Quote from: dezoel on Today at 05:10:33 PM

Quote from: Tmoonz on August 29, 2024, 04:38:36 PM

Undoubtedly, Bitcoin investment can be risky but not as risky as most people may have it, it is always advisable to invest the amount of money that is more like a Left over or disposable income after taken care of our living expenses which is very important and essential, even though we can not completely rely on history which of course has given us so much guides, Bitcoin has proven to be a good coin with a solid foundation which is also meant to reduce the feeling of risk that should attached to it.

It's all about doing enough research and understanding everything before one gets involved financially because when you are entering a financial market, you need to understand how things work around it and how to avoid or mitigate the risks involved with trades or whatever you do there. When it comes to the cryptocurrency market, it is extremely volatile and unpredictable, so when someone is starting their journey here, they should do enough research before they begin even if they are going to invest in Bitcoin.

Quote from: Farma on August 30, 2024, 07:51:24 AM

Every investment certainly has risks in it and to be able to avoid risks, good knowledge is needed about the investment that we will run

Exactly, most newbie investors make the mistake of ignoring the fact that they need to have enough knowledge before they start, so they start buying cryptocurrencies right after hearing about the market because they think it's very easy to earn money from this market which isn't true.

I don't think investing in Bitcoin requires having enough knowledge, having a basic knowledge of the market dynamics is enough for anyone to start accumulating Bitcoin and figure out other things while already in the market, Bitcoin is a growing asset where new things are prone to be introduced in to the market hence anyone ever considering of getting enough knowledge before venturing in to Bitcoin might end up not investing because he or she may not be satisfied with the knowledge they have and Bitcoin is not going to be waiting for anyone, so the logic should be invest with the money made available for investment and figure out other things on your way up which is far better than wanting to have enough knowledge first before starting up your investment, the DCA strategy of accumulating Bitcoin is a lead of gaining experience investment while already in the market.