Topic: Experience is key, go for it. (Read 448 times)

Yes but not everything can be learn on forum. Maybe a guide cause experience in trading must be acquire on actual testing on the exchanges. Some here uses dex, but didnt have parameters on sell limit or etc. But the same concept when monitoring the charts and using parameters and indicators. Id like cex cause they have that feature that helps in gathering potential decision on trading.

Theory alone is not enough without being supported by practice. Theory and practice must be two things that cannot be separated because they play an important role in determining how successful a person will be in a field. The knowledge gained in forums is very useful when used when trading crypto assets, even though you are just starting to trade in crypto assets, it will be easy to determine your attitude when buying and selling. When you have the keys in your hands, it will make it easier for you to trade and invest because every action is always based on knowledge and experience.

If you want to listen to the latest trades in real time, you should at least subscribe to market data although it is not a requirement. Market conditions fluctuate so quickly, costs can swing wildly, putting you at risk.

I think this is necessary and considered.

In life, acquiring experience doesn't come if you don't make a move to try and start from somewhere. The soul called expert started as an armature sometimes ago. Fear of being a failure has made a lot run away from their dream work.

They say, we learned fast by putting it into action. Experience is certainly the best key to be successful in all life’s endeavors. Not only in trading, but in all aspects of our life that needs more practical application rather than just staying on theoretical knowledge that you have obtained.

In trading, being highly knowledgeable is required so you will know how to time the market. But as much as knowledge is essential, building your skills through constant practice and demonstration is also crucial. If you trade without skills, it’s like you are trading like gambling. You know you are good but you will never beat the house advantage.

Everyone of us here didn't know all things in this forum but we learn through conversation and reading the topics we want to learn. Like in bitcoins if we read an topics how to buy bitcoins then for sure we have hint  if when we buy or sell but if we don't have knowledge cause we didn't read some useful topics then it would lead us to loss. Cause there s chance that when the price is too high then we buy and in the end of the day the price is getting low. So it's very important how reading is.

Experience comes when you have to do something practically or go through it. But bro here the OP talking about the experience related to trading and you may be taking it wrong and linking it to the School. Well, that is also what we call experience and I think you got this from the post. Look experience is a tool that makes a person stronger and stronger. You will notice many people who have more expertise in a respective field, it does not mean that it is in his or her genes but of course from the experience. The experienced person is always dominant on the theoretical one because he is the one who goes through it physically many times.

This very practical in all aspect of life, experience what we need to have in other to handle a situation, this is why in most places you seek for either employment or any stuff you are been asked about the experience you have had in such field before you are been considered, when you get a piece of information without utilizing in like field, in some case you might forget it and this makes such information useless.

In the aspect of trading experience plays a major role, you can never compare a novice in trading and an experience trader, experience trader knows when to strike despite that sometimes it doesn't work as planned but it works more than the time it fails but when it comes to an uninformed trader the case is different.

Experience is the best teacher and it doesn’t matter how much experience you have, you should never stop learning because new things are coming out everyday and if you don’t have a grasp and basics understanding of them, the market will always turn against you as though you’re not an experienced person in the market. Continous learning is the key, not just experience and being lazy to take on new challenges that are evolving everyday.


Making a reasonable and calculated risk is very important in the bitcoin space. If you decide to take on the market at a go just the way it comes for you, you might end up taking a step that will backfire and the loss will become imminent and unbearable to take. Risk should be calculative and the one that will be bearable to take also, having experience is not all. Knowing when and how to take the next step in the market is also important.

It is important to remember that theory is just one part of the process putting it into practice and gaining experience through trial and error will help you understand it better. Experienced traders know to manage their risks buy and sell wisely and hodl. Keep learning start small and grow your experience level to make good decision. And if you jump with a huge amount with out experience so definitely you will face a loss.

Experience is a divine direction you can apply to go far to acquire knowledge of cryptocurrency, which it has helped many cryptocurrency users to became a professional in the community because they learn from other users mistakes to avoid such mistakes in the community. As a newbies, do everything possible within your capacity to focus on experience so that it will not be difficult for you to grow financially or mentally in the environment, because the more you learn from the forum and other social media the more you stand in a good chance to move to another next level that will change your story. You can overcome any difficulty that is making you to struggle to improve in the community, if only you can apply experience to know how users overcame such difficulty in the past.

