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Someone can start Bitcoin investment with only fundamental knowledge. Later on, they can further their understanding of Bitcoin. The basic knowledge needed is that Bitcoin investment is to know that bitcoin a volatile asset. Secondly, one should know how and where to buy Bitcoin to avoid scammers and understand the concept of wallets for investment.

With that knowledge, I believe it is okay to start Bitcoin investment. Waiting for deep knowledge about Bitcoin should be a gradual process, as waiting too long could lead to missed opportunities. I feel that trying to gain comprehensive knowledge before starting often makes people hesitate or give up on investing in Bitcoin.

However, if someone begins investing in Bitcoin with basic knowledge, it can motivate them to learn more about it. One crucial thing people should remember is to invest only what they can afford to lose. This mindset helps them avoid panic if Bitcoin decreases in price. Since the money invested is affordable to lose, it reduces fear and allows them to handle the risks better.On the other hand, even with proper knowledge, if someone invests more than they can afford to lose, they may panic and sell some or all of their Bitcoin during a price dip.

Another thing is people wanting to take profits quicker than necessary, Why Discretionary money (money you can afford to lose) is advised is so you can leave your investments atleast 4-5years without having to worry about their money..

Bitcoin is more like a long term investment, so anyone putting his/her emergency fund is just taking a big risk, and it’s more like gambling which is not advisable coz when there’s an eventual emergency it becomes a crisis for the investor.

There is no guarantee that you will be able to profit from Bitcoin investment within 4-5 years, and even after 10 years, Bitcoin cannot guarantee profit. But based on the possibility, if someone can hold it for a long time, then he can get several times more than his investment. In terms of bitcoin investment, the investor is definitely advised to use a discretionary income so that he can continue his investment without any obstacles in the long term. And if an emergency fund is kept in any situation, the investor can hold his assets for a long time. Many investors may decide to use Bitcoin for any reason before reaching their intended destination. When the investor forms an emergency fund, he will be able to control those situations and can continuing his bitcoin investment without hindrance.

4-5 years or even 10 years in my opinion is the time limit that allows an investor to profit from Bitcoin investment and we must admit this, it's just that the profits obtained are not as satisfying as long-term profits without a certain time limit that will guarantee you will get much greater profits from all that.

Real evidence of the Bitcoin price trail at that time when compared to now has reached 1 and a half decades, the price continues to increase and passes 4-5 and 10 years the price continues to increase. So there is a possibility that such a case will happen again that the price of Bitcoin the longer you hold your assets firmly, the price will continue to increase which will provide much greater profits compared to the profits obtained under 10 years.

And this is often discussed and always in every comment that having discretionary income is a safe way in the investment journey, because discretionary income is the income that remains after paying important costs and basic needs and so on to be used to buy Bitcoin regularly which will not cause problems in your life journey and also your investment. And emergency funds are also needed because we don't know what will happen to us in our life journey, especially in financial matters and when we really need it without involving Bitcoin at all.

It seems pretty short-sighted to me, if a guy spends 4-10 years to invest into bitcoin and then he sells all of his bitcoin. There is no reason to conclude that selling all of your bitcoin is a good plan, especially if it may have had taken 4-10 years or even longer to build it up. Some kind of sustainable withdrawal whether price based and/or time based seems more practical rather than selling all of the BTC that had been accumulated.

I totally agree with you here. It doesn't make sense when an investor has gone through all the ups and downs for over 10 years holding their Bitcoin only to end up selling all for what. If they had made an enough profit over years, they should have taken the profits gradually making sure they still have enough Bitcoin in their portfolio to keep the investment ongoing. I expect every investor that has gone through 2 cycles of Bitcoin to be smart enough to know that Bitcoin is higher over time by now they should have known that.

Wealth is not just build buying and selling what we invest in. If we can manage our investment when it has grown we will gain wealth. But selling off all completely will only take us away from the game. However, in as much as we do know the disadvantages of not selling all our investment some investors will still make the mistake thinking they have seen the highest profit when they can get more over years and take profit gradually.

It is a better strategy taking profits after hodling for 4-5 years of your bitcoin accumulation. For at least over the next 4-5 years again. Investment is supposed to be continuous at all time. Withdrawal of all your bitcoin after a period of time can bring you to an abrupt stop in bitcoin accumulation. However you're not obligated to withdraw part of your profit after the said time if you still want to hold further. Moreso, bitcoin investment is a future investment and best describes retirement plan. It won't be so advisable to withdraw when you still have other sources of income. The goal is accumulating the much possible amount of bitcoin anyone can afford over time. The more you tend to regulate your withdrawal and remove your profits, the more you loose your assets.

Investing by DCA and Discretionary income can help you take off your mind from your bitcoin wallet which ythe only way you can be able to Hodl for long. Instead of spending time and energy trying to convince someone to Hodl for long, same energy should be channeled on letting them understand why they should only invest with discretionary income and best by DCA. By so doing, beginners won't have any reason to withdraw their bitcoin before long.