Buy Buy Buy or Sell Sell Sell?

[virasog]

Many people blame ignorance, but in many cases, it's really shows greed rather than being new. As you mentioned, some seasoned investors who should know more better still fall for obvious traps because they are chasing for quick money. I agree that you shouldn't advise anyone to put money into something you don't personally trust. bitcoin with a simple DCA approach might not look fancy but at least it is a real long term plan.

Investors who still want quick money through investing are investors whose patience is still very thin, so they often pursue quick profits that are not guaranteed to be realized. They already know about DCA, which can be implemented simply as long as they have a net income after spending on daily living expenses, which are generally a burden in their own lives. But when we see these investors still trapped by their own greed, it's best to ignore them, because they are certainly reluctant to listen to advice from others and will suffer the consequences themselves.

There are people who think that Bitcoin is over priced or is too expensive and they are hesitated to invest in Bitcoin.

For them the  way to be on a better price you do the DCA, then the current price doesn't matter as the average price cost keeps on decreasing as coins are accumulated. The only thing it is needed a proper DCA method so as low that after how much percentage the price dips, the person is able to buy more coins or it is a time based DCA as you buy Bitcoin every week or every month.

[alankasman]

Newbies should more research before starting their investment. The problem with the newbies these days is that they fail to read and they are blinded by quick money moves. There is no promise in bitcoin that if you invest you will become rich overnight. Bitcoin investment is not bitcoin trading, I guess many newbies are still having issue comprehending how it works.
And mind you, Newbies dont need much knowledge of Bitcoin. What they need is to know the basics like security and investment goals. Once they know that, it becomes easy for them to start their investment.

Yes, it's certainly better to understand more clearly before starting, because investing doesn't necessarily mean what we hope for will immediately materialize. Many beginners think investing in Bitcoin is easy, and that's easy for those who have experienced the ups and downs of investing.

The difficulty stems from a lack of interest in understanding how to analyze market prices for the purpose of buying Bitcoin. Buying at a low price can yield significant profits when the market is favorable. Understanding this knowledge will certainly eliminate these difficulties from hindering us from investing in Bitcoin.
As you stated earlier, investment security is crucial. Don't just understand how to buy or invest, forgetting the key principle of security to maintain your investment goals.

[Bigjoe33]

Newbies should more research before starting their investment. The problem with the newbies these days is that they fail to read and they are blinded by quick money moves. There is no promise in bitcoin that if you invest you will become rich overnight. Bitcoin investment is not bitcoin trading, I guess many newbies are still having issue comprehending how it works.
And mind you, Newbies dont need much knowledge of Bitcoin. What they need is to know the basics like security and investment goals. Once they know that, it becomes easy for them to start their investment.

Yes, it's certainly better to understand more clearly before starting, because investing doesn't necessarily mean what we hope for will immediately materialize. Many beginners think investing in Bitcoin is easy, and that's easy for those who have experienced the ups and downs of investing.

The difficulty stems from a lack of interest in understanding how to analyze market prices for the purpose of buying Bitcoin. Buying at a low price can yield significant profits when the market is favorable. Understanding this knowledge will certainly eliminate these difficulties from hindering us from investing in Bitcoin.
As you stated earlier, investment security is crucial. Don't just understand how to buy or invest, forgetting the key principle of security to maintain your investment goals.

Floczy, How long will a Newbie do research about bitcoin before getting started? Don't you think that trying to research all time long to know what Bitcoin is all about and the basic knowledge as you mentioned might be a delay and night hinder the potential investor from beggining his investment journey? What a newbie really needs to get started is the basic knowledge of how to figure out his discretionary income, and if this is done, he can start investing immediately, other knowledge will be learnt while investing simultaneously.

Don't you think that analysing market price for the purpose of buying bitcoin will be a very difficult and an understandable task for a newbie who has not even began his investment journey or is about to start investing alankasman? How can even begin to analyse the bitcoin market price properly when you have no experience about the market or investment? The real deal is getting started, once you start your investment after you have been able to figure out your discretionary income, then you learn better and then adjust to what suits you better as you study the market with a first knowledge and experience

[Tmoonz]

Newbies should more research before starting their investment. The problem with the newbies these days is that they fail to read and they are blinded by quick money moves. There is no promise in bitcoin that if you invest you will become rich overnight. Bitcoin investment is not bitcoin trading, I guess many newbies are still having issue comprehending how it works.
And mind you, Newbies dont need much knowledge of Bitcoin. What they need is to know the basics like security and investment goals. Once they know that, it becomes easy for them to start their investment.

