The role of Experience in Bitcoin accumulation.

[Bigjoe33]

Some of the points that has made so many newbies or potential investors not to have started there Bitcoin investment journey are common factors such as..
*Am waiting for the perfect time to start.
*I want to learn everything about Bitcoin, how it works and how it is operated before I start.
*I don't have enough money to buy Bitcoin now, so I want to make enough money first.
*Once I get a new job and get a very fat pay slip, then I can start.
*Am afraid, I don't want to loose my hard earned money online, etc

There are so many other common reason interested persons will give that has made them not to have started there accumulation journey. But I keep asking, can we know everything at once? Even if they pay someone to teach them, can they learn everything? Nobody even knows it all. Everyday people are learning, and so wanting to learn everything about Bitcoin before you start investing in Bitcoin is an idea to waste more time, which is really not a good idea because time waits for nobody, and the more time you waste, the more likely the price might keep increasing in the market.

Take the forum for an example, when you first registered here, everything seemed scattered, hard and not clear, but the more we engaged in reading and posting, and the more time we spent here, we started understanding how it works, it's rules, and how to navigate the forum properly and also add value. This is where EXPERIENCE comes in. There are so many things only experience can teach us. We can learn a whole lot of things while we are already into Bitcoin investment rather than wait to know everything first before starting.

The point is, as long as a newbie or a potential investor can figure out his discretionary income, and has the basis knowledge that Bitcoin is not steady but fluctautes(increase and decrease in market price), then such an investor is good to go. Every other thing can be learnt alongside the investment process. This keeps you already in the market and already a Bitcoin holder while you also learn simultaneously.
It is also better one starts with the DCA strategy as it allows you to invest within your means without pressure, while also seeking for more income opportunities and also trying to build up your emergency funds and other back up funds gradually. And most importantly too, one also has the prevelige to increase the DCA amount when income and/or discretionary income increases.

Waiting to know everything or get financial stability is a wrong idea as it will only waste your time and keep you out of investment. The best time to start is Now, and experience will do so many other teaching.

[Donk1]

Well if I may say you are correct the DCA strategy has actually been  a good solution to this ideal of fear investing that most persons have, because time waits for no man so when you see an opportunity  I suggest you take it.Then again, true, most of what you said are the causes of what made so many people decide not to invest in Bitcoin. But your first point, fourth, and last points are correct, but the remaining aren't. Here is why ,Firstly the reason I said so was because the lack of knowledge of how Bitcoin works has led too many investors to giving up on Bitcoin and then they call it a scam because they were not prepared to learn.Second if you don't have enough money and you invest in Bitcoin you might be dooming yourself  because it's said to start small, but they never said if you don't have enough money you can invest in Bitcoin Unfortunately if a person does that who can tell ?the fact that it was his or her last cash definitely that might even make them sell when the market goes downward.that is why the principles of investment only States that always invest what you can afford to loose.Overall DCA can probably solve all of this yes I know, but if he or she has no idea of how the DCA strategy works how will they implement it? Well That's just it.

[Jubilee58]

Some of the points that has made so many newbies or potential investors not to have started there Bitcoin investment journey are common factors such as..
*Am waiting for the perfect time to start.
*I want to learn everything about Bitcoin, how it works and how it is operated before I start.
*I don't have enough money to buy Bitcoin now, so I want to make enough money first.
*Once I get a new job and get a very fat pay slip, then I can start.
*Am afraid, I don't want to loose my hard earned money online, etc

There are so many other common reason interested persons will give that has made them not to have started there accumulation journey. But I keep asking, can we know everything at once? Even if they pay someone to teach them, can they learn everything? Nobody even knows it all. Everyday people are learning, and so wanting to learn everything about Bitcoin before you start investing in Bitcoin is an idea to waste more time, which is really not a good idea because time waits for nobody, and the more time you waste, the more likely the price might keep increasing in the market.

