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.
I think the quoted post might have been the over emphasized by saying you need not to know about bitcoin much before you should invest, the post stated you need to learn the basics which you have listed above like why you’re investing, price target, amount to actually invest with and most important ones how set up your wallet, protect it and how to buy. For me this is basically what is needed. Extensive knowledge like Fundamental analysis, Technical Analysis or even sentimental knowledge are good knowledge but not necessarily too import for just an investor.
If it were other businesses you will need to have knowledge beyond this basics like even the mining process of it uptill how the network is protect like running your own node this too are great addition to knowledge of what you’re dealing with but as random investor it won’t hinder your investment once you have the proper basic knowledge most especially the security part