Buy Buy Buy or Sell Sell Sell?

[Byebyebtc]

What are the basics that the newbie needs to learn about bitcoin before getting started?

Beginners do not need to have a degree to invest in Bitcoin, as someone mentioned above, how to buy, which wallet is safe, about long-term holding, etc., gaining knowledge about these topics will be enough to invest in Bitcoin. And they can start investing by following the DCA method. They can start like this and gain more knowledge later.

New investors think that they need to know Bitcoin in depth first, but the real priority should be understanding their personal finances, such as cash flow, backup funds, and determining the size of their initial investment position. A few minutes of chart analysis is enough to get a basic understanding of Bitcoin. It is wise to start with small positions and gradually build up confidence and investment as you learn. This is why DCA strategy and proper financial management are essential. So that it is possible to continue investing regularly.

Yes of cause you don't need to know everything about investment before you start investing
It's a process of learning, you can start with a little amount of money first then as time goes on as you begin to learn more about the investment you can be invest a larger amount of money
But before any one starts at least they should know the basic things about the coin like but at the dip and hold

But just starting without knowing any thing concerning the coin is just gambling.

[Byebyebtc]

What are the basics that the newbie needs to learn about bitcoin before getting started?

Sir I am a new person I am learning almost everything from you, I try to read every comment of yours sir. I think in the first place a person should know about Bitcoin security, Blockchain technology and what is Bitcoin. If a person knows these things then he will be able to understand why he should invest in Bitcoin. When a person can understand these things then he will be willing to invest on his own and then he will be able to understand on his own what is needed to invest. Like wallet, how to buy and sell Bitcoin etc.

You will actually learn a lot of things in this forum, even better than what somebody else out there will tell you
this is because the information in this forum are out of experience and at purely day today life in Bitcoin
From the updates to the trends and even to the best strategy that help you, and it's also importance to know the right time to invest your money which is at the point of retracement in the market
Also the most important part that you will learn it how to be discipline and also how to stabilize your emotions, this forum is fully equipped with all the information you need in your bitcoin journey, you just have to calm down and read the most important posts it might be a challenge should find them but anyone you come across we'll certainly teach you something

[Stormisover]

As a beginner the first objective should be creation of a stable/consistent stream of income, the second should be acquiring a good knowledge about investments as one cannot know/have all the knowledge about investments, the 3rd is to get acquainted with the risks involved and how to minimise losses because losses are inevitable but can be minimized and finally is to take the bold step and invest, utilizing your knowledge on investment.

You are welcome mate it is obvious that you are new here even though you have been registered since January. In a nutshell there has been lot of repeatation in our discussions regarding to your teaching and I wish you were able to give relevance to reading from previous  pages for more learning but however, it has been said that everything not can be perfect including all that you made mentioned before anyone can start investing in Bitcoin, primarily it is important to have a basic knowledge of Bitcoin and figuring out if there is a discretionary income to invest every other things can be learned an improve along the line including your finances and the rest of them. As beginner the first objective should be getting the basic knowledge of Bitcoin and not even creation of stable/consistence income just as you stated, and I wonder how can someone who hasn't bought Bitcoin can get acquainted with the risks involved because all of this can only be gotten only if you are already accumulating Bitcoin.

[LGD2Business]

Wait for the dip... buy and hold

Don't wait for the dip because you never know when it will happen. The best strategy is to buy regularly and hold.
Today, 113k seems expensive, so you wait for 110k, but tomorrow you see it's gone up to 120k. Bitcoin drops 5% and you think it won't drop any further, but then you see it's dropped another 10%. That's why trading always carries its own risks. Waiting for the bottom is also a never-ending game. Bitcoin raises its floor in every cycle. Those who miss this opportunity always regret it. The best approach is to buy without getting too caught up in the price, as long as you have the funds to invest.

[sokani]

New investors think that they need to know Bitcoin in depth first, but the real priority should be understanding their personal finances, such as cash flow, backup funds, and determining the size of their initial investment position. A few minutes of chart analysis is enough to get a basic understanding of Bitcoin. It is wise to start with small positions and gradually build up confidence and investment as you learn. This is why DCA strategy and proper financial management are essential. So that it is possible to continue investing regularly.

