Topic: Knowledge is still power in cryptocurrency - page 2. (Read 520 times)
If you are interested in making money from crypto you are supposed to study it the same way you studied in the university to build a career for yourself. You must go for knowledge first before you think of earning. There are people who still see the crypto space as a ponzy scheme or a way to make money overnight, instead of taking their time to study the market they just follow signals of experts. This wouldn't take you anywhere, you must know your way around the market yourself and develop a strategy that can work for you overtime.
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. If you don't know anything about bitcoin or cryptocurrencies, you won't be able to achieve anything you will fail in lose because information is essential. Anything that requires expertise to invest also requires trade, therefore if you are interested in online platforms, you must gain experience before you can enjoy them. Investing in bitcoin is the best thing you can help someone learn about it and invest to get profit because currently in the country nothing that is more valuable now things are hard in the country everything you want to do you need to have huge capital before you can afford it and do business with it, but in crypto even with 5 or 10$ you can make your investment and if the coin is increasing you can be getting profits. even is not much is better then to stay without getting anything. In my opinion is just the crypto that people are more focusing on now naira don't have enough value anymore. Bitcoin investment is good and buy getting good guide you will know is performance with helping the youth in the country, that engage in crypto aspects.
Plenty people dey invest for here to blow quick-quick with Bitcoin, but this na risky waka especially for those wey like trading anyhow. For new investors, e go better make dem start by learning how Bitcoin dey work, then use DCA method to dey deposit small small for the beginning. E good make dem try sabi wetin dey happen for early stage, and still run Bitcoin deposit.
Dis advice fit teach everybody say e good to get sense to move forward. E good make everybody make effort to find knowledge, especially about Bitcoin, so dem go fit believe say long-term deposit go fit give more profit from Bitcoin.
I really go with you regard owning a bitcoin, e no mean say e go be one bitcoin but starting from the least so you go also they learn how the thin dey be, if person gather plenty knowledge about crypto e go they easy for person to move around the ecosystem, people always dey think higher when they talk about crypto but dey no no the risk wey dey involved, hearing the price of bitcoin usually blow their mind as if it something wey the fit get for free, but getting to know it at the beginning na em be best tin before person go even start to dey involve money, many people sabi crypto in the beginning but they run comot because say wetin dey see they no expect am and again some lack patience, buying small small na e be best. Dis advice fit teach everybody say e good to get sense to move forward. E good make everybody make effort to find knowledge, especially about Bitcoin, so dem go fit believe say long-term deposit go fit give more profit from Bitcoin.
Plenty people dey invest for here to blow quick-quick with Bitcoin, but this na risky waka especially for those wey like trading anyhow. For new investors, e go better make dem start by learning how Bitcoin dey work, then use DCA method to dey deposit small small for the beginning. E good make dem try sabi wetin dey happen for early stage, and still run Bitcoin deposit.
Dis advice fit teach everybody say e good to get sense to move forward. E good make everybody make effort to find knowledge, especially about Bitcoin, so dem go fit believe say long-term deposit go fit give more profit from Bitcoin.
Dis advice fit teach everybody say e good to get sense to move forward. E good make everybody make effort to find knowledge, especially about Bitcoin, so dem go fit believe say long-term deposit go fit give more profit from Bitcoin.
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 watin I Dey see there o. Same knowledge and everything but, na the legit shah and fundamental rules like this Dey apply everywhere, e no Dey select field.
For our society today, knowledge is everything. Gone are the days way person Dey use brute strength to use see front. Person fit use pen take decide how your life go be and na there way people Dey use build future now. When you no sabi, you try learn make you sabi instead of to just Dey relax and allow time pass you, na that one bad pass.
Instead of giving person fish it is better you teach them how to catch fish, E better make you teach person how to make it in life than be given them money say make you take, as this life dey now everybody dey find way to survive and instead of be given person something it is better you teach the person how to get him own so that the person no go depend on you, but even as this one wey be say teach person crypto E go be person wey Sabi read and write.
