Can small investors actually make good profit with bitcoin ?

[PhilosopherKing]

Huh?  What is the "basic knowledge" that you believe newbies need to learn before getting started?

Do they have discretionary funds?

Do they know from where they are going to buy?

Do they have an ability to make reasonable choices for themselves?  or you want to treat them like a 12 year old merely because they are new to bitcoin?  Do you presume the bitcoin newbie to be 12 years old?

I do understand your point. A newbie doesn't needs to know everything pertaining bitcoin investment before they can start accumulating bitcoin. Once they are able to figure out there discretionary income,where they can buy bitcoin, and can be able to handle there financial decisions. Then they can start accumlating bitcoin and every other thing that they need to know, they can learn as they continue with there bitcoin investment.
As of getting to know about self custody, security and how bitcoin works. All of this they can learn as they continue investing in bitcoin.

Guys has a way of being so fond of making the road to investment look very hard. They think they need all the knowledge just to start buying bitcoin ongoingly. But they don't need to know all things before buying. In addition to what you say I also think it is important for person to also have common sense in addition to having discretionary income. Don't just assume that all person will make the right decisions in their investments, and that is why common sense is important here. Not every person can invest $50 and not all person can also invest with $100. For some of those person that can't, that amount can look to o much even when that amount is their discretionary. It is through common sense that person can be able to figure out the capacity of what they can buy ongoingly and not burn out while doing it.

With common sense they can figure out their expense and all the other places their money goes to like building emergency money and all of that and it is also with this common sense they can be able to know what is remaining after all expenses have been do, so they can be able to ongoingly invest with it.

[Cleanslate_]

As long as you keep holding for a long term without sell, as the years goes by the value of Bitcoin will keep increasing so no matter how little you can be able to be accumulating consistently for a long term definitely you will surely make a good profit at the end of your overaccumulation stage.

[Zackz5000]

As long as you keep holding for a long term without sell, as the years goes by the value of Bitcoin will keep increasing so no matter how little you can be able to be accumulating consistently for a long term definitely you will surely make a good profit at the end of your overaccumulation stage.

Bitcoin has been increasing as the year go though it will drop and still increase again this has been the nature of Bitcoin from start it's volatility makes it go up and down but we can't be very sure that we will make good profit even after holding long, we are not guarantee of anything as we are not sure yet if we will be at profit side or lost since the future can't be predicted.

As a volatile asset folks are advise to accumulate Bitcoin with their discretionary income since nothing is guaranteed it's not where you put all your hope and income on because you may get disappointed or you may not also, the idea why investors should invest with their discretionary income is incase things goes right or wrong if things goes right better and good if it goes wrong nothing much was lost just discretionary income.

[Tamaperdana]

I have been thinking lately about how investing in bitcoin is actually a great idea but also it can be really hard to make profit off bitcoin if you're a small Investor
Imagine this:
If bitcoin is at $64k and me as a small investor bought with $1k, for me to make 100% profit bitcoin will have to hit $128k, that is still feasible
But if I'm hoping to make a 200% profit on my investment bitcoin price will have to get to $256k, how achievable is that ? And if it's achievable how long is it going to take

Which brings me back to my question
Can small investors actually make good profit with bitcoin?

Or are there other ways to make money with bitcoin as a small investor rather than just buy and hold?

Yes, it's undeniable that if you only invest $1,000 in Bitcoin and don't increase it, the returns won't be significant. However, if you have a steady income, whether monthly or every few months, I recommend continuing to buy Bitcoin as much as you can. By making regular purchases over a four-year period, I think the results could be quite good.
Especially if you can hold your Bitcoin for two cycles, I think your potential for profit could be even greater. This is just a suggestion, but it's what I'm currently implementing.

Like you, I started out with a small amount of capital when I invested in Bitcoin. But over time, I've continued buying Bitcoin, and I plan to hold it for at least two cycles. Furthermore, if you're asking how to make money with Bitcoin other than buying and holding, I don't know. Trading Bitcoin, I think, is quite risky. Especially if you're using multiples ( future ). So in this case, I can't offer any other advice than investing.

[PERtua]

I have been thinking lately about how investing in bitcoin is actually a great idea but also it can be really hard to make profit off bitcoin if you're a small Investor
Imagine this:
If bitcoin is at $64k and me as a small investor bought with $1k, for me to make 100% profit bitcoin will have to hit $128k, that is still feasible
But if I'm hoping to make a 200% profit on my investment bitcoin price will have to get to $256k, how achievable is that ? And if it's achievable how long is it going to take

Which brings me back to my question
Can small investors actually make good profit with bitcoin?

Or are there other ways to make money with bitcoin as a small investor rather than just buy and hold?

Small investors who invest in Bitcoin just once without any plan to increase their allocation to build up their Bitcoin holdings then he will find it very difficult to make a good profit. Bitcoin does not offer quick returns in the short term. And the people who have made good profits from Bitcoin are those who invested in it for the long term. Perhaps you shouldn’t expect to get what you want too quickly. I think you should adopt a strategy of gradually increasing your Bitcoin investment allocation. You can use dollar-cost averaging to achieve gradual compounding. If Bitcoin’s value doubles or even more then you should have already realized a good profit by that point. So I personally believe that small investors can maximize their future returns if they consistently set aside a portion of their investment each month allowing them to experience significant gains in their portfolio over time.

