Does the DCA strategy inspire newbies to invest?

[Hardyrobust]

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.

For a long term bitcoin investor it’s not only when the market is down that you can buy bitcoin and hold as you can always buy bitcoin at any market price. It’s a trader’s mindset to have the intention of waiting to buy only when the market is down and hold so that they can sell quickly when there’s a little increase in price just for a quick profit making mindset which is a very wrong approach to bitcoin investment especially as a newbie. What you only need is just to figure out a discretionary income and use the DCA method to buy regularly at any market price either weekly or monthly basis depending on how your discretionary income is flowing. And even more so as a newbie who’s just getting started In bitcoin investment all they need is just to figure out a discretionary income and get started in accumulating bitcoin and along the line they can be learning more and gain more experience as they’re ongoing buying and investing in bitcoin.

It is only those that are after quick profit that should be thinking of buying only when the price of bitcoin is down. This altitude of timing the market to buy when it is favourable is very risky since know one can predict correctly when the price of bitcoin will decline or when it will rise.
Long term investors shouldn't buy only when the market is down before holding bitcoin. They can buy at any price since they are not thinking of quick profit.

[Bigjoe33]

. 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.

That is why the mindset and/or investment metality matters alot. Coming into Bitcoin investment with an investment mentality becomes more profitable for a long time since such investor has an already existing long term plan or target, unlike traders who just depend on buying and selling when there is a little additional gain from there entry point or level. Such traders only think of the present, forsaking that it is more profitable if we HODL for a longer period since the price can always appreciate at anytime

[Merit.s]

Every person can get started accumulating bitcoin provided thy have the basic knowledge,.discretionary income and long-term mindset to accumulate bitcoin.

The above bolded part isn't really necessary for a newbie, even if he doesn't have that conviction yet, he can still get started, because it is mostly that personal conviction that mostly makes investors develop that long term mindset, and most of the time, this doesn't build up at the first stages of the investment. This is because most investors who get started often do so with the intention of sticking around for a short time, make some profits, withdraw and zoom off, so you can't tell them they can't invest, because sooner or later, they could figure out the right way themselves.

I think one of the important things that common sense can tell us is that you should have a long-term mindset of investing if you truly want to learn about bitcoin, and build your bitcoin portfolio. However, having a long-term mindset from the beginning is good because it will make you take your time to study your financial situation in order to know how much is your discretionary income and how much you should put into bitcoin weekly that it wouldn't affect you.

If you have a short term mindset, you will end up becoming a trader because what will come into your head is to buy low and sell high that's what common sense will tell you. This was why a lot of new beginners started trading and after making huge losses, they realized that isn't the right way and deviate from trading to a long term. Some might get discouraged after losses in trading and say bitcoin is a scam. You don't need to run at loss first before you know the right path to follow which is long-term investment mindset.

If I'm introducing anyone to bitcoin, the first thing I tell them is that bitcoin is a long-term investment, you don't need to rush for profit because that's not how it works.

[Canves]

I want to know more about general knowledge and basic knowledge in investing. Many people are mentioning that it is necessary to have general knowledge and basic knowledge about Bitcoin at the beginning of investing.
What I know is that common knowledge is that you should never suddenly stand in front of a moving car. Another example is that you can go to the market and buy things by setting a budget, and you can calculate the money and pay for it yourself.
But I really want to know that you need to have basic knowledge about Bitcoin at the beginning of investing. And I also want to know why it is necessary to have basic knowledge at the beginning of investing? You can learn even after starting investing. In this case, I would like to know your opinions and advice.

[ejikeme24]

[Edited out]

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.

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.

It's only someone who is not used to taking risk that will get afraid with volatility of bitcoin, but the truth is that everyone is not the same so yeah some newbies might be afraid since they are not familiar or used to the ups and downs that usually happen. But they need to learn it by starting small because if they remain like that I'm afraid they might end up as no coiners. sometimes we have to summon courage by ourselves instead of waiting for other people to motivate you especially in something that may likely profit you in the future.

