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some people are just venturing into bitcoin investment without the Basic tools, and once you go into bitcoin investment without gathering some informations about how it works you will just be fucking around doing unnecessary things like market monitoring wasting time and later end up achieving nothing.
An investor does not need to know much before investing in Bitcoin. If he has the ability to invest for the long term, especially if he has a prudent income facility, then he can start his investment. Sometimes, spending too much time trying to acquire knowledge can exceed the limits of buying bitcoin. So if someone regularly collects Bitcoins according to his ability by doing DCA and at the same time he acquires knowledge about Bitcoin, then he will not panic. In the future, he will try to collect more Bitcoins. But when an investor tries to learn about Bitcoin without buying it, during that time, if Bitcoin temporarily falls, it can bring a big panic for him. That is why the step of buying Bitcoin should be taken first, after which a better idea about Bitcoin can be obtained.
Your points are not bad but from my perspective, as a new investor who truly wants to invest and hold for a longer period of time, then what is needed is a basic knowledge of which wallet is best, how to buy and how best to hold what is already acquired while trying to learn other important things in crypto.
It is not nice that we have the money at hand and instead of buying, we want to becomes guru in knowledge before acquiring and you already know what that means that, you will definitely miss out all the ride bitcoin had to offer those period while watching and trying to gather all the knowledge.
It is very much possible to accumulate and hold while we’re trying to learn and by so doing, we are using one single stone to kill two bird, those are the kind of privileges bitcoin and cryptocurrency offers.
Nice Belarge, but let me just clear something up real quick, if you are referring to Bitcoin as crypto, then I would have to disagree with that.. In my view, Bitcoin stands on its own, it is not in the same category as the thousands of shit coins people like to add together under crypto… That is why in this thread, and personally for myself, I prefer to call it simply Bitcoin, not crypto..
The reason is simple, Bitcoin has a unique foundation, history, and purpose that none of those other coins come close to.. Most of the so called cryptocurrencies that popped up after Bitcoin are just experimental projects chasing hype.. Many of them eventually fade, get abandoned, or rug their investors, which is why I personally see them as nothing more than shitcoins.. They do not represent the same level of security, decentralization, and trustless system that Bitcoin does…