A lot of people overcomplicate Bitcoin at the start, thinking they need to know every single detail before they even make their first move.. But the truth is, time really does not wait for anyone, and the earlier you start, the better your position in the long run.. Even learning along the way feels more natural once you already in the game..
Like you said, the basics, how to buy, where to buy, and how to keep your Bitcoin safe, are more than enough to begin with.
Yes, it's undeniable that there are still some, and perhaps many, people who complicate things before investing in Bitcoin. Perhaps these people are typical of perfectionists, and that's why, when they invest in Bitcoin, they need to understand the details before jumping in. I think this kind of behavior can be a waste of time. Investing in Bitcoin is essentially simple. We just need to know how to buy it and how to store it in our wallet. What's even more unique is that investing in Bitcoin doesn't require the hassle of reading news related to it, like stocks or other assets. Basically, investing in Bitcoin is simply buying, holding, and that's it. So, in reality, there's nothing complicated about investing in Bitcoin.
It does not take much time to acquire basic knowledge before investing in Bitcoin. However, many people take time to understand the right way to invest or start investing without understanding it properly, resulting in losses in the future. Before investing in Bitcoin, it is necessary to understand the right way to invest and think long-term about how to manage that investment. As a result, the chances of investment success increase.
If someone studies the nature of Bitcoin's price fluctuations and its growth rate in the past, he will understand that he will have to invest for a long time. He should invest for a minimum of 4 to 10 years.After this, the price of Bitcoin fluctuates in the short term. No One can make accurate predictions about when the price will be low or high. If he understands this, he wil not wait for the investment when the price DIP. He will not use Bitcoin like a gamble by investing in a short term. As a result, he will be able to invest by following the DCA method as the right decision. After this, the issue is that the investment is done for a long time. Many types of financial problems arise in daily life. In daily life, in order to solve such problems, he will form an emergency fund and reserve fund, as a result, he will be able to solve the problem without selling any bitcoins, as a result, he will be able to continue investing for a long time.