Quote from: Agbamoni on March 01, 2025, 02:28:22 PM

Quote from: JayJuanGee on March 01, 2025, 03:02:56 AM

Newbies need courage, but also they need to start, so if they are having dilemmas in regards to the various points that you are raising, then they still should start and adjust their position size to a smaller amount.

And, yeah, they might have to create a list and then figure out which parts of their list has higher priorities.

They are not sure if they believe in bitcoin as an investment or not as compared with other places that they could put value.

I believe not everyone knows a lot about economic to be able utilize the scale of preference rule. To becoming a good economist it takes years of study and perseverance. While reading through your response i come to the agreement that we dont need to be an economist to know what should be of priority. Adding to creating a list the next thing to do is to pros and cons to each item on the list. Then calculate the one with the highest score that is how we know which should come first.

Quote from: JayJuanGee on March 01, 2025, 03:02:56 AM

if they choose to invest $10 per week while they are researching further into the matter, they still have to dedicate some time for figuring out from where they are going to source their coins. and other kinds of actions related to that. They also have to make sure that $10 per week is a sufficient amount for them to get started.. so they might have to figure out some aspects of their own budget.

Maybe if they are choosing to invest $10 per week into bitcoin, then maybe they would also be able to figure out a way to dedicate a minimum of 2-4 hours per week studying things that are related to bitcoin.

Exactly what i had in mind. But dont you think they should invest using percentage of their discretionary income instead of investing with a particular amount in mind. So that when there income increases while they are still making further research they will choose if they want to decrease or increase the percentage in the long run. $10 should be a minimum amount to be use for their investment.

Since there are so many variables regarding how folks are accustomed to managing their cashflows, it can be difficult to prescribe any exact way that a person might figure out how much he is able to invest into bitcoin each week, whether it is $10 or some other amount, and surely some folks have more regular income and expenses as compared to other people, and surely some people have more discretionary income than others, too, so the ones with more discretionary income will have more options as compared with the person who barely has any discretionary income or the one who has to figure out ways to increase his income and/or to decrease his expenses in order to be sure that he has discretionary income and also to be sure that he has calculated correctly so that he is actually buying bitcoin with discretionary income rather than with money that he later needs for expenses.

There are a lot of folks who may well be a little bit sloppy with their cashflow management, and they are more easily able to get away with being sloppy if they had never engaged in a process of building an investment and also trying to build systems in which they are going to be able to withstand any temptation to tap into their bitcoin investment at a time that is not completely of their own choosing and also in line with their hopefully BIGGER goals of investing into bitcoin rather than trading which would mean adopting an investment that is 4-10 years or longer.

It can take time to both develop the practices but also to reinforce the practices and to spend time learning about their investment, even if they are ONLY able to spare 2-4 hours per week in their ongoing learning process.

If they choose to buy $10 or more per week on bitcoin and they spend hardly no time learning about bitcoin and they think that they will just learn about bitcoin without any effort, then they may well putting themselves at an information disadvantage and not knowing hardly shit about the thing that they are buying. which truly is not going to help them to build conviction about bitcoin in terms of really figuring out what bitcoin is... and surely I have some real world friends who buy bitcoin and shitcoins for even more than a whole cycle, and who still seem to hardly know the difference between bitcoin and shitcoins, even though every week they are buying bitcoin and shitcoins... and from my perspective, there is some kind of a disconnect with some people, and it can take a long time for some normies to actually learn about bitcoin and to even figure out how bitcoin differs from shitcoins, even when they seem to be otherwise smart people.

Quote from: promise444c5 on March 01, 2025, 06:29:02 PM

Quote from: JayJuanGee on March 01, 2025, 03:02:56 AM

Newbies need courage, but also they need to start, so if they are having dilemmas in regards to the various points that you are raisin,then they still should start and adjust their position size to a smaller amount.

Yeah agreed and besides, some point raised by OP are just what anyone should have figured out normally before even investing yet if they don't it's still ideal to doing what you suggested and with time they could level up.
Also, learning about some isn't as complicated as OP might want to take it imho, all it needs is just starting from somewhere, even a week could be enough in figuring out most of it . All other research can follow after having the experience.

Well, there are 9 categories of learning (9 individual factors), and within some of the categories, any normie off the street is already going to have answers to each of the categories.

