Bitcoin matters because it solved a key problem in computer science that led to the invention of digital scarcity. The Bitcoin Network has been operating in it's unconditional since its inception, and the awareness as the world most stronger coin, proving that a decentralized monetary network can enable secure, transparent financial transactions without intermediaries.(banks, government) Over time, bitcoin has grown to experiment to a globally recognized
Yes, bitcoin was created to eliminate intermediaries in our transactions, but I think the step you are taking to show us that you know what bitcoin is all about and teaching us about bitcoin is wrong, and I think it will not help you know what is really going on in this thread. Even though you have gained bitcoin knowledge elsewhere before registering on this forum, you should be more concerned with learning than teaching so that it will help you to understand bitcoin better. In this thread we are not mainly concerned about what bitcoin is all about, but we are focused on investing in bitcoin and holding it for the long term, so I will advise you to focus more on reading posts from this thread so that you will know the proper way to invest in bitcoin and hold it for the long term.
How do you invest on what you don't know, most people in this thread don't know what is bitcoin so if they are not taught or educated they will find still find it difficult to invest because they don't have any idea of bitcoin and holding it for long term, their is a good reason an individual should know or have idea of what you want to do
I doubt if there is anyone in this thread that doesn't know what Bitcoin is , there is a difference between knowing Bitcoin and understanding what Bitcoin is and how it works, if you have heard someone talking about Bitcoin, saying that Bitcoin is a coin and one can invest in it, it means you have already know Bitcoin because you have heard about it but understanding how it works and how to accumulate it is another thing also. These people who have heard about it, should then ask questions how it works so that can know how to go about it because it is wrong to venture into it only by hearing someone talking about it without looking out for the basic knowledge behind it and alot of people do make mistake because they feel they have known and understand everything by just hearing about Bitcoin.
I humbly agreed with you because there is this saying that said my people perish because of lack of knowledge, and they say knowledge is power it is not by mistake, so if you have been hearing about Bitcoin for long time now, there is a room for you to know basic knowledge on how Bitcoin works and you can't say that since i have heard and know what Bitcoin is, and you you to invest on Bitcoin and you don't know how it works you will surely lose your money, you can't practice what don't know about, but once you see some one who can guide on how to invest on Bitcoin and hodl on a long term should be the best option, we learn everyday because what could be difficult for me will not be difficult for you and what is difficult for you will not be difficult for me to explain to your understanding, sometime there is always a room to ask questions on what you don't about.
so buying your Bitcoin dips and hodl in long term is the best option them having the mindsets of selling selling as a newbie.
Even if the title of this thread is "Buy the Dip and Hodl!" it's not applicable to a new investor who is a no coiner or a low coiner. Buying the dip is good for old investors who have accumulated more than half of their bitcoin target, because they can wait for the dip. It's better that a new investor use the DCA method which allows him to buy bitcoin every week or month his part of his discretionary income regularly with persistent and consistent for 4-10 years and above. So that he can keep building his bitcoin stash gradually.
If a new investor wants to wait for a dip, he will miss out a lot of opportunities in the market that he should have used to be building his bitcoin portfolio for the future. The dip is unpredictable and no one knows when it will come. Another problem with waiting for the dip is that, the investor will keep on waiting even if there's a dip, because he has a price that he wants bitcoin to dip to, and if bitcoin did not dip to such price, you will remain a no coiner waiting for no reason.
While you are waiting for the dip, a financial problem might come that will eat up that funds, and make you miss out when the dip arrives. This is why a new investor needs to start buying bitcoin right away provided that his discretionary income is available at that moment. DCA method is very effective and efficient because it gives you the opportunity to buy bitcoin at the bottom of the dip, which people who are waiting for the dip will miss buying at the bottom of the dip. This is why you need to keep your bitcoin accumulation journey ongoing with persistent, consistent and aggressively so that you don't miss buying at the bottom line of the dip and grow your bitcoin portfolio to your target.