Topic: Bitcoin kwoledge is not complete without bitcoin investment (Read 3441 times)

That is truth, having a Bitcoin knowledge without investing towards it is total west of time, because profits come from the capital you enroll with and can bear with me Bitcoin is a sure business one can do without paying task or shop rent for a long period of time and still give unbelievable profits from the initial expectation. Therefore is good to have the knowledge and take action by investing on Bitcoin.

There are things people don't have to see before they believe, in Bitcoin investment only the way people are talking about Bitcoin one can easily believe or imagine how it can work out fir them, although, I have seen some good people that have benefit from Bitcoin investment or even Bitcoin trading, however I am not a Bitcoin trader or even have a good feelings about trading but am just trying to say that Bitcoin can speak for it self when someone have interest in it.

For the first time, a person comes across Bitcoin they barely have any idea about what it is. Most of the time, when they become aware of what Bitcoin holds and how much profits they can make from it, they are forced to learn more about Bitcoin. During this period the are accumulating alot of knowledge of how it works, how to store and how to carry out transaction using the blockchain.but all these cannot be fully understood if they don't practice. The moment they make their first transaction and finally buy some Bitcoin, they gain complete practical knowledge of all what they've learnt over time. This I will term a sound knowledge.

You seem to be missing the point. Being aware of Bitcoin, which is usually the first step, does not mean you have sound knowledge. And having sound knowledge requires you at least own some Bitcoin. You cannot claim to have sound knowledge when you have not had the feeling of being invested in Bitcoin, the knowledge will be incomplete which is what the caption of this thread said.

Let  me use some tips on how to protect one's wallet as an example. Assuming you are a supposed expert in wallet security but you do not have some Bitcoin to test your knowledge, how do you know that your security features are actually effective? I think having Bitcoin is truly what makes the knowledge complete.

Even though people like to see results, to me it seems that it is not necessary to actually have to show results, but it is much more important for the teacher to show personal knowledge (and experience) in regards to the topic.  Results can sometimes take several years to play out, and so anyone should realize that if they actually wait for results before getting into an investment, then the actual results could take away from future performance when it may have had been better to get in prior to the results.

Sure shitcoins sell expected performance all of the time, so there are needs to have some foundational ideas why something is not ONLY good on paper but has something to back it up - yet we know at the same time, with something like bitcoin, it may well take a real long time to really learn about it, but that should not necessarily stop a newbie from investing into bitcoin and learning it along the way and while continuing to invest.  Sometimes newbies will invest into something with a lump sum from the start and maybe a bit of front loading of the investment, but there may well also be good ideas to continue to invest into it - which of course is referring to some kind of a DCA approach towards the investment..

If we don't have results from the investments we make then the people we will teach will not easily believe what we teach, so it would be better for us not to teach other people before we have good knowledge about the investments we make and have also had results from them. the investment we make, you are right, everyone can of course learn Bitcoin because if we have capital then we can buy and store it and must store it well in the wallet you use.

I don't think that there is any other strategy to increase your bitcoin investment portfolio apart from the three strategy, which is buying at the dip, buy lump sum and the best of all which is regular DCA. Nobody will teach you what amount that you are to use for DCA and how to go about it, if you are to buy weekly, monthly or quarterly. You are the one to figure that out base on your cash flow.

Also you are the one that will make your bitcoin accumulation to be flexible with the market price since you are the once that is experiencing the market waves and this is why some investors fail to understand how to go with the increment of the investment when there is a such waves, but they only hodli to observe the market so that they can come up with what to do next in other to continue to increase their bitcoin portfolio.

The best way is keep on DCAing and don't stop no matter the direction of the market because you will definitely overcome the market waves on the long term, and if you are opportune to save funds for the dip..take advantage of it, and don't wait for anyone to tell you which strategy to use before you invest. It is your funds and any wrong decisions will lead to regret.

Yeah, there is no way you can teach someone what you don't practice,  this is a very important point to note before venturing into Bitcoin or any other investments,  this way you have a good understanding of their investment in the long run,  because at some point,  you as the teacher have to get a result to show your mentees...

Bitcoin has a unique advantage,  and that is, the ability for anyone to hold Bitcoin easily and fast,  with a secured wallet balance,  or that,  you can first buy Bitcoin and hold it in your wallet then after go after the knowledge process.

Well, it is just the same thing he said that you are repeating, having just a theoretical knowledge of something, we can never compare that to some one who have both the theoretical knowledge and the practical knowledge.

This is why students in some countries, after they pass out from the university I think, they are mandated to find a company inline with what they studied, and do an IT there, (IT means industrial training) this is where they gain the practical knowledge of that which they studied in school, and some systems or government in some countries make this process mandatory for all students because they understand that theoretical knowledge alone is not enough for that person to perform well if hired straight off immediately the student leaves school.

This is exactly the same thing with Bitcoin knowledge, knowing about bitcoin alone is not a complete knowledge in bitcoin, but knowing about bitcoin, and actually going through the process of converting fiat into crypto, buying, withdrawing and holding bitcoin in your private wallet, this is what actually qualifies a person to teach others about bitcoin.