[monetizator4]

I want to know more about general knowledge and basic knowledge in investing. Many people are mentioning that it is necessary to have general knowledge and basic knowledge about Bitcoin at the beginning of investing.
What I know is that common knowledge is that you should never suddenly stand in front of a moving car. Another example is that you can go to the market and buy things by setting a budget, and you can calculate the money and pay for it yourself.
But I really want to know that you need to have basic knowledge about Bitcoin at the beginning of investing. And I also want to know why it is necessary to have basic knowledge at the beginning of investing? You can learn even after starting investing. In this case, I would like to know your opinions and advice.

Having basic knowledge before diving into Bitcoin investing helps avoid common pitfalls. Understanding terms like public key, private key, and wallet basics prevents issues. Also, knowing about exchanges, wallets security, and price volatility can save you from unnecessary losses

[Xackie]

I find investors using the DCA strategy invest for the long term.
Special Considerations Should Beginners Follow the DCA Method for Bitcoin Investments? What Can Be the Outcome -Future

No other method is more suitable for a beginner than to DCA, DCA takes out the stress of thinking about when is the bottom to buy or not. You can buy any pries and at anytime and still not have spent that much to buy.

DCA does more to a newbie than just acquiring Bitcoin. It teaches you something about discipline that when you can stay determined to invest in Bitcoin through DCA at the specific time that you' set for yourself. There are other methods to use but this is the best especially for income earners as it prevents you from spending all your money at onces and you begin to have second thoughts when the market isn't being favourable.

On the other hand, I think the DCA method will be more favourable to the smaller investors when the market is bullish because if a small investor decides to DCA when the market is red, there are obvious possibilities that, it might get liquidated depending on how much has been imputed already.

The DCA method is a good one but I think there are also terms and conditions associated with it and most times, when I read about advise that newbies should DCA regardless of which season the market is in, I’m at some points confused because I don’t actually see DCA as that easy as it’s been presented and as such, it’s like telling a total newbie to buy bitcoin at every possible time they have the money they can afford to lose regardless of the current market price of coin

I’m just curious to know if the fact that market price of the commodity is considered when telling a total newbie to DCA?

‎ I am thinking you haven't fully understood how DCA works. Your advice that DCA is preferable to use when the market is bullish is wrong. DCA can work at  any time and at any given price , the whole idea of its working principle depends on your consistency. When you advise newbies to use DCA only  when the market is bullish, what you are trying to emphasize is that they should wait for the perfect time before buying (timing the market), that's not how DCA works.
‎
 DCA helps in balancing your buying price since you sometimes, buy when the price is high and other times when the price is low. Another good thing about DCA is that when you buy during different market conditions, e.g bullish, it ensures you keep investing as the market is rising which reduces FOMO and timing the market unnecessarily, whilst during bearish period you tend to buy more at low prices, reduces your average cost and more reduces the act of panicking during drops.
‎
Also there's no way Bitcoin can liquidate you as a spot investor as long as you aren't a trader who uses leverage. A newbie doing a simple spot DCA is just accumulating over time. Newbies should figure out their Discretionary income because that is what they will use to keep accumulating Bitcoin weekly or monthly, during market up and down phase.

[Stalker22]

~
But I really want to know that you need to have basic knowledge about Bitcoin at the beginning of investing. And I also want to know why it is necessary to have basic knowledge at the beginning of investing? You can learn even after starting investing. In this case, I would like to know your opinions and advice.

Well, I would say that not knowing the basics of Bitcoin before buying is exactly like suddenly standing in front of a moving car.

For instance, people who are new to the game love putting their money in exchanges since they seem to offer the comfort of a bank while they do not know any better.  However, lacking basic understanding of what self-custody means exposes you to huge risks of losing your money.  When an exchange such as FTX collapses, the "learn as you go" type of person understands much later that they never owned any Bitcoin but rather a "promise of Bitcoin."  But by then its too late - your money is already gone.

[As-Soon-As]

. 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.

