Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Bravut
on 24/05/2024, 13:14:06 UTC
Getting a standard knowledge of bitcoin isn't something a newbie can cover in a week or two this could take months or even longer before he we would understand more about himself like cashflow management, risk tolerance and his investment timeline, all this are decisions that could take some time to figure out, waiting is a very wrong idea especially when you already know how to buy bitcoin and where to store it, this are the basic knowledge that I consider important for a newbie the rest can be figured out in the process of buying bitcoin, yes some newbies can tend to be very aggressive with regards to the price of bitcoin which I don't really support cause aggressiveness without knowledge of yourself can cause you to sell very early than expected, so a better advice like what Jay had said earlier on would be for them to get started even if it's a very little buying purchase of 10$ weekly and consistently while the figure out themselves properly.
From your perception is good to hurry up and invest in bitcoin, is that what you will advise beginners to do, in norms you don't need to venture what you don't know about without proper research, someone get into lose base on over excitement and curiosity to invest in order to make a profit, as investor you need to be inquisitive to something you have not comprehend well..let me ask you, during the bearish season and bullrun when is best time for someone to accumulate bitcoin?.

I can't be that conscious to invest due to bitcoin price is increasing rapidly, you most at least scrutinised the market and understand the next movement of Bitcoin through the chat or move of candles sticks, probably, we need to know that is not all about investing but understand the system first, many of you is curious to invest when the price of bitcoin increasing and you feel is the best time to accumulate your bitcoin.

Yes the most important thign is getting started, but at least I know that a newbie needs to know how to buy bitcoin and how to keep his seed phrase which are very basic knowledge that can be learnt in hours, but you on the other hand are insinuating that someone needs to take time to study bitcoin and understand it well which is so not important that could take years to fully understand the working of bitcoin, you should also taking about knowing when it's the best time to buy, eventide is the best time to buy, a newbie has less to worry about having profits at first but instead should be talking more about accumulating more Bitcoin for himself.

A beginner doesn't have anything to do with understanding chart movements this are not Important thigns to know, you seem to be misunderstanding investing for trading cause all your examples point to trading rather than long term investment,

One don't need to be newbie or beginner, even as individuals we already understand cashflow system which in a simple word is how we spend and use our money, the complication we attach to it isn't worth. Merely knowing how to buy and where to store doesn't make any guarantee that such person has basic knowledge or should start investing in Bitcoin.

In as much as procrastination, waiting isn't a move for investing, everyone need understand firstly what investing in an asset is such like Bitcoin, there comes how to go about it which is DCAing with a certain amount he/she can afford without stress and willing to lose to accumulate Bitcoin within a timeframe convenient for such person, lastly accepting whatever outcome that's the bold step.  That's is the process, of which we are following and newbies should. How can one make move for investing without understanding risk involved, this is solely the reason many are crying because of such impression of which they become liquidity for others.
I don't seem to understand any other attachment to this, which is complicating. Overtime the Bitcoin Market dynamics begin to unfold and get more easier to understand.