Experience is the best teacher ,but learning from others will serve as a guide to whatever you are doing  because it reduces your chance of loss (risk) .Experience works solemnly well when you are knowledgeable and understand the concept of what you are doing because there is a saying that says that a knowledgeable man is an experience man .

I agree, but you have to know that experience comes with time. Experience comes with the learning process because I believe we are always learning.
Let's take trading for example. If you're learning to trade, you'll need to practice what you're learning and you do that by actually trading. But you have to know that you're still learning. You don't have to trade big amounts. Just small amounts that can help you learn.
I don't believe in demo accounts for learning to trade (just a personal opinion) because they're not the real thing.
So while learning and trading little amounts you begin to get experience on the job you're learning. Both the losses and the wins will be part of the experience and you learn from them.

Bitcointalk forum is a space where I can have all the knowledge about Bitcoin and crypto. Outside the forum, I also found knowledge through various sources that I was looking for, but it was not like the experience I found on the Bitcointalk forum.


Experience supported by will and consistency is the key in determining how good a field is. I think a lot of people here are trying to do that in improving their skills.

Experience has made traders very valuable in the market because it enables them to know when to buy and sell a particular product and also to determine the taste of the consumers and this enables the traders to avert unforseen circumstances.

To be successful as a trader does not always go smoothly, research is needed and steps must be taken correctly. The success achieved by crypto traders can be used as motivation for beginners who have just started trading crypto assets. They have to abandon the idea that not everyone can be a successful trader, but actually everyone can become a trader if they are willing to learn.

However, they also have to learn from the bitter experiences that traders had before becoming successful. Experience will give them the strength to face all the challenges that occur in the market. These challenges can be used as fuel that can provide stronger encouragement to continue moving forward in order to achieve success in trading crypto assets. To get a lot of profit in trading, of course you need experience and time to do research. Beginners must have high enthusiasm for achieving their dreams and must always consider market movements to help minimize losses.

Understand the basis of the system and how it operates. Experience is key, it should be our ultimate priority in the system, it teaches us to refrained from repeating some crucial mistakes in the system. This forum is broad, therefore one can learn about it in just a day, a week or a month. It takes years to totally comprehend the system. There are quite numerous sectors in the system for us to comprehend, we just have to keep learning about the forum because learning never ends. Experience is the best teacher, one can not understand something thoroughly without having knowledge or experience about that thing.

Information received and not acted upon is the same with no information received because no application as been made.

I choose to call this experience- practice and repetition. It is in doing it over again that success ensues.

Yes great advice. Pick a path and commit to it. Personally I try to avoid trading and mining as much as possible and stick to just hodling. Even hodling requires experience not to get carried away with the fuds.

Practice makes perfect, everything in life needs practice, the fact is having a full knowledge about bitcoin without putting it to pratice shows you're not perfect, in fact everything concerning bitcoin needs practice, trading, mining, selling, etc needs practice. Having an experience be it bad or good makes you stronger the more. Most traders you're talking about they have also seen the bad side of it and still the good side of trading. In essence putting to practice what you've learnt is the best

Op I understand you very well. I have seen and met some guys in real life. They are well educated and brilliant in their field of study or in computer in general but when they come to bitcoin investment they are zero. Then I came to understand that experience in bitcoin is needed in the investment and not only hearing about it and knowing it. You have to practice, use it so that you will know what to do and what to say. What really affecting the African countries education is practicals. We only have theories classes and not practice classes.

At the end, we must do practice and practice makes perfect.

If we only read to learn knowledge but don't practice, even our understanding is good, it is not helpful enough practically because we all end with practice. Practice to store our bitcoin, broadcast our bitcoin transaction. If more deeply understand, we can use open source, non custodial wallet, use Coin Control and customize our fee rate as well as know how to look mempools and choose a good fee rate.

Practice also helps us to detect our incorrect understanding and can help us to have better knowledge too.

Of course, theoretical knowledge that is not backed up by practice will not be able to provide you with a complete understanding of how the crypto market works. And only practical exercises will help us gain experience that will allow us to make a profit in the future.

And with such consistency, you will soon find out that a certain activity is already like a passion to you.
Wherein, you won't feel being forced to do such task but it all comes natural to you.
This will be a good feeling for you because you are enjoying what you are doing, and you won't get tired of it.
You need to dedicate your time and some of your resources if you are serious in doing good for one thing.
Patience and hard work are always needed to succeed in any endeavor in life. As you said, miner or trader, both need consistency and persistency to attain success.

