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
You must first believe in bitcoin that it is an hedge to inflation and that it increases in value as time passes on. Part of basic knowledge of bitcoin is that, you should invest to a long term so that you can overcome the price moment of bitcoin and not to sell due to panic. If an investor is serious and stick to the rules of bitcoin, what more knowledge does he need to start his investment and use regular DCA method to accumulate more bitcoin. It is people that can't understand simple things and people that are not ready to take advantage of bitcoin now, that they think that they need to know so much on bitcoin before they can invest in bitcoin, which is wrong. Infact, let me say that, I don't care about the profit that bitcoin will bring me because I don't have the knowledge. But I know that if I keep my monthly savings in bitcoin, that my funds wouldn't depreciate just like the way our fiat currency depreciates with time, and I am planning to save for building a house and I don't know for how long I can keep saving before I can get the exact amount to build my house. I assume that it will take me 10yrs from now, and I decided to save in bitcoin a specific amount on DCA, do I need any deep knowledge on bitcoin to start up my savings, when I already have what is giving me income that made me to believe that I can save for a very long period to time before I can build myself a house. Along the line as I am DCAing regular that is when I can then pick up interest to learn more on bitcoin before, I might have the insight that bitcoin can give me profit. There are many ways that we can look at bitcoin from to enable us start buying bitcoin and at the same time keep on learning. It is only someone that doesn't have a goal or that believe in bitcoin that will still be doubting on investing yet, and you don't need any technical knowledge to believe in bitcoin, your believe comes from little proves which bitcoin has shown in her past histories.