Getting a good education on crypto currency needed before investing in it

CryptopreneurBrainboss

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Quote from: AYOBA on December 18, 2024, 01:13:48 PM

That’s just the facts most of the people are lack of enough knowledge, and that’s why when ever they come to invest in any coin their definitely fall down; especially when is Bitcoins investment that deserves much knowledge about, but they will know educated their self first before made decisions about Bitcoin investments.

Bitcoin investment doesn't need much knowledge to succeed in it, make people no go lie for you. Wetin dey here na to buy, hodl and sell when you dey satisfied with the profits them wey you done get based on your plans. Bitcoin investing no dey as complicated as we dey wan make ma. Suffer say you dey updated on the latest scams them and you no dey participate for anything apart from just hodling your Bitcoin, you no get shaking. Update nii dey finish so you need dey stay updated as you dey hodl na why I say you, you no need learn every single thing before you buy. As you dey wait self you do dey miss better price them wey you for enter the market to place yourself for better position to fit make better money from hodling. Get the required education that you need so you don't be an ignorant investor (that's all that matters).

I_Anime

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Quote from: uche6215 on October 30, 2024, 05:02:10 PM

Many people till today is of the opinion that crypto is scam that is why they run away from it when crypto currencies like Bitcoin is mentioned. The question that normally comes to my mind is if the person is exposed to the crypto market and has this person been educated and gotten sufficient information about the crypto market.

I have come to see that many people who are into crypto currencies investment like Bitcoin has no sufficient knowledge about crypto currencies and so they invest in the false information that was given to them by others and if they don't get return back on investment maybe due to the volatile nature of crypto currencies they become afraid of crypto currencies like Bitcoin. There's need to educate people about crypto currency before they do any investment on it.
What is your view on this topic let share our thoughts so we can learn new information about crypto currencies here.

Yeah there's need of having some crypto knowledge before going into investing in it . When am talking about knowledge am not talking about complex knowledge, I mean having some good basic knowledge, just to understand how the space work and stuff , and to identify some various cryptocurrency in this space .

But the main thing is avoiding procrastination, because it won't do you any good when comes to this space highest you be seeing your fellow enthusiast winning while you keep procrastinating, so better to start now and gain more knowledge as time goes.

AYOBA

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Quote from: uche6215 on October 30, 2024, 05:02:10 PM

I have come to see that many people who are into crypto currencies investment like Bitcoin has no sufficient knowledge about crypto currencies and so they invest in the false information that was given to them by others and if they don't get return back on investment maybe due to the volatile nature of crypto currencies they become afraid of crypto currencies like Bitcoin. There's need to educate people about crypto currency before they do any investment on it.
What is your view on this topic let share our thoughts so we can learn new information about crypto currencies here.

That’s just the facts most of the people are lack of enough knowledge, and that’s why when ever they come to invest in any coin their definitely fall down; especially when is Bitcoins investment that deserves much knowledge about, but they will know educated their self first before made decisions about Bitcoin investments.

This thread is a useful thread, especially for newbie’s that have interest on the Bitcoins investment and they don’t to wait to acquire enough knowledge, if they read and know what this your thread talk about, it will encourage to have much knowledge before investment to prevent from lose their money.

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Quote from: Dzwaafu11 on December 14, 2024, 02:03:28 PM

The thing is that anybody you see saying that cryptocurrency investment, especially bitcoin investment, is a scam is lacking in knowledge and understanding of what cryptocurrency investment looks like because if they had the knowledge, they wouldn’t say that, or some people say crypto investments are scams due to their past experiences; maybe they got scammed in the process of investing in a project or the other, so these kinds of people always say the crypto space is a scam.

It's not like they lack the understanding, I feel ignorant is what has taken over them and they don't want to learn. There is a big difference between I don't understand something and I don't want to learn about something despise not knowing anything about it and it's right there on the internet where you can learn free of charge. It's there, everyone is discussing that Bitcoin is trading above $100k which is worth millions in Naira and you still think it's a scam.