Yes, it's certainly better to understand more clearly before starting, because investing doesn't necessarily mean what we hope for will immediately materialize. Many beginners think investing in Bitcoin is easy, and that's easy for those who have experienced the ups and downs of investing.

The difficulty stems from a lack of interest in understanding how to analyze market prices for the purpose of buying Bitcoin. Buying at a low price can yield significant profits when the market is favorable. Understanding this knowledge will certainly eliminate these difficulties from hindering us from investing in Bitcoin.
As you stated earlier, investment security is crucial. Don't just understand how to buy or invest, forgetting the key principle of security to maintain your investment goals.

You don't need to analyze the market before buying Bitcoin, you sounded more like a trader than an investor with your emphasis of analysing the market for the purpose of buying Bitcoin and buying Bitcoin at a low price for a significant profit when the market is favorable, investing in Bitcoin is not that difficult just as you have painted it to be, it is important to figure out if you have a discretionary income to invest at whenever you have it ready to buy Bitcoin without analyzing the market or waiting for a low price before buying, this can be achievable with the use of DCA strategy .

[GIF-JOBS]

Many people blame ignorance, but in many cases, it's really shows greed rather than being new. As you mentioned, some seasoned investors who should know more better still fall for obvious traps because they are chasing for quick money. I agree that you shouldn't advise anyone to put money into something you don't personally trust. bitcoin with a simple DCA approach might not look fancy but at least it is a real long term plan.

Investors who still want quick money through investing are investors whose patience is still very thin, so they often pursue quick profits that are not guaranteed to be realized. They already know about DCA, which can be implemented simply as long as they have a net income after spending on daily living expenses, which are generally a burden in their own lives. But when we see these investors still trapped by their own greed, it's best to ignore them, because they are certainly reluctant to listen to advice from others and will suffer the consequences themselves.

There are people who think that Bitcoin is over priced or is too expensive and they are hesitated to invest in Bitcoin.

For them the  way to be on a better price you do the DCA, then the current price doesn't matter as the average price cost keeps on decreasing as coins are accumulated. The only thing it is needed a proper DCA method so as low that after how much percentage the price dips, the person is able to buy more coins or it is a time based DCA as you buy Bitcoin every week or every month.

Those who are delaying their investment and are hesitant to start because they think the price is too high are definitely missing out on the current opportunity. They may never be able to buy at this price again. In fact, one should never delay investing in Bitcoin, if they don't start, they will only fall behind. If you want to invest in Bitcoin, prepare yourself in such a way that you can continue to deposit consistently despite any fluctuations, without consistency and discipline, it is very difficult to get effective results from it.

[POPOLUV]

Many people blame ignorance, but in many cases, it's really shows greed rather than being new. As you mentioned, some seasoned investors who should know more better still fall for obvious traps because they are chasing for quick money. I agree that you shouldn't advise anyone to put money into something you don't personally trust. bitcoin with a simple DCA approach might not look fancy but at least it is a real long term plan.

Investors who still want quick money through investing are investors whose patience is still very thin, so they often pursue quick profits that are not guaranteed to be realized. They already know about DCA, which can be implemented simply as long as they have a net income after spending on daily living expenses, which are generally a burden in their own lives. But when we see these investors still trapped by their own greed, it's best to ignore them, because they are certainly reluctant to listen to advice from others and will suffer the consequences themselves.

The first impression on how Bitcoin works from the day i was introduced to Bitcoin, is that i should remove and zore my mind from quick way of making money because Bitcoin doesn't guarantee that and i was equally told  that if I'm the type that doesn't have patient to hold in a long term, it means that Bitcoin is not meant for me, so is from there i started disciplining myself on how to be patient with my Bitcoin portfolio, sometime i don't blame those newbies that always had the mindset of making quick money in Bitcoin because those newbies didn't get the right impression on Bitcoin actually works from the beginning.

[Obulis]

I like this thread it has a punchline that trows off any form of shitcoins out of it, they have no place here where the truth is told without minsing words. I have pretty much researched cryptocurrency and I can agree that Bitcoin is different from all the chaff in the crypto market. It has proven it's potential that it is a store of value something that no shitcoins in the market can come close.

Why people get scammed is because they are quick to rush into what they don't understand and they get burnt before they realize the huge mess that they bought with their money. It is simple if you want to buy an asset that has proven that it can be trusted then buy Bitcoin, if you want to gamble with your funds buy shitcoins.

