Buy Buy Buy or Sell Sell Sell?

[avp2306]

Again, hopefully no one is fucking around with shitcoins.

You are right JJG since this is a Bitcoin discussion thread the term crypto in this thread can be misleading for there are other thread in the forum where one can easily discuss about crypto but in this thread one is likely to be specific when trying to discribe the type of coins he or she is referring to for more understanding in other not to mislead those that that doesn't know much difference between Bitcoin and shitcoins, trading in shitcoins can be very much risky because they are very much unreliable.

Hopefully people will differentiate bitcoin and crypto so if they always include bitcoin on whole circulation then provably that it will create confusion to newbies especially there are lots of shitcoins out there claiming to be the next bitcoin. So if they leave a mark by calling bitcoin as that thing then provably they might believe on those shitcoins then get scammed with it.

Being specific on important things will create good decision making towards selecting the best coin for them and for sure they would always think about bitcoin first rather than paying attention on those scam shitcoins. They would really experience to get fucked up by shitcoins if they push to acquire those token and believe that high risk high reward thing. Since those word statement is just a trap since many scams will just confused them.

[Marvelockg]

The decision to share a seed phrase with someone is entirely personal to that person if their family has reliable descendants to provide them with that seed phrase. There are many elderly people in the world who have no one to care for them in their final days, even if they have a lot of money. In fact, this happens as a result of social values ​​and family breakdown. If it is the case that a person has a large number of bitcoins in his portfolio but does not get a chance to pass them on due to the lack of a proper successor, then you can call him a loss rather than a waste, even though if he had a family of his own he could have served them.

If that person intentionally doesn't share his seed phrase with anyone, you can call him a waste. If he was a great person, he could have donated the bitcoins he had accumulated in return for a lot of hard work to an orphanage or some other service organization.

I dont really like the bolded sentence in your comment. Just because an investor is dying and he has no one to pass on his portfolio, he then has to prove that he is a great man by giving out his Bitcoins to a charity organization. Trust me, he has nothing to prove to anyone of being great or not. This is something he worked hard for, it took him dedication, stress, commitment, and sweat. He can choose to let the investment go null once he departs based on the fact that not even a charity organization will keep the money for the children. Rather they will share it within the board, even in his departure his lawyer can decide to take it himself.

In the end, it's in his position to choose what he wants to do with it. To give it out, let it waste or anything. Fuck proving to be a great man.

I won't even entrust my bitcoin to any charity home if in the eventuality of things that I don't have someone to inherit my bitcoin at my old age. Instead of me giving up my bitcoin to people I don't really know if they will utilise the funds they way I would have intended in my absence. I will donate it to the forum. Because I understand that here is were bitcoin is better understood and appreciated. People here know what bitcoin is all about and it will be properly managed here, and it will be in safe hands. People should stop giving out bitcoin to individuals and organisations that don't appreciate what bitcoin is all about, because they will sell it off and squander the money. But if we donate bitcoin to places where it is appreciated like the this forum, it will be preserved and utilize for the right course in advancement of the forum and enhance further research about bitcoin development in the future.

At the end of the day, everyone has his or her plan as to what he dims right to be done with his Bitcoin in instances as this and wether you choose to give it out for a charitable course or give it to those that her in the Bitcoin ecosystem as a way of supporting the network, it is your decision and yours alone to make and there's absolutely no better ways of doing it.

Rather than spending all day long emphasizing on what to do at the point you're almost exiting the world, isn't it best to focuse on how to be more productive at the time you're in your prime and enjoy the didvend of your Bitcoin stack while you yet alive?

If I have the interest of supporting people and getting them to benefit from Bitcoin, I would rather introduce to Bitcoin and educate them on the importance of investing in Bitcoin so they wouldn't have to wait for me to send in my Bitcoin to them when I'm getting old. If I do so and they squander it all the next day, who looses? All what I've held because of how precious I took it to be will all be gone because I left it in the hands of one that couldn't manage it well.

[SuperBitMan]

Again, hopefully no one is fucking around with shitcoins.

You are right JJG since this is a Bitcoin discussion thread the term crypto in this thread can be misleading for there are other thread in the forum where one can easily discuss about crypto but in this thread one is likely to be specific when trying to discribe the type of coins he or she is referring to for more understanding in other not to mislead those that that doesn't know much difference between Bitcoin and shitcoins, trading in shitcoins can be very much risky because they are very much unreliable.

