Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy Buy Buy or Sell Sell Sell?
by
Tungbulu
on 21/07/2025, 03:32:48 UTC
⭐ Merited by JayJuanGee (1)
[edited out]
Remember, it is wise to take the time to carefully plan your investment before investing in Bitcoin. your investment today can bring a bright future. everything in the world is subject to decay, but if you keep some assets, their value or importance does not decrease with the change of time, but rather starts to increase. I see Bitcoin as a valuable asset whose importance and use will increase with the change of time. every investor should not take extra time when purchasing Bitcoin.

You are contradicting yourself.  You sai that it is important to plan your investment before investing in bitcoin but not to take extra time.

Most likely to get started in bitcoin, there is a need to merely have a superficial perspective of bitcoin, yet more importantly we have to know whether we have discretionary income or not.  Once we get started we can learn and adjust our position size in accordance with our knowledge and confidence about bitcoin and also the strength of our cashflow management.  There is nothing wrong with learning as we go and hopefully building additional conviction after we learn more about bitcoin.  Getting started right away is important yet surely even if someone knows that he has $10 to buy bitcoin right away, he may also have to figure out from where he is going to source his bitcoin, and there could be more than one source location, yet he still has to start out with one at a time, and with any new activity, it can take a bit of time to incorporate in someones life and perhaps to be able to start to appreciate that the commitment should be for 4-10 years or longer, yet in the very first purchase, there might not need to be any commitment to 4-10 years or longer, even through ultimately it would be better for anyone to come to that kind of a 4-10 years or longer commitment so that they are understanding how they might approach their bitcoin accumulation practices and also how they might approach their cashflow management practices..
That's right. It really doesn't initially require some super deep understanding of knowledge about Bitcoin to get started off with your investment. Having some basic perspective, most importantly, knowing whether you've got some discretionary income to work with is more than enough to get started as a beginner. And then as you advance further and learn more about Bitcoin, you'll get the chance to adjust your position size based on how confident you feel about yourself, your knowledge and your cash flow management. Rather than seeking to know everything before getting started, it makes more sense to learn as you go and then build conviction, this is a more solid approach.
It's important to get started ASAP, even if you're simply getting started with a small amount like around $10. Figuring out where to source Bitcoin is actually part of the process, and yeah, you could actually be availed with several options, but you gotta just choose one and get started. It requires a bit or even a lot of time to successfully incorporate Bitcoin into your life, and also understanding the long term commitment, like 4 to 10 years, or even longer is something that mostly comes with experience. I agree with you that one may not even really need to have a long term commitment mindset initially during their first purchase, but it's way more better to actually have a long term as you proceed, as this will potentially help you with your accumulation and cashflow management practices.