Take the forum for an example, when you first registered here, everything seemed scattered, hard and not clear, but the more we engaged in reading and posting, and the more time we spent here, we started understanding how it works, it's rules, and how to navigate the forum properly and also add value. This is where EXPERIENCE comes in. There are so many things only experience can teach us. We can learn a whole lot of things while we are already into Bitcoin investment rather than wait to know everything first before starting.

The point is, as long as a newbie or a potential investor can figure out his discretionary income, and has the basis knowledge that Bitcoin is not steady but fluctautes(increase and decrease in market price), then such an investor is good to go. Every other thing can be learnt alongside the investment process. This keeps you already in the market and already a Bitcoin holder while you also learn simultaneously.
It is also better one starts with the DCA strategy as it allows you to invest within your means without pressure, while also seeking for more income opportunities and also trying to build up your emergency funds and other back up funds gradually. And most importantly too, one also has the prevelige to increase the DCA amount when income and/or discretionary income increases.

Waiting to know everything or get financial stability is a wrong idea as it will only waste your time and keep you out of investment. The best time to start is Now, and experience will do so many other teaching.

The truth is that, one cannot actually know everything about bitcoin before starting Bitcoin investment and at the same time having some basic knowledge of bitcoin is equally very necessary before venturing into bitcoin investing, like knowing how bitcoin works, how to buy bitcoin, where to buy bitcoin and possibly know how to keep your bitcoin safe, when you have this basic knowledge, as time goes on some other things can be learned as you are already in the bitcoin business or investment.

It will surprise you to know that there are some people who are hearing about bitcoin but they don't know how and where to purchase it? So there are people who have zero knowledge of what bitcoin is all about, but when an experienced person happens to put them through, they can actually do well.

Having an experience in bitcoin investing gives you an edge in bitcoin investing, it separates you from the newbies, as an experienced bitcoin trader or investor, you are a mentor to the newbies and your role can actually change their mindset and mentally on how they should approach the bitcoin market.

[NewRevelation]

Well if I may say you are correct the DCA strategy has actually been  a good solution to this ideal of fear investing that most persons have, because time waits for no man so when you see an opportunity  I suggest you take it.Then again, true, most of what you said are the causes of what made so many people decide not to invest in Bitcoin. But your first point, fourth, and last points are correct, but the remaining aren't. Here is why ,Firstly the reason I said so was because the lack of knowledge of how Bitcoin works has led too many investors to giving up on Bitcoin and then they call it a scam because they were not prepared to learn.Second if you don't have enough money and you invest in Bitcoin you might be dooming yourself  because it's said to start small, but they never said if you don't have enough money you can invest in Bitcoin Unfortunately if a person does that who can tell ?the fact that it was his or her last cash definitely that might even make them sell when the market goes downward.that is why the principles of investment only States that always invest what you can afford to loose.Overall DCA can probably solve all of this yes I know, but if he or she has no idea of how the DCA strategy works how will they implement it? Well That's just it.

Well, you are right with your points. But on that part of an investor investing with his last cash and that it will definitely make him even sell more quickly, am still trying to place that. The point is that investors should use there discretionary income not there last cash I'm investing. Am still trying to figure out what I could refer to as last cash.

If we follow the concept of discretionary income, it means the left over money after ok me must have settled all basic necessities, and this money left is what is called discretionary. It is with this money you can invest in Bitcoin, wether using DCA strategy, wether Buying the Dip or a lump sum, using your discretionary income to buy makes your investment journey less worrisome and peaceful. So if this is done, there wouldn't be need to worry about wether you use your last cash or not since you have properly settled basic needs and at the same time aslo gradually building all other back up funds

[Youngrebel]

Bitcoin investment needs allot of clarification and knowledge  before anyone can enter. I am of the school of taught that anyone who has in mind to invest should atleast get an already experienced in bitcoin talk to properly school you on all the details that you need. Get to know the risks and benefits, when to and when not invests amongst allot of things that you need to know in the bitcoin world before  investing.

