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Quote from: Princess Leah on August 01, 2025, 06:17:46 AM
Knowing about Bitcoin is good but waiting to know everything before starting is a waste of knowledge, an investor ought to put that little knowledge they've got about Bitcoin to practice and learn more from their experience, learning is something that remains constant and the more you practicalise on what you've learnt the more perfect you get, in the case of Bitcoin investment, when you start, the more buy and keep hodling the more you get to understand what it's all about.

 Also, everyone can't be on the same level financially, that's what some people don't understand, cause someone started with a $100 doesn't mean you must start with same amount whereas your discretionary doesn't permit you to, I guess that's another reason why some people keep waiting, Bitcoin investment is done according to one's discretionary and if yours can't allow you invest $100 weekly then starting with $20 or a little more is not a bad idea, it's better than waiting to get $100 before starting.
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Most people make this mistake in investment. They are always scared before investing and cannot stick to a specific decision. They always think when should they invest? As the name suggests, now or when the price drops a little. Here too, most people make the same mistake. They wait to buy at DIP but they do not find the real DIP. For example, suppose a person in 2021 when the price of Bitcoin was at $60,000, he thought it was a high price for him. He kept waiting for DIP. Later, when the price of Bitcoin dropped to $15,000, he thought that this was not the lowest price of Bitcoin. It could go to DIP. He refrained from buying Bitcoin. Honestly, if we ask them today whether they have been able to invest in Bitcoin today, the probability of their answer is 90%. So, from 2021 to 2025, he has planned for four years but has not been able to invest in Bitcoin till date. One of the reasons is that he has found the right time to buy Bitcoin.
Yes, if a person wants to invest a large amount of Bitcoin at the same time with his previous saved money, then he can wait for a little DIP.
But for those who want to start new investments in Bitcoin and if the investment process is DCA, then I have been saying that you do not need to be Einstein about Bitcoin, you should start investing in Bitcoin as a person with common sense. Over time, Bitcoin will teach you what you should do now.
And if you want to start investing in Bitcoin after gaining more knowledge, then Princess Leah  is said in that case will only be a waste of your time and nothing else I also agree with him/her.
Original archived Re: Buy Buy Buy or Sell Sell Sell?
Scraped on 01/08/2025, 13:01:28 UTC
Quote from: Princess Leah on August 01, 2025, 06:17:46 AM
Knowing about Bitcoin is good but waiting to know everything before starting is a waste of knowledge, an investor ought to put that little knowledge they've got about Bitcoin to practice and learn more from their experience, learning is something that remains constant and the more you practicalise on what you've learnt the more perfect you get, in the case of Bitcoin investment, when you start, the more buy and keep hodling the more you get to understand what it's all about.

 Also, everyone can't be on the same level financially, that's what some people don't understand, cause someone started with a $100 doesn't mean you must start with same amount whereas your discretionary doesn't permit you to, I guess that's another reason why some people keep waiting, Bitcoin investment is done according to one's discretionary and if yours can't allow you invest $100 weekly then starting with $20 or a little more is not a bad idea, it's better than waiting to get $100 before starting.
[/quote]

Most people make this mistake in investment. They are always scared before investing and cannot stick to a specific decision. They always think when should they invest? As the name suggests, now or when the price drops a little. Here too, most people make the same mistake. They wait to buy at DIP but they do not find the real DIP. For example, suppose a person in 2021 when the price of Bitcoin was at $60,000, he thought it was a high price for him. He kept waiting for DIP. Later, when the price of Bitcoin dropped to $15,000, he thought that this was not the lowest price of Bitcoin. It could go to DIP. He refrained from buying Bitcoin. Honestly, if we ask them today whether they have been able to invest in Bitcoin today, the probability of their answer is 90%. So, from 2021 to 2025, he has planned for four years but has not been able to invest in Bitcoin till date. One of the reasons is that he has found the right time to buy Bitcoin.
Yes, if a person wants to invest a large amount of Bitcoin at the same time with his previous saved money, then he can wait for a little DIP.
But for those who want to start new investments in Bitcoin and if the investment process is DCA, then I have been saying that you do not need to be Einstein about Bitcoin, you should start investing in Bitcoin as a person with common sense. Over time, Bitcoin will teach you what you should do now.
And if you want to start investing in Bitcoin after gaining more knowledge, then Princess Leah  is said in that case will only be a waste of your time and nothing else I also agree with him/her.