Topic: Knowledge is still power in cryptocurrency (Read 1420 times)

You are very correct,because without knowledge you can't excel in the crypto market

we know say the whole system done currupt but if you look this whole matter the thing no to bad like that because if you look this matter them still get graduates wey still they work and make a livivng with there certififcate, and grade does not matter because no matter how the thing bad reach peopple still they get job and i know people wey graduate with bad grades and they still get job so school no be anything, because they get people wey go school wey no sabi anything wey them they do so the thing they very important be say as graduate you suppose sabi waiting you they do.


and this one  no be today matter plenty people they always claim say them sabi crypto and nothing they sabi and the knowledge some people rely on na the wrong thing and because they no wan ask question them they fall victim of so many things, the issue of  custodial wallet and non-custodial wallet people they confuse and them no wan do reseach and na the only thing wey fit save them be that, when you do your research you go know waiting to do exactly. when you wan make some kind choices.

You are absolutely correct, that is one thing most people normally forget when they want to joined cryptocurrency. They always have this feeling that cryptocurrency is very easy to navigate, without noing that it required to study very hard before thinking of making money from it. As far as I know knowledge is the most paramount thing that we are supposed to get first before thinking of joining crypto space, because once you have the besic knowledge it will be more easier for you to navigate.

Most of the mistakes of investors lie in expecting quick returns which puts their capital at risk. There are a number of investors like you who follow short-term trading in the crypto market in the hope of getting their profits. Patience is a special skill for investors through which they can complete their desired cycle and accumulate huge stash.
Maturity in investing is based on time, experience and discretionary income and can bring success to investors and simple statistics are about accumulating and holding for the long term. To be wise in investing you should focus more on making consistent deposits than spending more time in the crypto market. By having the qualities of patience and the process of making deposits regardless of the price you can develop special habits in yourself.

CZ dey spot on.

According to awa bible for Eccl 7:12, e talk say "knowledge gives life to those that have it." As we don enter the bull season, naso many newbies go dey jump into the space without proper crypto knowledge. Some of them go buy Bitcoin but no go fit get patience to hold longer to realize better profit while others go rush invest their funds for shitcoins because them want quick returns and them go get scammed. Tomorrow dey go say crypto na scam but the main thing be say them lack knowledge to succeed. So crypto knowledge dey necessary, e good make we know atleast the basics and still dey strive to know more and more.

Patience is a virtue and that is what many people lack. Crypto investment sometimes can be very frustrating if you expect a quick return. The most important knowledge anyone can have in crypto is the possibility of a long term duration before maturity. Knowledge is very important since various crypto investments take different forms.
You need to understand that you need to learn the market trends. Sometime last year I sold one of my coins in a rush just to watch the price double in less than 10mins later.

Knowledge is crucial and patience is needed in order to obtain the required knowledge.

In every business or investment you are into you need to have the knowledge of running it, yes having knowledge about cryptocurrency is very important however when you want to start Bitcoin accumulation journey all you need first is the basic knowledge which is how to create your wallet and how to buy Bitcoin if you have gotten this basic knowledge you can start accumulating but that those not mean you should not seek more knowledge about Bitcoin, you can start the investment and along the line you start knowing more about it and expanding your brain, like they say experience is the best teacher, you can't wait to learn everything without starting, if you don't start you won't know everything.
I'm not saying people should not learn about cryptocurrency before they start I'm saying learn the basic things you need to know then you start, along the line you will be learning more, even if you are a trader you can never learn everything all at a time the more important things and skills you need to learn is gotten when you have started trading.
If you wish to start Bitcoin investment all you need to do is to know what Bitcoin investment is all about after that you open your personal wallet and then learn how to buy Bitcoin after that you start accumulating, if you are in this forum you will learn more all you need to do is join conversation about Bitcoin ask questions and people here will answer you.

you can't reap the benefits of anything, if you don't have knowledge about that particular thing, including cryptocurrency. Knowledge is essential in every aspect of life, and cryptocurrency is no exception. If you're unfamiliar with cryptocurrency, it's unwise to expect to make money from it. Lack of knowledge will only lead to losses, and you won't be able to manage and control your funds effectively. Knowledge is crucial in the world of cryptocurrency. It guides and motivates you, it enable you to make informed decisions. With knowledge, you'll be empowered to navigate the cryptocurrency space successfully.

