Buy Buy Buy or Sell Sell Sell?

[alankasman]

To be honest, many people miss the real opportunity by doing excessive analysis before investing in Bitcoin. They think that if they wait a little longer the price will fall and then they can buy and make a profit. In my opinion, the most effective method is to make regular small investments which we call DCA. On the one hand this spreads the risk and on the other hand it also reduces mental stress. Because then you don't think too much about market fluctuations but rather your focus is on long term goals.

Any mindset is fine, especially when it comes to Bitcoin investment, but what we need to understand is that long-term and short-term investment differ in their management. The effective path depends on us avoiding the risks we've already implemented. The first focus when investing is to avoid fatal consequences or excessive risk. Our mental stress can change when the level of risk begins to decrease due to the investment method we use. Because long-term investment still requires a significant timeframe.

[Nightwatchmare]

There are many things to consider first, and the most important thing is financial stability so that the investment doesn't negatively impact your finances

You might have raised a good point, but you should know that what you might call financial stability may not be financial stability to the next person, because people earn differently and also have different responsibility level. If this is true, then you would agree with me that if we hinge on that fact that a potential investor should first consider his financial stability before starting investment, then there would be a problem because those who are not financially stable would NOT start, or those who feel they are not earning enough would still remain as spectators and not investors.

Therefore, it is good we leave it at,, if a newbie has the slightest idea of what Bitcoin is(maybe that it fluctuats and that buying and Hodl for long is better off) and is able to create his discretionary income from his main income after settlement of basic needs, then he is good to go. We believe that people don't learn everything at once, and thus, other things can be learnt while investing. Such investor can also while keeping on with his DCA accumulation, can seek for other source of income so to increase his income and there by maybe increase his DCAing amount.

People have got to be kidding when they think that once they have started investing it is compulsory that you must invest all the time no that is not the true the investment should be done at when there is availability of investment money for you to invest and relax your mind only to make your next investment whenever you have, most people don't look down on starting small and want everything to be perfectly planned before starting which is wrong, they are talking about financial stability don't you think a lot of us here will be challenge to even increase our income source at the start of our Bitcoin investment because we now have an engagement which is better off than waiting to have a financial stability? Of course the answer should be yes.

If you ask I will say there is nothing bad in investing all the time in Bitcoin that is if someone is capable and can handle it, there is nothing wrong though it can be stressful and somehow boring. If I have what it takes to be investing all the time I will be very happy because it will help me grow my profile so quick but anyone who doesn't have the capacity and what is needed and required to invest all the time should stay off because they will ruin their investment.

If an investor has the capacity to invest in Bitcoin all the time, there is nothing bad about his choice of investing in Bitcoin because it will even help the investor to frontload his Bitcoin investment and reach the stage of over accumulation sooner than expected, and buying Bitcoin all the time is not stressful since you will not be boarding a flight to buy Bitcoin; you can use your phone or laptop to buy Bitcoin anytime you feel like, and it is stress free. Buying Bitcoin all the time without ending up selling Bitcoin below 4 years is every investor's dream, so you are not the only one who wants to be in a state where he can have what it takes to buy Bitcoin all the time.,

[DubemIfedigbo001]

To be honest, many people miss the real opportunity by doing excessive analysis before investing in Bitcoin. They think that if they wait a little longer the price will fall and then they can buy and make a profit. In my opinion, the most effective method is to make regular small investments which we call DCA. On the one hand this spreads the risk and on the other hand it also reduces mental stress. Because then you don't think too much about market fluctuations but rather your focus is on long term goals.

Any mindset is fine, especially when it comes to Bitcoin investment, but what we need to understand is that long-term and short-term investment differ in their management.

If you really want to approach Bitcoin from a efficient investment POV then you should be more inclined to going long-term in it. Short-term investment doesn't give you the real chance at profitability in Bitcoin compared to long-term, that's why Bitcoin investment is encouraged to use your discretionary income to approach it so you can comfortably go long-term in it. Short-term investments is risky since at the time you wish to sell, Bitcoin price may be down and you sell at a loss.

