Buy Buy Buy or Sell Sell Sell?

[GoldBitcoin112]

Investing in Bitcoin requires confidence and prudent income. Those who use prudent income will undoubtedly be able to sustain their Bitcoin investment for a long time, and you must set up an emergency fund to keep your Bitcoin investment more secure. New people will be more secure by building on this strategy, because by following this strategy and following the DCA method for a long time, they will be able to create a wealth of money in the future with a small amount of money.
While investing in Bitcoin on a weekly basis is the most important, if you have enough money, you can follow the DCA method and purchase Bitcoin by maintaining a small amount of money. Then your Bitcoin investment will be able to perform more safely in the future, and you will undoubtedly be successful in the long run if your plan is right.

A lot of individuals focus only on purchasing Bitcoin but forget the reason of having a strong financial foundation first DCA, patience and proper risk management are what help investors remain consistent through market ups and downs. Having emergency fund and investing only what one can afford makes a big difference, the people who stay consistent and think long term are usually the ones who benefits the most.

You are very correct mostly focused more on DCA strategy and never forget that a good investor also don't have all the good qualities without his or her emergency funds and backup funds ready, this is to help any investor to vent him in the time of difficulty along the line, and so make sure all the necessities are ready.

[I_Anime]

Investing in Bitcoin requires confidence and prudent income. Those who use prudent income will undoubtedly be able to sustain their Bitcoin investment for a long time, and you must set up an emergency fund to keep your Bitcoin investment more secure. New people will be more secure by building on this strategy, because by following this strategy and following the DCA method for a long time, they will be able to create a wealth of money in the future with a small amount of money.
While investing in Bitcoin on a weekly basis is the most important, if you have enough money, you can follow the DCA method and purchase Bitcoin by maintaining a small amount of money. Then your Bitcoin investment will be able to perform more safely in the future, and you will undoubtedly be successful in the long run if your plan is right.

A lot of individuals focus only on purchasing Bitcoin but forget the reason of having a strong financial foundation first DCA, patience and proper risk management are what help investors remain consistent through market ups and downs. Having emergency fund and investing only what one can afford makes a big difference, the people who stay consistent and think long term are usually the ones who benefits the most.

You are very correct mostly focused more on DCA strategy and never forget that a good investor also don't have all the good qualities without his or her emergency funds and backup funds ready, this is to help any investor to vent him in the time of difficulty along the line, and so make sure all the necessities are ready.

DCA is widely regarded as one of the best and most recommended strategies for buying Bitcoin. By investing a fixed amount at regular intervals, you reduce the impact of market volatility and build your position over time. But the other strategies still have roles to play also , imo DCA strategy can also play the role of buying the dip when you keep buying and the price kept going down , that’s you buying the dip . When come to lumpsum buying which is going all out at once , it usually help to give good head start when come to investing in bitcoin .

[Queen uloma]

Investing in Bitcoin requires confidence and prudent income. Those who use prudent income will undoubtedly be able to sustain their Bitcoin investment for a long time, and you must set up an emergency fund to keep your Bitcoin investment more secure. New people will be more secure by building on this strategy, because by following this strategy and following the DCA method for a long time, they will be able to create a wealth of money in the future with a small amount of money.
While investing in Bitcoin on a weekly basis is the most important, if you have enough money, you can follow the DCA method and purchase Bitcoin by maintaining a small amount of money. Then your Bitcoin investment will be able to perform more safely in the future, and you will undoubtedly be successful in the long run if your plan is right.

A lot of individuals focus only on purchasing Bitcoin but forget the reason of having a strong financial foundation first DCA, patience and proper risk management are what help investors remain consistent through market ups and downs. Having emergency fund and investing only what one can afford makes a big difference, the people who stay consistent and think long term are usually the ones who benefits the most.

You are very correct mostly focused more on DCA strategy and never forget that a good investor also don't have all the good qualities without his or her emergency funds and backup funds ready, this is to help any investor to vent him in the time of difficulty along the line, and so make sure all the necessities are ready.

