Buy Buy Buy or Sell Sell Sell?

[Faazs]

]
Many people make the mistake of selling their Bitcoin once they get a certain profit target, forgetting that Bitcoin real potential show in long term.  The market might have its ups and downs, but we have seen that patient holders always end up in a better position.

It is actually smart to take profit when needed, maybe to cover expenses or reinvest elsewhere, but completely exiting the market could mean missing out on what is coming next..

patients is a key factor in holding bitcoin for a longer term. Without patience an investor may fall Frey to market trend and be compel into taking impulsive decisions.A good understanding of the nature of bitcoin can also play a role here, having an understanding of bitcoin will make an investor to appreciate longer term investment.

That is the point I'm trying to drive in, patience and understanding go hand in hand when it comes to Bitcoin.. Once you have understand what you are holding, you will stop seeing short term dips as losses and start seeing them as opportunities..
Most people lose out because they want quick profits, but the main profit in Bitcoin comes with time..

The shortest way is the longest way, for you to be in a quick profit in bitcoin you need to go long term, and the longest term you hold the highest profit you grab, it's as simple ABC, but then the haste of turn over or to prove to people that you invested in bitcoin and it gave you profit is what I have seen driving shitcoiners in bitcoin and the  loss their way on it hence complaining that bitcoin is not a safe haven as it is said to be meanwhile they never accept the truth of longevity.

And it should be understood by everyone that those who enter into short-term mania, they do not actually see long-term results, and because of this short-term mania, they often only end up in more losses, because they buy and sell in the hope of short-term profits, but most of the time they cannot buy or sell as expected, due to which they often have to face losses. So instead of seeing Bitcoin as a get-rich-quick scheme, you have to think long-term through proper research, then it can create an opportunity for financial freedom in the future.

Sometimes we are the ones that actually confuse ourselves, how do you think long term through proper research. I believe the concept behind investing in Bitcoin is very simple and clear and I don't think we need any research when you already know how to accumulate and hold your Bitcoin because in Bitcoin investment the work there is just to get your discretionary income and know how much to be accumulating with and that's all, you don't have to research about anything unless you have another motive. Financial freedom is or cam be obtainable depending on how hard one work in accumulating and holding.

In as much, as you said the basic concept behind BTC investment is not that difficult, but nobody should be discouraged from carrying out their independent research as their is no time where we know it all, carrying out research is learning and proper and better understanding of what you are doing is of great importance as it helps you navigate the system better and also in trusting your judgement when making decisions regarding your BTC investment, take these platform for example if you don't take your time to scan through topics, reading through how do you then know more, how can you explain what you know to others who might want to learn, if what you just know about BTC is to put your discretionary income and accumulate, i believe it's not as simple as you stated as they multiple methods to do so and a person who is planning to invest has to now see these methods and choose the best one for themselves, their is a lot attached to BTC investment and you would not be able to grasp it without seeking more knowledge, through research.

[PhilosopherKing]

If the price has fallen and you believe that Bitcoin will rise again in the long term, it may be time to “Buy Buy Buy”.
If the price has risen a lot and you want to take profits, it may be time to “Sell Sell Sell”.
If the market is uncertain, then “Hold” (i.e. wait and see).Current SituationThe price of Bitcoin (BTC) is currently around US $111,076.
Many analysts say that there is a possibility of both a major bull run or a major decline for Bitcoin. On the bullish side — many analysts think that it could go to $150,000–$200,000 or higher by the end of 2025.
On the downside — other analysts think that the end zone of the bull market could be here and the price could go to $70,000 or even lower.  There are also some important technical and market metrics:
Institutional investors are showing buying interest, which is positive. However, microeconomics (interest rates, economic conditions, regulations) are still uncertain. Key support and resistance levels are emerging — with the $100,000 level being a major support.
If you believe in the long term (5-10 years or more): In this case, “buy” may be a reasonable decision, as institutional entry, supply, and acceptance are increasing. However, there is also risk — the price could come down.
If you are in the medium or short term (6-12 months or less): In this case, it is better to be a little cautious — as the market is now in a “high price position,” and there is a possibility of a big drop.  “Buy” or take profit may also be considered. If you are very sensitive to risk or are dependent on regular income:
Then it may be better to wait slowly or “buy in stages” — rather than risking a large sum at once.
Now if I have the money and I am thinking of holding it for the long term — then I would say “Buy in parts”, but not all at once.
But if I want to take a quick profit or do not want to take any risk — then I would say “Sell or wait”, especially if the price has already gone up and shows a possibility of a comeback.
Before making any decisions, make sure you know what kind of risk you can take, and whether you have an “exit strategy” that will allow you to exit.

