Don't jump into bitcoin investment without understanding it.

[len01]

Sometimes someone makes it difficult for themselves to understand what we don't know before with various theories that are difficult to do. While in terms of investing in bitcoin it is not something difficult. Someone only needs to understand what bitcoin is and how the bitcoin price has traveled since 2009 until today. That way, a new investor can think about how he understands how bitcoin works and certainly understands faster that BTC can be used as a long-term investment to get big profits.

[Faisal2202]

As much as we need patience, establishing our knowledge and comprehension on the investment of our choice are the keys on any aspect of investment. Note that, we can’t invest and take the risk, and make possible future profits what we don’t know from the very beginning. Learning and understanding are a must, patience and diligence should develop next in order to create a more safe, secured and profitable investment.

Agreed we cannot overlook the knowledge factor as if we don't have the knowledge then it means we don't know how much potential BTC have and we are just keeping blind patience, which won't last more than a cycle, therefore, until we don't have the right knowledge about BTC we really can't hold it for too long, we can only hold it for time without any knowledge if some trusted person asked you to.

But with time, and more loses we will lose patience and sell in lose. So, yeah from the very beginning, we have to learn it, understand it then invest in it, and even with time we have to study the new upgrades and security risks so we could be prepare for the good and for the worst too.

[Ever-young]

People have to choose on how they're going to initiate investing into Bitcoin. Because if they keep on doing their research when they have the money and they don't think yet of buying it, that guy will miss a lot of good moments for bitcoin. And with the other one, that just bought bitcoin and then later on helped himself out in DYORing. He's gonna have a better result than the others but we don't tolerate investing without proper research but that latter guy will also understand it just like how OP is saying that he'll adopt that eventually.

That’s why sometimes while you are looking for money to invest in something before the money comes you can start making your research about the thing to save yourself the stress of making that research when you have the money to invest which could lead to missing lot of buying opportunities, but their are times when you hit some money which you didn’t plan for or it comes earlier than expected you can just buy and learn about it later as it can take someone just few minutes of research to get basis’ knowledge of how to buy and later learn other things they need to know why they are already an investor.

And we have to be responsible for any action that we do with our money. If we're the type that always does the research then we'll earn it and the same goes for the type that doesn't do it and take actions without prior research. There is so much to learn while searching for things as an investor because not everyone is going to teach us from the very start. We have to experience things so we'll learn from them and we'll be the ones to compare on how it goes being educated and known to the investment that we're taking compared to not.

You’re correct, if the person is not ready to take sole responsibility of what ever decision they take for their money which is invested in Bitcoin then the person is not ready for any form of investment at all not just Bitcoin, some people are greedy with their information even when it will cost them nothing to share they will still not share with you the basis that’s why even when you have who is willing to teach you making your own research is also always advisable to help you gain the knowledge you want.

[Negotiation]

Before investing in bitcoin you should proceed with complete knowledge and planning. If you do not have any knowledge and experience you will never get good results. Understand the market conditions the price of bitcoin is very volatile and its price can change rapidly. Therefore you should understand the amount of risk while investing if you want to invest in bitcoin you should have a long term perspective. This will create the ability to withstand market fluctuations.

[Sticky Bomb]

because starting may not be a problem but holding may be a problem, because you are to hold bitcoin for a long period of time 4 to 10 years or more.

what's too complex to learn about holding your Bitcoin? it is not even about learning a thing but just deciding that you are investing for the long term and that's it. unlike trading that if you do a wrong analysis will yield a loss, you don't need all that if you aim to invest in Bitcoin and that is the reason why there is not a lot to learn before getting started in Bitcoin investment. I can bet that a novice can learn about Bitcoin investment in less than an hour and get started but it will take a lot of you are considering any form of trading.

there's not much to learn with bitcoin investment, just learn the basics, get started and the rest is just your ability to manage your emotions so you can stay invested for the long term.

Holding Bitcoin is challenging actually since you'll have to discipline yourself not to tamper with your portfolio and keep Striving to get better with your cashflow management abilities in order to continue accumulating to reach your accumulation target and also building your backup funds to serve as a lifeline for your holdings.

