Buy Buy Buy or Sell Sell Sell?

[JayJuanGee]

I totally agree with you because there is no amount of knowledge a newbie we have that he or she won't be drive or shaked by market fluctuation because they are still fresh to the game.

What do you think makes someone a newbie? It's mostly ignorance or lack of deep knowledge about something, if an individual in Bitcoin investment knows all it takes to invest and hold for a very long time, guy that person is no longer a newbie, because he has all the required knowledge to succeed.
So wether a person is just starting to invest in Bitcoin or not, he will never be shaken by market fluctuation when he knows it all on how Bitcoin operate generally.

The fact that someone knows all it takes to invest and hold for a very long time  doesn't mean that person can not be seen as a newbie, knowing how Bitcoin works and how to hold doesn't mean you have arrived in Bitcoin investment rather what shows that a person is not longer a newbie is, discipline, maturity and sometimes experience in Bitcoin investment. If some great investors do shake because of dip sometimes then is it a newbie that just joined or venture into Bitcoin investment new that won't be carried away and moreover, knowing all it takes doesn't guarantee your success in Bitcoin investment perhaps you don't understand what Sotelorene is talking about.

There is nothing wrong with being a newbie to bitcoin, and since around 99% of the world's population still does not own bitcoin, that means that there are a lot of potential newbies that are going to keep coming into the future.

Newbies can have a variety of levels of knowledge and/or experiences, yet if they are new to bitcoin they are a newbie.

Some newbies learn really fast, and others take a decent amount of time to figure things.

We might even want to suggest that anyone in their first whole cycle of bitcoin might be considered as a newbie.

Some newbies have a lot of financial resources and other newbies do not.  We might presume that most newbies do not have other investments, yet surely there are still folks who come to bitcoin with a lot of investment experience and a lot of cashflow management experience, yet they still might be a newbie to bitcoin, even if they come to bitcoin while potentially knowing way more than a lot of the already existing bitcoiners.

I recall when I first came to bitcoin, there was a young guy who sort of introduced me and who had done quite well in bitcoin, yet I could tell from the beginning that he did not really know about investing and/or cashflow management, yet he had told me that he had come to bitcoin through buying drugs on silk road, and a couple times in 2012, he had bought a bunch of bitcoin for a few dollars each, and for some reason he had forgotten about  his 27 bitcoin that were in his silk road account, and when he came back to them, they were worth more than $100 each, and even they had gotten up to being $1k each.

I am pretty sure that he had ended up mismanaging his bitcoin, since he did get distracted into shitcoins, and I kind of lost track of him after a few years, and he was even on the wrong side of the blocksize wars in 2017, and I recall that he was proclaiming that bitcoin was going to die in August 2016 when the Bitfinex (119k) bitcoins got hacked. .. so he seemed to have transitioned into some forms of delusionalness, even though he had known about bitcoin earlier than me and earlier than many others.  I am not sure if he was able to recover from some of those kind of wrong ideas about bitcoin and getting sucked into shitcoin talking points including using his bitcoin to invest into a bunch of crappy products (such as Mastercoin) rather than continuing to stay focused on bitcoin and/or to rebuild his bitcoin stash...

Even though 27 bitcoin was a good stash in 2013 and even later, surely he kept saying that he did not have very many bitcoin left, yet surely right now 27 bitcoin would be a fortune for a lot of regular people.  Yet even someone who had fallen away from bitcoin, if he had been able to get back on track in the last 8 years, then he could have had built his bitcoin stash back up.   

Yet, even someone who got refocused on buying bitcoin 8 years ago in 2017 would have had invested right around $42k, and right now would just have right around 4.1 bitcoin. Not a bad place to be, but surely not even close to as good as a person who had been able to accumulate 27 bitcoin or more in 2012 for less than a couple thousand dollars.   

[SilverCryptoBullet]

There is nothing wrong with being a newbie to bitcoin, and since around 99% of the world's population still does not own bitcoin, that means that there are a lot of potential newbies that are going to keep coming into the future.

Newbies can have a variety of levels of knowledge and/or experiences, yet if they are new to bitcoin they are a newbie.

Some newbies learn really fast, and others take a decent amount of time to figure things.

We might even want to suggest that anyone in their first whole cycle of bitcoin might be considered as a newbie.

We are all newbies at our starts in anything including Bitcoin journeys so it is truly not bad if anyone is a newbie in Bitcoin market. It's ironically to say about big fact that newbies can become successful investors in this market while senior people in this market still have losses while they have been here many years. Knowledge is what newbies lack of but they can learn it with time. Another thing is practice and experience and newbies can do it better than experienced market participants who only have knowledge and experience but don't have good discipline and strategy for success.

Many people have been in this market for years but they applied bad strategies and lack of necessary traits for success so they are worse than newbies.

Some newbies have a lot of financial resources and other newbies do not.  We might presume that most newbies do not have other investments, yet surely there are still folks who come to bitcoin with a lot of investment experience and a lot of cashflow management experience, yet they still might be a newbie to bitcoin, even if they come to bitcoin while potentially knowing way more than a lot of the already existing bitcoiners.

Newbies can start with bad finance and investment budget but they can learn, find better jobs, get higher salary and manage their finance better, have bigger investment capital. With time, by maintaining it they will be able to increase their investment capital as well as becoming successful investors with better well-beings.

[JayJuanGee]

There is nothing wrong with being a newbie to bitcoin, and since around 99% of the world's population still does not own bitcoin, that means that there are a lot of potential newbies that are going to keep coming into the future.

Newbies can have a variety of levels of knowledge and/or experiences, yet if they are new to bitcoin they are a newbie.

Some newbies learn really fast, and others take a decent amount of time to figure things.

We might even want to suggest that anyone in their first whole cycle of bitcoin might be considered as a newbie.

