Basic knowledge is enough.

[terrific]

Basic knowledge of investing for overall is to use your own money. While the rich can leverage the bank's money.
That's because they have a way of paying that debt if ever it turns out to be a failed venture for them.
But for someone who's starting or who doesn't have so much resources, you'll have to think of how you'll be able to pay that.
So it's a simple decision to never borrow just for you to get invested, and that's common knowledge everyone.

[Abu-Naim]

You must not have a degree in Bitcoin or years of learning before you can invest in Bitcoin. Basic knowledge is enough!
So
What are this foundational informations and practicable skills in Bitcoin investment?
As in,
what are the basic knowledge in Bitcoin investment?

Exactly, you must not have a degree in cryptocurrency or in Bitcoin before you can invest in Bitcoin because cryptocurrency is vast, you can’t know it all. You only need to learn the aspect you want to focus on and leave the rest or learn gradually because it is not something you can just learn all at once.

To start your Bitcoin investment, you need to know how the Bitcoin transaction works, know public key, know about keys and addresses, and also know about seed phrase, private key and so on because you will need a wallet to save your purchased Bitcoin into, and you also need to the difference between centralized exchanges and wallets, also you need to know that the Bitcoin price is volatile, so risk is involved.

[Webetcoins]

You’re right, you don’t need to be an expert to start with Bitcoin. Basic knowledge is enough, but it should be the right basics. The most important things to know are simple. First, understand what Bitcoin is and that its price can go up and down a lot. Second, learn how to store it safely using a wallet and why your private keys must be kept secret. Third, know how to buy small amounts and avoid investing money you can’t afford to lose. It’s also important to recognize scams and avoid “too good to be true” offers. Once you understand these basics, you can start small and learn as you go.

Not with buying up bitcoin, that you can do with basic knowledge it is true. But when it comes to actual trading? That is where you are wrong, you need more than basic knowledge to make this work, other than that you are right but trading itself is a very tough thing and you would need to do a lot better otherwise you will not be happy about it at all.

There are many people who are wrong and do not do a very good job, but if they know what they are dealing with, then things could go wrong.

[Iranus]

Basic knowledge of investing for overall is to use your own money. While the rich can leverage the bank's money.
That's because they have a way of paying that debt if ever it turns out to be a failed venture for them.
But for someone who's starting or who doesn't have so much resources, you'll have to think of how you'll be able to pay that.
So it's a simple decision to never borrow just for you to get invested, and that's common knowledge everyone.

I do not recommend borrowing money for investment because it is quite risky. However, saying that you should never borrow money sound absolute and somewhat extreme.

If people can borrow money to start a business, why can not they borrow money to invest?

However, that will depend on each person's economic situation and plan. If you have a stable job and a decent income, and you can pay off that debt with your salary. Taking out a loan for investment purposes is not necessarily a bad idea or something to avoid. Conversely, those with unstable incomes should steer clear of this idea.

[tbct_mt2]

I do not recommend borrowing money for investment because it is quite risky. However, saying that you should never borrow money sound absolute and somewhat extreme.

If people can borrow money to start a business, why can not they borrow money to invest?

However, that will depend on each person's economic situation and plan. If you have a stable job and a decent income, and you can pay off that debt with your salary. Taking out a loan for investment purposes is not necessarily a bad idea or something to avoid. Conversely, those with unstable incomes should steer clear of this idea.

They should not borrow money for anything because it only increases or escalates risk so if they can avoid it, they should not make any loan. Life is not easy and also unpredictable so sometimes people will need to borrow money from someone for something important at that time. My emphasis is "important things at that time" life an accident that needs urgent money to use, in such emergency situations, make a loan is acceptable as even be able to get a loan is already a gift for you at that time.

Otherwise, if it is taking a loan for investment, I don't see it as "important thing at anytime" so I agree with "should not borrow money for investment" advice.

