Topic: Knowledge and information are the key to a successful investment in Bitcoin (Read 585 times)

In my opinion, the key to successful Bitcoin investment is to have confidence in Bitcoin and capital. First, you have to be sure that Bitcoin is a promising investment and will provide big profits in the future. secondly, you have to have capital, meaning that in investing in bitcoin you have to use unused money. If you have both you will be successful in investing in Bitcoin.

Knowledge is indeed power and this isnt really just that only applicable on a single thing but also in all in everything on which at the moment that you do engage on something then you do really know on what you should gonna do. This is why its really that important that you are wary into the things or options that you are indeed taking. You cant just that know everything on something that you are trying out to deal with and this is why experience would really be setting in at the time or moment that you do engage with that. Adaptability will really be the key if you are that planning or wanting to deal up with something then make it sure that you do know everything about it. Trading or investing on Bitcoin will really be that not easy because risks management is really that crucial. Somehow not all will really be that not good enough in terms of mindset or thinking on how they will be handling it out. If you are that good when it comes to adaptability or adjustment then time comes you are doing such thing.

Having knowledge and information about Bitcoin will help us to know what we need to do. But we are late to know about Bitcoin so many of us invested in Bitcoin when the price is start rise. But that will not too late because we can get Bitcoin in a low price so we still lucky enough than others. It is not just for Bitcoin but also for other things so we can know if we can take part on that or we can skip that.

But most people will not open their eyes about a new thing and tend to underestimate about that thing. It is also happened to Bitcoin where some people already knew about Bitcoin but they decide to leave it. Until they know the price increase higher, they are regret for not invested in Bitcoin.

If we can open our eyes and accept Bitcoin while we can learn more about Bitcoin, maybe we will have many Bitcoins. That will give a big chance to us to make a big profit now.

Having knowledge is certainly the main thing in investing and after having knowledge, we must also continue to learn about the investment that we are running so that if something happens that we do not understand, we will not panic and can handle it well and having friends who already understand the investment is certainly a very good thing in running so that if something happens that we have not had time to learn, we can ask and also share knowledge what we know about the investment.

We do not need to regret things that have indeed passed and we must be able to focus on the present to be able to collect consistently to be able to generate profits from the investment and I am sure that if we can do it well, of course we can also achieve what other people have achieved from the investment.

To tell you more about how I take knowledge and value it, to the point that most of those that are coming to me to seek advice that they have funds that want to invest in Bitcoin, what I mostly tell them is to first of all build adequate knowledge about Bitcoin before buying the first Bitcoin assets, and for sure having the capital to invest in is not enough to make buying decisions in a volatile asset market like Bitcoin, so to have a peaceful and fear-free ling term investments journey, one need to build knowledge and some level of skills that will guide your way through the whole time frame that you are in the investment to maximize the potential profits that come from long term holding of the Bitcoin assets.

Rightly said, knowledge indeed is power and key to succeeding in any aspect of life's endeavors. This also applies to any business venture anyone wants to go into. It is important you gather lot's of information before venturing into it. It is also good that we are inquisitive always. Enquiring new updates from friends, family, colleagues and even reading and checking online always would help to keep us updated on what's new. Imagine I had knowledge of Bitcoin investment 7 years ago and investment about 300k, I would have been thinking of having returns in millions of naira by now but I literally had no idea of what Bitcoin was or even if there was anything thing of such. But it's never too late to start now.

You sound so much like someone coming from the angle of trading which I don't really consider as investing in bitcoin. I believe that does not also agree with the point the OP is making instead he was referring to buying and holding bitcoin for a long period of time, that is if I did not read the post the wrong way. If it is trading, you are absolutely correct because it takes more than knowledge alone to succeed because the trading psychology play a huge rule. On the contrary, investing seems a little bit easy because it does not require sophisticated knowledge to hold bitcoin. The major concern should be about investing the amount that can allow someone hold without being under pressure to sell.

The importance of your knowledge in Bitcoin cannot be overemphasized, you must be properly educated on this before making an investment in it...a lot of people think that you can just get into the market and become financially stable within a short time..it doesn't really work that way.. understanding this would take a few months but it's worth learning...To become successful in crypto generally you must seek knowledge first, this is what makes you more skillful In the financial market... knowledge is power, take good advantage of it.

It is a matter of choice, and we all know that not all see Bitcoin as a profitable investment, some think it is just a scam thing. Yes, they are not lazy, and they take the option that is right. Taking risks and avoiding risks is different, some people just want to have a less pressured investment. 

So, instead of forcing other people to invest, we'd rather give them time to think. They will just show interest once they fully understand how it works. It is all about trust and knowledge that gives us a successful journey. 

Experience is definitely important there is absolutely no denying that, but also we need to remember knowledge without experience is nothing too, so you need to study and be better to get a better result as well.

