Yes. You would need to actually make up your mind and decide if you want to put your money into an investment opportunity and for a set duration. I myself would try and arm myself with enough information as i can get about and have at least, an average knowledge about something before Invest in it. So learning alongside investing is not really ideal for me.
It's easy to get jittery when investing in bitcoin cause of its volatile nature. But then, look at how far it has come and done over the years. It has overcome naysayers and today, more people than ever are aware and using it. The potential for even more growth is there only if one can manage to hold onto theirs for the long haul.
You may have been in this forum far longer than I have, but still I doubt if you really understand how Bitcoin works... Sure you are at liberty to do whatever you feels it's best for your investment, but yet understand that you really cannot understand Bitcoin by just reading about it, you understand better and effectively by getting involved(experience)... And the involvement of folks can come from them starting out small with basic knowledge and then learning more as you go on.. Folks who kickstart their investment with small amount while having to learn as they go will be more privileged than those folks who wait until they have armed themselves with enough informations before getting started...And this privileges comes from the fact that those folks who started and learnt as they go will tend to have a better and faster portfolio as well as understanding Bitcoin more due to experience that is gathered by getting involved..
I was going to say a similar thing to Iroh, and he has been registered on the forum since May 2022, yet perhaps he has been thinking about bitcoin for the whole time that he has been registered here, yet he has been and continues to be failing/refusing to get the fuck started..
So then, nearly 4 years and has he started to buy bitcoin yet? if not? when is he going to start? He does not seem to be in a good place to be giving advice, if he has not yet started investing into bitcoin.
If Iroh had started investing $100 per week into bitcoin starting in May 2022 until now, then he would have nearly 4 years investing into bitcoin, and he would have had invested right around $20k into bitcoin, and he would have had accumulated right around 0.5 BTC, which would be a really great place to be right now based on $20k invested over a little less than 4 years.
I think that a lot of normal people would like to be in a place as to have had gotten themselves of holding 0.5 BTC for some thing like $20k invested over a little less than 4 years..
I agree with the sentiment that you can't truly understand Bitcoin until you own some. There’s a psychological shift that happens when you move from observer to holder.
If Iroh had just started with even $10 or $20 a week back in 2022, the technical hurdles (wallets, seed phrases, etc.) would be second nature by now. Analysis paralysis is the biggest portfolio killer. Better to be a clueless buyer in a bear market than a genius observer watching the ship sail from the shore.
