Buy Buy Buy or Sell Sell Sell?

[Humblevirus]

However it is also good for a newbie not to jump into investing in Bitcoin when he doesn't have proper knowledge about bitcoin because if he does,he would make a lot of terrible mistakes along the line. It is good for him to seek guildline from an experience long term investor that will orientate him and also keep him on check.

Newbies don’t need to learn much before they can start investing in Bitcoin. What they need is just basic knowledge. Once they start investing, they can gradually learn whatever they want to know about Bitcoin. Waiting to learn everything about Bitcoin before investing is, in my view, a waste of opportunities  because Bitcoin’s price is unpredictable.So, the best approach for a newbie is: after getting the basic knowledge, they should focus on accumulation. As long as someone has a long-term aim of holding Bitcoin, it will be hard for them to make the common newbie mistake of selling when the market is dumping.

In fact, you don’t need to go too deep into Bitcoin knowledge to be an investor. All you need is to ensure proper security for your Bitcoin  like moving your Bitcoin from exchanges to your personal wallet, where you have full control of your asset.that said, it's not necessary to immediately move your Bitcoin to a non-custodial wallet when you first start accumulating. That’s something you can do later, once your holdings reach a certain amount worth protecting.

[Bitcoin.com97]

You don't have to have it all before you start your Bitcoin accumulation journey, all you just need is a source of income where you can be getting your discretionary income from, and it's through there you invest from, so you don't necessarily need to have it all before you start, along the line you can work on a way to improve your finances so that you can be more comfortable while investing.

I get pissed when some people don't really get this things straight although I know that it could be as a result of ignorance, Bitcoin investment is for everyone no matter your financial status but the most important thing is to have something that you are doing that fetch you some money to sustain the investment constantly no matter how small hence you are kind of investor who will want to do more once you double or triple up your source of income, I think people don't understand why it is very necessary for them to start first, our mindset can be an obstacles to us concerning our investment plans, so if we can break out from such obstacle of mindset that always tell us that we can do it then we can start from their to get to somewhere, the ability to start graduates us to the next level, why will one even think that he has to get to a certain level of financial stability before he can actually invest, I think such person may wait forever if he don't rethink.

Most people fail to understand that it is a long term investment and it’s advisable to start small no matter how little and they will be amazed at their portfolio , the year is running so fast , time wait for no one , but most people allow their mindset to limit them by believing one must be financially stable forgetting that with the little you have , one can start from there , if you are waiting for one big contract before you can invest , before you know it 1 or 2 years has past by them you start regretting why you didn’t start small with that your discretionary income , it’s better to start small than regret tomorrow while waiting for a big amount to start with .

I think someone can start with the little they have if after Investing it won't choke them later but if someone knows that if after Investing in Bitcoin their responsibilities and there needs will choke them then I will suggest they don't invest in Bitcoin at all because it makes no sense after investing you went back to sell your coin because of your inability to take care of your needs and wants.

If the person feel the big contract will definitely come and they don't have all it takes to invest and maintain their investment at the moment I will advise they wait for the big contract and while they are waiting for the contract they are also hustling to make things work out so should in case the big contract doesn't work out they won't be hopeless and stranded. Remember it is not every time, it is better to start small because sometimes you will regret why you started small.

I think they have said it countless times here , when investing , make sure you are using your discretionary income whereas you have paid all your expenses, the money left is what you should use to invest so it won’t choko  you , You don’t need to have it all before you can start your Bitcoin journey, waiting for a big contract to kick off before you start will only cost you a regret , as long as you have a source of income , all you need is to start from somewhere as time goes on you increase your Bitcoin accumulation .

[Miramax12]

perhaps meeting the market value at this point $118 is not supposed to be considered as late entry, if you consider this as late entry how much more those that may likely meet the price at $200k.......they won't see it as a late entry while those early investors that meet the price at a starting point would see it as a late entry, but one thing for sure is, they're going to learn there lessons so that when next they're given such opportunity they won't let it slide but to utilize it in that initial time.

First off is their anything like late entry in Bitcoin investment, I think the answer is no, yea people might have made the mistake of not investing in Bitcoin when they are supposed to buy that doesn't stop them from investing anytime what matters now is their ability not to keep waiting and wondering about, even though Bitcoin price touches down to $200k as you said those that couldn't by then may still want to buy because they now understand better that what they are actually looking at is not the immediate price rather it is the future that matters, at any point in time, anyone can actually invest, if those that couldn't invest at a low price keep giving themselves excuses, them just know that they weren't actually ready to invest but as for someone that has learnt his or her lesson I think there's nothing anyone will tell him to deter him from investing in Bitcoin even when the price is high.

There is really no such thing as being too late when it comes to Bitcoin it is  more about mindset than timing. some  people get stuck waiting for the perfect” entry point  not realizing that time in the market beats timing, The truth is Bitcoin has proven itself over and over again and what matters most is understanding the long-term potential, not just short-term price movements. Any one who has truly learned from past regrets wont keep hesitating whether Bitcoin is $200k or $300k, they we act because it  see the bigger picture. so is not about catching the bottom its about getting in and staying committed.
 