We are all newbies at our starts in anything including Bitcoin journeys so it is truly not bad if anyone is a newbie in Bitcoin market. It's ironically to say about big fact that newbies can become successful investors in this market while senior people in this market still have losses while they have been here many years. Knowledge is what newbies lack of but they can learn it with time. Another thing is practice and experience and newbies can do it better than experienced market participants who only have knowledge and experience but don't have good discipline and strategy for success.

Many people have been in this market for years but they applied bad strategies and lack of necessary traits for success so they are worse than newbies.

Some newbies have a lot of financial resources and other newbies do not.  We might presume that most newbies do not have other investments, yet surely there are still folks who come to bitcoin with a lot of investment experience and a lot of cashflow management experience, yet they still might be a newbie to bitcoin, even if they come to bitcoin while potentially knowing way more than a lot of the already existing bitcoiners.

Newbies can start with bad finance and investment budget but they can learn, find better jobs, get higher salary and manage their finance better, have bigger investment capital. With time, by maintaining it they will be able to increase their investment capital as well as becoming successful investors with better well-beings.

We can compare two people who are similar in their income and their expenses, and then come out with different results based on someone who might organize himself better or even who may prioritize investing in bitcoin more, so one might be more aggressive and the other more whimpy in his bitcoin accumulation... there are also guys who end up increasing their income and/or decreasing their expenses so then have more discretionary income, yet I think that sometimes the solutions will not come so easily, and a person might be stuck with a certain level of discretionary income, and he has to work within the boundaries of that discretionary income.

There are ways to project your cashflow and even keep track of your investments, such as using an Excel spreadsheet, and sometimes analyzing what you are doing by looking at your history and even projecting your cashflow into the future, guys can sometimes become better at figuring out various potentials that they have within their current budget.

[inearth]

Bitcoin is always the best currency to invest in. If you invest in Bitcoin now, you will forget about that investment for some time after the investment. And only keep an eye on bitcoin price when it crosses 100k, because we all know and believe that bitcoin price will definitely go above 100k. If you look at the Bitcoin price chart for the last few days, you can see that the price of Bitcoin has increased amazingly in the last few days. So you invest and hold without panicking. And never think to selling.

Even if one tends to sell, it depends on how much they must've accumulated and hold overtime. Though there have been some misconceptions about investing in bitcoin and some other coins but just so they know Bitcoin is the way out and moreso the price of Bitcoin will always change and at such affect the market trends.so no need to panic while buying and don't sell loss cause of some panic attacks of the price change.

You have spoken well. Self-correction in Bitcoin investment is a hot topic. The main reason why many people lose confidence in controlling market movements is because they are not able to control themselves properly. Bitcoin is a long-term investment. It is important to keep this in mind. It turns out that the price of Bitcoin suddenly reached $200K or $300K, so you cannot decide to sell. You must wait for one or two cycles to pass. If you cannot hold Bitcoin for two cycles, then you will be deprived of the real taste of Bitcoin. Do not panic, but invest regularly with patience and also arrange to hold alternative funds to solve your current problems.

It is important for a person to maintain his investment as well as to have financial management. If a person cannot manage his financial management properly then his investment is very risky. Because if he cannot manage his money properly then many things can happen that can lead to a lot of debt. So besides investment, having financial management is very important.

Even though the Bitcoin market is very volatile. You can never tell when what will happen. Although we cannot expect that it will suddenly make us Dhoni. We should always focus on buying and should never look at the price. Because if a new person looks at the price then he may get scared. Because the Bitcoin market is very volatile the market can go up and down at any time. So we should just keep buying

Yes, in Bitcoin investment, not panicking, investing regularly, maintaining financial management, and being patient in the market cycle are very important. However, along with these, another more important thing is to gain investment education and knowledge. Before investing, it is very important to learn about Bitcoin technology, Bitcoin market structure, influencers, and investment risks. There are many investors who invest only because of other people's words or hype, or sometimes out of greed. They themselves have no idea about the potential risks of Bitcoin technology and market structure. As a result, they panic and face losses when they see the market fluctuate.

Bitcoin is a digital asset that is vulnerable to cyber attacks. There are many investors who are unaware of wallets, exchanges, or security, which can make them victims of hacks or fraud. Therefore, proper security management and proper wallet use should also be kept in mind. In addition to all this, it is necessary to regularly monitor market news and global economic conditions and have regular knowledge about this. Specially new investors should carefully consider these issues before investing and then invest, so that their financial risk is less likely to increase.
 For this reason, equal emphasis should be placed on investment education, market analysis, diversification, cybersecurity, and mental preparation before investing.

[JayJuanGee]

Bitcoin is always the best currency to invest in. If you invest in Bitcoin now, you will forget about that investment for some time after the investment. And only keep an eye on bitcoin price when it crosses 100k, because we all know and believe that bitcoin price will definitely go above 100k. If you look at the Bitcoin price chart for the last few days, you can see that the price of Bitcoin has increased amazingly in the last few days. So you invest and hold without panicking. And never think to selling.

Even if one tends to sell, it depends on how much they must've accumulated and hold overtime. Though there have been some misconceptions about investing in bitcoin and some other coins but just so they know Bitcoin is the way out and moreso the price of Bitcoin will always change and at such affect the market trends.so no need to panic while buying and don't sell loss cause of some panic attacks of the price change.

You have spoken well. Self-correction in Bitcoin investment is a hot topic. The main reason why many people lose confidence in controlling market movements is because they are not able to control themselves properly. Bitcoin is a long-term investment. It is important to keep this in mind. It turns out that the price of Bitcoin suddenly reached $200K or $300K, so you cannot decide to sell. You must wait for one or two cycles to pass. If you cannot hold Bitcoin for two cycles, then you will be deprived of the real taste of Bitcoin. Do not panic, but invest regularly with patience and also arrange to hold alternative funds to solve your current problems.

It is important for a person to maintain his investment as well as to have financial management. If a person cannot manage his financial management properly then his investment is very risky. Because if he cannot manage his money properly then many things can happen that can lead to a lot of debt. So besides investment, having financial management is very important.

