Topic: Buy the DIP, and HODL! - page 316. (Read 123703 times)

those that are still procastinating. Saying that they want to accumulate good knowledge about bitcoin before they would start accumulating BTC to their portfolio. Just keep deceiving yah self according to Mayor of ogba ones you know the basic of bitcoin you can start accumulating bitcoin. As you're learning more about this btc at the same time be accumulating so that you won't missed out and end up regretting shit. Though is good to have good knowledge about bitcoin but don't let it affect your accumulating mostly those that are in this forum that haven't started holding BTC. It would being a shame missing such great life changing opportunity, yes bitcoin is not a get rich quick scheme. But as time goes on it can make a big positive changes In Your finance stats. And you don't need to start big if you don't have the funds you can start small and use DCA strategies to build a better portfolio for yourself. And alway have an emergency funds to coverup your expenses.

If you don't actually have a good source of income that would be a big issue when It come to accumulating and holding. Because even when you manage to buy some certain quantities of bitcoin and you don't have sources that you can get your emergency funds that investment you made would later be taken as that emergency funds. Meaning that you won't be able to exercise good patient with your investment you would being in ease to sell it because of the expenses in surrounding yah. Sir as an investor you got to prepare for anything and you must have a good source to sustain that investment.

Anything utter from the main purpose of this thread which is to buy Bitcoin and HODL it can make someone go astray especially when that person is a newbie in the Bitcoin community, everytime I give myself opportunity to read through this thread am suprised to see how people will still think of chosing trading over HODLing because that's same thing as saying gambling can make you rich overtime because that's the same way I see people trying to relate Bitcoin investment to trading.

The knowledge shared here is just something else and if anyone is thinking of making it in their course of having Bitcoin as an investment then this particular thread and all the knowledge and correction from JJG would practically go along way because I have also learnt a lot here and please don't ever relate Bitcoin investment to trading because you might end up just getting all tangled up.

I think that this has already been over emphasize, in the sense that, you need basic knowledge to know how to accumulate Bitcoin through the DCA method and a deeper knowledge to know all it entails on how to hold firmly like having an emergency fund and another source of income,  because the way we have over flog this, even a ten year old child will get a clearer picture of what we are saying.
But the sad reality is that most of the newbie's that should here in this particular discussion thread so as to know how to navigate their way in Bitcoin investment are just wasting away in off topic discussion.

Investing in bitcoin does not mean you must have adequate knowledge before you start accumulating it. Once you have the basic knowledge about bitcoin and also understand that bitcoin is not a get-rich-soon scheme, you are good to start your bitcoin journey because bitcoin doesn't require much knowledge to hold it for the long term. Before you start your bitcoin accumulation journey, make sure you have a source of income that will enable you to keep an emergency fund that you will use to settle your financial needs, so that you will not depend on bitcoin investments to settle them.

Why would you think about trading instead of long time investment, I don't know your perception on trading but believe me is not how you envision it to be, however you seem more like someone who doesn't really understand anything about trading you are talking about and the risk involved, perhaps that's the reason why most people especially the new ones get into trouble because they see Bitcoin as an easy way to make money through trading without knowing the risk involves, perhaps the earlier you change your narrative on Bitcoin the better for your Bitcoin journey because as a new person on Bitcoin investment all you should have been thinking is how to invest on Bitcoin and hold for a long time, however DCA strategy is actually there to guide you all through even when you don't know much Bitcoin investment because that's the only way you can be free from losing your investment through trading you were emphasizing on.

As far as bitcoin is concerned, to me personal advise in terms of investment is the best, most advisors will lead you astray if you allow them, what you need is to actually understand the basic concept, know what you what, buy with the amount you have, don't be act as if you been forced to, but doing this as soon the fund is available will place you ahead on your Bitcoin journey, but when buying make sure that you don't buy with all left, if you you decide to buy with all the available fund have an existing earnings that can sustain you throughout your long-term holding journey to avoid being a fast seller.

You are trading and not long term investing, and also you are likely going to have fun staying poor if you cannot even tolerate some small amount of BTC price increase without being tempted to sell.  Either your mental framework is messed up, or your budget is messed up or maybe you don't understand bitcoin.. or perhaps a combination of all three of those dynamics going on with you.


Maybe if you have been in bitcoin for 1.5, 2 cycles or more, then maybe you could start to get into some kind of cycle in which you are no longer accumulating BTC through buying.

