Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
teamsherry
on 24/05/2024, 09:59:40 UTC
⭐ Merited by JayJuanGee (1)


I don't think that really makes too sense, having a basic knowledge is far different from not having any knowledge  and that sounds too awkward hence, acquiring a basic knowledge is what is required of before investmenting with hope of learning more on your way up, of which certain considerations or factor are very viable as to that regards which includes:
 
There are basic knowledge one should get before venturing into any form of business or investment, it is going to be a disaster entering into any investment without any basic knowledge.


Read the post again.....  the poster was not actually talking about completely zero knowledge  about investment
Besides 70% of what you listed which is 3 are what you ought to have know before  even thinking of starting an investment in something  like Bitcoin...
Quote

1. Your income flow (understand your the level of your disposable income)  after taken care of your personal needs to a provitional emergency funds

So what are you insinuating here that someone should wait and learn his/her income flow ..... this isn't  what you should  learn it's  what you ought to have understand before even thinking about investment... practically so are you telling people to wait and study their income flow that they have been experiencing for years... or they should wait to see if there will be any reduction in their income flow or probably you just meant they must get a stable income flow before they invest

Both you and Tmoonz are quite on the same page, he is only proposing that at least someone should have basic knowledge before venturing into buying bitcoin, although some of those stuff he listed might take so much time to learn which i disagree that they are important for anyone to learn before getting into bitcoin.

Cashflow management is something that you never end learning, from the first day that you decide to buy bitcoin with 10$ you have already started investing, I understand that a newbie might not have figured out the difference ways to chuck down the expenses to maximize his bitcoin investment but I rather say that he should remain as aggressive as his knowledge can carry cause it might also be that he has not been practing self insurance or have any emergency funds prior to his first purchase, so as je gets more knowledge and knows more about himself and what he can do to better put himself in oder then he can start getting more aggressive and maximize his bitcoin investment.

It's totally wrong to tell someone to learn it all, what you fail to realise is that we never stop learning this stuff, as we progress we improve ourselves and what should have been our risk tolerance or disposable income of yesterday would become bigger and we get more stable in balancing ourselves as we know more. So yeah it's better to get started immediately then grow with the process, I tried that and I'm still learning, if I hadn't started when I did I might not have even understood what most if what Jay or anyone was saying , the process is the best teacher.