing any value if I consider one bitcoin equals to one bitcoin. I only lose it if I sell it or send it to someone or maybe consider it’s value in terms of fiat. Anyways that’s another story but Holding is MUST at least with my own experience.

Holding generates profit and knowledge suggests various strategies. It is possible to generate profit by buying and holding Bitcoin without knowledge but holding other altcoins and other coins without knowledge will result in reverse loss instead of profit. Because Bitcoin is a coin where long-term holding is guaranteed to make a profit because Bitcoin has a record of constant price increases. although its price is dumped, the recovery is also fast. So knowledge is definitely important if it is intended to invest somewhere other than Bitcoin.

[rojan]

Holding generates profit and knowledge suggests various strategies. It is possible to generate profit by buying and holding Bitcoin without knowledge but holding other altcoins and other coins without knowledge will result in reverse loss instead of profit. Because Bitcoin is a coin where long-term holding is guaranteed to make a profit because Bitcoin has a record of constant price increases. although its price is dumped, the recovery is also fast. So knowledge is definitely important if it is intended to invest somewhere other than Bitcoin.

Investing in bitcoins and holding it for a long term has the potential to earn profits. Investing in bitcoins does not require experience. But when you think of investing in altcoins or other coins, you need knowledge. Because if you make a wrong decision, you will make a mistake.  Your chances of losing money will be high. So we have to think before investing. It has to be accepted that by investing in bitcoins you can't get much profit but by investing in altcoins there is a possibility of getting more profit and the risk is a little more to lose money.

[summonerrk]

---

That's right, because knowledge without practice does not make sense. It's just a lot of theory and facts that you know, but what profit is there from them if they are not applied in any way. You can know at least all the facts of cryptocurrencies and have excellent technical analysis, but what is the point of this without investment?

But the presence of holdings but the lack of knowledge is even worse. Such an investment will lead to the fact that the trader will invest without understanding, and falling into the scam.
After that, such a bad investment will depreciate, and as a result, the deposit will be zero.

In general, one without the other cannot have profit and meaning in general.

Knowledge without action? Thats just a brain full of facts, not getting us anywhere, right? But get this. Without any knowledge, thats a crash waiting to happen to our money. Imagine having a stash of Bitcoin and zero know-how - you are the best victim for anyone, including hackers, exchanges, etc. And it is a sad end

Now, mixing both, thats where the magic happens. Knowing the ropes and taking the plunge – thats how we roll, and thats how we grow. With each transaction, we learn, we adapt, and we get better, aiming for that sweet spot where knowledge meets action in a perfect blend.

Therefore, in order to further expand the popularity of bitcoin around the world, you need to understand that there are two problems that need to be solved:
1) there are people who have money, but no knowledge. They don't know about exchanges, transactions, and so on. They think that if cryptocurrencies cannot be held in hand, it means that they are not essential, and any fraudster on the Internet can steal it.
2) It's a people who have knowledge but no initial deposit but they sooner or later find money and become traders or investors.

Therefore, the first point is not solved by itself, unlike the second.

[jasonjm]

Both things come hand in hand. If you know something, it is always a plus. When it comes to Bitcoin, it is better to have some understanding of how Bitcoin works and how prices fluctuate so that the investor does not lose money. Bitcoin Holding refers to an actual BTC in your custody. A person should have a combination of both to be a successful investor in the crypto market.

With knowledge, you can maximize your chances of earning a handsome amount of profit, and without knowledge, you can easily lose your money in the crypto market.

[BigBos]

Now before I got to know about Bitcoin talk I had heard a lot about Bitcoin and due to the vague information I had gotten without research I joined the group of person who thought Bitcoin was a get rich quick scheme or scam therefore I was limited by that idea. However joining this forum brought me a good sense of understanding of what the crypto space is about.

I will not blame those who consider Bitcoin a scam or those who consider themselves hard-line fanatics who do not like Bitcoin. That's something that happens all the time, not just in Bitcoin. Because basically their existence is necessary to make it a good opportunity for yourself whether you hold it or not. That way, the more they talk about Bitcoin, the deeper they dig and do research to keep telling the world that Bitcoin is a scam and such. Not a few of them finally realize, for example there are people who were initially anti-Bitcoin fanatics, then at one point they announced that they liked the Bitcoin system? Did you know that Larry Fink served as CEO of Blackrock? now where does the understanding end?

The busier they are in attacking Bitcoin, the busier they are doing research on Bitcoin.

[terrific]

Both things come hand in hand. If you know something, it is always a plus. When it comes to Bitcoin, it is better to have some understanding of how Bitcoin works and how prices fluctuate so that the investor does not lose money. Bitcoin Holding refers to an actual BTC in your custody. A person should have a combination of both to be a successful investor in the crypto market.

With knowledge, you can maximize your chances of earning a handsome amount of profit, and without knowledge, you can easily lose your money in the crypto market.

We're all saying about maximizing the profit with knowledge that we have in Bitcoin. Yes, that's really possible but it's not a guarantee that just because we're knowledgeable, we'll earn the maximum profit.
Even with knowledge, we can still lose our money because of how events turning into from the expectations that we've got. But with experience and confidence that we have here, we know that we'll make it.

[Benedictare]

Knowledge means information, understanding the skil that you get experience or education from also awareness of something. Therefore without you knowing about something youcan do nothing and become a losser. Without knowledge you will not be able to understand Bitcoin and how to hold it ,there is a saying  that "Knowledge is Power "and so without knowledge you are a failure and you  cannot understand how cryptocurency or Bitcoin works neither how the ttends goes,Reading and understanding the biases and importance of Bitcoin makes you wealthy and exposed to the crypto world on how to secure and inves in your future.

[Fara Chan]

Knowledge means information, understanding the skil that you get experience or education from also awareness of something. Therefore without you knowing about something youcan do nothing and become a losser. Without knowledge you will not be able to understand Bitcoin and how to hold it ,there is a saying  that "Knowledge is Power "and so without knowledge you are a failure and you  cannot understand how cryptocurency or Bitcoin works neither how the ttends goes,Reading and understanding the biases and importance of Bitcoin makes you wealthy and exposed to the crypto world on how to secure and inves in your future.

The saying you expressed really impressed me, because I can also feel that real power is knowledge, nothing else. This can be directly seen and felt by anyone through life when someone does not have a certain level of knowledge with people who have a certain level of knowledge, and the example you give also seems more specific because it is very clear that someone will not want to hold Bitcoin if he does not have sufficient knowledge about Bitcoin. So it can be concluded that knowledge is a power that is very important for everyone in any case.

[Luis98]

Bitcoin is the Most Valuable Coin. Keeping It Will Always Make It Valuable. But I Have Concerns Bitcoin's Founders Always Hid Theirself But I Think It's Something Political

[Inwestour]

We're all saying about maximizing the profit with knowledge that we have in Bitcoin. Yes, that's really possible but it's not a guarantee that just because we're knowledgeable, we'll earn the maximum profit.
Even with knowledge, we can still lose our money because of how events turning into from the expectations that we've got. But with experience and confidence that we have here, we know that we'll make it.

Learning is a constant process, you should not think that a certain level of knowledge will help you always get the expected result, because this is a market and there will always be players who will work more and harder than you.

We all know the principles by which markets work, so we should be interested in making learning a constant process for us. Now so much knowledge is available to humanity that it seems to me that even a few lifetimes will not be enough to study even a small part of it.

Many who hold Bitcoin would do well to at least study thoroughly what they are investing in. I agree that even without this they will be able to make a profit on their investment, but it will definitely not be unnecessary.

[terrific]

We're all saying about maximizing the profit with knowledge that we have in Bitcoin. Yes, that's really possible but it's not a guarantee that just because we're knowledgeable, we'll earn the maximum profit.
Even with knowledge, we can still lose our money because of how events turning into from the expectations that we've got. But with experience and confidence that we have here, we know that we'll make it.

Learning is a constant process, you should not think that a certain level of knowledge will help you always get the expected result, because this is a market and there will always be players who will work more and harder than you.

We all know the principles by which markets work, so we should be interested in making learning a constant process for us. Now so much knowledge is available to humanity that it seems to me that even a few lifetimes will not be enough to study even a small part of it.

Yeah, even you study for so long and more lifetimes, there's just too much information that we can't learn all of them.
But thanks to all of those that constantly sharing their knowledge so we're able to absorb them and we're applying it to our holdings and how we're surviving this market.

Many who hold Bitcoin would do well to at least study thoroughly what they are investing in. I agree that even without this they will be able to make a profit on their investment, but it will definitely not be unnecessary.

Sort of luck and attached to Bitcoin because it's known to be the best in the market and that's why without such, possible to earn but it's still needed for someone to know about it.

[kawetsriyanto]

Without knowledge you will not be able to understand Bitcoin and how to hold it ,there is a saying  that "Knowledge is Power "and so without knowledge you are a failure and you  cannot understand how cryptocurency or Bitcoin works neither how the ttends goes,Reading and understanding the biases and importance of Bitcoin makes you wealthy and exposed to the crypto world on how to secure and inves in your future.

Of course, if we have no knowledge about Bitcoin, how we can trust on it? How we know its potential future?
People are brave to have Bitcoin and hold it for a long time, it must be caused by their knowledge of Bitcoin. People probably won't be interested in Bitcoin if they don't have knowledge about Bitcoin. Moreover, when people decide to invest in Bitcoin, ideally they must do a research first. Investment is a serious matter, people won't invest in Bitcoin if they don't understand the potential of Bitcoin future. So, I think knowledge isn't only a power, but it is also a reason why people do something! 

Bitcoin is the Most Valuable Coin. Keeping It Will Always Make It Valuable. But I Have Concerns Bitcoin's Founders Always Hid Theirself But I Think It's Something Political

We don't know the real reason why the Bitcoin founder hides his identity. But it shouldn't be a political reason only, it is related to his safety and other serious reasons. However, we don't need to feel worried about this. Bitcoin has proven to people that it always grows continuously even if no clear information about the founder. Bitcoin is owned by all people around the world now, it is not owned by Satoshi only! 

[philipma1957]

What you explained is correct. I mean, holding Bitcoin without having at least basic knowledge about it is genuinely scary, as you might encounter alot of problems in the future, one of which is the risk of losing all your funds due to foolish. So what really matters is that before investing even $1 in Bitcoin it's important to acquire a fundamental understanding of how Bitcoin works. What's even more matter is understanding its security aspects and how to secure your assets as effectively as possible.

IMO Holding Bitcoin is no joke, particularly for those who plan to hold it for a long term.

It would become hard if you have a lot and you are under 50.

If you have 10 coins right now are 45 years old and live in the USA it is good money but not life changing.

Now if coins moon to 225k and you have 10 of them you have 2.25 million.

At my age of 66 fuck it cash out the 2.25 million would make my remaining years easy. Combine that and the pensions my wife and I have we will travel and relax.

But at 45 with 2 kids looking to go to college in a few years the 2.25 million cash out move is far less tempting.  Maybe just cash enough to pay for the colleges say 250,000

[JayJuanGee]

The common advice in the crypto space is to get knowledge before investing. That it is important to understand it as a whole before investing in Bitcoin. In reality, this is not what happens or how it plays out. How it works is that we heard about Bitcoin, invested first, and asked questions later. However, at what point should we say that we have had proper knowledge and understanding to go ahead and invest in Bitcoin.  I think that it is when the individual feels that they are ready and I am also not against those who invest first and ask questions later. They'll learn the security , decentralization, and others on the "job". 

Actually questions never ends and if you think that you have completely covered all the questions and now there is no need to ask anything then you are wrong. There are experts who also ask something because one cannot get whole knowledge at once as new thing arises which a person has to understand.

A person should invest through proper knowledge and whenever his mind feel something new then he can ask because there is no boundary of knowledge. Now it is important that you will get the important knowledge about crypto, its Characteristics, volatility and strategies prior to investment then learn more knowledge when you do investment.

Yes, it's true, talking about knowledge that must be learned will certainly be endless, including knowledge in this bitcoin. Let's say someone who is really an expert on bitcoin with the knowledge they have, they still have to update their knowledge, because if not it will be left behind again because over time there will always be new knowledge that requires us to learn even deeper. Moreover, problems in this space always arise, and it can be the same as before or new problems that come to the surface. That is why we are required to always keep up with developments and something new that comes every time.

There surely are variations of this same topic in other forum threads, and I hate to be repeating myself too much... even though we realize that our state of knowledge about bitcoin and/or any topic is not any kind of static phenomena.. so at any time that we end up learning about what bitcoin is, there could be some preliminary questions regarding how much we might need to study in order to have at least of a basic idea that we understand it sufficiently enough to start to invest.. so our level of knowledge of bitcoin and our level of knowledge about ourselves in terms of finances and psychology will also affect both whether to start to invest and our initial position size....

Therefore starting to invest will help to inform us about some of the mechanics of getting bitcoin and holding it and then likely motivate us to learn more as we go and perhaps if we continue to invest.

For example, if we come to bitcoin and we already have a $100k investment portfolio that includes a variety of quasi-liquid assets, and we have an income that is around $50k per year, and if we decide to start out investing into bitcoin by buying $10 per week, and then how much do we need to know about bitcoin when our position size is so small relative to the size of our overall investment portfolio, versus if we were going to take a larger position size right from the start.

I am not going to necessarily presume that someone is starting with already having a $100k investment portfolio just like I am not going to presume that someone has not saved and/or invested previously, even though there have been quite a few studies to show that there are many normal folks all around the world who hardly have any investments, and they do not even have enough of a savings to last a month or two if their cashflow were to be cut off.

So frequently people are needing to work on themselves rather than trying to figure out what the fuck is bitcoin, and what is bitcoin is ONLY one of several prongs about what is preferable to be known when even figuring out whether or not to invest, and if so how large of a position size to take and/or what kind of a BTC accumulation strategy should be employed.

I am surely more inclined towards suggesting that people do not delay in getting started in terms of investing into bitcoin, but they still need to be spending some times making sure that they do not overdo their investment and they are working on learning as they go, which may or may not be a big ask.. but any investment does require at least some basic understandings regarding personal finance management in order to understand that investment monies is coming from discretionary income rather than being money that might be needed for living and/or emergency expenses, so if anyone new to bitcoin has not gone through some preliminary steps in terms of managing their own finances, then yeah they will likely end up getting themselves into trouble at some point not being able to hold through hight BTC price volatility periods.. which could be either selling at a loss or even selling too much too soon during periods that the BTC price is volatile to the upside.

So surely I am all for learning along the way and getting started as soon as possible and also that each person is responsible for his/her own decisions in regards to whether to get into bitcoin, how much to allocate and how to go forward with both building a position in order to get to target BTC accumulation levels and being able to maintain their stash once they reach their BTC accumulation target.... which is likely to also be a bit of a moving target.

Now before I got to know about Bitcoin talk I had heard a lot about Bitcoin and due to the vague information I had gotten without research I joined the group of person who thought Bitcoin was a get rich quick scheme or scam therefore I was limited by that idea. However joining this forum brought me a good sense of understanding of what the crypto space is about.

I will not blame those who consider Bitcoin a scam or those who consider themselves hard-line fanatics who do not like Bitcoin. That's something that happens all the time, not just in Bitcoin. Because basically their existence is necessary to make it a good opportunity for yourself whether you hold it or not. That way, the more they talk about Bitcoin, the deeper they dig and do research to keep telling the world that Bitcoin is a scam and such. Not a few of them finally realize, for example there are people who were initially anti-Bitcoin fanatics, then at one point they announced that they liked the Bitcoin system? Did you know that Larry Fink served as CEO of Blackrock? now where does the understanding end?

The busier they are in attacking Bitcoin, the busier they are doing research on Bitcoin.

These are not necessarily bad points @BigBos.  The longer that someone studies bitcoin, the more likely that they are going to feel that it is necessary to take some kind of a position in which they are starting to hold bitcoin rather than just rant about how they don't like it.

Normal people do need to take famous people with a bit of a grain of salt in terms of our own ways of figuring out our own finances, yet surely there are many of us who have been in the bitcoin space for a while and we have seen both a lot of people and also a lot of the talking points about bitcoin become more and more positive, even though some of the famous financial and/or rich people will some times talk out of both sides of their mouth.. or they will say that they are doing one thing but then it seems that they are doing something else.. or that some people are a bit low profile in their decisions to accumulate BTC, but sometimes they will still give some hints that they are accumulating BTC.

Another thing is that even very rich people do not necessarily know what the fuck they are doing, and that is likely part of the reason that so many of them got reckt through the FTX-related fiascos.  So they think that they are holding BTC and they end up holding exposure to BTC and perhaps those are signs of both greediness but also some laziness in terms of understanding how bitcoin works and/or attempting to take some personal responsibility in terms of trying to figure out how to hold it directly rather than relying on third parties who might not be very honest in how they hold the coins or even if they gamble with the coins or do not even have the coins they claim to have.

[Makus]

I am surely more inclined towards suggesting that people do not delay in getting started in terms of investing into bitcoin, but they still need to be spending some times making sure that they do not overdo their investment and they are working on learning as they go, which may or may not be a big ask.. but any investment does require at least some basic understandings regarding personal finance management in order to understand that investment monies is coming from discretionary income rather than being money that might be needed for living and/or emergency expenses, so if anyone new to bitcoin has not gone through some preliminary steps in terms of managing their own finances, then yeah they will likely end up getting themselves into trouble at some point not being able to hold through hight BTC price volatility periods.. which could be either selling at a loss or even selling too much too soon during periods that the BTC price is volatile to the upside.

In support of your comment I will say, it's not advisable for a person to jump into holding without having enough knowledge to guide him/her during the holding journey. Because, such person is prone to letting their emotions decide for them and that is as good as giving a one year old child a knife to play with as a toy, the outcome will always be disastrous. When emotion is made the decision making element of an investor instead of knowledge, the losses are incomparable.

Before one starts holding, it is crucial to have a broad understanding on the asset he or she intends to hold, if buying isn't the problem then I suggest knowledge before holding.

[Popkon6]

If you want to hold Bitcoin then you need to acquire knowledge about Bitcoin in the beginning. And then the next step is that you must acquire knowledge on how to buy bitcoins because in terms of holding you also need to know about the market. And you must be careful about how to store bitcoins like keeping your wallet keys in a safe place. So if a new person knows these things then surely he can play a substantial role in exchange and holding first. And going to the next step, you will definitely get success because the more times you hold, the more knowledge you will gain and the more success you will get.

[JayJuanGee]

I am surely more inclined towards suggesting that people do not delay in getting started in terms of investing into bitcoin, but they still need to be spending some times making sure that they do not overdo their investment and they are working on learning as they go, which may or may not be a big ask.. but any investment does require at least some basic understandings regarding personal finance management in order to understand that investment monies is coming from discretionary income rather than being money that might be needed for living and/or emergency expenses, so if anyone new to bitcoin has not gone through some preliminary steps in terms of managing their own finances, then yeah they will likely end up getting themselves into trouble at some point not being able to hold through hight BTC price volatility periods.. which could be either selling at a loss or even selling too much too soon during periods that the BTC price is volatile to the upside.

In support of your comment I will say, it's not advisable for a person to jump into holding without having enough knowledge to guide him/her during the holding journey. Because, such person is prone to letting their emotions decide for them and that is as good as giving a one year old child a knife to play with as a toy, the outcome will always be disastrous. When emotion is made the decision making element of an investor instead of knowledge, the losses are incomparable.

Before one starts holding, it is crucial to have a broad understanding on the asset he or she intends to hold, if buying isn't the problem then I suggest knowledge before holding.

I don't completely agree with what you are saying, because it seems that I am more of the get started as soon as possible camp.. and learn along the way. .even while at the same time, there are some basics that either need to be know or that should be knowable to most people - in spite of the tendencies that people have to gamble, rather than invest...

I have mixed ideas about your example of giving a knife to a 1 year old as a toy... . so I thought that kind of an example has quite a bit of potential... but then maybe it is a bit patronizing to be comparing newbie investors to infants of such inexperiences.. or that they are being given something.. so surely everyone has responsibility for their own actions, and surely the younger the kid, the less autonomy they have and the more they are completely dependent upon their parents.. but as they get older they become more and more able to support themselves, so whether we presume bitcoin investors to be adults or not, we likely need to be attempting to consider levels of maturity to be something like adults that might not be able to control their own impulses because they have not learned certain money management skills and/or many times they will not have much if any investing experiences... so those surely are dangers for normal people,.. and dangers for some more than others, even though I do attempt to presume adulthood even if some people who are first starting to invest into bitcoin might be a bit immature in their development of some of the seemingly basics.

[rachael9385]

I am surely more inclined towards suggesting that people do not delay in getting started in terms of investing into bitcoin, but they still need to be spending some times making sure that they do not overdo their investment and they are working on learning as they go, which may or may not be a big ask.. but any investment does require at least some basic understandings regarding personal finance management in order to understand that investment monies is coming from discretionary income rather than being money that might be needed for living and/or emergency expenses, so if anyone new to bitcoin has not gone through some preliminary steps in terms of managing their own finances, then yeah they will likely end up getting themselves into trouble at some point not being able to hold through hight BTC price volatility periods.. which could be either selling at a loss or even selling too much too soon during periods that the BTC price is volatile to the upside.

In support of your comment I will say, it's not advisable for a person to jump into holding without having enough knowledge to guide him/her during the holding journey. Because, such person is prone to letting their emotions decide for them and that is as good as giving a one year old child a knife to play with as a toy, the outcome will always be disastrous. When emotion is made the decision making element of an investor instead of knowledge, the losses are incomparable.

Before one starts holding, it is crucial to have a broad understanding on the asset he or she intends to hold, if buying isn't the problem then I suggest knowledge before holding.

I don't completely agree with what you are saying, because it seems that I am more of the get started as soon as possible camp.. and learn along the way. .even while at the same time, there are some basics that either need to be know or that should be knowable to most people - in spite of the tendencies that people have to gamble, rather than invest...

I have mixed ideas about your example of giving a knife to a 1 year old as a toy... . so I thought that kind of an example has quite a bit of potential... but then maybe it is a bit patronizing to be comparing newbie investors to infants of such inexperiences.. or that they are being given something.. so surely everyone has responsibility for their own actions, and surely the younger the kid, the less autonomy they have and the more they are completely dependent upon their parents.. but as they get older they become more and more able to support themselves, so whether we presume bitcoin investors to be adults or not, we likely need to be attempting to consider levels of maturity to be something like adults that might not be able to control their own impulses because they have not learned certain money management skills and/or many times they will not have much if any investing experiences... so those surely are dangers for normal people,.. and dangers for some more than others, even though I do attempt to presume adulthood even if some people who are first starting to invest into bitcoin might be a bit immature in their development of some of the seemingly basics.

I also support the idea of getting knowledge before the investment, like @makus already said earlier, about a child and a knife. That's a good instance. Let's think about the fact that new investors don't have any idea about Bitcoin but have the money for Bitcoin, and they bought BTC, and they don't have any strategy to accumulate or don't even have patience of hodl for long periods. What will be the benefits if they don't have Bitcoin knowledge?? Although investing in Bitcoin is important, having knowledge of Bitcoin is also important too. So I will agree that knowledge is the most important thing about everything.... If we don't have the knowledge of Bitcoin and also have no strategy, then we are at a loss in our investment.

From kids to adults, as a new investor, we should learn gradually as learning is a gradual process and not get all the knowledge of Bitcoin in just one. There might be a loss in our investment, so we can learn from it.

[serjent05]

Knowledge is more important, IMO.  Since knowledge gives us certainty over things, it is the motivating factor that drives us to HODL certain investment.  Without knowledge we will never have the courage to hodl.  Yes we can invest even without sufficient knowledge about the asset, but we will be easily shaken by FUD and bad news which will end up being a weak hand and sells all our investment at once.  Without knowledge we can easily succumb to manipulation making us sell easily. 

[Mr.right85]

I don't completely agree with what you are saying, because it seems that I am more of the get started as soon as possible camp.. and learn along the way. .even while at the same time, there are some basics that either need to be know or that should be knowable to most people - in spite of the tendencies that people have to gamble, rather than invest...

Learn as you ho certainly has its benefits as, you can take advantage of certain price offers but, it doesn’t permit you to make mistakes as they could prove costly. You can easily be a first victim to an experience but, that’s the risk in learning as you go.
Though, with proper mentorship and an extended curiosity, a lot could be averted before it occurs.

I have mixed ideas about your example of giving a knife to a 1 year old as a toy... . so I thought that kind of an example has quite a bit of potential... but then maybe it is a bit patronizing to be comparing newbie investors to infants of such inexperiences.. or that they are being given something.. so surely everyone has responsibility for their own actions, and surely the younger the kid, the less autonomy they have and the more they are completely dependent upon their parents..

Yeah, the knife to an infant analogy here don’t go as I feel they vary to a large extent. While an infant might make several mistakes before getting to learn a simple trick, the case is different for an adult when it comes to investing in a particular field and you could actually learn on the way except, your far better off learning first. Opportunities might be missed, you miss the chance of having to buy at certain prices where you met the coin and it was readily affordable but, that’s the price for the security you hope yo guarantee through learning.

[Asuspawer09]

I mean it would be easy just to get the knowledge first then if you then you already know Bitcoin and know what you're doing already then start investing and start holding your Bitcoin already, for sure you are going to make some mistakes, but you have this forum that could help you in some of your problems, personally, this forum is where I learn most of my knowledge in cryptocurrency space and pretty much all you need is already here.

In my experience, it wasn't really just the knowledge that you need in order to hold, what you need is multiple sources of income, because you can't really HODL if you just depend on one source of income,  meaning you're depending on the profit of cryptocurrency so if you needed that money badly your just gonna end up selling your cryptocurrency at a wrong price or wrong timing.

Both are still needed for sure, knowledge for sure is important and if your not going to use that knowledge and apply that on your holdings it would just be useless in the end so start your cryptocurrency journey if you think you already have the knowledge and apply it.

[SeriouslyGiveaway]

In my experience , it wasn't really just the knowledge that you need in order to hold, what you need is multiple sources of income, because you cant really HODL if your just depending on one source of income,  meaning your depending on the profit of cryptocurrency so if you needed that money badly your just gonna end up selling your cryptocurrency at a wrong price or wrong timing.

Yes, diversifying your income is really helpful in managing your finances and preventing anxiety. I faced this issue a few years ago when I was struggling with a limited income, and as a result, I had to sell my cryptos holdings before they experienced significant price increases.

Knowledge is more important, IMO.  Since knowledge gives us certainty over things, it is the motivating factor that drives us to HODL certain investment.  Without knowledge we will never have the courage to hodl.  Yes we can invest even without sufficient knowledge about the asset, but we will be easily shaken by FUD and bad news which will end up being a weak hand and sells all our investment at once.  Without knowledge we can easily succumb to manipulation making us sell easily. 

I completely agree with your point. Without proper knowledge, it's challenging to understand the reasons for holding an asset and when to hold it strongly or sell it, especially when feelings of fear, uncertainty, and doubt (FUD) arise.

[fuguebtc]

In my experience , it wasn't really just the knowledge that you need in order to hold, what you need is multiple sources of income, because you cant really HODL if your just depending on one source of income,  meaning your depending on the profit of cryptocurrency so if you needed that money badly your just gonna end up selling your cryptocurrency at a wrong price or wrong timing.

In investing, capital is always the first thing people think of, it is the way to start an investment, but in my opinion knowledge is equally important, even more important. Because when you have in-depth knowledge about a certain field, you can also make money from it, you can accumulate capital from your knowledge. Whether you are a trader or a holder, knowledge is always essential and a top priority. Without knowledge, no matter how much money you have, you will lose everything because you do not understand the fluctuations of bitcoin and the appropriate time to buy and sell.

[Crypto Library]

In my experience , it wasn't really just the knowledge that you need in order to hold, what you need is multiple sources of income, because you cant really HODL if your just depending on one source of income,  meaning your depending on the profit of cryptocurrency so if you needed that money badly your just gonna end up selling your cryptocurrency at a wrong price or wrong timing.

I would also like to agree with you at this point. All of us always saying hold Bitcoin hold Bitcoin. Never disagree with that Bitcoin holding is a great opportunity making a good profit but it will also can take long time for taking the profits.
So I think there is a need for knowledge and that is the pre-planning of long term holding.  I always say if there are lazy funds then hold bitcoin for long term. And besides, if you have a stable income, you can deduct five percent or 10% from it and make a weekly or monthly investment in Bitcoin. Having said that, I think you should acquire some fundamental knowledge about Bitcoin and its security.

[Blitzboy]

I mean it would be easy just get the knowledge first then if you then you already know Bitcoin and know what you're doing already then starting investing and start holding your Bitcoin already, for sure you are going to make some mistakes, but you have this forum that could help you in some of your problems, personally, this forum is where I learn most of my knowledge in cryptocurrency space and pretty much all you need is already here.

In my experience , it wasn't really just the knowledge that you need in order to hold, what you need is multiple sources of income, because you cant really HODL if your just depending on one source of income,  meaning your depending on the profit of cryptocurrency so if you needed that money badly your just gonna end up selling your cryptocurrency at a wrong price or wrong timing.

Your notion about learning first is correct. Right, right, right! Learning about Bitcoin and the crypto ecosystem is crucial, and forums like these are great resources. Its amazing you learned so much here. Earning must be learned, right?

Learning is important, but it may be daunting. You can get lost and confused with all the resources, forums, articles, and viewpoints out there. The solution? Maybe ask more questions, engage with the community, and keep learning.

You also mentioned important things like multiple income sources. Many overlook it, but you nailed it. Clinging to one revenue source prevents HODLing. Its unstable and can drive you to make rash financial decisions rather than a well-planned investing strategy. Diversify revenue streams to improve your stake. Stability and security matter in the financial jungle.

[Lantind]

In my experience , it wasn't really just the knowledge that you need in order to hold, what you need is multiple sources of income, because you cant really HODL if your just depending on one source of income,  meaning your depending on the profit of cryptocurrency so if you needed that money badly your just gonna end up selling your cryptocurrency at a wrong price or wrong timing.

In investing, capital is always the first thing people think of, it is the way to start an investment, but in my opinion knowledge is equally important, even more important. Because when you have in-depth knowledge about a certain field, you can also make money from it, you can accumulate capital from your knowledge. Whether you are a trader or a holder, knowledge is always essential and a top priority. Without knowledge, no matter how much money you have, you will lose everything because you do not understand the fluctuations of bitcoin and the appropriate time to buy and sell.

I think those who think too much about capital to be able to invest will never start investing. Starting to invest does require capital, but knowledge is what is really needed about the investment we are going to make. In my opinion, if we have a passive source of income, it will make it very easy for us to do this by taking the rest of our salary from what we need to be able to invest and most importantly, they have a good understanding of the profits they will receive and the risks of loss.
I really agree with you that with knowledge we can make money and we can invest with the money we make because no matter how much capital we have, it will run out without us understanding how to manage it well.

[JayJuanGee]

[edited out]

I also support the idea of getting knowledge before the investment, like @makus already said earlier, about a child and a knife. That's a good instance. Let's think about the fact that new investors don't have any idea about Bitcoin but have the money for Bitcoin, and they bought BTC, and they don't have any strategy to accumulate or don't even have patience of hodl for long periods. What will be the benefits if they don't have Bitcoin knowledge??

I am going to attempt to give my perspective by quoting myself.

These principle individual factors that influence your decision whether to invest into bitcoin and how to invest into bitcoin have financial, skills and psychological components that include:

1)   your cashflow,

2)   how much bitcoin you have already accumulated,

3)   your other investments (including cash reserves),

4)   your view of bitcoin as compared with other investments,

5)   your timeline,

6)   your risk tolerance,

7)   your time, skills, goals (investment/lifestyle targets, which includes figuring out the extent that you are in BTC accumulation, maintenance or liquidation stage),
 
8 )   your abilities to strategize, plan, research and learn along the way including tweaking strategies from time to time,
 
9)   your considering your time, your abilities and whether to trade, reallocate from time to time, to use of leverage and/or to use financial instruments... (and for sure the use of financial instruments, leverage and margin trading involve higher level skills and are not even necessary to still become richie in bitcoin's already existing asymmetric bet.)

You see that your knowledge and view of bitcoin is ONLY one of the factors that you need to consider when investing into bitcoin, so there is nothing wrong with making sure that you have that part sufficiently covered, but it is still ONLY one of the parts that needs to be considered.. and out of the 9 parts listed above, you are not going to perfect them right away.  You need to put them into practice and you need to figure out some portions of them better than others, and you might never get all of them perfect because they are likely to be moving targets that need to be adjusted at various points in time, instead of locked into a static plan that might not be as individually tailored if the plan does not get tweaked from time to time and in order to move with the times.

Sure, some aspects are going to be more solid than other aspects, and some aspects are not going to change very much, so when tweaks are made they might end up ONLY being necessary because of one or two of the 9 considerations rather than needing to overall the whole thing, while at the same time, one or two changes in any of the factors could have real large ramifications on the whole BTC investment plan including whether to get into bitcoin, how to get into bitcoin or even the need to get out (and/or how to get out).  And again, knowledge about bitcoin is ONLY one of the factors, and I am continuing to assert that it can be quite problematic to try to get to a perfect status regarding any of the parts, and there is likely to be sufficient levels of due diligence that permits getting started sooner rather than later and then adjusting along the way.

Although investing in Bitcoin is important, having knowledge of Bitcoin is also important too. So I will agree that knowledge is the most important thing about everything.... If we don't have the knowledge of Bitcoin and also have no strategy, then we are at a loss in our investment.

We may be saying similar things, but just in different ways and with differing emphasis.  I am not against the idea of getting some basic knowledge and/or developing some kind of an investment thesis and plan... but action is also quite important for the process of learning and the process of lessening the likelihood of too much procrastination that leads to higher and higher levels of paralysis.. and frequently it is better to get started sooner rather than layer, especially once you have some basic understandings.. and then if you are questioning some of your basic understandings, you are not likely going to end up being overly damaged by starting out small.. with something like $10 per week and maybe you are spending several weeks or even months learning some of the basics (depending on how much time you are able to spend at any time.. maybe some people are able to dedicate 8 hours a day for studying bitcoin, and others might ONLY be able to spend 2-4 hours per week for several months, and then maybe at some later point, they might have more time to look into bitcoin,

...and in the mean time, the newbie normie may well likely be better off starting investing into bitcoin with a small amount rather than putting it off... especially if they already reached a determination that it would likely be good to put 1% to 25% of their liquid investment portfolio into bitcoin, and if they already have an investment portfolio of $50k and if they are putting $10 per week into bitcoin, then it would take them a whole year of investing at that rate to even get to 1% of their investment portfolio in bitcoin.. that is if they were not continuing to invest in the other assets of their investment portfolio at the same time.. not even the investment portfolio is static when we make these kinds of allocation and accumulation decisions.

From kids to adults, as a new investor, we should learn gradually as learning is a gradual process and not get all the knowledge of Bitcoin in just one. There might be a loss in our investment, so we can learn from it.

You seem to be reading too much into my statement that suggests to get the fuck started right away and without delay.  From my perspective, I am not even saying that any newbie goes balls to the walls in his/her BTC investment approach, but I am still saying get started without delay, and if you might not know too much about bitcoin and you may well know that you are easily able to invest $100 per week, if you start with $10 per week while you are studying into bitcoin, it is likely way better than procrastinating 1-2 or even 6 months or longer because you are trying to learn things that likely are not even that central to your already base level of knowledge and your having had already determined that it would be a good thing to get some bitcoin.  Perhaps I am presuming already existing knowledge when there is already some level of conviction that it would be a good idea to get some bitcoin, so then get started right away with a small part as you continue to research further into it.

Are we each just repeating ourselves over and over?  I say get the fuck started as soon as you have basic level of knowledge and an idea that you want to invest, which may well not take more than a few hours to figure out... depending on your already existing knowledge (presuming adulthood and some basic level of experience to balance your accounting of your cashflow and your expenses), and you are perhaps presuming no knowledge, like a 1 year old... so our presumptions perhaps are different.. I understand that even an adult that only has basic understandings of their incoming cash versus their expenses will still likely need to learn how to invest, but I am not hesitating to suggest that they get the fuck started right away with bitcoin, and figure out the details as they go... and in regards to position size, and you are seeming to suggest that they need to spend time studying prior to getting started. Maybe we are not going to agree, and good luck with the procrastination that you are going to get by imposing those kinds of knowledge requirements prior to getting started with BTC investing.. which seems to be what an overwhelming of forum members are suggesting, but not this here cat.

I don't completely agree with what you are saying, because it seems that I am more of the get started as soon as possible camp.. and learn along the way. .even while at the same time, there are some basics that either need to be know or that should be knowable to most people - in spite of the tendencies that people have to gamble, rather than invest...

Learn as you ho certainly has its benefits as, you can take advantage of certain price offers but, it doesn’t permit you to make mistakes as they could prove costly. You can easily be a first victim to an experience but, that’s the risk in learning as you go.
Though, with proper mentorship and an extended curiosity, a lot could be averted before it occurs.

Position size also helps to address these matters.  A person who is learning as they go and invests $10 per week will end up investing $520 over a whole year, and so fucking what if they end up losing all of it while they are learning.  And if $520 over a whole year is too much, then start with $10 per month, and then you end up losing $120 over a year.. but at least if you are investing you are getting started and more incentivized to learn and even maybe in less than a year you are going to be able to adjust your situation in order to lessen the likelihood for mistakes.  Almost everyone makes mistakes in all kinds of areas of our lives. Yeah, we do not purposefully go in and try to make mistakes.  Instead we go in and we try to do everything the best that we can under our then knowledge status and we learn along the way... so I stick to my guns.. don't get bogged down by presuming that a vast majority of normies do not know how to balance their cashflow.. which is likely the ONLY prerequisite that I am expecting...

because I am also presuming that the newbie normie has reached a tentative conclusion that it would be a good thing to both learn about bitcoin and invest into it, and therefore my suggestion remains.. get the fuck started and don't be procrastinating and/or presuming that you don't know enough if you already know your general cashflow..  how much cash you have coming in and how many expenses you have and how much you have left and you can determine how much of that extra to put into bitcoin while you are learning.. .. so if you have $100 per week that is left, then maybe you start out with $10 per week into bitcoin... that's a good start. especially while learning, and then if you learn and learn and learn, then maybe over the course of a year or two, then you might slowly increase the $10 per week to become closer to the $100 per week.. using that disposable income level as a constant, even though over a year or two, you still might be making adjustments that also cause your disposable income levels to go up.. and for you to perhaps develop greater conviction towards bitcoin over that first year or two while learning.

I have mixed ideas about your example of giving a knife to a 1 year old as a toy... . so I thought that kind of an example has quite a bit of potential... but then maybe it is a bit patronizing to be comparing newbie investors to infants of such inexperiences.. or that they are being given something.. so surely everyone has responsibility for their own actions, and surely the younger the kid, the less autonomy they have and the more they are completely dependent upon their parents..

Yeah, the knife to an infant analogy here don’t go as I feel they vary to a large extent. While an infant might make several mistakes before getting to learn a simple trick, the case is different for an adult when it comes to investing in a particular field and you could actually learn on the way except, your far better off learning first.

Nearly all of the forum members are gravitating back to this same point that you are better off learning first... which seems quite strange to me.. I am sticking to my guns. .You are better off getting started as soon as possible, learn along the way and take a small enough position size that it does not matter if you lose it, but at the same time, you are neither trying to lose it and you do have to likely spend a bit of time in your preparations to figure out how much you are going to start out with and how you are going to gain exposure and then you can also tweak those matters along the way.. .where you buy your BTC, where you hold your BTC, and then later down the road, learning the aspects of self-custody, but the need for self custody is not necessarily a prerequisite to getting started in bitcoin, and maybe you spend a year or so investing a small amount, but then after you reach a certain level of holdings then you transfer that to self-custody.. but if you ended up screwing up because you got involved in some kind of an investment vehicle that does not allow you to take self custody, then you have to deal with that matter, but the mere fact that you made those kinds of mistakes does not take away from the value of getting the fuck started rather the waiting around until you have some kind of level of knowledge that involves what it takes many forum members years to figure out (depending on how much time that members had been spending to learn about bitcoin.. we still have forum members who have been on the forum for many years and  still seem to not know shit about bitcoin.,. and it could be part of the problem is that they spent a lot of time learning rather than acting.. and one of the better ways to learn is through acting.. or a combination of acting rather than telling yourself that you can wait.. blah blah blah.).

Opportunities might be missed, you miss the chance of having to buy at certain prices where you met the coin and it was readily affordable but, that’s the price for the security you hope yo guarantee through learning.