[Joy- maker]

Currently, I don't think that any coin can pop up in future that will take over dominance from bitcoin because bitcoin has already achieved a milestone that no digital currency have achieved one-tenth of it. Don't forget that it's because of the problem that bitcoin is solving that is leading to its adoption due to her decentralized nature and censorship resistance. After bitcoin was created every other coin that was created after bitcoin was unable have that uniqueness of bitcoin because they are centralized and the dev created these shitcoins to scam people from their hard earned money through pump and dump.

I gree with you on this, because currently I don see  me too don't see any shitcoin pumping in the future that will take over dominance from bitcoin, normally I see other shitcoins as coin's that is just getting started, while bitcoin has already achieved a milestone that no digital currency have achieved even one tenth of it. Bitcoin is Very unique and the reason for mass adoption of bitcoin is  because people see bitcoin as a safe heaven for storing wealth. Bitcoin security is the security you can strust, bitcoin is bringing the world together, only the benefits of bitcoin to the global economy is enough reason for you believe that bitcoin remains the king.

[JayJuanGee]

You don't have to have it all before you start your Bitcoin accumulation journey, all you just need is a source of income where you can be getting your discretionary income from, and it's through there you invest from, so you don't necessarily need to have it all before you start, along the line you can work on a way to improve your finances so that you can be more comfortable while investing.

I get pissed when some people don't really get this things straight although I know that it could be as a result of ignorance, Bitcoin investment is for everyone no matter your financial status but the most important thing is to have something that you are doing that fetch you some money to sustain the investment constantly no matter how small hence you are kind of investor who will want to do more once you double or triple up your source of income, I think people don't understand why it is very necessary for them to start first, our mindset can be an obstacles to us concerning our investment plans, so if we can break out from such obstacle of mindset that always tell us that we can do it then we can start from their to get to somewhere, the ability to start graduates us to the next level, why will one even think that he has to get to a certain level of financial stability before he can actually invest, I think such person may wait forever if he don't rethink.

Most people fail to understand that it is a long term investment and it’s advisable to start small no matter how little and they will be amazed at their portfolio , the year is running so fast , time wait for no one , but most people allow their mindset to limit them by believing one must be financially stable forgetting that with the little you have , one can start from there , if you are waiting for one big contract before you can invest , before you know it 1 or 2 years has past by them you start regretting why you didn’t start small with that your discretionary income , it’s better to start small than regret tomorrow while waiting for a big amount to start with .

     
I would support the fact that starting small is better than doing nothing at all. Many people understand that investing requires investing a lot of money but it can also be started with a small amount and it is very valuable even if you start with a small amount. However, whether the investment is small or big, it is better to start investing with a little understanding of the investment, market volatility and investment goals.

Suppose someone has started investing a small part of his income every week. Even though the investment amount is very small, when that person continues to invest slowly, if the market suddenly falls, he will face financial losses. Although this financial loss is very small, if there is no proper knowledge about this matter, the small financial loss will create a reaction in him. As a result, he may decide to sell. Those who we see buying today and selling tomorrow and continuing to invest are basically these small investors. They have not prepared themselves about the market situation and financial risks, so even a small financial loss can have a big impact on them. As a result, he cannot continue with his goals.

On the other hand, another person is also investing a very small amount of money every week but he has started investing with knowledge of investment and market volatility.  In this case, when he continues to invest and suddenly faces a market decline, he will not be upset. He will see it as normal and believe that the price will rise again and he will remain steadfast in his long-term plan.

Whether the investment is small or large, a conscious investor has long-term goals and does not react to immediate emotions. Small investors who can start investing with their own knowledge and make the right decisions over time are the ones who achieve great success at one time.

You make good points about the size of the investment can affect emotions, and emotions can affect doing the wrong thing, such as selling when a person probably should be buying.

Whether the investment is large or small should not make a difference if a person is in a correct mindset, and frequently, if they have some amount that they are investing every week no matter what then maybe they can put themselves into a better mindset by telling themselves that they are buying no matter what every week for 4 years or longer and then at some point (perhaps close to 4 years) they will reassess where they are at and whether they need to change their strategy.

First off is their anything like late entry in Bitcoin investment, I think the answer is no, yea people might have made the mistake of not investing in Bitcoin when they are supposed to buy that doesn't stop them from investing anytime what matters now is their ability not to keep waiting and wondering about, even though Bitcoin price touches down to $200k as you said those that couldn't by then may still want to buy because they now understand better that what they are actually looking at is not the immediate price rather it is the future that matters, at any point in time, anyone can actually invest, if those that couldn't invest at a low price keep giving themselves excuses, them just know that they weren't actually ready to invest but as for someone that has learnt his or her lesson I think there's nothing anyone will tell him to deter him from investing in Bitcoin even when the price is high.