Even though the Bitcoin market is very volatile. You can never tell when what will happen. Although we cannot expect that it will suddenly make us Dhoni. We should always focus on buying and should never look at the price. Because if a new person looks at the price then he may get scared. Because the Bitcoin market is very volatile the market can go up and down at any time. So we should just keep buying

Yes, in Bitcoin investment, not panicking, investing regularly, maintaining financial management, and being patient in the market cycle are very important. However, along with these, another more important thing is to gain investment education and knowledge. Before investing, it is very important to learn about Bitcoin technology, Bitcoin market structure, influencers, and investment risks. There are many investors who invest only because of other people's words or hype, or sometimes out of greed. They themselves have no idea about the potential risks of Bitcoin technology and market structure. As a result, they panic and face losses when they see the market fluctuate.

Bitcoin is a digital asset that is vulnerable to cyber attacks. There are many investors who are unaware of wallets, exchanges, or security, which can make them victims of hacks or fraud. Therefore, proper security management and proper wallet use should also be kept in mind. In addition to all this, it is necessary to regularly monitor market news and global economic conditions and have regular knowledge about this. Specially new investors should carefully consider these issues before investing and then invest, so that their financial risk is less likely to increase.
 For this reason, equal emphasis should be placed on investment education, market analysis, diversification, cybersecurity, and mental preparation before investing.

You make some decent points inearth, yet I doubt that so many things are required before investing into bitcoin, beyond just having a general idea of bitcoin.. perhaps number go up and volatility and no guarantees...

yet the main thing to get started investing into bitcoin is just to make sure that the person has a discretionary income and they can (and probably should) get started right away, and they can learn about the various things that you are presenting as they go, to the extent that they need any of them in specifics.  A lot of times guys need to think about bitcoin in personal budgeting kind of ways, such as considering their 9 individual factors.

Get started investing into bitcoin as soon as possible and learn the details as you go.  It takes a long time to build up a bitcoin investment, even if guys might be investing into bitcoin more than $10 to $100 per week.  I would not necessarily recommend starting out with a lump sum, yet if a guy might spend 2-4 weeks studying bitcoin as they are investing their weekly amount, then maybe they might become convinced that they might need to front  load their investment into bitcoin from money that they might have in their other investments, savings or from somewhere that they are getting the lump sum monies that if they had authorized buying bitcoin then they would consider three ways of buying BTC  1) buying right away, 2) DCA and/or 3) buying on dips.. They also may need to consider their back up funds such as emergency funds and/or reserve funds, and their emergency funds should be at least 3 months of their expenses, and potentially grow at similar amounts of the bitcoin investment in the event that the initial investment amounts into bitcoin might be less than 3 months of their expenses.

[DubemIfedigbo001]

Yes, in Bitcoin investment, not panicking, investing regularly, maintaining financial management, and being patient in the market cycle are very important. However, along with these, another more important thing is to gain investment education and knowledge. Before investing, it is very important to learn about Bitcoin technology, Bitcoin market structure, influencers, and investment risks. There are many investors who invest only because of other people's words or hype, or sometimes out of greed. They themselves have no idea about the potential risks of Bitcoin technology and market structure. As a result, they panic and face losses when they see the market fluctuate.

Bitcoin is a digital asset that is vulnerable to cyber attacks. There are many investors who are unaware of wallets, exchanges, or security, which can make them victims of hacks or fraud. Therefore, proper security management and proper wallet use should also be kept in mind. In addition to all this, it is necessary to regularly monitor market news and global economic conditions and have regular knowledge about this. Specially new investors should carefully consider these issues before investing and then invest, so that their financial risk is less likely to increase.

People who get into bitcoin because of adverts from influencers and not of their own conviction are already started off on the wrong foot. This is because they would not have understood bitcoin for what it is, neither would they have the knowledge of investing into it properly. Most of them would go to the extent of using money meant for their expenses to buy bitcoin since the influencers would only introduce FOMO and not an actual investment guide. They have no investment nor continuity plan and are mostly target quick profits and tend to treat BTC as a gambling kind of coin. Information from influencers are not directly action worthy, they mislead lots of people

It is important to understand bitcoin for what it really is before proceeding to invest, that is why every investor is advised to DYOR on any information you get on the internet space. Sometimes the understanding comes after making some initial mistakes, most investors, including myself came to know and appreciate bitcoin for what it really is after a history of mistakes and the decision to learn from your mistakes and do the right thing is remarkable. Bitcoin is to be approached with an investment mindset which consists of ensuring you invest with your discretionary income, have an accumulation target in mind, have your consistent buying amounts and with a long-term holding period, very important too is the building of backup funds like emergency fund which would prevent your investment from being tampered.

For this reason, equal emphasis should be placed on investment education, market analysis, diversification, cybersecurity, and mental preparation before investing.

You practically do not need all these to get started, simply understanding bitcoin for the valuable asset it is, a desire to accumulate it and availability of discretionary income is what you need to get started, you can learn other detailed aspects that you wish as you advance into your accumulation journey.

[Redley555]

I totally agree with you because there is no amount of knowledge a newbie we have that he or she won't be drive or shaked by market fluctuation because they are still fresh to the game.

What do you think makes someone a newbie? It's mostly ignorance or lack of deep knowledge about something, if an individual in Bitcoin investment knows all it takes to invest and hold for a very long time, guy that person is no longer a newbie, because he has all the required knowledge to succeed.
So wether a person is just starting to invest in Bitcoin or not, he will never be shaken by market fluctuation when he knows it all on how Bitcoin operate generally.

The fact that someone knows all it takes to invest and hold for a very long time  doesn't mean that person can not be seen as a newbie, knowing how Bitcoin works and how to hold doesn't mean you have arrived in Bitcoin investment rather what shows that a person is not longer a newbie is, discipline, maturity and sometimes experience in Bitcoin investment. If some great investors do shake because of dip sometimes then is it a newbie that just joined or venture into Bitcoin investment new that won't be carried away and moreover, knowing all it takes doesn't guarantee your success in Bitcoin investment perhaps you don't understand what Sotelorene is talking about.

