Quote from: Rockstarguy on Today at 02:47:26 PM

Quote from: G_Besar on July 04, 2025, 09:39:14 PM

What do you suggest for beginners who want to buy Bitcoin and also want to make accumulation on Bitcoin is good because for those who just want to start it, of course, they only need to find basic knowledge about Bitcoin and also the capital to run consistent accumulation in Bitcoin. So this is a fairly simple basic thing and needs to be understood well by every beginner because as you said, Rome was not built in a day and a journey of a thousand miles always begins with one fairly certain step. So I quite agree with the advice you expressed.

The first thing for a beginner to understand about bitcoin before investing is that bitcoin is a volatile asset, and it is not an investment that one can rely on for quick profit, but rather a long-term investment.

If a beginner has this understanding of bitcoin, then they are good to go about bitcoin investment. The next step is to ensure one has income and manages their money well to be able to invest in bitcoin after every expense is carried out. One thing a beginner needs to understand is that you don't need to invest 1 bitcoin or a very large amount; just know the amount that you can afford. There is no need to invest to compete with others; instead, go for the amount you can afford and be consistent in accumulating. With this, one will be able to gather a reasonable amount of bitcoin over time.

Also as a new investor what you have to do is to gradually build up your different backup funds and start and star practicing on how to invest some of their income into Bitcoin for a long-term of 4-10 years or more, newbies that just came into Bitcoin needs to get used to it, and so.as a new investor, your priority should not be emergency fund in terms of backup since it comes last, but the important one is your discretionary income, since it is from your discretionary income that that you can start investing using your DCA strategy without emergency fund, before you can start having emergency funds which will take you up to 3 months to get it, because you will definitely have expenses to take care of either personal expenses or otherwise because the extra expenses that you will make outside your budget is known as your reserve fund.
Remember your discretionary funds is always shared into reserve and emergency funds, which will support you.on your Bitcoin journey.