Tampering with your holdings is always evident of lack of funds, so if you build your emergency fund and variances of backup funds and replenish them as soon as any gets depleted, you can actually go for seamless long-term holding.

[Zadicar]

Want to invest in bitcoin or anything else, you need to understand the characteristics of the investment instrument, don't just put your money in an asset but you don't understand the risks. Moreover, bitcoin tends to be more volatile and its price movements cannot be predicted in the short term, making the wrong decision then the investor will sell their assets at the wrong time causing them to lose money due to their carelessness. Increase your knowledge and read more often, especially if you are a user on this forum, there are some good threads for you to read to increase your knowledge of investing in bitcoin.

That is the essential point, everything you want to do in this world if we don't understand is better, it will be extremely tough for you to succeed on it. Bitcoin investment is really good investment, but you won't know the benefits. Expect to have a thorough understanding of it and to devote time to studying it. Anything you do is risky, but you must know what type of risk you will take.  They understand the type of risk that, if taken, will result in a total loss. Investing in something you don't know anything about, you just hear it's making a lot of money, and you know you're going to lose, and trading if you don't know anything about it, you're going to lose because you have no idea what you're doing.With no expertise and no strategy, you will undoubtedly lose since you lack comprehension of the situation. Bitcoin if you understand it and invest in it, means that he will reduce your risk because you know how he operates and what types of money you will be risking. This will reduce danger because you know what you're doing.

I highly agree on what you have said that everything should really be needing up to understand before you would really be engaging with it and not really just diving in without doing your assignment like having research or even having the slightest idea, then you are really just that doing gambling and this should really be avoided. When dealing up with investment then you should really be needing up to understand and its common sense that you do need to do all the things that you do really need to know on which means that effort will really be that recommended on trying out to search up on everything and not really just that investing or doing some steps on which you dont even know on what you are doing. You are just basically doing gambling on this case if you are really having such approach. Always be mindful about on the necessary steps and on the actions on which you will be needing up to consider so that you will be able to find yourself that more effective on what you've been doing but expect that not everything could be perfected out.

[DiMarxist]

The only thing I will say here is the patient aspect of the investment. Those who are not knowledgeable can invest in bitcoin and all what they have to do is patient and self control. But the dip and hodle. Bitcoin is for everyone but determination is needed to invest in bitcoin. Bitcoin investment is not a rich quick business scheme but it is a process to wait.
There are some people that asked the knowledgeable people to invest for them but the wallet is with the owner and the seed phrase is with the person as well. The person who is buying always monitor the market for them and tell them what to do at all time. If you are not knowledgeable you ask someone to invest for you and if you know it, you invest by yourself. It is your seriousness determine it.

[Rabata]

The only thing I will say here is the patient aspect of the investment. Those who are not knowledgeable can invest in bitcoin and all what they have to do is patient and self control. But the dip and hodle. Bitcoin is for everyone but determination is needed to invest in bitcoin. Bitcoin investment is not a rich quick business scheme but it is a process to wait.
There are some people that asked the knowledgeable people to invest for them but the wallet is with the owner and the seed phrase is with the person as well. The person who is buying always monitor the market for them and tell them what to do at all time. If you are not knowledgeable you ask someone to invest for you and if you know it, you invest by yourself. It is your seriousness determine it.

An investor does not need to know much when investing in Bitcoin, but if he does not know the basics, he will not be able to gain a good understanding of Bitcoin. In other investment projects, the investor needs to know various things. When the market is up or when it is down, etc., he needs to have a good idea about things. But if someone only tries to hold Bitcoin, especially if he tries to hold Bitcoin for the long term with little knowledge, he will benefit. That is why long-term investors have relatively low risk when investing in Bitcoin. If you know how to keep Bitcoin safe and how to keep control of your wallet with yourself, the investor can be completely safe.