Some people here just want to mislead some newbies in this forum by constantly bring up shitcoin talk in a thread met for Bitcoin discussion, no Old member in this forum will tell me he or she don't know shitcoin is a scam and has made some people broken before, some people has testified in this forum how they lost money in shitcoins so I see no reason why people should bring up shitcoin support discussion in this forum again.
Some people will always say he or she has made huge amount of money through shitcoins in past years but they won't tell people how they have been losing huge amounts of money after there first win, only if they can state how much they have gain through shitcoins and how much they have lost through it too you will find out they really didn't gain anything investing in shitcoins for years rather they have been the ones losing.
Some people who knows about Bitcoin still involve there selves in shitcoin investment and the reason why this always happens is because they lack patience they feel they can make quick money by investing in shitcoins for them it grows quick and fall quick too so for them when it grows sell and make there gain but sometimes they lose there money because the coin those not grow at all and they keep waiting for it to grow without it growing and they end up losing there money, shitcoins should be avoided so as not to regret in the future Because no good thing will come out of it at the end.

[Pi-network314159]

Snip

I doubt if I want to be a Jesus.
There's someone we can trust with our keys in case of the inevitable and I'm quite curious how individuals that wouldn't leave access to their private key still hold.
I hold for the future ,if I don't enjoy it
Someone I know would and that's a relief
I'm curious how individuals that might loss everything after death feel about Holding?
Or is their stash reduced by the years.
Or take the gamble of if they alive till old age they would love to go in a bang as and if not
Well, They at least tried.

That’s exactly why it’s up to you - it’s your asset, so you need to find a way to keep it safe and possibly pass it on to your kids or siblings in the future. If we educate ourselves on how to properly safeguard our wallets, there won’t be any issues later on.

There’s plenty of information available online on how to secure your hard wallet, so it’s definitely worth reading up on those resources.
Crypto wallets, explained

Hopefully no one is holding crypto.. that would be dumb.

Yeah actually that would be a dumb idea, but You wouldn't say that no one is HODLing cryoto@jayjuanGee, just say for yourself and not for others because not everyone has thesame goal and aim as you. I believe most newbies are still HODLing onto crypto hoping for a great result because of the inability to spot the difference between a potential coin like bitcoin from other shitcoins. Morover I don't see any correlation between your reply and the comment of @stadus. I expect you to explain more to that reply for clarity for those who are looking upto you and your kind of explanation. I as well love reading your post expecially with detail meaning and proof of explanation. Lolz

Shitcoin are dumb in as much as I am concerned, In which ever way or forms they come. There are times when we think we are saying something right but end up indirectly supporting what is wrong. I am on the notion that anything aside bitcoin investment is dumb. I have witnessed and expirenced the wrath of shitcoin and have decided to stick to bitcoin and wouldn't like to involved in shitcoin conversation. Despite I am finding it hard This days to invest because of no work but I still have the passion to invest in bitcoin. That's why my anthem is Bitcoin or nothing more.

[Ryu_Ar1]

Learnt today that there are individuals that know nothing about Bitcoin but have been holding since 2020
Came across one today and was quite shocked.
Guess knowledge isn't the biggest decider of who holds or trades.

What kind of ridiculousness is that, not knowing bitcoin but holding it since 2020? Is it not a strange thing when they don't know anything including the basis of what bitcoin is but holding it since 2020.

Although I feel that in the end what he did was very appropriate by being in bitcoin but in the end saying that knowledge is not a determinant is a mistake because in the end knowledge is still very important and we will know it (in this case bitcoin) only by studying it so what's the point when you don't know about bitcoin but are in bitcoin for a long time especially from the collection made from purchases that use money of course.

Although it is possible that this exists but I think this is ridiculous because someone who has a thought will definitely do carefully and with planning before doing something and there is no way they buy bitcoin without knowing what bitcoin is because they will not be able to do it without knowing what bitcoin is before.

[Ambatman]

Learnt today that there are individuals that know nothing about Bitcoin but have been holding since 2020
Came across one today and was quite shocked.
Guess knowledge isn't the biggest decider of who holds or trades.

What kind of ridiculousness is that, not knowing bitcoin but holding it since 2020? Is it not a strange thing when they don't know anything including the basis of what bitcoin is but holding it since 2020.

Same ridiculousness of someone holding a shitcoin because they were promised it would rise
Instead he lucked out in choosing Bitcoin.
The Essence is the amount of knowledge one owns about Bitcoin doesn't define it they would be an Holder.
He held since then and don't usually check
The last time he said he did was last year and it was already times 3.
He plans on holding longer like a form of backup in life.