[tygeade]

Basic knowledge of Bitcoin may not have a direct definition but explanation of it can answer the question and help someone(newbies) who needs it to start their Bitcoin investment journey.
When you say basic knowledge, it means foundational requirements in informations and practicals necessary to get started in a particular thing or area of life.
Talking of Bitcoin, that means foundational information and practicable required to start Bitcoin investment, that's the basic knowledge of Bitcoin investment.

You must not have a degree in Bitcoin or years of learning before you can invest in Bitcoin. Basic knowledge is enough!
So
What are this foundational informations and practicable skills in Bitcoin investment?
As in,
what are the basic knowledge in Bitcoin investment?

It's not only information about investment, basic knowledge consists of Bitcoin's history from beginning until now, usage of wallets, custodial and non-custodial, understanding of exchanges and their usage, knowing where and where not to keep your assets, and knowing how to send and receive cryptocurrencies with no errors because you can't undo a transaction once it is done. These are the very basic things that a person should know before they start making investments in Bitcoin because without these, you will not be able to manage your investments properly.

One might argue that a person should also have knowledge of the market, it is true that they should know about bear market and bull runs, but they don't need technical knowledge or understanding of the market only to start making investments, however, to avoid panic selling, it's important for them to understand how cycles work and how Bitcoin recovers and regains its value after a correction or a dip. If someone knows all these things, they can surely start making investments without any problem.

[GiftedMAN]

The basic knowledge every beginner should have about bitcoin is firstly knowing what Bitcoin is all about. After that, know about privacy and security of your funds. This helps you to better select the best wallets to even use to save your Bitcoin. Don’t fall for the hypes, focus more on consistency. Be well informed about happenings around the crypto market, don’t get too comfortable and put your portfolio in danger. There is more to learn about bitcoin as the knowledge is unending, but having this basic knowledge will help you going further to build a robust and the best investment in bitcoin overtime.

Well said, being able to acquire the basic knowledge and understanding of Bitcoin will help one to get to know what they are involving themselves into, which will be of help to them, in order to guide and support them in every area. Though, there are things that they will need to experience, as some things are best thought when one experience it, so that they can know the right techniques to apply and how to apply them properly m, which they will also know how to manage the risks involved and give them the understanding that consistent and patience is the best key for one to stay learning, strong and be able to achieve their goals.

[Powerjumboo]

Basic knowledge of Bitcoin may not have a direct definition but explanation of it can answer the question and help someone(newbies) who needs it to start their Bitcoin investment journey.
When you say basic knowledge, it means foundational requirements in informations and practicals necessary to get started in a particular thing or area of life.
Talking of Bitcoin, that means foundational information and practicable required to start Bitcoin investment, that's the basic knowledge of Bitcoin investment.

You must not have a degree in Bitcoin or years of learning before you can invest in Bitcoin. Basic knowledge is enough!
So
What are this foundational informations and practicable skills in Bitcoin investment?
As in,
what are the basic knowledge in Bitcoin investment?

Do you think the basic knowledge to learn Bitcoin is very easy and do you think Bitcoin Sheka is very easy? If you think it is very easy, I would say that you do not know much about Bitcoin. People have been trying to learn about Blockchain for years but people are not learning completely. The more they learn, the better they will discover. There is no end to learning in this world. With just basic knowledge about Bitcoin, you can move forward and invest, but you will not know much about Bitcoin and Blockchain, so I think nothing should be taken lightly.

[tbct_mt2]

Do you think the basic knowledge to learn Bitcoin is very easy and do you think Bitcoin Sheka is very easy?

Learning anything is difficult with people who don't want to learn but whenever they change their attitude and ready to learn, their learning progress will go fast enough especially learning basics.

What is Bitcoin Sheka?

If you think it is very easy, I would say that you do not know much about Bitcoin. People have been trying to learn about Blockchain for years but people are not learning completely.

You are turning from learning basics to completely learning about blockchain or Bitcoin, do you know that they're very different learning levels?
Like from learnmeabitcoin.com website, there are learning resources for beginners and advanced levels but even at the advanced levels, it does not mean you can learn everything about Bitcoin with that resource.

https://learnmeabitcoin.com/beginners/
https://learnmeabitcoin.com/technical/

To use or invest in Bitcoin, people can learning fundamentals for their start and later journeys too, as their purposes are not programming like Bitcoin developers.