[cxtreenal]

Before investing in bitcoin you should proceed with complete knowledge and planning. If you do not have any knowledge and experience you will never get good results. Understand the market conditions the price of bitcoin is very volatile and its price can change rapidly. Therefore you should understand the amount of risk while investing if you want to invest in bitcoin you should have a long term perspective. This will create the ability to withstand market fluctuations.

Tolerance for the Bitcoin market is more important for investors. Having the idea that the Bitcoin market is volatile is a forewarning for every investor about the future. It may not be mandatory for you to have full knowledge but you should have a 4-10 year consideration to avoid risk before investing. New investors who are interested in investing want to buy Bitcoin without experience before they understand it properly. It would be smart for them. Then they should invest considering short-term risks. If you want to invest in Bitcoin after gaining full knowledge it may be too late so focus on being experienced along with investing.

[wmaurik]

The only thing I will say here is the patient aspect of the investment. Those who are not knowledgeable can invest in bitcoin and all what they have to do is patient and self control. But the dip and hodle. Bitcoin is for everyone but determination is needed to invest in bitcoin. Bitcoin investment is not a rich quick business scheme but it is a process to wait.
There are some people that asked the knowledgeable people to invest for them but the wallet is with the owner and the seed phrase is with the person as well. The person who is buying always monitor the market for them and tell them what to do at all time. If you are not knowledgeable you ask someone to invest for you and if you know it, you invest by yourself. It is your seriousness determine it.

Patience and knowledge are certainly needed before deciding to invest in Bitcoin because without having knowledge and patience it is certainly difficult to maintain the asset in the long term and if someone thinks that investing in Bitcoin will make them rich easily, of course this is very wrong because without making the investment consistently and choosing to survive in the long term, it is certainly difficult to make a profit from the investment.

If we entrust this investment to someone else, of course it will be very risky and it would be better if we try to learn about the investment ourselves and when we understand it, we can invest in Bitcoin. Of course this will be better than relying on other people to invest in it and it is true as you said if we are serious about studying this investment, of course it will be easy to do it ourselves.

[Scarlett_23]

I came to understand that, many people jump into bitcoin investment, because they heard bitcoin investment is more profitable and less risky than trading, without knowing that as trading requires funds, and some techniques, bitcoin investment requires even more, bitcoin investment requires funds, patience, strategies, time, knowledge, understanding, emotion control and many more.

If you don't understand bitcoin you will panic and sell in looses. before investing in bitcoin it is very essential to take your time to understand the risks involved, underlying technology and market dynamics, by understanding this three factors you will invest in bitcoin without fear and panic, because fear and panic has hindered many investors from making good profits from bitcoin.

Though many will say since you have the funds you can start investing in bitcoin along the line you will start understanding and adopting to the system, but less face reality bitcoin investment is not all about how you start, is how you can be able to hold your bitcoin investment for a long period of time, because starting may not be a problem but holding may be a problem, because you are to hold bitcoin for a long period of time 4 to 10 years or more.

You don't need to learn much to invest in Bitcoin. You can invest in Bitcoin only if you have basic knowledge about it. Bitcoin is a currency where you can learn about it while investing. However, a lot of knowledge and experience is required while trading.

If you are not skilled in market fluctuations, it is not possible to compete with skilled traders.

[Zoomic]

You don't need to learn much to invest in Bitcoin. You can invest in Bitcoin only if you have basic knowledge about it. Bitcoin is a currency where you can learn about it while investing. However, a lot of knowledge and experience is required while trading.

If you are not skilled in market fluctuations, it is not possible to compete with skilled traders.

There are certain things prospective investors should learn before investing. These include how to buy Bitcoin themselves, how to store their Bitcoin, how to secure their wallets and prevent unauthorized access, how to avoid scammers, and finally, how to manage the risks involved in investing in Bitcoin. Every other technical aspect of Bitcoin can be learnt while already investing.

Those who fail to learn these things risk experiencing huge losses or even falling victim to scammers. Those who invest without trying to understand what Bitcoin is are not truly intentional about their decision to invest in Bitcoin. They are simply responding to the hype around Bitcoin and the misconception that it is a get-rich-quick scheme. If these people are not lucky, they will learn the hard way.