You are not going to avoid all of the mistakes merely because you wait.. and so instead of investing right away like I suggested, instead you wait for several weeks or several months or a year or two while you study and look into the matter, and all that shit you are supposedly learning is not really sinking in very well because you are not actively investing.. so then when the learned person actually starts to invest into BTC, then such learned person is still likely going to have to go through some learning that comes from actually putting all that learning into the practice of starting to buy bitcoin and I am not even sure if the prior learning is going to prevent (or lessen) the likelihood for various mistakes.. security or otherwise.... so yeah, go ahead and wait and get it all figured out prior to getting started, that's your choice.

[GigaBit]

In my experience , it wasn't really just the knowledge that you need in order to hold, what you need is multiple sources of income, because you cant really HODL if your just depending on one source of income,  meaning your depending on the profit of cryptocurrency so if you needed that money badly your just gonna end up selling your cryptocurrency at a wrong price or wrong timing.

In investing, capital is always the first thing people think of, it is the way to start an investment, but in my opinion knowledge is equally important, even more important. Because when you have in-depth knowledge about a certain field, you can also make money from it, you can accumulate capital from your knowledge. Whether you are a trader or a holder, knowledge is always essential and a top priority. Without knowledge, no matter how much money you have, you will lose everything because you do not understand the fluctuations of bitcoin and the appropriate time to buy and sell.

I think those who think too much about capital to be able to invest will never start investing. Starting to invest does require capital, but knowledge is what is really needed about the investment we are going to make. In my opinion, if we have a passive source of income, it will make it very easy for us to do this by taking the rest of our salary from what we need to be able to invest and most importantly, they have a good understanding of the profits they will receive and the risks of loss.
I really agree with you that with knowledge we can make money and we can invest with the money we make because no matter how much capital we have, it will run out without us understanding how to manage it well.

Yes, agree with your thought that investing does not require much capital. If an investor acquires his investment knowledge and starts investing by making small amount of money especially by following DCA then he can gradually increase his investment and he can solve the financial problem as well. But if he does not have knowledge, it is worthless even if he owns a lot of wealth because we often say that if a man is not educated then he is blind even though he has eyes. In the same way it can be said that without investment knowledge he will not be able to see what is offered to him no matter how good it is. So capital is not always the important thing in investment.

[rachael9385]

Nearly all of the forum members are gravitating back to this same point that you are better off learning first... which seems quite strange to me.. I am sticking to my guns. .You are better off getting started as soon as possible, learn along the way and take a small enough position size that it does not matter if you lose it, but at the same time, you are neither trying to lose it and you do have to likely spend a bit of time in your preparations to figure out how much you are going to start out with and how you are going to gain exposure and then you can also tweak those matters along the way.. .where you buy your BTC, where you hold your BTC, and then later down the road, learning the aspects of self-custody, but the need for self custody is not necessarily a prerequisite to getting started in bitcoin, and maybe you spend a year or so investing a small amount, but then after you reach a certain level of holdings then you transfer that to self-custody.. but if you ended up screwing up because you got involved in some kind of an investment vehicle that does not allow you to take self custody, then you have to deal with that matter, but the mere fact that you made those kinds of mistakes does not take away from the value of getting the fuck started rather the waiting around until you have some kind of level of knowledge that involves what it takes many forum members years to figure out

  , you said something, and it is quite funny though, you said Nearly all of the forum members are gravitating back to this same point that you are better off learning first... which seems quite strange to me.. I am sticking my guns... , yes you can still stick to your guns. But you know we can't all do the same thing, like, some might learn before they start investing and some might like to invest while they are learning and others can invest without even learning if they see someone who is already making profits, so it is all depending on the characters of the investors and not the investments or even the knowledge.

Your points are clear, and I also support that investing along the line you are learning is a good start, and it shows that the person is so serious about what he wants, and he doesn't care if he loses it or not. I do understand that the little capital at that time was just like materials for practical practice, so without practice the knowledge is meaningless.

(Depending on how much time that members had been spending to learn about bitcoin.. we still have forum members who have been on the forum for many years and  still seem to not know shit about bitcoin.,. and it could be part of the problem is that they spent a lot of time learning rather than acting.. and one of the better ways to learn is through acting.. or a combination of acting rather than telling yourself that you can wait.. blah blah blah.).

Yes, it's true, there are a lot of them, it is not that I want to support them, but sometimes it seems that most of them are too occupied with activities either on the forum or outside the forum, talking about the ones from the forum. I think most of them are in the bounty sections doing other stuff instead of learning Bitcoin.
Spending a lot of time learning about Bitcoin is the fastest way to learn about Bitcoin.

[kro55]

In my experience , it wasn't really just the knowledge that you need in order to hold, what you need is multiple sources of income, because you cant really HODL if your just depending on one source of income,  meaning your depending on the profit of cryptocurrency so if you needed that money badly your just gonna end up selling your cryptocurrency at a wrong price or wrong timing.

In investing, capital is always the first thing people think of, it is the way to start an investment, but in my opinion knowledge is equally important, even more important. Because when you have in-depth knowledge about a certain field, you can also make money from it, you can accumulate capital from your knowledge. Whether you are a trader or a holder, knowledge is always essential and a top priority. Without knowledge, no matter how much money you have, you will lose everything because you do not understand the fluctuations of bitcoin and the appropriate time to buy and sell.

I think those who think too much about capital to be able to invest will never start investing. Starting to invest does require capital, but knowledge is what is really needed about the investment we are going to make. In my opinion, if we have a passive source of income, it will make it very easy for us to do this by taking the rest of our salary from what we need to be able to invest and most importantly, they have a good understanding of the profits they will receive and the risks of loss.
I really agree with you that with knowledge we can make money and we can invest with the money we make because no matter how much capital we have, it will run out without us understanding how to manage it well.

Yes, agree with your thought that investing does not require much capital. If an investor acquires his investment knowledge and starts investing by making small amount of money especially by following DCA then he can gradually increase his investment and he can solve the financial problem as well. But if he does not have knowledge, it is worthless even if he owns a lot of wealth because we often say that if a man is not educated then he is blind even though he has eyes. In the same way it can be said that without investment knowledge he will not be able to see what is offered to him no matter how good it is. So capital is not always the important thing in investment.

Both are equally important and necessary. If you only have knowledge and don't have much capital, you need to make a lot of effort to accumulate capital and increase investment. While those with both large capital and knowledge will have an easier time on their investment path. But you're right, if we only have capital but no knowledge, it will only lead to failure. So in my opinion, capital and knowledge are things we need to prepare carefully before deciding to invest in bitcoin.

[Popkon6]

In my experience , it wasn't really just the knowledge that you need in order to hold, what you need is multiple sources of income, because you cant really HODL if your just depending on one source of income,  meaning your depending on the profit of cryptocurrency so if you needed that money badly your just gonna end up selling your cryptocurrency at a wrong price or wrong timing.

In investing, capital is always the first thing people think of, it is the way to start an investment, but in my opinion knowledge is equally important, even more important. Because when you have in-depth knowledge about a certain field, you can also make money from it, you can accumulate capital from your knowledge. Whether you are a trader or a holder, knowledge is always essential and a top priority. Without knowledge, no matter how much money you have, you will lose everything because you do not understand the fluctuations of bitcoin and the appropriate time to buy and sell.

I think those who think too much about capital to be able to invest will never start investing. Starting to invest does require capital, but knowledge is what is really needed about the investment we are going to make. In my opinion, if we have a passive source of income, it will make it very easy for us to do this by taking the rest of our salary from what we need to be able to invest and most importantly, they have a good understanding of the profits they will receive and the risks of loss.
I really agree with you that with knowledge we can make money and we can invest with the money we make because no matter how much capital we have, it will run out without us understanding how to manage it well.

Yes, agree with your thought that investing does not require much capital. If an investor acquires his investment knowledge and starts investing by making small amount of money especially by following DCA then he can gradually increase his investment and he can solve the financial problem as well. But if he does not have knowledge, it is worthless even if he owns a lot of wealth because we often say that if a man is not educated then he is blind even though he has eyes. In the same way it can be said that without investment knowledge he will not be able to see what is offered to him no matter how good it is. So capital is not always the important thing in investment.

Both are equally important and necessary. If you only have knowledge and don't have much capital, you need to make a lot of effort to accumulate capital and increase investment. While those with both large capital and knowledge will have an easier time on their investment path. But you're right, if we only have capital but no knowledge, it will only lead to failure. So in my opinion, capital and knowledge are things we need to prepare carefully before deciding to invest in bitcoin.

Knowledge and money alone do not qualify people, there must be willingness to invest here. Because investing requires the ability to accept risk. But I think it is easy for a person to earn money if he has the knowledge and if he has the money he must have the will to invest and the money can be managed with Bitcoin the risk will be less. Because investing in Bitcoin requires knowledge, money, and the will power to invest, the ability to take risks is what an ideal investor is all about.

[rachael9385]

Yes, agree with your thought that investing does not require much capital. If an investor acquires his investment knowledge and starts investing by making small amount of money especially by following DCA then he can gradually increase his investment and he can solve the financial problem as well. But if he does not have knowledge, it is worthless even if he owns a lot of wealth because we often say that if a man is not educated then he is blind even though he has eyes. In the same way it can be said that without investment knowledge he will not be able to see what is offered to him no matter how good it is. So capital is not always the important thing in investment.

Both are equally important and necessary. If you only have knowledge and don't have much capital, you need to make a lot of effort to accumulate capital and increase investment. While those with both large capital and knowledge will have an easier time on their investment path. But you're right, if we only have capital but no knowledge, it will only lead to failure. So in my opinion, capital and knowledge are things we need to prepare carefully before deciding to invest in bitcoin.

Yes, both of them are important, but that doesn't mean if you don't have much capital you shouldn't start your investment plans, like @JJG has been saying all this while, that you don't need much capital to start investing in Bitcoin, you can use at least $10 to start investing Bitcoin, but if you think that a $10 is too big to get before starting then try $5.

Once you have your first BTC with low capital, anytime you have another small amount of money you can still accumulate, even little by little, you will see that you have accumulated more than the amount you are planning to get without even you noticing it.
As a new investor, they should avoid procrastination because procrastinating can easily cause a person not to even invest in Bitcoin, so they should avoid it.

[n00ber]

Yes, agree with your thought that investing does not require much capital. If an investor acquires his investment knowledge and starts investing by making small amount of money especially by following DCA then he can gradually increase his investment and he can solve the financial problem as well. But if he does not have knowledge, it is worthless even if he owns a lot of wealth because we often say that if a man is not educated then he is blind even though he has eyes. In the same way it can be said that without investment knowledge he will not be able to see what is offered to him no matter how good it is. So capital is not always the important thing in investment.

Both are equally important and necessary. If you only have knowledge and don't have much capital, you need to make a lot of effort to accumulate capital and increase investment. While those with both large capital and knowledge will have an easier time on their investment path. But you're right, if we only have capital but no knowledge, it will only lead to failure. So in my opinion, capital and knowledge are things we need to prepare carefully before deciding to invest in bitcoin.

Yes, both of them are important, but that doesn't mean if you don't have much capital you shouldn't start your investment plans, like @JJG has been saying all this while, that you don't need much capital to start investing in Bitcoin, you can use at least $10 to start investing Bitcoin, but if you think that a $10 is too big to get before starting then try $5.

Once you have your first BTC with low capital, anytime you have another small amount of money you can still accumulate, even little by little, you will see that you have accumulated more than the amount you are planning to get without even you noticing it.
As a new investor, they should avoid procrastination because procrastinating can easily cause a person not to even invest in Bitcoin, so they should avoid it.

Exactly, and that's what differentiates bitcoin from all other assets or investments. We can start with minimal capital to invest in bitcoin, unlike investments that require fixed amounts or require large capital like real estate and that is a barrier huge for many people. Bitcoin is special and most friendly to everyone because people can invest with any amount of capital or can accumulate over time. Although it is not much related to this topic, I would like to add that, bitcoin is for everyone.

[Negotiation]

In my experience , it wasn't really just the knowledge that you need in order to hold, what you need is multiple sources of income, because you cant really HODL if your just depending on one source of income,  meaning your depending on the profit of cryptocurrency so if you needed that money badly your just gonna end up selling your cryptocurrency at a wrong price or wrong timing.

In investing, capital is always the first thing people think of, it is the way to start an investment, but in my opinion knowledge is equally important, even more important. Because when you have in-depth knowledge about a certain field, you can also make money from it, you can accumulate capital from your knowledge. Whether you are a trader or a holder, knowledge is always essential and a top priority. Without knowledge, no matter how much money you have, you will lose everything because you do not understand the fluctuations of bitcoin and the appropriate time to buy and sell.

Yes not only for investing in bitcoin but knowledge is needed in every job gaining knowledge is very helpful in managing and growing our personal and professional life it makes us efficient and thereby effective. A wise person is always respected in society a well-read or knowledgeable person is considered an expert offering valuable suggestions or advice. Also with enough knowledge bitcoin investment will become easy to provide guidance to meet all the inevitable needs of people.

[yazher]

Knowledge is more important, IMO.  Since knowledge gives us certainty over things, it is the motivating factor that drives us to HODL certain investment.  Without knowledge we will never have the courage to hodl.  Yes we can invest even without sufficient knowledge about the asset, but we will be easily shaken by FUD and bad news which will end up being a weak hand and sells all our investment at once.  Without knowledge we can easily succumb to manipulation making us sell easily. 

That's why it is always recommended to do your own research before investing because lots of those blind followers are just relying on YouTube influencers which they regret because the promotions were just cherry-picking and they didn't tackle the bad side of the project. When they realized that they were fooled, it was already too late because the price of the altcoins was already below their capitals and others were made to believe that the price would pump up again which was not really the case and they ended up losing all their capitals because they actually believed other lies.

[rachael9385]

Yes, agree with your thought that investing does not require much capital. If an investor acquires his investment knowledge and starts investing by making small amount of money especially by following DCA then he can gradually increase his investment and he can solve the financial problem as well. But if he does not have knowledge, it is worthless even if he owns a lot of wealth because we often say that if a man is not educated then he is blind even though he has eyes. In the same way it can be said that without investment knowledge he will not be able to see what is offered to him no matter how good it is. So capital is not always the important thing in investment.

Both are equally important and necessary. If you only have knowledge and don't have much capital, you need to make a lot of effort to accumulate capital and increase investment. While those with both large capital and knowledge will have an easier time on their investment path. But you're right, if we only have capital but no knowledge, it will only lead to failure. So in my opinion, capital and knowledge are things we need to prepare carefully before deciding to invest in bitcoin.

Yes, both of them are important, but that doesn't mean if you don't have much capital you shouldn't start your investment plans, like @JJG has been saying all this while, that you don't need much capital to start investing in Bitcoin, you can use at least $10 to start investing Bitcoin, but if you think that a $10 is too big to get before starting then try $5.

Once you have your first BTC with low capital, anytime you have another small amount of money you can still accumulate, even little by little, you will see that you have accumulated more than the amount you are planning to get without even you noticing it.
As a new investor, they should avoid procrastination because procrastinating can easily cause a person not to even invest in Bitcoin, so they should avoid it.

Although it is not much related to this topic, I would like to add that, bitcoin is for everyone.

Moreover, you might be right, but let's talk about those specific people that don't accept Bitcoin in their lives or to be part of their life. You know if someone doesn't like something, it is hard to persuade them about what they don't like, but on the other hand, their mind might change to accept Bitcoin, but it can be hard though, so the most interesting thing is that everyone must not invest in Bitcoin no matter how it is legit.

The reason why I said what I said is because, some might give excuses that they dont have money to invest in Bitcoin, some can still say there expenses are too much that they can't add another (investing) to it. those who believe that Bitcoin can be profitable if they hodl for a long period will invest without looking at there expenses, they will just reduce it and invest in Bitcoin, if you look closely, you will see that most of the investors today, are the risk takers and you know that everybody is not a risk taker.... So, Bitcoin is for specific people. I once thought that Bitcoin was for everyone, but I later found out it is not.

[CryptoHeadlineNews]

Knowledge is more important, IMO.  Since knowledge gives us certainty over things, it is the motivating factor that drives us to HODL certain investment.  Without knowledge we will never have the courage to hodl.  Yes we can invest even without sufficient knowledge about the asset, but we will be easily shaken by FUD and bad news which will end up being a weak hand and sells all our investment at once.  Without knowledge we can easily succumb to manipulation making us sell easily. 

That's why it is always recommended to do your own research before investing because lots of those blind followers are just relying on YouTube influencers which they regret because the promotions were just cherry-picking and they didn't tackle the bad side of the project. When they realized that they were fooled, it was already too late because the price of the altcoins was already below their capitals and others were made to believe that the price would pump up again which was not really the case and they ended up losing all their capitals because they actually believed other lies.

And it is that same process of Doing Your Own Research (DYOR) that we call "Knowledge" my friend, just as O.P and most people elaborated on this thread, because though its true that anybody can invest in Bitcoin, but one thing certain is that the person with the right knowledge stand a better chance to make better decisions regarding his Bitcoin investment than someone who is totally ignorant. Because for example, imagine few months ago when the mempool was high (i.e resulting to a high BTC transaction fee), whereby in other to transfer $100 worth of BTC, we were told the fee was $50 (i.e half of the amount), and as such, there is a high tendency for person with no knowledge to have executed such transaction, whereas those who understand how it works skip or keep hodling until the transaction fee reduces.

Secondly, Youtubers are the least people to believe anything they say, as most people are there for the views to generate much funds, whereas, it only take a few who cares about their subscribers.

[Sophokles]

Yes, agree with your thought that investing does not require much capital. If an investor acquires his investment knowledge and starts investing by making small amount of money especially by following DCA then he can gradually increase his investment and he can solve the financial problem as well. But if he does not have knowledge, it is worthless even if he owns a lot of wealth because we often say that if a man is not educated then he is blind even though he has eyes. In the same way it can be said that without investment knowledge he will not be able to see what is offered to him no matter how good it is. So capital is not always the important thing in investment.

Both are equally important and necessary. If you only have knowledge and don't have much capital, you need to make a lot of effort to accumulate capital and increase investment. While those with both large capital and knowledge will have an easier time on their investment path. But you're right, if we only have capital but no knowledge, it will only lead to failure. So in my opinion, capital and knowledge are things we need to prepare carefully before deciding to invest in bitcoin.

Yes, both of them are important, but that doesn't mean if you don't have much capital you shouldn't start your investment plans, like @JJG has been saying all this while, that you don't need much capital to start investing in Bitcoin, you can use at least $10 to start investing Bitcoin, but if you think that a $10 is too big to get before starting then try $5.

Once you have your first BTC with low capital, anytime you have another small amount of money you can still accumulate, even little by little, you will see that you have accumulated more than the amount you are planning to get without even you noticing it.
As a new investor, they should avoid procrastination because procrastinating can easily cause a person not to even invest in Bitcoin, so they should avoid it.

Although it is not much related to this topic, I would like to add that, bitcoin is for everyone.

Moreover, you might be right, but let's talk about those specific people that don't accept Bitcoin in their lives or to be part of their life. You know if someone doesn't like something, it is hard to persuade them about what they don't like, but on the other hand, their mind might change to accept Bitcoin, but it can be hard though, so the most interesting thing is that everyone must not invest in Bitcoin no matter how it is legit.

The reason why I said what I said is because, some might give excuses that they dont have money to invest in Bitcoin, some can still say there expenses are too much that they can't add another (investing) to it. those who believe that Bitcoin can be profitable if they hodl for a long period will invest without looking at there expenses, they will just reduce it and invest in Bitcoin, if you look closely, you will see that most of the investors today, are the risk takers and you know that everybody is not a risk taker.... So, Bitcoin is for specific people. I once thought that Bitcoin was for everyone, but I later found out it is not.

Why do you need to persuade others to change their mind? You are not a prophet and everybody needs to accept your ideology. I saw on the internet that some villagers in India were destroying a solar panel project because their priest told them the technology was evil. It's shocking to see such narrow mindness in this era where most of the mystery can be explained through science. Some people will never change their stance due to their adamant beliefs.

[JayJuanGee]

I would like to add that, bitcoin is for everyone.

I like that expression.

Bitcoin is for everyone.

Also:

Bitcoin is for anyone.



At the same time, you are likely not going to get any bitcoin unless you take some kind of action.

Sure someone could gift it to you, but you still have to set up a wallet or figure something out, so likely it is better to attempt to be a bit proactive with bitcoin as an opportunity that is for everyone and for anyone, but you are likely going to be favored based on early action rather than just sitting around and not doing anything.. yet even  the nocoiner and the low coiners are going to be more and more benefitted by the existence of bitcoin, even if they do not own any .. because bitcoin creates incentive systems and fairness that benefits all of society in terms of fair access, and you really get more benefit from bitcoin if you actually attempt to own some of it, even if you do not own very much and even if it takes you several years to accumulate a meaningful amount.

For example, $10 a week would be better than $10 per month, but even if you just invest $10 per month in bitcoin, you are quite likely going to be in a better position 5-10 years in the future, even if you might have ONLY ened up buying $1,200 worth of bitcoin over a 10 year period.

So the amount of your BTC accumulation is partially up to you... and sure it is better if you have more disposable income, but you gotta work with what you got, and if you have some disposable income but you do not invest any into bitcoin, then you might not have as many options if you continue to persist with such behaviors of NOT buying any bitcoin.

[edited out]

Moreover, you might be right, but let's talk about those specific people that don't accept Bitcoin in their lives or to be part of their life. You know if someone doesn't like something, it is hard to persuade them about what they don't like, but on the other hand, their mind might change to accept Bitcoin, but it can be hard though, so the most interesting thing is that everyone must not invest in Bitcoin no matter how it is legit.

The reason why I said what I said is because, some might give excuses that they dont have money to invest in Bitcoin, some can still say there expenses are too much that they can't add another (investing) to it. those who believe that Bitcoin can be profitable if they hodl for a long period will invest without looking at there expenses, they will just reduce it and invest in Bitcoin, if you look closely, you will see that most of the investors today, are the risk takers and you know that everybody is not a risk taker.... So, Bitcoin is for specific people. I once thought that Bitcoin was for everyone, but I later found out it is not.

Bitcoin is still for everyone and for anyone, even if some people choose not to take advantage of it.

Bitcoin is still available for everyone and anyone.

There are some people who are going to take advantage of bitcoin (and getting into bitcoin) more than others, and some people have more disposable income than others.

There are some folks with a lot of disposable income but they choose not to get involved in bitcoin accumulation, and there are people who have way less disposable income who do choose to get involved in bitcoin accumulation, and likely those who choose to get involved in bitcoin accumulation are going to benefit from the ongoing wealth transference that seems to be taking place through bitcoin.

There are not too many barriers to entry in regards to bitcoin except maybe figuring out how to hold bitcoin, and then some jurisdictions do have restrictions on bitcoin, but even the restrictions of some jurisdictions would not be able to stop all people from getting bitcoin if such people really were to want to get bitcoin. .bitcoin is not stopping them from getting bitcoin, even if their governments might be putting barriers in place.

[rachael9385]

Moreover, you might be right, but let's talk about those specific people that don't accept Bitcoin in their lives or to be part of their life. You know if someone doesn't like something, it is hard to persuade them about what they don't like, but on the other hand, their mind might change to accept Bitcoin, but it can be hard though, so the most interesting thing is that everyone must not invest in Bitcoin no matter how it is legit.

The reason why I said what I said is because, some might give excuses that they dont have money to invest in Bitcoin, some can still say there expenses are too much that they can't add another (investing) to it. those who believe that Bitcoin can be profitable if they hodl for a long period will invest without looking at there expenses, they will just reduce it and invest in Bitcoin, if you look closely, you will see that most of the investors today, are the risk takers and you know that everybody is not a risk taker.... So, Bitcoin is for specific people. I once thought that Bitcoin was for everyone, but I later found out it is not.

Bitcoin is still for everyone and for anyone, even if some people choose not to take advantage of it.

Bitcoin is still available for everyone and anyone.

There are some people who are going to take advantage of bitcoin (and getting into bitcoin) more than others, and some people have more disposable income than others.

There are some folks with a lot of disposable income but they choose not to get involved in bitcoin accumulation, and there are people who have way less disposable income who do choose to get involved in bitcoin accumulation, and likely those who choose to get involved in bitcoin accumulation are going to benefit from the ongoing wealth transference that seems to be taking place through bitcoin.

There are not too many barriers to entry in regards to bitcoin except maybe figuring out how to hold bitcoin, and then some jurisdictions do have restrictions on bitcoin, but even the restrictions of some jurisdictions would not be able to stop all people from getting bitcoin if such people really were to want to get bitcoin. .bitcoin is not stopping them from getting bitcoin, even if their governments might be putting barriers in place.

At first, I believed that Bitcoin is for everyone, so I created a thread tittle BITCOIN IS FOR EVERYBODY BUT WE MUST ACCEPT IT BEFORE IT CAN OURS, so now I think we are saying the same thing because I believed BTC is for everybody, and so I created that thread and most users didn't agree to what I was saying, (so if you check through the thread you will understand) and then I was like calming my self down, and now you have also said the same thing I once said.

I still believe that Bitcoin is for everyone and people must accept it before it can be ours, so people have to take advantage of it now, as this is the best time to start holding bitcoin for future purposes. I have figured out that some people are very comfortable with the amount of salaries they receive. That's why some of them are not ready to invest in Bitcoin, but it will be for their own good.

[JayJuanGee]

Moreover, you might be right, but let's talk about those specific people that don't accept Bitcoin in their lives or to be part of their life. You know if someone doesn't like something, it is hard to persuade them about what they don't like, but on the other hand, their mind might change to accept Bitcoin, but it can be hard though, so the most interesting thing is that everyone must not invest in Bitcoin no matter how it is legit.

The reason why I said what I said is because, some might give excuses that they dont have money to invest in Bitcoin, some can still say there expenses are too much that they can't add another (investing) to it. those who believe that Bitcoin can be profitable if they hodl for a long period will invest without looking at there expenses, they will just reduce it and invest in Bitcoin, if you look closely, you will see that most of the investors today, are the risk takers and you know that everybody is not a risk taker.... So, Bitcoin is for specific people. I once thought that Bitcoin was for everyone, but I later found out it is not.

Bitcoin is still for everyone and for anyone, even if some people choose not to take advantage of it.

Bitcoin is still available for everyone and anyone.

There are some people who are going to take advantage of bitcoin (and getting into bitcoin) more than others, and some people have more disposable income than others.

There are some folks with a lot of disposable income but they choose not to get involved in bitcoin accumulation, and there are people who have way less disposable income who do choose to get involved in bitcoin accumulation, and likely those who choose to get involved in bitcoin accumulation are going to benefit from the ongoing wealth transference that seems to be taking place through bitcoin.

There are not too many barriers to entry in regards to bitcoin except maybe figuring out how to hold bitcoin, and then some jurisdictions do have restrictions on bitcoin, but even the restrictions of some jurisdictions would not be able to stop all people from getting bitcoin if such people really were to want to get bitcoin. .bitcoin is not stopping them from getting bitcoin, even if their governments might be putting barriers in place.

At first, I believed that Bitcoin is for everyone, so I created a thread tittle BITCOIN IS FOR EVERYBODY BUT WE MUST ACCEPT IT BEFORE IT CAN OURS, so now I think we are saying the same thing because I believed BTC is for everybody, and so I created that thread and most users didn't agree to what I was saying, (so if you check through the thread you will understand) and then I was like calming my self down, and now you have also said the same thing I once said.

I still believe that Bitcoin is for everyone and people must accept it before it can be ours, so people have to take advantage of it now, as this is the best time to start holding bitcoin for future purposes. I have figured out that some people are very comfortable with the amount of salaries they receive. That's why some of them are not ready to invest in Bitcoin, but it will be for their own good.

I will take a look at that thread... .. within the coming days (if I am able to.. I put it on my list of threads to look at) and maybe we are saying similar things, but I do get the sense that you are waffling a bit more than me in terms of trying to suggest that rich people have advantages and those kinds of BTC accumulation kinds of things, which sure there is truth to some of those kinds of claims, but it probably remains somewhat distracting to the overall idea that a lot of rich people are not taking advantage of their advantage because they are either too busy ignoring bitcoin or not engaging in actual bitcoin stacking practices, so in that regard, even poor people can get ahead of their rich counter-parts with bitcoin as long as they manage their bitcoin investment in ways that mostly result in ongoing BTC accumulation.. and that they do not cause themselves to get reckt by engaging in too much risky and/or sloppy behaviors..

Sure it is harder to reck some rich people, but the world is not going to change over night and some rich people make pretty dumbass mistakes too.. including that most of the world 99% or so.. do not have any fucking clue about bitcoin (even if they heard the word and they think that they know what it is... which means that even rich people are not buying bitcoin), and that is likely part of the reason that bitcoin is going to continue to serve as one of the greatest (if not the greatest) wealth transfer vehicle that man has ever seen, and anyone and everyone can advantage of bitcoin as long as they act in a relatively prudent way in terms of making sure that they are ongoingly accumulating bitcoin but without overly doing it in such a way that they get greedy, and then maybe they will end up not advantaging themselves or advantaging themselves much less because they got greedy.. or made some other mistakes that caused them to get separated from their coins much sooner than they should have had been separated..

..so in some sense each of us should be attempting to keep a decent amount of our bitcoin in private kinds of ways so that we protect ourselves from too much third party exposure (some third party exposure is o.k. and probably just a part of living in the modern world), but even with private storage of our keys, we have to be careful not to end up locking ourselves out of our keys/bitcoin. 

I heard this expression the other day that there is a certain percentage of bitcoins that are lost forever, but the owner of those bitcoin don't yet realize that their coins are lost forever.. but once they go to move their coins or to take advantage of their coins, they will find out that they do not have access to the coins that they thought that they had.

It is not necessarily easy to be a bitcoin accumulator and HODLer.. even if there remain a lot of ongoingly great ways to benefit from being a long term bitcoin accumulator / HODLer.

[kro55]

In my experience , it wasn't really just the knowledge that you need in order to hold, what you need is multiple sources of income, because you cant really HODL if your just depending on one source of income,  meaning your depending on the profit of cryptocurrency so if you needed that money badly your just gonna end up selling your cryptocurrency at a wrong price or wrong timing.

In investing, capital is always the first thing people think of, it is the way to start an investment, but in my opinion knowledge is equally important, even more important. Because when you have in-depth knowledge about a certain field, you can also make money from it, you can accumulate capital from your knowledge. Whether you are a trader or a holder, knowledge is always essential and a top priority. Without knowledge, no matter how much money you have, you will lose everything because you do not understand the fluctuations of bitcoin and the appropriate time to buy and sell.

I think those who think too much about capital to be able to invest will never start investing. Starting to invest does require capital, but knowledge is what is really needed about the investment we are going to make. In my opinion, if we have a passive source of income, it will make it very easy for us to do this by taking the rest of our salary from what we need to be able to invest and most importantly, they have a good understanding of the profits they will receive and the risks of loss.
I really agree with you that with knowledge we can make money and we can invest with the money we make because no matter how much capital we have, it will run out without us understanding how to manage it well.

Yes, agree with your thought that investing does not require much capital. If an investor acquires his investment knowledge and starts investing by making small amount of money especially by following DCA then he can gradually increase his investment and he can solve the financial problem as well. But if he does not have knowledge, it is worthless even if he owns a lot of wealth because we often say that if a man is not educated then he is blind even though he has eyes. In the same way it can be said that without investment knowledge he will not be able to see what is offered to him no matter how good it is. So capital is not always the important thing in investment.

Both are equally important and necessary. If you only have knowledge and don't have much capital, you need to make a lot of effort to accumulate capital and increase investment. While those with both large capital and knowledge will have an easier time on their investment path. But you're right, if we only have capital but no knowledge, it will only lead to failure. So in my opinion, capital and knowledge are things we need to prepare carefully before deciding to invest in bitcoin.

Knowledge and money alone do not qualify people, there must be willingness to invest here. Because investing requires the ability to accept risk. But I think it is easy for a person to earn money if he has the knowledge and if he has the money he must have the will to invest and the money can be managed with Bitcoin the risk will be less. Because investing in Bitcoin requires knowledge, money, and the will power to invest, the ability to take risks is what an ideal investor is all about.

When you have knowledge, it means you understand bitcoin very well, you know the benefits and risks you face, and whether you can accept the risk or not depends on your knowledge. On the contrary, if you like taking risks but do not have knowledge, it will not bring you any benefit. Just like gambling addicts, they are willing to accept risks to receive greater rewards but because they have no knowledge, they choose to gamble based on luck. But in the end most of them are losses.

Once you have the knowledge, you will have everything you need to start your investing journey, including the willingness that will also be born from it.

[Odohu]

Moreover, you might be right, but let's talk about those specific people that don't accept Bitcoin in their lives or to be part of their life. You know if someone doesn't like something, it is hard to persuade them about what they don't like, but on the other hand, their mind might change to accept Bitcoin, but it can be hard though, so the most interesting thing is that everyone must not invest in Bitcoin no matter how it is legit.

The reason why I said what I said is because, some might give excuses that they dont have money to invest in Bitcoin, some can still say there expenses are too much that they can't add another (investing) to it. those who believe that Bitcoin can be profitable if they hodl for a long period will invest without looking at there expenses, they will just reduce it and invest in Bitcoin, if you look closely, you will see that most of the investors today, are the risk takers and you know that everybody is not a risk taker.... So, Bitcoin is for specific people. I once thought that Bitcoin was for everyone, but I later found out it is not.

Bitcoin is still for everyone and for anyone, even if some people choose not to take advantage of it.

Bitcoin is still available for everyone and anyone.

There are some people who are going to take advantage of bitcoin (and getting into bitcoin) more than others, and some people have more disposable income than others.

There are some folks with a lot of disposable income but they choose not to get involved in bitcoin accumulation, and there are people who have way less disposable income who do choose to get involved in bitcoin accumulation, and likely those who choose to get involved in bitcoin accumulation are going to benefit from the ongoing wealth transference that seems to be taking place through bitcoin.

At first, I believed that Bitcoin is for everyone, so I created a thread tittle BITCOIN IS FOR EVERYBODY BUT WE MUST ACCEPT IT BEFORE IT CAN OURS, so now I think we are saying the same thing because I believed BTC is for everybody, and so I created that thread and most users didn't agree to what I was saying, (so if you check through the thread you will understand) and then I was like calming my self down, and now you have also said the same thing I once said.

I took time to go through that thread but unfortunately, I really do not get in hindsight,  the message you are trying to convey, so, you can as well add some clarifications in the following direction: are you saying that it is possible for the entire global population to start using Bitcoin? Or are you coming from the angle that anyone can use Bitcoin irrespective of age and educational level? I really want to understand the angle you are coming from. 

For Bitcoin to gain deeper penetration into the global population, we need more solution-based innovations such as the M-PESA that revolutionised the banking system of Kenya such that a large part of the unbanked population could covert their phone numbers to online wallet where they can receive money, transfer money and and even do these  by simply scanning QR code.  So, in my opinion, we are yet to get to that universal acceptance of Bitcoin, and the percentage of the world's population that is even aware of Bitcoin is still very small.

[DubemIfedigbo001]

If you have means to acquire bitcoin despite not having knowledge yet, you should do it because owning bitcoin will not limit you from acquiring the knowledge but having knowledge without owning a bitcoin is as good as nothing.

I totally disagree with you mate. How can you advise someone to purchase an item he knows nothing about??. You give this advice because you already know what  bitcoin is, its importance and its benefits. Your advice is like telling a  soldier to go for a mission in a strange territory without even a Map to know his whereabouts or information regarding his opponents. What if he gets lost or meets his opponents, he wouldn't even be able to spot them or avoid them cos he literally can't recognize them. Its as good as a failed mission. Bringing this home to our discussion. If you've funds to purchase  bitcoin without knowledge  and proper guidance,  the possibility of losing those funds is very high cos scammers are ever ready to prey on unsuspecting investors. You can even buy it at a very high rate cos you don't even know the exchange rate,  further more keeping your keys safe still comes with knowledge cos if you lose them before knowing of their importance, its as good as losing your investment. I'm an advocate of learning about any business venture one is going into properly because it helps you spot wolves in sheep clothing easily and its pertinent that if you fail to prepare yourself properly for any business venture by equipping yourself with enough knowledge first, you've prepared to fail in it. I acted on this your advice in 2014, bought Bitcoin without much knowledge of HODL and lost my coins to panic sales during the bear run of 2015. Now I can never advise someone without sufficient knowledge to invest in crypto knowing that I missed the chance of being a very wealthy man because of ignorance. You must learn first, strategize and then invest properly.

[Popkon6]

Yes, agree with your thought that investing does not require much capital. If an investor acquires his investment knowledge and starts investing by making small amount of money especially by following DCA then he can gradually increase his investment and he can solve the financial problem as well. But if he does not have knowledge, it is worthless even if he owns a lot of wealth because we often say that if a man is not educated then he is blind even though he has eyes. In the same way it can be said that without investment knowledge he will not be able to see what is offered to him no matter how good it is. So capital is not always the important thing in investment.

Both are equally important and necessary. If you only have knowledge and don't have much capital, you need to make a lot of effort to accumulate capital and increase investment. While those with both large capital and knowledge will have an easier time on their investment path. But you're right, if we only have capital but no knowledge, it will only lead to failure. So in my opinion, capital and knowledge are things we need to prepare carefully before deciding to invest in bitcoin.

Yes, both of them are important, but that doesn't mean if you don't have much capital you shouldn't start your investment plans, like @JJG has been saying all this while, that you don't need much capital to start investing in Bitcoin, you can use at least $10 to start investing Bitcoin, but if you think that a $10 is too big to get before starting then try $5.

Once you have your first BTC with low capital, anytime you have another small amount of money you can still accumulate, even little by little, you will see that you have accumulated more than the amount you are planning to get without even you noticing it.
As a new investor, they should avoid procrastination because procrastinating can easily cause a person not to even invest in Bitcoin, so they should avoid it.

Exactly, and that's what differentiates bitcoin from all other assets or investments. We can start with minimal capital to invest in bitcoin, unlike investments that require fixed amounts or require large capital like real estate and that is a barrier huge for many people. Bitcoin is special and most friendly to everyone because people can invest with any amount of capital or can accumulate over time. Although it is not much related to this topic, I would like to add that, bitcoin is for everyone.

Right decision, Bitcoin is open to every person if he understands what Bitcoin is. Knowledge is definitely required to know about Bitcoin so every person has knowledge (just gather knowledge about Bitcoin from right place). Anyone can invest in Bitcoin from any earnings capital based on willpower and efficiency to hold Bitcoin with capital.

Bitcoin is an asset that you can start with a small amount of money at first, there is no restriction. And the extra money you can invest here excluding your earning cost will be the right decision. So one of the reasons why this Bitcoin is so popular is that you can deposit Bitcoin at any time. So Bitcoin is open to everyone.

[Out of mind]

I would like to add that, bitcoin is for everyone.

I like that expression.

Bitcoin is for everyone.

Also:

Bitcoin is for anyone.



At the same time, you are likely not going to get any bitcoin unless you take some kind of action.

✂️

yes, Mr. JJG  I agree with you!
Anyone who has a little knowledge about cryptocurrency likes Bitcoin and prepares to buy Bitcoin. It is clear that Bitcoin is for everyone Bitcoin can be used by everyone, and anyone can buy Bitcoin if they want. A person who has acquired even a little bit of knowledge about Bitcoin will buy Bitcoin and hold it. Moreover, in order for a person to receive bitcoins, he must first take action, until that person takes action to receive bitcoins, he will not receive bitcoins. It is certain that in order to do something, action must first be taken, and then the action must be completed, the main objective being to take action. Whenever you take action on something you can be successful, just as if you take the action to invest and hold bitcoins, you will definitely have active bitcoins in your wallet.

[MFahad]

Some people are so stupid that they think they know everything. Things are changing very quickly in crypto, including Bitcoin. Knowing whats going on in the world today doesnt mean someone is ready for what will happen tomorrow.

Experts are helpful, but even they are always learning new things. There is so much going on in the crypto world that no one has the whole picture. Just when you think you understand it well, something new comes along and surprises everyone.

Before you even think about buying, make sure you know the basics. Learn about Bitcoin's basic ideas, how it changes value, and the methods that experienced investors use. Remember, though, that NO ONE can ever say they know everything. Ask questions and learn new things all the time. And remember that the crypto world has made many people less sure of themselves before you.

New technologies are arises and new coins are created so if you stop getting knowledge then there is no need to be involved in crypto because precious and old knowledge always don't operates successfully. First you should create your own ideas and apply it if unfortunately you don't then take help from any expert.

