Three best ways to hold bitcoin combined.

[JayJuanGee]

[edited out]

You are correct. However, you failed to note that DCA STRATEGY is only profitable on a bullish market. You must be sure that it is trending upwards before embarking on that journey of periodic investment. Bitcoin have been bearish this year. Anyway, if the new bullish trend prevails, then this strategy would definitely be remarkable as you mentioned.

You sound lost okorieemmanuel.
If a person is investing 4-10 years or longer, then he is likely going to be advantaged by buying at any time no matter the price, and even in periods that the BTC price is dropping (perhaps especially when the BTC prices are dropping?) like in a bear market. 

If a person uses a similar amount of dollars to buy bitcoin for 4 years straight, then his average price will be right around the 200-WMA (which is just over $62k right now). .and if he buys longer than 4 years, then his average buy price is likely to be lower and lower and lower.
So, for example, if a guy had been buying bitcoin at a similar dollar amount for the past 8 years, he would currently have an average bitcoin price in the ballpark of $16,700, which surely would not be a bad place to be, and of course, if he had front-loaded his investment 8 years ago then he may well have even a lower cost per BTC.

Some people will not understand what bitcoin is, I have some bitcoin right now that I am not planning to spend at all. I have one for retirement purpose in case anything happened. If I leave it in fiat, it will not be good because of the inflation in my country, but I think it can go x5 or more in the next 10 years and more later which is better. Some people are just thinking about bitcoin investment like something that is very risky. Few of them will prefer ponzi scheme, trading or what that may later make them lose the money.

We can surely think about bitcoin as an asymmetric bet to the upside which means that as long as you do not leverage, the most you can lose is 100%, yet at the same time, there are reasonable probabilities that bitcoin prices can go up significantly, such as 5x in 10 years as you mentioned or even 100x or more, and sure neither the amount up nor the timeline is guaranteed, which is also part of the nature of an asymmetric bet, for anyone who might try to understand why bitcoin ongoingly has upward pressures on its price, in spite of ongoing battles about bitcoin taking place too.

Regarding trading and/or shitcoin involvement, yep, so many folks will be lured into those inferior approaches to bitcoin and/or those inferior assets because they likely do not know any better or maybe they cannot figure out how to approach bitcoin from an investors mindset that likely would have a 4-10 year or longer timeline.

[I_Anime]

[Though there’s no guarantee that the price will continue to go up , that’s the risk we are taken because there’s nothing like rich free investment, that’s why we are Bitcoin investors we should be ready for anything.

This is the what some people will be thinking which will discourage them from buying or continuing holding bitcoin. You do not know that bitcoin is not very risky like some people are thinking. Just make sure you have long time holding in mind like 3 to 10 years, I am having more than 10 years in mind, but I believe I would have seen 5x in 7 to 8 years from my bitcoin investment. If you are using your bitcoin for trading or you are using it to gamble, that is risk what that are risky, but hodling bitcoin is not really risky like some people are saying.

Is actually a mere speculation we can’t actually tell what will happen in the long run , when come to holding . Longterm is the best we are talking of 4-10 years and you can choose to push on more like some profitable users here .

That’s why is not advisable to sell all your investment, create a method or system that works best when come to taken profits , because selling all at once won’t be smart at all . That’s why some do make sure they replace any amount they took from their holding they might not do it immediately, they can choose to take action during the dip because they are not like aggressive like they are when they where still low coiner or haven’t gotten their accumulation goal yet .

[Taskford]

Some people will not understand what bitcoin is, I have some bitcoin right now that I am not planning to spend at all. I have one for retirement purpose in case anything happened. If I leave it in fiat, it will not be good because of the inflation in my country, but I think it can go x5 or more in the next 10 years and more later which is better. Some people are just thinking about bitcoin investment like something that is very risky. Few of them will prefer ponzi scheme, trading or what that may later make them lose the money.

We can surely think about bitcoin as an asymmetric bet to the upside which means that as long as you do not leverage, the most you can lose is 100%, yet at the same time, there are reasonable probabilities that bitcoin prices can go up significantly, such as 5x in 10 years as you mentioned or even 100x or more, and sure neither the amount up nor the timeline is guaranteed, which is also part of the nature of an asymmetric bet, for anyone who might try to understand why bitcoin ongoingly has upward pressures on its price, in spite of ongoing battles about bitcoin taking place too.

