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.
Yes of cause you don't need to know everything about investment before you start investing
It's a process of learning, you can start with a little amount of money first then as time goes on as you begin to learn more about the investment you can be invest a larger amount of money
But before any one starts at least they should know the basic things about the coin like but at the dip and hold
But just starting without knowing any thing concerning the coin is just gambling.
This topic is often discussed, as everyone likely has a different perspective on the matter. But I'll personally answer it more flexibly this time. I think learning about Bitcoin before investing and learning about it after starting are probably the same, with the only difference being the timing. So, is there anything wrong with either? I don't think so. Both are perfectly good, and neither is inherently bad. Learning something before jumping in is certainly a wise decision. Just like swimming in a deep pool, to be able to swim, you have to learn first. It's impossible to jump in without knowing how to swim. So, perhaps that's how it feels to learn about Bitcoin before investing.
Then, people who don't learn about Bitcoin and jump straight into investing are like someone with great courage who jumps into a deep pool without proper preparation. But because that person has good courage, they can eventually swim. Because a person who has high courage will definitely, when he jumps into a deep pool, even if he is not good at swimming at first, he will definitely remain calm and analyze the existing situation. So, the bottom line is, there's nothing wrong with learning before investing in Bitcoin or after it's up and running. What I find less positive is people who don't invest in Bitcoin, even though they know its potential.
I'm just trying to see if I can expand on this, but first I will like to state that you can not invest in bitcoin yourself if you do not have the basic knowledge of what bitcoin is, at the very least you need to know what bitcoin is.
So on your point, I wouldn't want to quantify going into bitcoin investment with little knowledge as jumping into deep water without knowing how to swim, but more like getting into the pool from the shallow end, you can't swim but you are at no particular risk of drowning since you are still in shallow waters, to explain this I will be using an example, someone who doesn't know anything about bitcoin at all could throw in their entire funding into bitcoin investment thinking that it's a get rich quick scheme, doing this puts you in financial jeopardy so you need to at least know that bitcoin investment is long term and you should invest with your discretionary income to avoid bankruptcy on your own part as an investor.
Getting the full knowledge about bitcoin before investing will be like a swimmer preparing for a race with full diving gear and oxygen tanks, you are better prepared for unforeseen circumstances but you will be coming in deaf last at the end of the day because your gear will have delayed you.
So you don't need to know everything before you start to invest, you just need to know enough.