Post
Topic
Board Speculation
Re: Buy Buy Buy or Sell Sell Sell?
by
sotelorene
on 04/09/2024, 16:16:29 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 Bitcoin but 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


I think you are right and at same time wrong. The reason why said you are wrong is that  one can't go into any investment without a basic knowledge or idea of what you he/she is venturing into, now what is basic knowledge? Basic knowledge are those simplified or simple, foundational knowledge etc one has concerning a particular investment  and this is the least knowledge one ought to have before going into any investment, everything in life has sequence and if it's not observed one will definitely see it consequences.

You are right when you said waiting to acquire more knowledge before investing in Bitcoin can result to loss of interest this is absolutely truth and in Bitcoin investment I don't think there's need for more knowledge because the basic knowledge will be sufficient and enough to help one sail in his or her investment though waiting to acquire more knowledge is not a bad idea too because there are people that wouldn't want to make a mistake why carrying out their investment and I think people that will loss interest are people who are not determined.