[Oluwa-btc]

Bitcoin is not like the regular investments we often opted in for in the traditional investment settings, this is entirely different from that, we have to make use of our personal ideas in learning more about what bitcoin is and how we could safely invest in it for our own profit, some could go into bitcoin without knowing anything about how it works, then later do they realized they have been wrong for a while.

Bitcoin investments carries plenty risks and it's not advisable to venture into Investment with no proper knowledge and understanding of how the stuffs is been handled.There're fundamental investments decisions that are associated with risks and can lead to insignificant consequences and losses.Some security exchanges can be subject to Vulnerable hacking and security difficulties and phishing activities can eventually ruin your confidence and risk tolerance levels.

[Rockstarguy]

I came to understand that, many people jump into bitcoin investment, because they heard bitcoin investment is more profitable and less risky than trading, without knowing that as trading requires funds, and some techniques, bitcoin investment requires even more, bitcoin investment requires funds, patience, strategies, time, knowledge, understanding, emotion control and many more.

Many will say they prefer investing bitcoin than trading bitcoin because investing bitcoin is not as risky as when you trade, yes it is true. Going into investing of bitcoin if uou don't understand the principles and not ready to hodl bitcoin,  it is possible thag you will be getting nothing from your investment by the  end of the day. Investing bitcoin is all about patience, discipline and if you are not discipline to hold to your decision it is possible to go contrary.

Bitcoin investment you may not have anything to do with knowing market analysis and others   but once your patience is not good enough to hodl and not discipline enough to force yourself to hodl, then one will always struggle trying to invest bitcoin.

[DiMarxist]

The only thing I will say here is the patient aspect of the investment. Those who are not knowledgeable can invest in bitcoin and all what they have to do is patient and self control. But the dip and hodle. Bitcoin is for everyone but determination is needed to invest in bitcoin. Bitcoin investment is not a rich quick business scheme but it is a process to wait.
There are some people that asked the knowledgeable people to invest for them but the wallet is with the owner and the seed phrase is with the person as well. The person who is buying always monitor the market for them and tell them what to do at all time. If you are not knowledgeable you ask someone to invest for you and if you know it, you invest by yourself. It is your seriousness determine it.

Patience and knowledge are certainly needed before deciding to invest in Bitcoin because without having knowledge and patience it is certainly difficult to maintain the asset in the long term and if someone thinks that investing in Bitcoin will make them rich easily, of course this is very wrong because without making the investment consistently and choosing to survive in the long term, it is certainly difficult to make a profit from the investment.

If we entrust this investment to someone else, of course it will be very risky and it would be better if we try to learn about the investment ourselves and when we understand it, we can invest in Bitcoin. Of course this will be better than relying on other people to invest in it and it is true as you said if we are serious about studying this investment, of course it will be easy to do it ourselves.

Yes the both are needed but the major thing needed is the patient because someone who is interested to invest in Bitcoin and he might knowledge on bitcoin but inpatient might ended him lossing his Bitcoin when he can't wait for a certain time and hurry to sell in the weak price and he will loss or and if he didn't lose he will not gain much. And those who invested and complaining are impatient investors.
As I have said those who are not knowledgeable but have heard the potential of Bitcoin and likes to invest but no knowledge because they are illiterate and what they do is to give their funds to someone and the person would be investing for them.

[Princess Leah]

Patience and knowledge are certainly needed before deciding to invest in Bitcoin because without having knowledge and patience it is certainly difficult to maintain the asset in the long term and if someone thinks that investing in Bitcoin will make them rich easily, of course this is very wrong because without making the investment consistently and choosing to survive in the long term, it is certainly difficult to make a profit from the investment.

If we entrust this investment to someone else, of course it will be very risky and it would be better if we try to learn about the investment ourselves and when we understand it, we can invest in Bitcoin. Of course this will be better than relying on other people to invest in it and it is true as you said if we are serious about studying this investment, of course it will be easy to do it ourselves.

