Post
Topic
Board Speculation
Re: Buy Buy Buy or Sell Sell Sell?
by
Pi-network314159
on 17/07/2024, 13:15:02 UTC
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 .

I totally agree with you. No knowledge is required to start investing in Bitcoin. Only wallets and exchanges can be used.
I think you are wrong. You can't say no knowledge is required to Start investing in bitcoin. Saying no knowledge required means you don't totally need to lean anything about bitcoin to start investing and that is not totally true. Even if you are using wallet and exchange which you made references to, you will still need to learn how to send and receive bitcoin from it. Meaning you need basic skill about bitcoin to start using it and not saying we don't need no knowledge to invest.