I like the explanation, and it is not a compulsory thing to do, if you don't understand how to go about it, so that you don't end up messing around with your bitcoin by selling it in a way that it will affect your bitcoin hodling compounding profit. I am still in my accumulation stage, and I will like to continue with using DCA strategy, and any other additional method of accumulation to enable me focus on my bitcoin target, because I think that I don't want to sell any yet using that method explained by JJG.
It is our choice to use whatever way that we think will work for us based on our own cash inflow.
In as much as you are right that every investment requires the right knowledge before venturing into it. Bitcoin doesn't require much from you in terms of knowledge. The more you are wasting time to know have more knowledge about bitcoin before investing the more you are wasting your time and if you don't have a portfolio in bitcoin you are not a holder. Provided you know which wallet to store your bitcoin and how to buy from cex or dex I think you are fine. After all you are buying for the long term, and you can know other things you wish to know along your holding period. Bitcoin doesn't require any professional knowledge before you can buy and hold.
Are you letting us know that so far it's about buying Bitcoin that it isn't necessary for the investor to gain proper knowledge about Bitcoin? I doubt if you said so, according to you if you know “which wallet to store your Bitcoin and which exchange to buy that's fine”......well, from your point you only thought of owing Bitcoin and without thinking about its security measures to safeguard your Bitcoin which is crucial.
For me, anyone who wants to own/buy Bitcoin should study Bitcoin better and do not be in a rush to invest because it's not a get-rich-quick scheme business or something that pumps and dumps that someone miss the pumps, it's better to first understand why and what you are investing your money in, Because Bitcoin is here to stay and besides we have DCA strategy which you can use to buy Bitcoin overtime and no need to be in a hurry, I believe in having the proper knowledge about Bitcoin first before investment so you take your investment responsibilities and have no one to blame.
Knowledge and capital works hand in hand for an investor.
Recently we saw some little misunderstanding about the Nigerian government with the Binance centralized exchange where P2P trading and other functionalities for the Nigerian crypto enthusiast was halt. What am saying is essence is that imagine a situation where deposit and access to investment asset in the exchange was closed and no one can be able to access them from Nigerian a lot of investors will loss because they failed to have the knowledge that they are not supposed to keep their investment in a CEX rather in a private wallet.I know that it is not advisable to keep your bitcoin in an exchange, but I don't see how an investor from Nigeria who has his bitcoin currently in an exchange, because he is buying with little amount for as low as $50-$100 a week so that it can be saved till it gets up to $500 and above before sending it to your private wallet, so that in future, when transaction fee is high it will not affect your output, will be affected by Naira being removed from Binance and no more p2p for Nigerians.
The reason why I said that it is not a problem is because, you are not selling but you are piling it up, and Binance did not restrict anyone from Nigeria from transferring their coins to other wallet. So the person that has his coins in Binance will simply transfer his coins to his self custody wallet, without a problem. You cannot make use of p2p in Binance does not mean that if you are having your bitcoin there, it is stuck. However, the investor from Nigeria can still use other exchanges like Kucoin, and OKX to buy bitcoin because the law on Binance did not affect them. I bought bitcoin recently from Kucoin, is just that their transaction fee for transfer is 10% of the amount that you want to transfer.