Topic: Knowledge and information are the key to a successful investment in Bitcoin - page 3. (Read 585 times)

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.

Knowledge is always good for doing any Activity in the world,  it is also Valuable in investment , but we have an advantage, it is known that bitcoin is the safe stock , there is not much to think about but to put our investment there and wait, why start looking for other things, other investments? No, the ideal is to look for money and invest in that investment, there is no need to give it too many turns.

Those who want to delve deeper into what is well known , I Respect it, but now, here is the best investment, it is already giving better results for this 2025 that is just a few days away, things are coming that can make the price go up, why not Enter?

In my opinions, knowledge, information and action works hands in hand to help someone archive a particular goal. If one is knowledgeable enough, they will source for appropriate information and with the right information, the person will know the right actions to take that can help them archive success or greatness.  If you don't have a good knowledge as a human, you can see  a helpful information and neglect it but being knowable will help you seek right information and take action where necessary. Speaking of Bitcoin, the old investors (people) that had the knowledge of how decentralized transaction can be helpful in the future and also got the information of Bitcoin and strike to action by investing into Bitcoin, those people became millionaire when the price of Bitcoin started to surge.

It was like that for many millennia. Before the Internet. Now, almost any information is in the public domain.

And also, in the unwillingness to get off the couch and start taking action.

Oh, this belief in the magic of bitcoin, having bought which in the past, now you would be swimming in gold. It is not a fact that having bought bitcoin 10-15 years ago, you would now be a wealthy rich man. Everything could have turned out so that you would have sold bitcoin without waiting for the current level. It is easy to be a prophet, looking back.

Instead of being sad about the past, focus on the future. On current opportunities that will allow you to succeed in the future. For example, master a profession that is in demand - this is much better than any financial asset, because it is invulnerable to any economic crises, natural disasters and price fluctuations. With a craft, you can go around the world and not get lost.

That's their problem. I'm more concerned about mine: where to find money to invest in bitcoin. Maybe I should cooperate with "many people" and help each other?

Reliability and economic potential are not the same thing.

 
"Knowledge and information are the key to a successful investment in Bitcoin" - really? And I thought, just buy and hold. Any schoolchild can repeat this. And there was plenty of information that bitcoin brings profit in 2010.

With a few narratives from persons that got to engage in a chat with me about when they first knew about bitcoin in it's uprising stage around 2012-2015. Their excuse was that they never as at that time had the funds sufficient to spare for an investment asset like bitcoin aside the risk about bitcoin potential the lack of funds couldn't bolster them to take a chance.

making profit from bitcoin investment isn't a titanic struggle or a stupendous challenge that demands having much technical and fundamental knowledge of bitcoin. If an investor is willing and can exercise patience and ignore the noise that comes with market and focus on a long term plan, measurably for a circle there's no how you won't make profit. Each successive bitcoin circles have proven this, it's always with a new ATH.
Simply put; take the risk + ignore the noise + get patient = ROI.

Those who invested in Bitcoin in the past have basically created a wealth of money today. But those who were originally afraid of it are lazy and lack the ability to take risks. So it is not possible to invest by such people, those who are willing to take risks can still invest in Bitcoin at the present time. You notice that the price of Bitcoin touched $15k at the end of 2022, then those who invested in Bitcoin saw the price of Bitcoin increase several times in just two years. However, if you learn to invest in Bitcoin from the present time, then keeping it for a long time in the future will ensure your success.
 For this, you only need the ability to take risks, which is not present in every person, those who do not have the ability to take risks will be afraid to invest in Bitcoin in the future. I think investment is only for the brave, because there is still enough time to invest in Bitcoin because Bitcoin will definitely increase in the future in 2025 because we are in the middle of a bull market.

Knowledge and information are the most sophisticated tools and most valuable asset and resources to humanity.
The reason why most of us are struggling financially today is because of inadequate knowledge and information. If we initially have adequate knowledge and information about bitcoin on time we would have been smiling by now because of the level of our financial capacity through the profitability and the rate of return of our investment in bitcoin.
I just imagine what would have be our asset and bitcoin capital now if we have invested in bitcoin since 2010 when the price was apparently very low but it was so unfortunate that most of us were not privy to the knowledge and information about bitcoin.
Many people have the financial capacity to invest heavily on bitcoin but the problem is that they lack actual knowledge of the system and the adequate information of the economic potential of bitcoin in the near future. Out of ignorance, many people that earlier heard about bitcoin misunderstood it to be a Ponzi scheme but today bitcoin is literal the most economic reliable asset in the world because of its economic potential and feasibility.
Please kindly see the link for the price history of bitcoin below for more information.

  
https://www.investopedia.com/articles/forex/121815/bitcoins-price-history.asp