[I_Anime]

Bitcoin investment needs allot of clarification and knowledge  before anyone can enter. I am of the school of taught that anyone who has in mind to invest should atleast get an already experienced in bitcoin talk to properly school you on all the details that you need. Get to know the risks and benefits, when to and when not invests amongst allot of things that you need to know in the bitcoin world before  investing.

You don’t need to be in this bitcoin forum to start accumulating bitcoin you can start anytime and any where just aslong you understand the basic then you are good. You don’t have to start going after advance bitcoin knowledge just to start your investing , once you can buy bitcoin from trust worthy source like exchanges (not too safe there)  but still is preferable . And also know how to store your coin properly then you good to go .

[Silverstonez]

All the things you have mentioned are the exact reason a lot of person's have not yet started with bitcoin, because there are a lot of person's out there who are still looking for a perfect time to start with bitcoin and that's why they haven't get started yet, but sincerely speaking there is no perfect time to get started with bitcoin, you can get started anytime provided your discretionary income is made available, and those people who are still in doubt of bitcoin, saying that what if they loose their hard earned money, still lack knowledge about the history of bitcoin, because assuming they have good knowledge on bitcoin history, they could have known that bitcoin has already proven to be a store of value with potential returns.

[Slimzeee]

One thing I’ve come to understand about life, hustle, work, and relationships is that we all learn on the job. You might see an elderly man or woman and assume they’ve had a lot of life experience, but the truth is, they’re also living each phase of life for the first time.

Investing in Bitcoin doesn’t have a perfect time or require perfect prior knowledge, per say This isn’t advice to throw money into anything that sounds profitable, but you might never take the leap if you’re too focused on knowing everything before you start

what is important is doing your personal research and ensuring you are investing what you can afford to lose for a start. The other knowledge and navigation techniques will follow suit.

[DPHOR]

Some of the points that has made so many newbies or potential investors not to have started there Bitcoin investment journey are common factors such as..
*Am waiting for the perfect time to start.
*I want to learn everything about Bitcoin, how it works and how it is operated before I start.
*I don't have enough money to buy Bitcoin now, so I want to make enough money first.
*Once I get a new job and get a very fat pay slip, then I can start.
*Am afraid, I don't want to loose my hard earned money online, etc

You could be right but sometimes it may not be what we are thinking that is holding many people not to invest in bitcoin, some could be that they don't just like it and other factors. I have been in a midst of people talking about digital currencies how much they made from few years back and so on.. Then someone replied among them saying that "we don't know what we are doing that all these online are all Ponzi scheme and more like gambling, that it would crashed one day just as MMM did and many people looses their fortune from that investment scheme" But I tried drawing him closer to narrow down how things work be he persistently saying that he doesn't have any interest to waste his money on irrelevant things. See you that the reason of that person doesn't even rates to above things you have mentioned right? Yes, there could be some other people who may also have their personal reasons why they aren't being moved to make investment digital currencies and not only bitcoin.

[Marvelockg]

Waiting to know everything or get financial stability is a wrong idea as it will only waste your time and keep you out of investment. The best time to start is Now, and experience will do so many other teaching.

As an investor, there is no way you can learn everything there is to be learnt about bitcoin. even when you are already some couples of years into bitcoin, there is still going to a lot you are going to continue learning along the way and that is what staying invested in bitcoin comes with.

no matter how experienced you are as an investor, the reality still remains that whenever the market is reacting towards a certain direction, your response to it might not necessarily show that you are so much of an old timer in bitcoin investment. you learn everyday and that is part of the reason why you have to get started in your investment and be ready to continue learning along your investment journey.

[PremiumcryptoHub]

Bitcoin investment needs allot of clarification and knowledge  before anyone can enter. I am of the school of taught that anyone who has in mind to invest should atleast get an already experienced in bitcoin talk to properly school you on all the details that you need. Get to know the risks and benefits, when to and when not invests amongst allot of things that you need to know in the bitcoin world before  investing.

