Quote from: Agbamoni on February 04, 2024, 04:29:10 PM

Quote from: Promocodeudo on February 04, 2024, 09:53:34 AM

Quote from: ginsan on February 03, 2024, 09:28:07 PM

Sometimes too much in strategy will make beginners confused in carrying out their investments. I believe beginners need a basic foundation to carry out their strategic planning better and achieve the targets they want. The big difference may be in terms of knowledge about Bitcoin, which means beginners may need an approach to see the big cycles that Bitcoin has gone through. Yes, basically beginners can start with the DCA Strategy if they are not able to think about the distribution of funds for several other strategy practices.

Even though investment success is triggered by individual self-confidence, in Bitcoin investment you must be able to know more about Bitcoin and why you are interested in buying and holding it. Sometimes people out there are still quite unfamiliar with Bitcoin and they don't understand enough and this is where an approach is needed for those who are really beginners in investing in Bitcoin.

In essence, we are in the modern era and Bitcoin has the advantage of being a very promising investment for old age. Apart from that, the price of Bitcoin is very fluctuating and use it cold money that is ready to lose. I mean you don't have to worry if the price drops very deeply because you really don't need the money you invest in Bitcoin for other purposes in your life.

Even though many large companies continue to buy Bitcoin, I think there are still many people who don't understand Bitcoin. Maybe because they miss out on information because they live in remote areas or have difficulty accessing the internet. Yes, for those of us who have bought on dips, keep the Bitcoin we have for the long term.

I think bitcoin information is a continuous process but the major one to start with is the basic knowledge and understanding of bitcoin, before a beginner invest in bitcoin he should know what he want and how to get it, there are many strategy for different investors it all depends on the category such investor falls into, there are newbies that has sufficient amount both for investment and emergency funds, I think this people should also know that bitcoin is not a short term investment so that their expectations won't be cut off.

Buy on dips should not always be the case, why not concentrate in buying when you are ready, must it be on dips, people should know that bitcoin is an asset no matter how dip it goes, it has never stop giving people hope of shifting to positive position, I think everytime is an opportunity in bitcoin that's why continues accumulation is the best irrespective of the price any day any time.

Promo- are you not aware that there are investors who invest in bitcoin but do not know so much about bitcoin investment like strategy to start with or thinking about their investment. In as much as bitcoin knowledge is important not everyone is expected to go deeper in the knowledge. As a beginner who had just heard about bitcoin investment or introduced newly to. You only need to know to read the bitcoin white paper first, followed by knowing how to keep your bitcoin safe (security). After that you can learn other aspects with time.

The criteria for a pleb should be knowing how to protect thier little bitcoin from hacks, market condition- like piece fluctuation which can be dome by avoiding the act of trading. Although many beginners are influenced by people who they see as mentors in the space. So they try to take similar risk those big investors do take. forgetting that they are new to the bitcoin investment and that the amount of bitcoin they have cannot be compared to what these mentors claim they have.

Though I used the word full knowledge, I strongly know that what every bitcoiner need is just the little understanding about how to safeguard their bitcoin unless such person want to be a vendor or universally trader, sure you reminded me of something which is very paramount for a newbie in the system and that's is trading, am not trying to discourage anyone on this, newbies that has a good long term investment plan should beware of trading, I have heard people say am a good trader to me I see those word as fiction because in trading I don't think the market is mastered and this aspect is not good for a newbie, a newbie should concentrate of buy and make sure that his bitcoin with a good wallet as you said.