Buy Buy Buy or Sell Sell Sell?

[Derekfunds]

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If a person starts investing by acquiring only basic knowledge and then if he continues investing without acquiring any more knowledge, then he may collapse after a while. For example, due to lack of proper financial management, due to wrong decisions about investment, etc. Therefore, it is very necessary for a person to gain knowledge after investing.

What you are saying here is very true, basic knowledge alone about Bitcoin is not enough for a Bitcoin investor to have an be successful on the longer run, what all Investors are advice to do after starting is to seek for more knowledge on Bitcoin and what needs to be done to hold effectively, like having an emergency and reserve funds in place so that if for any reason an emergency situation arises in the future, you wouldn't have to fall back to your investment for survival or dip hands into your investment just to sorts out one emergency needs.
Lack of the right knowledge is mostly the brain behind most Investors failing in their investment, that's why going for more knowledge on Bitcoin is very much fundamental to the success of your investment.

It’s as simple as you just require little knowledge before starting bitcoin, I don’t think it’s will be a good idea for you to wait to get all the knowledge in the world about bitcoin before you could get started, you can as well start investing in bitcoin and then you can start gaining more knowledge along the line as you’re learning, I know so many people have different preferences when investing in bitcoin, the most important is a strategy that could best work for an individual most especially getting started is very important and crucial when investing in bitcoin for a long term purpose.

We should also understand that Bitcoin investment is very different from trading and so in Bitcoin investment you don't need to know everything before investing as that may not even be possible to gather all the necessary knowledge or know everything about Bitcoin investment before venturing into it. At a start all one need is just to know how to split your income into various section or parts and then know how to accumulate or buy your Bitcoin from your discretionary Income, using a wallet that best suit you and also ensure to keep your seed phrase safe and every other thing will be learn later as the person progresses.

[Silikiem]

Yo mate, I said it’s EASIER (Not Easy) to predict witching the long run, compared to attempting to predict it within the short term. Historically, Bitcoin has been known for its long term growth, and even if it’s true that past performances doesn’t always guarantee future results, but to an extent we can believe beyond reasonable doubt that it’ll most likely continue in that trend within the long term, unlike attempting to predict the price of Bitcoin within the short term, because short term movement has never been in any particular trend, and that’s why I said that it is easier to predict Bitcoin within the long haul, compared to the short term.

It is not possible to predict Bitcoin in the short term, you will not even be able to predict whether the price of Bitcoin will increase or decrease in the short term. But in the long term, this prediction is a bit easier, although we cannot say for sure, but our expectation and long-term prediction is that the price of Bitcoin will increase in the long term.

But if you mention a specific price, then it is not possible to predict the price of Bitcoin in the long term and in the short term. That is, the price of Bitcoin can never be predicted with certainty. It is just a guess. Our big expectation in the long term is that Bitcoin is bullish in the long term.

The fact that bitcoin is a highly volatile asset should tell us that the price is unstable and at such you can’t predict what the price will be even in the next seconds, it keeps going up and down at almost every seconds. Weather for the long term or short term, the price remains unpredictable. There are several factors which affects the price of bitcoin and most of this factors are unknown to us, so we can’t predict what the price will be at any given time. We can only have the conviction as bitcoin investors that the price of bitcoin will continue to go up even though it goes down at a particular time. As long term bitcoin investors, We should focus more on figuring out a discretionary income to consistently accumulate bitcoin and hold for the long term goal and gradually build up our portfolio instead of wasting time trying to speculate on the price of bitcoin.

[Jewan420]

We should also understand that Bitcoin investment is very different from trading and so in Bitcoin investment you don't need to know everything before investing as that may not even be possible to gather all the necessary knowledge or know everything about Bitcoin investment before venturing into it. At a start all one need is just to know how to split your income into various section or parts and then know how to accumulate or buy your Bitcoin from your discretionary Income, using a wallet that best suit you and also ensure to keep your seed phrase safe and every other thing will be learn later as the person progresses.

