What every cryptocurrency beginner needs to know before buying the first bitcoin

Starting with 1-5% of investable assets investing in Bitcoin, prioritize basic security factors and use regulated exchanges that adopt the US dollar cost average method to minimize emotional transactions. Expect volatility and develop long-term investment habits; 73% of new cryptocurrency investors lose money within six months due to insufficient preparation. Focus on learning the decentralized nature of Bitcoin, limited supply and irreversible transactions. Secure Bitcoin holdings of over $1,000 with two-factor authentication and hardware wallet. Take a multi-year perspective, ignore short-term noise and understand the impact of taxes, as Bitcoin is regarded as property by the IRS.