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A lot of newbies in Bitcoin investment have made the mistake of buying Bitcoin when they have no emergency found or even not having a good stable income to hold Bitcoin comfortably without exchange them when they hard pressure.

I wouldn't consider it a mistake for newbies because even after buying without emergency funds set ups you can still set that up after having at least little to your portfolio while putting yourself to order, in my opinion some of this newbies that does this are opportunity grabbers which is even better than those who wait for the perfect timing which might not come, so I prefer they buy this bitcoin being imperfect and learn about things as time goes by than try to be all perfect set up all types of funds before ever getting to buy the real deal, bitcoin usually serve us opportunities like the little dips which a newbie could see and grab yet learn the who processes as time permits.

I think the summary of what I have understood so far is that the approach some newbies should really take is to emphasise the importance of taking healthy mindset actions and learning from others experiences and also learning to adapt to the market, rather than waiting for ideal conditions. The part you made mention of can still set up emergency funds after investing. I would say even if they don't have everything perfect from the start, in my own little understanding, they can still adjust, and then improvement takes place, plus improving their strategy changes over time.

This happens to the newbies because they were not properly guided with the little knowledge they have in investing in Bitcoin before they went into investment, which I know they must have learnt their lesson .
Newbie should not be discourage in any mistake they make instead encouraged because with time they will have to understand how Bitcoin investment works, it is better you start investing early enough unlike those that have been in the forum for long without investment and yet not willing to invest not having emergency fund can't deprive a newbie from investing, in as much as you will set it up along your line of investment, as long as for the period of not having an emergency fund his not going to tamper from his investment, as long as he his comfortable with his discretionary income and can always afford it.

Yeah, I really feel what you said. As a newbie myself, I have made some mistakes too because I did not know much when I started.... But I am still learning little by little, and I believe it is part of the journey. I also agree that starting early is good. Even though I don’t have an emergency fund yet, but I am trying to use only the money I can afford to lose, so it does not affect me. I believe with time and with more guidance, I will gain more knowledge and understand about Bitcoin investment better.

I know no one is above making a mistake but it is advise to at least get a basic knowledge of Bitcoin before starting to avoid unnecessary mistake, I called these mistakes unnecessary because as time goes on one will begin to gain more knowledge and will also get to know that those mistakes he or she was doing was not necessary because they are something they could have abstain from if actually have the basic knowledge. Starting Bitcoin investment sometimes is not the issues rather the issues is knowing why you are starting and how to go about it rightly.

Of course, it is very important to gain proper knowledge before investing in Bitcoin. Investing without gaining proper knowledge is like going out on the road blindfolded and any danger can happen at any time. If you start investing without understanding how Bitcoin works, you will make wrong decisions at any time, such as deciding to buy from the wrong place or deciding to sell at the wrong time. In addition to proper knowledge, long-term investment planning, strategy, market analysis and patience are very important for successful investment.

Bitcoin investment, if you do not rush into it and are aware of the risks, planning a small investment can bring success in the long run. It is very important to understand when to invest in the market and when to sell, otherwise the risk in the investment increases a lot. You should wait patiently for the right time to buy or sell.

‎That is very true, I have come to realize that now. When I first heard about Bitcoin, I thought it was just about buying and waiting for it to go up. But after starting, I saw there is a lot more process involved, like timing, planning, and understanding the market. I have made some wrong moves, but I am also learning bit by bit. I am beginning to see the importance of being patient and not rushing into things... Small, wellplanned investments really do make more sense in the long run. I am just trying to build my knowledge slowly and stay consistent.

Having a basic knowledge about Bitcoin is quite important in terms of knowing what you’re doing, most importantly having a financial plan and financial management on how to start your investment that it wouldn’t have to affect your portfolio on building your bitcoin stash, talking about timing well I must say you can actually accumulate Bitcoin at any time you’ve a discretionary income you you don’t have to wait for whatever opportunities and it’s now, sometimes we might not be able to avoid making mistakes, and you can’t makeup for the mistakes, but what you own yourself is to keep investing and accumulating your Bitcoin investment. You know they say patience is a virtue and your journey of accumulating Bitcoin, not just accumulating Bitcoin but for consistency is important and holding for a long term is also crucial. So you’re absolutely right.

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