Quote from: Mayor of ogba on Today at 06:20:58 PM

Quote from: obuoma on February 05, 2024, 11:06:00 PM

Quote from: teamsherry on February 05, 2024, 05:23:10 PM

As a new investor I don't think it requires much knowledge.
(Though the saying goes that knowledge is king)
But once you go to the market, you can learn all kinds of things by yourself.

Actually, am not ok with the statement because going into investment without having adequate knowledge is like starting a journey without a direction and can also be liking to someone that intend to start a business without business ideas. As a new investor I think having adequate and the right knowledge before you invest is a wise approach.
Waiting to go to the market and learn everything yourself is like a woman that is trying to go to the market to buy different items without making list of things to buy in order of their importance and check if her money is enough to buy everything in the list which may lead to mistake and not being organized. An investor that has the adequate knowledge before investing will be more organized and confidence compared to someone without adequate knowledge.

Investing in bitcoin does not mean you must have adequate knowledge before you start accumulating it. Once you have the basic knowledge about bitcoin and also understand that bitcoin is not a get-rich-soon scheme, you are good to start your bitcoin journey because bitcoin doesn't require much knowledge to hold it for the long term. Before you start your bitcoin accumulation journey, make sure you have a source of income that will enable you to keep an emergency fund that you will use to settle your financial needs, so that you will not depend on bitcoin investments to settle them.

those that are still procastinating. Saying that they are want to accumulate good knowledge about bitcoin before they would start accumulating BTC to their portfolio. Just keep deceiving yah self according to Mayor of ogba ones you know the basic of bitcoin you can start accumulating bitcoin. As you're learning more about this btc at the same time be accumulating so that you won't missed out and end up regretting shit. Though is good to have good knowledge about bitcoin but don't let it affect your accumulating mostly those that are in this forum that haven't started holding BTC. It would being a shame missing such great life changing opportunity, yes bitcoin is not a get rich quick scheme. But as time goes on it can make a big positive changes In Your finance stats. And you don't need to start big if you don't have the funds you can start small and use DCA strategies to build a better portfolio for yourself. And alway have an emergency funds to coverup your expenses.

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

As far as bitcoin is concerned, to me personal advise in terms of investment is the best, most advisors will lead you astray if you allow them, what you need is to actually understand the basic concept, know what you what, buy with the amount you have, don't be act as if you been forced to, but doing this as soon the fund is available will place you ahead on your Bitcoin journey, but when buying make sure that you don't buy with all left, if you you decide to buy with all the available fund have an existing earnings that can sustain you throughout your long-term holding journey to avoid being a fast seller.

If you don't actually have a good source of income that would be a big issue when I'm come to accumulating and holding. Because even when you manage to buy some certain quantities of bitcoin and you don't have sources that you can get your emergency funds that investment you made would later be taken as that emergency funds. Meaning that you won't be able to exercise good patient with your investment you would being in ease to sell it because of the expenses in surrounding yah. Sir as an investor you got to prepare for anything and you must have a good source to sustain that investment.