Post
Topic
Board Speculation
Merits 3 from 2 users
Re: Buy every dip!
by
Sim_card
on 23/04/2025, 20:30:57 UTC
⭐ Merited by Barikui1 (2) ,JayJuanGee (1)
You seems confuse, how will someone who have basic knowledge about Bitcoin won't know the strategies in Bitcoin, did you actually check how it just sound? And again how do you mean that people who are longer term holder won't have any difficult if they don't follow any strategy, I mean why will someone be an investor in Bitcoin without following any strategy? Off course every investor most follow a strategy that is convenient for them and it is physically impossible to invest or accumulate Bitcoin without following any Bitcoin strategy. I don't still understand what you are saying perhaps you should clarify me if I'm misunderstanding you but apparently, I think you are the one that is getting something wrong.
Having basic knowledge does not mean that you know the investment strategies. The basic knowledge is what is Bitcoin? How risky is it? How to buy it? General knowledge about wallets and general knowledge about the longevity of investment. If you want to learn the strategies in detail and study them, then you will definitely delay investing. Knowing investment strategies is a bit difficult for someone who has only been able to acquire basic knowledge.
A beginner does not even need to know about general wallets before he can get started because wallet can be technical and needs more time to study and learn thae one that suits you best. Knowing that he is investing in a long term asset with his discretionary income because of the volatile nature of bitcoin without selling but only building is enough for him to get started.

When he has started his bitcoin investment, he can start learning other aspect of bitcoin. The more his bitcoin is increasing, that will make him get more worried on how best to keep his bitcoin safe, he can learn of wallets and choose the one that is cool with him. Initially, a new investor can keep his bitcoin with a third-party and when he has accumulated up to $500, after several weeks, he can transfer to his self custody wallet. It's always good that a new investor also learn how to mange his UTXO to avoid high transaction fee in future.