This is not just for newbies, not every investor should invest more money than they can afford to lose.~~
Sure, this suggestion is for all investors, not only for newbies. We must always remember that we must invest with a safe allocation. If we try to invest with excessive funds, it probably brings bad impacts to our financial stability. Also, it may bring a mental pressure because the volatility of Bitcoin price. We must know Bitcoin may experience big corrections or sideways, it doesn't always increase all the time. Investing with excessive funds can make a stressful condition whenever Bitcoin is in red market.
However, before investing in Bitcoin, you need to get a proper idea about Bitcoin. Bitcoin is risky, no one can guarantee 100% profit here, so we have to consider all aspects and decide. Investing in Bitcoin must plan to hold on for the long term. ~~ Investing in Bitcoin cannot make quick profits, so we should not try to buy Bitcoin aggressively in the hope of quick profits.
Having proper knowledge is surely the first thing that we must ensure before we start Bitcoin investment. It is true that there is no guarantee to take profits in Bitcoin. It is possible to get a lose if we don't know when the right time for entry and exit. Having proper knowledge will ensure us to have good analysis. So, it won't be difficult to determine the right time both for entry and exit.
Actually, it is not a must to hold for a long time. We can hold for few weeks or few months, depending on how much profits to expect. However, we must hold for few years if we want to get maximum profits.