Topic: Bitcoin kwoledge is not complete without bitcoin investment - page 17. (Read 3346 times)

Well that's right, basically everything will come back and depend on how our conditions are, especially in financial matters, although yes maybe they have knowledge that can be said to be quite a lot of understanding about aspects and important points in investment but still like your experience, everything is according to conditions, but yes even so basically there is no compulsion at all for us to start investing, whenever you can and are able, especially in terms of money then you can start immediately. Well it's better that way friends, I mean don't let us give any advice or even force others to do the same or more clearly invest in bitocin, of course everyone may not always be interested and obviously in the end maybe they can ask you for responsibility for whatever they experience in their investment, especially losses.


Well that's very unfortunate, if basically they already have both points as you said, namely knowledge or knowledge in investment and also have the ability in terms of money then I don't think they should waste the opportunities and potential that bitcoin has provided, if they have excessive fear then I think there is nothing wrong with allocating a little budget that they have that will not make them feel too depressed about whatever will happen in the future. But honestly if they don't start at all then obviously it's like wasting time and maybe wasting opportunities, they must realize that there is something significant from bitcoin in the next few years and I always look forward to it by always setting aside a little from my salary, honestly I really believe in this opportunity,
I am one of those people who wants to make a big profit by taking risks, unlike them.

OP, I commend you on this. You took a bold step by putting to test your convinction and faith in Bitcoin by investing in it. That's what every Bitcoin fan should do. They've to at least own a bit of it in their own private wallet. That way, they've a basic knowledge and feel of what Bitcoin is. It's like a man who tells everyone that he's a carpenter but doesn't have a single couch at home. Let's even see it the other way round, the knowledge is the theory while the investment part is the practical. Both should go hand in hand to give a better result and increase success rate.

There are many reasons why a knowledgeable person cannot invest in bitcoin. I used to be one of them, at one point, I barely had enough money to invest, but I still researched everything and always participated in bitcoin discussions. But I never dared to give investment advice to others because I had no practical experience, what I knew at that time was just theory.

But if someone has the knowledge and money and doesn't invest in bitcoin, it's a waste of time. And people who have knowledge and money but don't invest but always give advice to others are mentally unstable people.

Yes, you have a clear point, some people truly think that way, but the truth of it all is that after learning about Bitcoin you should also invest, because if not for the investment purpose, why would someone use his time to learn about Bitcoin but refuse to invest in it while the person already knows all about Bitcoin and how bitoin can be profitable in time to come.

Even if a person learns how to drive, it is possible that after learning about the car, he or she will still get a driving license to prove that he's now a good driver. That is to say that after learning about Bitcoin you should put your money in it so you will fully become an investor.
Learning about Bitcoin without joining the investment with your capital is just like a total waste of time, unless the person is trying to mine it.

But if you don't invest in bitcoin, are you sure the knowledge you learn is correct to impart to others? Not only in investing but also in our lives, there is a huge difference between theory and practice. That's why recruitment companies prefer to hire experienced people rather than fresh graduates with a lot of knowledge but no experience. Furthermore, is anyone good enough to learn about bitcoin without investing in it and willing to teach others to invest? In theory it is like that but in reality it is not so, human nature is selfish and jealous.

They don't have enough money to spend on it but you are right that others just want to spread awareness on Bitcoin but this is only a rare case because those people who are telling and explaining about Bitcoin also own it if they don't then I don't know what their point is in  telling other people and seeing the price without any possession. Others also want to invest in it after learning all aspects of Bitcoin but they are just not able to do so because their money is just enough for their needs they need to have extra money just to have that investment.

No matter how much written and unwritten knowledge you acquire on Bitcoin, you will not be successful unless you have applied or practical knowledge. Especially when we invest on Bitcoin we can gain a lot of knowledge about Bitcoin Risk Management. It is possible to gain in-depth knowledge about market value, trading volume, future development and risk management. Moreover, we have published various magazines and books on Bitcoin, from which we can learn a lot theoretically, but if you want to know something practically, you must invest in Bitcoin. It is practically impossible to know any information without investing on Bitcoin.

Even though it's not useless to learn anything, you still have to gain knowledge by practicing what you learned. You are not an expert if you have learned something from a book, for example, and did not try it in real life. There are many things we should practice after learning it. Let's talk about Bitcoin Knowledge. For example, you know many things about Bitcoin, and you will teach your friends if they ask if you ever bought Bitcoin and if you ever had Bitcoin. If you say no, they would barely take your suggestions. Actually, I am kinda unable to explain what I actually mean but I hope you got my point.

maybe the type of person you mentioned just wants to be a teacher about bitcoin (they don't want to invest but want to be a teacher) or they listen too much to the FUD spread by several groups lol... Bitcoin is much easier to buy than gold, property or other types of investments, you can buy it on an exchange and then store it in your personal wallet without the government knowing about it. so I think that people who know about Bitcoin but don't buy it are actually wasting their big opportunity.

