Buy Buy Buy or Sell Sell Sell?

[Showlove01]

If you want to make more profit by investing in Bitcoin for a short period of time, then it will be trading,

Your statement is misleading in the sense that trading does not guarantee that an investor will making big profits and very fast. The reality of most traders is that they lose money because trading is a risky business. Statistics has it that as high as 95%of traders fail, a number that may seem too high and impossible but it is true. This is why it is better to put energy in buying and holding Bitcoin rather than trading it for quick profits because such is like a trap.

I don't see what's misleading from what the OP said, I think it's you that's contradicting yourself. We are not interested with whatever statistics of what happens with traders whether 95% or 100% of them fails, It is the fate that we already know will befall them from the beginning that's why people are encouraged to stay away from such practices. The OP only said if you are chasing profits in a short term that you are a trader and I agree with that. Nothing misleading there.

Point of correction, the person you are referring to as an op is not an op, Op is the person that created this thread  and it seems you don't even see what As Soon As said because if you do you won't be saying justilamode is contradicting things. As Soon As said that " if you want to make more profit by investing in Bitcoin for a short term period, then it will be trading" which I still see as wrong and misleading because you can not get more profit by investing in Bitcoin for short term I mean it is impossible. an investor can only get more profit it they invest for long term.

[JayJuanGee]

[edited out]

Just as you have made mentioned in some case allowing your investments to grow over a long period can lead to significant returns due to compound interest.
Pulse also  Investing for the long term can help you ride out market fluctuations and avoid making impulsive decisions based on short-term volatility.

And aslo over the years i have also experiened that multiple market cycles can help you develop a more realistic understanding of investing and the importance of patience.

In bitcoin the idea is compounding value - not compounding interest.

Through the years bitcoin has been criticized because it does not pay out yield - even though relative to the dollar its value compounds, and new Schelling points are created at higher levels upon which the value can compound again and again and again.

So instead of cashing out profits from the increases in bitcoin's value, the increases in value are allowed to compound upon itself, which can be illustrated through various doublings in value, which I outlined that we are nearly upon 9 doublings since 2015 - starting the value at $250.

0)   $250  (2015)                                    1X
1)    $500  (2015-2016)                           2X
2)    $1,000    (2016-2017)        2X * 2 = 4X
3)    $2,000  (2017)                  4X * 2 = 8X
4)    $4,000  (2017-2020)          8X * 2 = 16X
5)    $8,000   (2017-2020)        16X * 2 = 32X
6)    $16,000  (2017-2022)       32X * 2 = 64X
7)    $32,000  (2021-2023)      64X * 2 = 128X
8 )    $64,000  (2021-2024)             128X * 2 = 256X
9)    $128,000  (2025?)                    256X * 2 = 512X
10)  $256,000  (2026?)                    512X * 2 = 1,024X
11) $512,000  (2026?)                    1,024X * 2 = 2,048X [/u]

So the 8th doubling at $64k gave us 256x times value, and if we reach our next doubling at $128k, then we will have 512x in value compounding.

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.

Snip

Is bitcoin risky because it is volatile or for some other reason(s)?

Well if I am to answer the question of puloweh555, I will say yes, that's why it's risky but it can not be Risker than shitcoin despite it's ups and down. People just use the word risky because Bitcoin is a decentralized currency that is not controled by a centralized authority which means anything can happen depending on people decision, but however that is even enough reason why Bitcoin can not be much risky. Because Bitcoin would have been Risker if it was a centralized coin which can be manipulated and perhaps it may even fall to zero when man or centralized entity decide to  manipulate it. But since it is not like that, I have every right to say Bitcoin is not a risky investment despite the claims of being risky. There is no force that can pull it down. The statement risky is just there toake people believe that anything can happen since it is an online investment but I don't see the possibility of any risk happening to Bitcoin even in the near future.

Your answer for puloweh555 is not a bad one, and so if there are a lot of unknowns in bitcoin, then perhaps if any of us invest time, energy and/or money into bitcoin, then we would measure how much we invest based on our concerns about the various unknowns and perhaps our studying the unknowns to cause them to become less frightening... yet we can still choose our position size, which would be fairly small and whimpy if we are really concerned (and for some people to refuse to get involved in bitcoin) and perhaps more aggressive if we are able to come to some comfort in our understanding of what brings value to bitcoin and perhaps some of the growth in the various network effects that were outlined by Trace Mayer in 2014.