. Also, as a long term bitcoin investor, you have no business timing the market before accumulating bitcoin,

I do not fully agree with you. Its only those who make use of DCA strategy that should have no business timing the market. I hope you know that there are those people who buy the dips, and also happen to be long term investors, are you then saying that they shouldn't time the market?     Because the market volatility, timing the market is a very stressful and burdensome approach that is why new people to investment are always told to stick to DCA method because it is less stressful and does not require you to time markete.

[Gaza13]

I see the short term though as a hasty means for an investor to get rich quick that's why they rush into it, but the risk is too high compared to long term bitcoin investment

Their is nothing as short term investor mate, those that buys and sells anytime the market rise are just traders trying to make profit in the market, and that is the reason they lose money while in the act, but with Investors with longer term mindset, they are the real winners because the possibilities of building a generational wealth overtime is very high since Bitcoin is an asset that appreciate in value overtime.
So we should try to only be think long term  when investing in Bitcoin because that's the ideal way to reap something good in your Bitcoin investment.

I agree with your statement. The experience of many investors who have been involved in the crypto market for a long time shows that short-term trading in Bitcoin often produces less than optimal returns. There's ample evidence and a long history that demonstrates that Bitcoin's long-term trajectory will have a tremendous impact on Bitcoin holders. Moreover, with its widespread adoption, both institutions and governments are seeking to hold Bitcoin as reserves for their countries. And we are all confident that Bitcoin will have fantastic value in the coming decades.

[arwin100]

. Also, as a long term bitcoin investor, you have no business timing the market before accumulating bitcoin,

I do not fully agree with you. Its only those who make use of DCA strategy that should have no business timing the market. I hope you know that there are those people who buy the dips, and also happen to be long term investors, are you then saying that they shouldn't time the market?     Because the market volatility, timing the market is a very stressful and burdensome approach that is why new people to investment are always told to stick to DCA method because it is less stressful and does not require you to time markete.

But do you think its worth to wait those dips to come before accumulating? imagine the delays happening if people engaging into that situation. Market is unpredictable so we don't know on when we can catch those dips.

You can do that if you just think about its just a bonus entry especially if there's some dumps happening in the market. But its more advisable especially if you are doing DCA to buy consistently so that you will not get bothered for any nonsense price actions happening in the market.

Much better if you straight up accumulate since for sure that you will not worry about any unnecessary things.

[ZeroVinsonN]

DCA strategy is not only the method or strategy that works for everyone rather all the methods can actually work for everyone depending on your capacity and your level of commitment, do you know that even with that fact that someone can use any amount to invest in Bitcoin at any price of the market, yet some people are not actually doing it well there by making it look like it is not working for them, so any method can work for anybody but it depends on how flexible your finance is and how well you can go about it.

Every investment strategy works as long as they are applied the right way, so it's not one the DCA method that works for bitcoin investors, it's just the most popular one since it appears to provide more opportunities for all kinds of investors with whatever budget range, it doesn't really discriminate in that regards, in a way while DCA doesn't care for price changes or market volatility but is also requires a reasonable amount of investment consistency which will ultimately demand alot of focus on the side of the investor and of course other bitcoin investment strategies require these things as well but arguably not as much as the DCA does. Anyone that can convince themselves to invest with the DCA and actually stay consistent in their investment can succeed in any other investment strategy, the level of hard work required to successfully pull of DCAing in a long term investment, will be enough to succeed in any other investment strategy as long as the investor knows what they are doing.