Bitcoin investment should not be delayed at all. To start investing, make sure that you have a prudent source of income and have the basic knowledge to make prudent investments. For purchases, make sure that you can buy Bitcoin using an exchange and choose a trusted wallet and store your Bitcoin there.
This kind of basic knowledge will be enough to start investing in Bitcoin. To sustain investment in the long term, you must have a deep knowledge of financial management, risk management and investment management. However, you should not delay investing for this, rather you can practice this while the investment is ongoing and gain deep knowledge to make yourself a skilled investor.

[Lidger]

Yea, I think that sir jayjuangee is actually right, I believe that why he is saying so is because as a Bitcoin investor, it's very wrong to go all in on your investment, invest with only what you can afford to lose because in as much as Bitcoin has a promising future, nothing is guaranteed since we live in a world full of uncertainty, but that's by the way.
But looking at the historical price movement of Bitcoin, it shows that it's on the rise and their is a higher probability that it might go as high as a million dollar or more in the future, that's why constant accumulation is greatly encouraged because your stash of Bitcoin is what's going to determine how profitable and successful you might be in the future.

Such advice is given to investors so that the investor does not invest all his money emotionally because investing requires a long-term plan. Now, if an investor invests all his money at once and after a few days sells all his Bitcoins due to financial needs, then the real purpose of the investment is not fulfilled. We have to forget the illusion of that money for a long time with the amount of money we invest in Bitcoin. Those who invest consistently, that is, those who invest using the DCA investment strategy, but most of the time we see such advice that they should meet all their needs and invest Bitcoin consistently with a part of the money. Here too, it is said to use a part of the money for investment because if you use a part instead of using all the money, the possibility of investment becoming irregular will decrease and besides, there will be no such financial crisis for this investment.

[POPOLUV]

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If a person starts investing by acquiring only basic knowledge and then if he continues investing without acquiring any more knowledge, then he may collapse after a while. For example, due to lack of proper financial management, due to wrong decisions about investment, etc. Therefore, it is very necessary for a person to gain knowledge after investing.

What you are saying here is very true, basic knowledge alone about Bitcoin is not enough for a Bitcoin investor to have an be successful on the longer run, what all Investors are advice to do after starting is to seek for more knowledge on Bitcoin and what needs to be done to hold effectively, like having an emergency and reserve funds in place so that if for any reason an emergency situation arises in the future, you wouldn't have to fall back to your investment for survival or dip hands into your investment just to sorts out one emergency needs.
Lack of the right knowledge is mostly the brain behind most Investors failing in their investment, that's why going for more knowledge on Bitcoin is very much fundamental to the success of your investment.

It’s as simple as you just require little knowledge before starting bitcoin, I don’t think it’s will be a good idea for you to wait to get all the knowledge in the world about bitcoin before you could get started, you can as well start investing in bitcoin and then you can start gaining more knowledge along the line as you’re learning, I know so many people have different preferences when investing in bitcoin, the most important is a strategy that could best work for an individual most especially getting started is very important and crucial when investing in bitcoin for a long term purpose.

There is no point in delaying investment to gain in-depth knowledge about Bitcoin before starting to invest. When an investor actually starts holding Bitcoin, it will be easier for him to gain more knowledge about Bitcoin. In this way, he will gain knowledge about Bitcoin, and on the other hand, his holding will also continue to grow. But those who try to gain knowledge about Bitcoin without holding it may be reluctant to invest if the Bitcoin price falls slightly at some point, which can create a major obstacle in their Bitcoin investment.

I don't know why some folks are still thinking that you must have all the knowledge before he/she could start investing in Bitcoin, it is a totally ideas because Bitcoin is so wild in such that you can't finish all knowledge when it comes to Bitcoin, once you are still thinking that you not ready to buy Bitcoin and your discretionary income is available for you which you could have use to invest, what i will advise to those folks that think is not good to invest now that they will wait till when they have full knowledge and which i know that they can't finish knowing all Bitcoin finish because Bitcoin is something that keeps updating every single day, so those folks not to regret letter run, so it is better to buy now as you can afford using DCA strategy which can motivate you of not losing all you have invested for.

[ejikeme24]

The fact that bitcoin is a highly volatile asset should tell us that the price is unstable and at such you can’t predict what the price will be even in the next seconds, it keeps going up and down at almost every seconds.