Sometimes holders says that they are also expert because they hold bitcoin but just bitcoin holding cannot make you expert but you have to gather ideas and technologies and then take help from these during proper practice. Even expert also get extra knowledge through watching videos therefore we cannot cease the process of learning as it can possibly increase our reward if we continue these series.

[Litzki1990]

Right decision, Bitcoin is open to every person if he understands what Bitcoin is. Knowledge is definitely required to know about Bitcoin so every person has knowledge (just gather knowledge about Bitcoin from right place). Anyone can invest in Bitcoin from any earnings capital based on willpower and efficiency to hold Bitcoin with capital.

Bitcoin is an asset that you can start with a small amount of money at first, there is no restriction. And the extra money you can invest here excluding your earning cost will be the right decision. So one of the reasons why this Bitcoin is so popular is that you can deposit Bitcoin at any time. So Bitcoin is open to everyone.

Bitcoin is one of the most popular digital currencies. There are no people who are involved in cryptocurrencies who do not know about Bitcoin and there are people who have no idea about cryptocurrencies but have exactly the same idea about Bitcoin.

Here OP discusses knowledge and holdings of Bitcoin. If a person doesn't know about bitcoins then that person may be at a loss if he wants to hold bitcoins or any other coin because he doesn't know how long he should hold his coins or when to sell his coins. We may plan to hold a coin for a long period of time but at the end of the long term we will aim to sell a few of our coins at a good price. If an investor has no idea when he will sell his coins then he will not be able to hold his investment for a long period of time, so it is very important for an investor to have adequate knowledge about investing and to use that knowledge to hold.

[JayJuanGee]

If you have means to acquire bitcoin despite not having knowledge yet, you should do it because owning bitcoin will not limit you from acquiring the knowledge but having knowledge without owning a bitcoin is as good as nothing.

I totally disagree with you mate. How can you advise someone to purchase an item he knows nothing about??. You give this advice because you already know what  bitcoin is, its importance and its benefits. Your advice is like telling a  soldier to go for a mission in a strange territory without even a Map to know his whereabouts or information regarding his opponents. What if he gets lost or meets his opponents, he wouldn't even be able to spot them or avoid them cos he literally can't recognize them. Its as good as a failed mission. Bringing this home to our discussion. If you've funds to purchase  bitcoin without knowledge  and proper guidance,  the possibility of losing those funds is very high cos scammers are ever ready to prey on unsuspecting investors. You can even buy it at a very high rate cos you don't even know the exchange rate,  further more keeping your keys safe still comes with knowledge cos if you lose them before knowing of their importance, its as good as losing your investment. I'm an advocate of learning about any business venture one is going into properly because it helps you spot wolves in sheep clothing easily and its pertinent that if you fail to prepare yourself properly for any business venture by equipping yourself with enough knowledge first, you've prepared to fail in it. I acted on this your advice in 2014, bought Bitcoin without much knowledge of HODL and lost my coins to panic sales during the bear run of 2015. Now I can never advise someone without sufficient knowledge to invest in crypto knowing that I missed the chance of being a very wealthy man because of ignorance. You must learn first, strategize and then invest properly.

Wow.. you make some decent points DubemIfedigbo001..but you sound pretty bitter in regards to your own fuck ups in regards to bitcoin, that is if you are really telling the truth about your own mistakes..

Too bad you did not figure out ways to learn from your fuck ups and perhaps adjust your position size and approach rather than getting bitter about it and suggesting that people have to be some kind of expert in various aspects of bitcoin prior to getting started in terms of their investing into it which is surely not the case that people need to know all angles of bitcoin prior to getting started, and getting started is likely a better approach. 

One thing that likely is true, however, is that it is likely better to adjust your position size to the level of your knowledge (competencies), and surely some people can end up getting over their skis because they go at something (whether investing in bitcoin or otherwise) and they do not adjust their position size to their level of competencies, but if there are at least some attempts at balance, then position size can be helpful in terms of both learning as you go but also getting started as soon as possible, which seem to be one of the better things to do in bitcoin is to get started rather than diddly daddlying around and to be scared of it.

[rachael9385]

Moreover, you might be right, but let's talk about those specific people that don't accept Bitcoin in their lives or to be part of their life. You know if someone doesn't like something, it is hard to persuade them about what they don't like, but on the other hand, their mind might change to accept Bitcoin, but it can be hard though, so the most interesting thing is that everyone must not invest in Bitcoin no matter how it is legit.

The reason why I said what I said is because, some might give excuses that they dont have money to invest in Bitcoin, some can still say there expenses are too much that they can't add another (investing) to it. those who believe that Bitcoin can be profitable if they hodl for a long period will invest without looking at there expenses, they will just reduce it and invest in Bitcoin, if you look closely, you will see that most of the investors today, are the risk takers and you know that everybody is not a risk taker.... So, Bitcoin is for specific people. I once thought that Bitcoin was for everyone, but I later found out it is not.

Bitcoin is still for everyone and for anyone, even if some people choose not to take advantage of it.

Bitcoin is still available for everyone and anyone.

There are some people who are going to take advantage of bitcoin (and getting into bitcoin) more than others, and some people have more disposable income than others.

There are some folks with a lot of disposable income but they choose not to get involved in bitcoin accumulation, and there are people who have way less disposable income who do choose to get involved in bitcoin accumulation, and likely those who choose to get involved in bitcoin accumulation are going to benefit from the ongoing wealth transference that seems to be taking place through bitcoin.

At first, I believed that Bitcoin is for everyone, so I created a thread tittle BITCOIN IS FOR EVERYBODY BUT WE MUST ACCEPT IT BEFORE IT CAN OURS, so now I think we are saying the same thing because I believed BTC is for everybody, and so I created that thread and most users didn't agree to what I was saying, (so if you check through the thread you will understand) and then I was like calming my self down, and now you have also said the same thing I once said.

I took time to go through that thread but unfortunately, I really do not get in hindsight,  the message you are trying to convey, so, you can as well add some clarifications in the following direction: are you saying that it is possible for the entire global population to start using Bitcoin? Or are you coming from the angle that anyone can use Bitcoin irrespective of age and educational level? I really want to understand the angle you are coming from. 

Before I created that thread, I didn't settle down to write in detail, though. Although it was at night @10pm Nigerian time, so I was stressed out based on job activities. However, on that thread I was basically talking about. It could be possible for the whole world to start using Bitcoin. It might take time for Bitcoin to spread to the entire world, but believe me, some day it will. You might be wondering how it will be possible, but believe me.

Moreover, age doesn't matter in Bitcoin, even a year old baby can have Bitcoin just like how the baby of @victorybit1 have some Bitcoin, even bank do encourage parents to save funds for their babies and so I think we should also encourage parents to save some BTC for their babies (just like keeping Bitcoin for the next generation).

For Bitcoin to gain deeper penetration into the global population, we need more solution-based innovations such as the M-PESA that revolutionised the banking system of Kenya such that a large part of the unbanked population could covert their phone numbers to online wallet where they can receive money, transfer money and and even do these  by simply scanning QR code.  So, in my opinion, we are yet to get to that universal acceptance of Bitcoin, and the percentage of the world's population that is even aware of Bitcoin is still very small.

Yes, the percentage of people that are aware of Bitcoin is still low, but that doesn't change anything about Bitcoin. Bitcoin awareness will go viral throughout the entire world. The only barrier that could stop it is just network access. If a locality doesn't have an Internet network, then that area will not have anything to do with Bitcoin. Even the government can not stop the adoption of Bitcoin. As I already know, some governments are not in support of Bitcoin, but some of their citizens are still investing in Bitcoin.

[Frankolala]

If you have means to acquire bitcoin despite not having knowledge yet, you should do it because owning bitcoin will not limit you from acquiring the knowledge but having knowledge without owning a bitcoin is as good as nothing.

I totally disagree with you mate. How can you advise someone to purchase an item he knows nothing about??. You give this advice because you already know what  bitcoin is, its importance and its benefits. Your advice is like telling a  soldier to go for a mission in a strange territory without even a Map to know his whereabouts or information regarding his opponents. What if he gets lost or meets his opponents, he wouldn't even be able to spot them or avoid them cos he literally can't recognize them. Its as good as a failed mission. Bringing this home to our discussion. If you've funds to purchase  bitcoin without knowledge  and proper guidance,  the possibility of losing those funds is very high cos scammers are ever ready to prey on unsuspecting investors. You can even buy it at a very high rate cos you don't even know the exchange rate,  further more keeping your keys safe still comes with knowledge cos if you lose them before knowing of their importance, its as good as losing your investment. I'm an advocate of learning about any business venture one is going into properly because it helps you spot wolves in sheep clothing easily and its pertinent that if you fail to prepare yourself properly for any business venture by equipping yourself with enough knowledge first, you've prepared to fail in it. I acted on this your advice in 2014, bought Bitcoin without much knowledge of HODL and lost my coins to panic sales during the bear run of 2015. Now I can never advise someone without sufficient knowledge to invest in crypto knowing that I missed the chance of being a very wealthy man because of ignorance. You must learn first, strategize and then invest properly.

Wow.. you make some decent points DubemIfedigbo001..but you sound pretty bitter in regards to your own fuck ups in regards to bitcoin, that is if you are really telling the truth about your own mistakes..

Too bad you did not figure out ways to learn from your fuck ups and perhaps adjust your position size and approach rather than getting bitter about it and suggesting that people have to be some kind of expert in various aspects of bitcoin prior to getting started in terms of their investing into it which is surely not the case that people need to know all angles of bitcoin prior to getting started, and getting started is likely a better approach. 

One thing that likely is true, however, is that it is likely better to adjust your position size to the level of your knowledge (competencies), and surely some people can end up getting over their skis because they go at something (whether investing in bitcoin or otherwise) and they do not adjust their position size to their level of competencies, but if there are at least some attempts at balance, then position size can be helpful in terms of both learning as you go but also getting started as soon as possible, which seem to be one of the better things to do in bitcoin is to get started rather than diddly daddlying around and to be scared of it.

Yea, you are right JJG, it doesn't really need a whole lot of knowledge on bitcoin before you can invest in it. All you need to do is to know how to buy bitcoin and send bitcoin and which wallet that is better to safeguard your bitcoin, so that it remains where it is. After this, the next knowledge one needs is to invest and from investing you can have a good knowledge on bitcoin from your investment and you will learn better than those that have all the knowledge without having a single satoshi. When it comes to hodli, investment gives you a proper insight of the market and how to go about with growing your investment.

Hodli doesn't need much knowledge than making a goal on how many bitcoin you want to accumulate based on your cash inflow and how much funds that will be needed for regular DCA. Bitcoin is for all, and you need to believe in bitcoin as a future life safer before you can have the boldness to invest and hodli. So, I believe that whoever wants to benefit in bitcoin wouldn't give an excuse of no capital to start investing, or lack of major knowledge of bitcoin before investing.

 It is better to start now than waiting to acquire all the knowledge first because it takes a very long time for someone to acquire all the knowledge of bitcoin, and this will deprive you from investing early. Invest while you are learning, the basic knowledge of bitcoin is enough for anyone that wants to invest and hodli for a very long duration of time. Imagine that you want to invest for 8-10yrs and you bought bitcoin on the first year, you have a lot of time to learn whatever you want to know about bitcoin within this 8-10yrs of your investment.

[rachael9385]

If you have means to acquire bitcoin despite not having knowledge yet, you should do it because owning bitcoin will not limit you from acquiring the knowledge but having knowledge without owning a bitcoin is as good as nothing.

I totally disagree with you mate. How can you advise someone to purchase an item he knows nothing about??. You give this advice because you already know what  bitcoin is, its importance and its benefits. Your advice is like telling a  soldier to go for a mission in a strange territory without even a Map to know his whereabouts or information regarding his opponents. What if he gets lost or meets his opponents, he wouldn't even be able to spot them or avoid them cos he literally can't recognize them. Its as good as a failed mission. Bringing this home to our discussion. If you've funds to purchase  bitcoin without knowledge  and proper guidance,  the possibility of losing those funds is very high cos scammers are ever ready to prey on unsuspecting investors. You can even buy it at a very high rate cos you don't even know the exchange rate,  further more keeping your keys safe still comes with knowledge cos if you lose them before knowing of their importance, its as good as losing your investment. I'm an advocate of learning about any business venture one is going into properly because it helps you spot wolves in sheep clothing easily and its pertinent that if you fail to prepare yourself properly for any business venture by equipping yourself with enough knowledge first, you've prepared to fail in it. I acted on this your advice in 2014, bought Bitcoin without much knowledge of HODL and lost my coins to panic sales during the bear run of 2015. Now I can never advise someone without sufficient knowledge to invest in crypto knowing that I missed the chance of being a very wealthy man because of ignorance. You must learn first, strategize and then invest properly.

Wow.. you make some decent points DubemIfedigbo001..but you sound pretty bitter in regards to your own fuck ups in regards to bitcoin, that is if you are really telling the truth about your own mistakes..

Too bad you did not figure out ways to learn from your fuck ups and perhaps adjust your position size and approach rather than getting bitter about it and suggesting that people have to be some kind of expert in various aspects of bitcoin prior to getting started in terms of their investing into it which is surely not the case that people need to know all angles of bitcoin prior to getting started, and getting started is likely a better approach. 

One thing that likely is true, however, is that it is likely better to adjust your position size to the level of your knowledge (competencies), and surely some people can end up getting over their skis because they go at something (whether investing in bitcoin or otherwise) and they do not adjust their position size to their level of competencies, but if there are at least some attempts at balance, then position size can be helpful in terms of both learning as you go but also getting started as soon as possible, which seem to be one of the better things to do in bitcoin is to get started rather than diddly daddlying around and to be scared of it.

Yea, you are right JJG, it doesn't really need a whole lot of knowledge on bitcoin before you can invest in it. All you need to do is to know how to buy bitcoin and send bitcoin and which wallet that is better to safeguard your bitcoin, so that it remains where it is. After this, the next knowledge one needs is to invest and from investing you can have a good knowledge on bitcoin from your investment and you will learn better than those that have all the knowledge without having a single satoshi.

You are absolutely right, but there is something that I expected you to mention, but you didn't say it (maybe you are supporting short timers).
Well, to be a good investor, you must have the patience of HOLDING. Bitcoin is not all about buying and sending or even selling, although knowing the best and safest wallet that one can keep Bitcoin is also part of good knowledge, but patience for long term holding is better than knowledge. However, both of them are good, but without patience an investor will run at a loss if the investor doesn't have one.

Hodli doesn't need much knowledge than making a goal on how many bitcoin you want to accumulate based on your cash inflow and how much funds that will be needed for regular DCA. Bitcoin is for all, and you need to believe in bitcoin as a future life safer before you can have the boldness to invest and hodli.

I don't know if I am totally wrong, but I honestly disagree with what you said. We already know that holding is one of the best ways to benefit from Bitcoin, and I also believe that everybody who wants to have the knowledge of Bitcoin wants to benefit from Bitcoin, so how does holding not need much knowledge?

However, if one doesn't have Bitcoin knowledge, he can't afford to hold his coins for more than a week. Knowledge is what makes a Bitcoin investor hold his coins for a long term (prove me wrong).

It is better to start now than waiting to acquire all the knowledge first because it takes a very long time for someone to acquire all the knowledge of bitcoin, and this will deprive you from investing early. Invest while you are learning, the basic knowledge of bitcoin is enough for anyone that wants to invest and hodli for a very long duration of time. Imagine that you want to invest for 8-10yrs and you bought bitcoin on the first year, you have a lot of time to learn whatever you want to know about bitcoin within this 8-10yrs of your investment.

Yes, you are right, acquiring all the knowledge about Bitcoin is not an easy task, so starting now is better than starting letter, invest and also using the DCA method to accumulate while learning is a good idea. Investing while learning will make an investor invest early in Bitcoin, so investors who want to get all the knowledge about Bitcoin before they start investing and accumulating Bitcoin those that invested while learning have gathered more experience and more of BTC, so those new ones might either be late then ( maybe Bitcoin might have clock $100k by then).

[AYOBA]

The best key in this world is knowledge. Whatever you do without knowing about it is pointless, even if you have money and no knowledge in this life. Everything you accomplish will be for naught. You can't just start investing in Bitcoin without first learning about it. What do you think will happen at the conclusion of the day? Since your direction is more crucial than your speed, always keep it positive. Never consent to someone leading you astray.

[JoyMarsha]

After knowledge, there comes investment made. It would be so wrong for someone to neglect to have the knowledge of crypto and move straight to invest in bitcoin no matter how ready or wealthy the person seems to be. There must be at least basic knowledge of crypto before the person talks about bitcoin investment.

To have a proper understanding of this ''knowledge comes first''. Let's put into consideration of our life dealings. Is it not when someone knows about something, that's when he would know the next step to take? The next step taken(knowledge) is applicable to what he will do towards bitcoin investment, which is having the knowledge first before the investment is made.

In nutshell, for someone to have a good investment in crypto, one should be knowledgeable about crypto first, so as not to fall into the hands of scammers or losing seed phrase  

[wallet4bitcoin]

The most basic and helpful advice I have read here for newbies that just got into bitcoin and is looking for where to start from is you don’t need to know everything about bitcoin before you can start investing, just learn how to buy and how to not lose your coins” I have forgotten who wrote this text but I feel that newbies that want to just hold bitcoin don’t need to start learning the technical part of bitcoin, just start with security and keep your coins safe.

We cannot overstretch the need for people to know before investing or venturing into bitcoin. Information builds confidence and confidence births conviction and its contagious also.

You want to go the massive adoption way and you don't have confidence birthed through knowledge then you're sitting on a time bomb.

Know first then take action afterwards by investing and holding.

[JayJuanGee]

[edited out]

However, if one doesn't have Bitcoin knowledge, he can't afford to hold his coins for more than a week. Knowledge is what makes a Bitcoin investor hold his coins for a long term (prove me wrong).

You probably are wrong because you are taking such an adamant position.  There is all kind of knowledge with which newbie no coiners will come into the bitcoin space, and so it should be difficult to be attempting to describe exactly what kind of knowledge that they would need to have in order to begin their BTC investment journey.

Yeah, the one year old baby does not know shit about shit, but even if we start to get to the age of 12 year olds, there can be quite a bit of variation in terms of maturity and/or even worldliness.

So yeah, if we might be presuming that our intended audience of newbie bitcoin buyers are adults, we cannot even necessarily do that, but it becomes more likely that older people are going to have more varied experiences in their lives in regards, to investing and just life experiences, but some older people might have learned some bad habits too.. and it could be more difficult for an older person to get out  of a bad habit than to get a younger person to avoid getting into that bad habit even though they might make some similar kinds of mistakes as the older person, but at the same time, they might be in a position in which they are more ready, willing and able to  learn how to change some of their habits that had led to the mistake in order that they are able to build some of their investment with a more informed approach.

And, I am not even trying to get caught into any kind of expectation that young people are more adaptable than older people, because sometimes the stubborness of old people might create barriers in which they won't even end up going as deeply into shitcoins as a younger person might end up doing.

So there is going to be all kinds of variations regarding the kinds of knowledge that people come into bitcoin with and which parts they might need to know before getting started rather then just getting started based on what they already know.. and working from there with an actively investing into bitcoin rather than putting learning barriers in front of themselves that might not even be necessary as long as they moderate their position size and their beginning approach in such a way that it is already anticipating that they have to be learning as they go.

It is better to start now than waiting to acquire all the knowledge first because it takes a very long time for someone to acquire all the knowledge of bitcoin, and this will deprive you from investing early. Invest while you are learning, the basic knowledge of bitcoin is enough for anyone that wants to invest and hodli for a very long duration of time. Imagine that you want to invest for 8-10yrs and you bought bitcoin on the first year, you have a lot of time to learn whatever you want to know about bitcoin within this 8-10yrs of your investment.

Yes, you are right, acquiring all the knowledge about Bitcoin is not an easy task, so starting now is better than starting letter, invest and also using the DCA method to accumulate while learning is a good idea. Investing while learning will make an investor invest early in Bitcoin, so investors who want to get all the knowledge about Bitcoin before they start investing and accumulating Bitcoin those that invested while learning have gathered more experience and more of BTC, so those new ones might either be late then ( maybe Bitcoin might have clock $100k by then).

Surely anyone who starts investing into bitcoin earlier is going to be in a better position to deal with any spike to $100k that might come, even though surely sometimes people do get into bitcoin, and it takes them a while (maybe even 1-2 years) just to build up their BTC position, so some of the high volatility in their first couple of years investing can be challenging to their own thinking and approach in regards to whether whatever they are doing is the right them, and perhaps some of the strong volatility will throw them off too, but I still think that anyone who is in bitcoin is going to be able to be in a better position to attempt to learn from the craziness rather than someone sitting on the sidelines without much if any stake in bitcoin.

The best key in this world is knowledge.

On the surface, that sounds correct.

Whatever you do without knowing about it is pointless, even if you have money and no knowledge in this life.

That does not make very much sense.  You could have no idea about sex, but you could go around and have as much sex with as many people as you can, without any kind of knowledge, and that will result in kids.. so I doubt that having kids is pointless... even if they might have had resulted from doing things without much if any knowledge...

Everything you accomplish will be for naught.

ditto.. same point.

You can't just start investing in Bitcoin without first learning about it. What do you think will happen at the conclusion of the day?

Well if you invest without knowledge, your having had invested might inspire you to learn more, and after a day, you might become motivated to learn more or to take some kinds of actions based on your previous action to invest (or buy some).

You believe that you know exactly what is going to happen when someone buys bitcoin merely because their level of knowledge might be different from someone else's?

Since your direction is more crucial than your speed, always keep it positive.

What is that supposed to mean?  It might not be positive to be fucking around and waiting rather than  acting... acting has the ability to inspire learning.

Never consent to someone leading you astray.

People are motivated by all kinds of things, and some people purposefully do the opposite of others because they "want to be their own person."  Some people rely on various kinds of role models.. and sometimes they might not realize if the role model that they chose is actually going to be good for them, but I would imagine that everyone tries to make decision based on the knowledge that they have, and sometimes they later figure out that they made a lot of mistakes... and some of those mistakes might not be reversible, including decisions not to act (such as decisions not to buy bitcoin and to wait the fuck around, and then 5 years or more passes, and they failed/refused to act).

Yes, everyone is responsible for his/her own decisions including his/her decisions to follow someone else and also his her decision whether to act or not, and how to act.

After knowledge, there comes investment made. It would be so wrong for someone to neglect to have the knowledge of crypto and move straight to invest in bitcoin no matter how ready or wealthy the person seems to be. There must be at least basic knowledge of crypto before the person talks about bitcoin investment.

You seem to have things backwards JoyMarsha.  It is probably best to learn about bitcoin first, and yeah maybe there might be some needs to be able to see that shitcoins also exist... but whatever, you might not need to get too bogged down into various details about bitcoin versus shitcoins in order to get started investing into bitcoin.  

You could get started investing into bitcoin, and then maybe learn some things about shitcoins as you go or at a later date.  why would there be any need or rush to learn about shitcoins beyond merely just recognizing that shitcoins exist, they are out there and they are engaging in various affinity scams in reference to bitcoin.  Sure maybe you could learn more about them later, but seems optional rather than anything that any bitcoin newbie investor needs to really get into figuring out.

To have a proper understanding of this ''knowledge comes first''. Let's put into consideration of our life dealings. Is it not when someone knows about something, that's when he would know the next step to take? The next step taken(knowledge) is applicable to what he will do towards bitcoin investment, which is having the knowledge first before the investment is made.

That sounds alright in theory, but I am not really sure if you are saying much of anything.

In nutshell, for someone to have a good investment in crypto,

hopefully no one is investing in crypto.  I don't even know what that is. It is some amorphous and misleading idea that doesn't really mean anything right?  Hopefully people are not investing into crypto (or shitcoins) and instead they are at least starting out by focusing in bitcoin first and not getting caught up in gobble-dee-gook language and meaningless terms like crypto.   Who the fuck knows what crypto is?  But if you talk about investing into bitcoin, then at least you are talking about something.. now if you want to get involved in various shitcoins, that's a whole other rabbit hole.. and hopefully people are careful about getting involved in the shitcoin kinds of nonsense... especially newbies.

one should be knowledgeable about crypto first,

Fuck shitcoins.

so as not to fall into the hands of scammers or losing seed phrase  

Focus on bitcoin first might be the better way to lessen any likelihood of getting distracted by scammers, especially folks who use dumbass and vague terms (such as crypto) to describe whatever it is that they are investing into rather than being specific about what it is that they are talking about and/or investing into.

The most basic and helpful advice I have read here for newbies that just got into bitcoin and is looking for where to start from is you don’t need to know everything about bitcoin before you can start investing, just learn how to buy and how to not lose your coins” I have forgotten who wrote this text but I feel that newbies that want to just hold bitcoin don’t need to start learning the technical part of bitcoin, just start with security and keep your coins safe.

We cannot overstretch the need for people to know before investing or venturing into bitcoin. Information builds confidence and confidence births conviction and its contagious also.

Yes we can "overstretch" and overly state the idea of needing to know before getting started in bitcoin.  

Almost all the forum members in this thread are making the same dumb and vague statements about needing to know in advance... blah blah blah.

You want to go the massive adoption way and you don't have confidence birthed through knowledge then you're sitting on a time bomb.

Know first then take action afterwards by investing and holding.

Act first and figure it out as you go.

[EarnOnVictor]

If you have means to acquire bitcoin despite not having knowledge yet, you should do it because owning bitcoin will not limit you from acquiring the knowledge but having knowledge without owning a bitcoin is as good as nothing.

I totally disagree with you mate. How can you advise someone to purchase an item he knows nothing about??. You give this advice because you already know what  bitcoin is, its importance and its benefits. Your advice is like telling a  soldier to go for a mission in a strange territory without even a Map to know his whereabouts or information regarding his opponents. What if he gets lost or meets his opponents, he wouldn't even be able to spot them or avoid them cos he literally can't recognize them. Its as good as a failed mission. Bringing this home to our discussion. If you've funds to purchase  bitcoin without knowledge  and proper guidance,  the possibility of losing those funds is very high cos scammers are ever ready to prey on unsuspecting investors. You can even buy it at a very high rate cos you don't even know the exchange rate,  further more keeping your keys safe still comes with knowledge cos if you lose them before knowing of their importance, its as good as losing your investment. I'm an advocate of learning about any business venture one is going into properly because it helps you spot wolves in sheep clothing easily and its pertinent that if you fail to prepare yourself properly for any business venture by equipping yourself with enough knowledge first, you've prepared to fail in it. I acted on this your advice in 2014, bought Bitcoin without much knowledge of HODL and lost my coins to panic sales during the bear run of 2015. Now I can never advise someone without sufficient knowledge to invest in crypto knowing that I missed the chance of being a very wealthy man because of ignorance. You must learn first, strategize and then invest properly.

Wow.. you make some decent points DubemIfedigbo001..but you sound pretty bitter in regards to your own fuck ups in regards to bitcoin, that is if you are really telling the truth about your own mistakes..

Too bad you did not figure out ways to learn from your fuck ups and perhaps adjust your position size and approach rather than getting bitter about it and suggesting that people have to be some kind of expert in various aspects of bitcoin prior to getting started in terms of their investing into it which is surely not the case that people need to know all angles of bitcoin prior to getting started, and getting started is likely a better approach. 

One thing that likely is true, however, is that it is likely better to adjust your position size to the level of your knowledge (competencies), and surely some people can end up getting over their skis because they go at something (whether investing in bitcoin or otherwise) and they do not adjust their position size to their level of competencies, but if there are at least some attempts at balance, then position size can be helpful in terms of both learning as you go but also getting started as soon as possible, which seem to be one of the better things to do in bitcoin is to get started rather than diddly daddlying around and to be scared of it.

I was scared to invest and HODL Bitcoin since 2016 simply because I didn't have a deep knowledge about it but I paid dearly for it. If I say I have not regretted it till now, I will be telling lies. This is because I have at least $25,000 I can easily afford to invest in Bitcoin then but failed to do so since I was waiting for the right time to first learn and fully understand what I wanted to commit my money to, just like what @DubemIfedigbo001 tried to debunk, but he was wrong due to the increasing popularity of Bitcoin and neglected the fact that the more your affinity to taking risks, the better you might make it.

For instance, those who didn't have any deep knowledge about Bitcoin in the past years but risked based on its popularity and the good projects are now multimillions today. Some are even billionaires since they rather see the good in the project than find the best/deepest knowledge possible about it. To make matters worse, I was busy from the 2016 cycle till 2020 and missed out at the same time on the investment despite using Bitcoin for many financial transactions since 2014 for various inflow and outflow payments. That was so lame, and I saw myself as the fool in the Bitcoin investment but I ain't no more. This is why I advise anyone that if it's the context of "Bitcoin" that is the subject matter, they should invest even before they think when they hear others sharing testimonies and see a good prospect in it, or not think too much before they invest, you don't have to know everything. This is not a shitcoin that you can be afraid of, it's a well-planned and created asset that has been inculcated into the main financial stream of the world market, it can't be a bad idea to own your coin and continue to acquire more as it's never going to be a bad business for anymore in the long run. Bitcoin is such an asset that in the next 100 years or thereabout, it can be at over $1,000,000 per BTC, so why the fear?

[Marvell1]

After knowledge, there comes investment made. It would be so wrong for someone to neglect to have the knowledge of crypto and move straight to invest in bitcoin no matter how ready or wealthy the person seems to be. There must be at least basic knowledge of crypto before the person talks about bitcoin investment.

To have a proper understanding of this ''knowledge comes first''. Let's put into consideration of our life dealings. Is it not when someone knows about something, that's when he would know the next step to take? The next step taken(knowledge) is applicable to what he will do towards bitcoin investment, which is having the knowledge first before the investment is made.

In nutshell, for someone to have a good investment in crypto, one should be knowledgeable about crypto first, so as not to fall into the hands of scammers or losing seed phrase  

Knowledge is the only path to success in every field, not just investing in bitcoin. But I think we only need to have basic knowledge, then to make everything more perfect we should combine knowledge and practice at the same time. I mean, we don't need to spend too much time learning everything until we understand it all before investing. If we do so, we can easily miss good investment opportunities.
For example, if currently we only focus on accumulating knowledge and not investing while this is the perfect time to buy bitcoin because the price is quite cheap. If you are too rigid and keep learning without investing, when the price increase season comes, you will miss your opportunity. If you have knowledge but don't know how to seize opportunities, it will be difficult to succeed.

We only need basic knowledge, and then invest in bitcoin and during that holding period, take advantage of it to understand more about bitcoin. Theory will only be effective when you apply it in parallel with practice.

[Ben Barubal]

Knowledge is more important, IMO.  Since knowledge gives us certainty over things, it is the motivating factor that drives us to HODL certain investment.  Without knowledge we will never have the courage to hodl.  Yes we can invest even without sufficient knowledge about the asset, but we will be easily shaken by FUD and bad news which will end up being a weak hand and sells all our investment at once.  Without knowledge we can easily succumb to manipulation making us sell easily. 

That's why it is always recommended to do your own research before investing because lots of those blind followers are just relying on YouTube influencers which they regret because the promotions were just cherry-picking and they didn't tackle the bad side of the project. When they realized that they were fooled, it was already too late because the price of the altcoins was already below their capitals and others were made to believe that the price would pump up again which was not really the case and they ended up losing all their capitals because they actually believed other lies.

And it is that same process of Doing Your Own Research (DYOR) that we call "Knowledge" my friend, just as O.P and most people elaborated on this thread, because though its true that anybody can invest in Bitcoin, but one thing certain is that the person with the right knowledge stand a better chance to make better decisions regarding his Bitcoin investment than someone who is totally ignorant. Because for example, imagine few months ago when the mempool was high (i.e resulting to a high BTC transaction fee), whereby in other to transfer $100 worth of BTC, we were told the fee was $50 (i.e half of the amount), and as such, there is a high tendency for person with no knowledge to have executed such transaction, whereas those who understand how it works skip or keep hodling until the transaction fee reduces.

Secondly, Youtubers are the least people to believe anything they say, as most people are there for the views to generate much funds, whereas, it only take a few who cares about their subscribers.

    Doing Dyor is because you have the knowledge that, through it, you can determine if a coin or crypto you want to buy has potential or not. That's why we research, we know, and because of this, while we are doing it, we are also able to get a new idea about it, to be honest.

   So it is really important that in all the aspects that we will do here in the crypto space, we have enough knowledge so that all the assets that we want to hold, whether short- or long-term, are not wasted. Because this is where the future savings we hope for in the crypto space depend.

[taufik123]

I was scared to invest and HODL Bitcoin since 2016 simply because I didn't have a deep knowledge about it but I paid dearly for it. If I say I have not regretted it till now, I will be telling lies. This is because I have at least $25,000 I can easily afford to invest in Bitcoin then but failed to do so since I was waiting for the right time to first learn and fully understand what I wanted to commit my money to, just like what @DubemIfedigbo001 tried to debunk, but he was wrong due to the increasing popularity of Bitcoin and neglected the fact that the more your affinity to taking risks, the better you might make it.
-snip-

Having the opportunity to have $25,000 in 2016 when the bitcoin price was still around $500-$700 is a rare opportunity.
I only got into crypto at the beginning of 2016 and only became active and focused in 2017.

If you buy with 1% of the funds you have at that time, of course, you will get a profit.
But can you hold it until now?

Even though at that time Bitcoin was quite hyped and Bitcoin was the undoubted king of coins.
But indeed bitcoin still doesn't have as much power as it does today.

There will be no loss if you go into Bitcoin investment, as long as you don't go into shitcoin investment which will definitely be a lot of losses.

Fix the past by starting to buy Bitcoin at a good opportunity right now.
Chances are you won't see cheap prices like now.

[Frankolala]

You are absolutely right, but there is something that I expected you to mention, but you didn't say it (maybe you are supporting short timers).
Well, to be a good investor, you must have the patience of HOLDING. Bitcoin is not all about buying and sending or even selling, although knowing the best and safest wallet that one can keep Bitcoin is also part of good knowledge, but patience for long term holding is better than knowledge. However, both of them are good, but without patience an investor will run at a loss if the investor doesn't have one.

rachael19385, you got and misunderstood my point here. I am not saying anything about short term investment. If you like you can hold your bitcoin for 100 years, someday you must sell to make profit because profit is the real reason why everyone is investing in bitcoin and believes that bitcoin will give good profit at the long run, maybe after 10yrs. This was why I stated 'sell' as part of the basic knowledge one need and also, one must buy your bitcoin through p2p from an exchange either centralized or decentralized. Bitcoin does not fall from heaven neither most investors are miners. So, the major most common way that people who are not being paid with bitcoin can get bitcoin is by purchase.

Come to talk about patience, most anyone learn how to be patience or does knowledge brings patience NO. Patience is a practice in which you put in when you have a big goal to achieve especially when you know that it will take a very long time before you can achieve it. For example, it is just like you want to buy a house of $20,000, and all you can save for the month is $100. If you know how important shelter is, then you can choose to start saving $100 in for 20 months for you to be able to buy the house, and with this your goal and target, you know that you must wait till 20 months with steady saving of $100, meaning because you know the benefit of owning a house you must be patient till the money is complete.

This is how bitcoin too is, and that was where you got me wrong, i said that you must have a target and work towards accumulating you bitcoin target disregard of whether you have the major knowledge of bitcoin or not, what matters is that you have started and you have a goal to achieve, because one of the basic knowledge of bitcoin is that it is a long term investment, and long term investment goes with patience.

I don't know if I am totally wrong, but I honestly disagree with what you said. We already know that holding is one of the best ways to benefit from Bitcoin, and I also believe that everybody who wants to have the knowledge of Bitcoin wants to benefit from Bitcoin, so how does holding not need much knowledge?

However, if one doesn't have Bitcoin knowledge, he can't afford to hold his coins for more than a week. Knowledge is what makes a Bitcoin investor hold his coins for a long term (prove me wrong).

You are wrong on this mate, as long as I have plans to save my money, and every month I assign my savings to buy bitcoin, I don't need any knowledge to discipline me on doing this regular, rather what I need is discipline on making sure that I buy whenever I get my pay cheque, because I am not even concerned about the price of bitcoin either if it is dumping or pumping because as soon as i get my pay cheque, I also have a fraction that I assign to save in bitcoin. Do anyone needs a vast knowledge on how to save fiat currency in banks..NO

DCAing don't need any big knowledge than your own plan of how much you will use on DCAing based on your income and how you can make sure that you don't get distracted with your accumulating strategy, which is a personal decision.

After knowledge, there comes investment made. It would be so wrong for someone to neglect to have the knowledge of crypto and move straight to invest in bitcoin no matter how ready or wealthy the person seems to be. There must be at least basic knowledge of crypto before the person talks about bitcoin investment.

To have a proper understanding of this ''knowledge comes first''. Let's put into consideration of our life dealings. Is it not when someone knows about something, that's when he would know the next step to take? The next step taken(knowledge) is applicable to what he will do towards bitcoin investment, which is having the knowledge first before the investment is made.

In nutshell, for someone to have a good investment in crypto, one should be knowledgeable about crypto first, so as not to fall into the hands of scammers or losing seed phrase  

It is better to have the basic knowledge and then go into investment to that this will make you have a concrete knowledge through experience of the market movement as long as you are not planning to make quick money from your investment but to hodli for long, which becomes the best way to learn faster because you are learning at ease and will learn a lot. I know of someone that just bought bitcoin and decided to go and study on cybersecurity to enable him to keep his coins safe, because he understands that learning can be done anytime but investment should be done earlier.

[Ryu_Ar1]

The best key in this world is knowledge. Whatever you do without knowing about it is pointless, even if you have money and no knowledge in this life. Everything you accomplish will be for naught. You can't just start investing in Bitcoin without first learning about it. What do you think will happen at the conclusion of the day? Since your direction is more crucial than your speed, always keep it positive. Never consent to someone leading you astray.

I still feel that knowledge and skills and experience should be balanced in this regard.
Indeed, we will be reckless when doing something without knowledge but on the other hand, when we only struggle with knowledge and only stick to theory but without action carried out as a form of skill, it will also only be bland because it has a shell but the contents are empty considering that we only understand the theory but do not understand when applying the theory we have.

Do not forget that there are some conditions that will definitely occur when we start practicing and it will not be the same as the theory (knowledge) that we rely on as our material to try. In the end, when we only dabble in theory, our talk may lead to academic matters but we will not have anything if we do not dare to try and experience firsthand which makes knowledge with all kinds of theories useless.

[JayJuanGee]

If you have means to acquire bitcoin despite not having knowledge yet, you should do it because owning bitcoin will not limit you from acquiring the knowledge but having knowledge without owning a bitcoin is as good as nothing.

I totally disagree with you mate. How can you advise someone to purchase an item he knows nothing about??. You give this advice because you already know what  bitcoin is, its importance and its benefits. Your advice is like telling a  soldier to go for a mission in a strange territory without even a Map to know his whereabouts or information regarding his opponents. What if he gets lost or meets his opponents, he wouldn't even be able to spot them or avoid them cos he literally can't recognize them. Its as good as a failed mission. Bringing this home to our discussion. If you've funds to purchase  bitcoin without knowledge  and proper guidance,  the possibility of losing those funds is very high cos scammers are ever ready to prey on unsuspecting investors. You can even buy it at a very high rate cos you don't even know the exchange rate,  further more keeping your keys safe still comes with knowledge cos if you lose them before knowing of their importance, its as good as losing your investment. I'm an advocate of learning about any business venture one is going into properly because it helps you spot wolves in sheep clothing easily and its pertinent that if you fail to prepare yourself properly for any business venture by equipping yourself with enough knowledge first, you've prepared to fail in it. I acted on this your advice in 2014, bought Bitcoin without much knowledge of HODL and lost my coins to panic sales during the bear run of 2015. Now I can never advise someone without sufficient knowledge to invest in crypto knowing that I missed the chance of being a very wealthy man because of ignorance. You must learn first, strategize and then invest properly.

Wow.. you make some decent points DubemIfedigbo001..but you sound pretty bitter in regards to your own fuck ups in regards to bitcoin, that is if you are really telling the truth about your own mistakes..

Too bad you did not figure out ways to learn from your fuck ups and perhaps adjust your position size and approach rather than getting bitter about it and suggesting that people have to be some kind of expert in various aspects of bitcoin prior to getting started in terms of their investing into it which is surely not the case that people need to know all angles of bitcoin prior to getting started, and getting started is likely a better approach. 

One thing that likely is true, however, is that it is likely better to adjust your position size to the level of your knowledge (competencies), and surely some people can end up getting over their skis because they go at something (whether investing in bitcoin or otherwise) and they do not adjust their position size to their level of competencies, but if there are at least some attempts at balance, then position size can be helpful in terms of both learning as you go but also getting started as soon as possible, which seem to be one of the better things to do in bitcoin is to get started rather than diddly daddlying around and to be scared of it.

