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.
The first thing a newbie should know about bitcoin is how to secure their bitcoin and protect their wallet at all costs. This is very important because there are many people outside who are doing everything they can to ruin people's lives by scamming them. The second thing a newbie should understand is that Bitcoin is a long-term investment, bitcoin is not an investment that you should invest today with the expectation that the price will rise in the next month or year; rather, bitcoin should be considered a long-term investment.
The newbie should understand that bitcoin is an investment in which the investor must be patient. Patient is an important factor when holding bitcoin because some newbies are not patient when they see the price of bitcoin falling, some will decide to sell because they do not want to lose their money; if you are not patient, you can not to hold bitcoin for an long period of time. These are some of the things a newbie should know before investing in bitcoin.