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 think you misunderstand Troytech here. He never said anyone should hurry up and buy Bitcoin. Read again, Basic knowledge, and standard knowledge are two different things. When you said basic knowledge it is what a beginner needs to know after having the idea of investing in Bitcoin. It includes how to store their coins properly and the strategies and theories regarding Bitcoin investment in general. Standard knowledge of Bitcoin includes understanding Bitcoin in all areas, which involves the theoretical and technical parts of the blockchain. Which I agree with him that for a beginner basic knowledge is only required to start investing, the most important thing is to know how to start investing, how to keep your coins safe, and how to ignore risk during our investment processes. The research you mentioned falls under basic knowledge and not standard knowledge.
let me ask you, during the bearish season and bullrun when is best time for someone to accumulate bitcoin?.
I know this question is not for me but let me give you a quick answer.
There is no specific best time to accumulate Bitcoin. At all seasons an investor can stack bitcoin as long as he has the basic knowledge to hold his funds. Once we have gained knowledge of Bitcoin we understand how the investment works the investment begins. Now we can still afford to buy Bitcoin with our little earnings it is a good time no matter the season we are in.
Normally, buying bitcoin in the bear market is the best time to accumulate bitcoin because we will accumulate more bitcoin with a lesser amount of money, and the bear market will facilitate us to achieve the quantity of bitcoin we want to hold because bitcoin is always cheap at that time. For instance, just like JayJuanGee accumulated most of his bitcoin holdings in the bear market, when bitcoin was very cheap, it helped him achieve the quantity of bitcoin he wanted to hold quickly. JayJuanGee can decide not to accumulate bitcoin again because he has already accumulated enough bitcoin, which is very much okay for him. But that doesn't mean that accumulating bitcoin when the price is at its peak or bitcoin halving has happened is bad. It only means you will be accumulating bitcoin when it is expensive, and you will need good capital to help you accumulate a good quantity of bitcoin on time because the demand for bitcoin is high, scarce, and expensive to accumulate.