Balancing Financial security and Bitcoin Accumulation

[Futurexxx]

. Another thing is that long-term investment requires as much knowledge as possible so that you don't panic and sell when the price of Bitcoin fluctuates.

No, I disagree with your sentiment bro, you don't need much knowledge as you are proclaiming because investing in Bitcoin is not that difficult like trading. As long as you have a discretionary income and a common sense, you can start, then along the line you can seek further knowledge on what is required to hold strong, like putting down emergency and reserve funds, so that emergencies wouldn't force you to sell when you never wanted to, so that's all. That's the main reason I believe that you don't need to know it all plus the technical part of it for you to invest in Bitcoin and be successful.


 

It does requires knowledge to maintain your investment that’s what some folks lacks that’s they can’t even manage their investment. But the knowledge is not as complex as that of trading , yes trading requires deep technical and fundamental knowledge. While when come to investment there are some principles you must follow if you want smooth investment, and not only that learning more about bitcoin will build up your confidence more .

Yes I agree with you here, because we are still saying the same thing, for a Bitcoin investor to hold his Bitcoin strong without tempering with it anytime in the future, he needs to put down measures to protect his investment, and it's only knowledge that will make him or she knows that without emergency and reserve funds in place, you will be forced to sell when you never wanted to to. So knowledge plays an important role in your ability to hold unto your bitcoin investment, but starting your Bitcoin accumulation doesn't require much as most people think, because with your discretionary income and a common sense, you are good to go.

[POPOLUV]

Did it even cross your mind as to what people should do when their discretionary income are not coming consistently, because from what you said, you damn well ignored the existence of those kinds of people.

To be consistent is fine, but it is not a guaranteed reality for everyone, since not everybody get paid consistently. So what can this lots do in this case? They can invest flexible. And the flexibility is buying what they can buy and when they can buy whenever there is available discretionary income.

Those who do not have regular income but have discretionary funds can still invest in Bitcoin. In this situation, they can also do DCA weekly if they want.

A person's income comes every 3 months. If his income is $3000 every 3 months. If his daily expenses are $2400 until the next income comes, then his discretionary income is $600. So he can invest the entire amount in Bitcoin every time when creates discretionary income or he can divide his discretionary income by 12 and DCA it to $50 every week. If he divides it and DCA it to $50 weekly, then he will develop a habit of investing. He will be able to buy Bitcoin at a relatively average price.

You are totally right about what you say concerning having discretionary income within everything 3 months and after running down all the expenses such investors can still invest, no matter how the discretionary income always comes, it is very important and necessary for every investors to figure out what will work for him, when it comes to investing in Bitcoin and having discretionary income, which regulate your level of consistent buying and accumulating of Bitcoin, you as an investors you just need to figure out the best option that will keep you from buying and accumulating on daily basis or weeks, monthly. Which ever one that will be convenient for to buy without having the option of pulling out your investments, incase of any unforseen circumstances that might happen with your Bitcoin journey.

[Loyang]

. Another thing is that long-term investment requires as much knowledge as possible so that you don't panic and sell when the price of Bitcoin fluctuates.

No, I disagree with your sentiment bro, you don't need much knowledge as you are proclaiming because investing in Bitcoin is not that difficult like trading. As long as you have a discretionary income and a common sense, you can start, then along the line you can seek further knowledge on what is required to hold strong, like putting down emergency and reserve funds, so that emergencies wouldn't force you to sell when you never wanted to, so that's all. That's the main reason I believe that you don't need to know it all plus the technical part of it for you to invest in Bitcoin and be successful.

It does requires knowledge to maintain your investment that’s what some folks lacks that’s they can’t even manage their investment. But the knowledge is not as complex as that of trading , yes trading requires deep technical and fundamental knowledge. While when come to investment there are some principles you must follow if you want smooth investment, and not only that learning more about bitcoin will build up your confidence more .

