Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
sotelorene
on 06/03/2025, 12:25:01 UTC

If you want to invest in bitcoin, of course you must first learn how to do it step by step so that your bitcoin investment goes well.

I personally would suggest you to learn about wallets first. Because if you don't understand this, I think it will be a problem. Because a wallet is where you store the bitcoins you have. So don't store the bitcoins you buy on the exchange, because it is very risky. That's why I suggest you learn about wallets first. Then if you already understand about wallets, then you can buy bitcoins on the exchange and send them to your wallet. Also, don't forget to be more careful when you are going to send your bitcoins to your wallet. Because if you make a mistake with just one letter when you enter your wallet address, of course it will result in your bitcoins being lost. That's why when sending bitcoins to the wallet you have to be more careful.


If you are new to Bitcoin investment then it is important to have basic knowledge. If you do not understand what Bitcoin is, what is the function of Bitcoin, how does it work etc. If you do not have knowledge in all these things then I would say that Bitcoin investment is not for you. .

After gaining some knowledge about Bitcoin then you can gain knowledge about wallets. Because if you do not know how to invest in Bitcoin then I think it is a mistake to know about wallets first.
It is necessary to have some basic knowledge before investing, but if the investor does not accept Bitcoin, then it may be more difficult for him to expand the scope of this knowledge. If an investor wants to acquire more detailed knowledge about Bitcoin in addition to accepting Bitcoin, then holding a small amount of Bitcoin will be more suitable for his learning. But those who only try to gain knowledge and do not hold Bitcoin will never be encouraged to invest in Bitcoin. If you purchase a small amount of Bitcoin to increase your knowledge and do it regularly using the DCA strategy, then you will be able to acquire sufficient knowledge for Bitcoin investment in a relatively short time, which will encourage you to invest in Bitcoin. There are many learners who spend too much time learning in the beginning and then lose interest in investing in Bitcoin. So, to gain knowledge learning about Bitcoin is beneficial if you collect a portion of Bitcoin.


First of all it doesn't even make any sense for someone who doesn't accept Bitcoin to still go and learn about it I mean it is weird and pointless just imagine me going to learn how to trade when I don't even like trading, I don't accept it, so of what use will it be to me? it is a waste of time and energy because if I should put that effort and energy in something else that I like or accept I will do exceedingly great. However, someone will only lose interest in Bitcoin if he or she doesn't have enough fund to keep the investment running or if someone is not doing the right thing but if you are doing the right thing and you have your discretionary, back up fund etc intact you will even be happy with yourself because of the level of progress you will see.