And one most special features of this bitcoin investment is that as long as you have been able to figure out your discretionary income, you can actually start acquiring Bitcoin with the little you have, as low as $10 weekly or monthly depending on your cash flow using the DCA accumulation strategy. It doesn't have a high price tag that you must start with. Secondly, Bitcoin investment does not hold you to a particular amount savings before you start, as in a particular money must be in your possession before you become an investor, No. You can as you keep up with your investment also build your emergency funds and other back up funds along which helps to strengthen your investment.

I think investment can never be made so easy and/or simple as bitcoin investment is with the use of the DCA, as it allows you be in charge of your investment journey and also allows you to invest in peace because you are investigating from your discretionary income. So I see no need for someone to get entangled with shitcoins which has no future. It's better to concentrate on Bitcoin investment which offers more solid financial future if you Hodl for long. Bitcoin is a store value, buy and Hodl

That is the beauty of that magic strategy!
DCA strategy is indeed magnificent. DCA strategy on it's own is saying long-term, long-term, long-term......... Which means keep hodling BTC, keep hodling BTC.......
DCA strategy doesn't give any room for you to think of any shitcoins as your agenda and even hope is fully occupied by Bitcoin.
Unlike some people do think that "Bitcoin accumulating is rich peoples venture" DCA is saying"no you can actually start with little as low as 10 dollars" on a weekly, monthly or certain consistency and I guess 5 dollars is withdrawable in some wallets, that means someone can also make 5 dollars purchase of Bitcoin.

[Crytohillss]

Many people blame ignorance, but in many cases, it's really shows greed rather than being new. As you mentioned, some seasoned investors who should know more better still fall for obvious traps because they are chasing for quick money. I agree that you shouldn't advise anyone to put money into something you don't personally trust. bitcoin with a simple DCA approach might not look fancy but at least it is a real long term plan.

Investors who still want quick money through investing are investors whose patience is still very thin, so they often pursue quick profits that are not guaranteed to be realized. They already know about DCA, which can be implemented simply as long as they have a net income after spending on daily living expenses, which are generally a burden in their own lives. But when we see these investors still trapped by their own greed, it's best to ignore them, because they are certainly reluctant to listen to advice from others and will suffer the consequences themselves.

The first impression on how Bitcoin works from the day i was introduced to Bitcoin, is that i should remove and zore my mind from quick way of making money because Bitcoin doesn't guarantee that and i was equally told  that if I'm the type that doesn't have patient to hold in a long term, it means that Bitcoin is not meant for me, so is from there i started disciplining myself on how to be patient with my Bitcoin portfolio, sometime i don't blame those newbies that always had the mindset of making quick money in Bitcoin because those newbies didn't get the right impression on Bitcoin actually works from the beginning.

You are 95% right, in many cases, it's not ignorance but  people allowing greed to take control. Investing only in things you truly understand  is wise advice; not everyone should suggest something they don't know. DCA is one of comprehensive strategies that can truly last over time.

[Just Say]

Many people blame ignorance, but in many cases, it's really shows greed rather than being new. As you mentioned, some seasoned investors who should know more better still fall for obvious traps because they are chasing for quick money. I agree that you shouldn't advise anyone to put money into something you don't personally trust. bitcoin with a simple DCA approach might not look fancy but at least it is a real long term plan.

Investors who still want quick money through investing are investors whose patience is still very thin, so they often pursue quick profits that are not guaranteed to be realized. They already know about DCA, which can be implemented simply as long as they have a net income after spending on daily living expenses, which are generally a burden in their own lives. But when we see these investors still trapped by their own greed, it's best to ignore them, because they are certainly reluctant to listen to advice from others and will suffer the consequences themselves.

There are people who think that Bitcoin is over priced or is too expensive and they are hesitated to invest in Bitcoin.

For them the  way to be on a better price you do the DCA, then the current price doesn't matter as the average price cost keeps on decreasing as coins are accumulated. The only thing it is needed a proper DCA method so as low that after how much percentage the price dips, the person is able to buy more coins or it is a time based DCA as you buy Bitcoin every week or every month.

Those who are delaying their investment and are hesitant to start because they think the price is too high are definitely missing out on the current opportunity. They may never be able to buy at this price again. In fact, one should never delay investing in Bitcoin, if they don't start, they will only fall behind. If you want to invest in Bitcoin, prepare yourself in such a way that you can continue to deposit consistently despite any fluctuations, without consistency and discipline, it is very difficult to get effective results from it.

Those who are delaying their investment and think the price is too high, this petty and irresponsible excuse is putting them in a lot of trouble, the price of digital gold increases overtime, so I have a clear idea that the more delay, the more loss. They may never be able to buy at this price because the market is never favorable for everyone, so it is very unwise for any investor to wait for the price of this electronic currency. There are many processes to easily understand/learn about this comprehensive investment strategy, despite the high price fluctuations and technical complexity, investing in this electronic currency is the easiest thing to do because you can continue to deposit consistently despite any fluctuations and start disciplining yourself to be patient with your Bitcoin portfolio. In fact, it is worth knowing that the smallest unit of BTC is always in the market.

