Balancing Financial security and Bitcoin Accumulation

[Female King]

If we have general knowledge about Bitcoin, then we can start investing.

You don't need that general knowledge about bitcoin before you can start investing doing this will chop up whole of your buying opportunity and time you know that learning never end so there is not actually end point about bitcoin so once the basic knowledge about bitcoin is there and your discretionary income is also available then kick start with your investment and gradually learn more about bitcoin as you continue buying with the dca strategy and hodl for 4-10 and more.

[Xackie]

Therefore, before investing, understanding the entire system including its security properly, investing responsibly and benefiting from it is the real value of investment.

If you don't start buying bitcoin there are several things you will never understand about bitcoin, if you want to understand the system about bitcoin investment before getting started you will miss many buying opportunity by trying to know more which you won't even know so the best way to get started is having some basic knowledge about bitcoin and also having your discretionary income available then as you are investing you are also learning more about bitcoin.

The best way to learn more about Bitcoin is when you are actually investing (you can start small at first then proceed to increase your accumulating amount). At times we should know that understanding something doesn't come from theory alone, but from actually participating and observing how the market is behaving (not reacting to every market moves which makes you panic) while you've already invested your money into it. That's when you will notice some improvement in terms of your experience   (Through the process of learning from the little mistakes you have committed) , your knowledge would have grown deeper and moreover your decision making becomes more disciplined. Waiting to have the proper knowledge or understanding before investing  can delay the learning process itself, since experience often teaches what theory cannot.

[Tetu100]

Sometimes i don't blame investors that always come with the idea of understanding the entire system of Bitcoin, because it is a wrong foundation that was lay from the day one he was introduced to Bitcoin, assuming he was told earlier not wait to learn everything about Bitcoin, you will not see reasons why an investors we still have the mindset of  waiting until he knows everything about Bitcoin before thinking of investing, most investors and more specially JayJuanGee has made the clear to all investors that are still having such mindset, should know that you just need a basic knowledge about Bitcoin to invest and learn while you proceed with your buying and accumulating journey.

Most times, those that always wait to know everything about bitcoin before investing are mostly people that are not in any way ready to invest in bitcoin. Perhaps they were just chasing cloud when they came up with the idea of investing. Because bitcoin investment is way bigger to know it all on a go, meaning much time is required to get along with it and offcourse we can't just be waisting time or waiting all because we intend learning deeper, it is better we invest while  keep learning at the process and that's the right thing to do to avoid missing out opportunities.  However, all we need to get started is just our discretionary funds  and nothing much, every other necessary things we need to put in place will follow along side our investment process.

[Hardyrobust]

Sometimes i don't blame investors that always come with the idea of understanding the entire system of Bitcoin, because it is a wrong foundation that was lay from the day one he was introduced to Bitcoin, assuming he was told earlier not wait to learn everything about Bitcoin, you will not see reasons why an investors we still have the mindset of  waiting until he knows everything about Bitcoin before thinking of investing, most investors and more specially JayJuanGee has made the clear to all investors that are still having such mindset, should know that you just need a basic knowledge about Bitcoin to invest and learn while you proceed with your buying and accumulating journey.

It is pointless and needless for any person to be delaying their self indefinitely just because they are trying to lean about bitcoin. It is not possible for person to know everything about bitcoin at a stretch and that is because Bitcoin is very broad and when person wait before they invest, it can make the person to delay from taking the action of beginning their ongoing investment

Person learn bitcoin better when they invest ongoingly. And learning and investing can even be done side by side. So a person can start with a amount that is small and then accumulate ongoingly and continue to build their knowledge alltogether along the way

it's indeed a bad idea to delay or not invest in bitcoin because of wanting to gather every knowledge about bitcoin before starting while still remaining a no coiner. Some people may end up not investing at all because they will continue procrastinating and making up excuses. Instead of them to use the available discretionary income to start there bitcoin investment and then expands there knowledge about bitcoin as they go on with there bitcoin investment.

[I_Anime]

If we have general knowledge about Bitcoin, then we can start investing.

You don't need that general knowledge about bitcoin before you can start investing doing this will chop up whole of your buying opportunity and time you know that learning never end so there is not actually end point about bitcoin so once the basic knowledge about bitcoin is there and your discretionary income is also available then kick start with your investment and gradually learn more about bitcoin as you continue buying with the dca strategy and hodl for 4-10 and more.

