Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Gost ms
on 12/06/2025, 17:10:10 UTC
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.

I think it is very important for a person to have basic knowledge about investment and knowledge about Bitcoin first. Because if a person does not have proper knowledge about investment then he will never understand how much money he should invest. If he does not know all these aspects then he can put his investment in jeopardy by investing in the future. For example he has discretionary income but he does not have proper knowledge about investment he does not know what is the use of emergency fund or why emergency fund is needed etc.

If a person has proper knowledge about investment and has faith in Bitcoin then he will not be too scared of the market fall and if he does not have a stable source of income then he will find a stable source of income before starting investment and after that he will think about investing. And a person who does not have proper knowledge even if he has a stable income can face losses.