When bitcoin touches $200k, $2 million and/or even $20 million and higher, anyone who happens to be a no coiner or a low coiner at that time, has no choice, except to buy bitcoin in order to prepare for up and to save their value in something that holds or appreciates in value... otherwise they are not prepared for up... so yeah, it is too bad if they had not actually prepared earlier.. but that is likely the way that we are going to continue to go in regards to bitcoin.. with the low coiners and no coiners continuing to have to buy at higher and higher prices in order to change their status into being an actual coiner, which it likely where many folks are going to need/want to be, at some point, sooner or later, especially if they want to build and/or preserve wealth rather than having to always be working to get money and their savings not sufficiently holding value.

This leads to me asking this question, do you ever thing bitcoin can rise so high that it will hit $20m in the future, whats the guarantee and how can one be so confident that bitcoin will not loose  before it rise so high?

Of course bitcoin can go to $20 million in the future, since that it is merely 200x from today's price... and yeah it could take a bit of time to get up to such a price, so I doubt that it is anything that any of us should be overly reliant upon.

There are no guarantees in regards to the future, and yes, bitcoin could go down rather than up, so we can merely consider various aspects of bitcoin and what is bitcoin's addressable market.

I would suggest that bitcoin's addressable market is about $1 quadrillion in value, yet bitcoin's market cap is about $2 trillion, so that means that bitcoin is about 1/500th of its current addressable market... so yeah, it could take 50-200 years or more to reach it's total addressable market, and there could be a lot of volatility along the way, and bitcoin could even break at some point, so of course, there are no guarantees.

When considering bitcoin's upside versus it's downside, you may well need to consider various possibilities and even assign probabilities to each of the various probable scenarios, as I attempted to do in December 2021.  There is nothing that is 100% and we merely would be trying to assign probabilities within our own conceptions of the world, and others might not even agree with us, and we might even change our mind about some of our own probability assignments at some later point down the road.

i also have this believe as a matter of time, bitcoin will soon get a competitor that can be able to compete with it which can give people an alternative to go for the coin instead.

Of course, you can have whatever view of the world that you like and assign various probabilities to such scenarios playing out.

One of the mistakes that people make about bitcoin is failing to recognize and appreciate its unique contribution in regards to investing/discovering a way to assure digital scarcity, and so it had more than a whole cycle before the various shitcoins tried to provide comptetive products, and even the products that came out were way inferior to bitcoin, and even some of them that might be superior, they were not superior enough.

Generally speaking with a protocol level kind of invention/discovery, any competitor would need to be 10x or more better in order to displace the incumbents, so it is hard to imagine any better competitor when bitcoin is already more than 10x better than gold and also more than 10x better than fiat, so bitcoin is in the process of displacing gold and fiat...

Even though I agree that it is possible for something to come along to displace bitcoin, yet it still seems so hard to imagine such a thing coming along, and even if there were a better competitor, there would be nothing stopping any of us to migrate over to such better thing, and they currently do not exist, especially dumb-ass proof of stake scams.

just like the bitcoin became an alternative to the fiat. the fiat was what we knew for ages before the coming of bitcoin, I am scared a time will come bitcoin will lose its value once it has a very strong competitor.

Even if you have valid fears, such fears should not stop you from investing in bitcoin today, especially if you have already identified bitcoin as the best and that is asymmetric information that an overwhelming majority of normies still do not understand.  You do seem to be having trouble believing that bitcoin is the best, and that is largely going to hurt you, but so what? each of us has to learn at our own pace, so some folks take longer than others, and sure it is possible that some of us who are believing in bitcoin are wrong in regards to our beliefs.
 

i know what I'm saying is not what will happen now or in the nearest future (maybe after the people of our era cease to exist, I don't know) but there will come a time when bitcoin will no longer be relevant or so highly valued, are experts already looking at that future and what are the alternatives?

It sounds that they are distracted into irrelevant bullshit.

One of the most important things right now today is an amazing invention/discovery called bitcoin, and an overwhelming majority of the world's population do not know what the fuck it is, and for that reason there is an asymmetric bet to the upside in which those of us who are investing into it now are likely going to be greatly rewarded for our having had gotten in on it early as compared with the rest of the world's population who are going to be forced to come at a later date.

If something comes in the future, then we can cross that bridge in the future, yet for now, if we are even trying to stay focused, we should be accumulating as much bitcoin as we can without over doing it.

But, yeah, whatever, you can consider and wonder about various alternative theories/assets, and even sucked into investing into various shitcoins. That's your free choice, even though you know about bitcoin, you want to be smarter than everyone else, so you go ahead and find your project that is going to be the next bitcoin .. but not only bitcoin but bitcoin x10.. blah blah blah..  There is no such thing.. .at least not yet.. and if one comes along, we can cross that bridge at that time.