There’s a reason why most time we advised folks to start once they have acquired the basic knowledge, is because before going into any form of investment you have to understand what you are going into. Because some time some folk don’t know what they are getting themselves into , which sometimes will affect their investment because they where not mentally prepared for what’s to come .

Going for general knowledge will only delay your investment growth because is not easy to acquires , we are literally talking about learning the history , finance and technical aspect of bitcoin. Like I said already it won’t be an easy task but understand the basic concepts of bitcoin won’t take much time .

[ASloveapg]

Sometimes i don't blame investors that always come with the idea of understanding the entire system of Bitcoin, because it is a wrong foundation that was lay from the day one he was introduced to Bitcoin, assuming he was told earlier not wait to learn everything about Bitcoin, you will not see reasons why an investors we still have the mindset of  waiting until he knows everything about Bitcoin before thinking of investing, most investors and more specially JayJuanGee has made the clear to all investors that are still having such mindset, should know that you just need a basic knowledge about Bitcoin to invest and learn while you proceed with your buying and accumulating journey.

It is pointless and needless for any person to be delaying their self indefinitely just because they are trying to lean about bitcoin. It is not possible for person to know everything about bitcoin at a stretch and that is because Bitcoin is very broad and when person wait before they invest, it can make the person to delay from taking the action of beginning their ongoing investment

Person learn bitcoin better when they invest ongoingly. And learning and investing can even be done side by side. So a person can start with a amount that is small and then accumulate ongoingly and continue to build their knowledge alltogether along the way

it's indeed a bad idea to delay or not invest in bitcoin because of wanting to gather every knowledge about bitcoin before starting while still remaining a no coiner. Some people may end up not investing at all because they will continue procrastinating and making up excuses. Instead of them to use the available discretionary income to start there bitcoin investment and then expands there knowledge about bitcoin as they go on with there bitcoin investment.

These are just excuses, we don't need much before starting to invest. Just gain common sense and continue investing with discretionary income, that's all. The more excuses you give before starting to invest, the more it will only delay you. It is better to start investing as soon as possible, waiting to learn everything about Bitcoin is never the right decision, and waiting for the price to drop is also a big mistake that many people make.
So, instead of these, you have to make a decision to invest consistently, prepare and create a mindset to keep the investment stable in the long term, and you can start as quickly as possible in a very simple way, start by gaining common sense and gain practical knowledge while continuing to invest, then it is better.

[Joeboy]

Starting to accumulate bitcoin will even encourage people to learn about it as well, it's easier for someone who has already started buying bitcoin to learn more about it than it is for someone who hasn't started yet, someone who has already started investing will have more interest since their money is already there snd they want to make sure they are doing it the right way, someone who hasn't started investing yet might still be gathering knowledge but won't be as fully committed as someone who's already accumulating bitcoin.
Starting is very important, it's pointless to gather all the knowledge there is to gather if the person ends up not even investing in bitcoin at the end of the day.

There is no way to gather or be truly Knowledgeable about Bitcoin when you aren't investing... And so self exclusion cannot make anyone to be knowledgeable about Bitcoin and that's coz Bitcoin is best learnt true an actual involvement... And the truth about folks who depend solely on theoretical knowledge is that they wouldn't be exposed all there is to know, and as such, such an individual will find it difficult properly understand volatility and how to stay calm during price dips and bearish seasons...

[Tonimez]

Starting to accumulate bitcoin will even encourage people to learn about it as well, it's easier for someone who has already started buying bitcoin to learn more about it than it is for someone who hasn't started yet, someone who has already started investing will have more interest since their money is already there snd they want to make sure they are doing it the right way, someone who hasn't started investing yet might still be gathering knowledge but won't be as fully committed as someone who's already accumulating bitcoin.
Starting is very important, it's pointless to gather all the knowledge there is to gather if the person ends up not even investing in bitcoin at the end of the day.

