Buy Buy Buy or Sell Sell Sell?

[Loyang]

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

Sir I am a new person I am learning almost everything from you, I try to read every comment of yours sir. I think in the first place a person should know about Bitcoin security, Blockchain technology and what is Bitcoin. If a person knows these things then he will be able to understand why he should invest in Bitcoin. When a person can understand these things then he will be willing to invest on his own and then he will be able to understand on his own what is needed to invest. Like wallet, how to buy and sell Bitcoin etc.

[Cossyblack]

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

I think what a newbie needed to get started is to have his/her Discretional income ready, understand the basics of Bitcoin by learning how Bitcoin works,the risk involved and also to learn how to buy Bitcoin through his/her discretional income from a preferred centralized exchanges. Whatever knowledge he/she hasnt obtained will be acquired from the experience he/she will gather after investing. The size of his/her discretional income doesn't matter as along as he/she is consistent in accumulating bitcoin for the long term.

[Alonso_]

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

I think as a newbie what I need and require to start investing in bitcoin is a discretionary income and a little details and knowledge, how to buy bitcoin and also knowing a safe wallet to hodl our Bitcoin, discretionary income is very important, because some newbies makes that mistake of investing in bitcoin with money meant for paying for their expenses which I think it’s really not an effective way of investing into bitcoin.

I think we can be learning other things while we have already started investing into bitcoin.

[Pandorak]

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.

first of all, it is important to understand why trading is not recommended, especially for beginners, as trading carries a very high level of risk and is full of pressure. Ultimately, it looks more like gambling because decisions are influenced more by emotions than careful analysis, traders think they can control the market and wait for a decline to buy, but without realising it, the opposite happens, they lose a lot of momentum to buy, which leads to regret. Meanwhile, true investors focus on the long term, with the main method used being DCA. They do not wait for a decline to buy, they understand that continuous accumulation is the best way to build a portfolio, as long as they are truly consistent and use discretionary funds to buy. The DCA method will maintain psychological stability amid market volatility. You do not need to guess the lowest price because you can continue to accumulate assets little by little and hold them for at least 4-10 years or more.

[Obulis]

many people jump into Bitcoin only after hearing about others making profit.

You arevcorrect many people dive into Bitcoin investment because they heard that people are making hudge profits from it which is not making sense, Bitcoin investment is not something you can just dive in and expect to make hudge profits within a short period of time, why because Bitcoin is not a puzzle scheme (get Rich quick something), Bitcoin investment is a game of patent and consistency you can only make reasonable profits from it when you accumulate a good portion of it and hold for Long team 4 to 10 years or more.

The news of quick profit can be so tempting to be the major reason someone would dive into Bitcoin. The truth remains that such can happen and have been happening but the difference lies in the source of the the information. I don't expect you to relate Bitcoin as a quick return investment to someone haven built to these point of seeing Bitcoin as a long-term investment by avoiding short-term temptation that somehow use to favor few people.
The best and safe info to family and friends remains becoming a Bitcoin investor instead of trader which is where the news of quick profits normally/usually comes from and also most demanding (like always targeting the always volatile market).

[MusaPk]

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.

There is famous quote from Joel Osteen that "If you want to know where you'll be five years from now, listen to what you're saying about yourself today". This holds true for Bitcoin also because if you want to get good profit from Bitcoin then you have to start gathering and holding your Bitcoins from today (if you have no Bitcoins). Five years ago in Sep 2020, price of Bitcoin was around 10k and if we go 10 years back then price of Bitcoin was around 250$ in 2015. Just imagine the profit people are getting for holding Bitcoin for 5 years or 10 years.  These proofs are enough to convince us that holding Bitcoin for 10 years are only way to get good profit from Bitcoin.    

[Proty]

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

I think as a newbie what I need and require to start investing in bitcoin is a discretionary income and a little details and knowledge, how to buy bitcoin and also knowing a safe wallet to hodl our Bitcoin, discretionary income is very important, because some newbies makes that mistake of investing in bitcoin with money meant for paying for their expenses which I think it’s really not an effective way of investing into bitcoin.

