Investment Become Gambling

[WhoYouCantKill]

It shouldn't suprise you, when people don't have full knowledge of a particular thing, they begin to wonder and come up with conspiracies which is some people think volatility is a big deal instead using it to their advantage. Some people mostly get scared when the market goes down but if they were aware that it's a very good buying opportunity I guess they won't worry.
 That's why people who's knowledge about Bitcoin investment is high, barely panic during dips but buy more or aggressively if their discretionary income allows them to, it's those ignorant ones that mostly worry, sometimes those who came for short-term profits too (traders).

This here is the very reason why investors should buckle up to sharpen their understanding about Bitcoin, because it’s pretty clear that the main reason why so many investors fall for the volatility trap is because of ignorance and lack of understanding about the Bitcoin market. Getting started in Bitcoin may not really require you to have these knowledge first, but for someone who’s already gotten started, it’s a must have, that’s if your plan is to avoid making most of the mistakes most novices make during their journey.

[Hardyrobust]

Of course mistake is not limited to some set of people, rather it's something that happen to everyone, no one is above making mistake even though some people  claims that they don't make mistake but that's not true rather there are some certain mistakes they can't make it's called (unnecessary mistakes) this mistake is mostly done by newbies I mean does that have not gain enough knowledge about bitcoin investment, while those that have gotten the best knowledge about bitcoin investment can still make some mistake and those one's can be very expensive.

I’ll agree with you on this one here. Even some experienced investors at some point needs to figure out their own unique strategies or how and where to make some necessary adjustments, and these proceedings don’t always have some sort of a manual or guide that you can just follow and arrive at a your destination, so that means you’ll likely make some mistakes along the way, and this is just very normal for any investor, as long as you learn from your mistakes and make good use of the knowledge and experience from the lessons, and not allowing your emotions overtake and push you into making more mistakes.

This kind of strategies are normally used by newbies who came to crypto just to make profit, yes everyone want to make profit but the most important thing is that know what you want to do then you will know how to go about it. Most of the people that are new in in cryptocurrency believe that it is a shortcut to success that is why they don't bother to even get the knowledge of what they are about to do. Even the real investors usually face a lot of challenges on which strategies to use to solve their problem. Getting knowledge is what should be considered first before you can talk of investment because without that it's like you are gambling, this does not also include only cryptocurrency it involve all the General investment.

  The idea of wanting to gain knowledge about bitcoin before starting isn't the prequisite to start investing in bitcoin. What you need is to be able to figure out if you have discretionary income to invest in bitcoin which I believe you can do this with common sense. You don't need to wait until you have acquired the knowledge you feel is essential before you can start accumulating bitcoin. Ones you have figured out your discretionary funds then you are good to start buying bitcoin.

[NaTroBst]

This kind of strategies are normally used by newbies who came to crypto just to make profit, yes everyone want to make profit but the most important thing is that know what you want to do then you will know how to go about it. Most of the people that are new in in cryptocurrency believe that it is a shortcut to success that is why they don't bother to even get the knowledge of what they are about to do. Even the real investors usually face a lot of challenges on which strategies to use to solve their problem. Getting knowledge is what should be considered first before you can talk of investment because without that it's like you are gambling, this does not also include only cryptocurrency it involve all the General investment.

I do not completely agree with your words, because in the first stage of investing in Bitcoin, newbies no need to have common sense. Why am I telling you this? You will notice that newbies come to invest in Bitcoin, but they cannot bring complete knowledge, rather they invest slowly and learn everything and only then will the person who decides to deposit Bitcoin for four to ten years become a long-term investor.

But they should have this common sense, they should invest in Bitcoin from discretionary income, they should invest with the money that is left after their own and family expenses. And when they learn to invest slowly, then they should create a little emergency fund, because when they need money in an emergency, they can take money from that emergency fund and they should not withdraw the invested Bitcoin. In this way, a less talented investor gradually becomes talented, and that is through his practice.

