Topic: Getting a good education on crypto currency needed before investing in it - page 2. (Read 610 times)

Information is power but it doesn't end there, many people are not wealthy currently because they lack information some average class people have missed the opportunity of becoming more wealthy cause they lack the right informations, that's I stated that it doesn't even end with having information but the right one, their are people who know about Bitcoin but don't know the right way to go about it, they have enough money to invest on it for the future and make good profit yet they lose cause they deviate from the concepts of Bitcoin investment. However when they get the rightful informations and follow it accordingly by investing for long-term and constantly buying it as time goes then they're bound to excel by making lots of profits from it, it's lack of good informations that make people still believe investing on Bitcoin is only for the wealthy, it's also lacking of good information that makes them feel they could involve Bitcoin with trading and make more profit. However the rightful information would make them correct their wrongs and follow the due process of investing in Bitcoin.

I see you really have time, after he neglected learning bitcoin he called you and you went to him in his house to teach him. isn't that childish? Instead your friend should have come because he needs it more than you. Learning bitcoin is not by force, for me I don't have time forcing myself to teach people about bitcoin except for a serious minded person because majority of people thinks bitcoin or any other online investment is all scam. And I will advise you to learn more about bitcoin or cryptocurrency before educating someone because any slighted mistake will bounce back at you. Because the person you are teaching may have make a mistake by sending bitcoin to a wrong address as a result of not listening attentively And it will look like what they thought about online business is a scam. Or most people will not know the risk associated with trading or holding bitcoin, so when their asset in bitcoin depreciate as a result of volatility they think you have scammed them. You should be careful what you teach in other not to get into trouble.

When they talk about getting educated about crypto, it means the person needs to acquire all the necessary knowledge about cryptocurrency in general and specialise in which one he or she wants to invest in, knowing what a coin is and what should not be regarded as one, the risk involved if the person doesn't take the right step, and also knowing that it doesn't always end in profit; sometimes you lose your capital, and you hold to recover them. There is no difference in education for them; all you can do is generalise the learning and get all that you need to know about crypto.

Sometimes the reason we dey even gt to hear such cases where people dey blindly rush put money for something wey dem never understand sef, sometimes na say some other people dey corner wey dem dey watch online wey go don preach tire about how e dey very easy to make money off this crypto space when the truth is that it's never as easy as it seems and most of the time the part wey em dey jump into na trading of coins.

Bitcoin has gotten one of the best publicity over the years now so am surprised why some people are still confused about the investment and there won't be need to keep explaining to some people about bitcoin because they won't tell me that they don't know the how bitcoin works even the dumbest person should have figured out what bitcoin is all about and how it works, and they should know that you have to wait for some time before you are able to make money out of the investment.

In this present generation why would anyone be looking at bitcoin to be a scam or ponzi and I know that there are scams in crypto but thay will be at the cause of the investor not see bitcoin entirely as a scam or ponzi it is a very bad mentality so it is better to just make proper research before investing before concluding, because that is what all this people do.

Most of them are not exposed and just have the believe that it’s a scam after hearing some public view who are against bitcoin saying negative things about it. No Nigerian that have learnt and have sufficient knowledge about bitcoin will call it a scam even though they face some downtown in the process of investing in them or trading them. The believe and trust in the technology supersede having all those negative notions about it, they know it’ll come and go and bitcoin will still give them that positive outcome they’ve always wished for from in the long run.


That’s our own part to play as crypto enthusiasts, we shouldn’t see people condemning this technology knowing fully well that it has a lot of advantage and potential to help the young youths of this generation when they venture into it having the proper knowledge required to own some of them. The bitcoin community is wide with a lot of potentials in them that youths can leverage on, but only with the right knowledge and education will they see that happening.

Just like going to school and dedicating a specific amount of years to study a course having a goal to get something out of it in after obtaining your degree that's the same mentality you apply to learning crypto...you must take your time to learn and understand the Market before thinking of investing in it... crypto is filled with so many life changing opportunities but can be very frustrating when you don't understand it fully.. A lot of newbies are so quick to jumping into the market without even trading on a demo account first, one thing that's required of you before becoming a profitable trader is patience.

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 

your topic is just reminding me about one of my friend i introduce about crypto currency, it took me weeks to convince him on how her Bitcoin cryptocurrency works and the benefit he will got when investing on crypto currency and he reply to me that all this online stuff is full of scams.
But today he is the calling on phone that i should come nd teach him more crypto currency that he is interested now.
So i travel down to him just to teach him all about crypto currency, i must say i love this information u just dropped because i have witness it before.

Plenty people don hear about bitcoin, but amongst these people, dem no plenty wey really understand am, some think say na wetin dem fit just use make quick money, that is them think say na get rich quick scheme, others think say na scam or ponzi. That being said, if you dey interested in bitcoin, or any other thing for that matter, it only makes sense say you try understand am before you get in, you no go blindly carry your money put for somewhere, when you don't actually understand what you are doing.

Generally knowledge is profitable in life and in all ramifications, anyone that is not informed is apparently deformed, knowledge is power, it is curiosity that lead people venturing in to the unknown to know hence it is always advisable not to get involved into what we don't have any knowledge about and most importantly the basic that will give enough guide and preparation of what is ahead, with a good knowledge we don't make assumptions but  making researches, when it come to the crypto space undoubtedly having a good knowledge will help in making an informed investment decisions.

