Topic: How long have you been into cryptocurrency and what have you learnt? - page 3. (Read 760 times)

OP you are right that has been the idea of people outside the world of cryptocurrency they believe that people who are already into it is a millionaire because they have the mentality that as Bitcoin price has gone to this extent every investors would have gotten more than one Bitcoin on there portfolio while others believe that after investing on Bitcoin they may likely be given some privileges like giveaway and easily making profits because why I said so is that somebody has approach me to know if after investing on Bitcoin he will be given some little amount as the time goes by, so actually people have been on different opinion, mindset and understanding about Bitcoin, though in terms of going into Bitcoin investment I don't think there is any much learning involves because all you need is just to hold, so the only thing majorly advisable is to at least get the basic knowledge about Bitcoin investment so that it will enable you know the kind of risk you will be exposed to and also understand what Bitcoin is all about in other not to be influenced by wrong information about Bitcoin from people or in the news.

OP, I d try reason how reading of books take relate to crypto. Wey be sae, crypto na about invest with your spare money by utilizing a DCA method, keep your seed phrase safe, don't have your crypto coins on exchange and most importantly have a side hustle than depending on crypto investment for survival because not having that "a side hustle or a job" go fit make one sell their crypto at loss price when something emergency befalls them or their family.

OP, from the statement above, em relate to reading of books? No be the simple basic knowledge wey a newbie for crypto suppose know, without reading any single book relating to crypto.

Why we are all here(btt forum) na to learn more about crypto and the knowledge it comes with, so that we no go fall victim of scams, to defend and explain better to those newbies wey lack the knowledge of crypto, help families members and friends not to invest wrongly in crypto and help in spreading the awareness of crypto to people around us so that they can see the need of having bitcoin as another store of assets or investment that can yield them a long time profits

Indeed cryptocurrency is not a get quick rich scheme and for an individual to dive into cryptocurrency s/he ought to have acquired the required knowledge of how the market works.In the crypto world,I think learning should be a continuous process for the newbies,the crypto space is wide and broad so as newbie learning should be continuous in other to gain mastery of cyptro words and abbreviations in the crypto space.No be by how long you don dey into crypto na how far knowledge you don acquire,e get some veterans wey don dey invest for years but dem know how the market dey work until dem join forum like Bitcointalk wey go enhance your knowledge.

I agree with you that bitcoin isn't a get quick rich source. A lot of newbies have got that mindset that it's such a quick way to make profit and when they finally invests and it didn't give them the quick expectations, they begin to think otherwise if the market is still trustful or not.
Op investing on bitcoin doesn't seem so hard studying as you said, the primary learning required to invest in bitcoin is the ability of your emotions not to panic when your assets decreases in value in the market and how you don't have to be tempted to sell your assets with little profit accounted, including your holdings securities so that you don't lost your funds.
These are key minors which any bitcoin enthusiast can easily adapt to untill we refer to the technical knowledges of it.
It's a flexible source of investment which both lazy people and unlazy are fitted in because it doesn't require manpower as the stock market may do.

Op normally crypto is not a get rich quick scheme, sometimes I used to wonder why most people's normally have that mindset that crypto is a get rich quick, is not something to jump into without having the knowledge this what most newbie normally do when they hear about cryptocurrency their head will fool that they are going be Rich in a few days without noing The risk that are involved, that is why most of them normally end up losing at last why because they didn't want to learn just me like being in the Bitcointalk forum was the best thing that have ever happened to me, because I have really learnt a lot of things about cryptocurrency.

Op, I don't know where you learnt that one will read book tire in cryptocurrency perhaps it's not about reading books rather it's about understanding what you are reading so that you will know how to apply it at a given point in time and also how to follow crypto. However, hesitating to invest and make profit can land one to where they won't like that is a regrettable place though sometimes we can still make something out of hesitation but it's not good. Fear is good and at same time very bad cause it can make us not to dive into wrong project and sometimes it can also make us not to invest in a nice project perhaps we should follow our instinct most times cause it has really favored me though I don't know about others instinct.