So there is absolutely no way of knowing what we are going to do, it's just the way things are and you could read up or watch videos and just get the information first, after you get the information, you could have different approach to it, you could do a lot better. Obviously this isn't really that much of a complicated issue, you could make it work one way or another, because even experience alone could help you to a point, but it is not really that easy, so I would say it would be better if you read up first.

It's a sum of knowledge, experience, faith, and a bit of boldness, to go into something that wasn't analyzed by everybody to smitherens.
Now, much is known about BTC - and nobody is questioning what it stands for and its potential (besides the critics).

Real knowledge would come from real experiences on which you will definitely be able to adjust accordingly at the time or moment that you will really be able to experience the same stuff all over again and again on which on the time or moment that you do have such learning then you do really know at least on what are the next steps or actions that you do make on the time or moment that you have experienced it again. Aside from experience then you should really be that knowing about on how to control your emotions on which i would say that this will really be that a huge problem too if ever you cant be able to make out such control or moderation. When we are just that starting up then anyone could be able to achieve or experience up situation on where you will be panicking because you dont know on what you should gonna do but on the moment that you do have the idea then you can make out adjustments.

When you are trying out to deal up with trading then you do really need up to put up time and effort for you to be able to have that good grasps into it because if you wont be mindful about this one then there's no progress into the things that you've been doing specially on trading. This will really be needing up that serious approach and having that wise decisions. We cant be perfect anytime when it comes to decision making but at least we are really that getting into the right path in to the career that we are that making into.

Yes I agree with you on this, having the knowledge isn't the only thing that's important you must also apply what you know. For you to actually achieve anything an action or step must be taken. There were people who studied about Bitcoin and they knew the potentials of it but should I say that they were skeptical or too scared to take risks. Acquiring knowledge is important but when it's not used in the right direction to give you what you want then it's useless. In the crypto space every information we gather is for the purpose of investing otherwise we are wasting our precious Time.

Not being able to take such risks doesn't really make them lazy, they probably had other things fetching them money. One thing we must come to terms with is that not everyone would take advantage of the crypto space, not everyone has the heart to make such investments but this doesn't make them lazy automatically. Bitcoin is indeed the future and those who have been patient with it will get rich but there are people that will always be skeptical about it , this is why it's not advisable to try to convince anyone to invest in it, it has to be a thing of choice.

We are all start from nothing and no one becomes professional into the things that you are trying out to deal on with on which it's normal that we will be that once a newbie and being new which basically needs up to learn up things for you to atleast sustain yourself and survive. This doesn't really only limit out in investment on Bitcoin but also in other investments or businesses or simply with things that involves money. You would be needing up to accept the risks involved so that you will be that wary at least on the probabilities when it comes to various things. We do of course need up that knowledge and skills because you won't be able to survive if you won't be learning something from it.

When you do really mean out on dealing up with something then it's default that you must learn and do need to know on everything that you do need to know. It's basic stuff but people do really continuously commit the same mistakes all over again and again. We do only realize on the moment that we are losing too much money on which this is only the time we do care and search up things.

Well even if we do have some knowledge we can still lose alot of our profits when we invest in Bitcoin. It is a very versatile thing we invest in. There can be big gains or big losses on any day and it can be for any type of reason.

And sometimes we will think there is 'bullish' news to make the price of it go up. But then we will see a loss of profit and there is no reason for that. Just hodl your coins and do not think you can make fast profit from trading them.

Knowledge is essential but using or applying is what matters the most, there are people who are knowledgeable about the crypto market but they don't really make money from what they know. Theoretically they are sound but practically they are not making much progress, not because they can't but for some reasons they are not going far with what they know. There are people who know a lot and have courses they sell out to people. Beginners who buy their courses ends up becoming better traders than them. So it's important not to just go for knowledge and settle with it, practicality is what would take you to the next level.

Gut investing or trading is the ticket in one direction - loss of a deposit.
I truly agree with you - first comes theory, it transforms into practice, and by the errors in here, a person can gain expertise.

It's incredibly difficult to get ready of all of that, there are many people who do not realize fully that you are not going to be fully rich with bitcoin over night, and you are going to face a ton of bad bear periods as well. If you could do that and learn that and do better than I am sure you are going to make a profit from it on the long term as well.

We cannot really consider this to be end all be all situation, of course we are going to end up with other stuff with time but that doesn't mean that it would be quick, and we need to make sure that bitcoin is something that makes you profit long term. The amount of knowledge and studying that is required to start being a good trader in bitcoin isn't something that takes a week, it takes months, so you need to be ready for it and be willing to do that.

You are very right. Knowledge and information are the basic constraints to Bitcoin investment but what guarantee a successful investment in Bitcoin is the application of the knowledge and information. However, inasmuch as we seeing knowledge and information as key factors to successful investment in Bitcoin I think risk, decision making and patience can also be consider as the major factor that enhance investment in Bitcoin because many people have the actual knowledge and information even with enough capital to invest in Bitcoin but they were afraid to take risk and make good decision to invest in Bitcoin with the patience to hold it for long time.