Buy Buy Buy or Sell Sell Sell?

[Muba20]

Agreed, Investing in Bitcoin does not require extensive experience or expertise, a good way to start is by trying to invest small amounts while increasing your knowledge and experience. Using discretionary funds is also a good idea because they do not feel pressured to invest too much, this also has to do with the frequency of investment that is in accordance with the cash flow that is ready to be invested. When someone decides to start investing in small amounts and consistently accumulates the amount periodically, this method can indirectly build good investment habits and better understand how Bitcoin works.

little experience is certainly necessary because even investing small amounts without prior experience in how to invest can be very difficult. Therefore we dare say that it's important to have some understanding of the basics to understand how to invest in Bitcoin. With this knowledge the pressure of investing won't be a barrier to starting.

Apart from this knowledge, decisions regarding increasing investments will increase day by day with the money we earn to continue investing, both in the short term and long term, because we only need concentration when we want to do these two methods, and I personally currently need knowledge about the basic methods of investing so that when we do it we don't get a lot of risk because currently we don't fully understand how Bitcoin works.

I understand this. However, lack of experience should not be a big obstacle to getting started. Basic knowledge is definitely needed. But the truth is, over emphasis on preparation can often lead to indecision and missed opportunities.I sincerely Believe that Bitcoin will create more opportunities in the future.However, in reality starting with a small amount of Bitcoin And learning slowly can be more effective than waiting.If you talk to most long-term Bitcoin holders, you will find that they invested without deep knowledge at the beginning. They learned over time through practical experience, mistakes and market observation. The basic thing to remember for investing is not to pour the necessary money into investments.

There is no need to postpone investment due to lack of experience. Many people are hesitant when it comes to making additional preparations. Also, opportunities can be missed due to not starting to invest. It is not right to enter into investment without absolutely zero knowledge or planning because this can lead to a person getting confused in the market fluctuations. It is not right to delay for experience, nor is it right to enter into investment with absolutely zero hands. Therefore, a balanced plan is needed before investing that will not panic you after investing.

In this case, it is first necessary to have some basic knowledge about Bitcoin and its market situation and to have a stable income that ensures an investor's ability to invest regularly and ensure that his basic needs are met properly and a financial plan is needed where he keeps money for investments, emergency funds or savings separate from his discretionary income. In the first case, even if the entire fund is not ready, there is no problem, but it is better if it is not completely empty. The investment amount should be determined as much as an investor is ready to lose. And in the first case, it is better to start with a small amount. When an investor starts step by step, without thinking of getting rich overnight, he will be able to easily sustain it in the long run and be successful.

[Nightwatchmare]

If the money been used is truly discretionary, then overthinking market conditions just slows you down for no real reason. Bitcoin is not something you are trying to time every single week, especially if the plan is long term. The DCA approach already remove the stress because you are buying when ever you have extra money, not when the market looks good according to noise on social media..

A lot of people delay starting because they feel they must fully understand market cycles very well. Meanwhile, time keeps moving. With basic knowledge of Bitcoin and a clear plan to only use money you can afford to set aside, you are already ahead of most people. The key part is consistency, not the prediction…

The bolded statement is wrong to some extent, DCA method keep us out from from stress by making bitcoin investment easy for us, instead of we thinking of big amount to invest in Bitcoin, it now allow us to invest with as low as 1$ if that's what we can afford at the time being, this is been reviewed Individually from time to time when when our discreationary income increases, get this point mate, discreationary income increases as soon as our source of income doubles up or tripled, let's understand something so that we don't get ourselves confused about Bitcoin investment.
DCA method is known to be the most efficient and flexible way of buying Bitcoin not because we buy with this method whenever we have extra money as you said, but because what we need to invest with this method is our discreationary income which is easy if we can figure it out.

Using discretionary income to invest in Bitcoin with the DCA method does not make the DCA method the most efficient and flexible method in buying Bitcoin because even if you use either the buying the dip method or the lump sum method to accumulate Bitcoin, you still need discretionary income. What makes the DCA method the most efficient and flexible way of investing in Bitcoin is that we can invest in Bitcoin with the DCA method whenever our discretionary income is available, and it make us not to worry about the price of Bitcoin since we will buy Bitcoin at different prices, and it will play a good role in reducing the volatility of Bitcoin in our investment.

[Silikiem]

The skills that are needed to invest in bitcoin are basic.. which is being able to figure out whether or not you have discretionary funds and also common sense so that you do not do dumb shit.  Almost everyone either has the basic necessary skills even though it may well take several years to put the skills together and good at investing into bitcoin and managing cashflows. 

Accordingly, it is good to get started as soon as possible for anyone who can at least determine that he has discretionary funds and he can figure out and hone the various skills and learn whatever else that he needs to learn as he goes.

Regarding risk most normal people with common sense do not invest in order to lose money, so common sense would dictate to start investing with amounts that are deemed reasonable, and to increase the amounts invested as the comfort level increases...

Of course in the very beginning a person might not realize his investment timeline to be 4-10 years or longer, so he might have to learn that he is an investor rather than a trader, and so in bitcoin there are likely a lot of uncertainties to try to invest in less than 4 years , so less than 4 years would be trading rather than investing.

