Quote from: Lembo69 on Today at 07:57:34 AM

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

Quote from: Taskford on February 28, 2025, 10:01:59 PM

Quote from: Cryptoprincess101 on February 28, 2025, 09:42:52 PM

[edited out]

Actually not all especially for those people who didn't take their position yet. Maybe they got less information about what better thing to do and what feed up in their mind is those wrong mindset to buy at the dip that's why they scared about if the market pumps or either experiencing some heavy red days.

I guess these people didn't have good experience that's why what better thing to do is to research for helpful information and join healthy discussion about what best thing to do especially if they want to invest with bitcoin.

Since for sure that they would learn lots of things especially those important aspects like this
Money management
How to do DCA
Setting up their emergency funds
And how to increase their beliefs that Bitcoin is strong asset and there's provably huge gonna happen especially that adaption rate is growing, also many more.

People just need courage to start their investment and everything will follow after that.

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.

At the same time, they ONLY have so much time to research into the matter.

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.

I am not unsympathetic, since it is true that any of us have to likely dedicate a certain amount of time whenever we are gong to change or add any new thing to our lives, and especially, we have to dedicate time when we feel that it is something that is quite different than what we are already accustomed to doing. WE might not be experienced in investing and we also might not have had spent a lot of time making sure that we had an emergency fund, even though sure we might have already had a practice of try to make sure that we do not run out of money between the times that we are paid.. so we might have had already established a practice in which we have 2-6 weeks of cash that is available in case our expenses are higher than expected or our income is less than expected.

The reason for the need for courage in beginners is that when a new investor sees the market going up and down, he may panic and think he will lose his money, his blood pressure may start to rise, the more a new investor reads and studies, the more he will benefit, he will learn and understand how to organize his portfolio and when to make a decision. However, Bitcoin is a volatile currency, so he needs to be a more interested investor in the DCA method, beginners get weak or a little scared when he tries something new and when he thinks if it is possible for him, his blood pressure rises. If someone can make a tough decision that it will be done by me, yes I will get this much courage, he will be more focused on his perseverance.

Stop making investing of bitcoin to look scaring and unhealthy by saying someone blood pressure will rise because of a dip. A new investor should learn the basics knowledge of bitcoin and if he is still not convinced, he can start investing with very little amount in the beginning of his bitcoin investment. That little amount will make him not panic when bitcoin price dips, because he does not give a fuck about what happens to the money.

As he is investing, he can also be learning more at the same time so that he can have a better understanding on what he is investing into. During the passage of time, when the new investor have built confidence in bitcoin based on his knowledge and experience, he can increase the amount that he was using to invest initially and invest aggressively to cover up all those time that he has doubt for bitcoin and was investing in a whimpy way.

Experience is the best teacher in bitcoin investment and you should only invest in a long-term with the amount of money that you can afford to lose. Your priority should be keeping your DCA running weekly with consistently and persistently for 4-10 years and above, and sorting other means to increase your income in order for you to also increase the amount that you are putting into bitcoin.