To my knowledge, investing in Bitcoin does not require a lot of clarification and you don't have to acquire knowledge from any specific school, just basic knowledge, but experience plays an important role in Bitcoin accumulation, because of the technical complexity and to determine the right strategy, we may need to gain experience in trading or investing. Moreover, like other investments, you need to keep an eye on how this BTC investment is performing, because we all know that the Bitcoin market is not very transparent. Moreover, to dive into Bitcoin investment, we need to understand the nature of the digital gold market, that only experience can teach.

[DaNNy001]

Bitcoin investment needs allot of clarification and knowledge  before anyone can enter. I am of the school of taught that anyone who has in mind to invest should atleast get an already experienced in bitcoin talk to properly school you on all the details that you need. Get to know the risks and benefits, when to and when not invests amongst allot of things that you need to know in the bitcoin world before  investing.

You may not need to acquire additional or advance knowledge to start investing in Bitcoin, Still experience plays an important role in Bitcoin accumulation because of the technical complexity and to determine the right strategy, we may need to gain experience in trading or investing.

There is no big deal with the type of knowledge you have when you want to invest in Bitcoin, with just the basic knowledge of Bitcoin you can start up your investment and even do it effectively more than even someone having all the basic knowledge about Bitcoin because Bitcoin investments require more knowledge about your basic saving capabilities and also a principled mind with the acceptance of the fact that whatever means you want to start that at the end your plans on investments should be on long term investment.

[Hyphen(-)]

Some of the points that has made so many newbies or potential investors not to have started there Bitcoin investment journey are common factors such as..
*Am waiting for the perfect time to start.
*I want to learn everything about Bitcoin, how it works and how it is operated before I start.
*I don't have enough money to buy Bitcoin now, so I want to make enough money first.
*Once I get a new job and get a very fat pay slip, then I can start.
*Am afraid, I don't want to loose my hard earned money online, etc

Waiting to know everything or get financial stability is a wrong idea as it will only waste your time and keep you out of investment. The best time to start is Now, and experience will do so many other teaching.

All these points are for people who will never invest anytime soon because the reasons they are mentioning will never end; the money you are keeping will have another problem soon because it seems like when you have money you are saving, problem will come and you will use the money to solve the problem.

However all these excuses are not valid, if you want to invest in Bitcoin, just do that, the little amount of money you have is enough for you to start, you don’t need big money to start your Bitcoin investment journey, small amount is enough to buy now, and keep accumulating using the DCA method when more money comes, and you will be happy with the outcome after some time.

Moreover, waiting for dip might not favor you, it might not come as you expect or the time it will come will the time you do t have money to invest; therefore, use every opportunity that come your way to buy your Bitcoin.

[Frankolala]

There is no big deal with the type of knowledge you have when you want to invest in Bitcoin, with just the basic knowledge of Bitcoin you can start up your investment and even do it effectively more than even someone having all the basic knowledge about Bitcoin because Bitcoin investments require more knowledge about your basic saving capabilities and also a principled mind with the acceptance of the fact that whatever means you want to start that at the end your plans on investments should be on long term investment.

The best knowledge is by practice because it's only through practice that you will have the experience. What this implies is that, you should start your bitcoin investment with only the basic knowledge of bitcoin and your discretionary income. You can learn whatever, you feel is important by learning and having experience in the market as you are investing. However, you have to invest in a long term for broader knowledge and high level of experience.

[AYOBA]

Bitcoin investment needs a lot of clarification and knowledge before anyone can enter. I am of the school of thought that anyone who has in mind to invest should at least get someone already experienced in Bitcoin to properly school you on all the details that you need. Get to know the risks and benefits, when to and when not to invest, and a lot of other things that you need to know in the Bitcoin world before investing.

Yeah, that is just the facts about the Bitcoin investment, but people think that is only a trading that deserves enough knowledge, and that's why we can see some people will just jump into the Bitcoin investment without proper knowledge, especially newbies, which is why most of them fail. Whenever they introduce themselves to the Bitcoin investments, they lose all their money. Because their lack of experience about Bitcoin.

