Topic: Being Knowledgeable before Bitcoin investment is very Good (Read 827 times)

Not only just that limited when it comes to Bitcoin or cryptocurrencies but also in other things as well or does involved on investing because having no knowledge or preparation on things that must learn will really

lead you into lots of errors and mistakes because of being unprepared or you arent that aware on what are the things that should supposed to be learned first. This is why it would really be that knowledgeable before diving into something would be always ideal or something that would be putting you at advantage. Although there are things which could only be learnt with via real experience but of course having
preparations would be always recommendable unlike into those people who do make out direct investment without doing any research or preparation.

On every investment decision you would make then it is really just that right that you should have that self study on what are the things that would be relevant to learn.
It might not give out assurance on success but rather it would be lessening up the risks.

Basic understanding about bitcoin, its market, the growth pattern, time required for the growth, how market manipulation takes place, what is the time period required to profit everything need to be known in a wider perspective. Through this only the person himself can stay calm amidst the unexpected market movements happening around. When we don't have the real understanding automatically the people who had come with big expectation will find it wrong and the same gets conveyed through them. This shouldn't happen.

I think it is still the same.  The basic knowledge we need about investment plays an important part.  Those who do not understand Bitcoin may say that Bitcoin is a high risk investment but if we happen to know the Bitcoin market pattern, Bitcoin is a sure profit investment.  We only need patience and wait for the price to surge or for the cycle to reach the peak market price and sell then wait for the bottom to buy.  We all know that  Bitcoin market history had proven these events.

I think investing in Bitcoin is different from other forms of investing because bitcoin is a high risk investment and the market is unstable. The profit you get from investing in Bitcoin is high and worth the risk of trusting Bitcoin. You need knowledge on this things to profit from Bitcoin.

Investing in Bitcoin comes with so many challenges, you have to protect your investment from scammers targeting Bitcoin investors and having patience with the market as when you follow its movement you'll think you can't make profits because of the frequent movement of price.

If you don't have any knowledge on bitcoin, don't bother investing as you will be vulnerable to scammers. Scammers target newbies that aren't well experience in the industry because they know they can trick them to steal their investments from their cryptocurency wallets.

Actually, there are two ways you can do it to start investing, the first is to study it first and then invest, and the second is to learn it while starting an investment. And of course these two methods can be done by everyone and these two methods have their respective advantages and disadvantages.

1. Study first and then invest.
The advantages; by studying it first, it will make it easier for you to start investing because you already understand the risks and opportunities in investing so you can avoid mistakes or risks, and by studying investing before you start, with that you will easily know your purpose for investing, whether it's for old age security, to increase your income or something else.
The downside; sometimes what we learn is different from what happens in the field.

2. Study it while starting the investment.
The advantages; with us going straight into the world of investment while studying it this will give you direct experience that can help you to better understand how this investment works and you can evaluate directly the investments you are making and you can find out how the market is developing because you are investing actively.
The downside; with us starting an investment with insufficient knowledge this can cause a risk to the investment you are making, so consult often with people who understand it better and don't forget to keep abreast of market developments.

Now for myself I use the second method or what is often called learning while practicing. The reason is because I'm almost old, so if I have to understand it first before starting an investment I think it's too long whereas I'm almost old I'm afraid I won't be in a hurry to invest and I'm afraid my remaining money won't be utilized as much as possible. So why didn't I learn while investing, and maybe this is my regret why I didn't learn about investing since I was young.

Well, investing in Bitcoin is not far different from any other form of investment. Regardless if it was Bitcoin or not, we still think about earning a profit as our main goal and we can't get 100% assurance from any of them but we can make it possible as long as we know what we have to do - and this is how important to have knowledge before doing anything. We can say that it was a pre-requisite in any form or investment and we must if we aim for success otherwise, never expect it anymore.

I mean it is the minimum requirement for sure to have the knowledge and make sure that you know what you're doing before even starting to invest in Bitcoin. You should look at the green flags for sure if you think that you already have the knowledge and know what you're doing already and you already have the money to invest in it for sure it is already a good time for you to invest in Bitcoin. But it would still depend on your situation, you could still buy Bitcoin at any moment you wanted but it is just riskier compared to when you're prepared for it, also it is always better to learn from others' mistakes compared if you're going to learning from your own mistakes since there is a possibility that you could lose some money on that.

Also just make sure if you really want to invest in Bitcoin just avoid putting your money on someone, for example, if you're going to just put your money into someone like your friend make let them invest your money its better to not invest if you didn't have time to invest for yourself. I know a lot of people who get scammed and lose a lot of money because they trusted someone to invest for them.

Its quite normal for everyone who wants to be successful to actually know what he is trying his money into but the case with bitcoin investment I think is very common because most people that actually invested are folks that were told about the benefits of bitcoin and then choose to invest out of the fact that their  minds have already been set out to the fact that when you invest you will surely have profits which is bad because every investor should know how and where the money comes.

Definitely, It is a good narration and has sound facts to make you a knowledgeable trader before doing your tasks. It is pretty good for a person to do detailed preparation before investing in Bitcoins or other altcoins. It’s just like the game you are playing. Whenever you get prepared for a while for any type of business or trade, it means you are mentally fully aware of the profit and loss, or win or lose, to that. So, your patience and dedication might be needed here to prove yourself as a market manager.

it is a perfect advise mate to not giving anything instead let them learn first before investing any amount as knowledge must be needed .
let us not be like others that keeps telling this and that? but the truth is what do they care because it is not their money, so why they need to feel importance to your own money.