A beginner does not need to analyze charts before epping a bag; that's the work of a trader. Basically, what a beginner needs to know is to understand Bitcoin and how the market works. He needs to know that Bitcoin is a volatile asset and the price changes and that there are two seasons: the bull and bear seasons. Another thing a beginner needs to know is wallet security. How to get a good wallet and store the Bitcoin safely. Then, he can start accumulating by using DCA, like you said.

[Bluebird1357]

Well you to know that you need to have the knowledge of the chart as someone who is investing, is not all about belief that the coin will constant go up, but at least an investor should know the right time to invest in any coin

The point is that you need to have knowledge about the chart and also Have a skeletal analysis of what your in investing on, at least the high and the retracement

Wait for the dip... buy and hold

If you wait for the dip you never find in your life because you will never know when the dip will comes.You have to buy when the price drops and you can't buy when the price increases, this is a wrong way to invest in Bitcoin because you may think that the price has dropped now and you bought it thinking it was a dip, but it turns out that when you buy thinking the price is low, after a while the price has dropped even more, then you will be disappointed.

So, no one can accurately say when the price will drop or when it is the deepest, so don't be too scared about the price falling or rising, invest a certain amount of money regularly every week or month, and this is the effective and correct decision to invest in Bitcoin, no matter how much the price rises or falls, DCA solves this problem, suppose - you bought when the price rose and then you bought when the price fell. If you keep collecting Bitcoin for a long time, after a time of 5-10 years, your asset will be bought at the average price. So instead of trying to catch deep red and entering at once, buying regularly step by step through DCA is a proven and effective strategy.  

However, if anyone have long experience and can take risks, then buying extra during a major market decline can provide additional benefits.

[7juju]

~snip~

I don't understand what you mean by a few minutes of chart analysis is enough to get basic understanding, perhaps you are mistaken Investment to trading because in investment we don't have any business with analyzing charts rather that is what traders does so don't complicate or contradict things  for newbie before they start thinking on how to analyze charts.

The mistake some of you are making is that some of you think that looking at bitcoin chart is a crime or a taboo for investors. Who told you that it's only traders that have the liberty to look at bitcoin chart? There is a big difference between looking at bitcoin chart and waiting for the market before investing. One can look at bitcoin charts for knowledge purposes. Okay let me assume that I invest through DCA method and I do that every Friday when I receive my pay cheque for the week. So if I decided to study or look at bitcoin chart for the other days before my next payday, does that make me a trader? No is the answer, that I am an investor doesn't mean that I should be ignorant of what's happening in bitcoin market and it's charts.

[Dogedegen]

I propose an alternative. Definitely don't do Sell Buy Sell, but you can do Buy Sell Buy.

I wonder how many users will understand what this means. 

[ZeroVinsonN]

Waiting is never an excuse or a good strategy to invest into bitcoin because it will slow down the quantity of bitcoin that you are supposed to have acquired in the long run. As you are waiting, don't forget that bitcoin price is increasing and also your age.

If you have decided that you will invest after the price comes down a lot, then I want to assure you that your investment dream will not actually come true.
So shake these thoughts from your head and start investing and keep doing it consistently so that even if the price comes down, you will not miss the opportunity to invest in Bitcoin.

Waiting endlessly for the perfect dip usually means you will just keep watching from the sidelines while the market moves on without you..  Truth is, nobody can really time the bottom, not even the so called experts..  If you keep waiting for some magical price, you might never actually start..

That is why consistency matters more than timing..  Putting in little by little, no matter the price, makes sure you are always in the game. When the market dips, you’re buying cheaper, when it rises, you are already holding. In the long run, that balance beats sitting on the fence and waiting forever…

Your right the market isn't going to wait for anymore that isn't ready yet or that hasn't concluded the decision of investing in Bitcoin. By the way, Bitcoin doesn't wait for anymore,it continues to grow without getting supports from anywhere. And by the time he is ready,the price of bitcoin wouldn't be the same as the last time he met it but they will still be room for him to start as long as he has a Discretional income to start buying for the long term. The only difference is that,he will be buying bitcoin a bit higher but it doesn't matter because he is right on time.Bitcoin is still growing and haven't come close to his peak, that's accumulating bitcoin consistently from his discretional income and Hodl for the Long term will give him good profits in return.

