Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Dzwaafu11
on 09/09/2024, 15:16:20 UTC
Yes, it is always important for people to have a good knowledge of the investment they want to start so that they can know how to handle the investment and become successful with it, but when it comes to bitcoin investment, newbies or new investors don't necessarily need to gain any bitcoin knowledge before they can start investing their money into bitcoin. What newbies or new investors should be concerned about in bitcoin investment is their finances to know if or not they have a discretionary fund that will allow them to invest in bitcoin. As time goes on, they can start learning about bitcoin.

Why? And what will be the use of the money they want to invest when they don’t know how to invest in bitcoin? That doesn’t make any sense; it is not advisable to put your money into something you don’t know anything about. So the first thing you should do is learn the concept of bitcoin investment. Even if you won’t learn the whole thing, you need to know how volatile the market is, the risks, and how to manage them. After investing, any other knowledge you need can come in, but investing without the knowledge is totally wrong.