Newbie or no newbie i believe if you have the perseverance and will you are going to make it in bitcoin investment. I know a guy who when told about bitcoin years ago decided to try it, he is the kind of person that never backs down on a target even though he is new to it and was even discouraged by the person who introduced him to it what an irony, every other person that started with him could not continue but this guy stayed and endured and now he is a millionaire, perseverance and consistency is the key to succeed not just in bitcoin but life in general it has nothing to do with you being new to something, if you have that zeal in you the sky will surely be your limit

[Tungbulu]

Bitcoin is always the best currency to invest in. If you invest in Bitcoin now, you will forget about that investment for some time after the investment. And only keep an eye on bitcoin price when it crosses 100k, because we all know and believe that bitcoin price will definitely go above 100k. If you look at the Bitcoin price chart for the last few days, you can see that the price of Bitcoin has increased amazingly in the last few days. So you invest and hold without panicking. And never think to selling.

Even if one tends to sell, it depends on how much they must've accumulated and hold overtime. Though there have been some misconceptions about investing in bitcoin and some other coins but just so they know Bitcoin is the way out and moreso the price of Bitcoin will always change and at such affect the market trends.so no need to panic while buying and don't sell loss cause of some panic attacks of the price change.

You have spoken well. Self-correction in Bitcoin investment is a hot topic. The main reason why many people lose confidence in controlling market movements is because they are not able to control themselves properly. Bitcoin is a long-term investment. It is important to keep this in mind. It turns out that the price of Bitcoin suddenly reached $200K or $300K, so you cannot decide to sell. You must wait for one or two cycles to pass. If you cannot hold Bitcoin for two cycles, then you will be deprived of the real taste of Bitcoin. Do not panic, but invest regularly with patience and also arrange to hold alternative funds to solve your current problems.

It is important for a person to maintain his investment as well as to have financial management. If a person cannot manage his financial management properly then his investment is very risky. Because if he cannot manage his money properly then many things can happen that can lead to a lot of debt. So besides investment, having financial management is very important.

Even though the Bitcoin market is very volatile. You can never tell when what will happen. Although we cannot expect that it will suddenly make us Dhoni. We should always focus on buying and should never look at the price. Because if a new person looks at the price then he may get scared. Because the Bitcoin market is very volatile the market can go up and down at any time. So we should just keep buying

Yes, in Bitcoin investment, not panicking, investing regularly, maintaining financial management, and being patient in the market cycle are very important. However, along with these, another more important thing is to gain investment education and knowledge. Before investing, it is very important to learn about Bitcoin technology, Bitcoin market structure, influencers, and investment risks. There are many investors who invest only because of other people's words or hype, or sometimes out of greed. They themselves have no idea about the potential risks of Bitcoin technology and market structure. As a result, they panic and face losses when they see the market fluctuate.

Bitcoin is a digital asset that is vulnerable to cyber attacks. There are many investors who are unaware of wallets, exchanges, or security, which can make them victims of hacks or fraud. Therefore, proper security management and proper wallet use should also be kept in mind. In addition to all this, it is necessary to regularly monitor market news and global economic conditions and have regular knowledge about this. Specially new investors should carefully consider these issues before investing and then invest, so that their financial risk is less likely to increase.
 For this reason, equal emphasis should be placed on investment education, market analysis, diversification, cybersecurity, and mental preparation before investing.

You make some decent points inearth, yet I doubt that so many things are required before investing into bitcoin, beyond just having a general idea of bitcoin.. perhaps number go up and volatility and no guarantees...

yet the main thing to get started investing into bitcoin is just to make sure that the person has a discretionary income and they can (and probably should) get started right away, and they can learn about the various things that you are presenting as they go, to the extent that they need any of them in specifics.  A lot of times guys need to think about bitcoin in personal budgeting kind of ways, such as considering their 9 individual factors.

Get started investing into bitcoin as soon as possible and learn the details as you go.  It takes a long time to build up a bitcoin investment, even if guys might be investing into bitcoin more than $10 to $100 per week.  I would not necessarily recommend starting out with a lump sum, yet if a guy might spend 2-4 weeks studying bitcoin as they are investing their weekly amount, then maybe they might become convinced that they might need to front  load their investment into bitcoin from money that they might have in their other investments, savings or from somewhere that they are getting the lump sum monies that if they had authorized buying bitcoin then they would consider three ways of buying BTC  1) buying right away, 2) DCA and/or 3) buying on dips.. They also may need to consider their back up funds such as emergency funds and/or reserve funds, and their emergency funds should be at least 3 months of their expenses, and potentially grow at similar amounts of the bitcoin investment in the event that the initial investment amounts into bitcoin might be less than 3 months of their expenses.

You're absolutely correct. It really doesn't necessarily require a deep understanding or in-depth knowledge to get started with Bitcoin as a lot of Bitcoin enthusiasts may feel, which of course has restricted them actually getting started immediately. Having a general knowledge of bitcoin alone (which also includes its volatility) and of course a discretionary income is enough start-up kit to get started in bitcoin investment, yes there are other essential things that one may need, such as the emergency fund and other backup funds, but these could come after you've started your accumulation journey, you can be accumulating your bitcoin and building your emergency/backup funds simultaneously. It's even much more practical to start your accumulation journey first and learn every other thing as you proceed, rather than waiting for to first have all the knowledge, because you'll get the chance to try it out on your ongoing investment and know which strategy works for you and which doesn't.

I've never really thought about Bitcoin in the context of personal budgeting but I feel it's actually a smart approach. Guys should also prioritize taking into account the emergency fund, reserve funds and also one's overall financial stability.
Now, regarding the right investment strategies, starting one's accumulation journey with a weekly and/or regular amount can indeed be a pretty great way to build discipline and also reduce the impact of the market's volatility. Then as you proceed with your investment and have gained more knowledge, experience and even confidence, you can now choose to front load your investment or possibly make necessary adjustments in your strategy to align your investment strategy more with your personal financial goals and risk tolerance.

