Buy Buy Buy or Sell Sell Sell?

[Joeboy]

A beginner can also decide for himself whether he has enough money to get started, and if he is investing money that he can afford to lose, then there should be no reason for him to panic.  Maybe the guy already knows that if he has $100 available every week and if he ONLY invests $30 per week until he becomes more comfortable, then he his not going to panic because he is not investing amounts that he consider to be high enough to cause him to become emotional about how much he is putting in or overly attached if the amount goes up, down or sideways in value during the time that he is continuing to put money in and perhaps during the time that he is deciding to further look into both the bitcoin matter and the cashflow management matter.

Investment and how it is been done, is simply a matter of personal choice... No two individuals are in the same financial position... And what may be considered an overly aggressive investment for one may just a wimpy approach for another... And that's the more reason why folks have to take a personal assessment of their finances and their investment capacity, and from their use their instincts(common sense) to be able to figure out the amount that they know for sure they could invest comfortably without it affecting their daily life and essentially expenses..

[Rubuchi]

This sounds very funny to my ear  because how will you say that basic knowledge is not mandatory to start Bitcoin investment? Because how will you start something you don't even have the foundation on? Just imagine someone that wants to start building a house without laying foundation first, how do you think the building will stand? Basic knowledge is among the first thing an investor or someone who is willing to invest should have before starting in other words it is necessary and mandatory.

I don't think it is correct to say that one does not need a basic knowledge about bitcoin investment before venturing in it, it is a wrong statement there because for God's sake, how do you intend to understand what you are doing, how they are doing and the essence of doing it before going into d main investment. However with all being said, if you can simply the proceed it will be great to have a practical demonstration of it so the very newbies can benefit immensely and start taking bold decisions like such.

[TaviraCoinX]

Yes, I have come to realize that long-term investment in Bitcoin requires discretionary income. When I first started investing in Bitcoin, I didn't have any emergency funds and sometimes I would add some money from my emergency fund to invest in Bitcoin, but eventually I couldn't sustain my portfolio, meaning I had to sell it.

Since then, I thought that to make my investment long-term, I should use the money that I would have used even if I didn't have the money. Since then, I basically started using discretionary income and have been investing in Bitcoin in DCA mode for the past two years. Honestly, now I don't have to look at my Bitcoin portfolio for any need.

You have highlighted the reality, it is also important to pay attention to the dangers of investing that do not cause your investment to stop midway because the main reason for your profit in the long term is to complete it in the investment, strengthen your income stream through your hard work and invest the remaining money from it and keep some part aside for emergency fund, these will help you move forward without any hindrance.

We must think realistically, Bitcoin investment will not bring us success for sure, so here we must not only think about success but also think about the risk. We must invest considering the risk and considering our ability, and to ensure the long-term stability of the investment, we must be aware of the issue of financial security, and we must also create an emergency fund for this. In order to survive in the field of investment, we have to be aware of many things, it is not very easy, we must be careful about a strong source of income, sufficient emergency fund and regular investment.

We need to be very careful about investing in Bitcoin and taking it forward in the long term, but we should refrain from making investment decisions based solely on profits. You should invest your money based on your financial situation and risk-taking ability because the price of Bitcoin is volatile, you can start with the remaining money that will not be useful to you in the future, it is important to have enough savings to deal with those unexpected situations, so you should build up an emergency fund, even if it is a small amount.

[Tetu100]

I don't think it is correct to say that one does not need a basic knowledge about bitcoin investment before venturing in it, it is a wrong statement there because for God's sake, how do you intend to understand what you are doing, how they are doing and the essence of doing it before going into d main investment. However with all being said, if you can simply the proceed it will be great to have a practical demonstration of it so the very newbies can benefit immensely and start taking bold decisions like such.

I think what isn't necessary needed before getting started is deep knowledge about Bitcoin investment but talking about basic knowledge, it is very essential because is like differentiating your right from your left and that is the key basic in the game. And again, another  important thing you must also consider before getting  started is to be able to figure out your discretionary funds then you are already there. Because their is no way things can work out without figuring this out even if you understand everything about bitcoin investment.