How’s is it even possible going into something you literally have no knowledge about and expect not to end up doing it wrong? As far as I’m concern, in the crypto space you need the knowledge to be able to successfully trade and make profit. Otherwise you’ll end up losing your money. And then such person will end up assuming cryptocurrency is a scam or isn’t real.

Why on earth will anyone invest into sometimes that they don't understand yet. Buying with fomo is a wrong way to invest. You must not understand everything but get a little idea of what you're investing into.

We need to do this so when challenges comes like the market correcting, you're already aware of things like this and you won't be among those scared and acting like the market is going to collapse.

People with no proper lecture on crypto shouldn't be investing but still we're going to have some people blindly investing especially as we get to the bull season that an inflow of newbies is going to be at its peak. G

Getting a good understanding of anything you want to invest into is always vital and needed by every investors, don't rush before we make mistakes that'll cause us profits or loss of our investment.

You are right, the reason why some people find it difficult to understand Bitcoin is because they always think that Bitcoin is something that if you join today tomorrow or next week you will become rich, although there are some people wey no still believe Bitcoin but I see those people as an illiterate people because if someone is well educated and he or she will not come out and say that Bitcoin is a scam or something that is not good to do, Bitcoin is very good and it help many people who understand it.

Anybody wey think say to invest in Bitcoin mean say person go become rich quickly na lie and that person need to calm down because over dey no good, Many newbie find it difficult to understand because the way Bitcoin is introduce to some of them always think that Bitcoin na something wey dey easy, it will be better if anybody that is interested in Bitcoin to do more research about Bitcoin so that the person won't complain.

Investing on Bitcoin does not necessarily need those professional or extravagant knowledges before beginners or anyone can invest on it.

It is not like the cryptocurrencies which potential values background can be complicating to determine the through essence of how its market volume is achieved unlike Bitcoin obviously known to behold upon demands and supplies.

Also, investing on Bitcoin may basically require adoptors to understand that your potential approach to make profits may not happen so sudden but it long time while holding our assets. That is also less technically knowledge required when we talk about trading.

On simple response, being aware that you would not get reach overnight while invested on Bitcoin is okay and setup an accounting strategy so also, don't rely your source of income only on your Bitcoin investment.

This is what comes to everyone’s mind when bitcoin was first invented and people are being told to join in the space. In those days, when anything involves the internet and money inclusive in it, most people already term it scam because of the many incidents that have happened in the past as a result of scams getting away with by scammers through the use of the internet.

Fast forward to today, we now have more people who are computer intellect and have been able to leverage the opportunities in the internet space as technology keeps advancing which hasn’t left bitcoin technology behind in the quest. People now believe and have more trust in making money through the internet than they usually do without it, it has pave more way for more sustainability in their daily life course.

Those that are not still believing in the technology are just naive and not just ready to learn and flow with the current state of art in the technological realm in financial space. Anyone still denying and having doubts in crypto is not just it and are still way behind decades that we are in now.

The crypto market na general market where people wey get love, passion and the burning desire to get involved no matter any circumstances benefits from it after a long run, I came to understand that plenty people especially Nigerians join the crypto world through participating in airdrop, from there the journey starts. Not that some people are lagging behind, it's just that the opportunity and their exact time to plug in never come, everyone will get in when the time comes for them.

Also for knowledge and education, to me crypto na self educated system, if you are not the type that can sit and read for long hours, then don't bother about it -correct me if I'm wrong. You must discipline yourself, sit, learn, read, practice by actions and you acquire what you want. By doing so you'll eventually believe in yourself while others believe in you also.

Yeah, education is not left out when it comes to Cryptocurrency, and I've got to understand that their are people who recently picked Interest in Bitcoin maybe due to a friends success or success stories on from the media but don't really  have a good understanding about what Cryptocurrency investment is all about (especialy Bitco) and that's why you'll see them trading to accumulate more Bitcoin and claim they're Bitcoin investor, I've also come across people who still refer tp Bitcoin as Cryptocurrency in general not knowing that their are thousands of Cryptocurrencies apart from Bitcoin out their that falls under the category of Altcoins, Memecoins, some would even buy and hold Memecoins for long-term instead of Channeling that energy to Bitcoin. Therefore I think proper education and understanding about Bitcoin and Cryptocurrency at large is very important be an investor decides to take a bold step to invest on Bitcoin or any Cryptocurrency of their choice, that's why it's very important for some Newbies who doesn't have a good understanding about Bitcoin but  are opportuned to be in this from to use the opportunity they've got and search for threads that talk about Bitcoin investment and learn from experienced members so as not to make too much mistakes on their investment journey.

Crypto currency is filled with endless possibilities and opportunities, a lot of people are taking advantage of it while many are still lagging behind.crypro isn't something you can just jump into, you must put in effort to acquire the knowledge you need to become skillful in it. The problem with a lot of newbies is that they try to make it look like a ponzy scheme. It takes a lot of time to understand how the market moves and when to take advantage of those movements, if you study this carefully crypto won't seem like gambling to you.

That's true, and that should be a more reason why these people needs to understand that there is a huge big difference between Bitcoin and Altcoins, because of they may have invested Meme coins and lost it due to the high volatility of it. Next time they need to know that Bitcoin isn't as volatile as shitcoins. Hence, it is a coin to for long term investment.
However, most times I always tend to blame people who introduced newbies to Bitcoin investment, without the necessary basic knowledge to equip them on what to do when they encounter moments of fall in price of Bitcoin, as many might panic and  their coins at lower prices, forgetting the fact that it is a decentralized digital currency whose price always fluctuate due to market  demand and supply.