Bitcoin's decentralised nature has been a major asset in it's growth, people having hold or influence over things always tend to delay growth and limit exposure, this is why bitcoin has grown so much, with no strings attached to the rise and fall of the economy of any particular country, this practically makes it immune to economic inflations, and it's self sustaining nature has also helped increase it's global value as many more people want it, and now it's not just people, now we see full companies wanting to have their share of bitcoin, even countries trying to increase their own stash of bitcoin, we keep seeing them buying more and more, this alone is already enough prove that bitcoin is a sure fire way to financial success.

I propose an alternative. Definitely don't do Sell Buy Sell, but you can do Buy Sell Buy.

I wonder how many users will understand what this means. 

you are probably right, but you can only sell what you have and you can't have it you don't buy, so with bitcoin I don't think selling can ever come before buying, so you have to buy buy buy before you can sell sell sell

[laspol65]

I propose an alternative. Definitely don't do Sell Buy Sell, but you can do Buy Sell Buy.

I wonder how many users will understand what this means. 

Buy sell Buy This means that first buy, hold and then sell. Yes, I am in favor of this because I will buy first and hold for a long time and then when it reaches a significant level, it should be sold again. But that is why it is best to keep Bitcoin for a long time according to the plan, the longer Bitcoin can be held, the more the world can improve.
That is why I prefer following the domestic method as an alternative to your method, because the DCA method reflects on the investor in such a way that through investment, he can hold it for a long time and after a long time his portfolio is also very heavy. That is why I say that by investing for a long time, it is possible to hold it for a long time, that is why the DCA method helps the investor from both sides.

[JayJuanGee]

What are the basics that the newbie needs to learn about bitcoin before getting started?

I think as a newbie what I need and require to start investing in bitcoin is a discretionary income and a little details and knowledge, how to buy bitcoin and also knowing a safe wallet to hodl our Bitcoin, discretionary income is very important, because some newbies makes that mistake of investing in bitcoin with money meant for paying for their expenses which I think it’s really not an effective way of investing into bitcoin.

I think we can be learning other things while we have already started investing into bitcoin.

You are right, in fact, to invest in Bitcoin, you must first have discretionary income. And you must have the ability to acquire knowledge. And that is, of course, maximum in humans. After that, you need to create a basic idea about Bitcoin for investment. The most important things to keep in mind when investing are Volatility, long-term vision,  DCA(Dollar-Cost Averaging), risk management, security. If you invest patiently for 4 to 5 years, the possibility of making a profit is much higher. Every 4 years ends in a cycle. After that, the price of Bitcoin increases a lot. Which has happened in the past. So everyone should invest for at least 4 years after investment and complete a halving time .

What happens if a person starts to invest in bitcoin at or near the top of the cycle?

what happens if a person starts to invest in bitcoin after the top and as the price is going down?

What happens if a person starts to invest in bitcoin at the bottom of the cycle and/or as the price is going up?

Even though there are some guys who are able to start their investment with a lump sum or to front load their investment, into bitcoin, yet I imagine many would be investing into bitcoin in a regular way, such as weekly and such as dollar cost averaging.

Should the above described situations be treated differently, since a person might not know exactly where he is in the cycle.  To get started does a bitcoin newbie need to learn bitcoin cycle theory?

What are the basics that the newbie needs to learn about bitcoin before getting started?

Sir I am a new person I am learning almost everything from you, I try to read every comment of yours sir. I think in the first place a person should know about Bitcoin security, Blockchain technology and what is Bitcoin. If a person knows these things then he will be able to understand why he should invest in Bitcoin. When a person can understand these things then he will be willing to invest on his own and then he will be able to understand on his own what is needed to invest. Like wallet, how to buy and sell Bitcoin etc.

You believe that a person needs to know those things that you mentioned prior to getting started investing into bitcoin?

Ordinarily, the outlined basics @Loyang is already sounding like many months in the class learning about Bitcoin without investing. Talking about basic, I guess it shouldn't be so technically demanding like the outlined above. More also, wondering why knowing the outlined @Loyang would be the only reason for someone to understand why to invest in Bitcoin. Does it mean that not knowing most of the outlined one won't understand why to invest in Bitcoin?

Sometimes I wonder if members participating in threads like this are speaking from actual experience or merely from theory.

Many of us should be able to figure out from our own experiences how much we need to know about bitcoin and/or about our personal finances/psychology.