The majority of newbies, in my opinion, are unable to see the significance and effect of Bitcoin's potential and the need to have trust in its sustained rise.  As a Bitcoin investor or evangelist, I must first state that you must acknowledge and embrace its ideals before making an investment.  I suppose the first thing an investor should think about is that.  You also mentioned that it's crucial for investors to have a strong faith in Bitcoin, believing in its future growth and realising that it's preferable to choose long-term growth over short-term gain when it comes to Bitcoin investment.

your faith in bitcoin is more like the prerequisite thing that gets you started in bitcoin investment, once you have started, you should not be talking about not having too much faith in bitcoin or not, what you should be talking about is how you can effectively remain invested for the long run and set parameters in place that will help you get the best from your investment...

You can start investing in bitcoin with little faith and still succeed. I don't us to attach too much religion to financial investment because that can bring some form or careless behavior with the belief that their faith will correct such actions. What is needed to succeed in bitcoin is not all about faith but following the right approach which is investing with only discretionary income, setting up emergency funds and ensuring you plan long term. Even if you are new to bitcoin and do not have much faith in it but you follow this step, you will succeed as a bitcoin investor. Key point is, don't over complicate the process.

This is a good point adultcrypto since we don't need to have faith from the start and we could even be somewhat bearish, and in some sense, if we try to figure out our position size in accordance with our level of doubt or our level of bullishness, we can adjust our position size to become greater in the future if we become more bullish in the future.

[Tonimez]

[Edit out]

This is a good point adultcrypto since we don't need to have faith from the start and we could even be somewhat bearish, and in some sense, if we try to figure out our position size in accordance with our level of doubt or our level of bullishness, we can adjust our position size to become greater in the future if we become more bullish in the future.

This is very correct. Human mind works in away that whatever you set your focus on, you unendingly expect it to happen at that extent or more but nothing less. The level of faith/expectation placed in bitcoin is the driving force to how dedicated and disciplined and investor would be while engaging in his bitcoin investment. Being bearish would allow you lower your expectations and when it turns bullish, the joy would be stronger. But being too bullish in your expectations may expose you to investing beyond your capacity which would also make you unable to hold for long.

[Barikui1]

There is really no such thing as being too late when it comes to Bitcoin it is  more about mindset than timing. some  people get stuck waiting for the perfect” entry point  not realizing that time in the market beats timing, The truth is Bitcoin has proven itself over and over again and what matters most is understanding the long-term potential, not just short-term price movements. Any one who has truly learned from past regrets wont keep hesitating whether Bitcoin is $200k or $300k, they we act because it  see the bigger picture. so is not about catching the bottom its about getting in and staying committed.
 

Yea, I think that you are actually right here, acquiring Bitcoin now might look very expensive but in real sense it's extremely cheap because in the future, Bitcoin has the capacity of doing up to 10x to 20x of it current price, so it is just a matter of time, so getting Bitcoin at this present rate looks like a steal if you are only thinking long term, it is only those that are myopic about it, that are only thinking of making profit that are not seeing the bigger picture in years to come, because they are just too blind in their quest for short term gains .
By looking at the factors surrounding Bitcoin and it limited supply, no right thinking person that wouldn't be sure of the huge returns Bitcoin can brings, because the more the adoption, the more it surge in value.

[Miramax12]

However it is also good for a newbie not to jump into investing in Bitcoin when he doesn't have proper knowledge about bitcoin because if he does,he would make a lot of terrible mistakes along the line. It is good for him to seek guildline from an experience long term investor that will orientate him and also keep him on check.

Newbies don’t need to learn much before they can start investing in Bitcoin. What they need is just basic knowledge. Once they start investing, they can gradually learn whatever they want to know about Bitcoin. Waiting to learn everything about Bitcoin before investing is, in my view, a waste of opportunities  because Bitcoin’s price is unpredictable.So, the best approach for a newbie is: after getting the basic knowledge, they should focus on accumulation. As long as someone has a long-term aim of holding Bitcoin, it will be hard for them to make the common newbie mistake of selling when the market is dumping.

In fact, you don’t need to go too deep into Bitcoin knowledge to be an investor. All you need is to ensure proper security for your Bitcoin  like moving your Bitcoin from exchanges to your personal wallet, where you have full control of your asset.that said, it's not necessary to immediately move your Bitcoin to a non-custodial wallet when you first start accumulating. That’s something you can do later, once your holdings reach a certain amount worth protecting.

Exactly , some  people delay getting started because they think they need to know everything first, but the truth is you learn best by doing. Bitcoin is not a school subject it is an experience Once you have the basics  knowledge , how to secure your assets the rest comes naturally as you grow in the space And I agree with the part about security. At first a trusted exchange might be okay  especially for small amounts but over time, moving to a non-custodial wallet gives that peace of mind and real ownership. The most important thing is to start  Waiting for perfect knowledge.

