Quote from: letteredhub on Today at 08:09:38 PM

Quote from: As-Soon-As on Today at 02:46:09 AM

Quote from: Stable090 on July 10, 2024, 08:28:22 PM

Quote from: synchronym on July 10, 2024, 02:55:22 PM

When it comes to investing in Bitcoin we must always gain enough experience about the Bitcoin market before we invest in Bitcoin. Many times it is seen that in the condition of lack of experience in Bitcoin, investing in Bitcoin has to face more losses than clubs.

Most newbies don’t really have proper knowledge about bitcoin before they jump into it which is very wrong, that’s why they mostly lose, and some scammers brainwash them because they can easily be scammed. We shouldn’t be in a rush to invest in bitcoin, we should rather be in a rush to accumulate more knowledge, because if you are in a rush to invest, then you might end up losing at the end, which is equal to not investing at all, because what’s the point of investing if you still end up losing your investment?

To invest in bitcoins one must acquire education, because little knowledge is dangerous. The more you learn about Bitcoin investing the easier it will be for you to invest, no one can cheat you and you won't fall for anyone's scams. As Bitcoin education is being taught in El Salvador, you notice that anyone can invest in Bitcoin if they have money.
But in that case Nayib Bukele is teaching the people of his country about Bitcoin. And it is self-sufficient and comprehensive education where there are many students, especially young students, the amount of which is most noticeable.

Quote from: Stable090 on July 10, 2024, 08:28:22 PM

Anyone investing in bitcoin should make sure they keep on learning on a daily basis, because the more you go on research, the more you learn new things. So anyone investing in bitcoin shouldn’t get tired of learning, reading is supposed to be part of us.

El Salvador is constantly educating the people of the country in this way, so they will become successful investors. But they have never seen decline in learning, learning new things as they gain education. If you can really gather knowledge, you will surely succeed in future days.

Am much aware that gain knowledge about bitcoin is important but it doesn't require that you must be well grounded (educated) in bitcoin before you can start investing accumulating, the peripheral knowledge is sufficient to start accumulating, and just like learning on a job, a newbie investor can simultaneously invest while acquiring more other knowledge. Bitcoin is too broad and many things about it can't be learned at ones that the individual would have to wait to have a deep knowledge before investing except we're talking about trading here which is not what the bulk of discussions in this thread is about but bitcoin accumulation.

If some of us were still waiting to gain a grounded bitcoin knowledge before investing by now we still won't have invested and accumulating the little bitcoin we own by now because there are still much we haven't learned deep but just floating.

That's true one don't need any complex or technical knowledge before investing in Bitcoin. Aslong one have gotten the basic understanding on how bitcoin works with some nice discretionary income, he or she is good to go but still having good knowledge about Bitcoin still play a nice role as one is accumulating , because having good knowledge about Bitcoin will literally help in guiding one In His bitcoin accumulating and holding journey.

For instance is due to the knowledge some folks have that's why most time when there's a slight dip they will quickly sell their bitcoin in loss thinking that they have cut their losses, without knowing that they have made a big mistake selling their coin in loss not just in loss too early , but as for most of us here who have already getting the gist on how bitcoin work we can't make some silly mistakes, anytime there's dip , we don't waste our time panicking, rather we buy the dip .