[Zackz5000]

Newbies should more research before starting their investment. The problem with the newbies these days is that they fail to read and they are blinded by quick money moves. There is no promise in bitcoin that if you invest you will become rich overnight. Bitcoin investment is not bitcoin trading, I guess many newbies are still having issue comprehending how it works.
And mind you, Newbies dont need much knowledge of Bitcoin. What they need is to know the basics like security and investment goals. Once they know that, it becomes easy for them to start their investment.

Yes, it's certainly better to understand more clearly before starting, because investing doesn't necessarily mean what we hope for will immediately materialize. Many beginners think investing in Bitcoin is easy, and that's easy for those who have experienced the ups and downs of investing.

The difficulty stems from a lack of interest in understanding how to analyze market prices for the purpose of buying Bitcoin. Buying at a low price can yield significant profits when the market is favorable. Understanding this knowledge will certainly eliminate these difficulties from hindering us from investing in Bitcoin.
As you stated earlier, investment security is crucial. Don't just understand how to buy or invest, forgetting the key principle of security to maintain your investment goals.

Investing in Bitcoin is not as difficult as you see it for you only need some basic information and a discretionary income to get kick off with your Bitcoin investment, you don't also need much analysis about the market before getting started. Buying with the price is low should be a more good buying opportunity but not when you are waiting for the price to drop or go low, the DCA strategy has covered all waiting for the price of Bitcoin to get low before accumulating Bitcoin because with this strategy you will be accumulating Bitcoin irrespective of the price of Bitcoin low or high.

[Derekfunds]

Many people blame ignorance, but in many cases, it's really shows greed rather than being new. As you mentioned, some seasoned investors who should know more better still fall for obvious traps because they are chasing for quick money. I agree that you shouldn't advise anyone to put money into something you don't personally trust. bitcoin with a simple DCA approach might not look fancy but at least it is a real long term plan.

Investors who still want quick money through investing are investors whose patience is still very thin, so they often pursue quick profits that are not guaranteed to be realized. They already know about DCA, which can be implemented simply as long as they have a net income after spending on daily living expenses, which are generally a burden in their own lives. But when we see these investors still trapped by their own greed, it's best to ignore them, because they are certainly reluctant to listen to advice from others and will suffer the consequences themselves.

The first impression on how Bitcoin works from the day i was introduced to Bitcoin, is that i should remove and zore my mind from quick way of making money because Bitcoin doesn't guarantee that and i was equally told  that if I'm the type that doesn't have patient to hold in a long term, it means that Bitcoin is not meant for me, so is from there i started disciplining myself on how to be patient with my Bitcoin portfolio, sometime i don't blame those newbies that always had the mindset of making quick money in Bitcoin because those newbies didn't get the right impression on Bitcoin actually works from the beginning.

You are 95% right, in many cases, it's not ignorance but  people allowing greed to take control. Investing only in things you truly understand  is wise advice; not everyone should suggest something they don't know. DCA is one of comprehensive strategies that can truly last over time.

Hey buddy, you seems to be getting something wrong here because the DCA method is not only the comprehensive strategy that can truly last over time but rather other strategies can also last depending on how you go about them and let me shock you,  the so called DCA method can still not favor someone who is not serious in this Bitcoin accumulation journey even though they have everything it takes so it is all about how you treat, handle and go about it, the DCA may look simple and easy but if you don't apply it properly you will miss out and make it look like the worst strategy ever.

[red4slash]

You are 95% right, in many cases, it's not ignorance but  people allowing greed to take control. Investing only in things you truly understand  is wise advice; not everyone should suggest something they don't know. DCA is one of comprehensive strategies that can truly last over time.

Advice from others about investing is only a reference, and we must certainly conduct our own analysis when we want to get involved in it because we cannot just be FOMO when we want to invest, especially in risky Bitcoin, so learning and gaining a deeper understanding of Bitcoin as an object we want to invest in is a very important step that must be realized from the start.
However, some of us are too fixated on instant profits, especially those who are FOMO and beginners who consider research and learning to be unimportant because they think they are doing something good, even though they are unaware of the risks they will face.

Can DCA last long? It is possible, but this depends on the investor themselves because consistency is important in this case. When we are in DCA, it does not mean that we can last long if we do not have consistency because it all comes back to our own readiness because even though we have a good purchasing strategy (such as DCA), in the end, it can end badly if we cannot maximize our consistency properly.