Well said and I agree with you, it’s better  to get started with bitcoin accumulation once we’re able to figure out a discretionary income to invest with rather than trying to know everything about bitcoin before getting started. One experience they say is the best teacher, and from the experience gained in our ongoing bitcoin accumulation and investment we will be able to learn and also unlearn more as time goes on so as to make important decisions regarding our investments. The most important thing here is to be able to know if there’s availability of a discretionary income to use and buy bitcoin.

[ejikeme24]

There is no need to postpone investment due to lack of experience. Many people are hesitant when it comes to making additional preparations. Also, opportunities can be missed due to not starting to invest. It is not right to enter into investment without absolutely zero knowledge or planning because this can lead to a person getting confused in the market fluctuations. It is not right to delay for experience, nor is it right to enter into investment with absolutely zero hands. Therefore, a balanced plan is needed before investing that will not panic you after investing.

If you feel that there's no need of postponing investment due to lack of experience then are you suggesting they should move on with it even when they have zero knowledge of what they are doing? You know human beings make this mistake of diving into something they know nothing about more especially when they see their mate doing it just to feel among but the moment they realize that they are not getting it right of course they have every right to pause their investment untill they gain experience rather than to keep investing, it is better they look for a way to gain experience in the early stage than doing it when they must have gone far because they are likely to Loss everything in the middle if they are still lacking experience.

[Hardyrobust]

The skills that are needed to invest in bitcoin are basic.. which is being able to figure out whether or not you have discretionary funds and also common sense so that you do not do dumb shit.  Almost everyone either has the basic necessary skills even though it may well take several years to put the skills together and good at investing into bitcoin and managing cashflows. 

Accordingly, it is good to get started as soon as possible for anyone who can at least determine that he has discretionary funds and he can figure out and hone the various skills and learn whatever else that he needs to learn as he goes.

Regarding risk most normal people with common sense do not invest in order to lose money, so common sense would dictate to start investing with amounts that are deemed reasonable, and to increase the amounts invested as the comfort level increases...

Of course in the very beginning a person might not realize his investment timeline to be 4-10 years or longer, so he might have to learn that he is an investor rather than a trader, and so in bitcoin there are likely a lot of uncertainties to try to invest in less than 4 years , so less than 4 years would be trading rather than investing.

Well said and I agree with you, it’s better  to get started with bitcoin accumulation once we’re able to figure out a discretionary income to invest with rather than trying to know everything about bitcoin before getting started. One experience they say is the best teacher, and from the experience gained in our ongoing bitcoin accumulation and investment we will be able to learn and also unlearn more as time goes on so as to make important decisions regarding our investments. The most important thing here is to be able to know if there’s availability of a discretionary income to use and buy bitcoin.

yes it is not a prequsite to have a full knowledge of bitcoin before we can start buying. The most important thing is to find out if we have discretionary income to invest with and a basic knowledge of what bitcoin is , is also necessary before anyone can start. It will be a waste of opportunity if anyone decides to postpone buying with the idea of wanting to know all about bitcoin before they can start buying.

[JayJuanGee]

[edited out]

One thing I’ve observe and learned about Bitcoin HODLers is that they don’t just build conviction by reading some articles or series of books or even by listening to some podcast. It is something that’s develops slowly through repetition, constantly and consistently buying when their enthusiasm is just about being completely drained, during disappointments and fear. That consistency and repetition is exactly what trains their discipline more than just being optimistic. In fact, optimism is actually as good as useless and the last thing an investor needs during long dips or during red market, Routine on the other side is often what produces more result.

Power can come from both reinforcement of the conviction of ongoing action (such as weekly buys), yet also ongoing studying of bitcoin that may well be incentivized by the fact that money is at stake.

Even if we take a very short timeline (such as your own forum registration time 18 months or since July 2024) as a starting date for buying bitcoin, if you had started buying $100 per week of bitcoin since July 2024, you would have had invested nearly $8k and accumulated only around 0.09 BTC, and so your average cost per BTC would be right around the same as the current BTC price, and maybe if you were to have something like a $30k per year income, you might have a goal to reach a high enough bitcoin level that you would be able to live off of your bitcoin and to support yourself at your same income level or perhaps you want even a higher income level (higher than the $30k per year, yet accounting for inflation and dollar/fiat debasement, you know that your income aspirations will have to go up to merely account for inflation and/or dollar debasement). 

So essentially, you might consider that you may well reasonably conclude that you may well have to continue to accumulate bitcoin at about the same rate, and $100 per week was already a 17% rate, which is quite high and quite aggressive, yet at the same time, you might decide that from time to time, you might adjust your rate of investment, yet that is going to potentially get in the way of your accumulation of enough bitcoin to achieve your goals, so then your changes in your bitcoin accumulation will more likely relate more to changes in your income and changes in your ability to contribute rather than concerns about changes in BTC prices.. and part of the reason for you to establish such as system of investment may well relate to your growing conviction and learning about bitcoin rather your getting distracted into other likely inferior places to put your time, energy and value... so yeah, conviction likely does not come automatically but instead through research into the matter and considering various dynamics that you might see within your own life and experiences... and some people might take longer to become convinced that bitcoin is the place to put their time, energy and value as compared with other places that they could put it, so in that regard, the people with doubts might either reduce their investment level or maybe they will completely give up upon bitcoin as a place to put their time, energy and value.
 