Yes I agree with you here, because we are still saying the same thing, for a Bitcoin investor to hold his Bitcoin strong without tempering with it anytime in the future, he needs to put down measures to protect his investment, and it's only knowledge that will make him or she knows that without emergency and reserve funds in place, you will be forced to sell when you never wanted to to. So knowledge plays an important role in your ability to hold unto your bitcoin investment, but starting your Bitcoin accumulation doesn't require much as most people think, because with your discretionary income and a common sense, you are good to go.

Knowledge plays a big role in long-term retention. If a person starts investing with common sense and discretionary income and after that he refuses to gain knowledge or does not gain knowledge then he will definitely not be able to sustain his investment in the long term. Because we may face many big problems during our investment. We have to take measures in advance to deal with these problems. If we do not take measures in advance then we will never be able to deal with those disasters at that time. So it is very important for us to gain knowledge.

[Obulis]

. Another thing is that long-term investment requires as much knowledge as possible so that you don't panic and sell when the price of Bitcoin fluctuates.

No, I disagree with your sentiment bro, you don't need much knowledge as you are proclaiming because investing in Bitcoin is not that difficult like trading. As long as you have a discretionary income and a common sense, you can start, then along the line you can seek further knowledge on what is required to hold strong, like putting down emergency and reserve funds, so that emergencies wouldn't force you to sell when you never wanted to, so that's all. That's the main reason I believe that you don't need to know it all plus the technical part of it for you to invest in Bitcoin and be successful.


 

Lols, I used to think like this and in my case it was even about getting basic knowledge before starting Bitcoin investment not much knowledge but awareness has changed! And a lot others needs that awakening. As much as Bitcoin investment knowledge is consign DCA strategy is the best answer. Newbies can just start as long as there's discretionary funds using DCA so that while DCAing learning can continue. Thinking of acquiring basic knowledge before starting Bitcoin investment means waiting unnecessarily talk more of acquiring much knowledge, that one could mean waiting for ever as the case may be.

[cxtreenal]

. Another thing is that long-term investment requires as much knowledge as possible so that you don't panic and sell when the price of Bitcoin fluctuates.

No, I disagree with your sentiment bro, you don't need much knowledge as you are proclaiming because investing in Bitcoin is not that difficult like trading. As long as you have a discretionary income and a common sense, you can start, then along the line you can seek further knowledge on what is required to hold strong, like putting down emergency and reserve funds, so that emergencies wouldn't force you to sell when you never wanted to, so that's all. That's the main reason I believe that you don't need to know it all plus the technical part of it for you to invest in Bitcoin and be successful.

It does requires knowledge to maintain your investment that’s what some folks lacks that’s they can’t even manage their investment. But the knowledge is not as complex as that of trading , yes trading requires deep technical and fundamental knowledge. While when come to investment there are some principles you must follow if you want smooth investment, and not only that learning more about bitcoin will build up your confidence more .

Yes I agree with you here, because we are still saying the same thing, for a Bitcoin investor to hold his Bitcoin strong without tempering with it anytime in the future, he needs to put down measures to protect his investment, and it's only knowledge that will make him or she knows that without emergency and reserve funds in place, you will be forced to sell when you never wanted to to. So knowledge plays an important role in your ability to hold unto your bitcoin investment, but starting your Bitcoin accumulation doesn't require much as most people think, because with your discretionary income and a common sense, you are good to go.

Knowledge plays a big role in long-term retention. If a person starts investing with common sense and discretionary income and after that he refuses to gain knowledge or does not gain knowledge then he will definitely not be able to sustain his investment in the long term. Because we may face many big problems during our investment. We have to take measures in advance to deal with these problems. If we do not take measures in advance then we will never be able to deal with those disasters at that time. So it is very important for us to gain knowledge.

Having basic knowledge about Bitcoin and the challenges to be faced in running a long term DCA will make it easier and more convenient to invest. There is no denying the role of knowledge. But it is true that waiting to gain knowledge does not do justice to Bitcoin investment because the current price trend is volatile and the price may increase further tomorrow.

The problem with long term Bitcoin investment is not being patient. You have to be mentally and financially prepared to run a DCA for a certain period of time regardless of the price. Consider this period as 4-10 years or more. Another problem is not having an emergency fund. Have an emergency fund because any unexpected event can happen at any time and funds may be needed. It is an important responsibility to meet the need without withdrawing Bitcoin at that time.