Many people focus mainly on DCA strategy but forget that emergency funds and back up funds is also an essential part in every good investment. Before people decide to buy bitcoin consistency it is good to first understand that they need to  have money that’s going to be able to handle their unexpected expenses. For example, during sickness, family emergency, job loss or an urgent need. If there’s no emergency fund, a person may end up selling his bitcoin at the wrong time because of pressure.

 A wise investor is someone who knows how to balance everything properly, and uses his discretionary income to invest, not someone who buys bitcoin every month. Even if life brings in unexpected challenges, they won’t panic to sell their investment. Emergency funds, and DCA works together. If anyone is missing the investment is incomplete.

[GeorgeJohn]

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So I'm still asking, how long do you think it's going to take to get the basic knowledge needed to start investing in bitcoin, you keep making it look like it's something that's going to take alot of time but as far as I'm concerned getting the basic knowledge needed for investing in bitcoin can be done in a matter of hours (and this long is just to give everyone the benefit of the doubt) if you are planning on taking days to get basic knowledge then you are looking for more than just the basic knowledge needed to start investing.

It depends on the person's intellectual quotient (IQ) to read and understand it's research analysis in bitcoin, someone who's smart and highly intelligent can comprehend it within a short period of time..while someone who have low intellectual quotient (IQ) it will take it a long time before it will comprehend the basic things of bitcoin before embarking into the investment..Actually everyone have different principles for investment...but for a safer side, anyone who wants to invest in bitcoin, should research properly or else, it will be disappointed, many people who has invested in Bitcoin has been disappointed because of lack of knowledge...

[junder]

When you think about it, investing in BTC isn't complicated; it simply involves buying and holding for the long term—using discretionary income, of course While basic knowledge is necessary, it is easy to acquire and doesn't require a significant amount of time. The most important thing is the ability to hold BTC for the long term; failing to do so carries high risk, and many investors have suffered losses by selling below their purchase price That said, having an emergency fund and a reserve fund is essential when investing in BTC

Investing in BTC is not a complicated thing especially if we have a fairly stable income, of course the investment should go well by being done consistently for the long term. One of the things that really need to be considered is the ability to save and maintain it regardless of the external things must be considered as well as emergency funds that can indeed be a protective investment so as not to be disturbed.

[Solokan]

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So I'm still asking, how long do you think it's going to take to get the basic knowledge needed to start investing in bitcoin, you keep making it look like it's something that's going to take alot of time but as far as I'm concerned getting the basic knowledge needed for investing in bitcoin can be done in a matter of hours (and this long is just to give everyone the benefit of the doubt) if you are planning on taking days to get basic knowledge then you are looking for more than just the basic knowledge needed to start investing.

It depends on the person's intellectual quotient (IQ) to read and understand it's research analysis in bitcoin, someone who's smart and highly intelligent can comprehend it within a short period of time..while someone who have low intellectual quotient (IQ) it will take it a long time before it will comprehend the basic things of bitcoin before embarking into the investment..Actually everyone have different principles for investment...but for a safer side, anyone who wants to invest in bitcoin, should research properly or else, it will be disappointed, many people who has invested in Bitcoin has been disappointed because of lack of knowledge...

Indeed, everyone has different abilities and intelligence; some understand easily, while others struggle. Those who want to invest in BTC certainly need to do research, as many people fail and lose money due to a lack of knowledge. It's certainly worth considering the lengthy research process. If you've done your research, you'll likely have no regrets when investing, whether in the event of a loss or a profit, because you already know the risks.

However, so far, people who lose money investing in BTC usually do so because they don't hold long-term and don't understand the true meaning of long-term investment. Holding BTC for the long term is usually a lucky outcome, and only those who trade in BTC lose, or those who don't have an emergency fund when investing in BTC.