How can a person invest in Bitcoin if they don't know about Bitcoin? Here's an investor needs to know about Bitcoin first. It may also happen that a person who knows well about Bitcoin but he has financial problems so he is unable to invest in Bitcoin at that time. He might invest in Bitcoin when he will have the money. So doesn't it make sense to acquire knowledge about Bitcoin is important? I think learning is definitely important. If no one knew about Bitcoin, we wouldn't know Bitcoin. But if someone learns about Bitcoin and doesn't invest in Bitcoin despite having money, then I think there is a lack in his knowledge or he can not understand about bitcoin. Those who know about Bitcoin must not let this golden opportunity to vain. When a person invest in bitcoin after learning then it will prove that he can fully trust in bitcoin.

I think this was what I was referring to. You made mentioned of how to tweak our strategy to make them better, and i thought there were no other way of strategizing rather than the  Benjamin Graham DCA strategy in 1949 except another form of strategy surfaces. That's when I use the slogan " updat in cryto space"

I am not sure what you mean by the portion that I bolded above.  Why would DCA be applicable to the "crypto space?"  There is a need to identify an asset that is worthy of investing, and then you need to figure that ultimately there are pretty good chances that the asset will continue to go up in value.. sure it is not guaranteed, but the chances of going up with the passage of time are pretty decent... then once you establish that, then you can DCA invest into it with varying levels of personally tailoring your investment about and increments in terms of your own cashflow and maybe other personal factors... You cannot really apply the same concepts to shitcoins because first you would need to identify one or more in which you would apply the same techniques, so even if you believe that you have identified one or more, it is hardly even relevant to the discussion, unless you are going to pump some random shitcoin. .. as having some kind of a meaningful potential.. and that surely seems to take us outside of the topic of this thread, so I am not sure why you even mentioned such nonsense in that there might be some shitcoin that might fit the same category as bitcoin, which maybe shows that you might not sufficiently understand what bitcoin is in order to know how its not just a part of some shitcoin space.. so maybe you need to specify what you are referring to and how it might relate to bitcoin or how similar investment practices might apply to such vaguely referred to category of shitcoins.

Yes  definitely the particular strategy of investment must surely varies due to the investment plan. Becoming as an investor one doesn't need to be agressive. This is the problem most investors have, when they are not financially bouyant and trying to meet up some certain investment goal, they might get fucked up along the line. Or becoming financially bankrupt.

I think investment is not a do or die affiar. Accumulation of Bitcoin should be transparent and more of investing with an external steady cash flow, which allows you to invest at your convenience rather being an agressive investor with less cash flow.


There is no perfection in whatever we do. Surely we need to be checking on our investment to see if there is a better strategy to inprove our investment parttern.  Although I see reason as to why checking on other srategy to inprove on our investment despite DCA strategy has been helping for a long time now and so far it has been the best option and if need be to inprove in strategy I think it will be updated to the crypto space.  

When talking about money or investment, emotion is always attached because losing is the greatest fear in investment. So let always invest with caution. Just as you said in this context, even if we might be striving for something to continue attempt, we need to be financial and psycological comfortable. There is nothing that gives comfort than investing at ease without a mindset of investing with a whopping some of money that affect your financial income.


Bitcoin accumulation participation has been an advantage to many and keeps them In a more better position, despite some choose to protcatinate . Achieving as little as possible can be better off than constant declining of investing. Or waiting to invest on porpose or by accident.

It doesn't have to be bitcoin it's applied to altcoins the same way the majority of ppl don't know how blockchains or mining works but they've got info about how to buy-sell coins or use their wallets. It's enough info for ppl to get started in crypto so the benefit for learning about cryptocurrencies is ppl can learn when it suits them now or later.

Isn't that the key to investment you shouldn't invest more than your means safely allow you?

In as much as investment may seem very good but is unwise investing everything we had in other to make a good profits because somehow it will affect the investor in one way or the other in the future.

Perhaps you could reason other alternative diversification like business were you easily invest and be getting a daily profit and structuring some parts of it investing on Bitcoin, perhaps with this way you could a have steady source of income generator that could help not only your investment journey but also on your daily needs.

An investor needs to have all the qualities to invest. Just as investing requires you to take financial risks, you also need to brainstorm whether you are risking money in the right place at the right time. Money should not be risked where it is difficult to get the money back. You said here that an investor should risk that amount of money that he can afford to lose.  

Suppose you are an investor and you have enough money, but if I demand a part of your total money from you, will you give me a part of your money immediately, or will you not give me a part of your money immediately because that money is your hard earned money? did Investing without knowing about investing and giving your money to another person without any condition is the same. If you think you are risking money by investing without having enough knowledge about investing, then you are living in a fool's world because the definition of investment is not only that I deposit money in an exchange and buy any coin with that money at any time. I think about money first, first I think about where I will invest, then whether I will get a return from this investment and if I get a return, how much interest I will get at the end of the specified period.  

