Post
Topic
Board Speculation
Re: Buy Bitcoin, and HODL!
by
Btcdeybodi
on 16/06/2024, 03:14:11 UTC

[edited out]
I agree with you one can't wait trying to get all the knowledge before investing, me as a newbie I don't have all the knowledge about Bitcoin all I have now is still the basic knowledge and I have already started accumulating Bitcoin using the DCA method. The more you wait the more you lose just imagine I was still waiting trying to get all the knowledge about Bitcoin I won't have accumulated the little I did now, so there's no point in waiting get the basic knowledge and start your accumulation journey.

Bitcoin is a good store of value, even if Bitcoin isn't worth anything today, it doesn't matter at all because the future is brighter than now. Why did I say what I said? I said this because I believe that Bitcoin is not something we should buy today and sell next month, it is something that an investor should hold onto dearly cy long  and I also understand that the more an investor holds onto Bitcoin, that's the more knowledge the investor gets so, without putting the knowledge to practice (by investing) the investor will just stay without adding more knowledge to the ones he/she has already learned before.

The only way one can get full knowledge about Bitcoin is by investing, you will get to understand very well what it means when Bitcoin's price increases and when it decreases, only knowledge will not give us experience, so if an investor that hasn't invested in Bitcoin needs more knowledge, then he/she should invest and learn more from the investment side. So my follow newbies get the basic knowledge and start your Bitcoin accumulation journey so you won't regret waiting.

All of that sounds correct, and you should get more knowledge about bitcoin and yourself if you spend 4 years or longer accumulating bitcoin, learning about bitcoin and potentially adjusting (and/or tweaking) your various BTC accumulation (and/or BTC maintenance) strategies along the way, so maybe after 4 years or more of accumulating bitcoin, you will be in a much better position to both assess how your bitcoin accumulation had been playing out and whether you need to make further adjustments to your strategy at that point or just to continue with what you had already been doing.

[/quote]
Exactly, gaining more knowledge and being very observant during one's accumulating years is very necessary because it is assumed that after 4 years one must have undergone thorough study of how Bitcoin investment works so for someone that have been using the DCA to buy Bitcoin at regular intervals, can decide either to increase their DCA depending on his capacity through his income in-flow because if one has started earning higher and sees the need to increase their DCA amount or have some reserved funds incase of a DIP then it is also left for such investor to begin to use different accumulating strategy like the lump summing as these strategies helps in building huge portfolios and owning a high amount of Bitcoins unlike the regular DCAing. Bitcoin investment is just about being able to understand the activities of the market at a particular period of time.