Bitcoin kwoledge is not complete without bitcoin investment - page 18.

_BlackStar

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Quote from: Blitzboy on September 16, 2023, 04:21:45 AM

Quote from: _BlackStar on September 15, 2023, 03:39:47 PM

-snip-

You bring up an interesting point: investing to learn versus learning to invest. Theres value in jumping right in to learn the details, but theres also value in watching, learning, and then taking the leap of faith.

Yes, nothing makes you pay more attention than having something at risk. If you have money at risk, you're more likely to stay up-to-date, read the news, and know how the market is moving. But this isnt the only way to do it. In the world of Bitcoin, groups like this can be thought of as an alternative way to learn. Here, you can learn from the knowledge (and stupidity) of the group without having to put your own money at risk.

At first, people might just lurk around threads and posts, but over time, many of them become involved participants who take part in discussions and even invest. There is no "one-size-fits-all" way to learn about Bitcoin.

I have said something similar in the second paragraph – meaning that having bitcoin is not mandatory if you want to study. Everyone's way of acquiring knowledge is different – but in the end the goal is the same.

The approach that we often find when someone learns about bitcoin is not to invest first. They learn from various sources, many of them even have mentors who are ready to teach them about how the market works and how bitcoin is worth it. So I don't mind a different approach because the main goal is to make a profit.

freedomgo

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Some people will certainly think that it's useless to attain bitcoin knowledge if you don't have the plan to invest in it after. However, if you don't limit your thinking, you can influence other people through your high knowledge with bitcoin. As long as what you tell them are the facts about bitcoin, and they eventually believe on it, you could be the key to their life's success in the near future.

adzino

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I totally agree with this. There are some people that just "learns" about bitcoin through various sources and starts to think they are already professionals. Just reading or watching videos about Bitcoin isn't enough. Real understanding comes when you dive into it. It's like learning to drive. You can watch tutorials all day, but you truly learn once you're in the road with a car and start driving. At that moment, everything will feel different. You won't remember half of the "tutorials" that you watcheed. And the next best thing to learn from is through mistakes. We all make mistakes and we should learn from it. The same goes for bitcoin. As long as you don't invest, all the investment knowledge that you gain is useless.

Z390

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And who told you that it's a waste of time to learn about Bitcoin without having money to invest in Bitcoin? No knowledge is lost in this world, if you aren't capable of investment today you can invest some other day, many people learn about Bitcoin and they aren't able go invest into Bitcoin until a few years later, I was one of those people, I took my time because I had some doubts at first.

Taking my time made me know things I never thought I would, it's very fun learning how to mine Bitcoin, and running nodes, setting up crypto wallets on PC as stuff, I wasn't into this but Bitcoin made me know all about it, and I was able to do them myself just by ready and learning online.

It's wrong to learn about Bitcoin today and decide to invest in Bitcoin even while you can't afford it, but because you now have the knowledge about Bitcoin you want to make it a must to invest in Bitcoin, it just feels wrong, Bitcoin is highly volatile and that makes it a risky investment, so you still need to invest only what you can afford to lose.

0t3p0t

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Of course without knowledge, whatever you are going to do most especially risky things will surely goes wrong. As what others have said that knowledge is power and it is true. Sometimes experiences gaves us knowledge and that teaches us the next time we are going to engage whatever we wanted. Academic studies or theories is not enough without on the job training or practical application when we are going to talk about education. Lucky for you that you have invested like more or less $200 in bitcoin because I myself have none. Just a little advice if you are a newbie I think buy and hold is the best thing you are going to do leave it like 3-6 years on your cold wallet and enjoy life.

Cryptomultiplier

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Of course a theory class wouldn't just be enough. There has to be time for real practicals, so as, that which is taught is actually learnt and well understood.

At best a person who just gained the knowledge of BTC should be courageous enough to download any exchange, sign up for a new account, register KYC verification if needed, and navigate the exchanges' features to have a feel of what to expect ones real coins or BTC starts coming in from either personal investment or from trades and or completed transactions.

bitbollo

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investment? in the end you need to use this technology "real life" to appreciate its advantages which overcome the speculative aspect and become something "priceless".
Example:
sending "value" in a few minutes from the other side of the world without intermediaries.
carry out transactions with negligible costs.
being able to store this value safely and easily.
In short, the advantages are wasted, it is up to the basic user to discover all the options.

irhact

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Quote from: Natalim on September 15, 2023, 02:46:58 PM

Bitcoin knowledge is not only utilized through bitcoin investment. You can take part in any discussion about bitcoin because you know you have the advantage over others. You can be a bitcoin enthusiast and work like a bitcoin influencer or you can be a bitcoin ambassador that will promote bitcoin in your country. With that, your knowledge on bitcoin has always prove that you can be an instrument towards others to learn bitcoin as well. If you decide to invest in the future, that's already your individual's choice and decision.