And sometimes when you dey teach person crypto make sure you teach person wey go dey appreciate and even be loyal to you no matter what happened because there are some people dey wey be say after them make am they fit even talk for public say no be you be the reason why he become a successful person, and also make the person be a person that is patient because some people no get patient when they are learn, all they want is to make it in time.
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.
Many people's introduction to cryptocurrency has been through airdrops and tap to earn, but with knowledge these people will understand that cryptocurrency is big and broader than that and that to know what is the next step after benefiting from airdrops and tap to earn projects they need to learn more about cryptocurrency. They have people that have earned from all these projects as well and then instead of investing it in another more reputable coin or making sure not to keep holding these coins from these projects when they start falling, they do not know their next step. Some people have even just hurriedly sold off what they benefited when that could have become a basis of investment for them to start with in the cryptocurrency market and put them in a better position to profit more from the market in the future. Knowledge dey very important.
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.
Many people's introduction to cryptocurrency has been through airdrops and tap to earn, but with knowledge these people will understand that cryptocurrency is big and broader than that and that to know what is the next step after benefiting from airdrops and tap to earn projects they need to learn more about cryptocurrency. They have people that have earned from all these projects as well and then instead of investing it in another more reputable coin or making sure not to keep holding these coins from these projects when they start falling, they do not know their next step. Some people have even just hurriedly sold off what they benefited when that could have become a basis of investment for them to start with in the cryptocurrency market and put them in a better position to profit more from the market in the future. Knowledge dey very important. 
Absolutely there's no doubts in the perks you just shared and I appreciate the fact that it has a theme that is referring back to study and arming one self with the much needed knowledge because that's our survival tool in this space, only a very knowledgeable person will always find their way around things in this space regardless of how tough it gets.
One other thing wey I know be say too much sability fit cause paralysis, because when you too know, e go make u dey too careful or make u dey reluctant, as per you go dey always find excuse why you no wan do something because u feel say u too know and every movement u dey aware and you go com forget say dis crypto mata dey dynamic, dat mean say e dey change anytime so sometimes give room to drop d old things wey u Sabi learn new one make u for fit dey updated den grow, anyhow Sha make sure say u continue dey learn no stop and no allow wetin u Sabi make u no use opportunity because u feel say e too small or e no go work.
One other thing wey I know be say too much sability fit cause paralysis, because when you too know, e go make u dey too careful or make u dey reluctant, as per you go dey always find excuse why you no wan do something because u feel say u too know and every movement u dey aware and you go com forget say dis crypto mata dey dynamic, dat mean say e dey change anytime so sometimes give room to drop d old things wey u Sabi learn new one make u for fit dey updated den grow, anyhow Sha make sure say u continue dey learn no stop and no allow wetin u Sabi make u no use opportunity because u feel say e too small or e no go work.
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 watin I Dey see there o. Same knowledge and everything but, na the legit shah and fundamental rules like this Dey apply everywhere, e no Dey select field.
For our society today, knowledge is everything. Gone are the days way person Dey use brute strength to use see front. Person fit use pen take decide how your life go be and na there way people Dey use build future now. When you no sabi, you try learn make you sabi instead of to just Dey relax and allow time pass you, na that one bad pass.
You have a point here @OP, but what I also feel is that knowledge can never take the place of money, and money can never take the place of knowledge in whatever we do, whether it be crypto or any other thing. Now, I have noticed that some of the people around me that participates in airdrops are not really into it because they seek to understand what crypto is all about. They are just into it for the money sake, which means they literally don't see other opportunities outside the airdrops they are doing. And why is that?, It's simply because they are not knowledgeable about the crypto space and are not into this research thing. These two things alone can differentiate two individuals(maybe you @OP and someone who just taps)
Yeah . There was this post I came across on X , the post was something like , "Airdrop won't make you a millionaire just like that , but the money can only be a stepping stone to success only if you have the knowledge " . Especially we Nigerians if you take notice most time Nigerians are always topping in most project , (because of our economy tho ), like doing hamster listing i some people list of what they whre planning to do with the hamster money, some where like i will make like $5k from it and i will spend it like this and like that. I just shake my head because done are those days Airdrop pays such amount, now the number of people farming airdrop are now more than then because of Notcoin. Airdrops is good do especially when you farming a nice and legit one , but always go after knowledge still .
