Re: Buy the DIP, and HODL!

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?

Seeking knowledge before engaging in anything is very important so you get to know the in depth details of it and that way it will be difficult to get scammed. It is important to seek at least basic knowledge before investing and understanding how investments work but taking too long to invest could make someone miss out on certain opportunities of making some profit so since investing is not too risky and doesn’t really require doing any serious thing other than buying and holding I don’t think there is any reason to delay investing once you know how to manage and secure your wallet and have your investment plan setup. You can accumulate bitcoin and still improve your knowledge gradually just as everyone is doing here because there is no end to knowledge and there will always be new things to learn.

One beauty about bitcoin is that one don't need any complex or technical knowledge before investing in it. Like trading for instance one have to go through alot of searching and training learning all such way to run technical analysis. But bitcoin investing with the basic knowledge one is ready to start his bitcoin journey. Bitcoin investment ain't something one should approach with procastinating, because it may only lead to one missing alot of opportunities in bitcoin.

I couldn't agree more with you, this is true in any field that requires knowledge. Because you can never do the right thing if you don't have the knowledge, Bitcoin investment is a very sensitive subject. Because it is most important to have enough knowledge about how you invest and how to follow the DCA method. Many buy dips in DCA method and many individuals invest in DCA method. Therefore, it is most important to research investment strategies, and the more knowledge you gain, the higher your chances of success. You note that acquiring knowledge is never a loss but the more the knowledge increases the more successful the person is.

Investment definitely requires knowledge. But I don't think much knowledge is needed to invest or holding Bitcoin. If a person uses a secure wallet to hold his bitcoins and also what is the DCA and how much profit can he make holding bitcoins in the long term and what is the potentiality of bitcoin initially these are important. I don't think it takes much knowledge to know these things. So, what I want to focus on is that if one wants to invest in Bitcoin, it will definitely not be a wrong decision if one invests in Bitcoin with minimum knowledge without delay. There are many who spend a long time investing in Bitcoin which often misses the opportunity to buy from the dip. If an investor invests in Bitcoins after acquiring the general knowledge for investing and follow DCA then he is definitely ahead in holding. On the one hand, the amount of bitcoins he collects will increase and on the other hand, he will have the opportunity to gain more knowledge about bitcoins.

Of course I agree with you. That's because Bitcoin investment requires our knowledge. If we don't have proper knowledge about Bitcoin, we can't achieve Bitcoin success. On the one hand, as we need a lot of knowledge about Bitcoin, on the other hand, we must always have a long-term plan in the case of Bitcoin investment. If we can invest in the market with a long-term plan, we will definitely be able to achieve the goal of investing in Bitcoin. Just as we need patience, planning and enough knowledge to invest in Bitcoin, we also need a reliable wallet. WHY WE NEED A RELIABLE WALLET TO HOLD BITCOIN Many a times it is seen that if we don't have a reliable wallet then we face a lot of problems so we definitely need a reliable wallet for us.