Buy Buy Buy or Sell Sell Sell?

[Gooner0]

 Investing in Bitcoin can be a complex and challenging endeavor. It's essential to approach it with caution, thoroughly understanding the risks and potential rewards, before investing in bitcoin first you have to define your investment objectives and time range of the investment, your investment strategy is it long term or short term are you investing to sell or to hold all these are considerations needed to be considered before investing

The last time I checked, bitcoin investment is very easy to start and not complicated and challenging to handle. Bitcoin investment can only be complicated and challenging to handle when you use the money that is meant to sort out your daily expenses and invest in bitcoin because at some point you will struggle to solve your daily expenses, which might cause you to sell your bitcoin even though you are at a loss to survive and get your daily expenses sorted out. But if you figure out you will have discretionary income and invest in bitcoin within your discretionary income, you will always find it easy to invest in bitcoin, which will allow you to hold your bitcoin for the long term because you will always be in the position of solving your daily expenses at any time they arise.

You are right anyone can invest in Bitcoin as long as they have a good understanding of how Bitcoin works and regarding the funds that will be used to invest in Bitcoin of course they must first settle their daily needs in order to run the investment properly and achieve the targets they set for themselves, as you said it is very true if someone is not able to meet their daily needs properly then it will be difficult to maintain the investment until the targets they set are achieved.

It is very important before deciding to invest in Bitcoin or anything else, we must first fulfill our daily needs and also have funds ready to invest without being disturbed by our needs.

You don't need to have a good understanding of how bitcoin works before you should start investing in bitcoin, because bitcoin itself is very complex and makes it impossible for a new beginner to have a grounded knowledge.

Are you for real? So you just think Anyone And anybody can just wake up overnight and decide that " I am going to invest in Bitcoin, without trying to seek first hand knowledge about Bitcoin, And how it works".
Trust me if you started this way, you started on the wrong foot and if things eventually worked for you, you should really thank your stars.

Before investing in Bitcoin or even Altcoins, you should first of all know what you are getting yourself into, it's just like starting a new business, you just don't d
Start overnight because you business would be more likely to crumble or fold with time.
You need to know if you are financially ready to buy and hold Bitcoin.
You need to know if you can na a good long term holder, or maybe if you can't.
You need to know about the volatility of Bitcoin, so that maybe if you wake up one day and see your capital looking smaller than before, you won't panic.
There are a 10001 reasons why I think Bitcoin should not be something you just hop into.
But this few should do.

[Sim_card]

 Investing in Bitcoin can be a complex and challenging endeavor. It's essential to approach it with caution, thoroughly understanding the risks and potential rewards, before investing in bitcoin first you have to define your investment objectives and time range of the investment, your investment strategy is it long term or short term are you investing to sell or to hold all these are considerations needed to be considered before investing

The last time I checked, bitcoin investment is very easy to start and not complicated and challenging to handle. Bitcoin investment can only be complicated and challenging to handle when you use the money that is meant to sort out your daily expenses and invest in bitcoin because at some point you will struggle to solve your daily expenses, which might cause you to sell your bitcoin even though you are at a loss to survive and get your daily expenses sorted out. But if you figure out you will have discretionary income and invest in bitcoin within your discretionary income, you will always find it easy to invest in bitcoin, which will allow you to hold your bitcoin for the long term because you will always be in the position of solving your daily expenses at any time they arise.

You are right anyone can invest in Bitcoin as long as they have a good understanding of how Bitcoin works and regarding the funds that will be used to invest in Bitcoin of course they must first settle their daily needs in order to run the investment properly and achieve the targets they set for themselves, as you said it is very true if someone is not able to meet their daily needs properly then it will be difficult to maintain the investment until the targets they set are achieved.

It is very important before deciding to invest in Bitcoin or anything else, we must first fulfill our daily needs and also have funds ready to invest without being disturbed by our needs.

You don't need to have a good understanding of how bitcoin works before you should start investing in bitcoin, because bitcoin itself is very complex and makes it impossible for a new beginner to have a grounded knowledge.

Are you for real? So you just think Anyone And anybody can just wake up overnight and decide that " I am going to invest in Bitcoin, without trying to seek first hand knowledge about Bitcoin, And how it works".
Trust me if you started this way, you started on the wrong foot and if things eventually worked for you, you should really thank your stars.

Before investing in Bitcoin or even Altcoins, you should first of all know what you are getting yourself into, it's just like starting a new business, you just don't d
Start overnight because you business would be more likely to crumble or fold with time.
You need to know if you are financially ready to buy and hold Bitcoin.
You need to know if you can na a good long term holder, or maybe if you can't.
You need to know about the volatility of Bitcoin, so that maybe if you wake up one day and see your capital looking smaller than before, you won't panic.
There are a 10001 reasons why I think Bitcoin should not be something you just hop into.
But this few should do.

What you should understand is that bitcoin is not all these physical kind of investment and it's easy for anyone who wants to invest in bitcoin on long-term investment to jump into the moving train as long as he has his discretionary income ready. He is only buying and not selling. As long as you are on a long-term investment, whatever the price of bitcoin is shouldn't be your problem because you are not selling but only stacking up. You can learn whatever you need to know along side as you're investing because you are on a long term ride.

If you want to start waiting to get a good knowledge on bitcoin before investing, you will waste all the precious time that you are suppose to use to start growing your investment all in the name of learning and that's not going to help you accumulate more bitcoin than when you just get started with the baaic knowledge and learn along your way. It's impossible to learn everything about bitcoin in few months because there are always new developments in the technology. Delay is dangerous, so newbies with their discretionary income should get started right away with an amount from their discretionary income thay will not affect their financial expenses. If you do not sell no matter how dip the prive gets, ypu will not run at loss because 1btc=1btc

Bitcoin is not shitcoin and does not need too much knowledge to start investing. I will advice you to stay away from shitcoins because that's what is in your head. Shitcoin is not bitcoin and should be avoided so that you don't run at big loss at the end because shitcoin is the opposite of bitcoin. Don't compare both of them since bitcoin is not in the same level with pump and dump projects. Shitcoin is for gamblers and bitcoin is for long term investors.

[Agbamoni]

~snip

Taking a loan to invest in Bitcoin is very wrong, why would you take a loan to invest in Bitcoin knowing fully well that Bitcoin investment is not a Ponzi scheme, I have a friend when he started Bitcoin investment as a newbie he went to take a loan and then used the money to buy Bitcoin and hold, he was thinking that before the expiring date given to him to repay the loan Bitcoin would have rise and he will then sell and make profit there by paying off the loan, but it didn't work for him like that, he had to sell off the Bitcoin he was holding and sold some of his property in other to pay off the loan together with the interest,
Bitcoin is an investment that we shouldn't rush into just to make quick money, if you want to invest in Bitcoin you need to have a source of income and then start buying Bitcoin little by little using the DCA strategy, if you don't have a source of income you don't need to invest in Bitcoin because if you do you may be tempted to sell it off and use the money to settle your bills. The only reason an investor can borrow or take loan is when he has used up his backup funds which is emergency, reserves and float funds and instead of dipping hands into your Bitcoin investment you can take a loan as long as you have a source of paying back but if you don't have a source of paying back then it is advised to dip hands into your Bitcoin investment.

