Quote from: AirtelBuzz on Today at 03:19:49 AM

Quote from: Sobz on October 26, 2024, 10:17:03 PM

Quote from: boyptc on October 26, 2024, 10:05:32 AM

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.

The first investment in any investment is to invest in learning to have a better understanding. When there is no knowledge about a particular investment it means you are investing in nothing, it doesn't even matter if what you are using to invest is much. When their is no knowledge in an investment it is possible to be at last which the investment won't be even productive. Knowledge carries the information one is suppose to know concerning an investment and if the knowledge is not there it means one knows nothing.

It is not clear which investment strategy you are referring to in the post, everyone may use different strategies for investing. But if you regularly buy bitcoins through DCA to grow your investment, you may not need to have much investment experience. Buy bitcoins regularly by confirming the source of income and ensure the security of the wallet in which the invested bitcoins are kept. Remember Not your keys not your Bitcoins. No matter how much Bitcoin you purchase and deposit for investment, if you do not provide proper security to the wallet, the wallet can be hacked by hackers.

The information you presented is the beginning strategy of the bitcoin investment DCA method, but I generally say that people who invest in bitcoin have some work in advance that is planning. Because planning and risk-taking is the most important way to hold onto your bitcoins, adopting these strategies will help you keep your bitcoins for a long time. The main reason why you should invest DCA method in Bitcoin is to hold the investment for a long time, not all are rich but there are many poor people who are basically reluctant to save money or have money shortage.
This DCA method is most important for them, because if he deposits a small amount of bitcoins every week and saves it for a long time, it is possible to save the most money in a lump sum or portfolio. Or you should note that this DCA method is not only limited to new and poor investors, it is all people who are rich and both investors can be successful using this method. And the wallet of the person depositing bitcoins must be strong and the key is most important to keep safe.

Quote from: AirtelBuzz on Today at 03:19:49 AM

To start investing in DCA method you need this little knowledge. This is why it is said that dollar cost averaging techniques can be used to start investing with little knowledge, and over time you will gain experience with regular bitcoin purchases. This has been discussed many times in many posts in this thread.

This is how an investor can start his investment and he will be successful, but to hold for a long time definitely requires patience. You cannot succeed in any work or investment without patience, so here are the activities that you can succeed in investing in Bitcoin.