[Sulegzy39]

It's unclear if you're promoting timing the market or long-term DCA. The phrase "perfect entry time" is only used by traders when discussing BTC investment. Investment decisions should be based on risk management and long-term planning, not assumptions. You're definitely not even supposed to set a time restriction on how long an investor should hold BTC and present it as a general norm.

The majority of us intend to hold for more than ten years. Remember, there is no predetermined number of years that ensure success in Bitcoin investing. Personally, I believe that anything less than ten years should not be classified as long-term accumulating and holding.

[Gallar]

You are very correct mostly focused more on DCA strategy and never forget that a good investor also don't have all the good qualities without his or her emergency funds and backup funds ready, this is to help any investor to vent him in the time of difficulty along the line, and so make sure all the necessities are ready.

Yes, if we're talking about when our Bitcoin investment is already underway, an emergency fund and a reserve fund are definitely necessary, or should be started. This is because, fundamentally, this plays a crucial role in the sustainability of our investment and our security. We never know when unforeseen events will occur. Therefore, an emergency fund is absolutely essential. However, in the initial investment phase, or before investing in Bitcoin, we aren't required to have an emergency fund.

Essentially, in the initial phase, we should prioritize accumulation first. Only then should we build an emergency fund, as that's better. I think having an emergency fund required for investing from the start would be quite burdensome for those who don't have one. However, for those who already have one, it's clearly beneficial. But here we're talking about people who are truly in a zone where they don't have an emergency fund at all. So, that's my personal conclusion.

[The Founding Titan]

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So I'm still asking, how long do you think it's going to take to get the basic knowledge needed to start investing in bitcoin, you keep making it look like it's something that's going to take alot of time but as far as I'm concerned getting the basic knowledge needed for investing in bitcoin can be done in a matter of hours (and this long is just to give everyone the benefit of the doubt) if you are planning on taking days to get basic knowledge then you are looking for more than just the basic knowledge needed to start investing.

It depends on the person's intellectual quotient (IQ) to read and understand it's research analysis in bitcoin, someone who's smart and highly intelligent can comprehend it within a short period of time..while someone who have low intellectual quotient (IQ) it will take it a long time before it will comprehend the basic things of bitcoin before embarking into the investment..Actually everyone have different principles for investment...but for a safer side, anyone who wants to invest in bitcoin, should research properly or else, it will be disappointed, many people who has invested in Bitcoin has been disappointed because of lack of knowledge...

You have made a fair point but I would still argue that getting the knowledge needed to be able to start accumulating bitcoin will take long at all for someone who actually wants to start buying bitcoin, even if I raise to a day, 1 day dedicated to learning the basics about bitcoin and the person will find out at the end of that day that they've even learned more than rhe basic, of course having that knowledge isn't bad, it will always be a good thing to know these kinds of things but to say you need to know so much before you can start investing is wrong.

[PhilosopherKing]

stop telling people to start learning how to secure their bitcoin when they are supposed to be ongoingly investing. A no coiner goal is how they are supposed to be buying bitcoin so they can grow up their bitcoin stash, such people shouldn't be wasting time learning security when they don't have anything yet in their wallet to protect.

There is time for everything, a time to get the fuck started and invest according to person discretionary, and then there is a time to learn. And this learning can be done along the way.

You talk like you know when an attack might come or a situation where someone loses their device and didn’t properly store their recovery seed phrase.

Yes it’s important to get started and remain consistent, it’s also important to know how to protect your wallets even when you’re starting. Security is quite essential, Just like how we emphasis on having an emergency fund, the Security of your wallet is just as important, they’re both for the safety of your investment.

You can continue delaying because you want to learn security before starting. And if you even understood me you will know that I wasn't against security, I was only against person delaying to start. The truthbis that that person can also ongoingly invest and also learn along the way. That is even the best thing to do because it will be so nonsensical for person to eventually spend their discretionary income that is supposed to be used to ongoingly invest just because the person is waiting for perfection before starting.

