newbies should do their research first before investing.
Personally, I think newbies should get started rather than wasting time researching.
What I meant by newbies should do some research is that some newbies lack basic knowledge about bitcoin. If they don’t accumulate knowledge about bitcoin before investing, some might end up losing their investment because they don’t know the appropriate wallet to use in storing their bitcoin, they don’t know how to secure their private key, some don’t even know reputable places to get bitcoin from and other basic things which they should know. Some newbies just see some advertisements about bitcoin on social media, and they will pick interest in it, and we all know we are not supposed to trust or follow most of the videos we see on social media because some of them are scammers. That’s why I do recommend that newbies do research before investing.
If they invest first before doing research, before they get to understand something’s, it might already be late. Some newbies might see some Ponzi scheme that will require people to deposit bitcoin on a particular site as an investment. A newbie without knowledge might end up falling for tricks like this.
Honestly I started my bitcoin accumulation journey without having much knowledge on how bitcoin work and stuff, aslong I know the right wallet to store bitcoin is a non custodial wallet I started my accumulating journey but as time goes on I started learning new things on how bitcoin work and how to hold and secure a smooth investment and buy the Dip and HODL thread help me alot in that aspects, what am trying to say is that one don't have to waste time going for knowledge first when it comes to bitcoin aslong he or she know the right wallet to use and how to purchase bitcoin via exchanges he or she is good to go and as time goes they may decide to focus on gaining more knowledge while they accumulate and hodl Bitcoin.
So that one won't endup regretting why he or she didn't start accumulating on time .
I think you are wrong. You can't say
no knowledge is required to Start investing in bitcoin. Saying no knowledge required means you don't totally need to lean anything about bitcoin to start investing and that is not totally true. Even if you are using wallet and exchange which you made references to, you will still need to learn how to send and receive bitcoin from it. Meaning you need basic skill about bitcoin to start using it and not saying we don't need no knowledge to invest. It may not only be in bitcoin investment but whatsoever you do in life to succeed you need a basic skill. Your level of understanding on that skill determines how far you can go in what you do.
I believe when people say that you don't need knowledge or in the right way, when they say you don't need too much knowledge before ever getting started in your bitcoin investment, what they mean is that you don't need to get too complex in trying to know too much before you start investing in Bitcoin. Like he said, what you practically need is a wallet, an exchange and then the fund, when You've create the wallet and you already have an exchange you can buy your Bitcoin through and you have the money you've set out for your DCA or for whatever methord you've choosed to work with, the rest is just secondary that can come while you're already buying and when you talk about knowing how to buy your Bitcoin, it's nit as though it's all too complex for someone to learn, you can just learn it in a day and get all the foundational safety knowledge about your seed phrase and your wallet security.
You will certainly keep learning about a lot of other things while you're up and doing in your accumilation routine but dwelling too much on learning without getting started will almost look like a total waste of time and effort. Learning is good and it surely never stops but starting is the main thing.