[Finebone]

Exactly , some  people delay getting started because they think they need to know everything first, but the truth is you learn best by doing. Bitcoin is not a school subject it is an experience Once you have the basics  knowledge , how to secure your assets the rest comes naturally as you grow in the space And I agree with the part about security. At first a trusted exchange might be okay  especially for small amounts but over time, moving to a non-custodial wallet gives that peace of mind and real ownership. The most important thing is to start  Waiting for perfect knowledge.

What you just need to get started is your discretionary income and the basic knowledge about Bitcoin, you saying that it's an experience is not proper because if an individual don't have the basic knowledge about Bitcoin, it would be wrong starting and hoping that experience will see him through in his Bitcoin investment.
You just have to know how to accumulate consistently and what is required to hold resiliently without you tempering with your holdings, which is having an emergency funds and a reserve funds, because those are the key things that enables you to hold without tempering with it.

[Yablee0]

Exactly , some  people delay getting started because they think they need to know everything first, but the truth is you learn best by doing. Bitcoin is not a school subject it is an experience Once you have the basics  knowledge , how to secure your assets the rest comes naturally as you grow in the space And I agree with the part about security. At first a trusted exchange might be okay  especially for small amounts but over time, moving to a non-custodial wallet gives that peace of mind and real ownership. The most important thing is to start  Waiting for perfect knowledge.

What you just need to get started is your discretionary income and the basic knowledge about Bitcoin, you saying that it's an experience is not proper because if an individual don't have the basic knowledge about Bitcoin, it would be wrong starting and hoping that experience will see him through in his Bitcoin investment.
You just have to know how to accumulate consistently and what is required to hold resiliently without you tempering with your holdings, which is having an emergency funds and a reserve funds, because those are the key things that enables you to hold without tempering with it.

No two way about it you have made your point clear, you don't need to have the  whole money on earth before investing in bitcoin with your little balance after all bills have been settled and your little knowledge on how to hold for long term you are good to go.

[Cossyblack]

However it is also good for a newbie not to jump into investing in Bitcoin when he doesn't have proper knowledge about bitcoin because if he does,he would make a lot of terrible mistakes along the line. It is good for him to seek guildline from an experience long term investor that will orientate him and also keep him on check.

Newbies don’t need to learn much before they can start investing in Bitcoin. What they need is just basic knowledge. Once they start investing, they can gradually learn whatever they want to know about Bitcoin. Waiting to learn everything about Bitcoin before investing is, in my view, a waste of opportunities  because Bitcoin’s price is unpredictable.So, the best approach for a newbie is: after getting the basic knowledge, they should focus on accumulation. As long as someone has a long-term aim of holding Bitcoin, it will be hard for them to make the common newbie mistake of selling when the market is dumping.

In fact, you don’t need to go too deep into Bitcoin knowledge to be an investor. All you need is to ensure proper security for your Bitcoin  like moving your Bitcoin from exchanges to your personal wallet, where you have full control of your asset.that said, it's not necessary to immediately move your Bitcoin to a non-custodial wallet when you first start accumulating. That’s something you can do later, once your holdings reach a certain amount worth protecting.

Exactly , some  people delay getting started because they think they need to know everything first, but the truth is you learn best by doing. Bitcoin is not a school subject it is an experience Once you have the basics  knowledge , how to secure your assets the rest comes naturally as you grow in the space And I agree with the part about security. At first a trusted exchange might be okay  especially for small amounts but over time, moving to a non-custodial wallet gives that peace of mind and real ownership. The most important thing is to start  Waiting for perfect knowledge.

Delay in investment in Bitcoin is not encouraging as the market wouldn't wait for you until you have completely made up your mind. If you continue Procrastinating your moves From starting your  Bitcoin investment today,it may result or causes you never to invest in Bitcoin again. What's is needed of you is to have your discretional income ready and to learn and understand how to start purchasing Bitcoin right way. Once you have learnt how to buy Bitcoin on your own and have your discretional income ready,then you can start investing in Bitcoin for the long term. It is not mandatory that you must know everything about bitcoin before starting your Bitcoin investments but only the basics is enough for the starts. Consistency, sustainability and patient are important key factors that should be taking serious when accumulating Bitcoin. For you to be consistent in accumulating Bitcoin,then this is where DCA strategy comes in. By been consistent in accumulating Bitcoin using DCA,you wouldn't have the time to start timing the market anymore. It is mandatory that you should starts building your Emergency and Reserve funds alongside your Bitcoin investment to keep your investment safe from unexpected future interference while holding for the long term.

[Spaceman1000$]

There is really no such thing as being too late when it comes to Bitcoin it is  more about mindset than timing. some  people get stuck waiting for the perfect” entry point  not realizing that time in the market beats timing, The truth is Bitcoin has proven itself over and over again and what matters most is understanding the long-term potential, not just short-term price movements. Any one who has truly learned from past regrets wont keep hesitating whether Bitcoin is $200k or $300k, they we act because it  see the bigger picture. so is not about catching the bottom its about getting in and staying committed.
 