I was scared to invest and HODL Bitcoin since 2016 simply because I didn't have a deep knowledge about it but I paid dearly for it. If I say I have not regretted it till now, I will be telling lies. This is because I have at least $25,000 I can easily afford to invest in Bitcoin then but failed to do so since I was waiting for the right time to first learn and fully understand what I wanted to commit my money to, just like what @DubemIfedigbo001 tried to debunk, but he was wrong due to the increasing popularity of Bitcoin and neglected the fact that the more your affinity to taking risks, the better you might make it.

I am not going to deny that part of the dilemma is likely trying to figure out how much does any of us need to know prior to taking some kind of action in regards towards taking some kind of a stake, even if it is a somewhat relatively whimpy stake.

So yeah, if you had already had $25k that you could have invested into bitcoin in 2016, then it probably would not have had been a whole lot of skin off of your back to just somewhat blindly put $5k to $8.5k into bitcoin without a whole hell of a lot of studying and then just studied it along the way in order to figure out if you were going to take any kind of further stake, rather than taking no stake.. but sure, hindsight is 20/20.. and I am trying NOT to slip into that kind of a fallacy in terms of knowing what to do based on what had happened after 2016... so in that regard, DCA'ing might have been better, even if you had a $25k reserve that was then available to you... but in order to know how aggressive that you would have had been able to be, you have to take into account a lot more about your own situation, including at minimum your cashflow, your other investments, your risk tolerance, your time line and a few other factors.

I was actually in a similar situation in late 2013 when I had gotten into bitcoin.  I had some extra cash that I had already started to invest starting in about September/October 2013, and so by the time that I got into studying bitcoin in November 2013, I was already ready to put some of my extra money to work.. but there still was a bit of a problem in regards to how I was going to enter.. and so surely I was a bit worried at the time that I had first seen coin because it was approaching a 100x price increase for the whole year, so almost anyone can end up coming into an investment like that with hesitation at least in terms of the lump sum investing angle.. so therefore, I just decided to start out with DCA'ing and buying on dips rather than lump-summing .. but by the time we got towards the end of 2014, I was also trying to consider ways of lump-summing too... because I had ended up holding some of my cash coming in on reserves and even some of my investments from late 2013 were coming to their 1 year time frame by the end of 2014, so in that regard, I considered that I could use some of that money at the end of 2014 to lump sum into bitcoin.

But still it is a matter of proportion and when anyone gets started, there likely needs to continue to be learning along the way, especially if you might have done a quickie study in the beginning rather than an in-depth study when first starting out.

For instance, those who didn't have any deep knowledge about Bitcoin in the past years but risked based on its popularity and the good projects are now multimillions today. Some are even billionaires since they rather see the good in the project than find the best/deepest knowledge possible about it. To make matters worse, I was busy from the 2016 cycle till 2020 and missed out at the same time on the investment despite using Bitcoin for many financial transactions since 2014 for various inflow and outflow payments. That was so lame, and I saw myself as the fool in the Bitcoin investment but I ain't no more. This is why I advise anyone that if it's the context of "Bitcoin" that is the subject matter, they should invest even before they think when they hear others sharing testimonies and see a good prospect in it, or not think too much before they invest, you don't have to know everything. This is not a shitcoin that you can be afraid of, it's a well-planned and created asset that has been inculcated into the main financial stream of the world market, it can't be a bad idea to own your coin and continue to acquire more as it's never going to be a bad business for anymore in the long run. Bitcoin is such an asset that in the next 100 years or thereabout, it can be at over $1,000,000 per BTC, so why the fear?

I don't disagree with anything that you are saying, but for sure, the vast majority of people have difficulties investing for long periods of time, especially 100 years, and sure I understand that you are mostly just making a point that bitcoin is likely good for 100 years or more, but normies are likely going to be thinking in much shorter time periods, and it is difficult enough to suggest that they invest into something like bitcoin for 4-10 years or longer, and surely depending on how someone invests, whether DCAing, lump sum or buying on dips, there are likely going to be some preferences to stay into bitcoin for at least a couple of cycles to really start to be able to feel some of the likely ongoing compounding growth effects.. while at the same time,  some of the devils in the details in regards to some personal details in regards to how much value they are able to invest into bitcoin, and many times, people do not really have lump sum funds available to them and they might also not have their shit together very well in terms of making sure that they have their cashflow covered (their income versus their expenses.. and also having an emergency fund in place)... ..so even if we might consider that bitcoin is a kind of asset that will likely continue to grow, then a somewhat prudent (even though aggressive) investment style into it might still end up accelerating options for retirement and even early retirement... but it still could take many years to play out, and surely if someone is already at retirement age  then they have less abilities to enjoy the possible and potential compounding effects of bitcoin that are not guaranteed, but are part of the factors to consider when determining how aggressive to attempt to be in terms of both bitcoin accumulation methods and position size target considerations.

    Doing Dyor is because you have the knowledge that, through it, you can determine if a coin or crypto you want to buy has potential or not. That's why we research, we know, and because of this, while we are doing it, we are also able to get a new idea about it, to be honest.

   So it is really important that in all the aspects that we will do here in the crypto space, we have enough knowledge so that all the assets that we want to hold, whether short- or long-term, are not wasted. Because this is where the future savings we hope for in the crypto space depend.

Fuck shitcoins.

You need a whole other level of analysis if you are going to talk about shitcoins in this thread or figuring out if you should invest into that crap.

You did not use the word bitcoin once in your post, so if you are talking about bitcoin then your analysis and need for studying into particulars is going to be from a different perspective versus if you have hardly any clue regarding what is bitcoin, so you are using dumbass and vague terms such as "crypto" in order to talk about bitcoin, which likely demonstrates that you have hardly any clue about what you are talking about.

I was scared to invest and HODL Bitcoin since 2016 simply because I didn't have a deep knowledge about it but I paid dearly for it. If I say I have not regretted it till now, I will be telling lies. This is because I have at least $25,000 I can easily afford to invest in Bitcoin then but failed to do so since I was waiting for the right time to first learn and fully understand what I wanted to commit my money to, just like what @DubemIfedigbo001 tried to debunk, but he was wrong due to the increasing popularity of Bitcoin and neglected the fact that the more your affinity to taking risks, the better you might make it.
-snip-

Having the opportunity to have $25,000 in 2016 when the bitcoin price was still around $500-$700 is a rare opportunity.
I only got into crypto at the beginning of 2016 and only became active and focused in 2017.

If you buy with 1% of the funds you have at that time, of course, you will get a profit.
But can you hold it until now?

For sure 1% would be way too whimpy of an allocation into bitcoin if someone is saying that he had $25k in cash that he could have invested into bitcoin in 2016...

When someone is suggesting to invest 1% to 25% into bitcoin from your investment portfolio, usually your investment portfolio is not going to be 99% cash.. and even if you choose 20% to 40% in cash (or cash equivalents), there are likely going to be other quasi-liquid assets in your investment portfolio.. sure a personal residence is not very liquid, but there could be some level of quasi-liquid value that is represented by it.. especially in terms of equity that might be available through it.

Even though at that time Bitcoin was quite hyped and Bitcoin was the undoubted king of coins.
But indeed bitcoin still doesn't have as much power as it does today.

There will be no loss if you go into Bitcoin investment, as long as you don't go into shitcoin investment which will definitely be a lot of losses.

Fix the past by starting to buy Bitcoin at a good opportunity right now.
Chances are you won't see cheap prices like now.

Anyone who might have concluded that s/he has some kind of an investment target to start into bitcoin right now will still have to make the various calculations regarding how much to invest and the methods and timeline to accumulate BTC in order to reach his/her BTC accumulation targets, whether s/he wants to reach 1%-25% allocation or some other allocation, and over what period of time does s/he want to engage in such an accumulation process. 

The answers are going to vary, and even if many of us consider the current BTC price to be relatively low (for a variety of reasons), it could take a bit of time for a newbie to come to similar conclusions in terms of weighing the values of lump suming versus various forms of DCA'ing and/or buying on dips (if any).

I personally would attempt to make plans that involve each of the types of BTC accumulation of DCA, lump summing and buying on dips, and surely someone with $25k today might be able to divide it into 3 and put 1/3 in each of the categories, or maybe s/he might attempt to error on the side of being more aggressive and lump summing a higher portion of it, which surely would depend on his/her current cashflow situation and the status of other investments and even having an emergency fund.

[tjtonmoy]

The first rule of using a machine is to know how to run it. If you have no idea on how to operate the machine, then you can do nothing. The same thing applies to everything around us, including Bitcoin learning. You need to know the concept of Bitcoin, how it works, what it was made for, what are the pros and cons of Bitcoin. You need to learn every good and bad things about Bitcoin in order to really understand what bitcoin really is.

People these days only join Bitcoin for making money. They invest in Bitcoin without knowing nothing about it. They may have heard that they can make money by investing in Bitcoin and that's why they are here. Not all of them, but most of them are. And this is very bad for the Bitcoin ecosystem. These people are the ones who will make a loss in Bitcoin investment for not knowing enough and then go on and say that Bitcoin is a scam. So yeah, having knowledge about what you are dealing with is always the best way to approach anything.

[Odohu]

The first rule of using a machine is to know how to run it. If you have no idea on how to operate the machine, then you can do nothing. The same thing applies to everything around us, including Bitcoin learning. You need to know the concept of Bitcoin, how it works, what it was made for, what are the pros and cons of Bitcoin. You need to learn every good and bad things about Bitcoin in order to really understand what bitcoin really is.

Surprisingly,  people that tend to hold Bitcoin more are those who understand it from the angle of business with little to no technical knowledge... just the basic knowledge of how to buy and store safely. If you ask them question about the technical aspect of Bitcoin, they will rarely give you a satisfactory answer. Theirs is to buy and secure their fortune because they understand how well Bitcoin will change their lives over certain period of time.

People these days only join Bitcoin for making money. They invest in Bitcoin without knowing nothing about it. They may have heard that they can make money by investing in Bitcoin and that's why they are here. Not all of them, but most of them are. And this is very bad for the Bitcoin ecosystem.

I'm tempted to disagree with you a little because the motivation for the creation of Bitcoin was digital money that will not be controlled by a singe entity. So, if people joined Bitcoin because they feel they can make money from it, then they are very much welcomed and it is good for the Bitcoin ecosystem.

Have you imagined what will become of Bitcoin if fresh money stop flowing into it? We need both the technical guys and investors to make the Bitcoin market liquid and better. We don't have to be emotional about it, without monetary gains, more than half of the people in Bitcoin will disappear. 

[rachael9385]

You are absolutely right, but there is something that I expected you to mention, but you didn't say it (maybe you are supporting short timers).
Well, to be a good investor, you must have the patience of HOLDING. Bitcoin is not all about buying and sending or even selling, although knowing the best and safest wallet that one can keep Bitcoin is also part of good knowledge, but patience for long term holding is better than knowledge. However, both of them are good, but without patience an investor will run at a loss if the investor doesn't have one.

rachael19385,you got and misunderstood my point here. I am not saying anything about short term investment. If you like you can hold your bitcoin for 100 years, someday you must sell to make profit because profit is the real reason why everyone is investing in bitcoin and believes that bitcoin will give good profit at the long run, maybe after 10yrs.

Well, you are right on this, every investor can sell their coins, but at the same point, I still don't buy the idea that every investor must sell their coins even if they live for over 10 years.

Some investors might sell save funds on Bitcoin for their children sake, just how people save their fiat for their children so when their children are grown up the children can have full control over the funds. Now if an investor save or accumulated Bitcoin for his child sake for 10 to 20 years and when the child is grown the father or the mother who invested in Bitcoin for the sake of the child finally give the key to the child, then the child sell the coin, now my questions are, is it the investor that sold the coin or someone who inherited the coin from the parent? that was why I said investor will surely sell their coin but not all investors will sell their coin. (Hope you get my point?)

This was why I stated 'sell' as part of the basic knowledge one need and also, one must buy your bitcoin through p2p from an exchange either centralized or decentralized. Bitcoin does not fall from heaven neither most investors are miners. So, the major most common way that people who are not being paid with bitcoin can get bitcoin is by purchase.

I am still in my position, so I believe the sell button is not an option for an investor, no matter how long the person has been holding his coins, but it is true that one day an investor will click the sell button, but selling Bitcoin doesn't acquire more knowledge. The things that are more important are buying and holding. If an investor does not have the knowledge to buy Bitcoin, how will the investor sell?

Come to talk about patience, most anyone learn how to be patience or does knowledge brings patience NO. Patience is a practice in which you put in when you have a big goal to achieve especially when you know that it will take a very long time before you can achieve it. For example, it is just like you want to buy a house of $20,000, and all you can save for the month is $100. If you know how important shelter is, then you can choose to start saving $100 in for 20 months for you to be able to buy the house, and with this your goal and target, you know that you must wait till 20 months with steady saving of $100, meaning because you know the benefit of owning a house you must be patient till the money is complete.

However, you are right but there is something that you are missing so far, yes, patient is a practice right? But how can we practice if we don't learn?

You see, the both works together, if an investor practice but don't have good knowledge about Bitcoin that means there will be a lot of mistakes which you already know, inventualy, that investor might end up being a victim in the hands of scammers.

This is how bitcoin too is, and that was where you got me wrong, i said that you must have a target and work towards accumulating you bitcoin target disregard of whether you have the major knowledge of bitcoin or not, what matters is that you have started and you have a goal to achieve, because one of the basic knowledge of bitcoin is that it is a long term investment, and long term investment goes with patience.

Yes, you are absolutely right on this, the goal to achieve is what's important, no matter what, yeah, some investors don't have a specific amount of Bitcoin they want they just conclude to accumulate and hold for number of years before they might click the sell button and the only thing that can help them to achieve their goals is only patience and nothing more nothing less

I don't know if I am totally wrong, but I honestly disagree with what you said. We already know that holding is one of the best ways to benefit from Bitcoin, and I also believe that everybody who wants to have the knowledge of Bitcoin wants to benefit from Bitcoin, so how does holding not need much knowledge?

However, if one doesn't have Bitcoin knowledge, he can't afford to hold his coins for more than a week. Knowledge is what makes a Bitcoin investor hold his coins for a long term (prove me wrong).

You are wrong on this mate, as long as I have plans to save my money, and every month I assign my savings to buy bitcoin, I don't need any knowledge to discipline me on doing this regular, rather what I need is discipline on making sure that I buy whenever I get my pay cheque, because I am not even concerned about the price of bitcoin either if it is dumping or pumping because as soon as i get my pay cheque, I also have a fraction that I assign to save in bitcoin. Do anyone needs a vast knowledge on how to save fiat currency in banks..NO

DCAing don't need any big knowledge than your own plan of how much you will use on DCAing based on your income and how you can make sure that you don't get distracted with your accumulating strategy, which is a personal decision.

I believe that we need more knowledge to reschedule or reshuffle our monthly or weekly expenses before we can start accumulating Bitcoin, so in this case if one don't have discipline to minimize his expenses then no way to invest in Bitcoin because a day will come when the so called investor that has no discipline to minimize his funds will run low on cash based on an emergency will rush to sell just to solve a slit problem.

[ginsan]

Having the opportunity to have $25,000 in 2016 when the bitcoin price was still around $500-$700 is a rare opportunity.
I only got into crypto at the beginning of 2016 and only became active and focused in 2017.

If you buy with 1% of the funds you have at that time, of course, you will get a profit.
But can you hold it until now?

Even though at that time Bitcoin was quite hyped and Bitcoin was the undoubted king of coins.
But indeed bitcoin still doesn't have as much power as it does today.

There will be no loss if you go into Bitcoin investment, as long as you don't go into shitcoin investment which will definitely be a lot of losses.

Fix the past by starting to buy Bitcoin at a good opportunity right now.
Chances are you won't see cheap prices like now.

It seems that in that year, precisely in 2017, Bitcoin was very booming because it recorded ATH that year if I'm not mistaken. Many of them actually sold their holdings to take advantage at that time. But if they don't buy it again it will definitely be the biggest regret for them. I also felt the same way at that time because I sold some of my BTC just to gamble and that was the worst decision I made.  So, seeing the increasingly advanced development of Bitcoin, it would be incomplete for us if we don't have Bitcoin in our portfolio.

To enter at the current price is quite appropriate because Bitcoin, if I pay attention, is in the sideway phase, which is the best option for accumulating Bitcoin. I only buy Bitcoin with DCA which I do every 2 weeks or once a week but it all depends on the income I get. But I will not skip any steps to buy Bitcoin because I will treat my regret first by buying BTC and continuing to accumulate it.

[pixie85]

It's a philosophical question.

If you have knowledge without bitcoin, how are you going to use it? Are you going to give people advice on how to store their bitcoin, without having any yourself?
On the other hand, owning bitcoin without any knowledge is also bad. A fool and his money are soon parted, right? So if you have money without knowledge of how to use it,chances are you'll lose it.

If I had to choose I'd rather have bitcoin without knowledge. I'm a gambler and there's a fair chance I wouldn't lose my keys or let myself be scammed and get some profit in the end.

[Mate2237]

Because of the lack of knowledge to invest in bitcoin make bitcoin not for everyone. Because before you invest, you must have the technical know how of the technology so that you will be galant in whatever comes or challenges. And that is why when people are saying that bitcoin is for everyone, I only believed that  those guys do not really understand bitcoin, and I don't want to say something on the other threads but what the op here had said made it clear that to invest in bitcoin you must have the "basic knowledge" and which is the most important part in bitcoin investment and those who has no knowledge on bitcoin can't involved themselves in this new technology. Even in the forum, those who are not good in bitcoin, writing and contributing to meaningful knowledge can't join it because they have nothing to offer. I am also on the school of thought that bitcoin is not for everyone because because bitcoin is limited to some group of people. Children, old age, and the blind are not meant to use bitcoin though someone can use it for them but it themselves. All those early users of bitcoin who sold it because of fear lack the knowledge of bitcoin and sold them off for the fear of losing.

This your thread too is also the category of those first experienced of bitcoin. And forum is the best place to learn anything concerning of bitcoin. Joining this forum helps one to prevent being scammed. And other things to learn in the forum. All what you need to do is patient and reading.

[Blitzboy]

Because of the lack of knowledge to invest in bitcoin make bitcoin not for everyone. Because before you invest, you must have the technical know how of the technology so that you will be galant in whatever comes or challenges. And that is why when people are saying that bitcoin is for everyone, I only believed that  those guys do not really understand bitcoin, and I don't want to say something on the other threads but what the op here had said made it clear that to invest in bitcoin you must have the "basic knowledge" and which is the most important part in bitcoin investment and those who has no knowledge on bitcoin can't involved themselves in this new technology. Even in the forum, those who are not good in bitcoin, writing and contributing to meaningful knowledge can't join it because they have nothing to offer. I am also on the school of thought that bitcoin is not for everyone because because bitcoin is limited to some group of people. Children, old age, and the blind are not meant to use bitcoin though someone can use it for them but it themselves. All those early users of bitcoin who sold it because of fear lack the knowledge of bitcoin and sold them off for the fear of losing.

This your thread too is also the category of those first experienced of bitcoin. And forum is the best place to learn anything concerning of bitcoin. Joining this forum helps one to prevent being scammed. And other things to learn in the forum. All what you need to do is patient and reading.

Absolutely, investing in Bitcoin requires a degree of knowledge, and you've hit the nail on the head in noting that it's not for everyone. But let’s spin this yarn another way, shall we? I'd argue that while technical know-how is beneficial, you don't necessarily have to be a blockchain engineer to invest wisely in Bitcoin. It’s like driving a car; you don’t need to be a mechanic to drive safely and efficiently. It’s important to understand the basics, of course, but the nitty-gritty technical details? Perhaps not essential for everyone.

Your point about the forum being a great place to learn is spot on, yet it doesn't mean that newcomers, who may lack profound knowledge in Bitcoin, have nothing to offer. Fresh perspectives, new questions, and novel ideas often come from those not deeply entrenched in the current ways of thinking. If we restrict Bitcoin to those with pre-existing knowledge, are we stifling its potential for mass adoption? Just something to chew on.

[Marvell1]

Because of the lack of knowledge to invest in bitcoin make bitcoin not for everyone.

I completely disagree with your thoughts, not only bitcoin but any investment, job or field with no knowledge, what can you do? You will not be able to do anything anywhere without knowledge, knowledge is a must if we want to start anything.

Bitcoin is for everyone, but whether people embrace it or not depends on each person. Like the saying goes, "when people really want something, they will definitely find a way", as long as they have determination, they can do it.

Many people have the misconception that bitcoin is only for tech-savvy people. That's not true, Bitcoin is for everyone, even those who know nothing about technology, as long as they have passion and are eager to learn, technology is not a barrier.

[rachael9385]

Because of the lack of knowledge to invest in bitcoin make bitcoin not for everyone.

I completely disagree with your thoughts, not only bitcoin but any investment, job or field with no knowledge, what can you do? You will not be able to do anything anywhere without knowledge, knowledge is a must if we want to start anything.

Bitcoin is for everyone, but whether people embrace it or not depends on each person. Like the saying goes, "when people really want something, they will definitely find a way", as long as they have determination, they can do it.

Many people have the misconception that bitcoin is only for tech-savvy people. That's not true, Bitcoin is for everyone, even those who know nothing about technology, as long as they have passion and are eager to learn, technology is not a barrier.

Yes, I agree with you, @Marvell1. @Mate2237 got it all wrong on this. Knowledge is the most important thing in everything one is doing, whether Bitcoin or not, even in our social life. If one doesn't have the knowledge to do things at the right time, that means the thing that is done at the wrong time is a total waste of time. Knowledge will help one know how to do something at the right time, but if one doesn't have the knowledge, the person will do what he wants at the wrong time, just like knowing that Bitcoin is for everyone but they don't want to take advantage of it. Without knowledge, one won't know that Bitcoin is for everyone or even if the person does know that Bitcoin is for everyone, the fear of risking their funds, the person will not take advantage of it.

Because of the lack of knowledge to invest in bitcoin make bitcoin not for everyone. Because before you invest, you must have the technical know how of the technology so that you will be galant in whatever comes or challenges. And that is why when people are saying that bitcoin is for everyone, I only believed that  those guys do not really understand bitcoin, and I don't want to say something on the other threads but what the op here had said made it clear that to invest in bitcoin you must have the "basic knowledge" and which is the most important part in bitcoin investment and those who has no knowledge on bitcoin can't involved themselves in this new technology. Even in the forum, those who are not good in bitcoin, writing and contributing to meaningful knowledge can't join it because they have nothing to offer. I am also on the school of thought that bitcoin is not for everyone because because bitcoin is limited to some group of people. Children, old age, and the blind are not meant to use bitcoin though someone can use it for them but it themselves. All those early users of bitcoin who sold it because of fear lack the knowledge of bitcoin and sold them off for the fear of losing.

This your thread too is also the category of those first experienced of bitcoin. And forum is the best place to learn anything concerning of bitcoin. Joining this forum helps one to prevent being scammed. And other things to learn in the forum. All what you need to do is patient and reading.

Your point about the forum being a great place to learn is spot on, yet it doesn't mean that newcomers, who may lack profound knowledge in Bitcoin, have nothing to offer. Fresh perspectives, new questions, and novel ideas often come from those not deeply entrenched in the current ways of thinking. If we restrict Bitcoin to those with pre-existing knowledge, are we stifling its potential for mass adoption? Just something to chew on.

Everyone has something to offer, either big or small, new or old. New things are yet to come, ideas, knowledge that we must practice aren't yet coming, so I still believe newcomers are still smart enough to give us some Bitcoin ideas and knowledge we don't have yet. Since technologies are improving, that means there are things we haven't heard or seen within ourselves and some of these things might come from newcomers. .

[Z_MBFM]

The first rule of using a machine is to know how to run it. If you have no idea on how to operate the machine, then you can do nothing. The same thing applies to everything around us, including Bitcoin learning. You need to know the concept of Bitcoin, how it works, what it was made for, what are the pros and cons of Bitcoin. You need to learn every good and bad things about Bitcoin in order to really understand what bitcoin really is.

Bitcoin was a very difficult thing for a time but nowadays it is very easy to learn about Bitcoin because Google has many articles in the local language of each country, there are YouTube videos. Now investing in Bitcoin requires a good financial status. Because Bitcoin is a currency where the probability of loss is very low if one can hold it for a long time. So since the profit is sure, investing in Bitcoin does not require much knowledge. However, since Bitcoin is completely internet based, it is necessary to know the process of storing it securely and about a secure wallet.

People these days only join Bitcoin for making money. They invest in Bitcoin without knowing nothing about it. They may have heard that they can make money by investing in Bitcoin and that's why they are here. Not all of them, but most of them are. And this is very bad for the Bitcoin ecosystem. These people are the ones who will make a loss in Bitcoin investment for not knowing enough and then go on and say that Bitcoin is a scam. So yeah, having knowledge about what you are dealing with is always the best way to approach anything.

Bitcoin is definitely a good way to make money and that is why people are so hyped about Bitcoin. People believe about Bitcoin that it can give profit but many people think that Bitcoin can give quick profit which is why they don't think about holding it. And after investing they panic to sell quickly and that's why they face losses and all these people spread negative messages about Bitcoin. Bitcoin doesn't care about these negative messages. Because it is completely decentralized and no one can control it. Therefore, it is not possible to change its price at will

[Suzume]

Many of us had many misconceptions about Bitcoin. Especially before I joined to Bitcoin forum, I had many misconceptions about Bitcoin. Later I came to the forum and slowly got my idea about crypto and about bitcoin. After getting the idea about bitcoin, you can know about the investment in bitcoin from which you can get a lot of profit if you have good knowledge about Bitcoin. If you do not have enough knowledge about crypto world then you will invest right but your investment will not be profitable. For this reason you should have  knowledge about it before investing. Especially security.

[Dr.Bitcoin_Strange]

Is Bitcoin hodling more important? well I have read a couple of post which always talk about owning Bitcoins which is definitely a good idea especially as someone in the crypto space however will hodling Bitcoin be important without proper understanding of Bitcoin and the crypto space? Of course not.

Well, I think that before a Bitcoiner will even be able to hold their Bitcoin, they should have gained proper knowledge about it; otherwise, they can't hold their asset for a very long time for some reasons. An example is myself, when I was still not so experienced with Bitcoin.

Some years ago, I would usually wonder how Bitcoin even works; I never knew how to or where to buy it, and I did not know that there was anything called a cold or hot wallet. I did not know that I could lose my Bitcoin if I exposed my private key or wallet phrase.

Fast forward to when I started learning about Bitcoin. I did not know that if I overinvested in Bitcoin, I would not be able to hold it for a long time because any time I had an arising need, I would still sell my coin and use the money to attend to my financial needs.

I know that during my early days in Bitcoin, I was so scared of price volatility because I always wondered what would happen if Bitcoin fell and my investment would just be a waste. But now I know better and have more knowledge about investing in Bitcoin. Some people could not hold their Bitcoin because they were also scared of price volatility, so they panicked and sold off their Bitcoin. With proper knowledge about Bitcoin, an investor will not panic during price volatility because volatility is a very known characteristic of Bitcoin.

Fast forward to when I started learning about Bitcoin wallets, and then I realized that we have wallets that are open source and closed source, and that there are also the best wallets for Bitcoin. Like the electrum wallet and the blue wallet for mobile users.

So, OP, it is very vital for someone to properly learn about Bitcoin and how to invest in Bitcoin; otherwise, they might not be able to hold so tight.

[JunkieMiner]

lastly you can always earn Bitcoins once you have a solid knowledge of it .you can even earn Bitcoins indirectly by teaching others or even running a local exchange and lots more. so newbies out there do not rush into buying Bitcoin without first understanding  Bitcoin which can even be done by engaging in important discussions on the forum expecially those of experts and experienced investors. remember knowledge is power.

How could we earn bitcoin by teaching others? Whether that will be without investment? Bitcoin is not knowledge itself. Bitcoin is a coin just like other coins, the more its hype is due to the way it is behaving. If we don't know about bitcoin, we can't trade in the manner that should be needed for it, also we have to know about more traders' experience. Trader's experience comes from other top traders, we should know about them in different discussions, and engage in those.

[shield132]

Personally I can say that knowledge in cryptocurrencies isn't very beneficial because ask yourself, why is bitcoin popular? And then compare possiblities of bitcoin to Monero. Everyone will tell you that bitcoin is decentralized, anonymous, etc... But then there is a monero. Logically, Monero should be the number one cryptocurrency and not bitcoin because monero is decentralized where every user is anonymous by default. Then there is an ethereum that offers a lot of features unlikely to Bitcoin but still bitcoin is number one currency. I can't actually understand it. I don't say that bitcoin is bad, no, it's great but I used to think that Monero and Ethereum had potential to surpass bitcoin. That's why I think that bitcoin hodling is more important than bitcoin knowledge.

[SOKO-DEKE]

so newbies out there do not rush into buying Bitcoin without first understanding  Bitcoin which can even be done by engaging in important discussions on the forum expecially those of experts and experienced investors. remember knowledge is power.

Yes, knowledge is power, but that doesn't mean someone should know everything before they can invest in Bitcoin. Knowledge is a gradual process because someone can't know everything. If someone is waiting for time to know almost everything about Bitcoin and cryptocurrency, they may miss some opportunities, but the best idea for newbies is to have the basic knowledge about Bitcoin and cryptocurrency in general, like knowing the risks involved in bitcoin, knowing where to purchase bitcoin, and also knowing proper wallets to keep the bitcoin so it can have proper security for their investment. With that, newbies can start their Bitcoin investment journey. Sofar is not trading that newbies want to get involved in themselves, I think some basic knowledge is okay to start up a Bitcoin journey.
 

[Youngkhngdiddy]

Yes, knowledge is power, but that doesn't mean someone should know everything before they can invest in Bitcoin. Knowledge is a gradual process because someone can't know everything. If someone is waiting for time to know almost everything about Bitcoin and cryptocurrency, they may miss some opportunities, but the best idea for newbies is to have the basic knowledge about Bitcoin and cryptocurrency in general, like knowing the risks involved in bitcoin, knowing where to purchase bitcoin, and also knowing proper wallets to keep the bitcoin so it can have proper security for their investment. With that, newbies can start their Bitcoin investment journey. Sofar is not trading that newbies want to get involved in themselves, I think some basic knowledge is okay to start up a Bitcoin journey.
 

 It’s is true knowledge is power and golden, it gives you standard and confident in what you’re doing. You cannot have the knowledge of Bitcoin or the cryptocurrency space at a single sitting, even the pros in the market they still learn everyday from the market and even study more to be solid in trading. One thing people need to know is that Bitcoin is not a get rich quick scheme. It involves paying close and learning about the market. To become a successful trader, you need to be more informed and enlightened further more do more research and become master in any of the analysis techniques available. All this information will make you know what crypto to invest and when to invest. They are always hidden information when a coin is about to reach an all time high or even low. Once you don’t pay close attention to this information you either miss out from the opportunity the particular coin bring or you see your money go down the slide.
  This is why having the knowledge first is really important, cause you need to have the basic idea of what crypto you investing in. This is mistake newbies do cause they feel Bitcoin is a platform where you just put money and you leave it to rise, but this is not the case. With the knowledge you have about a particular coin you can know the coin to hodl even when it’s in it lowest low.

[irhact]

Many of us had many misconceptions about Bitcoin. Especially before I joined to Bitcoin forum, I had many misconceptions about Bitcoin. Later I came to the forum and slowly got my idea about crypto and about bitcoin. After getting the idea about bitcoin, you can know about the investment in bitcoin from which you can get a lot of profit if you have good knowledge about Bitcoin. If you do not have enough knowledge about crypto world then you will invest right but your investment will not be profitable. For this reason you should have  knowledge about it before investing. Especially security.

It's the knowledge that you have about Bitcoin that'll make you to invest into it because if you didn't have any knowledge you won't know what Bitcoin is. This thread isn't about knowing about the crypto world but about Bitcoin and anyway you invest in Bitcoin, you can make profits when you keep your Bitcoin very safe. The forum teach us to not keep our Bitcoin on exchanges or make use of non custodial wallets because they can be hacked and the Bitcoin gets stolen.

Any individual that's always on the forum will pick interest to buy Bitcoin and not just having the knowledge of Bitcoin. When you don't Invest, you're making the knowledge to go to waste. Having knowledge about Bitcoin before investing will make you have lots of ideas of how to protect your Bitcoin, which is good.

[JayJuanGee]

Personally I can say that knowledge in cryptocurrencies isn't very beneficial because ask yourself, why is bitcoin popular? And then compare possiblities of bitcoin to Monero. Everyone will tell you that bitcoin is decentralized, anonymous, etc... But then there is a monero. Logically, Monero should be the number one cryptocurrency and not bitcoin because monero is decentralized where every user is anonymous by default. Then there is an ethereum that offers a lot of features unlikely to Bitcoin but still bitcoin is number one currency. I can't actually understand it. I don't say that bitcoin is bad, no, it's great but I used to think that Monero and Ethereum had potential to surpass bitcoin. That's why I think that bitcoin hodling is more important than bitcoin knowledge.

You make some good points that there might be some other features that are touted to be better than bitcoin, but sometimes the extent to which those features might be touted as better is not so obvious, and many times in technology, if you want to displace an incumbent (which would be bitcoin in this case), then you need to be clearly and unambiguously 10x better than the incumbent, and I doubt you would argue that Monero, Ethereum or any other shitcoin is actually 10x better than bitcoin... so it has to be that level of clarity (in the ballpark of 10x) in terms of how much it is better... otherwise the incumbent is going to continue to build and gravitate value and to grown market share greater than all of the rest, in terms of the seven network effects outlined by Trace Mayer.

And just a little side note in regards to that piece of crap, ethereum that you mentioned, there really is no clarity about how many coins were premined.. so a pretty big gap in the supply, and POS is really dumb in compared with Bitcoin's POW innovation that really brings it a lot of strength in terms of sound money that really cannot be fucked with.

lastly you can always earn Bitcoins once you have a solid knowledge of it .you can even earn Bitcoins indirectly by teaching others or even running a local exchange and lots more. so newbies out there do not rush into buying Bitcoin without first understanding  Bitcoin which can even be done by engaging in important discussions on the forum expecially those of experts and experienced investors. remember knowledge is power.

How could we earn bitcoin by teaching others? Whether that will be without investment? Bitcoin is not knowledge itself. Bitcoin is a coin just like other coins,

It sounds as if you do not know about bitcoin.

Bitcoin is not a coin just like other coins merely because it has "coin" in its name.

Shitcoiners likely to make such dumb assertions that bitcoin is just the same as other coins, and then that way the shitcoiners can pump their shit and mislead you into thinking that you need to diversify your portfolio into shitcoins... which surely is an ill-informed approach, especially known more by those who actually come to learn bitcoin better, whether they end up going through a shitcoin phase first or not...

Going through a shitcoin phase is not a prerequisite in order to learn about bitcoin, even though a lot of folks do got through some kind of shitcoin phase before they figure out that bitcoin is different.. and that bitcoin is the one that should be learned first in order to lessen the likelihood of getting sucked into bullshit and distracting pump and dump nonsense that is part and parcel of the shitcoin scene.

the more its hype is due to the way it is behaving.

Bitcoin is more than just market sentiment.  You might want to study a bit into what bitcoin is before you try to summarize bitcoin as being market sentiment, even though there surely is some market sentiment, but you are not going to be a very good investor into bitcoin if you are using market sentiment to guide the way that you invest into bitcoin.  If you follow market sentiment, you are likely going to end up getting reckt and not having hardly any (if any) grounding in terms of actual bitcoin knowledge.

If we don't know about bitcoin,

Through your own words, you have already shown that you don't really seem to know much if anything about bitcoin.

we can't trade in the manner that should be needed for it,

Sure, you can trade and fuck around with shitcoins, but it is not a good idea to be trading and fucking around with bitcoin, unless you want to get reckt.

With bitcoin you should just be figuring out ways to ongoingly accumulate it and also to make sure that you figure out ways to secure your stash.. as you might be attempting to reach target levels of accumulation.. which could take 4-10 years or more to reach depending upon from where you might be starting and if you are able to lump sum into bitcoin versus more common ways of dollar cost averaging and buying on dips.

also we have to know about more traders' experience. Trader's experience comes from other top traders, we should know about them in different discussions, and engage in those.

Fuck traders.  That is a specialty field.  Not very many traders actually make money, and it is not very smart to just jump into trading if you think that you want to make money, unless you learn that kind of a specialty, and you surely do not need to learn how to trade in order to figure out how to accumulate bitcoin and to invest into bitcoin... unless you are just trying to lose money, entertain yourself and/or gamble, which might be all fun and games until you might spend several years of your life fucking around with that kind of fun and thinking that you are going to get rich when in fact you end up making no progress or getting anywhere and when you should have had been taking a more prudent and practical approach, especially when it comes to bitcoin .. which is likely one of the best (if not the best) investment assets that have ever come available.. and hopefully you are not so dumb as to waste a good opportunity by getting overly greedy and failing/refusing to take a more practical approach with such a great asymmetric bet to the upside (namely bitcoin).

[Iranus]

Personally I can say that knowledge in cryptocurrencies isn't very beneficial because ask yourself, why is bitcoin popular? And then compare possiblities of bitcoin to Monero. Everyone will tell you that bitcoin is decentralized, anonymous, etc... But then there is a monero. Logically, Monero should be the number one cryptocurrency and not bitcoin because monero is decentralized where every user is anonymous by default. Then there is an ethereum that offers a lot of features unlikely to Bitcoin but still bitcoin is number one currency. I can't actually understand it. I don't say that bitcoin is bad, no, it's great but I used to think that Monero and Ethereum had potential to surpass bitcoin. That's why I think that bitcoin hodling is more important than bitcoin knowledge.

In theory, ETH or XMR both show that they have many superior features than bitcoin, but in reality everything will be completely different from theory. There is no reason for anyone to choose bitcoin if it proves to be inferior to the other two coins or any other altcoin that exists in the market. Maybe a few people will be confused but there's no way the whole world can be confused about it.

Regarding holding and knowledge, I just want to know if you don't have knowledge, how can you hold bitcoin? If you know nothing about bitcoin: how it works, its fluctuations, and wallets to store it...if you don't know these things, how can you confidently hold bitcoin? They say knowledge is power, meaning when you have knowledge about it, you will understand it clearly and have faith in it. The same thing happens with bitcoin, why many people can hold it for many years to gain thousands of percent profits, but many people cannot hold it even when buying at low prices? Everything is decided by faith, and to have faith, you need to understand it clearly.

[Marvell1]

Because of the lack of knowledge to invest in bitcoin make bitcoin not for everyone.

I completely disagree with your thoughts, not only bitcoin but any investment, job or field with no knowledge, what can you do? You will not be able to do anything anywhere without knowledge, knowledge is a must if we want to start anything.

Bitcoin is for everyone, but whether people embrace it or not depends on each person. Like the saying goes, "when people really want something, they will definitely find a way", as long as they have determination, they can do it.

Many people have the misconception that bitcoin is only for tech-savvy people. That's not true, Bitcoin is for everyone, even those who know nothing about technology, as long as they have passion and are eager to learn, technology is not a barrier.

Yes, I agree with you, @Marvell1. @Mate2237 got it all wrong on this. Knowledge is the most important thing in everything one is doing, whether Bitcoin or not, even in our social life. If one doesn't have the knowledge to do things at the right time, that means the thing that is done at the wrong time is a total waste of time. Knowledge will help one know how to do something at the right time, but if one doesn't have the knowledge, the person will do what he wants at the wrong time, just like knowing that Bitcoin is for everyone but they don't want to take advantage of it. Without knowledge, one won't know that Bitcoin is for everyone or even if the person does know that Bitcoin is for everyone, the fear of risking their funds, the person will not take advantage of it.

Satoshi created bitcoin with decentralized nature and even he couldn't control it, which means he wanted to create it for everyone, who loves freedom and respects their privacy. Just like wealth, no one can stop us from becoming rich except ourselves. If we are lazy, do not make efforts, and refuse to accept challenges and risks, how can we become rich? Clearly, we are making ourselves become barriers for ourselves. Those who always say that this is not for them, that is not suitable for them, are just excuses for their laziness.

If we don't know, let's learn. If you can't learn it yourself, ask someone else to teach you. If others don't teach you, find someone else. As I said, if we really want it, we will always find a way to achieve it, it's all just an excuse for our laziness.