Sure, many of us are learning as we go, so we may or may not recognize that we might need to make adjustments to what we are doing or what we plan to do.

Many times, I proclaim that guys need to get started as soon as possible, and that guys can work out the details, yet guys cannot get started right away if they cannot even figure out the extent to which they have discretionary income or not, and they also should not get started if they have personal problems that inhibit their abilities to learn and/or their inclination to fall into gambling (trading) practices rather than trying to approach bitcoin as an investor.

Sure some folks might not know the difference between being an investor and a trader, yet that should not necessarily stop them from getting started and trying to figure out why so many guys in this forum suggest that approaching bitcoin as an investment is better than trying to trade it.

What are the basics that the newbie needs to learn about bitcoin before getting started?

I think as a newbie what I need and require to start investing in bitcoin is a discretionary income and a little details and knowledge, how to buy bitcoin and also knowing a safe wallet to hodl our Bitcoin, discretionary income is very important, because some newbies makes that mistake of investing in bitcoin with money meant for paying for their expenses which I think it’s really not an effective way of investing into bitcoin.

I think we can be learning other things while we have already started investing into bitcoin.

The first thing a newbie should know about bitcoin is how to secure their bitcoin and protect their wallet at all costs. This is very important because there are many people outside who are doing everything they can to ruin people's lives by scamming them. The second thing a newbie should understand is that Bitcoin is a long-term investment, bitcoin is not an investment that you should invest today with the expectation that the price will rise in the next month or year; rather, bitcoin should be considered a long-term investment.

The newbie should understand that bitcoin is an investment in which the investor must be patient. Patient is an important factor when holding bitcoin because some newbies are not patient when they see the price of bitcoin falling, some will decide to sell because they do not want to lose their money; if you are not patient, you can not to hold bitcoin for an long period of time. These are some of the things a newbie should know before investing in bitcoin.

You are talking about a mindset that you believe that a newbie bitcoiner needs to have before investing into bitcoin, and there may well be a lot of folks who are not sure about if they are an investor or a trader, and there also might be folks who are not sure about how long they want to get into bitcoin, so are you saying that these guys cannot get started buying bitcoin, unless they have answers (and a vision) in regards to the important prerequisite topics that you presented?

Don't get me wrong.  I am not opposed to some of your ideas, yet I question the extent to which normie newbies need to have the qualities that you suggest prior to their getting started buying bitcoin, and cannot they just adjust their beginning position size to be smaller if they don't have all of the qualities that you consider to be required prior to their getting started buying bitcoin?

And you seem to also be suggesting that a normie newbie needs to start out by figuring out how to use a wallet prior to buying any bitcoin?  And, they have to learn about scams too?  How long is that training going to take?  Do you have a mini-course that you are providing for normie newbies?

[edited out]

If an investor plans to invest and his favorite coin is Bitcoin,

Oh my..  

favorite coin?  bitcoin?

then I think he should not delay investing in Bitcoin if he has the ability, but should continue investing in Bitcoin as soon as possible.

That sounds good.

Many people say that before investing in Bitcoin, investors should definitely know about investing in Bitcoin, understand the market, observe the chart well, or try to understand the momentum of the candles. I think those who trade will understand these things well, but an investor does not really need to know so much. If an investor has the basic concepts of investment, he can start his investment journey and step by step he will be able to learn about all those things when he needs to know about the investment. I think that at this time, if we do not invest in Bitcoin even after knowing about Bitcoin, it will be foolish for us and we will regret this foolishness a lot in the future.

The normie newbie doesn't need to know anything in order to start investing into bitcoin, then?

As a beginner the first objective should be creation of a stable/consistent stream of income, the second should be acquiring a good knowledge about investments as one cannot know/have all the knowledge about investments, the 3rd is to get acquainted with the risks involved and how to minimise losses because losses are inevitable but can be minimized and finally is to take the bold step and invest, utilizing your knowledge on investment.

This is pretty vague.

Maybe an example would be helpful.

I propose an alternative. Definitely don't do Sell Buy Sell, but you can do Buy Sell Buy.

I wonder how many users will understand what this means.  

What you are suggesting has a trading sound to it, yet I suppose timeline might make a difference in terms of figuring out how to interpret your puzzle.