I have come to realize that most people still don't understand the word ( volatility)  because if we really understand the meaning of this term, this ups and downs that is happening in the market won't be a challenge to us anymore. But it surprises me to see that people still get panic till this time, aside from not understanding the meaning of volatility is there any possible reason why most people are still being afraid till this time? Can we say is due to lack of discipline? Though lack of discipline can also have a hand in that but first of all we need to understand the term (volatility)  if we can be able to understand this very well being disciplined is not going to be a big deal.

[philipma1957]

So yeah BItcoin price within the short term can indeed be unpredictable for when considering the long term, predicting it seems a lot more easier.

I disagree with you that bitcoin price is easy to predict in the long run because nobody knows what Thebes future has fod bitcoin which is the main reason why you are advised to invest with the amount of money that you can afford to lose. Just the way that the price is unpredictable due to Thebes volatile nature of bitcoin is the same in both short term and long-term, if not those early bitcoin hodlers who sold too early when bitcoin price increased to $10k wouldn't sell but should know that bitcoin price will hit $120k in future.

Bitcoin is price increases based on increase in adoption and the halving event but that doesn't mean that you can actually know the exact price that bitcoin will reach in the year 2029. You are advised to invest in the long-term because that's the only way to limit the risk in bitcoin investment because the price increases overtime based on history data since bitcoin is still in her early stage.

Yo mate, I said it’s EASIER (Not Easy) to predict witching the long run, compared to attempting to predict it within the short term. Historically, Bitcoin has been known for its long term growth, and even if it’s true that past performances doesn’t always guarantee future results, but to an extent we can believe beyond reasonable doubt that it’ll most likely continue in that trend within the long term, unlike attempting to predict the price of Bitcoin within the short term, because short term movement has never been in any particular trend, and that’s why I said that it is easier to predict Bitcoin within the long haul, compared to the short term.

Ultimately, most of us are likely investing into bitcoin because we consider that in the long term, the odds for up are greater than the odds for down, yet we still have to be careful not to put everything into bitcoin in case the down scenario ends up playing out, even though we speculate that the odds for up are greater.  We could end up being incorrect in our prediction, so we hedge and we try to be careful.

Another thing that we do is choose our position size, so even historically, guys who were quite skeptical of bitcoin still ended up profiting from bitcoin, even if they took a whimpy position, so there are ways that we can choose our position size so that, even if bitcoin ends up going down or going to zero, then the most that we end up losing is 100% of our investment, yet on the other hand, if someone invested into bitcoin in between 2013 and 2016, then he may well would have had been able to get average bitcoin costs to be around $1k per coin or even lower than that... so right now his holdings are 100x of whatever he ended up putting into bitcoin,

so in that case, he should reasonably conclude that if he had put in more then his profits would have had been more, so there are risks in being overly whimpy an there are risks in being overly aggressive since there are guys who were overly aggressive and they end up losing because, they end up having to sell way too much (perhaps even all) of their bitcoin holdings too soon because either they did to manage their cashflow well, or they failed to sufficiently earn money so that they could pay their expenses during the time that they needed to be able to continue to accumulate and/or hold the bitcoin that they had already accumulated.

In other words, there are guys who figured out how to lose money or even to not make money, even though they knew about bitcoin and they involved themselves in bitcoin when BTC prices were much lower.

By the way, I would suggest that DCAing and/or long term investing does not take away risks, yet risks can be mitigated though such approaches that involve position size, and guys still have to figure out how aggressive that they are ready, willing and able to be without over doing it.

Yea, I believe that your explanation is reasonable. It is not an overstatement to say that it is quite easier to estimate the long term direction of Bitcoin than the short term moves, since the short term price movement is largely noise, fueled by leverage, speculation and news. Conversely, in the long-term chart, a recurring trend is seen which is connected to halving cycles and growth in adoption. This is why although nobody could predict precise figures it has been practical to assume hikes in highs in the 4-8-year period.
And yet you are correct too that easier is not certain. Many of the original owners sold at 10k since they lacked belief and cash flow to endure bear markets. That demonstrates the true danger lies not in making a forecast about the price, but in personal financial management that will enable you to be invested during those cycles to get the benefit.


