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some people are just venturing into bitcoin investment without the Basic tools, and once you go into bitcoin investment without gathering some informations about how it works you will just be fucking around doing unnecessary things like market monitoring wasting time and later end up achieving nothing.
An investor does not need to know much before investing in Bitcoin. If he has the ability to invest for the long term, especially if he has a prudent income facility, then he can start his investment. Sometimes, spending too much time trying to acquire knowledge can exceed the limits of buying bitcoin. So if someone regularly collects Bitcoins according to his ability by doing DCA and at the same time he acquires knowledge about Bitcoin, then he will not panic. In the future, he will try to collect more Bitcoins. But when an investor tries to learn about Bitcoin without buying it, during that time, if Bitcoin temporarily falls, it can bring a big panic for him. That is why the step of buying Bitcoin should be taken first, after which a better idea about Bitcoin can be obtained.
Your points are not bad but from my perspective, as a new investor who truly wants to invest and hold for a longer period of time, then what is needed is a basic knowledge of which wallet is best, how to buy and how best to hold what is already acquired while trying to learn other important things in crypto.
It is not nice that we have the money at hand and instead of buying, we want to becomes guru in knowledge before acquiring and you already know what that means that, you will definitely miss out all the ride bitcoin had to offer those period while watching and trying to gather all the knowledge.
It is very much possible to accumulate and hold while we’re trying to learn and by so doing, we are using one single stone to kill two bird, those are the kind of privileges bitcoin and cryptocurrency offers.
@Belarge Bitcoin and crypto should be distinguished. When you use the word crypto, it refers to all digital currencies, most of which are risky for investment. Bitcoin should be valued as Bitcoin and not compared to other cryptocurrencies. Bitcoin has reached its current level as a result of the gradual adoption and investment of the intellectual community over time. The number of this community is gradually increasing around the world and following the example of El Salvador many countries are considering adopting Bitcoin as a strategic reserve. Globally Bitcoin is a store of value. It is better that avoid mixing it with hype based currencies. When you are aware of the correct use of the word other members will take your recommendations with attention.