You believe that a newbie to bitcoin needs to learn about bitcoin before starting to invest into it?

I don't think so, they just need to have some basic knowledge and start right away than procrastinate or wait to be fully prepared before starting, as that will delay the time of investment since Bitcoin is not waiting for anyone. As time goes on the more Bitcoin is becoming more expensive than before, that is enough reason why people need to have the basic knowledge and start right away.

What are the basics that the newbie needs to learn about bitcoin before getting started?

[Joeboy]

When it comes to crypto, we shouldn’t be in rush to make money.

The subject of discussion in this thread is Bitcoin, and as such I don't really see why you should be bringing up that word "Crypto"  coz doing so makes it look as if we are talking about all those shitcoins.
 

What are the basics that the newbie needs to learn about bitcoin before getting started?

The basics should be where to buy, how to buy and then along the way the newbie can learn about how to properly secure what has been bought( learning about things like self custody, etc).

[Bd officer]

which I still see as wrong and misleading because you can not get more profit by investing in Bitcoin for short term I mean it is impossible. an investor can only get more profit it they invest for long term.

You are right, investors must hold on long term to earn more profit. And short-term traders face losses most of the time. We can understand from the previous history of Bitcoin, those who have held long-term investments have made more profits. Some people are looking for the wrong way and they think they can make more profit from short term trading but in reality it has been proved wrong. So we have to plan properly, otherwise we will not be able to achieve anything good in the future. There is no substitute for long-term planning to make more profit by investing in Bitcoin.

[Berry2d]

When it comes to crypto, we shouldn’t be in rush to make money.

The subject of discussion in this thread is Bitcoin, and as such I don't really see why you should be bringing up that word "Crypto"  coz doing so makes it look as if we are talking about all those shitcoins.

You are actually right, here is not a place to discuss about shitcoins inrespective of what he meant. He may be emphasizing or referring to Bitcoin but using crypto to explain without knowing that he's wrong. But However it is good we try to bring to there notice that crypto is not Bitcoin and will never be Bitcoin. Crypto are often considered shitcoins and or memcoins with low to mo value.

[BTC_pokaop]

What are the basics that the newbie needs to learn about bitcoin before getting started?

Beginners do not need to have a degree to invest in Bitcoin, as someone mentioned above, how to buy, which wallet is safe, about long-term holding, etc., gaining knowledge about these topics will be enough to invest in Bitcoin. And they can start investing by following the DCA method. They can start like this and gain more knowledge later.

[jems]

When it comes to crypto, we shouldn’t be in rush to make money.

The subject of discussion in this thread is Bitcoin, and as such I don't really see why you should be bringing up that word "Crypto"  coz doing so makes it look as if we are talking about all those shitcoins.

You are actually right, here is not a place to discuss about shitcoins inrespective of what he meant. He may be emphasizing or referring to Bitcoin but using crypto to explain without knowing that he's wrong. But However it is good we try to bring to there notice that crypto is not Bitcoin and will never be Bitcoin. Crypto are often considered shitcoins and or memcoins with low to mo value.

That seems to be the understanding or language of those unfamiliar with Bitcoin. Yes, I understand that, and one must learn to differentiate between the two.
Here, we're focusing on discussing Bitcoin for the long term, regardless of the strategy we use, as it is a long-term investment option.

I think it could be made easier for newbies who don't understand. They just need to trust and start investing using the DCA method and collect the results in the future. I'm quite confident it will yield significant profits.

[Nightwatchmare]

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.

Yes, there is risk in Bitcoin investment, but Bitcoin investment isn't like other investments that you need to gain deep knowledge before you can venture into; what you just need to start up your Bitcoin investment is a basic knowledge, and if you have gained the basic knowledge, you can start up your Bitcoin investment if you are certain of discretionary income, and after you have started up your Bitcoin investment, you can decide to learn more about Bitcoin along your accumulation journey to gain more knowledge about Bitcoin. Any beginner who buys Bitcoin because of trends just bought Bitcoin because he/sh doesn't want to miss out on Bitcoin, and if he/she ends up selling his/her Bitcoin at a loss, you shouldn't blame it on lack of good Bitcoin knowledge.

