Does the DCA strategy inspire newbies to invest?

[Promocodeudo]

Honestly when it come to trading firstly analysis the markets is the best way for everyone trader’s to get what they want, but some will be claiming that their the only one that knows all the is the Bitcoin is all about where they didn’t know anything that’s why all those kind of people lose more in trading, investments and trading everyone has their strategies but I don’t know why some will try to use one strategy for both and their expecting be successful how is going to be possible it couldn’t.

@AYOBA I never wanted to respond to your comment but I have to because it is Crystal clear to me that you've deviated from the discussion and I can see that you're now discussing trading which does not align with the topic of discussion, of course I know that at some point in every direction people may likely deviate to prove some point or when they want to make examples but mate you went far, may be I should I should as a matter of fact draw your attention to the discussion at hand, we are actually discussing how possible it is for DCA method to inspire newbie ls to invest in Bitcoin, staying on the topic will do us good, pls don't get offended, we are actually making contributions to help ourselves and newbies that will continue to visit this thread, thanks for your understanding.

[Bigjoe33]

The focal point is always starting, and after starting, then concentration on consistency of accumulation regardless of the current market price. Perhaps, such consistency becomes more easier if the investor uses the DCA and also managing his income Cash flow, income management and allocation.

Concentrations on price fluctuations by a newbie will not go down well as a downturn of price might seem discouraging to them and if time is not taking reduce the amount of accumulation. So, it is always best if they firstly, come into bitcoin investment with a long term investment mentality, and then setting a target plan for there accumulation journey. With this, they are only focused on accumulation, striking a balance with there income, expenditure and there investment too, while continuously accumulating Bitcoin gradually using the DCA

If you have spend 4 years or more in Bitcoin and seen Bitcoin price falling to extra ordinary lows and then going up to new ATHs then your understanding about Bitcoin can't be compared with a new comer because a new comer has not experienced such things while his capital is invested in Bitcoin. A new comer has to start from somewhere and its a matter of time that as he start accumulating Bitcoin with his money and also see Bitcoin price fluctuating to new highs and lows, only then he can figure out when to buy more and when to just maintain pace. It also take time before we understand that DCA is an effective strategy.  

You are absolutely right on this and I agree to it. Its quite different, even the feeling, behaviour and risk tolerance. While a newbie might be afraid and reduce his accumulation or stop accumulating due to serious price decline, an experienced or old time investor who has witnessed such decline and rise of bitcoin would see it as an opportunity to buy more bitcoin and increase or grow his portfolio. And so yea, it is always a different ball game altogether and the both persons can never reason the same way.

But then, it's advisable that newbies coming into Bitcoin investment should know that the price of Bitcoin isn't always steady, but always goes up and down, but most importantly, that it they are able to Hodl for long term, there is possibilities and f the price appreciating, and they would make more profit from the already owned asset in bitcoin. So this view should be a motivational factor for newbies to keep on accumulating no matter the drop in price, while hoping for a potential increase in price of bitcoin in the nearest future

[AYOBA]

Honestly when it come to trading firstly analysis the markets is the best way for everyone trader’s to get what they want, but some will be claiming that their the only one that knows all the is the Bitcoin is all about where they didn’t know anything that’s why all those kind of people lose more in trading, investments and trading everyone has their strategies but I don’t know why some will try to use one strategy for both and their expecting be successful how is going to be possible it couldn’t.

@AYOBA I never wanted to respond to your comment but I have to because it is Crystal clear to me that you've deviated from the discussion and I can see that you're now discussing trading which does not align with the topic of discussion, of course I know that at some point in every direction people may likely deviate to prove some point or when they want to make examples but mate you went far, may be I should I should as a matter of fact draw your attention to the discussion at hand, we are actually discussing how possible it is for DCA method to inspire newbie ls to invest in Bitcoin, staying on the topic will do us good, pls don't get offended, we are actually making contributions to help ourselves and newbies that will continue to visit this thread, thanks for your understanding.