I entered the crypto space last year and since then I have learnt so many things about cryptocurrency and when i joined this forum, it has really broadened my views to increase my knowledge about the many technicalities in the space. Aside from the technical aspects of Bitcoin, like checksum and the likes, I have also learnt a lot of Bitcoin phrases in this forum, like FUD FOMO IMO DYOR not your keys not your coins, store your coins in a none custodial wallet, invest the amount that you can afford to loose, there are so much more that I am benefiting here in the forum.

The crypto market is not where someone can just jump into without without having some basic knowledge about how important it is to protect your seed phrase and private keys, knowing about cryptocurrency seasons and guiding against various scams in the crypto market. It is not so hard to navigate in the crypto space if someone will take the time to learn and understand how cryptocurrency works.

I wouldn't say am a crypto investor but rather a crypto investor and enthusiate, of whose benefit so far has been the knowledge and insight and Skill to earn, accompanied with the financial discipline to endure and navigate most financial difficulties currently ongoing in the country and in our personal lives.
If you do check the profile from which am writing this comment however, you would see that I have been here long enough but not longer than many a persons who have grown in rank and portfolio over the time of my joining this forum, until date.

At first I won't say much because I can't literally learn all o have learnt, because is much . But one thing I've learned for sure and I am benefiting real good from is hodl . Because when I was new I this space , I didn't have much idea on how things work I'm always in a hurry to earn big , that I went into trading with some half-size knowledge and endup losing countless times.

But now I'm just  accumulating and holding, and to hold don't really require any technical knowledge, one just need to be patient while the y accumulate. Expecially in this bull run season holding just the best . Let me use this medium to say this anything you learn try as much as possible to put it to act .

Me I no go lie you, most newbies wey Dey join crypto now na the mindset wey dem Dey get be that, most of them just Dey see people Dey post am for social media say dem Dey make money, dem go wan jump into am to, but Dey no sabi say crypto no be place wey you fit easy make money, Dey believe say if dem just put money, before you know money go don double already, but no be so e be. if you wan make money for crypto, you suppose ready to learn, and put everything wey you don learn into practice.

If you even start to Dey learn how dem Dey trade, make you know say you go lose money, na why if you Dey learn how to trade for the first time, make e be say na just small money you go put, no go learn how to trade with big money, because e possible make you lose everything. As I Dey learn how to trade, na only God know how many times I lose all d money wey I Dey deposit that time.

You go read book, and as you Dey read book you go need Dey put everything in practice, no reason say you don read book so you don sabi am already, theory Dey different from practical, if you never put am into practice, I never believe say you don sabi am.

we had almost the same experience because the first time I heard about Bitcoin I was not even that interested in what was going on because i had a feeling that it was a scam because have heard stories of how people got scammed through the internet so I was already concluding that it was nothing more than a scam. little did we know that it would be one of the best experiences, and would have made a lot of money by now because we all know the value of Bitcoin.  and it was not even that popular on the internet but I heard about Bitcoin when i was in the university. and then the price of bitcoin was still down and now the value has increased and gradually become out of the reach of people because how many people have money to be able to buy one bitcoin, even if buying in fractions is good but continuously that is how bitcoin price will keep going up. even if it comes down it will still go up. when I heard about Bitcoin I didn't know much about altcoins the only altcoins I knew were ETH and BNB, and it was because of their chain. ever since I adopted the use of Bitcoin have never regretted and i even made a few awareness even on my radio routines just to give people more belief about Bitcoin because people  were having serious misconceptions about Bitcoin because even during the section a lot of people asked questions and they were able to know that bitcoin is the best thing that can happen to them. but is their choice to adopt or not.

I haven't been in the cryptocurrency world for very long, so when I heard about it, I didn't used to be concerned about it because I didn't know anything about it. I always wanted to know, but I didn't know how or where to begin. Fortunately, I was online when I came across a website that led me to this BTT forum, where I began reading, though I had trouble understanding the forum then.
Eighty percent of my knowledge about cryptocurrency came from this BTT forum. When I hear the term "cryptocurrencies," I always assume it refers to bitcoin only because I had no idea there were other types of coins(altcoins).
Before, I had the mindset of entering into crypto and doubling my money because if we were talking with my guys who always claim that they know about crypto, they would say that if they had a lot of money, they will invest in crypto so that they can have multiple returns.  But as time passed, I discovered that investing in cryptocurrencies is not as risk-free as many say because there are some coins that are worthless, but with what I have learnt here, bitcoin is the best we should invest in because it has less risk if you have the knowledge and invest wisely.