Yea, I think that you are actually right here, acquiring Bitcoin now might look very expensive but in real sense it's extremely cheap because in the future, Bitcoin has the capacity of doing up to 10x to 20x of it current price, so it is just a matter of time, so getting Bitcoin at this present rate looks like a steal if you are only thinking long term, it is only those that are myopic about it, that are only thinking of making profit that are not seeing the bigger picture in years to come, because they are just too blind in their quest for short term gains .
By looking at the factors surrounding Bitcoin and it limited supply, no right thinking person that wouldn't be sure of the huge returns Bitcoin can brings, because the more the adoption, the more it surge in value.

This is the major reason why those of them that I've stood around and understand the dynamics of Bitcoin specifically how it works, will continue to make more profit. in most journeys, the starting point is always the difficult part, as at today those who are not too inclined with the Bitcoin environment will see the market price value at the moment as too expensive for them, forgetting that they are playing a catch up game with a ship that has already sailed.  Bitcoin has a market capitalization of over 2 trillion dollars, so anybody that is sensible enough will understand that even though you cannot be a major stakeholder in this environment, at least you should be a field Marshal with fractions of Bitcoin that you can afford for a period of time.

[Oshio-man]

Exactly , some  people delay getting started because they think they need to know everything first, but the truth is you learn best by doing. Bitcoin is not a school subject it is an experience Once you have the basics  knowledge , how to secure your assets the rest comes naturally as you grow in the space And I agree with the part about security. At first a trusted exchange might be okay  especially for small amounts but over time, moving to a non-custodial wallet gives that peace of mind and real ownership. The most important thing is to start  Waiting for perfect knowledge.

What you just need to get started is your discretionary income and the basic knowledge about Bitcoin, you saying that it's an experience is not proper because if an individual don't have the basic knowledge about Bitcoin, it would be wrong starting and hoping that experience will see him through in his Bitcoin investment.
You just have to know how to accumulate consistently and what is required to hold resiliently without you tempering with your holdings, which is having an emergency funds and a reserve funds, because those are the key things that enables you to hold without tempering with it.

No two way about it you have made your point clear, you don't need to have the  whole money on earth before investing in bitcoin with your little balance after all bills have been settled and your little knowledge on how to hold for long term you are good to go.

Anyone that have such thought will never invest in bitcoin or show interest in bitcoin, to use all his funds to buy bitcoin because bitcoin investment doesn't require huge amount of funds before you can buy or invest. The most important thing newbies need to understand before investing or buying bitcoin is that, they should be ready to invest what they can afford to lose in bitcoin investment, once they take this advice from the professional investors or traders, it will be easy for them to take advantage of bearish season to buy bitcoin and hold for long term for income purposes, but for those that have the funds to buy bitcoin, they can visit the market at anytime to buy and hold bitcoin.

[Proty]

Exactly , some  people delay getting started because they think they need to know everything first, but the truth is you learn best by doing. Bitcoin is not a school subject it is an experience Once you have the basics  knowledge , how to secure your assets the rest comes naturally as you grow in the space And I agree with the part about security. At first a trusted exchange might be okay  especially for small amounts but over time, moving to a non-custodial wallet gives that peace of mind and real ownership. The most important thing is to start  Waiting for perfect knowledge.

What you just need to get started is your discretionary income and the basic knowledge about Bitcoin, you saying that it's an experience is not proper because if an individual don't have the basic knowledge about Bitcoin, it would be wrong starting and hoping that experience will see him through in his Bitcoin investment.
You just have to know how to accumulate consistently and what is required to hold resiliently without you tempering with your holdings, which is having an emergency funds and a reserve funds, because those are the key things that enables you to hold without tempering with it.

No two way about it you have made your point clear, you don't need to have the  whole money on earth before investing in bitcoin with your little balance after all bills have been settled and your little knowledge on how to hold for long term you are good to go.

Anyone that have such thought will never invest in bitcoin or show interest in bitcoin, to use all his funds to buy bitcoin because bitcoin investment doesn't require huge amount of funds before you can buy or invest. The most important thing newbies need to understand before investing or buying bitcoin is that, they should be ready to invest what they can afford to lose in bitcoin investment, once they take this advice from the professional investors or traders, it will be easy for them to take advantage of bearish season to buy bitcoin and hold for long term for income purposes, but for those that have the funds to buy bitcoin, they can visit the market at anytime to buy and hold bitcoin.

The most important thing for a newbie is to be able to determine whether they have discretionary income or not before they can start accumulating bitcoin. Once they  are  able to sort out there discretionary income after meeting up with there daily or monthly expenses then they are good to start there accumulation journey, using any of the strategies that is best suitable for then , preferably DCA strategy. This idea of taking advantage of bearish season will definitely deter so many newbies from investing in bitcoin, since they will be waiting for the price to dip before they will start accumulating bitcoin , this will make them to miss market opportunities instead of focusing on accumulating bitcoin persistently, continuous and consistently inorder to build up a better portfolio in bitcoin.

