I think the bravery he’s talking about is not the physical strength or motivation, the Bravery comes to play when he decides to invest and goes ahead to do it. As a newbie stepping into a field he’s not familiar or confident with, it takes bravery cos normally newbies fear have a certain level of fear in them so overcoming that is bravery.
Bitcoin can be easy to understand and invest in but for someone totally new, it takes courage to put your money in an investment you don’t really know much on. So by overcoming that first huddle, with time he’ll get to know more about bitcoin investment and possibly increase his holdings.
I don't think investing in Bitcoin as a newbie is bravery rather it can be seen as a choice and decision and at one point or the other one ought to make or take decision that will be beneficial to them even though it won't happen immediately but later. If you said those who start investing in Bitcoin ( newbie) are brave then what will you now call them if they stopped investing along the line stupid or what? Lol, anything one is doing in Bitcoin is to their own detriment and yes Bitcoin is very easy to invest that is when you have a discretionary especially the one you feel is okay.
I will say that it's a sign of bravery for them to choose bitcoin over other assets and also was able to get the fuck out of the no coiner state into a low coiner. It doesn't matter if you cannot keep your bitcoin accumulation ongoing by DCAing continuously, because his discretionary income might not be able to meet up with weekly/monthly DCA regularly.
A new investor might have a discretionary income and buy bitcoin but because he cannot buy regularly, he will have to figure out how he can increase his discretionary income so that he can improve the way he's investing in bitcoin and make start buying every week continuously overtime when he has a good source of income and discretionary income. There is no crime for you to pause your bitcoin accumulation when you don't have a discretionary income to buy, the most important thing is that you don't sell what you have accumulated, because you can stay off your bitcoin investment since you invested with your discretionary income.
Yu know, people talk about DCAing like it has to be this perfect, consistent thing, but the truth is not everyone has the luxury of steady discretionary income to be buying every week or month without missing a beat. Sometimes life just doesn't allow that. And that’s okay...
A new investor might manage to buy once or twice or more with the little they've got, but maybe they can’t keep it going regularly yet. That doesn’t mean they’re doing anything wrong. In fact, that realization alone could push them to find ways to earn more, boost their income, and eventually reach a point where they can DCA more frequently and comfortably.
There is also nothing wrong in pausing your Bitcoin buys when your financial situation changes. The real key, honestly, is not selling what you’ve already accumulated. As long as you bought with money you could afford to let sit, there’s no pressure to touch it. You can chill, sit on it, and come back stronger when things get better.
Because the price of Bitcoin can increase from current price at any time and the current price can be a dip. There is definitely no alternative to gaining knowledge when it comes to being a good investor. If you continue to gain knowledge about Bitcoin along with regular investment, then your knowledge in investing in Bitcoin will increase and at the same time your portfolio will increase. After gaining more knowledge, you should start investing in Bitcoin without delaying.
You are probably wrong in regards to the extent to which you need a lot of knowledge prior to getting started investing in bitcoin, and likely you can learn a lot along the way, and since no one wants to lose money, there likely will be incentives to learn more and more about bitcoin as a person invests more into it. Yet at the same time, one of the mot important things to do is to get started, and starting out position size can surely be adjusted based on how much knowledge and/or confidence that a person has, and surely the less knowledge and confidence that a person has in the beginning may well cause him to invest less in the beginning, perhaps starting out with $10 or maybe $100 or some other fairly conservative amount as he is also looking further into matters, perhaps considering
his personal factors, yet not having to resolve all of his personal factors in order to get started investing in bitcoin whether weekly or otherwise..
Yeah, the idea of wanting to have all the encyclopaedia of knowledge about Bitcoin before starting your investment is just wrong and could sometimes appear to be misleading too, as this could potentially dissuade newbies who already have discretionary income from getting started immediately on an impression that they need to first gain all or an extensive amount of knowledge before they should get started. It's very possible for anyone to learn as they proceed, as long as they have basic math skills and common sense, and the potential for losses can be a very strong motivator to keep learning and improving in their knowledge. Starting small is an awesome way to dip your feet in the water, and you can always be flexible with your approach and increase your investment amount as you proceed and gain more knowledge and experience.
It's also very agreeable that personal factors can play quite a very vital role in investing, but it's not mandatory to have all the answers to your questions before you think of getting started immediately. By just getting started, you'll be able to learn, refine your perspective and figure out things yourself as you go. Some folks might choose to get started with a small amount like $10 or even $100, and as they become more comfortable and confident in their strategy, they'll potentially increase their investment.
On thing that everyone must keep in mind is that, Bitcoin investment is a marathon and not a sprint, it's more about building a particular habit that works for you or aligns with your goals and then learning how to stay consistent in those habits overtime. Even when the investment is small, as long as you're consistent in your accumulation, it'll definitely add up overtime, and yeah, it's always advisable to keep conducting your own research as this is a great way to keep learning more and more and would also help you make more informed decisions that aligns with your financial situation and personal goals.
I really agree with you man. A lot of people overthink it and end up doing nothing at all, waiting to know everything before they even buy their first BTC. But the truth is, you will never know everything. Even those that have been in the space for 5+ years are still learning every day. Bitcoin is deep, and it keeps evolving.
I personally believe that starting small is one of the best ways to actually learn. You feel more involved when you have something at stake, even if it is just $20 or $50 DCAing. It makes you pay more attention, and that is when the real learning kicks in. Read more, ask questions, and gradually get better over time.
And honestly, what really matters is sticking with it and staying curious. Nobody is saying don't do research, but don’t let that become an excuse to delay starting.