Why are we back to this discussion again? Its really not helping because it seems we are not moving forward rather moving back to other conversation. A lot of clarity have been done on this loan discussion. Even @Jayjuangee gave a conclusively response to it.

And you are even getting somethings wrong here. Taking a loan is not a bad idea if the investor in question is able to manage and pay back his loan in the due time he said. Most business men take loan to sustain their business, other investors also take loan. Its all about sustainability and willing to make it happen as we planned it to be after taking the loan. As well as paying back the loan at the appointed time.

Of course, no one should get a loan with an expectation that they will be using proceeds from their "gainz" to pay back the loan.

There are such things as smart loans, and there are a decent number of folks who know how to use debt and/or leverage to put themselves into a financial status that they may well not be able to achieve absent their use of debt in smart ways.

Sure, debt is a more sophisticated instrument as compared with straight-forwardly living within your cashflow, and it seems to me that the best kinds of debts and/or loans that have already considered ways to pay back the debt, and without relying upon the appreciation of the investment in order to accomplish paying back the loan, and surely there are also folks who are able to muster up way more favorable loan terms than others, and it may well be neither unethical nor imprudent to personally profit from personal credit and/or even collaterally-based credit that is relatively well thought out, accounts for the costs of the loan(s) and other applicable terms.

So many guys have been mentioning (and emphasizing) the need to live within your means, and surely there is nothing wrong with making sure that you can walk before you run, yet there is also nothing wrong with both identifying when you can run and employing that tactic in order to put yourself into a much better place (and perhaps even a place that you could have never had achieved) absent employing the running card... and for sure, there can be ways that such running card can be deployed without devolving into trading, excessive margin, gambling, shitcoining or other overly risky practices.

Surely, the use of loans and debts is not a basic technique to be applied without weighing costs and benefits, but it is a technique that can both be learned and employed in relatively risk-free (or risk-minimized) ways.  Admittedly, there are a lot of folks who neither know how to employ or to manage debt, and who should not be using debt based on their own skills and/or circumstances, yet the mere fact that a decent number of folks do not know how to use debt or they employ debt under the wrong kinds of circumstances, that should not cause debt to be eliminated from the list of options that someone might well be in a good position to reasonably deploy.

Before jumping unto this loan discussion again. Everyone should take a look at Jay's response.

[SuperBitMan]

 Investing in Bitcoin can be a complex and challenging endeavor. It's essential to approach it with caution, thoroughly understanding the risks and potential rewards, before investing in bitcoin first you have to define your investment objectives and time range of the investment, your investment strategy is it long term or short term are you investing to sell or to hold all these are considerations needed to be considered before investing

The last time I checked, bitcoin investment is very easy to start and not complicated and challenging to handle. Bitcoin investment can only be complicated and challenging to handle when you use the money that is meant to sort out your daily expenses and invest in bitcoin because at some point you will struggle to solve your daily expenses, which might cause you to sell your bitcoin even though you are at a loss to survive and get your daily expenses sorted out. But if you figure out you will have discretionary income and invest in bitcoin within your discretionary income, you will always find it easy to invest in bitcoin, which will allow you to hold your bitcoin for the long term because you will always be in the position of solving your daily expenses at any time they arise.

You are right anyone can invest in Bitcoin as long as they have a good understanding of how Bitcoin works and regarding the funds that will be used to invest in Bitcoin of course they must first settle their daily needs in order to run the investment properly and achieve the targets they set for themselves, as you said it is very true if someone is not able to meet their daily needs properly then it will be difficult to maintain the investment until the targets they set are achieved.

It is very important before deciding to invest in Bitcoin or anything else, we must first fulfill our daily needs and also have funds ready to invest without being disturbed by our needs.

You don't need to have a good understanding of how bitcoin works before you should start investing in bitcoin, because bitcoin itself is very complex and makes it impossible for a new beginner to have a grounded knowledge.

Are you for real? So you just think Anyone And anybody can just wake up overnight and decide that " I am going to invest in Bitcoin, without trying to seek first hand knowledge about Bitcoin, And how it works".
Trust me if you started this way, you started on the wrong foot and if things eventually worked for you, you should really thank your stars.

Before investing in Bitcoin or even Altcoins, you should first of all know what you are getting yourself into, it's just like starting a new business, you just don't d
Start overnight because you business would be more likely to crumble or fold with time.
You need to know if you are financially ready to buy and hold Bitcoin.
You need to know if you can na a good long term holder, or maybe if you can't.
You need to know about the volatility of Bitcoin, so that maybe if you wake up one day and see your capital looking smaller than before, you won't panic.
There are a 10001 reasons why I think Bitcoin should not be something you just hop into.
But this few should do.

Bitcoin investment is different from other investment, when it comes to bitcoin investment you don't need to wait till you have all the knowledge before you can start investing, all this you mentioned are all good ideas to reason before going into Bitcoin investment however nothing stops you from reasoning and implementing same thing when you have already started accumulating, they say experience is the best teacher as a Bitcoin investor the more you are into Bitcoin investment the more you understand the best part to follow, when I started Bitcoin investment I was not using the DCA strategy it was when I came into this forum I read about DCA strategy and I decided to try it and that is what I have been using till date so those things really do not matter, start your accumulation with time you will no more better because is not possible to know everything about Bitcoin at a time, there are somethings you will get to know after you have started accumulating by your own self.

There's a write up which you mentioned Altcoin I highlighted it above but let me quote you " Before investing in Bitcoin or even Altcoins"  you have been on this thread for sometime now and you have seen we don't accept mentioning Altcoin because this is a Bitcoin discussion thread, don't confuse yourself and other newbies in this forum.

[Gooner0]

 Investing in Bitcoin can be a complex and challenging endeavor. It's essential to approach it with caution, thoroughly understanding the risks and potential rewards, before investing in bitcoin first you have to define your investment objectives and time range of the investment, your investment strategy is it long term or short term are you investing to sell or to hold all these are considerations needed to be considered before investing

The last time I checked, bitcoin investment is very easy to start and not complicated and challenging to handle. Bitcoin investment can only be complicated and challenging to handle when you use the money that is meant to sort out your daily expenses and invest in bitcoin because at some point you will struggle to solve your daily expenses, which might cause you to sell your bitcoin even though you are at a loss to survive and get your daily expenses sorted out. But if you figure out you will have discretionary income and invest in bitcoin within your discretionary income, you will always find it easy to invest in bitcoin, which will allow you to hold your bitcoin for the long term because you will always be in the position of solving your daily expenses at any time they arise.

You are right anyone can invest in Bitcoin as long as they have a good understanding of how Bitcoin works and regarding the funds that will be used to invest in Bitcoin of course they must first settle their daily needs in order to run the investment properly and achieve the targets they set for themselves, as you said it is very true if someone is not able to meet their daily needs properly then it will be difficult to maintain the investment until the targets they set are achieved.

It is very important before deciding to invest in Bitcoin or anything else, we must first fulfill our daily needs and also have funds ready to invest without being disturbed by our needs.

You don't need to have a good understanding of how bitcoin works before you should start investing in bitcoin, because bitcoin itself is very complex and makes it impossible for a new beginner to have a grounded knowledge.