[Grace333]

Many people blame ignorance, but in many cases, it's really shows greed rather than being new. As you mentioned, some seasoned investors who should know more better still fall for obvious traps because they are chasing for quick money. I agree that you shouldn't advise anyone to put money into something you don't personally trust. bitcoin with a simple DCA approach might not look fancy but at least it is a real long term plan.

Investors who still want quick money through investing are investors whose patience is still very thin, so they often pursue quick profits that are not guaranteed to be realized. They already know about DCA, which can be implemented simply as long as they have a net income after spending on daily living expenses, which are generally a burden in their own lives. But when we see these investors still trapped by their own greed, it's best to ignore them, because they are certainly reluctant to listen to advice from others and will suffer the consequences themselves.

The first impression on how Bitcoin works from the day i was introduced to Bitcoin, is that i should remove and zore my mind from quick way of making money because Bitcoin doesn't guarantee that and i was equally told  that if I'm the type that doesn't have patient to hold in a long term, it means that Bitcoin is not meant for me, so is from there i started disciplining myself on how to be patient with my Bitcoin portfolio, sometime i don't blame those newbies that always had the mindset of making quick money in Bitcoin because those newbies didn't get the right impression on Bitcoin actually works from the beginning.

That is it, the first thing anyone should learn about Bitcoin is patience. Most newbies never did not get that proper foundation, so they enter with the quick money mindset and later start blaming the market.

But once you understand that Bitcoin is not a shortcut to overnight wealth, everything changes. Discipline and long term belief are what separate people who succeed in this space from those who keep chasing pumps everywhere.

Meanwhile the real profit comes from holding with understanding, not rushing.

[wmaurik]

You are 95% right, in many cases, it's not ignorance but  people allowing greed to take control. Investing only in things you truly understand  is wise advice; not everyone should suggest something they don't know. DCA is one of comprehensive strategies that can truly last over time.

Simply put, investors who are familiar with Bitcoin and have invested in it will never ignore any means possible to stay on track with their long-term investments. This means that investors who have realized the value of staying invested in Bitcoin will continue to employ the best methods, including DCA, to smooth their investments. They will ignore things they don't need to worry about, especially things that could interfere with their investments. Greedy people are people we don't need to look at or care about because they have their own minds to think for themselves. So we need only focus on our own plans for maintaining our Bitcoin investments and sticking to them for the long term.

[JayJuanGee]

Keep buying bitcoin seems like a good idea... but yeah, I am not sure what to do about distracted folks.  Hopefully, they know how to channel their energies, so that they do not lose their ideas about what is the prize.. 

It doesn't seems like a good idea but, the best idea because Bitcoin is literally the best crypto currency in the crypto market. It has always been the talk of the town ever since I first got into these crypto space, so I would rather stick to that asset that everyone is craving for than to throw my money into unknown coin that people barely talk about, because I barely see people talked about shitcoin if not Bitcoin and that is because it has showed a good sign which no coin in the market has ever show a good sign nor prove to people that they are valuable unless they get hyped and after hype must have taken place they will still return back to their entry price or they dip even more and that is final. I wouldn't want to waste a cent in those shitcoin which is why I have considered Bitcoin as my best choice of investment.

Point of correction dude Bitcoin is not a cryptocurrency and saying it is one will jeopardize what you are saying even though you are right on what you are saying. Some newbie are easily carried away with what they hears so don't classify Bitcoin as a cryptocurrency before you mislead newbie. Bitcoin is a digital asset and the reason I'm investing in it, it not necessarily because people are talking about it everywhere rather I'm Investing in it because I have seen it potential and I believe in it and some day I will be among those that will laugh last and celebrate for getting to my target.

This is one thing a lot of people get wrong just because we are fans of bitcoin and see it as the only Valid coin doesn’t make it different from cryptocurrency. Bitcoin is the first cryptocurrency.

You have a good point. Such narrations are peculiar to bigots, it takes a neutral mind to speak the truth in this regard. Bitcoin is the pioneer and the best, a rmodel that created the somewhat roadmap idea that all other cryptocurrencies are following. So, the respect is always there. Should we now say it's not a cryptocurrency? That will be outright wrong since it works based on cryptography system and is also a digital currency.