[8rch7]

Personally, we can understand well and have more knowledge about bitcoin during have invest assets there, we can run as well as with investing in bitcoin and another way learn step by step about bitcoin investment. There are not required have to understand or get knowledge first before investing in bitcoin, actually make us easy for understanding all about bitcoin when have investing assets. Looking on price up and down with bitcoin what have necessary with important thing about knowledge, its looks simple as possibility sell when bitcoin on higher price and reinvesting later when bitcoin have in lower price.
Don't need to learn chart or any bitcoin movement progress day by day but not get action yet for investing in bitcoin.

[DaNNy001]

Because of the lack of knowledge to invest in bitcoin make bitcoin not for everyone. Because before you invest, you must have the technical know how of the technology so that you will be galant in whatever comes or challenges. And that is why when people are saying that bitcoin is for everyone, I only believed that  those guys do not really understand bitcoin, and I don't want to say something on the other threads but what the op here had said made it clear that to invest in bitcoin you must have the "basic knowledge" and which is the most important part in bitcoin investment and those who has no knowledge on bitcoin can't involved themselves in this new technology. Even in the forum, those who are not good in bitcoin, writing and contributing to meaningful knowledge can't join it because they have nothing to offer. I am also on the school of thought that bitcoin is not for everyone because because bitcoin is limited to some group of people. Children, old age, and the blind are not meant to use bitcoin though someone can use it for them but it themselves. All those early users of bitcoin who sold it because of fear lack the knowledge of bitcoin and sold them off for the fear of losing.

This your thread too is also the category of those first experienced of bitcoin. And forum is the best place to learn anything concerning of bitcoin. Joining this forum helps one to prevent being scammed. And other things to learn in the forum. All what you need to do is patient and reading.

Absolutely, investing in Bitcoin requires a degree of knowledge, and you've hit the nail on the head in noting that it's not for everyone. But let’s spin this yarn another way, shall we? I'd argue that while technical know-how is beneficial, you don't necessarily have to be a blockchain engineer to invest wisely in Bitcoin. It’s like driving a car; you don’t need to be a mechanic to drive safely and efficiently. It’s important to understand the basics, of course, but the nitty-gritty technical details? Perhaps not essential for everyone.

Your point about the forum being a great place to learn is spot on, yet it doesn't mean that newcomers, who may lack profound knowledge in Bitcoin, have nothing to offer. Fresh perspectives, new questions, and novel ideas often come from those not deeply entrenched in the current ways of thinking. If we restrict Bitcoin to those with pre-existing knowledge, are we stifling its potential for mass adoption? Just something to chew on.

Simply exquisite mate, your explanation and break down of this is quite interesting but that's the truth about being an bitcoin investor and I can take myself for an example on this because till date I can bet that I don't still know the whole technical aspects of bitcoin but that doesn't mean it prevented me from investing or it even stopped me from trying to make an investment in bitcoin. I literally was amuse by the curiosity that bitcoin brought to me and used that energy to actually follow up to learn the basics which I know is what I will be needing plus a strong idea, idea and principle to follow up with me having bitcoin because you as an investor without a plan is totally nonsense because you might end up scattering everything about your actual targets but that's even of course you have one.

note:: technical knowledge is still very important but like you said isn't really a major at first if want to practically invest in bitcoin

[adultcrypto]

Personally I can say that knowledge in cryptocurrencies isn't very beneficial

I totally disagree with you on this and I will advise you change your mindset regarding knowledge because it is actually very important in any venture. There is a popular saying that "Ignorance is a disease" and as you know, ignorance is the absence of knowledge. Where will you start from if you have no knowledge of what you are getting yourself involved in? How can you even protect your assets without knowledge? In all you do, please don't downplay the importance of at least basical knowledge.

because ask yourself, why is bitcoin popular?

Bitcoin popularity is well deserved. Bitcoin is the reason we are here, it is the first and will always remain the best. It is not controlled by men on suit who have spent some money on marketing shit and looking for who to steal from. Bitcoin is just starting and will even get more popular.

And then compare possiblities of bitcoin to Monero.

There is no basis of comparison.  I have not looked at Monero before and I do not plan to do that anytime soon.

Then there is an ethereum that offers a lot of features unlikely to Bitcoin but still bitcoin is number one currency. I can't actually understand it. I don't say that bitcoin is bad, no, it's great but I used to think that Monero and Ethereum had potential to surpass bitcoin. That's why I think that bitcoin hodling is more important than bitcoin knowledge.

Seems you are so soaked in shitcoins. The earlier to covert a good portion of your bag to Bitcoin, the better for you. Nothing beats Bitcoin for now.

[Popkon6]

An ideal investor should have the basic objective of risk taking ability, will power to invest and proper knowledge of how to invest. A person who invests for profit is certainly more likely to lose his portfolio due to greed.
So if you want to invest, you must get proper knowledge about investment and if you invest for a long time, or if you invest at the right time, you can definitely be profitable. So we have to get rid of excess temptations and enter into proper investments.
These are the reasons for which an ideal investor would be considered, and have the highest risk tolerance. Because risk plays the biggest role in investing in Bitcoin.

[Altryist]

Fuck traders.  That is a specialty field.  Not very many traders actually make money, and it is not very smart to just jump into trading if you think that you want to make money, unless you learn that kind of a specialty, and you surely do not need to learn how to trade in order to figure out how to accumulate bitcoin and to invest into bitcoin... unless you are just trying to lose money, entertain yourself and/or gamble, which might be all fun and games until you might spend several years of your life fucking around with that kind of fun and thinking that you are going to get rich when in fact you end up making no progress or getting anywhere and when you should have had been taking a more prudent and practical approach, especially when it comes to bitcoin .. which is likely one of the best (if not the best) investment assets that have ever come available.. and hopefully you are not so dumb as to waste a good opportunity by getting overly greedy and failing/refusing to take a more practical approach with such a great asymmetric bet to the upside (namely bitcoin).

Some traders can make money, but this must be assessed from the point of view that they previously had to spend a lot of time to gain knowledge, and perhaps all this time they were losing money. Statistics say that only a few percent of traders become successful, and for the rest it is simply a waste of money, time and perhaps nothing more than gambling.

We need to think carefully before engaging in trading, because we can simply hold Bitcoin and make a profit. This is not the only investment that can make a profit, but if compared with traditional directions, their payback can be from 5 years, at least that’s how it works for me. During the same time, Bitcoin is capable of bringing in several times more profit, so its advantage is obvious.

[Z-tight]

A person who invests for profit is certainly more likely to lose his portfolio due to greed.

Do you invest to make loss? If you take BTC as an investment asset and you're not buying it to spend it on a commodity or to pay for a service, then you are investing to make profit; and there's nothing wrong it it. The problem may be when you are greedy and invest more than you can afford to lose. But the aim of investment is to make profit.

So if you want to invest, you must get proper knowledge about investment and if you invest for a long time, or if you invest at the right time, you can definitely be profitable. So we have to get rid of excess temptations and enter into proper investments.

It is hard to invest at the 'right time', because you cannot predict the 'right time', that's why there are strategies like dca for investors to use. And by the way, the only knowledge you need as a BTC investor is in how to properly store the keys and seed phrase to your coins, and the best wallets for you to use too, unlike trading that requires special skills.

[rachael9385]

Because of the lack of knowledge to invest in bitcoin make bitcoin not for everyone.

I completely disagree with your thoughts, not only bitcoin but any investment, job or field with no knowledge, what can you do? You will not be able to do anything anywhere without knowledge, knowledge is a must if we want to start anything.

Bitcoin is for everyone, but whether people embrace it or not depends on each person. Like the saying goes, "when people really want something, they will definitely find a way", as long as they have determination, they can do it.

Many people have the misconception that bitcoin is only for tech-savvy people. That's not true, Bitcoin is for everyone, even those who know nothing about technology, as long as they have passion and are eager to learn, technology is not a barrier.

Yes, I agree with you, @Marvell1. @Mate2237 got it all wrong on this. Knowledge is the most important thing in everything one is doing, whether Bitcoin or not, even in our social life. If one doesn't have the knowledge to do things at the right time, that means the thing that is done at the wrong time is a total waste of time. Knowledge will help one know how to do something at the right time, but if one doesn't have the knowledge, the person will do what he wants at the wrong time, just like knowing that Bitcoin is for everyone but they don't want to take advantage of it. Without knowledge, one won't know that Bitcoin is for everyone or even if the person does know that Bitcoin is for everyone, the fear of risking their funds, the person will not take advantage of it.

Satoshi created bitcoin with decentralized nature and even he couldn't control it, which means he wanted to create it for everyone, who loves freedom and respects their privacy. Just like wealth, no one can stop us from becoming rich except ourselves. If we are lazy, do not make efforts, and refuse to accept challenges and risks, how can we become rich? Clearly, we are making ourselves become barriers for ourselves. Those who always say that this is not for them, that is not suitable for them, are just excuses for their laziness.

If we don't know, let's learn. If you can't learn it yourself, ask someone else to teach you. If others don't teach you, find someone else. As I said, if we really want it, we will always find a way to achieve it, it's all just an excuse for our laziness.

Yes, it is true that Bitcoin is decentralized and for Bitcoin to be decentralized, that's what makes Bitcoin private for everyone, so that no motherfucker can control it, not even the fucking government. Bitcoin is for everyone, and it is just for people to take advantage of Bitcoin and gain something from it.

The key to wealth is in our hands and if we don't work to get rich sooner or later, that means we are scared of taking risk, so risk is what makes us wealthy. Even in business and white collar jobs, they all have risk, both students who are going to school are going there to acquire more knowledge that they can use to make progress when they are done with schooling.

Someone can not become rich if he is lazy to work and being lazy is also the same as being scared to risk.
However, learning is a dual process. Those who don't have Bitcoin knowledge should learn from those who have the knowledge already, but they should not use the whole day to learn Bitcoin, as they are learning Bitcoin they should also invest while they learn.

Fuck traders.  That is a specialty field.  Not very many traders actually make money, and it is not very smart to just jump into trading if you think that you want to make money, unless you learn that kind of a specialty, and you surely do not need to learn how to trade in order to figure out how to accumulate bitcoin and to invest into bitcoin... unless you are just trying to lose money, entertain yourself and/or gamble, which might be all fun and games until you might spend several years of your life fucking around with that kind of fun and thinking that you are going to get rich when in fact you end up making no progress or getting anywhere and when you should have had been taking a more prudent and practical approach, especially when it comes to bitcoin .. which is likely one of the best (if not the best) investment assets that have ever come available.. and hopefully you are not so dumb as to waste a good opportunity by getting overly greedy and failing/refusing to take a more practical approach with such a great asymmetric bet to the upside (namely bitcoin).

Some traders can make money, but this must be assessed from the point of view that they previously had to spend a lot of time to gain knowledge, and perhaps all this time they were losing money. Statistics say that only a few percent of traders become successful, and for the rest it is simply a waste of money, time and perhaps nothing more than gambling.

We need to think carefully before engaging in trading, because we can simply hold Bitcoin and make a profit. This is not the only investment that can make a profit, but if compared with traditional directions, their payback can be from 5 years, at least that’s how it works for me. During the same time, Bitcoin is capable of bringing in several times more profit, so its advantage is obvious.

Bitcoin trading is just like another way of gambling and I don't believe that a beginner trader can profit from Bitcoin trading. It takes more knowledge to start Bitcoin trading and a new beginner trader will have a lot of knowledge of selling and when to buy, but Bitcoin investment is not like that of Bitcoin trading, so I do recommend Bitcoin investment for any beginner.

[Dimitri94]

Personally I can say that knowledge in cryptocurrencies isn't very beneficial because ask yourself, why is bitcoin popular? And then compare possiblities of bitcoin to Monero. Everyone will tell you that bitcoin is decentralized, anonymous, etc... But then there is a monero. Logically, Monero should be the number one cryptocurrency and not bitcoin because monero is decentralized where every user is anonymous by default. Then there is an ethereum that offers a lot of features unlikely to Bitcoin but still bitcoin is number one currency.

I agree that the coins you mentioned are good but are they compatible with Bitcoin? Where Bitcoin's supply is limited, there is no limited supply in any of the ones you mentioned, which is an important factor for me when it comes to accepting Bitcoin. Bitcoin far surpasses those coins in terms of acceptance and popularity. In case of mentioned coins can increase their supply if desired. As a result, there is uncertainty about how reliable those coins can become in the long run. While investing in Bitcoin over a long period of time, there is a possibility, it is not guaranteed but we can surpass its previous highs. Here I don't think money is important but dependability is important for me. We can expect 10x in the long-term but can i keep confidence in the altcoins in long-term?

[Oasisman]

Personally I can say that knowledge in cryptocurrencies isn't very beneficial because ask yourself, why is bitcoin popular? And then compare possiblities of bitcoin to Monero. Everyone will tell you that bitcoin is decentralized, anonymous, etc... But then there is a monero. Logically, Monero should be the number one cryptocurrency and not bitcoin because monero is decentralized where every user is anonymous by default. Then there is an ethereum that offers a lot of features unlikely to Bitcoin but still bitcoin is number one currency. I can't actually understand it. I don't say that bitcoin is bad, no, it's great but I used to think that Monero and Ethereum had potential to surpass bitcoin. That's why I think that bitcoin hodling is more important than bitcoin knowledge.

I don't understand why you said knowledge in cryptocurrency isn't beneficial to someone, when it is in fact your main object to avoid getting scammed or put your money in a wrong altcoin.
Well, I have to agree that some of the top altcoin in the market has a better feature than bitcoin, simply because that's the purpose of these altcoin, to fix bitcoin's imperfections. But we all know why bitcoin stays way at the top the rest. Some altcoin may surpass bitcoin in the future, but not in this current timeline.

[adultcrypto]

Only those who have experience and good knowledge about Bitcoin can get rich in Bitcoin investment.  The best advice for those who want to invest in Bitcoin is to get a good knowledge of Bitcoin before investing.  If you invest without knowledge you will face potential risks. You will regret when you lose bitcoins.  I think holding Bitcoin would definitely be a great one.  There should be no distinction between knowledge and holding because without knowledge you cannot do holding.  Of course you need knowledge for holding.

Are you sure about this? There are some technical guys that once had good stash of Bitcoin yet sold everything and cannot boast of 1BTC today. Whereas there are people holding large chunk of Bitcoin yet do not understand one single line of code behin Bitcoin. Having money and knowing how to grow and preserve it are two different things.

The world knowledge is truly relative in this case. While some people aspire to know everything about Bitcoin, there are those who are too busy with other things that they require just little knowledge of Bitcoin and they are in.  Technical knowledge is not really for everyone even though it is good.

[Furious 7]

lastly you can always earn Bitcoins once you have a solid knowledge of it .you can even earn Bitcoins indirectly by teaching others or even running a local exchange and lots more. so newbies out there do not rush into buying Bitcoin without first understanding  Bitcoin which can even be done by engaging in important discussions on the forum expecially those of experts and experienced investors. remember knowledge is power.

How could we earn bitcoin by teaching others? Whether that will be without investment? Bitcoin is not knowledge itself. Bitcoin is a coin just like other coins, the more its hype is due to the way it is behaving. If we don't know about bitcoin, we can't trade in the manner that should be needed for it, also we have to know about more traders' experience. Trader's experience comes from other top traders, we should know about them in different discussions, and engage in those.

Your words are quite ambiguous in my opinion where when the initial discussion was about investment it would not make sense to relate it to trading because you have to be able to distinguish that investment is not trading and investment is better than trading so you can't say everything in one discussion because there will be no common ground at any time.
It will not make sense if the goal is investment but you look at traders as a reference. you must know your goal from the beginning and when the intention is investment then indeed some discussions about investment strategies are very much here rather than you reflect and make traders as a reference because even if you work hard for the investment you do but when only traders you look at then you will fail or maybe even if you succeed in the end it will not be optimal.

[tjtonmoy]

Bitcoin was a very difficult thing for a time but nowadays it is very easy to learn about Bitcoin because Google has many articles in the local language of each country, there are YouTube videos. Now investing in Bitcoin requires a good financial status. Because Bitcoin is a currency where the probability of loss is very low if one can hold it for a long time. So since the profit is sure, investing in Bitcoin does not require much knowledge. However, since Bitcoin is completely internet based, it is necessary to know the process of storing it securely and about a secure wallet.

there are hundreds if not thousands of articles available on the internet, but how many people are spending their time to read through those articles? We have everything in the palm of our hand, but some people are so ignorant that they never try to learn. It's not about availability, but the willingness to learn. If you don't have a curious mind, you can never learn anything new. People nowadays are always after quick money or easily influenced by other people. That's why they always believe what they hear or see, but they never take the time to learn it on their own. I think we should blame the social media for this.

Believe it or not, people are always after the negative things. No matter how much good you present a positive thing, people will always choose the negative things about it and dump the idea of positivity. If you don't take your time to learn it on your own, then you will never learn anything.

One more thing, I want to disagree with you here is that you don't need a good financial status in order to invest in Bitcoin. It is a long-term process, so you can put as little as 10 to $15 and you can start your journey. And as it is a long-term investment plan you can keep on putting small value and in the long run you can make it big.

[Raflesia]

Fuck traders.  That is a specialty field.  Not very many traders actually make money, and it is not very smart to just jump into trading if you think that you want to make money, unless you learn that kind of a specialty, and you surely do not need to learn how to trade in order to figure out how to accumulate bitcoin and to invest into bitcoin... unless you are just trying to lose money, entertain yourself and/or gamble, which might be all fun and games until you might spend several years of your life fucking around with that kind of fun and thinking that you are going to get rich when in fact you end up making no progress or getting anywhere and when you should have had been taking a more prudent and practical approach, especially when it comes to bitcoin .. which is likely one of the best (if not the best) investment assets that have ever come available.. and hopefully you are not so dumb as to waste a good opportunity by getting overly greedy and failing/refusing to take a more practical approach with such a great asymmetric bet to the upside (namely bitcoin).

Some traders can make money, but this must be assessed from the point of view that they previously had to spend a lot of time to gain knowledge, and perhaps all this time they were losing money. Statistics say that only a few percent of traders become successful, and for the rest it is simply a waste of money, time and perhaps nothing more than gambling.

We need to think carefully before engaging in trading, because we can simply hold Bitcoin and make a profit. This is not the only investment that can make a profit, but if compared with traditional directions, their payback can be from 5 years, at least that’s how it works for me. During the same time, Bitcoin is capable of bringing in several times more profit, so its advantage is obvious.

I think it's worth pointing out that when you say you need to spend a lot of time and knowledge then it's possible to do it even though the risk is still very large when compared to investing and indeed we must also realize that point is important so if you are not prepared to lose very much in trading then don't try it and it's better to move your intention to investing rather than trading.
In the end it will be much more worth it than forcing trading which will actually damage you mentally especially when you don't know how and result in you feeling cheated. Keep in mind only 1 in hundreds or thousands of traders can succeed from trading the rest will only be a loss and this will be very different if you do it in investment because in the end by investing in bitcoin you will still get your bitcoin (like you bought) even though the value in terms of fiat may shrink but when you survive and become hodlers and continue to be consistent in your investment I think it will be very much more profitable at the end.

[Moreno233]

Bitcoin was a very difficult thing for a time but nowadays it is very easy to learn about Bitcoin because Google has many articles in the local language of each country, there are YouTube videos. Now investing in Bitcoin requires a good financial status. Because Bitcoin is a currency where the probability of loss is very low if one can hold it for a long time. So since the profit is sure, investing in Bitcoin does not require much knowledge. However, since Bitcoin is completely internet based, it is necessary to know the process of storing it securely and about a secure wallet.

This is sort of balanced argument and I agree with you mate. the amount of information available for free is enough to give anyone the knowledge they need. I have also come to understand that holding Bitcoin for long is the was to maximize profits and make the most of Bitcoin.

Investing in Bitcoin sure require some level of financial stability especially for those of us from low income earning countries where access to credit facilities is exclusively reserved for the rich and the politician and not easy to come by. So the only option left is to invest with our megger resources and hope it grown with time.

Consequently, I have been applying the DCA method that I learnt from this forum to be buying Bitcoin regularly even though they are small purchases. Looking at my portfolio now actually make me appreciate the beauty being systematic and committed to a course. Anyone of us can actually achieve a good portfolio if we apply the right knowledge and procedure, this is why I feel knowledge is very important.

One more thing, I want to disagree with you here is that you don't need a good financial status in order to invest in Bitcoin. It is a long-term process, so you can put as little as 10 to $15 and you can start your journey. And as it is a long-term investment plan you can keep on putting small value and in the long run you can make it big.

The amount you quoted, $10 to $15 dollar is actually a big amount of money for some people. According to this article, the minimum wage in Bangladesh is 14.62 per month. This mean $15 is a big amount of money for some people. So one need a good financial balance to be able to DCA even with the amount you quoted.

[DaNNy001]

Only those who have experience and good knowledge about Bitcoin can get rich in Bitcoin investment.  The best advice for those who want to invest in Bitcoin is to get a good knowledge of Bitcoin before investing.  If you invest without knowledge you will face potential risks. You will regret when you lose bitcoins.  I think holding Bitcoin would definitely be a great one.  There should be no distinction between knowledge and holding because without knowledge you cannot do holding.  Of course you need knowledge for holding.

Are you sure about this? There are some technical guys that once had good stash of Bitcoin yet sold everything and cannot boast of 1BTC today. Whereas there are people holding large chunk of Bitcoin yet do not understand one single line of code behin Bitcoin. Having money and knowing how to grow and preserve it are two different things.

The world knowledge is truly relative in this case. While some people aspire to know everything about Bitcoin, there are those who are too busy with other things that they require just little knowledge of Bitcoin and they are in.  Technical knowledge is not really for everyone even though it is good.

That's true, mate. Technical knowledge about Bitcoin is something I am aspiring to learning because I know it will indeed improve my knowledge and knowing about Bitcoin more, plus the fact that says no knowledge is practically a waste and I know this everytime I stay and learn here in the forum. To successfully manage your riches is what makes a man stand out from the general public out there and, like you said, about people that  were having lots of BTC who have sold off, well it's not a new thing and I think even if they, have lots of, technically knowledge, it's a matter of choice because I think I know some people who don't actually have Bitcoin for the purpose of holding it and I they are tech guru when it comes to the technical aspects but they just prefer using their Bitcoin as a normal everyday currency while its opposite for some people especially for those who see Bitcoin as means of having little earning after holding for some times and these kinds just know one thing which is to hold and buy and they actually achieved this just fine by knowing the simple basics that is involved in Bitcoin and also in same category are the ones who actually have the plans but end up not fulfilling it because of poor strategy and management of funds even if they are tech wizard of Bitcoin.

[JayJuanGee]

One more thing, I want to disagree with you here is that you don't need a good financial status in order to invest in Bitcoin. It is a long-term process, so you can put as little as 10 to $15 and you can start your journey. And as it is a long-term investment plan you can keep on putting small value and in the long run you can make it big.

The amount you quoted, $10 to $15 dollar is actually a big amount of money for some people. According to this article, the minimum wage in Bangladesh is 14.62 per month. This mean $15 is a big amount of money for some people. So one need a good financial balance to be able to DCA even with the amount you quoted.

Hopefully anyone who is a member of this forum and is ONLY making minimum wage in a place like Bangladesh and/or any other country with similar kinds of low level wages, these people should be working towards increasing their wages rather than merely making minimum wage... and so maybe they should still be figuring out ways to make more and to be able to put that extra money into bitcoin.. . and surely make sure that their monthly expenses are covered so that they do not ever have to sell any of their bitcoin, except at a time that is of their own choosing, and surely many of us even realize that it could take many many years to reach a stack of bitcoin that feels sizable if you are ONLY able to invest $10 per week, which would be $520 per year, which would be $5,200 over 10 years, and so maybe 10-20 years of investing into bitcoin, even with a low amount will start to feel like it is providing a lot of options that had not been available without any kind of investment into bitcoin.

Another potential problem area with poor people is to make sure that they are able to hold their bitcoin privately, so it they are not initially holding their BTC privately, maybe every once in a while, even once a year, their bitcoin value can be transferred to private locations.. and surely they have to figure out their best ways of storing their private keys.. even if they might not initially start out holding their own keys until maybe after they have built up their BTC stash to a high enough level that it would be worth it to transfer to a private wallet (accounting for sometimes transferring fees can sometimes be a bit higher than would be justified to transfer smaller amounts of bitcoin - depending on where it is held and what are the fee options for that particular location).

[rachael9385]

Only those who have experience and good knowledge about Bitcoin can get rich in Bitcoin investment.  The best advice for those who want to invest in Bitcoin is to get a good knowledge of Bitcoin before investing.  If you invest without knowledge you will face potential risks. You will regret when you lose bitcoins.  I think holding Bitcoin would definitely be a great one.  There should be no distinction between knowledge and holding because without knowledge you cannot do holding.  Of course you need knowledge for holding.

Are you sure about this? There are some technical guys that once had good stash of Bitcoin yet sold everything and cannot boast of 1BTC today. Whereas there are people holding large chunk of Bitcoin yet do not understand one single line of code behin Bitcoin. Having money and knowing how to grow and preserve it are two different things.

The world knowledge is truly relative in this case. While some people aspire to know everything about Bitcoin, there are those who are too busy with other things that they require just little knowledge of Bitcoin and they are in.  Technical knowledge is not really for everyone even though it is good.

That's true, mate. Technical knowledge about Bitcoin is something I am aspiring to learning because I know it will indeed improve my knowledge and knowing about Bitcoin more, plus the fact that says no knowledge is practically a waste and I know this everytime I stay and learn here in the forum. To successfully manage your riches is what makes a man stand out from the general public out there and, like you said, about people that  were having lots of BTC who have sold off, well it's not a new thing and I think even if they, have lots of, technically knowledge, it's a matter of choice because I think I know some people who don't actually have Bitcoin for the purpose of holding it and I they are tech guru when it comes to the technical aspects but they just prefer using their Bitcoin as a normal everyday currency while its opposite for some people especially for those who see Bitcoin as means of having little earning after holding for some times and these kinds just know one thing which is to hold and buy and they actually achieved this just fine by knowing the simple basics that is involved in Bitcoin and also in same category are the ones who actually have the plans but end up not fulfilling it because of poor strategy and management of funds even if they are tech wizard of Bitcoin.

I agree with you @DaNNy001 that bitcoin knowledge is never a waste, but at the same time, when we get Bitcoin knowledge we should also try and put it to practice, so we can be fully involved in the crypto world (BTC).

Personally, we can understand well and have more knowledge about bitcoin during have invest assets there, we can run as well as with investing in bitcoin and another way learn step by step about bitcoin investment. There are not required have to understand or get knowledge first before investing in bitcoin, actually make us easy for understanding all about bitcoin when have investing assets. Looking on price up and down with bitcoin what have necessary with important thing about knowledge, its looks simple as possibility sell when bitcoin on higher price and reinvesting later when bitcoin have in lower price.
Don't need to learn chart or any bitcoin movement progress day by day but not get action yet for investing in bitcoin.

You are apparently correct, like I once said to someone on this forum some days ago, that as a beginner investor, learning about Bitcoin should not take the whole day to learn (when I mean the whole day, like maybe a week or some days), as we have gotten some knowledge about Bitcoin we should try to make an attempt to invest, so we can gather more knowledge and experience all at the same time.

A beginner investor and a beginner who is still waiting to have all the knowledge about Bitcoin before investing in Bitcoin are not the same, so investing while learning is better than waiting to acquire all the knowledge before investing.

[Marvell1]

Hopefully anyone who is a member of this forum and is ONLY making minimum wage in a place like Bangladesh and/or any other country with similar kinds of low level wages, these people should be working towards increasing their wages rather than merely making minimum wage... and so maybe they should still be figuring out ways to make more and to be able to put that extra money into bitcoin.. . and surely make sure that their monthly expenses are covered so that they do not ever have to sell any of their bitcoin, except at a time that is of their own choosing, and surely many of us even realize that it could take many many years to reach a stack of bitcoin that feels sizable if you are ONLY able to invest $10 per week, which would be $520 per year, which would be $5,200 over 10 years, and so maybe 10-20 years of investing into bitcoin, even with a low amount will start to feel like it is providing a lot of options that had not been available without any kind of investment into bitcoin.

If we compare the average salary between countries, it is clear that an income of 15 USD/month is quite low. But if that amount of money is significant in some countries, it is not trivial for people there to invest in bitcoin for as little as $3 or $5 per month. Furthermore, if they can maintain the accumulation of bitcoin for several years and when the price of bitcoin skyrockets, it will also be a great asset in that country. I mean, maybe 520$ or 5k2$ compared to your country would be nothing but in Bangladesh or some low income countries it would be a fortune. With that amount of money they may be nothing in other countries, but in their homeland, they have certainly achieved certain successes.

Their assets and income also skyrocketed compared to the average income in their home country when they invested in bitcoin, meaning they were successful and changed their lives for the better.

Therefore, people with low incomes should compare with the average income in their country to accumulate bitcoins reasonably, do not compare with other countries, that will only make us more depressed.

[Popkon6]

Only those who have experience and good knowledge about Bitcoin can get rich in Bitcoin investment.  The best advice for those who want to invest in Bitcoin is to get a good knowledge of Bitcoin before investing.  If you invest without knowledge you will face potential risks. You will regret when you lose bitcoins.  I think holding Bitcoin would definitely be a great one.  There should be no distinction between knowledge and holding because without knowledge you cannot do holding.  Of course you need knowledge for holding.

Currently I am very interested in learning about Bitcoin because education teaches people to advance. Because I know I need to increase my knowledge and gain more knowledge about Bitcoin so I can manage money properly. And the more knowledgeable you can make yourself, the more consistent you'll be in managing money. I have learned a lot of knowledge about Bitcoin from the forums and great help in managing money. You can definitely invest in Bitcoins for long term with small amount of money monthly or weekly regularly. According to the needs of a person, he can invest in any kind of assets. Especially if you have the risk-taking ability and willingness to invest, the portfolio must be heavy.

[bitLeap]

Only those who have experience and good knowledge about Bitcoin can get rich in Bitcoin investment.  The best advice for those who want to invest in Bitcoin is to get a good knowledge of Bitcoin before investing.  If you invest without knowledge you will face potential risks. You will regret when you lose bitcoins.  I think holding Bitcoin would definitely be a great one.  There should be no distinction between knowledge and holding because without knowledge you cannot do holding.  Of course you need knowledge for holding.

Currently I am very interested in learning about Bitcoin because education teaches people to advance. Because I know I need to increase my knowledge and gain more knowledge about Bitcoin so I can manage money properly. And the more knowledgeable you can make yourself, the more consistent you'll be in managing money. I have learned a lot of knowledge about Bitcoin from the forums and great help in managing money. You can definitely invest in Bitcoins for long term with small amount of money monthly or weekly regularly. According to the needs of a person, he can invest in any kind of assets. Especially if you have the risk-taking ability and willingness to invest, the portfolio must be heavy.

We can learn anywhere, and this forum is one of them. This forum has provided very valuable lessons in learning bitcoin, and honestly not only bitcoin, but also almost all aspects of life we discuss here.
We must not be bored to learn, because if we feel so then believe me we will be left behind from others who always learn and explore knowledge. Learning is one of the keys to success and we must also accompany it with effort and hard work. For me, the two things I said are something that must be balanced, because both are factors to drive success.

[tjtonmoy]

Hopefully anyone who is a member of this forum and is ONLY making minimum wage in a place like Bangladesh and/or any other country with similar kinds of low level wages, these people should be working towards increasing their wages rather than merely making minimum wage...

easier said than done. Bangladesh is the 8th most populated country in the whole world. in a place like this the competition is so high and the opportunity is so low that you should be happy that you are making a minimum wage. but not all people are only making the minimum wage, there are people whose daily expenses is more than minimum wage earned by people.
there are some side hustles that you can do in order to increase your wages but finding a proper job and keep doing the side hustles is quite a bit hard in here. and from what I know in my country the minimum wage-earning people are most likely illiterate or doing works that doesn't include any technological knowledge. so I don't think they will come forward and invest in Bitcoin. and those who are investing in Bitcoin are those who really know about it. so tackling the minimum wage is not a big deal here.

[khiholangkang]

One more thing, I want to disagree with you here is that you don't need a good financial status in order to invest in Bitcoin. It is a long-term process, so you can put as little as 10 to $15 and you can start your journey. And as it is a long-term investment plan you can keep on putting small value and in the long run you can make it big.

The amount you quoted, $10 to $15 dollar is actually a big amount of money for some people. According to this article, the minimum wage in Bangladesh is 14.62 per month. This mean $15 is a big amount of money for some people. So one need a good financial balance to be able to DCA even with the amount you quoted.

Hopefully anyone who is a member of this forum and is ONLY making minimum wage in a place like Bangladesh and/or any other country with similar kinds of low level wages, these people should be working towards increasing their wages rather than merely making minimum wage... and so maybe they should still be figuring out ways to make more and to be able to put that extra money into bitcoin.. . and surely make sure that their monthly expenses are covered so that they do not ever have to sell any of their bitcoin, except at a time that is of their own choosing, and surely many of us even realize that it could take many many years to reach a stack of bitcoin that feels sizable if you are ONLY able to invest $10 per week, which would be $520 per year, which would be $5,200 over 10 years, and so maybe 10-20 years of investing into bitcoin, even with a low amount will start to feel like it is providing a lot of options that had not been available without any kind of investment into bitcoin.

What you described is risk management, money management and probability in investing and a little depiction of the DCA strategy that we usually mention here, of course I agree that if we can only buy bitcoin at only $10 per week it will make our position better in the next 10 years, provided that we do it regularly and seriously in investing long-term in bitcoin (holding) and that is the real key to getting wealth in bitcoin, just as if we did it ten years ago and we regularly invested in bitcoin $10/$5 we will get decent wealth today.

Another potential problem area with poor people is to make sure that they are able to hold their bitcoin privately, so it they are not initially holding their BTC privately, maybe every once in a while, even once a year, their bitcoin value can be transferred to private locations.. and surely they have to figure out their best ways of storing their private keys.. even if they might not initially start out holding their own keys until maybe after they have built up their BTC stash to a high enough level that it would be worth it to transfer to a private wallet (accounting for sometimes transferring fees can sometimes be a bit higher than would be justified to transfer smaller amounts of bitcoin - depending on where it is held and what are the fee options for that particular location).

Yes, this is an alternative way not to eat fees from the market to a personal wallet so we can wait a semester or a year until a decent amount of bitcoin is stored in a personal wallet, I think this method is not only for those poor people but for people who are quite capable, this method is the best way to save from transfer fees.

[rachael9385]

Only those who have experience and good knowledge about Bitcoin can get rich in Bitcoin investment. 

You are right, but there is still something that you are missing. Bitcoin is not only for those who have gained all the knowledge about Bitcoin, but it is also for people who don't even have better knowledge, that might be up to 50% of Bitcoin knowledge. So I do say, no matter the amount of knowledge a person will have, if the investor is not disciplined in holding his BTC for a long period of time, that investor will have nothing good to offer. Long-term investors profits more than short-term investors.

The best advice for those who want to invest in Bitcoin is to get a good knowledge of Bitcoin before investing. 

However, is it good to have Bitcoin knowledge before investing in Bitcoin, but while trying to acquire that Bitcoin knowledge, we still have to invest at that particular time and not to wait for having a total of 100% knowledge of Bitcoin before investing in it, the earlier we start to invest in Bitcoin the earlier the profits come, so practising and learning Bitcoin should be at the same time.

You will regret when you lose bitcoins.  I think holding Bitcoin would definitely be a great one. 

No need to regret when we lose Bitcoin, because even other regrets can't bring back the lost money, but never to give up on Bitcoin and still buying more is the right step to take, so regrets can not bring back any losses.

There should be no distinction between knowledge and holding because without knowledge you cannot do holding.  Of course you need knowledge for holding.

You need knowledge to buy Bitcoin and you also need more knowledge to hold and accumulate more Bitcoin. Knowledge can help us to minimise daily or monthly expenses so that, while accumulating more Bitcoin, we will not get stock while accumulating.
However, before accumulating more BTC, patience and knowledge should not be lacking in it. If there is knowledge to accumulate, there should also be patient so that we can extend more time for accumulating Bitcoin.

[Odohu]

Hopefully anyone who is a member of this forum and is ONLY making minimum wage in a place like Bangladesh and/or any other country with similar kinds of low level wages, these people should be working towards increasing their wages rather than merely making minimum wage...

easier said than done. Bangladesh is the 8th most populated country in the whole world. in a place like this the competition is so high and the opportunity is so low that you should be happy that you are making a minimum wage. but not all people are only making the minimum wage, there are people whose daily expenses is more than minimum wage earned by people.
there are some side hustles that you can do in order to increase your wages but finding a proper job and keep doing the side hustles is quite a bit hard in here.

If there are sides hustle that can add more income, then @JayJuanGee is right. Some people are already working hard beyond the minimum wage, so anyone who crave for a better future should endeavour to explore other areas that can earn them money.

Fortunately, I know a lot of hardworking people from Bangladesh that are doing multiple freelancing jobs to make ends meet. This is not perculiar to Bangladesh,  many people from low income countries strive to earn more money to be able to meet their needs.

To invest in Bitcoin and manage the investment effective requires that one have a cashflow that will meet basic needs first then investment funds. If basic needs are not met, there are chances of selling unplanned even in the case of emergency.

[Ryu_Ar1]

Hopefully anyone who is a member of this forum and is ONLY making minimum wage in a place like Bangladesh and/or any other country with similar kinds of low level wages, these people should be working towards increasing their wages rather than merely making minimum wage...

easier said than done. Bangladesh is the 8th most populated country in the whole world. in a place like this the competition is so high and the opportunity is so low that you should be happy that you are making a minimum wage. but not all people are only making the minimum wage, there are people whose daily expenses is more than minimum wage earned by people.
there are some side hustles that you can do in order to increase your wages but finding a proper job and keep doing the side hustles is quite a bit hard in here. and from what I know in my country the minimum wage-earning people are most likely illiterate or doing works that doesn't include any technological knowledge. so I don't think they will come forward and invest in Bitcoin. and those who are investing in Bitcoin are those who really know about it. so tackling the minimum wage is not a big deal here.

Apart from the country's economic conditions which are indeed difficult to improve and fierce competition in the end we also cannot do anything about it but when talking about investing especially in bitcoin actually this is also no compulsion because if in the end they (people in Bangladesh) can survive with their circumstances that do have minimal wages but can still invest in bitcoin I think that is something that should be appreciated because in this forum I know several Bangladeshis who are still active and investing in bitcoin.
That is one of the behaviours that I think is extraordinary regardless of their economy but they can still set aside money to invest.

But indeed in the end this also refers to economic conditions, when our economy does not allow it, then don't be too forced because however forcing secondary investments is not permitted even though it is in bitcoin because I think before investing, first think about our economic conditions so as not to torture yourself.
If in the end it is felt that it is enough for you to survive in difficult economic conditions then make an investment to support a good old age.

[Furious 7]

Bitcoin was a very difficult thing for a time but nowadays it is very easy to learn about Bitcoin because Google has many articles in the local language of each country, there are YouTube videos. Now investing in Bitcoin requires a good financial status. Because Bitcoin is a currency where the probability of loss is very low if one can hold it for a long time. So since the profit is sure, investing in Bitcoin does not require much knowledge. However, since Bitcoin is completely internet based, it is necessary to know the process of storing it securely and about a secure wallet.

there are hundreds if not thousands of articles available on the internet, but how many people are spending their time to read through those articles? We have everything in the palm of our hand, but some people are so ignorant that they never try to learn. It's not about availability, but the willingness to learn. If you don't have a curious mind, you can never learn anything new. People nowadays are always after quick money or easily influenced by other people. That's why they always believe what they hear or see, but they never take the time to learn it on their own. I think we should blame the social media for this.

Hell bro, it seems a lot of people are going to get slapped with facts lol.
I like what you said and indeed it is a truth where the resources we should already hold when we have an internet connection and gadget it is enough to look for some information especially about bitcoin this is something that is easy for us to search for although in the end we have to choose which articles are good and which are bad but in the end all will be the same where when having the desire to learn about something then it will be very easy to do.
The problem is that until now there are a lot of people who consider it an excuse even though if we examine further it is not knowledge that is difficult to find but their laziness is too great so that knowledge is difficult to get.

[Frankolala]

Hopefully anyone who is a member of this forum and is ONLY making minimum wage in a place like Bangladesh and/or any other country with similar kinds of low level wages, these people should be working towards increasing their wages rather than merely making minimum wage...

easier said than done. Bangladesh is the 8th most populated country in the whole world. in a place like this the competition is so high and the opportunity is so low that you should be happy that you are making a minimum wage. but not all people are only making the minimum wage, there are people whose daily expenses is more than minimum wage earned by people.
there are some side hustles that you can do in order to increase your wages but finding a proper job and keep doing the side hustles is quite a bit hard in here. and from what I know in my country the minimum wage-earning people are most likely illiterate or doing works that doesn't include any technological knowledge. so I don't think they will come forward and invest in Bitcoin. and those who are investing in Bitcoin are those who really know about it. so tackling the minimum wage is not a big deal here.