[Barikui1]

I don't think it is correct to say that one does not need a basic knowledge about bitcoin investment before venturing in it, it is a wrong statement there because for God's sake, how do you intend to understand what you are doing, how they are doing and the essence of doing it before going into d main investment.

I will be curious to get to know what you understand by basic knowledge, because I believe that to get started, you just need to have a common sense and a discretionary income to start with, then after that, you can seek further knowledge on it, on how to go about your investment that can enable you to be successful, like putting down your emergency and reserve funds in place just in case of real life emergencies spring up in the future that may have compel you to temper with your bitcoin investment.

[ZeroVinsonN]

This sounds very funny to my ear  because how will you say that basic knowledge is not mandatory to start Bitcoin investment? Because how will you start something you don't even have the foundation on? Just imagine someone that wants to start building a house without laying foundation first, how do you think the building will stand? Basic knowledge is among the first thing an investor or someone who is willing to invest should have before starting in other words it is necessary and mandatory.

I don't think it is correct to say that one does not need a basic knowledge about bitcoin investment before venturing in it, it is a wrong statement there because for God's sake, how do you intend to understand what you are doing, how they are doing and the essence of doing it before going into d main investment. However with all being said, if you can simply the proceed it will be great to have a practical demonstration of it so the very newbies can benefit immensely and start taking bold decisions like such.

Basic knowledge is needed but the thing here is that most people don't fully know what can be considered as basic knowledge and that's why someone people will claim they are just trying to get basic knowledge on what they need to know and then end up going extensively on things to know and don't start investing because to them they are yet to get that basic knowledge so they can't invest yet but basically once a person knows to invest with their discretionary income they can start accumulating bitcoin and get any other knowledge along the way.

[cyberninja2]

Basic knowledge is needed but the thing here is that most people don't fully know what can be considered as basic knowledge and that's why someone people will claim they are just trying to get basic knowledge on what they need to know and then end up going extensively on things to know and don't start investing because to them they are yet to get that basic knowledge so they can't invest yet but basically once a person knows to invest with their discretionary income they can start accumulating bitcoin and get any other knowledge along the way.

Basic knowledge is necessary to know how to do it. Lacking even a little knowledge will certainly create significant problems making it increasingly difficult for them to invest ultimately leading to their abandonment of investing.

for me basic knowledge is very necessary for beginners but it doesn't take long to understand the basic knowledge because in investing we can also gain knowledge and experience that make our investment work and knowledge and experience also come hand in hand so in this context only those who sometimes understand this method because they are directly involved in investing because they only need a little bit of knowledge the rest they think they will get after they dive directly into investing so every time they invest it's an experience so they no longer wait to make investments which initially they always postponed because of the many reasons they experienced that made them always protracted in postponing investing by accumulating Bitcoin.

[Futurexxx]

the thing here is that most people don't fully know what can be considered as basic knowledge and that's why someone people will claim they are just trying to get basic knowledge on what they need to know and then end up going extensively on things to know and don't start investing because to them they are yet to get that basic knowledge

You made a nice point here, and I think that it's what most newbie investor are suffering from, they will say that they want to acquire the basic knowledge to start, but they mostly waste more time trying to figure everything out before starting, without considering the fact that you can actually start your Bitcoin investment journey once you know how to buy it yourself with your discretionary income, then it's  along the line you can seek further knowledge on what and what is needed for you to invest in Bitcoin and be successful, like putting down emergency and reserve funds just in case of emergency springs up later in the future.

[Tonimez]

This sounds very funny to my ear  because how will you say that basic knowledge is not mandatory to start Bitcoin investment? Because how will you start something you don't even have the foundation on? Just imagine someone that wants to start building a house without laying foundation first, how do you think the building will stand? Basic knowledge is among the first thing an investor or someone who is willing to invest should have before starting in other words it is necessary and mandatory.

I don't think it is correct to say that one does not need a basic knowledge about bitcoin investment before venturing in it, it is a wrong statement there because for God's sake, how do you intend to understand what you are doing, how they are doing and the essence of doing it before going into d main investment. However with all being said, if you can simply the proceed it will be great to have a practical demonstration of it so the very newbies can benefit immensely and start taking bold decisions like such.