Surely anyone in a position of being able to earn more than they need to live, which is called discretionary income, have some luck that they are able to make choices with that discretionary income in terms of where they are going to put it.  The three options are 1) consume, 2) save and 3) invest... .. so not everyone has very much discretionary income and so those are worse situations to be in, and surely some people have potential for discretionary income, yet their ways of managing their money causes them to believe that they do not have discretionary income..or at least enough to invest into bitcoin, and surely investments can still be with small amounts, even though it may well take forever to build up any kind of sizeable stake in bitcoin if the amounts invested are considerably small.

I think the point you made about study versus living life is also pretty much under appreciated. There’s a point that people will acquire information, they’ll become fully reliant on the information they gain, they’ll even feel like more knowledge will be able to completely eliminate uncertainty from the picture, which is completely untrue. Even the most educated and informed bitcoiners would still have different opinions and agree differently on risks, timelines and even fundamentals.

Yep. There can be differing assessments of bitcoin itself and also differing assessments of their own financial circumstances, so we could have two people who have very similar finances in terms of their income and their expenses (meaning the amount of their discretionary income), and even if they might have some agreement about bitcoin being a good place to put value, they may differ in their ways of investing into bitcoin and their choice of how aggressive or how whimpy to be in their approach to both bitcoin investing and the management of their cashflows.

But eventually, many people come to point where they finally realize that the main goal of learning and acquiring those knowledge isn’t to eliminate uncertainty but rather to give them comfort even in the midst of the uncertainty. And this is the point where they shift from chasing a perfect narrative and focus more on effective cash flow management, emotional durability and of course position sizing, as these are the most important things to focus on if you’re to stay focused and consistent towards achieving your long term goals.

Back to my earlier example of a guy with an income of $30k per year, so then maybe his take home pay is around $2,500 and then his basic expense might vary between $1,400 and $1,900 per month, so he ultimately has between around $600 and $1,100 that is his discretionary income, and he could steadily invest some of that into bitcoin, yet his other two options are consumption and savings and so he figures that if he tries to commit to $100 per week put into bitcoin, he still has to be careful that he has enough money for his other needs and wants and surely some level of savings (back up funds) is likely necessary to protect his bitcoin, even if he has some confidence that his income source is secure and stable, yet there still could end up being times in which his income could go down and/or his expenses  could go up, so there should be a certain desire to continue to build his bitcoin investment and to protect it from being tapped into at a time that is not completely of his choosing, and if he already came to realize that it is likely going to take him around two cycles or more to just build up a decently sized bitcoin investment, and he might be thinking that he would not even be considering tapping into it until perhaps 12 years or more after his starting date, and surely maybe all of this is a fine timeline for a guy who starts out in bitcoin in his late 20s or early 30s, yet if the guy is in his 50s or older, he might be a bit worried about how much time he is going to be able to invest and he may also have concerns about his continued ability to work, even though we might speculate that a guy in his 50s or older may well could have had made other investments over the years, so he could have some value from other assets (investments) that he might be able to move into bitcoin... Yet, at the same time, we cannot necessarily presume the conditions of others, and surely each of us has to figure out our own conditions to figure out what level (if any?) of aggressiveness would fit for our investment into bitcoin that includes accounting for each and all of our individual factors.

[edited out]

Well said and I agree with you, it’s better  to get started with bitcoin accumulation once we’re able to figure out a discretionary income to invest with rather than trying to know everything about bitcoin before getting started. One experience they say is the best teacher, and from the experience gained in our ongoing bitcoin accumulation and investment we will be able to learn and also unlearn more as time goes on so as to make important decisions regarding our investments. The most important thing here is to be able to know if there’s availability of a discretionary income to use and buy bitcoin.

Surely having discretionary income is the most basic necessity, and surely having some common sense helps out, too, since it seems that anyone who invests any amount of money will have some incentive to continue to learn about their investment, and so even if they set up a system in which they are investing a small amount into bitcoin weekly, then the balance of the amount invested will become larger and larger, and so maybe when a person is brand new to bitcoin, they don't have a lot of time to study bitcoin, and so maybe they would thereby choose to invest a relatively small amount, but then as weeks and weeks and weeks go by and they continue to invest into bitcoin, they might find time to study more about bitcoin and perhaps as they learn more about bitcoin, their conviction (and confidence) could go up with their learning more about it... so there is some value in regards to any investor to figure out how to dedicate some time to learn about their investment into bitcoin, even though they do not need to learn details prior to getting started.

Also none of us can really judge for anyone else, yet it seems to me that learning about bitcoin is not the only thing to learn, since part of investing is learning about ourselves and our cashflow situation... and so it can end up taking quite a bit of time to learn all of our personal factors, yet we do not need to know details of our personal factors to get started beyond just having enough information to know that we have discretionary funds that are avaiable and can be used to make our first bitcoin purchase(s).