Regarding trading and/or shitcoin involvement, yep, so many folks will be lured into those inferior approaches to bitcoin and/or those inferior assets because they likely do not know any better or maybe they cannot figure out how to approach bitcoin from an investors mindset that likely would have a 4-10 year or longer timeline.

True since and great projection out there, but people need also to have this thinking that nothing is guaranteed so they would think about realistic ways rather think that Bitcoin is same like a ponzi schemes. But with great combination of current happening right now which is the adoption keeps growing then it only have fixed supply, this will give good possibilities that price will eventually pumps up in future.

Usually quick profits is the one reason why many people got pulled in on those shitcoins, especially for those people didn't understand the long term nature of Bitcoin. But if people understand that its better to approach Bitcoin with the mindset of multi year investor, there's really a chance that they would never chase a quick profit and volatility will be much easy to handle and they've got less pressure.

[PhilosopherKing]

[edited out]

You are correct. However, you failed to note that DCA STRATEGY is only profitable on a bullish market. You must be sure that it is trending upwards before embarking on that journey of periodic investment. Bitcoin have been bearish this year. Anyway, if the new bullish trend prevails, then this strategy would definitely be remarkable as you mentioned.

You sound lost okorieemmanuel.

If a person is investing 4-10 years or longer, then he is likely going to be advantaged by buying at any time no matter the price, and even in periods that the BTC price is dropping (perhaps especially when the BTC prices are dropping?) like in a bear market. 

If a person uses a similar amount of dollars to buy bitcoin for 4 years straight, then his average price will be right around the 200-WMA (which is just over $62k right now). .and if he buys longer than 4 years, then his average buy price is likely to be lower and lower and lower.

So, for example, if a guy had been buying bitcoin at a similar dollar amount for the past 8 years, he would currently have an average bitcoin price in the ballpark of $16,700, which surely would not be a bad place to be, and of course, if he had front-loaded his investment 8 years ago then he may well have even a lower cost per BTC.

Yes. There is more harm than good when person begin to obsess over the perfect time to enter and start buying. When the plan is to ongoingly DCa for a long time horizon, is better to start buying at whatever price and the more the person continues to invest, the lesser the price for their average buys tend to be since bitcoin always goes through various cycles of both bears and bulls in the long run.

Person that has been ongoingly investing from ten years would have experience various price crash and pumps, yet those bear market crashes would end up helping them accumulate more at lower prices. This is why starting as soon as possible is always good instead of waiting endlessly.

[Soldroplet]

[edited out]

You are correct. However, you failed to note that DCA STRATEGY is only profitable on a bullish market. You must be sure that it is trending upwards before embarking on that journey of periodic investment. Bitcoin have been bearish this year. Anyway, if the new bullish trend prevails, then this strategy would definitely be remarkable as you mentioned.

You sound lost okorieemmanuel.

If a person is investing 4-10 years or longer, then he is likely going to be advantaged by buying at any time no matter the price, and even in periods that the BTC price is dropping (perhaps especially when the BTC prices are dropping?) like in a bear market. 

If a person uses a similar amount of dollars to buy bitcoin for 4 years straight, then his average price will be right around the 200-WMA (which is just over $62k right now). .and if he buys longer than 4 years, then his average buy price is likely to be lower and lower and lower.

So, for example, if a guy had been buying bitcoin at a similar dollar amount for the past 8 years, he would currently have an average bitcoin price in the ballpark of $16,700, which surely would not be a bad place to be, and of course, if he had front-loaded his investment 8 years ago then he may well have even a lower cost per BTC.

Yes. There is more harm than good when person begin to obsess over the perfect time to enter and start buying. When the plan is to ongoingly DCa for a long time horizon, is better to start buying at whatever price and the more the person continues to invest, the lesser the price for their average buys tend to be since bitcoin always goes through various cycles of both bears and bulls in the long run.

Person that has been ongoingly investing from ten years would have experience various price crash and pumps, yet those bear market crashes would end up helping them accumulate more at lower prices. This is why starting as soon as possible is always good instead of waiting endlessly.

