5. Risk Tolerance: Understanding your risk tolerance is crucial. Some are comfortable with Bitcoin's volatility, while others may find it too nerve-wracking.
If you're not ready to take risk, then don't even go close to making a bitcoin investment because you may get loosed at the process when your targets and expectations aren't coming, bitcoin is all about being patient and having the basic understanding on how the network operates with price and value determination, this is not just like the traditional fiat currency that we can hodl anyhow or spend.
We need to know and understand the basics foundational requirements for using a digital decentralized currency like bitcoin, this will take us far away from risk we could have taken through some of the mistakes we are liable to make, there's risk in dealing with bitcoin but you can choose not to partake from it if you understand how.
Moreover, bitcoin is a good asset if one uses DCA or using Dual method on BTC, they won't be scared of it disappearing the next day that's what makes BTC different. I just feel risk anyone who wants to start the journey of crypto should accept and do it wisely