There is no need to postpone investment due to lack of experience. Many people are hesitant when it comes to making additional preparations. Also, opportunities can be missed due to not starting to invest. It is not right to enter into investment without absolutely zero knowledge or planning because this can lead to a person getting confused in the market fluctuations. It is not right to delay for experience, nor is it right to enter into investment with absolutely zero hands. Therefore, a balanced plan is needed before investing that will not panic you after investing.

If you feel that there's no need of postponing investment due to lack of experience then are you suggesting they should move on with it even when they have zero knowledge of what they are doing? You know human beings make this mistake of diving into something they know nothing about more especially when they see their mate doing it just to feel among but the moment they realize that they are not getting it right of course they have every right to pause their investment untill they gain experience rather than to keep investing, it is better they look for a way to gain experience in the early stage than doing it when they must have gone far because they are likely to Loss everything in the middle if they are still lacking experience.

If a person has discretionary funds and common sense, then they can get started.

if a person does not know very much about something, then surely their common sense should tell them to start out slow and only increase the amount of their investment as they become more comfortable and as they learn.. so in bitcoin, there is quite a bit of value in regards to getting started rather than creating some artificial standard in regards to what you need to know besides having common sense and some discretionary funds.  What are the additional levels of knowledge that you believe are necessary prior to investing into bitcoin?  What is it that the newbie investor into bitcoin needs exactly, before they can get started?

[Joy- maker]

If you feel that there's no need of postponing investment due to lack of experience then are you suggesting they should move on with it even when they have zero knowledge of what they are doing? You know human beings make this mistake of diving into something they know nothing about more especially when they see their mate doing it just to feel among but the moment they realize that they are not getting it right of course they have every right to pause their investment untill they gain experience rather than to keep investing, it is better they look for a way to gain experience in the early stage than doing it when they must have gone far because they are likely to Loss everything in the middle if they are still lacking experience.

Normally it's not advisable to dive into something you have no knowledge on, but Bitcoin is not that difficult to understand, unless the person is an illiterate, someone who can read and write can learn the basic about bitcoin before a day runs out and start accumulating bitcoin as soon as possible. so saying that someone who has no knowledge about bitcoin should postponed his or her Bitcoin investment journey due to lack of experience doesn't really seat well with, because when it comes to Bitcoin investment the more you delay, the more you keep yourself others, so I believe someone who can read and write can be basic about bitcoin within a day and get started. Postponing your Bitcoin journey due to lack of experience, is not a better option if you are not an illiterate.

[Kaliandra]

Agreed, Investing in Bitcoin does not require extensive experience or expertise, a good way to start is by trying to invest small amounts while increasing your knowledge and experience. Using discretionary funds is also a good idea because they do not feel pressured to invest too much, this also has to do with the frequency of investment that is in accordance with the cash flow that is ready to be invested. When someone decides to start investing in small amounts and consistently accumulates the amount periodically, this method can indirectly build good investment habits and better understand how Bitcoin works.

Starting small is a good idea, in my opinion. Investing in BTC requires waiting until you become an expert in terms of knowledge and so on. I think we'll be left behind by others, for example, if others have already bought BTC while we haven't. So, over time, we'll gradually understand more about BTC and how it feels to have even a small amount. In my experience, investing in BTC is easy because you just buy it on the market using money you can afford to lose and immediately put it in your wallet. What causes people to fail in investing in BTC is usually because they don't realize how risky it is and buy it with money they can't afford to lose. But over time, you'll understand, because sometimes we learn from experience. And yes, if you start investing with a small amount of money, it will certainly make someone less panicked and will certainly gain valuable experience. For example, if you make a mistake, you will certainly not make the same mistake again in the future.

[WhoYouCantKill]

[edited out]

One thing I’ve observe and learned about Bitcoin HODLers is that they don’t just build conviction by reading some articles or series of books or even by listening to some podcast. It is something that’s develops slowly through repetition, constantly and consistently buying when their enthusiasm is just about being completely drained, during disappointments and fear. That consistency and repetition is exactly what trains their discipline more than just being optimistic. In fact, optimism is actually as good as useless and the last thing an investor needs during long dips or during red market, Routine on the other side is often what produces more result.

Power can come from both reinforcement of the conviction of ongoing action (such as weekly buys), yet also ongoing studying of bitcoin that may well be incentivized by the fact that money is at stake.

Even if we take a very short timeline (such as your own forum registration time 18 months or since July 2024) as a starting date for buying bitcoin, if you had started buying $100 per week of bitcoin since July 2024, you would have had invested nearly $8k and accumulated only around 0.09 BTC, and so your average cost per BTC would be right around the same as the current BTC price, and maybe if you were to have something like a $30k per year income, you might have a goal to reach a high enough bitcoin level that you would be able to live off of your bitcoin and to support yourself at your same income level or perhaps you want even a higher income level (higher than the $30k per year, yet accounting for inflation and dollar/fiat debasement, you know that your income aspirations will have to go up to merely account for inflation and/or dollar debasement). 