Yeah.. Practicing what one learn is the best way to success. Experience is key and if you dont practice what you have learn, then they are useless. Thats why teachers give students  assignment or homework to do.

Experience will certainly be the best teacher in all forms of learning. As they say, you learn more by putting more practice and more experience until you become better on your chosen endeavor. Most especially when it comes to trading as its a battle of mind and skills, until you create your own working strategies that will make your trades work and succeed.

Learning without putting in action is useless. Although you may learn the theories and all its methods or strategies, but when it comes to practical application, you eventually fail. Not because you seem less knowledgeable, but because you lack the skills that is a crucial part in learning. 

The point is that you have to be consistent with whatever you want to master or are currently doing. if you are trying to become a trader then what you have to do is try to become a good trader by learning basic trading skills and also collecting capital that can support you in trading.

It's the same as when you are trying to become a Bitcoin or other altcoin miner, you have to be consistent and also learn the basic things a miner should do. Consistency and persistence are two important elements that will make you successful in whatever you are doing.

No doubt, It has already been said that experience is the best teacher and on the other way round is better to learn from someone else's experience, But sometimes is good to allow people to experience things themselves, so far it will not cost them much injury or their lives. when you experience things you will have a better understanding of the situation and know how to deal with them,  there is no way you can totally get rid of bad experiences, they will always come.

Now bringing it to trading and investment, no matter how you learn from someone's trading experience, there are some things you won't get right unless you feel it.

Take you for instance,  and using risk management as a case study, some people won't get the whole gist about risk management until they hit a loss which will teach them the biggest lesson of their life.

I've heard people in various gatherings say that information isn't necessarily power until it's activated, and I believe that. Some have access to certain privileged information that can change their fortunes overnight but get laid-back executing such. They expectedly will remain on the same level as those who are also completely ignorant of that information.

Nothing beats experience. Those who've fallen victims to scam should've that experience and know how to beat them at their game next time. Sadly, that isn't the case as most times the victims repeatedly fall to the same scam but packaged in a different module.

Experience is the most valuable teacher, this proverb may be familiar to Bitcointalk forum users. Whatever is done today will become experience in the future, an investor who has sufficient experience will find it easier to carry out plans to gain profits from Cryptocurrency investments.
To become a successful investor, experience is very necessary. It's like saying, people who have tasted pizza already know how it tastes, while people who have never tasted it can only guess how the pizza actually tastes.

There are two types of experience one is learned by rote and the other is acquired through lots of study and learning is definitely the key to success.Experience is another important factor. You must really understand what is good for you and what is bad for you Experience is your key will become You actually have to overcome fear first and handle trading or any other thing with patience then experience will take you to the ultimate peak.But you have to follow good experiences along with bad experiences to trade because those who follow bad experiences and fail to learn from them are followed by real knowledge.If you invest your capital by following those who have achieved it well, you will see that you have acquired a high level of knowledge about trading and have successfully overcome obstacles.Finally I think it is not possible to gain knowledge in all subjects by just getting education here one has to gain experience from practical or applied point of view and failure is also necessary because failure is the key to success.

Before someone gets experience for anything, he must also look for a glimmer of information he needs to start something he wants, because everyone is not born into this world immediately bringing their own experience. A person must practice better, even if it starts from his own parents, relatives, or the environment where he has played since childhood, so that experience also takes time to look for and it will be more focused when someone can get information that is more appropriate for him.

The process of gaining any experience also takes a long time, so each person must respect this process so that they can gain experience and use it as the key to something they like. A person must also consider all information as very important because from that he can also make a study before starting to do something so that information is also an important part that must be appreciated by everyone even though that person already has experience that he has gained from his own environment.

That's a very simple example and can also be found more easily in the crypto space, but you also have to see how many experienced traders fail before they really master when to buy, when to sell, and when to hold. Because before he knows these three things, there is a big possibility that he will also fail in his trading so that he can learn well from this and make it a very valuable experience for himself so that he doesn't fail again in the next trade.

I totally agree with you on this. Yes, experience is the best teacher and the key as the op put it but you don't need to make mistakes on your own just to get the experience. A lots of experience are on ground both in the forum and outside the forum that we can learn from. Although having personal experience pass a strong message than learning from other's experience. However, if we pay attention and study well from other's experience, we can escape having a personal experience because no one like to have a bad experience despite that it's good to have such experience some time due to our negligence so that we can learn the hard way.