I think we can be learning other things while we have already started investing into bitcoin.

Yes as a newbie before you start accumulating bitcoin you need to determine whether you have discretionary income to invest with. If there is available discretionary income then you are set to start but if not you are not ready to start investing. Also having a basic knowledge of bitcoin will be of great help as this will guide you along the way while you increase your knowledge with time.

[JayJuanGee]

[edited out]

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

As I already outlined and explained in the above linked post, in bitcoin we are referring to compounding value, not compounding interest, since bitcoin does not earn an interest unless you custody with someone else, and we need to be careful if we are custodying our coins with someone else.

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.

Even though you are not incorrect in your outlining of the above principles related to bitcoin, since you are new here, why don't you talk about what you are doing in relation to bitcoin rather than merely spouting out abstract bitcoin theories.

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 person who is brand new to bitcoin has to have some basic information that might relate to number goes up or bitcoin is sound money or some kind of an idea regarding why he is starting to invest into bitcoin rather than putting (or keeping) his money somewhere else.

If he sees that number tends to go up, then his interest may be sparked, even if he hardly has any clue regarding why it goes up or what might cause number to stop going up... so he still might end up with some kind of a hook to get him started to figure out how he is going to source his coins within whatever discretionary income that he has, and surely the less he knows, then maybe he is merely going through the motions of figuring out how to buy the coins.. but that is after the point that he has already figured out that he has discretionary income that he is going to be able to spend.

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.

I agree with you that getting started is one of the main things, yet there still has to be some motivation to get started, and what is that going to be?  A trusted friend said something about bitcoin?  The guy heard bitcoin on the news, yet what did he hear on the news?  There likely are going to be charts involved that help the guy to figure out that oveall the number has been going up and it is likely to continue to go up.. .but there might not be a lot of confidence in whether the number is going to continue to go up, so he can still start to figure out how to start to buy bitcoin while he is studying it more, but looking at the chart may well give him some kind of confidence that something is going on in bitcoin, and it is not necessarily a bubble that is going to come crashing down soon after he starts to buy into it... but he is not going to know that bitcoin is not going to come crashing down, yet he may well be prepared for BTC price moves in either direction and that he is just figuring out his starting budget as he is learning more.. and maybe off the top of his head, he sees that he has around $5k that he could draw from some of his other investments (and/or savings) and he also sees that he could reasonably start to invest $100 per week, yet since he is getting started, he merely wants to put in around $300 and maybe invest around $30 per week while he is getting his bearings on what bitcoin is and also better figuring out his own finances, to the extent that he might not have had already created some reasonable cashflow management practices.

Of course there are layers of importance that are going to differ between folks, and some guys will already have decently strong cashflow management practices and  good ideas about their finances (like how much they might be able to afford to put into bitcoin each week), yet other guys might need to be motivated both in terms of figuring out and setting up systems to start to source their first bitcoin but then also figuring out how much they might want to start to dedicate to investing into bitcoin, whether they ONLY have their salary or if they might already have some savings and/or other investments, and some of their own personal details will affect what steps that they have to take next, which yeah, they might not have to go in depth about some of the matters as long as they figure out that they have some discretionary funds that are going to start themselves out.

Another early stage for guys might be getting some general idea about how much time and energy they are going to have to look into bitcoin, so maybe they hear about bitcoin and they figure that they have to spend a few hours figuring out how to source coins and they have to spend a few hours each week to study bitcoin, even though they may have already decided that they were going to get started, so they may well have to figure out their schedule in regards to which days (or parts of days) they are going to have available to look into bitcoin, to set up some of their buying systems and to dedicate some weekly cash amout and perhaps some weekly time amount, and if they aren't able to dedicate 1-2 hours per week to learning more about bitcoin, even if they got started, then they might not even get motivated enough to get started and leave themselves in a position of a no coiner or perhaps a low coiner if they took the initial steps to make their first $300 purchase.

