If you need to ask then no you are not ready. However all is not lost. Go grab ubuntu or any other beginner linux distro and start learning how to navigate and admin the box per the command line. Leave the GUI alone. Learn to configure things from the shell. Learn TCP/IP and other basic networking skills. Not saying you can't do this with BT but it will not really be as easy. Not to mention you will likely get stuck with a linux -basics problem and not get the best help that is out there for such. We don't really cater to the basics, whereas ubuntu forum loves the beginner. Also the tool set in BT is designed with a purpose in mind and will most likely only serve as a distraction to your learning progress.
For more info see also this thread.
And don't worry BT is probably not going anywhere anytime soon, so you can always come back. For further proof of the types of questions that are asked see the beginner's section here and take a look at the average post.