[impulse709]

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So I'm still asking, how long do you think it's going to take to get the basic knowledge needed to start investing in bitcoin, you keep making it look like it's something that's going to take alot of time but as far as I'm concerned getting the basic knowledge needed for investing in bitcoin can be done in a matter of hours (and this long is just to give everyone the benefit of the doubt) if you are planning on taking days to get basic knowledge then you are looking for more than just the basic knowledge needed to start investing.

It depends on the person's intellectual quotient (IQ) to read and understand it's research analysis in bitcoin, someone who's smart and highly intelligent can comprehend it within a short period of time..while someone who have low intellectual quotient (IQ) it will take it a long time before it will comprehend the basic things of bitcoin before embarking into the investment..Actually everyone have different principles for investment...but for a safer side, anyone who wants to invest in bitcoin, should research properly or else, it will be disappointed, many people who has invested in Bitcoin has been disappointed because of lack of knowledge...

You have made a fair point but I would still argue that getting the knowledge needed to be able to start accumulating bitcoin will take long at all for someone who actually wants to start buying bitcoin, even if I raise to a day, 1 day dedicated to learning the basics about bitcoin and the person will find out at the end of that day that they've even learned more than rhe basic, of course having that knowledge isn't bad, it will always be a good thing to know these kinds of things but to say you need to know so much before you can start investing is wrong.

The basics of Bitcoin don't need an advanced understanding to get started with. If you're interested in the basics you can learn them in a day or two, and start investing with a small amount of money. The difference is not IQ, it is the attitude to continue learning and being disciplined. A lot of investors make trouble due to their emotional investing rather than investing in the long term. Use a safe wallet, learn about the risks, invest as much as you can afford and keep learning as you gain experience.

[Crytohillss]

stop telling people to start learning how to secure their bitcoin when they are supposed to be ongoingly investing. A no coiner goal is how they are supposed to be buying bitcoin so they can grow up their bitcoin stash, such people shouldn't be wasting time learning security when they don't have anything yet in their wallet to protect.

There is time for everything, a time to get the fuck started and invest according to person discretionary, and then there is a time to learn. And this learning can be done along the way.

You talk like you know when an attack might come or a situation where someone loses their device and didn’t properly store their recovery seed phrase.

Yes it’s important to get started and remain consistent, it’s also important to know how to protect your wallets even when you’re starting. Security is quite essential, Just like how we emphasis on having an emergency fund, the Security of your wallet is just as important, they’re both for the safety of your investment.

You can continue delaying because you want to learn security before starting. And if you even understood me you will know that I wasn't against security, I was only against person delaying to start. The truthbis that that person can also ongoingly invest and also learn along the way. That is even the best thing to do because it will be so nonsensical for person to eventually spend their discretionary income that is supposed to be used to ongoingly invest just because the person is waiting for perfection before starting.

Studying about security is important , but it shouldn't become a reason to keep pushing the start date further and further one don't need to understand everything before taking one first step, begin learning as you go and improve one security practices along the way waiting for right time or perfect knowledge often ends up costing more than making a careful begin and growing faster.

[Proty]

stop telling people to start learning how to secure their bitcoin when they are supposed to be ongoingly investing. A no coiner goal is how they are supposed to be buying bitcoin so they can grow up their bitcoin stash, such people shouldn't be wasting time learning security when they don't have anything yet in their wallet to protect.

There is time for everything, a time to get the fuck started and invest according to person discretionary, and then there is a time to learn. And this learning can be done along the way.

You talk like you know when an attack might come or a situation where someone loses their device and didn’t properly store their recovery seed phrase.

Yes it’s important to get started and remain consistent, it’s also important to know how to protect your wallets even when you’re starting. Security is quite essential, Just like how we emphasis on having an emergency fund, the Security of your wallet is just as important, they’re both for the safety of your investment.

You can continue delaying because you want to learn security before starting. And if you even understood me you will know that I wasn't against security, I was only against person delaying to start. The truthbis that that person can also ongoingly invest and also learn along the way. That is even the best thing to do because it will be so nonsensical for person to eventually spend their discretionary income that is supposed to be used to ongoingly invest just because the person is waiting for perfection before starting.