[Rockstarguy]

Having basic knowledge is very important in trading because it makes it easy to understand everything else when you plan to gain further knowledge in trading. However, it is important to understand that basic knowledge is not just enough; you need to aim for more knowledge.

 To succeed in trading, one must acquire a sound understanding of the subject, as trading is very complex and changes over time. If you only have basic knowledge, it might not be sufficient in the future.

[SquallLeonhart]

Do you think the basic knowledge to learn Bitcoin is very easy and do you think Bitcoin Sheka is very easy? If you think it is very easy, I would say that you do not know much about Bitcoin. People have been trying to learn about Blockchain for years but people are not learning completely. The more they learn, the better they will discover. There is no end to learning in this world. With just basic knowledge about Bitcoin, you can move forward and invest, but you will not know much about Bitcoin and Blockchain, so I think nothing should be taken lightly.

He never mentioned about how much knowledge there is to be gained, or whether it is easy to learn about the technical side of Bitcoin, but he simply said that one doesn't need a lot of knowledge, especially technical knowledge, to actually start making investments, and he is not wrong about that.

There is no doubt that one won't be able to learn everything very quickly, especially if they try to learn about the blockchain, the technical aspects, mining and how it works, and a bunch of other stuff that a person without prior knowledge in the field would never understand; however, gaining basic knowledge is not that difficult.

I always say that for a newbie to get started with their Bitcoin journey all they need to know is the history of Bitcoin, like who created it and when it was created, and what it was created for, and they should know what its price was in the initial days and how it grew into what it has become today, and after that, they should have knowledge about wallets and how they can use them, they should learn about how they can send and receive cryptocurrencies from one place to another, and that's pretty much all they need to know. Of course, they will also need to know how to use exchanges so that they can buy and sell their bitcoins easily.

[Youngrebel]

Having basic knowledge is very important in trading because it makes it easy to understand everything else when you plan to gain further knowledge in trading. However, it is important to understand that basic knowledge is not just enough; you need to aim for more knowledge.

 To succeed in trading, one must acquire a sound understanding of the subject, as trading is very complex and changes over time. If you only have basic knowledge, it might not be sufficient in the future.

Basic knowledge is just the foundation and it helps you understand charts, and how the market works, but it won’t carry you very far on its own. In trading, the market is always evolving new strategies, changing market conditions, and even shifts in psychology. If you stay at a basic level, you will likely struggle when things stop behaving in a simple or predictable way and that is why deeper knowledge like risk management, market structure, and emotional discipline, becomes what actually separates consistent traders from the rest. Also, it is not just about more knowledge, but better application. Many people keep learning but never practice properly or review their mistakes. Growth in trading comes from combining knowledge with experience, adapting over time, and understanding that learning never really stops.

[justdimin]

I do not recommend borrowing money for investment because it is quite risky. However, saying that you should never borrow money sound absolute and somewhat extreme.

If people can borrow money to start a business, why can not they borrow money to invest?

However, that will depend on each person's economic situation and plan. If you have a stable job and a decent income, and you can pay off that debt with your salary. Taking out a loan for investment purposes is not necessarily a bad idea or something to avoid. Conversely, those with unstable incomes should steer clear of this idea.

They should not borrow money for anything because it only increases or escalates risk so if they can avoid it, they should not make any loan. Life is not easy and also unpredictable so sometimes people will need to borrow money from someone for something important at that time. My emphasis is "important things at that time" life an accident that needs urgent money to use, in such emergency situations, make a loan is acceptable as even be able to get a loan is already a gift for you at that time.

Otherwise, if it is taking a loan for investment, I don't see it as "important thing at anytime" so I agree with "should not borrow money for investment" advice.

Borrowing might be a good thing if we know how to make financial planning. Without knowing how to manage our finance, taking a loan is only going to dent our financial situation. Some people have made this as their habit to take a loan at the start of the months and pay the loan every month end. A very common example would be credit cards.