But I like to inform you that Bitcoin is not the first cryptocurrency as you called it, "so to say," it's only the first successful cryptocurrency. This could be of help: https://bitcointalk.org/index.php?topic=5126554.0

Even if you might not be technically wrong, yet at the same time in an overall sense you are wrong EarnOnVictor, since when ever you try to give leeway to various shitcoins, you are leaving an opening for them to scam people through their affinity to bitcoin, so they tend to end up scamming people by trying to seem as if they are similar to bitcoin.... and play on the innocence of people to accept them as if they were similar to bitcoin.. which sucks innocent (even smart people) into being scammed.

It is best to come at shitcoins from a point of denigration.

It is also better to learn about bitcoin first so that various shitcoins can be understoood in a context of how they compare with bitcoin.. and what problem that they might be trying to solve that bitcoin cannot solve. .and why is a shitcoin (a token .. many want to print their own token) needed to accomplish that rather than somehow linking it to bitcoin or layering it upon bitcoin.

Sure some shitcoins are attempting to solve real world problems or at least appear to be, and there could be some feasibility to what they might be proposing to fix, yet an overwhelming majority of the time there are sufficiently large gaps in their feasibility and they are not justified to invest into, except for their pumpamentals in terms of other dumber people being likely to buy into the story so that the coin will pump and possibly there would be an ability to get out of it before the rug is pulled or the coin otherwise crashes into oblivion.

There should be nothing wrong with viewing every single shitcoin with a large grain of skepticism.. rather than wanting to give them any benefit of the doubt... They do not deserve any benefit of the doubt..  Each shitcoin should be approached with extreme skepticism rather than any benefit of the doubt.

Another bullshit talking point is your attempt to suggest that bitcoin just happens to be the first.. as if some shitcoin were going to come along and topple it.  Almost all shitcoins want their gullible members to buy that nonsense... and it frequently works...

Instead bitcoin should be considered the king of the hill and for any shitcoin or any project to topple the king, they are going to need to be at least 10x better.. not merely 2x or 50% or some other insufficient numbers... So when we are looking at various shitcoins, we might be able to concede that a variety of shitcoins might have various features that are better than bitcoin, yet we still likely need to ask ourselves whether all the supposed shitcoin features add up to it being 10x or more better than bitcoin... even if all of the theories were to pan out about the various supposed features and functionality that such shitcoins have.  Almost no shitcoins are going to pass such test.

Similarly when we look at bitcoin taking over the dollar and also taking over gold.. we likely can see that bitcoin is more than 10x better than the dollar and also more than 10x better than gold... so we can see bitcoin prevailing over those, even though it surely could take 50 to 200 years to play out, and where will the various shitcoins be in 50-200 years?

You act to your own peril if you are giving shitcoins benefits of the doubt that they do not deserve.

You also act to your own peril if you are failing/refusing to denigrate shitcoins and/or to look at them with skepticism when they are trying to suggest that they are similar to bitcoin or even better than bitcoin.

[edited out]

If we are guaranteed to be become successful in our BTC investment why are we then advise to invest with the money we can afford to loss which is to be our discretionary income. I will also prove wrong by saying that a poor bitcoin investor can't buy bitcoin using the lump sum strategy, even if a poor investor won't make the lump sum strategy as his regular method of buying bitcoin he can still use it probably if he won lottery or maybe an unexpected huge amount enter his account he can decide to lump sum with it, so any body can use the lump sum strategy both the rich and the poor.

By investing into bitcoin with a level of prudence we increase our odds of having success, yet it is never guaranteed since there are always executional risks even if we try to follow the better of practices in regards to how much we invest into bitcoin and other ways that we might manage our cashflows (including keeping back up funds).

Of course, we may well also realize that DCA remains amongst the best, if not the best of strategies for all folks to figure out amounts to invest into bitcoin and to tailor those amounts to their cashflow situation.. and like you mentioned guys of all income levels could end up coming upon extra funds in which he may well consider the extent to which those extra funds might be invested right away or maybe deferred based on DCA or deferred based on buying dips.  Guys have to figure out how to treat their extra funds when they come in, and surely their whole cashflow situation and even the quantity of the bitcoin that they had already accumulated might affect how a person might consider to treat any extra amount of money that ended up coming in.  Does it go into bitcoin or not, and if so under which of the three possible methods.

Many people blame ignorance, but in many cases, it's really shows greed rather than being new. As you mentioned, some seasoned investors who should know more better still fall for obvious traps because they are chasing for quick money. I agree that you shouldn't advise anyone to put money into something you don't personally trust. bitcoin with a simple DCA approach might not look fancy but at least it is a real long term plan.

Investors who still want quick money through investing are investors whose patience is still very thin, so they often pursue quick profits that are not guaranteed to be realized. They already know about DCA, which can be implemented simply as long as they have a net income after spending on daily living expenses, which are generally a burden in their own lives. But when we see these investors still trapped by their own greed, it's best to ignore them, because they are certainly reluctant to listen to advice from others and will suffer the consequences themselves.

