Knowledge is still power in cryptocurrency

Antotena

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Quote from: AYOBA on January 03, 2025, 02:11:47 PM

That’s just the about knowledge is the best key to a success, but not all the people understand the meaning and that’s why most of the people will go and start they didn’t have any idea about which will definitely end of lose at end of day. Because they refused to seek for the background of what they are trying to do, and that’s what cryptocurrencies is all about.

You see those those that are seeing the cryptocurrency as a way of becoming a rich quickly, their those that that are sitting at home and people that are into the cryptocurrency aspects always give them something to hold body, that’s why they take it as easy way of getting rich quickly.

Knowledge is not enough to make you a successful person, If indeed knowledge is enough many of graduates that are running around the street unemployed and a very knowledgeable, even graduated with 2.1 and 1.1 should be having a top executive jobs with over paid salaries but life isn't that way, this shows you that knowledge isn't enough, even in cryptocurrency. There are people that are having knowledge of crypto and sadly they have the wrong ones.

Someone might be in crypto space today and claim they have the knowledge to understand everything, they will but they can't even difference between custodial wallet and non-custodial wallet. In fact many of them will choose custodial wallet as been the best over the non custodial, they will tell you that Binance is better than personal wallet but this is wrong yet the exchanges feels like they are actually the best place for deposit of coins which is wrong.

AYOBA

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Quote from: I_Anime on October 15, 2024, 05:45:43 PM

Alot of newbies won't understand or get this, especially those that was on boarded by Notcoin into this space, alot of you have been hearing that cryptocurrency is not a get rich quick scheme, is something that requires one to go after knowledge too. Because in this space without a proper knowledge you can't succeed in it .

That’s just the about knowledge is the best key to a success, but not all the people understand the meaning and that’s why most of the people will go and start they didn’t have any idea about which will definitely end of lose at end of day. Because they refused to seek for the background of what they are trying to do, and that’s what cryptocurrencies is all about.

You see those those that are seeing the cryptocurrency as a way of becoming a rich quickly, their those that that are sitting at home and people that are into the cryptocurrency aspects always give them something to hold body, that’s why they take it as easy way of getting rich quickly.

Futurexxx

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Quote from: Makus on January 02, 2025, 10:14:26 AM

Quote from: I_Anime on October 15, 2024, 05:45:43 PM

Alot of newbies won't understand or get this, especially those that was on boarded by Notcoin into this space, alot of you have been hearing that cryptocurrency is not a get rich quick scheme, is something that requires one to go after knowledge too. Because in this space without a proper knowledge you can't succeed in it .

Don't think that this space is all about Airdrops and tap to earn , is more than that , but you won't be able make good use of the opportunity in it if you lacks knowledge on how it works. That's why you have to make good use of your time here to keep learning because they are alot of knowledgeable users here , and beside google is always there to assist you , so leave that comfort and start Doing your own research it would help to make things move smoother.

Generally, knowledge is power, there is no way you can be successful in anything without having a basic knowledge first of what you're doing. Take for instance, trying to translate or speak another language entirely different from the language you understand for the first time. There is no way what you're saying would make sense to you or the person listing, so is bitcoin investment. Sometimes most person inherited a bitcoin address probably from their parents or given as a gift and without knowledge of what bitcoin is, you're likely to take it for granted rather than foreseeing the opportunity of investment that lies within it.

You are really on point here, knowledge is power, because your level of knowledge determine how successful you might be in what ever you engage in.
Ok let's take a look at our surroundings today, it is only those that have the knowledge on how to navigate their way easily that doesn't fall prey to scammers in this crypto space.
And another important thing is that without knowledge you wouldn't even know the right asset to invest in, talkless of holding Bitcoin for a very long time, so knowledge is very much important in everything in this life, if not you will definitely be an easy target for scammers, and you might even invest wrongly that may warrant you to lose all your hard earned money.

Jerrycrypto2024

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Quote from: Cityhunter34 on December 18, 2024, 06:52:45 PM

Quote from: CryptopreneurBrainboss on December 18, 2024, 05:58:51 PM

Quote from: Pressurizedem on December 16, 2024, 03:41:12 PM

Knowledge has always been the key in crypto because most things that happen here are done when there is a basic knowledge about it,and Moreover,the dynamism of crypto currency and how things change everyday is what is suppose to cause a concern,but with the knowledge that one already had about it,it still keeps us abreast in the field.
They say he who is not informed is deformed,this statement is very much accurate and correct.

