What are the basics that the newbie needs to learn about bitcoin before getting started?
I think as a newbie what I need and require to start investing in bitcoin is a discretionary income and a little details and knowledge, how to buy bitcoin and also knowing a safe wallet to hodl our Bitcoin, discretionary income is very important, because some newbies makes that mistake of investing in bitcoin with money meant for paying for their expenses which I think it’s really not an effective way of investing into bitcoin.
I think we can be learning other things while we have already started investing into bitcoin.
You are right, in fact, to invest in Bitcoin, you must first have discretionary income. And you must have the ability to acquire knowledge. And that is, of course, maximum in humans. After that, you need to create a basic idea about Bitcoin for investment. The most important things to keep in mind when investing are Volatility, long-term vision, DCA(Dollar-Cost Averaging), risk management, security. If you invest patiently for 4 to 5 years, the possibility of making a profit is much higher. Every 4 years ends in a cycle. After that, the price of Bitcoin increases a lot. Which has happened in the past. So everyone should invest for at least 4 years after investment and complete a halving time .