[Son Of Blockchain (SOB)]

Lols, I used to think like this and in my case it was even about getting basic knowledge before starting Bitcoin investment not much knowledge but awareness has changed! And a lot others needs that awakening. As much as Bitcoin investment knowledge is consign DCA strategy is the best answer. Newbies can just start as long as there's discretionary funds using DCA so that while DCAing learning can continue. Thinking of acquiring basic knowledge before starting Bitcoin investment means waiting unnecessarily talk more of acquiring much knowledge, that one could mean waiting for ever as the case may be.

The decision of acquiring more knowledge to invest in Bitcoin is the reason why many are yet to start, cause they spend their time learning and learning then failing to start when Bitcoin give them an opportunity like it's given investors currently. Okay let's say they have no idea of what Bitcoin is about but they should know that the discretionary fund is what's needed for any investment including Bitcoin and get it ready so they'll get started with buying when they get an idea on the process of buying and storing Bitcoin.
 In the future, acquiring knowledge wouldn't be a reasonable excuse why someone couldn't buy Bitcoin at this current price because understanding it is not very tough, even someone without higher education should be able to know the amount of discretionary fund they can be able to invest with and figure out how to invest then learn other important things with time.

[Silikiem]

. Another thing is that long-term investment requires as much knowledge as possible so that you don't panic and sell when the price of Bitcoin fluctuates.

No, I disagree with your sentiment bro, you don't need much knowledge as you are proclaiming because investing in Bitcoin is not that difficult like trading. As long as you have a discretionary income and a common sense, you can start, then along the line you can seek further knowledge on what is required to hold strong, like putting down emergency and reserve funds, so that emergencies wouldn't force you to sell when you never wanted to, so that's all. That's the main reason I believe that you don't need to know it all plus the technical part of it for you to invest in Bitcoin and be successful.

It does requires knowledge to maintain your investment that’s what some folks lacks that’s they can’t even manage their investment. But the knowledge is not as complex as that of trading , yes trading requires deep technical and fundamental knowledge. While when come to investment there are some principles you must follow if you want smooth investment, and not only that learning more about bitcoin will build up your confidence more .

Yes I agree with you here, because we are still saying the same thing, for a Bitcoin investor to hold his Bitcoin strong without tempering with it anytime in the future, he needs to put down measures to protect his investment, and it's only knowledge that will make him or she knows that without emergency and reserve funds in place, you will be forced to sell when you never wanted to to. So knowledge plays an important role in your ability to hold unto your bitcoin investment, but starting your Bitcoin accumulation doesn't require much as most people think, because with your discretionary income and a common sense, you are good to go.

Knowledge plays a big role in long-term retention. If a person starts investing with common sense and discretionary income and after that he refuses to gain knowledge or does not gain knowledge then he will definitely not be able to sustain his investment in the long term. Because we may face many big problems during our investment. We have to take measures in advance to deal with these problems. If we do not take measures in advance then we will never be able to deal with those disasters at that time. So it is very important for us to gain knowledge.

An investor can acquire more knowledge from his own experience while investing in bitcoin and for this reason there’s no need trying to delay investing in bitcoin simply because you want to gain more knowledge. That will be a waste of time and opportunity to have used in accumulating some reasonable bitcoin stash and hold to gradually build up a portfolio. To get started what is needed is to figure out a discretionary income to use in buying bitcoin, you don’t need any much advance preparation other than just figuring out a discretionary income to use and invest in bitcoin and build up your emergency funds and other back up funds for your investment.

[Xackie]

. Another thing is that long-term investment requires as much knowledge as possible so that you don't panic and sell when the price of Bitcoin fluctuates.

No, I disagree with your sentiment bro, you don't need much knowledge as you are proclaiming because investing in Bitcoin is not that difficult like trading. As long as you have a discretionary income and a common sense, you can start, then along the line you can seek further knowledge on what is required to hold strong, like putting down emergency and reserve funds, so that emergencies wouldn't force you to sell when you never wanted to, so that's all. That's the main reason I believe that you don't need to know it all plus the technical part of it for you to invest in Bitcoin and be successful.

