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.
A beginner does not need to analyze charts before epping a bag; that's the work of a trader. Basically, what a beginner needs to know is to understand Bitcoin and how the market works. He needs to know that Bitcoin is a volatile asset and the price changes and that there are two seasons: the bull and bear seasons. Another thing a beginner needs to know is wallet security. How to get a good wallet and store the Bitcoin safely. Then, he can start accumulating by using DCA, like you said.
You have given a very good argument. Newbies do not need much in-depth knowledge to invest in Bitcoin. If they have only some basic knowledge, they can make a long-term investment decision in Bitcoin.
I think 70% of new investors cannot survive, the main reason for this is the lack of right decisions. The Bitcoin market is always unstable and since there is no legal enforcement, the thing that can be observed among new investors is that waiting for a long time becomes a very difficult thing for them.
I think one thing that new investors must be aware of is that they can accept the instability of the market. You have to continue the investment activities keeping in mind the talent of losing money. In this way, you have to move forward bravely and after a long time you will be able to earn very, very good returns.
Understand the basic concept of bitcoin investment is not Rocket science, so I believe new investors can do well to improve their knowledge on the process while investing, however i stand to disagree with you about 70% new investors cannot survive, from the get go of your bitcoin investment as a newbie, you will should understand that your investment period would be a long ride, because bitcoin investment doesn't work like magic, you have to put in the grind by being consistent for a period of time, in any case most of the big investors today, started as newbies too, they all went through the ladder, so why won't new investors too go through that same route, if they really want to succeed.