Quote from: Jostern on Today at 12:07:57 PM

Quote from: puloweh555 on Today at 09:05:17 AM

Quote from: bitzizzix on September 22, 2025, 06:13:35 PM

Understanding its potential is crucial from the outset. Realizing Bitcoin's immense profit-generating potential will spark interest in learning the basics. Learn what Bitcoin is, how to own it, and other fundamentals before proceeding. Everything we want to learn and explore further can be discovered throughout our investment journey, and once we experience the benefits, it will motivate us to continue accumulating more Bitcoin and achieving our long-term goals. This is why it's important to understand Bitcoin from the outset for the long term, giving us time to accumulate more Bitcoin, increase our knowledge, and increase our profits.

It's safe to say that when you're considering investing in anything, especially something as risky as Bitcoin, it's crucial to learn a deep understanding of it. This not only builds confidence in your investment, but also helps you expand your knowledge and increase your profits.

Many people especially beginners sometimes buy Bitcoin without thorough knowledge simply following trends especially now that Bitcoin is at a high price. However they won't be prepared for the high price fluctuations that can lead to panic. However if you have knowledge and have thoroughly studied Bitcoin when fluctuations occur they won't panic because they know that price fluctuations are perfectly normal and can even present opportunities to buy at a discount and hold for the long term. In short investing in Bitcoin requires not only knowledge but also mindset to ensure long term investment.

My dear pleb, it’s never safe to say when investing in bitcoin you’ll have get deep knowledge and understanding about bitcoin, are you literally saying I will have to wait and get all the necessary information and knowledge before I can start investing and building my portfolio, We all know that investing in bitcoin could be risky but not as much as not investing when you decide to acquire all the necessary knowledge like you said and then you keep missing out on opportunities to invest and accumulate bitcoin.

Beginners doesn’t require thorough knowledge before they could get started with bitcoin, if a newbie wants to start investing in bitcoin, it’s just having a discretionary income, and also know which exchanges are quite safe to buy and hold onto our Bitcoin, people knows that bitcoin is a volatile asset and if you want to buy and invest in bitcoin it’s more advisable to keep buying through DCA for a low discretionary income account, stay consistent and hold for a long time, then you can make a lot of progress from there, instead of waiting to get all the necessary knowledge like you said, which I think aren’t necessary.

When I started investing in bitcoin I didn’t require all the knowledge before I started, it was just as simple as having a discretionary income first, then I decided to start looking for a safe exchange where I can buy and hold my Bitcoin for a very long term, I didn’t just learn everything all at once, it was just a little by little process as I continue to invest then I was learning how to hold onto my bitcoin, and also having an emergency funds and a reserved funds along the line while I was still investing and holding.

Well said,I agree with your point except where you said Exchanges are safe to hold Bitcoin. I believe this is not the first time investors have been warned never to use centralize exchanges to Hold their Bitcoin assets because they can be hacked. Its fine if your using this exchanges to buy Bitcoin but it's not ideal to hodl because of the risks. Rather than Hodl your bitcoin stash with this exchanges where you don't have complete control over your asset,I prefer you start making use of a non custodian wallet to store you Bitcoin. A non custodian wallet is safer and it allows you to have complete control over your asset through your seedphrase.