Quote from: adultcrypto on November 04, 2023, 11:48:04 PM

Quote from: ginsan on November 04, 2023, 09:25:13 PM

Quote from: Hewlet on November 04, 2023, 07:57:05 PM

this is the reality of so many persons as they try to think that bitcoin is just like any other cryptocurrencies. And I think it might be as a result of the ban on bitcoin by government of different countries and because of this, people would want to shift into other cryptocurrencies just to be on a safer side but with the so many coin on advertised on YouTube and sent as ads when you search for bitcoin and crypto related stuff, it is very possible that so many person might have invested in so many irrelevant coin and might even hodl it hoping for a good return in the years to come.

Someone who is unfamiliar with bitcoin must of course have a companion in studying Bitcoin and he can also learn while investing in Bitcoin. Maybe for now there is enough education about Bitcoin that they can learn so that there is nothing that makes them have to turn away from Bitcoin. They can start with a smaller investment considering they are still in the learning stage and the best option is of course to do DCA regularly with a value of $10 for every purchase they make.

Yes, everyone has had quite bad experiences in their past, but they can improve on those experiences to learn from their mistakes. For that reason, I don't think there's anything wrong with giving advice about the correct investment method for them in preparing a long-term plan.

I agree with you that investing in Bitcoin while learning is more suitable for people who are new to Bitcoin. In that way, they have a feel of what it means to be invested in Bitcoin and how best they can chanel those knowledge into practical use. Learning never ends because everyday comes with new discoveries and innovations. So, it is always better to start investing in Bitcoin even if with the least amount we can afford to set aside for investment, while seeking wider knowledge.

Experience in Bitcoin is not measured by how much of articles or journals of Bitcoin one have read buy how one have been able to navigate the turbulence and process of evolution of Bitcoin amidst the various negative news and fears.

This is what differentiates beginners from those who are used to the hustle and bustle of the market. Beginners are more likely to read and think about it and continue to worry about whether it will go up or not and the safety of their coins, while those who are already experienced go in and keep buying, even if little by little, using the DCA technique.

Prices continue to move up and BTC is the most popular choice and most here I am sure also plan to hold their Bitcoin for at least the next one to 5 years.