I feel like this is the most important one, especially for beginners like me that still don’t have much knowledge about it, so for my little understanding, understanding bitcoin is supposed to be the first thing to do as it will be one to guide you on every step you want to take on your investment journey in both security and everything else, so you can see that after you have learned all these things, the next thing you will think of is to hold bitcoin as much as you can afford to lose because you will confidently store it in a safer wallet.
They say Ignorance is not an excuse, if one fails to have this inquisitive to learn he is completely prompt to fail and experience certain consequences which learning could have saved him from.
Sometimes people think the idea of holding Bitcoin is as simple as ABC... Do you know most persons lack patience, do you also know the intentions of some people is just for them to get little profit on top of there investment because they fear for the way Bitcoin is volatile. Where else knowledge is not enconcated into them they panick and sell, that is where knowledge is lacked because they failed to learn
We must acquire knowledge about Bitcoin to invest. Because only when knowledge about investment is gained we can use it in the work of holding. People are lazy that's why they face loss today because their motive is to earn profit. Investors become reluctant to sell when little profit is earned, as they have not acquired the appropriate knowledge. Due to which even after investing they cannot sell at the right time due to which holding is not suitable for them. So I think one should learn risk taking by gathering proper knowledge and using DCA method strategy with patience and holding for long term.