The role of Experience in Bitcoin accumulation.

[Shineup]

Bitcoin investment needs allot of clarification and knowledge  before anyone can enter. I am of the school of taught that anyone who has in mind to invest should atleast get an already experienced in bitcoin talk to properly school you on all the details that you need. Get to know the risks and benefits, when to and when not invests amongst allot of things that you need to know in the bitcoin world before  investing.

No doubt about getting basic knowledge since nobody can go into what they don't have any idea about, it is essential to get the basic knowledge including the potential risk and benefits thereafter have your own conviction to go in to Bitcoin investment and this should be a sole objective, knowledge about Bitcoin can be gotten any where even though I see this place to be one if not the best place where knowledge about Bitcoin is shared, alot of people have already gotten some basic knowledge about Bitcoin before coming here. That being said, a lot of people has said this which is very correct, the knowledge gotten from experience is more profound and better getting started with the little knowledge and preparedness is better than wanting to know it all.

[Showlove01]

Bitcoin investment needs allot of clarification and knowledge  before anyone can enter. I am of the school of taught that anyone who has in mind to invest should atleast get an already experienced in bitcoin talk to properly school you on all the details that you need. Get to know the risks and benefits, when to and when not invests amongst allot of things that you need to know in the bitcoin world before  investing.

I don't know the kind of investment you are saying that needs a lot of classification of knowledge because for Bitcoin investment you need too much knowledge before you go start to dey invest rather waiting you just need to start na basic knowledge which comprises of; how you go take buy or accumulate and how you go take hold, the wallet wey go dey safer to keep those Bitcoin and how you go take source out your discretionary income and emergency funds etc and then some other important things we also be learn as you go into...

[Proty]

Bitcoin investment needs allot of clarification and knowledge  before anyone can enter. I am of the school of taught that anyone who has in mind to invest should atleast get an already experienced in bitcoin talk to properly school you on all the details that you need. Get to know the risks and benefits, when to and when not invests amongst allot of things that you need to know in the bitcoin world before  investing.

I don't know the kind of investment you are saying that needs a lot of classification of knowledge because for Bitcoin investment you need too much knowledge before you go start to dey invest rather waiting you just need to start na basic knowledge which comprises of; how you go take buy or accumulate and how you go take hold, the wallet wey go dey safer to keep those Bitcoin and how you go take source out your discretionary income and emergency funds etc and then some other important things we also be learn as you go into...

you don't need too much knowledge just like you said before you will start accumulating bitcoin. Basic knowledge of bitcoin is what you need to start buying bitcoin. Every other thing you need to know, you can learn while you have already started. It will even increase learning speed, since we will be buying the opportunity of increasing our knowledge about bitcoin and also to be able to utilise the opportunity that the market offer instead of delaying our investment allowance in the name of wanting to know about bitcoin.

[Bigjoe33]

Bitcoin investment needs allot of clarification and knowledge  before anyone can enter. I am of the school of taught that anyone who has in mind to invest should atleast get an already experienced in bitcoin talk to properly school you on all the details that you need. Get to know the risks and benefits, when to and when not invests amongst allot of things that you need to know in the bitcoin world before  investing.

, a lot of people has said this which is very correct, the knowledge gotten from experience is more profound and better getting started with the little knowledge and preparedness is better than wanting to know it all.

Yea, wanting to know it all before getting started is the real delay and a killer of time. Basic knowledge is just too important no doubt, at least, you should know your left from your right before getting started. But those who really want all the knowledge are those that are not ready at all. Is it even possible to know it all? It's a capital NO! I think that fear of I don't know it at all and hence I wouldn't begin should left behind and would be investors should get basic knowledge and begin, with time, they would learn more firm experience.

Waiting to know everything or get financial stability is a wrong idea as it will only waste your time and keep you out of investment. The best time to start is Now, and experience will do so many other teaching.

Well said! I dey always talk am say you fit don miss bitcoin early days the next best time to buy bitcoin is now. Once you sabi the basics of how to buy and hodl your coins for the right wallets you dey good to go. To learn about this aspect of bitcoin no go take pass 2 days max

Yea, that's it. Some people are just so afraid to get started, especially because money is involved. The knowledge is everywhere, one can ask few questions, take on research to get the little basic knowledge, and then get started. I see those who give these so many excuses for not starting as people who are not interested or not yet ready to begin. If they are really ready to begin there accumulation journey, they would find out a way to get the basic knowledge and get started.