That is why the mindset and/or investment metality matters alot. Coming into Bitcoin investment with an investment mentality becomes more profitable for a long time since such investor has an already existing long term plan or target, unlike traders who just depend on buying and selling when there is a little additional gain from there entry point or level. Such traders only think of the present, forsaking that it is more profitable if we HODL for a longer period since the price can always appreciate at anytime

Investing in Bitcoin for the long term is actually profitable, newbies may become restless after investing in Bitcoin for a few months or weeks, "but this is not a good idea at all." Rather, investing in Bitcoin for the long term is the best plan. The longer the Bitcoin investment, the more profitable it will be, in which case an investor can hold Bitcoin properly, then he will definitely be able to succeed financially in the future.
Investing in Bitcoin in the current position is quite good and a good plan, so beginners should definitely participate in Bitcoin investment because every person needs money in the future and investing in Bitcoin is definitely important to be financially successful.

[Publictalk792]

Investing in Bitcoin for the long term is actually profitable, newbies may become restless after investing in Bitcoin for a few months or weeks, "but this is not a good idea at all." Rather, investing in Bitcoin for the long term is the best plan. The longer the Bitcoin investment, the more profitable it will be, in which case an investor can hold Bitcoin properly, then he will definitely be able to succeed financially in the future.
Investing in Bitcoin in the current position is quite good and a good plan, so beginners should definitely participate in Bitcoin investment because every person needs money in the future and investing in Bitcoin is definitely important to be financially successful.

Time in the market other than timing market becomes more apparent over multi year cycles for compounding effect of fixed supply asset becomes more apparent longer one holds it. Bitcoin, in my view, is not trade, it is strategic reserve. For beginner, it should not be daily candles, but aim to develop unsellable core position. With debt and inflation on rise, Bitcoin is the only asset that will not be eroded by central bank policy and devalue your future labor. It is not just about making money, it is about obtaining purchasing power for decades to come. What attracts people to flee is the volatility which you need to disregard to find signal of long term gains.

[Charcol]

~
But I really want to know that you need to have basic knowledge about Bitcoin at the beginning of investing. And I also want to know why it is necessary to have basic knowledge at the beginning of investing? You can learn even after starting investing. In this case, I would like to know your opinions and advice.

Well, I would say that not knowing the basics of Bitcoin before buying is exactly like suddenly standing in front of a moving car.

For instance, people who are new to the game love putting their money in exchanges since they seem to offer the comfort of a bank while they do not know any better.  However, lacking basic understanding of what self-custody means exposes you to huge risks of losing your money.  When an exchange such as FTX collapses, the "learn as you go" type of person understands much later that they never owned any Bitcoin but rather a "promise of Bitcoin."  But by then its too late - your money is already gone.

Keeping Bitcoin on an exchange for a long time is really risky. And the thing you mentioned about the incident like FTX really shows people that Bitcoin on an exchange and Bitcoin in your control are not the same thing. If we don't control the private key of the Bitcoin we are buying, then in reality we don't have full control over Bitcoin, but rather it is relying on a third party. This is something that beginners should definitely learn slowly.

 But your statement is quite harsh, "not knowing the basics before buying is like standing in front of a moving car". Think about it in general, if a new person who has just decided to invest is given the condition of learning self-custody, seed phase, address, transaction fees, wallet types and exchange risks on the first day, then it is more likely that he will get bored and will not be able to start. It is possible to start small in Bitcoin, but it is a different matter to be sure of keeping a large amount of money on the exchange.

Suppose a new person is slowly buying Bitcoin from his extra investable money and still has $500 or less. In such a situation, he can keep it on the exchange until he learns, I personally do not think it is wrong. In this, he can also save on the transaction costs incurred when sending small amounts to his wallet repeatedly. And he can also send it to his own wallet after learning. But I would also say that he should not make this advantage a permanent habit.  I'm not saying that you have to keep up to $500 on the exchange, nor am I saying that you have to take $10 into your wallet immediately after buying it. I'm saying that how much the person has learned, how big the amount has become, and how much they are ready to handle their own security.