@Promocodeudo thank you for calling my attention concerned what this thread is all about, I also not mean to discuss on the trading I know that it wrong because my discussion wasn’t not actually aligned with the topic of discussions here. But with your clarification I’m fulling understanding what this topic is all about; and I promise to take a correction from my mistakes once again thanks for drawing my attention.

[Sim_card]

But then, it's advisable that newbies coming into Bitcoin investment should know that the price of Bitcoin isn't always steady, but always goes up and down, but most importantly, that it they are able to Hodl for long term, there is possibilities and f the price appreciating, and they would make more profit from the already owned asset in bitcoin. So this view should be a motivational factor for newbies to keep on accumulating no matter the drop in price, while hoping for a potential increase in price of bitcoin in the nearest future

Newbies shouldn't be more focused on profit as a motivational factor that will make them continue their bitcoin investment, because if they do, it can lead them to make wrong decisions that will affect the growth of their portfolio like not buying when the price dips or think of selling when there's a drastic dip and the price stays down for long. Instead, they should see bitcoin as one of the best assets to throw some value into for the future and have a bitcoin target and focus on it

Brand new investors should know that bitcoin is volatile and a long-term asset so that, they don't get to the point that they will panic and sell or stop buying at the dip. This is why if a brand new investor doesn't have confidence in bitcoin, he should invest with at least $10 or more for a start while, they get the market experience as the ongoingly buy weekly for a year or more.

When they have gained confidence in bitcoin, they can increase their DCA amount and buy aggressively to cover up those times that they were buying little by little.

[Showlove01]

It is really needless for someone to be speculating or trying to analyze the market because it is of no use to an investor and trust me any investor that is doing all these means they don't know what Bitcoin investment is all about but someone who does, will understand and know it is actually a waste to be doing that. Traders are the ones who analyze and speculate because they believe doing that will help them make a lot of profit. And sometimes I think what causes this inaction is ignorant yes.

Honestly when it come to trading firstly analysis the markets is the best way for everyone trader’s to get what they want, but some will be claiming that their the only one that knows all the is the Bitcoin is all about where they didn’t know anything that’s why all those kind of people lose more in trading, investments and trading everyone has their strategies but I don’t know why some will try to use one strategy for both and their expecting be successful how is going to be possible it couldn’t.

You seems to be contradicting what I said, I didn't said Bitcoin investment and trading doesn't have strategy off course both trading and investing has their strategy and principles to follow but that of trading is not certified I mean it is not sure or guarantee that someone will make profit from it because the market is very volatile and it is not easy to predict the possible direction of the market and this is also the reason why people are not always encouraged to trade Bitcoin because the possibility of losing your funds is higher but in Bitcoin investment you don't need to worry about any of these because no matter the Dip it will always surge and we have experienced it.

[gracreavix]

But then, it's advisable that newbies coming into Bitcoin investment should know that the price of Bitcoin isn't always steady, but always goes up and down, but most importantly, that it they are able to Hodl for long term, there is possibilities and f the price appreciating, and they would make more profit from the already owned asset in bitcoin. So this view should be a motivational factor for newbies to keep on accumulating no matter the drop in price, while hoping for a potential increase in price of bitcoin in the nearest future

Newbies shouldn't be more focused on profit as a motivational factor that will make them continue their bitcoin investment, because if they do, it can lead them to make wrong decisions that will affect the growth of their portfolio like not buying when the price dips or think of selling when there's a drastic dip and the price stays down for long. Instead, they should see bitcoin as one of the best assets to throw some value into for the future and have a bitcoin target and focus on it

This is a good mindset fr, especially for newbies.
When I was starting out too, I was kind of conscious, not to get carried away by the money aspect of it. Because I don’t want to fall into that trap of always following profit, because all of that is the fastest way to get emotional, which can lead to panic selling or hesitating to buy and all that.

For me, it is a better approach. It will helped anyone stay less attached to every single Bitcoin price movement, helping not to react to the market emotionally. Giving them that focused on long term plan and target.

And also, this kind of mindset gives you a better chance of staying consistent and growing your portfolio.