Are you for real? So you just think Anyone And anybody can just wake up overnight and decide that " I am going to invest in Bitcoin, without trying to seek first hand knowledge about Bitcoin, And how it works".
Trust me if you started this way, you started on the wrong foot and if things eventually worked for you, you should really thank your stars.

Before investing in Bitcoin or even Altcoins, you should first of all know what you are getting yourself into, it's just like starting a new business, you just don't d
Start overnight because you business would be more likely to crumble or fold with time.
You need to know if you are financially ready to buy and hold Bitcoin.
You need to know if you can na a good long term holder, or maybe if you can't.
You need to know about the volatility of Bitcoin, so that maybe if you wake up one day and see your capital looking smaller than before, you won't panic.
There are a 10001 reasons why I think Bitcoin should not be something you just hop into.
But this few should do.

What you should understand is that bitcoin is not all these physical kind of investment and it's easy for anyone who wants to invest in bitcoin on long-term investment to jump into the moving train as long as he has his discretionary income ready. He is only buying and not selling. As long as you are on a long-term investment, whatever the price of bitcoin is shouldn't be your problem because you are not selling but only stacking up. You can learn whatever you need to know along side as you're investing because you are on a long term ride.

If you want to start waiting to get a good knowledge on bitcoin before investing, you will waste all the precious time that you are suppose to use to start growing your investment all in the name of learning and that's not going to help you accumulate more bitcoin than when you just get started with the baaic knowledge and learn along your way. It's impossible to learn everything about bitcoin in few months because there are always new developments in the technology. Delay is dangerous, so newbies with their discretionary income should get started right away with an amount from their discretionary income thay will not affect their financial expenses. If you do not sell no matter how dip the prive gets, ypu will not run at loss because 1btc=1btc

Bitcoin is not shitcoin and does not need too much knowledge to start investing. I will advice you to stay away from shitcoins because that's what is in your head. Shitcoin is not bitcoin and should be avoided so that you don't run at big loss at the end because shitcoin is the opposite of bitcoin. Don't compare both of them since bitcoin is not in the same level with pump and dump projects. Shitcoin is for gamblers and bitcoin is for long term investors.

ok, let's say you buy Bitcoin, after a friend of yours just tells you how he/she just made a whooping profit.
Maybe your friend told you they bought Bitcoin when it was still around 60k and when Bitcoin appreciated  to 100k they sold and made profits.
Ok then you without waiting for proper info just decided to buy Bitcoin too now that it's 100k and deep down you say to yourself you would wait patiently till it increases. And then due to Bitcoin volatility it depreciates just like it is now , maybe to let say 90k and then you panic sell so you wouldn't loose..
These are the kind of things I'm saying.
You first need proper knowledge first.

[Mayor of ogba]

 Investing in Bitcoin can be a complex and challenging endeavor. It's essential to approach it with caution, thoroughly understanding the risks and potential rewards, before investing in bitcoin first you have to define your investment objectives and time range of the investment, your investment strategy is it long term or short term are you investing to sell or to hold all these are considerations needed to be considered before investing

The last time I checked, bitcoin investment is very easy to start and not complicated and challenging to handle. Bitcoin investment can only be complicated and challenging to handle when you use the money that is meant to sort out your daily expenses and invest in bitcoin because at some point you will struggle to solve your daily expenses, which might cause you to sell your bitcoin even though you are at a loss to survive and get your daily expenses sorted out. But if you figure out you will have discretionary income and invest in bitcoin within your discretionary income, you will always find it easy to invest in bitcoin, which will allow you to hold your bitcoin for the long term because you will always be in the position of solving your daily expenses at any time they arise.

You are right anyone can invest in Bitcoin as long as they have a good understanding of how Bitcoin works and regarding the funds that will be used to invest in Bitcoin of course they must first settle their daily needs in order to run the investment properly and achieve the targets they set for themselves, as you said it is very true if someone is not able to meet their daily needs properly then it will be difficult to maintain the investment until the targets they set are achieved.

It is very important before deciding to invest in Bitcoin or anything else, we must first fulfill our daily needs and also have funds ready to invest without being disturbed by our needs.

You don't need to have a good understanding of how bitcoin works before you should start investing in bitcoin, because bitcoin itself is very complex and makes it impossible for a new beginner to have a grounded knowledge.

Are you for real? So you just think Anyone And anybody can just wake up overnight and decide that " I am going to invest in Bitcoin, without trying to seek first hand knowledge about Bitcoin, And how it works".
Trust me if you started this way, you started on the wrong foot and if things eventually worked for you, you should really thank your stars.

Before investing in Bitcoin or even Altcoins, you should first of all know what you are getting yourself into, it's just like starting a new business, you just don't d
Start overnight because you business would be more likely to crumble or fold with time.
You need to know if you are financially ready to buy and hold Bitcoin.
You need to know if you can na a good long term holder, or maybe if you can't.
You need to know about the volatility of Bitcoin, so that maybe if you wake up one day and see your capital looking smaller than before, you won't panic.
There are a 10001 reasons why I think Bitcoin should not be something you just hop into.
But this few should do.

I will not really blame you for having this impression about bitcoin investment because you are a newbie, but I want you to understand that bitcoin investment is not like any other investments where you need to carry out major research to know everything about the investment you want to invest your money in so that you will know if you will flourish in that investment. But with just a basic knowledge about bitcoin, you are very much okay to start investing in bitcoin, provided you have a steady source of income and discretionary income, which will allow you to consistently invest in bitcoin anytime your discretionary income is readily available and also allow you to sort out your daily expenses and put you in a better position to control your bitcoin investment. Since everyone knows that bitcoin investment is suitable and profitable in the long run, it is your responsibility to figure out how long you are to invest in bitcoin and the amount of bitcoin you can possibly accumulate with your discretionary income, so I don't see this as an obstacle that will delay you from starting your bitcoin investment or push you to know everything about bitcoin before you can start your bitcoin investment.

[EarnOnVictor]

 Investing in Bitcoin can be a complex and challenging endeavor. It's essential to approach it with caution, thoroughly understanding the risks and potential rewards, before investing in bitcoin first you have to define your investment objectives and time range of the investment, your investment strategy is it long term or short term are you investing to sell or to hold all these are considerations needed to be considered before investing

The last time I checked, bitcoin investment is very easy to start and not complicated and challenging to handle. Bitcoin investment can only be complicated and challenging to handle when you use the money that is meant to sort out your daily expenses and invest in bitcoin because at some point you will struggle to solve your daily expenses, which might cause you to sell your bitcoin even though you are at a loss to survive and get your daily expenses sorted out. But if you figure out you will have discretionary income and invest in bitcoin within your discretionary income, you will always find it easy to invest in bitcoin, which will allow you to hold your bitcoin for the long term because you will always be in the position of solving your daily expenses at any time they arise.

You are right anyone can invest in Bitcoin as long as they have a good understanding of how Bitcoin works and regarding the funds that will be used to invest in Bitcoin of course they must first settle their daily needs in order to run the investment properly and achieve the targets they set for themselves, as you said it is very true if someone is not able to meet their daily needs properly then it will be difficult to maintain the investment until the targets they set are achieved.