There are a lot of online part time jobs that one can do to make extra income for himself, in order for him to be able to invest in bitcoin, if the person understands the benefits that he will benefit from bitcoin in the nearest future. Anyone from Bangladesh here in the forum, has the best opportunity to invest in bitcoin and increase their bitcoin portfolio, because this is not Bangladesh that they is poverty and low-income jobs. The forum has companies that needs participants to advertise their company for them, so that person can join signature campaign, and only use his minimum wage to take care of his responsibilities and keep on accumulating his bitcoin gotten from signature campaign.

On the other hand, if the responsibilities is still higher than his minimum wage, he can take 20% from his weekly pay and leave 80% in bitcoin and gradually, his bitcoin portfolio will keep on increasing. It is only someone that don't understand the benefit or believe in bitcoin that wouldn't look for a means to invest in bitcoin for a life changer in the nearest future.

You will regret when you lose bitcoins.  I think holding Bitcoin would definitely be a great one. 

No need to regret when we lose Bitcoin, because even other regrets can't bring back the lost money, but never to give up on Bitcoin and still buying more is the right step to take, so regrets can not bring back any losses.

If you intend to hold bitcoin, there is no way that you will lose your bitcoin, because no matter the level of price dip of bitcoin 1BTC = 1BTC. This is why hodlers are the real bitcoin investors. This shows that knowledge and hodling should be done at the same time because they go hand in hand

[Moreno233]

The amount you quoted, $10 to $15 dollar is actually a big amount of money for some people. According to this article, the minimum wage in Bangladesh is 14.62 per month. This mean $15 is a big amount of money for some people. So one need a good financial balance to be able to DCA even with the amount you quoted.

Hopefully anyone who is a member of this forum and is ONLY making minimum wage in a place like Bangladesh and/or any other country with similar kinds of low level wages, these people should be working towards increasing their wages rather than merely making minimum wage... and so maybe they should still be figuring out ways to make more and to be able to put that extra money into bitcoin.. . and surely make sure that their monthly expenses are covered so that they do not ever have to sell any of their bitcoin, except at a time that is of their own choosing, and surely many of us even realize that it could take many many years to reach a stack of bitcoin that feels sizable if you are ONLY able to invest $10 per week, which would be $520 per year, which would be $5,200 over 10 years, and so maybe 10-20 years of investing into bitcoin, even with a low amount will start to feel like it is providing a lot of options that had not been available without any kind of investment into bitcoin.

You are 100% right on this. The minimum wage is actually very small but it represent the smallest amount of money the least persons (those without education or technical qualification or skill) earns. Some skilled workers earns as much as $50 per month and higher. The purchasing power of the minimum wage in that country is high despite it being a small amount compared to other countries. However, it is not enough to make decent accumulation of Bitcoin since the later is not in the local currency. For those at the higher echelon, they can actually meet their needs and still have enough money to invest in Bitcoin and these are the people that can apply the DCA method effectively.

Therefore, if one find himself in a country like Bangladesh and even mine,  it is important to seek for other means of getting additional funding to be able to invest in Bitcoin.

[Mate2237]

Personally I can say that knowledge in cryptocurrencies isn't very beneficial because ask yourself, why is bitcoin popular? And then compare possiblities of bitcoin to Monero. Everyone will tell you that bitcoin is decentralized, anonymous, etc... But then there is a monero. Logically, Monero should be the number one cryptocurrency and not bitcoin because monero is decentralized where every user is anonymous by default. Then there is an ethereum that offers a lot of features unlikely to Bitcoin but still bitcoin is number one currency. I can't actually understand it. I don't say that bitcoin is bad, no, it's great but I used to think that Monero and Ethereum had potential to surpass bitcoin. That's why I think that bitcoin hodling is more important than bitcoin knowledge.

You make some good points that there might be some other features that are touted to be better than bitcoin, but sometimes the extent to which those features might be touted as better is not so obvious, and many times in technology, if you want to displace an incumbent (which would be bitcoin in this case), then you need to be clearly and unambiguously 10x better than the incumbent, and I doubt you would argue that Monero, Ethereum or any other shitcoin is actually 10x better than bitcoin... so it has to be that level of clarity (in the ballpark of 10x) in terms of how much it is better... otherwise the incumbent is going to continue to build and gravitate value and to grown market share greater than all of the rest, in terms of the seven network effects outlined by Trace Mayer.

@shield132 Ethereum, Monero or any other shitcoins are all alternative to bitcoin and bitcoin is the king of all the cryptocurrencies in the blockchain. No coin is better than bitcoin. This is the first time I am even hearing Monero and when I checked the shitcoin, the platform looks good but can't compare to bitcoin. Look at one of the major different I figured out. In Monero community to join it is complicated. There you join chatrooms and that is not professional but bitcoin community for you to join it you have to register which is the normal procedure for all online platforms. If you don't have the knowledge how will you hodle bitcoin because if you don't have the knowledge and hodling, you will not be comfortable with it because you be afraid that you funds will lost so you need knowledge. If you don't have the knowledge of bitcoin and only interested in hodling, then you will be asking people to know the market price always. Those features you are saying might not do any different things in the blockchain. The decentralized feature you mentioned is also found in bitcoin and bitcoin is widely known, Monero in no way should be compare to bitcoin.

[rachael9385]

we can't trade in the manner that should be needed for it,

Sure, you can trade and fuck around with shitcoins, but it is not a good idea to be trading and fucking around with bitcoin, unless you want to get reckt.

With bitcoin you should just be figuring out ways to ongoingly accumulate it and also to make sure that you figure out ways to secure your stash.. as you might be attempting to reach target levels of accumulation.. which could take 4-10 years or more to reach depending upon from where you might be starting and if you are able to lump sum into bitcoin versus more common ways of dollar cost averaging and buying on dips.

Bitcoin is not like other crypto currencies that don't have value, so if anyone is fucking around with Bitcoin, it means that person doesn't know where to start from and, again, not worth being called an investor.

If one has Bitcoin, the most important thing for the person to be thinking is how to use the DCA method to accumulate more Bitcoin and also try to get more pay from his jobs so that he can increase the minimum wage that he is receiving at the end of the month so that he can add more money for accumulating more Bitcoin.

A person who's messing around with Bitcoin doesn't have a strategy to accumulate more Bitcoin. Maybe the person invested $10 or lower and hopes that in a month's time he will get $20k to $30k without him accumulating more.

If you intend to hold bitcoin, there is no way that you will lose your bitcoin, because no matter the level of price dip of bitcoin 1BTC = 1BTC. This is why hodlers are the real bitcoin investors. This shows that knowledge and hodling should be done at the same time because they go hand in hand

As I am holding my coins and using the DCA method to accumulate more Bitcoin, my intentions are to hold for long, so I don't think about losing my coins. Yes, 1btc is still 1btc when we apply the DCA strategy. A true investor is a person that holds his bitcoin for long term and not those that hold short-term and shitcoin fellows.

[Ryu_Ar1]

The best advice for those who want to invest in Bitcoin is to get a good knowledge of Bitcoin before investing. 

However, is it good to have Bitcoin knowledge before investing in Bitcoin, but while trying to acquire that Bitcoin knowledge, we still have to invest at that particular time and not to wait for having a total of 100% knowledge of Bitcoin before investing in it, the earlier we start to invest in Bitcoin the earlier the profits come, so practising and learning Bitcoin should be at the same time.

Of course that is a good thing because before we are in bitcoin we must know in advance what bitcoin is and how bitcoin works so that we can be sure that what we are doing is not wrong and put what strategies are suitable when in bitcoin.
Nothing is 100 per cent in knowledge because knowledge will continue to be updated and when we learn something everything will definitely be lacking and have to learn every day but that's not the point, we learn bitcoin first is not intended to know up to 100 percent about bitcoin because it will not be done and it could be that you will not be in bitcoin if you want to learn the knowledge to 100 percent (because bitcoin will also be upgraded every day and the knowledge will also definitely increase) but do learning until you can really believe that bitcoin is one of the investments that can be used as our guide in investing because when we already know the basics and what bitcoin is, we can invest while continuing to learn bitcoin.

[tjtonmoy]

The problem is that until now there are a lot of people who consider it an excuse even though if we examine further it is not knowledge that is difficult to find but their laziness is too great so that knowledge is difficult to get.

I also mentioned people getting influenced by influencers, but I may have skipped the part where I explain it. So here how it goes. The knowledge, the availability, the ease of access are all in our hand. And the thing we need is a curious mind. But when it is possible to do anything or fake anything using money people are most likely to get confused on which one to believe. Imagine an influencer getting paid to promote a shit coin that has no value, no potential, and could easily fail at any time. This is not just only in cryptocurrency. The other factors and other things that people are spreading wrong information about. So finding the right one has become hard. But with a curious mind and some patience you can always find the right one. All it needs is a bit of time and some research.
If you have the will to learn then you will do multiple researches and not only get limited by one. I said that doing some comparison will make everything clear. In the end it all comes down to our capabilities and willingness. So that's the fact.

[bangjoe]

The best advice for those who want to invest in Bitcoin is to get a good knowledge of Bitcoin before investing. 

However, is it good to have Bitcoin knowledge before investing in Bitcoin, but while trying to acquire that Bitcoin knowledge, we still have to invest at that particular time and not to wait for having a total of 100% knowledge of Bitcoin before investing in it, the earlier we start to invest in Bitcoin the earlier the profits come, so practising and learning Bitcoin should be at the same time.

Yes maybe this will be one of the good suggestions, it's good, but sometimes someone must be triggered in advance to make him interested, one of them like I trap my friend to buy bitcoin, when he buys Bitcoin he becomes more interested and force himself to Knowing what Bitcoin is, because it has the pressure that he does not want to lose his money because he has bought Bitcoin.

Not as usual when talking about Bitcoin and he only asked what Bitcoin was without a deeper follow -up, even today he had been trapped was more familiar with Bitcoin compared to me, and he became more active in learning Bitcoin so his knowledge was deeper than me himself who knows bitcoin first.

Having a good initiative in learning it before investing is good, but sometimes someone who has a different character must enter first so that it triggers interest in learning.

[BABY SHOES]

The best advice for those who want to invest in Bitcoin is to get a good knowledge of Bitcoin before investing. 

However, is it good to have Bitcoin knowledge before investing in Bitcoin, but while trying to acquire that Bitcoin knowledge, we still have to invest at that particular time and not to wait for having a total of 100% knowledge of Bitcoin before investing in it, the earlier we start to invest in Bitcoin the earlier the profits come, so practising and learning Bitcoin should be at the same time.

Of course that is a good thing because before we are in bitcoin we must know in advance what bitcoin is and how bitcoin works so that we can be sure that what we are doing is not wrong and put what strategies are suitable when in bitcoin.
Nothing is 100 per cent in knowledge because knowledge will continue to be updated and when we learn something everything will definitely be lacking and have to learn every day but that's not the point, we learn bitcoin first is not intended to know up to 100 percent about bitcoin because it will not be done and it could be that you will not be in bitcoin if you want to learn the knowledge to 100 percent (because bitcoin will also be upgraded every day and the knowledge will also definitely increase) but do learning until you can really believe that bitcoin is one of the investments that can be used as our guide in investing because when we already know the basics and what bitcoin is, we can invest while continuing to learn bitcoin.

The most important thing is basic knowledge after which it can be run simultaneously with the investment that is started, if you want to understand all the ways bitcoin works then it will be difficult without practicing it - let's call it while investing over time you will understand it.

Yaahh it's impossible to have to understand the science of bitcoin 100%, at least they know how to invest accordingly, how to run investments as long as they are able and how strong they hold while still accumulating, basically we expect profits so we have to understand from that side first.

Thankfully if you understand to the technical bitcoin to get deeper, but for now my own personal to keep learning about learning bitcoin while doing DCA every week.

[barisbilgili]

If there are sides hustle that can add more income, then @JayJuanGee is right. Some people are already working hard beyond the minimum wage, so anyone who crave for a better future should endeavour to explore other areas that can earn them money.

Fortunately, I know a lot of hardworking people from Bangladesh that are doing multiple freelancing jobs to make ends meet. This is not perculiar to Bangladesh,  many people from low income countries strive to earn more money to be able to meet their needs.

To invest in Bitcoin and manage the investment effective requires that one have a cashflow that will meet basic needs first then investment funds. If basic needs are not met, there are chances of selling unplanned even in the case of emergency.

Having several sources of income will certainly be very good for us because it will be able to meet our needs and other things. Yes, you are right. Anyone who has the desire for the life they dream of must have several sources of income and it would be even better if they invested in Bitcoin. If indeed they understand it well in making investments, of course we have to use idle funds so that we can buy and hold them to achieve profits from the investments we make.

[rachael9385]

If there are sides hustle that can add more income, then @JayJuanGee is right. Some people are already working hard beyond the minimum wage, so anyone who crave for a better future should endeavour to explore other areas that can earn them money.

Fortunately, I know a lot of hardworking people from Bangladesh that are doing multiple freelancing jobs to make ends meet. This is not perculiar to Bangladesh,  many people from low income countries strive to earn more money to be able to meet their needs.

To invest in Bitcoin and manage the investment effective requires that one have a cashflow that will meet basic needs first then investment funds. If basic needs are not met, there are chances of selling unplanned even in the case of emergency.

Having several sources of income will certainly be very good for us because it will be able to meet our needs and other things. Yes, you are right. Anyone who has the desire for the life they dream of must have several sources of income and it would be even better if they invested in Bitcoin. If indeed they understand it well in making investments, of course we have to use idle funds so that we can buy and hold them to achieve profits from the investments we make.

Having several sources of income is a very good idea and it will help us to quickly reach the standard of life that we are planning for. If an investor has about 2 to 3 places where he can make money on a daily basis and that same investor has still made up his mind to accumulate and hold his bitcoin for longer, I can testify that the investor will keep on accumulating Bitcoin nonstop for a time.

Source of income is something to be considered before investment, some of the important things that a Bitcoin investor should have is what is called source of income..

Not only 1, but maybe 2 to 3 if the person is opportune to have it, without any source of income, there will be no buying of Bitcoin and, accumulating process because one will not have money to buy and also accumulate, no matter how serious the person, many be, if he don't have a source of income his bitcoin investment plans won't be completed because the person don't have what is takes to accumulate more.

Imagine if a salary earner opens a business. That means he has 2 different sources of income, so he still invests in Bitcoin.

The person's investment will go smoothly because he has a job and also a business, so let me say $50 will not be a big deal for the person to get monthly, and if the person is using the DOLLAR COST AVERAGE, it will not be a hard thing for the person to constantly buy $10 worth of Bitcoin weekly or each 2 weeks when is has a job and a business.

[Frankolala]

Why do we invest, is for one to be able to secure his future doing old age, and whoever understands this will go at any length to sacrifice his time and resources on  investing. This is how bitcoin investment should be seen too. You don't need anyone to tell you the potential of bitcoin, when you have the basic knowledge of bitcoin. This is what will drive you towards buying bitcoin, while you are learning because you don't want to be left out. The good thing of bitcoin is that you can use any amount to invest in bitcoin and it isn't a must that it must be big amount. If you already have the basic knowledge of bitcoin and you don't have funds to invest, because you want to be proud with yourself at old age, you will look for a way which you can have extra money that you can use to invest, while you keep on learning at the same time.

It is now that we are still strong to work, that we can take the risk to secure our old age by creating or getting extra money to buy bitcoin, so that when we are old and don't have such strength to hustle anymore, our bitcoin portfolio will speak for us and you will be proud that during these days, you were able to sacrifice your time and funds investing in bitcoin for a better tomorrow. This is how investment is, some people are so lazy that they give excuses why they sit down and fold their hands without looking for something to do, or they can't sacrifice little from their income to invest in bitcoin because they don't want to inconvenience themselves. Such people are preparing and piling up sufferings at their old age because when you are already old, there is nothing you can do anymore than regrets.

This is why one must not have 100% knowledge before investing in bitcoin but the basic because it is impossible to have 100% knowledge of bitcoin, and this means that such people will end up not buying bitcoin because they don't want to sacrifice anything for their old age. It is the same with people that don't want to find a way of getting extra funds that they will use to invest in bitcoin but giving excuses that they don't have sufficient income to invest. Nothing is to small to use for bitcoin investment, since bitcoin is not gold or real estate, that is why you need to sacrifice your time and strength to work and invest now that you are still very young, so that you will secure your old age. If you already have the knowledge, start now to invest and gradually you will improve your knowledge with experience, and you will grow your investment with regular DCA, while hodling for a very long period of time.

See bitcoin as one of those big companies that you wishes you own because if you can keep on accumulating with DCA and hodling, your experience in the market increase and your portfolio too keep on increasing and someday, you might be able to get to that fuck you status.

[Ryu_Ar1]

Of course that is a good thing because before we are in bitcoin we must know in advance what bitcoin is and how bitcoin works so that we can be sure that what we are doing is not wrong and put what strategies are suitable when in bitcoin.
Nothing is 100 per cent in knowledge because knowledge will continue to be updated and when we learn something everything will definitely be lacking and have to learn every day but that's not the point, we learn bitcoin first is not intended to know up to 100 percent about bitcoin because it will not be done and it could be that you will not be in bitcoin if you want to learn the knowledge to 100 percent (because bitcoin will also be upgraded every day and the knowledge will also definitely increase) but do learning until you can really believe that bitcoin is one of the investments that can be used as our guide in investing because when we already know the basics and what bitcoin is, we can invest while continuing to learn bitcoin.

The most important thing is basic knowledge after which it can be run simultaneously with the investment that is started, if you want to understand all the ways bitcoin works then it will be difficult without practicing it - let's call it while investing over time you will understand it.

Yaahh it's impossible to have to understand the science of bitcoin 100%, at least they know how to invest accordingly, how to run investments as long as they are able and how strong they hold while still accumulating, basically we expect profits so we have to understand from that side first.

Thankfully if you understand to the technical bitcoin to get deeper, but for now my own personal to keep learning about learning bitcoin while doing DCA every week.

What must be understood here is that we don't have to be perfect first to start something, especially when discussing the latest technology, where every day there are always new things to learn.
When we try to be perfect first in learning in bitcoin but do not take any action forever we will not be able to enter bitcoin because to what extent you learn to understand, still not all knowledge can be obtained only by learning to see theory.
You must try to take action in this case to invest directly as a form of your effort in doing what you want to achieve.
Because we also have to realise that when we only grapple with theory without doing even 1 time practice it will only be empty knowledge. Not that it's useless, because everything is definitely useful, it's just that it will be bland because you don't have any experience as a form of your reference for proving the theory you learnt.

[rachael9385]

Of course that is a good thing because before we are in bitcoin we must know in advance what bitcoin is and how bitcoin works so that we can be sure that what we are doing is not wrong and put what strategies are suitable when in bitcoin.
Nothing is 100 per cent in knowledge because knowledge will continue to be updated and when we learn something everything will definitely be lacking and have to learn every day but that's not the point, we learn bitcoin first is not intended to know up to 100 percent about bitcoin because it will not be done and it could be that you will not be in bitcoin if you want to learn the knowledge to 100 percent (because bitcoin will also be upgraded every day and the knowledge will also definitely increase) but do learning until you can really believe that bitcoin is one of the investments that can be used as our guide in investing because when we already know the basics and what bitcoin is, we can invest while continuing to learn bitcoin.

The most important thing is basic knowledge after which it can be run simultaneously with the investment that is started, if you want to understand all the ways bitcoin works then it will be difficult without practicing it - let's call it while investing over time you will understand it.

Yaahh it's impossible to have to understand the science of bitcoin 100%, at least they know how to invest accordingly, how to run investments as long as they are able and how strong they hold while still accumulating, basically we expect profits so we have to understand from that side first.

Thankfully if you understand to the technical bitcoin to get deeper, but for now my own personal to keep learning about learning bitcoin while doing DCA every week.

What must be understood here is that we don't have to be perfect first to start something, especially when discussing the latest technology, where every day there are always new things to learn.
When we try to be perfect first in learning in bitcoin but do not take any action forever we will not be able to enter bitcoin because to what extent you learn to understand, still not all knowledge can be obtained only by learning to see theory.
You must try to take action in this case to invest directly as a form of your effort in doing what you want to achieve.
Because we also have to realise that when we only grapple with theory without doing even 1 time practice it will only be empty knowledge. Not that it's useless, because everything is definitely useful, it's just that it will be bland because you don't have any experience as a form of your reference for proving the theory you learnt.

If one thinks that one can learn everything before making an attempt to put the knowledge into practice, then that person is making a mistake. Everything can't end. As Bitcoin is growing gradually, we can't learn everything about Bitcoin. However, new things come every day, so if we learned little, we should practise the little we have learned.

When we are talking about technical things, we don't have to depend on only the theory, one also needs practical. Gaining knowledge without doing it is a waste.

If we learn about Bitcoin on this forum, and we don't put the knowledge into practice on our own, then we are not learning anything, rather than just come to the forum and have some fun at the end. But when we think about learning and also putting it into practice by investing in Bitcoin, it shows that we are serious about learning.

[JayJuanGee]

Bitcoin is the Most Valuable Coin. Keeping It Will Always Make It Valuable. But I Have Concerns Bitcoin's Founders Always Hid Theirself But I Think It's Something Political

Hopefully you have adjusted your bitcoin position size accordingly, and you are not staying a no coiner - even though your supposed skepticism (to the extent that we can take you seriously) may well lead you into being a low coiner, but then with the passage of time wishing that would have had been more aggressive, rather than whimpy in the way that you ended up investing into bitcoin (presuming that you get over being a no coiner. and merely talking about bitcoin in theory, rather than practice, which seems to be a trend of about 99%-ish of the world's population so far).

[rachael9385]

I think being touched is the best compliment that I can give you about your writing right now. As expected, a good writing makes me moved and think a lot. 토토사이트I think it's a really good feeling to have a lingering feeling.   

I don't really get what you are saying here, and it is something most of us can't understand here. I see that you have nothing to add here to this discussion, so please take whatever you are saying to your local board because this is a general board.

Bitcoin is the Most Valuable Coin. Keeping It Will Always Make It Valuable. But I Have Concerns Bitcoin's Founders Always Hid Theirself But I Think It's Something Political

Yes you are right when you said that bitcoin is the most valuable coin in the crypto world, but I don't really think you are right when you said that bitcoin is a political something. If Bitcoin is a political thing, we would believe that a lot of governments would like to join it, but since Bitcoin is not something that involves political politics, that is why it can't be controlled by them. Although some of them are looking for a way to control it, but they can't

[Odohu]

Bitcoin is the Most Valuable Coin. Keeping It Will Always Make It Valuable. But I Have Concerns Bitcoin's Founders Always Hid Theirself But I Think It's Something Political

Hopefully you have adjusted your bitcoin position size accordingly, and you are not staying a no coiner - even though your supposed skepticism (to the extent that we can take you seriously) may well lead you into being a low coiner, but then with the passage of time wishing that would have had been more aggressive, rather than whimpy in the way that you ended up investing into bitcoin (presuming that you get over being a no coiner. and merely talking about bitcoin in theory, rather than practice, which seems to be a trend of about 99%-ish of the world's population so far).

The tone of his comment is filled with skepticism and you captured it correctly... they always end up regretting.

Rather than bothering himself with seeking relevant knowledge to be able to accumulate Bitcoin and holding, his concern is about the whereabout of Satoshi as if that will change anything. Perhaps, he is viewing Bitcoin from the angle of these shitcoins created by known people... as though the known identity of the founders has helped or made the coins perform better than Bitcoin.

With the passage of time, it is becoming easier to see skeptics who are probably into Bitcoin for quick gains not that they believe in Bitcoin or the authentic and future thereof.

[ajiz138]

Bitcoin is the Most Valuable Coin. Keeping It Will Always Make It Valuable. But I Have Concerns Bitcoin's Founders Always Hid Theirself But I Think It's Something Political

Some institutions consider bitcoin an important asset and prefer bitcoin over fiat, you hold bitcoin you will have a valuable asset...

Since 2010 Satoshi disappeared and never appeared again, there was recently on X.com an account called @satoshi I don't consider myself the founder, maybe other people are just riding fame...

You don't need to think about this, stay focused on bitcoin.

[Winterfrost]

Bitcoin is the Most Valuable Coin. Keeping It Will Always Make It Valuable.

Yes it is more valuable than any other cryptocurrency because it is the pioneer of them all without any official government approval, licensing, permits, endorsements, Nobel Prizes, directives, or mandates.

Just like you said, it makes more sense to hold onto it on the presumption it will be worth more in the future

But I Have Concerns Bitcoin's Founders Always Hid Theirself But I Think It's Something Political

Satoshi from the start has focused highly on hiding his identity for reason best known to him. There have been a lot of speculations on why he went ghosted but it does not have anything to do with political affairs. Clear those thoughts from your mind. Bitcoin is decentralized because it cannot be controlled by anyone not even the government. I wouldn't blame you much for making such a statement, i see your your still a newbie in the part of learning.

[Blitzboy]

Of course that is a good thing because before we are in bitcoin we must know in advance what bitcoin is and how bitcoin works so that we can be sure that what we are doing is not wrong and put what strategies are suitable when in bitcoin.
Nothing is 100 per cent in knowledge because knowledge will continue to be updated and when we learn something everything will definitely be lacking and have to learn every day but that's not the point, we learn bitcoin first is not intended to know up to 100 percent about bitcoin because it will not be done and it could be that you will not be in bitcoin if you want to learn the knowledge to 100 percent (because bitcoin will also be upgraded every day and the knowledge will also definitely increase) but do learning until you can really believe that bitcoin is one of the investments that can be used as our guide in investing because when we already know the basics and what bitcoin is, we can invest while continuing to learn bitcoin.

The most important thing is basic knowledge after which it can be run simultaneously with the investment that is started, if you want to understand all the ways bitcoin works then it will be difficult without practicing it - let's call it while investing over time you will understand it.

Yaahh it's impossible to have to understand the science of bitcoin 100%, at least they know how to invest accordingly, how to run investments as long as they are able and how strong they hold while still accumulating, basically we expect profits so we have to understand from that side first.

Thankfully if you understand to the technical bitcoin to get deeper, but for now my own personal to keep learning about learning bitcoin while doing DCA every week.

What must be understood here is that we don't have to be perfect first to start something, especially when discussing the latest technology, where every day there are always new things to learn.
When we try to be perfect first in learning in bitcoin but do not take any action forever we will not be able to enter bitcoin because to what extent you learn to understand, still not all knowledge can be obtained only by learning to see theory.
You must try to take action in this case to invest directly as a form of your effort in doing what you want to achieve.
Because we also have to realise that when we only grapple with theory without doing even 1 time practice it will only be empty knowledge. Not that it's useless, because everything is definitely useful, it's just that it will be bland because you don't have any experience as a form of your reference for proving the theory you learnt.

If one thinks that one can learn everything before making an attempt to put the knowledge into practice, then that person is making a mistake. Everything can't end. As Bitcoin is growing gradually, we can't learn everything about Bitcoin. However, new things come every day, so if we learned little, we should practise the little we have learned.

When we are talking about technical things, we don't have to depend on only the theory, one also needs practical. Gaining knowledge without doing it is a waste.

If we learn about Bitcoin on this forum, and we don't put the knowledge into practice on our own, then we are not learning anything, rather than just come to the forum and have some fun at the end. But when we think about learning and also putting it into practice by investing in Bitcoin, it shows that we are serious about learning.

What a simple perspective of knowledge and its practical use! Your point about jumping into practice without understanding Bitcoin and its complex ecosystem is somewhat true. Learning is an ongoing process, especially in the dynamic bitcoin market. Unfortunately, its a narrow perspective. Before investing or trading, one must comprehend blockchain technology, cryptography, and economic ideas behind Bitcoin.

Are we undervaluing theoretical knowledge because we want to act now? Bitcoin is rooted in technical and economic theory, thus buying cheap and selling high is not enough. We must also comprehend market trends, regulatory settings, and security processes. Practice is important, but viewing it as an endless circle without practical outcomes is risky.

[JayJuanGee]

Bitcoin is the Most Valuable Coin. Keeping It Will Always Make It Valuable. But I Have Concerns Bitcoin's Founders Always Hid Theirself But I Think It's Something Political

Hopefully you have adjusted your bitcoin position size accordingly, and you are not staying a no coiner - even though your supposed skepticism (to the extent that we can take you seriously) may well lead you into being a low coiner, but then with the passage of time wishing that would have had been more aggressive, rather than whimpy in the way that you ended up investing into bitcoin (presuming that you get over being a no coiner. and merely talking about bitcoin in theory, rather than practice, which seems to be a trend of about 99%-ish of the world's population so far).

The tone of his comment is filled with skepticism and you captured it correctly... they always end up regretting.

I thought that his tone was potentially one of a troller (or perhaps a bot), but I tried to give some benefit of the doubt, mostly in order to attempt to get something substantive out of what were other vague-ass points that could have been trying to persuade people to be more blasé, timid and/or fearful of bitcoin than is justified by the actual facts and including that this is likely a good place for normies to either get involved and/or to perhaps up their level of aggressiveness in terms of buying bitcoin.. but surely, many of us know that we have to temper our level of aggressiveness in terms of our own finances and/or otherwise preparations.

Rather than bothering himself with seeking relevant knowledge to be able to accumulate Bitcoin and holding, his concern is about the whereabout of Satoshi as if that will change anything.

that was a bit of a red flag to be implying that there is something problematic with the unknowness of Bitcoin's creator and implying that their might be some kind of a US intelligence contribution to the project.. (He did not say that, but seems to be what he was attempting to suggest).

Perhaps, he is viewing Bitcoin from the angle of these shitcoins created by known people... as though the known identity of the founders has helped or made the coins perform better than Bitcoin.

Of course, there are various talking points that bitcoin naysayers and/or shitcoin pumpeners throw out there, and it might not even be necessary to identify their origins and/or motives with any degree of specificity... but sure, it likely does not hurt to see that they are throwing out various talking points that have largely been debunked, but they might still find some uses in presenting such nonsense in an attempted more subtle kind of a way so that maybe we might not recognize their planting of gobbledy gook intending to cause less enthusiasm towards king daddy.

With the passage of time, it is becoming easier to see skeptics who are probably into Bitcoin for quick gains not that they believe in Bitcoin or the authentic and future thereof.

There are almost always be some of the various kinds of traders, and some of those kinds of in and out strategies can be profitable in the short term... and surely build dollars.. but then sometimes, we might look at some folks who had been making several trades between 2013 and present and they might have been making 5-20x in profits over that time... yet on the other hand someone who either just bought and held or maybe DCA'ed into bitcoin over the last 10 years, may well have had ended up with 20x to 80x returns without even having to spend so much time getting in and out of positions.  Sure there sometimes will be some traders who are able to outperform more prudent bitcoin accumulation strategies, but I doubt that they are even close to 10% of such traders..so an overwhelming number of them are performing substantially worse than mere DCA and/or bitcoin accumulation, some might be losing money and only a very small number of them are likely beating straightforward DCA and/or ongoing BTC accumulation and/or BTC HODL strategies.

[Agbe]

Bitcoin is the Most Valuable Coin. Keeping It Will Always Make It Valuable. But I Have Concerns Bitcoin's Founders Always Hid Theirself But I Think It's Something Political

There are somethings that are good to hide because of the wickedness of the leaders. If bitcoin creators were known, the world powers or government would have forced them to make it Centralized so that they can control it and the value of bitcoin have been like a shit coin. It is good that bitcoin is decentralized and also open source to all. It is the unknown nature of bitcoin creator make the coins valuable. The politics that involves in bitcoin the part that the world government trying to know the source of bitcoin and probably control it but the could not so it becomes a research project to them every year. The political aspect in politics is very simple to understand. Satoshi Nakamoto creates bitcoin and the government is trying to find out the real Identity of the person but they could not. And the worst part of it all is the software is decentralized which make things difficult for the authorities to locate the source and control and make the price valueless. Just look at it. Bitcoin was created since 2008 and became an existence since 2009 and that make it 14 years now and look at the countries that have adopted bitcoin as a legal tender. And also look at the level of people bitcoin as help within this few years. The authority is not even about the blockchain and just that they cannot do anything to it. Bitcoin has done pretty good to humanity which the authorities can not do. Yet they still hate it. Well bitcoin has come to stay and no authority can do otherwise instead they will join the blockchain in the long run.

[snowpega]

Bitcoin is the Most Valuable Coin. Keeping It Will Always Make It Valuable. But I Have Concerns Bitcoin's Founders Always Hid Theirself But I Think It's Something Political

Hopefully you have adjusted your bitcoin position size accordingly, and you are not staying a no coiner - even though your supposed skepticism (to the extent that we can take you seriously) may well lead you into being a low coiner, but then with the passage of time wishing that would have had been more aggressive, rather than whimpy in the way that you ended up investing into bitcoin (presuming that you get over being a no coiner. and merely talking about bitcoin in theory, rather than practice, which seems to be a trend of about 99%-ish of the world's population so far).

The tone of his comment is filled with skepticism and you captured it correctly... they always end up regretting.

Rather than bothering himself with seeking relevant knowledge to be able to accumulate Bitcoin and holding, his concern is about the whereabout of Satoshi as if that will change anything. Perhaps, he is viewing Bitcoin from the angle of these shitcoins created by known people... as though the known identity of the founders has helped or made the coins perform better than Bitcoin.

With the passage of time, it is becoming easier to see skeptics who are probably into Bitcoin for quick gains not that they believe in Bitcoin or the authentic and future thereof.

Hmm, This is the interesting topic i stumble upon here today, well having much knowledge and doing Hodling is the best part if you are going for the big race and wanna get ATH profit hodling is the best way. Besides that if you are using your knowlede power to exime the market sintments is good thing as if we come to crypto world knowledge is the power. Doing Hodling while using DCA technique is the best part of your accumulation in Bitcoin. I also had taken some classes of this from JayJuanGee sir , In this thread ....>>>Buy the DIP, and HODL!

Rest of that i don't have any kind of interest in shitcoin. As i'm the one who is hodling Bitcoin due to its positive potential.

[tread93]

Basically if you are holding you must have a general knowledge of BTC or you are just in Grayscale or something which is not exactly real Bitcoin, just a representation of it and exposure to it. They sort of go hand in hand knowledge and holdings. Any person who doesn't have at least some knowledge will fall at risk to a scam down the line and lose their holdings there is a good chance.

[Salahmu]

Basically if you are holding you must have a general knowledge of BTC or you are just in Grayscale or something which is not exactly real Bitcoin, just a representation of it and exposure to it.

Of course knowledge is very important however irrespective of how potential Bitcoin is there is always a need for someone to have a basic knowledge of it especially the beginners, because you no in life people tend to speculate a bad new concerning something and someone could easily be influence on those kind of information because he as no knowledge about it as such becomes vulnerable to influence.

So in times of Bitcoin people can only hold what they understand and no how it works, how can we advise to hold Bitcoin when basically they have no single knowledge about it, perhaps there is a likelihood that a person without knowledge about Bitcoin could easily be affected emotionally or mentally seeing market fluctuations, so actually knowledge and holding are intertwined they cannot work perfectly without each other because with knowledge we no the direction of our holding and with holding we understand the potential of Bitcoin, in anyway we put it they are two important dependent factors that needs each other to work perfectly.

[chigo]

If there are sides hustle that can add more income, then @JayJuanGee is right. Some people are already working hard beyond the minimum wage, so anyone who crave for a better future should endeavour to explore other areas that can earn them money.

Fortunately, I know a lot of hardworking people from Bangladesh that are doing multiple freelancing jobs to make ends meet. This is not perculiar to Bangladesh,  many people from low income countries strive to earn more money to be able to meet their needs.

To invest in Bitcoin and manage the investment effective requires that one have a cashflow that will meet basic needs first then investment funds. If basic needs are not met, there are chances of selling unplanned even in the case of emergency.

Having several sources of income will certainly be very good for us because it will be able to meet our needs and other things. Yes, you are right. Anyone who has the desire for the life they dream of must have several sources of income and it would be even better if they invested in Bitcoin. If indeed they understand it well in making investments, of course we have to use idle funds so that we can buy and hold them to achieve profits from the investments we make.

Benefits of using idle funds to invest in Bitcoin
- You will not rush to sell when the market is bearish or bullish
- You will be more flexible in terms of time, and free to sell the bitcoins you have whenever you want
- Your target price is clearer
If you don't use your idle funds to invest in Bitcoin then believe me, you won't be able to wait to see the price of Bitcoin skyrocket and that can make you despair because waiting for a long time while you are in need of money, then you will be careless and certain. will sell when FUD spreads

[EarnOnVictor]

Of course that is a good thing because before we are in bitcoin we must know in advance what bitcoin is and how bitcoin works so that we can be sure that what we are doing is not wrong and put what strategies are suitable when in bitcoin.
Nothing is 100 per cent in knowledge because knowledge will continue to be updated and when we learn something everything will definitely be lacking and have to learn every day but that's not the point, we learn bitcoin first is not intended to know up to 100 percent about bitcoin because it will not be done and it could be that you will not be in bitcoin if you want to learn the knowledge to 100 percent (because bitcoin will also be upgraded every day and the knowledge will also definitely increase) but do learning until you can really believe that bitcoin is one of the investments that can be used as our guide in investing because when we already know the basics and what bitcoin is, we can invest while continuing to learn bitcoin.

The most important thing is basic knowledge after which it can be run simultaneously with the investment that is started, if you want to understand all the ways bitcoin works then it will be difficult without practicing it - let's call it while investing over time you will understand it.

Yaahh it's impossible to have to understand the science of bitcoin 100%, at least they know how to invest accordingly, how to run investments as long as they are able and how strong they hold while still accumulating, basically we expect profits so we have to understand from that side first.

Thankfully if you understand to the technical bitcoin to get deeper, but for now my own personal to keep learning about learning bitcoin while doing DCA every week.

What must be understood here is that we don't have to be perfect first to start something, especially when discussing the latest technology, where every day there are always new things to learn.
When we try to be perfect first in learning in bitcoin but do not take any action forever we will not be able to enter bitcoin because to what extent you learn to understand, still not all knowledge can be obtained only by learning to see theory.
You must try to take action in this case to invest directly as a form of your effort in doing what you want to achieve.
Because we also have to realise that when we only grapple with theory without doing even 1 time practice it will only be empty knowledge. Not that it's useless, because everything is definitely useful, it's just that it will be bland because you don't have any experience as a form of your reference for proving the theory you learnt.

If one thinks that one can learn everything before making an attempt to put the knowledge into practice, then that person is making a mistake. Everything can't end. As Bitcoin is growing gradually, we can't learn everything about Bitcoin. However, new things come every day, so if we learned little, we should practise the little we have learned.

When we are talking about technical things, we don't have to depend on only the theory, one also needs practical. Gaining knowledge without doing it is a waste.

If we learn about Bitcoin on this forum, and we don't put the knowledge into practice on our own, then we are not learning anything, rather than just come to the forum and have some fun at the end. But when we think about learning and also putting it into practice by investing in Bitcoin, it shows that we are serious about learning.

What a simple perspective of knowledge and its practical use! Your point about jumping into practice without understanding Bitcoin and its complex ecosystem is somewhat true. Learning is an ongoing process, especially in the dynamic bitcoin market. Unfortunately, its a narrow perspective. Before investing or trading, one must comprehend blockchain technology, cryptography, and economic ideas behind Bitcoin.

Are we undervaluing theoretical knowledge because we want to act now? Bitcoin is rooted in technical and economic theory, thus buying cheap and selling high is not enough. We must also comprehend market trends, regulatory settings, and security processes. Practice is important, but viewing it as an endless circle without practical outcomes is risky.

I welcome some of your ideas but not all, you don't have to be the tech-savvy guy before investing in Bitcoin. Trading and investing are different from the technical part of Bitcoin, not everyone will know that aspect and not everyone has to know it before they gain immensely from the coin. It might surprise you if you investigate this, you might wonder that those with business-oriented ideas about Bitcoin make more than those who are technically involved in it. Fine, there is nothing wrong in trying to brush through how the coin came into existence, but the main deal is to invest rightly as far as I'm concerned. It's all about risk and your affinity for it, once you treat Bitcoin as an asset and you have a good investment idea, then you are good to go. And I must say that Bitcoin will not disappoint, just find your investment style and plan with it, you will get to make your money regularly and even make it huge if you can leave and forget (Hodl).

