Re: Buy Buy Buy or Sell Sell Sell?

You can also get started without understanding it all

Dude let's say you're a teacher for instance, can you tell your students to write exams without preparing to an extent for the exams, I guess the answer is no, let's then relate this to bitcoin investment, if I understand you very well, were you trying to say newbies or intending investors should start up their investment without preliminary knowledge which is the basic knowledge we talk about here now and then, do you feel that there no reason for the basic knowledge, man if you think so then you don't understand the reason for the basic knowledge, you don't just jump into what you don't espacially when it has to do with investment such as bitcoin, there are little things you need to know not too hyper but basics to enable you start first and other extensive or further knowledge can come later and I believe that's how things are suppose to be done.

What is this basic knowledge that you proclaim is needed? I doubt that your exam analogy is very fitting.

Why cannot a beginner to bitcoin just adjust his position size to be smaller while he is getting started and getting more familiar with bitcoin and perhaps to increase his position size as he becomes more familiar and more knowledgable about bitcoin, to the extent that he believes that his greater familiarity justifies increasing his bitcoin position size?

As simple as that not something you should stress yourself with. First time wait for no man and as time goes that’s how prices changes . As a newbie that’s really interested in bitcoin investment I don’t see any reason why you need any complex knowledge before going in .

There’s time for that (to know about bitcoin more) you can choose to know the basic first which is where to buy , how to buy and secure your assets. Then as time goes you may choose to expand your knowledge more as you accumulate it will literally make things more fun though and you do both

Procrastination or waiting for the perfect time has psychological trapped so many newbies from kickstarting their Bitcoin accumulation journey. They keep waiting for the perfect time, a time where they must have been well knowledgeable and had a huge source of income( discretionary income) before they start. What many of them fails to understand is that you don't need to have all the knowledge or the money in the world before kickstarting your investment journey. What you basically do need is to start with the little knowledge and discretionary income you have, learn more along the way and then grow your investment percentage over time as your knowledge and confidence increases.

You have made a good point. You need a discretionary fund with a little knowledge to start with Bitcoin. If it takes you a few years to generate a steady income, you should start accumulation Bitcoin with the amount of funds that you have available at the end of the month. You can never be perfect when investing. Even no one is perfect. Keeping your Bitcoin buy efforts in mind will be great for future alternative financial security. There are some investors I have met who are not very active in making real assets but they have a long experience in accumulating Bitcoin. They are aware of the past analysis of Bitcoin and its demand versus supply, so they still continue to buy. I tried to follow them because they believe in Bitcoin and despite their high returns today, they are going to continue to accumulation Bitcoin for the desired point in the future.