Quote from: Dzwaafu11 on Today at 03:16:20 PM

Quote from: Mayor of ogba on September 05, 2024, 07:48:43 PM

Yes, it is always important for people to have a good knowledge of the investment they want to start so that they can know how to handle the investment and become successful with it, but when it comes to bitcoin investment, newbies or new investors don't necessarily need to gain any bitcoin knowledge before they can start investing their money into bitcoin. What newbies or new investors should be concerned about in bitcoin investment is their finances to know if or not they have a discretionary fund that will allow them to invest in bitcoin. As time goes on, they can start learning about bitcoin.

Why? And what will be the use of the money they want to invest when they don’t know how to invest in bitcoin? That doesn’t make any sense; it is not advisable to put your money into something you don’t know anything about. So the first thing you should do is learn the concept of bitcoin investment. Even if you won’t learn the whole thing, you need to know how volatile the market is, the risks, and how to manage them. After investing, any other knowledge you need can come in, but investing without the knowledge is totally wrong.

What some people are trying to explain, and what they want newbies to understand, is that they shouldn't be overly concerned with acquiring an advanced level of knowledge before starting to invest in Bitcoin. The idea is that as long as they have the money and a basic understanding such as knowing how to choose the best exchange for buying Bitcoin they should go ahead and start investing without wasting too much time seeking knowledge that isn't essential at that particular moment.

Bitcoin and cryptocurrency are fields in which every investor will continue learning over time. Waiting until you reach a certain level of knowledge can be a waste of time, and it could even lead to discouragement from investing. However, if you start investing early, you're more likely to pay close attention to learning how to properly secure and grow your Bitcoin investment. This way, you learn as you go and make progress along the way.