I believe that the most common issue with small investors is that they tend to look at the Bitcoin price as opposed to how their investments are performing in their portfolios. Just waiting to see BTC rise from $64k to $256k and then profiting off the increase is not the only way to generate substantial profits. The sensible way is to continue to do so via DCA if you have the funds. Regular small purchases can accumulate over a number of years. Bitcoin has been an impatience killer for sure.Bitcoin has been a patient rewards machine, not a quick profits machine. A small investor who regularly invests and is buying through the rallies and downturns of a market, will end up faring much better than someone who made only one investment and sits on the sidelines waiting for a massive price increase.

[Itz-prisigold]

As long as you keep holding for a long term without sell, as the years goes by the value of Bitcoin will keep increasing so no matter how little you can be able to be accumulating consistently for a long term definitely you will surely make a good profit at the end of your overaccumulation stage.

You are right about investor's holding their Bitcoin for long term, but I will not want to sound as if I am very certain about the future of Bitcoin. Because the truth is that none of us really know how Bitcoin is going to perform in the future or how many months or years it will actually take Bitcoin to reach a new all time high, so i think it is just better for all small investor's to just remove their mind from short term profits and starts putting their focus on accumulating Bitcoin with what he or she can actually afford to leave untouched for long term.

If along the line the price of Bitcoin preforms very well, then that is really a good achievement for all investor's. But I think it will be better if small investors have a realistic mindset when starting their investment journey, because keeping your expectations real actually help you from being disappointed or even making any emotional decisions.

[JayJuanGee]

Well said, which is why every new investor ought to acquire basic knowledge of investing in Bitcoin, both its pros and the cons of it before deciding on an investment method because without verify  the information they receive, they will keep making mistakes by applying the wrong principles which could ruin their plans, which will help them to remain responsible and disciplined kos that's how small investors can profit from their investment.

Huh?  What is the "basic knowledge" that you believe newbies need to learn before getting started?
Do they have discretionary funds?

Do they know from where they are going to buy?
Do they have an ability to make reasonable choices for themselves?  or you want to treat them like a 12 year old merely because they are new to bitcoin?  Do you presume the bitcoin newbie to be 12 years old?

I think the questions already raised here by JJG explains it all. Off course, that one is a Bitcoin newbie doesn't mean they know nothing or have no human sense and/or reasoning, and thus, they could still reason and know how best to do what is okay and keep there investment safe provided they have the ability to make reasonable decisions.

What's major is the ability to figure out there discretionary. Once this is done, then every other thing as regards starting is secondary. They could begin buying gradually while they personally discover some other things while in the market already. Trying to look at basic knowledge as a criteria to starting in a broader perspective might seem to ambiguous as many may be looking at it from the angle of learning or knowing a whole lot of things before getting started. Whereas, the concept of basic knowledge simply connotes you having been able to figure out your Discretionary and a common sense.

Basic knowledge is not figuring out discretionary funds and common sense.

Basic knowledge is a vague and ambiguous standard that other people try to proclaim to be required for others, and others do not need anything besides discretionary funds and perhaps knowing from where they are going to buy their first bitcoin. They do not need to know anything else, except to the extent that they might impose requirements upon themselves.  That is their choice not something imposed by others, since if a guy has discretionary funds and he knows from where he can buy bitcoin, then he can get started and buy his first bitcoin (satoshis).

Well said, which is why every new investor ought to acquire basic knowledge of investing in Bitcoin, both its pros and the cons of it before deciding on an investment method because without verify  the information they receive, they will keep making mistakes by applying the wrong principles which could ruin their plans, which will help them to remain responsible and disciplined kos that's how small investors can profit from their investment.

Huh?  What is the "basic knowledge" that you believe newbies need to learn before getting started?
Do they have discretionary funds?

Do they know from where they are going to buy?
Do they have an ability to make reasonable choices for themselves?  or you want to treat them like a 12 year old merely because they are new to bitcoin?  Do you presume the bitcoin newbie to be 12 years old?

This is the summary of what is needed by newbies to get started already and I love how you made it easy for everyone to understand. So  long as the answer to the questions you asked are affirmative, then a newbie is all set to get started and while at it, he will begin to see the need for other things... this is called learning on the process.

If a bitcoin newbie sees something that raises a red flag or feels that he needs to know something besides his having discretionary funds and knowing from where he is going to buy his first bitcoin, then that is up to him to decide the extent to which he is comfortable or not and whether he can either start buying or maybe to reduce the amount or maybe he will decide not to buy any until he resolves some issue that he believes is important to resolve.  There are no "basic knowledge" requirements, as guys keep proclaiming to be the case.

It is not right to assume that newbies need all the knowledge of Bitcoin from the very beginning, that is not even possible because Bitcoin is broad and anyone waiting to understand everything before getting started may not even get started. There is really no replacement for experience and that can only be gotten when someone is already involved in doing the job already.

I keep giving the example of a guy who knows that he has $100 available each week to buy bitcoin, yet on purpose he determined that he is only going to buy $30 per week until he gets more comfortable. Why can't he do that?  What is it that he needs to know before he can start to buy $30 per week and to learn along the way?  If someone gives some example, then maybe we might see some circumstances that a guy might not be able to get started, yet I hardly accept that there is some amorphous "basic knowledge" that a person needs to have before he decides for himself whether to get started and how much he is going to start with, whether $100 per week, $10 per week or some other amount.

[edited out]

a new investor doesn't have to wait until they know everything about bitcoin before getting started. however, i think that besides having discretionary income, understanding selfcustody wallet and how to secure them properly is also essential
if they still find selfcustody too complicated, then they are probably not ready to invest. because btc held on an exchange doesn't fully belong to them. what is the point of investing if you put your money in but can't be sure the asset truly belongs to you?

if we don't even know how to keep our asset safe, how can we expect to make money from them?
protecting your capital should always come before chasing profit.

