Topic: Getting a good education on crypto currency needed before investing in it (Read 936 times)

This is true. Almost every crypto investor learned the reality of crypto while already investing. Most time people only introduce you to the good side of crypto, you learn the other side when you get into crypto.

In as much as there's a good and a bad side, not many newbies would want to try if you let them understand how risky crypto investment can be at some points. Sometimes it is better to learn in the game but don't be greedy when you've not learned the bad side to avoid your money vanishing.

Well all you need to is just the basics about crypto currency such as what crypto currency is, how to get, where to store it if you have, what are the risks involved in investing in crypto currency and what are the benefits. So don't have to spend years learning all this. So good education is not necessarily require before you can start your investments in crypto. There are a lot of investors that started there investments without much education on crypto but as times goes by they begin to learn. So if one wants to have a good education before start investing in crypto, I think is not the best option you can be learning about crypto while still accumulating

There are various crypto analysts who provide market information, but those analyses do not always produce the expected results, so while obtaining the necessary knowledge and information is important, it is not a guarantee that an investor will profit from the information. After all, different analysts provide different analyses on a particular cryptocurrency.

I see many people here are missing the track of what the OP is trying to say, if you understand what the OP is tying to say towards my own direction,you know that the OP is trying to be bresf that,you don't have to spend years learning about BTC,just go for the right knowledge and the information that's all.

In addition to watin our  boss talk, e dey very necessary to get at least a little bit knowledge on it before you go into Bitcoin investment so that you no go come completely be novice on it.

Many people dive into bitcoin investment without any rare knowledge on how it works and when they become unsuccessful they tagged it (bitcoin investment) to be scam.

However, becoming successful in bitcoin investment is directly proportional to the level of knowledge you have in it.

We must not forget that there are crypto scams, and those who believe that crypto is a scam may have been scammed before or know someone who has been scammed, leading them to believe that everything about crypto is a scam. Whether we like it or not, experience shapes our thinking, and removing such an opinion from a victim's mind will require a great deal of proof and conviction before they will change their mind about cryptocurrency. I recall vividly telling a friend about bitcoin and trying to persuade him to buy crypto coins, but he flatly refused because he had lost a lot of money on MBA Forex and had decided not to participate in any form of online investing.


Education is important before anyone embarks on any form of crypto trading. A trader who understands the cryptocurrency market will not be swayed by market trends. Education can help a trader determine the best time to buy, hodl, or sell a cryptocurrency. This knowledge will allow a trader to profit from the cryptocurrency market.

Actually having an education background on cryptocurrency before investing on it, because cryptocurrency is a digital that one needs understanding before investing or under going any transactions, in order to avoid lost, so once someone is exposed to crypto market and also be able to have the knowledge on how Bitcoin works

Good education and general knowledge are definitely required before joining cryptocurrency. Education is very important in any field of work and of course crypto is no exception. The more you know about cryptocurrency, the more you will benefit from investing. Just like a knowledgeable person seeks knowledge. Similarly, an investor seeks education after failure. However, I think it is okay to have no education before joining cryptocurrency. Because with time, you will learn and will learn a lot.

I think you will still scare them more by using the word cryptocurrency which is basically a general name given the these different coin where we have bitcoin and other coin like shitcoins in it and most of this people might have invested into one of those shitcoins and probably lost all his money because puting your in shitcoins is too risky infact it is advisable to put only 10% of your income into shitcoins because they are unreliable coin to invest into so try and be specific if it is to be bitcoin or shitcoins.

Now investing into Bitcoin doesn't necessarily need having all knowledge concerning bitcoin as long as you have the income which is suppose to be your leftover income also your discretionary income and you have gotten some basic knowledge about Bitcoin you can start up immediately while you figure out more things concerning bitcoin investment because waiting to get full education or knowledge about Bitcoin investment may along the line lead to procastination or the money kept for investment might be use to settle other challenging needs which may arise that's why it is important to start up immediately and find out more about Bitcoin while you are already accumulating Bitcoin gradually using the DCA strategy.

If you can read and write, you can go through anything. What you just need is to pay attention to what you want to learn. For every other piece of information you need, you can find material about them online. All you need first is to be willing to learn; that's all that education and a degree are. It's just a paper, and maybe at least it can upgrade your level of understanding of things.

Anyone who has gotten sufficient knowledge about the bitcoin market cannot come out publicly to say that it’s a bad investment or a bad technology to discourage people from not participating in it. The bitcoin market is really enormous but having the right knowledge about it will make it a very simple technology to understand and adapt in your financial life. Information about anything is important and if such information is yet to be getting to a sufficient amount, it is better not to mislead people into what you believe in and not certain about.


One thing that is very common about cryptocurrencies and not only bitcoin is that, the person telling others about it will only tell them the best part of the investment and not tell them what they need to do and what they need to have and put in place before they will begin their investment journey. It is very easy to convince people to invest in bitcoin when you tell them the enticing part of it but it’s very hard to convince them the second time when they already lost hope, or money after using the initial advise to join the crypto space. It is important that real and accurate information is passed about crypto, that will enhance the adoption and the careful management of bitcoin assets in the custody of those that own it.