You're correct, not everyone has the money to invest in Bitcoin so they can use other ways to get Bitcoin like some of the ways you said. They can also participate in discussion on the forum and because of the knowledge they have about bitcoin, their post will always be good post and they received merits that grows their account to a higher level that they can participate in signature campaign and earn some bitcoin that they can decide to sell or hold for the future.

Other determined individuals that don't have the money to invest can teach about bitcoin on the internet and get paid like influencers are getting paid on many social media platforms. Twitter just started paying and they can start from there to build their audiences to teach.

Alpha Marine

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I don't agree that Bitcoin knowledge is not compete without investing. The fact that a person does not have the money to invest doesn't mean his knowledge of Bitcoin is not complete. I knew a lot about Bitcoin before buying Bitcoin for the first time.

It's good you've finally decided to invest in Bitcoin but hope you did so because you believe in it if, you don't believe in Bitcoin you'll sell when you were not supposed to sell.

Also know that Bitcoin is a currency, meaning it's a means of payment, not just an investment. It's good that you have Bitcoin that you hodl for investment but it wouldn't be bad if you also use Bitcoin as a means of payment where possible.

KiaKia

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The money you made from renting out your apartment is extra, you can easily divert such money into investments every month or year depending on how you get paid, this type of strategy is far more convenient than using part of your salary to invest in Bitcoin per month, you are lucky you get something from your parent, not everyone is as lucky as you are OP.

Also remember that some people have every money that can use for investment, and when they start the journey they lose so much money because they lack the knowledge, it's better to have every knowledge first before investing money on crypto, lack of money to invest will keep you away from some mistakes, if you read a book more than twice, it tends to be more clearer to you.

One doesn't complete without the other, I get this, but seeking knowledge first should be your main focus before putting money into anything, there is nothing like too much knowledge.

Blitzboy

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Quote from: _BlackStar on September 15, 2023, 03:39:47 PM

Quote from: Natalim on September 15, 2023, 02:46:58 PM

Bitcoin knowledge is not only utilized through bitcoin investment. You can take part in any discussion about bitcoin because you know you have the advantage over others. You can be a bitcoin enthusiast and work like a bitcoin influencer or you can be a bitcoin ambassador that will promote bitcoin in your country. With that, your knowledge on bitcoin has always prove that you can be an instrument towards others to learn bitcoin as well. If you decide to invest in the future, that's already your individual's choice and decision.

In my opinion, when you have never been involved in an investment instrument – it is difficult for you to learn that instrument consistently. It is clear to see that when someone starts investing their money in a particular instrument - then they will learn about it regularly and that will keep their knowledge increasing.

One's interest in a subject allows for greater understanding - but, possession of bitcoin is not a prerequisite for learning about it. On this forum, many users are learning about bitcoin without initially owning any. But then, they eventually acquire bitcoin through investment or other means.

You bring up an interesting point: investing to learn versus learning to invest. Theres value in jumping right in to learn the details, but theres also value in watching, learning, and then taking the leap of faith.

Yes, nothing makes you pay more attention than having something at risk. If you have money at risk, you're more likely to stay up-to-date, read the news, and know how the market is moving. But this isnt the only way to do it. In the world of Bitcoin, groups like this can be thought of as an alternative way to learn. Here, you can learn from the knowledge (and stupidity) of the group without having to put your own money at risk.

At first, people might just lurk around threads and posts, but over time, many of them become involved participants who take part in discussions and even invest. There is no "one-size-fits-all" way to learn about Bitcoin.

KingsDen

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Quote from: Z-tight on September 13, 2023, 09:01:26 AM

Don't post the amount of BTC you bought here and the details of your transaction, keep those details to yourself as it should be private, i suggest you delete that image.

Not many people pay attention to their privacy. The citizens of many developing countries are used to giving away their privacy easily. So, even when the consciousness of privacy is instilled in the minds of those persons, it is difficult to follow up almost immediately. It takes time and even upto years for them to understand the importance of privacy. That is why I love this forum.

Op, you did well by starting your bitcoin journey and not relying on only learning. With the way you sounded about your investment, it seems you understand what you are doing. I wish great in your bitcoin journey.

fruktik

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Quote from: Kasabus on September 15, 2023, 02:29:59 PM

I don't think it is. Knowledge is power so once you've gained it, that will always be your edge everytime you decide to share information about bitcoin, most especially if you decide to invest in the future. So whether you invest today or in the future, your bitcoin knowledge will never go into waste as you can always educate others through your own knowledge, or even use it to find jobs in the crypto market that caters about bitcoin.

This is the process we are engaged in on this forum. Yes, you may not have investments in Bitcoin, but no one forbids studying information. It's also an experience. Even without practice. Everything comes with time.
This doesn't suit me. I'm used to checking everything from personal experience. Therefore, I have a small contribution in this area. Modest, but still there. I believe that without this it is impossible to understand the fullness of this crypto world.