Some people that doesn't like something isn't like deeo down they don't like it, it's because they don't have the opportunity to own it and because of the jealousy, they will continue to hate. Who in his right sense will be giving $100k and he will reject and say I don't want it, it's a scam? Absolutely nobody, even the Nigerian government that are saying all sort of things to push bad PR about crypto, they will humbly accept Bitcoin donations if they are been given.

Huliya

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When it comes to investing, especially cryptocurrencies, it is very important to gain in-depth knowledge and awareness. If you do not know the right information about a cryptocurrency or any investment, it can be risky for you. That is, it can be wrong to see it as just luck or a scam, because if you gain the right education and make informed decisions, you can be much more successful.

Bitcoin has now reached a point where it can be considered a long-term investment. Looking at the history of Bitcoin, it has stood out as a recognized and established digital currency over time. Therefore, if you gain enough knowledge about Bitcoin and understand its movements, it can be a safe investment.

However, it is really important to say that education is never wasted. The more you learn, the more you will understand how to manage market volatility, how to deal with risks and make the right decisions at the right time. It is certain that your knowledge in Bitcoin or any other cryptocurrency or investment will lead you to success.

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Quote from: SatoPrincess on December 16, 2024, 04:38:06 AM

You dey correct OP. Newbies for the crypto space no won accept say them need to Learn before them Earn. Many crypto enthusiasts I don see for the internet dey misguided and misinformed, them no dey even talk about Bitcoin instead na the latest meme coins way go blow up nai them dey discuss about. Zero knowledge of Blockchain or crypto history, them just dey concerned about profits.

Your right because there is lack of sufficient information in the part of so many crypto enthusiast and investors that is the main reason why the rate of scammers is even on the rise because not many people want to really bend down their heads and learn what crypto is all about so most of them fall into scam and loss their monies so before going into the crypto space especially the newbies they need to have sufficient information that will give them the needed knowledge to thrive well in the crypto space

SatoPrincess

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You dey correct OP. Newbies for the crypto space no won accept say them need to Learn before them Earn. Many crypto enthusiasts I don see for the internet dey misguided and misinformed, them no dey even talk about Bitcoin instead na the latest meme coins way go blow up nai them dey discuss about. Zero knowledge of Blockchain or crypto history, them just dey concerned about profits.

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Quote from: Dzwaafu11 on December 14, 2024, 02:03:28 PM

Quote from: uche6215 on October 30, 2024, 05:02:10 PM

Many people till today is of the opinion that crypto is scam that is why they run away from it when crypto currencies like Bitcoin is mentioned. The question that normally comes to my mind is if the person is exposed to the crypto market and has this person been educated and gotten sufficient information about the crypto market.

The thing is that anybody you see saying that cryptocurrency investment, especially bitcoin investment, is a scam is lacking in knowledge and understanding of what cryptocurrency investment looks like because if they had the knowledge, they wouldn’t say that, or some people say crypto investments are scams due to their past experiences; maybe they got scammed in the process of investing in a project or the other, so these kinds of people always say the crypto space is a scam.

Bitcoin is one of the most popular crypto currencies in the world, and the reason why people have such questions about Bitcoin is that it is unstable. Although Bitcoin is unstable and its market fluctuates all the time, if we investigate properly, we will see that the Bitcoin market system is being operated by those who have limited knowledge about Bitcoin. Again, the Russia-Ukraine war and the global economic recession have created an existential environment that has greatly hindered Bitcoin's goals. However, we should note that in the last few weeks, it has crossed $100k, which has created a surprise not only for investors on the forum but also for people from all walks of life around the world.

I think those who have less knowledge or those who have not adopted a long-term DCA strategy or have invested for a short period of time from which they have failed to make a good profit and have not been able to expand their knowledge base can say all these things. I think overall Bitcoin has created a wonderful environment, so everyone should invest in Bitcoin and hold it for the long term.

Dzwaafu11

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Quote from: uche6215 on October 30, 2024, 05:02:10 PM

Many people till today is of the opinion that crypto is scam that is why they run away from it when crypto currencies like Bitcoin is mentioned. The question that normally comes to my mind is if the person is exposed to the crypto market and has this person been educated and gotten sufficient information about the crypto market.

