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If a person starts investing by acquiring only basic knowledge and then if he continues investing without acquiring any more knowledge, then he may collapse after a while. For example, due to lack of proper financial management, due to wrong decisions about investment, etc. Therefore, it is very necessary for a person to gain knowledge after investing.
What you are saying here is very true, basic knowledge alone about Bitcoin is not enough for a Bitcoin investor to have an be successful on the longer run, what all Investors are advice to do after starting is to seek for more knowledge on Bitcoin and what needs to be done to hold effectively, like having an emergency and reserve funds in place so that if for any reason an emergency situation arises in the future, you wouldn't have to fall back to your investment for survival or dip hands into your investment just to sorts out one emergency needs.
Lack of the right knowledge is mostly the brain behind most Investors failing in their investment, that's why going for more knowledge on Bitcoin is very much fundamental to the success of your investment.
I don't think it's right to invest in Bitcoin with just basic knowledge. You need to have a good understanding of the important fundamentals of investing, including Bitcoin. Because if you don't know the fundamentals of investing, you are likely to make mistakes in the future, and making the wrong decision when it comes to investing in BTC never brings anything good.And it's not takes a lot of time to achieve these fundamental knowledge of investing in bitcoin.What you said is important point to have an emergency fund and a reserve fund when investing for a long time. However, an investor should not just focus on fund management and regular Bitcoin purchases, he should have long-term thinking and decisions.
When a person reaches the over accumulation stage after a long time of buying Bitcoin regularly through discretionary income, then the most important thing for him should be to maintain those Bitcoins properly. The maintenance stage should be taken seriously by all investors. If the maintenance stage is managed properly, he will be able to enjoy the result of his hard work through the sustainable withdrawal stage for a long time. At this point, based on the average growth rate of Bitcoin, he can sell some of his Bitcoin holdings to cover all his future expenses. When he sells a certain amount of Satoshi every month, the value of the Bitcoin he has left will continue to increase over time, so the value of his Bitcoin holdings in the over-accumulation stage will not decrease much.