Re: Buy Buy Buy or Sell Sell Sell?

newbies should do their research first before investing.

Personally, I think newbies should get started rather than wasting time researching.

What I meant by newbies should do some research is that some newbies lack basic knowledge about bitcoin. If they don’t accumulate knowledge about bitcoin before investing, some might end up losing their investment because they don’t know the appropriate wallet to use in storing their bitcoin, they don’t know how to secure their private key, some don’t even know reputable places to get bitcoin from and other basic things which they should know. Some newbies just see some advertisements about bitcoin on social media, and they will pick interest in it, and we all know we are not supposed to trust or follow most of the videos we see on social media because some of them are scammers. That’s why I do recommend that newbies do research before investing.

If they invest first before doing research, before they get to understand something’s, it might already be late. Some newbies might see some Ponzi scheme that will require people to deposit bitcoin on a particular site as an investment. A newbie without knowledge might end up falling for tricks like this.

Honestly I started my bitcoin accumulation journey without having much knowledge on how bitcoin work and stuff, aslong I know the right wallet to store bitcoin is a non custodial wallet I started my accumulating journey but as time goes on I started learning new things on how bitcoin work and how to hold and secure a smooth investment and buy the Dip and HODL thread help me alot in that aspects, what am trying to say is that one don't have to waste time going for knowledge first when it comes to bitcoin aslong he or she know the right wallet to use and how to purchase bitcoin via exchanges he or she is good to go and as time goes they may decide to focus on gaining more knowledge while they accumulate and hodl Bitcoin.

So that one won't endup regretting why he or she didn't start accumulating on time .

This happens to most of the new investors, they spend unnecessary time on investing and looking for dips and investment decisions at first. I think one should not waste time to start investing or depositing in Bitcoin and should start with immediate decision and start with DCA which gives him opportunity to review the market comprehensively from time to time. If one wants to continue depositing bitcoins, his will power and mindset to manage for a long time is enough. To sustain DCA for a long period of time the asset is required such as floating cash that he can set aside from his alternative income.

Personally I also feel that I should have started DCA earlier and should have had more holdings if I could have started from the time I spent on education. It's normal to have shortfalls in investment but I would say especially in Bitcoin investment don't waste your time and start depositing from today regardless of price. Waiting for dips means you are taking a step back from your Bitcoin holdings.