Basic knowledge is needed but the thing here is that most people don't fully know what can be considered as basic knowledge and that's why someone people will claim they are just trying to get basic knowledge on what they need to know and then end up going extensively on things to know and don't start investing because to them they are yet to get that basic knowledge so they can't invest yet but basically once a person knows to invest with their discretionary income they can start accumulating bitcoin and get any other knowledge along the way.

As a beginner, this issue of what basic knowledge really is is very crucial for every beginner to get started in their accumulation journey. Bitcoin is a volatile asset and has no pattern. Volatility is the core reason behind most prolonged tactical delays that beginners get involved in while planning to get into bitcoin accumulation. This is why it is very advisable that you teach a beginner the power of long-term HODLing because that's the only reasonable ground to cut down his fears. Most beginners tend to spend more time on the charts seeking to understand the rhythm or pattern of the market volatility. This continues and if care is not taken, more years will be spent on the chart with no true investment.

For me, I assume that there are only few things a beginner should know before getting involved in accumulation. Those few things include but not limited to;

1. A beginner should understand what a Discretionary income is
2. He has to understand the importance of long-term HODLing
3. He should understand the reason for Emergency funds, Backup funds and Reserved funds.
4. He has to understand the investment strategies: DCA, Lump-sum and Buying the Dip
5. Wallet and Wallet security

With this fiver first knowledge, a person can go ahead to invest in bitcoin and learn more in the process.

[Gallar]

DCA strategy is the best approach or strategy to use when investing in bitcoin, especially when you want to invest in bitcoin for long term, using DCA strategy to invest in bitcoin is very good because you will be more relaxed because theirs no need to be checking the market price always, and you will benefit from every dip since you are already accumulating regularly, I think and believe that the best way to invest in bitcoin for a long term is by using the DCA strategy.

It's undeniable that the DCA strategy is truly effective for investing in Bitcoin. Fundamentally, DCA doesn't create difficulties or confusion; we simply need to make regular purchases according to our plans, and everything will go smoothly. However, to ensure a smooth DCA in Bitcoin, we must also continually strive to maintain a steady income. This is the primary capital for having remaining funds, also known as discretionary funds.

Without a solid income, our Bitcoin investments will likely experience less smooth accumulation. Beyond investment, our lives will undoubtedly be insecure without a solid income. Therefore, as long-term Bitcoin investors, we must strive to maintain a healthy cash flow. This is our lifeblood and the basis for investing in Bitcoin. So don't forget that, because I think this is the most important thing when investing in Bitcoin in the long term.

[KeenanEl19]

It's a ridiculous sentence, I mean those who invest while learning certainly don't have the goal to experience losses, that's not the goal. What I think is that those who invest while learning have already started, so it's at least better than putting it off. After all, I think people who invest basically have common sense which includes basic knowledge, there is no way they do it solely without any knowledge at all.

You can't be too sure that those who invest while learning certainly don't have the goal to experience losses because we all have different level of understanding, some people are very dull in learning while some are very fast and smart in learning. You need to understand that the time it would take you to learn  and understand Bitcoin investment is not the same time it would take other guys to learn, there are folks that learn from their mistake before they understand and / or remember what Thier teacher thought them. You seem to be referring to those who are very fast and smart in learning, yes this set of people hardly experience loss.

In addition, some people may do it without basic knowledge, but because of interest or interest, this will directly make them learn even while investing, and with this knowledge, in my opinion, there is no need to emphasize before starting because this can be learned while investing and the purpose is open to losses.

Yes, sometimes we don't need to have the basic knowledge before getting started, there are people who started Thier Bitcoin investment just because they have interest in it with the hope of learning during the process of their accumulation. But those who feel they can't possibly start Thier Bitcoin investment without some level of knowledge have every right to do what they think is best for them before getting started, the most important this is, they are going to start Thier Bitcoin investment after getting the basic knowledge rather Thier investment journey might be delayed.

