That is very true, I have come to realize that now. When I first heard about Bitcoin, I thought it was just about buying and waiting for it to go up. But after starting, I saw there is a lot more process involved, like timing, planning, and understanding the market. I have made some wrong moves, but I am also learning bit by bit. I am beginning to see the importance of being patient and not rushing into things... Small, wellplanned investments really do make more sense in the long run. I am just trying to build my knowledge slowly and stay consistent.
Timing and understanding the market is mostly for traders, but for newbies whose mindset is to consistently invest in bitcoin for the long term, they have nothing to do with timing and understanding the market because it will only limit them from building up a sizeable bitcoin investment. As a newbie or no coiner, you should mostly focus on your finances and planning because after you figure out and know that you will have discretionary income to invest in bitcoin consistently, you also need to plan yourself in a way that you will build up your emergency funds and invest in bitcoin with your discretionary income in such a way you won't overdo your aggressiveness.