The first focus when investing is to avoid fatal consequences or excessive risk.

To avoid fatal consequences, you should try to be as aggressive as you can without overdoing it so it can be sustained for long. Again build out your backup funds alongside your accumulating Bitcoin so that you don't put your investment at risk of being tampered if life situations like emergencies occurs.

Our mental stress can change when the level of risk begins to decrease due to the investment method we use. Because long-term investment still requires a significant timeframe.

Your strategy can help with the mental stress of a thing. If you don't have large discretionary income at your disposal, then don't go for lump sum, using DCA can see you more relaxed since you'll be spreading your buying over a longer timeframe and it would help you reduce the pressure and mental stress that comes with putting in a lot of funds at once into  your Bitcoin investment.

[abaeze]

If an investor has the capacity to invest in Bitcoin all the time, there is nothing bad about his choice of investing in Bitcoin because it will even help the investor to frontload his Bitcoin investment and reach the stage of over accumulation sooner than expected, and buying Bitcoin all the time is not stressful since you will not be boarding a flight to buy Bitcoin; you can use your phone or laptop to buy Bitcoin anytime you feel like, and it is stress free. Buying Bitcoin all the time without ending up selling Bitcoin below 4 years is every investor's dream, so you are not the only one who wants to be in a state where he can have what it takes to buy Bitcoin all the time.,

What you mean is easy to say or write but hard to do in the long run. Being able to buy Bitcoin regularly and hold it for at least 4 years without selling is now the hope and dream of investors. So if someone can do this then investing in Bitcoin will be one of the best investments of his life. Investing in Bitcoin is easy, safe and profitable for the future but it is impossible without long-term planning, discretionary income, patience and discipline.

[Barikui1]

What you mean is easy to say or write but hard to do in the long run. Being able to buy Bitcoin regularly and hold it for at least 4 years without selling is now the hope and dream of investors. So if someone can do this then investing in Bitcoin will be one of the best investments of his life. Investing in Bitcoin is easy, safe and profitable for the future but it is impossible without long-term planning, discretionary income, patience and discipline.

While investing in Bitcoin, it's mandatory that you understand that it wouldn't be an easy journey, life is full of ups and down, and so is Bitcoin investment, because along the way their will be so many times you may be emotional with your investment especially when it dip too much, and if you don't stay strong that particular time you might sell in panic or sell part of it.
Another thing is that when you have held Bitcoin for like two circles, you may be tired of holding, not because you have lost the spark, but because you are just tired of everything, but what's going to keep you going then is your determination and drive  of seeing it to the end, so holding especially for long is not an easy task regardless of your emergency and reserve funds in place or not, but they are very vital for you not to be forced to sell when you don't have to.

[Agbam]

To be honest, many people miss the real opportunity by doing excessive analysis before investing in Bitcoin. They think that if they wait a little longer the price will fall and then they can buy and make a profit. In my opinion, the most effective method is to make regular small investments which we call DCA. On the one hand this spreads the risk and on the other hand it also reduces mental stress. Because then you don't think too much about market fluctuations but rather your focus is on long term goals.

Any mindset is fine, especially when it comes to Bitcoin investment, but what we need to understand is that long-term and short-term investment differ in their management. The effective path depends on us avoiding the risks we've already implemented. The first focus when investing is to avoid fatal consequences or excessive risk. Our mental stress can change when the level of risk begins to decrease due to the investment method we use. Because long-term investment still requires a significant timeframe.

I don’t believe that any mindset is fine, I think there are a lot of bad practices as regards bitcoin investments and you can’t say all these are fine, so you mean someone coming into bitcoin with the mindset of making it big in a short term is a good mindset?, or an investor waiting for market to fall before he starts purchasing is a fine mindset? I don’t believe so and I think you should know better. How can you avoid fatal risks when you’re practicing the wrong thing?, Judging from your account you’re not a newbie like me, you can’t be dropping such comments someone else can just read it and feel he can use whatever practice on his investment.