Just be decisive and smart in your approach, some had taken the risk on Bitcoin without knowing anything or much but just believed in the new innovation of blockchain technology in the financial system and used their futuristic wisdom to believe it has a good prospect and bright future. Such people are millionaires in USD today. For this, when it comes to Bitcoin today, I always advise people to act before thinking, and if they must think, they should think about the success in the past and how it has helped people to beat inflation in multiple folds. This might be funny, but if you look at what has happened in the past and Bitcoin's past cycles as well, one should not heavily persuade a sensible investor to commit their money to it. The record is there and it speaks for itself!

[Popkon6]

Basically if you are holding you must have a general knowledge of BTC or you are just in Grayscale or something which is not exactly real Bitcoin, just a representation of it and exposure to it. They sort of go hand in hand knowledge and holdings. Any person who doesn't have at least some knowledge will fall at risk to a scam down the line and lose their holdings there is a good chance.

People without knowledge will never come to trade in Bitcoin, because someone who has some amount of knowledge will definitely come to trade in Bitcoin (get more knowledge about Bitcoin). And Bitcoin has another advantage that many people make this mistake despite having knowledge, because they invest without understanding but later they are at risk. So DCA method should be chosen to avoid such risks. Holding in DCA method is definitely better because the risk is much lower. You can buy bitcoins with money at any time. The DCA technique is a very versatile technique that I myself have had some success using.

[Bitcoin_people]

Basically if you are holding you must have a general knowledge of BTC or you are just in Grayscale or something which is not exactly real Bitcoin, just a representation of it and exposure to it. They sort of go hand in hand knowledge and holdings. Any person who doesn't have at least some knowledge will fall at risk to a scam down the line and lose their holdings there is a good chance.

People without knowledge will never come to trade in Bitcoin, because someone who has some amount of knowledge will definitely come to trade in Bitcoin (get more knowledge about Bitcoin). And Bitcoin has another advantage that many people make this mistake despite having knowledge, because they invest without understanding but later they are at risk. So DCA method should be chosen to avoid such risks. Holding in DCA method is definitely better because the risk is much lower. You can buy bitcoins with money at any time. The DCA technique is a very versatile technique that I myself have had some success using.

Currently most of the people are ignorant and they are new to crypto space and once they come to trading they are at risk. Because they want to start trading with the aim of making money without realizing it, they can't handle people that's why they lose money. But a wise person never gets restless in trading and trades by understanding the market position, and they can make profit but this knowledge is not available to a newbie. Well it is better to use DCA method to avoid risk, this kind of strategy minimizes the negative impact you have on long term investment. So you have to use this method while investing only then you can avoid volatility in your investment. Moreover, if you use DCA, it will help you reduce the risk if you are trading and investing at the wrong time.

[Frankolala]

 Before investing or trading, one must comprehend blockchain technology, cryptography, and economic ideas behind Bitcoin.

Are we undervaluing theoretical knowledge because we want to act now? Bitcoin is rooted in technical and economic theory, thus buying cheap and selling high is not enough. We must also comprehend market trends, regulatory settings, and security processes. Practice is important, but viewing it as an endless circle without practical outcomes is risky.

I don't think that an investor who has the mindset to buy and hodli bitcoin don't need all that technical and economy theory. All the investor needs is to believe in bitcoin, that bitcoin will be a life safer in future and prepare himself on how much he will use to DCA regularly. Does anyone teach people how to save some part of their income, when they have target on a goal to achieve NO. The knowledge that a new investor that want to invest in bitcoin needs, is to know how to buy bitcoin, which wallet to use and how to transfer it to his noncustodial wallet. After that he can start with his DCA strategy weekly or monthly and gradually his investment will grow. Knowing about the technical and economy aspect wouldn't increase his  for him rather, it might distract him from accumulating and increasing his bitcoin portfolio.

We all learnt how to save little money that we don't need from when we were young, and sometimes we don't even know what to use the money for, but it just keep in piling up. This is how anybody that believes in bitcoin don't need 100% of know but rather the basic one, so that as he is hodling he can keep on learning about is investment. I don't see how such person will not be successful in his bitcoin journey when he plans to hodli and DCA regularly for eight years and above. Hodling bitcoin for long and using DCA strategy only needs patience and discipline for you to achieve your target bitcoin amount because you never planned  selling anytime around the corner. Whatever knowledge he needs, he can learn it during his hodling time.

If you want to wait to know about everything that affect bitcoin price and the technical side of bitcoin before investing, it means that you will never invest because nobody knows for how long that you will have all the knowledge. Increasing your bitcoin portfolio and learning about your investment at the same time, is more profitable than learning alone before investing. DCA method doesn't care about the price of bitcoin or whatever economic challenge that we are facing, because every price movement of bitcoin is an opportunity to keep stashing your portfolio.

[nara1892]

 Before investing or trading, one must comprehend blockchain technology, cryptography, and economic ideas behind Bitcoin.

Are we undervaluing theoretical knowledge because we want to act now? Bitcoin is rooted in technical and economic theory, thus buying cheap and selling high is not enough. We must also comprehend market trends, regulatory settings, and security processes. Practice is important, but viewing it as an endless circle without practical outcomes is risky.

We all learnt how to save little money that we don't need from when we were young, and sometimes we don't even know what to use the money for, but it just keep in piling up. This is how anybody that believes in bitcoin don't need 100% of know but rather the basic one, so that as he is hodling he can keep on learning about is investment. I don't see how such person will not be successful in his bitcoin journey when he plans to hodli and DCA regularly for eight years and above. Hodling bitcoin for long and using DCA strategy only needs patience and discipline for you to achieve your target bitcoin amount because you never planned  selling anytime around the corner. Whatever knowledge he needs, he can learn it during his hodling time.

That's right, since childhood our parents have always taught us to start saving early on, no matter how big the budget you will allocate to save, but certainly if you have money that you don't know what to use, or maybe money from the rest of your needs such as snacks or whatever we need to allocate it to save, nothing else our parents indirectly teach us to think about the future. Now everything is sophisticated as the times develop, and of course bitcoin is one of the effective ways to save by using DCA, there are so many benefits they will get and of course they will avoid the inflation that occurs. 

True, I think it's quite simple, if indeed their goal is to save only then it will not require 100% understanding, only with basic knowledge they can start, honestly this is very simple to do. All they have to prepare is a budget that really won't be used for other needs so that their HOLD planning will not be disturbed, and also of course as you said we only need to be consistent and continue to be patient in our planning using DCA until the target we have planned is achieved, in fact everything seems very easy if you know and want to start using DCA.

[Roseline492]

I don't think that an investor who has the mindset to buy and hodli bitcoin don't need all that technical and economy theory. All the investor needs is to believe in bitcoin, that bitcoin will be a life safer in future and prepare himself on how much he will use to DCA regularly.

Knowledge is very important but I believe in times of holding it doesn't require much of it because all that needs is just to hold, however enough knowledge is only needed if it has to do with trading which requires understanding those technical analysis.

However even with this DCA strategy a beginner who doesn't have any knowledge about Bitcoin could easily hold by using the strategy because the strategy alone is a knowledge that could guide an individual how to hold without the needs to acquire more knowledge before starting to hold.

[Winterfrost]

 Before investing or trading, one must comprehend blockchain technology, cryptography, and economic ideas behind Bitcoin.

Are we undervaluing theoretical knowledge because we want to act now? Bitcoin is rooted in technical and economic theory, thus buying cheap and selling high is not enough. We must also comprehend market trends, regulatory settings, and security processes. Practice is important, but viewing it as an endless circle without practical outcomes is risky.

If you want to wait to know about everything that affect bitcoin price and the technical side of bitcoin before investing, it means that you will never invest because nobody knows for how long that you will have all the knowledge.

Let me bring this guy back to realty, perhaps he forget we are human or he thinks we are some sort of machines that could take all commands and prompts at the same time. This are the specific time frame to get a good knowledge on these skills

Blockchain technology - At least 2-3 months for attaining a beginner knowledge but up to 6 months if you want to have a broader knowledge and become very good in it
Cryptography - If you want to learn about applied cryptography, you can learn a great deal about it in six months. For an advanced knowledge that should extend up to 2 years.

You need zero technical knowledge needed when it comes to Bitcoin investment. A basic understanding on how Bitcoin works (Buy/Sell, Security, market watch, transaction fees. storage, investment strategy and more), to the point where you can explain it to a child, is the basic requirement.

[rachael9385]

I don't think that an investor who has the mindset to buy and hodli bitcoin don't need all that technical and economy theory. All the investor needs is to believe in bitcoin, that bitcoin will be a life safer in future and prepare himself on how much he will use to DCA regularly.

Knowledge is very important but I believe in times of holding it doesn't require much of it because all that needs is just to hold, however enough knowledge is only needed if it has to do with trading which requires understanding those technical analysis.

However even with this DCA strategy a beginner who doesn't have any knowledge about Bitcoin could easily hold by using the strategy because the strategy alone is a knowledge that could guide an individual how to hold without the needs to acquire more knowledge before starting to hold.

To my own thoughts, I think that knowledge is knowledge, no knowledge is little. As long as the knowledge that one has is of good use, it's still knowledge. In terms of Bitcoin trading, I don't give a fuck about it because it is not my type of thing. It is not because I don't have the knowledge of trading, but it's because if I am involved in it, I will not have the time I have now that I am on the investment side of Bitcoin. You are right that in trading you must have enough knowledge before entering it. Yes, it is true, that is why Bitcoin investment is so very different from Bitcoin trading.

One can start from the very first day he hears about Bitcoin, as Bitcoin investment is not a must for an investor to acquire the whole 100% of his knowledge before joining.
Bitcoin investment is not for only low-class people. Even a school dropout can still invest in Bitcoin as long as he can follow instructions. If a school dropout is acquiring Bitcoin knowledge from an old investor, with the experience the old investor has, he can tell the new investor who is not well-educated about the investment, and if the new investor is a person that keeps to instructions, he can still invest in Bitcoin and accumulate with the help of the DOLLAR COST AVERAGE (DCA).
If we use the DCA strategy to accumulate Bitcoin, it will be of help to us, because before one can use it, he/she must reduce the rate of daily, weekly or monthly expenses so that while using it to accumulate, he/she will not get tangled in the process, it also gives us the opportunities to hold longer, while using the DCA method, it doesn't matter if the price of Bitcoin is high or low, it is just to keep on accumulating and holding.

[JayJuanGee]

Before investing or trading, one must comprehend blockchain technology, cryptography, and economic ideas behind Bitcoin.

Are we undervaluing theoretical knowledge because we want to act now? Bitcoin is rooted in technical and economic theory, thus buying cheap and selling high is not enough. We must also comprehend market trends, regulatory settings, and security processes. Practice is important, but viewing it as an endless circle without practical outcomes is risky.

If you want to wait to know about everything that affect bitcoin price and the technical side of bitcoin before investing, it means that you will never invest because nobody knows for how long that you will have all the knowledge.

Let me bring this guy back to realty, perhaps he forget we are human or he thinks we are some sort of machines that could take all commands and prompts at the same time. This are the specific time frame to get a good knowledge on these skills

Blockchain technology - At least 2-3 months for attaining a beginner knowledge but up to 6 months if you want to have a broader knowledge and become very good in it
Cryptography - If you want to learn about applied cryptography, you can learn a great deal about it in six months. For an advanced knowledge that should extend up to 2 years.

You need zero technical knowledge needed when it comes to Bitcoin investment. A basic understanding on how Bitcoin works (Buy/Sell, Security, market watch, transaction fees. storage, investment strategy and more), to the point where you can explain it to a child, is the basic requirement.

I guess there is nothing really wrong with your categories, even though they all just fall into number 4 from my below list, and from my point of view, the other 8 have somewhat similar levels of importance as number 4  in terms of what it is that each of us should be considering when investing.. whether we are a newbie investor or even a more seasoned investor - yet presuming that the seasoned investor will mostly have his/her shit together when it comes to the 9 areas, but knowing any of the 9 areas would not likely be a static concept and actions will likely need to be adjusted from time to time based on changes in anyone of them or combination of them.

These principle individual factors that influence your decision whether to invest into bitcoin and how to invest into bitcoin have financial, skills and psychological components that include:
1)   your cashflow,
2)   how much bitcoin you have already accumulated,
3)   your other investments (including cash reserves),
4)   your view of bitcoin as compared with other investments,
5)   your timeline,
6)   your risk tolerance,
7)   your time, skills, goals (investment/lifestyle targets, which includes figuring out the extent that you are in BTC accumulation, maintenance or liquidation stage),
8 )   your abilities to strategize, plan, research and learn along the way including tweaking strategies from time to time,
9)   your considering your time, your abilities and whether to trade, reallocate from time to time, to use of leverage and/or to use financial instruments... (and for sure the use of financial instruments, leverage and margin trading involve higher level skills and are not even necessary to still become richie in bitcoin's already existing asymmetric bet.)

[Egii Nna]

1. Understanding Bitcoin first gives you a more solid knowledge of security. and this is very important to avoid loss of funds.

I feel like this is the most important one, especially for beginners like me that still don’t have much knowledge about it, so for my little understanding, understanding bitcoin is supposed to be the first thing to do as it will be one to guide you on every step you want to take on your investment journey in both security and everything else, so you can see that after you have learned all these things, the next thing you will think of is to hold bitcoin as much as you can afford to lose because you will confidently store it in a safer wallet.

[Obim34]

I feel like this is the most important one, especially for beginners like me that still don’t have much knowledge about it, so for my little understanding, understanding bitcoin is supposed to be the first thing to do as it will be one to guide you on every step you want to take on your investment journey in both security and everything else, so you can see that after you have learned all these things, the next thing you will think of is to hold bitcoin as much as you can afford to lose because you will confidently store it in a safer wallet.

They say Ignorance is not an excuse, if one fails to have this inquisitive to learn he is completely prompt to fail and experience certain consequences which learning could have saved him from.

Sometimes people think the idea of holding Bitcoin is as simple as ABC... Do you know most persons lack patience, do you also know the intentions of some people is just for them to get little profit on top of there investment because they fear for the way Bitcoin is volatile. Where else knowledge is not enconcated into them they panick and sell, that is where knowledge is lacked because they failed to learn

[Popkon6]

I feel like this is the most important one, especially for beginners like me that still don’t have much knowledge about it, so for my little understanding, understanding bitcoin is supposed to be the first thing to do as it will be one to guide you on every step you want to take on your investment journey in both security and everything else, so you can see that after you have learned all these things, the next thing you will think of is to hold bitcoin as much as you can afford to lose because you will confidently store it in a safer wallet.

They say Ignorance is not an excuse, if one fails to have this inquisitive to learn he is completely prompt to fail and experience certain consequences which learning could have saved him from.

Sometimes people think the idea of holding Bitcoin is as simple as ABC... Do you know most persons lack patience, do you also know the intentions of some people is just for them to get little profit on top of there investment because they fear for the way Bitcoin is volatile. Where else knowledge is not enconcated into them they panick and sell, that is where knowledge is lacked because they failed to learn

We must acquire knowledge about Bitcoin to invest. Because only when knowledge about investment is gained we can use it in the work of holding. People are lazy that's why they face loss today because their motive is to earn profit. Investors become reluctant to sell when little profit is earned, as they have not acquired the appropriate knowledge. Due to which even after investing they cannot sell at the right time due to which holding is not suitable for them. So I think one should learn risk taking by gathering proper knowledge and using DCA method strategy with patience and holding for long term.

[Distinctin]

I feel like this is the most important one, especially for beginners like me that still don’t have much knowledge about it, so for my little understanding, understanding bitcoin is supposed to be the first thing to do as it will be one to guide you on every step you want to take on your investment journey in both security and everything else, so you can see that after you have learned all these things, the next thing you will think of is to hold bitcoin as much as you can afford to lose because you will confidently store it in a safer wallet.

They say Ignorance is not an excuse, if one fails to have this inquisitive to learn he is completely prompt to fail and experience certain consequences which learning could have saved him from.

Sometimes people think the idea of holding Bitcoin is as simple as ABC... Do you know most persons lack patience, do you also know the intentions of some people is just for them to get little profit on top of there investment because they fear for the way Bitcoin is volatile. Where else knowledge is not enconcated into them they panick and sell, that is where knowledge is lacked because they failed to learn

We must acquire knowledge about Bitcoin to invest. Because only when knowledge about investment is gained we can use it in the work of holding. People are lazy that's why they face loss today because their motive is to earn profit. Investors become reluctant to sell when little profit is earned, as they have not acquired the appropriate knowledge. Due to which even after investing they cannot sell at the right time due to which holding is not suitable for them. So I think one should learn risk taking by gathering proper knowledge and using DCA method strategy with patience and holding for long term.

Knowledge comes first, and everything else falls into place. It's the combination of the mind and emotions that handle these two aspects. Knowledge is all about the mind, and HODLing is a game of emotion. Both are crucial to control, but knowledge takes the top spot because it guides you in making the right decisions.

It's a breeze to say 'HODL,' especially when the market's on a bull run. But when the market corrects, as we've seen countless times, that's when panic sets in because we lack the knowledge.

When you've got a good grip on both these vital factors, it's pretty much guaranteed that you'll make the right call every time. Your emotions won't bother you since you're rooted in your game plan, and you can savor success once you reach your goals.

[rachael9385]

I feel like this is the most important one, especially for beginners like me that still don’t have much knowledge about it, so for my little understanding, understanding bitcoin is supposed to be the first thing to do as it will be one to guide you on every step you want to take on your investment journey in both security and everything else, so you can see that after you have learned all these things, the next thing you will think of is to hold bitcoin as much as you can afford to lose because you will confidently store it in a safer wallet.

They say Ignorance is not an excuse, if one fails to have this inquisitive to learn he is completely prompt to fail and experience certain consequences which learning could have saved him from.

Sometimes people think the idea of holding Bitcoin is as simple as ABC... Do you know most persons lack patience, do you also know the intentions of some people is just for them to get little profit on top of there investment because they fear for the way Bitcoin is volatile. Where else knowledge is not enconcated into them they panick and sell, that is where knowledge is lacked because they failed to learn

We must acquire knowledge about Bitcoin to invest. Because only when knowledge about investment is gained we can use it in the work of holding. People are lazy that's why they face loss today because their motive is to earn profit. Investors become reluctant to sell when little profit is earned, as they have not acquired the appropriate knowledge. Due to which even after investing they cannot sell at the right time due to which holding is not suitable for them. So I think one should learn risk taking by gathering proper knowledge and using DCA method strategy with patience and holding for long term.

In the world of Bitcoin we have a lot of knowledge to learn. First, let's talk about:

RISK: The word risk, in Bitcoin investment is the basic knowledge one should learn first. If the investor does not know how to, risk or how to manage risk, then during the accumulation process the person will get stuck and finds it difficult to accumulate, if one does not also know how to manage risk during the accumulation process, then he/she might get confused at the end or even stop the investment plans.

BUYING: The knowledge of buying is also important. After having the mindset of risk, we talked about buying Bitcoin. If we can't risk it, we also can't buy Bitcoin. Some can't risk it, that's why they can't buy Bitcoin.

ACCUMULATING with DCA: The knowledge of accumulating bitcoin through the help of the DCA strategy is another good knowledge because if we can't manage our experience, we can not secure a good amount of money that will be used to accumulate Bitcoin.

HOLDING: We also need knowledge to hold Bitcoin, but we don't need the whole knowledge to hold it because discipline is also involved. If one is wholehearted in getting something, all that is left for the person is a sacrifice and a bold step to take (discipline in my conclusion).

[rojan]

We must acquire knowledge about Bitcoin to invest. Because only when knowledge about investment is gained we can use it in the work of holding. People are lazy that's why they face loss today because their motive is to earn profit. Investors become reluctant to sell when little profit is earned, as they have not acquired the appropriate knowledge. Due to which even after investing they cannot sell at the right time due to which holding is not suitable for them. So I think one should learn risk taking by gathering proper knowledge and using DCA method strategy with patience and holding for long term.

Investing in reliable bitcoin like bitcoin is not risk of losing money so we can invest in bitcoin. Besides bitcoin we can choose some coins to invest from altcoin. But investing in altcoin is more risky than bitcoin. Again bitcoin's  If you invest in altcoins, you have the opportunity to make more profit.

[Popkon6]

-----

Investing in reliable bitcoin like bitcoin is not risk of losing money so we can invest in bitcoin. Besides bitcoin we can choose some coins to invest from altcoin. But investing in altcoin is more risky than bitcoin. Again bitcoin's  If you invest in altcoins, you have the opportunity to make more profit.

I'm a bit of a believer in Bitcoin, but I'm not a believer in altcoins. Because the few times I have invested in Bitcoins my wealth has increased. But I invested in AltCoin and I was ruined. Especially FTX,Luna these two platforms made me destitute so I put all my assets in Bitcoin. And I am confident that my wealth has not been depleted but increased since investing in Bitcoin.

I myself have been ruined by Altcoin so I will never tell another brother that the benefits are high. I would say Altcoins prove to be the most risky, and therefore one should do so at their own risk if they want to invest. Because resources are most at risk and most likely to be depleted.

[Easteregg69]

It boils down to believing in it. Oneliners ball.

[Sim_card]

I feel like this is the most important one, especially for beginners like me that still don’t have much knowledge about it, so for my little understanding, understanding bitcoin is supposed to be the first thing to do as it will be one to guide you on every step you want to take on your investment journey in both security and everything else, so you can see that after you have learned all these things, the next thing you will think of is to hold bitcoin as much as you can afford to lose because you will confidently store it in a safer wallet.

They say Ignorance is not an excuse, if one fails to have this inquisitive to learn he is completely prompt to fail and experience certain consequences which learning could have saved him from.

Sometimes people think the idea of holding Bitcoin is as simple as ABC... Do you know most persons lack patience, do you also know the intentions of some people is just for them to get little profit on top of there investment because they fear for the way Bitcoin is volatile. Where else knowledge is not enconcated into them they panick and sell, that is where knowledge is lacked because they failed to learn

You must first believe in bitcoin that it is an hedge to inflation and that it increases in value as time passes on. Part of basic knowledge of bitcoin is that, you should invest to a long term so that you can overcome the price moment of bitcoin and not to sell due to panic. If an investor is serious and stick to the rules of bitcoin, what more knowledge does he need to start his investment and use regular DCA method to accumulate more bitcoin. It is people that can't understand simple things and people that are not ready to take advantage of bitcoin now, that they think that they need to know so much on bitcoin before they can invest in bitcoin, which is wrong. Infact, let me say that, I don't care about the profit that bitcoin will bring me because I don't have the knowledge. But I know that if I keep my monthly savings in bitcoin, that my funds wouldn't depreciate just like the way our fiat currency depreciates with time, and I am planning to save for building a house and I don't know for how long I can keep saving before I can get the exact amount to build my house. I assume that it will take me 10yrs from now, and I decided to save in bitcoin a specific amount on DCA, do I need any deep knowledge on bitcoin to start up my savings, when I already have what is giving me income that made me to believe that I can save for a very long period to time before I can build myself a house. Along the line as I am DCAing regular that is when I can then pick up interest to learn more on bitcoin before, I might have the insight that bitcoin can give me profit. There are many ways that we can look at bitcoin from to enable us start buying bitcoin and at the same time keep on learning. It is only someone that doesn't have a goal or that believe in bitcoin that will still be doubting on investing yet, and you don't need any technical knowledge to believe in bitcoin, your believe comes from little proves which bitcoin has shown in her past histories.

Investing in reliable bitcoin like bitcoin is not risk of losing money so we can invest in bitcoin. Besides bitcoin we can choose some coins to invest from altcoin. But investing in altcoin is more risky than bitcoin. Again bitcoin's  If you invest in altcoins, you have the opportunity to make more profit.

Altcoins are for people who want to gamble with their investment, and altcoins are not the type of investment that you can have a little knowledge on that after when you have invested, you can continue learning about it, because it is a short time investment and you might go and invest on the wrong altcoin that you bought today and it crashes next week. It is only bitcoin that deserves investing on for a very long time that you can take profit from.

[red4slash]

We must acquire knowledge about Bitcoin to invest. Because only when knowledge about investment is gained we can use it in the work of holding. People are lazy that's why they face loss today because their motive is to earn profit. Investors become reluctant to sell when little profit is earned, as they have not acquired the appropriate knowledge. Due to which even after investing they cannot sell at the right time due to which holding is not suitable for them. So I think one should learn risk taking by gathering proper knowledge and using DCA method strategy with patience and holding for long term.

Investing in reliable bitcoin like bitcoin is not risk of losing money so we can invest in bitcoin. Besides bitcoin we can choose some coins to invest from altcoin. But investing in altcoin is more risky than bitcoin. Again bitcoin's  If you invest in altcoins, you have the opportunity to make more profit.

We will increase our profit opportunities if we invest with knowledge, that is the key word. If we invest without knowledge, it is tantamount to digging our own grave. Why do I say that? Yes, because if we invest without knowledge, we will be easily influenced by situations and even other people. For example, when bitcoin is declining, FUD will always come and I don't think it can be stopped, and when we have no knowledge then we will be affected by it, by the bad news that is spread and in the end we will withdraw all our money that is in bitcoin even in a loss. And that will not happen to someone who has deep knowledge about this bitcoin investment.

[Out of mind]

-----

Investing in reliable bitcoin like bitcoin is not risk of losing money so we can invest in bitcoin. Besides bitcoin we can choose some coins to invest from altcoin. But investing in altcoin is more risky than bitcoin. Again bitcoin's  If you invest in altcoins, you have the opportunity to make more profit.

I'm a bit of a believer in Bitcoin, but I'm not a believer in altcoins. Because the few times I have invested in Bitcoins my wealth has increased. But I invested in AltCoin and I was ruined. Especially FTX,Luna these two platforms made me destitute so I put all my assets in Bitcoin. And I am confident that my wealth has not been depleted but increased since investing in Bitcoin.

I myself have been ruined by Altcoin so I will never tell another brother that the benefits are high. I would say Altcoins prove to be the most risky, and therefore one should do so at their own risk if they want to invest. Because resources are most at risk and most likely to be depleted.

It's good to hear that you believe in Bitcoin, since you have made good profits investing in Bitcoin, I assume you have good experience with crypto. Altcoin investment is risky, but there are some altcoins that are worth trusting like ETH, BNB etc. If you invest in these then I think there is not much risk here, but if you invest in Bitcoin it will be better for you. FTX and Luna were two of the biggest scams in cryptocurrency, almost everyone who invested here lost their huge amount of money. So one must be careful while investing in altcoin. Although altcoin is risky, but the profit here is high but the possibility of losing money will be high. That's why it's better not to invest in altcoin, I always recommend bitcoin to everyone for investment, the risk is less here.

[Mayor of ogba]

I think before someone buys Bitcoin and hold that person should have a fundamental understanding of Bitcoin so, that when there is a drop in Bitcoin price that person will not panic about selling his Bitcoin at a loss. For instance, if someone invested in Bitcoin just because his friend made a massive profit from Bitcoin or that person saw a testimony of someone making huge money from Bitcoin investment, I bet you when there is a drop in Bitcoin price that person who invested in Bitcoin at of FOMO will be angry and sell his bitcoin at a loss because he/her lacks Bitcoin knowledge. Understanding Bitcoin will play an extra role in the hodling of Bitcoin for a long term.

[terrific]

Besides bitcoin we can choose some coins to invest from altcoin.

Yes, only some because not all of them are worth to invest with our money. Most of them are just typically pump and dump coins.

But investing in altcoin is more risky than bitcoin. Again bitcoin's  If you invest in altcoins, you have the opportunity to make more profit.

It's true that they're riskier than Bitcoin. We hold Bitcoin and invest some if you want to but you have no idea if they're going to make it when the bull run is in.
Bitcoin is more appropriate for most and that's why if you ever want to have a safe and secured investment, Bitcoin is the choice.

[Litzki1990]

We must acquire knowledge about Bitcoin to invest. Because only when knowledge about investment is gained we can use it in the work of holding. People are lazy that's why they face loss today because their motive is to earn profit. Investors become reluctant to sell when little profit is earned, as they have not acquired the appropriate knowledge. Due to which even after investing they cannot sell at the right time due to which holding is not suitable for them. So I think one should learn risk taking by gathering proper knowledge and using DCA method strategy with patience and holding for long term.

Investing in reliable bitcoin like bitcoin is not risk of losing money so we can invest in bitcoin. Besides bitcoin we can choose some coins to invest from altcoin. But investing in altcoin is more risky than bitcoin. Again bitcoin's  If you invest in altcoins, you have the opportunity to make more profit.

Choosing a specific coin to invest in is our next step but the first step in our investment is how much we know about investing. You can buy any coin anytime you want with the money you have but that is not called investment. Before investing, planning for a certain period of time, having a sufficient understanding of the investment, fixing a certain target, observing the market, buying a coin with the risk of money, and holding it for a long period of time is usually an investment. I mean holding for long term investment, people who will invest and within a few days of investing will be restless to sell their investment I don't consider that as investment. Long term investment means you must hold your investment for a long period of time if you lose money or make a profit then your investment cannot be sold. 

For those of us who are interested in investing, if we feel that we have enough knowledge about investing, then our next step is to choose a particular coin, for long term investment, I never look for other coins because my first and last choice is Bitcoin. I am not willing to take maximum risk of money no matter how much profit other coins give me, I think my money is safe if I invest in bitcoin so I always take bitcoin for long term investment and I think I am right in my decision.

[Dimitri94]

We must acquire knowledge about Bitcoin to invest. Because only when knowledge about investment is gained we can use it in the work of holding. People are lazy that's why they face loss today because their motive is to earn profit. Investors become reluctant to sell when little profit is earned, as they have not acquired the appropriate knowledge. Due to which even after investing they cannot sell at the right time due to which holding is not suitable for them. So I think one should learn risk taking by gathering proper knowledge and using DCA method strategy with patience and holding for long term.

Investing in reliable bitcoin like bitcoin is not risk of losing money so we can invest in bitcoin. Besides bitcoin we can choose some coins to invest from altcoin. But investing in altcoin is more risky than bitcoin. Again bitcoin's  If you invest in altcoins, you have the opportunity to make more profit.

if we feel that we have enough knowledge about investing, then our next step is to choose a particular coin, for long term investment, I never look for other coins because my first and last choice is Bitcoin. I am not willing to take maximum risk of money no matter how much profit other coins give me, I think my money is safe if I invest in bitcoin so I always take bitcoin for long term investment and I think I am right in my decision.

In investment area what I deserve that having only money is not sufficient, a investor need to have at least basic knowledge otherwise investors have to face different adversities. Because ignorance will not fulfill anyone's investment. An investor first needs to gain knowledge especially investing in Bitcoin otherwise he may lose money on the investment. When an investor discovers the difference between Bitcoin and other coins, he will only be interested in investing in Bitcoin. There is no alternative to Bitcoin for risk reduction and investment reliability. Although Bitcoin does not provide any certainty but when an investor learns about Bitcoin he will have a clear idea on these issues as well.

[Blitzboy]

We must acquire knowledge about Bitcoin to invest. Because only when knowledge about investment is gained we can use it in the work of holding. People are lazy that's why they face loss today because their motive is to earn profit. Investors become reluctant to sell when little profit is earned, as they have not acquired the appropriate knowledge. Due to which even after investing they cannot sell at the right time due to which holding is not suitable for them. So I think one should learn risk taking by gathering proper knowledge and using DCA method strategy with patience and holding for long term.

Investing in reliable bitcoin like bitcoin is not risk of losing money so we can invest in bitcoin. Besides bitcoin we can choose some coins to invest from altcoin. But investing in altcoin is more risky than bitcoin. Again bitcoin's  If you invest in altcoins, you have the opportunity to make more profit.

Choosing a specific coin to invest in is our next step but the first step in our investment is how much we know about investing. You can buy any coin anytime you want with the money you have but that is not called investment. Before investing, planning for a certain period of time, having a sufficient understanding of the investment, fixing a certain target, observing the market, buying a coin with the risk of money, and holding it for a long period of time is usually an investment. I mean holding for long term investment, people who will invest and within a few days of investing will be restless to sell their investment I don't consider that as investment. Long term investment means you must hold your investment for a long period of time if you lose money or make a profit then your investment cannot be sold. 

For those of us who are interested in investing, if we feel that we have enough knowledge about investing, then our next step is to choose a particular coin, for long term investment, I never look for other coins because my first and last choice is Bitcoin. I am not willing to take maximum risk of money no matter how much profit other coins give me, I think my money is safe if I invest in bitcoin so I always take bitcoin for long term investment and I think I am right in my decision.

Isnt it funny how some folks think they're "investing" by just throwing money at random coins without a plan? Im with you on that. Before diving in, understanding the landscape is paramount. Knowledge is your shield in the wild west of crypto! That said, I cant help but chuckle when I see someone jumping ship every other day because their "investment" dipped a bit. A long-term vision, as you rightly pointed out, is a sign of a seasoned investor.

Now, about Bitcoin - I totally get where you're coming from. Its the OG, right? Its like wanting to stick with the classics instead of the new flashy trends. Others might chase the next big thing, but Bitcoin has proven its resilience time & again. Your caution is wise, my friend. While diversification can be beneficial, there's something comforting about sticking with the tried and true. And who can argue with that?

[Obim34]

It's true that they're riskier than Bitcoin. We hold Bitcoin and invest some if you want to but you have no idea if they're going to make it when the bull run is in.
Bitcoin is more appropriate for most and that's why if you ever want to have a safe and secured investment, Bitcoin is the choice.

I do not believe in holding any altcoins, they are not not meant for holding just for a quick profit. In order to gain profits from altcoin you just have to buy at there first stage of presales or private sales and sell immediately or few days of the listing, if not the price will automatically dump leaving you with little or non of your capital. The earlier you sell your altcoins the better your chance of making good profits.
Where else, Bitcoin can be bought at any time and any price because it will definitely not run into loss forgetting the volatile nature price must surely bounce back and give good profits to Bitcoin owners only for those who is in for the long run

[Raflesia]

We must acquire knowledge about Bitcoin to invest. Because only when knowledge about investment is gained we can use it in the work of holding. People are lazy that's why they face loss today because their motive is to earn profit. Investors become reluctant to sell when little profit is earned, as they have not acquired the appropriate knowledge. Due to which even after investing they cannot sell at the right time due to which holding is not suitable for them. So I think one should learn risk taking by gathering proper knowledge and using DCA method strategy with patience and holding for long term.

Investing in reliable bitcoin like bitcoin is not risk of losing money so we can invest in bitcoin. Besides bitcoin we can choose some coins to invest from altcoin. But investing in altcoin is more risky than bitcoin. Again bitcoin's  If you invest in altcoins, you have the opportunity to make more profit.

IMO for this although it can be done, I think it would be better not to do it than you torture yourself with the wrong choice.
Many people consider having bitcoin and altcoins as a form of investment as something that must be verified, but for me this will only be a waste of time. it is undeniable that there are many people who consider some altcoins that are considered to be one of the viable alternatives for investment but without thinking about the far greater risks that you cannot even reach then it is better not to try it because this will only be a naivety.

The risk is still there but the difference is very clear when we have a smaller level of risk in bitcoin why should we try to do a big risk in altcoins.

[kingvirtus09]

It's true that they're riskier than Bitcoin. We hold Bitcoin and invest some if you want to but you have no idea if they're going to make it when the bull run is in.
Bitcoin is more appropriate for most and that's why if you ever want to have a safe and secured investment, Bitcoin is the choice.

I do not believe in holding any altcoins, they are not not meant for holding just for a quick profit. In order to gain profits from altcoin you just have to buy at there first stage of presales or private sales and sell immediately or few days of the listing, if not the price will automatically dump leaving you with little or non of your capital. The earlier you sell your altcoins the better your chance of making good profits.
Where else, Bitcoin can be bought at any time and any price because it will definitely not run into loss forgetting the volatile nature price must surely bounce back and give good profits to Bitcoin owners only for those who is in for the long run

It's up to you, and nobody is pushing us to order anything they don't want to as an investment that they think would increase our capital. Additionally, it cannot be denied that the majority of cryptocurrency investments nowadays are extremely risky.

The research we conduct and our confidence in the assets we purchase, however, nevertheless have a role. However, I continue to think that there are still more cryptocurrencies, such as BnB, Arb, Ada, and other top-ranked ones on the market, that, like Bitcoin, have the potential to offer future profit savings. Therefore these two are both important to me.

[atamism]

I've known btc way back 2017 and my friend introduced this to me, as a beginner, it's really hard to understand everything. The first thing I did was study here in the forum, an endless reading. By the time I was confident enough to invest, my best friend and I started to invest and hold btc and some other coins. So basically you need knowledge first and be sure you are ready to accept the risk of investing in btc or any other coins.

[Furious 7]

It's up to you, and nobody is pushing us to order anything they don't want to as an investment that they think would increase our capital. Additionally, it cannot be denied that the majority of cryptocurrency investments nowadays are extremely risky.

The research we conduct and our confidence in the assets we purchase, however, nevertheless have a role. However, I continue to think that there are still more cryptocurrencies, such as BnB, Arb, Ada, and other top-ranked ones on the market, that, like Bitcoin, have the potential to offer future profit savings. Therefore these two are both important to me.

Indeed, it depends on your own beliefs and when you are sure then do it because it is your will but in this case we also need to know the level of risk that will be faced. When it comes to risk, everything has a risk and it is a certainty that cannot be changed, it's just that the level of risk for this is also different.
When talking about bitcoin, the risk will still be there, it's just that this can be minimized compared to what will happen to altcoins and indeed it is an immutable fact so that even if you try to deny things like this it will still be undeniable because the risks we will face as bitcoin holders and altcoins will be very different in terms of levels.

When you are sure of your research on altcoins then indeed it is also your right and no one can interfere with it, it's just that when talking about risk it is clear that it will be more possible to be in bitcoin even though it is equally risky but this will be more minimized in terms of decreasing value (not amount) compared to the altcoins we have because surely you realize how when a crash occurs for bitcoin then almost all altcoins, especially shitcoin, get greater destruction and that is proof that the level of risk affects and the difference is very clear.

[Fuso.hp]

It's true that they're riskier than Bitcoin. We hold Bitcoin and invest some if you want to but you have no idea if they're going to make it when the bull run is in.
Bitcoin is more appropriate for most and that's why if you ever want to have a safe and secured investment, Bitcoin is the choice.

I do not believe in holding any altcoins, they are not not meant for holding just for a quick profit. In order to gain profits from altcoin you just have to buy at there first stage of presales or private sales and sell immediately or few days of the listing, if not the price will automatically dump leaving you with little or non of your capital. The earlier you sell your altcoins the better your chance of making good profits.
Where else, Bitcoin can be bought at any time and any price because it will definitely not run into loss forgetting the volatile nature price must surely bounce back and give good profits to Bitcoin owners only for those who is in for the long run

All the people who have been scammed so far have been scammed by investing in ALT coins. To this day I don't think anyone has ever mentioned that they got scammed by investing in Bitcoin because nobody would ever get scammed by investing in Bitcoin. Bitcoin is one of the most trusted digital currencies in the world. How do we rely on ALT coins instead of Bitcoin where Bitcoin is supposed to replace the dollar? We think investing in alt coins will make us rich quick but we never think before investing whether we will get our capital back by investing in ALT coins. Where capital recovery is concerned, how do we think about making quick profits?
For those of you who have not been scammed by investing in ALT coins and are still holding on to your ALT coin investments, I would like to tell you to sell your ALT coin investments as soon as possible and invest that money and hold it for a long time for sure. You can create a great opportunity to earn money in the future.

[Magic-Money]

Before investing in any business, the first thing is to have the little knowledge about the business by getting the necessary information needed to avoid losing the money or invest in a wrong platform. Then holding work with the information already have and get believe by getting a certain target to sell in a profit returns of investment.

[Ricardo11]

I think there is no need for newbies to start investing after knowing everything. Just knowing how to buy and hold bitcoins, you can start holding bitcoins. You don't need to know everything about bitcoin right now, you just need to buy now and start with safety. And then you slowly get to know everything about Bitcoin.

[Miles2006]

I agree with the op that bitcoin is met for everybody, and those who are interested and invest in it become part of the technology, as Satoshi Nakamoto said he created bitcion for everybody and not for specific people and you can see what he said from the following image.