Your points are valid. I do think that most person have gain awareness about bitcoins through the airdrop but this awareness is not enough to make them a potential investors on the long run as many of them only seek for daily bread through airdrop not because they care about investing. The economic situation in the country has forced many person to see airdrop as an escape root to escaping debt and living below standard.
For every one that was brought in through airdrop , who is still wondering about what the space is all about should seek for knowledge in a proper way because a lot of people seek incomplete knowledge by glancing through pages they should have properly read through .
Secondly , newbie should not believe that they are missing out until they rush to invest. Getting the right knowledge before investing help safeguard your asset and protect you against scam
For every one that was brought in through airdrop , who is still wondering about what the space is all about should seek for knowledge in a proper way because a lot of people seek incomplete knowledge by glancing through pages they should have properly read through .
Secondly , newbie should not believe that they are missing out until they rush to invest. Getting the right knowledge before investing help safeguard your asset and protect you against scam
Yeah that's through knowledge do help when it comes to bitcoin investment, because having good knowledge would help you make good plans towards yah investment and same time also help you to keep your funds safe .
Your points are valid. I do think that most person have gain awareness about bitcoins through the airdrop but this awareness is not enough to make them a potential investors on the long run as many of them only seek for daily bread through airdrop not because they care about investing. The economic situation in the country has forced many person to see airdrop as an escape root to escaping debt and living below standard.
For every one that was brought in through airdrop , who is still wondering about what the space is all about should seek for knowledge in a proper way because a lot of people seek incomplete knowledge by glancing through pages they should have properly read through .
Secondly , newbie should not believe that they are missing out until they rush to invest. Getting the right knowledge before investing help safeguard your asset and protect you against scam
For every one that was brought in through airdrop , who is still wondering about what the space is all about should seek for knowledge in a proper way because a lot of people seek incomplete knowledge by glancing through pages they should have properly read through .
Secondly , newbie should not believe that they are missing out until they rush to invest. Getting the right knowledge before investing help safeguard your asset and protect you against scam
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. 
I agree to CZ term, there's this Nigeria proverb that says No give me the fish,teach me how to fish,so when I saw the write up,this Nigeria proverb just came into my mind.We all know there is a different between giving a person something and teaching a person how the something works and how it can be used to create wealth.
the question is, if you're giving someone a crypto, what's the worth of the crypto you can give at the most? and even if it's all that much, how long will it last before he spends it all and comes looking for more?when you teach someone how crypto works and how they can also benefit from it, you've not only tutored a single person, but you've empowered an army of people who will eventually come to learn a lot of things under the person you've taught. you've also liberated yourself so that they won't keep running after you for more coin.
with the right knowledge you can grow to the extent of owning more coin than the person that taught you and as it relates to growing in the crypto space and enjoying its benefit, theirs more for anyone that goes above the mere preliminary phase of doing the little and casual things other regular guys are doing. if you're interested in gaining maximally from crypto, you will have to learn and implement all the things you've learned and even strive to stay updated and continue learning.
Knowledge is profitable to direct, but becomes effective when put to work at the right direction.
I agree to CZ term, there's this Nigeria proverb that says No give me the fish,teach me how to fish,so when I saw the write up,this Nigeria proverb just came into my mind.We all know there is a different between giving a person something and teaching a person how the something works and how it can be used to create wealth.The society we are living is a digitalized society where youths are desiring to own digital asset like cryptocurrency,so it will be of great help if we teach them about crypto.
