Does the DCA strategy inspire newbies to invest?

[RockBell]

Since BTC is volatile and nothing is also guarantee we shouldn't invest in it with just any income saying means that one can use all his money to invest in bitcoin or even using there emergency funds which is wrong, if folks can't figure out any discretionary income they shouldn't invest in BTC unless they have been able to figure out there discretionary income after meeting up the need of other important things you are supposed to settle like those pressing need then any funds that remains is your discretionary income which you can only use to buy bitcoin and hodl.

The volatility of bitcoin is what have been a thing of concern and they should know that is not that deep and it is just for the main time and volatility strike balance when it comes to the market and a lot of newbie are having a misconception about this whole thing and this is because they don't have knowledge and understanding because if they have the knowledge then they will be on a safer side and they should understand that nothing will happen to there money and eventually everything will bounce back so it is better for you to just do your DCA.

discretionary income  and additional to DCA and with been discipline because when you want  to invest as a newbie you need to be ready to put a lot of things in place, and the way it a lot of people want to invest but they don't want to discipline there self and they want to make profit it won't work,  people need to be more disciplined when it comes to buying and holding,  mostly people are always scared of the deep and the next thing they are selling.

[ejikeme24]

The volatility of bitcoin is what have been a thing of concern and they should know that is not that deep and it is just for the main time and volatility strike balance when it comes to the market and a lot of newbie are having a misconception about this whole thing and this is because they don't have knowledge and understanding because if they have the knowledge then they will be on a safer side and they should understand that nothing will happen to there money and eventually everything will bounce back so it is better for you to just do your DCA.

A newbie with the right knowledge about bitcoin investment will never show concern in the volatility, I see no reason why newbies will be having concern about the volatility when their mentor already said something regarding that aspect. Though in most cases newbies might be having some doubt or showing concern about the volatility reason been that they haven't experienced it for the first time so they will  be imagining how it feels like, then if I'm the mentor I will ask the newbie to invest with a little amount just for experiment so as to test their emotions.

[Sammye3]

The volatility of bitcoin is what have been a thing of concern and they should know that is not that deep and it is just for the main time and volatility strike balance when it comes to the market and a lot of newbie are having a misconception about this whole thing and this is because they don't have knowledge and understanding because if they have the knowledge then they will be on a safer side and they should understand that nothing will happen to there money and eventually everything will bounce back so it is better for you to just do your DCA.

A newbie with the right knowledge about bitcoin investment will never show concern in the volatility, I see no reason why newbies will be having concern about the volatility when their mentor already said something regarding that aspect. Though in most cases newbies might be having some doubt or showing concern about the volatility reason been that they haven't experienced it for the first time so they will  be imagining how it feels like, then if I'm the mentor I will ask the newbie to invest with a little amount just for experiment so as to test their emotions.

Volatility is a characteristics of Bitcoin, we can't control how volatile Bitcoin would be but we can control what knowledge we acquire from people around us who claim on how good they are with Bitcoin investment. People need to respect the fact that beginners need to get their own conviction and trust before taking some certain action we expect them to take. If we impose those action on them, it is no longer investing with intention but investing by force. And on a normal state it shouldn't be so. Bitcoin investment should be by personal conviction.

[Jody.Drummer]

Everyone has their own way of making decisions, but the goal is the same to act in their own best interest. Regardless of the approach taken, the first step is to ensure you have a source of income and then plan what to do with that income. However, it’s wise to prepare beforehand before investing meaning, don’t just dive in blindly, because everything involves some level of risk. Most people likely think about the future and the need to prepare for it, and one way to prepare is by saving whenever you have income whether in a bank or elsewhere. Investing, however, is something only those who understand it should do since not everyone is familiar with the world of investing but when it comes to saving it’s highly likely that everyone understands it.

what kind of preparation does one needs to do as per getting started.?. I don't see any need for any kind of preparation as long as we can be able to figure out if we have discretionary income to invest in bitcoin. Talking about preparation before starting makes it to sound as if bitcoin investment is very difficult to start. Why the procrastination in the name of preparing when we can start accumulating bitcoin using the available discretionary income.

Preparation in the context of finance mainly, and apart from that from others, such as securing phrase keys and others, whatever will be done there must be preparation at least even small things are better considered, but if this is not needed, that's up to you because everyone has their own way. But when we have money, it is better to start immediately, especially if we already have enough income, so don't delay because this is clearly the goal is to prepare for our own future. Use any strategy that we believe in and can understand, do it well so that it produces satisfying results.

[PhilosopherKing]

Preparation in the context of finance mainly, and apart from that from others, such as securing phrase keys and others, whatever will be done there must be preparation at least even small things are better considered, but if this is not needed, that's up to you because everyone has their own way. But when we have money, it is better to start immediately, especially if we already have enough income, so don't delay because this is clearly the goal is to prepare for our own future. Use any strategy that we believe in and can understand, do it well so that it produces satisfying results.

You are saying that person should learn and prepare how to secure phrase key when they don't have any bitcoin stash to protect? Dosen't that sound funny to you. If person have discretionary income and common sense that  they can use,, then fuck whatever preparation man, because that small preparation you are talking about can use up plenty time and delay person from beginning their investment.

Preparing before starting will teach you nada about bitcoin. You rightly learn and prepare yourself for bitcoin when you ongoingly start buying small small, and then increasing along the way. Starting is the way that person can gain experience with time in bitcoin.

[alankasman]

You are saying that person should learn and prepare how to secure phrase key when they don't have any bitcoin stash to protect? Dosen't that sound funny to you. If person have discretionary income and common sense that  they can use,, then fuck whatever preparation man, because that small preparation you are talking about can use up plenty time and delay person from beginning their investment.
Preparing before starting will teach you nada about bitcoin. You rightly learn and prepare yourself for bitcoin when you ongoingly start buying small small, and then increasing along the way. Starting is the way that person can gain experience with time in bitcoin.