My own idea is buy and continue to buy until reaching overaccumulation status then you are able to sell, within your overaccumulated amount, yet you would not be selling with intentions to buy back cheaper, yet if the price dropped cheaper, you would have the option to use some of the funds generated from the sale to buy back.

As already mentioned, you cannot sell unless you bought first, and personally I recommend that newbies build up their bitcoin stash through ongoing buying, so they would not be selling perhaps in the first several years in being in bitcoin unless it is just sell and replace... so in their beginning years in bitcoin - perhaps a whole cycle or longer, they would ONLY be buying and building the bitcoin stash and hopefully ongoingly studying bitcoin and their personal finances so that they can figure out what they are going to do next after they built enough bitcoin or even in the process of trying to figure out how many bitcoin is enough or more than enough.. which they might not even be able to reach in the first cycle or two, unless they are able to employ a somewhat aggressive bitcoin accumulation strategy (that only involves buying).

[Bigjoe33]

What are the basics that the newbie needs to learn about bitcoin before getting started?

I think as a newbie what I need and require to start investing in bitcoin is a discretionary income and a little details and knowledge, how to buy bitcoin and also knowing a safe wallet to hodl our Bitcoin, discretionary income is very important, because some newbies makes that mistake of investing in bitcoin with money meant for paying for their expenses which I think it’s really not an effective way of investing into bitcoin.

I think we can be learning other things while we have already started investing into bitcoin.

You are right, in fact, to invest in Bitcoin, you must first have discretionary income. And you must have the ability to acquire knowledge. And that is, of course, maximum in humans. After that, you need to create a basic idea about Bitcoin for investment. The most important things to keep in mind when investing are Volatility, long-term vision,  DCA(Dollar-Cost Averaging), risk management, security. If you invest patiently for 4 to 5 years, the possibility of making a profit is much higher. Every 4 years ends in a cycle. After that, the price of Bitcoin increases a lot. Which has happened in the past. So everyone should invest for at least 4 years after investment and complete a halving time .

What happens if a person starts to invest in bitcoin at or near the top of the cycle?

what happens if a person starts to invest in bitcoin after the top and as the price is going down?

What happens if a person starts to invest in bitcoin at the bottom of the cycle and/or as the price is going up?

Even though there are some guys who are able to start their investment with a lump sum or to front load their investment, into bitcoin, yet I imagine many would be investing into bitcoin in a regular way, such as weekly and such as dollar cost averaging.

Should the above described situations be treated differently, since a person might not know exactly where he is in the cycle.  To get started does a bitcoin newbie need to learn bitcoin cycle theory?

It certainly No for an answer, yea! An interesting would be Bitcoin investor or a newbie must not learn all and/know about Bitcoin cycle theory to get started, that will only keep him guessing and tossing around without really getting started at all, perhaps, he is a newbie and knows nothing much about the market.

For me, the interest to start is the push. I stand in the place of buying at the point you meet Bitcoin, I mean at any cycle, be it at the top, bear or even rising, the point and aim is that you have began to gradually accumulate some stash for your self and that's what matters. If after you have settled basic necessities and then have your discretionary, it's should be used and budgeted to get the Bitcoin at the present cycle you meet it,  you must not begging to make research about the present cycle and how much to save up first before you can start buying, this can delay or even kill your target and/or you might no longer buy anymore because the cycle you want might not come anytime soon or you might lose your supposed Bitcoin accumulation money kept to other live demands while Waiting for cycles or trying to lean cycles.

Basic knowledge about Bitcoin and discretionary can get you started all the way, and along the line, you learn better and from experiences too

[Gallar]

What are the basics that the newbie needs to learn about bitcoin before getting started?

Beginners do not need to have a degree to invest in Bitcoin, as someone mentioned above, how to buy, which wallet is safe, about long-term holding, etc., gaining knowledge about these topics will be enough to invest in Bitcoin. And they can start investing by following the DCA method. They can start like this and gain more knowledge later.

New investors think that they need to know Bitcoin in depth first, but the real priority should be understanding their personal finances, such as cash flow, backup funds, and determining the size of their initial investment position. A few minutes of chart analysis is enough to get a basic understanding of Bitcoin. It is wise to start with small positions and gradually build up confidence and investment as you learn. This is why DCA strategy and proper financial management are essential. So that it is possible to continue investing regularly.