Yes the both are needed but the major thing needed is the patient because someone who is interested to invest in Bitcoin and he might knowledge on bitcoin but inpatient might ended him lossing his Bitcoin when he can't wait for a certain time and hurry to sell in the weak price and he will loss or and if he didn't lose he will not gain much. And those who invested and complaining are impatient investors.
As I have said those who are not knowledgeable but have heard the potential of Bitcoin and likes to invest but no knowledge because they are illiterate and what they do is to give their funds to someone and the person would be investing for them.

You've said well DiMarxist, their are lots of things that's needed when it comes to Bitcoin investment like steady income, idea about it, discipline but the most important of them is patience, it's that driving force that would keep an investor going for a longer period, without patience I don't think lots of devoted investor would be able to hold for a full circle but patience kept them going, being patient would make an investor know more about Bitcoin investment on the long run.

 Many investors have sold at lose cause they were not very patient to keep going some where foolish enough to sell everything after they tried to hold for a full circle while the wise ones would only sell some portions and continue with their investment, Bitcoin is a lifetime investment and patience is highly need when it comes to investing on it, thats what every intending investor should know better going into it.

[mirakal]

Sometimes someone makes it difficult for themselves to understand what we don't know before with various theories that are difficult to do. While in terms of investing in bitcoin it is not something difficult. Someone only needs to understand what bitcoin is and how the bitcoin price has traveled since 2009 until today. That way, a new investor can think about how he understands how bitcoin works and certainly understands faster that BTC can be used as a long-term investment to get big profits.

You know bitcoin shouldn’t be a complicated topic nor too difficult to understand. If someone knows the basics, that’s it. However, knowing bitcoin and understanding it cannot guarantee future success and profitability. There’s more to that. Patience is way more crucial than mere knowledge and understanding. If one cannot be patient, then obviously he won’t be a profitable bitcoin investor or hodler someday.

[TheUltraElite]

You know bitcoin shouldn’t be a complicated topic nor too difficult to understand. If someone knows the basics, that’s it. However, knowing bitcoin and understanding it cannot guarantee future success and profitability. There’s more to that. Patience is way more crucial than mere knowledge and understanding. If one cannot be patient, then obviously he won’t be a profitable bitcoin investor or hodler someday.

I think the basics are important so is a little bit of the advanced parts too. It is true that there will be things we do not understand however making money from bitcoin essentially means using it for trading or long term investments. For that a deeper delving into the intricacies of bitcoin might not be needed but securing the wallet software should always be done.

I think most traders lose money with the chase of get-rich-quick schemes.  As long as people dont go for that they should be fine.

[AYOBA]

I came to understand that, many people jump into bitcoin investment, because they heard bitcoin investment is more profitable and less risky than trading, without knowing that as trading requires funds, and some techniques, bitcoin investment requires even more, bitcoin investment requires funds, patience, strategies, time, knowledge, understanding, emotion control and many more.

It’s not even advisable to for a protocol jump into the any investment without a little knowledge or understanding not only the Bitcoins investment, although that where their risks they will be a benefit as some peoples stated that the Bitcoins investment is more better then a trading since the risks is limit; and that’s what is encouraging a lot of people to jump in to the Bitcoin investment market main while it also some deserves techniques.

When it comes to invest in the Bitcoins having a patient and emotional control is very important, because there’s know way a person can be in bitcoins investments without sufficient control of emotions and and patient; how can he/she can able to control his market I think it will be very difficult to have a right market stability.

[leonair]

Learning or knowing about Bitcoin is not a very complex matter. Anyone can easily learn about Bitcoin and understand its past history. Investing in ARB does not require much analysis. Because holding alone is enough to get a good profit from Bitcoin. Only those who are patient and can hold Bitcoin for a long time should invest in Bitcoin. Bitcoin is a powerful asset that never loses if you hold it. However, if someone thinks that Bitcoin can make someone rich very quickly and if someone invests with that intention, it will not bring good results for him. Those people who cannot hold their investment there patiently should not invest in Bitcoin.