It does requires knowledge to maintain your investment that’s what some folks lacks that’s they can’t even manage their investment. But the knowledge is not as complex as that of trading , yes trading requires deep technical and fundamental knowledge. While when come to investment there are some principles you must follow if you want smooth investment, and not only that learning more about bitcoin will build up your confidence more .

Yes I agree with you here, because we are still saying the same thing, for a Bitcoin investor to hold his Bitcoin strong without tempering with it anytime in the future, he needs to put down measures to protect his investment, and it's only knowledge that will make him or she knows that without emergency and reserve funds in place, you will be forced to sell when you never wanted to to. So knowledge plays an important role in your ability to hold unto your bitcoin investment, but starting your Bitcoin accumulation doesn't require much as most people think, because with your discretionary income and a common sense, you are good to go.

Knowledge plays a big role in long-term retention. If a person starts investing with common sense and discretionary income and after that he refuses to gain knowledge or does not gain knowledge then he will definitely not be able to sustain his investment in the long term. Because we may face many big problems during our investment. We have to take measures in advance to deal with these problems. If we do not take measures in advance then we will never be able to deal with those disasters at that time. So it is very important for us to gain knowledge.

Knowledge is an important tool for our long term survival, but that doesn't mean we should now waste our time trying to learn everything first before actually investing. Starting your bitcoin investment requires little understanding of (how & Where  to buy, Where & how to store your Bitcoin safely), then the rest is just to figure out your discretionary income and you are good to go. To me I feel that knowledge can be gotten at any time. In the case of Bitcoin investments, most knowledge a person will acquire will come as an experience through their  investments journey. When someone builds their knowledge with experience , it gives them advantages to tackle any challenges faced in their investments journey, because the investor is already prepared with the right understanding to manage risks and make better decisions.

[abaeze]

. Another thing is that long-term investment requires as much knowledge as possible so that you don't panic and sell when the price of Bitcoin fluctuates.

No, I disagree with your sentiment bro, you don't need much knowledge as you are proclaiming because investing in Bitcoin is not that difficult like trading. As long as you have a discretionary income and a common sense, you can start, then along the line you can seek further knowledge on what is required to hold strong, like putting down emergency and reserve funds, so that emergencies wouldn't force you to sell when you never wanted to, so that's all. That's the main reason I believe that you don't need to know it all plus the technical part of it for you to invest in Bitcoin and be successful.

Those who understand Bitcoin's scarcity, decentralization, halving, network security, etc. well can remain relatively calm during a 40%-60% price drop than any other ignorant or less understanding investor, and these things can be learned through long-term investment. I never said that investing in Bitcoin requires a lot of knowledge. So don't misunderstand without understanding the before and after. Fools argue without understanding, but knowledge takes people to higher peaks. Just as "emergency funds" and "reserve funds" are among the most necessary things to sustain Bitcoin investment in the long term, knowing that they are needed is also a kind of knowledge. Similarly, understanding why Bitcoin is valuable is also important, but for a Bitcoin investor, most of the knowledge related to Bitcoin will not help them start investing. But it is good to know these things. You might say that you don't need to know much to start investing in Bitcoin, but you do need to have knowledge of what it takes to sustain your Bitcoin holdings and keep them strong. And that's what I've been explaining throughout my explanation.

[Proty]

. Another thing is that long-term investment requires as much knowledge as possible so that you don't panic and sell when the price of Bitcoin fluctuates.

No, I disagree with your sentiment bro, you don't need much knowledge as you are proclaiming because investing in Bitcoin is not that difficult like trading. As long as you have a discretionary income and a common sense, you can start, then along the line you can seek further knowledge on what is required to hold strong, like putting down emergency and reserve funds, so that emergencies wouldn't force you to sell when you never wanted to, so that's all. That's the main reason I believe that you don't need to know it all plus the technical part of it for you to invest in Bitcoin and be successful.

