Quote from: Felicity_Tide on September 09, 2024, 05:45:52 PM

Quote from: Promocodeudo on September 09, 2024, 12:50:57 PM

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It is even funny to say newbies should have enough knowledge before starting their investing journey when we know that there are many things involved in Bitcoin which is not possible for us to know all before investing, we are only concentrating on the investment aspect which is the major thing.
This people waiting to have enough, are they going to get the technical knowledge too before they can invest? If that's the case I don't think they are ready for the investment, sometimes when I see people say this things I laugh because many people are busy investing and some are just somewhere indirectly discouraging themselves with a delay mindset. As far as am concerned the investment is real, tested and trusted and if you are still waiting, you are on a longthing, wait no more, start doing the needful which is buying slow and steadily with the amount you can afford until you are satisfied with the level of Bitcoin you have accumulated so far in your portfolio and continue hodling for a long-term.

I have read through your opinion, and I like the fact that you are coming from an angle where you feel that Bitcoin technicalities has nothing to do with investment, which is very true. But let me add something, which might have been mentioned before (don't really know). How about we say that a newbie should have both objectives and goal in the early phase of investment?, rather than the technicalities that some individuals think. Goals in the sense that, a newbie must have in mind what he hopes to get at the end of the day for the long term plan, while objectives in the sense that he/she will have to perform certain tasks successfully inorder to hit that goal. Ideally, it is the intension of every investor to make profit, which is automatically a goal, but achieving the objectives is a problem for so many. Regular DCAing is an example of objectives that we've mentioned here. Without fulfilling these objectives, your goal will end up becoming a failed mission.

In other sense, it's important for newbies to accept a long term plan that will yield a better result (goal), and stick with a consistent buying strategy (objectives), that will help them fulfill their goals and also enjoy it's benefits.

Edited:
It just occurred to me that the title of the thread is still Buy the DIP and Hold. Though, my explanation above is still valid, but let me add to it. Instead of having an objective to DCA consistently, then we can have an objective of buying the dip at every given opportunity.

I agree with you and am very grateful to you for throwing more light to what I have said already, with your statement I strongly believe that you understand my point of view, many newbies wants to be jack of all trade master of known and we already know that this is not part of Bitcoin investment, in every journey there is always a starting point and I believe there should be a goal set for every individual to achieve at the end of their Bitcoin journey, that's why it is important for intending and existing investors to take it one step at a time in other to achieve their aim of investing in the said investment.
When most of us statred this journey we know nothing but today we can testify and tell people what we have learnt so far, if we waited to have more knowledge before investing in Bitcoin, we would t have reach where we are today, I have always known that learning is a continues process and for us to learn, we must be part of the process, if not , we can't learn.

I agree with you that profit is one of the encouraging factor that triggered the interest of many investors in Bitcoin investment but existing and intending investors should know that this profit is not achievable immediately it is future thing and for us to get it right we must keep buying the little we can consistently and continuously until we are sure that our portfolio has reach level we want it to be and we keep holding for the future which is long-term to get the profit we have waited for, in conclusion we must not wait to buy when the market is dip since we can actually use DCA to buy the little we can at any given time, buying at anytime is good and as time goes on if the market dips you can increase your capital and buy more but waithing till it dips before buying is not advisable.