The purpose of these whole thing is to emphasize on the importance of starting one's Bitcoin investment as soon as possible and also to try as much as possible to remain consistent. It takes a lot of time to build a significant bitcoin stash, even with a regular investment amount of $10-$100 weekly. One can potentially benefit from the long term growth of Bitcoin is they start accumulating early and also be patient with their investment.

[Ishicryptic]

I totally agree with you because there is no amount of knowledge a newbie we have that he or she won't be drive or shaked by market fluctuation because they are still fresh to the game.

What do you think makes someone a newbie? It's mostly ignorance or lack of deep knowledge about something, if an individual in Bitcoin investment knows all it takes to invest and hold for a very long time, guy that person is no longer a newbie, because he has all the required knowledge to succeed.
So wether a person is just starting to invest in Bitcoin or not, he will never be shaken by market fluctuation when he knows it all on how Bitcoin operate generally.

The fact that someone knows all it takes to invest and hold for a very long time  doesn't mean that person can not be seen as a newbie, knowing how Bitcoin works and how to hold doesn't mean you have arrived in Bitcoin investment rather what shows that a person is not longer a newbie is, discipline, maturity and sometimes experience in Bitcoin investment. If some great investors do shake because of dip sometimes then is it a newbie that just joined or venture into Bitcoin investment new that won't be carried away and moreover, knowing all it takes doesn't guarantee your success in Bitcoin investment perhaps you don't understand what Sotelorene is talking about.

The word 'newbie' is a collective noun, it can be used in different situations when a person just arrived at a perticular place or space, so in general it refers to a new person. For instance you can have all the Bitcoin knowledge but when you register on bitcointalk forum you are a newbie, despite your wealth of knowledge in Bitcoin because it is an anonymous space, you need to proof your worth before you can rank up. Newbie also refers to a person that doesn't have any experience in the subject, they don't have any directions and they need guidance to gain knowledge. If a person that has been in a Bitcoin community like Bitcointalk forum for a long time and does not gain any knowledge, the person is no different from a new member and they are both newbies because they lack knowledge.

No matter how long you have known about Bitcoin investment and you don't have adequate knowledge about it's circles and difference between long term and short term holding that means that you are still a newbie. Moving out from the newbie circle is to understand how to be profitable in Bitcoin investment and act on the principles, then you are no longer at the beginning or naive stage. Having a profitable strategy to hold Bitcoin is not complex, make plans to hold for a long term and don't bother about short term speculations.

[Nightwatchmare]

Someone who panic sell there bitcoin because of a dip is definitely making a mistake, because when there is a dip in the price of bitcoin it presents an opportunity for us to accumulate more with a different and more convenient price as well, but I most say it is more common with someone who is new into bitcoin, or probably doesn’t have a little basic knowledge to panic sell at this point in time

You are right ,most people  that panic and sell their bitcoins are probably traders which maybe short term investors, when there is dip many investors view it as a chance to purchase Bitcoin at a lower  price forgetting that it should be an avenue to accumulate more and hold rather than selling it,but they don’t know that Bitcoin value fluctuate rapidly,but they would be the once to regret later.

Sometimes what makes some people panic and sell their bitcoin is when they don't set a plan to follow when investing in bitcoin and they use all their money to invest in bitcoin, so when there is a dip, they will panic and sell their bitcoin to get money they will use to solve their daily expenses. But if people can set a plan that allows them to invest in bitcoin with money they will not need in the next 10 years, I think they will not panic and sell their bitcoin even when there's a dip because they plan and invest in bitcoin with money that won't stop them from solving their daily expenses.

[G_Besar]

Newbie or no newbie i believe if you have the perseverance and will you are going to make it in bitcoin investment. I know a guy who when told about bitcoin years ago decided to try it, he is the kind of person that never backs down on a target even though he is new to it and was even discouraged by the person who introduced him to it what an irony, every other person that started with him could not continue but this guy stayed and endured and now he is a millionaire, perseverance and consistency is the key to succeed not just in bitcoin but life in general it has nothing to do with you being new to something, if you have that zeal in you the sky will surely be your limit

The fact that you expressed is something that needs to be understood well by everyone without exception, because with consistent perseverance in doing it at all times, of course everyone can be successful as long as he wants to persist with what he has started. And I believe that in any job, the hardest thing is not starting it but persisting after starting it like people who have invested in Bitcoin although not everyone may be able to persist with it because the conditions may not always be the same when he does the job. But those who are able to survive well and continue to do it consistently will definitely find success because Bitcoin can still increase in conditions like this.

So there is no limit whether someone is still a newbie or not if the job they want to do is invest in Bitcoin even though those who are still newbies must also know a good exchange to be able to buy Bitcoin and also a good wallet to be able to store Bitcoin after they buy it. And now there are many people who have started trying this at this time so that the level of Bitcoin price resistance at this time is also quite strong due to the increasing buying pressure from new people who already know about Bitcoin.

[avp2306]

Someone who panic sell there bitcoin because of a dip is definitely making a mistake, because when there is a dip in the price of bitcoin it presents an opportunity for us to accumulate more with a different and more convenient price as well, but I most say it is more common with someone who is new into bitcoin, or probably doesn’t have a little basic knowledge to panic sell at this point in time

You are right ,most people  that panic and sell their bitcoins are probably traders which maybe short term investors, when there is dip many investors view it as a chance to purchase Bitcoin at a lower  price forgetting that it should be an avenue to accumulate more and hold rather than selling it,but they don’t know that Bitcoin value fluctuate rapidly,but they would be the once to regret later.

Sometimes what makes some people panic and sell their bitcoin is when they don't set a plan to follow when investing in bitcoin and they use all their money to invest in bitcoin, so when there is a dip, they will panic and sell their bitcoin to get money they will use to solve their daily expenses. But if people can set a plan that allows them to invest in bitcoin with money they will not need in the next 10 years, I think they will not panic and sell their bitcoin even when there's a dip because they plan and invest in bitcoin with money that won't stop them from solving their daily expenses.