[Umulala-alala]

If you want to make more profit by investing in Bitcoin for a short period of time, then it will be trading,

Your statement is misleading in the sense that trading does not guarantee that an investor will making big profits and very fast. The reality of most traders is that they lose money because trading is a risky business. Statistics has it that as high as 95%of traders fail, a number that may seem too high and impossible but it is true. This is why it is better to put energy in buying and holding Bitcoin rather than trading it for quick profits because such is like a trap.

I don't see what's misleading from what the OP said, I think it's you that's contradicting yourself. We are not interested with whatever statistics of what happens with traders whether 95% or 100% of them fails, It is the fate that we already know will befall them from the beginning that's why people are encouraged to stay away from such practices. The OP only said if you are chasing profits in a short term that you are a trader and I agree with that. Nothing misleading there.

Yes of course it is traders who chases short term profit most of them buy bitcoin when the price is low and target to sell when there is an increase in price of bitcoin and this is not how we should approach bitcoin as an investor that practice is for traders and gamblers, an investor will buy bitcoin and hodl for long because there is an advantage of holding for long what the traders sees as profit can't be compare with what an investor will gain if he continues buying bitcoin and hodl for long and not to sell for little profit.

[Barikui1]

.

You believe that a newbie to bitcoin needs to learn about bitcoin before starting to invest into it?

I don't think so, they just need to have some basic knowledge and start right away than procrastinate or wait to be fully prepared before starting, as that will delay the time of investment since Bitcoin is not waiting for anyone. As time goes on the more Bitcoin is becoming more expensive than before, that is enough reason why people need to have the basic knowledge and start right away.

What are the basics that the newbie needs to learn about bitcoin before getting started?

Just like what have been taught here countless times, as a newbie investors that just came into the space that want to invest in Bitcoin, what he just needs in other to start is the basic knowledge on Bitcoin, like how to buy and hold in a safe wallet, and to also know that investment in Bitcoin is done from our discretionary income only, along the line he can seek for more knowledge on it, to be more knowledgeable on what and what measures needs to be in place to be able to hold strong while accumulating,  because if he doesn't seek knowledge on how to hold strong, even though he has the will to hold, he will be powerless when an emergency situation arise that threatens his holdings, and he has no emergency and reserve funds in place to protect his investment.

So having the basic knowledge about Bitcoin is very important for a start, but seeking further knowledge on what's required in other to hold strong is key in your ability to hold strong into the future.

[Jostern]

What are the basics that the newbie needs to learn about bitcoin before getting started?

I believe that this thread have really helped me a lot ever since coming into here, Well I must say that I have really learnt a lot here more than I can ever imagine, Getting started with bitcoin like it’s always said here, we need a simple basic knowledge, which is more about learning how to buy bitcoin and possibly a safe wallet where to hold our bitcoins, and also learning that we need a discretionary income to start investing in bitcoin, because some newbies makes that mistake of investing in bitcoin with money that is meant for their expenses and expenditure.

However along the line we can keep learning more about Bitcoin when we have started buying and accumulating bitcoin, but the most important thing is just getting started with investing with Bitcoin, then we can latar learn about Emergency Fund and Reserved Funds

[De seer1]

[edited out]

Just as you have made mentioned in some case allowing your investments to grow over a long period can lead to significant returns due to compound interest.
Pulse also  Investing for the long term can help you ride out market fluctuations and avoid making impulsive decisions based on short-term volatility.

And aslo over the years i have also experiened that multiple market cycles can help you develop a more realistic understanding of investing and the importance of patience.

In bitcoin the idea is compounding value - not compounding interest.

Through the years bitcoin has been criticized because it does not pay out yield - even though relative to the dollar its value compounds, and new Schelling points are created at higher levels upon which the value can compound again and again and again.

So instead of cashing out profits from the increases in bitcoin's value, the increases in value are allowed to compound upon itself, which can be illustrated through various doublings in value, which I outlined that we are nearly upon 9 doublings since 2015 - starting the value at $250.