There are people who think that Bitcoin is over priced or is too expensive and they are hesitated to invest in Bitcoin.

For them the  way to be on a better price you do the DCA, then the current price doesn't matter as the average price cost keeps on decreasing as coins are accumulated. The only thing it is needed a proper DCA method so as low that after how much percentage the price dips, the person is able to buy more coins or it is a time based DCA as you buy Bitcoin every week or every month.

Those people also need to spend some time learning about bitcoin, since they are getting distracted by unit bias, and they are also likely considering bitcoin prices to be high because they do not understand what problem bitcoin is solving... including but not limited to the debasement of fiat, but also aspects of individual financial sovereignty for folks who learn how to self-custody their coins.  The reason for bitcoin (and even the resolution of digital scarcity) might not be obvious on its face, and it might not even be understood that bitcoin remains very small as a market cap, even though it appears to have a high unit price.

DCA might not completely resolve the issue, even though there can be some introduction and better understand the smaller units of satoshis, which could also help even though the debasement and the overall addressable market are broader questions that might help to better understand bitcoin's price and why it is currently low, even though it seems high.

[Mame89]

Yes, it's certainly better to understand more clearly before starting, because investing doesn't necessarily mean what we hope for will immediately materialize. Many beginners think investing in Bitcoin is easy, and that's easy for those who have experienced the ups and downs of investing.

The difficulty stems from a lack of interest in understanding how to analyze market prices for the purpose of buying Bitcoin. Buying at a low price can yield significant profits when the market is favorable. Understanding this knowledge will certainly eliminate these difficulties from hindering us from investing in Bitcoin.
As you stated earlier, investment security is crucial. Don't just understand how to buy or invest, forgetting the key principle of security to maintain your investment goals.

Investing in Bitcoin is not as difficult as you see it for you only need some basic information and a discretionary income to get kick off with your Bitcoin investment, you don't also need much analysis about the market before getting started. Buying with the price is low should be a more good buying opportunity but not when you are waiting for the price to drop or go low, the DCA strategy has covered all waiting for the price of Bitcoin to get low before accumulating Bitcoin because with this strategy you will be accumulating Bitcoin irrespective of the price of Bitcoin low or high.

What you say is true. Investing in Bitcoin isn't difficult; it only requires basic knowledge, such as how to buy and store it securely in a strong wallet. However, it would be even better if you also studied Bitcoin in depth, as it's crucial to have strong confidence and trust in it so that fluctuations don't lead you to make the wrong decisions. Therefore I think this is also a crucial part of remaining consistent and holding Bitcoin for the long term, as confidence in Bitcoin is a crucial factor.

Furthermore I remind you not to be afraid of missing out on Bitcoin or feeling too late, as Bitcoin will continue to exist. In fact considering the Bitcoin halving cycle which will last until 2140 Bitcoin still has a long way to go, especially as it continues to grow and gain adoption. Beliefs like these will help you continue buying and holding Bitcoin for the long term. Having only basic knowledge without confidence in Bitcoin will make you unstable in making decisions, especially during corrections.

[Tmoonz]

Yes, it's certainly better to understand more clearly before starting, because investing doesn't necessarily mean what we hope for will immediately materialize. Many beginners think investing in Bitcoin is easy, and that's easy for those who have experienced the ups and downs of investing.

The difficulty stems from a lack of interest in understanding how to analyze market prices for the purpose of buying Bitcoin. Buying at a low price can yield significant profits when the market is favorable. Understanding this knowledge will certainly eliminate these difficulties from hindering us from investing in Bitcoin.
As you stated earlier, investment security is crucial. Don't just understand how to buy or invest, forgetting the key principle of security to maintain your investment goals.

Investing in Bitcoin is not as difficult as you see it for you only need some basic information and a discretionary income to get kick off with your Bitcoin investment, you don't also need much analysis about the market before getting started. Buying with the price is low should be a more good buying opportunity but not when you are waiting for the price to drop or go low, the DCA strategy has covered all waiting for the price of Bitcoin to get low before accumulating Bitcoin because with this strategy you will be accumulating Bitcoin irrespective of the price of Bitcoin low or high.

What you say is true. Investing in Bitcoin isn't difficult; it only requires basic knowledge, such as how to buy and store it securely in a strong wallet. However, it would be even better if you also studied Bitcoin in depth, as it's crucial to have strong confidence and trust in it so that fluctuations don't lead you to make the wrong decisions. Therefore I think this is also a crucial part of remaining consistent and holding Bitcoin for the long term, as confidence in Bitcoin is a crucial factor.