Source of the image is on the image

[Ndabagi01]

I do not believe in holding any altcoins, they are not not meant for holding just for a quick profit. In order to gain profits from altcoin you just have to buy at there first stage of presales or private sales and sell immediately or few days of the listing, if not the price will automatically dump leaving you with little or non of your capital. The earlier you sell your altcoins the better your chance of making good profits.
Where else, Bitcoin can be bought at any time and any price because it will definitely not run into loss forgetting the volatile nature price must surely bounce back and give good profits to Bitcoin owners only for those who is in for the long run

Investing in altcoins is similar to gambling in that you never know whether you will make a profit or suffer a significant loss. If you're making an investment and you're not sure you'll make a profit, and you've noticed a number of warning signs and red flags that could cause you to lose money, it's best to take note of risk management and abandon such an investment. Since the creation of bitcoin and other cryptocurrencies, no coin has been able to restore its value after being subjected to market instability. So, with bitcoin investment, you can be rest assured that your investment is safer.

I've known btc way back 2017 and my friend introduced this to me, as a beginner, it's really hard to understand everything. The first thing I did was study here in the forum, an endless reading. By the time I was confident enough to invest, my best friend and I started to invest and hold btc and some other coins. So basically you need knowledge first and be sure you are ready to accept the risk of investing in btc or any other coins.

It's great that you were able to learn about bitcoin before investing in it. You don't need to panic when the price is in a downtrend because you know what caused it and are confident that it will return to its previous value after some time. The investment you've already made in other altcoins indicates that you're already gambling with the rest of your money; don't be so sure you'll make a lot of money there; they don't usually last as long in the market as bitcoin does.

[Ruttoshi]

It's true that they're riskier than Bitcoin. We hold Bitcoin and invest some if you want to but you have no idea if they're going to make it when the bull run is in.
Bitcoin is more appropriate for most and that's why if you ever want to have a safe and secured investment, Bitcoin is the choice.

I do not believe in holding any altcoins, they are not not meant for holding just for a quick profit. In order to gain profits from altcoin you just have to buy at there first stage of presales or private sales and sell immediately or few days of the listing, if not the price will automatically dump leaving you with little or non of your capital. The earlier you sell your altcoins the better your chance of making good profits.
Where else, Bitcoin can be bought at any time and any price because it will definitely not run into loss forgetting the volatile nature price must surely bounce back and give good profits to Bitcoin owners only for those who is in for the long run

It's up to you, and nobody is pushing us to order anything they don't want to as an investment that they think would increase our capital. Additionally, it cannot be denied that the majority of cryptocurrency investments nowadays are extremely risky.

The research we conduct and our confidence in the assets we purchase, however, nevertheless have a role. However, I continue to think that there are still more cryptocurrencies, such as BnB, Arb, Ada, and other top-ranked ones on the market, that, like Bitcoin, have the potential to offer future profit savings. Therefore these two are both important to me.

I am sorry for you kingvirtus09, because you will not like how your investment will end up with those altcoins that you are wasting your time and resources on, because they are all centralized and can never be trusted. Moreover, we are talking about knowledge and holding, and I don't see how altcoins fall in this concept of investing first before learning more about your investment.

Bitcoin is the only investment that you just need to know of the basics before investing into it, because bitcoin have come to stay and there will be enough of time for one to learn whatever he needs to know, and at the same time, increasing his bitcoin portfolio through regular DCA. Altcoins need a proper research on which coins to invest and you can't invest in altcoins and at the same time learning about that coins because they are for short term and don't worth the risk.

 If you hodli altcoins, you will definitely run at loss. Luna crashed and if Binance crashes today, BNB will also crash, stop gambling with your hard earned funds and only invest in bitcoin because it is the only coins with a long timeline and will bring profit based on the size of your portfolio and the timeline of your investment. I am an example of someone that bought my bitcoin to learn from experience of hodling, while I am still learning on other aspect of bitcoin and I must say that the knowledge that I have gained from hodling based on experience is far bigger than what I would have known on only theory. Because I now have a strategy that I set up to accumulate bitcoin through DCA, to keep on increasing my bitcoin investment.

[Fauderz]

I think there is no need for newbies to start investing after knowing everything. Just knowing how to buy and hold bitcoins, you can start holding bitcoins. You don't need to know everything about bitcoin right now, you just need to buy now and start with safety. And then you slowly get to know everything about Bitcoin.

But with this you will be someone who is naive because in the end when only buying bitcoin and holding bitcoin without knowing the basic science of what bitcoin is the same as buying an item which is locked in a chest without knowing what is in the chest.
We must know what we are buying, the benefits we will get and the risks when we buy anything. Likewise with bitcoin when we buy bitcoin we must know what bitcoin is, its functions and uses as well as our benefits when buying bitcoin for what and the risks we will face like what when we buy and store bitcoin.
Many people feel they are deceived because they buy bitcoin and sell at a loss because they don't know what they are buying and don't want to learn more about what we are buying. That is not the fault of bitcoin but we ourselves are naive because we only follow your hype about bitcoin and follow to buy but do not realize that the risk we have to take is actually very large.

[freedomgo]

I think there is no need for newbies to start investing after knowing everything. Just knowing how to buy and hold bitcoins, you can start holding bitcoins. You don't need to know everything about bitcoin right now, you just need to buy now and start with safety. And then you slowly get to know everything about Bitcoin.

That's understandable, but it's not advisable to limit your knowledge of Bitcoin, especially if you're investing for the long term. When you invest in a volatile market like Bitcoin, you should expect fluctuations, and having limited knowledge can lead to emotional decisions that might cause you to sell your investment prematurely. This is one of the main reasons why investors who ride the bull market often end up selling their holdings during the bear market. The lack of knowledge can lead them in the wrong direction because it's no longer their rational minds guiding them, but their emotions.

In any type of investment, especially in assets like Bitcoin, which are high-risk, it's crucial to equip yourself with the right knowledge. This way, you can make informed decisions and avoid being swayed by your emotions. While others may panic and sell, you can stay calm because you understand the market's dynamics.

[Patrol69]

We must acquire knowledge about Bitcoin to invest. Because only when knowledge about investment is gained we can use it in the work of holding. People are lazy that's why they face loss today because their motive is to earn profit. Investors become reluctant to sell when little profit is earned, as they have not acquired the appropriate knowledge. Due to which even after investing they cannot sell at the right time due to which holding is not suitable for them. So I think one should learn risk taking by gathering proper knowledge and using DCA method strategy with patience and holding for long term.

Investing in reliable bitcoin like bitcoin is not risk of losing money so we can invest in bitcoin. Besides bitcoin we can choose some coins to invest from altcoin. But investing in altcoin is more risky than bitcoin. Again bitcoin's  If you invest in altcoins, you have the opportunity to make more profit.

IMO for this although it can be done, I think it would be better not to do it than you torture yourself with the wrong choice.
Many people consider having bitcoin and altcoins as a form of investment as something that must be verified, but for me this will only be a waste of time. it is undeniable that there are many people who consider some altcoins that are considered to be one of the viable alternatives for investment but without thinking about the far greater risks that you cannot even reach then it is better not to try it because this will only be a naivety.

The risk is still there but the difference is very clear when we have a smaller level of risk in bitcoin why should we try to do a big risk in altcoins.

To invest one must take risk, without taking risk investment is never possible but we have to make sure that we are taking risk in right place or taking risk in wrong place. Taking risks in altcoins to have bitcoins is definitely foolish. 

As we have to invest through money, it is our responsibility to ensure maximum security of money. Bitcoin is safe and Bitcoin will definitely guarantee you money but altcoins will never guarantee you money. A Bitcoin investor has high hopes that his investment will never fail and he will never be promoted by investing in Bitcoin. Such belief of an investor towards Bitcoin is enough to invest in Bitcoin. Since we have knowledge, we have to put that knowledge to good use. Instead of depending on others, I have to find out by myself where my money will be safe as well as where my money will grow if I invest. When a person tries to use his knowledge to know these things, he can find the right investment medium and that must be Bitcoin.

[Sanitough]

To invest one must take risk, without taking risk investment is never possible but we have to make sure that we are taking risk in right place or taking risk in wrong place. Taking risks in altcoins to have bitcoins is definitely foolish. 

As we have to invest through money, it is our responsibility to ensure maximum security of money. Bitcoin is safe and Bitcoin will definitely guarantee you money but altcoins will never guarantee you money. A Bitcoin investor has high hopes that his investment will never fail and he will never be promoted by investing in Bitcoin. Such belief of an investor towards Bitcoin is enough to invest in Bitcoin. Since we have knowledge, we have to put that knowledge to good use. Instead of depending on others, I have to find out by myself where my money will be safe as well as where my money will grow if I invest. When a person tries to use his knowledge to know these things, he can find the right investment medium and that must be Bitcoin.

Why do we even have to discuss altcoins here? In general, they are a risky investment in my opinion. The risk is high because only a few of them are genuinely profitable as investments. Have you ever heard of developers exiting a project and taking the money? That happens in altcoins but never in Bitcoin because Bitcoin's developers are anonymous and not moving their funds. I'm talking about Satoshi. These altcoins are just copies, riding on the popularity of Bitcoin. If you've witnessed and experienced a bull run, it's Bitcoin that's driving that bull market. Altcoins just benefit from it. So, if you want to be on the safer side, always choose Bitcoin over any other project.

[Ruttoshi]

I think there is no need for newbies to start investing after knowing everything. Just knowing how to buy and hold bitcoins, you can start holding bitcoins. You don't need to know everything about bitcoin right now, you just need to buy now and start with safety. And then you slowly get to know everything about Bitcoin.

That's understandable, but it's not advisable to limit your knowledge of Bitcoin, especially if you're investing for the long term. When you invest in a volatile market like Bitcoin, you should expect fluctuations, and having limited knowledge can lead to emotional decisions that might cause you to sell your investment prematurely. This is one of the main reasons why investors who ride the bull market often end up selling their holdings during the bear market. The lack of knowledge can lead them in the wrong direction because it's no longer their rational minds guiding them, but their emotions.

In any type of investment, especially in assets like Bitcoin, which are high-risk, it's crucial to equip yourself with the right knowledge. This way, you can make informed decisions and avoid being swayed by your emotions. While others may panic and sell, you can stay calm because you understand the market's dynamics.

It has been observed and noticed that people who only buy and hodli bitcoin in a long period of time will have less risk of losing their bitcoin or selling at the time that is not of their will. This is among the basic concept of bitcoin that one don't need to read a cumbersome theory to understand this simple statement. It is as easy as, your preparing yourself on how much that you will use for your entry point and how much you can use for DCA weekly or monthly, based on your weekly or monthly cash inflow.

As a beginner you can start if a small amount since you don't have much knowledge on bitcoin but only the basic which can help your start your bitcoin journey. And as time goes on while buying regular, you can decide to study your investment deeper to know all aspect of bitcoin. It shows that you will learn faster than whoever that is seeking majority of bitcoin knowledge and understanding first. This is because there are some strategy that you will learn when accumulating that will suit your income base on the fluctuations in bitcoin price.

Since you are not planning to sell in a short period of time, there is nothing to learn much about the market because, you are using DCA to increase your portfolio, no matter the price of bitcoin at that moment. I can still tell you that there is nobody that can learn everything about bitcoin because, because everyday the technology is been upgraded with new features and the old bitcoiners will also learn this new development.

This is why your should start investing early than waiting to have the majority knowledge of bitcoin before investing. I believe that this is the best way for a beginner to start his bitcoin journey because time waits for no one, the earlier that you start investing in bitcoin, the higher chances you have of increasing your bitcoin portfolio with time. It is better to be a lowcoiner with the basic knowledge of bitcoin than a nocoiner with all the knowledge of bitcoin.

[Winterfrost]

To invest one must take risk, without taking risk investment is never possible but we have to make sure that we are taking risk in right place or taking risk in wrong place. Taking risks in altcoins to have bitcoins is definitely foolish. 

As we have to invest through money, it is our responsibility to ensure maximum security of money. Bitcoin is safe and Bitcoin will definitely guarantee you money but altcoins will never guarantee you money. A Bitcoin investor has high hopes that his investment will never fail and he will never be promoted by investing in Bitcoin. Such belief of an investor towards Bitcoin is enough to invest in Bitcoin. Since we have knowledge, we have to put that knowledge to good use. Instead of depending on others, I have to find out by myself where my money will be safe as well as where my money will grow if I invest. When a person tries to use his knowledge to know these things, he can find the right investment medium and that must be Bitcoin.

Why do we even have to discuss altcoins here? In general, they are a risky investment in my opinion. The risk is high because only a few of them are genuinely profitable as investments. Have you ever heard of developers exiting a project and taking the money? That happens in altcoins but never in Bitcoin because Bitcoin's developers are anonymous and not moving their funds. I'm talking about Satoshi. These altcoins are just copies, riding on the popularity of Bitcoin. If you've witnessed and experienced a bull run, it's Bitcoin that's driving that bull market. Altcoins just benefit from it. So, if you want to be on the safer side, always choose Bitcoin over any other project.

Thank you for being a voice of reason. So many people are so reluctantly discussing about Bitcoin forgetting this is where Bitcoin should be discussed and any conversations should be directed to Bitcoin. As far as Bitcoin is concerned, it is the only legitimate cryptocurrency all other alternative currency are scams, Inexpensive, imitations, appealing to the praises of developers. Even in their widespread in various technologies and adaptation to AI that doesn't make them useful, worthy, or worth being taken seriously like Bitcoin. Bitcoin has maintained its technology consistently without any failure over the years since its origin. Don't get me wrong. I have am not against the evolution of Altcoins am here to bring us back to the topic at hand and share a fresh perspective.

Many things were said about Bitcoin years ago, even though I didn't have much knowledge about it, I didn't listen. I bought a small amount, but I sold it at a low point due to my lack of knowledge. Now, I continue to invest in Bitcoin by Dacing on a weekly basis, and I hold all for long because I have gained a better understanding of how it works. Sometimes you just have to take a chance.

[milewilda]

To invest one must take risk, without taking risk investment is never possible but we have to make sure that we are taking risk in right place or taking risk in wrong place. Taking risks in altcoins to have bitcoins is definitely foolish. 

As we have to invest through money, it is our responsibility to ensure maximum security of money. Bitcoin is safe and Bitcoin will definitely guarantee you money but altcoins will never guarantee you money. A Bitcoin investor has high hopes that his investment will never fail and he will never be promoted by investing in Bitcoin. Such belief of an investor towards Bitcoin is enough to invest in Bitcoin. Since we have knowledge, we have to put that knowledge to good use. Instead of depending on others, I have to find out by myself where my money will be safe as well as where my money will grow if I invest. When a person tries to use his knowledge to know these things, he can find the right investment medium and that must be Bitcoin.

Why do we even have to discuss altcoins here? In general, they are a risky investment in my opinion. The risk is high because only a few of them are genuinely profitable as investments. Have you ever heard of developers exiting a project and taking the money? That happens in altcoins but never in Bitcoin because Bitcoin's developers are anonymous and not moving their funds. I'm talking about Satoshi. These altcoins are just copies, riding on the popularity of Bitcoin. If you've witnessed and experienced a bull run, it's Bitcoin that's driving that bull market. Altcoins just benefit from it. So, if you want to be on the safer side, always choose Bitcoin over any other project.

Thank you for being a voice of reason. So many people are so reluctantly discussing about Bitcoin forgetting this is where Bitcoin should be discussed and any conversations should be directed to Bitcoin. As far as Bitcoin is concerned, it is the only legitimate cryptocurrency all other alternative currency are scams, Inexpensive, imitations, appealing to the praises of developers. Even in their widespread in various technologies and adaptation to AI that doesn't make them useful, worthy, or worth being taken seriously like Bitcoin. Bitcoin has maintained its technology consistently without any failure over the years since its origin. Don't get me wrong. I have am not against the evolution of Altcoins am here to bring us back to the topic at hand and share a fresh perspective.

Many things were said about Bitcoin years ago, even though I didn't have much knowledge about it, I didn't listen. I bought a small amount, but I sold it at a low point due to my lack of knowledge. Now, I continue to invest in Bitcoin by Dacing on a weekly basis, and I hold all for long because I have gained a better understanding of how it works. Sometimes you just have to take a chance.

Mistakes and bad decisions in life would really be that possible but doesnt mean that you wont really be able to changed up yourself for the better considering that mistakes would really be that a learning on which it would really be leading on something that will really be straighting things out that you had missed out earlier due to lack of knowledge and awareness of things. We do know that it isnt really that something that could be avoided since due to lack of knowledge, you would really be that committing those common mistakes and errors and this is something inevitable.The good thing on here is that you would really be making yourself that making some adjustment on which this is something that most common reaciton that you would be making.

We might be able to miss out those things earlier but doesnt mean that we cant really be able to caught up. If you do find yourself that been lacked of sufficient knowledge and awareness
on Bitcoin then it is really just that depending on you on how you would really be making out decisions on learning it up since every information could really be known
and be read up online.It is really just that a matter of effort and time that you would be spending.

[GbitG]

Where else, Bitcoin can be bought at any time and any price because it will definitely not run into loss forgetting the volatile nature price must surely bounce back and give good profits to Bitcoin owners only for those who is in for the long run

This is true, my mate. I agree with you that bitcoin can be bought at any time and at any price. But here, I will clarify your position a little so that people do not misunderstand. Bitcoin can be bought at any time and at any price, but this does not mean that you should buy bitcoin straight forward on top of your ATH when bitcoin has completed its bull cycle while you are on the way to the bear cycle. Then you bought bitcoin at the top and now take bitcoin, thinking that bitcoin will go over and give me a profit.

So, if someone means that bitcoin can be bought at any time, then I think it is not a wise standard that you buy bitcoin without research, without technical fundamental analysis, and blindly hope that it will now go up and give me a profit. All this does not work in the same way in the field of cryptocurrency, but by doing your own research with a complete plan, you can make yourself aware of all the necessary aspects of investment in Bitcoin, and then you can hope for the profit of investment in Bitcoin. Be otherwise; similarly, blindly investing or trusting blindly can give you nothing but loss.
I hope there is no mistake in my understanding.

[gunhell16]

To invest one must take risk, without taking risk investment is never possible but we have to make sure that we are taking risk in right place or taking risk in wrong place. Taking risks in altcoins to have bitcoins is definitely foolish.  

As we have to invest through money, it is our responsibility to ensure maximum security of money. Bitcoin is safe and Bitcoin will definitely guarantee you money but altcoins will never guarantee you money. A Bitcoin investor has high hopes that his investment will never fail and he will never be promoted by investing in Bitcoin. Such belief of an investor towards Bitcoin is enough to invest in Bitcoin. Since we have knowledge, we have to put that knowledge to good use. Instead of depending on others, I have to find out by myself where my money will be safe as well as where my money will grow if I invest. When a person tries to use his knowledge to know these things, he can find the right investment medium and that must be Bitcoin.

Why do we even have to discuss altcoins here? In general, they are a risky investment in my opinion. The risk is high because only a few of them are genuinely profitable as investments. Have you ever heard of developers exiting a project and taking the money? That happens in altcoins but never in Bitcoin because Bitcoin's developers are anonymous and not moving their funds. I'm talking about Satoshi. These altcoins are just copies, riding on the popularity of Bitcoin. If you've witnessed and experienced a bull run, it's Bitcoin that's driving that bull market. Altcoins just benefit from it. So, if you want to be on the safer side, always choose Bitcoin over any other project.

Thank you for being a voice of reason. So many people are so reluctantly discussing about Bitcoin forgetting this is where Bitcoin should be discussed and any conversations should be directed to Bitcoin. As far as Bitcoin is concerned, it is the only legitimate cryptocurrency all other alternative currency are scams, Inexpensive, imitations, appealing to the praises of developers. Even in their widespread in various technologies and adaptation to AI that doesn't make them useful, worthy, or worth being taken seriously like Bitcoin. Bitcoin has maintained its technology consistently without any failure over the years since its origin. Don't get me wrong. I have am not against the evolution of Altcoins am here to bring us back to the topic at hand and share a fresh perspective.

Many things were said about Bitcoin years ago, even though I didn't have much knowledge about it, I didn't listen. I bought a small amount, but I sold it at a low point due to my lack of knowledge. Now, I continue to invest in Bitcoin by Dacing on a weekly basis, and I hold all for long because I have gained a better understanding of how it works. Sometimes you just have to take a chance.

I think that as long as you know that the strategy you are taking is correct and that it helps you, just do it and keep doing it. Yes, it's true that altcoins have risks, but let's not forget that Bitcoin still has risks.

Sometimes this is also the mistake of most people here; they always say that the risk is high in altcoins. Why? is there a difference between high risk and low risk? For me, it makes no difference; they are still at the same risk. The difference is that we lack the information that is being said.

Yes, Bitcoin was proven and tested  when it comes to long-term matters. The question is, is Bitcoin the only proven and tested long-term investment in this field? what about the Ethereum, Bnb, Ltc, Doge, and others that are top-listed in the market are they proven and tested? Isn't that they also gave a lot of profit to al holders who believed in these altcoins?

[seanskie18]

That's sound advice for newcomers to the world of Bitcoin. It's true that you don't need to be an expert in the technical aspects of Bitcoin to start investing. Focusing on the basics, like how to securely buy and store your coins, is a smart first step. Understanding security measures is crucial to protect your investment. As you become more comfortable, you can delve deeper into the technical aspects of Bitcoin if you wish.

[JayJuanGee]

I think that as long as you know that the strategy you are taking is correct and that it helps you, just do it and keep doing it. Yes, it's true that altcoins have risks, but let's not forget that Bitcoin still has risks.

You are setting yourself up to be dumb, because your starting premise is that everything has risk, which is true.. but there still are needs to get into specifics regarding what are the kinds of risks and then what would be the measures in order to attempt to account for the risks.. .certain kinds of risks are more tolerable than others, but there is also individual variation including that sometimes people do not really understand what risks that they might be taking.. but you are here to explain that, right gunhell16?

Sometimes this is also the mistake of most people here; they always say that the risk is high in altcoins. Why?

Think rug pull risk.

is there a difference between high risk and low risk?

no there is no difference if you are just talk about the same thing but giving a higher number, but if you are comparing different categories, then you need to get into a bit more nuance in terms of assessing.. well that is if you want to waste your time assessing the various shitcoin risks... and it seems that you have not really done that very well gunhell16, especially since you seem to be inclined to set everything up as if it were the same and just a matter of degree.

For me, it makes no difference; they are still at the same risk.

Yes for you it is the same, which goes to show that you likely do not know shit.. especially if you are trying to lump bitcoin with shitcoins and saying that it is just a matter of degree.  sounds like a gambling fallacy.  go ahead and gamble and then act like you have assessed the risks adequately because all risk is just random anyhow, right?

The difference is that we lack the information that is being said.

Well, this part is true.  If you are comparing, then you have to get into some details regarding what you are describing and comparing in order to attempt to figure out what the differences are and what kinds of risks you are taking and if you can identify most if not all of the risks (you might not need to identify all of the risks) then you can figure out the extent to which you might want to protect against it or even if you are willing to get into investing into some kinds of projects that might have certain kinds of risks that might be considered as unacceptable.

Yes, Bitcoin was proven and tested  when it comes to long-term matters.

Time proven and tested is not the ONLY thing that makes bitcoin less risky than various shitcoins.. and probably how bitcoin is less risky than any particular shitcoin that you are wanting to mention would depend upon which one you are mentioning rather than just speaking in generalities.

The question is, is Bitcoin the only proven and tested long-term investment in this field? what about the Ethereum, Bnb, Ltc, Doge, and others that are top-listed in the market are they proven and tested? Isn't that they also gave a lot of profit to al holders who believed in these altcoins?

Good luck with that crap... you will likely need it.. especially if your ONLY measure regards the adequacy of "time-testedness" of various shitcoins as compared with bitcoin.

Another way of thinking about the matter is that shitcoins have a presumption of being a scam and/or shit as is in their description.  So if you believe that any of them are "good investments" then you need to make sure that they overcome the shitcoin presumption.  If you want to persuade anyone, then the burden is on you to show it, and I doubt that merely looking at how long their chart is would be enough in order to persuade very many people besides you and maybe a few other gambler wannabes... nothing wrong with gambling as long as you realize that you are doing it and watch your position size and perhaps your in and out considerations.. and if you are thinking them in terms of long term like bitcoin, then you are likely assuming too much. .even though position size might help you in regards to making sure that you are not buying too much of any shitcoin and diluting your BTC investment because you are wanting to gamble rather than investing.

[Mr.suevie]

Yes, Bitcoin was proven and tested  when it comes to long-term matters. The question is, is Bitcoin the only proven and tested long-term investment in this field? what about the Ethereum, Bnb, Ltc, Doge, and others that are top-listed in the market are they proven and tested? Isn't that they also gave a lot of profit to al holders who believed in these altcoins?

That's your own take on this but I think alot of people who have been greatly affected by altcoins syndrome will certainly disagree with you on this because  although the above mentioned coins have been around for some time but the fact still remains that these altcoins are nothing comparable to Bitcoin in terms of market trust and reliability. Let's take one of the so called popular coins that was a hit a few years back as an example LUNA the coin had a big stand and alot of skeptical person like yourself who actually believe this stability actually invested their money on this coin and the after effect and toll was shown as all these coins belong to a central entity and can be controlled and manipulated which gives them the lower hand when it comes to their stand in reliability in the crypto space.

[Sanitough]

To invest one must take risk, without taking risk investment is never possible but we have to make sure that we are taking risk in right place or taking risk in wrong place. Taking risks in altcoins to have bitcoins is definitely foolish. 

As we have to invest through money, it is our responsibility to ensure maximum security of money. Bitcoin is safe and Bitcoin will definitely guarantee you money but altcoins will never guarantee you money. A Bitcoin investor has high hopes that his investment will never fail and he will never be promoted by investing in Bitcoin. Such belief of an investor towards Bitcoin is enough to invest in Bitcoin. Since we have knowledge, we have to put that knowledge to good use. Instead of depending on others, I have to find out by myself where my money will be safe as well as where my money will grow if I invest. When a person tries to use his knowledge to know these things, he can find the right investment medium and that must be Bitcoin.

Why do we even have to discuss altcoins here? In general, they are a risky investment in my opinion. The risk is high because only a few of them are genuinely profitable as investments. Have you ever heard of developers exiting a project and taking the money? That happens in altcoins but never in Bitcoin because Bitcoin's developers are anonymous and not moving their funds. I'm talking about Satoshi. These altcoins are just copies, riding on the popularity of Bitcoin. If you've witnessed and experienced a bull run, it's Bitcoin that's driving that bull market. Altcoins just benefit from it. So, if you want to be on the safer side, always choose Bitcoin over any other project.

Thank you for being a voice of reason. So many people are so reluctantly discussing about Bitcoin forgetting this is where Bitcoin should be discussed and any conversations should be directed to Bitcoin. As far as Bitcoin is concerned, it is the only legitimate cryptocurrency all other alternative currency are scams, Inexpensive, imitations, appealing to the praises of developers. Even in their widespread in various technologies and adaptation to AI that doesn't make them useful, worthy, or worth being taken seriously like Bitcoin. Bitcoin has maintained its technology consistently without any failure over the years since its origin. Don't get me wrong. I have am not against the evolution of Altcoins am here to bring us back to the topic at hand and share a fresh perspective.

Many things were said about Bitcoin years ago, even though I didn't have much knowledge about it, I didn't listen. I bought a small amount, but I sold it at a low point due to my lack of knowledge. Now, I continue to invest in Bitcoin by Dacing on a weekly basis, and I hold all for long because I have gained a better understanding of how it works. Sometimes you just have to take a chance.

Good for you! You're on the right path by investing in Bitcoin. It has a track record of being the powerhouse in the market. We refer to this market as the cryptocurrency space, and that includes altcoins too.

But remember, without Bitcoin, there wouldn't even be something called altcoins. They're essentially 'alternative coins' for a reason. In reality, there might not even be a need for these alternatives since Bitcoin is doing just fine with its intended purpose. So, yeah, tread carefully with altcoins; they can eat into your cash.

[Blitzboy]

`

Mistakes and bad decisions in life would really be that possible but doesnt mean that you wont really be able to changed up yourself for the better considering that mistakes would really be that a learning on which it would really be leading on something that will really be straighting things out that you had missed out earlier due to lack of knowledge and awareness of things. We do know that it isnt really that something that could be avoided since due to lack of knowledge, you would really be that committing those common mistakes and errors and this is something inevitable.The good thing on here is that you would really be making yourself that making some adjustment on which this is something that most common reaciton that you would be making.

We might be able to miss out those things earlier but doesnt mean that we cant really be able to caught up. If you do find yourself that been lacked of sufficient knowledge and awareness
on Bitcoin then it is really just that depending on you on how you would really be making out decisions on learning it up since every information could really be known
and be read up online.It is really just that a matter of effort and time that you would be spending.

Your comment stands a universal truth: humans make mistakes owing to their limits, especially in unfamiliar fields like Bitcoin and crypto. Understand that ignorance causes most mistakes. Does this lack absolve us of our actions? No. Cryptocurrencies are complex and dangerous. Every Bitcoin fact is a click away.

Overthinking previous mistakes won't change the present. Edify yourself instead by dedicating time and effort. Bitcoin and its foundations aren't just financial tools; they demonstrate human creativity and tenacity. When you complain about missed opportunities or a lack of comprehension, ask yourself if you've exhausted all avenues to learn? Or have you only skimmed the surface, hoping for enlightenment?

[Agbe]

@gunhell16, it is the risk in investment an businesses make people to be conscious about investment and business proper. If there was no risk everyone would be a negligent to their investment but because of the risk we have to be consciously doing and planning things very well. The risk in altcoins are not high, because they are much more stable than bitcoin. Fear on altcoins is the collapse in anytime. Just like some altcoins in the past which have collapsed and people funds also lost as well.  And that is one the major fear in altcoins.

[Viscore]

Yes, Bitcoin was proven and tested  when it comes to long-term matters. The question is, is Bitcoin the only proven and tested long-term investment in this field? what about the Ethereum, Bnb, Ltc, Doge, and others that are top-listed in the market are they proven and tested? Isn't that they also gave a lot of profit to al holders who believed in these altcoins?

That's your own take on this but I think alot of people who have been greatly affected by altcoins syndrome will certainly disagree with you on this because  although the above mentioned coins have been around for some time but the fact still remains that these altcoins are nothing comparable to Bitcoin in terms of market trust and reliability. Let's take one of the so called popular coins that was a hit a few years back as an example LUNA the coin had a big stand and alot of skeptical person like yourself who actually believe this stability actually invested their money on this coin and the after effect and toll was shown as all these coins belong to a central entity and can be controlled and manipulated which gives them the lower hand when it comes to their stand in reliability in the crypto space.

We can't deny that some altcoins have brought substantial profits to their investors, but when compared to Bitcoin, they can be riskier, even though Bitcoin remains relatively stable despite its occasional volatility. It ultimately boils down to personal choice, but we're here to talk about long-term investments that we can simply hold without the need for constant monitoring, as long as our Bitcoin is securely stored in our wallet.

The thing with altcoins is that there are some risks involved, and based on my personal observations, here are a couple to consider:

1-Developers: If the developers abandon a project, the price usually takes a hit. If you're not keeping a close eye on this, you might end up losing your investment. This has happened before, and it could happen again, turning you from a hero to zero.

1-Network Shift: I've experienced this myself when some of my Ethereum tokens switched to a different network without me realizing. I was just holding them in my wallet, and to make things worse, they imposed a deadline for swapping to a new coin; otherwise, your holdings become worthless.

These are just a few of the things to keep in mind when investing in altcoins. With Bitcoin, you can sit pretty, as it will remain Bitcoin, even 50 years from now.

[Ndabagi01]

To invest one must take risk, without taking risk investment is never possible but we have to make sure that we are taking risk in right place or taking risk in wrong place. Taking risks in altcoins to have bitcoins is definitely foolish. 

As we have to invest through money, it is our responsibility to ensure maximum security of money. Bitcoin is safe and Bitcoin will definitely guarantee you money but altcoins will never guarantee you money. A Bitcoin investor has high hopes that his investment will never fail and he will never be promoted by investing in Bitcoin. Such belief of an investor towards Bitcoin is enough to invest in Bitcoin. Since we have knowledge, we have to put that knowledge to good use. Instead of depending on others, I have to find out by myself where my money will be safe as well as where my money will grow if I invest. When a person tries to use his knowledge to know these things, he can find the right investment medium and that must be Bitcoin.

Taking risks is not the issue; what is important is that you take risks that are worthy of being taken, rather than risks that have no future or whose future is uncertain. When we talk about cryptocurrencies and include altcoins, you'll see that from the start of cryptocurrencies, only altcoins have fled the market multiple times due to market volatility. If it is about strength and a solid investment, it should be bitcoin because no other altcoin would exist today and would not have been compromised if bitcoin was still standing.

Most are simply hiding behind the plumage of bitcoin and can only utilise bitcoin as their reserve currency if things do not go good for them in the long run. Do you still need to be convinced that anltcoins are just high-risk, gamble investments after all of this? You'll never know the direction of these coins, but most of them will lose their value and their holders or investors or trades will lose all of their investments in them.

[red4slash]

@gunhell16, it is the risk in investment an businesses make people to be conscious about investment and business proper. If there was no risk everyone would be a negligent to their investment but because of the risk we have to be consciously doing and planning things very well. The risk in altcoins are not high, because they are much more stable than bitcoin. Fear on altcoins is the collapse in anytime. Just like some altcoins in the past which have collapsed and people funds also lost as well.  And that is one the major fear in altcoins.

Yes, maybe some people wouldn't think of something like this, like what you said about people being negligent if there is no risk. I won't talk about others, but this is my personal experience. Even though this has nothing to do with investing, there is nothing wrong with this as a lesson in investing. I once did something that I thought was careless, because I thought it was no risk at all. Even though I didn't lose anything because of my negligence, it still took away something that was supposed to be good for me.
Now, I apply it to something I do, which is investing, and now I never neglect anything even if it doesn't have a big risk.

[xzy887]

I love bitcoin hodling as well as trying to learn bitcoin. Because this is my own theoretical practice. When I learn something new about bitcoin and try to apply it to my hodling e. I can also do hodling and learn about Bitcoin. Do you think my way is right?
If you have a better way, please suggest me.

[Furious 7]

@gunhell16, it is the risk in investment an businesses make people to be conscious about investment and business proper. If there was no risk everyone would be a negligent to their investment but because of the risk we have to be consciously doing and planning things very well. The risk in altcoins are not high, because they are much more stable than bitcoin. Fear on altcoins is the collapse in anytime. Just like some altcoins in the past which have collapsed and people funds also lost as well.  And that is one the major fear in altcoins.

Actually, when talking about risk, all forms of actions that we take all have risks as well as the business or investment that is done.
Risks like this cannot be avoided because it is like a chain that cannot be interrupted in a process because when we want to make a decision we must know the consequences we have and when we are in investment then we must be aware that the risk of loss and something that is not wanted must exist. This is not to be feared but we are required if we really want good results then we must try to fight the risks we have or at least minimize so that the results we do are in accordance with our previous expectations.
bitcoin is a place of fixed risk in this case it depends on you putting yourself whether you just want to avoid it without doing anything or trying to face the risk because our goal is behind the risk we have to go through at this time.

[dunfida]

@gunhell16, it is the risk in investment an businesses make people to be conscious about investment and business proper. If there was no risk everyone would be a negligent to their investment but because of the risk we have to be consciously doing and planning things very well. The risk in altcoins are not high, because they are much more stable than bitcoin. Fear on altcoins is the collapse in anytime. Just like some altcoins in the past which have collapsed and people funds also lost as well.  And that is one the major fear in altcoins.

Actually, when talking about risk, all forms of actions that we take all have risks as well as the business or investment that is done.
Risks like this cannot be avoided because it is like a chain that cannot be interrupted in a process because when we want to make a decision we must know the consequences we have and when we are in investment then we must be aware that the risk of loss and something that is not wanted must exist. This is not to be feared but we are required if we really want good results then we must try to fight the risks we have or at least minimize so that the results we do are in accordance with our previous expectations.
bitcoin is a place of fixed risk in this case it depends on you putting yourself whether you just want to avoid it without doing anything or trying to face the risk because our goal is behind the risk we have to go through at this time.

Even on the simplest decisions made in life would really be imposing such risks and this is something that you should really be wary about and this is why it is really that important that you should really be knowing on what are the things needs to be done first before you would really be making out such decision or tending to dive on things. Knowledge is power as we do say because on the time that you've been wary on how things works then you do have already that idea on what you should gonna do but of course those knowledge could really be acquired through real experience on which we know that this isnt something that could really be acquired so easily.
On the time that you would really be making yourself that dealing up with something then knowledge could be acquired which means that on the time that you do decide some
holding then you do already have the idea on what you should gonna do.

It would really be normal that actions would really be basing up on the knowledge that you had gained. It isnt something that you could really be assure of about talking about success
but at least you do already have that idea on what are the steps that needing to be done.

[Learn Bitcoin]

I love bitcoin hodling as well as trying to learn bitcoin. Because this is my own theoretical practice. When I learn something new about bitcoin and try to apply it to my hodling e. I can also do hodling and learn about Bitcoin. Do you think my way is right?
If you have a better way, please suggest me.

I am not sure what you can do with your holding by learning new things about bitcoin except to secure it more. Once you learn something new about bitcoin, you have to do transactions to test those features. Your holding has nothing to do with it. But you can secure your wallet where you are holding your Bitcoin. For example, suppose you were holding your Bitcoin in exchanges but you learned that they don't give yo full access to your Bitcoin. So you decided to choose a new wallet that gives you your private key and you moved your Bitcoin out of exchange. That's what you can do to secure your holdings. I am unsure if you can apply anything else to your holding learning new things.

[DanWalker]

@gunhell16, it is the risk in investment an businesses make people to be conscious about investment and business proper. If there was no risk everyone would be a negligent to their investment but because of the risk we have to be consciously doing and planning things very well. The risk in altcoins are not high, because they are much more stable than bitcoin. Fear on altcoins is the collapse in anytime. Just like some altcoins in the past which have collapsed and people funds also lost as well.  And that is one the major fear in altcoins.

Are you sure about this or is this just a mistake? Because I think the opposite is more accurate, the risk of altcoins is extremely high and their volatility is also much greater than bitcoin. People are afraid of altcoins because they are too risky and can collapse at any time. When talking about altcoins, even topcoins are uncertain, they are all completely different from bitcoin.

Risk always exists around us and I believe everyone is aware of that, but because of greed, they forget about risk for a moment and end up paying a very expensive price for their greed.

[DabsPoorVersion]

I love bitcoin hodling as well as trying to learn bitcoin. Because this is my own theoretical practice. When I learn something new about bitcoin and try to apply it to my hodling e. I can also do hodling and learn about Bitcoin. Do you think my way is right?
If you have a better way, please suggest me.

I am not sure what you can do with your holding by learning new things about bitcoin except to secure it more. Once you learn something new about bitcoin, you have to do transactions to test those features. Your holding has nothing to do with it. But you can secure your wallet where you are holding your Bitcoin. For example, suppose you were holding your Bitcoin in exchanges but you learned that they don't give yo full access to your Bitcoin. So you decided to choose a new wallet that gives you your private key and you moved your Bitcoin out of exchange. That's what you can do to secure your holdings. I am unsure if you can apply anything else to your holding learning new things.

Maybe @xzy887 is referring to what he could possibly do more about his Bitcoin holding.
Not specific but I guess when he said, "Try to apply it to my holding", it was about trying new things, like making an extra income using his holdings. Possibly about staking or trading while he continues to hold and learn about Bitcoin.

[Agbe]

@gunhell16, it is the risk in investment an businesses make people to be conscious about investment and business proper. If there was no risk everyone would be a negligent to their investment but because of the risk we have to be consciously doing and planning things very well. The risk in altcoins are not high, because they are much more stable than bitcoin. Fear on altcoins is the collapse in anytime. Just like some altcoins in the past which have collapsed and people funds also lost as well.  And that is one the major fear in altcoins.

Are you sure about this or is this just a mistake? Because I think the opposite is more accurate, the risk of altcoins is extremely high and their volatility is also much greater than bitcoin. People are afraid of altcoins because they are too risky and can collapse at any time. When talking about altcoins, even topcoins are uncertain, they are all completely different from bitcoin.

Risk always exists around us and I believe everyone is aware of that, but because of greed, they forget about risk for a moment and end up paying a very expensive price for their greed.

I believed people are afraid on bitcoin because of the price movement and not any other thing, volatile nature of bitcoin make it risk for people to invest but in altcoins, me personally I am afraid of their collapse and not because of their volatile. There some time bitcoin price would $25k to $27k movement of horizontal and vertical line price but when you look at Eth, and others they would be in one place for some time and that was why I said so. And again I don't think anyone here is afraid of bitcoin collapse but they are in the neighbouring Coins. I don't know how you understand me. The risk here I am talking about is the collapse of the project and not the volatility.