[cocadalcan]

Newbies shouldn't be more focused on profit as a motivational factor that will make them continue their bitcoin investment, because if they do, it can lead them to make wrong decisions that will affect the growth of their portfolio like not buying when the price dips or think of selling when there's a drastic dip and the price stays down for long. Instead, they should see bitcoin as one of the best assets to throw some value into for the future and have a bitcoin target and focus on it

Of course.. it is important for a new investor not to rush for profit. Their investment objective will be to accumulate one full cycle of Bitcoin. If they can successfully complete this they should do another cycle and another cycle as long as they have discretionary income available. If you expect to make a profit at the beginning of your Bitcoin accumulation you will not get very far because the temptation of a price increase will make it tempting to withdraw your Bitcoin holdings. Regular buying targets rather than focusing on profits will support you to keep buying at every price point in the market and is a great way for new investors to learn investment discipline.

[Versatile_choice]

Newbies shouldn't be more focused on profit as a motivational factor that will make them continue their bitcoin investment, because if they do, it can lead them to make wrong decisions that will affect the growth of their portfolio like not buying when the price dips or think of selling when there's a drastic dip and the price stays down for long. Instead, they should see bitcoin as one of the best assets to throw some value into for the future and have a bitcoin target and focus on it

You're right,  every newbies Should be more concerned about building their bitcoin portfolio rather than looking into profit, although sometimes I don't blame those newbies that is so much interested in the profit aspect because sometimes the fault might be coming from the person that thought them about bitcoin investment, probably they  might be telling them how much profit they will make if they invest in bitcoin without even saying "in the long term" and newbies will now capitalize on what they told them and start hoping for profit immediately after making their Investment so while teaching newbies we need to give them the right informations.

[avp2306]

But then, it's advisable that newbies coming into Bitcoin investment should know that the price of Bitcoin isn't always steady, but always goes up and down, but most importantly, that it they are able to Hodl for long term, there is possibilities and f the price appreciating, and they would make more profit from the already owned asset in bitcoin. So this view should be a motivational factor for newbies to keep on accumulating no matter the drop in price, while hoping for a potential increase in price of bitcoin in the nearest future

Newbies shouldn't be more focused on profit as a motivational factor that will make them continue their bitcoin investment, because if they do, it can lead them to make wrong decisions that will affect the growth of their portfolio like not buying when the price dips or think of selling when there's a drastic dip and the price stays down for long. Instead, they should see bitcoin as one of the best assets to throw some value into for the future and have a bitcoin target and focus on it

Brand new investors should know that bitcoin is volatile and a long-term asset so that, they don't get to the point that they will panic and sell or stop buying at the dip. This is why if a brand new investor doesn't have confidence in bitcoin, he should invest with at least $10 or more for a start while, they get the market experience as the ongoingly buy weekly for a year or more.

When they have gained confidence in bitcoin, they can increase their DCA amount and buy aggressively to cover up those times that they were buying little by little.

If they are focusing only on short time profit for sure that aside that they could possibly miss lots of great opportunities, this can also make them panic especially if they see that market is declining and the don't have any idea about other things to do on that situation.

We could see that volatile movement is normal on Bitcoin, but if they go long term with this also if they have confidence that Bitcoin have good future, those small steps they made can possibly give them good result in future especially if they remain consistent will not get bothered by any short term fuds happening with this coin.

Starting up with $10 is really fine since with that they can already practice to do DCA strategy and it can help to learn engaging on a investment with minimal rick.

If they already have good trust on the process and gain great experience this time they could able to take advantage on each situation happening on the market and also can able to increase raise up their investment sizes.

[Tonimez]

[Edited out]

If they already have good trust on the process and gain great experience this time they could able to take advantage on each situation happening on the market and also can able to increase raise up their investment sizes.

The most important role of the DCA strategy in keeping beginners in the bitcoin investment lane is that DCA makes bitcoin less risky as a beginner can easily invest with little amount which he feels he is ready to loose. He keeps doing this over time until with such mindset and if he finally gains the right knowledge and realise how profitable bitcoin can be in the near future, he then goes more aggressively and becomes a stronger investor even better than many who have been in bitcoin before him.