Another possibility might be if you came into bitcoin and maybe you invested several years of your annual salary/expenses into bitcoin, then maybe you might get into a kind of phase in which you have enough bitcoin or that your BTC holdings are set up in such a way that you might want to start to shave off some BTC when the BTC price goes up.. and maybe in these cases, you might even need your BTC to be several times in profits.. not merely having had gone up 30% to 60% or whatever lower levels of profit taking that you seem to be suggesting to be prudent/reasonable.


Are you a psyop?  Trying to get guys to sell their BTC way too soon, and talking about trading and having lame theories in which you seem to fail/refuse to recognize and appreciate the value of bitcoin as a long term investment?  Yes, sometimes profits come 4-10 years or longer down the road, and for some people they might need to invest 15 years or more prior to having had gotten to a stage in which they might be able to start to take profits... so you are misleading people and likely even the wrong thread if you are spreading these kinds of misleading ideas about the need to take profits, when taking profits too early may well screw someone up. .especially if someone might want to get to fuck you status, and if they are always taking profits, they are most likely never going to get even close to that point.. .


You sound lost and short-term oriented.  Profits can come in the longer term, and there is no reason to spend a lot of time thinking about your level of profits until maybe you get into a part of your life that you might start to either live off your bitcoin or to have your bitcoin supplement your other cashflows... so that is surely not centrally focused on profits, even though in the long run you are going to have good chances to not only be in profits, but to have some of your BTC holdings with a lot of exponential growth and compounding profits that would not even be close to achievable with any kind of policy/practice of either focusing on profits or regularly withdrawing profits in order to hold your supposed profits in some kind of an asset or currency that is less valuable than just keeping your value in BTC and riding the various price waves that are most inevitably going to be along the way.  There is a battle in bitcoin and volatility is likely one of the most inevitable aspects of bitcoin, and the way to deal with volatility is not necessarily fucking around with getting in and out but instead ongoing buying until you reach such a state that maybe you put yourself in a better place to deal with the volatility at various places down the road with multiple doublings, compounding and likely profits that are not guaranteed but still good to prepare for those possibilities through various accumulation and holding techniques..


Part of the problem is that you don't know the peak until way afterwards.

Another part of the problem is that your holdings might not be in a position to be fucking around with selling.. but only you are in a position to know if you have accumulate enough or even overly accumulated in such a way that gives you the luxury of selling.. when you may well be in accumulation stages.

Another problem if you are selling on the way up then you have to figure when to buy back, so even if you have enough BTC, you have to still be careful not to sell too much because the price might not come back down and if you sell too much along the way up, you might get anxious about various points to buy back... not easy but not impossible.. but also you should likely still get to a point that you have too much BTC.

It is not easy to come up with any examples for selling for guys who got into bitcoin in 2023 or later, but there could be some scenarios for guys who got into bitcoin in 2021 or 2022, and even in those scenarios, there likely would have been a decent amount of BTC accumulating going on during 2022 and 2023 and perhaps even overly accumulation during those times.

So maybe if a guy come into bitcoin towards the top of the price in 2021.. and surely in 2021 we had two tops of the price, so there could have had been some difficulties during that time.. and so maybe if someone had an investment portfolio of $100k in early 2021 and so he was accumulating through most of 2021 and expecting BTC prices to go up to $100k, so then maybe he ended up investing around $20k into BTC (at a rate of about $260 per week) during that time between 2021 and mid 2022.. and he ended up accumulating close to 0.5 BTC (so average cost per BTC would be around $40k) but then the BTC price kept dipping after mid 2022.. and even though he was running out of money he kept buying BTC.. . 

So from July 2022 until present he pretty much ran out of money and largely had reached his investment target of 15% of his investment portfolio invested into BTC had to reduce the amount that he was purchasing down to $107 per week, and so between July 2022 and now, he had invested another $9k into bitcoin and he had accumulated right around another 0.36 BTC.

So his total amount invested right now is right around $29k, and he has about 0.86 BTC (currently worth right around $36,980 - and his average cost per BTC is right around $33,721), and so maybe he is feeling slightly over invested since his target was to have 15% of his investment portfolio in BTC and his allocation is currently a bit higher than 15%.. not just concluding from BTC's appreciation and his being in profits but also just going by the $29k that he had already invested.. so he is having some dilemma about his ongoing investment into BTC even though at this time he continues to buy BTC at $107 per week... so if he is still accumulating, there could be some questions regarding if at some point he might start to sell some or to take other actions besides ongoingly accumulating, but at least he is in a position of over-accumulation, profits and I would suggest that even if might choose to sell some, he would only be selling small amounts on the way up, but at the same time, if his goal is to get to fuck you status.. which maybe for him could be anywhere between $1 million and $2million, he still is likely a long way from that because even if his traditional investment portfolio had gone up in value from $100k to maybe $120k, if we add in the BTC, his total holding using spot price are still only a bit less than $160k, and personally, I am not much of a fan of using spot price in order to valuate your BTC holdings, and I also would suggest that this person is not really even in a position to sell, including that his cost per BTC is not even lower than the current 200-week moving average, which is currently $30,755 and his cost per BTC is currently $33,721 ($29k/ 0.86).

