Everyone who is new to investing in Bitcoin should do enough study on the above topics. Because the topics discussed are very informative for a new member. Before engaging in investment one should have adequate understanding about investment and then engage in investment. There is risk in investment but we should not invest if we cannot accept that risk. Then there is patience. Patience is very important for beginners especially when it comes to investing. Because if the market goes down a bit after investing the newbies and if they lose a bit of money then they should be patient enough during that time.  Because without sufficient patience it is impossible to succeed in investing. So it is very necessary for a new member to know about the above points.

Great post, I love those who prefer formatting it a bit with bold and italics, makes the post more detailed. Each and every point you mentioned to consider before investing in Bitcoin can also be applied to any investment asset in the whole world rather it be Tomatoes or Gold or anything. You should never spend your money on something which you don't know nothing about.

The only thing which was funny in the whole post was "Pray". I mean it's your calculation and your luck, no one can do anything for you

You don’t need actually to find a mentor and pay for it. The bitcointalk forum is open for everyone and is a perfect avenue to know everything about bitcoin investing. If you want to know how to invest in bitcoin and how to make it work and be profitable, just study and learn from the experiences of the other members who have investing in bitcoin for a long time. No need to hire a mentor or consultant as you would end up trusting  a scammer acting like he’s a professional investor when all he’s into is your money and then he’ll vanish like a thin air.

This might be funny for some but a life saver for many.  Although this does not affect the market movement of Bitcoin it does affect the person.  Praying gives hope for the believer.  With hope the person can exercise patient since they believe that if they waited enough their prayers will be answered.

All the list are pretty much very important when engaging a Bitcoin invest but it will be a breeze if a person investing into Bitcoin have enough source of fund to support himself all through out the investment period so that he won't have to sell his investment prematurely.

Ideally this is the basis before deciding to invest or not. because by having sufficient knowledge regarding Bitcoin, we will understand more about anything related to Bitcoin specifically and Cryptocurrency business in general and thoroughly. And with this understanding, it is hoped that newbies will really understand about investing in Bitcoin, which is not an instant way to get rich quickly. This is the initial capital of knowledge about Bitcoin. Because so far there are many newbies who expect to get rich quickly through Bitcoin. This is a wrong understanding.

In addition to having good knowledge, this will reduce the possibility of becoming a victim of scammers who always lure lots of money but in fact they are fraudsters or scammers who only want our money. This is also related to other security that needs to be considered very carefully.

While these points may not be groundbreaking, they are essential to consider before investing in Bitcoin. It's important to recognize that Bitcoin is not a get-rich-quick scheme. However, with sufficient patience, it is possible to earn money through Bitcoin investments. Newcomers should dedicate time to learning before making investment decisions related to Bitcoin. Otherwise, they may end up regretting their Bitcoin investments.

Newcomers have a tendency to invest in altcoins rather than bitcoins. They might think that to be profitable on bitcoin 2x - 4x it would take billions of dollars to move the market. I got that assumption from several friends, of course sometimes I can't force them to agree with what I believe, so that's a choice. Basically they have to have a high interest in learning in order to discover the fact that altcoins sometimes just become a trap for them. The desire to get rich quick is what many altcoin investors have, but we must not discriminate against their choices.

fathafraink - nice effort on this topic. But are you sure your topic can reach more beginners on bitcoin discussion boards?

If you were me - then maybe I would move this topic to the Beginner and Help boards, there you will reach a lot of beginners instead of on this one. Anyway your topic is already very common for many experienced users in bitcoin discussion - so consider my advice.

For newbies? I still think they would be investing more to Bitcoin rather than altcoin especially because Bitcoin has a large popularity and since they are just new, How come they will be aware of altcoins. I'd only agree if the newbie has his/her own knowledge of this industry, they might consider investing to altcoins simply because they'd have aan impression that its market value isn't that big and that it has a high tendency to make a price increase as project develops. To some newbies on the other hand, they think investing to altcoins as whole quantities (50 SHIB perhaps) is somewhat the same with buying 1 Btc however not all coins have the same market price movenent so definitely they're different.