Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
Publictalk792
on 17/12/2023, 13:48:51 UTC
⭐ Merited by JayJuanGee (1)
I am not really bothered by the idea of greed and even someone getting into bitcoin right away before they study it, and coming into bitcoin merely based on superficial knowledge is also o.k... yet at the same time, if a person comes in with little to no knowledge, then they likely need to start out with a pretty decently small position size while they are figuring out other details of their investment plan.. and sure they might even come into bitcoin and already plan to invest 4-10 years or longer, but if they are investing and learning about it, they are also free to change their mind along the way, yet one of the things with bitcoin, is that the more that a person learns, the more likely he should be wanting to continue with the investment, even if the size of the investment might be small, which might even be something like 1% of his investment portfolio or maybe 1% of his income to start out. .and so it can be difficult to determine how long it could take someone to be able to learn about bitcoin and to make sure that they are getting information from good sources, rather than some of the baloney and misleading information about bitcoin that is out there... so sometimes it can take a long time for someone to come around to figuring out the good information from the not so good information, yet there has always been bad information out there about bitcoin, and even though there is a lot of bad information out there, there is a lot of good information available too.. .. whether we are talking about podcasts or even reading various articles from bitcoin oriented folks (sometimes referred to as bitcoin maxis, but also might be bitcoin-focused or bitcoin informed folks.. and folks who are not overly distracted into various shitcoins, which remains one of the dangers of not being able to figure out how bitcoin is different from various shitcoins).
I understand what you meant about people being greedy and not knowing much about Bitcoin... when they start investing. Its a good idea to start with a small amount of money when learning about it. It is also ok... to change the mind as learn more.
By the way you are also right it can hard to know  the information about Bitcoin is trusted or not. Some sources give wrong information... but there is good sources too that teach us important things. It might take time to figure out... which sources is good but it is important to stay inform and look for trusted sources.
Listening to podcasts... and reading articles from people who know better about Bitcoin... could help us understanding it better. Its important to be careful about other cryptocurrencies that may distract... With always learning and stay informed can tell us to make better decisions about our Bitcoin investments. But if anyone using the DCA method so I think this is the best strategy which should not be changed. If anyone want to change strategy so this is better he/s should make a new plan of investment.