Just as investment knowledge is not complete without investing, without investment knowledge it is not possible to invest properly. To learn about investing you need to invest and to gain from investing you need to learn about investing first.
Hope you don't risk your money unnecessarily, definitely think twice before risking money to make sure you are risking money in the right place.

Okay, thank you sir for the correction, lesson learnt and from now on I'll be using the word aggressive rather than perfect when it comes to Bitcoin discussion.it gives me joy knowing that you have enough knowledge about Bitcoin to help the newbies and lower understand better and you never cease to make corrections where needed. I also like the fact that you talk about making investment/accumulating more coin based on the capacity the person can handle without disrupting their personal budget. This is one of the major reasons why lump sum is not the best strategy for beginners because after making such a huge or aggressive accumulation they tend to realize their mistake and then go back to sell their coins. Even when I made my first accumulation, it was a small amount I got from selling my unused phone and every since then I have been applying DCA until I get your idea of combining two strategy together.

I personally believe your use of the term "perfect" is not very good, because striving for "perfection" may well contribute towards newbie BTC hodlers/accumulators getting too worked up in a mindset that considers trying to time the market or other kinds of strategies to lower costs per BTC, and generally speaking it is not necessary to be perfect, but instead to be directionally correct by ongoingly accumulating BTC and accumulating within the boundaries of their own situations.  So if someone is new to bitcoin and they are building up their BTC stash, they likely just need to ongoingly accumulate bitcoin, perhaps in a variety of ways that mostly focuses on DCA in the beginning without screwing up their own personal budget in terms of making sure that they still have enough to cover their various expenses and any emergencies that might end up happening in their lives.

Now the particulars are going to vary in terms of how many BTC does any person need to accumulate based on his her situation, and how long it might take to reach such goals.  The setting of more aggressive BTC accumulation targets might well run risks of screwing up finances, so it seems to me that the more aggressive that anyone might be in his/her BTC accumulation, then that person is going to likely need to study his/her financial cashflows and expenses a lot more closely than someone who takes a less aggressive stance.. and perhaps either one will work, and some people do not really want to spend a lot of time looking at or thinking about BTC and/or their finances, so in those kinds of cases, they could well end up taking a way less aggressive stance and still end up doing quite well as long as they include BTC reather than staying a no coiner.

The rest of us who already have bitcoin by definition are not no coiners, but we may well be low coiners, so sometimes we might want to consider whether we have enough BTC for our own particular situation, and if we are going to be trying to accumulate more BTC, then how do we go about doing that in terms of thinking about how much BTC we have already accumulated, and surely we will have some advantages to having had already accumulated BTC in terms of that information helping us in order to potentially refine our goals and to relook at our BTC accumulation progress from time to time and to consider if there might be ways that we might tweak our strategies to make them better, but still I am not going to say that we achieve perfection even if twe might be striving for something that is continuing to attempt to improve and to make sure that we are financially and psychologically comfortable with what we are doing and how we are doing it..

It seems that ongoing persistency may or may not achieve perfection, but it has decent chances of continuing to put a BTC accumulator/HODLer into a better place by having had participated in bitcoin rather than if s/he had chosen a path (purposefully or accidentally) of not participating in bitcoin.

Well said @JJG, practicing just lump sum or buy the dip by newbies isn't advisable by me also, as they may panic easily when a very large amount of their fiat has been used to purchase Bitcoin while the market goes bearish or sidways, I recommend all newbies to start with DCA and when they are comfortable making some series of accumulation without any stupid emotional decision then, they can start using some other strategies which suites them, like mixing two different strategy to make a powerful one, consistency creates perfection, so what every you are doing consistently you get perfect at it, so someone can get perfect at doing the wrong things and making wrong choices and he might still think he is successful why if only he'll make some changes could lead to more successful outcome.

I would not necessarily recommend a strategy of just lump sum or just buying on dips for anyone who is new to bitcoin, but there could be times when such a strategy might be applied well for people who are in a position that they are able to consider that as an option...and surely sometimes people choose strategies that are not as good as they could be, and how much time that they have to attempt to think through some kind of a better strategy is going to vary... ..sometimes any of us could end up employing a strategy that we believe to be a good strategy, but then we might not realize that our strategy ends up kind of locking us into a kind of mindset that might not be as good for bitcoin as something that might involve consistent and ongong buying, even if their might also be some lump sum buying and some buying on dips in the mix of historical buys.  It can also take several years to develop a perspective on bitcoin for people who might not end up screwing up and panicking along the way...sometimes the screw ups might not be realized for several months or even sometimes years, it could take to realize that a different mindset and approach might have had worked out better.. which I think that having DCA as a central part of any strategy in the first year or two (at least) is likely going to be helpful in terms of putting the BTC HODLer/Accumulator/investor in a good state of mind towards their bitcoin and their ongoing BTC accumulation and perhaps considering their transition into BTC maintenance at some point in the future.