I agree with your statement, many people cannot start investing in Bitcoin by waiting for the perfect entry point, because they hope when the price will drop and then they will think about buying. I would like to add one thing here, that the purpose of DCA is not to reduce the average purchase price all the time, but to collect Bitcoin regularly. For example, if someone invests Bitcoin in the DCA method with a certain amount of Discretionary Income every week or every month, then he will naturally collect Bitcoin in both bull markets and bear markets. If the price of Bitcoin continues to increase for a long time in the future, then an investor's average purchase price may increase. But that is not a problem, because a long-term investor's main goal should be to accumulate more Bitcoin and increase his BTC stack. Therefore, instead of waiting for the perfect time, it is a more reasonable decision for a prudent Bitcoin investor to start accumulation as soon as possible by ensuring Discretionary Income, emergency funds and responsibilities.
But I would like to point out another thing, a new investor does not need to be very experienced at first. But as a newbie, it is not necessary to know a few things, and that is, how long he will invest in Bitcoin, how much extra income he has, whether he has enough backup funds so that he does not have to sell Bitcoin in case of emergency, and whether he can accumulate Bitcoin patiently for 4 to 10 years or more. The main thing is to have a realistic idea about the extra income, cashflow and risk tolerance, and collect Bitcoin accordingly, and then gradually become experienced.

[Hardyrobust]

[edited out]

You are correct. However, you failed to note that DCA STRATEGY is only profitable on a bullish market. You must be sure that it is trending upwards before embarking on that journey of periodic investment. Bitcoin have been bearish this year. Anyway, if the new bullish trend prevails, then this strategy would definitely be remarkable as you mentioned.

You sound lost okorieemmanuel.

If a person is investing 4-10 years or longer, then he is likely going to be advantaged by buying at any time no matter the price, and even in periods that the BTC price is dropping (perhaps especially when the BTC prices are dropping?) like in a bear market. 

If a person uses a similar amount of dollars to buy bitcoin for 4 years straight, then his average price will be right around the 200-WMA (which is just over $62k right now). .and if he buys longer than 4 years, then his average buy price is likely to be lower and lower and lower.

So, for example, if a guy had been buying bitcoin at a similar dollar amount for the past 8 years, he would currently have an average bitcoin price in the ballpark of $16,700, which surely would not be a bad place to be, and of course, if he had front-loaded his investment 8 years ago then he may well have even a lower cost per BTC.

Yes. There is more harm than good when person begin to obsess over the perfect time to enter and start buying. When the plan is to ongoingly DCa for a long time horizon, is better to start buying at whatever price and the more the person continues to invest, the lesser the price for their average buys tend to be since bitcoin always goes through various cycles of both bears and bulls in the long run.

Person that has been ongoingly investing from ten years would have experience various price crash and pumps, yet those bear market crashes would end up helping them accumulate more at lower prices. This is why starting as soon as possible is always good instead of waiting endlessly.

For sure it is not a good idea to be waiting for perfect entry point while the person continues to remain a no or low coiner. The objective or focus of a no coiner or low coiner should be to utilise every buying opportunity that the market offer buying bitcoin continuously using the DCA strategy. So instead of waiting for a dip they can be buying using DCA strategy and as well but during bear season. There is no time that isn't good for long term investors to buy bitcoin since they are not after quick profit.

[samadam007]

That’s why is not advisable to sell all your investment, create a method or system that works best when come to taken profits , because selling all at once won’t be smart at all . That’s why some do make sure they replace any amount they took from their holding they might not do it immediately, they can choose to take action during the dip because they are not like aggressive like they are when they where still low coiner or haven’t gotten their accumulation goal yet .

The issue i have with your statement is that it is confidently saying investors will always get another chance to buy back their Bitcoin later at a better. Truth is nobody can say what the market will do after selling,the price could continu rising, leaving them with lesser coins than before.
Thi is one the reason why many smart investors prefer long term consistent accumulation with DCA. Instead of predicting dips or future price movements, they just stack up gradually over time.

[Soldroplet]

That’s why is not advisable to sell all your investment, create a method or system that works best when come to taken profits , because selling all at once won’t be smart at all . That’s why some do make sure they replace any amount they took from their holding they might not do it immediately, they can choose to take action during the dip because they are not like aggressive like they are when they where still low coiner or haven’t gotten their accumulation goal yet .

The issue i have with your statement is that it is confidently saying investors will always get another chance to buy back their Bitcoin later at a better. Truth is nobody can say what the market will do after selling,the price could continu rising, leaving them with lesser coins than before.
Thi is one the reason why many smart investors prefer long term consistent accumulation with DCA. Instead of predicting dips or future price movements, they just stack up gradually over time.