I had a relative in 2016 who I had sent some bitcoin in 2014.. perhaps I had sent around $20 worth of bitcoin when BTC prices were around $350, and so he was asking me about the bitcoin that I had sent when the prices were around $700, so his money had doubled, so he personally decided to buy $300 in bitcoin, but he largely did not do anything else, except sell all of his bitcoin in about September 2017 when the price went to $3,500, so he ended up making 10x on the amount that I had given to him, and around 5x on the amount that he bought, and the punchline is that he never really did his homework or got himself into a habit of building up a bitcoin position.

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.

You are correct that newbies do not need to be worried about the price. Once they figure out that they are going to start to buy, then they may well need to mentally commit to buying and then reinforce their commitment to buy with periodic buys, such as weekly buys, yet they still have to have something that is motivating them to buy.  What is that going to be?  For each person their motivation would be different, and some guys might come into bitcoin and they are not even ready and/or willing to commit for 4-10 years or longer, yet if they get started and they study bitcoin, they might come around to understanding that bitcoin is an investment rather than a trade, yet they might not understand that point right from the very beginning... so what would be the thing that motivates them to invest into bitcoin?  most likely something related to bitcoin's price and/or value as compared with other assets, and even if they don't know the details and/or they don't need to study the charts about those details, they still might need to see some kind of a chart that compares bitcoin with other assets (0r perhaps compared to the dollar) or something that helps to give them some confidence in bitcoin to at least get started. .which getting started is an important phase, and something has to motivate newbie normies into wanting to get started.

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.

A newbie normie can see that historically the number has generally been going up, yet he might not understand if the number is going to continue to go up. yeet he might still come to a general conclusion that the number is likely to continue to go up into the future, even though some folks see some bitcoin charts and the presume that it is going to crash any moment.. so they come to wrong conclusions based on their having had looked at some bitcoin price chart(s).

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

Sir I am a new person I am learning almost everything from you, I try to read every comment of yours sir. I think in the first place a person should know about Bitcoin security, Blockchain technology and what is Bitcoin. If a person knows these things then he will be able to understand why he should invest in Bitcoin. When a person can understand these things then he will be willing to invest on his own and then he will be able to understand on his own what is needed to invest. Like wallet, how to buy and sell Bitcoin etc.

You believe that a person needs to know those things that you mentioned prior to getting started investing into bitcoin?

[ruykeri]

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

I think as a newbie what I need and require to start investing in bitcoin is a discretionary income and a little details and knowledge, how to buy bitcoin and also knowing a safe wallet to hodl our Bitcoin, discretionary income is very important, because some newbies makes that mistake of investing in bitcoin with money meant for paying for their expenses which I think it’s really not an effective way of investing into bitcoin.

I think we can be learning other things while we have already started investing into bitcoin.

You are right, in fact, to invest in Bitcoin, you must first have discretionary income. And you must have the ability to acquire knowledge. And that is, of course, maximum in humans. After that, you need to create a basic idea about Bitcoin for investment. The most important things to keep in mind when investing are Volatility, long-term vision,  DCA(Dollar-Cost Averaging), risk management, security. If you invest patiently for 4 to 5 years, the possibility of making a profit is much higher. Every 4 years ends in a cycle. After that, the price of Bitcoin increases a lot. Which has happened in the past. So everyone should invest for at least 4 years after investment and complete a halving time .

[Obulis]

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

Sir I am a new person I am learning almost everything from you, I try to read every comment of yours sir. I think in the first place a person should know about Bitcoin security, Blockchain technology and what is Bitcoin. If a person knows these things then he will be able to understand why he should invest in Bitcoin. When a person can understand these things then he will be willing to invest on his own and then he will be able to understand on his own what is needed to invest. Like wallet, how to buy and sell Bitcoin etc.

You believe that a person needs to know those things that you mentioned prior to getting started investing into bitcoin?

Ordinarily, the outlined basics @Loyang is already sounding like many months in the class learning about Bitcoin without investing. Talking about basic, I guess it shouldn't be so technically demanding like the outlined above. More also, wondering why knowing the outlined @Loyang would be the only reason for someone to understand why to invest in Bitcoin. Does it mean that not knowing most of the outlined one won't understand why to invest in Bitcoin?

