Quote from: Sonia_123 on July 09, 2025, 11:02:31 PM

Quote from: Mr Reporter on July 09, 2025, 10:12:03 PM

Quote from: Ivystar5 on July 09, 2025, 09:37:12 PM

Quote from: Ojima-ojo on July 09, 2025, 08:44:34 PM

A lot of newbies in Bitcoin investment have made the mistake of buying Bitcoin when they have no emergency found or even not having a good stable income to hold Bitcoin comfortably without exchange them when they hard pressure.

I wouldn't consider it a mistake for newbies because even after buying without emergency funds set ups you can still set that up after having at least little to your portfolio while putting yourself to order, in my opinion some of this newbies that does this are opportunity grabbers which is even better than those who wait for the perfect timing which might not come, so I prefer they buy this bitcoin being imperfect and learn about things as time goes by than try to be all perfect set up all types of funds before ever getting to buy the real deal, bitcoin usually serve us opportunities like the little dips which a newbie could see and grab yet learn the who processes as time permits.

I think the summary of what I have understood so far is that the approach some newbies should really take is to emphasise the importance of taking healthy mindset actions and learning from others experiences and also learning to adapt to the market, rather than waiting for ideal conditions. The part you made mention of can still set up emergency funds after investing. I would say even if they don't have everything perfect from the start, in my own little understanding, they can still adjust, and then improvement takes place, plus improving their strategy changes over time.

This happens to the newbies because they were not properly guided with the little knowledge they have in investing in Bitcoin before they went into investment, which I know they must have learnt their lesson .
Newbie should not be discourage in any mistake they make instead encouraged because with time they will have to understand how Bitcoin investment works, it is better you start investing early enough unlike those that have been in the forum for long without investment and yet not willing to invest not having emergency fund can't deprive a newbie from investing, in as much as you will set it up along your line of investment, as long as for the period of not having an emergency fund his not going to tamper from his investment, as long as he his comfortable with his discretionary income and can always afford it.

There is no better time to start investing than the present especially for newbies who don't fully understand bitcoin yet, the more time they waste trying to understand the market the more opportunities pass them by, as long as your discretionary income is there at the end of your budgeting you can start investing in bitcoin, you can even hold up on saving up emergency funds at the start of your investment, the mistake most newbies make is that they start saving up for emergency situation long before they start investing in bitcoin, to them this method helps safeguard their investment but this isn't necessarily true, investment first, emergency funds later the only way to become a consistent investor is to start investing first, most times everything else tends to work out after.

Quote from: Cossyblack on Today at 08:35:06 AM

Quote from: JayJuanGee on Today at 02:48:49 AM

One mistake guys make in their first 4-6 years in bitcoin is selling too much too soon, and another mistake is stopping and/or slowing down in their bitcoin accumulation through ongoing, persistent, consistent, regular and perhaps even aggressive buying. There tends to be a need to continue to accumulate, since it is quite rare for guys to be able to reach over accumulation status in one cycle or less.

Investors with this kind of behavior of selling too much of their Bitcoin portfolio lacks the patient to hold for another cycle and might be selling some portions of their Bitcoin profits generated over the years to mitigate there risks of investments in Bitcoin. Such investors lacks the confidence & the Will-Power to continue accumulating Bitcoin consistently and persistently because they have allowed themselves to be distracted with the violatility of market. Yeah slowing down on his accumulation pace might hinder an investor from reaching his over accumulation status, that's why it's highly necessary for an investor to be persistent in accumulating Bitcoin and sometimes going aggressive is right because it keeps him at a positioning advantage over the market while stashing enough Bitcoin overtime without monitoring/timing the market regardless.

Bitcoin investment requires a dedicated mind to handle, it's not easy to have money stashed away and not touch it, unless you have too much already, so to invest in bitcoin a person needs to prepare themselves mentally to wait for their investment to grow over a few cycles, of course just one or two cycles will not be enough, and this is one mistake alot of investors make, they start selling immediately after the first cycle and they end up losing more than they are gaining in the process.