Ninjastic
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Board Speculation
Re: Buy the DIP, and HODL!
by
Silikiem
on 12/06/2025, 10:05:55 UTC
Quote from: Proty on June 11, 2025, 11:38:07 PM
Quote from: Brainnybtc on June 11, 2025, 11:14:33 AM
Quote from: GIF-JOBS on June 11, 2025, 09:10:29 AM
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.
In my own understanding, once you have the basic knowledge about Bitcoin and how to accumulation it either through the dca accumulating strategy or lumps sum strategy then you are good to go, along the line you can start seeking deeper knowledge on it so as to know all it entails to be successful as a Bitcoin investor, you don't have to know it all to start, just start once you have the basic knowledge about it.
The most important  things you need before you can start accumulating bitcoin is your discretionary income, having the basics knowledge without you sorting out your discretionary income is not enough., you must be able to know if you have a discretionary income or not After sorting out your discretion ,then you can start accumulating bitcoin using your discretionary income.As per having a basic knowledge, you can be accumulating bitcoin and as the same learning more about it.so the major thing is if you have a discretionary income since it is not advisable for you to invest money for your expenses into bitcoin or money that you will needing within a short interval of time.

No doubt, you need your discretionary income for you to start your bitcoin accumulation. But still do not despise that a basic knowledge is needed, because you cannot just venture into something you know nothing about, even the fact that you know that you need your discretionary income for you to get started is still a basic knowledge, obviously is not everyone that knows what discretionary income is, most persons even get to know about discretionary income here on this thread including Myself. Before  I get into this forum I knew nothing about bitcoin investment, as a matter of fact I used to view bitcoin investment as something very tough and a no go area for me, because I thought is an investment specially meant for the wealthy people in the society. But on getting to this platform I get to know and understand more about bitcoin investment, and also discretionary income, and I started applying the concepts and knowledge which I gained here and gradually started my bitcoin investment journey and is working perfectly well for me. So for you to be able to know that you need your discretionary income to start investing is a basic knowledge which should not be despised. But the truth remains that people tend to criticize something they knew nothing about, the best way to know is to venture or get started first.