So essentially, you might consider that you may well reasonably conclude that you may well have to continue to accumulate bitcoin at about the same rate, and $100 per week was already a 17% rate, which is quite high and quite aggressive, yet at the same time, you might decide that from time to time, you might adjust your rate of investment, yet that is going to potentially get in the way of your accumulation of enough bitcoin to achieve your goals, so then your changes in your bitcoin accumulation will more likely relate more to changes in your income and changes in your ability to contribute rather than concerns about changes in BTC prices.. and part of the reason for you to establish such as system of investment may well relate to your growing conviction and learning about bitcoin rather your getting distracted into other likely inferior places to put your time, energy and value... so yeah, conviction likely does not come automatically but instead through research into the matter and considering various dynamics that you might see within your own life and experiences... and some people might take longer to become convinced that bitcoin is the place to put their time, energy and value as compared with other places that they could put it, so in that regard, the people with doubts might either reduce their investment level or maybe they will completely give up upon bitcoin as a place to put their time, energy and value.
 
Surely anyone in a position of being able to earn more than they need to live, which is called discretionary income, have some luck that they are able to make choices with that discretionary income in terms of where they are going to put it.  The three options are 1) consume, 2) save and 3) invest... .. so not everyone has very much discretionary income and so those are worse situations to be in, and surely some people have potential for discretionary income, yet their ways of managing their money causes them to believe that they do not have discretionary income..or at least enough to invest into bitcoin, and surely investments can still be with small amounts, even though it may well take forever to build up any kind of sizeable stake in bitcoin if the amounts invested are considerably small.

I love how you connect consistency (weekly buys) with continuous learning. In my experience and observation with having to stick with Bitcoin for the long term, those who started their investment with full confidence are mostly the ones who tend to last longer in the long run, because no matter what turn the market decides to take, they’ll always keep showing up. At first what mostly brings people to bitcoin is curiosity, but the moment real money gets involved, even if it’s just small amount, then that curiosity automatically turns responsibility. People tend to read more, revisit certain assumptions , question certain narratives, and then gradually there’s a shift in their mindset from if it is actually risky to what would really happen if they happen to stop.

When I started my accumulation, I started with an amount that was far less than $100 a week. Although at first, I didn’t have financial independence or replacing my income as the core goal of my accumulation. But overtime, income grew and increased slightly, but more importantly, my spending awareness improved. There were no dramatic changes, but I discovered that unnecessary assumptions became pretty obvious. What really surprised me in the process wasn’t actually how much Bitcoin I had accumulated overtime, No. it was rather how the discipline and consistency itself managed to reshape my financial behavior. At that point, I didn’t only see Bitcoin as just an asset but more of a measuring stick for opportunity cost.

I also agree with your points about discretionary income. Technically, a lot of folks have it but it’s always been invisible because they had already pre spent it in their minds. The moment that folks learn to reframe their money into the three choices that you aforementioned, which are consume, save and invest, then it becomes more difficult to justify leaking value without an actual intention. That mindset shift becomes very significant, regardless of the investment amount, whether it’s small or not. Small investments has the potential to grow slowly, but clarity compounds.

I also have reasons to believe that your emphasis on adjusting accumulation based on income and capacity rather than price is often underrated by many. Investors are more interested in buying more when the price drops, but the truth remains that their buying power is mostly determined by their earnings and not the charts or the position of the market. Folks tend to be more calmer during volatility when they anchor their strategy to income because their strategy and plan is rooted in something that they have control over.

Lastly, it’s very true that not everyone can reach the same level of conviction but that’s very okay. Price appreciation doesn’t just make all the doubts disappear, what really makes fear disappear and builds true conviction is understanding and lived experience. While others continue to double down because bitcoin agrees and aligns with their values, time horizon and expectations, there are others who step away because it doesn’t align with the patience and priorities.

[Derekfunds]

Agreed, Investing in Bitcoin does not require extensive experience or expertise, a good way to start is by trying to invest small amounts while increasing your knowledge and experience. Using discretionary funds is also a good idea because they do not feel pressured to invest too much, this also has to do with the frequency of investment that is in accordance with the cash flow that is ready to be invested. When someone decides to start investing in small amounts and consistently accumulates the amount periodically, this method can indirectly build good investment habits and better understand how Bitcoin works.

Starting small is a good idea, in my opinion. Investing in BTC requires waiting until you become an expert in terms of knowledge and so on. I think we'll be left behind by others, for example, if others have already bought BTC while we haven't. So, over time, we'll gradually understand more about BTC and how it feels to have even a small amount. In my experience, investing in BTC is easy because you just buy it on the market using money you can afford to lose and immediately put it in your wallet. What causes people to fail in investing in BTC is usually because they don't realize how risky it is and buy it with money they can't afford to lose. But over time, you'll understand, because sometimes we learn from experience. And yes, if you start investing with a small amount of money, it will certainly make someone less panicked and will certainly gain valuable experience. For example, if you make a mistake, you will certainly not make the same mistake again in the future.

