Most newbies don’t always have proper knowledge about bitcoin investment before they go into it. When bitcoin price is dropping, there is no way you can stop newbies from panicking, they will definitely be scared, even if you explain to them that they should keep on holding, and bitcoin price is going to bounce back, most of them won’t listen, some of them will end up selling, but with time they will understand how things work. Similar thing happened to me when I started investing in bitcoin, but with time I got to know how things work.
The issue of newbies always being in a rush to invest without having the basic knowldge of Bitcoin seems to happen over and over again because they get into Bitcoin with the mentality of getting rich quick rather than giving trust to what they are buying into. They are curious to see result not curious to learn and what to do to see positive result. What they fail to understand is that, investing in bitcoin is just about putting your money and watching the price on a daily basis, whether it increases or decreases. Its more about understand the fundamentals and principle to what makes it different from other asset worth investing.
If any newbie rush to invest in Bitcoin is not a totally a bad idea as you said earlier that investing into Bitcoin only requires you buying your Bitcoin and be watching on how Bitcoin will be fluctuating in the market price, i will advise you that it is not bad idea in learning when you are building up your Bitcoin portfolio because i believe that before you could be a newbie in this forum, the person that introduced you to Bitcoin have might give clues on how Bitcoin works before eve arranging to invest as a newbie, so it is good to always advisable to start to invest as newbie than waiting for dip that might come before buying Bitcoin. If any newbie sees the opportunity investment at his earliest stage providing there is a discretionary income available for him, such newbie should waste time than to start accumulate his Bitcoin portfolio.
Your post is contradictory, you are saying one thing at a point and at the same time saying the opposite and it is confusing, it is ok that what everyone needs is to figure out if they have discretionary income to invest and of course other things can be learn along the line that's with the DCA strategy, I don't even consider any one investing in Bitcoin now to be rushing provided they are doing that with their discretionary income, there is alot readily available to be learn about Bitcoin while already investing because Bitcoin has already Left footprints and not just new in existence, every newbies should know that dips is not what should be wait for before investing because it may or may not happen which can cause lost of opportunities of buying Bitcoin and with a consistent DCA alot of dips can be catch.
In the last 3-ish years, the strategy of buying consistently (such as weekly) and buying as much as you can as early as you can has ended up being a really good strategy.
Most newbies don’t always have proper knowledge about bitcoin investment before they go into it. When bitcoin price is dropping, there is no way you can stop newbies from panicking, they will definitely be scared, even if you explain to them that they should keep on holding, and bitcoin price is going to bounce back, most of them won’t listen, some of them will end up selling, but with time they will understand how things work. Similar thing happened to me when I started investing in bitcoin, but with time I got to know how things work.
The issue of newbies always being in a rush to invest without having the basic knowldge of Bitcoin seems to happen over and over again because they get into Bitcoin with the mentality of getting rich quick rather than giving trust to what they are buying into. They are curious to see result not curious to learn and what to do to see positive result. What they fail to understand is that, investing in bitcoin is just about putting your money and watching the price on a daily basis, whether it increases or decreases. Its more about understand the fundamentals and principle to what makes it different from other asset worth investing.
Yes, it is certainly true that dips are always good in investment. There are many who invest here without having the slightest knowledge of Bitcoin and want to get rich in a hurry, which can lead to their disappointment and failure. I think if they invest in this valuable asset and their only mindset is to get rich, then I would say that it is not suitable for investment. Because when you invest, you must analyze whether the price is increasing or decreasing, yes, it is certainly true that if you hold it for a long time, then you can achieve success from here. You must wait for dips, if you do not understand and invest in currencies that are not at the top of popularity, then you will be foolish.
If anyone is brand new to bitcoin, they may well not benefit from waiting for dips.
And, surely this is not a thread about shitcoins, so hopefully guys are not distracted about having some value in investing into shitcoins. That would be dumb.