[barisbilgili]

To be honest, many people miss the real opportunity by doing excessive analysis before investing in Bitcoin. They think that if they wait a little longer the price will fall and then they can buy and make a profit. In my opinion, the most effective method is to make regular small investments which we call DCA. On the one hand this spreads the risk and on the other hand it also reduces mental stress. Because then you don't think too much about market fluctuations but rather your focus is on long term goals.

Any mindset is fine, especially when it comes to Bitcoin investment, but what we need to understand is that long-term and short-term investment differ in their management. The effective path depends on us avoiding the risks we've already implemented. The first focus when investing is to avoid fatal consequences or excessive risk. Our mental stress can change when the level of risk begins to decrease due to the investment method we use. Because long-term investment still requires a significant timeframe.

I don’t believe that any mindset is fine, I think there are a lot of bad practices as regards bitcoin investments and you can’t say all these are fine, so you mean someone coming into bitcoin with the mindset of making it big in a short term is a good mindset?, or an investor waiting for market to fall before he starts purchasing is a fine mindset? I don’t believe so and I think you should know better. How can you avoid fatal risks when you’re practicing the wrong thing?, Judging from your account you’re not a newbie like me, you can’t be dropping such comments someone else can just read it and feel he can use whatever practice on his investment.

We must think realistically, If we're greedy, we're better off gambling than investing.

We all know that investing in Bitcoin is for the future, and we share the belief that profits will be earned over a very long period. Some investors simply want to protect their money from inflation, so we don't need to overthink our investment decisions. The most important thing now is to consistently invest for the long term. Regarding the potential profits, we should all be aware of the realistic implications, as we've long seen Bitcoin's price increase over time.

If we continue to combine our thoughts and analyze too much unimportant things, we will be left further behind in accumulating Bitcoin, so now we only focus on ourselves to invest in Bitcoin for the future.

[Barrykbest]

What you mean is easy to say or write but hard to do in the long run. Being able to buy Bitcoin regularly and hold it for at least 4 years without selling is now the hope and dream of investors. So if someone can do this then investing in Bitcoin will be one of the best investments of his life. Investing in Bitcoin is easy, safe and profitable for the future but it is impossible without long-term planning, discretionary income, patience and discipline.

While investing in Bitcoin, it's mandatory that you understand that it wouldn't be an easy journey, life is full of ups and down, and so is Bitcoin investment, because along the way their will be so many times you may be emotional with your investment especially when it dip too much, and if you don't stay strong that particular time you might sell in panic or sell part of it.
Another thing is that when you have held Bitcoin for like two circles, you may be tired of holding, not because you have lost the spark, but because you are just tired of everything, but what's going to keep you going then is your determination and drive  of seeing it to the end, so holding especially for long is not an easy task regardless of your emergency and reserve funds in place or not, but they are very vital for you not to be forced to sell when you don't have to.

Yea, actually holding Bitcoin for a long term  really tests both patience and emotional discipline, especially through multiple market cycles. It’s easy to get excited in bull runs or discouraged in dips, but the real strength is staying consistent with a clear plan. I always support having backup funds and realistic expectations as this help keeps investors from making emotional exits.

[Futurexxx]

We must think realistically, If we're greedy, we're better off gambling than investing.

We all know that investing in Bitcoin is for the future, and we share the belief that profits will be earned over a very long period. Some investors simply want to protect their money from inflation, so we don't need to overthink our investment decisions. The most important thing now is to consistently invest for the long term. Regarding the potential profits, we should all be aware of the realistic implications, as we've long seen Bitcoin's price increase over time.

You are largely right to an extent buddy, and I agree to most of what you said here, the only thing I just want to remind you of is that profit are not guaranteed even if held for a very long time because we live in a world where anything can happen, so many things can go wrong very fast in a short space of time, that's why we are not advice to go all in on our investment, though the probability of Bitcoin giving us a whole lot of profit in the future is very high, but nothing is 100% guarantee, so we should invest only what we can afford to lose.

[Money bag]

New investors think that they need to know about Bitcoin in depth first, but the real priority should be to understand their personal finances, such as: determining cash flow, backup funds, and the size of the initial investment position. In addition, gaining a basic understanding of Bitcoin. It is better to start investing small amounts and learn and increase the investment amount as confidence grows. In long-term investments, it is important to have a DCA strategy and financial management. So that an investor can continue to invest for the long term.