The DCA strategy is a tested and trusted bait that has kept many in the bitcoin race for a very long time. If you are not a bitcoin gambler, if you had learned the right way, then you have what it takes to make a good fortune in years to come.

[PhilosopherKing]

But investing using the DCA method is less appropriate if done when market prices like today are trending up.

dca method is appropriate to use in any period in market and uptrending price don't make DCA less appropriate. dca is the ongoingly buying of bitcoin without giving a fuck about what the price it is.

Nobody can outwit the market . And if you get all picky in choosing when you buy and when not to buy that can get you timing market  and with that you can't builded enough bitcoin stash

Provided there's discretionary income you can ongoingly buy bitcoin in the uptrending and downtrending market.

[laspol65]

But investing using the DCA method is less appropriate if done when market prices like today are trending up.

dca method is appropriate to use in any period in market and uptrending price don't make DCA less appropriate. dca is the ongoingly buying of bitcoin without giving a fuck about what the price it is.

Nobody can outwit the market . And if you get all picky in choosing when you buy and when not to buy that can get you timing market  and with that you can't builded enough bitcoin stash

Provided there's discretionary income you can ongoingly buy bitcoin in the uptrending and downtrending market.

If you follow the DCA method and collect Bitcoin regularly, you do not need extra money. Extra money is needed only when you maintain your Bitcoin investment at a long-term rate. So there are some strategies to maintain your Bitcoin investment, if you can follow these strategies, then it will be easy for you to maintain your Bitcoin investment. According to the DCA method, along with purchasing Bitcoin, you should also form an emergency fund, so that if you face any danger, this emergency fund can be used to deal with it.
So if an ideal Bitcoin investor can follow these strategies, it will definitely be possible to maintain your Bitcoin investment at a long-term rate.

[WhoYouCantKill]

You're right,  every newbies Should be more concerned about building their bitcoin portfolio rather than looking into profit, although sometimes I don't blame those newbies that is so much interested in the profit aspect because sometimes the fault might be coming from the person that thought them about bitcoin investment, probably they  might be telling them how much profit they will make if they invest in bitcoin without even saying "in the long term" and newbies will now capitalize on what they told them and start hoping for profit immediately after making their Investment so while teaching newbies we need to give them the right informations.

And that’s the very reason why people, especially newbies shouldn’t just blindly delve into something they have absolutely no idea about, especially when it involves them putting their money into it. It’s true that everyone must not use the same strategy in Bitcoin investment, but also using the wrong strategy can land you into much bigger trouble, which is why everyone should first do their due diligence first, have a solid understanding of what they are going into, know the ins and outs, the cons and pros before finally entering, this is exactly what helps people make better decisions about their choices of investments.

[Derekfunds]

You're right,  every newbies Should be more concerned about building their bitcoin portfolio rather than looking into profit, although sometimes I don't blame those newbies that is so much interested in the profit aspect because sometimes the fault might be coming from the person that thought them about bitcoin investment, probably they  might be telling them how much profit they will make if they invest in bitcoin without even saying "in the long term" and newbies will now capitalize on what they told them and start hoping for profit immediately after making their Investment so while teaching newbies we need to give them the right informations.

And that’s the very reason why people, especially newbies shouldn’t just blindly delve into something they have absolutely no idea about, especially when it involves them putting their money into it. It’s true that everyone must not use the same strategy in Bitcoin investment, but also using the wrong strategy can land you into much bigger trouble, which is why everyone should first do their due diligence first, have a solid understanding of what they are going into, know the ins and outs, the cons and pros before finally entering, this is exactly what helps people make better decisions about their choices of investments.

Bitcoin investment is not actually hard or difficult as some people claims it to be because what we need for our Bitcoin accumulation is our discretionary income and a basic knowledge on how to go about it but sometimes lack of knowledge and understanding makes some people feel or think Bitcoin investment is hard but it is not. Using a fund meant for other expenses is wrong and it is among the thing that makes people feel it is hard after they have lost it due to lack of knowledge and understanding.

