Buy Buy Buy or Sell Sell Sell?

[ruykeri]

A person does not need much knowledge to start investing in Bitcoin, only if he can acquire common sense then he can start investing. Common sense does not say that one needs to know much except that they are able to calculate discretionary income or not. If a person is able to find discretionary income then he can definitely start investing and at the same time continue to gain knowledge.

Moving forward in parallel is the best decision. For example, the first step is to start investing and after starting investing, continue to gain knowledge. Moving forward in parallel and simultaneously taking the necessary steps for investment. Whenever you wait for gaining knowledge, you may miss out on many buying opportunities etc.

I mostly agree with your main point that a new person does not need to study for years and become an expert in Bitcoin before investing their first $10 or $20. But I disagree with the idea that waiting to gain knowledge will miss buying opportunities. We understand which price is a great buying opportunity more clearly later. Today, someone may think $100k is cheap, but it may decrease even more later. Again, if $100k becomes $140k, then the current price will seem low. A good reason to start is not the fear of missing the perfect price, but to avoid having to be a coiner for a long time or wasting a lot of time waiting for the perfect preparation. Therefore, if you have the ability, you should start investing even with a small amount.

[Umulala-alala]

A person does not need much knowledge to start investing in Bitcoin, only if he can acquire common sense then he can start investing. Common sense does not say that one needs to know much except that they are able to calculate discretionary income or not. If a person is able to find discretionary income then he can definitely start investing and at the same time continue to gain knowledge.

Moving forward in parallel is the best decision. For example, the first step is to start investing and after starting investing, continue to gain knowledge. Moving forward in parallel and simultaneously taking the necessary steps for investment. Whenever you wait for gaining knowledge, you may miss out on many buying opportunities etc.

I mostly agree with your main point that a new person does not need to study for years and become an expert in Bitcoin before investing their first $10 or $20. But I disagree with the idea that waiting to gain knowledge will miss buying opportunities. We understand which price is a great buying opportunity more clearly later. Today, someone may think $100k is cheap, but it may decrease even more later. Again, if $100k becomes $140k, then the current price will seem low. A good reason to start is not the fear of missing the perfect price, but to avoid having to be a coiner for a long time or wasting a lot of time waiting for the perfect preparation. Therefore, if you have the ability, you should start investing even with a small amount.

Your comment is very confusing and also contradicting, you don't need to be waiting to gain more knowledge or to study more about bitcoin investment before you can start buying bitcoin doing this you are just delaying your investment and also missing some good buying opportunity this thing has made some persons to be a no coiner today, start buying bitcoin if your discretionary income is with you ready and available then you can gradually start buying bitcoin, with the dca strategy you can buy bitcoin every weeks or months and hodl for 4-10 years and above.

[samadam007]

Those who are in financial crisis just sell a small part after their living expenses and invest from it. For them, staying invested is like a big fight. Still, they are investing because they know that this may be a profit opportunity in the future, Bitcoin may also bring them profit. I only think of those who have enough money to invest in Bitcoin but they are not investing, due to some reason or the other, or they just want to understand if Bitcoin is really capable of making profit, they are holding back from investing because of this kind of thinking, and when they see others making profit, they really regret it. In my opinion, every person should have an investment in their life that no one else knows about. And as that investment, Bitcoin can be the best investment

You need to be careful with the kind of advice you drop on here so folks don’t get misled easily. If investor keeps selling part of their Bitcoin every time challenges comes up, tell me how they’re supposed to build a good position over time?.  You can’t turn that to habit whenever life gets difficult and still expect that position to grow meaningfully over the years. Never!

A sustainable long term plan is the only way to avoid being in situations like that; you need to build your financial foundation along side your Bitcoin position. Keep enough cash for emergencies and basic needs so you don’t start start tampering with your portfolio anyhow.

[Soldroplet]

A person does not need much knowledge to start investing in Bitcoin, only if he can acquire common sense then he can start investing. Common sense does not say that one needs to know much except that they are able to calculate discretionary income or not. If a person is able to find discretionary income then he can definitely start investing and at the same time continue to gain knowledge.

Moving forward in parallel is the best decision. For example, the first step is to start investing and after starting investing, continue to gain knowledge. Moving forward in parallel and simultaneously taking the necessary steps for investment. Whenever you wait for gaining knowledge, you may miss out on many buying opportunities etc.

I mostly agree with your main point that a new person does not need to study for years and become an expert in Bitcoin before investing their first $10 or $20. But I disagree with the idea that waiting to gain knowledge will miss buying opportunities. We understand which price is a great buying opportunity more clearly later. Today, someone may think $100k is cheap, but it may decrease even more later. Again, if $100k becomes $140k, then the current price will seem low. A good reason to start is not the fear of missing the perfect price, but to avoid having to be a coiner for a long time or wasting a lot of time waiting for the perfect preparation. Therefore, if you have the ability, you should start investing even with a small amount.

I agree with your main point that you don't need to be an expert for years before starting Bitcoin and that anyone can start accumulating Bitcoin with a small amount if they want. However, I see the issue of "missing the opportunity" a little differently. In my opinion, we cannot say for sure whether the current price of Bitcoin will be cheap or expensive compared to the future. Therefore, the main goal should not be to find the best price, but to create a Bitcoin accumulation system that can be realistically continued in the long term according to your cashflow, discretionary income and backup funds.
Even if someone has a small amount of extra money, they can start investing with a small amount; it is not mandatory to have great knowledge when starting. It is possible to gradually learn about Bitcoin and improve your financial management along with investing. That is, learning will continue, but there is no need to completely postpone accumulation to learn. For example, a person has not yet started investing in Bitcoin, having gained knowledge about investing, while his friend has accumulated more wealth than him by gaining knowledge as well as investing.

[Sulegzy39]

Cryptocurrency needs to be seen by investors as a savings tool instead of a profit generator. Because thinking about profit can sometimes lead to greed when the price is high. But, yes, Bitcoin has the potential to be profitable. But I disagree with your assertion that simply because someone does not acquire Bitcoin, their financial status will remain unchanged or would fall behind in the future. Without purchasing Bitcoin, a person can boost their income, pay off debt, start a business, or save for other purposes.

Once again, if an individual purchases Bitcoin and then spends the money, takes an excessive position, or is forced to sell in the middle, their financial status will not improve simply because they purchased Bitcoin. There are already many convincing reasons in favour of Bitcoin, therefore there is no need to claim that the future is assured while presenting a case for it. Instead, I will say this: if you have discretionary income once all the hardships are satisfied and you think Bitcoin to be a great asset in the long run, then just the absolute entry price It could be more sensible to gradually cement your own opinion instead of just sitting about hoping.

[Frankolala]

But I disagree with the idea that waiting to gain knowledge will miss buying opportunities. We understand which price is a great buying opportunity more clearly later. Today, someone may think $100k is cheap, but it may decrease even more later. Again, if $100k becomes $140k, then the current price will seem low. A good reason to start is not the fear of missing the perfect price, but to avoid having to be a coiner for a long time or wasting a lot of time waiting for the perfect preparation. Therefore, if you have the ability, you should start investing even with a small amount.

You don't understand the statement 'miss opportunities in the market' what it simply mean is that, the time that you're busy waiting, you should be using it to accumulate bitcoin and keep increasing your portfolio overtime to a good size instead, of waiting and staying a low coiner. Don't also forget that bitcoin price increases overtime and the price wouldn't wait for you just because you choose to wait. Those who bought bitcoin in the last two circles bought bitcoin way cheaper than now.

Waiting will steal the opportunities presented to you in the market. There's no perfect time in the market.