Seek the necessary knowledge and information first before thinking of going for that experience else you will blame yourself for taking such steps after the bad experience. If the knowledge is enough, it will help to reduce the risk during the practice to the barest.

Practical know-how is essential to help comprehend some subjects fully. In some cases, theoretical knowledge also helps to gain foundational aspects, but if one is able to get exposure to experience, surely it would be good to achieve.

Nevertheless, we need to be aware of which subject where a practical comprehension is necessary. In which where theoretical knowledge is meaningless without it. In your example, trading, it is meaningless if someone merely has theoretical knowledge. That subject does require experience and practical understanding. So, it is not absolute.

Tho I do agree on some degree, I wouldn't suggest any newbie to just 'go for it' without enough knowledge and information, except if you have a lot of fund to be used as experiment. Speaking from experience, I don't start with a lot of fund, I would recommend anyone who want to do Bitcoin trading or mining to learn the very details, it's ok to learn a little bit longer before you actually experience trading or mining. In that way you might minimize the risk of losing your money.

That's absolutely right! Experience is the key because there's a saying that theory doesn't always work in real life. You'll only find out if something works or not when you put it into practice in a real-life situation. With experience, you can learn and make necessary improvements to reach your goals, whether it's in trading or investing. Just keep learning from those experiences until you succeed.

In trading, for instance, what you learn from reading is probably just the basics. You'll quickly realize how volatile the market is, and changes can happen overnight. Without gaining experience, you won't truly understand the real market situation. Take Bitcoin, for example. When it experiences a big drop, according to theory, it might seem like it's about to collapse. But that's not the real situation. Bitcoin has seen significant drops many times, yet it has always bounced back. This is why investors still have confidence in it.

Personal experience matters alot, when two people are speaking on a subject that they both have experience but from different sources, you can identify the person that's speaking from personal experience. Personal experience teaches you lessons that you learn from and better yourself while others experience just gives you a guidelines that you can't always fully defend. It's good to have others experience so you don't make silly mistakes that can cost you alot of money but personal experiences are very important. Let's take learning how to drive as an example, someone's teaching you verbally from their experience won't have same impact as you practicing by yourself and gaining experience as you make mistakes and correct yourself with their guardians though .


For somethings, we have to learn fully before we start doing them and not think we'll learn them along the journey. When you want to Invest in Bitcoin you can know some basic and then you Invest and learn more along the journey as your adventure in Bitcoin continues but when you want to trade, if you haven't learnt everything needed to know I won't advice you start trading, the strategy can be changed as you gain more experience from your trades but you don't have to learn half way and think you can start trading and profiting. When you do like that, you'll lose horribly to the market that might make you to quit trading entirely because you won't be able to recover from the losses.

lovesmayfamilis - you peppered him with so many questions, I hope he doesn't get overwhelmed by answering them all well. LOL

I totally agree with this one – of course because every successful person needs that one moment for all their previous efforts to really pay off, that's the process. The problem is how much he is able to try to keep getting up after failure, how long he is able to be patient, how consistently he is able to continue enjoying the process. All of that is difficult – but someone who has been successful has definitely experienced it.

Yes, it cannot be denied that experience is the best teacher and this is one of the keys to success. Even failure becomes a very valuable experience for us in doing something. Of course, the hope is that we can avoid the same mistakes and failures as in the past.

However, in this case, especially in crypto trading and investing, there are several things that must be ensured before we actually do learning by doing to gain experience. Namely preparing ourselves as best as possible by seeking an understanding of Bitcoin, cryptocurrency, trading, investment and others in the crypto business. This is all to minimize bad experiences that will occur. Indeed, we will never be able to avoid bad experiences 100%, but with careful preparation, at least it will be much better and lower risk.

On the other hand, even if we experience failure, we really know how to handle it well. So that we can evaluate these failures in the future. And one more thing, experience does not only come from us. We can also take advantage of other people's experiences for our future.

One funny quote about 'experience', is that one mat not live to tell the tale in the end, that's why it is important for everyone venturing into a new path such as trading cryptocurrency to know this, have peace from within, abide by the rule of trading, and try to learn from every situation or mishap encountered along the way.