[JayJuanGee]

Yet, at the same time if we attempt to prepare financially and psychologically for either direction.. then we likely will know what we are doing in that regard too, and perhaps the extent to which our numbers might change.. but likely our numbers are changing based on how much of our discretionary income we want to put in.. Ae we going to keep it $100 per week and do we make our buy on a certain day of the week or do we have some flexibility in regards to when we buy?

If you have decided to invest 100$ per week then decide a day and buy on that particular day. We can do some some variations like we can buy a day or two earlier from our specified day and likewise we can delay it but it should be in a manner that 100$ is invested within a week. This variation on buying days will only be done if we think we are getting good price before or after our specified day. If we just go with strategy that I will buy whenever I have mood then you might have same portfolio like Saylor has right now.

You are not wrong, yet if we are making these kinds of weekly buys for a couple of cycles or longer, the timing of the buys are likely not going to make very much difference in regards to which day of the week that you buy or even if you attempt to buy the dips within the week.  It still can be fun and even make you feel better to try to buy the dips during the week.. even though in the whole scheme of things after a couple of cycles or longer, it may well not change your average cost per BTC in any meaningful and/or material way (or cause you to accumulate a meaningfully/materially significant larger amount of BTC). 

[edited out]

When they have gained confidence in bitcoin, they can increase their DCA amount and buy aggressively to cover up those times that they were buying little by little.

I have my doubts about the abilities for any of us to make up for our past times in which we might have had been investing into bitcoin more whimpily.  Sure, it is an idea to invest more aggressively to make up for lost time.. - yet we still have limits in regards to how aggressive we can be..

So let's say that a guy learned about bitcoin, and he decided that he was going to invest into it at around $30 per week, while he is orienting himself and becoming more comfortable.. so perhaps he knows that he could invest $100 per week, but he just is not comfortable enough...

So as he invests he little by little raises his amount, and maybe he even goes up to $120 per week or even $150 per week, and part of his motive is to make up for the times in which he was more whimpy.. I question the extent to which that would work.. even though I do recognize that people will do things like that... there are even provisions in American investment laws that gives tax benefits and even abilities to "make up" invest once a guy gets over 50 years old.. under the assumption that sometimes guys will realize that they had not invested enough prior to 50 years old, so when they turn 50, they are allowed to invest at a higher limit into some of the tax benefitted accounts.

Newbies shouldn't be more focused on profit as a motivational factor that will make them continue their bitcoin investment, because if they do, it can lead them to make wrong decisions that will affect the growth of their portfolio like not buying when the price dips or think of selling when there's a drastic dip and the price stays down for long. Instead, they should see bitcoin as one of the best assets to throw some value into for the future and have a bitcoin target and focus on it

Of course.. it is important for a new investor not to rush for profit. Their investment objective will be to accumulate one full cycle of Bitcoin. If they can successfully complete this they should do another cycle and another cycle as long as they have discretionary income available. If you expect to make a profit at the beginning of your Bitcoin accumulation you will not get very far because the temptation of a price increase will make it tempting to withdraw your Bitcoin holdings. Regular buying targets rather than focusing on profits will support you to keep buying at every price point in the market and is a great way for new investors to learn investment discipline.

Sure.  There is nothing wrong with assessing and reassessing from time to time, yet the conclusion may or may not be to continue to accumulate bitcoin. There could be assessments that the person has enough bitcoin or even assessments to change the level of aggressiveness in accumulating bitcoin (such as making the accumulation less aggressive).

You're right,  every newbies Should be more concerned about building their bitcoin portfolio rather than looking into profit, although sometimes I don't blame those newbies that is so much interested in the profit aspect because sometimes the fault might be coming from the person that thought them about bitcoin investment, probably they  might be telling them how much profit they will make if they invest in bitcoin without even saying "in the long term" and newbies will now capitalize on what they told them and start hoping for profit immediately after making their Investment so while teaching newbies we need to give them the right informations.

