Knowledge vs hodlings

[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.

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[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]

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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]

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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.