Post
Topic
Board Speculation
Re: Buy Buy Buy or Sell Sell Sell?
by
Pandu Geddon
on 21/12/2024, 16:33:51 UTC
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.

What you said is true. Beginner investors or even prospective Bitcoin investors do need to learn Bitcoin from the beginning regarding short-term and long-term capabilities.
Most beginner investors who use the DCA method still have a lack of confidence to hold in the long term. Especially those who are not strong and not ready in terms of financial distribution but have an interest in having Bitcoin. This will interfere with the long-term plan of the investment made.
Bitcoin's popularity has increased very high after they made a new ATH. Of course, you see people around you who have an interest in having Bitcoin even without proper knowledge.