In Bitcoin investment how someone started doesn't really matter but what matters is how consistent you are, your plans and goals and the way with which you are going about accumulating and holding that is the most vital things because if you are consistent, what you are using to accumulate would not matter because sooner or later you will see your portfolio to be heavy and huge that is what consistency can do for someone and in Bitcoin investment you don't need to wait till you become an expert before you can start investing, just the basic knowledge about Bitcoin is enough, and then you are good to go unless you want to go into trading which is a Chaos way to go.

[Kelward]

There is no need to postpone investment due to lack of experience. Many people are hesitant when it comes to making additional preparations. Also, opportunities can be missed due to not starting to invest. It is not right to enter into investment without absolutely zero knowledge or planning because this can lead to a person getting confused in the market fluctuations. It is not right to delay for experience, nor is it right to enter into investment with absolutely zero hands. Therefore, a balanced plan is needed before investing that will not panic you after investing.

If you feel that there's no need of postponing investment due to lack of experience then are you suggesting they should move on with it even when they have zero knowledge of what they are doing? You know human beings make this mistake of diving into something they know nothing about more especially when they see their mate doing it just to feel among but the moment they realize that they are not getting it right of course they have every right to pause their investment untill they gain experience rather than to keep investing, it is better they look for a way to gain experience in the early stage than doing it when they must have gone far because they are likely to Loss everything in the middle if they are still lacking experience.

It is lazy people who cannot carry out basic research that will give a cheap excuse of lack of knowledge for not starting a valuable investment like holding Bitcoin, any average smart person can research and decide what they want. It's not as if anyone needs to have rocket science kind of experience before starting to buy and hold Bitcoin as investment. Bitcoin has made a name for itself as a store of value, it's popularity and evidence of making it's long term holders rich is not a secret.

Unlike in Bitcoin early days when it was created when people weren't sure whether it was a scam or genuine, now it ha been confirmed that it is a valuable asset. Any serious person that wants to start investment in Bitcoin basically only need this understanding before starting then they will gradually be gaining more experience, the most important thing to know is that Bitcoin is not a scam, it is a genuine asset..

[arwin100]

If you feel that there's no need of postponing investment due to lack of experience then are you suggesting they should move on with it even when they have zero knowledge of what they are doing? You know human beings make this mistake of diving into something they know nothing about more especially when they see their mate doing it just to feel among but the moment they realize that they are not getting it right of course they have every right to pause their investment untill they gain experience rather than to keep investing, it is better they look for a way to gain experience in the early stage than doing it when they must have gone far because they are likely to Loss everything in the middle if they are still lacking experience.

Normally it's not advisable to dive into something you have no knowledge on, but Bitcoin is not that difficult to understand, unless the person is an illiterate, someone who can read and write can learn the basic about bitcoin before a day runs out and start accumulating bitcoin as soon as possible. so saying that someone who has no knowledge about bitcoin should postponed his or her Bitcoin investment journey due to lack of experience doesn't really seat well with, because when it comes to Bitcoin investment the more you delay, the more you keep yourself others, so I believe someone who can read and write can be basic about bitcoin within a day and get started. Postponing your Bitcoin journey due to lack of experience, is not a better option if you are not an illiterate.

Yes because you are facing some risk that hard to counter especially if you don't know anything about what you are doing. Bitcoin maybe not hard to understand but its mechanics make it more deeper and we can add up its volatility which is somehow confusing for new investors. But if they have straight up goals to do long term for sure everything can be learn thru whole process especially if they are consistent buying Bitcoin whatever the price it reached.

Not everyone can trade Bitcoin since this activity is not for everyone, But I believe to HODL for long term is not really so hard to understand and anyone can do it, especially if they find reliable or good asset to choose for long term investment.

[SuperBitMan]

We don't need to be experienced or savy to invest into bitcoin, and hopefully we get started with small amounts and build up our experiences, and we have enough common sense to not invest too much as we are getting used to buying bitcoin from our discretionary funds, whether we  do it on a weekly basis or if we choose some other frequency (based on our cashflow circumstances).

You’re spot on and you’re very correct with your statement, We don’t need to have any experience before we can invest into bitcoin, Literally when I started investing in bitcoin I didn’t require any experience to start investing in bitcoin, little details and information, like basic knowledge was enough for me to start buying bitcoin, but what matters the most is just trying to stay consistent in buying bitcoin when we have started, and what we could actually sustain the investment then we can consider on weekly basis or monthly basis depending on when we have a discretionary income available.  

Yes you guys are right, if you want to accumulate bitcoin and then hold for long team you really don't need any experience, as a long term bitcoin investor, what do you really need experience for? absolutely nothing, the only people that needs experience is traders because they need to know when to buy and when to sell and having experience will go a long way to succeed as a trader but long term investors has no business with experience. I always tell people the only thing a long term investor who is just coming into the system newly should only know is how to accumulate and how to secure there wallet that's all, long team investors has the most easiest job, you don't need to stress your brain thinking about the market your duty is just to Buy Buy Buy and Buy, just continuing the process for a very Long term.

[Finebone]

Not everyone can trade Bitcoin since this activity is not for everyone,

Yes I agree on this, trading is not an easy craft truly, and not everyone has the patience and skills needed to succeed in it, so it's not for everyone.

