I keep reiterating in various threads that one of the most basic kinds of knowledge that a person needs to get started investing into bitcoin regards whether he has a disposable income or not that he is able to invest in bitcoin for 4-10 years or longer, so even if he might just start with $100 per week, he should at least be able to figure out if that is within his disposable income or not, and as far as knowledge about bitcoin, he likely would ONLY need to consider that bitcoin is a good place to put money for 4-10 years or longer, and if he is not sure about that conclusion, then he can adjust his investment amount downward until he is comfortable and then he can learn about bitcoin enough to reach a conclusion that he is more comfortable investing higher amounts into bitcoin that would be locked away for 4-10 years or longer.
Anyone wanting to buy bitcoin on shorter than 4 year timelines would be trading rather than investing, and personally I consider bitcoin to be an investment rather than a trade, and surely there might be some folks who get into bitcoin and they are considering keeping it for shorter than 4 year timelines and maybe trying to play our current cycle to their advantage, and sure people can do what they like, yet I would still classify shorter than 4 year timelines as trades (or gambling) rather than investing.. which is fine.. people can do what they like, even dumb things (which might be the case if they are not able to spend enough time to actually learn what bitcoin is and/or to appreciate that bitcoin is likely better as an investment rather than as a trade.
You've nailed it on the head with your detailed explanation Jay thank you. It is so true that the best knowledge to have as a beginner is the knowing of the true value of Bitcoin. The true value is revealed the longer we hold on to it. If an investor is having double minded toward Bitcoin then he should just keep buying and do whatever he likes. Only a few can comprehend what Bitcoin is worth. There is a saying, 'Many are called but few are chosen'
People mistake buy and hold to just buying Bitcoin and holding it for months, a few years or so. The real definition of investing in Bitcoin is buying Bitcoin and holding it for more than a decade. Anything between 4 to 10 years is gambling. Because the more knowledge we get while investing, the more confident we can be in our long-term decisions. When we approach Bitcoin in that way we mean to say that Bitcoin is with more which means it's currently priced less than its true value and so it will be worth more if we hold it longer than a decade and more.
We need to be very clear when talking about Bitcoin newbie by telling them that the only way you can make good profit from Bitcoin is by holding for 5 to 10 years or more and if he or she is still young he should endeavor to hold from 10 years and above this is what we should put in there front so they will bear in mind the kind of task that await them if they choose to invest in Bitcoin.
Some people will sugar talk Bitcoin investment to the point newbies will be Bitcoin can even be used as a source of income were one can be making money weekly or monthly even trading Bitcoin won't give you gain weekly or monthly so no need sugar talking Bitcoin investment to newbies.
When we stop sugar talking Bitcoin investment to newbies it will help them know the true value of Bitcoin one can tell them to imagine how much profit those that has been accumulating Bitcoin for 10 years now have gotten with this you have given them the best knowledge which is knowing the true value of Bitcoin.