There is no way to gather or be truly Knowledgeable about Bitcoin when you aren't investing... And so self exclusion cannot make anyone to be knowledgeable about Bitcoin and that's coz Bitcoin is best learnt true an actual involvement... And the truth about folks who depend solely on theoretical knowledge is that they wouldn't be exposed all there is to know, and as such, such an individual will find it difficult properly understand volatility and how to stay calm during price dips and bearish seasons...

You're very correct because theory is quite different from practical and until you start accumulating bitcoin, you won't really understand what it means to panic during volatility. When you're fully into bitcoin investment, you tend to have a better view about financial discipline and your success will completely depend on how you handle dips and how financially disciplined you've trained your self to be.

Depending on print media or online lectures should only expose you to the basic knowledge of bitcoin, but the real knowledge and feeling comes with the investment stage because that is when you will go through the thick and thin to test it you are serious or not.

[Edited out]

These are just excuses, we don't need much before starting to invest. Just gain common sense and continue investing with discretionary income, that's all. The more excuses you give before starting to invest, the more it will only delay you. It is better to start investing as soon as possible, waiting to learn everything about Bitcoin is never the right decision, and waiting for the price to drop is also a big mistake that many people make.
So, instead of these, you have to make a decision to invest consistently, prepare and create a mindset to keep the investment stable in the long term, and you can start as quickly as possible in a very simple way, start by gaining common sense and gain practical knowledge while continuing to invest, then it is better.

Can a person really learn everything about bitcoin before going into bitcoin investment? The truth is that folks who claim to be waiting to learn everything about bitcoin before starting their investments are not yet ready to invest in bitcoin. They could even end up never investing in bitcoin because they will never get enough knowledge about bitcoin since even folks that invest in bitcoin don't even have complete information about bitcoin. In my over one year of searching through this forum, I have seen folks that have been in bitcoin investment since over 10 to 15 years ago but I have never seen anyone that claims to have learned everything about bitcoin. If anyone understands bitcoin and it's volatility wholesomely, then bitcoin would loose its genuity.

The real knowledge is knowing that bitcoin is volatile and understanding that the longer you hold bitcoin the better chances you have to make a profit and that you're to invest with the amount of money you can afford to HODL (discretionary income). Any other knowledge is what you can gain when you are already into bitcoin investment instead of wasting your time thinking that you are learning everything about bitcoin.

[Ashawowo(OS)]

Starting to accumulate bitcoin will even encourage people to learn about it as well, it's easier for someone who has already started buying bitcoin to learn more about it than it is for someone who hasn't started yet, someone who has already started investing will have more interest since their money is already there snd they want to make sure they are doing it the right way, someone who hasn't started investing yet might still be gathering knowledge but won't be as fully committed as someone who's already accumulating bitcoin.
Starting is very important, it's pointless to gather all the knowledge there is to gather if the person ends up not even investing in bitcoin at the end of the day.

There is no way to gather or be truly Knowledgeable about Bitcoin when you aren't investing... And so self exclusion cannot make anyone to be knowledgeable about Bitcoin and that's coz Bitcoin is best learnt true an actual involvement... And the truth about folks who depend solely on theoretical knowledge is that they wouldn't be exposed all there is to know, and as such, such an individual will find it difficult properly understand volatility and how to stay calm during price dips and bearish seasons...

In addition to what you've said, delaying your investment and focusing on getting as much theoretical knowledge as possible can lead to decision fatigue, and this is an overwhelming state whereby you are now confused on which decision to take due to having procrastinated about starting so much that the negativity in your mind surpassed the positive thought about bitcoin. Delay in taking the right step leads to decision fatigue and in such a state, the person may no longer be able to convince himself  enough to start his investment and the possibility of totally missing out on it is high. So it is very important to start your investment journey as soon as you've discretionary income and know how to buy.

[Hardyrobust]

Starting to accumulate bitcoin will even encourage people to learn about it as well, it's easier for someone who has already started buying bitcoin to learn more about it than it is for someone who hasn't started yet, someone who has already started investing will have more interest since their money is already there snd they want to make sure they are doing it the right way, someone who hasn't started investing yet might still be gathering knowledge but won't be as fully committed as someone who's already accumulating bitcoin.
Starting is very important, it's pointless to gather all the knowledge there is to gather if the person ends up not even investing in bitcoin at the end of the day.

