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Quote from: Pursuer on April 17, 2019, 07:43:19 AM

there are only two viable strategies for those accumulating bitcoin in my opinion.
- you either consider yourself a trader which means you have to be buying the dips and each time you see a good opportunity like the correction after we hit $5500.
- or you are just dumping your fiat every time you have some extra laying around and turning it into valuable bitcoin. in which case it really doesn't matter when you buy specially since that strategy is a long term one and whether you buy at $5000 or $5500 doesn't make much difference when price goes up in long run as it doesn't matter if you bought at $220 or $240 back in 2015 now that price is 25 times more!!!

Some of you ideas are good but DCA is smart plan. I think It's hard to time the market. It's more complex.
My personal opinion is learn first. Without learning, anyone may lose money so learn first then think about trade.
And If you want to hold bitcoin, I believe use DCA is a smart choice but spend all the money at once is risky.
Market don't move in the straight line so Watch the market will be wise. No one can't guess future prices by looking at past ones.

You cannot be thinking about trade as a newbie, especially in this thread, you need to get your priorities right, It would surely interfere with your investment plan as you have little or no experience to manage both of them at a time. As a newbie you should be more concerned with accumulating and holding bitcoin and not trading it. DCA is a great option to start with as a newbie, but mingling with trade early enough is a threat to your consistency and commitment to your accumulation journey especially when you have a lot to learn about managing cashflow, having backup funds and purchasing bitcoin periodically.

I would suggest you don't distract yourself with trading, but focus more on investing using DCA as you suggested, with your available discretionary income and having an accumulation target in mind. It is also important you plan a long-term holding period of 4 - 10 years or more so you would've accumulated across a cycle or more and have significant stashes of bitcoin to your profile.

When you would loose all your money is if you venture into trade mindlessly as an inexperienced newbie at your level when you should be investing into bitcoin to secure your future financially.

Yeah you are right as a newbie into Bitcoin thinking about trading or going into it may cause you a lot such as,
Restlessness: because of the high risk in trading your mind won't be at rest and such a thing may cause you restlessnes which may lead to other health issues.
Lost of interest in Bitcoin: a lot of people who would have made it big in Bitcoin investment by now choose to go into trading and because of the lost they had they lost interest in Bitcoin.
As a newbie what you need is accumulating and holding for long term because is more safe and reliable, if as a newbie you decide to go into trading bear in mind you will lose money and all this money you will lose when put together will help you go a long way in your accumulation journey.

Most times one of the driven factor behind newbies going into trading is because of the mindset of getting rich quick, without knowing that trading as a newbie without no knowledge about it is the fastest way to get wreck financially, and sometimes they take that mindset with them into investing, mindset of wanting to get rich quick, which compel them to invest in alt and shit coin due to greedy for 10x to 100x, while most times it's because of how they were misinformed about it entirely.

We put all blames on newbies whereas it is all of us or most of us who are guilty of it, let us not play righteousness right now. I drop one of the most precious gloomy gold rule of trading in less than 30 minute ago about "the 90 rule or 90% rule" (https://bitcointalk.org/index.php?topic=5529843.msg65048301#msg65048301). It is a post that is meant to remind newbie of the danger in trading, but on the wider thought, it should not be limited to them, it should remind every trader how dangerous trading is because we are all victims, investment is better.