You have a point there, the person with his meagre earnings might find it difficult to invest in Bitcoin, but for me, that is if the person is not determined to invest in it. No amount is too small to invest in Bitcoin and the yield may surprise you. Many people are only looking for one excuse or the other and they will be pained every time they see the price of Bitcoin appreciating.

A good plan may come from investing 10% of your earnings regularly in Bitcoin and in the next 1-3 years, that amount would have meant something. My disposition about this is that; what if the person is not even earning up to his current amount, won't he survive one way or another? The 10% is not too much, it is good in trying to secure his future in Bitcoin and it doesn't matter if it is painstakingly done.

[Barikui1]

 Investing in Bitcoin can be a complex and challenging endeavor. It's essential to approach it with caution, thoroughly understanding the risks and potential rewards, before investing in bitcoin first you have to define your investment objectives and time range of the investment, your investment strategy is it long term or short term are you investing to sell or to hold all these are considerations needed to be considered before investing

The last time I checked, bitcoin investment is very easy to start and not complicated and challenging to handle. Bitcoin investment can only be complicated and challenging to handle when you use the money that is meant to sort out your daily expenses and invest in bitcoin because at some point you will struggle to solve your daily expenses, which might cause you to sell your bitcoin even though you are at a loss to survive and get your daily expenses sorted out. But if you figure out you will have discretionary income and invest in bitcoin within your discretionary income, you will always find it easy to invest in bitcoin, which will allow you to hold your bitcoin for the long term because you will always be in the position of solving your daily expenses at any time they arise.

You are right anyone can invest in Bitcoin as long as they have a good understanding of how Bitcoin works and regarding the funds that will be used to invest in Bitcoin of course they must first settle their daily needs in order to run the investment properly and achieve the targets they set for themselves, as you said it is very true if someone is not able to meet their daily needs properly then it will be difficult to maintain the investment until the targets they set are achieved.

A good plan may come from investing 10% of your earnings regularly in Bitcoin and in the next 1-3 years, that amount would have meant something. My disposition about this is that; what if the person is not even earning up to his current amount, won't he survive one way or another? The 10% is not too much, it is good in trying to secure his future in Bitcoin and it doesn't matter if it is painstakingly done.

Though it's very good if an individual is trying to secure his future by investing in Bitcoin, but if the person is still struggling to fend for his basic needs, it just a matter of time before that person start dipping hands into his holdings just to survive, because if his income is too small to fend for his needs, he will actually struggle to remove 10% from it, we haven't even talked about removing emergency funds from there, so that he can address any emergencies that arises in the future, so it's very important that before an individual decides to invest in Bitcoin, he must be able to fend for his basic needs without troubles, because to painstakingly do things consistency for a very long period of time can be very difficult, a single mistake can derail all your plans that week or monthly, so having the ability to fend for your basic needs without stress is the first thing a Bitcoin investor  need to have, if he must be successful while investing in Bitcoin.

[Xun hu]

There are a large number of diptwats, and even people who seem smart, who fuck around trading in and out of bitcoin based on their dumb ideas in regards to various manipulated metrics like bitcoin dominance, and so yeah, through bitcoin's history there has been a lot of people trying to sound smart in their descriptions of how their perceptions of how "bitcoin dominance" has changed over the years or during certain "seasons."

I agree with your statement, although I believe that the act of buying and selling by traders is a personal matter, but universally it brings harmful results. However, since there is freedom in the field of trading, traders should analyze other effective metrics for market analysis, such as on-chain data, fundamental analysis, trading volume, liquidity, and others, in addition to Bitcoin dominance, to make informed decisions.

[laijsica]

 Investing in Bitcoin can be a complex and challenging endeavor. It's essential to approach it with caution, thoroughly understanding the risks and potential rewards, before investing in bitcoin first you have to define your investment objectives and time range of the investment, your investment strategy is it long term or short term are you investing to sell or to hold all these are considerations needed to be considered before investing

The last time I checked, bitcoin investment is very easy to start and not complicated and challenging to handle. Bitcoin investment can only be complicated and challenging to handle when you use the money that is meant to sort out your daily expenses and invest in bitcoin because at some point you will struggle to solve your daily expenses, which might cause you to sell your bitcoin even though you are at a loss to survive and get your daily expenses sorted out. But if you figure out you will have discretionary income and invest in bitcoin within your discretionary income, you will always find it easy to invest in bitcoin, which will allow you to hold your bitcoin for the long term because you will always be in the position of solving your daily expenses at any time they arise.

You are right anyone can invest in Bitcoin as long as they have a good understanding of how Bitcoin works and regarding the funds that will be used to invest in Bitcoin of course they must first settle their daily needs in order to run the investment properly and achieve the targets they set for themselves, as you said it is very true if someone is not able to meet their daily needs properly then it will be difficult to maintain the investment until the targets they set are achieved.

A good plan may come from investing 10% of your earnings regularly in Bitcoin and in the next 1-3 years, that amount would have meant something. My disposition about this is that; what if the person is not even earning up to his current amount, won't he survive one way or another? The 10% is not too much, it is good in trying to secure his future in Bitcoin and it doesn't matter if it is painstakingly done.

Though it's very good if an individual is trying to secure his future by investing in Bitcoin, but if the person is still struggling to fend for his basic needs, it just a matter of time before that person start dipping hands into his holdings just to survive, because if his income is too small to fend for his needs, he will actually struggle to remove 10% from it, we haven't even talked about removing emergency funds from there, so that he can address any emergencies that arises in the future, so it's very important that before an individual decides to invest in Bitcoin, he must be able to fend for his basic needs without troubles, because to painstakingly do things consistency for a very long period of time can be very difficult, a single mistake can derail all your plans that week or monthly, so having the ability to fend for your basic needs without stress is the first thing a Bitcoin investor  need to have, if he must be successful while investing in Bitcoin.

Due to inflation some people are lagging behind in holding Bitcoin as per their concept and are more busy in meeting their basic needs. Maybe he will have to spend more time to reach a decent level and then accumulate Bitcoin. They are more focused on the present and daily needs of the family than on their future financial independence. Yes if he decides to deposit $5 Bitcoin per week from his means it will be great for him. At least he can write his name in the list of holders. I think his financial situation will change and he will be able to increase the amount of deposit over time. People meet all the needs of their family through hard work and he should also find ways to save money from it to become a proud holder of Bitcoin and make long term deposits. Maybe the process of accumulating emergency funds will be more difficult for him but he is inclined to be aware of the backup fund and make subsequent decisions.

[Futurexxx]

 Investing in Bitcoin can be a complex and challenging endeavor. It's essential to approach it with caution, thoroughly understanding the risks and potential rewards, before investing in bitcoin first you have to define your investment objectives and time range of the investment, your investment strategy is it long term or short term are you investing to sell or to hold all these are considerations needed to be considered before investing

The last time I checked, bitcoin investment is very easy to start and not complicated and challenging to handle. Bitcoin investment can only be complicated and challenging to handle when you use the money that is meant to sort out your daily expenses and invest in bitcoin because at some point you will struggle to solve your daily expenses, which might cause you to sell your bitcoin even though you are at a loss to survive and get your daily expenses sorted out. But if you figure out you will have discretionary income and invest in bitcoin within your discretionary income, you will always find it easy to invest in bitcoin, which will allow you to hold your bitcoin for the long term because you will always be in the position of solving your daily expenses at any time they arise.

