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.
Priority should not only be on understanding personal finances but also getting a basic knowledge of how Bitcoin investment works both are very necessary because if you don't have one of them you will suffer it and you may not have successful investment because there will be some slack. I don't understand what you mean by a few minutes of chart analysis is enough to get basic understanding, perhaps you are mistaken Investment to trading because in investment we don't have any business with analyzing charts rather that is what traders does so don't complicate or contradict things for newbie before they start thinking on how to analyze charts.
Well you to know that you need to have the knowledge of the chart as someone who is investing, is not all about belief that the coin will constant go up, but at least an investor should know the right time to invest in any coin
You don't just buy like that there should be at least risk management not because the coin will change trend but because of your emotions, sometimes retracements are dip and it gives some investors anxiety and fear,
But if you understand the chart enough to know that you will have to buy when the coin is in a retracement, you bought well one even if it will go lower you certainly know that it will still push back up
But if there is another that knows nothing about the chart and buys at the wrong time probably at a high, when it's time for retracement your present equity will be red for a very long time lol
The point is that you need to have knowledge about the chart and also Have a skeletal analysis of what your in investing on, at least the high and the retracement
Wait for the dip... buy and hold