Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
SuperBitMan
on 26/10/2024, 13:16:02 UTC
Yeah, that's what I am saying about basic knowledge. Understanding that Bitcoin is moving quickly and prices vary from time to time.

It's true that they can buy and just understand it later. But in general speaking about investing, someone shouldn't get into an investment that they don't totally understand even the basics of it.
At least a little understanding is very necessary because they cant start investing if they do not know the safest exchange and how to buy it form them and send it to their wallet. The process of buying and storing should be the most important thing they learn fast then how to manage their investment and other knowledge can be learned later. It's just like going to cultivate without any tool, while it's essential to have a tool and know how to use it manually before thinking of buying bigger engines that can facilitate and modify the process.

I see any other knowledge that we ought to learn after investing as sustainable knowledge. That is what triggers us to hold on to our investment as long as we want to.
You are right when it comes to bitcoin investment one needs to know the basics of investment which is how to buy and store in your Bitcoin on your wallet.
However newbies should understand that after knowing this and have started investing it is very important to know about this thing very fast so as to avoid lost which is.
1. Securing your Bitcoin wallet.
After you most have started investing you need to know how to protect your wallet because if you don't protect your wallet you may lose all your Bitcoin to scammers.
I have a friend when he knew about Bitcoin I taught him how to create wallet and buy Bitcoin at first and he started investing I told him things he needs to do to protect his wallet but he didn't take it serious and that was how he lost all his Bitcoin to a scammer who hacked into his wallet.
A lot of newbies about leaning how to create a wallet and buy Bitcoin they don't bother to secure there Bitcoin wallet or even read about protecting there wallet they feel everything is all good so please after starting your accumulation journey learn how to protect your Bitcoin wallet immediately don't waste time in that.