You are right anyone can invest in Bitcoin as long as they have a good understanding of how Bitcoin works and regarding the funds that will be used to invest in Bitcoin of course they must first settle their daily needs in order to run the investment properly and achieve the targets they set for themselves, as you said it is very true if someone is not able to meet their daily needs properly then it will be difficult to maintain the investment until the targets they set are achieved.

A good plan may come from investing 10% of your earnings regularly in Bitcoin and in the next 1-3 years, that amount would have meant something. My disposition about this is that; what if the person is not even earning up to his current amount, won't he survive one way or another? The 10% is not too much, it is good in trying to secure his future in Bitcoin and it doesn't matter if it is painstakingly done.

Though it's very good if an individual is trying to secure his future by investing in Bitcoin, but if the person is still struggling to fend for his basic needs, it just a matter of time before that person start dipping hands into his holdings just to survive, because if his income is too small to fend for his needs, he will actually struggle to remove 10% from it, we haven't even talked about removing emergency funds from there, so that he can address any emergencies that arises in the future, so it's very important that before an individual decides to invest in Bitcoin, he must be able to fend for his basic needs without troubles, because to painstakingly do things consistency for a very long period of time can be very difficult, a single mistake can derail all your plans that week or monthly, so having the ability to fend for your basic needs without stress is the first thing a Bitcoin investor  need to have, if he must be successful while investing in Bitcoin.

Yes if he decides to deposit $5 Bitcoin per week from his means it will be great for him. At least he can write his name in the list of holders. I think his financial situation will change .

Are you being serious here? 
Is writing his name among holders his goal? If that's the case then that person doesn't even know what he is doing or what he wants for himself, because I see no reason why the sole purpose of a Bitcoin investor would be let him just be seen as a Bitcoin investor, who is he even trying to impress in the first place?

Then as for the aspect of Bitcoin changing your financial situation for ever, it mostly boils down to the stash of Bitcoin in your possession and how long you are able to hold, because you can't be investing only $5 weekly and hold for like 10 years, and be expecting to be filthy rich when you are residing at the united state of America or the UK, it might be possible in other part of the world where $5 is a huge amount of money, not in the state or UK.
So what am trying to say is that your stash of Bitcoin will determine wether your financial status is going to change forever or it just going to improve it, and investing only $5 is just going to improve your financial status in my own opinion.

[john_egbert]

I agree with your statement, although I believe that the act of buying and selling by traders is a personal matter, but universally it brings harmful results. However, since there is freedom in the field of trading, traders should analyze other effective metrics for market analysis, such as on-chain data, fundamental analysis, trading volume, liquidity, and others, in addition to Bitcoin dominance, to make informed decisions.

If a person knows much about BTC, he wouldn't trade with it, imo. Much more potential is just in hodling it. Nothing wrong with trying things differently, but it usually holds more risks and doesn't have that much stability behind it. And we are talking about BTC here.

[Mayor of ogba]

 Investing in Bitcoin can be a complex and challenging endeavor. It's essential to approach it with caution, thoroughly understanding the risks and potential rewards, before investing in bitcoin first you have to define your investment objectives and time range of the investment, your investment strategy is it long term or short term are you investing to sell or to hold all these are considerations needed to be considered before investing

The last time I checked, bitcoin investment is very easy to start and not complicated and challenging to handle. Bitcoin investment can only be complicated and challenging to handle when you use the money that is meant to sort out your daily expenses and invest in bitcoin because at some point you will struggle to solve your daily expenses, which might cause you to sell your bitcoin even though you are at a loss to survive and get your daily expenses sorted out. But if you figure out you will have discretionary income and invest in bitcoin within your discretionary income, you will always find it easy to invest in bitcoin, which will allow you to hold your bitcoin for the long term because you will always be in the position of solving your daily expenses at any time they arise.

You are right anyone can invest in Bitcoin as long as they have a good understanding of how Bitcoin works and regarding the funds that will be used to invest in Bitcoin of course they must first settle their daily needs in order to run the investment properly and achieve the targets they set for themselves, as you said it is very true if someone is not able to meet their daily needs properly then it will be difficult to maintain the investment until the targets they set are achieved.

It is very important before deciding to invest in Bitcoin or anything else, we must first fulfill our daily needs and also have funds ready to invest without being disturbed by our needs.

You don't need to have a good understanding of how bitcoin works before you should start investing in bitcoin, because bitcoin itself is very complex and makes it impossible for a new beginner to have a grounded knowledge.

Are you for real? So you just think Anyone And anybody can just wake up overnight and decide that " I am going to invest in Bitcoin, without trying to seek first hand knowledge about Bitcoin, And how it works".
Trust me if you started this way, you started on the wrong foot and if things eventually worked for you, you should really thank your stars.

Before investing in Bitcoin or even Altcoins, you should first of all know what you are getting yourself into, it's just like starting a new business, you just don't d
Start overnight because you business would be more likely to crumble or fold with time.
You need to know if you are financially ready to buy and hold Bitcoin.
You need to know if you can na a good long term holder, or maybe if you can't.
You need to know about the volatility of Bitcoin, so that maybe if you wake up one day and see your capital looking smaller than before, you won't panic.
There are a 10001 reasons why I think Bitcoin should not be something you just hop into.
But this few should do.

What you should understand is that bitcoin is not all these physical kind of investment and it's easy for anyone who wants to invest in bitcoin on long-term investment to jump into the moving train as long as he has his discretionary income ready. He is only buying and not selling. As long as you are on a long-term investment, whatever the price of bitcoin is shouldn't be your problem because you are not selling but only stacking up. You can learn whatever you need to know along side as you're investing because you are on a long term ride.

If you want to start waiting to get a good knowledge on bitcoin before investing, you will waste all the precious time that you are suppose to use to start growing your investment all in the name of learning and that's not going to help you accumulate more bitcoin than when you just get started with the baaic knowledge and learn along your way. It's impossible to learn everything about bitcoin in few months because there are always new developments in the technology. Delay is dangerous, so newbies with their discretionary income should get started right away with an amount from their discretionary income thay will not affect their financial expenses. If you do not sell no matter how dip the prive gets, ypu will not run at loss because 1btc=1btc

Bitcoin is not shitcoin and does not need too much knowledge to start investing. I will advice you to stay away from shitcoins because that's what is in your head. Shitcoin is not bitcoin and should be avoided so that you don't run at big loss at the end because shitcoin is the opposite of bitcoin. Don't compare both of them since bitcoin is not in the same level with pump and dump projects. Shitcoin is for gamblers and bitcoin is for long term investors.

ok, let's say you buy Bitcoin, after a friend of yours just tells you how he/she just made a whooping profit.
Maybe your friend told you they bought Bitcoin when it was still around 60k and when Bitcoin appreciated  to 100k they sold and made profits.
Ok then you without waiting for proper info just decided to buy Bitcoin too now that it's 100k and deep down you say to yourself you would wait patiently till it increases. And then due to Bitcoin volatility it depreciates just like it is now , maybe to let say 90k and then you panic sell so you wouldn't loose..
These are the kind of things I'm saying.
You first need proper knowledge first.