And that’s the very reason why people, especially newbies shouldn’t just blindly delve into something they have absolutely no idea about, especially when it involves them putting their money into it. It’s true that everyone must not use the same strategy in Bitcoin investment, but also using the wrong strategy can land you into much bigger trouble, which is why everyone should first do their due diligence first, have a solid understanding of what they are going into, know the ins and outs, the cons and pros before finally entering, this is exactly what helps people make better decisions about their choices of investments.

Stop being patronizing.  If a newbie to bitcoin can figure out that he has discretionary funds and he knows that he has common sense, then he can get started right away.  He hardly needs to know anything beyond whether he has an extra $30 in his pocket in order to get started.

Now in order to continue to invest, and as the amounts become larger, he may well have to improve his understanding of both his cashflow situation, and also look into bitcoin a bit more in terms of considering self-custody and getting some ideas how bitcoin works and why it is a good long term investment for 4-10 years or longer.

Sure, there may be some people who determine (based on their common sense) that they have some time, energy and value constraints, so they might identify that it could take them a bit of time to decide the place in which they are going to start to source their bitcoin.  Perhaps they heard about a few possible options, yet feel that for their own comfort level, they are going to need to investigate into their bitcoin source possibilities, and perhaps spend a few hours looking further into that.  Maybe also they have some income and expense issues that they feel that they need to look into also, yet there still might be some importance that they figure out their matters.

[Obulis]

It is really needless for someone to be speculating or trying to analyze the market because it is of no use to an investor and trust me any investor that is doing all these means they don't know what Bitcoin investment is all about but someone who does, will understand and know it is actually a waste to be doing that. Traders are the ones who analyze and speculate because they believe doing that will help them make a lot of profit. And sometimes I think what causes this inaction is ignorant yes.

Honestly when it come to trading firstly analysis the markets is the best way for everyone trader’s to get what they want, but some will be claiming that their the only one that knows all the is the Bitcoin is all about where they didn’t know anything that’s why all those kind of people lose more in trading, investments and trading everyone has their strategies but I don’t know why some will try to use one strategy for both and their expecting be successful how is going to be possible it couldn’t.

You are confusing the newbies because we are not talking about trading but about long term holding of Bitcoin. We are talking about long term Bitcoin investment and how to invest in Bitcoin because newbies will be interested in Bitcoin investment based on this discussion.
So don't try to divert the discussion of this topic, your discussion will be very helpful for the newbies so it would be a good idea to discuss long term Bitcoin holding.

This is just like calling emergency number... The confusion has what it takes to kidnap/grab/envelope a newbie mind who ordinarily is already thinking of gaining right away from Bitcoin. The emergency call is sound, clear and simple and needful. Honestly newbies need that chance to be with a long-term investment look on Bitcoin.

[WhoYouCantKill]

Bitcoin investment is not actually hard or difficult as some people claims it to be because what we need for our Bitcoin accumulation is our discretionary income and a basic knowledge on how to go about it but sometimes lack of knowledge and understanding makes some people feel or think Bitcoin investment is hard but it is not. Using a fund meant for other expenses is wrong and it is among the thing that makes people feel it is hard after they have lost it due to lack of knowledge and understanding.

It’s not about being hard, but more about knowing what to do, how to do it and possibly when to do it. Not saying people need to know everything, but do you think it’s everyone that knows they should invest with their discretionary income? That’s part of the basic things every bitcoin investor should know. You can just expect a complete newbie to realize that he needs to invest with his discretionary funds or that they need to have some sort of a financial cushion. Just knowing they need to be accumulating bitcoin for the long term isn’t enough, when they don’t have the basics of investing.

[Tongley]

It’s not about being hard, but more about knowing what to do, how to do it and possibly when to do it. Not saying people need to know everything, but do you think it’s everyone that knows they should invest with their discretionary income? That’s part of the basic things every bitcoin investor should know. You can just expect a complete newbie to realize that he needs to invest with his discretionary funds or that they need to have some sort of a financial cushion. Just knowing they need to be accumulating bitcoin for the long term isn’t enough, when they don’t have the basics of investing.