People use credit cards left right and centre without thinking twice about the repayment. These people have piles of debt sitting right in front of them which they barely can pay but still enjoy their life just because they have a good credit limit as of now.

Borrowing money to invest is a big mistake most of us might have made in the past. Borrowing money comes with huge burden and if in case the burden is not paid off, it goes with us to the grave spoiling our reputation. I would never recommend anyone to take loan just so they can invest in cryptos.

[Arenga pinnata]

Basic knowledge of investing for overall is to use your own money. While the rich can leverage the bank's money.
That's because they have a way of paying that debt if ever it turns out to be a failed venture for them.
But for someone who's starting or who doesn't have so much resources, you'll have to think of how you'll be able to pay that.
So it's a simple decision to never borrow just for you to get invested, and that's common knowledge everyone.

Wealthy people take out loans from banks not because they lack sufficient capital, but because they are employing a kind of leverage strategy. They prefer not to touch their personal assets when starting a business. They prefer to use bank money because this also indirectly allows them to slightly reduce the taxes they would otherwise have to pay. And sometimes the debt they owe to the bank is also called productive debt, meaning the money is used for ventures that generate far greater returns than the interest charged to the borrower.

And the wealthy don’t invest using borrowed money either. Instead, they invest the profits from the businesses they operate. So the scheme is, they borrow money for their business, generate profits, and reinvest a portion of those profits. Consequently, the wealthy rarely sell their properties because those properties are their investments, unless their business is struggling.

[Big Dirams]

Having basic knowledge is very important in trading because it makes it easy to understand everything else when you plan to gain further knowledge in trading. However, it is important to understand that basic knowledge is not just enough; you need to aim for more knowledge.

 To succeed in trading, one must acquire a sound understanding of the subject, as trading is very complex and changes over time. If you only have basic knowledge, it might not be sufficient in the future.

Basic knowledge is just the foundation and it helps you understand charts, and how the market works, but it won’t carry you very far on its own. In trading, the market is always evolving new strategies, changing market conditions, and even shifts in psychology. If you stay at a basic level, you will likely struggle when things stop behaving in a simple or predictable way and that is why deeper knowledge like risk management, market structure, and emotional discipline, becomes what actually separates consistent traders from the rest. Also, it is not just about more knowledge, but better application. Many people keep learning but never practice properly or review their mistakes. Growth in trading comes from combining knowledge with experience, adapting over time, and understanding that learning never really stops.

You do have a point, basic knowledge only won’t take us too far in cryptocurrency most especially when it comes to trading.  In trading basic knowledge plays it own role too though but there are many other factors that do plays a big role in trading and you did mentioned some important aspects.
 Basic knowledge will only give us little information about the market but in trading one need more than that to survive for so long. We need to get our emotions in check and also one need to understand that risk management is a big priority for a trader to take into consideration because it part of what determines our journey in tradijg either we staying for long or not. 

[Botnake]

Basic knowledge of investing for overall is to use your own money. While the rich can leverage the bank's money.
That's because they have a way of paying that debt if ever it turns out to be a failed venture for them.
But for someone who's starting or who doesn't have so much resources, you'll have to think of how you'll be able to pay that.
So it's a simple decision to never borrow just for you to get invested, and that's common knowledge everyone.

Well it all boils down how you can manage your funds so that it won't go into waste. Bitcoin is a high-risked asset, if you invest blindly, you will definitely lose the whole investment journey. But with basic knowledge applied, and sufficient amount of cash that is not borrowed but a spare one, bitcoin investment will most likely end up with success.

However, knowledge and strategy won't be enough, but a good amount of patience can go a long way. You don't just focus on the fundamentals alone, but understanding how psychology works with bitcoin investment heightened the potential success.

[barbara44]

being able to acquire the basic knowledge and understanding of Bitcoin will help one to get to know what they are involving themselves into, which will be of help to them, in order to guide and support them in every area. Though, there are things that they will need to experience, as some things are best thought when one experience it, so that they can know the right techniques to apply and how to apply them properly m, which they will also know how to manage the risks involved and give them the understanding that consistent and patience is the best key for one to stay learning, strong and be able to achieve their goals.