Your point about position sizing is also proved by history. Investors who put in small sums 2013-2016 and just held are multiplying by large numbers today. Meanwhile, those who bet everything without a strategy had to sell when the economy hit lows and had no opportunity to ride the long-term trend.

Age is a factor.  if you got in dirt cheap say 100 coins for 100 each you spent 10,000,

so in 2017 at 1,900,000 for those 100 coins selling all of them if you are 60-70 years old does not seem unreasonable.

but I venture to say if someone went from 10,000 to 1,900,000 they may sell 50 coins or half.

950,000 and 600,000 after taxes works for many

[As-Soon-As]

but I venture to say if someone went from 10,000 to 1,900,000 they may sell 50 coins or half.

950,000 and 600,000 after taxes works for many

That is why buying Bitcoin should be given the highest priority in the beginning, if you do not have coins, how will you sell them? So it would be most appropriate to invest in Bitcoin and collect only digits. If you give the highest priority to collecting Bitcoin, you will be able to sell it later as you wish, there will be no problem, after holding it for a long time, you can sell it in several steps. It is also very reasonable to sell it little by little several times according to the DCA method.
Everyone will not have enough energy in his body to earn income at the age of 60 to 70, that is why Bitcoin is most suitable for saving in the future. If he invests in it, he can definitely get rid of financial deficiency later.

[7juju]

is there any possible reason why most people are still being afraid till this time?

The reason why some people are still afraid of volatility is simple, they are still "inexperienced" those who lacks experience about how the bitcoin market functions are often find to be afraid when there are volatility in the market. They are afraid because they haven't experienced it before, or they might have not witnessed a volatility that's as dip and long lasting as the one that's making them to be afraid.

So they won't know how to compose themselves, and the only thing they do is show signs of fright. But as time progresses, and they witness few more, they begin to see it as a normal thing. And that fear leaves them for good. That's why It's had to see an experienced investor being afraid of volatility. And the longer you have been in your accumulation journey, the more experience you gather.

[philipma1957]

but I venture to say if someone went from 10,000 to 1,900,000 they may sell 50 coins or half.

950,000 and 600,000 after taxes works for many

That is why buying Bitcoin should be given the highest priority in the beginning, if you do not have coins, how will you sell them? So it would be most appropriate to invest in Bitcoin and collect only digits. If you give the highest priority to collecting Bitcoin, you will be able to sell it later as you wish, there will be no problem, after holding it for a long time, you can sell it in several steps. It is also very reasonable to sell it little by little several times according to the DCA method.
Everyone will not have enough energy in his body to earn income at the age of 60 to 70, that is why Bitcoin is most suitable for saving in the future. If he invests in it, he can definitely get rid of financial deficiency later.

my biggest gripe is I am 68.

my wife and i retired for the most part in 2012.

So saving and hodling btc skipping profit taking is less attractive.


but i still add to the pile via mining ⛏️ I have a good host and run gear with him.

[DubemIfedigbo001]

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If a person starts investing by acquiring only basic knowledge and then if he continues investing without acquiring any more knowledge, then he may collapse after a while. For example, due to lack of proper financial management, due to wrong decisions about investment, etc. Therefore, it is very necessary for a person to gain knowledge after investing.

What you are saying here is very true, basic knowledge alone about Bitcoin is not enough for a Bitcoin investor to have an be successful on the longer run, what all Investors are advice to do after starting is to seek for more knowledge on Bitcoin and what needs to be done to hold effectively, like having an emergency and reserve funds in place so that if for any reason an emergency situation arises in the future, you wouldn't have to fall back to your investment for survival or dip hands into your investment just to sorts out one emergency needs.
Lack of the right knowledge is mostly the brain behind most Investors failing in their investment, that's why going for more knowledge on Bitcoin is very much fundamental to the success of your investment.

I don't think it's right to invest in Bitcoin with just basic knowledge. You need to have a good understanding of the important fundamentals of investing, including Bitcoin. Because if you don't know the fundamentals of investing, you are likely to make mistakes in the future, and making the wrong decision when it comes to investing in BTC never brings anything good.