I do not fully agree with you. Its only those who make use of DCA strategy that should have no business timing the market. I hope you know that there are those people who buy the dips, and also happen to be long term investors, are you then saying that they shouldn't time the market?     Because the market volatility, timing the market is a very stressful and burdensome approach that is why new people to investment are always told to stick to DCA method because it is less stressful and does not require you to time markete.

I can't say I agree with you entirely, I could use lump sum purchase to buy bitcoin when the price is high, of course it would have been better to buy at a lower price but since my investment is going to be long term then the 10% difference between a high and low price will end up being inconsequential to me as an investor.
So while it is true that someone investing in bitcoin with DCA has no reason to bother with timing the market they are not necessarily the only ones who shouldn't be bothered by it, a lump sum investor can decide to not care about whether the price is high or low to buy, if the plan is long term then it makes no difference.

[Olatundespo]

That's right, learning all the technical aspects of Bitcoin right after starting to invest is more stressful than investing in Bitcoin. When I was asked to run my first node, I was very nervous even though I didn't know much about hashes, blockchains, proof of work, etc. There are many new and old Bitcoin users who are into the practical part of buying and holding Bitcoin, not the technical aspects. But I think if people understand the technical aspects, they will be more interested in investing in Bitcoin and try to hold it for the long term.

Surely understanding the technical aspect of bitcoin is a double advantage but a no coiner or a low coiner is not supposed to engage him or herself in practicing the technical aspect of bitcoin, what is required for them to get is the Basic knowledge first maybe other things can come later maybe after they must have stack enough stash of bitcoin in thier portfolio or getting to the stage of overaccumulation then, guys can start attempting to learn about the technical aspect of bitcoin before proceeding again. everything is planning you can't be here wasting alot of buying opportunities and also wasting a whole lot of years in trying to learn everything when you have gotten the Basic knowledge that is required the technical aspect of bitcoin should be the last thing to learn since it won't have any effect in our accumulation journey.

For me, I think one should already know about the basics of bitcoin before investing, I mean how do you invest in something you know nothing about, of course that will be lame.

You don't need to wait until you have accumulated alot of bitcoin before you start learning about the technical aspect rather you can learn this slow but steady, learning gradually and consistently about this technical aspect will help you avoid serious mistakes along the way. While there’s no need to rush, it’s important to start learning as early as possible.

You don't need to be a complete expert in Bitcoin to start investing. A basic understanding of Bitcoin is a good place to start. It takes time to learn the technical aspects of Bitcoin, so learning as you accumulate Bitcoin will help you become more aware of your investment and make your valuable holdings. As a newbie investors may have many questions about Bitcoin, and you will gain investment skills while trying to find answers to those questions. At the same time, it is a great effort when you increase the size of your holdings.

There is no need to rush to invest, but you should make a quick decision to start investing in Bitcoin because of the possibility of rapid price increases. Waiting too long to start investing in Bitcoin can cause you to miss out on the desired dips in value.

[Yeesha]

That's right, learning all the technical aspects of Bitcoin right after starting to invest is more stressful than investing in Bitcoin. When I was asked to run my first node, I was very nervous even though I didn't know much about hashes, blockchains, proof of work, etc. There are many new and old Bitcoin users who are into the practical part of buying and holding Bitcoin, not the technical aspects. But I think if people understand the technical aspects, they will be more interested in investing in Bitcoin and try to hold it for the long term.

Surely understanding the technical aspect of bitcoin is a double advantage but a no coiner or a low coiner is not supposed to engage him or herself in practicing the technical aspect of bitcoin, what is required for them to get is the Basic knowledge first maybe other things can come later maybe after they must have stack enough stash of bitcoin in thier portfolio or getting to the stage of overaccumulation then, guys can start attempting to learn about the technical aspect of bitcoin before proceeding again. everything is planning you can't be here wasting alot of buying opportunities and also wasting a whole lot of years in trying to learn everything when you have gotten the Basic knowledge that is required the technical aspect of bitcoin should be the last thing to learn since it won't have any effect in our accumulation journey.

For me, I think one should already know about the basics of bitcoin before investing, I mean how do you invest in something you know nothing about, of course that will be lame.