You think that a person who starts out with $100 per week, $10 per week or maybe $30 per week has to learn self custody before making his first bitcoin purchase?

How about a grandma or a 70 year old? 

Do you think that everyone has to learn self custody in order to be qualified to start buying bitcoin?

[edited out]

To Achalugo BTC, I would like to start by saying that in my short experience, it will take a long time for an investor to develop the knowledge needed to be responsible, patient and disciplined about investing. This is not possible without some long-term investment experience.

And JayJuanGee as per your question I would say Beginners do not need much knowledge before investing. They can start small by identifying your extra money, deciding where to buy Bitcoin, and determining the amount to buy according to your ability.
After meeting the necessary expenses, a common person can easily calculate whether there is real extra money. And without extra money, I do not think it would be right to invest in Bitcoin.
And it certainly does not take much time to learn where to buy Bitcoin. If I speak for myself, I have known this for a few years before coming to this forum.

I am not going to presume anyone knows where to buy bitcoin, and there is likely local variation.  Some people might need to spend time figuring out from where they are going to buy bitcoin, and let's say that they check through one possible buying source, and then they find some red flags, they might want to continue to check for other possible places to buy bitcoin.  Even though several of us (including yours truly) considers it important to get started buying bitcoin as soon as possible, I doubt that we can put a time frame on how long we believe it is reasonable for any particular person to have had been able to look into from where they would initially start to buy some bitcoin.

An adult should be considered to have this ability about money management . If he doesn't have this kind of common sense, then I don't think he needs to invest in Bitcoin.

Knowing how to do math or to calculate income versus expenses and figuring out how much discretionary funds are left over is not part of common sense.  Not everyone knows math and not everyone is comfortable with math, so if a bitcoin newbie sucks at math, they might have to spend some time figuring out how much income they have and how much expenses they have so that they can determine the extent to which they have discretionary funds that could be used to buy bitcoin.

From my point of view, common sense is not about knowing anything in particular, yet a person who does not know math, they might have common sense to know that they have to learn math in order to be able to figure out the extent to which they have sufficient discretionary funds in order to get started buying bitcoin.

Another thing is that I would consider that folks with common sense would not want to throw away money or to be scammed, so they might have various alerts that they have so that they feel comfortable that they are not throwing away money, especially if they might not be a very rich person.

Anyone who has heard the name Bitcoin and decided to invest in it must have this kind of understanding that it won't take him long to understand it or that he is not so incapable that he will be like a 12-year-old child. And if he doesn't have this kind of brain development, then he is nothing but a madman.

I think that there are a lot of people who hardly know what bitcoin is, even if they had heard the word bitcoin, so I am not going to presume that any beginner has any clue about bitcoin, yet they do not need to know much about bitcoin in order to get started buying bitcoin.  So yeah, they have to use some judgement in regards to what they know and what they do not know. I doubt that our audience here are kids who are younger than 18 year olds, even though at the same time, anyone who can read can get on the internet, and if a person is younger, then they are susceptible of being scammed, yet I am not going to presume that our audience here are a bunch of snot nosed 12-year olds or even snot nosed 15-year olds, and sure part of the dangers with teenagers is they sometimes start to believe that they know way more than they know, so if there are younger people who are trying to figure out how to get involved in bitcoin, they likely need to be careful based on their age so that they are not presuming themselves to know more than what they know, even though teenagers have tendencies to act like that and even to get emotional or to have hormones guiding them into questionable judgement calls.

Huh?  What is the "basic knowledge" that you believe newbies need to learn before getting started?
Do they have discretionary funds?

Do they know from where they are going to buy?
Do they have an ability to make reasonable choices for themselves?  or you want to treat them like a 12 year old merely because they are new to bitcoin?  Do you presume the bitcoin newbie to be 12 years old?

Well they are not necessarily 12 year olds but sometimes they act worse than them blinded by many emotional factors such as fear and greed. I cant generalise all investors in bitcoin to have a 12 year old like mentality but many of them make mistakes a 12 year old would make mainly because they are new and mostly because they are greedy and fearful.

Personally, I am not going to patronize newbies.

in fact newbies need to be responsible for their actions, so they have to make decisions with common sense and not act retarded.

I presume around 97% of normies have common sense, even if they might need some practice in exercising such common sense that they already possess.

So them getting bitcoin’s knowledge is beneficial, it is not a matter of if they need it or not but extra knowledge before investing is always better than less knowledge as more knowledge always helps us in taking well calculated decisions. But acquiring knowledge shouldn’t stop one from starting investing, they should continuously learn while have already started investing to not lose their opportunity in buying bitcoin.

I think that newbies should be able to get started right away from where they are at as long as they have figured out their discretionary funds and then they can adjust their starting out amount, whether that is $100, $10 or some other amount.  They can also learn as they go. They don't have to learn prior to getting started as long as they already know that they have discretionary funds.

You going to treat an adult that you meet in person the same way? as you treat people on the internet and presume all newbies to be like 12 year olds?

you are probably doing yourself a disservice to be trying to take on the role as teacher rather than promoting the idea of self-responsibility.

