Some Experienced knowledge about Bitcoin

[Dreadboost]

1). Bitcoin does not respect time, it respects system
Someone can hold Bitcoin for a few years and still loose if they panic sale their coins, another can hold in a few months and get massive profits.
What matters is understanding the cycles.
I see some post saying you don't need to understand the coin before you invest in it, but i use this post to correct that, you have to know and get good and basic knowledge about the coin before you invest in it. But do not deley to get this knowledge, so it will not be an excuse, you can know alot about Bitcoin in the gap of one month of few weeks, and you are ready for investment. reason for this knowledge is for survival and also to not make regrettable mistakes when you have already investing it.
If you have invested already and you don't know much about the coin, let this post be a reminder for you to go and learn more about it.

-Investing in a system you don't understand is gambling.

2). Bitcoin transfers money from the inpatient investors to the disciplined investors.
Recently alot of investor's sold their coins, not because they are satisfied but because the are impatient or frighten about the recent movements that Bitcoin that Bitcoin show cased, but those how wait with understanding and structure will definitely be rewarded.

3). Bitcoin is and has always been on an up trend.
 I also see some post saying Bitcoin has changed trend. Bitcoin never changed trend it is just on a corrective place or a retracment phase, go and get more knowledge about it

4). Volatility is not a risk, your reaction is.
 Volatility only affect short term investors I classify as swing traders,
Their reaction because of the volatility causes them to end up in losses. but those who consider Bitcoin as a long term investment has less to worry about

5). Bitcoin is a long term investment.
 Bitcoin moves up slowly but will definitely move up, proof lies on scarcity and previous performance of the coin

6). Have a job before you invest in Bitcoin
 If you have an income, it is like a patient portal pill,
 and from you you job you will have money to accumulate more

7). Emergency funds is real and important.
  An emergency funds is Money set aside for unexpected bills, building emergency funds is very important, so in times that your in a tight corner and you need money. you don't have to sale your coins, instead you use the funds kept aside for that purpose.
This prevents panic sales of coins

I decided to shear this in this forum
It is just some things I understood since I started investing in Bitcoin
If you know more I didn't mention about be free to share in this thread.
It will help even as we all move into a new year.

[NurseHub]

The controversial statement of you don't need to understand it to invest in it only means that you don't have to figure it all out before you can invert in it, you can be investing while figuring out everything you needed to know about bitcoin in the long run, bitcoin is very complex, it's not just that what you think you have learnt about bitcoin that is bitcoin, you can gain bitcoin investments knowledge so soon because it's the same thing with other investments but you can't pick up all about bitcoin too easy to you have to be learning and accumulating not waiting till you have all the knowledge, you can end up not investing after having all the knowledge that is what we are saying with that controversial statement.

[Agbamoni]

-Investing in a system you don't understand is gambling.

I am very much interested in this part of your point.

People are making mistakes because they dont care to know what Bitcoin is all about before embarking on their journey. There is a popular saying that "what you dont know is bigger than you". It applies to bitcoin and life in general.

Whether you choose to be an investor, trader, or miner, whatever path you choose,e you must learn Bitcoin.

[Realwhot]

6). Have a job before you invest in Bitcoin
 If you have an income, it is like a patient portal pill,
 and from you you job you will have money to accumulate more

7). Emergency funds is real and important.
  An emergency funds is Money set aside for unexpected bills, building emergency funds is very important, so in times that your in a tight corner and you need money. you don't have to sale your coins, instead you use the funds kept aside for that purpose.

You must not have a job before you can invest in Bitcoin. Bitcoin is like an investment and what you need to have a place where you get money from which must not be a job. Where many people are making mistake is that they are depending on Bitcoin for their profit and any time there is a dump they will end up rushing to sell which will put them in loss instead of profit.
Many people think that Bitcoin is a way to quickly get rich and they do not even bother to understand how it is working first but they just troop in and expect big returns like meme coins.

