So long as you are willing to take the risk you should be willing to bear the risk, if you know you are not the time that looks out for the future return you will be frustrated with the pattern of operation of Bitcoin, it's something that needs endurance and perseverance for you to get a bigger and better profit from what ever amount you must have invested. So my own point of view is the ability to hold for long term results. That doesn't mean you can't make profits in a short term, but the profitability will be minimal
It's about investing wisely with proper knowledge installed beforehand.
Once it clicks, you will never do things like someone with shaky hands.
You can aswell get those proper knowledge when you have already started buying bitcoin because i believe you will know more when you are into bitcoin investment proper with your little knowledge at first, bitcoin investment is not too hard to know as people may think first thing is to get started when your Discretionary income is ready to avoid procastinating while trying to gain proper knowledge.
You are right, all you need as a newbie into Bitcoin investment is the basic knowledge about Bitcoin investment which is knowing what Bitcoin is all about, how to create your own wallet and how to buy and hold, there's one thing which I feel one really needs to know as a newbie into Bitcoin investment which is knowing the history growth of Bitcoin some people don't see this as an important part but I do because knowing the history growth of Bitcoin will help remove panic from you when ever there's a dip, it will give you hope that Bitcoin will keep growing no matter what, it will help you develop more patience and it will help you see the future benefit accumulating consistently and holding patiently will bring so as a newbie into Bitcoin investment try and go through the history of Bitcoin growth because it will really help you stay more focus and determine, going through the history of Bitcoin growth was part of the things that built my confidence in Bitcoin, you can start accumulating and then go through it or you go through it before accumulating the most important thing is for you to go through it as an investor.