Quote from: Ruttoshi on Today at 10:07:11 AM

Quote from: Tonimez on Today at 06:52:18 AM

Another worrisome thing about buying and holding Bitcoin is fear. This is the reason why a person needs to equip him or her self with the basic knowledge of crypto and bitcoin.

You don't need to have fear in you if you want to invest in bitcoin because it's not a ponzi scheme but a long-term investment that you can take your time and build your investment portfolio based on the amount of discretionary income that you have. Are you not use to saving part of your income for a long time just to buy something of value to you.

In the beginning since you are scared but love to invest, you can start with little amount of money like $10 and buy regularly every week with DCA for while you continue learning about bitcoin. When your faith in bitcoin becomes strong and your believe in it has increased, you can choose to increase the amount of money that you are using to DCA weekly to an amount that will not affect you, so that you can accumulate more bitcoin than before overtime.

One thing you shouldn't ignore is setting up an emergency funds to back up your bitcoin investment. You can set this from part of your discretionary income by using half part of it to build your bitcoin portfolio and the other part for your emergency funds simultaneously. Your emergency funds should be at least three months of your salary so that when a real emergency comes, you wouldn't be scared but use your emergency funds on ground to take care of it.

It's better to start right away with little amount go build your confidence in bitcoin than waiting and not investing because of fear. Make use of the opportunity that you have now because tomorrow might be too late. The future of bitcoin is bright and if you invest from now to 10 years time with consistent buying and hodli, you will be among those smiling in future that you took the bold step to invest now.

If they already know about bitcoin then experiencing that feeling is kinda not normal. It means they don't do any efforts to know more about bitcoin and usually those people have that feeling end up regretting when bitcoin hits new price record. there are two things need to consider first before taking action by newbies. First to get basic knowledge to start and 2nd is have funds that they can afford to let go to invest on bitcoin.

They could just try to spend small amount if they are still scared and learning since they could increase later on the money they want to use for buying bitcoin once they are confident and already get a lot of knowledge about bitcoin. I guess its not necessary at all to set up early your emergency funds since anyone could able to do that once they already established their bitcoin portfolio. Although we may have different approach on this since people have different capabilities when it comes setting up their funds for investment and for emergency matters.

Also people should know that when it comes deciding to buy bitcoin there's no other good answer when it comes on when to buy since the answer of that question is always now, Since its good to react early than feel sorry or regret later on.