And, these are not easy questions regarding how any of us might consider managing our BTC holdings including making assessments in regards to valuating our holdings their level of profits and how much we might feel over accumulated and whether selling might play into that or not, especially if we might be unclear about if we even have enough BTC.


I agree with everything you said and how you characterized the matter Justbillywitt.. except I don't agree with any ideas of any of us should feel that we go full in or that we are "fully set" because no matter what we are going to have dilemmas if we "go all in" and then the BTC price goes down rather than UP and we don't have any money.  So there is nothing wrong with keeping some fiat on the side, because part of the preparation for UP is having a sufficient amount of BTC, and if we don't have any cash to buy dips, we likely are not in a good place, even if the BTC price never dips again, as you had suggested could end up happening.


Bitcoin price movement, including the 200-week moving average does not only come from buying, even though buying is a part of the matter.  We can also think in terms of the way BTC was designed including concepts of 1) stock to flow, 2) the four year fractal and 3) s-curve exponential adoption based on metcalfe principles and network effects (as outlined by Trace Mayer).


You are correct that it might not be realistic for someone to set his goals in terms of bitcoin, but I think that Odohu had also mentioned some impracticality aspects of that too, even though he went on and he provided an example of such, and yeah, we cannot really know if the 1 BTC in 10 years is even reachable, even if we started out now with $200 per week which we know that $200 per week for 10 years will end up being $104k invested into bitcoin... maybe it will result in 1 bitcoin or more and maybe it will not... and maybe we can start with $200 per week, yet we don't know our cash situation exactly, but if we are a pretty young person, we might expect our income to rise, but if we are a real old person we might expect that we might not be able to continue to earn at that high of a rate, unless we have systems in place that help to make sure that our income keeps up with rises in the cost of living and the likely (perhaps inevitable) debasement of the dollar (and/or the debasement of other fiat currencies).


We still have to be careful that we are not discouraging the accumulation of knowledge about bitcoin, even though many times people place too much emphasis on bitcoin specific knowledge serving as various prerequisites in terms of getting started investing into bitcoin, which can frequently be unproductive, especially since there are so many aspects of bitcoin that take a long time to learn and maybe a lot of us who have been in bitcoin for a long time might not know a lot of the intricacies of bitcoin that some people consider to be "needed knowledge."

Getting started in bitcoin is likely going to help to trigger more curiosity and active learning as opposed to considering that anyone is going to be motivated to learn about bitcoin if he does not have any stake in it.. and likely just getting started, the stake size does not need to be large in order to inspire further looking into bitcoin and further curiosity including considering how much of an allocation level that the person should target, whether that ends up being 5% to 25% of his investment portfolio or some other amount that becomes justifiable and reasonable based on personal circumstances.


A lot of people make similar mistakes in terms of believing that merely because the BTC price goes up, there are going to be more sellers than buyers, and they wonder who is going to be buying at $69k or who is going to be buying at $100k or who is going to be buying at $500k  or who is going to be buying at $1.83 million. 

There are going to be buyers at each and all of those prices, and part of our own lack of appreciation regarding how early we are and also we might be thinking that we are going to be selling at those various price points and those people buying from us are suckers, which may or may not end up being true.. depending on how much we are selling. .we might be the sucker.. and sure, there are not problems to start to shave off profits  and/or to consume some of your BTC or to diversify into other assets, yet there might not be any reason to fantasize about the so many ways that you are going to be consuming, shaving off profits and/or reinvesting prior to getting there first.. one thing is continuing to accumulate.. but then another thing is figuring out balances that come once you are not as much in the accumulation stage.. so it can sometimes be unclear about whether you have enough BTC or not..

and even if the BTC prices are going up, it still does not mean that there are not going to be buyers and/or that people should not be buying, especially if they are starting out at zero BTC or at some relatively low coiner status..and you might have 100x or more coin than they have or 100x or more coins  than they would even be able to accumulate, even if they were to attempt to go "all in", and so when your BTC reaches those levels of comparative size, sometimes it will become more clear how to handle it, especially if you have spent many years making various decently solid plans regarding various ways how to manage (and secure) your BTC holdings.. which does not necessarily mean selling it.. depending on other various cashflows that you might have available to you - whether through BTC or maybe through other ways that you might have complemented your BTC stash over the years, and perhaps you might be choosing to get rid of other assets and cash prior to spending your bitcoin, even if bitcoin might be in a high price state at the time of making such choices.