You do not need fundamental knowledge to get invested into Bitcoin, the basic knowledge is enough. You can acquire more advanced knowledge as you progress into your accumulation journey. You might not be able to get all the fundamental knowledge as soon as you think and If you continue to wait to grasp it all, then you'll spend a lot of time learning and trying to master the theoretical aspect of Bitcoin and which you should've used to get practical and get some good stash of Bitcoin for yourself.

 Worse case scenario you can end up as a spectator and not actually buying Bitcoin since you may never agree to have learned enough.

As long as you understand the basics and you're sure of having discretionary income. The best thing to do is to j get started, buy and plan to follow up your accumulation of Bitcoin with a long-term holding period.

No one gets into Bitcoin having everything figured out, you keep learning and advancing on your understanding of Bitcoin on the go and it's better you spend time learning about it in the market than outside of it.

[Sticky Bomb]

but I venture to say if someone went from 10,000 to 1,900,000 they may sell 50 coins or half.

950,000 and 600,000 after taxes works for many

That is why buying Bitcoin should be given the highest priority in the beginning, if you do not have coins, how will you sell them? So it would be most appropriate to invest in Bitcoin and collect only digits. If you give the highest priority to collecting Bitcoin, you will be able to sell it later as you wish, there will be no problem, after holding it for a long time, you can sell it in several steps. It is also very reasonable to sell it little by little several times according to the DCA method.
Everyone will not have enough energy in his body to earn income at the age of 60 to 70, that is why Bitcoin is most suitable for saving in the future. If he invests in it, he can definitely get rid of financial deficiency later.

my biggest gripe is I am 68.

my wife and i retired for the most part in 2012.

So saving and hodling btc skipping profit taking is less attractive.


but i still add to the pile via mining ⛏️ I have a good host and run gear with him.

This is quite understandable. Age is a factor that influence duration of a long-term holding plan. Younger people tend to have more long-term holding leverage than older people. It still depends on when you started holding and when you started shaving profits. I wouldn't make any assumptions here since you're an old guy and It's still cool that you've a way of replenishing what you shaved off your portfolio through mining so you're still in the game although not as effective and profitable as it would've been if you were just holding and not shaving off profits.

[Loyang]

I have come to realize that most people still don't understand the word ( volatility)  because if we really understand the meaning of this term, this ups and downs that is happening in the market won't be a challenge to us anymore. But it surprises me to see that people still get panic till this time, aside from not understanding the meaning of volatility is there any possible reason why most people are still being afraid till this time? Can we say is due to lack of discipline? Though lack of discipline can also have a hand in that but first of all we need to understand the term (volatility)  if we can be able to understand this very well being disciplined is not going to be a big deal.

Experience and knowledge are not the same. Because when a new person sees a fall in the market and when he sees his money getting lost, it is very natural that he will get scared. Because he may have knowledge but he has never faced such a situation. When he is able to deal with one or two falls, he may not get scared. Because then he will learn to deal with falls and he will have gained experience.

What a new person needs to do is first gain basic knowledge about Bitcoin and have faith in Bitcoin. Because when a person believes in Bitcoin, even if the price of Bitcoin drops completely, he will not get scared. But by investing, we have to gain experience. If we only see and hear without investing, we will never gain experience. Experience and knowledge are two different things. You have to move forward by combining these two things and after investing, you have to increase your knowledge.

[Popkon6]

but I venture to say if someone went from 10,000 to 1,900,000 they may sell 50 coins or half.

950,000 and 600,000 after taxes works for many

That is why buying Bitcoin should be given the highest priority in the beginning, if you do not have coins, how will you sell them? So it would be most appropriate to invest in Bitcoin and collect only digits. If you give the highest priority to collecting Bitcoin, you will be able to sell it later as you wish, there will be no problem, after holding it for a long time, you can sell it in several steps. It is also very reasonable to sell it little by little several times according to the DCA method.
Everyone will not have enough energy in his body to earn income at the age of 60 to 70, that is why Bitcoin is most suitable for saving in the future. If he invests in it, he can definitely get rid of financial deficiency later.

my biggest gripe is I am 68.
my wife and i retired for the most part in 2012.
So saving and hodling btc skipping profit taking is less attractive.
but i still add to the pile via mining ⛏️ I have a good host and run gear with him.

