Topic: Bitcoin and education - page 3. (Read 445 times)

The short answer is yes. While more traditional financial tools (like stocks) may seem more accessible, Bitcoin is less confusing once you have the right information. What's more interesting, though, is your second question: can an educated person use Bitcoin effectively?

Well, I hope my answer has helped you understand how to get started with Bitcoin and determine if it's a good investment for you.

Investing in bitcoin can be used by everyone, whether he is educated or uneducated (he didn't graduate from high school), because the most important thing is that he wants to learn about investing, bitcoin and others can become a bitcoin investors. If someone is willing to learn, that is enough capital to invest in bitcoin. If you want to learn about investing in bitcoins and try understanding bitcoin trading, you can become a bitcoin investor. You can buy bitcoins at any price (especially low prices) and hold them for some time.

Your steps to ask questions, learn and gain knowledge before investing in crypto are correct.
Because basically we have to know what we are dealing with and we have to have a basic understanding of what we are going to do.
But if you have doubts and are not as confident as you convey, in my opinion it will only hinder your steps from doing something.
I think you don't need to be discouraged and not confident like that.
Crypto has always been open to everyone who wants to learn about it.
It doesn't matter who the person is with whatever background that person is.
If someone has faith and is always diligent and always adds insight, it is possible that they will be successful.
A professional and someone who was successful in crypto even before must have passed the beginner stage, right?
What makes each person different is how much determination and effort has been put into achieving that success.
So get rid of your doubts and self-doubt, so that it will make it easier for you to take the next step.

Basic education is important to know the basics in life. However, educational strata certainly do not apply specifically to people who invest. If the OP thinks that investment and other business worlds look at the level of education, then specifically only people with economics and business educational backgrounds are concerned with the fields you mentioned.

So everyone with a different educational background is welcome to enter the world of investment as long as they want to study harder on what will be their investment target, especially with digital technology that is increasingly sophisticated, all information in the world is very easy for us to access, some people even can afford it. realize his dream only by self-taught learning.

why not, even shopkeepers can also do it by studying. I mean, anyone who wants to learn, they can get what they want. a matter of time it adjusts to the ability of each person.
know that even people who are successful with their businesses are not because they are graduates of prestigious colleges. if you are not someone who has a high educational background, you can still learn and invest in Bitcoin.

if what you mean is to trade Bitcoin, yes you need to learn more about it. it will help you reduce the risk of loss. but in investing and trading Bitcoin, everything has a risk. you also have to learn it. in the learning process, all beginners will inevitably lose.

Yes, one doesn't have to be well-educated so that he/she can invest and trade in Bitcoin. For as long as you can understand, you can invest in Bitcoin. As to Bitcoin trading, it depends on how serious you want to be as a trader. You can actually trade without learning all those triangle patterns, head and shoulders, wedges, cup and handle, and so on. You can do away with those Fibonacci, RSI, golden ratio, and so forth. But if you really want to delve into serious day trading, it helps if you get yourself a little education about those patterns and tools and methods.

Definitely you can understand the statistics of Bitcoin investment or Bitcoin trading as long as you know how to read and analyze information.  It maybe hard but eventually when you are familiar with terms and graphical presentation of the Bitcoin market you will be able to understand the Bitcoin market.


But if @OP wanted to profit from buying Bitcoin then he needs to understand the price trend, the cycles and the right timing to enter the market.  All that can possibly be provided by learning TA aside from understanding the Bitcoin market cycle.

One who can understand what someone say can easily invest into bitcoin and participate in trading activities. After the usage of smartphones people are much used to technology. Even the uneducated does digital transactions with ease. The applications were developed in such a way that all levels of people can make use of it.

Apart, there are occassion in which it won't be believed by certain people due to its virtual availability. For them it is really hard to understand, because the minds weren't prepared to believe what someone says about bitcoin.

I most asset classes have a certain set of unique characteristics. First of all I would probably define the time horizon that I plan on investing or a timeline that defines for how long I don't have to liquidate the asset. Now if I know that 12 months from now I need to liquidate the latest, I would probably not recommend buying Bitcoin because if someone is unlucky and catches another bear market, they could be forced to liquidate in the worst possible moment. For shorter time horizons and if it is money you don't want to risk heavily, you got to stick with very low interest paying bank products I guess.

The more time you have, the better Bitcoin becomes in my opinion. Perhaps you invest in steps because should you be unlucky and catch another bear market, you have liquidity available to stock up at cheaper prices. Hence, the bear market doesn't affect but actually benefit you to a certain degree.

As soon as you have short time spans and cash that is not necessarily dispensable, Bitcoin is not for you.

That is why part of the education concerning Bitcoin should also deal with the market dynamics. I got into Bitcoin very early and I tell you I had a couple of nights sweating hard! If Bitcoin starts moving it is often faster than other assets do. That has slowed down a lot by now, but it can still be quite overwhelming either to one's advantage or disadvantage.

There are no exact numbers or statistics in bitcoin I feel, seems wrong perception or mindset from OP after losing much money from other investment way and try to earn exact profit in Bitcoin. I appreciated with your decision want to learn with Bitcoin, but can't guarantee you will earn profit consistency in Bitcoin or have opportunity losing your investment in cryptocurrency.

Long process for understanding about Bitcoin investment, I need more than one year how up next level but can't consistency for earning profit every time when investing in Bitcoin.

