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It is expected that beginners understand Bitcoin first, and if that understanding is lacking, there is no need to buy Bitcoin if they do not understand it well. When one understands Bitcoin, they will know the importance of buying, and they wouldn't want to miss the opportunity to do so.
I bought my first bitcoin without really understanding what bitcoin was really all about, that's just the irony of this whole bitcoin investment of a thing. Someone close to me just persuaded me to buy it at that time. It was when I made that initial investment that I started developing interest in knowing more about bitcoin. I believe there are many others that had similar experiences as I did.

If I had waited to understand bitcoin well I wouldn't have gotten started when I did, probably I wouldn't be here today. So I don't think knowledge and investing in bitcoin is a one way traffic. It can work either ways, some know bitcoin well before investing and others can start investing first through the help of colleagues or family members and gradually begin to develop knowledge and more interest about bitcoin.

Indeed, many people buy BTC even though they don't fully understand it, but eventually they become more serious and want to learn about BTC, which ultimately leads to them understanding it. Coincidentally, I also bought BTC when I didn't fully understand it, but as time went on, I continued to learn and eventually began to understand why so many people invest in BTC. However, in my opinion, there is nothing wrong with investing in BTC, but we must first know about BTC and everything else so that when we invest, we are more confident. Of course, everyone's experience is different, but the most important thing is that we should not use borrowed money to buy BTC. This is because most people who invest in BTC lose money when they use borrowed money.

Indeed, there are many different stories of people becoming BTC investors, but ultimately, those who succeed are those who hold onto BTC for the long term.

Good points,i remembered how my friend persuaded me to buy BTC several years back ,i was skeptical about it because i had no basic knowledge about bitcoin, i first thought it was one those ponzi scheme that will eventually crash. Funny enough,i key-in to his ideal,made my first BTC purchase without even understanding it. later on,i started making some research about bitcoin after i have invested. My points is,people can still invest in bitcoin without first understanding it,although it isn't ideal to an extent but itsit's possible they Can still learn about it while investing.
Original archived Re: Buy the DIP, and HODL!
Scraped on 04/10/2025, 11:28:10 UTC
It is expected that beginners understand Bitcoin first, and if that understanding is lacking, there is no need to buy Bitcoin if they do not understand it well. When one understands Bitcoin, they will know the importance of buying, and they wouldn't want to miss the opportunity to do so.
I bought my first bitcoin without really understanding what bitcoin was really all about, that's just the irony of this whole bitcoin investment of a thing. Someone close to me just persuaded me to buy it at that time. It was when I made that initial investment that I started developing interest in knowing more about bitcoin. I believe there are many others that had similar experiences as I did.

If I had waited to understand bitcoin well I wouldn't have gotten started when I did, probably I wouldn't be here today. So I don't think knowledge and investing in bitcoin is a one way traffic. It can work either ways, some know bitcoin well before investing and others can start investing first through the help of colleagues or family members and gradually begin to develop knowledge and more interest about bitcoin.

Indeed, many people buy BTC even though they don't fully understand it, but eventually they become more serious and want to learn about BTC, which ultimately leads to them understanding it. Coincidentally, I also bought BTC when I didn't fully understand it, but as time went on, I continued to learn and eventually began to understand why so many people invest in BTC. However, in my opinion, there is nothing wrong with investing in BTC, but we must first know about BTC and everything else so that when we invest, we are more confident. Of course, everyone's experience is different, but the most important thing is that we should not use borrowed money to buy BTC. This is because most people who invest in BTC lose money when they use borrowed money.

Indeed, there are many different stories of people becoming BTC investors, but ultimately, those who succeed are those who hold onto BTC for the long term.

Good points,i remembered how my friend persuaded me to buy BTC several years back ,i was skeptical about it because i had no basic knowledge about bitcoin, i first thought it was one those ponzi scheme that will eventually crash. Funny enough,i key-in to his ideal,made my first BTC purchase without even understanding it. later on,i started making some research about bitcoin after i have invested. My points is,people can still invest in bitcoin without first understanding it,although it isn't ideal to an extent but its they Can still learn about it while investing.