Therefore, using the exchange to start with small amounts can be a learning step. But the ultimate goal should be to control ourselves.

[sotelorene]

I want to know more about general knowledge and basic knowledge in investing. Many people are mentioning that it is necessary to have general knowledge and basic knowledge about Bitcoin at the beginning of investing.
What I know is that common knowledge is that you should never suddenly stand in front of a moving car. Another example is that you can go to the market and buy things by setting a budget, and you can calculate the money and pay for it yourself.
But I really want to know that you need to have basic knowledge about Bitcoin at the beginning of investing. And I also want to know why it is necessary to have basic knowledge at the beginning of investing? You can learn even after starting investing. In this case, I would like to know your opinions and advice.

Having basic knowledge before diving into Bitcoin investing helps avoid common pitfalls. Understanding terms like public key, private key, and wallet basics prevents issues. Also, knowing about exchanges, wallets security, and price volatility can save you from unnecessary losses

I believe the basic knowledge about Bitcoin investment are in stages and these you mentioned are actually part of it but in Bitcoin investment to be precise you don't really need to know more about exchanges because we don't need it that much because we can not save our asset in exchange as they are centralized meaning they can restrict you from having access to your asset that is why wallet is much more preferable because no one can restrict you but one ought to keep their seed phrase safe.

[Jody.Drummer]

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.

Well, it's up to each individual in my opinion, the important thing is that the goal is the same, which is to own bitcoin and prepare for a better future, but I myself don't think that the method I'm using is completely wrong.

Every person can get started accumulating bitcoin provided thy have the basic knowledge,.discretionary income and long-term mindset to accumulate bitcoin.

The above bolded part isn't really necessary for a newbie, even if he doesn't have that conviction yet, he can still get started, because it is mostly that personal conviction that mostly makes investors develop that long term mindset, and most of the time, this doesn't build up at the first stages of the investment. This is because most investors who get started often do so with the intention of sticking around for a short time, make some profits, withdraw and zoom off, so you can't tell them they can't invest, because sooner or later, they could figure out the right way themselves.

So what you are trying to say is that newbies don't need to know anything before they get started because this is what your write up entails. How logical does that sounds to you?

Basic knowledge on Bitcoin and discretionary income to start with is very important for a start, and after starting you can go for more knowledge on what is needed to be able to hold strong, like putting down emergency and reserve funds in place, just in case of real life emergencies, so I am surprised at your statement that it's not necessary to have a basic knowledge and discretionary income before starting as a newbie.

I agree with what you've said, that a basic understanding of discretionary income is crucial for getting started, as it's impossible to do it without any knowledge at all. This is the difference: some people are meticulous in preparing for something that requires careful thought before committing, then learn more while doing it. Others simply do it without any basic knowledge and only learn later.

[arwin100]

. 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.

That is why the mindset and/or investment metality matters alot. Coming into Bitcoin investment with an investment mentality becomes more profitable for a long time since such investor has an already existing long term plan or target, unlike traders who just depend on buying and selling when there is a little additional gain from there entry point or level. Such traders only think of the present, forsaking that it is more profitable if we HODL for a longer period since the price can always appreciate at anytime

Investing in Bitcoin for the long term is actually profitable, newbies may become restless after investing in Bitcoin for a few months or weeks, "but this is not a good idea at all." Rather, investing in Bitcoin for the long term is the best plan. The longer the Bitcoin investment, the more profitable it will be, in which case an investor can hold Bitcoin properly, then he will definitely be able to succeed financially in the future.
Investing in Bitcoin in the current position is quite good and a good plan, so beginners should definitely participate in Bitcoin investment because every person needs money in the future and investing in Bitcoin is definitely important to be financially successful.

Bitcoin is not actually a quick rich scheme, since that coin is long term store value. If they think about doing short term holding on Bitcoin there's tendency that they might became impatient and get lots of stress if they face the reality that Bitcoin is so volatile. Unlike if they choose long term those volatile movement they encounter will turn into growth of Bitcoin.

