As a newbie that is new in the game all you be craving for is to know more about what you are about to put (invest) in your money and how can you do that is by making your own research online, linking up with experience bitcoin expert to learn more from them. Secondly,
Have it in mind that bitcoin is not a get rich scheme or a fast money making machine that you can just jump in and get wealthy over night, due process must be observed step by step, you must know the basic format and techniques when investing in bitcoin.
Most importantly, always invest with your discretionary funds (cash left after all bills been settled) so that you wouldn't be fasle to temper with your investment when financial issues arises.
Yeah you are correct, as a newbie you need to know what you are about investing your money into very well, and yes just like you said making your own research online and also linking up with those who have more knowledge about cryptocurrency, doing an online research for yourself is very important some newbies get into cryptocurrency without doing a proper research about cryptocurrency investment and that made them have some issues that lead to losing a lot of money some even got angry at some point and stopped investing.
Yeah you are also correct Bitcoin investment is not a Ponzi scheme where they tell you to invest today and get your huge amount of profit in two weeks time, in Bitcoin investment you have to buy and then hold for some years except you are a Bitcoin trader which is very risky, I will advise every newbie to focus on accumulating Bitcoin and holding for long term than engaging in Bitcoin trading.
Yeah when you are investing in Bitcoin you need to use only your Discretionary income, if you go beyond that then you will get into a financial problem, because if you use your money meant for paying your bills to buy Bitcoin what will you then use to pay your bills so use only your Discretionary income to accumulate or invest in Bitcoin.