To be educated in crypto currency is good, a lot of people has interest to invest in crypto currency, because they have this fear in them and they think there educational standard is not good enough for them to take the risk involve in crypto currency, you dont need a quality education to break through in crypto currency consider the few steps that will guild to Deepen your knowledge and understanding in crypto currency trading strategies to avoid loss.

D koko be sey everybodi like d smell of money. Nobody go wait once dem feel sey dem don see opportunities to make dat money. If you nor help dem do d investment dem fit begin see am like sey you nor wan help dem make money. For me, wetin I dey look at to onboard any new persin na to make sure sey I teach dem wallet security before allowing dem to invest. I nor dey like buy and keep any cryptos for anyone. I go fit help dem buy am but na dem go hold d app and seedphrase by demselves. Then I go tell dem to read up on it if dem dey interested. Na so I take learn too. For my own case, I nor even get any mentor to teach me like a nursery school pupil. Na cut and join I take bring myself up.

It's important to first of all know the kind of investment you are about to go into before making an attempt to start it, so that you don't make mistakes while doing them. You need know the best wallet to use for holding your Bitcoin before you start to buy bitcoin... Some crypto newbies no sabi the difference between exchange and wallet. Just as person go think say binance sef na wallet.
Crypto newbies think say Bitcoin investment na get rich quick scheme na make some of them no fit they invest on Bitcoin for long term. When they see say them no get profits the way them dey except am them just give up. All these sef na because of wrong informations when them they get from their sources.

It’s just pure ignorance that makes people to think that way about bitcoin. Not having knowledge really keeps people in the dark and makes them to think bitcoin and every other Altcoin is the same and some actually believe some new token will replace bitcoin in no time.

Names given to Memecoins now are very misleading but for only those who have little or no knowledge about the crypto industry, you should not believe everything you see or hear in the industry and should always make personal research about any coin before investing in them. A coin having a name of a popular celebrity doesn’t guarantee that it’s safe for investment that’s why it is important to be knowledgeable in anything we do. Seeking knowledge in the crypto world is very important else we would end up losing a lot of our assets to scammers or failed investments. Make we no take knowledge play for this industry and make we seek knowledge and research on a certain coin before investing in them.

E just be like any other business you fit think of. Ok make we use palm oil as example. When person buy palm oil for large quantity store am. Maybe him dey predict say by November palm oil go scares or celebrations go start to plenty during that period so him dey plan to sell the palm oil during that period and things come go as him take predict am him go make good profit. But e no mean say the prediction go dey accurate all the time things fit come change due to some kind circumstance. Na the same thing with Bitcoin. We go buy Bitcoin and just like we study season for the palm oil we go follow study market trend for Bitcoin and some other fundamental factors before we decide when to buy, if na short term goal we go specify our price target or if na long term goal we go specify how long we wan hold our coin. Him no need to know everything to start. E even better as you the learn while you dey invest, e go give enough experience and risk management techniques.

Many people get the misconception that every cryptocurrency is like Bitcoin, not knowing that Bitcoin is superior to altcoins, they will invest a lot of money when they hear about a cryptocurrency that is being hyped. The trend of using the names of popular people as the names of memecoins is very misleading, people who don't have knowledge about scam projects will fall for the traps. In Nigeria, we have had memecoins that was shilled with the names of our local celebrities, even Donald Trump, the American president and his wife's names have been used for memecoins and investors are counting their loses because they felt that buying tokens with the names of influential people means that it is genuine. I hope that people can learn from this failed crypto projects and understand that many cryptocurrencies are scams.

Before investing in cryptocurrency there is definitely a need for education i.e. you must know about investing. When a person is experienced about investing he will never invest in wrong coin on wrong advice of others. Moreover, if experienced about investing, that person will be able to perform proper market analysis. OP since you mentioned investing in cryptocurrencies here, if you are interested in investing in Bitcoin instead of other coins you don't need to be very experienced in the beginning. Because there is a method to invest in Bitcoin that you can start investing with little knowledge. All you need in the initial stages is a disposable income, with which you can buy bitcoins regularly.

It is only somebody who is ignorant can think this way, when scammers scam someone and the person loses money will they say money is scam? Scammers can come with a different strategies which they can get private details of your bank account which strangers are not supposed to come across,  and if they succeed in getting these details,  it won't make any sense to say money is scam,  you only gave out information which made it easy for these scammers to have access to your money. Bitcoin is not scam , people only make mistakes in giving out details for scam to get bitcoin. You will only lose valuable assets due to lack of understanding by handling it well or giving scammers the chance of getting it from you.

Before getting involved in crypto knowledge is important but it doesn't stop at acquiring knowledge you must also learn to apply it. The financial market is like an actual school where you have to dedicate a specific period of time to learning. A lot of people try to skip this process and just dive into investing, this isn't advisable. Some newbies are very delusional with Bitcoin, they think it's easy to make money from it for just a few days or they probably think it's a gamble. You need to be properly educated on it and more importantly also learn about risk management. Know about what you are investing in.