The long years people hold it will make their positions became more stronger. This is the reason why starting at early as they can then remain consistent with their buy will lead them to real path of success.

[PhilosopherKing]

I want to know more about general knowledge and basic knowledge in investing. Many people are mentioning that it is necessary to have general knowledge and basic knowledge about Bitcoin at the beginning of investing.
What I know is that common knowledge is that you should never suddenly stand in front of a moving car. Another example is that you can go to the market and buy things by setting a budget, and you can calculate the money and pay for it yourself.
But I really want to know that you need to have basic knowledge about Bitcoin at the beginning of investing. And I also want to know why it is necessary to have basic knowledge at the beginning of investing? You can learn even after starting investing. In this case, I would like to know your opinions and advice.

The basic knowledge that beginners need are:
> Knowing not to invest money that cannot afforded to be loose.
> Knowing that bitcoin do not bring fast profit, that it is a long time thing
> Know that bitcoin is volatility

Bitcoin is broad, and everyday their is new thing to learn in bitcoin, so person cannot learn everything about it immediately when they start. Person will have to progressively learn about it as they are ongoingly investing. For example if person started to buy and receive bitcoin, they will naturally start to be knowing how things works from there. And that is better than person who keeps waiting to know everything about bitcoin before starting.

[Obulis]

Every person can get started accumulating bitcoin provided thy have the basic knowledge,.discretionary income and long-term mindset to accumulate bitcoin.

The above bolded part isn't really necessary for a newbie, even if he doesn't have that conviction yet, he can still get started, because it is mostly that personal conviction that mostly makes investors develop that long term mindset, and most of the time, this doesn't build up at the first stages of the investment. This is because most investors who get started often do so with the intention of sticking around for a short time, make some profits, withdraw and zoom off, so you can't tell them they can't invest, because sooner or later, they could figure out the right way themselves.

Let's get some things straight up, there is going to be or create a different level of consciousness and sense of awareness and reasoning when a newbie has already developed that mindset of accepting that bitcoin is what is suitable for the long term, we can't write off about this as a necessity even though most investors came off as for the short term profit and later figured out that it is best on the long term while they have already gotten involved, there is nothing wrong telling a newbie the importance of developing a long term mindsets without allowing them to figure this out themselves, in my slangs I usually say that anyone thinking Bitcoin should think long term, trust me this will be registered in the mind of anyone thinking about Bitcoin.

Well the above bolded part is at times from the beginning and newbies who has such mindset (long-term) from the beginning are those being referred to to need just basic knowledge and discretionary funds to start Bitcoin accumulation @achalugo.
Altogether, who introduced a newbie answers it all. An investor will groom a newbie with a long-term venture mindset and a trader will brainwash a newbie with a quick gain mindset. However, overtime a newbie trader can along the line figure out the need for a long-term Bitcoin investment and even go on to stop trading as the case may be.

[Jostern]

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.

For a long term bitcoin investor it’s not only when the market is down that you can buy bitcoin and hold as you can always buy bitcoin at any market price. It’s a trader’s mindset to have the intention of waiting to buy only when the market is down and hold so that they can sell quickly when there’s a little increase in price just for a quick profit making mindset which is a very wrong approach to bitcoin investment especially as a newbie. What you only need is just to figure out a discretionary income and use the DCA method to buy regularly at any market price either weekly or monthly basis depending on how your discretionary income is flowing. And even more so as a newbie who’s just getting started In bitcoin investment all they need is just to figure out a discretionary income and get started in accumulating bitcoin and along the line they can be learning more and gain more experience as they’re ongoing buying and investing in bitcoin.

It is only those that are after quick profit that should be thinking of buying only when the price of bitcoin is down. This altitude of timing the market to buy when it is favourable is very risky since know one can predict correctly when the price of bitcoin will decline or when it will rise.
Long term investors shouldn't buy only when the market is down before holding bitcoin. They can buy at any price since they are not thinking of quick profit.