I’m not suggesting that the goal is to incur a loss after all, no one does anything with the intention of losing money. But what I mean is that at least those who take action while learning are already one step ahead of those who put it off even with just basic knowledge taking action is, in my opinion, better than delaying.

I believe everyone has the right to do what they think is best before starting, such as deepening their knowledge, but that can delay an investment that could actually be made immediately with just basic knowledge.

[Supreme Donvic]

the thing here is that most people don't fully know what can be considered as basic knowledge and that's why someone people will claim they are just trying to get basic knowledge on what they need to know and then end up going extensively on things to know and don't start investing because to them they are yet to get that basic knowledge

You made a nice point here, and I think that it's what most newbie investor are suffering from, they will say that they want to acquire the basic knowledge to start, but they mostly waste more time trying to figure everything out before starting, without considering the fact that you can actually start your Bitcoin investment journey once you know how to buy it yourself with your discretionary income, then it's  along the line you can seek further knowledge on what and what is needed for you to invest in Bitcoin and be successful, like putting down emergency and reserve funds just in case of emergency springs up later in the future.

True you can actually start bitcoin investment if only you know how to buy Bitcoin, those that want to know everything in Bitcoin before they will start are simply wasting their time because no matter how you try you cannot know everything or know the important things except you are already an investor, there are some things that you will start to understand only when you have started investing in Bitcoin, it happened to me I wanted to know everything before I start after knowing some things I thought I have already known everything when I started bitcoin investment I found out that there are a lot of things I don't know about bitcoin investment so it is only when you have started investing that you can understand a lot of things you need to understand so don't waste time on try to know everything just know how to buy and then start.

[Halifat]

I don't think it is correct to say that one does not need a basic knowledge about bitcoin investment before venturing in it, it is a wrong statement there because for God's sake, how do you intend to understand what you are doing, how they are doing and the essence of doing it before going into d main investment.

I will be curious to get to know what you understand by basic knowledge, because I believe that to get started, you just need to have a common sense and a discretionary income to start with, then after that, you can seek further knowledge on it, on how to go about your investment that can enable you to be successful, like putting down your emergency and reserve funds in place just in case of real life emergencies spring up in the future that may have compel you to temper with your bitcoin investment.

Anytime it comes to bitcoin investment what you need to do is to figure out your discretionary income cause this is what I see as an important factor, it allows you to invest without any fear and also give you peace of mind when you are investing.

After figuring out your discretionary income the next thing is to get the right strategies which is DCA, this allow you to gradually accumulate bitcoin by buying it using your discretionary income.

After figuring out the strategy that you are going to use to build up your bitcoin portfolio, you should not forget about emergency fund, this should be done simultaneously with your investment, it is not necessary that you have to have it first before you start investing, you can build it together using your discretionary income.

[Crakryptvest]

I don't think it is correct to say that one does not need a basic knowledge about bitcoin investment before venturing in it, it is a wrong statement there because for God's sake, how do you intend to understand what you are doing, how they are doing and the essence of doing it before going into d main investment.

I don't think that anyone will ever say that an intending investor do not need basic knowledge to start investing in bitcon, this discussion has continued to be a debate here and I don't think there should be misunderstanding to that, may be I will say it again, it is required of newbies to have basic knowledge to start investing with their discreationary, as a newbie you don't have to learn all in a day, there are many things to learn which van not be done in just one day, so a newbie has to start with his discreationary then as he keeps investing he will learn more things even if he want to learn the technicals it will have to start from somewhere.

[ejikeme24]

I don't think it is correct to say that one does not need a basic knowledge about bitcoin investment before venturing in it, it is a wrong statement there because for God's sake, how do you intend to understand what you are doing, how they are doing and the essence of doing it before going into d main investment. However with all being said, if you can simply the proceed it will be great to have a practical demonstration of it so the very newbies can benefit immensely and start taking bold decisions like such.

