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.
When it comes to investment, I think we should not plan to invest in any coin other than Bitcoin. As an investor, we should first give top priority to the safety of our money. If we invest in the wrong coin at the beginning of the investment, that is, if we do not select Bitcoin for investment but select another coin for investment and if we invest all our money in that coin, then we will not think about the safety of our money because there is no guarantee of these coins in the market. Now these coins may be in the market, after a few years these coins may not be in the market, or it may be that these coins are in the market but the value has decreased a lot. In this regard, Bitcoin is different from all other coins. This coin is in the market with reliability and will continue to be in the future, so those of us who are planning to invest should invest in this coin and continue to increase our investment and focus on increasing our investment more without selling.