Topic: Knowledge and information are the key to a successful investment in Bitcoin (Read 206 times)

Knowledge, as an obvious consequence, will always be the best start for any enterprise, including knowledge about Bitcoin. But today, regretting missed opportunities will not bring anything; the best we can do is to regularly fill in our gaps where we are inexperienced and to use in practice what we have learned. Simple theoretical knowledge without trial and error is like the usual demagogy of people who only like to talk.

What you said, all are truth because I realise that nobody is poor and nobody is rich, why I said  such is because I know very well that we have to understand bitcoin investment before you know about the investment someone may have informed you about bitcoin, so therefore I believe that need to know that it's information that elevate people from been poor, that is why I do preach for information, because if you're not informed you're totally deformed, from my perspective, so the key of everything is information, I just every one to understand this concept despite that op has already stated it above.

To be fair, I can understand why people were afraid to invest, those people do not make a ton of money, so when they see something like bitcoin, something unrelatable because we have never seen anything similar before, and were afraid, that makes sense to me.

Because I was one of them, I came here more than ten years ago, and I have nothing to show for it, in fact I have a ton of debt, and I believe that we are going to end up with a much harder situation on the long run as well, we need to focus on that and not really do anything for the this time, we just need to focus on how to make money as much as we can while keeping focus on the future, that would be a lot better and we could make some return if we focus on the future as well. If we focus on what we missed and keep talking about that, then we are going to miss the future as well. But if we can focus on the future, then we could use the previous information to make money from the future.

Without knowledge and information, nothing is possible in any field of the world. The need for knowledge and information is very important in investing in Bitcoin. But in investing, only knowledge and information is not enough, you must also have the mentality of taking risks. There are also people who have known about Bitcoin from the beginning but they did not give it importance or did not invest with risk. Again, there are people who like to take risks so much that they can take risks without knowing the good and bad.

All matters on putting up some effort on making up some research and finding out relevant information unto a certain thing on which at the time that you are deciding to make out some investment then it will be that a common approach or action to be made but some are really just that basing up on what they do hear and what they do saw on which this one isnt really that recommended. This isnt really just that in relation with Bitcoin/Crypto investment on which same goes when you do deal up with other traditional investments as well on which it is really that mainly needing up that proper analysis and approach because we are talking money to invest on here and we cant really be just that too careless on diving in without any preparedness towards it.

Success isnt guaranteed and this is why there are some people who are really that skeptical because they are minding about into the cons or negative aspect and not really seeing up on the positive ones and thats why at the moment that they've been able to make up some decisions whether they do invest or not, then they will really be having that kind of hesitance due to this kind of thinking. Make yourself that informed and everything could be searched thru net. It all matters about self awareness and information gathering into something on which you do plan to make out some action. Dont make yourself that easily believed on what you do saw around because this market does have tons of fuds and negativity on which this could really be affecting out your future decisions.

It is very simple to do, we don't have to give a listen ear to those that knows nothing about bitcoin or even cryptocurrency as a whole, we can just on our own take time to research about it, make some necessary findings and learn new things, the internet is very wide that can accommodate us for a learning ground about crypto, while this forum is the best and modest way of acquiring the right and meaningful information source about bitcoin in cryptocurrency, when we are hear, we learn we contribute and we join develop others in knowing about bitcoin and other  crypto.

You are right about this because I remember there is a saying that "if you know better, you will do better" . This is so true for every field of life including investing in Bitcoin. I still remember when I started buying Bitcoin during which every money I get, I use all to buy Bitcoin and when I have needs for money, I sell my Bitcoin for that. This made me go back and forth without any progress but when I learnt about the DCA method, I started applying it after keeping some money for my basic needs and also keeping some for emergencies and they use the remainder to buy Bitcoin. With this method, I have made remarkable progress in my Bitcoin investing.

I think in life, everything is broken down to information and knowledge. That's why there is education system and we started to learn when we're at the young age. This is sort of the foundation for every individual.

So not just in Bitcoin investment, any investment for that matter requires skills, however, I will agree with the OP about those who earlier invested or Bitcoin, we really don't know what it will be big in the future. Investment is a risk and therefore some of them might have sold early and there there could be some who hold and remain resilient. That's how early birds are, you really have to stay before you can see the results of your risk.

That is right about being knowledgeable in investments and finances. Most people that are broke probably aren't educated yet or if they have been, they haven't followed the learnings that they've heard once. And as for Bitcoin, it's not that everybody will get into this. The regret is part of the learnings and to say that when we've got some money in the past a decade ago, we should have invested. Please don't be stuck in the past, we have to move on. As for most markets, there are losers and there are winners and this is what we need to understand. We've been losers when we lack knowledge but we've became winners when we finally understood what bitcoin is and what's in it for the long term.

I will say information and knowledge do matter In investing in bitcoin, speaking with experience, I was the type that once sees bitcoin like other coin without knowing the potential of bitcoin, if I do then I would have taken the opportunity to invest then and I would have been in far better profit than now (though am grateful of howfar have come) but there's still more for me to achieve in my bitcoin investment.

So having the right knowledge can actually help in bitcoin investment, like knowing how bitcoin work . But doesn't mean you will have to go into complex knowledge first before going into bitcoin, because with just basic knowledge you are already good to go .

