You can aswell get those proper knowledge when you have already started buying bitcoin because i believe you will know more when you are into proper with your little knowledge at first, bitcoin investment is not too hard to know as people may think first thing is to get started when your Discretionary income is ready to avoid procastinating while trying to gain proper knowledge.
It's not too hard, yet people may be inclined to drop their bags even if they see even a bit of red.
To avoid this, knowledge should be built up beforehand.
The flexibility of the idea and concept of the DCA strategy of accumulating Bitcoin is more reasonable enough for anyone to be accumulating Bitcoin at the time building up knowledge gain from the market experience, it is better to be low coiner than to be a no coiner, what is being prioritize prior to getting started is the basic while you learn more about the environment along the line, it is retarding for anyone to think that they needed build up knowledge before getting started because you can never be satisfied, Bitcoin is growing asset that lot's of new things or innovations can be keep happening in the environment. It is best to get the fucking started and figure out other things in the process, you can not maximize the knowledge you seek by just sitting around the corner but getting started will increase your quest and curiosity for more knowledge.
Totally depends on what kind of bag you do have on which it will really be neither having that for short term and for long term but actually it wont matter because even if you do put it for long term bag or short term bag then you can still be able to make money with it at the time or moment that the price will really be having that recovery. The thing on here is that on how you would really be able to make out those decisions whether you would really be selling or buying then it will really be that up to you on how you would really be able to make out such entry but the pretty much sure that the lower you would really be able to enter then the higher profits that you would really be able to make profits whenever the market do make out such recovery but of course we dont really know on how low would be the market will really be able to get that low. We do know that this market wont really be having that accurate ways or path to take on which it will really be that pumping or dumping or making up some consolidation period on which it will really be that hard for you to determine on where it would really be doing. Buy or Sell? It is really that very easy to tell but on the moment that it will really be making out such movement then there would really be that hesitance on which you would really be that trying to think whether its the right time to buy or sell since you will be that trying out to maximize at finding out that bottom or peak on which this is a common approach and this is why we do missed out several opportunities to make money or profits.
Because it's impossible to predict the price of bitcoin makes it more risky and useless for me to see trading as a means to make profit. This is because trading is 50-50 and you losing your bitcoin is as stake because you feel that you can outsmart the market. So why would anyone that loves to invest for a better life in future choose to trade.
Profits isn't everything when we are talking about bitcoin, because some people the moment they hear bitcoin or buy bitcoin, they start thinking about profit which is a wrong orientation. Bitcoin is a store of value and if you are buying bitcoin, focus on long-term and have a bitcoin target that you will focus on accumulating, so that it can make you more focus and keep your bitcoin accumulation ongoing with your regular weekly DCA for 4-10 years and above, with consistent and persistent.
The stress of studying the market and reading charts is one aspect of bitcoin investment that I still feel is purely careless risk that has very high potential of loosing every asset and this is what they refer to as trading, haha. Why not save some stress, but by DCA and allow your asset to grow with time. Investing with a spare fund often referred to as discretionary income is best and stress-free.
Trading can make you quit bitcoin investment completely and shouldn't even be tested at the first instance. Buying to hodl remains my best bet even though no one can impose his opinion on anyone else.
Well even though I don't support trading or I don't do it, it will be wrong for me to use bad words on them but what I know is that those who don't have enough money to continue whenever they incur loss are wasting there time, energy, and the little resources they have. However, I believe to some point everyone knows what is right to do and what is wrong to do. Life itself is hard so why making it so hard by going into something that you are not sure of the outcome and I pity some traders who don't know what can possibly happen if they became an addict, they will be selling properties and some other things just to get what to use and trade and it can make one run mad because when trading, emotion is involve.
it is very wrong to use bad words on those who are trading, why not advice them instead for them to know that bitcoin is more profitable and less risky when they accumulate and hold it for long of time, condemning those who are traders or using bad words on them may make them not to realize that bitcoin holding we make them not to be at lost, and they we be in full control over their emotions.
Don't only preach to them how bitcoin can be more profitable and less risky when investing than trading, Also let them know that back up funds and emergency funds are very essential in bitcoin investment in other for them to able to build a solid investment portfolio for long term, enlighten them very well that they should invest with their discretionary income that they don't need for long term, using the DCA method after they must have settled all their needs and expenses, for that's what good investor does.