You don't need to wait until you have accumulated alot of bitcoin before you start learning about the technical aspect rather you can learn this slow but steady, learning gradually and consistently about this technical aspect will help you avoid serious mistakes along the way. While there’s no need to rush, it’s important to start learning as early as possible.

I don't think its actually a good idea for someone to start an investment immediately he or she started learning or acquiring knowledge about it, because if he doesn't understand the strategies and how the investment works, including the best time to hold or sell, he might end up been in a difficult situations and without being knowledgeable about the foundations and basics of the investment its actually going to be hard or difficult for them to manage and survive the situation and they might end up losing.

So, the best thing to do is to firstly learn and understand the basics of the investment and then carry on with your investment. With that you will also continue learning through your experience and also from other people's skills, because as it is learning never end, it continues from whatever step we choose to take in life.

[Yeesha]

It seems to me that trading likely takes a lot of learning and practice before figuring out various ways to potentially make it work so that you are not overly losing money, and some folks are likely to be more challenged in their abilities to trade in a way that is going to help them to be prepared for price moves in either direction... .. and so I doubt that anyone even comes close to developing good trading skills and practices in a matter of days or weeks - even if they might take approaches to trading that involves starting out with smaller amounts prior to perhaps increasing the amounts that they are staking (putting at risk) in their trades.

Tips of trading is so wide and very deep for someone to cover within some days or weeks, if the person is actually willing and ready to aquire and achieve a well standard knowledge on trading, because it is a complex field and it requires significant time, effort and dedication to master, so it is actually unrealistic to expect someone to acquired a comprehensive knowledge, understanding and expertise within a very short notice, or short period of time. And Basically, for someone to achieve something great in life, it often requires making a huge or great sacrifices, the same thing also apply to being a Successful trader. To acquire a effective and comprehensive knowledge and understanding on trading, one must be willing to sacrifice their time, and invest their effort into learning and developing their skills.

Apart from that, successful trading also requires personal discipline such as contentment, loyalty and commitment, but it is actually also very important important to approach trading with caution, wisdom, and a willingness to adapt to the changes that occur in the markets.

[Ricardo11]

I see the short term though as a hasty means for an investor to get rich quick that's why they rush into it, but the risk is too high compared to long term bitcoin investment

Their is nothing as short term investor mate, those that buys and sells anytime the market rise are just traders trying to make profit in the market, and that is the reason they lose money while in the act, but with Investors with longer term mindset, they are the real winners because the possibilities of building a generational wealth overtime is very high since Bitcoin is an asset that appreciate in value overtime.
So we should try to only be think long term  when investing in Bitcoin because that's the ideal way to reap something good in your Bitcoin investment.

I agree with your statement. The experience of many investors who have been involved in the crypto market for a long time shows that short-term trading in Bitcoin often produces less than optimal returns. There's ample evidence and a long history that demonstrates that Bitcoin's long-term trajectory will have a tremendous impact on Bitcoin holders. Moreover, with its widespread adoption, both institutions and governments are seeking to hold Bitcoin as reserves for their countries. And we are all confident that Bitcoin will have fantastic value in the coming decades.

This is why buying consistently with a long-term perspective is the best decision, since countries are also adopting Bitcoin to such a great extent, so it is certainly very possible that Bitcoin will continue to go much higher in the future. Bitcoin is being recognized as a global asset, and it may start to be used instead of fiat in the daily purchases of people around the world in the future, which is already being used in many countries, which countries that have not yet recognized Bitcoin will soon understand Bitcoin, so all in all, Bitcoin can go so high in the future, which is beyond our expectations, so accept it, and hold it for the long term, then you will be able to achieve its benefits in a very large way.