Those who understand Bitcoin's scarcity, decentralization, halving, network security, etc. well can remain relatively calm during a 40%-60% price drop than any other ignorant or less understanding investor, and these things can be learned through long-term investment. I never said that investing in Bitcoin requires a lot of knowledge. So don't misunderstand without understanding the before and after. Fools argue without understanding, but knowledge takes people to higher peaks. Just as "emergency funds" and "reserve funds" are among the most necessary things to sustain Bitcoin investment in the long term, knowing that they are needed is also a kind of knowledge. Similarly, understanding why Bitcoin is valuable is also important, but for a Bitcoin investor, most of the knowledge related to Bitcoin will not help them start investing. But it is good to know these things. You might say that you don't need to know much to start investing in Bitcoin, but you do need to have knowledge of what it takes to sustain your Bitcoin holdings and keep them strong. And that's what I've been explaining throughout my explanation.

It is very wrong of you to call someone a fool because from your statement it is obvious you are referring to him as a fool and this very wrong of you. If the guy actually misunderstood the point you were trying to make in your post , isn't enough reason for you to refer to him as a fool. I believe vague words is prohibited in the forum. We are all here to learn and I do believe that no one is above making mistakes. Therefore incase of next time you should do more better than this , instead of indirectly calling someone a fool.

[PhilosopherKing]

. Another thing is that long-term investment requires as much knowledge as possible so that you don't panic and sell when the price of Bitcoin fluctuates.

No, I disagree with your sentiment bro, you don't need much knowledge as you are proclaiming because investing in Bitcoin is not that difficult like trading. As long as you have a discretionary income and a common sense, you can start, then along the line you can seek further knowledge on what is required to hold strong, like putting down emergency and reserve funds, so that emergencies wouldn't force you to sell when you never wanted to, so that's all. That's the main reason I believe that you don't need to know it all plus the technical part of it for you to invest in Bitcoin and be successful.

Those who understand Bitcoin's scarcity, decentralization, halving, network security, etc. well can remain relatively calm during a 40%-60% price drop than any other ignorant or less understanding investor, and these things can be learned through long-term investment. I never said that investing in Bitcoin requires a lot of knowledge. So don't misunderstand without understanding the before and after. Fools argue without understanding, but knowledge takes people to higher peaks. Just as "emergency funds" and "reserve funds" are among the most necessary things to sustain Bitcoin investment in the long term, knowing that they are needed is also a kind of knowledge. Similarly, understanding why Bitcoin is valuable is also important, but for a Bitcoin investor, most of the knowledge related to Bitcoin will not help them start investing. But it is good to know these things. You might say that you don't need to know much to start investing in Bitcoin, but you do need to have knowledge of what it takes to sustain your Bitcoin holdings and keep them strong. And that's what I've been explaining throughout my explanation.

To the best of my knowledge, delaying is a disease and it is so pointless for anyone to be waiting for much knowledge before they can start their ongoing investments. The presence of Common sense and discretionary income it is okay for person to start their investments and with time they can figure out others things along the way. Person can be ongoingly investing and also be learning along side. Investment and learning can go and they both complement each other for all we know.

So let us don't have to overcomplicate investment as if beginners must know everything before starting with even a little amounts.

[Barikui1]

. Another thing is that long-term investment requires as much knowledge as possible so that you don't panic and sell when the price of Bitcoin fluctuates.

No, I disagree with your sentiment bro, you don't need much knowledge as you are proclaiming because investing in Bitcoin is not that difficult like trading. As long as you have a discretionary income and a common sense, you can start, then along the line you can seek further knowledge on what is required to hold strong, like putting down emergency and reserve funds, so that emergencies wouldn't force you to sell when you never wanted to, so that's all. That's the main reason I believe that you don't need to know it all plus the technical part of it for you to invest in Bitcoin and be successful.

