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Quote from: maydna on June 10, 2025, 01:53:07 PM

It is why learning before deciding will be necessary for those who want to invest in Bitcoin. With so many resources they can get, they will learn step by step and have the right information that they need. Bitcoin have its risk so from their learning, they can be able to prevent the hacking or scamming and will not let them getting to that thing. And yes, Bitcoin have fluctuation but that will not be a problem for those who can manage themselves and not panic. If the price is down, they can still hodl and wait while they can still buy more at a low price and keep hodl. The fluctuation will always be in Bitcoin so we don't have to panic but use that moment for our benefit.

In my opinion, to invest in bitcoin at first, you don't need to learn too deeply, because basically bitcoin investment is not complicated at all. Because we only need to prepare discretionary income and start buying bitcoin from the exchange, then after that save it in a non-custodial wallet that we have and don't forget to write down the code so it doesn't get lost. Then after that we can continue to accumulate bitcoin using the DCA technique. Then if you want to learn more about bitcoin, I think it can be done while we are running our bitcoin investment. So that way we won't waste too much momentum. Because if you learn very deeply about bitcoin at the beginning before we start investing, I think it will waste the existing momentum. That's why I personally think learning more about bitcoin when you've started is the right solution. And about risk, I don't think bitcoin will be too risky if we become long-term investors. Because even though bitcoin has quite sharp price fluctuations, if we hold it in the long term and continue to accumulate, I think we will still be superior. So the point is, don't just be a trader in bitcoin, because being a trader will of course be very risky.

Bitcoin long term investment is not complicated, you don't need technical knowledge of how it works before you can start. You don't need to worry about the current price if you're on DCA method because you know that you will always be profitable in bull circles. You won't panic like weak hands and short term traders when there is dip or worrying when it will rally, your focus will be to continue accumulating. Where it is necessary to gain knowledge is on the part of securing your none custodial wallet from hacks and misplacing your seed phrase. I believe that the reason why Bitcoin investment is increasing rapidly is because it doesn't require any special skills to become an investor. Anybody with average understanding can hodl Bitcoin.

Bitcoin investment never requires deep knowledge about Bitcoin, but it is definitely necessary to acquire general knowledge about Bitcoin, if you want to hold Bitcoin for the long term, then you definitely need to acquire that amount of knowledge, so that you never panic during times of volatility. Knowledge is definitely necessary about Bitcoin, it is never possible to achieve anything good with zero knowledge, in the same way, Bitcoin investment does not require deep knowledge, but general knowledge is definitely required, so that you do not panic during times of volatility and make wrong decisions, and your holding is saved from loss.

You said it very well. Usually we do not need deep knowledge to invest in Bitcoin. If you can gain some basic knowledge, you can invest in Bitcoin for the long term. But to keep yourself free from market volatility, you may definitely need deep knowledge about Bitcoin. Little knowledge can create many obstacles for you to hold Bitcoin for a long time. So I think the more deep knowledge you gain, the easier it will be for you to hold Bitcoin for a long time.

I have been gaining knowledge about Bitcoin for the past one year. When my knowledge was narrow, the fluctuations in the Bitcoin market price made me unstable. Now I am constantly gaining knowledge about Bitcoin which is making me confident about Bitcoin long-term investment. So you should gain deep knowledge about Bitcoin which will help you hold your Bitcoin for 10 to 12 years.

You don't have to get people nervous about your overly emphasis of getting a deep knowledge of Bitcoin, but no doubt that staying long enough in the environment will bring lots experience to those interested and this can only be achieved while already in the environment. There are essential core factors that will contribute emersely in enhancing the ability to hold Bitcoin for long term, looking at things like investing an amount you can afford to let go, which should be discretionary income which of course you can become conservative initial and can increase as your confidence increases, you must be determined to discipline your emotions, if the plan is to hold for long as been said then there will less of paying attention to the short term fluctuation rather it downs turns will become advantageous to even buy more at discounted price for the future.

I don't really think he is getting people nervous with his expression, I think he was emphasizing about the fact that you don't need too much of knowledge to get into Bitcoin investment, you just need the basics, but you will need that knowledge in the long run because it is part of the rituals you need to successfully navigate throughout your investment period especially if your a long term holder, because the knowledge you have will help you reduce panic despite any volatility. It is true that hence you are in the environment, you are going to get knowledge gradually by experience, but yet there are still some investors out there who don't know jack and are not ready to put in the effort, those set of persons can easily be swayed by indecision because of their lack of knowledge whenever the market experience a little bit of volatility.