But I believe to HODL for long term is not really so hard to understand and anyone can do it,

No, I disagree on this, holding is way more difficult than you think because having the desire alone can't make you to hold successful, you need an emergency and reserve funds in place in other not to be forced to sell when you never wish to due to emergencies.

  if they find reliable or good asset to choose for long term investment.

Your statement here looks like you are recommending investor to invest in other assets instead of Bitcoin, and if that's the case, then it's very wrong because alt and meme coin are full of shit, it's just a matter of wish of them is less shitty, not as reliable and trustworthy as Bitcoin.

[Stormisover]

There is no need to postpone investment due to lack of experience. Many people are hesitant when it comes to making additional preparations. Also, opportunities can be missed due to not starting to invest. It is not right to enter into investment without absolutely zero knowledge or planning because this can lead to a person getting confused in the market fluctuations. It is not right to delay for experience, nor is it right to enter into investment with absolutely zero hands. Therefore, a balanced plan is needed before investing that will not panic you after investing.

If you feel that there's no need of postponing investment due to lack of experience then are you suggesting they should move on with it even when they have zero knowledge of what they are doing? You know human beings make this mistake of diving into something they know nothing about more especially when they see their mate doing it just to feel among but the moment they realize that they are not getting it right of course they have every right to pause their investment untill they gain experience rather than to keep investing, it is better they look for a way to gain experience in the early stage than doing it when they must have gone far because they are likely to Loss everything in the middle if they are still lacking experience.

It is lazy people who cannot carry out basic research that will give a cheap excuse of lack of knowledge for not starting a valuable investment like holding Bitcoin, any average smart person can research and decide what they want. It's not as if anyone needs to have rocket science kind of experience before starting to buy and hold Bitcoin as investment. Bitcoin has made a name for itself as a store of value, it's popularity and evidence of making it's long term holders rich is not a secret.

Unlike in Bitcoin early days when it was created when people weren't sure whether it was a scam or genuine, now it ha been confirmed that it is a valuable asset. Any serious person that wants to start investment in Bitcoin basically only need this understanding before starting then they will gradually be gaining more experience, the most important thing to know is that Bitcoin is not a scam, it is a genuine asset..

To most people it is not that they don't have the intention of making that basic research what kills most people dreams and deprived them of certain opportunities is procrastination, a lot keep delaying what they should have done only to end up regretting, every average smart person can even take Investing in Bitcoin more serious with just a little information get either through some one and even more serious compared to the person that introduced them to Bitcoin or after getting little information about Bitcoin they went ahead to do more research, knowledge they say is power some people are ignorant to this and while they don't improve in their life.

[Eze BTC]

Not everyone can trade Bitcoin since this activity is not for everyone,

Yes I agree on this, trading is not an easy craft truly, and not everyone has the patience and skills needed to succeed in it, so it's not for everyone.

But I believe to HODL for long term is not really so hard to understand and anyone can do it,

No, I disagree on this, holding is way more difficult than you think because having the desire alone can't make you to hold successful, you need an emergency and reserve funds in place in other not to be forced to sell when you never wish to due to emergencies.

  if they find reliable or good asset to choose for long term investment.

Your statement here looks like you are recommending investor to invest in other assets instead of Bitcoin, and if that's the case, then it's very wrong because alt and meme coin are full of shit, it's just a matter of wish of them is less shitty, not as reliable and trustworthy as Bitcoin.

Talking about reliability, Bitcoin holds that record ahead of others. Aside reliability, it also have so much advantages.

One major advantage over others which I so much cherish about bitcoin is the networking. Bitcoin has a large global community of investors. People network more with bitcoin. There's exchange of market ideas, risk management techniques, and investment updates which get disseminated through the bitcoin market network.

[Gaza13]

Agreed, Investing in Bitcoin does not require extensive experience or expertise, a good way to start is by trying to invest small amounts while increasing your knowledge and experience. Using discretionary funds is also a good idea because they do not feel pressured to invest too much, this also has to do with the frequency of investment that is in accordance with the cash flow that is ready to be invested. When someone decides to start investing in small amounts and consistently accumulates the amount periodically, this method can indirectly build good investment habits and better understand how Bitcoin works.

Starting small is a good idea, in my opinion. Investing in BTC requires waiting until you become an expert in terms of knowledge and so on. I think we'll be left behind by others, for example, if others have already bought BTC while we haven't. So, over time, we'll gradually understand more about BTC and how it feels to have even a small amount. In my experience, investing in BTC is easy because you just buy it on the market using money you can afford to lose and immediately put it in your wallet. What causes people to fail in investing in BTC is usually because they don't realize how risky it is and buy it with money they can't afford to lose. But over time, you'll understand, because sometimes we learn from experience. And yes, if you start investing with a small amount of money, it will certainly make someone less panicked and will certainly gain valuable experience. For example, if you make a mistake, you will certainly not make the same mistake again in the future.