The issue of security is something that can't be over looked as long as bitcoin investment is concerned because failure of an investor to be able to secure their bitcoin may leads to unimaginable loss. Bitcoin once lost is not easy to recover, therefore security should be considered of outmost important as long as bitcoin investment is concerned. However, a newbie doesn't needs to learn or know everything about how to secure bitcoin before they can start accumulating bitcoin. It is possible for a newbie to be learning about how they can store there bitcoin safely while still on the accumulation phase.
There are people that they may end up not investing in bitcoin because they want to learn about things they feel is important and at the end they will used up there discretionary funds for other things as you said.

[Frankolala]

You can continue delaying because you want to learn security before starting. And if you even understood me you will know that I wasn't against security.

Learning about bitcoin security shouldn't be the reason why you should choose to delay your bitcoin investment because what are you trying to secure when you have no bitcoin. Newbies give unnecessary reasons just to feel they're right to delay their bitcoin investment from getting started when all these ain't important for you to get started.

Security aspects of bitcoin can be complicated for a newbie that has zero knowledge about bitcoin and that might scare him away investing immediately. Provided your discretionary income is available, you can start buying bitcoin right away and store your bitcoin on an exchange temporarily and learn about which wallet if your choice is best for you to use that is noncustodial and open source.

Everything that has to do with bitcoin investment is best learned by experience as you are investing because that's when you will get the whole picture of what's all about. Another reason for storing your bitcoin in an exchange for it to pile up to $500 and above is because of your UTXO. Too many small small transactions can eat up major part of your profit in future if transaction fee. is very high

[Joeboy]

You have made a fair point but I would still argue that getting the knowledge needed to be able to start accumulating bitcoin will take long at all for someone who actually wants to start buying bitcoin, even if I raise to a day, 1 day dedicated to learning the basics about bitcoin and the person will find out at the end of that day that they've even learned more than rhe basic, of course having that knowledge isn't bad, it will always be a good thing to know these kinds of things but to say you need to know so much before you can start investing is wrong.

As long as you or anyone has there discretionary income, then the best time to invest is even yesterday.. And so, that one day waiting period that you even spoke of even for me seem like a waste of precious time.. Coz it can make you not to even start again, and that's coz that 1 day waiting period may eventually turn into 5 day and from there keep going higher and higher till you later loose interest in investment all together.. Bitcoin investment is best done properly as well as understood better though actual involvement.. Involvement here mean kickstarting your investment as soon as possible, and then learning as you go...

[JayJuanGee]

You are very correct mostly focused more on DCA strategy and never forget that a good investor also don't have all the good qualities without his or her emergency funds and backup funds ready, this is to help any investor to vent him in the time of difficulty along the line, and so make sure all the necessities are ready.

Yes, if we're talking about when our Bitcoin investment is already underway, an emergency fund and a reserve fund are definitely necessary, or should be started. This is because, fundamentally, this plays a crucial role in the sustainability of our investment and our security. We never know when unforeseen events will occur. Therefore, an emergency fund is absolutely essential. However, in the initial investment phase, or before investing in Bitcoin, we aren't required to have an emergency fund.

You would be retarded if you were investing in bitcoin and did not have an emergency fund.

No one would be able to take you seriously as a bitcoin investor if you don't have any emergency fund, since the emergency fund is needed, at minimum, to make sure that you are buying bitcoin from discretionary funds rather than money that you need.

Another thing is that it is likely prudent and reasonable for guys to build their back up funds (emergency fund) at about the same rate as they are building their bitcoin investment, even though I surely could imagine that guys would want to have at least a minimum of 1-2 weeks of their expenses in back up funds to be assured that they are not spending beyond their discretionary funds.

Logic also supports that the longer that a bitcoin investor is buying bitcoin, then the larger the amount invested into bitcoin is going to become, which likely causes more and more incentives to protect the bitcoin.