You might be spreading and convoluting ideas on purpose in order to create confusion regarding what you are saying and what makes sense.  Probably people should ignore you, except sure it does not hurt to correct you from time to time and to point out the areas in which you are continuing to be full of shit and perhaps purposefully spreading contradictory and confusing information..

In other words holding is not like trading...and we are not talking about trading here.

There are various ways to accumulate bitcoin. .which include DCA, lump sum buying and buying on dips.  Holding applies once you have already accumulated bitcoin, and it could be a long term stance or it could be a temporary phase in which you choose to neither buy nor sell but just to hold.. perhaps you ran out of money and you cannot buy more or you are refusing to sell so you hold.

Once you go through an accumulation phase, you might enter into maintenance stage or even later into a liquidation stage.. yet since there are so many forum members and newbies, this thread largely emphasizes various aspects of the accumulation phase that could be earlier stages of accumulation or later stages of accumulation, and so we are not talking about trading in that context, and it could even be a bit controversial whether buying on the dip is a good idea for the earliest BTC accumulator, even though buying on the dip does require higher level skills than just buying and also likely is more helpful to buy on the dip after you have already accumulated BTC 

- even though some people will think about buying on the dip as a kind of strategy to figure out their entry position into bitcoin, which is another trading technique that may well not serve very well the newest of investors into BTC, since the newest investors many times are going to be most advantaged by thinking about ways to get started right away, even if BTC prices are up... and sure if BTC prices are up, they may well start out with a smaller position, but since they are newbies, and they do not have many BTC they may need to realize that they might be disadvantaged by starting out too small in bitcoin, even though they may not be in a position to know that either (just like none of us can really know if they BTC price is going to correct or go down, even if the BTC price had already spent a decent amount of time going up).

Agreed the DCAing strategy doesn't need you to have $500 before you can invest but with $50 weekly one can use $20 or $10 from his salary to buy Bitcoin,  $10 from $50 can not make one's money to shorten because you have $40 aside with the $40, it can go through the month when you manage it properly.
But when you have more than $50 as salary monthly you can also increase the amount of Bitcoin that you normally buys, it will help to achieve the total amount of Bitcoin thst you want early.
You can accumulate Bitcoin through DCAing method and many preferred buying the dip with DCA method but it's not bad at all, what every way you can accumulate Bitcoin in such a way that it will not affect your balance do it the important part is make sure you are investing in something that worth holding. With that you can know if you can accumulate or not. When you are not holding something that's worth holding you can never achieve anything because it shitcoins/altcoins.

I think you are getting it all wrong because even if holding is not what DCA is based on but however you cannot assume holding to be the same as trading because is obviously two different things because just as there names implies, when we talk about holding you are actually referring to long time holding while trading is about buying and selling when the market is on the favourable side for you, so you can see there difference but however the purpose of this thread is basically for buying and holding of Bitcoin, so let's not misunderstood holding because it has nothing to do with trading whatsoever.

There is something you seem to be making difficult for me to understand. Investing in DCA method is not the same thing as holding but you will agree with me that the DCA method by its design encourages holding Bitcoin at least for something and during the peak of the accumulation process. Using the DCA method, you are buying amount that will be regarded as small quantity with respect to your total income, this small amount could just be spared money you don't have urgent need of, so you decide to invest it in Bitcoin. Because the amount invested through the DCA method is not part of your basic expenditure neither will it impact on your reserve funds, you tend to hold it for a long time. This is what I feel make people connect the DCA method to holding Bitcoin. DCA is closer to holding Bitcoin that trading is because traders do not hold. So yes, I do not agree with your line of argument

This is another misconception that need correction. DCA can be applied by anybody irrespective of their financial level. It is not only used by new investors as even the early adopters do use it or had used it at some point in their portfolio building phase. So for the sake of setting the record straight, the DCA method is suitable for all level of income earners.