Having knowledge is one of the best ways to gain power. We can listen to the advice of others, but we must be careful when applying them.

Some people may seem knowledgeable. When we listen to these people, we can feel we are doing the right thing. We must always be vigilant. This keeps us from making mistakes. We need to be even more careful, especially when it comes to investment.

With the increase in the use of social media, our access to information has become easier. At the same time, the number of misinformation has increased. It has become a normal behavior for everyone to act as if they have knowledge about everything. If we are not careful in choosing them and the source from which we get the information is not a good source then we may have problems. So we need to learn where to get the information.

We should only refer to the investment invitations, choose a project with clear transparency, do not invest all of your capital in one project. The advice comes from the referrer's greed for profit

Actually you don't need to become a professional level in terms of knowing the bitcoin itself because if you really will want to learn even in the smallest steps and knowledge you can now get an idea how this it works and what are possible way to use the bitcoin more effectively.
I started before with only a 20$ learn more ways to earn with the bitcoin use those knowledge not all the time it succeed but at the end of the day I learned something so serve as a lesson to prevent and as preparation when it comes again and to over come.

There's no easy money in the world, it's just luck people get rich instantly in the crypto if you made a mistake you lose your asset if not possible you can gain a large amount of profit.

There is no bad in someone telling you about a business proposal or business plan but it is very bad that you do not conduct your own due diligence after you have been approached by them to invest in their business. You doing your own research would expose you to many facts you know not about such business and if the business is real or fake and the possibility of the business sustaining for a long period of time.
This is where some investors make the mistake. They fail to do their own research which should be their number one priority when ever such proposals come to their table. No human is perfect and as such, enough reasons one should carry out a personal research or if you can not do that as a result of engagement, you can contact a private team to conduct the due diligence on that proposal's independent of the initial.

That's actually should be the common thing to do especially if you're gonna put your money at stake. You couldn't just rely on someone else's advice or calls because in the end you can't blame them for trusting them in any outcome. Even what you called pro or expert they can still have a bad call causing you to lose a huge amount of money. Before entering some investment, always invest at yourself first. With the knowledge that you could gather online or do your own research you could be knowledgeable enough to do your own decision.

Being knowledgeable before investing in anything is excellent because knowledge is power before someone ventures into any business, you are advised to go for what we call a market survey, this will help you to be conversant with the product, its price, and the profit that you may get, after-sales are been made.  This applies to Bitcoin investment, you are supposed to know what you want to invest in, how the system works, and the transparency of the transactions in it before you invest.

Bitcoin is very complex, and that is why you have to be very smart and technically inclined before you involve yourself fully, make your research before you do btc, and don't rely on people's advice alone if such even exists, with the little knowledge I got, a good financial advisor will only outline the risk and possible benefits attached to bitcoin but won't force you to invest, they will allow you to take your decision and be the risk bearer so that you won't blame anybody when it flops in future.

Come to think of it, I don't think this guy that mentioned figures wants to invest, he seems to me like an unserious person, maybe he has an ulterior motive, which we wouldn't know, let's be careful, that's my take on this.

You get smarter by learning, I know about crypto myself and I took the step of wanting to know more and more and it leads to my liking of Bitcoin, no one teach me a thing about Bitcoin, I spent time online doing some other things like ads and click to pay and then I finally found Bitcoin, that's it.

If you are lacking you don't need to find or hope to find someone who will teach you anything, do your own research and you will understand so many things, in this life knowledge holds the key to everything, if seeking for knowledge is your main target I doubt someone like you will ever lack.

Through the learning process there will be some challenges like you feeling like giving up, or losing even some money but that's the price we pay to obtain knowledge, it's just the way it is, nothing in this life comes for free.

The business version is the hardest one to figure out by a lot of people. I understand that it is not an easy thing to do but the reality is that if you are going to end up with something that hurts you overall, then you are going to be responsible for the risk you are taking as well. We are not going to end up with something cool in the end, and I know that it is not going to be something that pushes you forward all that much neither.

I believe that we need to reach to a point where it is going to end up with a good result and that should be a bit more important. I feel like the best thing to do here would be not investing into any "ideas" you see online, just see what they have done, not what they promise, that's a better indicator.

I couldn't help but imagine how the op of that thread you me mentioned must have been busy receiving and replying  to messages from scammers who will present some very sweet proves and very irresistible offers as well as documents to back them up as fully government registered.
I couldn't agreeess that knowledge  is key and paramount  to whatever we do in life but I think having the knowledge  without money to invest is a waste in this crypto industry as such a person is prone to missing out all that bitcoin  and cryptocurrency has to offer at a given point in time.
I would prefer that before one begins seeking crypto knowledge,  he should have enough money available  to invest so as not to miss out from all that he must have learnt.

so many offers, and those who offer of course with sweet words, to attract investors. it is common around us. therefore those of us who are going to invest must have knowledge in advance, at least we can find out first and don't make a deal before having knowledge about what we are going to invest. risk is the main concern, which is rarely mentioned by those who invite investment, so we ourselves must be self-aware. even though we have done all that, sometimes we make mistakes, and that is something that naturally happens as human beings