We also know that investing is 4-10 years or longer, even though the bitcoin beginner might not initially be willing to commit to a 4-10 years or longer investment timeline, yet he is not going to transition into investing into bitcoin (rather than trading and/or gambling) unless he is able to get himself to commit to buying and/or holding bitcoin for 4-10 years or longer.

Investing into bitcoin is likely superior to trying to trade and/or gamble with it, even though bitcoin's ongoing, and likely inevitable volatility lend itself to attracting people to want to trade and/or gamble with it rather than invest into it, and yeah, if they are not able to figure out parameters for investing, they are likely going to end up not profiting as much from bitcoin as they could have had if they had recognized, appreciated and practiced bitcoin as an investment rather than a trade (or a gamble).

Essentially, in the initial phase, we should prioritize accumulation first. Only then should we build an emergency fund, as that's better.

You are wrong.  Emergency funds are needed from the start, even though in the beginning the emergency funds might start out as a small amount or even start out in a way that builds it up at a similar pace as our bitcoin investment.

I think having an emergency fund required for investing from the start would be quite burdensome for those who don't have one.

If you don't have one, you build it up with bitcoin, and yeah, if a person has a real low level of discretionary funds, no bitcoin and no back up funds, then he might need to build up his back up funds to be around a week or so of his expenses before buying bitcoin, otherwise, he might not be able to have sufficient confidence that he is not buying bitcoin beyond the capacities of his discretionary funds.

However, for those who already have one, it's clearly beneficial.

Back up funds is not something that you either have or don't have, since it tends to take a shit ton of time to build it up, and guys cannot start buying bitcoin with absolutely no back up funds.. .so then it takes time to build up the back up funds, but they can be built up at the same time as bitcoin.

Now if you are suggesting that a guy might have 3 months of expenses in cash and absolutely no bitcoin, then he may well need to figure out how to use around half of that money to buy bitcoin and then to build up his bitcoin and his back up funds at a similar rate after getting some initial start in bitcoin. 

Yes, the amount of back up funds will make a difference in what the bitcoin newbie might consider doing, so maybe you want to give an example, since the amount of his income and expenses (and how much discretionary funds remain) may well also affect what the guy does (or how he starts out buying bitcoin and managing his cashflows, too)

But here we're talking about people who are truly in a zone where they don't have an emergency fund at all. So, that's my personal conclusion.

If they do not have any back up funds (emergency funds) then surely they need some minimal amount of back up funds to get started.  Maybe we might want to bat around an example so that we can talk more concretely about how to potentially manage a situation in which a guy has absolutely no back up funds, but supposedly he has discretionary income?

[edited out]

You have made a fair point but I would still argue that getting the knowledge needed to be able to start accumulating bitcoin will take long at all for someone who actually wants to start buying bitcoin, even if I raise to a day, 1 day dedicated to learning the basics about bitcoin and the person will find out at the end of that day that they've even learned more than rhe basic, of course having that knowledge isn't bad, it will always be a good thing to know these kinds of things but to say you need to know so much before you can start investing is wrong.

How can you know how long it is going to take anyone before they can start?

Do they have discretionary funds?

A guy with discretionary funds should be able to get started, but any newbie figures out if he is comfortable to start or not.  I don't know what "basics" you believe the bitcoin newbie needs in order to get started in the event that he has already figured out his discretionary funds.  Does he know his source for bitcoin?  There is a lot of regional variation regarding possible sources for bitcoin, so what are we assuming about his knowledge of his source for buying bitcoin?

[edited out]

The basics of Bitcoin don't need an advanced understanding to get started with. If you're interested in the basics you can learn them in a day or two, and start investing with a small amount of money. The difference is not IQ, it is the attitude to continue learning and being disciplined. A lot of investors make trouble due to their emotional investing rather than investing in the long term. Use a safe wallet, learn about the risks, invest as much as you can afford and keep learning as you gain experience.

