Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
retreat
on 08/03/2025, 06:37:50 UTC
It is wrong to try to force someone who have no knowledge about Bitcoin to invest in bitcoin.  The first thing to let one know while introducing bitcoin shouldn't be to buy bitcoin, the first thing should be volatility of the market and security and self-custodial wallet,  after all these you can proceed to how one can buy bitcoin(strategies). Buying should be the last thing to introduce to beginners about bitcoin because if you are too fast to convince someone to buy, it will be very difficult for the person to cope with market volatility. 
-snip-

Knowledge about the risks of Bitcoin volatility, security, and non-custodial wallets is an important thing for beginners to understand first. Because most beginners only know that Bitcoin provides an opportunity for people to make a profit, but they do not understand important things such as volatility, security, and the importance of non-custodial wallets to secure their Bitcoin. As a result, what happens is that many beginners buy Bitcoin but then they have no idea that Bitcoin has a risk of volatility, and they do not understand how to secure the Bitcoin they have. This will make beginners make fatal mistakes in their investments, such as selling when their investment is at a loss or they store their Bitcoin on an exchange and then the exchange goes bankrupt or is hacked.