Thank you for this Great perception which inline with my thoughts, there is no doubt that knowledge is a stream light to succeed but no one will succeed if a knowledge acquired is not put to action, many today hard the knowledge of crypto but has not succeed in crypto as a result of not applying the required action, I deeply agreed with you the fact that knowledge is not enough but individual action or determination to put to work the knowledge acquired. For instance in our society today we have many profession but only few can but to action the knowledge they acquired for years even while some spend more than five years in acquiring the knowledge, it shows that it's individual determination to put to action that make knowledge a success.

Before you can think of making money in crypto you must gain knowledge, this is the most essential thing. A lot of people just want to jump into it and start making money forgetting that crypto is an institution of learning. Nobody knows it all in crypto, even the experts are still learning. As a beginner if you don't take out your time to study and gain the knowledge required you won't benefit much crypto. Making an investment is very important, but knowing what you are investing is the most important. Give yourself time to understand the market, it might take as long as 5 months to a year, don't rush yourself, find someone that can mentor you and teach you the basic things you need to succeed in it

Investing in crypto definitely requires knowledge, and the advice of an experienced person is very important. I would say that those who are unaware of this investment should gain knowledge and be aware, only then can they get the benefits of investment. When a person uses the knowledge well, he will definitely be able to earn money from this crypto and he will be able to understand everything successfully. So I think if you want to become a good investor, then everything is possible by spending time with this Bitcointalk forum and getting good education. Those who are currently in a good position in the forum are definitely very knowledgeable people and they have been able to earn a lot of money from this forum only by using their knowledge. So any person who wants to use his own knowledge and experience can also be a good investor and can gain some good education from the crypto space. CZ wanted to explain this in his statement that basically one should get education before earning and people can increase their knowledge and experience, later he will definitely be able to earn well.

Yeah knowledge is important when comes to starting investment, but there are both basic and complex knowledge, when comes to bitcoin investment. So the basic knowledge of bitcoin is understanding the potential and how to invest in bitcoin like buying or accumulating and holding, while complex knowledge is focusing on the technical part also and understanding how bitcoin works in whole .

But due the fact that time and prices wait for no one , one can go for the basic knowledge first before Going into bitcoin investment to safe time and for them tos start accumulating on time, and as time goes they may choose to focus on gaining more knowledge as they accumulate.

The first thing everyone needs to do before investing in cryptocurrencies is to gain knowledge i.e. to gain experience, because without experience one may not be able to achieve success from his investment and trading. Those who have experience about the market can do proper market analysis even if the price of any coin in the market is going down then they can hold patiently and they don't panic.
But if someone wants to invest in Bitcoin through Dollar Cost Averaging (DCA) strategy then he might be able to invest in Bitcoin with his little knowledge. Along with investing in this method, the investor's knowledge will also increase. However, before investing in this method, investors should keep these things in mind: Buying Bitcoin regularly,Creating a source of income, Ensuring wallet security.

Tnx u for dis crucial information, d quotes on dat image just opened my eyes to understand say knowledge is power, and having knowledge in wat u re doing is the shortest cut to archive success in it.
Just as dis crypto matter b having knowledge on how  e b, how e dy work dy very good so dat wen u started investing in it u il nt find it hard.

Make I summarize, making research, reading books, reading other people's posts and all dy very good bcuz e go help u know tinz and tinz way u need to know. Tnx u

People are just too lazy. All the want is a ready made job. This most times has a negative impart on our investment especially Bitcoin at large. This sometimes can be trace back to the person who introduce us to Crypto investment. Can you give what you don't have? When someone join the space with little or no knowledge about the space and was lucky to make some fund from it, what do you expect to see from anyone he/she introduce to the space?

Normally, knowledge comes first before investing in Bitcoin, often wonder why people jump into Bitcoin investments without seeking for basic knowledge. It's essential to understand the risks involved before investing. by doing so, we will better equipped to manage our expectations and avoid panicking when the market dips.

Thank you so much for such information of letting us to know, understand and see reason why will should be able to do any posting out of our knowledge, i really appreciate the moderator of this naija local board that have i been perusing on different threads on this naija local board, it is really helpful to me, and anything dat i don't know i always ask for more clarification and understanding.

Knowledge to me remains the power in almost all walks of life. A graduate is knowledgeable in his area but not in crypto.
Talking about knowledge is power, it depends on the area of interest. Knowledge in crypto is the only knowledge that matters when it comes to bitcoin and cryptocurrency investments. A person can be knowledgeable in sciences but not in crypto or vise versa.
Knowledge is power but it depends on the area of applications.

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.

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.