[drangos]

says that people should learn more about Bitcoin before they invest any money. Many of the new traders look at the profit opportunity and forget about the volatility and length of time that the asset will exist. No matter what approach you take, whether lump sum or DCA. It can only be done on a realistic basis if you invest money that you can afford to set aside for several years. There are ways to make a significant return on your investment if you are a small investor. But generally it's more about the patience. Consistency and knowledge that you have.

Well said, which is why every new investor ought to acquire basic knowledge of investing in Bitcoin, both its pros and the cons of it before deciding on an investment method because without verify  the information they receive, they will keep making mistakes by applying the wrong principles which could ruin their plans, which will help them to remain responsible and disciplined kos that's how small investors can profit from their investment.

Huh?  What is the "basic knowledge" that you believe newbies need to learn before getting started?

Do they have discretionary funds?

Do they know from where they are going to buy?

Do they have an ability to make reasonable choices for themselves?  or you want to treat them like a 12 year old merely because they are new to bitcoin?  Do you presume the bitcoin newbie to be 12 years old?

This is why I say that a lot of people over exaggerate on what basic knowledge is and end up delaying their investment because the think that they are yet to get the basic knowledge required to start buying bitcoin, they are trying to turn the concept of basic knowledge to things s person needs to study carefully before they can invest when the reality of starting bitcoin investment just depends on whether a person has discretionary income or not, we don't need a soothsayer to tell us what we need to do after that.

But there are so many people who make the concept of basic knowledge too complicated, and end up discouraging people from getting going. A new investor doesn't have to be an expert before investing in their first bitcoin share of fractions. The only points they need to know are that they have to invest money that they can afford to not touch in years. That they should invest in a reputable exchange or wallet. And that they should anticipate any fluctuations in price. In addition the best learning may occur in an experiential way. By adopting a disciplined and patient strategy. Small investors can still make substantial long term gains by accumulating significant amounts of Bitcoin over an extended period.Small investors can still make decent returns. Over time by committing themselves to a disciplined and patient investment strategy rather than waiting for every detail to be known about Bitcoin.

[Tongley]

But there are so many people who make the concept of basic knowledge too complicated, and end up discouraging people from getting going. A new investor doesn't have to be an expert before investing in their first bitcoin share of fractions. The only points they need to know are that they have to invest money that they can afford to not touch in years. That they should invest in a reputable exchange or wallet. And that they should anticipate any fluctuations in price. In addition the best learning may occur in an experiential way. By adopting a disciplined and patient strategy. Small investors can still make substantial long term gains by accumulating significant amounts of Bitcoin over an extended period.Small investors can still make decent returns. Over time by committing themselves to a disciplined and patient investment strategy rather than waiting for every detail to be known about Bitcoin.

We do not invest in exchanges or wallets, rather we buy our Bitcoins in the exchange and keep our holdings in the wallet safely. But yes, we do not need to learn about wallets to start investing, initially find out our discretionary income and start investing and after starting investing, you can gradually gain knowledge about wallets. Because since you will keep all your holdings in the wallet, it is most important to have some idea and select the right wallet when choosing a wallet. So in the beginning, you can buy through the exchange and keep your holdings in your exchange and gain knowledge while investing.

[Solokan]

As long as you keep holding for a long term without sell, as the years goes by the value of Bitcoin will keep increasing so no matter how little you can be able to be accumulating consistently for a long term definitely you will surely make a good profit at the end of your overaccumulation stage.

Bitcoin has been increasing as the year go though it will drop and still increase again this has been the nature of Bitcoin from start it's volatility makes it go up and down but we can't be very sure that we will make good profit even after holding long, we are not guarantee of anything as we are not sure yet if we will be at profit side or lost since the future can't be predicted.

As a volatile asset folks are advise to accumulate Bitcoin with their discretionary income since nothing is guaranteed it's not where you put all your hope and income on because you may get disappointed or you may not also, the idea why investors should invest with their discretionary income is incase things goes right or wrong if things goes right better and good if it goes wrong nothing much was lost just discretionary income.

Yes, the point is, investing in BTC certainly doesn't guarantee significant profits, even if we hold it for the long term, because we don't know what will happen to BTC in the future. However, to date, no one who holds BTC for the long term has been disappointed because BTC always sets new highs. So, long-term investing in BTC has the potential to generate profits, regardless of whether the capital is large or small. However, the point is, investing in BTC should not be your primary source of income.

Yes, using discretionary income is certainly something BTC investors need to do, because it's unimaginable to invest in BTC without discretionary income. So, in essence, I think investing in BTC has the potential to generate good returns, regardless of whether the capital is large or small. The most important thing is that the money used to buy BTC must be money that is appropriate for investing in BTC, such as discretionary income or money you can afford to lose.

[Obulis]

I have been thinking lately about how investing in bitcoin is actually a great idea but also it can be really hard to make profit off bitcoin if you're a small Investor
Imagine this:
If bitcoin is at $64k and me as a small investor bought with $1k, for me to make 100% profit bitcoin will have to hit $128k, that is still feasible
But if I'm hoping to make a 200% profit on my investment bitcoin price will have to get to $256k, how achievable is that ? And if it's achievable how long is it going to take

Which brings me back to my question
Can small investors actually make good profit with bitcoin?

Or are there other ways to make money with bitcoin as a small investor rather than just buy and hold?

Out of thinking we get success, stagnation or backwardness. Investment in Bitcoin has been a great deal for long now and a newbie can't allow thinking that will stop them or slow down their accumulation. So far the thinking you are putting up will for sure slow your Bitcoin investment. Making a 100% profit in Bitcoin can't be something to worry about.
Taking a comparative study on investments or businesses, making 100% profit doesn't always happen in a short time ( breaking even) and it's not a thing to worry about. Howbeit a reasonable percentage profit from Bitcoin is already a plus if compared to keeping fiat for that long.

