Quote from: Zackz5000 on Today at 01:37:08 PM

Quote from: erep on August 25, 2024, 04:39:04 PM

Quote from: Ricardo11 on August 25, 2024, 02:47:31 PM

Every Bitcoin investor should aim to hold Bitcoin for the long term. Buying bitcoin regularly and patiently holding it for the long term is a best investing strategy. And the best way for this is DCA. Investing wisely doesn't always mean technical knowledge, but investing regularly in a disciplined manner, holding patiently for long periods of time, and making the right decisions at the right time, That is investing wisely. Everyone is wise in their own way and in their own strategy, and that personal right perspective is what makes an investor a successful investor.

Agreed, but investors need technical knowledge and DCA strategy to invest at the right bitcoin price and the key is patience to buy gradually at a lower target price than the current market price and many investors are lucky to buy bitcoin at a correction price above 10% a few weeks ago, investors have the principle to be regular and disciplined in implementing their strategy without external influence from bullish or bearish news, all investors have different personal strategies but focusing on implementing a DCA investment strategy is the best choice to gradually add crypto assets.

I think it is better an investor get started already trying to get all the necessary and technical knowledge before Investing may lead to procastination, an investor can be in the Bitcoin market and gradually get more knowledge when he or she is already in the market accumulating Bitcoin.
One of the reasons why we go to school is to learn while we are already in school we learn same thing as Bitcoin investment an investor can be in the market and get more knowledge and understand on how Bitcoin investment works so the best thing is to get started.
And also Bitcoin should be Bitcoin and stop referring Bitcoin to crypto.

It is not easy for about newbie to have the technical knowledge of bitcoin in few months because it is broad an d irrelevant for them if not it will prevent/scare them away from investing in bitcoin. During the time that you are busy trying to learn the technical analysis, the price of bitcoin is increasing and you are missing the opportunity of filling up your stash by buying right away when you have the money and have figured out how much from you disposable will enable you invest amd hodli for long.

If you look at the early people who didn't buy bitcoin then due to some excuses they came up with at that time are regretting it now and some people that also thought it needs too much knowledge to invest and didn't invest are also regretting it. Just the way you save money in the bank every time you receive your pay for an important achievement in future so that the money can reach the expected amount is the same way that you will channel that money into bitcoin instead of your bank.