Bitcoin and education - page 4. | Bitcointalksearch.org

serjent05

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Quote from: rachael9385 on March 03, 2023, 11:34:40 AM

My question is can someone who is not well educated (secondary school graduate) understand the statistics of bitcoin investment or Bitcoin trading?

Human is capable of learning. As long as you put your heart into it, you will eventually learn what you wanted to understand. You just need put time and hard effort especially if you are not familiar with terms and situation of the aspect you wanted to know about Bitcoin. Just don't rush things out and do more research than any ordinary person do, besides lots of information is shared on the internet.

Quote from: un_rank on March 03, 2023, 01:47:57 PM

Quote from: rachael9385 on March 03, 2023, 11:34:40 AM

My question is can someone who is not well educated (secondary school graduate) understand the statistics of bitcoin investment or Bitcoin trading?

Yes. Financial education is a different topic and is independent of a regular formal one. Anyone can acquire knowledge of Bitcoin and learn how to invest properly, all you need is access to reliable information which are easily understandable to them.

As long as they can fully understand the content of the information they consume, they can understand how bitcoin works.

- Jay -

True, in case the information is hard to understand they need to cross-reference and even research the terms that is quite vague. @OP can also look for a mentor to explain things to him or teach him the ropes of his plan to understand Bitcoin's financial aspect.

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- Jay -

Quote from: rachael9385 on March 03, 2023, 11:34:40 AM

My question is can someone who is not well educated (secondary school graduate) understand the statistics of bitcoin investment or Bitcoin trading?

Yes. Financial education is a different topic and is independent of a regular formal one. Anyone can acquire knowledge of Bitcoin and learn how to invest properly, all you need is access to reliable information which are easily understandable to them.

As long as they can fully understand the content of the information they consume, they can understand how bitcoin works.

- Jay -

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A trader from other markets who learns by reading the charts and indicators can go directly trade BTC without learning the basics of BTC but just using the exchange chart. Learning this from a beginner's view could be tedious but it can be done.

It is recommended to learn a little BTC though, just a bit to learn sending and receiving BTC to your wallet at least.

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Quote from: rachael9385 on March 03, 2023, 11:34:40 AM

My question is can someone who is not well educated (secondary school graduate) understand the statistics of bitcoin investment or Bitcoin trading?

Like others have said, investing in Bitcoin and Bitcoin trading are not the same thing. Like for the investment even without having experience you can just buy some Bitcoin either from an exchange or through physical means if you know of anyone that wants to sell close to you, and hold till the price is good enough for you although that's not just going to happen overnight you have to wait and during this period the price may drop significantly to the point that your coin might not worth anything of value.

But as for the trading part, you have to acquire some knowledge and as long as the person is willing to learn and is committed in learning then there's hope that such a person might turn out to be very good in trading. It's going to take a lot of home studying and practicing with some simulators before you know they'll have enough knowledge to help them start up the real trading.

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Basically, investing in bitcoin is not different with gold, which you get some, hold it, and sell it in the right time, either of for profit purpose or you want money urgently. But to understand the technical stuffs behind bitcoin, yeah you need to invest your time to learn it. I mean, it's better to know more about something you gonna invest in, right? At least you need basic info of it.

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Quote from: BlackHatCoiner on March 03, 2023, 11:39:33 AM

What statistics? If you studied math or statistics in school, you can probably understand most statistics. Investing into Bitcoin versus investing into Bitcoin trading isn't the same thing by the way, and because you referred to the latter, I recommend you to not proceed. You'll just lose your money.

Yes, I would not recommend bitcoin trading either, especially not to a person who expresses such a lack of knowledge. Better for him to understand in depth and decide, if necessary, to invest for the long term. Let him understand the meaning of the word HODL.

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What statistics? If you studied math or statistics in school, you can probably understand most statistics. Investing into Bitcoin versus investing into Bitcoin trading isn't the same thing by the way, and because you referred to the latter, I recommend you to not proceed. You'll just lose your money.

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Quote from: rachael9385 on March 03, 2023, 11:34:40 AM

My question is can someone who is not well educated (secondary school graduate) understand the statistics of bitcoin investment or Bitcoin trading?

Yes, you will be able to understand the basics so you will be able invest in bitcoin making an educated guess. What you will probably not understand is the algorithmic nature of block mining, but you don't need to understand that to invest.

Start by understanding that bitcoin is decentralised, autonomous and limited in nature, and what each of these three characteristics means.

rachael9385

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bitcoin and education.
If this post is not permitted to be here please help me forward it.

I want to ask a little question here because I don't won't to be a victim of a big loss.
Now that I have not invested in bitcoin because I haven't learned much about bitcoin investment based on the situation in my locality, I want to know the right answer to my question.
My question is can someone who is not well educated (secondary school graduate) understand the statistics of bitcoin investment or Bitcoin trading?

Topic: Bitcoin and education - page 4. (Read 445 times)