Well talking of how much you actually have to invest, then I want to ask, how much profit or percentage profit do you really want to make from $1000 investment? You see, you can't be carried away with how much you want to make with just $1000 that will stop newbies drive for Bitcoin investment. Take it or leave, Bitcoin investment is not gambling where you use small amount to gain heavily of even 100% gain.

[Taskford]

I think the questions already raised here by JJG explains it all. Off course, that one is a Bitcoin newbie doesn't mean they know nothing or have no human sense and/or reasoning, and thus, they could still reason and know how best to do what is okay and keep there investment safe provided they have the ability to make reasonable decisions.

What's major is the ability to figure out there discretionary. Once this is done, then every other thing as regards starting is secondary. They could begin buying gradually while they personally discover some other things while in the market already. Trying to look at basic knowledge as a criteria to starting in a broader perspective might seem to ambiguous as many may be looking at it from the angle of learning or knowing a whole lot of things before getting started. Whereas, the concept of basic knowledge simply connotes you having been able to figure out your Discretionary and a common sense.

Basic knowledge is not figuring out discretionary funds and common sense.

Basic knowledge is a vague and ambiguous standard that other people try to proclaim to be required for others, and others do not need anything besides discretionary funds and perhaps knowing from where they are going to buy their first bitcoin. They do not need to know anything else, except to the extent that they might impose requirements upon themselves.  That is their choice not something imposed by others, since if a guy has discretionary funds and he knows from where he can buy bitcoin, then he can get started and buy his first bitcoin (satoshis).

But having common sense and discretionary funds is already enough for them to start. But saying basic knowledge is not needed here is actually so unrealistic.

What I think right is they don't need to learn this in much deeper sense before they can buy Bitcoin. But what those people need to understand is they know the basic things about this coin, like what they are buying, how to access their asset and last on how they could able to secure those assets they bought. Learning those matter is practical for those people, since if they are ready with those things then they can start small while they are trying to learn more details about this coin.

Trying to pretend that they don't need knowledge before starting will just expose those newbie to much bigger risk and can give them some bad results like early losses.

[Charcol]

I think the questions already raised here by JJG explains it all. Off course, that one is a Bitcoin newbie doesn't mean they know nothing or have no human sense and/or reasoning, and thus, they could still reason and know how best to do what is okay and keep there investment safe provided they have the ability to make reasonable decisions.

What's major is the ability to figure out there discretionary. Once this is done, then every other thing as regards starting is secondary. They could begin buying gradually while they personally discover some other things while in the market already. Trying to look at basic knowledge as a criteria to starting in a broader perspective might seem to ambiguous as many may be looking at it from the angle of learning or knowing a whole lot of things before getting started. Whereas, the concept of basic knowledge simply connotes you having been able to figure out your Discretionary and a common sense.

Basic knowledge is not figuring out discretionary funds and common sense.

Basic knowledge is a vague and ambiguous standard that other people try to proclaim to be required for others, and others do not need anything besides discretionary funds and perhaps knowing from where they are going to buy their first bitcoin. They do not need to know anything else, except to the extent that they might impose requirements upon themselves.  That is their choice not something imposed by others, since if a guy has discretionary funds and he knows from where he can buy bitcoin, then he can get started and buy his first bitcoin (satoshis).

But having common sense and discretionary funds is already enough for them to start. But saying basic knowledge is not needed here is actually so unrealistic.

What I think right is they don't need to learn this in much deeper sense before they can buy Bitcoin. But what those people need to understand is they know the basic things about this coin, like what they are buying, how to access their asset and last on how they could able to secure those assets they bought. Learning those matter is practical for those people, since if they are ready with those things then they can start small while they are trying to learn more details about this coin.

Trying to pretend that they don't need knowledge before starting will just expose those newbie to much bigger risk and can give them some bad results like early losses.

No one ever says that basic knowledge is not necessary. But the problem is that no one knows the extent of that basic knowledge. It is suggested here that there is no mandatory condition to have basic knowledge before investing. Because even starting with small amounts gives you enough time to learn. Learning from small amounts and blindly jumping into the act of getting rich quick are not the same thing. When an investor starts with small amounts and tries to learn at the same time, he actually gets an opportunity to learn from real experience. And this opportunity may not be possible to learn by watching others. But when you give someone the mandatory advice to learn basic knowledge at the beginning of investing, you may be putting him in a situation for which he may not be mentally ready. If you make a new investor a condition to learn basic knowledge on his first day, he will probably get bored and will not start. That is why our advice is always that there is no mandatory requirement for basic knowledge before starting. But after starting as a long-term saver, they will have to learn gradually.

[ejikeme24]

the right funds to invest from, which is their (discretionary funds). and the right wallet to use, how to properly secure Thier wallet seed phrase

A new investor does not need to know about wallet before he can start his bitcoin investment because wallet is somehow technical and since he's a long term investor, he can buy his first bitcoin and store it in an exchange first while, he learn about a good wallet as his bitcoin investment increases.