[Showlove01]

If the price has fallen and you believe that Bitcoin will rise again in the long term, it may be time to “Buy Buy Buy”.
If the price has risen a lot and you want to take profits, it may be time to “Sell Sell Sell”.
If the market is uncertain, then “Hold” (i.e. wait and see).Current SituationThe price of Bitcoin (BTC) is currently around US $111,076.
Many analysts say that there is a possibility of both a major bull run or a major decline for Bitcoin. On the bullish side — many analysts think that it could go to $150,000–$200,000 or higher by the end of 2025.
On the downside — other analysts think that the end zone of the bull market could be here and the price could go to $70,000 or even lower.  There are also some important technical and market metrics:
Institutional investors are showing buying interest, which is positive. However, microeconomics (interest rates, economic conditions, regulations) are still uncertain. Key support and resistance levels are emerging — with the $100,000 level being a major support.
If you believe in the long term (5-10 years or more): In this case, “buy” may be a reasonable decision, as institutional entry, supply, and acceptance are increasing. However, there is also risk — the price could come down.
If you are in the medium or short term (6-12 months or less): In this case, it is better to be a little cautious — as the market is now in a “high price position,” and there is a possibility of a big drop.  “Buy” or take profit may also be considered. If you are very sensitive to risk or are dependent on regular income:
Then it may be better to wait slowly or “buy in stages” — rather than risking a large sum at once.
Now if I have the money and I am thinking of holding it for the long term — then I would say “Buy in parts”, but not all at once.
But if I want to take a quick profit or do not want to take any risk — then I would say “Sell or wait”, especially if the price has already gone up and shows a possibility of a comeback.
Before making any decisions, make sure you know what kind of risk you can take, and whether you have an “exit strategy” that will allow you to exit.

. Also, as a long term bitcoin investor, you have no business timing the market before accumulating bitcoin,

I do not fully agree with you. Its only those who make use of DCA strategy that should have no business timing the market. I hope you know that there are those people who buy the dips, and also happen to be long term investors, are you then saying that they shouldn't time the market?     Because the market volatility, timing the market is a very stressful and burdensome approach that is why new people to investment are always told to stick to DCA method because it is less stressful and does not require you to time markete.

Any investor who uses the buy Dip method alone is really wasting time because the market don't Dip all the time and what it means is that if the market does not Dip they will not buy, so we should not only use the buy Dip method alone especially those who are starting that is pleb but it should be combined with the DCA method so that you will be accumulating little by little and saving up for Dip in case it occur, you can take advantage of it and using the buy Dip method alone will either make someone have slow investment or no investment at all.

[Merit.s]

Every investment strategy works as long as they are applied the right way, so it's not one the DCA method that works for bitcoin investors, it's just the most popular one since it appears to provide more opportunities for all kinds of investors with whatever budget range, it doesn't really discriminate in that regards, in a way while DCA doesn't care for price changes or market volatility but is also requires a reasonable amount of investment consistency which will ultimately demand alot of focus on the side of the investor and of course other bitcoin investment strategies require these things as well but arguably not as much as the DCA does. Anyone that can convince themselves to invest with the DCA and actually stay consistent in their investment can succeed in any other investment strategy, the level of hard work required to successfully pull of DCAing in a long term investment, will be enough to succeed in any other investment strategy as long as the investor knows what they are doing.

I don't think that DCA needs a reasonable amount of money before you can DCA, you can start your bitcoin investment with as low as $10 and continue like that buying weekly with DCA to keep your bitcoin purchase ongoing.

Anyone that has a regular discretionary income, can DCA with ease. All he needs is to be disciplined and committed so that whenever, his discretionary income is available, he DCAs immediately. Buying only at the dip is more stressful than persistent and consistent DCA because, you wouldn't know when the dip will come and it will take you unprepared meaning, you can miss what you have been waiting for and you might use the money.

Lump sum is that if you keep on piling up your money to buy at once when you're supposed to be DCAing with your discretionary income, you might end up not buying up to the quantity you should have bought worst-case is that you can even spend the money when a problem arises.

This is why I prefer to DCA maybe, if I got an extra caah or bonus that I don't expect, I can lump sum with it. Reserve funds is good to use in taking advantage of the dip.

As long as you buy bitcoin and hodli for a long-term with whatever accumulation strategy you will be fine but what matters most is the size of your portfolio which is the reason why you should accumulate as many bitcoin as possible for the future.