[Ruttoshi]

Learnt today that there are individuals that know nothing about Bitcoin but have been holding since 2020
Came across one today and was quite shocked.
Guess knowledge isn't the biggest decider of who holds or trades.

What kind of ridiculousness is that, not knowing bitcoin but holding it since 2020? Is it not a strange thing when they don't know anything including the basis of what bitcoin is but holding it since 2020.

Same ridiculousness of someone holding a shitcoin because they were promised it would rise
Instead he lucked out in choosing Bitcoin.
The Essence is the amount of knowledge one owns about Bitcoin doesn't define it they would be an Holder.
He held since then and don't usually check
The last time he said he did was last year and it was already times 3.
He plans on holding longer like a form of backup in life.

I think that is a dumb way to check your bitcoin investment because if his wallet gets compromise how will he know that his bitcoin is missing from his wallet. An investment is what we monitor and check from time to time to make sure that everything is gong as planned and there should also be time to reevaluate your bitcoin investment.

I thought that the more our bitcoin stash increases should be the more an investor should have the zeal and passion to learn more about what he is investing into. Maybe the person you are talking about Ambatman only lump sum once and thought that is the best way to invest in bitcoin. Unknown to him that he should continue growing is bitcoin portfolio overtime buy increasing the size from tie to time, if he is only concerned about lump sum as that will put him in a better position in future than buying only once and didn't buy again because it is not just having bitcoin but the size of your portfolio matters a lot.

This is the reason why you see that JJG is always hitting the word of keep increasing your bitcoin portfolio continuously overtime, because I don't know what level his bitcoin portfolio is. since those investors that already have more than enough bitcoin are still buying when there is an opportunity for them, investors like MicroStrategy who I read that If he buys the amount of bitcoin that he is planning to buy, his bitcoin hodlings will be higher than that of Blackrock.

New investors shouldn't stop buying but stay more focus on buying always with DCA and mix it with lump sum if you are opportune because bitcoin price i still appreciating in value just like other valuable asset does overtime.

[Raflesia]

Rather than spending all day long emphasizing on what to do at the point you're almost exiting the world, isn't it best to focuse on how to be more productive at the time you're in your prime and enjoy the didvend of your Bitcoin stack while you yet alive?

If I have the interest of supporting people and getting them to benefit from Bitcoin, I would rather introduce to Bitcoin and educate them on the importance of investing in Bitcoin so they wouldn't have to wait for me to send in my Bitcoin to them when I'm getting old. If I do so and they squander it all the next day, who looses? All what I've held because of how precious I took it to be will all be gone because I left it in the hands of one that couldn't manage it well.

I am still of the view that in the end everyone can do whatever they want regardless of whether they will share their seed with the closest person or not it goes back to their respective perspectives and I will not correct your choice by enjoying the results of the bitcoin pile that you have later because that is your business but we must remember that no one can predict the arrival of death so in the end we do not know death will come and how can we do to enjoy it when you do not know when it will come, in other conditions, when indeed your goal has indeed arrived and wants to spend a pile of bitcoins on the grounds of enjoying life in your golden age whether in the end it is in accordance with the expectations that you aspire to when just starting to be in bitcoin because in the end this must also be questioned to yourself do not let when you spend your bitcoin you regret it after spending it.

For the problem of sharing bitcoin with the closest person with the concept as an inheritance it will also not be something bad especially when we already have a family and responsibilities such as wife and children, as for when in the end they cannot adjust as you did in bitcoin before it is not your fault and bitcoin will also not lose its value, it's just that your family cannot utilize it properly but it is also not to blame because in the end when the bitcoin you have is given it means it is not yours and you cannot intervene in what happens afterwards.

[Rabata]

Learnt today that there are individuals that know nothing about Bitcoin but have been holding since 2020
Came across one today and was quite shocked.
Guess knowledge isn't the biggest decider of who holds or trades.

What kind of ridiculousness is that, not knowing bitcoin but holding it since 2020? Is it not a strange thing when they don't know anything including the basis of what bitcoin is but holding it since 2020.

This is naturally difficult to do because someone who doesn't know about bitcoins then how to hold them. How can he hold bitcoins if he doesn't have the necessary wallet knowledge to hold bitcoins? But it is also possible that someone helped him in this matter since then he has been holding Bitcoin. But there is also a problem that in 2021 when there is a big bull market in Bitcoin, if anyone knew about Bitcoin then it would not be possible for them all to hold Bitcoin. Because not everyone can be a holder of Bitcoin. Maybe he was able to hold those bitcoins by luck or some other reason but that is a rare occurrence.

