Investing in Bitcoin can be a complex and challenging endeavor. It's essential to approach it with caution, thoroughly understanding the risks and potential rewards, before investing in bitcoin first you have to define your investment objectives and time range of the investment, your investment strategy is it long term or short term are you investing to sell or to hold all these are considerations needed to be considered before investing
The last time I checked, bitcoin investment is very easy to start and not complicated and challenging to handle. Bitcoin investment can only be complicated and challenging to handle when you use the money that is meant to sort out your daily expenses and invest in bitcoin because at some point you will struggle to solve your daily expenses, which might cause you to sell your bitcoin even though you are at a loss to survive and get your daily expenses sorted out. But if you figure out you will have discretionary income and invest in bitcoin within your discretionary income, you will always find it easy to invest in bitcoin, which will allow you to hold your bitcoin for the long term because you will always be in the position of solving your daily expenses at any time they arise.
You are right anyone can invest in Bitcoin as long as they have a good understanding of how Bitcoin works and regarding the funds that will be used to invest in Bitcoin of course they must first settle their daily needs in order to run the investment properly and achieve the targets they set for themselves, as you said it is very true if someone is not able to meet their daily needs properly then it will be difficult to maintain the investment until the targets they set are achieved.
It is very important before deciding to invest in Bitcoin or anything else, we must first fulfill our daily needs and also have funds ready to invest without being disturbed by our needs.
You don't need to have a good understanding of how bitcoin works before you should start investing in bitcoin, because bitcoin itself is very complex and makes it impossible for a new beginner to have a grounded knowledge.
Are you for real? So you just think Anyone And anybody can just wake up overnight and decide that " I am going to invest in Bitcoin, without trying to seek first hand knowledge about Bitcoin, And how it works".
Trust me if you started this way, you started on the wrong foot and if things eventually worked for you, you should really thank your stars.
Before investing in Bitcoin or even Altcoins, you should first of all know what you are getting yourself into, it's just like starting a new business, you just don't d
Start overnight because you business would be more likely to crumble or fold with time.
You need to know if you are financially ready to buy and hold Bitcoin.
You need to know if you can na a good long term holder, or maybe if you can't.
You need to know about the volatility of Bitcoin, so that maybe if you wake up one day and see your capital looking smaller than before, you won't panic.
There are a 10001 reasons why I think Bitcoin should not be something you just hop into.
But this few should do.
What you should understand is that bitcoin is not all these physical kind of investment and it's easy for anyone who wants to invest in bitcoin on long-term investment to jump into the moving train as long as he has his discretionary income ready. He is only buying and not selling. As long as you are on a long-term investment, whatever the price of bitcoin is shouldn't be your problem because you are not selling but only stacking up. You can learn whatever you need to know along side as you're investing because you are on a long term ride.
If you want to start waiting to get a good knowledge on bitcoin before investing, you will waste all the precious time that you are suppose to use to start growing your investment all in the name of learning and that's not going to help you accumulate more bitcoin than when you just get started with the baaic knowledge and learn along your way. It's impossible to learn everything about bitcoin in few months because there are always new developments in the technology. Delay is dangerous, so newbies with their discretionary income should get started right away with an amount from their discretionary income thay will not affect their financial expenses. If you do not sell no matter how dip the prive gets, ypu will not run at loss because 1btc=1btc
Bitcoin is not shitcoin and does not need too much knowledge to start investing. I will advice you to stay away from shitcoins because that's what is in your head. Shitcoin is not bitcoin and should be avoided so that you don't run at big loss at the end because shitcoin is the opposite of bitcoin. Don't compare both of them since bitcoin is not in the same level with pump and dump projects. Shitcoin is for gamblers and bitcoin is for long term investors.