You just admitted that the DCA is the best strategy when it comes to accumulating bitcoin. So if one method (DCA) in accumulating over the others then I see no reason why you are having difficulty believing that it is more profitable than the dip and lump sum buy. Something that is the best clearly has the advantage over the others. DCA gives you profit at all level of market prices and reduce loss. Your capital invested is not adversely affected in case of sudden dump in market pricing of bitcoin. No matter how well you practice the other strategies DCA stands above them and always preferable. DCA is profitable for all levels of investors and not just beginners as you think, you see that's the more reason why DCA is always the wise choice as it embraces all level of investors.

If the price continues to soar high then where is the person waiting for the dip going to buy? No where so you continue waiting for only God knows how long. But DCA is always getting you covered, as you are always buying at different stages no matter how little it may appears. It is better than someone who is waiting for a train in an airport. Moreover a little drop of water makes a mighty ocean. As the price keeps soaring keep accumulating with DCA and you won't be left out.

You are forgetting one thing here, as an investor who is investing in bitcoin through DCA, you do it at all market conditions. This is what the DCA is all about. Both in uptrend and in down trends. DCA means continuous buy at different levels of the market at a certain intervals.

You are wrong about this assumption. The DCA favours you at all market trends. That's why it has been the best for years and still counting.

Holding is obviously not the same as investing using DCA methods, it's even better to compare holding to trading because that's where people normally make mistake from but comparing holding to the DCA methods of bitcoin accumulation is just same as saying that winning the world cup is just same as participating in the world cup tournament.

DCA methods is just a strategy used to accumulate Bitcoin in a safe and easy way that can work well mostly for new investors that aren't yet strong enough financially to accumulate in bunch of bitcoin at a time and so will have to buy it at regular intervals just do they can Hold it. Regardless of weather a user decides to using the DCA methods or not, the end product is to hold the DIP and that's basically the obvious difference between Holding and investing into bitcoin using the DCA methord.

As a matter of fact, I think the two concept are even parallel in connection and their is no need to compare them.

As a newbie in the forum, I understand when you emphasis the importance of knowledge in anything. I equally like the fact that you use the term "adequate knowledge" and I will attempt to explain what is adequate knowledge needed for investment in Bitcoin. To be able to invest in Bitcoin, you simply need to first believe that Bitcoin is worth investing on and as soon as that is done, the next thing that will come to mind is how to buy it, where to buy it, how to store and protect the assets you have acquired and that is all there is to it to get started. As soon as you can figure out the answers to these questions, you can start your purchase already, you don't need the sophisticated and technical knowledge that many people are focusing on thinking that is how to be perfect in Bitcoin.

Most of us who are investing in Bitcoin are still learning more about Bitcoin everyday because Bitcoin knowledge is wide and still leaves room for more contribution. For instance, not until recently, we never knew that it would be possible to launch Ordinals on the Bitcoin Network. This was done and it impacted heavily on the Network leading to congestion and high rise in transaction fees.

Like I said, you should just focus on getting the basic knowledge I explained and then start building your Bitcoin portfolio. In addition, you should also endeavor to develop the discipline to follow your Bitcoin accumulation strategy, it could be DCA method, buying the dips or a combination of both, you have to try and follow it well not forgetting the need to also keep some money as reserve to enable you not to sell when you are still at the accumulation stage.

When we try to do a task together and calculate it together, the task will seem very difficult for us. But if the entire work is calculated step by step instead of calculating at once, the work will become much easier for everyone. 

Suppose I will build a house and the cost of building a house is fixed at two hundred thousand dollars. If the person who is going to build a house thinks of spending two hundred thousand dollars together, it will be very difficult for him but if that person thinks that he will not finish the whole house construction at once. Without finishing the construction of the house, he will first spend twenty thousand dollars in the construction of his house, but in this case, he will not feel pressured to build the house, but he can easily start the construction of the house by spending 20 thousand dollars in the initial state. Then again the person will plan to spend another twenty thousand dollars to do the next work of building the house. After that, if his financial support is more, he can again increase the money compared to the last time and complete the rest of the house construction. That is, by spending money in this way, as the person's dream of building a house is being fulfilled, the person is moving ahead with the construction of the house without any pressure. But if that person tried to spend two hundred thousand dollars at once, he would feel pressured and frustrated. 

DCA investment method is also similar, we can invest in this method so that we don't get disappointed beforehand. This method has the opportunity to invest at will and is invested in this method based on one's own money so this investment strategy stands out as one of the most popular investment strategies today.