What I think that newbies investors need in other to start his or her Bitcoin investment journey is the basic knowledge on Bitcoin and figuring out their discretionary income, once they can do that, they are good to go. They don't have to have all the knowledge about Bitcoin from the start, because it might delay their accumulation and they might not even start later on, so once they can figure out their discretionary income and they have the basic knowledge on Bitcoin and how to accumulate, nothing is stopping them from starting, along the line they can seek for more knowledge on what and what is needed in other to develop a strong holding hands, and how to put them in place,  but they must start first before seeking more knowledge.

I agree with you, newbies don't need to know everything about bitcoin first before they can start investing, they just need to know enough to start, this enough will involve the investment strategy they want to use in their investment and to know that they need to invest with their discretionary income, this knowledge is basic and essential if anybody wants to invest in bitcoin so that they don't end up making huge mistakes in their investment before they even start to invest, this way the can learn anything else they feel they need to know while already investing with the basic knowledge they already have about bitcoin investment.

[Cossyblack]

If an investor has the capacity to invest in Bitcoin all the time, there is nothing bad about his choice of investing in Bitcoin because it will even help the investor to frontload his Bitcoin investment and reach the stage of over accumulation sooner than expected, and buying Bitcoin all the time is not stressful since you will not be boarding a flight to buy Bitcoin; you can use your phone or laptop to buy Bitcoin anytime you feel like, and it is stress free. Buying Bitcoin all the time without ending up selling Bitcoin below 4 years is every investor's dream, so you are not the only one who wants to be in a state where he can have what it takes to buy Bitcoin all the time.,

Technology have made life easier for all us,so as to buy Bitcoin. With your Smart phone connected to the Internet, you can seat at the comfort of your home and buy bitcoin whenever you wants without any stress applied. Another thing that makes it more easier & stress free is when you invest for the long term using the DCA Strategy. By investing Using the DCA Strategy, you can be buying Bitcoin at regular, weekly or monthly intervals without monitoring the market. This strategy reduces the risks, Emotional and mental stress timming the market,thereby making it stressfree when accumulating Bitcoin.
However, Hodling Bitcoin successfully for the next 4-10 years will also depends on your level of discipline,self control to resist being tempted to sell prematurely.

[Loyang]

To be honest, many people miss the real opportunity by doing excessive analysis before investing in Bitcoin. They think that if they wait a little longer the price will fall and then they can buy and make a profit. In my opinion, the most effective method is to make regular small investments which we call DCA. On the one hand this spreads the risk and on the other hand it also reduces mental stress. Because then you don't think too much about market fluctuations but rather your focus is on long term goals.

Any mindset is fine, especially when it comes to Bitcoin investment, but what we need to understand is that long-term and short-term investment differ in their management. The effective path depends on us avoiding the risks we've already implemented. The first focus when investing is to avoid fatal consequences or excessive risk. Our mental stress can change when the level of risk begins to decrease due to the investment method we use. Because long-term investment still requires a significant timeframe.

I don’t believe that any mindset is fine, I think there are a lot of bad practices as regards bitcoin investments and you can’t say all these are fine, so you mean someone coming into bitcoin with the mindset of making it big in a short term is a good mindset?, or an investor waiting for market to fall before he starts purchasing is a fine mindset? I don’t believe so and I think you should know better. How can you avoid fatal risks when you’re practicing the wrong thing?, Judging from your account you’re not a newbie like me, you can’t be dropping such comments someone else can just read it and feel he can use whatever practice on his investment.

Yes, you are right, there are many bad habits in investment. Which we should avoid. What we need to do to correct all these things is to do research. In the first place, a person should start investing and then he should know a lot. If a person does not do any kind of research after investing with basic knowledge about Bitcoin and a source of discretionary income, then it will be a wrong decision for him. We need to understand which decision will be the right decision for us and which will be the wrong decision for us. So we need to gain knowledge.