We all know that the risk that is involved in the Bitcoin investment is not up to the trading, but it is good for anyone who wants to introduce themselves to Bitcoin to have enough knowledge so that they won't find anything difficult in terms of investments.

[Lembo69]

Firstly, investing in Bitcoin does not require great knowledge, secondly, it does not require a lot of wealth or money to invest. Only their strong willpower and mental strength are enough for investment. If someone has a sensible income, he can easily invest from there through the DCA strategy. And he can also keep an emergency fund. Investing only takes the amount of money that is left after your expenses. You will be able to invest from the money that is left after meeting your daily life needs.

There are many investors who want to delay their maximum investment, and there are also those who are afraid to invest in the online world, just for fear of losing their money. But there is a morning after fear, victory. So investing without fear will be the right thing to do, but it is completely his personal desire, I think if anyone wants to enjoy his future beautifully, he should invest. And of course, he should invest in a reliable currency like Bitcoin. Because if you invest in Bitcoin, which is known as the best currency of the present time, you must invest in it with discipline and a long-term investment plan.

[SatoPrincess]

Waiting to know everything or get financial stability is a wrong idea as it will only waste your time and keep you out of investment. The best time to start is Now, and experience will do so many other teaching.

Well said! I dey always talk am say you fit don miss bitcoin early days the next best time to buy bitcoin is now. Once you sabi the basics of how to buy and hodl your coins for the right wallets you dey good to go. To learn about this aspect of bitcoin no go take pass 2 days max

[Bright0515]

Bitcoin investment needs allot of clarification and knowledge  before anyone can enter. I am of the school of taught that anyone who has in mind to invest should atleast get an already experienced in bitcoin talk to properly school you on all the details that you need. Get to know the risks and benefits, when to and when not invests amongst allot of things that you need to know in the bitcoin world before  investing.

You can as well begin your investment with just a little know about Bitcoin. First thing you . Just know is that Bitcoin is not a get rich quick scheme or a ponzi scheme either, and you must have the thought of investing for a long term. Then after that, you know how to buy and the best wallet to accumulate your Bitcoin into. After successfully purchasing your Bitcoin,
then you focus on security, how to properly secure your Bitcoin investment from hack and from scammers. These are the major things one need to look into, and you can do this by yourself through making research online. But you must be smart so that you done get scammed because there are many scammers looking for newbies to scam.

[Ocn19]

Bitcoin investment needs allot of clarification and knowledge  before anyone can enter. I am of the school of taught that anyone who has in mind to invest should atleast get an already experienced in bitcoin talk to properly school you on all the details that you need. Get to know the risks and benefits, when to and when not invests amongst allot of things that you need to know in the bitcoin world before  investing.

You don’t need to be in this bitcoin forum to start accumulating bitcoin you can start anytime and any where just aslong you understand the basic then you are good. You don’t have to start going after advance bitcoin knowledge just to start your investing , once you can buy bitcoin from trust worthy source like exchanges (not too safe there)  but still is preferable . And also know how to store your coin properly then you good to go .


Experience is gotten from a regular practice. To accumulate Bitcoin,  one need to have prerequisite knowledge of Bitcoin and it's rules and regulations. While a little knowledgeable and you is needed to start the same thing about Bitcoin business, experience from regular practice is needed to accumulate Bi since experience is a good teacher, it'll teach one how to accumulate and make profit in Bitcoin

[Jostern]

Having a basic knowledge is very important when investing in Bitcoin, because first of all when you hear about Bitcoin you should know that isn’t a crypto scam, like most people usually think that Bitcoin is a scam, that is the first knowledge that is understandable, then learning what platform to buy Bitcoin is also very essential and important, I have been following and buying and accumulating bitcoin for a very long term I have come to understand that buying and holding bitcoin for a maximum of two circle is very good which is why we have to always endeavor to buy bitcoin consistently.

Having that knowledge to hold bitcoin for a long term, and also having that understanding to keep holding for two circles, and also having that sustainability mindset and to keep holding and also building an emergency fund and reserved funds.