I would go for the experience of having to try out something I have always wanted to, of which I see a potential of success to percentage greater than 50.
What am saying is that, the experience of actually putting into practice all I have learnt on trading crypto is worth more than the price of bitcoin or gold in the market now.

They say knowledge is power, but for someone to be knowledgeable, you should be an experienced and skillful as well.  This is why getting first hand experience is always essential most especially in trading activities that needs more constant practice and application for you to become a reliable and successful trader.  While there are traders who only focus on fundamentals, but working on its technicalities is very crucial as well as no one gets to perfect trading without engaging in both fundamental and technical aspects.

However, know that in everything we do experience would always be the best teacher. One can never truly learn without putting practical application on it most especially in trading market where uncertainty and volatility is very high.

Whether it's a scam or not, we'll still be able to learn from our bad crypto experiences. The only way that you can say one has not learned from it is if he still chose to repeat the same mistake again.

However, when we talk about investing or trading, being well-experienced on the market is a must. If you only focus on increasing your acquired knowledge without honing your skills, you can't say that you are actually learning. Because to be honest, we all learn through our different experiences regardless if they are good or not, as long as they bring us lessons to learn and ponder. And by the time that we can conclude what is trading or investing, that's the time that we have experienced their different risks until we finally come to understand them.

OP, I agree with you here. Having vast knowledge isn't enough for trading. Experience is the key when it comes to trading. I saw that Binance recently added a feature called copy trading to their platform. You can basically copy a trader's trade techniques or methods. Anyone with good knowledge can perform this simple task. But profit isn't guaranteed here unless you know when to trade and when to hold. Only an experienced person knows when and when. This is true for everything we do like gambling, betting, tading, mining etc.

Either way, knowledge and experience are everything we need in life, especially the bad ones. They will ensure that you won't make the same mistake twice. Of course there will be ups and downs, at least you would know what went wrong.

Learning to trade without practicing it will not help a person understand how to trade. They won't have much experience without practice. By practicing what they have learned, they will gain valuable experience.

And a person's experience can increase as his ability to analyze the market increases. With experience, someone can learn and fix their mistakes so they don't experience or make the same mistakes. Experience helps people know when to trade and exit the market.

And that experience applies not only to trading but also to everyday life. With experience, we can also become wise in facing life every day and it will also help control our emotions so that when we trade, we can also control our emotions well.

You're saying banal things, OP. But in practice, how many successful traders do you know in your circle, for example? And how many of those for whom the experience of mistakes and failures has forever discouraged the desire to do this? When should a person understand that he is ready to practice? It usually takes a lot of time to gain experience, and I am more than sure that for many people, experience is always associated with many mistakes. What should a person do next if they have too much self-confidence and a great desire to get rich quickly? And what should he do when he realizes, after regularly making mistakes, that he is not doing his own thing? You know, write the kind of posts that are full of them on the Internet. There are a lot of posts motivating people to go ahead, but the fact is that there are some moments of luck that go together with experience, and only this makes a person successful.

This is applicable to even scenarios outside the forum also just like when someone explains for you how to drive a car if you don’t put it into practice you may never understand fully how to move the car but you just have idea about it so it is with here and i see it more like a step if you really want to become an expert. Be it trading, mining or anything you will need to get rid of fear amd put what you learned into practice and gradually you will understand it better.

The first time I tried using p2p to buy a coin after learning about it somewhere I can’t remember to be precise everything look so different than how i read it, i was confused seeing plenty of buttons but I managed to complete my order and my next experience was much easier than the first and gradually I understood it more now i can even perform a p2p trade with my eyes closed…LOL. That’s how it is, practice makes perfect.

Trading with just learning expertise is not enough, you will require constant practice before you can fully understand it. You need to be exposed to the trading environment to fully understand how the market behaves and know when to stop loss or probably enter a trade.

They both work hand in hand with each other if one wants to be successful. You can’t skip a step and claim you want to achieve success, you need to start by learning the fundamentals and making sure you fully understand where to apply them and practicing them while applying them correctly in the right place. Also remember, every successful trader is a risk taker so you need to also learn how to take calculated risks.

You have provided the best tips for the newbies which will surely benefit the newbies a lot and they will get the best results in terms of trading. In any field, experience does not begin until a man enters the field.As most people trade by following the signals of others. In the same way, if we do not try to learn by following the words of others, then we will always be in need of others.