I agree with you that no one can predict future prices with certainty, so selling Bitcoin to buy back at a lower price can be risky. But I think it’s not just about DCA and market timing. An investor’s main goal should be to manage their cash flow, emergency fund, and backup fund in a way that they don’t have to sell Bitcoin while holding it for the long term.
DCA is certainly a good method, but it is not the only way. One can use DCA as well as a portion of their excess funds or reserved funds to make one-time purchases or purchase additional Bitcoins, if it is compatible with their financial situation . Above all, the most important thing is to consistently accumulate as much Bitcoin as possible according to their ability, keep their excess income, emergency fund and backup fund well organized, grow their BTC, and avoid situations that may force them to sell Bitcoin unnecessarily.

[Abelly]

Regarding trading and/or shitcoin involvement, yep, so many folks will be lured into those inferior approaches to bitcoin and/or those inferior assets because they likely do not know any better or maybe they cannot figure out how to approach bitcoin from an investors mindset that likely would have a 4-10 year or longer timeline.

I agree with you, a real Bitcoin investor usually takes a 4-10 year or longer time horizon, he doesn't worry about the daily price fluctuations, but looks at the long-term value of Bitcoin, its limited supply and global acceptance. And shitcoin and short-term trading often turn into gambling-like behavior, where most people end up losing money, so before investing, gain knowledge, understand the risks and make a long-term plan.

[Just Say]

For sure it is not a good idea to be waiting for perfect entry point while the person continues to remain a no or low coiner. The objective or focus of a no coiner or low coiner should be to utilise every buying opportunity that the market offer buying bitcoin continuously using the DCA strategy. So instead of waiting for a dip they can be buying using DCA strategy and as well but during bear season. There is no time that isn't good for long term investors to buy bitcoin since they are not after quick profit.

We can definitely say that no-coiners are very lazy to invest, this is their characteristic. Also, a no-coiner starts to doubt when the market is low and does not take action, even gets involved in various controversies about Bitcoin and yep they also know a low-quality approaches, which is to always wait for the perfect entry but when Bitcoin overshadows all the controversies and goes up, even then they don't become that interested in buying Bitcoin, nor do they understand and pay attention to Bitcoin's global adoption. Therefore it is clear to us that inexperienced investors should refrain from making aggressive decisions during price declines, besides it's correct instead of waiting to make a decision when prices fall, everyone should rush to buy regularly while they have the money.

[ruykeri]

That’s why is not advisable to sell all your investment, create a method or system that works best when come to taken profits , because selling all at once won’t be smart at all . That’s why some do make sure they replace any amount they took from their holding they might not do it immediately, they can choose to take action during the dip because they are not like aggressive like they are when they where still low coiner or haven’t gotten their accumulation goal yet .

The issue i have with your statement is that it is confidently saying investors will always get another chance to buy back their Bitcoin later at a better. Truth is nobody can say what the market will do after selling,the price could continu rising, leaving them with lesser coins than before.
Thi is one the reason why many smart investors prefer long term consistent accumulation with DCA. Instead of predicting dips or future price movements, they just stack up gradually over time.

If Bitcoin investment is for 4-10 years or more, then there is no need to create a trading type mentality by selling repeatedly. You are right that DCA should be done with a long time mindset for Bitcoin. It should be bought regularly. It is never right to think of selling while buying. The decision to buy or sell Bitcoin depending on the price in the short time is risky. The real focus here should not be how many of profit is made, but how much Bitcoin has been accumulated and how safely it is being hold . This does not mean that Bitcoin will never sell. Of course, if someone reaches overaccumulation status, or sells some part according to his own financial plan, he will be able to continue his necessary expenses. Again, there is no certainty that everyone will go to the over accumulation stage. Because everyone's income is not the same. Everyone's discretionary income is not the same. So after a person does DCA for a long time, he will be able to properly utilize Bitcoin according to his convenience. But for those who are still in the accumulation stage, it would not be right to even think of selling. This will weaken their investment even more...

[Homemade-IQ]

That’s why is not advisable to sell all your investment, create a method or system that works best when come to taken profits , because selling all at once won’t be smart at all . That’s why some do make sure they replace any amount they took from their holding they might not do it immediately, they can choose to take action during the dip because they are not like aggressive like they are when they where still low coiner or haven’t gotten their accumulation goal yet .