Having a basic knowledge is very important when investing in Bitcoin, because first of all when you hear about Bitcoin you should know that isn’t a crypto scam, like most people usually think that Bitcoin is a scam, that is the first knowledge that is understandable, then learning what platform to buy Bitcoin is also very essential and important, I have been following and buying and accumulating bitcoin for a very long term I have come to understand that buying and holding bitcoin for a maximum of two circle is very good which is why we have to always endeavor to buy bitcoin consistently.

Having that knowledge to hold bitcoin for a long term, and also having that understanding to keep holding for two circles, and also having that sustainability mindset and to keep holding and also building an emergency fund and reserved funds.

Surely, having basic knowledge about Bitcoin before getting started is very important, and can't be downplayed. You can't just get into something new without even an itch of an information about it. Potential investors must ask questions and look at for starters knowledge before kick starting. It's is ideal other than sit all day wanting to know everything before they start.

[icebar]

Some of the points that has made so many newbies or potential investors not to have started there Bitcoin investment journey are common factors such as..
*Am waiting for the perfect time to start.

Those who wait for the perfect time to invest in Bitcoin will not be able to start their investment. In investing, the investor must start. Some people think that they will buy from the dip, but buying from the deep is not possible for everyone. For those who try to buy from the dip, the price of Bitcoin will increase further, which will later exceed their purchasing power. Therefore, it is better to start investing according to the capacity that they have.

[Scarlett_23]

Knowledge gained from experience rather than knowledge gained from books, television, newspapers or computer screens or mobile phones is very important in human life. In many countries of the world, citizens are faced with the question of whether they have practical experience to get a job in a good organization even after having a higher degree. I mean that even after having a higher degree, it takes more time to gain experience. It is very time-consuming.

But in the case of Bitcoin investment, if a person has basic knowledge and a system to meet his basic needs and has an emergency fund of 3-6 months, he can invest here and decide to do something better in the light of the practical knowledge gained from here. Here, the one who can take quick decisions and invest quickly is the one who is ahead.

[Bigjoe33]

Those who wait for the perfect time to invest in Bitcoin will not be able to start their investment. In investing, the investor must start. Some people think that they will buy from the dip, but buying from the deep is not possible for everyone. For those who try to buy from the dip, the price of Bitcoin will increase further, which will later exceed their purchasing power. Therefore, it is better to start investing according to the capacity that they have.

Sometimes, you may even have some money to buy from the Dip, but you don't know when such dips might come. So you might end up waiting till eternity before the Dip comes. Waiting for a perfect time too, is a delay statement. The perfect time to start is now, provided the investor has a basic knowledge and is able to figure out his discretionary. Am sure if he begins his investment, along the line, he would learn alot from experience.

Knowledge gained from experience rather than knowledge gained from books, television, newspapers or computer screens or mobile phones is very important in human life. In many countries of the world, citizens are faced with the question of whether they have practical experience to get a job in a good organization even after having a higher degree. I mean that even after having a higher degree, it takes more time to gain experience. It is very time-consuming.

Yea, that's how important experience is in whatever we want to do. I have been a victim of that previously and due to lack of such experience, I lost the job. Been in a particular thing for some time takes one across the journey of experience as it is bedrock of growth. Acquiring experience is important but we can acquire it if we don't start at all. We must start and acquire as time goes on.

[Obim34]

Those who wait for the perfect time to invest in Bitcoin will not be able to start their investment. In investing, the investor must start. Some people think that they will buy from the dip, but buying from the deep is not possible for everyone. For those who try to buy from the dip, the price of Bitcoin will increase further, which will later exceed their purchasing power. Therefore, it is better to start investing according to the capacity that they have.

Strategy is always good when investing, yes it can demand you to wait for the right moment when you don't have a good cash flow to invest at any price, a perfect time is when the investor feels comfortable buying, we can't say those who hold their funds waiting for the market to drop are doing it wrong, some strategies involves waiting to buy dips and are also profitable when executed well.

[Hustle2025]

Experience can be seen as the knowledge or skill a person gains through doing something or living through events. It comes from practice and observation, not just from studying or being told. In simple terms, experience is what you learn from what you’ve done or gone through.

Accumulation is the process by which Bitcoin is gradually built up Bitcoin holding by mining, buying and earning.
Bitcoin accumulation is another way of saving money, but with more risk and potential rewards.


