Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Derekfunds
on 21/03/2025, 20:16:19 UTC
Almost anyone should be able to figure out whether they have an extra $10 or not.  If they cannot figure it out, then they have to figure it out...so once they figure out that they have an extra $10 they can get started, and they can sort out the other aspects of their potentially messy finances and/or psychology as they go.  Position size can do a lot in terms of both starting out and also not overdoing it so that there are abilities to figure out an appropriate level of aggressiveness.  I would thing that most people are going to start out investing into bitcoin in a non-aggressive way and work their way up towards being more aggressive, unless they happen to already have a pretty good grasp on their finances and they can understand and appreciate the strength of bitcoin's investment thesis from the start.
$10 constant investment will amount to little in the long run and almost a messy way to start up a bitcoin investment, I think also that for anyone to arrive at a successful investment position one needs to be aggressive a bit, at least that will help us to be able to take some aggressive financial decisions that can help us to arrive at a good investment position faster.

Investing a low amount like $10 as mentioned by members sounds like a joke considering Bitco.

Some beginners do not have any idea on Bitcoin investment or any strategy they can use to accumulate Bitcoin in to their portfolio during the month but they still choose to get started cause they believe that the earlier they start investing on Bitcoin the earlier they also get knowledge about Bitcoin and the kind of strategy they could use to keep on accumulating more Bitcoin. However at first they may think to invest little amount but as time goes and they begin to understand the process of Bitcoin investment, they might decide to increase the amount they are investing on Bitcoin (many from $10 to $50 weekly). Weekly Bitcoin investment is kind of better than monthly investment but it depends if the investor is getting money every week.
This is why in most cases is always advised that you understand and study about the Dynamics on how the market works before you start your BTC investment journey, because hence you understand how to strategize your accumulation, any decision that will be taken will be an informed decision. A beginner is supposed to study the market carefully before knowing the strategy he/she is to use that will best suit him/her because you don't test the depth of a river with your two feet.

What's the point studying the market when you are a Bitcoin investor that has the intention of holding for a very long time?
Don't you know that studying the market are what traders do? Which we all know that can be very draining sometimes.
All you just need to do as a beginner is to have the basic knowledge of Bitcoin, how to buy through the DCA accumulating strategy and what meds to be in place to be able to hold successfully, like having a source of income and an emergency funds needed to protect your holdings against any serious emergency needs that may arise in the future,  so a newbie investors has no business studying the market before buying, because Bitcoin is still very cheap as of today, comparing to how much it might skyrocket to in the future.
Of course a beginner needs to understand how BTC invested works, so he needs to have knowledge, this basic knowledge your referring to needs studying, you don't just jump on something without knowing how it works, I was basically talking about strategies a beginner can use, understanding that there are different strategies when it comes to BTC investment, and he/she should choose the one that best suits him/her after carefully studying and selecting the best strategy that will be in conformity with his income, and also having the mind that there is need for sustainability upon using that strategy. Maybe i should stop using the Word "market" so you can get me clearly.

I think you misunderstood what the op is saying, the op didn't say studying or get the necessary knowledge about Bitcoin is wrong or bad rather what he was advising was that a beginner is not suppose to be studying and analyzing the market because the people that does that are traders not investors and that is true though investor do check the market but not to analyze and study it because it is a waist of time and energy since we are not thinking of short term or how to make profit in a twinkling of an eye. However, a beginner should get the basic knowledge and start first and along the line they will be increasing in all aspect of Bitcoin investment and the truth is knowing you can't know everything at a start rather the more you stay and remain focus the more you will be understanding somethings and learning too.