0)   $250  (2015)                                    1X
1)    $500  (2015-2016)                           2X
2)    $1,000    (2016-2017)        2X * 2 = 4X
3)    $2,000  (2017)                  4X * 2 = 8X
4)    $4,000  (2017-2020)          8X * 2 = 16X
5)    $8,000   (2017-2020)        16X * 2 = 32X
6)    $16,000  (2017-2022)       32X * 2 = 64X
7)    $32,000  (2021-2023)      64X * 2 = 128X
8 )    $64,000  (2021-2024)             128X * 2 = 256X
9)    $128,000  (2025?)                    256X * 2 = 512X
10)  $256,000  (2026?)                    512X * 2 = 1,024X
11) $512,000  (2026?)                    1,024X * 2 = 2,048X [/u]

So the 8th doubling at $64k gave us 256x times value, and if we reach our next doubling at $128k, then we will have 512x in value compounding.

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.

Snip

Is bitcoin risky because it is volatile or for some other reason(s)?

Well if I am to answer the question of puloweh555, I will say yes, that's why it's risky but it can not be Risker than shitcoin despite it's ups and down. People just use the word risky because Bitcoin is a decentralized currency that is not controled by a centralized authority which means anything can happen depending on people decision, but however that is even enough reason why Bitcoin can not be much risky. Because Bitcoin would have been Risker if it was a centralized coin which can be manipulated and perhaps it may even fall to zero when man or centralized entity decide to  manipulate it. But since it is not like that, I have every right to say Bitcoin is not a risky investment despite the claims of being risky. There is no force that can pull it down. The statement risky is just there toake people believe that anything can happen since it is an online investment but I don't see the possibility of any risk happening to Bitcoin even in the near future.

Your answer for puloweh555 is not a bad one, and so if there are a lot of unknowns in bitcoin, then perhaps if any of us invest time, energy and/or money into bitcoin, then we would measure how much we invest based on our concerns about the various unknowns and perhaps our studying the unknowns to cause them to become less frightening... yet we can still choose our position size, which would be fairly small and whimpy if we are really concerned (and for some people to refuse to get involved in bitcoin) and perhaps more aggressive if we are able to come to some comfort in our understanding of what brings value to bitcoin and perhaps some of the growth in the various network effects that were outlined by Trace Mayer in 2014.

You believe that a newbie to bitcoin needs to learn about bitcoin before starting to invest into it?

I don't think so, they just need to have some basic knowledge and start right away than procrastinate or wait to be fully prepared before starting, as that will delay the time of investment since Bitcoin is not waiting for anyone. As time goes on the more Bitcoin is becoming more expensive than before, that is enough reason why people need to have the basic knowledge and start right away.

What are the basics that the newbie needs to learn about bitcoin before getting started?

Allowing investment to grow at a long time it lead to a significant returns thanks to the ability of compound interest, investing provides the advantage of riding the market fluctuation assisting investors prevent impulsive decision driven by short term volatility. over some years people experienced firsthand how going through multiple market cycles can increase  more  grounded and realistic understanding of investing it reinforces the importance of patience, discipline and a long term achieving financial goals.

[DubemIfedigbo001]

Edited...

Allowing investment to grow at a long time it lead to a significant returns thanks to the ability of compound interest.

Bitcoin doesn't pay you interests rather it increases the value of your investment, there is no definite ROI in Bitcoin, the value of your investment increases overtime as you continue to hold.  the longer you hold into your investment, the possibility of it's value compounding and over time, even the new compounded value would still compound upon itself to give a bigger value when you hold longer.

This compounding effect is what short-term profit takers tend to miss out upon. Those that sell completely loose out totally to enjoy a bigger value of their investment, those that shave off profits reduces the quantity of their holdings and invariably limits the compounding effect on their investment. The more quantities you've, the bigger the value of your investment on the long-run.

[Emjay24]

What are the basics that the newbie needs to learn about bitcoin before getting started?

There are few things we may consider basic to starting your Bitcoin accumulation journey.