[HajiBagi]

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

I think as a newbie what I need and require to start investing in bitcoin is a discretionary income and a little details and knowledge, how to buy bitcoin and also knowing a safe wallet to hodl our Bitcoin, discretionary income is very important, because some newbies makes that mistake of investing in bitcoin with money meant for paying for their expenses which I think it’s really not an effective way of investing into bitcoin.

I think we can be learning other things while we have already started investing into bitcoin.

The first thing a newbie should know about bitcoin is how to secure their bitcoin and protect their wallet at all costs. This is very important because there are many people outside who are doing everything they can to ruin people's lives by scamming them. The second thing a newbie should understand is that Bitcoin is a long-term investment, bitcoin is not an investment that you should invest today with the expectation that the price will rise in the next month or year; rather, bitcoin should be considered a long-term investment.

The newbie should understand that bitcoin is an investment in which the investor must be patient. Patient is an important factor when holding bitcoin because some newbies are not patient when they see the price of bitcoin falling, some will decide to sell because they do not want to lose their money; if you are not patient, you can not to hold bitcoin for an long period of time. These are some of the things a newbie should know before investing in bitcoin.

[Lidger]

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.

If an investor plans to invest and his favorite coin is Bitcoin, then I think he should not delay investing in Bitcoin if he has the ability, but should continue investing in Bitcoin as soon as possible. Many people say that before investing in Bitcoin, investors should definitely know about investing in Bitcoin, understand the market, observe the chart well, or try to understand the momentum of the candles. I think those who trade will understand these things well, but an investor does not really need to know so much. If an investor has the basic concepts of investment, he can start his investment journey and step by step he will be able to learn about all those things when he needs to know about the investment. I think that at this time, if we do not invest in Bitcoin even after knowing about Bitcoin, it will be foolish for us and we will regret this foolishness a lot in the future.

[ManOfSteel2412]

As a beginner the first objective should be creation of a stable/consistent stream of income, the second should be acquiring a good knowledge about investments as one cannot know/have all the knowledge about investments, the 3rd is to get acquainted with the risks involved and how to minimise losses because losses are inevitable but can be minimized and finally is to take the bold step and invest, utilizing your knowledge on investment.

[SmartCharpa]

As a beginner the first objective should be creation of a stable/consistent stream of income, the second should be acquiring a good knowledge about investments as one cannot know/have all the knowledge about investments, the 3rd is to get acquainted with the risks involved and how to minimise losses because losses are inevitable but can be minimized and finally is to take the bold step and invest, utilizing your knowledge on investment.

You don’t need to have a stable income before you start investing. Anyone can invest in Bitcoin as long as it’s money you can afford to lose or money that won’t affect your other financial needs. The most important thing for newbie’s to understand is that Bitcoin is not a get rich quick scheme. If your mindset is focused on chasing quick gains, you will end up losing your hard earned money. Real investors always think long-term because they understand the risks involved.

Having knowledge about what you’re putting your money into is also very important. With the right knowledge, you will be familiar with the risks and understand that the best way to invest in Bitcoin is to hold it long-term in a way that keeps you comfortable. Without that knowledge, you can easily be misled by traders into chasing quick profits, which could cause serious losses.

[Stable090]

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 disagree with you that short term holders don’t make money, the only thing which I will say is that it’s kind of risky, and the chances of you making money is less. You might buy bitcoin and if you are lucky, the price might start pumping and you going to take your profits, but things like this don’t often happen, so it’s just better to hold for long term whenever you are planning to invest in bitcoin. If you have short term plans, bitcoin might be down when you will want to sell it, but if you can hold bitcoin for like 10 years, it’s not possible for you tell sell at loss if you will be selling it.

[Bigjoe33]

As a beginner the first objective should be creation of a stable/consistent stream of income, the second should be acquiring a good knowledge about investments as one cannot know/have all the knowledge about investments, the 3rd is to get acquainted with the risks involved and how to minimise losses because losses are inevitable but can be minimized and finally is to take the bold step and invest, utilizing your knowledge on investment.