The thing is that anybody you see saying that cryptocurrency investment, especially bitcoin investment, is a scam is lacking in knowledge and understanding of what cryptocurrency investment looks like because if they had the knowledge, they wouldn’t say that, or some people say crypto investments are scams due to their past experiences; maybe they got scammed in the process of investing in a project or the other, so these kinds of people always say the crypto space is a scam.

Shadiq

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I am not just talking about cryptocurrencies. For investing, you need to have a deep knowledge of the thing you are going to invest in. Your chances of success will be determined by how much education you have gained about that field. You can never leave investing to luck. If you try to enter crypto without gaining knowledge about crypto, then we are definitely going to make a big mistake.

For now, I want to leave Bitcoin aside. Most of the time, we see crypto as a scam, but are all cryptos involved in scams? Many times, cryptos scam us due to their own ignorance. When you invest without knowing the correct information about a particular crypto, there is a possibility of scamming you. Because you do not know how to manage the investment, you do not know how a crypto will behave when, you do not know how to disguise yourself during market volatility.

However, Bitcoin is now at a stage that we can trust blindly. Bitcoin is now at a point where if we just buy and hold for a long time, we can get good returns from it. The probability of a scam from Bitcoin is 1 divided by 100,000. That is, we can say that Bitcoin is now scam-free. That does not mean that we will not learn Bitcoin. Education is never wasted, the more you learn, the more you will benefit.

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Quote from: Abbatty on December 14, 2024, 09:23:16 AM

The thing he say most people especially old age people they see anything digital as scam, though I won’t blame them, cyber crime don too give anything digital bad name. Once people see you say u no de work and you de always press phone or PC dem go jus assume say na cyber crime you de into. And most youth again wey de see crypto as scam na most people wey no really make much research about cryptocurrency them go just see am say to buy, hold for some time and sell. Yes cryptocurrency is an all about that but when do you buy, when do you hold and when do you sell.

I go still talk am anything wey you wan really put your money being it crypto or not try make so much research before putting your money. Ask questions how such things work, what are the expectations and so many more. And again before you invest in crypto try get where you de see steady income so you won’t panic when the market changes.

Bitcoin has already come a long way, and I am sure many young people are aware that it is real and verifiable. So everybody who has stated something negative about bitcoin is just saying it because they don't have enough money to invest in it, and they haven't shown any proof that it is a hoax. Knowledge is the key to achieving any objective you desire because if you don't know enough about what you want to pursue, it will be tough and you will fail due to a lack of knowledge. And bitcoin, you must first gain understanding before investing in it, so that you will see the benefits on it and know how to invest and minimise your risk. Is better to get idea about something then just jump into it because you can lose and probably if you are lucky person you can achieve your goals.

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The thing he say most people especially old age people they see anything digital as scam, though I won’t blame them, cyber crime don too give anything digital bad name. Once people see you say u no de work and you de always press phone or PC dem go jus assume say na cyber crime you de into. And most youth again wey de see crypto as scam na most people wey no really make much research about cryptocurrency them go just see am say to buy, hold for some time and sell. Yes cryptocurrency is an all about that but when do you buy, when do you hold and when do you sell.

I go still talk am anything wey you wan really put your money being it crypto or not try make so much research before putting your money. Ask questions how such things work, what are the expectations and so many more. And again before you invest in crypto try get where you de see steady income so you won’t panic when the market changes.

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Quote from: Mayor of ogba on December 12, 2024, 12:28:09 PM

Quote from: uche6215 on October 30, 2024, 05:02:10 PM

Many people till today is of the opinion that crypto is scam that is why they run away from it when crypto currencies like Bitcoin is mentioned. The question that normally comes to my mind is if the person is exposed to the crypto market and has this person been educated and gotten sufficient information about the crypto market.

I have come to see that many people who are into crypto currencies investment like Bitcoin has no sufficient knowledge about crypto currencies and so they invest in the false information that was given to them by others and if they don't get return back on investment maybe due to the volatile nature of crypto currencies they become afraid of crypto currencies like Bitcoin. There's need to educate people about crypto currency before they do any investment on it.
What is your view on this topic let share our thoughts so we can learn new information about crypto currencies here.