[Joy- maker]

I don't think its actually a good idea for someone to start an investment immediately he or she started learning or acquiring knowledge about it, because if he doesn't understand the strategies and how the investment works, including the best time to hold or sell, he might end up been in a difficult situations and without being knowledgeable about the foundations and basics of the investment its actually going to be hard or difficult for them to manage and survive the situation and they might end up losing.

So, the best thing to do is to firstly learn and understand the basics of the investment and then carry on with your investment. With that you will also continue learning through your experience and also from other people's skills, because as it is learning never end, it continues from whatever step we choose to take in life.

you already have the money to get started with bitcoin, so why waiting to learn everything about Bitcoin before you can get started, while you already have the money to get started as soon possible? or don't you think that waiting to learn and acquire full knowledge about bitcoin can delay your investment journey? Buddy IMO I will suggest you get started with bitcoin as soon possible provided you already have basic knowledge about bitcoin and the funds to get started, and when it comes to bitcoin you learn by experience, it's when you are into the system that you will learn more better and get good understanding about bitcoin, And let your focus be on the ongoing buying process and forget about selling for now, because you still have a long way to go, because you are to accumulate bitcoin until you accumulate a good portion of it and then hold for long term 4 to 10 years or longer to make good profit.

[Lidger]

I see the short term though as a hasty means for an investor to get rich quick that's why they rush into it, but the risk is too high compared to long term bitcoin investment

Their is nothing as short term investor mate, those that buys and sells anytime the market rise are just traders trying to make profit in the market, and that is the reason they lose money while in the act, but with Investors with longer term mindset, they are the real winners because the possibilities of building a generational wealth overtime is very high since Bitcoin is an asset that appreciate in value overtime.
So we should try to only be think long term  when investing in Bitcoin because that's the ideal way to reap something good in your Bitcoin investment.

I agree with your statement. The experience of many investors who have been involved in the crypto market for a long time shows that short-term trading in Bitcoin often produces less than optimal returns. There's ample evidence and a long history that demonstrates that Bitcoin's long-term trajectory will have a tremendous impact on Bitcoin holders. Moreover, with its widespread adoption, both institutions and governments are seeking to hold Bitcoin as reserves for their countries. And we are all confident that Bitcoin will have fantastic value in the coming decades.

The price at which the Bitcoin market is now located is certainly commendable because before touching this price, we had such an expectation that the market would reach this level, finally the market has reached this level and the market has stabilized at this level. Since the market has already broken this record, we expect the Bitcoin market to touch 150k dollars now and after touching 150, the Bitcoin market should touch 200k dollars. In other words, our expectations will continue to increase as time changes. However, I am not saying that the market will only increase during this period. There may be temporary dumping, but I believe that Bitcoin will overcome it and reach a good level again.

We understand that Bitcoin will reach a better level in the future, but many times we do not have the courage to invest because when we go to invest, we feel that if the Bitcoin market dumps heavily, then we will face major financial losses.
I think we should focus more on increasing our portfolio by eliminating these negative thoughts.

[Cgrexp]

I don't think its actually a good idea for someone to start an investment immediately he or she started learning or acquiring knowledge about it, because if he doesn't understand the strategies and how the investment works, including the best time to hold or sell, he might end up been in a difficult situations and without being knowledgeable about the foundations and basics of the investment its actually going to be hard or difficult for them to manage and survive the situation and they might end up losing.

So, the best thing to do is to firstly learn and understand the basics of the investment and then carry on with your investment. With that you will also continue learning through your experience and also from other people's skills, because as it is learning never end, it continues from whatever step we choose to take in life.

There are many investors who start investing without any idea about investing. When someone knows about investing and is aware of its risks, strategies and volatility, he will invest according to his financial management. As a result, he will be able to face any adverse situation without panicking. There are many who invest a large amount of money without having any idea about investing and then get disappointed when the market falls. So when someone gains knowledge about the basics of Bitcoin and starts his investment in a planned manner, it helps him to maintain the continuity of investment and he can achieve success in the long run.

