That is a dumb idea. You do not need to learn how to trade before investing. In fact, trading requires way more skills than investing, and dollar cost averaging investing takes almost no skills in order to get started with $10 per week or whatever might be the starting amount. The main thing that you have to assess is that you have an extra $10 per week that you are able to put in, and that you believe that the $10 might be worth more in 4-10 years or longer by being in bitcoin rather than not being in bitcoin, and sure there are some personal financing matters, but they are no where even close to the kinds of skills to figure out how to trade, and really who is going to be such a dumb fuck to be trading bitcoin when it is amongst the best, if not the best, investment available, and you are going to be fucking around with trying to trade it rather than accumulate it? Makes little to no sense to say that learning dumb guessing games like trading to be any kind of advantage or necessity for someone to get into bitcoin, especially when talking about longer term, such as 4-10 years or longer.
Exactly sir that is the dumb idea. I have written my previous posts on DCA. But here I was writing for Greedy beginners who just are Thinking that they will become millionaire in just few months. I was talking about a trader. You have quoted my post in different parts and at some points you are saying that this make sense. So basically I am in the favour of DCA method and holding.
Mostly beginners think that they will get benefits by trading but they are on the wrong track… they can get success but they need much time and efforts which I think not a good Idea. They mostly go for the future trading to become millionaire in few days but they lost the money.
So DCA for Bitcoin is the best option for everyone. So if beginners believe in Bitcoin and will hold for a long time so Bitcoin will give a good return and they will forget about trading.
We all need to learn to be able to control our emotions when we see the market turning red because I see many of them who are not prepared when price changes occur and that can make them make the wrong decisions if they panic. In investing, we must be prepared to lose, because we know that the price of Bitcoin is quite volatile and could also be beyond our expectations. That's why use money that is not used for other purposes and also doesn't become a burden on your mind when prices suddenly drop drastically.
I don't think so that anyone should be panic when there is high volatility in the market specially when, when you are believing in Bitcoin. If suddenly the price will go down so always keep in mind that it is the Bitcoin and will make a comeback. So just buy and hold for a long time and with time to time add your investment in it.