Quote from: Proty on Today at 10:17:55 AM

Quote from: JayJuanGee on Today at 02:34:19 AM

Personally, I think that is way too much. Sure there is going to be some need for newbies to figure out from where they are sourcing their initial coins, whether from an exchange or maybe they meet someone in order to buy bitcoin in person... so there are some basic skills that would be required for either of those situations, but the most basic knowledge is figuring out whether or not they have some discretionary income available, whether that is $10, $100 or some other amount.. and then yeah, they will have to figure out how to buy it.. and if they are really worried that they might lose it, then maybe they start out with $10 to test it out, even if they might have $100 that they could buy right away, but purposefully they start out with $10 and then they learn as they go, which it could even take them 3- 6months before they decide that they need a private wallet.. .whether they had made more BTC purchases during that intervening time period or not

You are really correct and I love the point you have made here . Newbies before they can start accumulating bitcoin they should be able to sort out there discretionary income and how much is it and also they can be able to accumulate bitcoin.since it is advisable to invest money that one can afford to lose into bitcoin hence the need for newbies to be able to identify whether they have discretionary income since they will be using it to buy bitcoin.Even if there discretion is $100 just like you said they can start buying with $10 dollars while learning about bitcoin investment and also newbies should always appreciate the importance of beginning small.
It will definitely be a great idea if they can use 3 to 6 months while buying to equip themselves gradually on how to use exchange or setting up a private wallet inorder to avoid making unnecessary mistakes.Approaching bitcoin investment in this manner will make newbies to build up courage and understand bitcoin more better.

Wow! Surely i agreed with you base on newbies should always appreciate the importance of a beginner small, that is very good and accepted, and there is something i want you to understand that every newbies has someone that talks them into Bitcoin and before they could have mind to joined and start making a post, i believe that they have under goes basic skills on how Bitcoin works, I'm take myself as an example, someone talk me in to Bitcoin and took me weeks to learn and and reading through posts before i started making my own post and i believe if newbies always ask questions were he is confused about the discretionary income before going to any investment you will see that mistake will not occur, so newbies having $100 discretionary income and using a $10 for a start, as a newbie i think it is a very good start.