[I_Anime]

I don't think its actually a good idea for someone to start an investment immediately he or she started learning or acquiring knowledge about it, because if he doesn't understand the strategies and how the investment works, including the best time to hold or sell, he might end up been in a difficult situations and without being knowledgeable about the foundations and basics of the investment its actually going to be hard or difficult for them to manage and survive the situation and they might end up losing.

So, the best thing to do is to firstly learn and understand the basics of the investment and then carry on with your investment. With that you will also continue learning through your experience and also from other people's skills, because as it is learning never end, it continues from whatever step we choose to take in life.

There are many investors who start investing without any idea about investing. When someone knows about investing and is aware of its risks, strategies and volatility, he will invest according to his financial management. As a result, he will be able to face any adverse situation without panicking. There are many who invest a large amount of money without having any idea about investing and then get disappointed when the market falls. So when someone gains knowledge about the basics of Bitcoin and starts his investment in a planned manner, it helps him to maintain the continuity of investment and he can achieve success in the long run.

When I started my bitcoin investment, i don’t have much knowledge about bitcoin the only thing I knew about bitcoin then was just the basic that’s a digital currency. And then I only know how make use of exchanges but still I started investing but I make sure I was acquiring as much as I can when I started my bitcoin journey, I was literally learn and same time accumulating that’s same thing am doing now cause am still learning.

[Derekfunds]

I don't think its actually a good idea for someone to start an investment immediately he or she started learning or acquiring knowledge about it, because if he doesn't understand the strategies and how the investment works, including the best time to hold or sell, he might end up been in a difficult situations and without being knowledgeable about the foundations and basics of the investment its actually going to be hard or difficult for them to manage and survive the situation and they might end up losing.

So, the best thing to do is to firstly learn and understand the basics of the investment and then carry on with your investment. With that you will also continue learning through your experience and also from other people's skills, because as it is learning never end, it continues from whatever step we choose to take in life.

There are many investors who start investing without any idea about investing. When someone knows about investing and is aware of its risks, strategies and volatility, he will invest according to his financial management. As a result, he will be able to face any adverse situation without panicking. There are many who invest a large amount of money without having any idea about investing and then get disappointed when the market falls. So when someone gains knowledge about the basics of Bitcoin and starts his investment in a planned manner, it helps him to maintain the continuity of investment and he can achieve success in the long run.

It is wrong to jump into something you don't know or have a clue on how it works and how to go about it simply because you saw people doing it or because you heard there is something great in it at the end. But some people are so naive and greed to the point they don't even care, all they want is just to make money and later they see themselves doing the wrong thing or going the wrong way. learning the basic of Bitcoin won't take time so why can't some people have a little patient. Bitcoin is a nice asset and it is not running so there is no need to rush and start without having a clue about it and some people make mistake and get into trouble because they see their friends who already know how this works doing well and so they will want to compete or try to accumulate more than them, the best thing to do in your Bitcoin investment journey is to mind your business and don't reason how big or small someone's portfolio is.

[Ryu_Ar1]

I don't think its actually a good idea for someone to start an investment immediately he or she started learning or acquiring knowledge about it, because if he doesn't understand the strategies and how the investment works, including the best time to hold or sell, he might end up been in a difficult situations and without being knowledgeable about the foundations and basics of the investment its actually going to be hard or difficult for them to manage and survive the situation and they might end up losing.

So, the best thing to do is to firstly learn and understand the basics of the investment and then carry on with your investment. With that you will also continue learning through your experience and also from other people's skills, because as it is learning never end, it continues from whatever step we choose to take in life.

There are many investors who start investing without any idea about investing. When someone knows about investing and is aware of its risks, strategies and volatility, he will invest according to his financial management. As a result, he will be able to face any adverse situation without panicking. There are many who invest a large amount of money without having any idea about investing and then get disappointed when the market falls. So when someone gains knowledge about the basics of Bitcoin and starts his investment in a planned manner, it helps him to maintain the continuity of investment and he can achieve success in the long run.

It happens for fomo but not all of them end badly because when they are aware of what they are doing and start to realize that when they are dealing with money then at least they should seek further understanding so as not to be wrong in acting in the end not a few people who start from fomo can actually improve their condition by learning about what they are doing even though it is already running (already made an investment before).

