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Quote from: Barikui1 on July 14, 2025, 08:40:16 AM

You don't have to have it all before you start your Bitcoin accumulation journey, all you just need is a source of income where you can be getting your discretionary income from, and it's through there you invest from, so you don't necessarily need to have it all before you start, along the line you can work on a way to improve your finances so that you can be more comfortable while investing.

There are many people who are very afraid of investing, they think that everything is needed to invest, but this is not the case. It is important to start investing. Because when a person starts investing, he will understand for himself what he needs to maintain the investment.

As a newbie I have learnt that investing in Bitcoin doesn't need too much requirements and it is not also difficult to start. What's is needed to start your Bitcoin investment is your discretional income and as long as your discretional income is ready, you can invest straight away. You don't have to be afraid or feel Bitcoin is expensive to buy,you can start buying bitcoin in units from discretional income consistently. However it is also good for a newbie not to jump into investing in Bitcoin when he doesn't have proper knowledge about bitcoin because if he does,he would make a lot of terrible mistakes along the line. It is good for him to seek guildline from an experience long term investor that will orientate him and also keep him on check. It's also gonna be a plus if he starts making proper research about Bitcoin,to know and learn the basics about bitcoin and how to invest on the long run.

You only need the basic knowledge of bitcoin, which is to open and account with a reputable exchange and know how to buy bitcoin with p2p, and you are good to go provided that you discretionary income is available and you have figured out how much that you can use to buy bitcoin weekly without any stress. Since you are on a long term investment plan, you are only buying and buying and nothing more. You don't need the proper knowledge of bitcoin before you can start your bitcoin investment.

The best way to learn how to invest in bitcoin is by practice because it's through practice by buying weekly through DCA overtime that you will have the experience. You will be learning as you are investing to increase your knowledge, because the development of the network is an ongoing process as long as bitcoin is existing. If you want to learn more than the basic knowledge of bitcoin, you will be wasting the precious time of leaving the level of a no coiner to a low coiner.

I also think that seeking for too much knowledge about bitcoin as a newbie exposes a person to bitcoin trading in order to test your understanding. Initially, it would be just a test of knowledge and gradually it graduates to proper trading skills. This trading knowledge is very detrimental to the success of bitcoin accumulation and long-term holding. This is because, a person who thinks that it's enough to study bitcoin would always remind you to trade bitcoin.