Re: Buy Buy Buy or Sell Sell Sell?

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.

Newbies don’t need to learn much before they can start investing in Bitcoin. What they need is just basic knowledge. Once they start investing, they can gradually learn whatever they want to know about Bitcoin. Waiting to learn everything about Bitcoin before investing is, in my view, a waste of opportunities because Bitcoin’s price is unpredictable.So, the best approach for a newbie is: after getting the basic knowledge, they should focus on accumulation. As long as someone has a long-term aim of holding Bitcoin, it will be hard for them to make the common newbie mistake of selling when the market is dumping.

In fact, you don’t need to go too deep into Bitcoin knowledge to be an investor. All you need is to ensure proper security for your Bitcoin like moving your Bitcoin from exchanges to your personal wallet, where you have full control of your asset.that said, it's not necessary to immediately move your Bitcoin to a non-custodial wallet when you first start accumulating. That’s something you can do later, once your holdings reach a certain amount worth protecting.

Exactly , some people delay getting started because they think they need to know everything first, but the truth is you learn best by doing. Bitcoin is not a school subject it is an experience Once you have the basics knowledge , how to secure your assets the rest comes naturally as you grow in the space And I agree with the part about security. At first a trusted exchange might be okay especially for small amounts but over time, moving to a non-custodial wallet gives that peace of mind and real ownership. The most important thing is to start Waiting for perfect knowledge

You are correct to proclaim that there is a lot of experiential value in connection with learning about and building knowledge in bitcoin, yet all of the knowledge is not going to come naturally and without efforts, even if several of us presume that an overwhelming majority of normal people have the requisite basic levels of knowledge base that allows for them to build their skills and knowledge without needs for special skills and training. In other words, normies can learn and build in bitcoin based on skills and knowledge that they already have in their possession, yet doing the right thing and having the better outcomes is not automatic and/or without work and paying attention and organizing and adapting and self-tailoring.

I feel knowledge is more valuable to profit when we put what we know and have learned in to practice, and I believe that sometimes we gain some knowledge when we try putting what we have learned and put them into practice, majority of beginners we suggest that we should get all knowledge and understanding before we should be starting to invest our discretionary income into bitcoin which I feel that is mostly not true, there is never a guarantee that you I will need to get all the information and knowledge to be successful in Bitcoin, there are knowledge that sometimes we get them naturally by coming here and reading what the guys here are talking about and understanding them we feel they are things we learnt naturally, some guys will feel that what they are learning here and the emphasis that are being laid here are not enough for them to invest and keep accumulating, because they have a lot of doubts in there mind and they ignore this things because there mind are not settled to invest in bitcoin, and you will also learn that there are folks who thinks that before they can invest in bitcoin they need to learn from people who are successful in bitcoin investment, they also thinks that they need a lecture classes to learn how to invest and be successful in bitcoin, I must just say that people who have this mindset and thinking are people who are not really interested and ready to invest that have this mindset.
Then at the other end you will find someone that have been investing in Bitcoin who doesn’t require all of this knowledge to invest, that just started with a discretionary fund after hearing about Bitcoin and they seems to be doing absolutely fine in his bitcoin investment and holding.

Procrastination indeed can lead to lost of opportunities it is much easier to understand individual saying that they have discretionary income to invest in Bitcoin than talking about having doubt When strategies such as the dca strategy of accumulating Bitcoin can become of a great method or process of maximizing time and opportunities and apparently reduces the impact of doubts, they are scared over what they don't have and that is hilarious, some by so doing will come in to Bitcoin with fomo which can affect their approach in a negative way because it was not done with proper preparation.