I am probably one of the people who can be said to be fomo because when I was in bitcoin (buying bitcoin for the first time) I didn't know what I was doing because I just followed the advice of my brother and wanted to quickly switch from my job which indirectly contradicted what bitcoin wanted to do. But after I was in bitcoin I just started learning bitcoin things from scratch and until I found this forum at the end.
I'm still here even though I didn't know what bitcoin was even when I bought it which makes me conclude that not all fomo will end tragically even though most fomo end like that.

[ejikeme24]

When I started my bitcoin investment, i don’t have much knowledge about bitcoin the only thing I knew about bitcoin then was just the basic that’s a digital currency. And then I only know how make use of exchanges but still I started investing but I make sure I was acquiring as much as I can when I started my bitcoin journey, I was literally learn and same time accumulating that’s same thing am doing now cause am still learning.

You seems to be kidding, what did you mean by basic knowledge that's a digital currency? Knowing how to use exchange is not even the Basic knowledge in my own point of view. If you're talking about having the basic knowledge it means that you know how to purchase bitcoin by your own self without anyone directing you on what to do and also knowing the right wallet to use for your bitcoin accumulation and you must not invest from any other funds apart from your discretionary funds, and then choose a method that will be suitable for your bitcoin accumulation, after that you will have to look into the volatile aspect of bitcoin and security is also applied. Secondly you must know that bitcoin is not a get rich quick scheme but a long term commitment, lastly you must be disciplined to focus on the long term as this are the basic things you are supposed to know before getting started, maybe with time you can start looking into setting up emergency funds and back up funds for safety reasons.

[G_Besar]

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I do not fully agree with you. Its only those who make use of DCA strategy that should have no business timing the market. I hope you know that there are those people who buy the dips, and also happen to be long term investors, are you then saying that they shouldn't time the market?     Because the market volatility, timing the market is a very stressful and burdensome approach that is why new people to investment are always told to stick to DCA method because it is less stressful and does not require you to time markete.

What we need to consider in this case is that buyers, both old and new investors, generally always move in any market conditions. Old investors will also move aggressively when they see a price drop in Bitcoin because they are people who truly appreciate the conditions and opportunities they see before them. Therefore, there's clearly nothing wrong with this method, as old investors are people who don't panic easily under any circumstances and are also accustomed to seeing price drops in the market during their own investments.

Meanwhile, new investors clearly need a more comfortable method that won't overwhelm them when they first start investing, which is why most people recommend using the DCA method. So, what we need to understand is that not all investors in the market are new; there are also experienced investors who prefer to take advantage of existing opportunities more aggressively without having to wait for advice from others.

[Skydrill]

I believe the concept behind investing in Bitcoin is very simple and clear and I don't think we need any research when you already know how to accumulate and hold your Bitcoin because in Bitcoin investment the work there is just to get your discretionary income and know how much to be accumulating with and that's all, you don't have to research about anything unless you have another motive.

This your statement that I highlighted really baffles me because I expected better from you showlov01. So if an investor only have the basic knowledge on how to buy and accumulate, he shouldn't seek more knowledge by doing more research on how to develop a strong holding hands, by putting his emergency and reserve funds in place that will aid his investment and make him no to contemplate on selling during emergencies.
So if you must know, doing research and attaining more knowledge on what and what is required in other not to sell prematurely is very important, that doesn't mean that you have other motive in mind, or you are trying to say that because you already have the basic knowledge on how to buy, accumulate Bitcoin and hold Bitcoin, making research and going for more knowledge is bad?
No bro.

Apparently, what you are trying to say is once you have the basic knowledge of Bitcoin and can apply it, then you are good to go, isn't there much to learn about Bitcoin, what about the investment methods, the Lump sum, the DCA and the other method, what if a newbie knows how to combine these 3 method of investment, wouldn't it add to the basic knowledge he or she already posseses and help them drive their Bitcoin investment to the next possible level, no matter where one is at the moment, I believe there is always another level to reach out for, and going beyond the basics is also important in Bitcoin.