if you are a newbie who wants to go into Bitcoin investment as an investor, all you need to know is the basic things about Bitcoin and then you start, someone asked me some time ago that what are those basic things she needs to know before starting and I told her.
1. What Bitcoin is.
2. [Edited out]
3. How to buy and hold.
This are the 3 basic things you need to know before starting any other thing will be learnt as time goes on or as you continue your accumulation journey.
Your number 1and 3 information is correct, but this few things you listed here can not guarantee success to a beginner who is just getting started with bitcoin investment. As a beginner who is getting started this are the Basic things you need to know for Example:
Risk management: As a beginner is very important to learn about risk management so as to be able to manage your risk carefully, if your risk is to hold for long term then you Stick to it regardless the up and down
Of the market.
High volatility: bitcoin in known for its wild price swings, one day bitcoin can hit a new ATH, the next day it could drop by 20% as a beginner you also need to understand this to avoid selling your holdings with panick.
Security: A beginner need to get Smart about security, one of the important aspect of
buying bitcoin is storing it safely in such a way that scammers will never have access to it, the same thing applicable to your wallet seed phrase, if you're to save it offline you need to keep it out of the reach of children/ people.
Choose your wallet: there are a lot of wallets out there so a beginner need to be very careful to avoid choosing the wrong wallet.
Last but not the least, A beginner need to understand that is a must to invest from discretionary funds which is the Left over after all expenses is being figured out. This are the basic things a beginner need to know before getting started with bitcoin investment.