I will tell those who invest in Bitcoin hoping to get rich in 1 month or overnight brother this is your gambling mentality not investing.
Many people come to Bitcoin thinking that if they put in $1,000 today they will be able to withdraw double the amount invested next month. They expect huge profits overnight without understanding the market cycle.
When you invest with a timeframe of just 1 month then you are not an investor but a gambler. Because of this impatience these people buy when the market is pumping and sell at a loss for fear of the market dropping 10-20%. And they blame their greed on Bitcoin.
If you want to succeed in Bitcoin you have to throw the get rich quick mentality in the dustbin.

Your statement makes you appear like a trader who have studied technical analysis to the extent of cultivating the illusion that they have mastered the market. You cannot understand the market so well to the point of knowing with certainty where and when certain things will happen so thinking thaf you are mitigating against risk by waiting for the market is same thing like opening yourself up for mistakes and even bigger risks.

If we discuss sustainability,  then you will agree with me that waiting for the dip is a bad decision because it is never sustainable. A lot of things can go wrong due to waiting for the perfect time to be when there is nothing like perfect time in Bitcoin investing. So it is always better to adopt a continuous accumulation approach with long term goal so that you will not exhibit fear or worries when markets is taking its time to go through its phases.

What do you mean by basic knowledge? Basic knowledge generally does not mean that a person needs to know much about it except to know whether they have discretionary funds or not or whether they have calculated it correctly. Yes, there are people who do not have a single bit of knowledge about Bitcoin, they have just heard about Bitcoin and are willing to invest. Such a person can start investing by just figuring out how to buy Bitcoin and whether they are able to calculate discretionary income. One can start investing with a small amount of money and start gaining knowledge and as his knowledge increases, he can increase the amount of his investment.

The truth about this is that, most newbies comes to bitcoin investment with little or zero experience or understanding about how the market volatility operates, most of them decides to join bitcoin investment probably because they’ve seen or might have heard that a certain guy is doing so well in bitcoin investment, and they only thought the success of this guy happens overnight , they don’t really know how long the particular guy have been secretly accumulating and investing in bitcoin. By so doing, they also want to join so that they can also be like this guy, and as a result they start investing without taking proper account of their financial position, setting their priorities first especially taking care of their basic needs, they go all in with the mindset that afterwards, after few days the money will multiply and then they will be rich. But as the day goes by they waited to see results but instead of multiplying, reverse is the case. It is from this point they will start getting to understand that it doesn’t work the way they thought, and since they already might have invested with the amount they couldn’t afford to lose, they starts panicking and sell for fear of further losses, that was my experience when I got started. Bitcoin investment is a long term investment and so expecting quick profit might end up getting you disappointed because bitcoin is very volatile and for this reason folks should only invest with a discretionary income while adopting the DCA strategy to enable them still buy bitcoin at any market price and HODL patiently weather their entry level is when the market is pumping or not. Because obviously newbies are encouraged to set their goal on regular or consistent accumulation of bitcoin at any market price and hold to gradually build up a decent portfolio for long term gains.

You don't need to know much to start investing. If a person is able to calculate discretionary income, they can easily start investing and start investing and gain knowledge and expertise.

As you said, experience is needed to start investing, if a person does not invest, how will he gain experience. If you want to gain experience in any field, then you must do that and gradually you will be able to gain experience. Start investing with a small amount first and start investing and gain knowledge and expertise, all at the same time, it will be the best decision.

You should do it by trial and mistake, but it is not a great idea if you are at the same time taking a money risk that you cannot pay for. But it is fine to go step by step, as long as you are aware of the changes in price. I am a trader and know almost everything. But for Bitcoin I always use DCA.

Do not wait until you are an expert, was said. The first, and most important thing to know, is the very basics that bitcoin can lose 50%. If you have read this and you want to quit, you are not ready yet, no matter how much you put in.

I lost much in Coldcard issue but I will start it again and profit which I get from every trade I do the DCA in Bitcoin.