Some people may also need encouragement to invest even though they actually know what bitcoin is. I say this because I found one fact that many people still ignore bitcoin as the best performing investment asset because they tend to invest in gold. They know bitcoin can provide returns once they invest, but due to some reasons they don't invest in bitcoin. One of the reasons I can conclude is because they are not sure about investing in assets that do not have physical properties like bitcoin. So people like this sometimes need further understanding and they have to review what investment means.

Those who didn't invest on bitcoin earlier on during when it was introduced were not basically because they lacked bitcoin knowledge nor informations about the reality of bitcoin. They literally act so because they were ignorant to know the truth and even when the required informations were passed to them, they still resisted that it wasn't true.
On that course, you don't have to force the knowledge in them likewise you can't force them to invest on bitcoin.
Let's not pretend to be exemptional to this categories of persons because most of us here and most adoptors were once like that and no one is ought to be throw stones on because before anyone would bargain to invest on bitcoin, it requires personal intensive readiness to accept whatever comes out of it in relative to the coins volatile potentials.

If they don't have knowledge and information then they won't invest, so because there is knowledge that many people have confidence in bitcoin ... especially looking at the price history in the past and now in each cycle maybe we will understand how bitcoin is a valuable asset in the future.

If you have stable finances, rest assured investing in bitcoin you will feel how long-term benefits, this was felt by myself when starting => until now.
I also will not ignore the risks, but will see the future of how bitcoin is more reliable.

Good write-up; and read, even the Bible made us understand that people perish because they lack knowledge and understanding, which in other words, we can refer to as wisdom.

You are right in all that you have said, it's easy to really not blame oneself when he or she never have heard or learnt of bitcoin until recent times, such one can easily say it is impossible for him or her to invest in what he or she doesn't know about.

But for the person who have known about bitcoin since way back (let's say 2015) and he or she is still living in poverty till date, what will his or her excuse be? Maybe he or she would say he or she didnt have the money to invest, or maybe he or she procrastinated all through the price growth of bitcoin, missing out on all of the opportunities, this is very and more painful, and a good lesson for those coming up, finding opportunities and investing in it early enough is very important to our future and the kind of wealth we imagine to build.

There are also those people who had invested out early but still ending up on selling out their coins on which not everyone had missed out do have that conclusion that they arent the ones who do make out some profits on which there are still that those who are a little years bit late on investing but do able to managed out to hold up their coins for years and turned out to be having that huge profits. This is why it is really that very situational into this aspect on which we know that there are indeed people who cant be able to bare up with the risks involved that they are currently seeing specially that crypto or Bitcoin was still new into those early years on which everything will be basing up into someones risks taking thing and not all will really be having this kind of consideration. For those who do sell out early for profits then its not that bad because we do know that profit is profit and there's no way that you can consider out on making such act and as an investor then you do have this kind of main target or approach. Success cant be determined out ahead but it will be basing up on the actions that you had made out in the past, but since there's no way knowing on whats the future ahead then there are those people who are able to missed out that golden train and there are ones who do able to make out that huge money on which this is something that a very situational aspect for this one since we dont really know on what the future do really looks like. This is why it do really that somewhat needing a bit of luck if ever you have decided on holding up your coins totally.

Having knowledge and information about Bitcoin doesn't equate investing In bitcoin.
There are People that knew and understand the capabilities of Bitcoin including its potential but they are Nocoiners or own any coin.
While there are the set that barely know anything about Bitcoin but are millionaires Now.

I'm not deluding or downgrading the impact of knowledge
Buts what's knowledge if it's not worked upon.

There is no investment or anything in life that you will succeed at without knowledge an information this isn't rock science it's very simple logic and Bitcoin investment won't be different.
First thing as a newbie in Bitcoin to do is seek for knowledge atleast the very basic to start with even in the bull run it is easy to lose your funds in crypto-currency if you are ignorant of the Crypto-currency field.

I agree that knowledge of history/information about bitcoin and how bitcoin is the key to success with bitcoin, I experience it myself, maybe it was once said to be skeptical but some time I studied bitcoin and in the end I convinced myself to continue to save in bitcoin and made me realize that Bitcoin turned out to give a lot of goodness into my life especially in financial where I was not born from the family but with the presence of Bitcoin it made me feel more enough until this end, knowledge of how bitcoin could bring you much better it was a opportunity to change life.

No time is too late for one to learn about a new business idea or investment. What matters most, is how the individual utilizes the information and knowledge they hear of.  Did they take it seriously or neglected it? Their decision will make out the kind of results they would love to see.

Talking about Bitcoin, those who got to know about it at its early stage and utilities its investment opportunities were too lucky. Those of us who learn about it a bit late are still lucky also. It's all about utilizing the investment opportunities Bitcoin offers to one advantage, no matter the time and season one got to know about Bitcoin

the real information is available but not many people knew about it when Bitcoin was first introduced. Or maybe they knew but didn't have any interest because at that time maybe gold, real estate, and some other investment assets were quite dominant.
the time that grew Bitcoin finally gained the trust of the market. more adoption that made its price continue to increase. no need to regret why we didn't know Bitcoin and have it earlier. we have it now even though maybe some people regret having ignored Bitcoin in the past.