• Knowing that Bitcoin is a good investment and that it's more profitable going long-term
• Learning how to identify discretionary income from your gross income
• learning how to buy Bitcoin and the best way to hold and the importance of building backup funds alongside your buying Bitcoin.
• Choosing an investment strategy example DCA to follow up your investment journey
• Stating clearly your accumulation target and holding period

[Bigjoe33]

Sure we invest for the future, including 10 years or more into the future.

I was not suggesting increasing income by getting involved in questionable online income generation, but yeah of course, each person tries to figure out what is available to him and also how to balance his time, energies and value in order to figure out how he can build his wealth and improve his future options, whether his target is 10 years down the road or some other timeline.

If you ask me, I would say it's all for the future just as you guys pointed out already. If it were to be for now or the present, then almost 95% of citizens might have just been okay, no need for investment or so.
A single guy is trying all his best to build and save up for tomorrow and his future family. A marriage man with family and kids is investing so he can meet up future demands and unforseen circumstances that may result from future life demands. Because a man who has invested so much that his future is covered financially will be more relaxed peaceful with his soul even though one can never stop investing or working modernities to keep earning more money because human wants are for sure insatiable. For me, the future seals it becauce automatically, we live for the future.

About not surgesting increasing income by involving in questionable online income operations, I just keep wondering what there motivationa are and the level of peace in there conscience when they finally succeed in defrauding people online and live on such money. Do we say that actually lack conscience, or they are very lazy that they can go out to look for something doing, or on the.order hand, they are completely nuts that they can't figure out any legal stuff online or investment that they can get involved and become better financially, rather than depend on fraud to survive.

Why would I even in the first place seek for financial gains or growth in a place of fraud while there are different means that gives me financial stability and assurance in the future. Bitcoin has proven and or provided us with this privilege and we'll meaning and determined citizens who wants or wishes to liberate and solidify their financial future should liverage on it. Get the basic Bitcoin and investment knowledge, kick start your investment journey from your discretionary income using the DCA strategy for a long term deal, seek out for other little means of increasing your discretionary income as you also build up your emergency funds and other back up funds alongside and slowly, you climb up the ladder and your portfolio too.

Crime should be eschewed as it's not a contributor to the growth and financial freedom we all seek. You only end up destroying what others are hardly trying to build up for themselves and their future. Well of course, if they are caught too, they face the consequences all alone.

[HistoLock]

which I still see as wrong and misleading because you can not get more profit by investing in Bitcoin for short term I mean it is impossible. an investor can only get more profit it they invest for long term.

You are right, investors must hold on long term to earn more profit. And short-term traders face losses most of the time. We can understand from the previous history of Bitcoin, those who have held long-term investments have made more profits. Some people are looking for the wrong way and they think they can make more profit from short term trading but in reality it has been proved wrong. So we have to plan properly, otherwise we will not be able to achieve anything good in the future. There is no substitute for long-term planning to make more profit by investing in Bitcoin.

Of course, if you want to make money by investing, you have to stick to long-term investments, because short-term ones will not give you profit, but will push you towards losses. I think if you think about profitable traders, they will comment that they have achieved this by striving for a long time, so in one word, traders have become successful by trading for a long time. If you want to live like successful traders by investing in Bitcoin and want to grow your money, then you must be patient and invest for a long time, do not get discouraged. I think if you get discouraged or cannot be patient, then you will fail. However, the trading you mentioned is absolutely true, many people think that by taking online trading classes for a few months and reading a few books, they will become rich in a few days, but this is not the case. If they want to trade with this thinking and mindset, then they will definitely fail.  Yes, it is true that we often dream of doing many things but do not get it in reality because we do not try and are not patient. You can fulfill your dreams only when you are hardworking and patient. So I would say if you want to earn a lot of money from Bitcoin then you must invest for the long term.

[Cgrexp]

What are the basics that the newbie needs to learn about bitcoin before getting started?

Beginners do not need to have a degree to invest in Bitcoin, as someone mentioned above, how to buy, which wallet is safe, about long-term holding, etc., gaining knowledge about these topics will be enough to invest in Bitcoin. And they can start investing by following the DCA method. They can start like this and gain more knowledge later.

