Quote from: Ruttoshi on October 08, 2024, 06:08:02 PM

Quote from: Dailyscript on October 08, 2024, 05:50:32 PM

Quote from: SuperBitMan on October 07, 2024, 12:15:25 PM

Some people will sugar talk Bitcoin investment to the point newbies will be Bitcoin can even be used as a source of income were one can be making money weekly or monthly even trading Bitcoin won't give you gain weekly or monthly so no need sugar talking Bitcoin investment to newbies.
When we stop sugar talking Bitcoin investment to newbies it will help them know the true value of Bitcoin one can tell them to imagine how much profit those that has been accumulating Bitcoin for 10 years now have gotten with this you have given them the best knowledge which is knowing the true value of Bitcoin.

It is advised that beginners should make personal research and have knowledge of what they are getting into and not just follow any advise they see online. Only a child can be fooled around with the sweet talks from influencer, colleague or peers. Any Investment we plan to do it is important that we have our own convictions based on the knowledge we have gotten from it. Any choice we make after that is left for us to bear whether good or bad. No doubt that there are people who because they are successful at their investment they will make Bitcoin investment look like a child plays, like there isn't any much to do. Of course, no hard labor or compulsory daily presence needed but the decisions we make at every stage, or time in the market matters a lot.

The best knowledge to get in Bitcoin as a beginner is understanding the value of Bitcoin. The value's of Bitcoin consist of knowing the level of increase in price it will have in a number of decades , it involves knowing that Bitcoin cant fall to zero like other shitcoins, its knowing that you can depend on it to store your fiat value in a long run against inflation. There are other values of investing in Bitcoin, so much more that i cant explain all.

It is impossible for anyone to know the price of bitcoin in the next decades since bitcoin price is unpredictable and past record is not a guarantee that the future will play out the same way. A new investor only needs to believe in bitcoin after checking the price history of bitcoin and see that the price of bitcoin going up in future has high odds than it going down because bitcoin is still going to mature more and more overtime.

After the new investor have the believe in bitcoin that it is worth investing in and have the basic knowledge of bitcoin, he needs to know how much of his discretionary income he can use to start buying bitcoin without stress, so that he can continue buying with such amount every week or month using DCA method. If the investor has not fully believe in bitcoin potentials to grow exponentially in future due to little knowledge he has in the beginning, he can start investing in little amount, since he is learning and investing at the same time, after he increased his knowledge and have the true picture of bitcoin and believes in it, he can increase the amount that he is using to invest in bitcoin and become more aggressive in buying.

The most important thing is having a long-term mindset because that is what will make you appreciate bitcoin as an investment and a store of value rather than messing around with your bitcoin because of short term profits.

Yea, your statement is correct, personally i believe that volatility is the reason why Bitcoin price is unpredictable as such we can't rely on any history to know what the price will be today, tommorow or in the future, I think a new investor can not be convinced in a Short while, he has to keep buying with what he can afford continuously,slowly and steadily with time he will know if the investment is worth it or not, Bitcoin is said to be a long-term investment so for a new investor to get his expected result he must keep investing and hodl for a long-term because you can't get what you want if you are not into the investment, first and foremost you be part of the system before you can be able to see some things happen.

A new investor at all time should make it a priority to use the amount that he can maintain to invest in Bitcoin, it is advisable not to make poor decisions in regards to financial management and investment respectively, that's why DCA method is there to relieve investors the stress of making poor investment decision thats capable of making them to discontinue their investment process or plan.
Investing with a little amount is good as a beginner though it depends on the individual discretionary income but be it as it may, this prepare the new investor to understand how the works but a newbie should not be in a hurry to get quick results because it isn't assured, his mindset should be in a long-term because Bitcoin increase overtime not in a twinkle of eyes, I believe with this understanding a new investor wouldn't want to reduce his aggressive DCAing (if he is actually doing it) since he now understands that what he wants cant be achieved in a short period of time.