What a brand new investor needs is his discretionary income and where he can buy his first bitcoin so that he can get started immediately without delay. He only needs common sense to know how much of his discretionary income he will put into bitcoin that wouldn't affect him financially. He can learn the rest as he go.

a new investor doesn't have to wait until they know everything about bitcoin before getting started. however, i think that besides having discretionary income, understanding selfcustody wallet and how to secure them properly is also essential
if they still find selfcustody too complicated, then they are probably not ready to invest. because btc held on an exchange doesn't fully belong to them. what is the point of investing if you put your money in but can't be sure the asset truly belongs to you?

if we don't even know how to keep our asset safe, how can we expect to make money from them?
protecting your capital should always come before chasing profit.

I said something about knowing the right wallet to use and how to properly secure Thier wallet seed phrase so it's just the same as; understanding self custody wallet and how to secure them properly. and of which @ sim-card disagreed to say that a beginner does not need to know about wallet before they start Thier Bitcoin investment and also gave his reasons and I kind of agree with him but as for me I don't think knowing about wallet is that difficult for a newbie or a beginner to understand. I was taught about the right wallet to use and how to properly secure my seed phrase from the very beginning and it doesn't take much of my time to understand it. Although I know it depends as everyone does not have the same level of understanding, some people might be dull in learning. but it would have been better if they learn about wallet from the start because I don't feel safe while holding my coins in an exchange wallet even though surely they will have to move it to a non custodial wallet that's after they must have learn about wallet, but remember scammers won't notify them I mean telling them  the time they wants to hack an exchange, that is why I don't fully agree with this idea of holding their bitcoin in an exchange for the main time. just like I said learning about wallet from the start is very essential.

[B-BossMan]

Well said, which is why every new investor ought to acquire basic knowledge of investing in Bitcoin, both its pros and the cons of it before deciding on an investment method because without verify  the information they receive, they will keep making mistakes by applying the wrong principles which could ruin their plans, which will help them to remain responsible and disciplined kos that's how small investors can profit from their investment.

Huh?  What is the "basic knowledge" that you believe newbies need to learn before getting started?
Do they have discretionary funds?

Do they know from where they are going to buy?
Do they have an ability to make reasonable choices for themselves?  or you want to treat them like a 12 year old merely because they are new to bitcoin?  Do you presume the bitcoin newbie to be 12 years old?

I think the questions already raised here by JJG explains it all. Off course, that one is a Bitcoin newbie doesn't mean they know nothing or have no human sense and/or reasoning, and thus, they could still reason and know how best to do what is okay and keep there investment safe provided they have the ability to make reasonable decisions.

What's major is the ability to figure out there discretionary. Once this is done, then every other thing as regards starting is secondary. They could begin buying gradually while they personally discover some other things while in the market already. Trying to look at basic knowledge as a criteria to starting in a broader perspective might seem to ambiguous as many may be looking at it from the angle of learning or knowing a whole lot of things before getting started. Whereas, the concept of basic knowledge simply connotes you having been able to figure out your Discretionary and a common sense.

Basic knowledge is not figuring out discretionary funds and common sense.

Basic knowledge is a vague and ambiguous standard that other people try to proclaim to be required for others, and others do not need anything besides discretionary funds and perhaps knowing from where they are going to buy their first bitcoin. They do not need to know anything else, except to the extent that they might impose requirements upon themselves.  That is their choice not something imposed by others, since if a guy has discretionary funds and he knows from where he can buy bitcoin, then he can get started and buy his first bitcoin (satoshis).

I don't really know why some people makes this statement of knowledge in bitcoin investment sounds somehow. The facts is, bitcoin investment doesn't fully requires much knowledge before getting started, that's totally fallacy, because it is never a requirement or the most relevant things that's needed, on like discretionary income and place to buy bitcoin, other things like the security in wallet and the analysis in the market all serves as an additional experience which becomes valuable as you grows higher in the game. Newbies should knows that the most effective approach is to start with any small amounts of discretionary income they have, buying consistently and regularly and holding for long-term than waiting to become experts, the main priority is to get started as early as possible.

[Rabata]

As long as you keep holding for a long term without sell, as the years goes by the value of Bitcoin will keep increasing so no matter how little you can be able to be accumulating consistently for a long term definitely you will surely make a good profit at the end of your overaccumulation stage.

Bitcoin can be a strong asset in the long term and a long-term time frame can work in favor of investors, but that doesn't mean that if you hold it for a long time, the price of Bitcoin will definitely increase every year. Don't forget that how much you buy, whether you buy regularly, what is the average purchase price, whether you can really hold on to your investment for a long time and whether you can hold it during a big drop, or panic and sell, these are also part of the outcome of your investment. We are optimistic because of Bitcoin's strong performance in the past, but the past is not a guarantee that the price will continue to increase as the year goes on. Rather, you can say that there may be good possibilities in a long-term investment plan.

[NewRevelation]

Basic knowledge is not figuring out discretionary funds and common sense.

Basic knowledge is a vague and ambiguous standard that other people try to proclaim to be required for others, and others do not need anything besides discretionary funds and perhaps knowing from where they are going to buy their first bitcoin. They do not need to know anything else, except to the extent that they might impose requirements upon themselves.  That is their choice not something imposed by others, since if a guy has discretionary funds and he knows from where he can buy bitcoin, then he can get started and buy his first bitcoin (satoshis).

I don't really know why some people makes this statement of knowledge in bitcoin investment sounds somehow. The facts is, bitcoin investment doesn't fully requires much knowledge before getting started, that's totally fallacy, because it is never a requirement or the most relevant things that's needed, on like discretionary income and place to buy bitcoin, other things like the security in wallet and the analysis in the market all serves as an additional experience which becomes valuable as you grows higher in the game. Newbies should knows that the most effective approach is to start with any small amounts of discretionary income they have, buying consistently and regularly and holding for long-term than waiting to become experts, the main priority is to get started as early as possible.