The example you showed above is totally different from what you are arguing about. The people who invested in bitcoin when the price was still at $60k didn't just wake up and invest in bitcoin, and all of a sudden the price surged to $100k. They had held their bitcoin for a long time before they were able to witness the $100k price. Bitcoin is not a pump-and-dump coin that you expect to get huge profit in a short term after investing your money in it. You have to hold your bitcoin for at least 4 years before you can see the profit you are talking about. And you shouldn't invest in bitcoin because you heard that someone made huge profits from it. You should invest in bitcoin at you own will, and before you invest in bitcoin, you should understand that bitcoin is volatile in nature and is not a quick way to get rich, so that when you start investing in bitcoin and the price drops, you will not panic and sell your bitcoin at a loss because you already know that is the nature of bitcoin, and with time it will increase again to the level where you will be in profit.

[Zackz5000]

 Investing in Bitcoin can be a complex and challenging endeavor. It's essential to approach it with caution, thoroughly understanding the risks and potential rewards, before investing in bitcoin first you have to define your investment objectives and time range of the investment, your investment strategy is it long term or short term are you investing to sell or to hold all these are considerations needed to be considered before investing

The last time I checked, bitcoin investment is very easy to start and not complicated and challenging to handle. Bitcoin investment can only be complicated and challenging to handle when you use the money that is meant to sort out your daily expenses and invest in bitcoin because at some point you will struggle to solve your daily expenses, which might cause you to sell your bitcoin even though you are at a loss to survive and get your daily expenses sorted out. But if you figure out you will have discretionary income and invest in bitcoin within your discretionary income, you will always find it easy to invest in bitcoin, which will allow you to hold your bitcoin for the long term because you will always be in the position of solving your daily expenses at any time they arise.

You are right anyone can invest in Bitcoin as long as they have a good understanding of how Bitcoin works and regarding the funds that will be used to invest in Bitcoin of course they must first settle their daily needs in order to run the investment properly and achieve the targets they set for themselves, as you said it is very true if someone is not able to meet their daily needs properly then it will be difficult to maintain the investment until the targets they set are achieved.

It is very important before deciding to invest in Bitcoin or anything else, we must first fulfill our daily needs and also have funds ready to invest without being disturbed by our needs.

You don't need to have a good understanding of how bitcoin works before you should start investing in bitcoin, because bitcoin itself is very complex and makes it impossible for a new beginner to have a grounded knowledge.

Are you for real? So you just think Anyone And anybody can just wake up overnight and decide that " I am going to invest in Bitcoin, without trying to seek first hand knowledge about Bitcoin, And how it works".
Trust me if you started this way, you started on the wrong foot and if things eventually worked for you, you should really thank your stars.

Before investing in Bitcoin or even Altcoins, you should first of all know what you are getting yourself into, it's just like starting a new business, you just don't d
Start overnight because you business would be more likely to crumble or fold with time.
You need to know if you are financially ready to buy and hold Bitcoin.
You need to know if you can na a good long term holder, or maybe if you can't.
You need to know about the volatility of Bitcoin, so that maybe if you wake up one day and see your capital looking smaller than before, you won't panic.
There are a 10001 reasons why I think Bitcoin should not be something you just hop into.
But this few should do.

What you should understand is that bitcoin is not all these physical kind of investment and it's easy for anyone who wants to invest in bitcoin on long-term investment to jump into the moving train as long as he has his discretionary income ready. He is only buying and not selling. As long as you are on a long-term investment, whatever the price of bitcoin is shouldn't be your problem because you are not selling but only stacking up. You can learn whatever you need to know along side as you're investing because you are on a long term ride.

If you want to start waiting to get a good knowledge on bitcoin before investing, you will waste all the precious time that you are suppose to use to start growing your investment all in the name of learning and that's not going to help you accumulate more bitcoin than when you just get started with the baaic knowledge and learn along your way. It's impossible to learn everything about bitcoin in few months because there are always new developments in the technology. Delay is dangerous, so newbies with their discretionary income should get started right away with an amount from their discretionary income thay will not affect their financial expenses. If you do not sell no matter how dip the prive gets, ypu will not run at loss because 1btc=1btc

Bitcoin is not shitcoin and does not need too much knowledge to start investing. I will advice you to stay away from shitcoins because that's what is in your head. Shitcoin is not bitcoin and should be avoided so that you don't run at big loss at the end because shitcoin is the opposite of bitcoin. Don't compare both of them since bitcoin is not in the same level with pump and dump projects. Shitcoin is for gamblers and bitcoin is for long term investors.

ok, let's say you buy Bitcoin, after a friend of yours just tells you how he/she just made a whooping profit.
Maybe your friend told you they bought Bitcoin when it was still around 60k and when Bitcoin appreciated  to 100k they sold and made profits.
Ok then you without waiting for proper info just decided to buy Bitcoin too now that it's 100k and deep down you say to yourself you would wait patiently till it increases. And then due to Bitcoin volatility it depreciates just like it is now , maybe to let say 90k and then you panic sell so you wouldn't loose..
These are the kind of things I'm saying.
You first need proper knowledge first.

You can't get this proper knowledge you are talking about without starting up bitcoin investment first if you have the basic knowledge about Bitcoin you can get started and gradually figure out other things along the line because it is when you are inside that you will know more about this bitcoin investment you can be waiting to figure out all concerning bitcoin before investing while you keep missing out other buying opportunity or by waiting to learn all you might get discouraged along this line you could also miss out by procastinating, investing into bitcoin is not as hard as it may seems bitcoin investment is easy when you get started it is when you have not started that you might be thinking to get all knowledge first you can get started already if your discretionary income is available.

And also someone that is investing for a longer time shouldn't get panic when the price of bitcoin drop for it will surely increase back above what you can't even imagine in future time .

[laijsica]

 Investing in Bitcoin can be a complex and challenging endeavor. It's essential to approach it with caution, thoroughly understanding the risks and potential rewards, before investing in bitcoin first you have to define your investment objectives and time range of the investment, your investment strategy is it long term or short term are you investing to sell or to hold all these are considerations needed to be considered before investing

The last time I checked, bitcoin investment is very easy to start and not complicated and challenging to handle. Bitcoin investment can only be complicated and challenging to handle when you use the money that is meant to sort out your daily expenses and invest in bitcoin because at some point you will struggle to solve your daily expenses, which might cause you to sell your bitcoin even though you are at a loss to survive and get your daily expenses sorted out. But if you figure out you will have discretionary income and invest in bitcoin within your discretionary income, you will always find it easy to invest in bitcoin, which will allow you to hold your bitcoin for the long term because you will always be in the position of solving your daily expenses at any time they arise.

You are right anyone can invest in Bitcoin as long as they have a good understanding of how Bitcoin works and regarding the funds that will be used to invest in Bitcoin of course they must first settle their daily needs in order to run the investment properly and achieve the targets they set for themselves, as you said it is very true if someone is not able to meet their daily needs properly then it will be difficult to maintain the investment until the targets they set are achieved.

A good plan may come from investing 10% of your earnings regularly in Bitcoin and in the next 1-3 years, that amount would have meant something. My disposition about this is that; what if the person is not even earning up to his current amount, won't he survive one way or another? The 10% is not too much, it is good in trying to secure his future in Bitcoin and it doesn't matter if it is painstakingly done.