It's unfair when people say they won't teach others cryptocurrency because they ought to discover their destiny,if everyone chose to discover their destiny I believe nobody would use cryptocurrency because everyone would be busy discovering their destiny,one thing people don't know is the value an asset possess,the reason why we are using crypto today it's because of how valuable it is, otherwise nobody would have desired for it.Teach someone about crypto not on the basis of discovering destiny but on the basis of helping a soul.
It's unfair when people say they won't teach others cryptocurrency because they ought to discover their destiny,if everyone chose to discover their destiny I believe nobody would use cryptocurrency because everyone would be busy discovering their destiny,one thing people don't know is the value an asset possess,the reason why we are using crypto today it's because of how valuable it is, otherwise nobody would have desired for it.Teach someone about crypto not on the basis of discovering destiny but on the basis of helping a soul.
I can relate with what CZ said and it will be relevant to anybody that wants to go far in the crypto space, you can help a person for a short time by giving them cryptocurrency but you can help the person for a lifetime if you teach them about cryptocurrency in general. You can liken it by saying that it's better to teach someone how to fish instead of giving them fish, they will become knowledgeable and continue to fish by themselves in the future. It is important for newbies to understand that they cannot compare altcoins like memecoins to Bitcoin, some people are still scammed into believing that these tokens are reputable like Bitcoin, they will invest their funds and lose everything when the project is dead. Also when you choose Bitcoin you need to understand it's circles, bull run and bear run, and the best time to buy is during bear run when price is in dip, you hodl and wait for bull run when there will be ATH. Another important aspect is to have the knowledge of securing your seed phrase and password, without it you can lose your Bitcoin forever, it will remain in the Blockchain but you can not have access to it. These are the basic knowledge that a crypto holder needs to understand and avoid costly mistakes of losing their coins.
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.
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.
Well when I first entered crypto I was told not to be greedy and to be more patient that it's not a get rich quick scheme ad you earlier stated but in all sincerity there were time where I still made poor choices maybe due to greed or different other reasons
So to me experience is the best teacher
You may hear people say don't be greedy but may not know why till you actually make the mistake of being greedy
I only pray it won't be at a high cost
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.
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.
You have a point here @OP, but what I also feel is that knowledge can never take the place of money, and money can never take the place of knowledge in whatever we do, whether it be crypto or any other thing. Now, I have noticed that some of the people around me that participates in airdrops are not really into it because they seek to understand what crypto is all about. They are just into it for the money sake, which means they literally don't see other opportunities outside the airdrops they are doing. And why is that?, It's simply because they are not knowledgeable about the crypto space and are not into this research thing. These two things alone can differentiate two individuals(maybe you @OP and someone who just taps).
But regardless, it's still okay for us as Nigerians(because I assume the thread is for us) to participate in airdrops as everyone really need money these days, but getting extra knowledge, maybe through research or from people with experience, will even open further opportunities aside airdrops. The crypto space is very broad, and airdrop happens to be a part of it. We can't discover and maybe enjoy the benefits of the other opportunities when the knowledge is not there.
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.
https://talkimg.com/images/2024/10/15/8JIUo.jpeg
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.
Let me rephrase it if u want to help a person for a day give them money but if u really want help person teach the person how to make money . Just like this saying don give me de fish , teach me how to fish. If u give person crypto u just help de person for a day bcos de person go still come bk come dey ask for more after spending de one u gave to him earlier but if u teach de person Abt Bitcoin u don better de person live forever as de person go dey independent. Bitcoin is de last hope for de poor in escaping poverty so if u teach a poor man about Bitcoin u are eradicating poverty but if u come dash poor man crypto u are increasing poverty.so we should always try make we teach people how dem go take make wealth on there own so that dem fit gain financial freedom. https://talkimg.com/images/2024/10/15/8JIUo.jpeg
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.
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.
Then as for the role played by the forum in acquiring knowledge about the crypto space, I think you were spot on when you said that those that has grew their account has attained a higher knowledge of how the crypto industry works, yes it's true because the forum has actually enlightened me the more on cryptocurrency and most importantly on security.
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