New investors think that they need to know Bitcoin in depth first, but the real priority should be understanding their personal finances, such as cash flow, backup funds, and determining the size of their initial investment position. A few minutes of chart analysis is enough to get a basic understanding of Bitcoin. It is wise to start with small positions and gradually build up confidence and investment as you learn. This is why DCA strategy and proper financial management are essential. So that it is possible to continue investing regularly.

[Derekfunds]

What are the basics that the newbie needs to learn about bitcoin before getting started?

Beginners do not need to have a degree to invest in Bitcoin, as someone mentioned above, how to buy, which wallet is safe, about long-term holding, etc., gaining knowledge about these topics will be enough to invest in Bitcoin. And they can start investing by following the DCA method. They can start like this and gain more knowledge later.

New investors think that they need to know Bitcoin in depth first, but the real priority should be understanding their personal finances, such as cash flow, backup funds, and determining the size of their initial investment position. A few minutes of chart analysis is enough to get a basic understanding of Bitcoin. It is wise to start with small positions and gradually build up confidence and investment as you learn. This is why DCA strategy and proper financial management are essential. So that it is possible to continue investing regularly.

Priority should not only be on understanding personal finances but also getting a basic knowledge of how Bitcoin investment works both are very necessary because if you don't have one of them you will suffer it and you may not have successful investment because there will be some slack. I don't understand what you mean by a few minutes of chart analysis is enough to get basic understanding, perhaps you are mistaken Investment to trading because in investment we don't have any business with analyzing charts rather that is what traders does so don't complicate or contradict things  for newbie before they start thinking on how to analyze charts.

[Sim_card]

New investors think that they need to know Bitcoin in depth first, but the real priority should be understanding their personal finances, such as cash flow, backup funds, and determining the size of their initial investment position. A few minutes of chart analysis is enough to get a basic understanding of Bitcoin. It is wise to start with small positions and gradually build up confidence and investment as you learn. This is why DCA strategy and proper financial management are essential. So that it is possible to continue investing regularly.

How does the chart has any value to add to the basic knowledge of bitcoin. Are you a trader who is trying to time the market and buy when there's a dip. A new investor does not have any business with the chart since hs is a no coiner, he is to start buying immediately irrespective of the price of bitcoin provided he has figured out his discretionary income and how much he is willing to invest fro his discretionary income that wouldn't stress him financially.

A chart wouldn't teach how to select a good exchange and open an account with them or will a chart show your how to buy bitcoin. As a matter of fact a newbie wouldn't understand anything on the chart, no need wasting time on unnecessary things that is not important. Whatever, you want to learn should be done after you have started your bitcoin investment.

[Taskford]

What are the basics that the newbie needs to learn about bitcoin before getting started?

Beginners do not need to have a degree to invest in Bitcoin, as someone mentioned above, how to buy, which wallet is safe, about long-term holding, etc., gaining knowledge about these topics will be enough to invest in Bitcoin. And they can start investing by following the DCA method. They can start like this and gain more knowledge later.

New investors think that they need to know Bitcoin in depth first, but the real priority should be understanding their personal finances, such as cash flow, backup funds, and determining the size of their initial investment position. A few minutes of chart analysis is enough to get a basic understanding of Bitcoin. It is wise to start with small positions and gradually build up confidence and investment as you learn. This is why DCA strategy and proper financial management are essential. So that it is possible to continue investing regularly.

Priority should not only be on understanding personal finances but also getting a basic knowledge of how Bitcoin investment works both are very necessary because if you don't have one of them you will suffer it and you may not have successful investment because there will be some slack. I don't understand what you mean by a few minutes of chart analysis is enough to get basic understanding, perhaps you are mistaken Investment to trading because in investment we don't have any business with analyzing charts rather that is what traders does so don't complicate or contradict things  for newbie before they start thinking on how to analyze charts.

If you can do both then provably that you might be in good position towards your plans to deal with Bitcoin for long term. I also don't get the point on why we need to consider doing chart analysis since its not actually needed when we want to invest on Bitcoin for long term. Those things they have that will complicate things as they might get scare on each movement of the market since they are always tracking each movement happened on Bitcoin.

Maybe they should take everything less stressful to them then focus on buying and better don't care much about the price so that they can focus to increase more their accumulated volumes.