Buying through the DCA techniques isn’t something we should be considering as a new investor, and I think most of the people who are more interested in buying bitcoin through the dip are those who are interested in short term gains and getting profits, because they knows there is always going to be a dip with so they will be speculating about the price of bitcoin in the market, I believe someone who is interested in long term investment would not be interested in buying bitcoin when the price must have dropped, consistent buying and accumulating of bitcoin should be the most priority as a long term investor.

[Achalugo BTC]

Let's get some things straight up, there is going to be or create a different level of consciousness and sense of awareness and reasoning when a newbie has already developed that mindset of accepting that bitcoin is what is suitable for the long term, we can't write off about this as a necessity even though most investors came off as for the short term profit and later figured out that it is best on the long term while they have already gotten involved, there is nothing wrong telling a newbie the importance of developing a long term mindsets without allowing them to figure this out themselves, in my slangs I usually say that anyone thinking Bitcoin should think long term, trust me this will be registered in the mind of anyone thinking about Bitcoin.

Indeed, there is nothing wrong with educating newbies and prepping them on what lies ahead, but telling them that these things are a must have before they can get started in bitcoin investment is what is wrong, that is what is meant for them to figure out thmeselves, because the truth is that you can't really control people, and not like you are meant to sugar coat or sweet talk newbies to compel them to invest, No that's not it, but you really don't wanna compel anyone to make any decisions they are not ready to make.

[Bright0515]

Well, I would say that not knowing the basics of Bitcoin before buying is exactly like suddenly standing in front of a moving car.

Actually I understand your points clearly but you make it sound more like it's too risky when you said the comment on the bold part of your statement. However this statement feels like you are trying to scare people from buying Bitcoin because they don't have full knowledge about it. As a matter of fact, one can start buying Bitcoin through their
discretionary income and common sense. I guess making a little research will literally help someone understand that storying Bitcoin on an exchange for a very long period of time is not safe but that doesn't mean they can store even as low as $50 BTC on it for a while (few days or a week).

Actually I get it that we are not investing and accumulating or let's say holding Bitcoin for a short period of time, but what I'm trying to say is that if a beginner doesn't know how risky it is to store huge amount of funds (BTC) on an exchange, they can do a little research about it and it won't take them up to a whole day to know this.

Secondly, a self- custodian wallets too are still risky because if you also lose your seed phrase you can not long have access to it anymore, same way an exchange can be hacked or something that can literally make you lose access to your funds (Bitcoin). Based on my point of view, you have also painted all the exchanges black or unsafe for everyone but I don't think so.

The truth of the matter is that a beginner can literally understand an exchange faster than understanding a wallet, so if they start buying Bitcoin and storing it there for a few days while they learn how to make use of a wallet and how to deposit from an exchange to their wallet, it won't stop them from buying at any price. They learn small, and they also witnessed the market at the same time. The reason why I said a beginner can quickly understand an exchange too easily when compared to a wallet is literally because of the fact that they also need technical understanding and how to secure their assets (seed phrase), so it requires a whole lot of works.

[Zanab247]

. 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.

That is why the mindset and/or investment metality matters alot. Coming into Bitcoin investment with an investment mentality becomes more profitable for a long time since such investor has an already existing long term plan or target, unlike traders who just depend on buying and selling when there is a little additional gain from there entry point or level. Such traders only think of the present, forsaking that it is more profitable if we HODL for a longer period since the price can always appreciate at anytime

Some of the professional investors you are seeing in the community today made up their mind to achieve the knowledge before involving money on BTC investment and they are doing well to encourage others newbies investors to go for the knowledge before involving money on BTC.  You can only experience such behavior from newbies investors, because they don't have the mind to endure to hodl their BTC more than five years or six years before they can sell to secure what they wish because they will be afraid of the market than to conclude to sell immediately.

I know is not easy to choose DCA method to accumulate BTC, because it require money and if you don't have enough don't just involve your money because sometimes the price of BTC can remain low through out the year and if there are financial issues at the moment it can make you enter the market to sell your BTC not to achieve your goal.