Judging from your account you’re not a newbie like me, you can’t be dropping such comments someone else can just read it and feel he can use whatever practice on his investment.

People can make mistakes, there is no point in making it like that. There are many great people who are very skilled in their work, but they also make many mistakes. You can point out the mistakes beautifully and present your comments by not making these mistakes. One will learn from the other, this is the best. Without arguing, let us learn from each other's mistakes

[Graph001]

New investors think that they need to know about Bitcoin in depth first, but the real priority should be to understand their personal finances, such as: determining cash flow, backup funds, and the size of the initial investment position. In addition, gaining a basic understanding of Bitcoin. It is better to start investing small amounts and learn and increase the investment amount as confidence grows. In long-term investments, it is important to have a DCA strategy and financial management. So that an investor can continue to invest for the long term.

What I think that newbies investors need in other to start his or her Bitcoin investment journey is the basic knowledge on Bitcoin and figuring out their discretionary income, once they can do that, they are good to go. They don't have to have all the knowledge about Bitcoin from the start, because it might delay their accumulation and they might not even start later on, so once they can figure out their discretionary income and they have the basic knowledge on Bitcoin and how to accumulate, nothing is stopping them from starting, along the line they can seek for more knowledge on what and what is needed in other to develop a strong holding hands, and how to put them in place,  but they must start first before seeking more knowledge.

I agree with you, newbies don't need to know everything about bitcoin first before they can start investing, they just need to know enough to start, this enough will involve the investment strategy they want to use in their investment and to know that they need to invest with their discretionary income, this knowledge is basic and essential if anybody wants to invest in bitcoin so that they don't end up making huge mistakes in their investment before they even start to invest, this way the can learn anything else they feel they need to know while already investing with the basic knowledge they already have about bitcoin investment.

You are right that new investors do not need to be very expert in starting to buy Bitcoin. To start a safe investment, they only need to keep two things in mind initially, where they will invest the money that they have left over. That is, if they have left over after meeting all the needs and necessary expenses of themselves and their family, they can invest from there so that even if they lose it, they will not suffer financially. In terms of investment, it does not make sense that you have to buy a lot at once. If you want, you can use the DCA method to invest a certain amount of your income weekly. Since the price of Bitcoin keeps fluctuating, their costs will decrease on average. If they can initially follow only these two things, they will not suffer financial losses and over time they will understand the rest.

[wakier]

I agree with you, newbies don't need to know everything about bitcoin first before they can start investing, they just need to know enough to start, this enough will involve the investment strategy they want to use in their investment and to know that they need to invest with their discretionary income, this knowledge is basic and essential if anybody wants to invest in bitcoin so that they don't end up making huge mistakes in their investment before they even start to invest, this way the can learn anything else they feel they need to know while already investing with the basic knowledge they already have about bitcoin investment.

In my opinion, knowledge about Bitcoin is very important before starting to invest if they just don't know thoroughly, in fact, if a mistake occurs in the middle of their investment, it will impact their investment, even though it takes a lot of time to learn, in my opinion it is better than just doing it haphazardly, especially for beginners who don't understand about bitcoin investment which takes time, even up to years, to feel the benefits if they save in the DCA method because the price is getting higher now, but it does depend on how much they start investing and most importantly beginners also need to know that investing in Bitcoin is fluctuating in price so if they start investing and the price drops they are not surprised.

[Joeboy]

New investors think that they need to know about Bitcoin in depth first, but the real priority should be to understand their personal finances, such as: determining cash flow, backup funds, and the size of the initial investment position. In addition, gaining a basic understanding of Bitcoin. It is better to start investing small amounts and learn and increase the investment amount as confidence grows. In long-term investments, it is important to have a DCA strategy and financial management. So that an investor can continue to invest for the long term.

What I think that newbies investors need in other to start his or her Bitcoin investment journey is the basic knowledge on Bitcoin and figuring out their discretionary income, once they can do that, they are good to go. They don't have to have all the knowledge about Bitcoin from the start, because it might delay their accumulation and they might not even start later on, so once they can figure out their discretionary income and they have the basic knowledge on Bitcoin and how to accumulate, nothing is stopping them from starting, along the line they can seek for more knowledge on what and what is needed in other to develop a strong holding hands, and how to put them in place,  but they must start first before seeking more knowledge.

