Quote from: GeorgeJohn on May 24, 2024, 10:43:02 AM

Quote from: Troytech on May 24, 2024, 08:18:07 AM

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.

Yes it's very important to study very well about bitcoin before adventuring into investment and also know how it works in Oder not to fall victim of scammers and not to lost a reasonable amount due to lack of proper learning or understanding. but I think when they said newbie can invest in bitcoin does not implies about short time investment like gambling or Trading which we are not discussing here but specifically and strategically on long term investment and a specific and speculated time horizone so surely its not a bad thing for newbies to learn about bitcoin properly before investing, but the aspect we majorly emphasis on is that if they have the basics skills about bitcoin, how it works, how to buy or sell and the right wallet and address it should be send to, then such person can be able to start accumulating. And note before starting to accumulate, the person in question should be able to have a steady source of income to be able to have a regular amount in his discretion or reserved to be able to invest on weekly DCA or buy the dip and HODL according to your discretion or float. Not just having a small amount and you start to invest without having a backup capital to continue the investment for as long as speculated.

Quote from: GeorgeJohn on May 24, 2024, 10:43:02 AM

let me ask you, during the bearish season and bullrun when is best time for someone to accumulate bitcoin?.

I know you are not a regular poster of this thread and have not comprehend the meaning of the thread and all what it entails or talks about, but I will try to explain more to you for clarification. a HODLer usually have a longer time horizon compeard to your expectations. A HODLer does not buy on bearish season and sell on bull run or buy dip and sell when it high
But a HODLer usually have a discretionary fund Which is equivalently a reserved fund which has many functions. It is used to buy bitcoin on a regular basis every week known as dollar cost average (DCA). Which is just a regular buying and does not think about the market ups and downs. Also buying the dip which means when the market is bearish a HODLer will use some portions of his reserved to buy the dip depending on how he feels like to buy. This method will recover some lost amount when the HODLer may have bought higher in the DCA method. Lump-sum can also be Buying once at a go depends on how much you also feel like to buy for a specific period of time. And such Investment will not affect your discretion. So a HODLers metal reason is far beyond what you think and they stand a better Position to make more money in the future after many having. And also know that HODLers time horizon takes at least 4-10 years interval, and 20-30 years at most. When talking of making profit in bitcoin, think of a longer time duration.

Quote from: GeorgeJohn on May 24, 2024, 10:43:02 AM

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.

Understanding the system does not in any may mean we must watch the candle sticks. Watching of candles stick is talking more of trading and of course that is not what we are talking about. You need to start investing in bitcoin than watching those candle sticks of yours because that will delay your investment approach. I think it's important to note that you have to start investing in bitcoin and stop procrastinating and looking at bitcoin movement because surely it not a stable coin but a volatile asset that will increase over time. Surely there is hope and the future of Bitcoin is bright if you can only start investing now and stop watching at those fucking candle sticks.