However, every person starts learning all these things with time.Often when we lose in a trade we realize more about our mistakes and we start to see where we went wrong.However, trading is a risky market where even experienced traders sometimes lose because sometimes the  market can go against our analysis and predictions.As the cryptocurrency market often fluctuates due to good and bad news,there fore global news also needs to be closely monitored.

Like they always say experience is the best teacher, experience gives a better understanding in every aspect of trading and investment. Experience explains better of how the market operates and not to panic when the market is going down dip. Experience helps traders and investors to have more patience with the market. Experience is everything to become a better trader or investors, experience helps to know which project is scam.
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That's why when their are little loses in trading in trading their is no need to panic,  it is just an experience that will help in the future to do better and not to go back to the same mistake that led  to the cause of lose.

Of course, as what the saying goes, experience is the best teacher. And that's not just the key here in crypto but in life though. That's why we all know that let's say falling for a scam is very annoying. But when you experienced it first hand, you will understand how you fell to the scammers trap and so you make yourself battle tested already and for sure you are not going to be scam again.

I'm not saying that everyone should be scammed or what to get that feeling and experience. But what I'm just saying if in the beginning, like myself, we was a victim of bitcoin doubler way back, it really made me what I'm today in crypto, not trusting anyone, and then the so good to be true offer, that is a red flag that it is a scam.

This isn't applied to only traders, or anything related to crypto, but in everyday life as well.
There are some things that we can only learn thru experiencing. There are times where we need to face hardships in order for us to be better. Experiencing the hard times makes us better.

As for traders out there, experience really makes them better that's why most of the newbie traders tend to lose money in their first try. It's because they don't know what to do, and the only way for them to adjust is to learn from their mistakes. What's important is that, you are learning from the experiences that you are gaining every single day.

Words of wisdom for the day. Thanks OP

Experienced, professional and disciplined traders don't hodl.

Why I said so. It's because they are traders who are very disciplined with opening and closing their positions. When they open their positions, they clearly have plans that when they will close their positions for either taking profit or cutting loss or simply closing their positions when time will no longer good to let it opens.

Because they are disciplined and professional, they will cut loss without hesitation when they see something is wrong.

Trading to hodling is only for amateur traders who don't have any plan for their tradings so when they fail with trading, they switch to hodling. But you know, they hodl for a while till a time their patience hits limit and they will panic sell.

There is a sayings that says practice makes perfect. When one continuously makes practice of what he or she has learnt it makes them perfect which gives them the experience they sort after. They say experience is a teacher and as well the key to perfection. So it would be nice if as an individual you always practice what you have been taught because when you practice,it becomes part of you. Ordinarily, you must not wait to work to gain experience but your constant practice of what you have learnt gives you the experience in waiting so that when the opportunity avails itself, you can take advantage of it as you have already gained the experience in your own practicing.

One path to learning is in the application. You can be grounded in the theory but the prove that you’ve learnt and it actually works is in you having to be able to apply what you’ve learnt. It becomes a means to gain from the knowledge you’ve got and build on it as well.
Some people have resigned to the theory and set aside the practical work because, it ain’t always the same with the theories having to play out in the same way in the market and that is to trade.

That’s why experience might be key but, you don’t need all the experiences out there to learn a lesson. You can as well learn from other people’s experiences.

Experience is is good and there are many ways to acquire the experience in the crypto space. You are always learning from yourself and from others. The quickest way to get experience is through others but I don know how effective it is compared to experience from oneself. I thinking that experience acquired through personal encounter is customizable. I prefer this type of experience. You get the message faster.

Well said and I wish all newbies get to see and also read through this short and precise writing and most times, most newbies come with the mentality of making quick profits without any effort which is absolutely wrong, I’ve always made it clear that cryptocurrency isn’t a get roach quick scheme and as such should be given time and just as the Bible said that what ever the hand find doing, should be done well and such should be applied here as whatever area or aspect of crypto we find ourselves, we should always try to give it our best but firstly, we should figure out and identify what area we’re really good at and try to stick to it.

It's different this time. It's so nice to see that many newbies are already welcoming and knowledgeable with what they're entering and that's the market, investing in Bitcoin and as well as the forum.

Exactly. As you start, start small and take it like you're on a ladder through step by step. But no one stops them if they want an instant knowledge, instant investment and so on. But the thing is to learn the process and make a progress.

