Its not about understanding of bitcoin basic information, to be investor in bitcoin you must have good decision want to invest in bitcoin and brave buy bitcoin despite moment when bitcoin have lower price. What for have more knowledge about bitcoin but you less braveness with investment way exactly when getting opportunity bitcoin in lower price.
That's true but however having a basic information is very important because it serves you as a roadmap for the investment you intend to do, perhaps without information investment on Bitcoin will not be possible because you have know knowledge about what you intend to invest.
So in as much Bitcoin investment is concern every bigginers needs information or knowledge to make a good investment decision on Bitcoin because is from the information he may acquired that would enable him make him have decision and determination to invest on Bitcoin so we shouldn't blame any bigginer if they wish to have information about Bitcoin before they could start because there investment determination come from there.
However Using myself as an instance, I wouldn't have venture into accumulation of Bitcoin if I had not done my research and acquires information from people concerning Bitcoin, however even if I was ask to invest on Bitcoin when I have no knowledge about it I wouldn't have invested because considering the volatility of Bitcoin my emotion and mindset could be affected as such that I could panic and sell off my investment at the long run, but however since I have understand and believe on Bitcoin and the potentials of Bitcoin, I have a determination to always accumulate on a weekly basis.
Yes, you are correct, the number one part of Bitcoin investment is what we call Bitcoin knowledge. Without knowledge of Bitcoin, one can't understand a dime about Bitcoin, even the smallest odds about Bitcoin investment the person will not understand.
With the little knowledge one has, he/she can know how to apply the DCA method while accumulating Bitcoin. Also, with this knowledge, one can still know how to manage risk in the investment. With little knowledge about Bitcoin, one can practice any affordable amount of which he/she can afford weekly for proper understanding about some of the most important parts about Bitcoin investment.