Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
Miles2006
on 24/05/2024, 13:31:34 UTC
⭐ Merited by JayJuanGee (1)
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.
I understand your point here but the problem is no one can acquire every knowledge about bitcoin at once, I’m trying to understand because learning never ends so if any investor should wait and learn first before investing I believe the investor will take so much time learning meanwhile the market wait for no one. At that early stage I believe an investor knowledge shouldn’t be challenged to bearish and bull market because all this can get confusing and complicated during the early stage secondly from my perspective there’s no special time set for accumulating bitcoin rather anyone can buy and hold at anytime, the reason why people always want the dip is because an investor can accumulate more but, waiting is not right. During the early stage no investor should go excess  aggressive or being in a hurry as you mentioned as learning and accumulating can be done gradually, all what an investor need is a right planning and the amount set to accumulate weekly.