Yes of cause you don't need to know everything about investment before you start investing
It's a process of learning, you can start with a little amount of money first then as time goes on as you begin to learn more about the investment you can be invest a larger amount of money
But before any one starts at least they should know the basic things about the coin like but at the dip and hold

But just starting without knowing any thing concerning the coin is just gambling.

This topic is often discussed, as everyone likely has a different perspective on the matter. But I'll personally answer it more flexibly this time. I think learning about Bitcoin before investing and learning about it after starting are probably the same, with the only difference being the timing. So, is there anything wrong with either? I don't think so. Both are perfectly good, and neither is inherently bad. Learning something before jumping in is certainly a wise decision. Just like swimming in a deep pool, to be able to swim, you have to learn first. It's impossible to jump in without knowing how to swim. So, perhaps that's how it feels to learn about Bitcoin before investing.

Then, people who don't learn about Bitcoin and jump straight into investing are like someone with great courage who jumps into a deep pool without proper preparation. But because that person has good courage, they can eventually swim. Because a person who has high courage will definitely, when he jumps into a deep pool, even if he is not good at swimming at first, he will definitely remain calm and analyze the existing situation. So, the bottom line is, there's nothing wrong with learning before investing in Bitcoin or after it's up and running. What I find less positive is people who don't invest in Bitcoin, even though they know its potential.

[ZeroVinsonN]

What are the basics that the newbie needs to learn about bitcoin before getting started?

Beginners do not need to have a degree to invest in Bitcoin, as someone mentioned above, how to buy, which wallet is safe, about long-term holding, etc., gaining knowledge about these topics will be enough to invest in Bitcoin. And they can start investing by following the DCA method. They can start like this and gain more knowledge later.

New investors think that they need to know Bitcoin in depth first, but the real priority should be understanding their personal finances, such as cash flow, backup funds, and determining the size of their initial investment position. A few minutes of chart analysis is enough to get a basic understanding of Bitcoin. It is wise to start with small positions and gradually build up confidence and investment as you learn. This is why DCA strategy and proper financial management are essential. So that it is possible to continue investing regularly.

Yes of cause you don't need to know everything about investment before you start investing
It's a process of learning, you can start with a little amount of money first then as time goes on as you begin to learn more about the investment you can be invest a larger amount of money
But before any one starts at least they should know the basic things about the coin like but at the dip and hold

But just starting without knowing any thing concerning the coin is just gambling.

This topic is often discussed, as everyone likely has a different perspective on the matter. But I'll personally answer it more flexibly this time. I think learning about Bitcoin before investing and learning about it after starting are probably the same, with the only difference being the timing. So, is there anything wrong with either? I don't think so. Both are perfectly good, and neither is inherently bad. Learning something before jumping in is certainly a wise decision. Just like swimming in a deep pool, to be able to swim, you have to learn first. It's impossible to jump in without knowing how to swim. So, perhaps that's how it feels to learn about Bitcoin before investing.

Then, people who don't learn about Bitcoin and jump straight into investing are like someone with great courage who jumps into a deep pool without proper preparation. But because that person has good courage, they can eventually swim. Because a person who has high courage will definitely, when he jumps into a deep pool, even if he is not good at swimming at first, he will definitely remain calm and analyze the existing situation. So, the bottom line is, there's nothing wrong with learning before investing in Bitcoin or after it's up and running. What I find less positive is people who don't invest in Bitcoin, even though they know its potential.

I'm just trying to see if I can expand on this, but first I will like to state that you can not invest in bitcoin yourself if you do not have the basic knowledge of what bitcoin is, at the very least you need to know what bitcoin is.
So on your point, I wouldn't want to quantify going into bitcoin investment with little knowledge as jumping into deep water without knowing how to swim, but more like getting into the pool from the shallow end, you can't swim but you are at no particular risk of drowning since you are still in shallow waters, to explain this I will be using an example, someone who doesn't know anything about bitcoin at all could throw in their entire funding into bitcoin investment thinking that it's a get rich quick scheme, doing this puts you in financial jeopardy so you need to at least know that bitcoin investment is long term and you should invest with your discretionary income to avoid bankruptcy on your own part as an investor.
Getting the full knowledge about bitcoin before investing will be like a swimmer preparing for a race with full diving gear and oxygen tanks, you are better prepared for unforeseen circumstances but you will be coming in deaf last at the end of the day because your gear will have delayed you.
So you don't need to know everything before you start to invest, you just need to know enough.