If they are in that situation which they struggle to meet their daily needs better for them not to invest on Bitcoin yet. Its not good for anyone to sacrifice their basic needs just to invest on Bitcoin since at the end they still not going to succeed since they are struggling any any bad market movements will make them desperate to sell their Bitcoin because they afraid to lose their remaining funds.

This is why its important to have stable source of income since with this we provably don't encounter those situation and provably we could set aside some funds for investment also other things we need. 10 years is long to wait that's why people must be prepared not only financially but also emotionally since there's lot of things they provably encounter thru the whole process of their accumulation and its good if they are prepared since provably that they won't get affected even if the market dumps.

[Moreno233]

Snip

If they are in that situation which they struggle to meet their daily needs better for them not to invest on Bitcoin yet. Its not good for anyone to sacrifice their basic needs just to invest on Bitcoin since at the end they still not going to succeed since they are struggling any any bad market movements will make them desperate to sell their Bitcoin because they afraid to lose their remaining funds.

It is not only bad market condition that will make someone who invested the money for basic needs to sell, there are many factors that will force the person to sell. In fact, from the beginning, the person will be sacrificing his peace of mind investing basic needs funds into Bitcoin because there is no way someone can have asset like Bitcoin that has one of the highest known liquidity and be starving, it is a matter of minutes not even days before he sell that investment to buy food. This is why it has been emphasized that anyone without enough funds to meet basic needs and leave discretionary income should get a job to be able to improve his finances to make investment in Bitcoin possible.

Just a little reminder, investing in Bitcoin requires that an investor must set aside fund for basic needs, and invest only from discretionary income. Part of the discretionary income have to be kept for emergency which is a way of protecting the investment and ensuring that it will not be sold when the investor have needs of money not budgeted for during the planning process.

[Ricardo11]

Someone who panic sell there bitcoin because of a dip is definitely making a mistake, because when there is a dip in the price of bitcoin it presents an opportunity for us to accumulate more with a different and more convenient price as well, but I most say it is more common with someone who is new into bitcoin, or probably doesn’t have a little basic knowledge to panic sell at this point in time

You are right ,most people  that panic and sell their bitcoins are probably traders which maybe short term investors, when there is dip many investors view it as a chance to purchase Bitcoin at a lower  price forgetting that it should be an avenue to accumulate more and hold rather than selling it,but they don’t know that Bitcoin value fluctuate rapidly,but they would be the once to regret later.

Sometimes what makes some people panic and sell their bitcoin is when they don't set a plan to follow when investing in bitcoin and they use all their money to invest in bitcoin, so when there is a dip, they will panic and sell their bitcoin to get money they will use to solve their daily expenses. But if people can set a plan that allows them to invest in bitcoin with money they will not need in the next 10 years, I think they will not panic and sell their bitcoin even when there's a dip because they plan and invest in bitcoin with money that won't stop them from solving their daily expenses.

If they are in that situation which they struggle to meet their daily needs better for them not to invest on Bitcoin yet. Its not good for anyone to sacrifice their basic needs just to invest on Bitcoin since at the end they still not going to succeed since they are struggling any any bad market movements will make them desperate to sell their Bitcoin because they afraid to lose their remaining funds.

This is why its important to have stable source of income since with this we provably don't encounter those situation and provably we could set aside some funds for investment also other things we need. 10 years is long to wait that's why people must be prepared not only financially but also emotionally since there's lot of things they provably encounter thru the whole process of their accumulation and its good if they are prepared since provably that they won't get affected even if the market dumps.

To sustain an investment for the long term, it is very important to prepare yourself mentally also. Without mental preparation, an investor can easily panic and make the wrong decision due to short-term volatility. If they do not understand the real potential of Bitcoin, they will consider even a small volatility as a big negative issue, as a result of which, they can easily decide to sell their holdings despite the loss at that time.
To hold for the long term, you need to have a good financial situation, as well as prepare your mentality to buy more while dumping, instead of selling during volatility. Those who truly understand Bitcoin, they never think of selling, but no matter how much the price dumps due to volatility, they try to just buy more at that time and they are the real investors.
In short, before making a long-term investment in Bitcoin, you need to prepare yourself in all aspects, Create a strong source of income, in terms of financial security (emergency funds, reserve funds), in terms of right mental (not selling during times of instability, but buying more). Keeping all these things in mind, you need to prepare yourself in a balanced mindset, so that you never have to make the wrong decision.

[Merit.s]

Someone who panic sell there bitcoin because of a dip is definitely making a mistake, because when there is a dip in the price of bitcoin it presents an opportunity for us to accumulate more with a different and more convenient price as well, but I most say it is more common with someone who is new into bitcoin, or probably doesn’t have a little basic knowledge to panic sell at this point in time

You are right ,most people  that panic and sell their bitcoins are probably traders which maybe short term investors, when there is dip many investors view it as a chance to purchase Bitcoin at a lower  price forgetting that it should be an avenue to accumulate more and hold rather than selling it,but they don’t know that Bitcoin value fluctuate rapidly,but they would be the once to regret later.

Sometimes what makes some people panic and sell their bitcoin is when they don't set a plan to follow when investing in bitcoin and they use all their money to invest in bitcoin, so when there is a dip, they will panic and sell their bitcoin to get money they will use to solve their daily expenses. But if people can set a plan that allows them to invest in bitcoin with money they will not need in the next 10 years, I think they will not panic and sell their bitcoin even when there's a dip because they plan and invest in bitcoin with money that won't stop them from solving their daily expenses.

If they are in that situation which they struggle to meet their daily needs better for them not to invest on Bitcoin yet. Its not good for anyone to sacrifice their basic needs just to invest on Bitcoin since at the end they still not going to succeed since they are struggling any any bad market movements will make them desperate to sell their Bitcoin because they afraid to lose their remaining funds.

