Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy Buy Buy or Sell Sell Sell?
by
Joeboy
on 25/08/2025, 00:01:55 UTC
⭐ Merited by JayJuanGee (1)
Many folks end up figuring out how much they can invest on a regular basis (perhaps weekly?) and then just investing and building their bitcoin position over time, and it tends to take a decent amount of time to build up an investment so that later down the road the benefits of all that hard work, dedication and delayed gratification might have good chances of improving the guy's situation, even though such guarantee of improvement was not and is not present.
Some persons don't want to just start that has been a big problem but they are evenly ready to complain and feel bad when they see bitcoin price hit higher than it was when they were supposed to invest, trying to work out modalities on how to invest in bitcoin in whichever way that suits us individually has always been the backbone of many bitcoin investors, some bitcoiners has learnt how to initiate the habit of talkless and do more, it is not all about how much we have rather it is about figuring out our discretionary income on daily, weekly and monthly based whichver way we chose so that we can invest with it smartly and much more consistently.

No one wants to lose money, so sometimes it can be difficult to figure out an amount of money that is not going to cause the newbie bitcoin investor to get nervous while they are still studying bitcoin, whether that is $100 per week, $10 per week or some other amount that is going to be suitable for them to get started and to have some stake in the game but also to facilitate their continuing to learn whatever it is that they need to learn, and most likely the most important things to learn in the beginning relates to how much of a budget that they can dedicate to their early bitcoin buys, how are they going to source their bitcoin and then at some point they are likely going to need to figure out self-storage too, especially once their bitcoin starts to grow to higher amounts that might not be comfortable keeping with third-party exchanges (and there are a variety of reasons to at least keep some of their holdings in self-storage).

So maybe in the very beginning they have most of their bitcoin on exchanges  - where-ever they got their coins, yet if they bought directly from someone else, they likely would have had needed to set up some kind of a private wallet.
Of coz it is very true that Budgeting, Sourcing, and Storage are important  things to learn at the begining of one's accumulation journey, however as a newbie you don't necessarily need to pause/stop your accumulation journey until you become an expert at once at all three of them(Budgeting, Sourcing, Storage). This is because if a newbie waits until they know everything before making their first buy, they may never start at all.  But there is definitely an order that makes the whole process much more easier .

Budgeting comes first. Before a newbie even think of where to buy or how to store, they gats to know how much(Discretionary Income) they can comfortably put into Bitcoin without stressing yourself. It doesn't matter how small the their budgetting is, what really matters is their level of consistency and then making sure it is the money money they can afford to hold for a  long-term without panicking when the price swings. Honestly without this practicing budgeting a newbie might end up under-invest when they are supposed to over-invest and vice-versa.

Once the budget is set, the next thing a newbie should think about is Sourcing i.e Where will they be getting their Bitcoin from. MAany newbie will place their focus on exchanges which is understandable coz of it simplicity. Later on, some may even start exploring peer-to-peer buys  or buying directly from someone they trust. The truth is that no matter the means they choose to source their Bitcoin, what matters the most is them choosing a safe exchange that is reputable and safe, since  untrustworthy sources can easily eat up all of their careful budgeting in a matter of seconds.

Storage comes last in the sequence. At the initial stage of their journey many newbie will love to  keep their coins on the exchange where they buy their Bitcoin from, which is normal and understandable, but as their stack increases, it is very important that they practice  Self Custody this simply because it gives you full security and ownership of ur holdings (Remember, Not your keys not your coin). This storage can be learnt gradually while the newbie is already stacking up.