[Joeboy]

Getting knowledge is what should be considered first before you can talk of investment because without that it's like you are gambling,

Halifat I doubt if you have really been paying attention to the discussions in this thread... The idea of waiting for knowledge before kickstarting your accumulation journey is simply a complete and utter waste of time.... And that's coz, the process of investing is a way that folks can actually learn better about how Bitcoin works, because with investing folks tend to understand better in practice how buying actually works, they also experience first hand how volatility works... But when you engage in deliberate self-exclusion you  wouldn't learn a single thing.. And so practical knowledge/or experience gotten from Bitcoin's involvement always outweighs any kind of therorectical knowledge...

[Xackie]

It shouldn't suprise you, when people don't have full knowledge of a particular thing, they begin to wonder and come up with conspiracies which is some people think volatility is a big deal instead using it to their advantage. Some people mostly get scared when the market goes down but if they were aware that it's a very good buying opportunity I guess they won't worry.
 That's why people who's knowledge about Bitcoin investment is high, barely panic during dips but buy more or aggressively if their discretionary income allows them to, it's those ignorant ones that mostly worry, sometimes those who came for short-term profits too (traders).

This here is the very reason why investors should buckle up to sharpen their understanding about Bitcoin, because it’s pretty clear that the main reason why so many investors fall for the volatility trap is because of ignorance and lack of understanding about the Bitcoin market. Getting started in Bitcoin may not really require you to have these knowledge first, but for someone who’s already gotten started, it’s a must have, that’s if your plan is to avoid making most of the mistakes most novices make during their journey.

True, someone doesn't need to learn everything about Bitcoin before they can actually begin to invest. The basic thing to know or do is figuring out your discretionary income. Learning about Bitcoin whilst investing is better because you are actually putting what you are learning into practice. Knowledge gives you confidence or builds your conviction,  Strong mentality when it comes to investing. Using your spare time to learn something isn't bad, in this modern world you can literally anything at any where at any time. If someone decides to ignore learning, every market moves will be a headache to them , because they have not idea about what's going on, which can make them to sell off their holdings.

[WhoYouCantKill]

True, someone doesn't need to learn everything about Bitcoin before they can actually begin to invest. The basic thing to know or do is figuring out your discretionary income. Learning about Bitcoin whilst investing is better because you are actually putting what you are learning into practice. Knowledge gives you confidence or builds your conviction,  Strong mentality when it comes to investing. Using your spare time to learn something isn't bad, in this modern world you can literally anything at any where at any time. If someone decides to ignore learning, every market moves will be a headache to them , because they have not idea about what's going on, which can make them to sell off their holdings.

This is mindset that smart investors have. One doesn’t really need to be a Bitcoin expert or savvy before they can get started, but it’s crucial for one to first understand enough to help them avoid making certain emotional decisions that’ll affect them both in the short and long term. I always say that there are certain situations that don’t require paper knowledge but real life experience, and how can you gain these experiences when you’re waiting till you gain all the knowledge before getting started? When investors learn while investing, they’ll be able to gain some real experiences, experiences that helps you gain better understanding of market volatility, risk management, discipline and patience.

[ruykeri]

It shouldn't suprise you, when people don't have full knowledge of a particular thing, they begin to wonder and come up with conspiracies which is some people think volatility is a big deal instead using it to their advantage. Some people mostly get scared when the market goes down but if they were aware that it's a very good buying opportunity I guess they won't worry.
 That's why people who's knowledge about Bitcoin investment is high, barely panic during dips but buy more or aggressively if their discretionary income allows them to, it's those ignorant ones that mostly worry, sometimes those who came for short-term profits too (traders).

This here is the very reason why investors should buckle up to sharpen their understanding about Bitcoin, because it’s pretty clear that the main reason why so many investors fall for the volatility trap is because of ignorance and lack of understanding about the Bitcoin market. Getting started in Bitcoin may not really require you to have these knowledge first, but for someone who’s already gotten started, it’s a must have, that’s if your plan is to avoid making most of the mistakes most novices make during their journey.