This is why its important to have stable source of income since with this we provably don't encounter those situation and provably we could set aside some funds for investment also other things we need. 10 years is long to wait that's why people must be prepared not only financially but also emotionally since there's lot of things they provably encounter thru the whole process of their accumulation and its good if they are prepared since provably that they won't get affected even if the market dumps.

To sustain an investment for the long term, it is very important to prepare yourself mentally also. Without mental preparation, an investor can easily panic and make the wrong decision due to short-term volatility. If they do not understand the real potential of Bitcoin, they will consider even a small volatility as a big negative issue, as a result of which, they can easily decide to sell their holdings despite the loss at that time.
To hold for the long term, you need to have a good financial situation, as well as prepare your mentality to buy more while dumping, instead of selling during volatility. Those who truly understand Bitcoin, they never think of selling, but no matter how much the price dumps due to volatility, they try to just buy more at that time and they are the real investors.
In short, before making a long-term investment in Bitcoin, you need to prepare yourself in all aspects, Create a strong source of income, in terms of financial security (emergency funds, reserve funds) in terms of right mental (not selling during times of instability, but buying more). Keeping all these things in mind, you need to prepare yourself in a balanced mindset, so that you never have to make the wrong decision.

It's not important for a new investor to set up an emergency funds before he starts his bitcoin investment. As long as he has the basic knowledge of bitcoin and his discretionary income, he is good to go. You can be investing in bitcoin and build up your emergency funds along side with your bitcoin investment by sharing your discretionary income into two parts. You use one part to be investing in bitcoin weekly with DCA, and use the other part to build your emergency funds simultaneously with your bitcoin investment.

If your emergency funds is up to at least three months of your income, you can channel that money to build your reserve funds. When you have achieved building both your emergency and reserve funds, you can then use the money to add to your DCA amount to invest aggressively. If you want to start waiting to build up your emergency funds before starting your bitcoin investment, you will be wasting a lot of time missing out the opportunity in the market and bitcoin price will keep increasing. When there's no bitcoin investment ongoing, there's no need for emergency funds. Do you know that it can take you more than one year to build your emergency funds of at least three months of your income. Waiting is never a good option.

[SOKO-DEKE]

Someone who panic sell there bitcoin because of a dip is definitely making a mistake, because when there is a dip in the price of bitcoin it presents an opportunity for us to accumulate more with a different and more convenient price as well, but I most say it is more common with someone who is new into bitcoin, or probably doesn’t have a little basic knowledge to panic sell at this point in time

You are right ,most people  that panic and sell their bitcoins are probably traders which maybe short term investors, when there is dip many investors view it as a chance to purchase Bitcoin at a lower  price forgetting that it should be an avenue to accumulate more and hold rather than selling it,but they don’t know that Bitcoin value fluctuate rapidly,but they would be the once to regret later.

Sometimes what makes some people panic and sell their bitcoin is when they don't set a plan to follow when investing in bitcoin and they use all their money to invest in bitcoin, so when there is a dip, they will panic and sell their bitcoin to get money they will use to solve their daily expenses. But if people can set a plan that allows them to invest in bitcoin with money they will not need in the next 10 years, I think they will not panic and sell their bitcoin even when there's a dip because they plan and invest in bitcoin with money that won't stop them from solving their daily expenses.

If they are in that situation which they struggle to meet their daily needs better for them not to invest on Bitcoin yet. Its not good for anyone to sacrifice their basic needs just to invest on Bitcoin since at the end they still not going to succeed since they are struggling any any bad market movements will make them desperate to sell their Bitcoin because they afraid to lose their remaining funds.

This is why its important to have stable source of income since with this we provably don't encounter those situation and provably we could set aside some funds for investment also other things we need. 10 years is long to wait that's why people must be prepared not only financially but also emotionally since there's lot of things they provably encounter thru the whole process of their accumulation and its good if they are prepared since provably that they won't get affected even if the market dumps.

To sustain an investment for the long term, it is very important to prepare yourself mentally also. Without mental preparation, an investor can easily panic and make the wrong decision due to short-term volatility. If they do not understand the real potential of Bitcoin, they will consider even a small volatility as a big negative issue, as a result of which, they can easily decide to sell their holdings despite the loss at that time.
To hold for the long term, you need to have a good financial situation, as well as prepare your mentality to buy more while dumping, instead of selling during volatility. Those who truly understand Bitcoin, they never think of selling, but no matter how much the price dumps due to volatility, they try to just buy more at that time and they are the real investors.
In short, before making a long-term investment in Bitcoin, you need to prepare yourself in all aspects, Create a strong source of income, in terms of financial security (emergency funds, reserve funds) in terms of right mental (not selling during times of instability, but buying more). Keeping all these things in mind, you need to prepare yourself in a balanced mindset, so that you never have to make the wrong decision.

It's not important for a new investor to set up an emergency funds before he starts his bitcoin investment. As long as he has the basic knowledge of bitcoin and his discretionary income, he is good to go. You can be investing in bitcoin and build up your emergency funds along side with your bitcoin investment by sharing your discretionary income into two parts. You use one part to be investing in bitcoin weekly with DCA, and use the other part to build your emergency funds simultaneously with your bitcoin investment.

If your emergency funds is up to at least three months of your income, you can channel that money to build your reserve funds. When you have achieved building both your emergency and reserve funds, you can then use the money to add to your DCA amount to invest aggressively. If you want to start waiting to build up your emergency funds before starting your bitcoin investment, you will be wasting a lot of time missing out the opportunity in the market and bitcoin price will keep increasing. When there's no bitcoin investment ongoing, there's no need for emergency funds. Do you know that it can take you more than one year to build your emergency funds of at least three months of your income. Waiting is never a good option.

Yes, I agree with you. As a new investor, it is not a must that an investor has to start building their emergency fund before investing in Bitcoin, or that they must start saving for an emergency fund at the same time as buying Bitcoin. However, if the investor has the money to start funding their emergency account while also starting to invest in Bitcoin, that is also a good idea.So, it is better to focus on Bitcoin investment rather than waiting to save up enough money to build an emergency fund first. People should also understand that their emergency fund does not need to be equal to or even half of their investment. An emergency fund is just a certain amount of money set aside for unexpected situations. As you said, three months of someone income should be sufficient for an emergency fund.