As long as bitcoin is concerned, you don't really need to gain a lot of knowledge before you can start your investment in bitcoin. What you just need to gain is a basic knowledge of bitcoin, and you are good to go. And since bitcoin is not a quick way to get rich soon, what you really need to know is about your finances to figure out whether you will have discretionary income that will allow you to invest in bitcoin without using the money that is meant to solve your daily expenses, which will allow you to hold your bitcoin for a long time. The only time you will need good knowledge is when you are investing in shitcoins or altcoins because there are a lot of shitcoins and altcoins that are built on hype and no use case, so you need to be very well grounded to be able to detect the shitcoin or altcoin that will do well, which is even difficult to learn.

Surely, investment in shitcoins may come to zero if a newbie investor fails to understand the kind of coins they are getting and how volatile their market is.
Bitcoin investment is pretty easy to study up on individually, so any person we may find with interest in Bitcoin should be shown this Bitcoin community and be directed to other articles and videos on social media too.

The massive success Bitcoin has made among other close performing coins, paved the way for the new users as well as old bitcoin users to believe in the idea of cryptocurrency, the decentralized system and other ground breaking newer innovations in Ai bots and intergrations that has been much adopted lately.

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Quote from: uche6215 on October 30, 2024, 05:02:10 PM

Many people till today is of the opinion that crypto is scam that is why they run away from it when crypto currencies like Bitcoin is mentioned. The question that normally comes to my mind is if the person is exposed to the crypto market and has this person been educated and gotten sufficient information about the crypto market.

I have come to see that many people who are into crypto currencies investment like Bitcoin has no sufficient knowledge about crypto currencies and so they invest in the false information that was given to them by others and if they don't get return back on investment maybe due to the volatile nature of crypto currencies they become afraid of crypto currencies like Bitcoin. There's need to educate people about crypto currency before they do any investment on it.
What is your view on this topic let share our thoughts so we can learn new information about crypto currencies here.

As long as bitcoin is concerned, you don't really need to gain a lot of knowledge before you can start your investment in bitcoin. What you just need to gain is a basic knowledge of bitcoin, and you are good to go. And since bitcoin is not a quick way to get rich soon, what you really need to know is about your finances to figure out whether you will have discretionary income that will allow you to invest in bitcoin without using the money that is meant to solve your daily expenses, which will allow you to hold your bitcoin for a long time. The only time you will need good knowledge is when you are investing in shitcoins or altcoins because there are a lot of shitcoins and altcoins that are built on hype and no use case, so you need to be very well grounded to be able to detect the shitcoin or altcoin that will do well, which is even difficult to learn.

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Quote from: uche6215 on October 30, 2024, 05:02:10 PM

Many people till today is of the opinion that crypto is scam that is why they run away from it when crypto currencies like Bitcoin is mentioned. The question that normally comes to my mind is if the person is exposed to the crypto market and has this person been educated and gotten sufficient information about the crypto market.

I have come to see that many people who are into crypto currencies investment like Bitcoin has no sufficient knowledge about crypto currencies and so they invest in the false information that was given to them by others and if they don't get return back on investment maybe due to the volatile nature of crypto currencies they become afraid of crypto currencies like Bitcoin. There's need to educate people about crypto currency before they do any investment on it.
What is your view on this topic let share our thoughts so we can learn new information about crypto currencies here.

Learning before intervention is the best way to succeed in anything, not only in the crypto space. So investing in anything that you know nothing about can make you lose what you have never expected in your life, which is one of the reasons that most people that have no knowledge of crypto always take it as a scam, because no matter what, you must make mistakes, as they always say, Ignorance is the most deadliest disease.

Although many people have started to understand that having knowledge before investing is the best, that is why I always see them going to the extent of paying to enrol in a program that they will know more About crypto and how to avoid making the wrong decision when investing, especially when it comes to financial management and also risk management, because those are the two major factors that will determine your success or loss in crypto.