There is no way to gather or be truly Knowledgeable about Bitcoin when you aren't investing... And so self exclusion cannot make anyone to be knowledgeable about Bitcoin and that's coz Bitcoin is best learnt true an actual involvement... And the truth about folks who depend solely on theoretical knowledge is that they wouldn't be exposed all there is to know, and as such, such an individual will find it difficult properly understand volatility and how to stay calm during price dips and bearish seasons...

It won't be a good idea to anyone to prioritise gaining knowledge about bitcoin first before they can start accumulating bitcoin while still remaining a no coiner. There is chances of missing out in market opportunities.
The best way for anyone to learn about bitcoin is to invest in it, by so doing there awareness about bitcoin investment will definitely increase than when they are not investing in it.

[Female King]

Starting to accumulate bitcoin will even encourage people to learn about it as well, it's easier for someone who has already started buying bitcoin to learn more about it than it is for someone who hasn't started yet, someone who has already started investing will have more interest since their money is already there snd they want to make sure they are doing it the right way, someone who hasn't started investing yet might still be gathering knowledge but won't be as fully committed as someone who's already accumulating bitcoin.
Starting is very important, it's pointless to gather all the knowledge there is to gather if the person ends up not even investing in bitcoin at the end of the day.

There is no way to gather or be truly Knowledgeable about Bitcoin when you aren't investing... And so self exclusion cannot make anyone to be knowledgeable about Bitcoin and that's coz Bitcoin is best learnt true an actual involvement... And the truth about folks who depend solely on theoretical knowledge is that they wouldn't be exposed all there is to know, and as such, such an individual will find it difficult properly understand volatility and how to stay calm during price dips and bearish seasons...

It won't be a good idea to anyone to prioritise gaining knowledge about bitcoin first before they can start accumulating bitcoin while still remaining a no coiner. There is chances of missing out in market opportunities.
The best way for anyone to learn about bitcoin is to invest in it, by so doing there awareness about bitcoin investment will definitely increase than when they are not investing in it.

To know more about what ever it's good start it first so in bitcoin we can't get the general knowledge with out first getting started for there is no point waiting to be learning when you can be in the market buying and learning as well, what that is needed to start investing in bitcoin is having discretionary income, discretionary income is what an investor needed to get started and some basic knowledge and not by trying to gather all knowledge before investing in bitcoin for this has turn more persons to be a no coiner because the more to try learning with starting the more get confused and misses good buying opportunity.

[GIF-JOBS]

Starting to accumulate bitcoin will even encourage people to learn about it as well, it's easier for someone who has already started buying bitcoin to learn more about it than it is for someone who hasn't started yet, someone who has already started investing will have more interest since their money is already there snd they want to make sure they are doing it the right way, someone who hasn't started investing yet might still be gathering knowledge but won't be as fully committed as someone who's already accumulating bitcoin.
Starting is very important, it's pointless to gather all the knowledge there is to gather if the person ends up not even investing in bitcoin at the end of the day.

There is no way to gather or be truly Knowledgeable about Bitcoin when you aren't investing... And so self exclusion cannot make anyone to be knowledgeable about Bitcoin and that's coz Bitcoin is best learnt true an actual involvement... And the truth about folks who depend solely on theoretical knowledge is that they wouldn't be exposed all there is to know, and as such, such an individual will find it difficult properly understand volatility and how to stay calm during price dips and bearish seasons...

It won't be a good idea to anyone to prioritise gaining knowledge about bitcoin first before they can start accumulating bitcoin while still remaining a no coiner. There is chances of missing out in market opportunities.
The best way for anyone to learn about bitcoin is to invest in it, by so doing there awareness about bitcoin investment will definitely increase than when they are not investing in it.

We need to understand the importance of gaining knowledge in a practical way, if we learn more about Bitcoin as we invest in Bitcoin, then our knowledge will be deeper and we will be able to know more about Bitcoin in a more detailed way. Yes, we definitely need to gain general knowledge before investing, but we should not necessarily think of gaining deep knowledge about Bitcoin before investing. Rather, we need to start with general knowledge and then gain deep knowledge about Bitcoin. Delaying investment will only set us back.

