Knowledge, patience, courage are the only way to invest in Bitcoin.

[SatoPrincess]

OP I like the order way you take lis your 3 steps. Knowledge must come first. Wetin you no know for crypto go kee you. You need the knowledge so you fit know wetin to do for the crypto market. The second and third one which is Patience and courage dey very important because sometimes e go belike say everything dey crash you go need get these two attributes to survive the bear season.

[sotelorene]

Your points are absolutely correct one can not make a successful investment without having a basic knowledge or idea of what he or she want to venture into because if they venture into it without a basic knowledge there is every tendency and possibility that they won't go far in there investment and just like I said basic knowledge because you don't necessarily need to know everything before you venture into investment but along the line you will be getting some knowledge that will help sharp your investment well.

However, like I said all your points are okay but one thing is finance, you can have knowledge about a particular investment, have patient and be courageous but if you don't have money you can not start the investment because you it to need to start and so finance is very necessary in any investment.

[Gost ms]

There are many people who invest in Bitcoin without proper knowledge and face losses in what they invest. And their idea about Bitcoin changes. Before starting Bitcoin investment, you need to have proper knowledge, patience, and faith. Because if you do not have faith in Bitcoin, you may get restless after seeing a small fall in the market and you may end up selling your investment.

[Promocodeudo]

There are many people who invest in Bitcoin without proper knowledge and face losses in what they invest. And their idea about Bitcoin changes. Before starting Bitcoin investment, you need to have proper knowledge, patience, and faith. Because if you do not have faith in Bitcoin, you may get restless after seeing a small fall in the market and you may end up selling your investment.

I agree with you on having faith, patience for one to scale through easily without any difficulty in the journey of Bitcoin investment but as for the proper knowledge It has to be basic, as a bitcoiner you can't learn everything in a day, you start from somewhere to get to your desired point, Bitcoin investment has to do with gradual process, a newbie shouldn't be in a haste to be a guru in Bitcoin investment, there must be step by step procedure which will begat the success that every individual investor is looking out for, understanding the concept of Bitcoin keeps you away from any form of panic, as a new investor you should understand that Bitcoin is not an investment that you should be expecting profit from immediately, you must be part of the market and understand that even though the market dips, it is not a permanent thing, it can upsurge too at any given time and  with this understanding an investor wouldn't want to shiver or take premature decisions when the market doesn't favour his or her expectations,

[Sticky Bomb]

I follow these three things for Bitcoin investment, which is a revolutionary step in Bitcoin investment.

Knowledge, patience and courage play a very important role in investing in any cryptocurrency, not just Bitcoin.

Bitcoin is a volatile market, so I guess if we review it with a little importance, we can be successful through these three steps.

Knowledge: In the cryptocurrency world or crypto market, Bitcoin is a topic that is creating a stir in the world. Recently, it is being considered as the center of discussion at all political, economic, and social levels. Therefore, we need to expand our knowledge in such a way that we know about the Bitcoin market type and its technology and invest by understanding the market fluctuations and (volatility) i.e. instability.

Patience: Bitcoin is volatile and the market can fluctuate, investors need to review these issues patiently and prudently. Short-term investments can cause loss of money, so you may have to be patient and make long-term savings decisions. This long-term savings can bring you the right results.

Courage: Investors should move forward with courage without fear of market decline or crisis and make decisions based on accurate information and invest in that light. If you invest wisely without taking excessive risks, you will achievement success with success.

I think that if you follow these steps, there will be no obstacle in preparing yourself for Bitcoin investment. Above all, it is desirable to prepare yourself completely for Bitcoin investment and have a long-term mindset.

Everything you wrote above applies to only bitcoin and not altcoins, because there's no amount of knowledge that you will have to know tge right shitcoin to buy that will give your profit. Also it's impossibe to know the next price movement, so why wasting time to learn about the market, when you are only buying and hodli overtime. Newbies shouldn't invest in any coin aprt from bitcoin.

Shitcoins are for trading, smart contracts creation and other things apart from holding, reason being that their foundations doesn't indicate them being a store of value unlike Bitcoin which is a store of value and a hedge against inflation and Fiat depreciation.

If all these steps are applied to any altcoin or shitcoin, I would call it misplaced priority to some extent since it's crystal clear Bitcoin dominates all of them and have provided everyone an equal opportunity at investment.

[Baki202]

There are many people who invest in Bitcoin without proper knowledge and face losses in what they invest. And their idea about Bitcoin changes. Before starting Bitcoin investment, you need to have proper knowledge, patience, and faith. Because if you do not have faith in Bitcoin, you may get restless after seeing a small fall in the market and you may end up selling your investment.

Knowledge is something that people are avoiding but the most important because when you look at it you will have to have enough, because people that have knowledge will know that loses is not a bad thing because people are always looking for excuses to actually bail out. Because knowing is power because, a lot of people are always underestimating the knowledge. And there other needed factors like patience because people want money but they are not patient enough to follow the whole process that is investing needs. Does that are trading don't want to wait anymore for the right time and holders to the moment there is down fall people will start selling off there stuff which is not a good thing at all, so it will better to trust the process and if not that people are very impatient they will need to do everything possible, because investment company with commitment you have to be committed to what you are doing. And that is exactly what people are lacking.

[Egii Nna]

I think that if you follow these steps, there will be no obstacle in preparing yourself for Bitcoin investment. Above all, it is desirable to prepare yourself completely for Bitcoin investment and have a long-term mindset.

You won’t, most especially if you have a savings emergency fund that will be of very good help to you when you are in need of money for any emergency issue because most times those investors are not that patient to hold their bitcoin for the long term, but an emergency fund always affects them.

I am saying this from experience because my first investment plan crashed due to a lack of creating an emergency fund to help when I am in need. I have the belief that even if an emergency comes up, I will be able to lend money, but in the end, I end up selling my investment at a loss just to pay all the debt that I have accumulated, which is a big loss to me. But I take it as a lesson, and it will never happen in my life anymore.