Acquiring a knowledge without applying it is somewhat useless  notably academical knowledge in a any field. Buy this doesn't apply cogently with bitcoin knowledge this is because you can have the knowledge without money yet unavailable to invest and that doesn't make the knowledge useless.

 Having the knowledge is the most important as it becomes a part of you that whenever money is available you can invest. People acquire knowledge for the sake of it should in case in the future the need for the service of a possessor of it and I think bitcoin can be acquire for same reason not always pointed to investment all of the time.

Only through investment one can understand well about bitcoin. Particularly different people state different reasons on the goodness of bitcoin. However it is one's own understanding that is more important to be successful through what we've learnt. When we invest/experiment we'll get to know how good are the things and the reality of bitcoin investment. Bitcoin and cryptocurrency is a vast thing, which looks complex for people who doesn't have much of technical knowledge. For this reason itself many stay out of it.

True that, the application of Bitcoin knowledge is not limited to investing in the Bitcoin market.  Bitcoin knowledge can be shared or taught, passing down the knowledge of Bitcoin to future generation.  Some people can earn from the Bitcoin knowledge they learned and from that they can start accumulating Bitcoin.  So it does not need to put money in Bitcoin investment in order for the knowledge about Bitcoin to be complete.

Of course - someone's ability to understand new things is certainly different, even if they have a mentor. Bitcoin cannot be understood easily - especially the technical lessons, but one can understand how it works and also its price volatility easily if they have been familiar with other risky investments before bitcoin.

You don't need to learn a lot of technical stuff to invest in bitcoin - but you just need to prepare a budget, get a secure wallet ^{[recommended wallet]} and buy it and withdraw it to your wallet. They just need to hold those bitcoins to make a profit even if they don't know about other technical issues.

I agree with you that the knowledge is important and isn't a must for you to have bitcoin, but come to think of it, having bitcoin gives you more insight about bitcoin and more opportunity of making profit and making people to believe in bitcoin because they will see what you have benefited through bitcoin. Knowledge is power but experience superceeds knowledge, when knowledge is not put into practice. Having money to invest is easy if you are ready to invest. Some people have the knowledge but they don't want to invest because they think that they will run at loss because the don't believe in it. It is another thing to have the knowledge, and it is also another thing to believe in it.

Bitcoin knowledge is complete even without Bitcoin investment. It isn't a waste at all and I am even able to earn money without investment or should I say not spending a single cent during my time here in the forum. Knowledge is power as what many people think so if you have knowledge then you'll be able to earn because of it but if you think it's a waste then why not buy in small amounts of BTC until you have reached the amount you have plan to acquire.

There is no wrong with it but I think it is important if we use our knowledge to educate others, not just keeping alone. We can't blame people for saying it is useless if we don't use it for investment or sharing ideas with others.
However, it is all in our hands to decide, we might not have the courage to invest today but can be possible in the future. Besides, we don't urge to invest in Bitcoin but at least having an idea about this can help us understand why people are investing and holding.

Of course, all new things will require a process for those who are really just learning about Bitcoin. But for now I am sure that those who are new to Bitcoin will have a faster level of knowledge for them to understand what Bitcoin is because they can learn on every social media about Bitcoin either on YouTube or other social media. Because there is a lot of education about Bitcoin that can improve their knowledge. So, if they are still beginners and join the Bitcointalk Forum, it will be easier for them to learn Bitcoin because in this forum they can get everything they are looking for, be it how to invest well or everything. But they can only achieve this if they really want to learn about Bitcoin.

Now, regarding investment, they can do it in small amounts for the investment they make. In fact, it will not link them to a better level of knowledge if they only focus on investing without being supported by adequate knowledge about Bitcoin. But slowly they will definitely dig up their own information about Bitcoin and I'm sure those who know about Bitcoin definitely hear about it from their closest relatives.

After all, information is like money, isnt it? Even though you didnt invest your money in Bitcoin right away, you did invest your time and, which I think is just as important.

Also, heres some free advice: 20 years ago was the best time to plant a tree, and now is the second-best time. Similarly, the best time to learn about Bitcoin was probably when it was invented, and the next best time? Right now.

"Why learn if you cant invest?" people ask. I answer, "Why not?" You should be happy that you learned something; its like you've struck gold (or should I say Bitcoin?).

Yes, if we can't afford to invest, we can make ourselves a source of information and guide others. But for me, it seems to useless if we never use it in investing because I wanted to learn Bitcoin for that reason and it makes no sense for not applying it in real life.
I believe that it was not all about investment, we can still use our knowledge in some other ways. Well, we can't say that not all become successful from investing, some are ended up like a successfull spreaker which makes people learn more about Bitcoin.

In understanding each science, each person has a different way, some take a long time and some can understand it quickly, this really depends on each person's personality. I prefer those who learn Bitcoin by not investing directly because this will not be good for them because they don't understand this well, but if someone guides them well they can try it with a little capital so they can understand every process they carry out.