Quote from: Bravut on Today at 03:30:17 PM

Quote from: Hewlet on Today at 01:21:32 PM

Quote from: ultrloa on Today at 12:56:38 PM

They will only get confused if they don't fully understand what they are trying to learn. But if they could able to have focus on certain things that need to take care first like learning on how to execute well the DCA method then after they learn that they jump on technical aspects on bitcoin movement then for sure everything will be aligned according to the efforts and planned they do.

going into learning the technical aspect of Bitcoin isn't necessarily for most newbies to be honest, as someone that's not all that old in the system I understand how deficult it was when I tried doing all the self study because I needed to get all things figured out before even starting but along the line I got to know that it's better to just start with a simple amount and then look for what's happening in the system and then do your analysis from there should you use a bigger amount.

What I mean is this, instead of telling a newbie to get all too complex about knowing everything about the price movement of Bitcoin before investing, what happens if he starts investing with an amount that's as small as $10? As his DCA amount while he follows up the process and grows in his mental knowledge while still investing. If you don't find a comfortable point to start before getting all the complex knowledge, there is no possibility that you will eventually start at all cause it might get to a point where investing into Bitcoin might seems too complex for you and quiting might look like the only available option. Till now, I don't really stress myself about the Bitcoin chat that relates the past movement of Bitcoin price with what's obtainable at this moment. I only have to know that Bitcoin has grown over the years from almost a zero value spot to what it currently his at this moment and that it has a higher potential of doing better than it currently his at the moment at that's just the basics I need. maybe other important issues that relates to my security, the best wallet to use and other important concepts can come with these but I must not necessarily know everything before eventually starting.

Quote from: ultrloa on Today at 12:56:38 PM

If they don't fully understand bitcoin and how it move due to market volatility then maybe they should not jump on the idea that its time for them to invest since they are so very raw and they need to learn more first since they have huge chance to get affected for certain unexpected movement which it can affect their decision making.

the only condition that will possibly make the person to get bothered about what you call an unexpected movement should be if the person is HODling for the short term or investing into an altcoin or meme coin. If the person is fully investing into Bitcoin with long term plan, what you call unexpected event which to me is same as saying "bearish seasons" are added advantage that can help the fellow to accumulate a good chunk of Bitcoin at that time.

Yeah, it's necessary they understand that Bitcoin is a volatile asset and that by that, there might be occasional correction that comes while they HODL but those kind of information makes more sense when the person's already have some quantity of Bitcoin in his portfolio. The best thing I feel every newbie that's ready to invest into Bitcoin should be made to know is that they shouldn't invest into Bitcoin for the purpose of seeing returns immediately. As long as they have accepted to go with you for at least a period of 4 years without talking about the need to take out there asset, then you don't have a course for alarm regarding any kind of issues that comes along the way.

Well said. Seeking much information at times can be misleading, what I prioritize is, all newbie should have knowledge about money management and what investing in an asset really is especially Bitcoin Market, choosing a strategy that they can abide by with a plan, you're set to go. As you said, having a long term view of the market and holding for at least one cycle 4-10 years this won't only help in the accumulation journey but also helping them see how far they went with there plan, strategy and challenges face with a new alternative to improve on the situation. The market is unique with opportunities everyday.

A newbie does not need to know much on bitcoin before he can invest, if not he will waste his time learning and learning instead of getting started immediately. I believe that one of the basic knowledge of bitcoin is that you should invest in long-term only your discretionary income and should know the type of wallet that he needs to use to store his bitcoin which is a cold storage open source wallet and how to buy bitcoin with fiat. I believe that alone is cool for a beginner to start investing. He can learn whatever he needs to know along the line as he is investing.

For any new beginner that already understands or do practice financial management which find it easy to start investing without a problem, especially people that are already used to saving some part of their monthly or weekly income in the bank over a long period of time base on what they want to use the money to achieve in future. Bitcoin investment is better learnt by experience in the market, because no one will teach you how to control your emotions when there is a price fluctuation, or the price dips. I will advice a new investor to invest first with part of his discretionary and learn at the same time on any part of bitcoin that he loves to know.

Some people will not learn until they have involved in that investment because they want to know more about what they are investing in. Bitcoin knowledge is very broad and the price of bitcoin keeps increasing in value which makes it better to invest first and learn along the road of building your investment to take advantage of the current price of bitcoin.