Topic: How can i correct my mistake (Read 550 times)

You don't need a degree to invest in Bitcoin. You can invest in Bitcoin with little knowledge, if you know how to buy Bitcoin and which wallet is better to hold Bitcoin, then that is enough to invest in Bitcoin.

Now that we are in a bull run, the price of Bitcoin will rise even more. Now no one can tell when a bear market will start. But if the previous bull run is anything to go by, a bear market could begin later this year.

It's never too late to invest in Bitcoin. If you can hold Bitcoin for long term then you can start investing anytime. You may miss this opportunity by waiting for the price to drop. So it is best to invest in Bitcoin using DCA method.

There's no need to feel like you're too late to start with bitcoin. The key is getting educated, learn about how it works, how to store it safely and the market's volatility. I can't tell you when the price will drop but there's always an opportunity to invest at the right time for you. Just approach it carefully and be strategic. It's all about making informed decisions and not rushing into it.

Some people wait, some people - act.
Now BTC is 105k+, as I remember it, and the price is still good knowing fully well what would happen through 2025 - even bigger news and actions regarding the adoption of BTC.
So to not miss out - we need to start working now.

It depends on your goal but it seems base on your statement is you are waiting on the price of the bitcoin to go down more deep but with the current market price it seems you are way too far to wait currently we are sitting now with the 100k. Still you can ride the market in the form of grabbing the market downs and do a DCA so once the market of the bitcoin goes up your investment can gains too. At least in that part you can make an investment waiting gains to up trend. I highly recommend at the same time analyze the market so you did not need to wait for the calls of other people. You can now make a plot of positions as early and have a target to sell

Nothing wrong with learning both.
But I do agree - the knowledge about the chain is not needed to pour the funds in.
It's just to see how it works from behind and in what tech you are pouring said money, so to speak.

Since you’re new here, you’ll have to work by doing everything yourself through hard work, you can be in danger that you may lose money so first you must go to the markets and analyse the market how to down. If the market price increases how to profit if you can check it yourself and take help from others, you can be a good investor in crypto currency to invest in which you have to choose good and trustworthy you will lose money if you choose to invest in the market. Lastly, remember that you will invest small first, then gradually express interest in big investment if you increase experience.

I totally get wanting to wait for a lower price but the truth is no one can predict when bitcoin will dip and it might not happen the way you expect. Start by learning the basics like blockchain, wallet security and market behavior, it'll make you feel more confident. Don't beat yourself up for not starting earlier. It's not about what you missed but what you do from here. You can still enter at any time with the right approach.

If you really want to be an investor, you should focus only on investing. Blockchain is the work of developers. According to you, investing is not for people who cannot program. It is not like that, the only thing to remember in investing is that to invest in Bitcoin or any other cryptocurrency, you only need to see the process of inviting volatile markets. And the DCA method is very effective in controlling volatile markets. It helps you to maintain the balance of all markets. So learn DCA, not blockchain.

If you understand what I mean in the previous discussion then I am sure you will also say the same thing because I said there is no need to learn more details about blockchain if the focus is only on investing. The discussion about learning about blockchain is outside the concept of investment carried out by people because an investor does not need that much knowledge about the concept of blockchain development.

Effort must also be accompanied by ability that's why not everyone can learn easily on the internet because sometimes a person's intelligence level is different in understanding a problem. But if you are consistent and continue to learn then I am also sure that slowly we will understand it well.

Yes, blockchain knowledge seems useless in the Bitcoin investment setting. However, there's no knowledge that's a waste. Sooner or later the knowledge will be useful.
Having said that, Bitcoiner who was to advance with the market and the innovation that comes with BTC should have some good knowledge about blockchain because the best to thrive in a certain space is to fully understand it and also have good knowledge in it.

If you start investing and keep making mistakes, you will see that if you start investing and make mistakes, you will be able to automatically correct yourself at some point. No one can tell you how much knowledge you need to invest, but if you start, you will learn a lot and, from that knowledge, you will be able to correct many mistakes.

You have to invest in one bear market and wait for another bear market. Once you go from a bear market, you will definitely go to a bull market. When you go from a bear market to a bull market, you will sell your investment and wait for the next bear market to come. No one can say when the bear market will come.

You cannot correct your past mistake since we can't turn back time. You may not take your opportunity before but you can prevent to make mistake again by taking the opportunity when you have another opportunity. Actually, no one can exactly predict when the price will go down or when the bear market will exactly start so, If you cannot wait then you should try DCA method if you want to buy bitcoin even at the current price because DCA is not all about the price of bitcoin if you ask me.