[Stormisover]

What are the basics that the newbie needs to learn about bitcoin before getting started?

Beginners do not need to have a degree to invest in Bitcoin, as someone mentioned above, how to buy, which wallet is safe, about long-term holding, etc., gaining knowledge about these topics will be enough to invest in Bitcoin. And they can start investing by following the DCA method. They can start like this and gain more knowledge later.

New investors think that they need to know Bitcoin in depth first, but the real priority should be understanding their personal finances, such as cash flow, backup funds, and determining the size of their initial investment position. A few minutes of chart analysis is enough to get a basic understanding of Bitcoin. It is wise to start with small positions and gradually build up confidence and investment as you learn. This is why DCA strategy and proper financial management are essential. So that it is possible to continue investing regularly.

Yes of cause you don't need to know everything about investment before you start investing
It's a process of learning, you can start with a little amount of money first then as time goes on as you begin to learn more about the investment you can be invest a larger amount of money
But before any one starts at least they should know the basic things about the coin like but at the dip and hold

But just starting without knowing any thing concerning the coin is just gambling.

This topic is often discussed, as everyone likely has a different perspective on the matter. But I'll personally answer it more flexibly this time. I think learning about Bitcoin before investing and learning about it after starting are probably the same, with the only difference being the timing. So, is there anything wrong with either? I don't think so. Both are perfectly good, and neither is inherently bad. Learning something before jumping in is certainly a wise decision. Just like swimming in a deep pool, to be able to swim, you have to learn first. It's impossible to jump in without knowing how to swim. So, perhaps that's how it feels to learn about Bitcoin before investing.

Then, people who don't learn about Bitcoin and jump straight into investing are like someone with great courage who jumps into a deep pool without proper preparation. But because that person has good courage, they can eventually swim. Because a person who has high courage will definitely, when he jumps into a deep pool, even if he is not good at swimming at first, he will definitely remain calm and analyze the existing situation. So, the bottom line is, there's nothing wrong with learning before investing in Bitcoin or after it's up and running. What I find less positive is people who don't invest in Bitcoin, even though they know its potential.

It can difficult for anyone to go in to anything that they do not have any idea on, the learning comes in different ways the theoritical and practical, theoretically the basic knowledge is required to start to perform the practicals while learning continues gradually in both aspects, while having to know the basic theory of swimming will not make any one to know how to swim without practicing, alot of people who were courageous to jump in to swimming without taking the necessary steps never keep calm infact some didn't survived it and some too that survived never went back out of fear from their previous experience let's just say that there are steps to which the all of this of can be followed that will be reasonablely practicable including the leaning how to swim and going in to Bitcoin investment.

[CageMabok]

I propose an alternative. Definitely don't do Sell Buy Sell, but you can do Buy Sell Buy.

I wonder how many users will understand what this means. 

At first glance, it sounds similar, but upon closer examination, it carries a different meaning: everyone is required to buy early if they want to progress further through investing. The method is to buy, even if they will eventually sell before buying again. However, everyone has different levels of patience when it comes to this method, because any investment is insufficient if it relies solely on methods without initial capital. As for buying and selling, it's a simple method that some people might use if they don't have the initial capital to buy something they want to invest in, in this case, I'll give the example of Bitcoin. Therefore, some people prefer to sell other assets to have capital to buy Bitcoin, even though they will eventually sell again before returning to the old method.

However, regarding the two points you mentioned, I briefly see two distinct sides, such as those who frequently sell after buying and those who frequently buy without selling. Therefore, each of us must know where to position ourselves if our goal is long-term investment in Bitcoin while properly implementing the methods we've prepared and mastered.

[Barikui1]

It can difficult for anyone to go in to anything that they do not have any idea on, the learning comes in different ways the theoritical and practical, theoretically the basic knowledge is required to start to perform the practicals while learning continues gradually in both aspects, while having to know the basic theory of swimming will not make any one to know how to swim without practicing, alot of people who were courageous to jump in to swimming without taking the necessary steps never keep calm infact some didn't survived it and some too that survived never went back out of fear from their previous experience let's just say that there are steps to which the all of this of can be followed that will be reasonablely practicable including the leaning how to swim and going in to Bitcoin investment.