The issue i have with your statement is that it is confidently saying investors will always get another chance to buy back their Bitcoin later at a better. Truth is nobody can say what the market will do after selling,the price could continu rising, leaving them with lesser coins than before.
Thi is one the reason why many smart investors prefer long term consistent accumulation with DCA. Instead of predicting dips or future price movements, they just stack up gradually over time.

If Bitcoin investment is for 4-10 years or more, then there is no need to create a trading type mentality by selling repeatedly. You are right that DCA should be done with a long time mindset for Bitcoin. It should be bought regularly. It is never right to think of selling while buying. The decision to buy or sell Bitcoin depending on the price in the short time is risky. The real focus here should not be how many of profit is made, but how much Bitcoin has been accumulated and how safely it is being hold . This does not mean that Bitcoin will never sell. Of course, if someone reaches overaccumulation status, or sells some part according to his own financial plan, he will be able to continue his necessary expenses. Again, there is no certainty that everyone will go to the over accumulation stage. Because everyone's income is not the same. Everyone's discretionary income is not the same. So after a person does DCA for a long time, he will be able to properly utilize Bitcoin according to his convenience. But for those who are still in the accumulation stage, it would not be right to even think of selling. This will weaken their investment even more...

You made a very nice point here mate, because selling your Bitcoin investment when you are still in your accumulation stage is bad, and if you are not careful, you may sell it but by bit until everything is sold off, so it is because of that I believe that it's wrong to be thinking of selling your Bitcoin holdings when you are still in your accumulation stage.

Another reason why it is bad is that, you may never get to your over accumulation status is you keep on selling the ones you have accumulated, just because you are in a profit.

[JayJuanGee]

Regarding trading and/or shitcoin involvement, yep, so many folks will be lured into those inferior approaches to bitcoin and/or those inferior assets because they likely do not know any better or maybe they cannot figure out how to approach bitcoin from an investors mindset that likely would have a 4-10 year or longer timeline.

I agree with you, a real Bitcoin investor usually takes a 4-10 year or longer time horizon, he doesn't worry about the daily price fluctuations, but looks at the long-term value of Bitcoin, its limited supply and global acceptance. And shitcoin and short-term trading often turn into gambling-like behavior, where most people end up losing money, so before investing, gain knowledge, understand the risks and make a long-term plan.

Guys do not need to gain knowledge, understand the risks and/or make long-term plans before starting to buy bitcoin.

All bitcoin newbies need to start to buy bitcoin is discretionary funds and common sense.  With their common sense, they can figure out whether they want to start and how much they want to start with.  They can learn as they go.  Sure, if they want to (or feel that they need to gain knowledge, learn about risks and/or make long-term plans, that is their choice to make.  That information is not required to get started buying bitcoin as long as they have discretionary funds.

For sure it is not a good idea to be waiting for perfect entry point while the person continues to remain a no or low coiner. The objective or focus of a no coiner or low coiner should be to utilise every buying opportunity that the market offer buying bitcoin continuously using the DCA strategy. So instead of waiting for a dip they can be buying using DCA strategy and as well but during bear season. There is no time that isn't good for long term investors to buy bitcoin since they are not after quick profit.

We can definitely say that no-coiners are very lazy to invest, this is their characteristic.

We cannot say that the mere fact that someone is a no coiner that they are lazy to invest.  You are just making shit up.  Around 99% of the world population are no coiners.

Also, a no-coiner starts to doubt when the market is low and does not take action, even gets involved in various controversies about Bitcoin and yep they also know a low-quality approaches, which is to always wait for the perfect entry but when Bitcoin overshadows all the controversies and goes up, even then they don't become that interested in buying Bitcoin, nor do they understand and pay attention to Bitcoin's global adoption. Therefore it is clear to us that inexperienced investors should refrain from making aggressive decisions during price declines, besides it's correct instead of waiting to make a decision when prices fall, everyone should rush to buy regularly while they have the money.

You are making a lot of assumptions about no coiners, and you are hardly making any sense with your assumptions.

[PhilosopherKing]

Guys do not need to gain knowledge, understand the risks and/or make long-term plans before starting to buy bitcoin.

All bitcoin newbies need to start to buy bitcoin is discretionary funds and common sense.  With their common sense, they can figure out whether they want to start and how much they want to start with.  They can learn as they go.  Sure, if they want to (or feel that they need to gain knowledge, learn about risks and/or make long-term plans, that is their choice to make.  That information is not required to get started buying bitcoin as long as they have discretionary funds.