I am almost half your age, I am surprised by the glimpse of your knowledge. Because you are almost at the end of your age and you have modern thoughts for Bitcoin investment. I can undoubtedly say that you are a wise person and you are full of modern knowledge about the future, although I have chosen this Bitcoin as an investment for my next life when I am old or equal to your age to eliminate my financial deficiency.
I do not know how long I will be able to live happily among you, but Bitcoin investment is the best, that is why Bitcoin investment should be given the most importance.

[Dareo]

but I venture to say if someone went from 10,000 to 1,900,000 they may sell 50 coins or half.

950,000 and 600,000 after taxes works for many

That is why buying Bitcoin should be given the highest priority in the beginning, if you do not have coins, how will you sell them? So it would be most appropriate to invest in Bitcoin and collect only digits. If you give the highest priority to collecting Bitcoin, you will be able to sell it later as you wish, there will be no problem, after holding it for a long time, you can sell it in several steps. It is also very reasonable to sell it little by little several times according to the DCA method.
Everyone will not have enough energy in his body to earn income at the age of 60 to 70, that is why Bitcoin is most suitable for saving in the future. If he invests in it, he can definitely get rid of financial deficiency later.

my biggest gripe is I am 68.

my wife and i retired for the most part in 2012.

So saving and hodling btc skipping profit taking is less attractive.


but i still add to the pile via mining ⛏️ I have a good host and run gear with him.

This is one of the principal distinctions in the planning of people according to their age and purpose that your point demonstrates. This is because younger investors must invest in accumulating funds and retaining it over a long period since time will assist in increasing the earnings. The progressive selling with DCA in an increasing price scenario allows them to capture the profits but leave them with a bottom.

With retirees like you, the numbers are different. Security, recurrent earnings and risk management are more crucial than attempting to become huge. Your mining is a clever procedure of adding to your treasuries without incurring additional funds, and can bring in a small stream of coins to augment the portfolio.

[G_Besar]

The fact that bitcoin is a highly volatile asset should tell us that the price is unstable and at such you can’t predict what the price will be even in the next seconds, it keeps going up and down at almost every seconds.

I have come to realize that most people still don't understand the word ( volatility)  because if we really understand the meaning of this term, this ups and downs that is happening in the market won't be a challenge to us anymore. But it surprises me to see that people still get panic till this time, aside from not understanding the meaning of volatility is there any possible reason why most people are still being afraid till this time? Can we say is due to lack of discipline? Though lack of discipline can also have a hand in that but first of all we need to understand the term (volatility)  if we can be able to understand this very well being disciplined is not going to be a big deal.

Perhaps this is simply a lack of awareness and understanding among new investors or those who have recently purchased Bitcoin and have only held it for a few months. Long-time investors who have frequently bought Bitcoin should already be quite familiar with market volatility and what is happening to Bitcoin. Therefore, those who are still panicking are those who are inexperienced in holding Bitcoin and don't fully understand volatility, which may also be influenced by the lack of discipline they apply to themselves as investors.

[Cossyblack]

I don't know why some folks are still thinking that you must have all the knowledge before he/she could start investing in Bitcoin, it is a totally ideas because Bitcoin is so wild in such that you can't finish all knowledge when it comes to Bitcoin, once you are still thinking that you not ready to buy Bitcoin and your discretionary income is available for you which you could have use to invest, what i will advise to those folks that think is not good to invest now that they will wait till when they have full knowledge and which i know that they can't finish knowing all Bitcoin finish because Bitcoin is something that keeps updating every single day, so those folks not to regret letter run, so it is better to buy now as you can afford using DCA strategy which can motivate you of not losing all you have invested for.

Well said buddy, There's alot we still haven't learn about Bitcoin,if we continue studying before investing we may never invest at all. You can also get started without understanding it all and while investing in Bitcoin,you can be learning new stuff and your knowledge can be improving while accumulating into your portfolio. Since you're accumulating bitcoin for the long term using DCA,you wouldn't need to be analysing the market or worry about the fluctuation of Bitcoin prices rather your main focus is to continue buying once your discretional income is available.

