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Quote from: Bd officer on Today at 11:35:17 AM

Quote from: Tonimez on January 27, 2025, 01:48:44 PM

Not investing in bitcoin even after having the knowledge is sometimes demoralising after realising that the price has left where you met it. Procrastination is a thief of time and works perfectly well in the midst of excuses.

I have always known about bitcoin for long now but didn't know how it worked neither did I get interested in knowing how it works. I got keenly interested in bitcoin in investment last year June when bitcoin was less than 63k when a friend tutored me on how it works. I became excited and wanted to try. But learning the knowledge of bitcoin from a trader is a very big setback on long term investment. I only learned that you can buy and after a while when the price changes to something above your cost price you could sell.

Everything was right but I didn't get to learn that there was more to bitcoin than trading. I sold of the little I had immediately bitcoin rose to above 70k and became skeptical about buying again. Within few months bitcoin crossed the 100k ATH and that was when I realised I learned the wrong way.

Buying bitcoin is not really an issue, but being disciplined not to sell it off in a little provocation. Now, we buy and buy more because I have come to realise that bitcoin is closely a one way project, always on the rise. Learning about bitcoin from a trader is one of the worst hurdle anyone can have in the area of bitcoin investment.

Yes, you won't get the right idea about Bitcoin from a trader. The trader buys bitcoins and sells them at some profit. So if you go to a trader to get ideas about Bitcoin then he will give you ideas about trading. When you invested, if you could have held until now, you could have been in good profit now. Bitcoin will grow in popularity day by day and Bitcoin price will continue to rise in the future. Since you realized you were wrong, you continue to invest in Bitcoin again and hold long term. So you can follow DCA method, which is the best method to invest in Bitcoin.

I think a trader is only the most knowledgeable about trading, he may not have much idea about investment success and investment potential. So a trader will never give a detailed idea about investment of new investors. Those who have not yet had full knowledge of starting investment enter this forum or search Google and see how to start investing in Bitcoin. Maybe it is through this that they will be able to gain primary knowledge. According to you, Bitcoin's popularity has already increased a lot, the popularity of Bitcoin investment among people is increasing at present, because it does not require too much money to invest in Bitcoin, to start investing only need willpower and money.

I don't actually agree with you when you said a trader may not have much idea about Bitcoin investment because in Bitcoin investment there's no top much analysis or calculations rather it is just knowing how to buy Bitcoin using any method of your choice and hold but DCA is the most reliable method which can help both the poor and the rich, so I wonder how a trader who is playing with crypto won't have an idea concerning Bitcoin investment as a matter of fact some trader are into trading and Bitcoin investment I have friends that do it but I often tell them it is not safe for them. I agree with you when you said only trader are most knowledgeable in trading because most investors don't know how to trader and they won't even want or wish to know it because they can be tempted to...