[inearth]

[Edit out]

This is a good point adultcrypto since we don't need to have faith from the start and we could even be somewhat bearish, and in some sense, if we try to figure out our position size in accordance with our level of doubt or our level of bullishness, we can adjust our position size to become greater in the future if we become more bullish in the future.

This is very correct. Human mind works in away that whatever you set your focus on, you unendingly expect it to happen at that extent or more but nothing less. The level of faith/expectation placed in bitcoin is the driving force to how dedicated and disciplined and investor would be while engaging in his bitcoin investment. Being bearish would allow you lower your expectations and when it turns bullish, the joy would be stronger. But being too bullish in your expectations may expose you to investing beyond your capacity which would also make you unable to hold for long.

In Bitcoin investment, a successful investor should maintain a balance between the two perspectives of bullish and bearish. By bullish, we mean being optimistic that the market will increase, and by bearish, we mean being cautious that the market will decrease. In investment, being completely bullish and completely bearish is not good.

In reality, when you are very optimistic about the growth of the market, that is, bullish, you will also keep in mind the loss or decline, that is, bearish thinking. When you can think of these two in balance, this balance will make you a patient, rational and sustainable investor.

Generally, when we expect the price to increase and we are interested in staying in the market, the price will increase. But what if we think that the price will only increase and start pouring all the money in, then what will happen when the price falls?

In investment, it is good to be bullish, but it is not good to be excessive.
Now, in the case of bearish, we all be careful when we see the market falling. But even if it is excessively bearish, there will be problems and excessive fear will work inside.  If you are afraid that the price will fall, you will not invest.
Almost all of us who have a long-term perspective in investing are always a little bullish because history says that Bitcoin increases in price over time.

Look, during COVID, many panicked and sold, but those who remained bullish later made a profit, i.e. in March 2020, it was $7,935.52 and in December the price increased to $28,837.29.

On the other hand, history shows that when the price rises very quickly, then there is often a big decline. In this case, a bearish mindset prevents you from taking unnecessary risks.

It is best to have a mixed view or a balanced view and be neutral in investing, not being overly bullish or overly bearish.

[SilverCryptoBullet]

There is really no such thing as being too late when it comes to Bitcoin it is  more about mindset than timing. some  people get stuck waiting for the perfect” entry point  not realizing that time in the market beats timing, The truth is Bitcoin has proven itself over and over again and what matters most is understanding the long-term potential, not just short-term price movements. Any one who has truly learned from past regrets wont keep hesitating whether Bitcoin is $200k or $300k, they we act because it  see the bigger picture. so is not about catching the bottom its about getting in and staying committed.

No one includes senior Bitcoin investors can time the market accurately. This task of timing the market is more challenging and also very impossible for newbies in this market. People can be too confident about their ability and it's up to them in thinking and deciding what to do, but the market in years shows that "Timing the market" is very hard and most people failed.

I don't consider it is a smart idea and approach to try "timing the market" by yourself, just because you believe in yourself. Don't try to outsmart the market, and it's better to learn from the market history, how the majority failed and avoid same mistakes. I am surely "Timing the market" is one of biggest faults in the market.

[JayJuanGee]

However it is also good for a newbie not to jump into investing in Bitcoin when he doesn't have proper knowledge about bitcoin because if he does,he would make a lot of terrible mistakes along the line. It is good for him to seek guildline from an experience long term investor that will orientate him and also keep him on check.

Newbies don’t need to learn much before they can start investing in Bitcoin. What they need is just basic knowledge. Once they start investing, they can gradually learn whatever they want to know about Bitcoin. Waiting to learn everything about Bitcoin before investing is, in my view, a waste of opportunities  because Bitcoin’s price is unpredictable.So, the best approach for a newbie is: after getting the basic knowledge, they should focus on accumulation. As long as someone has a long-term aim of holding Bitcoin, it will be hard for them to make the common newbie mistake of selling when the market is dumping.

In fact, you don’t need to go too deep into Bitcoin knowledge to be an investor. All you need is to ensure proper security for your Bitcoin  like moving your Bitcoin from exchanges to your personal wallet, where you have full control of your asset.that said, it's not necessary to immediately move your Bitcoin to a non-custodial wallet when you first start accumulating. That’s something you can do later, once your holdings reach a certain amount worth protecting.

Exactly , some  people delay getting started because they think they need to know everything first, but the truth is you learn best by doing. Bitcoin is not a school subject it is an experience Once you have the basics  knowledge , how to secure your assets the rest comes naturally as you grow in the space And I agree with the part about security. At first a trusted exchange might be okay  especially for small amounts but over time, moving to a non-custodial wallet gives that peace of mind and real ownership. The most important thing is to start  Waiting for perfect knowledge

You are correct to proclaim that there is a lot of experiential value in connection with learning about and building knowledge in bitcoin, yet all of the knowledge is not going to come naturally and without efforts, even if several of us presume that an overwhelming majority of normal people have the requisite basic levels of knowledge base that allows for them to build their skills and knowledge without needs for special skills and training. In other words, normies can learn and build in bitcoin based on skills and knowledge that they already have in their possession, yet doing the right thing and having the better outcomes is not automatic and/or without work and paying attention and organizing and adapting and self-tailoring.