Knowledge has to be powering everything and that includes this industry. There's no way you'll benefit from something without having some basic knowledge on what you're doing.

Those that depends on people still need to know/have clue about what they're doing for them to be successful. With knowledge, you still need to be updated too because information is power and where you don't have knowledge but you're being well informed or connected is going to give you some privileges that others don't have.

Our people say make you follow who know road so where you no know, person wey sabi the thing fit guide you but as him dey guide you no go just dey follow am like blind man so tomorrow you fit still show others the road.

That's the real truth about it, as far as I know the most important thing in this Bitcointalk forum is knowledge. without knowledge here one can't cope because everything about cryptocurrency required proper knowledge so that one would be able to grow without making any mistake.

However, just like as you talk as a person wey really want to learn as the person they so you the road e go really dey good for you to understand wetin in dey show you, so that you too go show another person tomorrow.

The limelight of survival remain on true knowledge as it's inevitable to argument about how good knowledge help to Forster speedy growth and increase one diversity in dealing with any form of investment mostly a critical area that involves various idea where some may be false if properly not harness can leads to failure or setback. This forum has increased many in critical thinking and analysis that can help them scale through any form of situations and can easily factor out what is deviating from the real source.

Makus

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Quote from: I_Anime on October 15, 2024, 05:45:43 PM

Alot of newbies won't understand or get this, especially those that was on boarded by Notcoin into this space, alot of you have been hearing that cryptocurrency is not a get rich quick scheme, is something that requires one to go after knowledge too. Because in this space without a proper knowledge you can't succeed in it .

Don't think that this space is all about Airdrops and tap to earn , is more than that , but you won't be able make good use of the opportunity in it if you lacks knowledge on how it works. That's why you have to make good use of your time here to keep learning because they are alot of knowledgeable users here , and beside google is always there to assist you , so leave that comfort and start Doing your own research it would help to make things move smoother.

Generally, knowledge is power, there is no way you can be successful in anything without having a basic knowledge first of what you're doing. Take for instance, trying to translate or speak another language entirely different from the language you understand for the first time. There is no way what you're saying would make sense to you or the person listing, so is bitcoin investment. Sometimes most person inherited a bitcoin address probably from their parents or given as a gift and without knowledge of what bitcoin is, you're likely to take it for granted rather than foreseeing the opportunity of investment that lies within it.

DubemIfedigbo001

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Let love lead

Quote from: MorganaX on December 03, 2024, 07:19:47 PM

Quote from: promise444c5 on October 22, 2024, 05:22:42 PM

Teaching someone about crypto could change their life no doubt but at the same time could also ruin them if they don't go through the right path and they might regret ever learning or having someone that taught them the whole thing in the first place. There's difference between teaching then about crypto and guiding them about the right part of crypto space but I believe everyone that learned crypto will have something to say about their journey and how they learned( most learned the hard way though but it make you stronger and to avoid future likely mistakes, at the same time you can prevent those you are/will be teaching from falling into some of your past mistakes orem errors

)

I think the negative impact would more considering the fact that the person might do something foolish especially when you are not there to guide him or her through the whole journey because there are lots of success stories out that might just trigger someone to make the mistakes of their lifetime especially by those so called crypto specialist.

The source of your information is very important in this crypto world. I would not advise anybody to prioritize information from influencers and celebrities. They are easy to mislead newbies and lead them to erroneous involvement in crypto.

I always advise people to learn from someone practicing what they preach and not those just promoting shitcoins or wallets on their page.

Another mistake newbies make is looking for free knowledge all the time, truth is that getting quality information always comes with a price. The only place I've seen it very legit, easily accessible and free is here in this forum.

?

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Anytime i come across this thread that said knowledge is power on cryptocurrency, i that always get Joy because this thread they always remind me my secondary school days, that mathematics teacher love saying what you don't know you don't and there is no shortcut, so I'm relating to cryptocurrency now, if you don't know how cryptocurrency works you many end up wasting resources, it is good have a basic experience or knowledge on how cryptocurrency works. Happy new year to you in advance.