[Promocodeudo]

Those who left huge stash of Bitcoin in their portifolio and died even when they have seen some negative sign about their health status, to me I will classify them as wicked people I mean that's not the best thing to do. Imagine having like 50 to 100 Bitcoin and then giving up the ghost without selling or letting anyone know about it, is it not a waste of investment. Just like I said, if they have someone they can share there seed phrase to it will be fine.

Here we go again, buddy please don't get it twisted, you should understand that everything about a man's wealth, savings and asset or (will) should be a personal decision, so dont judge a man that took such decision of not revealing  his seed phrase to anyone despite knowing that his health condition has deteriorated and knowing fully well that he wont live to enjoy his Bitcoin holdings as the case may be, I think it wouldn't be nice to question anyones decision without knowing why such person took such decision beside as i have said earlier, it is a personal matter of the holdings owner to do whatever that pleases him irrespective his health condition, he can decide to give it to anybody or even allow it to waste, since no one knows his reason for such decision, I think no one should also question his decision to that effect talk more of judging or tagging him to be a wicked person, I think we should be guided, I wouold have been better for you to maintain where you said he would have let someone know about it than regarding home as a wicked person, if I may ask have you even considered the kind of people he has as relatives and even as that I wont question him because his decisions was final and as such shouldn't be in anyway opposed.

[Popkon6]

This is naturally difficult to do because someone who doesn't know about bitcoins then how to hold them. How can he hold bitcoins if he doesn't have the necessary wallet knowledge to hold bitcoins? But it is also possible that someone helped him in this matter since then he has been holding Bitcoin. But there is also a problem that in 2021 when there is a big bull market in Bitcoin, if anyone knew about Bitcoin then it would not be possible for them all to hold Bitcoin. Because not everyone can be a holder of Bitcoin. Maybe he was able to hold those bitcoins by luck or some other reason but that is a rare occurrence.

It is almost possible for a newbie to acquire all the source of knowledge about Bitcoin in just a few days, if that person can work properly then he can definitely learn all the activities that are basically required to learn about Bitcoin or hold Bitcoin through this Bitcoin forum..... I consider bitcoin forum to be a repository of knowledge, because people from almost every country are present here and only knowledgeable people are in this forum.

 So if he regularly asks senior brothers regularly about this bitcoin or anything in this forum he will surely explain him with proof. So a person should never take it too hard as soon as he wishes he can easily learn the basics of holding Bitcoin. And if that person is generally poor then of course he can hold small amount of bitcoins and through DCA method. So it proves very easy for a newbie to get an idea of Bitcoin very quickly.

[Shadiq]

Here we go again, buddy please don't get it twisted, you should understand that everything about a man's wealth, savings and asset or (will) should be a personal decision, so dont judge a man that took such decision of not revealing  his seed phrase to anyone despite knowing that his health condition has deteriorated and knowing fully well that he wont live to enjoy his Bitcoin holdings as the case may be, I think it wouldn't be nice to question anyones decision without knowing why such person took such decision beside as i have said earlier, it is a personal matter of the holdings owner to do whatever that pleases him irrespective his health condition, he can decide to give it to anybody or even allow it to waste, since no one knows his reason for such decision, I think no one should also question his decision to that effect talk more of judging or tagging him to be a wicked person, I think we should be guided, I wouold have been better for you to maintain where you said he would have let someone know about it than regarding home as a wicked person, if I may ask have you even considered the kind of people he has as relatives and even as that I wont question him because his decisions was final and as such shouldn't be in anyway opposed.

I agree with you, one has personal freedom regarding one's property or stash. He is free and should be given freedom as to where and to whom he spends his wealth. He can make any decision regarding his property at the moment before his death or at the normal moment. No comments should be made knowingly or unknowingly about him. If someone dies leaving his property intestate or loses access due to his physical or mental disability then our comment should be, his property is his liberty, we have no comment. Before facing such a situation, he decides for himself whether to entrust his property to someone else or not.

[asarfiar]

Given the period we're in is it buy time or sell time?

Well, that just shows that the market is unpredictable.