DCA investment method has become very popular nowadays. As this investment strategy is best for those who do not have enough financial support, DCA investment strategy is also best for those who have enough money now. Investors are now preferring to invest the money in stages rather than investing it all at once. Investing step by step is more positive for an investor than investing all at once. What I notice in trading is that after buying a coin the price of that coin goes down a bit and at that time I think if I had some more money then I could have bought this coin at that time. And buying this coin at this time would have made more profit. Basically, this regret should not be in the field of investment, so now all investors consider it safer to invest step by step for a long time.

Investment If you don't succeed in long term planning or if you don't hold the investment for a long time but you will never get the desired result from the investment. Basically so that an investor never feels pressured to invest and so that the investor can consistently hold the investment for a long period of time, investors are now using DCA strategy to hold the investment. If I invest the amount I have today without understanding what is long term investment and after two to one week I sell my investment again then what is the purpose of investing here. Everyone has a specific purpose behind investing that the investor will hold this investment for a certain period of time or that he will continue to invest continuously for a certain period of time, but what about those whose idea is not to hold the investment for a long time? I will give you a simple idea that if your plan is not long term then confirm how long you will invest in DCA method and after how long you will suspend your investment. Don't keep these misconceptions in your mind and think long term about your investment it will be good for you and your investment.

Yeah that's true DCA strategy doesn't mean holding although I was getting it wrong before but I realized that the concept of DCA is not based on being able to hold Bitcoin but however it explains or guide an investor on the ways to accumulate Bitcoin without getting in trouble on the process, so perhaps is very important to be able to distinguish between investment through DCA and holding because they are actually two different things and however most people believe that since almost everyone that intend holding uses DCA for accumulation they assume that holding is the same thing as DCA because even me I was thinking the same way until I realized they are not the same.

Mate, though I understand what you are saying but you have to understand that DCA is not for holding is just a strategy for investing in Bitcoin or cryptocurrency in general, I mean no disrespect, we learn everyday and we are still learning, understand the thread, go through it very well and join the discussion with either support quote or argue with facts on what you know, talking about this investment strategy, this DCA strategy was introduced to help individuals to consistently invest and this in turn triggers them to cultivate the altitude of investing gradually and continuously, this strategy is very good for individuals without a good capital or huge amount of funds to invest.

Basic understanding is totally fine if they just want to acquire bitcoin and they don't need deep knowledge about this since acquiring bitcoin doesn't need to have technical aspects needed because you can buy at what figures you are comfortable doing it.

Technicalities is just for people who want to trade for short time period since they really need to dig up more information regarding on past movements of bitcoin so that they can buy at good position then sell when profit is there. Its repetitive cycle for them that's why they need to look for charts to know what possible action should be done next to it.

For holders I guess they can do that at their own pace since the only thing they need to do is to have funds to spend and target years on when they should sell or to know their intention on why they acquire bitcoin for long term hold.

There is a saying that "the end justify the means", so when the end is known, there will always be means of actualizing it. You seems to sound with the tone that everyone investing in Bitcoin is so poor that they cannot afford to buy Bitcoin if the price makes x2 of the currency price. This is a wrong mindset because there are a lot of rich people investing in Bitcoin and such people can set their plans based on the quantity of Bitcoin they want to have accumulated at a certain time in the future. Some people can even set the target of  buying 1BTC per year as long as they live, to save the money for their children. These are possibilities that we cannot ignored thinking that everyone investing in Bitcoin is broke. You must understand that our purposes of investing in Bitcoin differs.

While some people are buying and holding Bitcoin as an escape from poverty, some are pushing some of their funds into Bitcoin as a hedge for their other businesses. Some are actually saving their retirement benefits in Bitcoin. We must appreciate our peculiarities as that itself is the beauty of life. What matter most is being able to invest in such a way that it will not give you pressures or discomfort.

On the contrary  @teamsherry is right because investment on Bitcoin doesn't require much knowledge before you can start investment, actually is quite unfortunate that you still believe that knowledge is a determining factor on your Bitcoin journey perhaps that's why most people are still reluctant of starting investment on Bitcoin because they believe that having too much knowledge on Bitcoin is what determined there success on Bitcoin, however I want to inform you that you don't need too much knowledge in other to start accumulating Bitcoin because Bitcoin is not like other investment that requires going for a training or researching before you could start investment, on the contrary Bitcoin investment is so simple that a beginner who doesn't really no much about Bitcoin can easily start accumulating because since the intention is buying and holding you don't need any technical analysis to determine your accumulation. However @JayJuanGee has also explained several times on his replies concerning the reason why we don't need too much knowledge before we can start accumulating Bitcoin.