Yeesha

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Quote from: Pressurizedem on December 16, 2024, 03:41:12 PM

Knowledge has always been the key in crypto because most things that happen here are done when there is a basic knowledge about it,and Moreover,the dynamism of crypto currency and how things change everyday is what is suppose to cause a concern,but with the knowledge that one already had about it,it still keeps us abreast in the field.
They say he who is not informed is deformed,this statement is very much accurate and correct.

Everything in life requires knowledge and understanding, and the world of cryptocurrency is no exception. Without a solid grasp of cryptocurrency, you'll be vulnerable to deception and potentially significant financial losses. To navigate the complex world of cryptocurrency trading and investing, it's essential to acquire knowledge and understanding of the subject. This will help you make informed decisions, avoid common pitfalls, and protect your assets. Lacking knowledge can lead to disappointment and financial losses. Therefore, it's crucial to educate yourself about cryptocurrency before investing or trading.

?

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Seasonal greetings to all my friends in this forum and happy boxing day. as they always says that knowledge is power it is not magic but it is a statement of fact that simplify wat is right.
It is a very good thread that i come across with so far that if your that have a good knowledge on cryptocurrency or Bitcoin and you want to tread or invest your Bitcoin you must have a good knowledge about it but a situation where you don't have the knowledge, it is always advisable to ask for help from people that knows more matter to learn from them and have the full knowledge power on how Bitcoin works.

Mpamaegbu

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Once a man, twice a child!

Quote from: Smartvirus on October 16, 2024, 04:21:52 PM

CZ just go rephrase our fish matter o.
Say; if you give person fish, you go feed am for a day, but if you teach am how to fish, you go feed am for life.

Na today you sabi sey CZ na confirmed guyman? His exchange nor dey lead d pack for nothing. Na brain work dey do am for am. Howeva, wetin me nor too like there be how him take style shift attention for that post from Bitcoin to alts, thereby making it look like na altcoins sure pass Bitcoin. No doubt sey as e be now, alts fit give you better ROI on short term pass Bitcoin but wetin we dey talk here be settlement for life. Na Bitcoin sure pass .

Shadiq

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Quote from: I_Anime on October 15, 2024, 05:45:43 PM

At first I will say as someone that's interested in investing in bitcoin you just need the basic knowledge and you are good to go so don't let your urge of accumulating knowledge affects your bitcoin investment or accumulation.

Alot of newbies won't understand or get this, especially those that was on boarded by Notcoin into this space, alot of you have been hearing that cryptocurrency is not a get rich quick scheme, is something that requires one to go after knowledge too. Because in this space without a proper knowledge you can't succeed in it .
Don't think that this space is all about Airdrops and tap to earn , is more than that , but you won't be able make good use of the opportunity in it if you lacks knowledge on how it works. That's why you have to make good use of your time here to keep learning because they are alot of knowledgeable users here , and beside google is always there to assist you , so leave that comfort and start Doing your own research it would help to make things move smoother.

Knowledge is definitely important in all fields. When you are entering a platform, you must have basic knowledge about that subject. After entering the platform, the experienced people of the platform will guide you, you will get some knowledge from there. When you apply that knowledge, real experience will self-supplement you with knowledge.

I am a bit skeptical about the sentence "Crypto is not a get rich quick scheme". I am thinking of those who trade with crypto. Maybe they lose from trading but they are doing it and making money from it. But their money is at high risk and they have to manage their lives with financial risks. Still they are trading with crypto and making money. But yes, if you are expecting high profits from crypto without any risk then you must be long-term. In crypto, I give more priority to real experience than knowledge, whether it is investing or trading. In the initial stage, there is no alternative to knowledge, but over time you will feel the absence of real experience which you will not get by following someone else. You will have to try it yourself.

?

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I humblely agreed with this saying, if you want to help a person for a day, give them crypto and if you want to help a person for life time, teach them.
With our present generation that things is been done digitally, i believe strongly teaching a person on how Bitcoin and crypto works, is the best than given a person what he will not understand the value of what you have giving to him.

laijsica

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Quote from: Cityhunter34 on December 18, 2024, 06:52:45 PM

Quote from: CryptopreneurBrainboss on December 18, 2024, 05:58:51 PM

Quote from: Pressurizedem on December 16, 2024, 03:41:12 PM

Knowledge has always been the key in crypto because most things that happen here are done when there is a basic knowledge about it,and Moreover,the dynamism of crypto currency and how things change everyday is what is suppose to cause a concern,but with the knowledge that one already had about it,it still keeps us abreast in the field.
They say he who is not informed is deformed,this statement is very much accurate and correct.

