Those who have been investing for 5 years can be called new investors in many cases because their portfolio depends on it. For example, consistency is very important in investing. And it is very necessary for a new investor to start investing. If a person knows what Bitcoin is and through which method it can be invested, be it DCA or DIP and if there is a discretionary income, then it is never right for a person to wait to invest. Because many people think that investing requires a lot of expertise or a lot of knowledge. Along with investing, you can achieve everything. If you do not invest, how will you gain experience. And a person has to be patient.
Time never makes you an experienced investor or an old investor. There are some investors whose investment funds are 5 years old, but we can call them new investors. Even a person who has invested for 2-3 years can be called an experienced investor.
In this case, how consistent you are in your investment practice is important. Suppose you bought $100 Bitcoin today and kept it and in between you did not practice any investment. Then we definitely cannot call you an old investor. You are still a new investor after 5 years.
If you keep practicing investment regularly and keep spending time and gaining knowledge to improve your skills, then we can call you an experienced investor even after 1-2 years. Because you are consistent with investment and are investing consistently in the DCA method.
The main purpose of this sentence is that long-term planning alone may not be enough for investment. Rather, you have to be consistent with long-term planning and run to achieve the goal.
Of course time may never make someone an experienced investor but it is true that as time passes, that person will age as an investor. For example, if someone has investment funds from a few years ago, they might be considered an old investor, but if he does not practice regularly, that is, if he cannot show consistency in his investment practices he will never be able to become an experienced investor. Prioritize these steps which I have shared as my main weapon of experience so far,
Understanding the Basics:
We'll start small
And we need to seek advice from reliable experts.
There are some important information hidden in this sentence, running to achieve the goal, such as we can say that it involves the right strategy, a good plan and regular practice, which we previously referred to as consistency of practice. Of course it is correct to be consistent with long-term plans, perhaps this woman mentioned here is still consistent with her plans. Take a look at how a lady sells a car and realize the real right power of Bitcoin.