[Sulegzy39]

There is no way to learn or become properly knowledgeable about Bitcoin unless you spend... As a result, self-exclusion cannot force someone to be informed about Bitcoin, because Bitcoin is best learned through active participation... And the reality about those who rely entirely on theoretical knowledge is that they will not be exposed to everything there is to know, and as a result, they will struggle to grasp volatility and how to remain calm amid price dips and gloomy seasons.

[ASloveapg]

There is no way to learn or become properly knowledgeable about Bitcoin unless you spend... As a result, self-exclusion cannot force someone to be informed about Bitcoin, because Bitcoin is best learned through active participation... And the reality about those who rely entirely on theoretical knowledge is that they will not be exposed to everything there is to know, and as a result, they will struggle to grasp volatility and how to remain calm amid price dips and gloomy seasons.

It is possible to get a basic idea about Bitcoin by reading books, watching videos, or listening to other people's experiences, but when we actually learn it through Bitcoin investment, the impact of this knowledge will be more effective. The knowledge that is gained with practical experience is always the most effective. Through these, we will be able to learn how to survive in any situation of Bitcoin with practical experience, and it will always help us survive better, and it will help us make the most correct and effective decisions in any situation.

[I_Anime]

There is no way to learn or become properly knowledgeable about Bitcoin unless you spend... As a result, self-exclusion cannot force someone to be informed about Bitcoin, because Bitcoin is best learned through active participation... And the reality about those who rely entirely on theoretical knowledge is that they will not be exposed to everything there is to know, and as a result, they will struggle to grasp volatility and how to remain calm amid price dips and gloomy seasons.

You can’t actually learn all aspect of Bitcoin once that’s why you should try take things slow . You can start by focusing on the history first how it was brought about, knowing what inspired to dev. To event such lovely technology. Then you can decide to learn more on how the price move which is the speculation aspect and with time you can decide to go further in to the technical aspect.

[The Founding Titan]

There is no way to learn or become properly knowledgeable about Bitcoin unless you spend... As a result, self-exclusion cannot force someone to be informed about Bitcoin, because Bitcoin is best learned through active participation... And the reality about those who rely entirely on theoretical knowledge is that they will not be exposed to everything there is to know, and as a result, they will struggle to grasp volatility and how to remain calm amid price dips and gloomy seasons.

You can’t actually learn all aspect of Bitcoin once that’s why you should try take things slow . You can start by focusing on the history first how it was brought about, knowing what inspired to dev. To event such lovely technology. Then you can decide to learn more on how the price move which is the speculation aspect and with time you can decide to go further in to the technical aspect.

For a bitcoin investor most bitcoin related knowledge won't even aid in their investment, it's good t know but it's not a must to know to keep investing in bitcoin so while people can decide to gather knowledge in these aspects they don't really need them to be able to continue their investment, some people make the general mistake of thinking they need alot of bitcoin related knowledge to be able to accumulate bitcoin and this is usually what delays their investment, the knowledge isn't without value but I is not a necessity for investment.

[Tonimez]

There is no way to learn or become properly knowledgeable about Bitcoin unless you spend... As a result, self-exclusion cannot force someone to be informed about Bitcoin, because Bitcoin is best learned through active participation... And the reality about those who rely entirely on theoretical knowledge is that they will not be exposed to everything there is to know, and as a result, they will struggle to grasp volatility and how to remain calm amid price dips and gloomy seasons.

You can’t actually learn all aspect of Bitcoin once that’s why you should try take things slow . You can start by focusing on the history first how it was brought about, knowing what inspired to dev. To event such lovely technology. Then you can decide to learn more on how the price move which is the speculation aspect and with time you can decide to go further in to the technical aspect.

For a bitcoin investor most bitcoin related knowledge won't even aid in their investment, it's good t know but it's not a must to know to keep investing in bitcoin so while people can decide to gather knowledge in these aspects they don't really need them to be able to continue their investment, some people make the general mistake of thinking they need alot of bitcoin related knowledge to be able to accumulate bitcoin and this is usually what delays their investment, the knowledge isn't without value but I is not a necessity for investment.