It's serious you question!, I don't know, I mean, you have to explain these things nowadays...there is have to explaining to young person, who was perhaps born in the 21st century, what the process is like to spend your money...

Surely you play  CS (or any game), Well, not getting killed in that game is more difficult than buying or spend $10 in bitcoin.

(and) With the matter of investing-trading, although it is different, is not as difficult either, no more than any activity that is intended to be developed.

You are living it, e.g. just to go to university you go through the stage of high school, well, here it is no different learn the basics.

Let's run an example (1st), but always is very important for everything that involves money, small amounts. So, How you start your experience in this game?, you are advancing little by little, what do you use? strategies!.

Anyway, let's continue, the kids today are playing Roblox (2nd e.g.) In this game there are two processes; 1st, to buy Roblox with real Fiat money, 2nd, then trade on the platform, buy and/or sell.

Nobody who was born before the 21st century had those advantages, you have had them.

Now, surely it is possible that you tell me I never accessed those Internet games, etc.

Well, at least they had to give you money for the allowance, food, etc.
This is OK!, that is right?

So, buying is in that case, (do we have to explain this?) a Coca-Cola, (3rd, e.g.) and trading is, taking that coke and selling it in glasses with ice to your friends at school, or in your neighborhood.

Then, if you bussines grow and it goes well, you sell them by the liter, and buy more, and the business grows, or! quite the contrary, you don't sell anything and you go bankrupt.

But if you lose everything, it was your venture, at least it in the third case, in the previous two it was time and money, but in all cases it is your time and the most important thing is money that you had available for those things and the best thing was your money.

Let's go!  today's young people were born for bitcoin.

It is time for young people to make Bitcoin viral, talk to your friends, learn about bitcoin!

---

^{Disclaimer:
Damn!, this is not an investment recommendation.}

Neither, that with the above, you are going to throw yourself into the void of investments, but! having that experience as information, leaves you with a bit of ability and advantage, by that I mean, if someone has some prior experience it helps and "it may be" that the way to start processing all the information to be on a level acceptable to understand the trade and its statistics, that is, it is more accessible to its understanding, because honestly, there are people who in their life have never had TDC, or pay bills or even had a job. Anyway... you are welcome.

Yes.
You actually don't need to understand that much technical stuff about it. You can buy it as easily as you do shop online and then you'll learn the rest later on.
But about statistics you probably are thinking, it's not really too confusing to know what it is all about. I think you mean about the history of it and you can simply view its charts that will show you its past runs through a graph and that's easier to understand than going through articles or any other method that might make you understand about it.

Being well educated in itself is subjective, you could be low on academics but be good at something else. I don't know what you mean by statistics of Bitcoin investment but I think trading can be learnt by experience and it doesn't need you to be that pure of a genius to learn it. If it's you asking the question then that curiosity is a huge part that you'll learn in the process, just expand your research skills.

Investing is rather easy and, as long as one has money he can lose (or keep locked for long time) he can invest. Historically, if one kept his investment untouched for long enough, ended up in profit.

Trading is difficult and even high education may not cover it. Certain skills (coolness) are also required. So, like some others, I'll also advise you be careful and think twice before you go with trading - or just simply avoid it. To be clear: for short periods of time one can easily get lucky and end up on profit; on long term, if not skilled enough, will lose.

Well first for you to understand this you must know that education isn’t necessarily what you are taught in schools, you can learn any where and that can be considered education.

I am not tech savvy and have never been but my curiosity and passion to learn bitcoin has gotten me this far. If you can write and read and comprehend things then understand Bitcoin is all about your passion, consistency and availability of learning materials.

Sincerely, I don't have a lot of education. Yet you can tell that my forum posting is excellent. Absolutely, but to make it flawless English, I use software like Grammarly. I consequently learn about Bitcoin and can write. In comparison to your post, I studied less. Purely and simply a matter of your effort. Even if you lack formal education, you can learn if you put in a lot of effort. Just being able to read English should be enough. If not, you won't be able to manage your wallets.

If you don't study you won't know it, I graduated from high school before I couldn't read statistics but as time goes by I continue to learn how to understand bitcoin and what is bitcoin and or what kind of bitcoin trading can be done and how big and how much is the supply and demand from market, I think over time with the motivation to want to learn will find the answer you want, even though basically you have a low level of education but if you seriously understand and focus on studying it I'm sure you don't have to graduate from high school or high school to understand something because you can find sources of knowledge more easily with internet access.

That is true, a local community like the one available on the forum can help users that do not have a full grasp of the English language.

A mentor who has better understanding of how bitcoin works can also be of great benefit to new users to Bitcoin and also to the forum.

- Jay -

Yes it is possible, higher education is not required to understand Bitcoin or invest in Bitcoin. If Bitcoin is adopted on a global scale then everyone should be able to deal with Bitcoin whether educated or not.

What I would like to say is that academic education is not a necessary condition for a person to be successful in any field. Many people did not obtain university degrees, but they succeeded through learning on their own. In front of you is the Internet, you can start learning on your own and develop your skills.

Today,even children can work with Bitcoin. Education and diplomas are not required or a mathematical mindset. It all depends on you on the Internet, tons of information about how it works/how to invest/principles and mechanisms of Bitcoin,if you are really interested, you can handle it without problems.