Quote from: DubemIfedigbo001 on Today at 09:00:22 AM

Quote from: Obulis on August 06, 2025, 05:58:50 PM

Quote from: Miramax12 on August 05, 2025, 09:28:47 PM

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Bitcoin trading can be highly volatile carrying a reasonable amount of risk. Mostly short term trading. As many expert traders makes profits, generally success in trading requires getting specific skills and knowhow. proper education is needed without it, it may mean exposing funds to probable losses. Long-term investment in Bitcoin is often viewed as potentially more stable, with capital considered safer over time. No matter the approach, understanding market risk management and market dynamics is essential before engaging in any form of Bitcoin trading or investment

I think you're misplacing your priorities Obulis, paying more attention to trading and trying to understand it's concepts and risk pattern at a time you should be more interested in taking accumulation of bitcoin with available discretionary income more seriously is surely a tweak in the wrong direction.

You do not need to understand any market risk to follow up your accumulation journey, you only need to know very little about bitcoin and be sure of having discretionary income available to start buying bitcoin. There are other more important things to care so much about during your accumulation journey which is managing your cashflow well, building up backup funds and practicing consistency in your regular buys. Understanding the market can be learned as you progress into your accumulation journey and it is more complex a phenomenon which you don't need to understand all before making your first purchase and following up.

Waiting to understand these facts may see you wasting unnecessary time learning the theories of bitcoin when you should be more practical about your involvement by buying bitcoin immediately and get more grounded in those theories as you advance into your accumulation journey. I must mention to you that the best way to learn about bitcoin than when you get involved in it and not when you are speculating around it. The time I really understood RBF very well was when my transaction was stuck in the mempool due to low fee and I had to bump the fee before it got confirmed.

All that you said here are very correct, you don't have to be analyzing the market or chart before investing in Bitcoin, those activities are for traders that blindly thought that they can outsmart the market, your duty as a Bitcoin investor is to start accumulating Bitcoin regardless of it current price once you have the basic knowledge on how to go about it, analyzing or trying to play smart is very unwise and uncalled for as an investor.
What you should be paying much attention to while accumulating is putting your emergency and reserve funds in place, so as to protect your Bitcoin investment from any unforseen emergencies that may arise in the future, not analyzing the market.