Experience teaches;
1. How to read market trends and understand cycles.
2 How to Avoid scams and fake investment.
3. How to use wallet and private keys salfe.
4. How and when to buy or hold without panic

[Osiokwudiri]

Having experience is crucial for accumulating Bitcoin, as it shapes investment choices and actions. Investors who've invested in crypto before tend to be more confident and invest more in Bitcoin, with a better grasp of market trends and risks.

[Padi24]

The truth is that, one cannot actually know everything about bitcoin before starting Bitcoin investment and at the same time having some basic knowledge of bitcoin is equally very necessary before venturing into bitcoin investing, like knowing how bitcoin works, how to buy bitcoin, where to buy bitcoin and possibly know how to keep your bitcoin safe, when you have this basic knowledge, as time goes on some other things can be learned as you are already in the bitcoin business or investment.

This is true, is almost impossible for One to know everything before getting started that is we are advised to go for the basic knowledge in order to get started, then in the process of accumulating Bitcoin that's how we will be learning different things which most of this things might not be review to us if we wait to learn everything before getting started. Those that think they can actually learn everything before getting started with Bitcoin investment are just wasting their time because there's no way they would learn everything about Bitcoin unless they get started.

[DiMarxist]

I agree you don't need to wait until you have gather all the experience before deciding to commit by investing into Bitcoin. We as human beings learn over time as we get used to a thing for a while such a thing become part of you do anyone waiting to know everything about Bitcoin is not likely to invest in Bitcoin because there will be no time were any individual will know everything Bitcoin. What is needed is the basic knowledge because till today Even those we consider as guru's in Bitcoin is still learning one new thing that they don't learn.

[Yablee0]

Waiting to know everything or get financial stability is a wrong idea as it will only waste your time and keep you out of investment. The best time to start is Now, and experience will do so many other teaching.

Like it is said countless times, time is a respecter of no one therefore always take advantage of time when available because late entry is always a red flag to you as an investor. I can understand that money is rarely hard to get this days but when it concerned something as important and profitable like Bitcoin excuses are not to be entertained at all cause.

However on a more serious note unnecessary excuses has stopped so many investors from achieving greatly from Bitcoin innovation and until we learn to utilize the little resources we have and do the needful we will still be left out on more better things to come.

[Nightwalker(NW)]

To be realistic venturing into what people do not have proper ideas of is actually very tough and hard because they could be finding up for themselves while they securing their their Bitcoin accumulations.
Conspicuously it would be that hard to determine how the market works and react over the time. Most times it always good to study the market right and even though such person understood technical and fundamentals analysis it doesn't give them direct profit from the space, sometimes they would have to also understand social influences which is the most deriving sensitive section.

[Dulen007]

you don't need too much knowledge just like you said before you will start accumulating bitcoin. Basic knowledge of bitcoin is what you need to start buying bitcoin. Every other thing you need to know, you can learn while you have already started. It will even increase learning speed, since we will be buying the opportunity of increasing our knowledge about bitcoin and also to be able to utilise the opportunity that the market offer instead of delaying our investment allowance in the name of wanting to know about bitcoin.

I dey wonder why you feel say no too much knowledge dey necessary before you start to invest. The reason I dey ask be say, usually, people talk say the more research and understanding wey person get before putting money inside anything, the better the chance to see good results. Take Bitcoin as example, the market as we all know dey very unpredictable, prices fit go up or down sharply, and risks like scams or losing access to your wallet. If you sabi well how to buy, hold, store safely, and manage your money, e go reduce the chance say you go make costly mistakes. Even if you start with basic knowledge, the more you prepare, the better protection you go get for your investment, and the higher chance say you go achieve better longterm results.

[Bigjoe33]

you don't need too much knowledge just like you said before you will start accumulating bitcoin. Basic knowledge of bitcoin is what you need to start buying bitcoin. Every other thing you need to know, you can learn while you have already started. It will even increase learning speed, since we will be buying the opportunity of increasing our knowledge about bitcoin and also to be able to utilise the opportunity that the market offer instead of delaying our investment allowance in the name of wanting to know about bitcoin.

I dey wonder why you feel say no too much knowledge dey necessary before you start to invest. The reason I dey ask be say, usually, people talk say the more research and understanding wey person get before putting money inside anything, the better the chance to see good results. Take Bitcoin as example, the market as we all know dey very unpredictable, prices fit go up or down sharply, and risks like scams or losing access to your wallet. If you sabi well how to buy, hold, store safely, and manage your money, e go reduce the chance say you go make costly mistakes. Even if you start with basic knowledge, the more you prepare, the better protection you go get for your investment, and the higher chance say you go achieve better longterm results.

