that is why i always advise newbies over time that at your earliest stage of your Bitcoin journey it is always advisable to learn everything that you needed to know about Bitcoin investments .
Trying to learn all about bitcoin before getting started can be disturbing procastination might come in and you may not be able to start buying bitcoin, there are experience you will get when when you get started then waiting to learn everything before you start buying bitcoin, if you already have some little knowledge about and you also see that you have a discretionary income you can get started on that process you can be learning gradually about bitcoin and still be buying bitcoin and that will be the best because the time you will be waiting and learning bitcoin you can actually use it to be buying bitcoin using the dca method consistently and hold for long time.
So you mean without having any knowledge about Bitcoin, I can invest?
Firstly, let’s just be honest with ourselves, there is no rule anywhere that says you must know everything about Bitcoin before you can invest. Some people choose to learn first before they buy, while others just go ahead and invest first, then try to understand things later. It depends on the person and how they see things.
Because I don’t think someone can just wake up a day without knowing the process of how to buy Bitcoin and say he or she want to invest in Bitcoin, everything needs to be learned that is why it is advisable to know about Bitcoin before investing in it, i don’t think knowing about Bitcoin before buying is a wasting of time and it will never be a waste of time to me because in anything you do you have to know what you are doing to avoid regretting at the end.
Although time wait for nobody and there are different ways to invest in Bitcoin but some people find it difficult to understand, some people might be thinking negative about it or fear to not get scammed at the process when they never know much about Bitcoin, as far as Bitcoin is still in the market and everyone can invest in time with any amount you are capable of investing, I will advise for newbies should understand take their time to learn before taking action, it won’t take long and I believe they will understand.
But still, one thing I believe is that having some basic knowledge before investing is very important. Even if it is not everything, at least understand what Bitcoin really is, how it works, how to buy and store it properly, those small things can really help you in the long run. It gives you more confidence and makes you less likely to fall for scams or make careless mistakes.
The truth is, nobody is born with this knowledge. We all learn it step by step…. Some of us got scared because of stories we heard in our early days in Bitcoin, maybe about scammers or people who lost money… And it is true, there are few bad sides to it, but most of the fear comes from not knowing enough. That is why I always say that before you put your money into Bitcoin, try to understand it first. It won’t take forever, and it is better to be sure of what you are doing than to just follow hype….