But these beginners should keep in mind that only knowing the basics will never make them earn profits. They will need way more advanced knowledge and ability to take risks. Sometimes, people think they know enough to start investing just with the basics but it is at the end when they get to know how big mistake they made which made them lose their entire balances.

I think people usually rush towards investment because they can't wait as they might lack patience. These people do spend some good time in learning the basics but do not really care learning more once they know the basics. I think for such people, experience will teach them a lot. Even if they enter the market after learning the basics, they can make mistakes while investing. These mistakes will be their guru and will teach them a lot in future.

[aylabadia05]

Basic knowledge of Bitcoin may not have a direct definition but explanation of it can answer the question and help someone(newbies) who needs it to start their Bitcoin investment journey.
When you say basic knowledge, it means foundational requirements in informations and practicals necessary to get started in a particular thing or area of life.
Talking of Bitcoin, that means foundational information and practicable required to start Bitcoin investment, that's the basic knowledge of Bitcoin investment.

You must not have a degree in Bitcoin or years of learning before you can invest in Bitcoin. Basic knowledge is enough!
So
What are this foundational informations and practicable skills in Bitcoin investment?
As in,
what are the basic knowledge in Bitcoin investment?

Once you understand the basics—what Bitcoin is, why it exists, and what it was created for—the next essential knowledge covers how to acquire Bitcoin and how to secure it. Then, where to store it.
It sounds simple in theory, but in practice, you must be careful not to make mistakes. Securing Bitcoin requires solid knowledge to keep it safe, because while you can acquire Bitcoin by spending money to purchase it,

Moving on to investment. Once all those basic questions have been addressed, the goal of choosing Bitcoin for investment is already established. Investments can be short-term or long-term. Generally, investments are made for the long term. If you have only limited knowledge about how to secure your assets, long-term investments will be vulnerable to attacks.

[Joy- maker]

What are this foundational information's and practicable skills in Bitcoin investment?
As in,
what are the basic knowledge in Bitcoin investment?

If you are someone who is serious about bitcoin investment, the foundational things you need to know about bitcoin is what bitcoin is, volatility, supply and scarcity, market cycles and risk vs reward. while the practical skills are, how to avoid emotional decisions, risk management, how to use wallets, and how to use exchange to purchase bitcoin.

After knowing what bitcoin is and the other things i mentioned, as well as the practical skills, then you check if you have discretionary income or money, you won't be needing anytime soon, because those are the funds you should be investing in bitcoin.

Because if you invest bitcoin with money meant for your basic needs or expenses or money you will be needing anytime soon, you may say your bitcoin investment at early stage of accumulation. So, the money you should be invest in bitcoin is the leftover after you must have subtracted money for your fix expenses, as well as money for your basic living expenses.

[Emitdama]

While it is true that you are not going to "need" a comprehensive info about investing, you do need that for trading. If your aim or goal is to get rich quick, then you will be upset here. The basic info is enough to start investing some to bitcoin and putting that aside and waiting, that's good and it's a good DCA method that makes a lot of people rich, even the richest people do that.

But if you want to trade, then it will require extensive knowledge and information regards to it because it's not going to be easy and a lot of people will end up with problems. We should be considering how this could be very difficult in the end, and for that reason we should be considering how this could be done.

Sure, investing is mostly about HODL'ing but we still need that comprehensive info at first, especially when one is a complete noob on crypto or even on other types of investments. This is because there are so many assets that one can choose from and then not all are legit to begin with. We literally can be upset if your goal is get rich quick and then we will follow the traditional method of investing, you know by doing stuff like DCA and other less risk methods, as they are literally slow.

But good news for those greedy and impatient peeps, we now have pumps and dumps such as meme coins here in crypto that they can gamble their money with. Speaking of the word gamble, they are actually free to be careless knowing that they only put minimal amounts or try to be more serious by implementing that comprehensive info right there.