Quote from: Onyeeze on September 07, 2024, 03:49:38 PM

Quote from: $crypto$ on September 07, 2024, 02:43:06 PM

Quote from: Agbamoni on September 07, 2024, 02:13:46 PM

Quote from: Mayor of ogba on September 05, 2024, 07:48:43 PM

Newbies or new investors don't necessarily need to gain any bitcoin knowledge before they can start investing their money into bitcoin.

I disagree with you here. Finance is a general need for both new and old investors and no one would want to start an investment if he does not have capital. What is the essence of starting an investment when you don't have a fund? What a new investor needs which is important at that entry level is a basic knowledge of Bitcoin investment without that they are bound to lose their investment at that early age.

Let me tell you something before you go ahead and make mistakes in life even if I do not have the right to advise you financially. But understand this fact, don't start any investment whether Bitcoin investment or not without figuring out how to go about the investment. For a better understanding, you need to know the nature of the investment after your capital has been realized.

Investing without knowledge is like an empty barrel, it's useless.
Still, when we want to start investing, we must know the basic knowledge about bitcoin, how good the future of bitcoin is, and how bitcoin works, if it feels suitable and understands then you can invest because you already understand bitcoin.

Except about bitcoin technicalities, then you don't need to understand this is usually used by developers.

Before starting, of course we must prepare ourselves, such as stable finances, long-term planning, always ready for emergency funds, prepare mentally, and make sure you can be consistent with bitcoin investment because there are so many ways to start including the DCA strategy.

Theirs no one that invested in Bitcoin without acquiring the knowledge or experiencing the method other people apply for the investment, for you to make profit for investment of Bitcoin you have already know the difference between long-term investment of Bitcoin and short-term investment of Bitcoin, so if you don't know these two things I believe that you will not make profit from bitcoin investment, so what I notice that make people to lose in bitcoin investment is miscalculation and greedy, this is the things that makes people to lose fotheir investment.

In the early stages of investing in Bitcoin, a investor should have the knowledge to accumulate beyond the traditional knowledge. Traditional investment concepts often promote trading concepts that encourage long-term holding and accumulation when investing in Bitcoin. If you want to continue depositing Bitcoin with the DCA strategy you should make a long-term decision because you need to remember that it is a valuable asset and its growth can make you much richer over time.

A new investor should not tend to profit from bitcoin as he has to keep depositing first no matter what the amount may be. If he has a system of disposable income and can turn at least 2 cycles from it. Or he may be recommended to hold for longer and run more accumulations during price dips. Miscalculating when you invest means you put on a veil of short term planning that differs from long term investing or accumulate.

Yes it is very important to have cash flow to reduce the tendency to get greedy when investing which can see an investor through the long term plan. I think there must be a balance between having cash flow and doing DCA on a long term basis. In conclusion I should say that in a long bitcoin cycle an investor should have at least 6 months to 2 years of cash flow so that he can keep buying and holding more than every bearish.