I agree with you, newbies don't need to know everything about bitcoin first before they can start investing, they just need to know enough to start, this enough will involve the investment strategy they want to use in their investment and to know that they need to invest with their discretionary income, this knowledge is basic and essential if anybody wants to invest in bitcoin so that they don't end up making huge mistakes in their investment before they even start to invest, this way the can learn anything else they feel they need to know while already investing with the basic knowledge they already have about bitcoin investment.

When talking about the basic knowledge that newbies should have before they begin accumulating Bitcoin it is always important that they also understand the true nature of bbitcoin which is that it is volatile. This is because without this knowledge newbies may tend to panic when ever there is a price drop and also them taking reckless and unplanned decisions when ever the price later pump.... And yes having knowledge of the volatility nature of Bitcoin keeps going investors grounded and firm in the use of their strategy (preferably DCA), while still not losing sight of the major and bigger picture, which is that profitablity in Bitcoin mostly comes in the long run( 4-10yrs+).

[GIF-JOBS]

To be honest, many people miss the real opportunity by doing excessive analysis before investing in Bitcoin. They think that if they wait a little longer the price will fall and then they can buy and make a profit. In my opinion, the most effective method is to make regular small investments which we call DCA. On the one hand this spreads the risk and on the other hand it also reduces mental stress. Because then you don't think too much about market fluctuations but rather your focus is on long term goals.

Any mindset is fine, especially when it comes to Bitcoin investment, but what we need to understand is that long-term and short-term investment differ in their management. The effective path depends on us avoiding the risks we've already implemented. The first focus when investing is to avoid fatal consequences or excessive risk. Our mental stress can change when the level of risk begins to decrease due to the investment method we use. Because long-term investment still requires a significant timeframe.

Of course, a long-term mindset is very important in Bitcoin investment, because here you have to keep yourself stable, and you have to go through volatility, and you have to prepare yourself for it, and so you have to have the right mindset here. Patience and stability are needed, the market is very volatile, but you have to sustain yourself here, ignoring the volatility. So all in all, you have to know about Bitcoin, believe in the future of Bitcoin, and keep holding, you can get great results.

[Grace333]

I agree with you, newbies don't need to know everything about bitcoin first before they can start investing, they just need to know enough to start, this enough will involve the investment strategy they want to use in their investment and to know that they need to invest with their discretionary income, this knowledge is basic and essential if anybody wants to invest in bitcoin so that they don't end up making huge mistakes in their investment before they even start to invest, this way the can learn anything else they feel they need to know while already investing with the basic knowledge they already have about bitcoin investment.

In my opinion, knowledge about Bitcoin is very important before starting to invest if they just don't know thoroughly, in fact, if a mistake occurs in the middle of their investment, it will impact their investment, even though it takes a lot of time to learn, in my opinion it is better than just doing it haphazardly, especially for beginners who don't understand about bitcoin investment which takes time, even up to years, to feel the benefits if they save in the DCA method because the price is getting higher now, but it does depend on how much they start investing and most importantly beginners also need to know that investing in Bitcoin is fluctuating in price so if they start investing and the price drops they are not surprised.

A lot of beginners jump into Bitcoin without really understanding what they are getting into, and that is where most mistakes happen. Taking the time to actually learn before investing is a big deal, it saves you from panic moves when the price drops and helps you build the right mindset for long term holding.
The DCA method truly works, but like you said, it requires patience and consistency. Bitcoin is not some get rich quick thing, it is a long game, and the more you understand it, the better your conviction becomes when the market starts shaking people out..

[Bigjoe33]

To be honest, many people miss the real opportunity by doing excessive analysis before investing in Bitcoin. They think that if they wait a little longer the price will fall and then they can buy and make a profit. In my opinion, the most effective method is to make regular small investments which we call DCA. On the one hand this spreads the risk and on the other hand it also reduces mental stress. Because then you don't think too much about market fluctuations but rather your focus is on long term goals.