I simply brief it, if not I learned a lot about crypto, and the thing that amazes me is that I'm not in it darkness again.

Actually I have heard about cryptocurrency for some couple of years now, at first it was very strange to me More especially when I see people talking about it in the social media platform, as at then I was yet to understand about cryptocurrency, until a friend of my enlighten me about cryptocurrency. Actually it was through my friend that I gat to know about crypto investment and also how it works, and as well the strategies to take when making investment. Moreover with the help of my friend I also come to observe that bitcoin Investment is quite different from other crypto investment, like altcoins Investment and as well with that of meme Investment. Because bitcoin investment is not a get rich quick scheme it requires a lot of time and patient before you can get profited from bitcoin investment, why altcoins and meme Investment can be seen as a get rich quick scheme. he also thought me about using non custodial wallet in storing most of my assets more especially bitcoin, I also learnt about making Investment instead of trading because trading has a high level of risk and it requires enough knowledge. This are the little information I have gathered so far about cryptocurrency I'm still hoping to learn more from this forum.

You nor need to read book tire for this crypto space, one good book can change everything, with knowledge about not your key not your coin and other knowledge about wallet, privacy  and security, you are good to go.
Actually I don`t really read books just mainly threads in bitcointalk and articles online with all these i have been good to go though my most important knowledge is gotten here in BTT and through it, I can identify trusted source on crypto info online.

One thing I have learnt is that bitcoin is the best crypto for investment base on  while there are still some good altcoins for investment it is better to invest in bitcoin to avoid risks while one should never put their hope in meme coins in order to become rich though there are others who have made it through it but the risk is too high and many as lost alot from it. Though if you can get one it`s good but do not depend on it, while it`s  much more better to HODL than to trade.

for some of us that came into cryptocurrency because we just wanted to survive by any known means that was paying at the time, I learnt somany lesson from being desperate and trying somany things out which has gone a long way to build how I follow up on crypto project and overtime, I have shifted from just jumping after multiples of airdrops and project that are all hyped up to fucosing more on investing into a selected coin.

One thing I have learned is that as long as you're broke and desperate to make money by all means, you are most likely going to be the valnourable one that will end up being scammed or getting into the wrong project. To do well in crypto, you have to be as calm as possible or else you loose all your funds. Even when I did a bit of trading, I observe that whenever I'm pressured to initiate a trade for the sole purpose of getting a certain amount by all costs it doesn't always end well. I would advice that for a beginner that's not yet financial strong, maybe you should consider building your financial life outside of the crypto space first before eventually getting into crypto. It will help you focuse more on project that are really worth investing into and not put you at a spot of trying everything that's trending out and cause you to potentially loose most of your funds in the process. Of course you know you can't take away learning the basics of crypto before even putting your funds into it.

What I have learnt in the crypto world are numerous, something like having the proper mindset to navigate your way around any challenges that comes your way, we all know that we came into this crypto industry to make money legally, but their are some people that came into the crypto industry with the intention of scamming people just to make a living, and the way this crypto space is, it has thought me how to be security conscious, because if you aren't taking your security very serious, you will definitely learn at some point when you have fell into the hands of one of these scammers, so it has thought me how to be security conscious.

Secondly, I have learnt that in this crypto industry, you will only get what you deserve, wether you are a newbie or a veteran, you will only be profitable or having losses upon losses due to your knowledge or lack of knowledge, so you will only get what you deserve, so in other to survive in this industry, you have to equip yourself with knowledge and discipline so as to navigate your way easily and safe in the industry, without that, you will definitely struggle, so we will only get what we deserve, that's few of the things I have learnt in the crypto industry.

And as for how long I have been in the system, it's 3 years now, but I came into this forum last year, with a little bit of knowledge on how the system works.

Happy weekend everyone. So this question da important because most people da enter crypto now with the wrong mindset like say na get rich which scheme. So maybe this one go help one or two new people. For me I don da crypto for 2 years now..and first thing I learn be say you go read book tire. E be like school. No be for lazy people ahaha. Secondly no need to rush and remove fear for your mind..  make we hear una stories..