Sure, all you have stated is true, and am sure you guys are just saying the same thing. When @Proty says, you don't need too much knowledge to start, he doesn't mean you don't need to know anything to start, nope. He meant that,, you must not know everything before your start, but some basic knowledge is actually needed. Just the things you mentioned, they are important to secure your assets from theft scammers.

You know, some poeple will always shy away from starting something. They would want to analyze and check and keep checking.  Wanting to learn almost everything before they can start, especially since it's money related. I think that's the angle or what @Proty was speaking somehow against. That you can possibly learn everything before you can start, after all, the best knowledge will be gotten from personal experience. So, if an investor can figure out what is discretionary is, with some basic knowledge about Bitcoin, then he can begin his investment while also figuring out other best ways to invest and safeguard himself. While some measures have been put in place, then your begin.

It has also been advisable that newbies start there investment with little amount for accumulation using the DCA strategy while the figure out and adjust or understand and build confidence in there investments, then they can increase there buying amount to there desired choice.

[Bitcoin.com97]

The basic and necessary things to do is having a primary knowledge about Bitcoin, waiting to get all the money or having such mindset has kept many people backward which some regrets now ,you don't need all the knowledge before you start,you don't need to have 1btc before you start,as long as you have something doing ,start from there ,start your accumulation journey little by little and be consistent which is the most important thing,and lastly have long term investment plan with that one won't panic because of the volitility of the market ,with this mindset and policy ,you will be amazed at the your portfolio at the right time

[Hardyrobust]

Some of the points that has made so many newbies or potential investors not to have started there Bitcoin investment journey are common factors such as..
*Am waiting for the perfect time to start.

Those who wait for the perfect time to invest in Bitcoin will not be able to start their investment. In investing, the investor must start. Some people think that they will buy from the dip, but buying from the deep is not possible for everyone. For those who try to buy from the dip, the price of Bitcoin will increase further, which will later exceed their purchasing power. Therefore, it is better to start investing according to the capacity that they have.

It possible for anyone to buy the dip provided they have the discretionary income to do so. It is only when they decide to wait for the price of bitcoin to dip before they can buy that's is when it is definitely a bad idea , if not there is nothing wrong for an investor to buy the dip . Anyone can buy the dip by setting aside some percentage of there discretionary income for this purpose and still be buying bitcoin consistently using the DCA strategy.
To buy bitcoin during dip is an opportunity for investors to acquire more bitcoin at a lower price and this opportunity is available for everyone.

[Son Of Blockchain (SOB)]

It possible for anyone to buy the dip provided they have the discretionary income to do so. It is only when they decide to wait for the price of bitcoin to dip before they can buy that's is when it is definitely a bad idea , if not there is nothing wrong for an investor to buy the dip . Anyone can buy the dip by setting aside some percentage of there discretionary income for this purpose and still be buying bitcoin consistently using the DCA strategy.
To buy bitcoin during dip is an opportunity for investors to acquire more bitcoin at a lower price and this opportunity is available for everyone.

Very possible because if you're a consistent accumulator you'll definitely encounter lots of dips that's why I think people who wait for the dip to buy are wasting opportunity cause why not stay consistent and still encounter different dips than wait for it before buying well everyone can do whatever they like with their money.
 Every season has their opportunities including dips but some people are scared of it cause they don't have longterm mentality so they take profits to avoid lose, but for someone with a longterm mindset, taking profit during dips is equivalent to lose.

[Bryan jessy]

The basic and necessary things to do is having a primary knowledge about Bitcoin, waiting to get all the money or having such mindset has kept many people backward which some regrets now ,you don't need all the knowledge before you start,you don't need to have 1btc before you start,as long as you have something doing ,start from there ,start your accumulation journey little by little and be consistent which is the most important thing,and lastly have long term investment plan with that one won't panic because of the volitility of the market ,with this mindset and policy ,you will be amazed at the your portfolio at the right time

Basic knowledge is what is required to start Bitcoin investment that is what most people forget because it is not possible to get all the knowledge before a person starts accumulating else he will end up not having any Bitcoin in his possession, I think some people need to be sensitized about this issue of wanting to acquire all the knowledge before they go into Bitcoin investment, with basic knowledge and experience as time goes on no doubt a person will start understanding better how it works, it's just like the our first time in the forum everything was strange and it looked difficult as at then but because of determination, we never gave up but we stayed, study, and learn, that is how other things should be treated.