You can't time the market because it's very unpredictable. You might see it's price going up for a few hours then suddenly, it will go down. Just look at Bitcoin's price a few days ago when the Coinbase anomaly happened. It went down from I think around $68,000 to nearly $59,000 in just a span of a few minutes.

We can assume that the best time to buy bitcoin is when it starts to dip after the bitcoin halving, usually after 3 months is the right time for bitcoin to dip. Bitcoin halvings occur every four years, where the rewards for Bitcoin miners are cut in half.
So, if we take a closer look at the matter, we can see that Bitcoin halving events in the past have been able to establish a long-term bullish driver for the price of Bitcoin. Bitcoin halving events are associated with inflationary trends that help the BTC price rise even further and we have seen 2023 as a tangible proof of that. So I think now is the best time to buy Bitcoin.

We have certainly noticed that the Bitcoin market is unpredictable, the reason can be said to be its volatility at the beginning of the year which is the up-and-down Bitcoin market system in a few months. Most Bitcoin investors attribute these fluctuations to the prevailing global macroeconomic and economic conditions.

Based on the various overall circumstances in particular consideration, I think now is the right time to buy Bitcoin as it is not long before BTC reaches $100K.

[JayJuanGee]

Given the period we're in is it buy time or sell time?

Well, that just shows that the market is unpredictable.

You can't time the market because it's very unpredictable. You might see it's price going up for a few hours then suddenly, it will go down. Just look at Bitcoin's price a few days ago when the Coinbase anomaly happened. It went down from I think around $68,000 to nearly $59,000 in just a span of a few minutes.

We can assume that the best time to buy bitcoin is when it starts to dip after the bitcoin halving, usually after 3 months is the right time for bitcoin to dip. Bitcoin halvings occur every four years, where the rewards for Bitcoin miners are cut in half.

What you seem to be suggesting comes off as a bit ridiculous.  You going to wait every 4 years to buy bitcoin?  And a brand new investor may or may not be able to get the dip or even the dip of the dippest.

Anyone coming to bitcoin right now?  What should they do?  Should they start to buy or should they wait?

Another thing is that we cannot turn back the clock, so the difference between a brand new bitcoin investor and someone who is already in bitcoin is that the person who is already in has already built some bitcoin stash, so then the main question of the one who already has some bitcoin should be whether he has enough or not...

So then the person who already has some bitcoin should be asking what to do.. Should I wait or should I buy more?  He cannot go back in time.  He can ONLY go based on the information that he has right now.  Does he buy or wait?

What are you suggesting that a guy does asarfiar?

From my perspective, the best time to buy bitcoin was yesterday, yet since we cannot go back to yesterday, then we ONLY have today, so the best time to buy bitcoin would be today rather than tomorrow, but hey, whatever.. you can do what you like.  If you believe that waiting is a good strategy, then that is your choice.

If you are saying buy today because we are in a post halvening dip, then are you even planning on holding through the whole cycle? Or are you just getting in and out of bitcoin within less than a cycle?  You are just playing this wave?

If you are just playing this wave, then you probably don't really understand bitcoin very well in order to figure out that bitcoin is likely better and much more powerful as a long term play rather than trying to fuck around with either trading within a cycle or merely trying to scalp off some dollar profits within this cycle.

Sure, you can be dollar profitable in terms of getting in and getting out, but you still likely are missing quite a bit of bitcoin's value proposition if you merely consider bitcoin as something that you trade or just try to scrape off some short term dollar profits.  (short term = less than 4 years - so investment timelines for bitcoin should be 4-10 years or longer)

So, if we take a closer look at the matter, we can see that Bitcoin halving events in the past have been able to establish a long-term bullish driver for the price of Bitcoin. Bitcoin halving events are associated with inflationary trends that help the BTC price rise even further and we have seen 2023 as a tangible proof of that. So I think now is the best time to buy Bitcoin.

I doubt that you need all of that analysis..but whatever, your conclusion about buying right away seems to be correct, yet it still seems questionable regarding why it really matters?  If someone got into bitcoin in 2022 or even 2023, they would have had been better than today, and even there were times in 2021 that they would have had been better than today, especially if they continued to buy BTC for the whole time.

Even a guy who started buying BTC in the beginning of 2021 would have had bought through two BTC price peaks in 2021, and that guys would have had still been better off today based on his ongoing buying of BTC.

Look at a guy who started buying BTC at $100 per week starting in the beginning of 2021, by now he would have had invested nearly $20k and he would have had accumulated right around 0.5716 BTC (currently valued at about $35.5k), so right around 77% in profits.   Sure, he is not yet making a killing, but he would be building a decent BTC stash, and so maybe within another cycle or two, he might be able to make even further progress in terms of his BTC stack size.