What else if not to get started immediately if such a would be investor is able to get his discretionary income ready.

You know, sometime, the use of words and/or the expression can actually be confusing or misinterpreted. Sometimes, the long talk makes it sound like the basic knowledge requires a lot from people and this tends to make some people still run away or slow down in starting there investment even when they have there discretionary, to them, they want to gather all the basic knowledge needed, which of course is not the case here. Just the way the DCA helps an investor gradually build his portfolio over the years by allowing him to buy bit by bit, so also, I believe the discretionary income is just enough for a newbie investor to begin his buys immediately if he knows where to buy. No need for prolonged search of knowledge, it kills the time

[MusaPk]

I believe that the most common issue with small investors is that they tend to look at the Bitcoin price as opposed to how their investments are performing in their portfolios. Just waiting to see BTC rise from $64k to $256k and then profiting off the increase is not the only way to generate substantial profits. The sensible way is to continue to do so via DCA if you have the funds. Regular small purchases can accumulate over a number of years. Bitcoin has been an impatience killer for sure.Bitcoin has been a patient rewards machine, not a quick profits machine. A small investor who regularly invests and is buying through the rallies and downturns of a market, will end up faring much better than someone who made only one investment and sits on the sidelines waiting for a massive price increase.

Those who have huge wealth can further increase there wealth through Bitcoin and those with small income can also get benefited from Bitcoin. It is also best investment for people with small income who can spare something for Bitcoin every month. If they keep investing that small money regularly in bitcoin for years then it can be a good retirement plan for them. The key to success with Bitcoin is not how much you can invest but what matters is the consistency with which you are investing and your patience. If you have these two things then you are clear to get good profit in the long run. 

[JayJuanGee]

I think the questions already raised here by JJG explains it all. Off course, that one is a Bitcoin newbie doesn't mean they know nothing or have no human sense and/or reasoning, and thus, they could still reason and know how best to do what is okay and keep there investment safe provided they have the ability to make reasonable decisions.

What's major is the ability to figure out there discretionary. Once this is done, then every other thing as regards starting is secondary. They could begin buying gradually while they personally discover some other things while in the market already. Trying to look at basic knowledge as a criteria to starting in a broader perspective might seem to ambiguous as many may be looking at it from the angle of learning or knowing a whole lot of things before getting started. Whereas, the concept of basic knowledge simply connotes you having been able to figure out your Discretionary and a common sense.

Basic knowledge is not figuring out discretionary funds and common sense.

Basic knowledge is a vague and ambiguous standard that other people try to proclaim to be required for others, and others do not need anything besides discretionary funds and perhaps knowing from where they are going to buy their first bitcoin. They do not need to know anything else, except to the extent that they might impose requirements upon themselves.  That is their choice not something imposed by others, since if a guy has discretionary funds and he knows from where he can buy bitcoin, then he can get started and buy his first bitcoin (satoshis).

But having common sense and discretionary funds is already enough for them to start. But saying basic knowledge is not needed here is actually so unrealistic.

Through their common sense guys will make judgement calls about what they need to know or not, and even they can choose how much they are going to buy in the beginning and how frequently in order to adjust based on what they know or they do not know.

So in order to be an investor rather than a gambler or a trader, the beginner bitcoiner needs to make sure that he is buying from discretionary funds and not using money that he needs to cover expenses.  And, of course, he has to figure out from where he is going to start to buy his first bitcoin.

At any time, he can use his judgement to figure out the extent to which he might need to know more or not, but there is no additional "basic" knowledge that he needs.

If you have some basic knowledge that you believe he needs, then why don't you say it?

Pick a topic.  Any topic.

Why should I have to go through each of the topics and proclaim that guys don't need to know that, or they can decide for themselves the extent to which that topic is an issue and that they can adjust their starting out position size based on any particular topic, so it makes sense for beginners to start out slow, yet even how fast or slow they start out ends up being their own judgement call and there is no basic requirement that the beginner has to follow any specific guidelines and he can use his judgement in regards to the extent to which he has enough discretionary funds to start and then from where he is going to first buy his bitcoin.  

He could end up running into barriers regarding either of those topics that might cause him to delay his getting started buying bitcoin or even change the amount that he chooses to start with.

Guys frequently proclaim that the beginner needs to know basic knowledge, but they don't describe what that is, and it tends to be misleading since guys believe that they need to know more than they need to know in order to get started, which is merely having discretionary funds and knowing from where to buy the bitcoin, and they can adjust their starting out amount to their comfort level and learn as they go.

What I think right is they don't need to learn this in much deeper sense before they can buy Bitcoin. But what those people need to understand is they know the basic things about this coin, like what they are buying, how to access their asset and last on how they could able to secure those assets they bought.

Why can't they learn those things that you mentioned as they go?  Why do they need to know before starting? Why can't they just adjust their position size, so for example if they were thinking that they have $100 per week to buy bitcoin, they purposefully start out with $30 per week as they get acquainted with what they are buying.  They should be able to choose that, and there is no reason to speculate that such brand new person is going to start out by putting all of his savings into bitcoin (for example $2,600 - the equivalent of 6 months of his available discretionary funds).  

