Post
Topic
Board Speculation
Re: Buy Buy Buy or Sell Sell Sell?
by
Sim_card
on 03/09/2024, 21:41:41 UTC
However, while investing in Bitcoin must be experienced, you can't invest at any point in time. But if you have experience with Bitcoin then you can definitely invest by following DCA method and accumulate it for a long time and sell it again.
I think a beginner should know the basic knowledge about bitcoin investment and grow his investment portfolio by buying bitcoins regularly using DCA method. Even if many people have no initial investment experience, by using DCA to buy Bitcoins on a weekly or monthly basis, they will gradually increase their investment experience as well as their investment.

A beginner don't need any basic knowledge about Bitcoinbut can buy Bitcoin and learn more after they must have made investment already because waiting to acquire more knowledge about Bitcoin before investing may lead to loss of interest because you will always feel that the knowledge you have gotten is not enough to guide you all through your investment period and no one can know everything about Bitcoin so it's better to invest before getting the fundamental knowledge about Bitcoin. The DCA strategy is already a popular method by which every one has the opportunity to buy Bitcoin so they can decide when will be good enough to DCA either weekly or monthly
You are wrong and AirtelBuzz is right because of a beginner does not have the basic knowledge of bitcoin how will he know the r ight way to invest, that he is to hodli for a long term in order to limit the risk in bitcoin due to the volatile natute. How will he know how to buy bitcoin from an exchange. Basic knowledge is not something too vast but just the important knowledge that one needs to know to enable him invest immediately he has the funds.

What you are talking about is deep knowledge and not basic knowledge. With basic knowledge a beginner is good to go with his bitcoin investment and learn any area of his interest as he grow and build his bitcoin portfolio since he is on a long term accumulation journey.