[Bitcoin.com97]

Someone who panic sell there bitcoin because of a dip is definitely making a mistake, because when there is a dip in the price of bitcoin it presents an opportunity for us to accumulate more with a different and more convenient price as well, but I most say it is more common with someone who is new into bitcoin, or probably doesn’t have a little basic knowledge to panic sell at this point in time

You are right ,most people  that panic and sell their bitcoins are probably traders which maybe short term investors, when there is dip many investors view it as a chance to purchase Bitcoin at a lower  price forgetting that it should be an avenue to accumulate more and hold rather than selling it,but they don’t know that Bitcoin value fluctuate rapidly,but they would be the once to regret later.

Sometimes what makes some people panic and sell their bitcoin is when they don't set a plan to follow when investing in bitcoin and they use all their money to invest in bitcoin, so when there is a dip, they will panic and sell their bitcoin to get money they will use to solve their daily expenses. But if people can set a plan that allows them to invest in bitcoin with money they will not need in the next 10 years, I think they will not panic and sell their bitcoin even when there's a dip because they plan and invest in bitcoin with money that won't stop them from solving their daily expenses.

If they are in that situation which they struggle to meet their daily needs better for them not to invest on Bitcoin yet. Its not good for anyone to sacrifice their basic needs just to invest on Bitcoin since at the end they still not going to succeed since they are struggling any any bad market movements will make them desperate to sell their Bitcoin because they afraid to lose their remaining funds.

This is why its important to have stable source of income since with this we provably don't encounter those situation and provably we could set aside some funds for investment also other things we need. 10 years is long to wait that's why people must be prepared not only financially but also emotionally since there's lot of things they provably encounter thru the whole process of their accumulation and its good if they are prepared since provably that they won't get affected even if the market dumps.

Personally I really don’t think someone who is struggling to survive can go into investments, before going into Bitcoin investment one need to be financially stable, having a reliable source of income also support and help investment and one also Need to be prepared emotionally before investing into Bitcoin , having a clear picture that investing in a longer term is the goal ,and they must make sure daily needs are met with that it can help in market volatility, all this will contribute to the success of the long term investment .

[Brainnybtc]

Yes, I agree with you. As a new investor, it is not a must that an investor has to start building their emergency fund before investing in Bitcoin, or that they must start saving for an emergency fund at the same time as buying Bitcoin. However, if the investor has the money to start funding their emergency account while also starting to invest in Bitcoin, that is also a good idea.So, it is better to focus on Bitcoin investment rather than waiting to save up enough money to build an emergency fund first. People should also understand that their emergency fund does not need to be equal to or even half of their investment. An emergency fund is just a certain amount of money set aside for unexpected situations. As you said, three months of someone income should be sufficient for an emergency fund.

I just think that you don't have  to save up too much as an emergency funds when investing, let it just be at a level where it can address you basic needs for like three months, then it's ok, because i believe that any money that can take care of your needs for like three months will be enough to withstand any emergency situation that may arise in the future when investing in Bitcoin.

[Gost ms]

Personally I really don’t think someone who is struggling to survive can go into investments, before going into Bitcoin investment one need to be financially stable, having a reliable source of income also support and help investment and one also Need to be prepared emotionally before investing into Bitcoin , having a clear picture that investing in a longer term is the goal ,and they must make sure daily needs are met with that it can help in market volatility, all this will contribute to the success of the long term investment .

It is very important for a person to have a stable source of income to invest. Instead of trying to buy a whole Bitcoin, a person adopts the DCA method which can be expensive, which allows us to buy small amounts every week or month or regularly, depending on our ability. This method allows us to invest quickly without waiting for financial stability, gradually builds our Bitcoin number over time and even helps us to average our purchase price, helping us reduce our risk. It is very important for us to have proper financial management. There are many people who invest but they can manage their money properly, which is why they often have to sell their holdings.

For example, if someone invests and spends a lot of money on it. If he spends more than his stable income, then he may end up in debt and have to sell his holdings. If you do not have an emergency fund ready, create an emergency fund in addition to your investment. Create an emergency fund equal to 3 times your stable income.

[Zackz5000]

Personally I really don’t think someone who is struggling to survive can go into investments, before going into Bitcoin investment one need to be financially stable, having a reliable source of income also support and help investment and one also Need to be prepared emotionally before investing into Bitcoin , having a clear picture that investing in a longer term is the goal ,and they must make sure daily needs are met with that it can help in market volatility, all this will contribute to the success of the long term investment .

It is very important for a person to have a stable source of income to invest. Instead of trying to buy a whole Bitcoin, a person adopts the DCA method which can be expensive, which allows us to buy small amounts every week or month or regularly, depending on our ability. This method allows us to invest quickly without waiting for financial stability, gradually builds our Bitcoin number over time and even helps us to average our purchase price, helping us reduce our risk. It is very important for us to have proper financial management. There are many people who invest but they can manage their money properly, which is why they often have to sell their holdings.

For example, if someone invests and spends a lot of money on it. If he spends more than his stable income, then he may end up in debt and have to sell his holdings. If you do not have an emergency fund ready, create an emergency fund in addition to your investment. Create an emergency fund equal to 3 times your stable income.

You may be getting your readers a bit confused with your statement, I still wonder how the DCA strategy can be expensive and also allow us to accumulate Bitcoin gradually it seems you are missing up the whole thing all together, well Investing in bitcoin doesn't necessarily means that one must have a stable source of income before getting started and also the reason why DCA strategy is mostly adopted is because it doesn't require you to buy a whole bitcoin at ones but gradually little by little either weekly or monthly irrespective of bitcoin price using your discretionary income to accumulate and set up your emergency fund along your accumulation process it must no be before getting started.