Sometimes is curiosity that kills the cat. There are so knowledges that beginners don't need to have before getting into bitcoin. Bitcoin is generally ambiguous to intend learning everything about it at any point in time. There are many things to learn in bitcoin, but as a beginner this shouldn't be your priority. What matters is that you understand what you're going into and also understand that the price action is not a one way traffic that keeps going up always. It sometimes goes down and down and even far below where you joined it and later, in the future, in a good time when you have endured through ups and downs, comes the real joy of bitcoin investment.

No matter the knowledge anyone has about bitcoin, he would never understand Volatility completely and this volatility is the real problem and the real panic stimulator among the bitcoin enthusiasts especially the beginners. So why waste your time paying attention to things that should never bother you?

[Futurexxx]

For a bitcoin investor most bitcoin related knowledge won't even aid in their investment, it's good t know but it's not a must to know to keep investing in bitcoin so while people can decide to gather knowledge in these aspects they don't really need them to be able to continue their investment,

You might say that you don't need to know much to start your Bitcoin investment, but to maintain your Bitcoin holdings, you need to have knowledge on what is requires to hold strong, like putting down emergency and reserve funds in place, so that you wouldn't be caught off guard by real life emergencies, because your ignorance of not knowing that emergency and reserve funds are very important for the survival of your bitcoin investment will cost you your investment when emergency struck. So it's best to say that not knowing much is not necessary to start, but knowledge on what is required to hold strong is very necessary for the survival of your bitcoin holdings.

[abaeze]

There is no way to learn or become properly knowledgeable about Bitcoin unless you spend... As a result, self-exclusion cannot force someone to be informed about Bitcoin, because Bitcoin is best learned through active participation... And the reality about those who rely entirely on theoretical knowledge is that they will not be exposed to everything there is to know, and as a result, they will struggle to grasp volatility and how to remain calm amid price dips and gloomy seasons.

You can’t actually learn all aspect of Bitcoin once that’s why you should try take things slow . You can start by focusing on the history first how it was brought about, knowing what inspired to dev. To event such lovely technology. Then you can decide to learn more on how the price move which is the speculation aspect and with time you can decide to go further in to the technical aspect.

For a bitcoin investor most bitcoin related knowledge won't even aid in their investment, it's good t know but it's not a must to know to keep investing in bitcoin so while people can decide to gather knowledge in these aspects they don't really need them to be able to continue their investment, some people make the general mistake of thinking they need alot of bitcoin related knowledge to be able to accumulate bitcoin and this is usually what delays their investment, the knowledge isn't without value but I is not a necessity for investment.

The first thing you need for investment is money and the most important thing for investing in Bitcoin is to identify your discretionary income. Because only when you have money do people think about investing and through this they learn to acquire practical investment knowledge and later when your ability and capability increases then investment and knowledge gradually increases. If you do not have money then you cannot start investing with knowledge but if you have a little money to invest then investment and gaining knowledge go together. So before you start investing in Bitcoin, you need money, not knowledge, and this knowledge will gradually teach you how to protect the money you invest.

[Olatundespo]

For a bitcoin investor most bitcoin related knowledge won't even aid in their investment, it's good t know but it's not a must to know to keep investing in bitcoin so while people can decide to gather knowledge in these aspects they don't really need them to be able to continue their investment,

You might say that you don't need to know much to start your Bitcoin investment, but to maintain your Bitcoin holdings, you need to have knowledge on what is requires to hold strong, like putting down emergency and reserve funds in place, so that you wouldn't be caught off guard by real life emergencies, because your ignorance of not knowing that emergency and reserve funds are very important for the survival of your bitcoin investment will cost you your investment when emergency struck. So it's best to say that not knowing much is not necessary to start, but knowledge on what is required to hold strong is very necessary for the survival of your bitcoin holdings.

To start investing in Bitcoin you need discretionary income. Nothing else is needed. No prior investment experience is required, not even if you don’t have an emergency fund available. No extra cash fund is required. That’s the clear message for a new Bitcoin investor.

To sustain a long term Bitcoin investment you definitely need an emergency fund. If you don’t have the cash available to build that fund you can build it through discretionary income. The key to long term investment survival is to have a discretionary income, an emergency fund, and cash flow available.

You are a poor investor with no extra funds available to you, but if you have $100 per week/month in discretionary income, you can organize this limited fund by accumulation Bitcoin, building an emergency fund, and setting aside a separately for the cash fund.