I agree more with what you said that someone with disposable income and common sense is better off forgetting about securing their phrase key. Because of this I think that after I better understand how to prepare and learn to secure a phrase key I don't need it anymore. Even if someone does have Bitcoin learning is definitely no longer necessary for them. And even if they do it's certainly a waste of time that serves no personal benefit.

This is also very beneficial for a person because before starting there's an intention to learn more and more. This is intended to prepare oneself for the future. Over time it may be easier to expand on what they've already gained especially if they already have a basic understanding. As we mentioned before there's an intention to learn how to buy or hold when the market is down, or other factors. Therefore a person's intentions are already clear before they begin. It's no surprise that their path to success can be sustained by pursuing what they prioritize/need in Bitcoin.

[ZeroVinsonN]

The volatility of bitcoin is what have been a thing of concern and they should know that is not that deep and it is just for the main time and volatility strike balance when it comes to the market and a lot of newbie are having a misconception about this whole thing and this is because they don't have knowledge and understanding because if they have the knowledge then they will be on a safer side and they should understand that nothing will happen to there money and eventually everything will bounce back so it is better for you to just do your DCA.

A newbie with the right knowledge about bitcoin investment will never show concern in the volatility, I see no reason why newbies will be having concern about the volatility when their mentor already said something regarding that aspect. Though in most cases newbies might be having some doubt or showing concern about the volatility reason been that they haven't experienced it for the first time so they will  be imagining how it feels like, then if I'm the mentor I will ask the newbie to invest with a little amount just for experiment so as to test their emotions.

Not everyone accumulating bitcoin right now had someone to show them through the basics plus a person can never be truly prepared for something, the best way to know if they are ready for something is to do it, the volatility of bitcoin can be scary if a person doesn't have the plan to hold long term, a newbie with long term investment mind might be scared when the price goes down especially after they've bought already but because they know to not touch what they've accumulated yet they don't sell, after a few experiences they get used to it and it eventually doesn't bother them again.

[Rockstarguy]

A newbie with the right knowledge about bitcoin investment will never show concern in the volatility, I see no reason why newbies will be having concern about the volatility when their mentor already said something regarding that aspect. Though in most cases newbies might be having some doubt or showing concern about the volatility reason been that they haven't experienced it for the first time so they will  be imagining how it feels like, then if I'm the mentor I will ask the newbie to invest with a little amount just for experiment so as to test their emotions.

Every newbie has that little fear of the volatility of Bitcoin, but what helps to alleviate this fear is understanding Bitcoin as a volatile asset and getting used to the market by starting small.

The reason why some people have a long-lasting fear of Bitcoin's volatility is that they still have the same mindset about Bitcoin. What will really help every newbie is to look back at the price history of Bitcoin and the movement of the market; this will provide a better understanding of Bitcoin's volatility. Some people have a greedy mindset in which they feel they don’t deserve the fall in the price of Bitcoin but are very interested in investing when the price of Bitcoin increases.

[Loyang]

A newbie with the right knowledge about bitcoin investment will never show concern in the volatility, I see no reason why newbies will be having concern about the volatility when their mentor already said something regarding that aspect. Though in most cases newbies might be having some doubt or showing concern about the volatility reason been that they haven't experienced it for the first time so they will  be imagining how it feels like, then if I'm the mentor I will ask the newbie to invest with a little amount just for experiment so as to test their emotions.

No one can ever acquire complete knowledge and the person who says he has acquired complete knowledge may think he has reached his goal. A new person will be afraid. This is very natural, knowledge, the advice of the advisor and the experience are not the same thing. The advice of the advisor will never be able to remove your fear, but it can bring some peace for a while. But experience is a result of your long-term experience. The experience that you will gain from the Bitcoin market in the long run and the experience that you will gain from the volatility in the market is never a possibility that can be obtained from the advisor and the acquisition of knowledge.

A new person can start investing with a small amount of money by providing discretionary income and after starting investing, he can gradually gain knowledge and face volatility, then he can increase the level of investment. But the most important thing for a person is to start investing

[ultrloa]

A newbie with the right knowledge about bitcoin investment will never show concern in the volatility, I see no reason why newbies will be having concern about the volatility when their mentor already said something regarding that aspect. Though in most cases newbies might be having some doubt or showing concern about the volatility reason been that they haven't experienced it for the first time so they will  be imagining how it feels like, then if I'm the mentor I will ask the newbie to invest with a little amount just for experiment so as to test their emotions.

Every newbie has that little fear of the volatility of Bitcoin, but what helps to alleviate this fear is understanding Bitcoin as a volatile asset and getting used to the market by starting small.

The reason why some people have a long-lasting fear of Bitcoin's volatility is that they still have the same mindset about Bitcoin. What will really help every newbie is to look back at the price history of Bitcoin and the movement of the market; this will provide a better understanding of Bitcoin's volatility. Some people have a greedy mindset in which they feel they don’t deserve the fall in the price of Bitcoin but are very interested in investing when the price of Bitcoin increases.

I find it normal for them to get afraid with volatility of Bitcoin, because they have less knowledge on how to deal with it. But if they are really interested to start. they can start small and try to understand volatility is normal on Bitcoin.

Price history will provably show those high and lows of Bitcoin and they will figure out that those situation is really normal. But also they provably find out how great Bitcoin is for seeing the price growth over the years of its existence, they might find out that Bitcoin is really good for long term.

The dangerous phase is not really the volatile movement of Bitcoin, but rather the greed of investors want those short term gains, because chance to lose doing that is big.