If he is starting out with $30 per week, when he had already calculated himself to have $100 per week available for buying bitcoin, then what is the problem, and why can he not end up benefiting from getting started even if he might end up losing several weeks of his initial bitcoin size, and let's say that after 4 weeks he realizes that he made a mistake and maybe at that point he had put $120 into bitcoin, maybe he could end up losing all of it?  Sure that is possible.  He can learn from his mistakes and the amount at risk is not life changing because he is using his own best judgement regarding his position size and only increasing his position size as his comfort goes up. Sure, no one wants to lose money, yet we should be able to figure out that if we are investing into something new, we don't go all in from the start, since we are investing not trading or gambling.

Learning those matter is practical for those people, since if they are ready with those things then they can start small while they are trying to learn more details about this coin.

They can start small and learn those things as they go.  Why not?  Why do you want to dictate when they can start?  Of course, they can purposefully choose to delay also (that is their choice), but there is also nothing wrong with getting started right away based on the knowledge of the world that they already have and their exercising their own judgement rather than having their judgement substituted by the judgement of someone else.
 

Trying to pretend that they don't need knowledge before starting will just expose those newbie to much bigger risk and can give them some bad results like early losses.

Are you presuming that a newbie does not know anything?  Are you presuming that a newbie cannot decide for himself whether to start, how much knowledge he needs and how much he wants to start with?

Maybe the newbie decides to start with a specific exchange, and as he is reading the information on the exchange, he might not be comfortable to start with that exchange.

Maybe a person wants to start by going to a kiosk that buys and sells bitcoin, and they have an 8% transaction fee, and so then the newbie does not want to pay 8%, so he decides to look around more before he starts.  Those are individual choices that are based on the context of his learning.

Maybe the newbie wants to start, and he heard from one of his siblings that a friend of theirs would sell him some bitcoin to start as long as the newbie were to have a bitcoin wallet.  So then he ends up having to look into the wallet that they are recommending and consider some other possible options that might not require him to learn about a wallet in the beginning.  These are various judgement calls and they have trade offs, and perhaps how much is being used to start out with could affect how the newbie thinks about how he is starting and what he feels that he needs to know or not..  Those are his judgement calls, and he can get started as long as he has discretionary funds and he knows from where he is going to source his original coins.

By the way, on a personal level, in late 2013, I did not want to start buying bitcoin until I learned from where I could both buy and sell the bitcoin that I had bought.  Of course, buying/selling options are going to vary from region to region and even vary with the passage of time, so there may be guys who want to make sure they know where to source their coins and also where they could end up selling their coins if they were to later change their mind or otherwise decide to sell what they had bought.  

[edited out]

No one ever says that basic knowledge is not necessary. But the problem is that no one knows the extent of that basic knowledge. It is suggested here that there is no mandatory condition to have basic knowledge before investing. Because even starting with small amounts gives you enough time to learn. Learning from small amounts and blindly jumping into the act of getting rich quick are not the same thing. When an investor starts with small amounts and tries to learn at the same time, he actually gets an opportunity to learn from real experience. And this opportunity may not be possible to learn by watching others. But when you give someone the mandatory advice to learn basic knowledge at the beginning of investing, you may be putting him in a situation for which he may not be mentally ready. If you make a new investor a condition to learn basic knowledge on his first day, he will probably get bored and will not start. That is why our advice is always that there is no mandatory requirement for basic knowledge before starting. But after starting as a long-term saver, they will have to learn gradually.

When a person gets started, they are engaged in an active process of learning by the very nature of having to learn how to carry out their tasks of buying bitcoin, and so as they buy bitcoin, they likely become more and more incentivized to learn more about it as they are interacting with their bitcoin whether they hold it on an exchange or if, at some point, they might decide to hold portions of their bitcoin in a private wallet or various private wallets.

[edited out]

just like I said learning about wallet from the start is very essential.

Even though learning about a wallet from the start and even before you begin is your own personal choice, it is not required in order to get started.

Yes, many of us know that buying bitcoin through an exchange (and holding coins on an exchange) subjects a person to a lot of third party vulnerabilities, and so there is no assurance that they have the bitcoin, yet if a guy is starting out with $100 per week, or $10 per week or some other relatively small amount, he can figure out at what point he believes that is it good to learn about self-custody wallets and also how urgent he considers it to be both learn about self-custody wallets but also to put self-custody into practice.

The mere fact that you believe that it does not take very long to learn self-custody does not mean that it is something that others necessarily need to learn from the start or that they are ready, willing or able to learn.

By the way, I argue quite frequently about bitcoin not having any value if no one were to engage in self-custody, so the power and value of bitcoin comes from both the ability to self-custody and the actual practice of a decent number of people self-custodying bitcoin, yet at the same time, knowing about self-custody is not required in order to get started buying bitcoin nor is knowing about self-custody required prior to starting to buy bitcoin.

[abaeze]

As long as you keep holding for a long term without sell, as the years goes by the value of Bitcoin will keep increasing so no matter how little you can be able to be accumulating consistently for a long term definitely you will surely make a good profit at the end of your overaccumulation stage.

In investing, no strategy can guarantee that you will make a profit until you get your profit, no matter how long you hold it. Remember that anything can happen at any time, so it is wise to be patient, but there is no guarantee that you will make a profit just by being patient. Again, you will not achieve anything good by being impatient. So you need to change your perspective and have realistic plans and expectations. If someone accumulates a small amount of Bitcoin through DCA strategy with long-term discipline with the remaining discretionary income after meeting all the family expenses, it will eventually turn into a very large asset, which will help you keep the investment for a long time and grow the investment without any additional stress or risk. Later, if the price of Bitcoin increases, you can make a very large profit with this small investment by selling it.