There is no need to waste time acquiring a lot of knowledge when starting to invest in Bitcoin. But there must be the desire and ability to acquire knowledge. Price fluctuations are a very common thing here. One should not panic about the volatility of short-term prices in any way. And if anyone has a long-term holding mentality, it is not right to give so much importance to the volatility of prices in short time. The investor should understand this from the beginning and invest. If he cannot control his emotions, then there will be a high possibility of loss. For this, he should first understand his mental state by investing with a small amount. After that, he can make changes in his investment planning according to his situation in the future.

[GIF-JOBS]

It shouldn't suprise you, when people don't have full knowledge of a particular thing, they begin to wonder and come up with conspiracies which is some people think volatility is a big deal instead using it to their advantage. Some people mostly get scared when the market goes down but if they were aware that it's a very good buying opportunity I guess they won't worry.
 That's why people who's knowledge about Bitcoin investment is high, barely panic during dips but buy more or aggressively if their discretionary income allows them to, it's those ignorant ones that mostly worry, sometimes those who came for short-term profits too (traders).

This here is the very reason why investors should buckle up to sharpen their understanding about Bitcoin, because it’s pretty clear that the main reason why so many investors fall for the volatility trap is because of ignorance and lack of understanding about the Bitcoin market. Getting started in Bitcoin may not really require you to have these knowledge first, but for someone who’s already gotten started, it’s a must have, that’s if your plan is to avoid making most of the mistakes most novices make during their journey.

There is no need to waste time acquiring a lot of knowledge when starting to invest in Bitcoin. But there must be the desire and ability to acquire knowledge. Price fluctuations are a very common thing here. One should not panic about the volatility of short-term prices in any way. And if anyone has a long-term holding mentality, it is not right to give so much importance to the volatility of prices in short time. The investor should understand this from the beginning and invest. If he cannot control his emotions, then there will be a high possibility of loss. For this, he should first understand his mental state by investing with a small amount. After that, he can make changes in his investment planning according to his situation in the future.

The most important thing when investing in Bitcoin is patience and mental control, you should not try to make quick profits here, many people come here just hoping for quick profits, but they cannot tolerate the natural fluctuations of the market and make wrong decisions and later they face huge losses due to this. That is why it is necessary to have mental control first, you have to start with small amounts and take yourself to a stable level first. Starting with small amounts, you have to adapt to volatility over time, and in this way, you have to become more knowledgeable about Bitcoin while keeping your investment driven. Through this, we will have less tendency to make big wrong decisions here, and it is possible to take yourself to a long-term stable state very well, where you can ignore volatility and continue investing for the long term.

[cocadalcan]

It shouldn't suprise you, when people don't have full knowledge of a particular thing, they begin to wonder and come up with conspiracies which is some people think volatility is a big deal instead using it to their advantage. Some people mostly get scared when the market goes down but if they were aware that it's a very good buying opportunity I guess they won't worry.
 That's why people who's knowledge about Bitcoin investment is high, barely panic during dips but buy more or aggressively if their discretionary income allows them to, it's those ignorant ones that mostly worry, sometimes those who came for short-term profits too (traders).

This here is the very reason why investors should buckle up to sharpen their understanding about Bitcoin, because it’s pretty clear that the main reason why so many investors fall for the volatility trap is because of ignorance and lack of understanding about the Bitcoin market. Getting started in Bitcoin may not really require you to have these knowledge first, but for someone who’s already gotten started, it’s a must have, that’s if your plan is to avoid making most of the mistakes most novices make during their journey.

There is no need to waste time acquiring a lot of knowledge when starting to invest in Bitcoin. But there must be the desire and ability to acquire knowledge. Price fluctuations are a very common thing here. One should not panic about the volatility of short-term prices in any way. And if anyone has a long-term holding mentality, it is not right to give so much importance to the volatility of prices in short time. The investor should understand this from the beginning and invest. If he cannot control his emotions, then there will be a high possibility of loss. For this, he should first understand his mental state by investing with a small amount. After that, he can make changes in his investment planning according to his situation in the future.

