Are you trying to say that with basic knowledge a peerson cannot invest in Bitcoin? Well I do not agree with you coz basic knowledge is actually enough to kickstart your Bitcoin Accumulation journey.....When I say basic knowledge i am referring to this simple but important things, whichh are:
- Where to buy Bitcoin ( and probably where to sell though not really important)
- Where to safely store your Bitcoin by practicing things like self custody
- That Bitcoin is volatile( The price goes up and down and as such only your discretionary income should be used for investment, not money needed for your surviival.
- Bitcoin is divisible( you don't need to buy 1 whole Bitcoin, you can simply begin by stacking up a few Satoshis).
I would like to add something more to your information, if the investor wants to invest in Bitcoin, then he must remember the DCA method. Because even if the investor is poor and needy, he can still invest in Bitcoin according to his ability, he will only continue to make regular purchases according to the DCA method according to his ability. If he follows the DCA method weekly, then if he can invest $ 50 to $ 70 per week, then he will definitely be able to collect a large amount of Bitcoin at the end of the year.
In this way, if he continues to invest in Bitcoin according to the DCA method for the next few years, then he will definitely be successful according to his plan. Because an investor can definitely complete his investment successfully according to the DCA method, he should continue to invest in Bitcoin until one Bitcoin is deposited with him.
Suppose an investor plans an investment and accepts Bitcoin for investment and also invests consistently in a long-term plan according to your advice according to the DCA method, but still there is a possibility that his investment will be inconsistent. We know that people can have financial needs at any time, so an investor should plan his investment a little differently. To put it differently, we first manage our family with the amount of money we earn monthly and meet all the needs, after meeting all the needs, we invest the remaining amount in Bitcoin. Initially, the investor may think that investing the amount of money left over after meeting the needs of the family is definitely right for him, but when he needs the extra money for the family, he will not be able to continue investing or he may have to sell his investments to provide additional money.
After starting the investment, the investor should adopt a strategy to avoid having to sell the investment, such as investing a part of the money he has left over from spending on his family in Bitcoin and keeping the other part in a separate fund. This will not only make his investment safe, but when he needs additional money, he can use the separate fund to meet that need.
I think this can definitely be a good plan for every investor.