Anyway, for some new investors, the beginning is in the hope of getting more profits. They start without understanding the difference between trading and long term investment. It is okay if they start without understanding the depth, but it is not harmful for investment. They will be able to understand Bitcoin gradually and will be tempted towards long term investment.
It is a big problem if someone starts his investment without good understanding. Even if it is Bitcoin investment, someone must have good understanding about Bitcoin investment first before he starts buying and holding Bitcoin. They need to know the cycle, Bitcoin nature, the security of wallet, analysis, and some other things. I suggest to learn first before starting the investment.
In reality, my motivation was to earn high profits but in a short time, I have learned about Bitcoin and realized that Bitcoin should be an asset built for long term investment only.
If you invest in Bitcoin, you can't hope for a short time goal. It is a trader mindset who wants to earn profits in a short time.
To avoid this risk you need to invest in Bitcoin not trading. Use discretionary income from regular sources of income for investment.
Bitcoin investment also has its own risk. However, it is true that the level of the risk can be considered smaller than trading. That's why it is needed good understanding in Bitcoin investment.
The knowledge available on the volatile nature of Bitcoin price will tempt you to make the best decisions in fund management.
Sure, having proper knowledge will ensure us to make wise decision. Moreover it is in a very volatile asset like Bitcoin. It is a wrong way to decide anything without proper knowledge.