Creation of stable and consistent income is cool, but your income flow must not be soolid and or stable enough before you must invest. This is because waiting to create consistent and stable income before investing in Bitcoin might take you months or so trying to figure something substantial, and this will delay you or keep you out of accumulation and your desired target. Don't forget that while you are working out modernities to create a stable income flow, you wouldn't be investing, and nothing is saved to you portfolio, and you know how it is, time Waits for nobody. Since Bitcoin is also very volatile, it might even climb higher than it is presently.

So the thing, having figured out what your expenses are weekly or so, or taken care of your expenses, you can easily use the DCA strategy to accumulate Bitcoin from your discretionary income( money left after you have settled basic needs). With this way, you don't have to wait for a very stable and consistent income before you start your investment journey. With this method, you can gradually begin to accumulate Bitcoin no matter how little it is, while you also plan out for more better stable and or consistent income source which will help you to increase you discretionary, thereby also increasing your purchase of Bitcoin subsequently.

The emphasy is on,, you must not have a stable and consistent income before you invest, start with the little discretionary income you have, and keep accumulating Bitcoin. Time Waits for nobody

[Byebyebtc]

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.

Well you to know that you need to have the knowledge of the chart as someone who is investing, is not all about belief that the coin will constant go up, but at least an investor should know the right time to invest in any coin
You don't just buy like that there should be at least risk management not because the coin will change trend but because of your emotions, sometimes retracements are dip and it gives some investors anxiety and fear,

But if you understand the chart enough to know that you will have to buy when the coin is in a retracement, you bought well one even if it will go lower you certainly know that it will still push back up

But if there is another that knows nothing about the chart and buys at the wrong time probably at a high, when it's time for retracement your present equity will be red for a very long time lol

The point is that you need to have knowledge about the chart and also Have a skeletal analysis of what your in investing on, at least the high and the retracement

Wait for the dip... buy and hold

[Byebyebtc]

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.

Yes of cause you don't need to know everything about investment before you start investing
It's a process of learning, you can start with a little amount of money first then as time goes on as you begin to learn more about the investment you can be invest a larger amount of money
But before any one starts at least they should know the basic things about the coin like but at the dip and hold

But just starting without knowing any thing concerning the coin is just gambling.

[Byebyebtc]

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

Sir I am a new person I am learning almost everything from you, I try to read every comment of yours sir. I think in the first place a person should know about Bitcoin security, Blockchain technology and what is Bitcoin. If a person knows these things then he will be able to understand why he should invest in Bitcoin. When a person can understand these things then he will be willing to invest on his own and then he will be able to understand on his own what is needed to invest. Like wallet, how to buy and sell Bitcoin etc.

You will actually learn a lot of things in this forum, even better than what somebody else out there will tell you
this is because the information in this forum are out of experience and at purely day today life in Bitcoin
From the updates to the trends and even to the best strategy that help you, and it's also importance to know the right time to invest your money which is at the point of retracement in the market
Also the most important part that you will learn it how to be discipline and also how to stabilize your emotions, this forum is fully equipped with all the information you need in your bitcoin journey, you just have to calm down and read the most important posts it might be a challenge should find them but anyone you come across we'll certainly teach you something

[Stormisover]

As a beginner the first objective should be creation of a stable/consistent stream of income, the second should be acquiring a good knowledge about investments as one cannot know/have all the knowledge about investments, the 3rd is to get acquainted with the risks involved and how to minimise losses because losses are inevitable but can be minimized and finally is to take the bold step and invest, utilizing your knowledge on investment.

You are welcome mate it is obvious that you are new here even though you have been registered since January. In a nutshell there has been lot of repeatation in our discussions regarding to your teaching and I wish you were able to give relevance to reading from previous  pages for more learning but however, it has been said that everything not can be perfect including all that you made mentioned before anyone can start investing in Bitcoin, primarily it is important to have a basic knowledge of Bitcoin and figuring out if there is a discretionary income to invest every other things can be learned an improve along the line including your finances and the rest of them. As beginner the first objective should be getting the basic knowledge of Bitcoin and not even creation of stable/consistence income just as you stated, and I wonder how can someone who hasn't bought Bitcoin can get acquainted with the risks involved because all of this can only be gotten only if you are already accumulating Bitcoin.