You think that guys can learn about "the basics" in a year or two?  How do you know what guys know or don't know or how long it might take them to learn?

And you think as the basics, that they need to learn about "using a safe wallet, learning about the risks and/or investing as much as you can afford"  And, then what about discretionary income?  Do they know that part already in your assumption or do they need to learn about it?

stop telling people to start learning how to secure their bitcoin when they are supposed to be ongoingly investing. A no coiner goal is how they are supposed to be buying bitcoin so they can grow up their bitcoin stash, such people shouldn't be wasting time learning security when they don't have anything yet in their wallet to protect.

There is time for everything, a time to get the fuck started and invest according to person discretionary, and then there is a time to learn. And this learning can be done along the way.

You talk like you know when an attack might come or a situation where someone loses their device and didn’t properly store their recovery seed phrase.

Yes it’s important to get started and remain consistent, it’s also important to know how to protect your wallets even when you’re starting. Security is quite essential, Just like how we emphasis on having an emergency fund, the Security of your wallet is just as important, they’re both for the safety of your investment.

You can continue delaying because you want to learn security before starting. And if you even understood me you will know that I wasn't against security, I was only against person delaying to start. The truthbis that that person can also ongoingly invest and also learn along the way. That is even the best thing to do because it will be so nonsensical for person to eventually spend their discretionary income that is supposed to be used to ongoingly invest just because the person is waiting for perfection before starting.

Regarding security of coins, a guy can adjust his position size to account for any initial security concerns, and if many folks might start out buying from an exchange, then maybe they would buy for several weeks before first moving their coins into some kind of a private wallet... So, as we discussed many times, knowing about private wallets would not be needed before getting started, yet if a guy is going to buy from some private party or from some entity that does not allow the storage of the coins, then he might either have to figure out some private wallet that is comfortable to him or maybe he would adjust his position size downward if he might not be sufficiently comfortable with his starting out wallet.

[edited out

The issue of security is something that can't be over looked as long as bitcoin investment is concerned because failure of an investor to be able to secure their bitcoin may leads to unimaginable loss.

Why would a beginner start out investing into bitcoin with an amount that "may lead to an unimaginable loss?"  That does not sound like a very smart person, and I am not even saying that a beginner needs to be smart in order to start investing in bitcoin.

Bitcoin once lost is not easy to recover, therefore security should be considered of outmost important as long as bitcoin investment is concerned.

So the solution, from your perspective, is that the beginner needs to spend a bunch of time learning about bitcoin security before he can start to buy bitcoin?

However, a newbie doesn't needs to learn or know everything about how to secure bitcoin before they can start accumulating bitcoin. It is possible for a newbie to be learning about how they can store there bitcoin safely while still on the accumulation phase.

What if they start with an exchange, then they should be able to go through the information on the exchange about how coins are stored on the exchange?

But are you suggesting that the beginner needs to start with a private wallet in order to get started?  That might take more time to learn, no?

There are people that they may end up not investing in bitcoin because they want to learn about things they feel is important and at the end they will used up there discretionary funds for other things as you said.

You mean that the beginner bitcoiner figures out that he has discretionary funds, and then he starts to think about buying bitcoin, so then as he is starting to learn about some aspects of bitcoin and then during that process of learning about bitcoin, the learning is taking longer and longer, so then he ends up using his discretionary funds to go out to a nice restaurant instead of buying bitcoin with that money that was supposed to be used to buy bitcoin?

So your suggestion is that the guy does not spend time to learn about whatever he was going to learn, but instead buy bitcoin?

[landheer]

You are very correct mostly focused more on DCA strategy and never forget that a good investor also don't have all the good qualities without his or her emergency funds and backup funds ready, this is to help any investor to vent him in the time of difficulty along the line, and so make sure all the necessities are ready.

Yes, if we're talking about when our Bitcoin investment is already underway, an emergency fund and a reserve fund are definitely necessary, or should be started. This is because, fundamentally, this plays a crucial role in the sustainability of our investment and our security. We never know when unforeseen events will occur. Therefore, an emergency fund is absolutely essential. However, in the initial investment phase, or before investing in Bitcoin, we aren't required to have an emergency fund.