Yes, it is pointless for person to be stalling their investments just because they want to learn things which they could just have learnt along the way of their investments. If person ongoingly investing, it creates the appropriate avenue for them to learn properly. They can learn hings about bitcoin with ease, because whatever they are learning theree are also experiencing it together.

Beginners that start with modest amount of money and ongoing continues to learn along the way use to be more better off than person that continue to be waiting endlessly

[BluebloodCXVI]

We can definitely say that no-coiners are very lazy to invest, this is their characteristic. Also, a no-coiner starts to doubt when the market is low and does not take action, even gets involved in various controversies about Bitcoin and yep they also know a low-quality approaches, which is to always wait for the perfect entry but when Bitcoin overshadows all the controversies and goes up, even then they don't become that interested in buying Bitcoin, nor do they understand and pay attention to Bitcoin's global adoption. Therefore it is clear to us that inexperienced investors should refrain from making aggressive decisions during price declines, besides it's correct instead of waiting to make a decision when prices fall, everyone should rush to buy regularly while they have the money.

Don’t you think that this your conclusion that no coiners are lazy is a bit oversimplified?. And perhaps it paints them with too broad a brush!. Just because a person is staying out of anything that has to do with bitcoin does not mean they are lazy. Everybody has different capacity to take risks and we all view valuables in different ways; what might seem valuable to you might not be to another person. So it seems delusional on your part to think that it is everybody in this world that will become bitcoin’ers.

I agree with you that no one can predict future prices with certainty, so selling Bitcoin to buy back at a lower price can be risky. But I think it’s not just about DCA and market timing. An investor’s main goal should be to manage their cash flow, emergency fund, and backup fund in a way that they don’t have to sell Bitcoin while holding it for the long term.
DCA is certainly a good method, but it is not the only way. One can use DCA as well as a portion of their excess funds or reserved funds to make one-time purchases or purchase additional Bitcoins, if it is compatible with their financial situation . Above all, the most important thing is to consistently accumulate as much Bitcoin as possible according to their ability, keep their excess income, emergency fund and backup fund well organized, grow their BTC, and avoid situations that may force them to sell Bitcoin unnecessarily.

It looks like you are mixing up two different investment strategies together. You cannot associate DCA strategy with one time purchase because they are two different strategies. One time purchases is just the same thing as Lump sum while DCA refers to spreading out your purchases in your investment over time. Certainly this means that you cannot use DCA to make a one time purchase because then it will no longer be DCA again but Lump-sum.

[JayJuanGee]

Guys do not need to gain knowledge, understand the risks and/or make long-term plans before starting to buy bitcoin.

All bitcoin newbies need to start to buy bitcoin is discretionary funds and common sense.  With their common sense, they can figure out whether they want to start and how much they want to start with.  They can learn as they go.  Sure, if they want to (or feel that they need to gain knowledge, learn about risks and/or make long-term plans, that is their choice to make.  That information is not required to get started buying bitcoin as long as they have discretionary funds.

Yes, it is pointless for person to be stalling their investments just because they want to learn things which they could just have learnt along the way of their investments. If person ongoingly investing, it creates the appropriate avenue for them to learn properly. They can learn hings about bitcoin with ease, because whatever they are learning theree are also experiencing it together.

Beginners that start with modest amount of money and ongoing continues to learn along the way use to be more better off than person that continue to be waiting endlessly

I am not against anyone coming to the conclusion that they need to wait based on their own comfort level, yet guys trying to proclaim that there are various knowledge requirements prior to starting, that is not true since guys can decide for themselves as long as they have discretionary funds.  They can also adjust their starting position size down to a level that is comfortable for them so that they are not necessarily going to be starting out with an amount that they cannot afford to lose, and there is a lot of value in getting systems set up... whether a guy is starting his first buy with $100, $10 or some other amount. 

It surely could be the case that a guy decides that he wants to get started buying bitcoin, and someone might have told him about an exchange that he could use, and so maybe he spends a few hours reading materials on the exchange, and then after reading those materials he decides that he does not want to buy any bitcoin until he studies some other information that came up after he was reading the materials.  Guys should be able to make these kinds of determinations and/or to adjust their starting out amount size if they believe that they might not be comfortable with losing $100, yet they might still be o.k. to adjust their starting out amount down to $30 until they are able to feel more comfortable, whether they make the upward adjustment in the following week or maybe they might need a few weeks of just buying $30 each time while they look into the issues that they feel that they want to (or need to?) know.