How long do you suppose it takes a beginner to gain the right mindset in bitcoin investment? Does he need more years or months or days to have the right mindset? The irony is that we spend more time on trying to learn what you may never learn and hiding it under the guise of learning the right mindset of which I doubt it takes beyond minutes to learn. A beginner wants to invest in bitcoin: he must have heard about it from friends, he has likely read about it on the media, he has his Discretionary income ready". What does he do, he decides to hold the future by buying bitcoin first. As long as he has bought the bitcoin with his Discretionary income, he would have  all the time to learn every other thing.

A beginner only has to understand that he is investing for the future, say 4 to 10 years as his initial HODLing period. During this timeframe, he may have seen reason to see his bitcoin as his retirement plan if he has actually been true to himself, investing with only his Discretionary income.

The real challenge is in breaking out of that initial confused state or whether or not a person should invest in bitcoin. If a folk has gone past the initial period, he has a stronger mind and uses their experience to HODL further. You may think you are trying to develop the right mindset and you will end up never investing in bitcoin.
You're right but still, don't think that when a person is able to hold his bitcoin for just one year, two years or even 3 years that he is now qualified to be called a bitcoin investor. Infact, holding bitcoin for only 4 years is still considered as a short term holding and your options are leaner as to what percentage return such person would have on his bitcoin. Bitcoin is volatile and pumps and dumps continuously and periodically shooting up beyond its previous resistance area. This is while having patience over a longer period of time raises your chances of having bitcoin shoot above various resistance periods repeatedly which means that even if you don't sell when market is at a new All time high, you may also never sell at loss because bitcoin would have consolidated far above your purchase price.

Market drop by 10 to 20% is almost the least decline that happens in bitcoin. We're currently witnessing a 50% decline from the All time high, so if a person panics at only 10 to 20% decline what would he do at this moment. Knowing what you're out for is very important as that's the passion that drives you through the thick and thin in bitcoin process.
It is not fixed that wanting to wait before investing in bitcoin means you will wait indefinitely, but it exposes you to chances of waiting indefinitely. No one intentionally procrastinates, it starts from "wanting to learn more" about bitcoin and not actively buying bitcoin. You may be longing for more knowledge as would every bitcoin enthusiast, but you have to start your accumulation process. Starting will give you a practical experience while you learn and this means you're also learning better, by practice.

You may choose to waste your time to study volatility thinking you're learn basic knowledge, it's all your choice!
Yeah for sure, investing in bitcoin has never been mandatory for anyone and remains a personal choice. If you decide not to invest in bitcoin no one would hold you just as no one is interested in whether you invest in bitcoin or not. Bitcoin is an open market, everyone has the right to every choice he wants. There's no rule that also says that immediately a person has discretionary income, the next thing to buy is bitcoin. You are free to spend your money the way you want as there's no amount of money that you may not also squander if you choose to do so. You can also choose a different investment area, what matters is that you're building for the future because old age and your inactive days will rely on the choices you make today.

You don't need to have a perfect mindset before you can start accumulating bitcoin. However, it is good to have the right mindset. Bitcoin investment isn't were to make quick profit, as there are people that would invest in bitcoin with the mindset that they will cash out within a short time. Also people should learn to invest using there discretionary income and being consistent by using the DCA strategy to accumulate bitcoin continuously. With the right mindset investor can be able to hold bitcoin for a long term without been pressured into selling when they are not supposed to. So the right mindset is for an investor to used discretionary to invest, accumulate bitcoin using DCA strategy, be able to hold bitcoin and invest in bitcoin for a long term.

Someone who wants to get into Bitcoin investment can’t automatically be expected to have the discipline to hold through market volatility. That discipline is developed over time by investing only with discretionary income and following a suitable strategy, such as DCA. As they experience the market, they can gradually develop the patience and mindset needed to view Bitcoin as a long-term asset rather than something to trade for quick profits.
So, while having the right mindset is important, it doesn’t necessarily have to be perfect before someone starts. A consistent and sustainable approach can help build that mindset along the way.

You know newbie investors will always at first show why they are newbies, irrespective of how much orientations  you give them about bitcoin, when market volatility is high. But as they continue to grow with their investment, they begin to develop thick skin to withstand the market volatility and get use to it on their own. Experience will always make people understand things more and know how to go about it, than when they just it learn from other people without having first hand experience.