Furthermore I remind you not to be afraid of missing out on Bitcoin or feeling too late, as Bitcoin will continue to exist. In fact considering the Bitcoin halving cycle which will last until 2140 Bitcoin still has a long way to go, especially as it continues to grow and gain adoption. Beliefs like these will help you continue buying and holding Bitcoin for the long term. Having only basic knowledge without confidence in Bitcoin will make you unstable in making decisions, especially during corrections.

Your statements are some worth contradictory, you are talking about having basic knowledge which of course is crucial and reasonable as a criteria for anyone to getting started and learn any other things along the way and you at same time making mention of studying Bitcoin in depth when we know that Bitcoin is vast in such a way that no one can actually know it all or the depth of it, what matters most is the basic knowledge to getting started confidence, trust can increase as times goes one while from the beginning you are advised to invest according to your level of confidence which is reasonably practicable, alot can be learned from the experience of practicing without waiting to know it all or having an in depth knowledge.

[Bigjoe33]

. Investing in Bitcoin isn't difficult; it only requires basic knowledge, such as how to buy and store it securely in a strong wallet. However, it would be even better if you also studied Bitcoin in depth, as it's crucial to have strong confidence and trust in it so that fluctuations don't lead you to make the wrong decisions.
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You can't possibly gather all the basic knowledge needed in Bitcoin in a day or in a short time, since you have no experience at all, perhaps, people don't learn everything all at once. So the issue of getting to learn the basic before you get started as you stated is not right and will delay your investment and keep you away from starting your investment. All you need to get started is your discretionary income, once you are able to figure out your discretionary income, you can begin your investment and other knowledge can be gotten alongside as you invest.

You also mentioned that it is better you also study Bitcoin in depth which gives you confidence. But let me say that you can't learn everything at all, also put in mind that bitcoin is volatile, thus is always fluctauting, so you can't really predict the price or its next movement per say, so what exactly would you be studying or which depth will you reach? Save yourself all this stress of trying to learn and study everything and get started immediately if you are ready and have your discretionary income available. You would learn better And know how to adjust your investment better when you have started your investment.

[EarnOnVictor]

Even if you might not be technically wrong, yet at the same time in an overall sense you are wrong EarnOnVictor, since when ever you try to give leeway to various shitcoins, you are leaving an opening for them to scam people through their affinity to bitcoin, so they tend to end up scamming people by trying to seem as if they are similar to bitcoin.... and play on the innocence of people to accept them as if they were similar to bitcoin.. which sucks innocent (even smart people) into being scammed.

Lol...you surprised me, you know. Do you mean I shouldn't say the truth just because people are being scammed in the name of cryptocurrency? Scamming is even a different context entirely from whether Bitcoin is a cryptocurrency (or not) that we are trying to establish here.

Besides, I don't know what happened to "look before you leap" and DYOR. Anyone venturing into cryptocurrency without knowing it will face the music, which is a different ballgame from Bitcoin being a cryptocurrency or not. By virtue, bro, I see no confusion here if I maintain that Bitcoin is a cryptocurrency, with reasons.

[Shineup]

Even if you might not be technically wrong, yet at the same time in an overall sense you are wrong EarnOnVictor, since when ever you try to give leeway to various shitcoins, you are leaving an opening for them to scam people through their affinity to bitcoin, so they tend to end up scamming people by trying to seem as if they are similar to bitcoin.... and play on the innocence of people to accept them as if they were similar to bitcoin.. which sucks innocent (even smart people) into being scammed.

Lol...you surprised me, you know. Do you mean I shouldn't say the truth just because people are being scammed in the name of cryptocurrency? Scamming is even a different context entirely from whether Bitcoin is a cryptocurrency (or not) that we are trying to establish here.

Besides, I don't know what happened to "look before you leap" and DYOR. Anyone venturing into cryptocurrency without knowing it will face the music, which is a different ballgame from Bitcoin being a cryptocurrency or not. By virtue, bro, I see no confusion here if I maintain that Bitcoin is a cryptocurrency, with reasons.

No doubt about Bitcoin being cryptocurrency of course technically,  the challenges i see in most context is that people don't precisely differentiate Bitcoin with other coins when making references and that can be confusing, this because in my observations whenever cryptocurrency is made mention what comes to peoples mind is scam because of the numerous scam projects even when the context is Bitcoin and while it is important to specifically stand Bitcoin out of the other numerous cryptocurrencies because Bitcoin is nothing of scam by virtue of development.