Salahmu

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Acquiring knowledge about Bitcoin is very important which will help and fuel your Bitcoin journey and if after being knowledgeable enough but could not utilize the opportunity by putting your knowledge to work by investing on Bitcoin then it becomes incomplete just like they said knowledge without practice is a waste, perhaps someone could draw a plan or a strategy in which while acquiring for the Bitcoin knowledge your accumulating Bitcoin bit by bit, take for example you're earning $500 from your real time job and at the same time your acquiring knowledge about Bitcoin you can set a target of investing $100 or $50 from your salary earning, with that before you realize you have accumulated a good amount of Bitcoin.

But your target should be for a long time holding to allow you have rest of mind because short time traders tend to be the people who always chase the market movement were as they sell immediately as the price comes up a bit which can create a panic if the price moves against you, so your target should be for long time holding.

hatshepsut93

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Well of course if by "Bitcoin journey" you mean investing in Bitcoin, then it's not complete without actually investing. And simply studying Bitcoin will not yield any results if you don't obtain Bitcoin one way or another.

But remember that you don't have to be a Bitcoin expert to profit from Bitcoin. Bitcoin price movements are not dependent on your Bitcoin knowledge. And trying to trade to always profit from any price movement will likely backfire, because most short-term traders are losing money.

lionheart78

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Quote from: Kasabus on September 15, 2023, 02:29:59 PM

I don't think it is. Knowledge is power so once you've gained it, that will always be your edge everytime you decide to share information about bitcoin, most especially if you decide to invest in the future. So whether you invest today or in the future, your bitcoin knowledge will never go into waste as you can always educate others through your own knowledge, or even use it to find jobs in the crypto market that caters about bitcoin.

In some sense, gaining knowledge about Bitcoin to look for a job that pays either in Bitcoin or other forms of currency is like investing. This is like investing to learn new knowledge also called personal Human Capital investment where we spend time and money to learn a new skill and have a better job in the future.

So gaining knowledge about Bitcoin can be considered an investment itself. But I do agree that we do not need to invest in Bitcoin to make our Bitcoin knowledge complete.

Russlenat

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For some it might be but if you analyze it closely, no knowledge will go into waste. Yes, that's right. Your knowledge and hardwork to achieve that will determine your future. So it's a good thing actually to invest yourself with knowledge first then just decide later on to invest in bitcoin for real. For now, use your knowledge to inspire others to get to know bitcoin. People with the high passion to embrace the newest technology will always appreciate it and I return, they will also do the same to other people.

usekevin

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Quote from: Kasabus on September 15, 2023, 02:29:59 PM

I don't think it is. Knowledge is power so once you've gained it, that will always be your edge everytime you decide to share information about bitcoin, most especially if you decide to invest in the future. So whether you invest today or in the future, your bitcoin knowledge will never go into waste as you can always educate others through your own knowledge, or even use it to find jobs in the crypto market that caters about bitcoin.

The knowledge is always ultimate one,if you gained knowledge in the bitcoin.So until you implemented the bitcoin in the trading,the knowledge which you had earned may be leads to the loss.The people who inverse their money for the future,then the bitcoin will be the first place in the crypto currency.The knowledge in the bitcoin may not be waste until you trade in the bitcoin after earned the knowledge.The implementation after the knowledge gain is the most important factor.Some of my friends doing trading as their full time job.

The Cryptovator

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How would knowledge be complete without real experiments? Just learning won't give you complete knowledge unless you use it in real life. It's just not for Bitcoin; this case is everywhere. However, it appears that you know enough about Bitcoin to secure your funds. But I'm just curious why you were so confused, though you were well aware of Bitcoin. It's good to see that eventually you reached a conclusion and bought Bitcoin. It's not necessary to show your wallet or purchase history here. Just make sure to hide the important and private parts if you really want to share proof.

_BlackStar

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Quote from: Natalim on September 15, 2023, 02:46:58 PM

Bitcoin knowledge is not only utilized through bitcoin investment. You can take part in any discussion about bitcoin because you know you have the advantage over others. You can be a bitcoin enthusiast and work like a bitcoin influencer or you can be a bitcoin ambassador that will promote bitcoin in your country. With that, your knowledge on bitcoin has always prove that you can be an instrument towards others to learn bitcoin as well. If you decide to invest in the future, that's already your individual's choice and decision.

In my opinion, when you have never been involved in an investment instrument – it is difficult for you to learn that instrument consistently. It is clear to see that when someone starts investing their money in a particular instrument - then they will learn about it regularly and that will keep their knowledge increasing.

One's interest in a subject allows for greater understanding - but, possession of bitcoin is not a prerequisite for learning about it. On this forum, many users are learning about bitcoin without initially owning any. But then, they eventually acquire bitcoin through investment or other means.

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