[Stormisover]

I have come to realize that most people still don't understand the word ( volatility)  because if we really understand the meaning of this term, this ups and downs that is happening in the market won't be a challenge to us anymore. But it surprises me to see that people still get panic till this time, aside from not understanding the meaning of volatility is there any possible reason why most people are still being afraid till this time? Can we say is due to lack of discipline? Though lack of discipline can also have a hand in that but first of all we need to understand the term (volatility)  if we can be able to understand this very well being disciplined is not going to be a big deal.

Experience and knowledge are not the same. Because when a new person sees a fall in the market and when he sees his money getting lost, it is very natural that he will get scared. Because he may have knowledge but he has never faced such a situation. When he is able to deal with one or two falls, he may not get scared. Because then he will learn to deal with falls and he will have gained experience.

What a new person needs to do is first gain basic knowledge about Bitcoin and have faith in Bitcoin. Because when a person believes in Bitcoin, even if the price of Bitcoin drops completely, he will not get scared. But by investing, we have to gain experience. If we only see and hear without investing, we will never gain experience. Experience and knowledge are two different things. You have to move forward by combining these two things and after investing, you have to increase your knowledge.

I think you have really made lots of sense explaining variable relationship between experience and knowledge, and the insight of it's all is that knowledge which is basic comes first to get started while experience expands the knowledge to be optimally maximized, knowledge without experience can never be make sense because experience shows the practical application of what have been learnt, the knowledge that is gained through experience is much more better than the knowledge gained without experience, is true that experience is what will make lot of people understand the reality behind the world volatility in Bitcoin other than just knowing it theoretically just as they say experience most times is the best teacher.

[GIF-JOBS]

I don't know why some folks are still thinking that you must have all the knowledge before he/she could start investing in Bitcoin, it is a totally ideas because Bitcoin is so wild in such that you can't finish all knowledge when it comes to Bitcoin, once you are still thinking that you not ready to buy Bitcoin and your discretionary income is available for you which you could have use to invest, what i will advise to those folks that think is not good to invest now that they will wait till when they have full knowledge and which i know that they can't finish knowing all Bitcoin finish because Bitcoin is something that keeps updating every single day, so those folks not to regret letter run, so it is better to buy now as you can afford using DCA strategy which can motivate you of not losing all you have invested for.

Well said buddy, There's alot we still haven't learn about Bitcoin,if we continue studying before investing we may never invest at all. You can also get started without understanding it all and while investing in Bitcoin,you can be learning new stuff and your knowledge can be improving while accumulating into your portfolio. Since you're accumulating bitcoin for the long term using DCA,you wouldn't need to be analysing the market or worry about the fluctuation of Bitcoin prices rather your main focus is to continue buying once your discretional income is available.

I agree with you, delaying investment to understand Bitcoin is a big mistake, you have to start investing first, and then you can understand Bitcoin, if you stop while understanding everything, you may never start. If you can deposit Bitcoin in small amounts over a long period of time with DCA, you will gradually learn and continue to invest. If you focus on understanding everything at first, you will fall far behind, so those who are patient, disciplined, and keep a long-term perspective beyond price fluctuations and continue to deposit Bitcoin consistently, they are the ones who have the opportunity to really benefit from it.

[ejikeme24]

The fact that bitcoin is a highly volatile asset should tell us that the price is unstable and at such you can’t predict what the price will be even in the next seconds, it keeps going up and down at almost every seconds.

[~~~]

Perhaps this is simply a lack of awareness and understanding among new investors or those who have recently purchased Bitcoin and have only held it for a few months. Long-time investors who have frequently bought Bitcoin should already be quite familiar with market volatility and what is happening to Bitcoin. Therefore, those who are still panicking are those who are inexperienced in holding Bitcoin and don't fully understand volatility, which may also be influenced by the lack of discipline they apply to themselves as investors.

I agree with you on this one,and yeah not being familiar with the market volatility is one of the major challenge we are having more especially those newly investors, they easily get carried away by any slightest dip that occur in the market. Not knowing fully well that the market volatility we keep announcing every now and then is just to inform them about this dip, so as for them to have it in mind that sooner or later that they will be experiencing such in the market. Is funny enough that some people has ear but is as if they're no longer making use of it or should I say that is no longer functioning, because we kept saying this more often yet some people Don't get it.