Though it's very good if an individual is trying to secure his future by investing in Bitcoin, but if the person is still struggling to fend for his basic needs, it just a matter of time before that person start dipping hands into his holdings just to survive, because if his income is too small to fend for his needs, he will actually struggle to remove 10% from it, we haven't even talked about removing emergency funds from there, so that he can address any emergencies that arises in the future, so it's very important that before an individual decides to invest in Bitcoin, he must be able to fend for his basic needs without troubles, because to painstakingly do things consistency for a very long period of time can be very difficult, a single mistake can derail all your plans that week or monthly, so having the ability to fend for your basic needs without stress is the first thing a Bitcoin investor  need to have, if he must be successful while investing in Bitcoin.

Yes if he decides to deposit $5 Bitcoin per week from his means it will be great for him. At least he can write his name in the list of holders. I think his financial situation will change .

Are you being serious here? 
Is writing his name among holders his goal? If that's the case then that person doesn't even know what he is doing or what he wants for himself, because I see no reason why the sole purpose of a Bitcoin investor would be let him just be seen as a Bitcoin investor, who is he even trying to impress in the first place?

Then as for the aspect of Bitcoin changing your financial situation for ever, it mostly boils down to the stash of Bitcoin in your possession and how long you are able to hold, because you can't be investing only $5 weekly and hold for like 10 years, and be expecting to be filthy rich when you are residing at the united state of America or the UK, it might be possible in other part of the world where $5 is a huge amount of money, not in the state or UK.
So what am trying to say is that your stash of Bitcoin will determine wether your financial status is going to change forever or it just going to improve it, and investing only $5 is just going to improve your financial status in my own opinion.

If a person has a small amount of discretionary income left over after meeting his daily needs, such as $5, he should at least start with that. Have you read my next lines? If not, you should now. I said that his financial situation may change over time. And over time, his ability to grow his deposits will increase. If You wants to make a positive change in your financial situation, so it should happen through hard work and boost it with reliable Bitcoin investments. You should start depositing Bitcoin with at least $5 a week. The next decision is to increase the deposit with the increase in earnings.

[Fara Chan]

I agree with your statement, although I believe that the act of buying and selling by traders is a personal matter, but universally it brings harmful results. However, since there is freedom in the field of trading, traders should analyze other effective metrics for market analysis, such as on-chain data, fundamental analysis, trading volume, liquidity, and others, in addition to Bitcoin dominance, to make informed decisions.

Most traders only consider their own profits rather than caring about some of the analyses you mentioned. Because they certainly will not regret their decisions and even if there are traders who regret their own decisions, maybe they still don't understand that Bitcoin is indeed more suitable for long-term storage than trading daily or weekly. So everyone is always free to make decisions, although those who will feel more victory and more profit are those who still have patience in storing Bitcoin for the long term.

If a person knows much about BTC, he wouldn't trade with it, imo. Much more potential is just in hodling it. Nothing wrong with trying things differently, but it usually holds more risks and doesn't have that much stability behind it. And we are talking about BTC here.

That's right and I also quite agree with what you said, because we can see how many traders regret in 2023 and 2024 because they don't want to keep Bitcoin consistently in their own wallets. So those of us who have seen that as a fairly real example also have to think differently where Bitcoin should be held and others are allowed to be sold for whatever purpose.

[Tamaperdana]

And you’re right, many of them get burnt but they never for once learn from that experience neither do they even get wiser for it. They just keep on repeating the same cliched dialogues and fake statistics, as if they are trying to convince themselves more than anyone else. It is like, bro, if you want to trade the market, do it right with a proper plan and strategy, and don’t get lost in all the buzz!

It's funny and stupid at the same time that they don't learn, they've this strong conviction from hell that they would find a better strategy to get profitable. Trading deals with them from both ends, they rarely can focus on any other things apart from monitoring charts as against investors that go about their other sources of income, make money and return to purchase when time is due. The employed ones amongst them sometimes perform badly at work. I've worked with a guy who focuses on his trades and gives less attention to his accounting duties, even if he's working, he's absent minded either thinking about the trades he opened, or suffering a burnout from some loses, finally, his records were laced with lots of errors, got laid off and arrested for missing funds.

From there and a few experiences myself, I learned that there are more troubles in trading much more than investing into Bitcoin and honestly, it's easier to be an investor than a trader.

This is where it is important to manage emotions or mentality when entering the realm of crypto or bitcoin. Because if we can't control our emotions well, we will definitely end up feeling greedy and wanting to make quick profits. So if you fall into this, it is certain that everything you do will end up not being good. So this is where it is important to think realistically and not get carried away by the news that is spreading, such as news about people who have become rich from trading crypto. Because this is very dangerous if we fall into it.

Because in my personal opinion, trading in crypto or bitcoin has a huge positive side if we carry it out with sound knowledge and good emotional control. But the mistake is, many people are trapped by the news, and think that trading in crypto or bitcoin is an easy thing. However, in reality it is not that easy. So what's wrong is not trading or investing, or even crypto assets. But what is wrong is the person who carries it out without proper understanding.

Talking about the bold words, do we need to manage our emotions as investors? No, managing emotions are for traders not investors like us.
As a Bitcoin investor, your job is to buy and hold, the secondary aspect is to having a good source of income and an emergency funds to sustain you during the emergencies, you have no business being emotional while holding your Bitcoin.
It is only traders that get f**k up time and time again because they think that they can outsmart the market not knowing that it is very and extremely difficult to succeed as a trader, unlike investing in Bitcoin that anyone can invest and be successful in it, if he is a long term holder and he has a source of income and an emergency funds kept aside in case of any emergencies arise in the future.

I think emotional control is also needed by an investor in Bitcoin. Even though it is true that an investor will not be as emotional as a trader, there are still times when an investor also feels irritated and afraid. As is the case at times when the price of bitcoin experienced a decline that occurred in recent years. For a bitcoin investor who doesn't have good patience, and has deep anxiety, I'm sure many people sold their bitcoin at that time. So if you look at this, I think controlling emotions is very important even for a bitcoin investor. Because in my personal opinion, bitcoin investors who will be successful in holding their bitcoins are investors who are able to control their emotions well. Because in my opinion controlling emotions is an important pillar that every investor in bitcoin must have. Because the logic is like this, people who cannot control their emotions well will definitely not go well in every job they undertake. And so does investing in bitcoin. Because you need to know, when holding bitcoin, the main enemy that will continue to haunt us is our own emotions. So if we can't control our emotions, it is certain that the bitcoin investment that we are carrying out will most likely fail along the way.

[Zaguru12]

Are you for real? So you just think Anyone And anybody can just wake up overnight and decide that " I am going to invest in Bitcoin, without trying to seek first hand knowledge about Bitcoin, And how it works".
Trust me if you started this way, you started on the wrong foot and if things eventually worked for you, you should really thank your stars.