Whether you are going to start without having the basic knowledge about Bitcoin or you start with the basic knowledge is up to you or the investor, rather it's wrong to say that one does not need a basic knowledge about Bitcoin before getting started because is more like generalizing it that is why I can't largely agree with you. I understand that Sometimes guys can decide to make self assessment to see if they can be able to start without the basic knowledge, and then learn during the process of their accumulation or they would wait until they get the basic knowledge before getting started.

Most beginners feel they can't do without the basic knowledge after self assessment, and if such beginner is forced to get started with their bitcoin investment without some level of knowledge, there's every possibility that they will end up making mistake. And also , there are folks who are confident about getting started without the basic knowledge  knowing fully well that they will learn during the process, so beginners have the right to decide for themselves on what to do before getting started.

[LodBtcFast55]

I don't think it is correct to say that one does not need a basic knowledge about bitcoin investment before venturing in it, it is a wrong statement there because for God's sake, how do you intend to understand what you are doing, how they are doing and the essence of doing it before going into d main investment.

I don't think that anyone will ever say that an intending investor do not need basic knowledge to start investing in bitcon, this discussion has continued to be a debate here and I don't think there should be misunderstanding to that, may be I will say it again, it is required of newbies to have basic knowledge to start investing with their discreationary, as a newbie you don't have to learn all in a day, there are many things to learn which van not be done in just one day, so a newbie has to start with his discreationary then as he keeps investing he will learn more things even if he want to learn the technicals it will have to start from somewhere.

I agree with you that there is a lot of time to learn, but it is better to buy consistently, so that you can find a specific time where on the one hand you can gradually increase your investment and on the other hand you can learn and gain experience. If you invest in haste without understanding the volatility of the Bitcoin price, you will not be able to do it in the long run, because you will panic. But experience and skill are also needed here.

[Saltysugar99]

I don't think it is correct to say that one does not need a basic knowledge about bitcoin investment before venturing in it, it is a wrong statement there because for God's sake, how do you intend to understand what you are doing, how they are doing and the essence of doing it before going into d main investment. However with all being said, if you can simply the proceed it will be great to have a practical demonstration of it so the very newbies can benefit immensely and start taking bold decisions like such.

I think what isn't necessary needed before getting started is deep knowledge about Bitcoin investment but talking about basic knowledge, it is very essential because is like differentiating your right from your left and that is the key basic in the game. And again, another  important thing you must also consider before getting  started is to be able to figure out your discretionary funds then you are already there. Because their is no way things can work out without figuring this out even if you understand everything about bitcoin investment.

Yes ,Before starting Bitcoin investment, you definitely need some basic knowledge. For example, what is the difference between Bitcoin and shitcoin, investment and trading are not the same thing, why self-custody is important, why is it risky to keep all the coins on the exchange, and what does long-term investment really mean. Without such basic concepts, a newbie can easily go astray. But at the same time, not having deep knowledge should not be an obstacle to starting. Many people spend years thinking about starting after learning everything. Later, they see that the Bitcoin price has gone far, and they are still just discussing. So it is often more practical to start with a small amount with basic concepts. Learning and investing can go together, if the amount is within your ability.

However, you are right about discretionary funds. If you do not understand this, Bitcoin investment does not stand up properly. Even if someone knows a lot about Bitcoin, if he cannot calculate his income, expenses, emergency fund, backup fund and discretionary income properly, then his investment plan will be weak. Because there is no profit in buying Bitcoin, if later you have to sell it to meet rent, food, bills or emergency expenses. Discretionary income means the extra money that remains after fulfilling basic needs and necessary responsibilities. From that extra money, someone can invest, save some, and keep some for personal spending. Bitcoin investment should be from this part. Buying Bitcoin with needed money is not an investment, but rather creating pressure on your cashflow.

Two things are most important to start with. First, basic understanding so that you can stay away from scam, shitcoin, trading mentality or custodial risk. Second, understanding your cashflow so that you can continue DCA or regular accumulation in reality. Deep knowledge will increase gradually, but if cashflow management is wrong, long-term holding will not last. It is better to tell newbies that you do not have to understand everything perfectly and then start, but you should not start completely blindly either. Get basic knowledge, find out your discretionary income, do not ignore emergency fund, then start accumulating Bitcoin regularly even if it is small.