[SuperBitMan]

There is really no such thing as being too late when it comes to Bitcoin it is  more about mindset than timing. some  people get stuck waiting for the perfect” entry point  not realizing that time in the market beats timing, The truth is Bitcoin has proven itself over and over again and what matters most is understanding the long-term potential, not just short-term price movements. Any one who has truly learned from past regrets wont keep hesitating whether Bitcoin is $200k or $300k, they we act because it  see the bigger picture. so is not about catching the bottom its about getting in and staying committed.

No one includes senior Bitcoin investors can time the market accurately. This task of timing the market is more challenging and also very impossible for newbies in this market. People can be too confident about their ability and it's up to them in thinking and deciding what to do, but the market in years shows that "Timing the market" is very hard and most people failed.

I don't consider it is a smart idea and approach to try "timing the market" by yourself, just because you believe in yourself. Don't try to outsmart the market, and it's better to learn from the market history, how the majority failed and avoid same mistakes. I am surely "Timing the market" is one of biggest faults in the market.

Timing the market is not for investor is for traders as an investor you have no business with trying to time the Bitcoin market, Bitcoin investors accumulate and hold for long term and Bitcoin traders accumulate and hold for very short term so because of there very short term of accumulating and selling attitude they delicate there time to monitor and time the market, they buy when the price is low and sell when the price is high.
If you are an investor you have no business doing all this, all you have to do is to accumulate and then hold it for 5, 10 or 20 years depending on what you want, if you are a newbie who wants to go into Bitcoin investment as an investor, all you need to know is the basic things about Bitcoin and then you start, someone asked me some time ago that what are those basic things she needs to know before starting and I told her.
1. What Bitcoin is.
2. How to get your person Bitcoin wallet
3. How to buy and hold.

This are the 3 basic things you need to know before starting any other thing will be learnt as time goes on or as you continue your accumulation journey.

[Merit.s]

1. What Bitcoin is.
2. How to get your person Bitcoin wallet
3. How to buy and hold.

This are the 3 basic things you need to know before starting any other thing will be learnt as time goes on or as you continue your accumulation journey.

Number two isn't really important and I don't see it as part of the basic knowledge of bitcoin because getting a good wallet that is an open source and self custody can be a problem to a new investor since bitcoin wallet is technical. Since he is a new investor who wants to start his bitcoin investment with weekly DCA, he is to only open an account with a reputable exchange, buy bitcoin through p2p and leave his bitcoin in the exchange for the main time, while he continues to learn more about bitcoin and which wallet is best for him to use.

It's also important that when accumulating bitcoin, we don't buy bitcoin of $50 and send immediately to our self custody wallet in order to avoid many small small UTXO, which can suck almost all our profits in future if transact fees becomes very high. Good UTXO management is important as a bitcoin investor which is why you need to accumulate your bitcoin to a good amount up to $500 and above  in your exchange account before transferring it to your hardware wallet.

[Platinumys]

Currently, I don't think that any coin can pop up in future that will take over dominance from bitcoin because bitcoin has already achieved a milestone that no digital currency have achieved one-tenth of it. Don't forget that it's because of the problem that bitcoin is solving that is leading to its adoption due to her decentralized nature and censorship resistance. After bitcoin was created every other coin that was created after bitcoin was unable have that uniqueness of bitcoin because they are centralized and the dev created these shitcoins to scam people from their hard earned money through pump and dump.

I gree with you on this, because currently I don see  me too don't see any shitcoin pumping in the future that will take over dominance from bitcoin, normally I see other shitcoins as coin's that is just getting started, while bitcoin has already achieved a milestone that no digital currency have achieved even one tenth of it. Bitcoin is Very unique and the reason for mass adoption of bitcoin is  because people see bitcoin as a safe heaven for storing wealth. Bitcoin security is the security you can strust, bitcoin is bringing the world together, only the benefits of bitcoin to the global economy is enough reason for you believe that bitcoin remains the king.

I think this always holds investors back from investing. If we were trading, we would have to observe the changes in the market perfectly. And we would always have to wait for a correct entry point, but since we are investing in a long-term plan, there is no need for perfect entry all the time, but if we invest step by step after starting the investment, the price will already be in agreement. Those who always wait for the market to go from a good level to a very bad level, that is, when the market dumps, they start investing, which does not always happen. When such investors wait and see the market going higher, they get more disappointed and at that time they think that now the market may have touched its highest value and if they invest now, they may face a loss in the investment, they do not invest even thinking that. After so much scrutiny, it is seen that they are sitting with their money but their investment plan is not being implemented. We do not need to plan like that, we should invest and increase the continuity of that investment and keep the investment for a certain period of time.