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It's true that there are risks with volatility and trading in Bitcoin and nothing is a sure bet in the investment world. But hey, many of us, myself included, see Bitcoin as a solid investment choice for regular folks. We believe in its potential even though there are no guarantees in the market. It's all about having confidence in our choices while acknowledging the uncertainties that come with investing.

Well said, I agree with you. Acceptance of uncertainty in any investment including Bitcoin investment is what makes the difference. Bitcoin have shown us a good price track, be it in bear or bull season we believe Bitcoin will will recover of course price moves cannot be in one direction, so we only need patience and trust our investment decisions as far as Bitcoin value and demand keep being on the increasing side, no need for worry.
Currently Bitcoin is one of the best investment in the world with potentials.

when you understand the scenarios of Bitcoin you will notice that bitcoin is good for someone to invest, but the thing is that many of us who brought their brothers and the sisters into bitcoin investment don't use to give them a clearer lecture and the clearance scenario of Bitcoin transaction it is when someone have read and the understand the procedures and the protocols of Bitcoin investment is when the person will fully embrace it method of investment. When you are investing in Bitcoin you don't have to be panic because you know that the price of Bitcoin is not constant and they can not be constant it might fluctuate today and tomorrow the price increase or decrease it so that is why you have to know that investing in Bitcoin is risk and the anything that has to do with risky you move to exercise a patient to ensure that you make the profit that you are looking for.

Bitcoin is undeniable the best investment to choose by people, but we can't also force those people open up a discussion or teaching some people they know to teach all they know since maybe the person is busy for a lot of things and they teach basic things to those people to determine if they are interested and want to continue.

Since there are people who are interested at first but don't proceed. That's why this is a total waste of effort for us. So after we teach them about bitcoin then we must look after on who among them stay since that means they are the best candidate to teach a lot of things about bitcoin including how to do DCA or deal with their accumulation, Risk management and know h when to sell to take their profit . Those things is important to consider so that they could possibly get a positive result for their selves. Patience also play big roles on our success so we won't get bothered by any fuds.

A beginner that is been introduced into bitcoin investment should not be taught when to sell and take profit because it is not important at that moment since he still have a long way to go in his bitcoin journey and overtime he will know the right time he needs to take profit when he has reached his bitcoin target. The reason why it is not good to tell them when to sell is that, it make make them to think that selking along the way when building their portfolio is good, unknown to them that it will deprive them from accumulating and increasing their bitcoin portfolio overtime.

I don't agree with you on that. There is need to explain to a newbie everything they need to know about investment including how to buy and sell, but that doesn't mean teaching the how to sell will put them to more dangers. Investment is actbor maturity amd self control of holding for a longer time. Even if you said you will not teach the person, he or sheay decide to look for alternative elsewhere and may still get access to sell for a little profit. All you have to do is to uneducate him on self controle and the results or selling bitcoin prematurely. Advice goes along way than depriving them of the knowledge they speak. If you decide not to teach them how to buy or sell, how can dey be accumulate bitcoin in weekly? Because I know accumulation process requires you to buy and stack. When you don't know how to buy, how can such person be able to do it by him or herself? You should think out of the box. Just like a mother that failed to teach her child sex education and what sex is all about for the sake of her not being currupt, such child will still learn it someday in a man house and you know what that means? Lol

Quote from: Frankolala on June 06, 2024, 06:59:05 PM

It will also be a distraction for them if they see a little profit with the quantity of bitcoin that they have. It is better to tell them that they should just keep buying and piling up their fiat in bitcoin to save the value of their fiat in a long term and also to have an additional profit that their bitcoin investment will generate. Long term goal is the target, so you try to make them understand why selling is not a wise decision during accumulating phase.

There will be no distraction. I still stand on saying thesame thing, let them know what they are doing. You sound as if a newbie in investment is a child, what if it is a full grown adult, would you also not teach him? Let's be realistic when make references. Sometimes what we do may be misleeding but we wouldn't know we are going the wrong direction. What am saying is that they deserve the right to know all about what they are into. And the decision is best for them because you are indirectly trying to deprive someone from his personal decition making, all in the name of helping the person. HODling for long term is not by force just play your part and leave the rest for them.

Everyone have their choices to make when it comes to bitcoin investment. I think that it is better not to introduce selling to a newbie as part of the basic knowledge of bitcoin. If I am to teach a newbie, I will tell him that if he sells too quick he would not be able to have a good profit from his bitcoin investment in future because, bitcoin invest is risky due to the volatile nature, it is only when you hodli, you will make profit. It is good to teach people the right way to be a long term hodler in the beginning, and let them decide for themselves along their bitcoin journey on how to go about it. So that if anything goes the opposite, you will not be held responsible.

You are right! The individual independence of each investor should be the criterion for evaluating his opinion and he should be properly advised. The mistakes of new investors in Bitcoin can be relatively high because they may not be aware enough about the importance of holdings initially. You must set aside time for newbies so that they can be motivated to take up a fair amount of time to build up their holdings to a decent size. Advising them not to make aggressive purchases initially if they don't have enough cash to accumulate bitcoins. In case of aggressive buying, he is advised to keep enough of his cash so that in case of emergency, he can use that cash float to meet his urgent needs without interfering with any investment.
He has to maintain consistency to continue his savings and that is atleast 4-10 years with recommendations and to have a decent portfolio for him. You can only give him the right advice to keep the bitcoin holding and protect his capital and get enough profit.
In many cases, new investors may take your advice as a reflection of common sense but their goal should be to build a stack that will allow them to hold a lot of bitcoins in the future.