That is fact you cannot forecast bitcoin's volatility, it can increase and drop at any time, therefore it is best for you to thoroughly research the market and invest only what you can afford to lose. You should avoid taking big risks and investing money you cannot afford to lose. Anyone who said you will get big amounts on bitcoin when you invest in it is right, but you can't acquire it that easily, thus it must be a long-term investment. Anyone who claims you can make a lot of money on bitcoin is lying, therefore I recommend studying it so you know how much you can invest and profit from in the long run when the market is up. Bitcoin Is the best investment in the crypto. that can definitely minimise your risk without too much losing and bitcoin if you can leave it for long term i don't think you will lose, he will just increase your funds and get profit. Don't be wasting you time and be predicting what you can know just invest and put the funds that you can lose. Because something that I know person can predict on bitcoin, is to invest in long term and he usually possible because bitcoin don't increase dippy he takes times.

Your question is somehow to me, how do you measure the knowledge that you have? At least if we know, then we will know how we will help you, because I don’t really understand what you mean by how much knowledge you will need. If you have basic knowledge about bitcoin, then you can start making bitcoin investment, just know that you will have to keep on accumulating knowledge even after investing. Don’t think that because you are already holding bitcoin, you will stop learning.

Nobody knows when the bitcoin price is going to fall or rise, so if you are investing in bitcoin, then just do your analysis and invest. Also, sometimes you might be expecting the bitcoin price to dump, and that’s when the price will be pumping, so if you are planning to invest in bitcoin, then just make use of the DCA strategy. You can start accumulating bitcoin gradually, you don’t have to wait till the price dumps before investing because you might not even see the dump.

You are never late, you can still invest in bitcoin. Just have the mindset to hold for the long term. If you don’t invest now, then you might end up regretting later in the future why you didn’t invest now, so don’t miss the opportunity that you are having now; you can start investing gradually.

You need as much knowledge as you can before you started in investing in Bitcoin.

Most importantly, you will need to understand the basic concepts and principles of Bitcoin, how it works, its mode of transfer, and how to save your Bitcoin before you can start confidently.
check here for more knowledge about Bitcoin and how it works.

You don’t need to wait for Bitcoin price to come down or dump before you can start buying Bitcoin; DCA method is there to help buy at any amount; you will just buy with the little amount of money you have and be holding, until you accumulate the amount you want. It will be better because no one can 100% predict the price movement of Bitcoin.

You are not late, you can start now and you will definitely achieve your goal.

Bitcoin investment requires no knowledge, just buy at any price you met it, hold it, secure it and make sure you don't lose your seed phrases. The only primary knowledge you may need is how to open a wallet and how to buy Bitcoins with Fiats from exchanges. Any other knowledge you will need will be after you have already invested in it then you can find which strategy will be okay for you to follow up your investment with. Bitcoin is not like the bank where you will need to provide a lot of personal information before they can register and open an account for you. Bitcoin investment is as easier and safer than any other form of investment because only you alone is in charge of your holdings without any external party knowing.

No body can tell when the price will DIP but for now, we are still in a bullish cycle, untill the bear season arrives then we can say the price has DIP or will DIP but waiting for the price to DIP will be a repetition of the mistakes you made in the past so it is better to acquire Bitcoin now than keep regretting when the price must have skyrocket past the current price now. However, you are not late to invest, as you can see the Market is very bullish and what is keeping the balance is due to the activity of investors in the market as more people are buying Bitcoin day in, day out that is why even when the price acts like it wants to DIP before you know it has increased again because there are investors that are taking advantage of every little DIP to buy more Bitcoins and add to their stash.

A person cannot know everything at first, a person has to move forward slowly to know. Here if you want to know about Bitcoin investment, you have to learn about Bitcoin slowly, you cannot be in a hurry because this is not the place to be in a hurry. When you become experienced, you will understand by yourself how much experience you have gained about Bitcoin and you will understand by yourself whether you can provide security to the investment.

It is very difficult to accurately analyze the Bitcoin market because no one can accurately predict which direction the market will move at this time. However, it would be better for you to buy and invest in the current market rather than waiting for the market to decline.

When you were introduced to Bitcoin Forum and Bitcoin, you may have missed out by not buying Bitcoin, but it would not be right for you to regret missing out because you did not pay attention then, which is why you missed out and you understand that now. However, do not regret what you missed and start now, hopefully you can get good success in the days to come.

You don't need to much knowledge before investing in Bitcoin all you need is to have the basic knowledge on Bitcoin investment, learn how to protect your funds and know the type investment you want to go into before investing. If you have money to invest in Bitcoin do not waste your precious opportunity in waiting for the price to come down because you can never see the price of Bitcoin going down to the amount you want.

When I first started my Bitcoin journey I only know few things about it.
The price of Bitcoin depends on the market don't expect that it would always go up the price could also go down.
It is something that most newbies don't want to accept and accuse Bitcoin to be a svam cause they loss some of their imvestment.
And lastly securing your wallet is the most important thing in cryptocurrency always make sure that your funds are safe and secure.

Agreed.
Analysis brings results everywhere, a person who pushes for knowledge and ways of doing things better finds the ways to adapt / make things right.
And that's great if the boundaries of what was already known by everybody or even a single person - broken.