Before investing in Bitcoin or even Altcoins, you should first of all know what you are getting yourself into, it's just like starting a new business, you just don't d
Start overnight because you business would be more likely to crumble or fold with time.
You need to know if you are financially ready to buy and hold Bitcoin.
You need to know if you can na a good long term holder, or maybe if you can't.
You need to know about the volatility of Bitcoin, so that maybe if you wake up one day and see your capital looking smaller than before, you won't panic.
There are a 10001 reasons why I think Bitcoin should not be something you just hop into.
But this few should do.

I think the quoted post might have been the over emphasized by saying you need not to know about bitcoin much before you should invest, the post stated you need to learn the basics which you have listed above like why you’re investing, price target, amount to actually invest with and most important ones how set up your wallet, protect it and how to buy. For me this is basically what is needed. Extensive knowledge like Fundamental analysis, Technical Analysis or even sentimental knowledge are good knowledge but not necessarily too import for just an investor.

If it were other businesses you will need to have knowledge beyond this basics like even the mining process of it uptill how the network is protect like running your own node this too are great addition to knowledge of what you’re dealing with but as random investor it won’t hinder your investment once you have the proper basic knowledge most especially the security part.

If a person knows much about BTC, he wouldn't trade with it, imo. Much more potential is just in hodling it. Nothing wrong with trying things differently, but it usually holds more risks and doesn't have that much stability behind it. And we are talking about BTC here.

Yes holding is the most easiest way to actually earn more profit with less risk and it is something i usually advice newbies to do only for the risk of losing their bitcoin. But to me that doesn’t make trading bitcoin a bad thing most especially if you have extra funds and also most importantly the knowledge, there multiple trade options like spots, futures and the rest, the higher the reward the higher the risk. The reason why most people actually get liquidated is how they actually go for future or leverage trading without proper knowledge or rather greed. Controlling this actually makes some traders profitable

[Spaceman1000$]

 Investing in Bitcoin can be a complex and challenging endeavor. It's essential to approach it with caution, thoroughly understanding the risks and potential rewards, before investing in bitcoin first you have to define your investment objectives and time range of the investment, your investment strategy is it long term or short term are you investing to sell or to hold all these are considerations needed to be considered before investing

The last time I checked, bitcoin investment is very easy to start and not complicated and challenging to handle. Bitcoin investment can only be complicated and challenging to handle when you use the money that is meant to sort out your daily expenses and invest in bitcoin because at some point you will struggle to solve your daily expenses, which might cause you to sell your bitcoin even though you are at a loss to survive and get your daily expenses sorted out. But if you figure out you will have discretionary income and invest in bitcoin within your discretionary income, you will always find it easy to invest in bitcoin, which will allow you to hold your bitcoin for the long term because you will always be in the position of solving your daily expenses at any time they arise.

You are right anyone can invest in Bitcoin as long as they have a good understanding of how Bitcoin works and regarding the funds that will be used to invest in Bitcoin of course they must first settle their daily needs in order to run the investment properly and achieve the targets they set for themselves, as you said it is very true if someone is not able to meet their daily needs properly then it will be difficult to maintain the investment until the targets they set are achieved.

It is very important before deciding to invest in Bitcoin or anything else, we must first fulfill our daily needs and also have funds ready to invest without being disturbed by our needs.

You don't need to have a good understanding of how bitcoin works before you should start investing in bitcoin, because bitcoin itself is very complex and makes it impossible for a new beginner to have a grounded knowledge.

Are you for real? So you just think Anyone And anybody can just wake up overnight and decide that " I am going to invest in Bitcoin, without trying to seek first hand knowledge about Bitcoin, And how it works".
Trust me if you started this way, you started on the wrong foot and if things eventually worked for you, you should really thank your stars.

Before investing in Bitcoin or even Altcoins, you should first of all know what you are getting yourself into, it's just like starting a new business, you just don't d
Start overnight because you business would be more likely to crumble or fold with time.
You need to know if you are financially ready to buy and hold Bitcoin.
You need to know if you can na a good long term holder, or maybe if you can't.
You need to know about the volatility of Bitcoin, so that maybe if you wake up one day and see your capital looking smaller than before, you won't panic.
There are a 10001 reasons why I think Bitcoin should not be something you just hop into.
But this few should do.

What you should understand is that bitcoin is not all these physical kind of investment and it's easy for anyone who wants to invest in bitcoin on long-term investment to jump into the moving train as long as he has his discretionary income ready. He is only buying and not selling. As long as you are on a long-term investment, whatever the price of bitcoin is shouldn't be your problem because you are not selling but only stacking up. You can learn whatever you need to know along side as you're investing because you are on a long term ride.

If you want to start waiting to get a good knowledge on bitcoin before investing, you will waste all the precious time that you are suppose to use to start growing your investment all in the name of learning and that's not going to help you accumulate more bitcoin than when you just get started with the baaic knowledge and learn along your way. It's impossible to learn everything about bitcoin in few months because there are always new developments in the technology. Delay is dangerous, so newbies with their discretionary income should get started right away with an amount from their discretionary income thay will not affect their financial expenses. If you do not sell no matter how dip the prive gets, ypu will not run at loss because 1btc=1btc

Bitcoin is not shitcoin and does not need too much knowledge to start investing. I will advice you to stay away from shitcoins because that's what is in your head. Shitcoin is not bitcoin and should be avoided so that you don't run at big loss at the end because shitcoin is the opposite of bitcoin. Don't compare both of them since bitcoin is not in the same level with pump and dump projects. Shitcoin is for gamblers and bitcoin is for long term investors.

ok, let's say you buy Bitcoin, after a friend of yours just tells you how he/she just made a whooping profit.
Maybe your friend told you they bought Bitcoin when it was still around 60k and when Bitcoin appreciated  to 100k they sold and made profits.
Ok then you without waiting for proper info just decided to buy Bitcoin too now that it's 100k and deep down you say to yourself you would wait patiently till it increases. And then due to Bitcoin volatility it depreciates just like it is now , maybe to let say 90k and then you panic sell so you wouldn't loose..
These are the kind of things I'm saying.
You first need proper knowledge first.

I believe those people that might have told you they bought bitcoin at 60k and later took their profits after it was around 100k did so because they where patient with their investment and I believe that is the number one disciplinary advice they will tell to anybody they want to preach about bitcoin investment to, so for anybody that sells out of panic after buying it 100k and the market later depreciated to 90k didn't listen properly to what he was taught, funny enough these are the set of persons that will go out and talk down on bitcoin because they are not disciplined.

[Huliya]

Most traders only consider their own profits rather than caring about some of the analyses you mentioned. Because they certainly will not regret their decisions and even if there are traders who regret their own decisions, maybe they still don't understand that Bitcoin is indeed more suitable for long-term storage than trading daily or weekly. So everyone is always free to make decisions, although those who will feel more victory and more profit are those who still have patience in storing Bitcoin for the long term.

Most traders, not all traders, think about their profits first. They still don't understand what is permanent and what is temporary. Traders need to understand that Bitcoin has no place for them. If they really care about their future, I would like to tell them to become an investor rather than a trader. If you are a long-term investor, you don't have to worry about your future. Bitcoin will be your friend at all times. If you invest for a long time, you will never be hurt. If you want to be a trader or a new investor, it is better to invest according to the DCA method. However, if you feel confident in any method, you can follow that method. But the DCA method has been invented to control such a volatile market of Bitcoin. It is a safe investment system.