Yes it is a good idea to become knowledgeable in cryptocurrency before you start investing and even joining in bounty campaigns, but you can always learn more through your experiences with the market. My advice to the new people that are joining in on cryptocurrency is to research what it is and what it means to the future of the economy and to also speak with others who have experience and learn from them as well.
For me the secret of trading is knowledge, expertise and most especially patience. In trading it is required that you have a knowledge about crypto, about how to trade wisely. In trading you need the expertise and experiences to be able to learn and the most important thing at all is you need to have a long patience since this is unpredictable job.