Knowledge has to be powering everything and that includes this industry. There's no way you'll benefit from something without having some basic knowledge on what you're doing.

Those that depends on people still need to know/have clue about what they're doing for them to be successful. With knowledge, you still need to be updated too because information is power and where you don't have knowledge but you're being well informed or connected is going to give you some privileges that others don't have.

Our people say make you follow who know road so where you no know, person wey sabi the thing fit guide you but as him dey guide you no go just dey follow am like blind man so tomorrow you fit still show others the road.

That's the real truth about it, as far as I know the most important thing in this Bitcointalk forum is knowledge. without knowledge here one can't cope because everything about cryptocurrency required proper knowledge so that one would be able to grow without making any mistake.

However, just like as you talk as a person wey really want to learn as the person they so you the road e go really dey good for you to understand wetin in dey show you, so that you too go show another person tomorrow.

Not only in the forum you will meet the reality and being wise will guide you like light. Individuals are genetically predisposed to being wise and have a tendency to be wise with ability. For you to continue to strive to bring knowledge to the powerful industry and strengthen its scope.

Presenting yourself beyond competence without investment knowledge is a barrier to addressing in your forum. As you need to enter the market and spend time to become knowledgeable about cryptocurrency. Affordability checks and investments with resources that allow you to be perfect.

By keeping your efforts to learn and applying practical knowledge, you can hold yourself in the right perspective and travel from the limited to the infinite.

Cityhunter34

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Quote from: CryptopreneurBrainboss on December 18, 2024, 05:58:51 PM

Quote from: Pressurizedem on December 16, 2024, 03:41:12 PM

Knowledge has always been the key in crypto because most things that happen here are done when there is a basic knowledge about it,and Moreover,the dynamism of crypto currency and how things change everyday is what is suppose to cause a concern,but with the knowledge that one already had about it,it still keeps us abreast in the field.
They say he who is not informed is deformed,this statement is very much accurate and correct.

Knowledge has to be powering everything and that includes this industry. There's no way you'll benefit from something without having some basic knowledge on what you're doing.

Those that depends on people still need to know/have clue about what they're doing for them to be successful. With knowledge, you still need to be updated too because information is power and where you don't have knowledge but you're being well informed or connected is going to give you some privileges that others don't have.

Our people say make you follow who know road so where you no know, person wey sabi the thing fit guide you but as him dey guide you no go just dey follow am like blind man so tomorrow you fit still show others the road.

That's the real truth about it, as far as I know the most important thing in this Bitcointalk forum is knowledge. without knowledge here one can't cope because everything about cryptocurrency required proper knowledge so that one would be able to grow without making any mistake.

However, just like as you talk as a person wey really want to learn as the person they so you the road e go really dey good for you to understand wetin in dey show you, so that you too go show another person tomorrow.

CryptopreneurBrainboss

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Quote from: Pressurizedem on December 16, 2024, 03:41:12 PM

Knowledge has always been the key in crypto because most things that happen here are done when there is a basic knowledge about it,and Moreover,the dynamism of crypto currency and how things change everyday is what is suppose to cause a concern,but with the knowledge that one already had about it,it still keeps us abreast in the field.
They say he who is not informed is deformed,this statement is very much accurate and correct.

Knowledge has to be powering everything and that includes this industry. There's no way you'll benefit from something without having some basic knowledge on what you're doing.

Those that depends on people still need to know/have clue about what they're doing for them to be successful. With knowledge, you still need to be updated too because information is power and where you don't have knowledge but you're being well informed or connected is going to give you some privileges that others don't have.

Our people say make you follow who know road so where you no know, person wey sabi the thing fit guide you but as him dey guide you no go just dey follow am like blind man so tomorrow you fit still show others the road.

?

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Quote from: Pressurizedem on December 16, 2024, 03:41:12 PM

Knowledge has always been the key in crypto because most things that happen here are done when there is a basic knowledge about it,and Moreover,the dynamism of crypto currency and how things change everyday is what is suppose to cause a concern,but with the knowledge that one already had about it,it still keeps us abreast in the field.
They say he who is not informed is deformed,this statement is very much accurate and correct.