Those who understand Bitcoin's scarcity, decentralization, halving, network security, etc. well can remain relatively calm during a 40%-60% price drop than any other ignorant or less understanding investor, and these things can be learned through long-term investment. I never said that investing in Bitcoin requires a lot of knowledge. So don't misunderstand without understanding the before and after. Fools argue without understanding, but knowledge takes people to higher peaks. Just as "emergency funds" and "reserve funds" are among the most necessary things to sustain Bitcoin investment in the long term, knowing that they are needed is also a kind of knowledge. Similarly, understanding why Bitcoin is valuable is also important, but for a Bitcoin investor, most of the knowledge related to Bitcoin will not help them start investing. But it is good to know these things. You might say that you don't need to know much to start investing in Bitcoin, but you do need to have knowledge of what it takes to sustain your Bitcoin holdings and keep them strong. And that's what I've been explaining throughout my explanation.

It is very wrong of you to call someone a fool because from your statement it is obvious you are referring to him as a fool and this very wrong of you. If the guy actually misunderstood the point you were trying to make in your post , isn't enough reason for you to refer to him as a fool. I believe vague words is prohibited in the forum. We are all here to learn and I do believe that no one is above making mistakes. Therefore incase of next time you should do more better than this , instead of indirectly calling someone a fool.

I don't have much to say to him because it's obvious that he is someone that is myopic and low in IQ, so exchanging words with someone beneath a normal Nigerian in IQ is a total waste of time.
We all came here to learn, and in most cases we disagree to agree, but if he decided to be abusive due to poor upbringing, it's not my cup of tea, because I am sure that he can't say that to me in person, because he will definitely lose his two front teeth if he tries that in my presence.

[Sulegzy39]

An investor can obtain more knowledge from his own experience while investing in bitcoin, therefore there's no reason to put off participating in bitcoin just to learn more. That will be a loss of time and opportunity that could have been spent acquiring a reasonable bitcoin hoard and gradually building up a portfolio. To get started, you must first determine your discretionary income to utilise in purchasing bitcoin.

There is no need for any ahead planning other than determining your discretionary income to use and invest in bitcoin, as well as building up your emergency and backup cash for your investment.It does require knowledge to maintain your investment, which is something that some people lack, as they are unable to manage their investment. However, the expertise is not as difficult as that of trading, which involves extensive technical and basic knowledge. When it comes to investing, there are specific guidelines you must follow if you want to have a successful investment, and studying more about bitcoin can help you gain confidence.

[I_Anime]

An investor can obtain more knowledge from his own experience while investing in bitcoin, therefore there's no reason to put off participating in bitcoin just to learn more. That will be a loss of time and opportunity that could have been spent acquiring a reasonable bitcoin hoard and gradually building up a portfolio. To get started, you must first determine your discretionary income to utilise in purchasing bitcoin.

There is no need for any ahead planning other than determining your discretionary income to use and invest in bitcoin, as well as building up your emergency and backup cash for your investment.It does require knowledge to maintain your investment, which is something that some people lack, as they are unable to manage their investment. However, the expertise is not as difficult as that of trading, which involves extensive technical and basic knowledge. When it comes to investing, there are specific guidelines you must follow if you want to have a successful investment, and studying more about bitcoin can help you gain confidence.

Many are already fond of procrastinating, which is one thing that delay the growth of investment there won’t be any investment if one kept procrastinating , and it’s worse when you are backing it up with some excuse like “I will start after I have a certain amount of money “ , when the prices dropped to some certain amount , or when they have acquired a certain amount of knowledge. Which wont do you any good cause you will keep delaying especially those waiting for the price to drop further , is better to start now and save yourself the stress and time .

[Akaenyi]

. Another thing is that long-term investment requires as much knowledge as possible so that you don't panic and sell when the price of Bitcoin fluctuates.

No, I disagree with your sentiment bro, you don't need much knowledge as you are proclaiming because investing in Bitcoin is not that difficult like trading. As long as you have a discretionary income and a common sense, you can start, then along the line you can seek further knowledge on what is required to hold strong, like putting down emergency and reserve funds, so that emergencies wouldn't force you to sell when you never wanted to, so that's all. That's the main reason I believe that you don't need to know it all plus the technical part of it for you to invest in Bitcoin and be successful.