There are people who don't put into practice of whatever information they have had but they always want to be receiving, the thing is you must learn to practice before acquiring more information. Like for instance someone who studied Mechanical engineering and he was thought how the machine works and the necessary areas of his field without even partaking in practical works does not make you a sound and qualify students because your experience is what they would classified you as before the Degree obtained from the school same is learning.

This isn't a forum about moneymaking though. This is a general forum about Bitcoin, where people discuss everything about Bitcoin - like its place in this world, technical developments, how to use it, etc. Making money in Bitcoin ecosystem is just one aspect of this forum. Beginners shouldn't think that the main purpose of this forum is to learn about making money with Bitcoin.

But when we say about bad crypto experiences then people set the mindset that it is scam so can we say they have learnt from it? They make different assumptions out of it but good experience comes from learning and once you start exploring and understanding about it so it should be best option although you learn from your mistakes as well.

Experience is the best teacher. But its better if you learn from the experience of others than waiting till you get the experience before you learn. When it comes to trading, there are lots of experience that has been shared on the internet especially in the forum here for beginners and other level to learn and practice so that they wont fall victim of any. So if you go through them try to understand what they have shared if it is what you will adapt and practice. One thing for sure is that the final decision is still yours to make whether to adhere to what they have shared and follow their advise or you can try your pattern to see if it will work best for you not minding the repercussion. This means that you are accepting any consequences and your ready to learn from your mistake. So in conclusion there are two ways to learn. One is from the experience of others and the other the experience you get form your own mistake.

What do you mean experience?? Like....in trading and risk management like you explained below?? Or in a coin transactions?? Like... P2P Transactions, staking, trading and volatility/ trend analysis?... Lemme just believe it's not about getting experienced on scammy projects... That might get 'em discouraged already..
I believe the forum was introduced for the essence of making a "readthrough" experience ( atleast from 'em peeps that never knew about BTT before getting registered on scammy sites)

Sandra 🧑‍🦰

Learning by doing in short. No one can maximize learning without practical demonstration so you can apply everything what you have learned and gained. The result will tell you if you have absorb the fundamentals well or you miss some of it that makes you not reliable on your task. This same goes for crypto investing and trading, and probably for crypto gambling as well. Everything that is put into practice more often will definitely create a better version of you, a more reliable and profitable on your crypto endeavors.

This is the reason why I don't advise people to trade using bots. The fact that you are not harnessing your skills because you rely on the works of other traders, then you lose the opportunity to excel on your own knowledge and skills because you put other works into priority when you should be the one to promote your own skills so you can be a successful and profitable trader in the process.

Experience is the key, yes but to avoid unnecessary experience, one must have knowledge of things.  So there is still a need for information in order to guide us in our endeavor of experiencing things.  Aside from the result of our actions, we can also acquire experience by learning from other's experiences.  Keeping a tab on others' actions and the result of their action can greatly help us to avoid problems when we do the same things.  Like in case of trading, there are lots of traders who share their experiences and actions so knowing this kind of information can lead us to avoid losses.


There is no need to remove fear because it is the reason why we get cautious and careful in our actions, we should conquer our fears and face them equipped with the knowledge and information needed to subdue that fear.

There are two experience, the good and the bad. To experience the good side is first to read, understand and then put into practice, if you don't read before jumping to experience, your hands will burn and by hands I mean you will learn the hard ways because you are going to lose everything, that's trading for you.

You can't experience good if you don't know the difference between candles, you can't experience if you don't know local support and resistance and global resistance and support. You can't experience good if you don't know how to use stop loss, you can't experience the good side of trading if you don't know risk management, you can't dwell in trading if you don't know basic indicators, trend, market emotions.

Above all, you need to remove fear to do well in trading and other aspects of bitcoin, the first time might be scary but people that are experienced trader's today don't have two heads, they removed the fear and it's now a good story (for those that learned).

No matter the amount of information you receive on this forum, if you don't practice and work on having a first-hand experience, you won't understand much.

Experience is key in everything we do and it plays a huge role in determining how successful we will become in that field.

Experienced traders know when to buy when to sell, and when to hodl. They also know how to manage any fluctuation in the market, This helps them to minimize losses and guides them to take reasonable risk.

As you choose either to trade, mine, or do what works best for you, don't forget to learn the fundamentals and apply them correctly. also learn how to start small and gradually, you learn on the job and with time your experience level should have grown and you can now start making a reasonably calculated risk.