Quote from: Y3shot on Today at 01:50:33 PM

Quote from: Zackz5000 on Today at 09:29:53 AM

Quote from: Bluedrem on Today at 05:43:39 AM

I think everyone should do a lot of study on this before investing.

It has been emphasis here severally that you don't need to study much about bitcoin investment before getting started besides investing doesn't require deep knowledge before you can accumulating Bitcoin with the little you know about bitcoin investment you can get started if you have your discretionary income ready and then learn more along the process, sometimes trying to know all about bitcoin investment before getting started might lead to procastination of not even getting started before you realize your self you might use up your discretionary income which you would have to get started with for other unnecessary purposes, so getting started when the opportunity is there is very unique.

The more important thing is to understand the volatility of the market because this used to be a problem for new investors. Seeing how the price of bitcoin drops makes some investors panic because they think their money will be lost due to the fall in price. But when there is an understanding of the value of bitcoin and market volatility, one won't be afraid when the price of bitcoin fluctuates. If this understanding is not there, it is impossible to invest in bitcoin. It is true that one doesn't have to acquire all the knowledge before investing in bitcoin, but there are some important concepts that every beginner needs; at least this will help one to invest well.

Those who see the volatility of Bitcoin's price as a big problem will never be able to properly maintain their investment during volatility. Volatility is not something to be afraid of, volatility is an opportunity to buy at a lower price, but an investor must understand these things, because without proper understanding, they will not be able to make the right decisions, which can cause big losses for them in the long run. Therefore, before starting an investment, you must have knowledge about the basics, so that at least during volatility you can be tempted to buy more instead of selling.