Those who understand Bitcoin's scarcity, decentralization, halving, network security, etc. well can remain relatively calm during a 40%-60% price drop than any other ignorant or less understanding investor, and these things can be learned through long-term investment. I never said that investing in Bitcoin requires a lot of knowledge. So don't misunderstand without understanding the before and after. Fools argue without understanding, but knowledge takes people to higher peaks. Just as "emergency funds" and "reserve funds" are among the most necessary things to sustain Bitcoin investment in the long term, knowing that they are needed is also a kind of knowledge. Similarly, understanding why Bitcoin is valuable is also important, but for a Bitcoin investor, most of the knowledge related to Bitcoin will not help them start investing. But it is good to know these things. You might say that you don't need to know much to start investing in Bitcoin, but you do need to have knowledge of what it takes to sustain your Bitcoin holdings and keep them strong. And that's what I've been explaining throughout my explanation.

I've seen quite a number of arguments that centers on whether it is right for new Bitcoin investors to have a deep knowledge or not before and after starting. What I can say is that deep knowledge is not a requirement for starters to have before starting Bitcoin investment but if they have an opportunity to learn more about where they are investing their money it won't harm them.

If you have a source to learn you should do so to indeptly understand how Bitcoin works but if you cannot then download a Bitcoin wallet and start buying with your discretionary funds. Extensive knowledge can come later but what is necessary is to start buying.

[abaeze]

. Another thing is that long-term investment requires as much knowledge as possible so that you don't panic and sell when the price of Bitcoin fluctuates.

No, I disagree with your sentiment bro, you don't need much knowledge as you are proclaiming because investing in Bitcoin is not that difficult like trading. As long as you have a discretionary income and a common sense, you can start, then along the line you can seek further knowledge on what is required to hold strong, like putting down emergency and reserve funds, so that emergencies wouldn't force you to sell when you never wanted to, so that's all. That's the main reason I believe that you don't need to know it all plus the technical part of it for you to invest in Bitcoin and be successful.

Those who understand Bitcoin's scarcity, decentralization, halving, network security, etc. well can remain relatively calm during a 40%-60% price drop than any other ignorant or less understanding investor, and these things can be learned through long-term investment. I never said that investing in Bitcoin requires a lot of knowledge. So don't misunderstand without understanding the before and after. Fools argue without understanding, but knowledge takes people to higher peaks. Just as "emergency funds" and "reserve funds" are among the most necessary things to sustain Bitcoin investment in the long term, knowing that they are needed is also a kind of knowledge. Similarly, understanding why Bitcoin is valuable is also important, but for a Bitcoin investor, most of the knowledge related to Bitcoin will not help them start investing. But it is good to know these things. You might say that you don't need to know much to start investing in Bitcoin, but you do need to have knowledge of what it takes to sustain your Bitcoin holdings and keep them strong. And that's what I've been explaining throughout my explanation.

It is very wrong of you to call someone a fool because from your statement it is obvious you are referring to him as a fool and this very wrong of you. If the guy actually misunderstood the point you were trying to make in your post , isn't enough reason for you to refer to him as a fool. I believe vague words is prohibited in the forum. We are all here to learn and I do believe that no one is above making mistakes. Therefore incase of next time you should do more better than this , instead of indirectly calling someone a fool.

I am not calling any individual a fool. My point is that arguing about a subject without understanding is not a wise approach. My statement is not directed at any person, it is about the quality of the argument itself. Therefore, it is better not to misinterpret the message and divert the discussion away from its main point. I believe that if there is a disagreement on any issue, it should be discussed through facts, evidence, and logical reasoning. At the same time, it is neither necessary nor realistic for everyone to agree on everything, and people should be free to hold different opinions.

However, we should all remember that misunderstanding something and having a genuine disagreement are not the same thing. Eventually, I would say that knowledge is essential for success in every aspect of life, including investing in Bitcoin.

[cocadalcan]

However, we should all remember that misunderstanding something and having a genuine disagreement are not the same thing. Eventually, I would say that knowledge is essential for success in every aspect of life, including investing in Bitcoin.

Everyone has a different mindset and just as they have different looks, they also have different abilities to perceive. Some people living in the same society are very rich and some are poor. The reason for this social inequality is the difference in thinking and the ability to make decisions from it. We have come to the forum to learn and learn every day. We will literally have ideological differences but we must have a consensus on long term Bitcoin accumulation and what kind of strategies are being used to make it work, it is necessary to spread them to everyone so that they can apply your best experience in their own way and achieve success in Bitcoin investment.