Experience will be gained when you actually start with real action. Over time, you'll learn invaluable lessons from every step you take. This can help build a real understanding of market dynamics, which can't be fully learned from theory alone. Often, those who fail in investing aren't equipped with sufficient knowledge. This leads to significant fear of a sharp market decline, leading them to engage in activities they shouldn't. Of course, before beginning this step, you should be well-informed about basic investment knowledge and the risks you'll face, as the crypto market is constantly fluctuating.

[Eze BTC]

Agreed, Investing in Bitcoin does not require extensive experience or expertise, a good way to start is by trying to invest small amounts while increasing your knowledge and experience. Using discretionary funds is also a good idea because they do not feel pressured to invest too much, this also has to do with the frequency of investment that is in accordance with the cash flow that is ready to be invested. When someone decides to start investing in small amounts and consistently accumulates the amount periodically, this method can indirectly build good investment habits and better understand how Bitcoin works.

Starting small is a good idea, in my opinion. Investing in BTC requires waiting until you become an expert in terms of knowledge and so on. I think we'll be left behind by others, for example, if others have already bought BTC while we haven't. So, over time, we'll gradually understand more about BTC and how it feels to have even a small amount. In my experience, investing in BTC is easy because you just buy it on the market using money you can afford to lose and immediately put it in your wallet. What causes people to fail in investing in BTC is usually because they don't realize how risky it is and buy it with money they can't afford to lose. But over time, you'll understand, because sometimes we learn from experience. And yes, if you start investing with a small amount of money, it will certainly make someone less panicked and will certainly gain valuable experience. For example, if you make a mistake, you will certainly not make the same mistake again in the future.

Experience will be gained when you actually start with real action. Over time, you'll learn invaluable lessons from every step you take. This can help build a real understanding of market dynamics, which can't be fully learned from theory alone. Often, those who fail in investing aren't equipped with sufficient knowledge. This leads to significant fear of a sharp market decline, leading them to engage in activities they shouldn't. Of course, before beginning this step, you should be well-informed about basic investment knowledge and the risks you'll face, as the crypto market is constantly fluctuating.

I think I agree with you. No one knows it all. As soon as you've learnt the essentials, start. When you start, you will learn more from the mistakes you make while taking actions. Waiting until you know it all, you might wait for ever.

I think people should understand there's no perfection anywhere, and crypto market is not exempted from that too.

In as much as we can't undermine the power in the knowledge we garner before entering into the market, we should as have in mind that will learn more when we start.

[Rockson1]

Normally it's not advisable to dive into something you have no knowledge on, but Bitcoin is not that difficult to understand, unless the person is an illiterate, someone who can read and write can learn the basic about bitcoin before a day runs out and start accumulating bitcoin as soon as possible. so saying that someone who has no knowledge about bitcoin should postponed his or her Bitcoin investment journey due to lack of experience doesn't really seat well with, because when it comes to Bitcoin investment the more you delay, the more you keep yourself others, so I believe someone who can read and write can be basic about bitcoin within a day and get started. Postponing your Bitcoin journey due to lack of experience, is not a better option if you are not an illiterate.

Any person can invest in Bitcoin, what they need is just basic knowledge which is difficult to gain, the problem most people have in Bitcoin investment is that, they want to learn everything from the first day, Bitcoin investment requires just the basic knowledge to invest and other things can be learned when the person is fully into the investment.
Any person that sound in such tune as you spotted is not a good enthusiasts, such statement sounds like someone that is not supportive of more adoption of Bitcoin or the person was not puting the words the way it should be, what the first thing we need to invest in Bitcoin, disreationary income, basic knowledge, with this two, we do not have any reason to wait unless we are not ready to invest, the word postponement in Bitcoin investment is procrastination, such word is been frowned at here because it acts as backwardness and a dream crusher.

[Mr_Brilliant$]

There is no need to postpone investment due to lack of experience. Many people are hesitant when it comes to making additional preparations. Also, opportunities can be missed due to not starting to invest. It is not right to enter into investment without absolutely zero knowledge or planning because this can lead to a person getting confused in the market fluctuations. It is not right to delay for experience, nor is it right to enter into investment with absolutely zero hands. Therefore, a balanced plan is needed before investing that will not panic you after investing.

If you feel that there's no need of postponing investment due to lack of experience then are you suggesting they should move on with it even when they have zero knowledge of what they are doing? You know human beings make this mistake of diving into something they know nothing about more especially when they see their mate doing it just to feel among but the moment they realize that they are not getting it right of course they have every right to pause their investment untill they gain experience rather than to keep investing, it is better they look for a way to gain experience in the early stage than doing it when they must have gone far because they are likely to Loss everything in the middle if they are still lacking experience.

Jumping into something with zero knowledge just because others are doing it is a common mistake, and that is how people mess up them self...  But still what I am saying is more about balance. Waiting until you feel fully experienced can also keep people stuck forever.  Experience does not only come from studying, it also comes from doing, but on a small and safe level first, before you gradually get a full picture..

If someone truly does not understand what they are doing, it makes sense to slow down or even pause and learn. That is a bit of maturity to me..  But instead of stopping completely, they can still participate with very small amounts while learning, so mistakes become lessons, not disasters…