Of course, it is very important to gain proper knowledge before investing in Bitcoin. Investing without gaining proper knowledge is like going out on the road blindfolded and any danger can happen at any time. If you start investing without understanding how Bitcoin works, you will make wrong decisions at any time, such as deciding to buy from the wrong place or deciding to sell at the wrong time. In addition to proper knowledge, long-term investment planning, strategy, market analysis and patience are very important for successful investment.
Bitcoin investment, if you do not rush into it and are aware of the risks, planning a small investment can bring success in the long run. It is very important to understand when to invest in the market and when to sell, otherwise the risk in the investment increases a lot. You should wait patiently for the right time to buy or sell.
That is very true, I have come to realize that now. When I first heard about Bitcoin, I thought it was just about buying and waiting for it to go up. But after starting, I saw there is a lot more process involved, like timing, planning, and understanding the market. I have made some wrong moves, but I am also learning bit by bit. I am beginning to see the importance of being patient and not rushing into things... Small, wellplanned investments really do make more sense in the long run. I am just trying to build my knowledge slowly and stay consistent.
just like you, every investor has his own starting point when all they knew was just the information others feed them with and the little they also got from personal research. but that is just the entry phase, the main phase start when
you actually buy bitcoin. once you start buying with the goal of holding your bitcoin and not selling it, you don't need to stress yourself too much regarding ;learning about some complex things about bitcoin or trying to do too much market analysis before you can buy as suggested @fredericktaylor. doing too much analysis when like determining the perfect time to buy or trying to know if you should sell once the price of bitcoin goes up will push you to reasoning like a trader that is just in for the short term gain of bitcoin.
no one can take out the place of getting proper foundational knowledge that will help you to remain grounded as an investor but such foundation knowledge include things like;
knowing how to buy bitcoin, knowing how to secure your bitcoin, knowing the place place to secure your store your bitcoin, knowing the right bitcoin investment strategy that will work for you based on the peculiarity of your income and knowing how to stay invested for the long run while still managing other aspect of your life. once this is well figured out, you are definitely on a right track to get started in your investment journey.
you might not know too much about the technical part of bitcoin and might not be too good at your speculation, those does not really affect your investment journey as a newbie because wether you know about them or not, it does not affect the volatility of bitcoin and so there is no way it will also affect it. it is just best to focus on things that matters to you and that will help you become a better investor, that is what will give you the best heads-up as an investor.