What are the basics that the newbie needs to learn about bitcoin before getting started?
Beginners do not need to have a degree to invest in Bitcoin, as someone mentioned above, how to buy, which wallet is safe, about long-term holding, etc., gaining knowledge about these topics will be enough to invest in Bitcoin. And they can start investing by following the DCA method. They can start like this and gain more knowledge later.
New investors think that they need to know Bitcoin in depth first, but the real priority should be understanding their personal finances, such as cash flow, backup funds, and determining the size of their initial investment position. A few minutes of chart analysis is enough to get a basic understanding of Bitcoin. It is wise to start with small positions and gradually build up confidence and investment as you learn. This is why DCA strategy and proper financial management are essential. So that it is possible to continue investing regularly.
If an investor plans to invest and his favorite coin is Bitcoin, then I think he should not delay investing in Bitcoin if he has the ability, but should continue investing in Bitcoin as soon as possible. Many people say that before investing in Bitcoin, investors should definitely know about investing in Bitcoin, understand the market, observe the chart well, or try to understand the momentum of the candles. I think those who trade will understand these things well, but an investor does not really need to know so much. If an investor has the basic concepts of investment, he can start his investment journey and step by step he will be able to learn about all those things when he needs to know about the investment. I think that at this time, if we do not invest in Bitcoin even after knowing about Bitcoin, it will be foolish for us and we will regret this foolishness a lot in the future.