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.
But I'll personally answer it more flexibly this time.
Ithink 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.
I know that no time is late to start your bitcoin investment no matter the price of bitcoin at that moment but don't you think that it's better for you to start earlier when you have your discretionary available with the basic knowledge of bitcoin. Instead of trying to have a good knowledge on bitcoin before starting. I don't see someone who has wasted some period of time in learning more about bitcoin to be in the same shoes with someone who only had the basic knowledge of bitcoin and started immediately.
Mr A that was busy wasting time in the name of learning might not be able to buy bitcoin at the price which Mr B bought. Mr B might have gone far in his bitcoin accumulation size and Mr A was busy having fun being a no coiner when he can be learning and investing at the same time. Mr B will have more experience in the market on how bitcoin works and how to control his emotions by using the right amount of money from his discretionary income and at the same time set up his emergency funds.
Mr A, might have all the thoery knowledge but Mr B will still do better than him because he learned more by experience and will be able to avoid mistakes that he has done in the past. In the long run Mr B will have more bitcoin than Mr A.