[Tonimez]

Guys do not need to gain knowledge, understand the risks and/or make long-term plans before starting to buy bitcoin.

All bitcoin newbies need to start to buy bitcoin is discretionary funds and common sense.  With their common sense, they can figure out whether they want to start and how much they want to start with.  They can learn as they go.  Sure, if they want to (or feel that they need to gain knowledge, learn about risks and/or make long-term plans, that is their choice to make.  That information is not required to get started buying bitcoin as long as they have discretionary funds.

Yes, it is pointless for person to be stalling their investments just because they want to learn things which they could just have learnt along the way of their investments. If person ongoingly investing, it creates the appropriate avenue for them to learn properly. They can learn hings about bitcoin with ease, because whatever they are learning theree are also experiencing it together.

Beginners that start with modest amount of money and ongoing continues to learn along the way use to be more better off than person that continue to be waiting endlessly

I am not against anyone coming to the conclusion that they need to wait based on their own comfort level, yet guys trying to proclaim that there are various knowledge requirements prior to starting, that is not true since guys can decide for themselves as long as they have discretionary funds.  They can also adjust their starting position size down to a level that is comfortable for them so that they are not necessarily going to be starting out with an amount that they cannot afford to lose, and there is a lot of value in getting systems set up... whether a guy is starting his first buy with $100, $10 or some other amount. 

It surely could be the case that a guy decides that he wants to get started buying bitcoin, and someone might have told him about an exchange that he could use, and so maybe he spends a few hours reading materials on the exchange, and then after reading those materials he decides that he does not want to buy any bitcoin until he studies some other information that came up after he was reading the materials.  Guys should be able to make these kinds of determinations and/or to adjust their starting out amount size if they believe that they might not be comfortable with losing $100, yet they might still be o.k. to adjust their starting out amount down to $30 until they are able to feel more comfortable, whether they make the upward adjustment in the following week or maybe they might need a few weeks of just buying $30 each time while they look into the issues that they feel that they want to (or need to?) know.

This is a very good idea on how to beat the procrastination that comes with wanting to learn more about bitcoin before investing especially among the newbies and no coiners. There are guys who only need that initial first spark to get started and once they're able to break that resistive thoughts at the initial stage, they freely navigate the rest of their investment years because they now feel less bothered about what tomorrow could bring. It is true that folks that procrastinate don't really do it because they want to learn everything about bitcoin but because of the fear of the unknown and unwillingness to lose any (such) amount. However, this idea becomes a subtle way to break out of the no coiners zone while figuring out other factors you still haven't understood.

With the rate bitcoin is going this time, any beginner who breaks out of that fear and starts buying bitcoin, he can have enough time to buy it at a very cheap rate just like he has been here for years.

[Bigjoe33]

Regarding trading and/or shitcoin involvement, yep, so many folks will be lured into those inferior approaches to bitcoin and/or those inferior assets because they likely do not know any better or maybe they cannot figure out how to approach bitcoin from an investors mindset that likely would have a 4-10 year or longer timeline.

I agree with you, a real Bitcoin investor usually takes a 4-10 year or longer time horizon, he doesn't worry about the daily price fluctuations, but looks at the long-term value of Bitcoin, its limited supply and global acceptance. And shitcoin and short-term trading often turn into gambling-like behavior, where most people end up losing money, so before investing, gain knowledge, understand the risks and make a long-term plan.

Knowledge is important for everything we want to do, and for Bitcoin investment, we may not need all the knowledge to get started, else we man not start. So, if we are able to get common knowledge about Bitcoin fluctuations and is able to figure out our discretionary income, then we can start out investment and gradually learn alongside as we keep building.

Of course, trading and involving in shuticoins are just what has kept so many people away from starting there Bitcoin journey, as such is full of risk and makes no headway. It's best we invest, get a target and plan towards achieving that rather than trade or do shitty coins

[samadam007]

With the rate bitcoin is going this time, any beginner who breaks out of that fear and starts buying bitcoin, he can have enough time to buy it at a very cheap rate just like he has been here for years.

You just ruined your points saying that beginners still have enough time to buy bitcoin at a "very cheap rate." Whether today price is cheap or expensive... it can only be judged after the market has played out. Nobody knows what the market will do next.

It is better folks start with an amount they are comfortable with, use discretionary funds and continue learning along the way instead of boldly saying that current prices will eventually look cheap.