A person who does not know how to invest with discretionary income may be involved in trading or gambling under the name of investment. Because before starting investment, we need to determine two things:

• First, whether there is a source of discretionary income or not.
  
• Second, whether we have basic knowledge related to Bitcoin or not.

We need these two things to start investing. Whenever a new person invests without being aware of this, if the market falls, he may panic and sell his investment or if after investing with the required amount in the market, if that amount of money is needed, he may have to sell his investment, as a result, he may divert his attention from his Bitcoin. We should never take this wrong approach. It is the best and right decision to continue investing through our discretionary income. If a person cannot find discretionary income, then it will be a better decision for him not to invest.

[Hewlet]

It is really needless for someone to be speculating or trying to analyze the market because it is of no use to an investor and trust me any investor that is doing all these means they don't know what Bitcoin investment is all about but someone who does, will understand and know it is actually a waste to be doing that. Traders are the ones who analyze and speculate because they believe doing that will help them make a lot of profit. And sometimes I think what causes this inaction is ignorant yes.

Honestly when it come to trading firstly analysis the markets is the best way for everyone trader’s to get what they want, but some will be claiming that their the only one that knows all the is the Bitcoin is all about where they didn’t know anything that’s why all those kind of people lose more in trading, investments and trading everyone has their strategies but I don’t know why some will try to use one strategy for both and their expecting be successful how is going to be possible it couldn’t.

You are confusing the newbies because we are not talking about trading but about long term holding of Bitcoin. We are talking about long term Bitcoin investment and how to invest in Bitcoin because newbies will be interested in Bitcoin investment based on this discussion.
So don't try to divert the discussion of this topic, your discussion will be very helpful for the newbies so it would be a good idea to discuss long term Bitcoin holding.

This is just like calling emergency number... The confusion has what it takes to kidnap/grab/envelope a newbie mind who ordinarily is already thinking of gaining right away from Bitcoin. The emergency call is sound, clear and simple and needful. Honestly newbies need that chance to be with a long-term investment look on Bitcoin.

As much as it's not out of place to engage in discussions you see others commenting on, it's equally expedient to give you view in a coherent manner that relates properly with what's being discussed or else, you're seen to be someone that's just spamming the thread with a not sk meaningful contribution.

Of cause, newbies both the ones that are new to bitcoin and the ones that have known about bitcoin but are relatively new to actually investing in bitcoin tend to face a lot of challenges at the early phase and most of them might be looking at imidiate profit which is why the word trading doesn't seems to leave Thier mouth. We can't condem them so much because they are still learning but at our own end, we just need to educate them properly and let them know that bitcoin works better when the investor looks at it from a long term standpoint. Trading and any form of short term expectations of reward is nothing far from gambling with Thier asst.

[WhoYouCantKill]

A person who does not know how to invest with discretionary income may be involved in trading or gambling under the name of investment. Because before starting investment, we need to determine two things:

• First, whether there is a source of discretionary income or not.
  
• Second, whether we have basic knowledge related to Bitcoin or not.

We need these two things to start investing. Whenever a new person invests without being aware of this, if the market falls, he may panic and sell his investment or if after investing with the required amount in the market, if that amount of money is needed, he may have to sell his investment, as a result, he may divert his attention from his Bitcoin. We should never take this wrong approach. It is the best and right decision to continue investing through our discretionary income. If a person cannot find discretionary income, then it will be a better decision for him not to invest.

It’s true that we need to try as much as possible to encourage people especially the new comers who are enthusiastic about investing in bitcoin to start immediately but it’s also crucial to also make sure they’re treading on the right path while getting started even though they’ve not really figured out everything yet. Which is why even if they actually have figured out their discretionary income, they still need some kind of a prepping on how to avoid certain costly mistakes that most newbies often make. Some newbies who would’ve ended up being potential investors quitted along the way after making a few mistakes which could’ve been easily avoided if only they were prepped, we can’t just assume every new guy can find their way around investing by giving them the usual all you need is a discretionary income speech.