Your conclusion about trying to time when to buy seems to be flawed, since probably it is much better to just buy BTC and continue buying BTC rather than trying to be too smart for your own good about trying to figure out when to buy or not to buy.

We have certainly noticed that the Bitcoin market is unpredictable, the reason can be said to be its volatility at the beginning of the year which is the up-and-down Bitcoin market system in a few months. Most Bitcoin investors attribute these fluctuations to the prevailing global macroeconomic and economic conditions.

Are you wanting to trade the ups and downs?  or why does it matter if there is a lot of volatility in the short-term?  I think that the main point is that over the long terms, BTC's price trajectory tends towards upward.   Yet, maybe you have some other assessments in regards to the importance of bitcoin's volatility, which has always been present..and figuring out the exact cause might not even be that important.

Based on the various overall circumstances in particular consideration, I think now is the right time to buy Bitcoin as it is not long before BTC reaches $100K.

You selling at $100k or are you just wanting to accumulate BTC at cheaper prices?

You don't even have 6 months on the forum.  Have you been accumulating BTC the whole time?  Did you start accumulating BTC prior to coming to the forum?

In my own situation, I had started accumulating BTC in late 2013 about 3 months prior to my forum registration date, so I had already had a bitcoin buying budget and a 6 month accumulation plan at the time that I came to the forum, and largely my participation on the forum was to continue with my BTC accumulation plan and to tweak it at various points along the way, yet I probably still spend a few years mostly accumulating BTC, even though by late 2014, I had assessed that I was under a bit less pressure in regards to my BTC accumulation, even though I continued to engage in such BTC accumulation.. so yeah, it can take a while to just accumulate enough BTC and to feel that you have enough, even in my case, I was attempting to front load my BTC investment, which might not have been as great of an idea as waiting, even though it seems to me that when we are in the moment, we cannot really know with any large confidence which way the BTC price is going to go.

[sotelorene]

Here we go again, buddy please don't get it twisted, you should understand that everything about a man's wealth, savings and asset or (will) should be a personal decision, so dont judge a man that took such decision of not revealing  his seed phrase to anyone despite knowing that his health condition has deteriorated and knowing fully well that he wont live to enjoy his Bitcoin holdings as the case may be, I think it wouldn't be nice to question anyones decision without knowing why such person took such decision beside as i have said earlier, it is a personal matter of the holdings owner to do whatever that pleases him irrespective his health condition, he can decide to give it to anybody or even allow it to waste, since no one knows his reason for such decision, I think no one should also question his decision to that effect talk more of judging or tagging him to be a wicked person, I think we should be guided, I wouold have been better for you to maintain where you said he would have let someone know about it than regarding home as a wicked person, if I may ask have you even considered the kind of people he has as relatives and even as that I wont question him because his decisions was final and as such shouldn't be in anyway opposed.

I agree with you, one has personal freedom regarding one's property or stash. He is free and should be given freedom as to where and to whom he spends his wealth. He can make any decision regarding his property at the moment before his death or at the normal moment. No comments should be made knowingly or unknowingly about him. If someone dies leaving his property intestate or loses access due to his physical or mental disability then our comment should be, his property is his liberty, we have no comment. Before facing such a situation, he decides for himself whether to entrust his property to someone else or not.

In as much as what you are saying seems to be true we should also remember that, that discussion is not why we are here perhaps we should leave the matter of entrusting our Bitcoin to someone and focus more on accumulating Bitcoin before we get distracted after all that issue should or is suppose to be a personal something not something we should be discussing here. Secondly, no one is wishing death or... To anyone and i believe it was a discuss that bring about this but I don't really think the person meant it this way I mean it shouldn't suppose to be emphasis or discussed to this extent. Lets focus on what is necessary and leave what is not necessary for now.

[SuperBitMan]

This is naturally difficult to do because someone who doesn't know about bitcoins then how to hold them. How can he hold bitcoins if he doesn't have the necessary wallet knowledge to hold bitcoins? But it is also possible that someone helped him in this matter since then he has been holding Bitcoin. But there is also a problem that in 2021 when there is a big bull market in Bitcoin, if anyone knew about Bitcoin then it would not be possible for them all to hold Bitcoin. Because not everyone can be a holder of Bitcoin. Maybe he was able to hold those bitcoins by luck or some other reason but that is a rare occurrence.

