Quote from: Obim34 on Today at 04:35:46 PM

Quote from: Salahmu on Today at 01:04:51 PM

Yeah you are right knowledge is very essential at least every trader needs the theoretical or pratical understanding about trading before venturing into, but in most cases people disregard knowledge because of greed which always turns out bad, but to evaluation victims, is mostly the beginners that always fall victim because of ignorance, every successful traders undergone processes of learning and acquiring knowledge to no the concept, Technical and fundamental analysis of the market before going in to trade, and perhaps knowledge doesn't only required on trading but on our daily life's we need knowledge for business, accumulation and holding in fact in all our day to day activities.

Permit to map out the word IGNORANCE, this should be slightly replaced with Stupidity at some point. The fact of hearing about Bitcoin from different medias or from a close relationship should not motivate a person to involve him self where else he/she knows nothing about it. He/She does not know how it operates, How to buy, When to sell and Where to store funds, it is actually going to turn out bad. A well knowledgeable person who is interested to learn and get acquainted with Bitcoin currency should create room for proper understanding before diving into trading or doing Bitcoin.

With the level of sophistication trading as an activity has attained, it would take someone who is truly desperate, uninformed and not within his focal thoughts to want to trade, hope to earn and not have any theoretical as well as the practical knowledge on how bitcoin trading works.
Like, it’s a gaining field where experience plays around with money and here is someone with hopes to make money but yet have no knowledge on it. That’s surely a dumb move.
Even trying to start up a business especially in a niche that already exists or even, business as a whole, you need expert advice on how the business environment works.

Quote from: JayJuanGee on Today at 07:34:31 PM

Try not to set your supposed knowledge barriers too high.

Get the fuck started and figure it out.

If you are not sure about it, then start with buying $10 per week of bitcoin and get your shit together, figure out your finances and your psychology and if you got it mostly figured out, then based on your ongoing learnings you can tweak your strategy including possibly increasing your weekly buy amounts or whatever combination of BTC accumulation strategies that might also involve buying on dips, and holding during times that you don't feel that you have enough money... and sure make sure that you have your emergency fund in place too.

Once you get to a sufficient level of BTC (that is suitable to your own circumstances) then at that point you can slow down in your BTC accumulation and likely verify you have created more options for yourself by buying and accumulating BTC rather than becoming overly worried that you don't know enough about it.

With what’s been the case in the cryptospace about bitcoin, it’s so easy to advice someone not to be too scared on a bitcoin investment. What needs to be gotten right is the means to purchase, storage media and the individual having to get his or her purpose for buying just right.
Bitcoin have proven in over 13years to be the only cryptocurrency with an assistance on it for its investors and this is what many bank on, it’s true decentralized nature and all as an investment for a long term to guarantee profit. Even still, your better holding than selling as, it’s just a decade on it. What will the next decade and the one after that hold for the currency.