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Quote from: Barikui1 on October 31, 2024, 03:43:44 AM

Quote from: Hewlet on October 31, 2024, 02:37:36 AM

When you say good education, e go come be like say you need to study about crypto well well before you go de reason to invest in Bitcoin or any crypto of your choice. Normally, People when still de reason say crypto na ponzi or say e no de beneficial na people when no really sabi how crypto take de work and possibly, because them don hear about the risk when de inside crypto and never pay attention to know say the risk na just based on the volatile nature of crypto and nothing more.

No, try to understand the angle the op of this thread they come from, you need good education no mean say you must use years study am, I believe say wetin him dy try talk is that you need the right education or information.

You know say one of the major problem we get in this country naija, especially toward cryptocurrency na misinformation or wrong knowledge shared, and to tell you the truth for we country wey we dy so, so many people still dy see crypto as scam or Ponzi scheme base on say when them been get the information about Bitcoin and crypto na the wrong information them been hear, so misinformation na one major thing the op is trying to talk about when talking about the getting a good education on cryptocurrency.

Then lastly, in other to succeed in any business or any field, your level education on that field na one major thing wey go determine wether you go dy successful in it or not, because having the right knowledge is key in everything you do.

Exactly, in fact, I'm shocked seeing two of my friends that saw when I posted Bitcoin @$100k, asked me whether Bitcoin no be scam, imagine that people are still seeing Bitcoin as a ponzi business and not legit and this is as result of no education or misinformation about Bitcoin, thus making it needful for people to have proper education about cryptocurrency and not actually a university degree kind of.

Someone who has proper knowledge about a business that he or she wants to venture into is always on a better side of the business than someone who doesn't have any knowledge.
And I'm of side of getting a bit of knowledge or education about whatever you want invest or put your hard earned money.

Marykeller

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Many people wey d opinion of crypto being scam to them must have had ugly experience with am from people wey no properly educated them on am about the volatile nature of crypto, which them kukuma invest with high expectations to be rich within a short time. They left being disappointed about it with loss of investment, them come conclude that Bitcoin investments is a scam because what they are told at the initial time by one who introduce them to Bitcoin investment is not what they are seeing.

However, as human beings we are, when we have an ugly experience about something be it legit or not, we tend to castigate it cos our past experience with am no go well. Em go take another level of convincing for us to accept am, to see it as being legit.

So, when you see someone talking about Bitcoin to be a scam, correct them and explain better them on why Bitcoin is never a scam. Many of this people wey sae Bitcoin is a scam nah base on their ugly experience with am from people wey no properly educate them about Bitcoin and its investment.

AYOBA

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Quote from: TEBTC on December 06, 2024, 08:33:54 AM

Everyone needs a sufficient knowledge of crypto currency before going into because in life any thing that you're going into you should have a sufficient level of knowledge and enlightenment to succeed, knowledge plays allot of role to play in crypto currencies

Normally in life is very important for anyone who really have interest on investment to have three things, first one is capital that your going to use build your investments, secondly is plan having a plan on what coins a person want to buy is very important, third knowledge is the best key of investment. Because is enough knowledge that can lead you to become successful in your investments without to much of losing of money.

TEBTC

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Everyone needs a sufficient knowledge of crypto currency before going into because in life any thing that you're going into you should have a sufficient level of knowledge and enlightenment to succeed, knowledge plays allot of role to play in crypto currencies

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Quote from: ? on November 22, 2024, 04:36:58 PM

Getting educated isn't bad mostly to those new investor who wants to invest on crypto but aside been educated They should understand and also develop a sense of how the curreny work before investing mostly those who are new to the system.And is because when you understand how the curreny works you also know the risk involved so you don't blame anyone or the person who has educated you on crypto or think crypto is a scam

One thing you need to know about crypto is that learning something new about crypto isn't just for the beginners, even the old people can learn too because scammers are everywhere and they step up their games in everything they do in this space, if yiu are not update about the things that happen here you might be scam later or sooner. When there is update, you learn it and share it with others and if there is a warning about something, take it seriously.

if there is something I love seeing about crypto education is the aspect of security. You need to be very active on this one otherwise you may not know when your wallet is drain. It's easy to start anything in crypto but you need to improve in your knowledge about crypto wallet and whenever there is update on your wallet, do it and it should be only on the official web page, anything outside the official website is a potential scam.

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