Any mindset is fine, especially when it comes to Bitcoin investment, but what we need to understand is that long-term and short-term investment differ in their management. The effective path depends on us avoiding the risks we've already implemented. The first focus when investing is to avoid fatal consequences or excessive risk. Our mental stress can change when the level of risk begins to decrease due to the investment method we use.

Yea, and that's why it is constantly adviced that newbies or investors should invest using the DCA method which give you a relaxed metal state and peace of mind as you get to control and be in charge of your investment since you only invest with your discretionary in little fraction as you can afford but consistently. You still have the privilege of increasing your Dcaing when your income increases overtime.

And secondly, at the face of Dips, you are relaxed because you didn't invest with the money you will be needing anytime soon, but rather investing to Hodl for long. You know, with a long term frame in mind, the DCA has proven to be the best strategy for easy accumulation and long term investment plan..

[sotelorene]

I agree with you, newbies don't need to know everything about bitcoin first before they can start investing, they just need to know enough to start, this enough will involve the investment strategy they want to use in their investment and to know that they need to invest with their discretionary income, this knowledge is basic and essential if anybody wants to invest in bitcoin so that they don't end up making huge mistakes in their investment before they even start to invest, this way the can learn anything else they feel they need to know while already investing with the basic knowledge they already have about bitcoin investment.

In my opinion, knowledge about Bitcoin is very important before starting to invest if they just don't know thoroughly, in fact, if a mistake occurs in the middle of their investment, it will impact their investment, even though it takes a lot of time to learn, in my opinion it is better than just doing it haphazardly, especially for beginners who don't understand about bitcoin investment which takes time, even up to years, to feel the benefits if they save in the DCA method because the price is getting higher now, but it does depend on how much they start investing and most importantly beginners also need to know that investing in Bitcoin is fluctuating in price so if they start investing and the price drops they are not surprised.

A lot of beginners jump into Bitcoin without really understanding what they are getting into, and that is where most mistakes happen. Taking the time to actually learn before investing is a big deal, it saves you from panic moves when the price drops and helps you build the right mindset for long term holding.
The DCA method truly works, but like you said, it requires patience and consistency. Bitcoin is not some get rich quick thing, it is a long game, and the more you understand it, the better your conviction becomes when the market starts shaking people out..

Well it has been stated here several times by JJG and some folks that it is not necessary to learn or understand everything about Bitcoin before starting investing in it, the reason is very simple, Bitcoin investment is not hard and there is no too much theory like trading where you will read books and learn a lot of things like what a particular candlestick signify etc but rather what you need to start here are just the basic knowledge on how to buy or purchase, how to figure out your discretionary income, using only your discretionary income to invest and few others for starting and waiting to learn or understand everything will make you miss opportunities and Bitcoin investment is so interesting that the  more you invest the more you will began to understand and get more knowledge.

[Qhunman]

When talking about the basic knowledge that newbies should have before they begin accumulating Bitcoin it is always important that they also understand the true nature of bbitcoin which is that it is volatile. This is because without this knowledge newbies may tend to panic when ever there is a price drop and also them taking reckless and unplanned decisions when ever the price later pump.... And yes having knowledge of the volatility nature of Bitcoin keeps going investors grounded and firm in the use of their strategy (preferably DCA), while still not losing sight of the major and bigger picture, which is that profitablity in Bitcoin mostly comes in the long run( 4-10yrs+).

Understanding the true nature of Bitcoin is also part of the basics knowledge newbies should be familiar with before proceeding to invests in Bitcoin. If a newbie is familiar with the true nature of Bitcoin and also understand how Bitcoin works, and still panic whenever the market is going down,it might be that he has invested with money meant for his basic expenses in Bitcoin. This is why in other to avoid panics or panic sells due to market volatility, newbies are advice to invest with money they can afford lose rather than using money meant for their Basic needs. The reason because investing with money meant for their Basic needs in Bitcoin is Gambling and it will also be difficult for them to attend to their bills properly and when they're unable to keep up,they will surely fall back to their Bitcoin portfolio,sell it to attend to those basic needs  pressing on them.