It is almost possible for a newbie to acquire all the source of knowledge about Bitcoin in just a few days, if that person can work properly then he can definitely learn all the activities that are basically required to learn about Bitcoin or hold Bitcoin through this Bitcoin forum..... I consider bitcoin forum to be a repository of knowledge, because people from almost every country are present here and only knowledgeable people are in this forum.

 So if he regularly asks senior brothers regularly about this bitcoin or anything in this forum he will surely explain him with proof. So a person should never take it too hard as soon as he wishes he can easily learn the basics of holding Bitcoin. And if that person is generally poor then of course he can hold small amount of bitcoins and through DCA method. So it proves very easy for a newbie to get an idea of Bitcoin very quickly.

Yeah you are right a newbie can get an idea of Bitcoin very quick and then start investing, some people believes before a newbie will start Bitcoin investment he will first of all have all the knowledge of Bitcoin but that's not right all that is required of a newbie is to have the basic knowledge about Bitcoin and it's investment and then start investing as time goes on he or she will be knowing more about it, when it comes to bitcoin investment you can't know everything or more without going to it so when a newbie has the basic knowledge he or she should start his or her Bitcoin investment this way the newbie will discover the way he or she should go about his or her investment that will be more easier everything will be more clear to you when you start your accumulation and holding and I will also advise you take this forum seriously Because you will also learn somethings here.

[uswa56]

Yeah you are right a newbie can get an idea of Bitcoin very quick and then start investing, some people believes before a newbie will start Bitcoin investment he will first of all have all the knowledge of Bitcoin but that's not right all that is required of a newbie is to have the basic knowledge about Bitcoin and it's investment and then start investing as time goes on he or she will be knowing more about it, when it comes to bitcoin investment you can't know everything or more without going to it so when a newbie has the basic knowledge he or she should start his or her Bitcoin investment this way the newbie will discover the way he or she should go about his or her investment that will be more easier everything will be more clear to you when you start your accumulation and holding and I will also advise you take this forum seriously Because you will also learn somethings here.

When you have basic knowledge about Bitcoin and then decide to run an investment, this will be very good, but you need to remember that when you decide to invest, you must continue to learn until you really understand it well and most importantly for anyone who wants to start, they must be able to keep their wallet keys well and do not lose access to their wallet after collecting Bitcoin.
Yes, in this forum we will be able to gain knowledge about Bitcoin and as a beginner it will certainly be better to choose to maintain their assets in the long term and also have to use funds that they will not take until the target they have set has not been reached.

[Ambatman]

Yeah you are right a newbie can get an idea of Bitcoin very quick and then start investing, some people believes before a newbie will start Bitcoin investment he will first of all have all the knowledge of Bitcoin but that's not right all that is required of a newbie is to have the basic knowledge about Bitcoin and it's investment and then start investing as time goes on he or she will be knowing more about it, when it comes to bitcoin investment you can't know everything or more without going to it so when a newbie has the basic knowledge he or she should start his or her Bitcoin investment this way the newbie will discover the way he or she should go about his or her investment that will be more easier everything will be more clear to you when you start your accumulation and holding and I will also advise you take this forum seriously Because you will also learn somethings here.

When you have basic knowledge about Bitcoin and then decide to run an investment, this will be very good, but you need to remember that when you decide to invest, you must continue to learn until you really understand it well and most importantly for anyone who wants to start, they must be able to keep their wallet keys well and do not lose access to their wallet after collecting Bitcoin.
Yes, in this forum we will be able to gain knowledge about Bitcoin and as a beginner it will certainly be better to choose to maintain their assets in the long term and also have to use funds that they will not take until the target they have set has not been reached.

knowledge is important
But I think now I'm leaning towards the notion that having an investors mindset is the most important before we move to knowledge.
Many in the forum have the knowledge but lack the mindset
While there are others that barely know much but have the mindset.
What's important to learn about Bitcoin is how to send, receive and secure your wallet.
Other things just follow
Before entering into any project make sure you really understand why you chose the project and what your aim is.

[JayJuanGee]

Yeah you are right a newbie can get an idea of Bitcoin very quick and then start investing, some people believes before a newbie will start Bitcoin investment he will first of all have all the knowledge of Bitcoin but that's not right all that is required of a newbie is to have the basic knowledge about Bitcoin and it's investment and then start investing as time goes on he or she will be knowing more about it, when it comes to bitcoin investment you can't know everything or more without going to it so when a newbie has the basic knowledge he or she should start his or her Bitcoin investment this way the newbie will discover the way he or she should go about his or her investment that will be more easier everything will be more clear to you when you start your accumulation and holding and I will also advise you take this forum seriously Because you will also learn somethings here.

