Okay, I'm talking about you. I don't think you would have looked for a method to invest in if you hadn't invested in Bitcoin.
You started investing, so you were looking for a method to invest in. As a result, you have reached this thread today.
Please, I would humbly advise to read and understand someone properly before quoting..
You said you were not aware of the process of investing in Bitcoin until this thread. You came to this thread and found out how to invest in Bitcoin.
That's why I told you that if you are not investing in Bitcoin, then you should not be looking for the best way to invest in Bitcoin.
there is no point trying to beat around the bush regarding wether one should look out for the best investment strategy before getting started in his investment or that one should get started in his investment before considering the best investment strategy that suits him the most. whichever strategy you is all good as long as you are able to reach your investment goal through it.
most investors started by knowing about bitcoin and then went straight to investing. at the start, there strategy was not all that perfect and some might have missed out on some good buying opportunity because of the wrong strategy they used but in the end, when you get really involved in investment and now knows the things that makes one a better investor, it becomes easier to make the necessary adjustment and then investing becomes much easier because you have become an experienced investor.
there is a part in bitcoin investment which
Experience is the only thing that will reveal it to you. for instance, your ability to continue Holding amidst market fluctuation might seems easy theoretically but when you continue investing, you get to see all the market movement and adjust your investment plan to suit them while you become emotionally matured to deal with all of the ups and downs that comes with staying invested for the
long term. as you continue investing, you will know why a lot of investors opt for investing with the DCA method and will not need people to do so many convincing before you know that the DCA is actually for your own good.
Yeah sure, someone doesn't have to learn about the strategies first before investing in bitcoin. What really matters initially is learning about bitcoin and willingness to invest in it. As a beginner who's still excited, on hearing about bitcoin, he first invest a portion of his money for a start. What now matters more is the guide he receives from whoever introduced him even though some may learn about it from newspapers and media. A person's investment strategy matters after accepting bitcoin as worthy of investment. You have to now analyse your initial investment pattern and now choose a better investment strategy.
Everyone is bound to learn better when he has started investing and in one way or the other, that Novice or beginners error is bound to occur. On the other hand, when a person is introduced by an existing investor, his attitude is usually different because he chooses a strategy from the onset and tends to grow faster than other counterparts.
Setting over accumulation target and holding period comes later. No beginner would wholesomely accept to hold bitcoin for 4 to 10 years from the initial day. He can only take such decisions after some periods as an investor when he understands the core features of bitcoin and develops the mind to overlook market volatility.
When investing in Bitcoin, people should not have questions about when to invest and how to invest? Their only goal should be to grow their portfolio in Bitcoin.
Yes, growing a Bitcoin portfolio is certainly the goal of all Bitcoin investors. But remember, the main goal of investing in Bitcoin isn't simply to accumulate Bitcoin we need to understand the true purpose of investing in Bitcoin. Personally, investing in Bitcoin aims to protect our assets or money from being eroded by inflation, and Bitcoin is a perfect investment for achieving that goal. Not only is Bitcoin an excellent store of value, but it has also proven to be profitable when held long-term. Furthermore, I personally disagree with the notion that investors don't need to know how to invest. If someone doesn't know how to invest, how will they start investing? So, the point is, don't misunderstand this. I personally agree with your assumption that investing in Bitcoin can be done at any time. But if you say that someone doesn't need to know how to invest when investing, I disagree.
You're right about using bitcoin to avoid inflation. Also, bitcoin investment is like every other investments like the real estate or gold. We invest for the future and any amount invested has a potential of bringing returns even though no venture is 100 percent. Bitcoin investment allows you plan for the future and somehow gives more profits in the long run than real estate because bitcoin price is continuously on the rise and also volatile too. A person needs to know about what he is investing in before doing that. So I agree with you that a person must have to know about bitcoin before investing. He can choose a strategy later when he learns about the strategies.