[Hypnotizer]

6). Have a job before you invest in Bitcoin
 If you have an income, it is like a patient portal pill,
 and from you you job you will have money to accumulate more

Dis wan dey important very very well, because if you get work or job wey go dey give you income, to dey DCA no go hard you and you fit successfully build your Bitcoin portfolio overtime. During your accumulation Journey having a stable job go help pesin wella, you go fit allocate some part of your income into your investment.

-Investing in a system you don't understand is gambling.

I am very much interested in this part of your point.

People are making mistakes because they dont care to know what Bitcoin is all about before embarking on their journey. There is a popular saying that "what you dont know is bigger than you". It applies to bitcoin and life in general.

Whether you choose to be an investor, trader, or miner, whatever path you choose,e you must learn Bitcoin.

Not understanding the system is one of the reason why many people dey panic sell during dip or correction, nah why e dey very important to understand anything wey you wan put your money inside. E dey very surprising to see many people no dey bother about learning and understanding the system before joining while nah Wetin suppose be the first step bedat.

[DubemIfedigbo001]

4). Volatility is not a risk, your reaction is.
 Volatility only affect short term investors I classify as swing traders,
Their reaction because of the volatility causes them to end up in losses. but those who consider Bitcoin as a long term investment has less to worry about

Recently, Bitcoin volatility has decreased a lot, the price has been fairly stable for a while now, maybe the issue of Bitcoin high volatility has been addressed, just maybe!

5). Bitcoin is a long term investment.
 Bitcoin moves up slowly but will definitely move up, proof lies on scarcity and previous performance of the coin.

Bitcoin upward movement isn't that slow, it's not just instant. it experienced about 800%+ price appreciation from three years ago with respect to the last ATH.

6). Have a job before you invest in Bitcoin
 If you have an income, it is like a patient portal pill,
 and from you you job you will have money to accumulate more

You only need to have a source of income and it does not have to be a steady one. As long as you can identify to having discretionary income, you're good to invest into Bitcoin.

[IceLincoln]

Yeah OP you don try for Wetin you write it’s important to share knowledge gained, one way or another it’ll help the next person.
I just wanto to clarify some things; Having a job is not necessary before you can start investing, once you’re able to sort out your discretionary money you can start investing, having a job might only give you a good financial cushion but not for everyone cos some persons can have a job but can’t sort out their discretionary money.
Having basic knowledge before investing is good but once you’ve started investing you have to try to increase in your knowledge of bitcoin. Naturally sha once you start to invest you go wan know more to protect your money so you go know all the dos and donts and all requirements make ya money no go. The important thing na make you start first.

[Cryptomultiplier]

Yeah OP you don try for Wetin you write it’s important to share knowledge gained, one way or another it’ll help the next person.
I just wanto to clarify some things; Having a job is not necessary before you can start investing, once you’re able to sort out your discretionary money you can start investing, having a job might only give you a good financial cushion but not for everyone cos some persons can have a job but can’t sort out their discretionary money.
Having basic knowledge before investing is good but once you’ve started investing you have to try to increase in your knowledge of bitcoin. Naturally sha once you start to invest you go wan know more to protect your money so you go know all the dos and donts and all requirements make ya money no go. The important thing na make you start first.

Once someone could take the first step to start using Bitcoin, the way opens up and more use case comes to life.
For wealth accumulation and creation, for transactions and payments for financial security in places where countries and regions have devaluing currency and for other good reasons I can't even begin to mention because the application of Bitcoin and crypto currencies varies for every individual need.

[Asiska02]

Understanding and having a grasp on what you want to invest into is very important because it guides you throughout your investment journey. Some investments do not need you to have an in-depth knowledge about them before you can partake in them, just have the basic ones and that will give you a picture on what you’ll further expect from the investment and well prepared you’ll get for the obstacles that lies ahead.

Every business has their ups and down, so knowing what you’re investing into by getting to learn about the advantage and disadvantage of the business will help you a lot. Bitcoin is broad, but having the basic knowledge of it will help any investor that have started their investment with them. It will guide and shape their decision making process during the course of the investment.