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Quote from: Btcdeybodi on Today at 06:29:59 PM

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Quote from: Btcdeybodi on Today at 02:48:12 PM

Your forgot to mention 'patience' because it is also one of the criteria that will enable you to be able to withstand the tough times when you feel like giving up due to some unforseen events that might occur in the future. Yes, as a beginner you shouldn't wait to acquire all the necessary knowledge before you start investing in Bitcoin because you may not actually understand the dynamics of investment until you have invested then you can seek the complete knowledge gradually however, a beginner should not only depend on the information they hear or come across online or just follow people that feels they are experts as there is need to DYOR so that you can have a backup with the information gotten from other people or sources. It is also good to know that investments are risky, therefore acquaint yourself with the right knowledge that will guide you through your accumulating stages but that should come after you must have started making your investments in Bitcoin.

Patience is habit, trait an investor will learn by himself which cannot be acquired as Knowledge concerning Bitcoin investment. I know it's in the nature of Man to fret,give up, panic when there expectations isn't met.. such investor hasn't accepted the risk involved and also still lacks Discipline and not necessarily Patience (note am not undervaluing patience.. but Acceptance of Risk is what makes the difference and not being patient when you know you made the wrong move in the Bitcoin Market).

I don't understand your last paragraph; You saying a Bitcoiner should acquaint himself with the right knowledge that will guide him during the accumulation stages but it should come after he must have started making investments in Bitcoin is it that he should invest without any information first..? Then he can acquire the knowledge as he invests.
What are you implying?

I believe a newbie can learn overtime about Bitcoin Ecosystem as he invests in Bitcoin also can still acquire the necessary knowledge even before investing, but he shouldn't expect to learn everything before investing because it's waste of time,the knowledge can always be acquired along the line, but it doesn't mean he should be totally ignorant before risking his Money.

Don't misunderstand me, I didn't say an investor should not have knowledge of investment while starting but what am implying is that a beginner don't need to get all the necessary knowledge before making investments but after he must have made his investments then he can still get the right knowledge and the right approach to follow up his investments so by that time he has already invested. When I say accumulating stages am still talking about the periods of his investments so don't get it twisted. Normally, any investor must have a literal knowledge and understanding about the investment they want to venture into but more knowledge will be required when investment has been made already.

Exactly, you can not know everything about a particular project or investment before you dive into it but rather it's required I mean it is necessary to know the basic part of those things before..., Besides most people who called themselves old investors etc was once a novice and I believed they didn't know all concerning Bitcoin before they venture into it but it was along the line they started getting more insights I mean Knowing more about Bitcoin and so they have to restructure themselves and the path they were not getting right. Moreover learning doesn't end, it's a continuous process the further one go the more he or she learn.

Actually people don't need to learn more technical information about bitcoin since anytime even with zero or less knowledge they could able to start their accumulation journey. They will just somehow waste their time if they do more exaggerated research because they afraid to commit mistake.

They could learn all of it on process especially when they already have money invested on bitcoin since frequent researching is needed and by that they could able to learn all things they needed and they can locate those valid arguments that able to help them learn. Bitcoin is never ending process so they make sure that aside from researching they also grab their piece so that everything will be worth in in long run.