You don't have to get burnt first before you learn, because you might get burnt to the level in which you might never recover to bounce back again, that's why I believe that the best way to learn about Bitcoin or any other thing is by doing your own research, asking those that have been in the field earlier that are successful in it, and also ask those that has been in the field earlier that failed, they both have what to tell you because their experience differs.
Those Bitcoin investor that fails will definitely disclose so many things to you why he fails, like the mistakes he made and what he should have done, so as the investor that was successful, and all he has to do to be successful, so as long you are humble enough to learn from both of them if they will be sincere with you, you will never miss a step while investing in Bitcoin.

[SmartCharpa]

That's the more reason why people shouldn't priotise buying the dip only, since the market has no patience in waiting for any investor and while some investors are waiting for downtrend it could do otherwise cause it's very volatile and unpredictable and the more the demand for it the more it’s price tend to go higher, well since it's now a very realiable asset to invest for the future, it's has proven so, therefore more people especially the rich folks and organizations are in serious demand of the coin thereby making the price to keep going up over time, so it's more better to join those who accumulate it continuously and hold for the future and get better return when the prices goes higher than this.

I totally agree with you on this, and that’s the fact about those who have folded their hands waiting for a downtrend that might never come. Bitcoin is a volatile asset, and we cannot predict how the market will operate. So our mindset should never be only about buying the dip, while other people are busy continuously accumulating with the target they set. The same market you might think is too high to start the journey is the one many people are gradually accumulating from.

It has reached the point where companies and many individuals are investing in Bitcoin for the future, because Bitcoin has already spoken for itself over the years. There is no need to prove anybody wrong in investing for the future potential is exactly why people are buying. We should rather join this amazing journey and be part of those accumulating regardless of the price, because when the price is higher than this in the future, we will have a better return.

[asarfiar]

New investors think that they need to know Bitcoin in depth first, but the real priority should be understanding their personal finances, such as cash flow, backup funds, and determining the size of their initial investment position. A few minutes of chart analysis is enough to get a basic understanding of Bitcoin. It is wise to start with small positions and gradually build up confidence and investment as you learn. This is why DCA strategy and proper financial management are essential. So that it is possible to continue investing regularly.

A beginner does not need to analyze charts before epping a bag; that's the work of a trader. Basically, what a beginner needs to know is to understand Bitcoin and how the market works. He needs to know that Bitcoin is a volatile asset and the price changes and that there are two seasons: the bull and bear seasons. Another thing a beginner needs to know is wallet security. How to get a good wallet and store the Bitcoin safely. Then, he can start accumulating by using DCA, like you said.

You have given a very good argument. Newbies do not need much in-depth knowledge to invest in Bitcoin. If they have only some basic knowledge, they can make a long-term investment decision in Bitcoin. I think 70% of new investors cannot survive, the main reason for this is the lack of right decisions. The Bitcoin market is always unstable and since there is no legal enforcement, the thing that can be observed among new investors is that waiting for a long time becomes a very difficult thing for them.

I think one thing that new investors must be aware of is that they can accept the instability of the market. You have to continue the investment activities keeping in mind the talent of losing money. In this way, you have to move forward bravely and after a long time you will be able to earn very, very good returns.

[Futurexxx]

Yes of cause you don't need to know everything about investment before you start investing
It's a process of learning, you can start with a little amount of money first then as time goes on as you begin to learn more about the investment you can be invest a larger amount of money
But before any one starts at least they should know the basic things about the coin like but at the dip and hold

But just starting without knowing any thing concerning the coin is just gambling.

Looking at this your post here and all you said here, you are not entirely wrong, what you are trying to say makes sense to me, because you must not have it all to start your Bitcoin investment, all you just need is the basic knowledge of it and how to go about your Bitcoin accumulation, then along the line you might start learning more on it and what is required, like what you have to do to be successful on the longer term, but the problem I have with this your post is you addressing Bitcoin as a coin, because by doing so, most newbies will start thinking that they can invest in anything in the market, not knowing that it's Bitcoin you are talking about, not alt or meme coin, so try to be specific when talking about Bitcoin in case of next time, in other not to mislead newbies in the space.