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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.
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.
You are not incorrect in anything that you are saying Btcdeybodi, yet you seem to make the process of the first four years of investing in bitcoin to sound more magnanimous than it may well be in terms of each of us likely coming from different places in terms of our investments and/or starting points, and so it could well be that someone comes into bitcoin and is brand new to any kind of investing into anything, and there are also folks who come into bitcoin and have already experienced other kinds of investing, so they are adding bitcoin into the mix of their already existing investments. .. so surely, I don't necessarily mind presuming and/or exploring cases in which people might be completely new to both investing and new to bitcoin, yet it still remains dangerous to presume too much of that without specifically pointing that out to be our presumptions.. and if we are getting to a place in which someone is brand new to both bitcoin and to investing, I really have my doubts about their making magnanimous progress within a 4 year timeline, even if 4 years might be enough time for them to really to get the hang of managing their finances (and psychology) and likely putting in place good systems of cashflow management, such as establishing and managing of an emergency fund, reserves and their monthly cash floats. Those kinds of practices can be decently established in 4 years, but not necessarily expecting to become rich or even to be in any kind of meaningful profits with your bitcoin investment.
No matter what when we add some kind of a new investment into our practices, we are likely going to be attempting to learn along the way, and there may well be some aspects of bitcoin that we do not really realize that we do not know until we have been looking into bitcoin for a while and have studied and thought about it.
I do consider that many times people overly emphasize how much we need to know about bitcoin in order to invest into it, when the more important learning points remain learning about ourselves, our finances, our psychology and how to manage our cashflow, including our bitcoin investment, even though surely there are some special aspects of bitcoin that are also worthy of learning - especially since bitcoin is a paradigm shifting asset class that is quite unique and it could take several years (beyond merely 4 years) to wrap our heads around having a better understanding in regards to how bitcoin differs from other investment options that we might have when we start in bitcoin or other investment opportunities that might come to us during our first 4 years involved in bitcoin.. and will we get distracted or not or will we be able to keep ourselves with some kind of a meaningful focus that is tailored to our personal circumstances.
Your seeming presumption about making a lot of progress over 4 years of investing into bitcoin may well be overly presumptuous, since it could take 20 years or more for someone to really meaningful and significantly build up an investment (whether bitcoin or any other investment or even if we might consider that there are possibilities that our bitcoin investment could end up paying off in a shorter period of time than other places that we might put our value.. without guarantees, either), so we cannot necessarily presume that someone coming into bitcoin is going to become totally transformed into riches in 4 years, and it could even be the case that 4 years of investing into bitcoin has not actually realized a whole lot of progress (and maybe not even being in profits).. but still there could be values in terms of going through such a process of investing, learning about yourself and organizing yourself.
Regarding your ideas of lump sum investing opportunities.. frequently the consideration of lump sum opportunities might come in the very beginning of an investment, but surely as you suggested, there could be opportunities for lump sum investing at various points down the road too.. yet at the same time, the longer that anyone is in bitcoin, then there would be a bit of a presumption that such person had already been building up his/her bitcoin stash including that how and the extent to which the bitcoin stash is being built up (in comparison to any other investments - including cash reserves that the person has) is going to help to inform that person in regards to future actions in terms of if some lump sum amounts of money might suddenly come available and then there might already be a system in place so that the lump sum extra amounts might be able to be plugged into bitcoin in full or perhaps in part.. and with discretion and insight regarding whether and how to employ lump sum investment opportunities if they might come later down the road rather than coming in the very beginning stages of a bitcoin investment period.
I like how detailed and voluminous your explanations are, however Bitcoin is a broad subject that we keep making improvements in different intervals of our investments and I know that 4 years is not enough to have a complete understanding about bitcoin but I was actually referring to a newbie who just started the accumulating process because within an interval of four years they should have had a literal knowledge about the right strategy to follow in every stage of their accumulating process and just like you said within 4 years interval it is expected that they should know how to manage their cash flows and how to split it in order to apply each strategy when the needs arises. Actually anyone who have made accumulations within just four years should not see themselves that they have arrived as within that interval is just like a road map that will lead to the profits making in the long time. At least before any investor can see themselves to have some stash of bitcoin should be from 10 years depending on the DCA amount that's for someone still very consistent in the strategy.
About lump summing opportunities, sure it can come at the early stage of one's investment but you can agree with me that someone who is new to Bitcoin investment may not have the idea of lump summing yet even when they have some reserved funds but within the periods of their investments, they can be understanding the activities of the market and see a need for lump summing during DIPs because at the beginning they may just have a literal understanding. We should not forget that lump summing at a DIP price also gives us more advantage to owning a huge portfolio especially in a very drastic DIP such that an investor can even decide to buy huge amount of Bitcoins at that point and continue with the DCA later on. However, the idea of lump summing always comes along the line when using the DCA because a beginner may not really have the idea at that particular period of time except someone that just want to go all in their Bitcoin investment without considering the DCA.