[Umulala-alala]

An investor can obtain more knowledge from his own experience while investing in bitcoin, therefore there's no reason to put off participating in bitcoin just to learn more. That will be a loss of time and opportunity that could have been spent acquiring a reasonable bitcoin hoard and gradually building up a portfolio. To get started, you must first determine your discretionary income to utilise in purchasing bitcoin.

There is no need for any ahead planning other than determining your discretionary income to use and invest in bitcoin, as well as building up your emergency and backup cash for your investment.It does require knowledge to maintain your investment, which is something that some people lack, as they are unable to manage their investment. However, the expertise is not as difficult as that of trading, which involves extensive technical and basic knowledge. When it comes to investing, there are specific guidelines you must follow if you want to have a successful investment, and studying more about bitcoin can help you gain confidence.

Many are already fond of procrastinating, which is one thing that delay the growth of investment there won’t be any investment if one kept procrastinating , and it’s worse when you are backing it up with some excuse like “I will start after I have a certain amount of money “ , when the prices dropped to some certain amount , or when they have acquired a certain amount of knowledge. Which wont do you any good cause you will keep delaying especially those waiting for the price to drop further , is better to start now and save yourself the stress and time .

Procrastination is a dream killer there are many people today who couldn't achieve what they are supposed to achieve because of procrastination, I will buy today the next thing you will from them again is i will start the next day till they never start, i always tell some of friends if you want start bitcoin investment start immediately if you know you have your discretionary income available waiting delaying too much either for the price to dip or by trying to gain all knowledge common sense and discretionary income is ok to get started without making much procrastination.

[Decimetre]

There has never been any other better time to start your bitcoin accumulation order than NOW. If you are still waiting for tomorrow before you start, then you are getting it all wrong. The only genuine reason for not starting today should be the absence of your discretionary income. There has been folks who learned about bitcoin earlier than now perhaps, in the early developmental stage, but never bought a bitcoin simply because of "Tomorrow".

When a person starts procrastinating, fear enters and he starts wishing to buy at lower price, he believes that bitcoin would drop further and uses it as a reason to waste his time further. This is not supposed to be so when you have your discretionary income already. Your mentality while going into bitcoin largely determines how successful you would become and this mentality is the only antidote to procrastination. When you plan for a long-term investment, you begin to see reason to buy bitcoin at any price since you intend to hold over a long time during which you have more chances of making profit.

Bitcoin traders are known for timing the market and waiting for further Dip. Most of them buy today and sell tomorrow and mostly ending up with losses.

[Joeboy]

There has never been any other better time to start your bitcoin accumulation order than NOW. If you are still waiting for tomorrow before you start, then you are getting it all wrong. The only genuine reason for not starting today should be the absence of your discretionary income. There has been folks who learned about bitcoin earlier than now perhaps, in the early developmental stage, but never bought a bitcoin simply because of "Tomorrow".

When a person starts procrastinating, fear enters and he starts wishing to buy at lower price, he believes that bitcoin would drop further and uses it as a reason to waste his time further. This is not supposed to be so when you have your discretionary income already. Your mentality while going into bitcoin largely determines how successful you would become and this mentality is the only antidote to procrastination. When you plan for a long-term investment, you begin to see reason to buy bitcoin at any price since you intend to hold over a long time during which you have more chances of making profit.

Bitcoin traders are known for timing the market and waiting for further Dip. Most of them buy today and sell tomorrow and mostly ending up with losses.

Now is even too late... Since for me the best time to start was yesterday  Bitcoin investment is best when it is long termed, and if folks plan is long termed, they could very well start out small, then build up and also unlearn and learn as they go.. And this is why waiting or having the procastinating mentality shouldn't longer be a thing amongst investors...And honestly I really like to think that understanding Bitcoin itself can only come through an actual involvement... Involvement or experience gives investors first hand knowledge of how the market behave which is something that can't be learnt when folks keeps excluding themselves...