Post
Topic
Board Speculation
Re: Buy Buy Buy or Sell Sell Sell?
by
Zackz5000
on 21/12/2024, 16:26:25 UTC
I sincerely agree with your narrative, investment are mostly done within the capacity and means of an individual, you don't need to have huge capital before you think of investment, a little drop of water they say makes the mighty ocean and considering the fact that is a long time investment, it is most appropriate you don't go beyond your means because it should be discretionary within your limit, maybe with time hence there is increase in capital you can as well increase your investment.
For investment, it can indeed be started from a small amount of capital because all big things certainly always start from small things so that investors who just want to start investing in Bitcoin certainly don't need to wait for a larger amount of capital if they can start it directly with a small amount of capital without any problems. Because when the investment goal is for the long term by choosing the only best asset like Bitcoin, of course over time every investor can also increase their capital slowly through the results of their work so that their investment will also become bigger one day. So it is clearly not wrong to start with a small capital rather than having to waste more time waiting for the capital to become bigger.
For investment, "not" start investing with a small amount, start with half of the amount you can afford to lose. First of all, a Bitcoin investor should gain a basic understanding of Bitcoin, gain knowledge about the nature of Bitcoin's short-term volatility, and gain knowledge about Bitcoin's long-term potential.

So, for a new investor to start investing in Bitcoin, he should first gain general knowledge of Bitcoin and start investing through DCA, and invest the amount of money he can afford to lose in DCA. He can start investing in this way at first, and gradually learn about Bitcoin and gradually prepare emergency funds and reserve funds (while keeping DCA intact).

It should be remembered that you will not be able to profit from Bitcoin investment in a short time, and Bitcoin will never guarantee you profit, but there are many opportunities to profit from Bitcoin if you hold it for a long time, and for that you must be hold bitcoin with DCA for 8 to 10 years.
Your narration is somehow confusing it seems you are going OFF and ON first you should know the difference between money meant for personal living and money meant for investment, you invest from your discretionary income and there is no need to be afraid to loss if you are investing for a long term purpose because there will definitely be joy at last if you are constantly accumulating  Bitcoin and HODL for long 4-10 and more.

And secondly trying to gain all knowledge about Bitcoin investment before going in could be a bit problematic because you can't know all about bitcoin investment, the best approach is to get started immediately if the money is available and try to figure out more about Bitcoin investment along the line because waiting to gain all knowledge may really be a waste of time which could also lead to procastination at the end you will see your self not investing again and the more you keep on waiting the more the money meant for investment will be dropping down gradually because nobody knows what will happen in the next minute you could probably eat up all the income meant for investment while you still keep on waiting to gain all knowledge regarding bitcoin investment.

The best way is to get started first thing first then other things can come along the line.