It's safe to say that when you're considering investing in anything, especially something as risky as Bitcoin, it's crucial to learn a deep understanding of it. This not only builds confidence in your investment, but also helps you expand your knowledge and increase your profits.
Many people especially beginners sometimes buy Bitcoin without thorough knowledge simply following trends especially now that Bitcoin is at a high price. However they won't be prepared for the high price fluctuations that can lead to panic. However if you have knowledge and have thoroughly studied Bitcoin when fluctuations occur they won't panic because they know that price fluctuations are perfectly normal and can even present opportunities to buy at a discount and hold for the long term. In short investing in Bitcoin requires not only knowledge but also mindset to ensure long term investment.
It is never possible for a person to acquire complete knowledge. A new person never needs complete knowledge to start investing. If a person has basic knowledge about Bitcoin, faith in Bitcoin and a source of discretionary income, then he can start investing. If a person waits to invest to gain knowledge, he may miss out on many purchases and opportunities, falling behind in the goal of building a portfolio.
Starting investing is necessary. First, a person has to start investing and after starting investing, he can gain knowledge. If he gains knowledge after starting investing, he will not fall behind in building a portfolio, he will not miss out on purchasing opportunities. If a person does not do any work, he will never be able to gain experience in that work. By investing, he will gain experience and along with it, he will be able to gain knowledge.