Quote from: Derekfunds on Today at 09:05:30 PM

Quote from: Umulala-alala on Today at 08:10:17 PM

Quote from: GIF-JOBS on Today at 07:46:38 PM

Quote from: Zanab247 on Today at 07:05:31 PM

When you learn BTC to acquire the knowledge, you will surely know when to buy in the dip and sell when the price is high, because your knowledge will be the one doing all those things to make sure you earn profit. Newbie will surely get some issues that will make them to sell their BTC in a short period of time, when they apply DCA method because they will not bother to create other sources of income that will sustain them when financial issues come.

This forum is an atmosphere of learning cryptocurrency to improve and many people have learned to be successful in their investment, which newbies can also improve if they pay attention to the tools that improve users.

Yes, this is a very important point, if a new investor gains real knowledge about Bitcoin before starting to invest, then he must try to keep his investment for as long as possible. A new investor faces the most losses when they face market volatility, at such times they make emotional decisions, but if he gains proper knowledge about Bitcoin in advance, then he can accept this volatility as normal.

That is why an investor should gain all the ideas about Bitcoin in the first place, if he understands the nature of Bitcoin, then he can consider his own financial situation, take the right decision and adopt the right strategy for investment, according to the amount of risk he is able to take, he can use the right strategy, but for this he must be knowledgeable about the right bitcoin. Which a new investor will get a clear idea if he studies this Buy Buy Buy or Sell Sell Sell? and Buy the DIP, and HODL! thread very well. Wink

There is nothing wrong if a new investor gets started and start buying bitcoin at the process be learning and do more research about bitcoin because i don't believe it will be possible to know all about bitcoin because waiting to know all about bitcoin might lead to procastination and you may end up not even starting your bitcoin investment because you want to know all about bitcoin, investing in bitcoin doesn't require much knowledge as you can get started with basic knowledge and then use the dca strategy to buy bitcoin what is important is having your Discretionary Income ready then you can get started instead of waiting to gain real knowledge about bitcoin get started and figure out what you want to know along the process.

That is true but you don't only need your discretionary income to keep your investment running rather you also need your reserve and emergency funds to help upset some unforseen circumstances that will come up, as a matter of fact that is what an investor should do because knowing there will be a challenge and started preparing ahead for it is very important and that will make an investment very easy even though investment in quote is not easy.

You are correct about having your emergency fund and reserve, but not still having them at the initial stage shouldn't stop you from starting up your bitcoin investment if your discretionary Income is available for you can get started with your discretionary Income at first and then make provision for your emergency fund along the line since unforeseen circumstance will surely happen in the future run but what we don't know is when this unforeseen circumstance will take place.