To avoid being scared by short-term price volatility when investing in Bitcoin, use funds that you have as an extra fund or that you are prepared to lose. Before accumulating Bitcoin, consider this extra fund or discretionary fund as an important investment strategy and be regular. Short term traders are unstable in short term price trends. Most Bitcoin investors have less emotional instability because they accumulate Bitcoin through discretionary income at each price point of Bitcoin.

I think it can be any size fund, small or large, with which you buy Bitcoin. The main thing is that you maintain yourself in a risk-tolerant position. Keep your cash funds available during those volatile times when the market is volatile. Keep an emergency fund in place to remain risk tolerant because money may be needed at any time for urgent needs.

[Gost ms]

This kind of strategies are normally used by newbies who came to crypto just to make profit, yes everyone want to make profit but the most important thing is that know what you want to do then you will know how to go about it. Most of the people that are new in in cryptocurrency believe that it is a shortcut to success that is why they don't bother to even get the knowledge of what they are about to do. Even the real investors usually face a lot of challenges on which strategies to use to solve their problem. Getting knowledge is what should be considered first before you can talk of investment because without that it's like you are gambling, this does not also include only cryptocurrency it involve all the General investment.

To invest, we only need to know whether we have discretionary income or not and whether we are aware of basic knowledge or not. If a person is able to find $10 discretionary income, then he can definitely start investing. But yes, having willpower is very important for gaining knowledge. For gaining knowledge, waiting to invest is a complete waste of time and missing out on buying opportunities. You start investing first and along with this, investing and gaining knowledge in parallel will be good for you.

We are discussing Bitcoin here. If you do not say cryptocurrency but directly say Bitcoin, then it is very convenient for everyone to understand, especially for a new person. Cryptocurrency means all the currencies in the market and there are many fraudulent currencies in the market, among which a new person can face losses by investing. So if you do not say cryptocurrency but directly say Bitcoin, then it is very convenient for everyone and many people can save themselves from being fooled.

[WhoYouCantKill]

There is no need to waste time acquiring a lot of knowledge when starting to invest in Bitcoin. But there must be the desire and ability to acquire knowledge. Price fluctuations are a very common thing here. One should not panic about the volatility of short-term prices in any way. And if anyone has a long-term holding mentality, it is not right to give so much importance to the volatility of prices in short time. The investor should understand this from the beginning and invest. If he cannot control his emotions, then there will be a high possibility of loss. For this, he should first understand his mental state by investing with a small amount. After that, he can make changes in his investment planning according to his situation in the future.

That’s right. Emotional mastery and control is in fact one of the most important qualities that every investor must have, especially when investing in an asset as volatile as Bitcoin. If someone wishes to figure out and understand their risk tolerance, then the best approach is to start small, this also helps them to avoid panic, during market price fluctuations. The main focus of any investor who plans to invest for the long term should be on constant learning and of course patience, rather than short term price movements.

[ASloveapg]

There is no need to waste time acquiring a lot of knowledge when starting to invest in Bitcoin. But there must be the desire and ability to acquire knowledge. Price fluctuations are a very common thing here. One should not panic about the volatility of short-term prices in any way. And if anyone has a long-term holding mentality, it is not right to give so much importance to the volatility of prices in short time. The investor should understand this from the beginning and invest. If he cannot control his emotions, then there will be a high possibility of loss. For this, he should first understand his mental state by investing with a small amount. After that, he can make changes in his investment planning according to his situation in the future.

That’s right. Emotional mastery and control is in fact one of the most important qualities that every investor must have, especially when investing in an asset as volatile as Bitcoin. If someone wishes to figure out and understand their risk tolerance, then the best approach is to start small, this also helps them to avoid panic, during market price fluctuations. The main focus of any investor who plans to invest for the long term should be on constant learning and of course patience, rather than short term price movements.

Yes, start small, but understand investing and make it a long-term investment. When the market goes up quickly, overconfidence builds, and when it goes down suddenly, fear and panic builds, and decisions made in greed and panic at such times always lead to losses. So we need to prepare ourselves in such a way that we can keep ourselves stable in any situation, have patience and faith in ourselves and finally, it is important to keep ourselves well prepared to keep the investment stable in the long term.