At the same time within any of the categories, there could be some deal breakers that might not allow him to get started right away, and so he might have to spend a bit of time resolving some more narrow questions in regards to getting started aspects and including from what batch of money he might need to draw and perhaps figuring out some bitcoin sourcing questions, yet there is no end to actually learning and developing within the 9 categories, since the subject matters within the 9 categories of issues to learn and to contemplate are not completely static, so within some of the categories the answers will be more clear, and within other categories some thinking and/or planning and/or projecting of scenarios might have to take place...

Yet at the same time, there is no need to really figure out all of the answers to each of the categories in any kind of details before getting started to invest into bitcoin... even though even a hypothetical person who knows that he has a budget that he would be able to buy $100 per week in bitcoin, he may well choose a less aggressive approach, and he may well realize that he would be better off to start investing at $10 per week and then to spend some additional time preparing himself in other ways within the 9 categories and also perhaps he starts his investment into bitcoin at $10 per week, and then after a few months he ends up getting his amount per week up to $100, and he also might figure out that he has some lump sum way that he could gather up some funds to reallocate some funds that he knows that he has into bitcoin, too, but he might not want to invest such known lump sum amounts into bitcoin until he spends a bit more time studying and/or figuring out further about aspects of his 9 factors... and in the meantime, he has started his investment into bitcoin with $10 per week, and he is more engaged with learning bitcoin, and learning his 9 factors, and he may well have other things going on in his life too, but his ongoingly prioritizing 2-4 hours per week to spend on studying bitcoin and figuring out several of his 9 factors, he may well be developing conviction about what is bitcoin as compared to other possible investment options, which happens to be ONLY one of the 9 categories that he is spending time and trying to better figure out his perception of the matter and his level of bitcoin conviction, to the extent that he has developed much if any conviction.

Quote from: Money bag on March 01, 2025, 10:09:40 PM

Quote from: JayJuanGee on March 01, 2025, 03:02:56 AM

[edited out]

Is only those that did not know the importance of Bitcoin that will not invest when the need arise, especially for those that knows when it rises and when it falls. We are now in buying and selling in that case you sell your coin and have your profit no matter how small is please we shouldn't be greedy thanks.

Of course, if you don't know what bitcoin is, and you are merely seeing short term dollar profits, then you may well consider that you want to cash out and not be too greedy, which also likely shows that you don't really understand what you had invested into, so you may well have to adjust your investment size and spend time learning about bitcoin, so that you are not getting too caught up in trying to figure out short-term BTC price moves. .but instead, investing an amount that does not cause you to get worked up about trying to figure out if the BTC price might be going up, down or sideways. It can take time to work out some systems, so then you can realize that greed is almost a non-issue for investors to be contemplating, even though he may see that a lot of the volatility of bitcoin may well relate to greed, manipulation, trickery, and even attempts to confuse bitcoin with shitcoins, so many bitcoin investors should be figuring out systems in which they are able to try to stay focused within their own means and keeping their eye on the prize, which is bitcoin, and if they are in their first cycle of bitcoin, they may well just stay focused on buying and building no matter the BTC price, and then perhaps reassessing (and/or learning about bitcoin as they advance in their bitcoin investing adn their building up of their bitcoin stash size).

Selling and/or greed should not even be an issue for someone in their first cycle, even if their holdings happens to be in profits.

You are ONLY on the forum for a bit more than a month Money bag, so unless you have been buying way before your forum registration, it seems a bit strange that you are lecturing about the supposed relevance of greed for any guys that may well need to stay focused on buying bitcoin, especially since, selling is not going to help any newbie to accumulate more bitcoin, which the accumulation of bitcoin should be the focus for an overwhelming number of newbies, unless for some reason they had front-loaded their bitcoin investment, which is not that common of an occurrence in order to be relevant to whatever you seem to be talking about, Money bag... to the extent that you even have any meaningful input.. since maybe you should be asking more questions or perhaps describing some aspects of your own investment and/or BTC accumulation dilemmas rather than giving lectures... unless you, as a newbie, are trying to present yourself as some kind of an investment and/or bitcoin guru, even when you seem to be employing some of the rookie mistakes of mixing up trading with investing.