When you have basic knowledge about Bitcoin and then decide to run an investment, this will be very good, but you need to remember that when you decide to invest, you must continue to learn until you really understand it well and most importantly for anyone who wants to start, they must be able to keep their wallet keys well and do not lose access to their wallet after collecting Bitcoin.
Yes, in this forum we will be able to gain knowledge about Bitcoin and as a beginner it will certainly be better to choose to maintain their assets in the long term and also have to use funds that they will not take until the target they have set has not been reached.

I doubt that it is necessary for anyone to learn to hold their own private keys before getting into bitcoin or even to do that right away.  A person can get started with third-party custodial solutions and then transition into learning various kinds of self-custody possibilities.  The level of security that a person needs or even their decisions in regards to UTXO management could affect how they hold coins.

I keep reiterating in various threads that one of the most basic kinds of knowledge that a person needs to get started investing into bitcoin regards whether he has a disposable income or not that he is able to invest in bitcoin for 4-10 years or longer, so even if he might just start with $100 per week, he should at least be able to figure out if that is within his disposable income or not, and as far as knowledge about bitcoin, he likely would ONLY need to consider that bitcoin is a good place to put money for 4-10 years or longer, and if he is not sure about that conclusion, then he can adjust his investment amount downward until he is comfortable and then he can learn about bitcoin enough to reach a conclusion that he is more comfortable investing higher amounts into bitcoin that would be locked away for 4-10 years or longer.

Anyone wanting to buy bitcoin on shorter than 4 year timelines would be trading rather than investing, and personally I consider bitcoin to be an investment rather than a trade, and surely there might be some folks who get into bitcoin and they are considering keeping it for shorter than 4 year timelines and maybe trying to play our current cycle to their advantage, and sure people can do what they like, yet I would still classify shorter than 4 year timelines as trades (or gambling) rather than investing.. which is fine.. people can do what they like, even dumb things (which might be the case if they are not able to spend enough time to actually learn what bitcoin is and/or to appreciate that bitcoin is likely better as an investment rather than as a trade.

[Stablexcoin]

I keep reiterating in various threads that one of the most basic kinds of knowledge that a person needs to get started investing into bitcoin regards whether he has a disposable income or not that he is able to invest in bitcoin for 4-10 years or longer, so even if he might just start with $100 per week, he should at least be able to figure out if that is within his disposable income or not, and as far as knowledge about bitcoin, he likely would ONLY need to consider that bitcoin is a good place to put money for 4-10 years or longer, and if he is not sure about that conclusion, then he can adjust his investment amount downward until he is comfortable and then he can learn about bitcoin enough to reach a conclusion that he is more comfortable investing higher amounts into bitcoin that would be locked away for 4-10 years or longer.

Anyone wanting to buy bitcoin on shorter than 4 year timelines would be trading rather than investing, and personally I consider bitcoin to be an investment rather than a trade, and surely there might be some folks who get into bitcoin and they are considering keeping it for shorter than 4 year timelines and maybe trying to play our current cycle to their advantage, and sure people can do what they like, yet I would still classify shorter than 4 year timelines as trades (or gambling) rather than investing.. which is fine.. people can do what they like, even dumb things (which might be the case if they are not able to spend enough time to actually learn what bitcoin is and/or to appreciate that bitcoin is likely better as an investment rather than as a trade.

You've nailed it on the head with your detailed explanation Jay thank you. It is so true that the best knowledge to have as a beginner is the knowing of the true value of Bitcoin. The true value is revealed the longer we hold on to it. If an investor is having double minded toward Bitcoin then he should just keep buying and do whatever he likes. Only a few can comprehend what Bitcoin is worth. There is a saying, 'Many are called but few are chosen'

People mistake buy and hold to just buying Bitcoin and holding it for months, a few years or so. The real definition of investing in Bitcoin is buying Bitcoin and holding it for more than a decade. Anything between 4 to 10 years is gambling. Because the more knowledge we get while investing, the more confident we can be in our long-term decisions. When we approach Bitcoin in that way we mean to say that Bitcoin is with more which means it's currently priced less than its true value and so it will be worth more if we hold it longer than a decade and more.