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    Author Topic: Does the DCA strategy inspire newbies to invest?  (Read 28667 times)
    Silikiem
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    May 11, 2026, 08:15:27 PM
     #1661

    The above bolded part isn't really necessary for a newbie, even if he doesn't have that conviction yet, he can still get started, because it is mostly that personal conviction that mostly makes investors develop that long term mindset, and most of the time, this doesn't build up at the first stages of the investment. This is because most investors who get started often do so with the intention of sticking around for a short time, make some profits, withdraw and zoom off, so you can't tell them they can't invest, because sooner or later, they could figure out the right way themselves.
    So what you are trying to say is that newbies don't need to know anything before they get started because this is what your write up entails. How logical does that sounds to you?

    Basic knowledge on Bitcoin and discretionary income to start with is very important for a start, and after starting you can go for more knowledge on what is needed to be able to hold strong, like putting down emergency and reserve funds in place, just in case of real life emergencies, so I am surprised at your statement that it's not necessary to have a basic knowledge and discretionary income before starting as a newbie.

    You don't need basic knowledge in order to start to buy bitcoin.

    You need discretionary funds and common sense.

    Your common sense will help to inform you the extent to which you need to know more things, or gain more skills or to look into matters or not.

    What is the basic knowledge that you expect that normie newbies need to know in order to get started buying bitcoin besides being sure that they have discretionary funds in order to make their first purchase?

    Let's say that some normie newbie was in the middle of carrying out his weekly drinking, smoking and going to bars, and usually it costs him around $200, and so he had the $200 in his pocket and then before he got went to the first bar and bought his first pack of cigarettes, he ran into a friend who told him about bitcoin and told him to get started buying bitcoin, and the friend told him to buy his first bitcoin on Binance.  So the guy decided to agree with his friend, and instead of spending $200 this week on his fun.. he was only going to spend half of it, and save the rest, and he would buy his first $30 of bitcoin.  What is wrong with that?  What more does he need to know?  The guy used his budget to buy $30 worth of bitcoin (at least bitcoin representations since he does not have them in self-custody, but is instead going to hold them on Binance).

    Of course, the common sense of any person might guide them in realizing that they might need to look into one particular thing or another, yet each newbie can decide what those things that he may or may  not need to look into might be, since there is no exact basic knowledge as long as the newbie has figured out that he has discretionary funds that are available and he figured out a starting amount.  Sure, if he does not know from where he is going to buy his bitcoin, then he probably would need to figure that out, but in the example that I gave the guy spoke with a friend who told him to start with Binance, which is good enough to get started with $30, no?  What more does he need to know in order to start?  Can't he look into the details later?  Maybe next week?


    Yeah they can consider those things you have mentioned and there's really nothing wrong for starting up using small amount of their funds. What's important is the used their discretionary funds and not the money intended for their rent, emergency funds and utility bills.

    For newbies, the real basic information that they need to learn is.

    To know which platform they buy their Bitcoins.

    To accept Bitcoin is volatile asset so it moves up and down from time to time. So they need patience here.

    Don't store their coins on third party platforms, always use non custodial wallets to make sure that they have control and their funds safe

    Other than those information or deeper knowledge about Bitcoin can be learn thru step by step process of their investment. So what's important is their first step, because nothing good will happen if they keep waiting for something.

    For a newbie i think all of these in depth knowledge you listed above can be acquired as they are ongoingly buying bitcoin. The basic knowledge needed is more of a common sense to tell them that they will need a discretionary income to use in buying bitcoin and without this discretionary income being available to them they cannot buy bitcoin even though they have all of these in depths knowledge. So a newbie might not necessarily know all of thes before he can buy bitcoin but he can buy bitcoin if he have a discretionary income and that is what guarantees them to start their bitcoin investment, without it they can not invest.

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