You are very correct mate, as you have said ,that knowledge is power,you must have a basic knowledge about crypto currency before you can start making money from crypto.The business of crypto is all about calculation,and taking calculated steps in making the money.Being informed about the projects that will yield greater results in times coming is the surest way to remain in the line of crypto.

Su-asa

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Quote from: Moreno233 on October 16, 2024, 10:36:21 AM

Quote from: I_Anime on October 15, 2024, 05:45:43 PM

At first I will say as someone that's interested in investing in bitcoin you just need the basic knowledge and you are good to go so don't let your urge of accumulating knowledge affects your bitcoin investment or accumulation.

You are very correct because basic knowledge is needed to get started with investing in Bitcoin but to do other aspect of cryptocurrency, specialized knowledge is needed. For instance, if you want to go into mining, yield farming, trading and many other aspect of cryptocurrency that can also generate income, proper knowledge of those sectors are needed because without good knowledge, losses are inevitable. Even as an investor, a time will come that one would need some good knowledge to make informed investment decision while cutting cost such as transaction fees. Therefore, knowledge is an important asset in cryptocurrency.

Going into crypto mining won't require you to gain a lot of knowledge, mining is basically for everyone both the beginners and professionals but going into trading comes with a lot of sacrifices, you must be ready go for knowledge first before thinking about making profit from the market, just like you said without proper knowledge losses would be inevitable. Learning the dynamics of the market can give you a little leverage and also help you minimize losses, but most beginners just focus on how to make millions from the market overnight and it doesn't work that way.

Pressurizedem

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Knowledge has always been the key in crypto because most things that happen here are done when there is a basic knowledge about it,and Moreover,the dynamism of crypto currency and how things change everyday is what is suppose to cause a concern,but with the knowledge that one already had about it,it still keeps us abreast in the field.
They say he who is not informed is deformed,this statement is very much accurate and correct.

DaNNy001

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Quote from: Churchillvv on October 15, 2024, 06:24:51 PM

Perhaps I would agree with you that knowledge is a key in this space and it must be met for ones ways to be open in the crypto space as crypto generally in it's complexity has to do with in dept cryptographic and programming languages it's most important for a beginner or any kind whether of zero to no knowledge or of an average knowledge to keep in contact with knowledge people in the space especially in this forum.

There have been materials provided to supply and support newbies in knowing the requirements of the forum and cryptocurrency generally hence it's most advised to use this materials to the fullest as the knowledges in it are never exhausted or can't be finished.

Additionally, it's absolutely true that teaching one about bitcoin and crypto is a way of helping someone for the life time just as CZ found of Binance once said and giving people who needs help crypto could save them for a day but teaching them the in-depths of it will save them for a life time. So teach someone today how crypto works and save a life.

Here is a prominent tool/website for bitcoin knowledge specifically
https://learnmeabitcoin.com/

And here is a websites for links on general crypto knowledge
https://cryptolinks.com/

Not everyone would agree to this but I think the minimum amount of time dedicated to acquisition of knowledge in crypto should be nothing less than 6 months... expanding your knowledge should be your priority as a newbie, there are things that would take more than 5 months to master, focusing on making money as a beginner would only make you lose money, rushing into the market isn't advisable, but shen it comes to hodling Bitcoin there's isn't much to learn about it before knowing what to do about making an investment in it, all that you need to do is have a target.

Cremi

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Quote from: I_Anime on October 15, 2024, 05:45:43 PM

At first I will say as someone that's interested in investing in bitcoin you just need the basic knowledge and you are good to go so don't let your urge of accumulating knowledge affects your bitcoin investment or accumulation.

Alot of newbies won't understand or get this, especially those that was on boarded by Notcoin into this space, alot of you have been hearing that cryptocurrency is not a get rich quick scheme, is something that requires one to go after knowledge too. Because in this space without a proper knowledge you can't succeed in it .

Don't think that this space is all about Airdrops and tap to earn , is more than that , but you won't be able make good use of the opportunity in it if you lacks knowledge on how it works. That's why you have to make good use of your time here to keep learning because they are alot of knowledgeable users here , and beside google is always there to assist you , so leave that comfort and start Doing your own research it would help to make things move smoother.

yes i 100% agree with you, it doesnt help the people just to buy crypto, they must understand it

Topic: Knowledge is still power in cryptocurrency (Read 1115 times)