[Umulala-alala]

This sounds very funny to my ear  because how will you say that basic knowledge is not mandatory to start Bitcoin investment? Because how will you start something you don't even have the foundation on? Just imagine someone that wants to start building a house without laying foundation first, how do you think the building will stand? Basic knowledge is among the first thing an investor or someone who is willing to invest should have before starting in other words it is necessary and mandatory.

I don't think it is correct to say that one does not need a basic knowledge about bitcoin investment before venturing in it, it is a wrong statement there because for God's sake, how do you intend to understand what you are doing, how they are doing and the essence of doing it before going into d main investment. However with all being said, if you can simply the proceed it will be great to have a practical demonstration of it so the very newbies can benefit immensely and start taking bold decisions like such.

Basic knowledge is needed but the thing here is that most people don't fully know what can be considered as basic knowledge and that's why someone people will claim they are just trying to get basic knowledge on what they need to know and then end up going extensively on things to know and don't start investing because to them they are yet to get that basic knowledge so they can't invest yet but basically once a person knows to invest with their discretionary income they can start accumulating bitcoin and get any other knowledge along the way.

What an investor is required to get started with his bitcoin investment is a discretionary income and a common sense, a common sense will lead you how to follow up with your investment by buying consistently with the dca strategy either every weeks or months and hodl for long, we can learn more about bitcoin while also buying bitcoin any body that wants to learn all before starting won't be able to start because learning doesn't have any end.

[xzone]

This sounds very funny to my ear  because how will you say that basic knowledge is not mandatory to start Bitcoin investment? Because how will you start something you don't even have the foundation on? Just imagine someone that wants to start building a house without laying foundation first, how do you think the building will stand? Basic knowledge is among the first thing an investor or someone who is willing to invest should have before starting in other words it is necessary and mandatory.

I don't think it is correct to say that one does not need a basic knowledge about bitcoin investment before venturing in it, it is a wrong statement there because for God's sake, how do you intend to understand what you are doing, how they are doing and the essence of doing it before going into d main investment. However with all being said, if you can simply the proceed it will be great to have a practical demonstration of it so the very newbies can benefit immensely and start taking bold decisions like such.

Any investment made without knowledge will result in losing your money. Anyone who thinks this way is already making the biggest mistake. People who make money solely through luck will eventually lose everything they own. Those without knowledge take far greater risks than others.

I have friends who invested because others around them did, and some made money through luck. A few sold at the right time and made money; they had beginner's luck. But others lost huge sums of money and continue to lose

[Mr_Brilliant$]

DCA strategy is the best approach or strategy to use when investing in bitcoin, especially when you want to invest in bitcoin for long term, using DCA strategy to invest in bitcoin is very good because you will be more relaxed because theirs no need to be checking the market price always, and you will benefit from every dip since you are already accumulating regularly, I think and believe that the best way to invest in bitcoin for a long term is by using the DCA strategy.

It's undeniable that the DCA strategy is truly effective for investing in Bitcoin. Fundamentally, DCA doesn't create difficulties or confusion; we simply need to make regular purchases according to our plans, and everything will go smoothly. However, to ensure a smooth DCA in Bitcoin, we must also continually strive to maintain a steady income. This is the primary capital for having remaining funds, also known as discretionary funds.

Without a solid income, our Bitcoin investments will likely experience less smooth accumulation. Beyond investment, our lives will undoubtedly be insecure without a solid income. Therefore, as long-term Bitcoin investors, we must strive to maintain a healthy cash flow. This is our lifeblood and the basis for investing in Bitcoin. So don't forget that, because I think this is the most important thing when investing in Bitcoin in the long term.

I’ve always liked DCA.. You do not even need to be checking charts every minute or trying to predict and perfect entry… You just need to keep buying at intervals and keep moving…
The with time, all those small small purchases will start adding up, and before you know it you’ve built a good position without all the stress that comes with chasing tops and bottoms.. For me, that is what makes DCA a solid strategy, especially for people looking at Bitcoin from a long term perspective…