In my opinion, having an emergency fund is essential right from the start of your investment journey—or even before you begin—because we never know what life might throw at us; therefore, it is best to pair any BTC purchase with an emergency fund.
If you start investing without an emergency fund and something unexpected happens, you might well be forced to sell the BTC you just bought.

[Razmirraz]

There are people that they may end up not investing in bitcoin because they want to learn about things they feel is important and at the end they will used up there discretionary funds for other things as you said.

You mean that the beginner bitcoiner figures out that he has discretionary funds, and then he starts to think about buying bitcoin, so then as he is starting to learn about some aspects of bitcoin and then during that process of learning about bitcoin, the learning is taking longer and longer, so then he ends up using his discretionary funds to go out to a nice restaurant instead of buying bitcoin with that money that was supposed to be used to buy bitcoin?

So your suggestion is that the guy does not spend time to learn about whatever he was going to learn, but instead buy bitcoin?

If what he meant by "not learning at all" is very dangerous, they should implement the concept of "don't wait to be an expert to start", in my opinion it is called paralysis by analysis, the more he learns the more afraid he becomes and as a result he always postpones starting to invest, eventually his discretionary funds are used up for other things. A wiser suggestion to increase the attractiveness of beginners to continue investing in Bitcoin is not to use learning as an excuse to delay, nor should they buy aggressively without understanding or having no knowledge at all.

Even if they don't understand coding, mining, and so on, the important thing is that they consistently buy small amounts, then learn slowly and increase their investment amount when they feel comfortable, such as by understanding security, a strong mindset, and the basic purpose of Bitcoin. Those who consistently bought $10 or $20 a week since 2020 are now far ahead of those who waited until 2020 to understand and only started buying in 2026. In my opinion, using the word "learning" as an excuse to delay investing is the biggest mistake.

[JayJuanGee]

[edited out]

Even if they don't understand coding, mining, and so on, the important thing is that they consistently buy small amounts, then learn slowly and increase their investment amount when they feel comfortable, such as by understanding security, a strong mindset, and the basic purpose of Bitcoin.

Even though I agree with your points about getting started, starting out slow and learning along the way, I have a hard time imagining very many situations in which "coding, mining and so on" would be needed to be learned before getting started or even as some kind of a learning requirement for bitcoin investing.  Although at the same time, guys can learn whatever they like, so  "coding, mining and so on" could be areas of interest that guys want to learn about bitcoin (or related to bitcoin).

[johnsaributua]

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Yes, if we're talking about when our Bitcoin investment is already underway, an emergency fund and a reserve fund are definitely necessary, or should be started. This is because, fundamentally, this plays a crucial role in the sustainability of our investment and our security. We never know when unforeseen events will occur. Therefore, an emergency fund is absolutely essential. However, in the initial investment phase, or before investing in Bitcoin, we aren't required to have an emergency fund.

In my opinion, having an emergency fund is essential right from the start of your investment journey—or even before you begin—because we never know what life might throw at us; therefore, it is best to pair any BTC purchase with an emergency fund.
If you start investing without an emergency fund and something unexpected happens, you might well be forced to sell the BTC you just bought.

This makes it easier for us to invest in Bitcoin because the fund will always be something that can save us when our position and situation are under pressure. However when we have this fund I think all the problems we experience will be easier and more practical to solve. It also aims to avoid touching what we have already accumulated for example, problems related to debt before investing by borrowing money as our initial capital to purchase Bitcoin for investment.

So before we take out a loan, we already have an emergency fund, but we take out the loan as additional capital for us to invest so that with the profit from investing of course we will pay off the loan with the emergency fund that we have and we don't need to sell the assets that we already have even in the form of Bitcoin but that is our purpose in having an emergency fund before starting a Bitcoin investment and that is a little opinion in my opinion.