Quote from: bitzizzix on Today at 04:18:34 AM

Quote from: cryptomaniac_xxx on March 26, 2025, 11:22:50 PM

Quote from: SOKO-DEKE on March 26, 2025, 05:02:15 PM

Quote from: Gost ms on March 26, 2025, 01:50:40 PM

Before investing or short-term investing, first gain complete knowledge so that you can make your own decisions. I think having complete knowledge about Bitcoin will make you patient.

Knowledge is very important in Bitcoin investment, but the truth is that no one can gain complete knowledge of Bitcoin. Even someone who has been in Bitcoin for a long time doesn’t know everything about it.the best way for someone to start Bitcoin investment is by taking the first step, and in the process of accumulating Bitcoin, they will gradually learn more about it. There’s no need to learn everything about Bitcoin investment before starting. All someone needs is a basic understanding of Bitcoin.

There are people who have accumulated significant amounts of Bitcoin over time. When they started, they just learn how to buy without knowing anything more about. Later, they even more qnd learned the difference between non-custodial and custodial wallets.All you need is the mindset that you want to invest in Bitcoin, hold it for the long run, and with even with mindset that you have that you want invest in Bitcoin and hold for long term it can make you overcome some challenges.

It will take time to learn at least the basic of Bitcoin investment. For sure many of us here have been a victims in the beginning, when we thought that it's a easy way to get rich. As for me I fall for that too good to be true offer before. So it's a expensive lessons to learn for me. But I'm glad that it did happen to me early, as it made me realized that it's not that easy to be a Bitcoin investor.

Now my mindset is very different, I don't trust anyone but verify everything first. Of course, DCA is the most friendliest strategy to use, even big entities like Michael Saylor might have used it as well. But for us average joe investors, we can find that DCA is the best strategy and we can accumulate and for one, it avoids emotional decisions driven by market fluctuations, as it reduces the feeling to panic-sell during market downturns, or invest too heavily when the price is going up.

Of course most of them including me started as victims like beginners who mostly experience it. But all of that will be a very valuable lesson to strengthen us in the future and also to continue and continue to learn and learn everything well until we find the best way and also train the attitudes and psychology involved that can affect the mistakes that occur to be better and can face with a good attitude and complement the existing shortcomings. And DCA will be the final story that we consider the best way to overcome everything and realize that buying periodically with long-term goals is the right choice in terms of profit and also which can minimize all risks and attitudes that are always in us when it comes and makes everything much better, because to become a profitable Bitcoin investor must be able to go through it all and never feel satisfied to continue learning and learning that will create extraordinary goodness and benefits in the future.

Yes, no one can immediately become a great investor in an asset, the same goes for investing in Bitcoin. So failure or confusion will definitely come to all of us at the beginning when we are interested in bitcoin. But that is normal and we should be proud to be able to experience it. Because if an investor does not experience that phase, I am sure that investor is a minority or has no fear at all. But people who have fear and caution will definitely experience a phase where we are confused and do not know when investing in bitcoin. But that is what makes an investor stronger mentally and smart in thinking. So we should all be proud of everything we have gone through when starting to invest in bitcoin until now. And about DCA, I also agree that this buying strategy is indeed very good. But basically I believe that any buying strategy to buy bitcoin is good. But if I were asked to choose which strategy is the best, then I would also say that DCA is the best.