Topic: Knowledge is still power in cryptocurrency - page 3. (Read 1523 times)

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.

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

The image you posted and what you said in your thread is quite different i was thinking you will emphasize more  about the image but you kinda deviated from it. of course cryptocurrency, bitcoin to be precise is not a get rich quick scheme it has to be a long term investment because only then will they see or get something ( profit ) from there investment though some people trade and gamble it and still make profit and also incur loss sometimes. in my opinion, too much knowledge is not a criteria for a success in investment rather what matter the most is how discipline you are of course make sure you have your back up funds in case of unforseen circumstances.

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.

You’ve done well with your writing and in as much as I believe that, knowledge is key, I also believe that, in the cryptocurrency industry, knowledge without actual money is a waste and this is because, a lot of opportunities are flying and if there is no money to grab an opportunity, despite all the knowledge acquired, then the knowledge  becomes almost worthless.

I think from my own perspective that, while trying to gain more knowledge of the market and the cryptocurrency industry, you should also try as much as possible to have money so as to grab the opportunity that might come along the line.

As long as we Dey alive we suppose to Dey learn and that very learning no Dey excluded even for here because na everyday made Dey discover something for this industry.

Talking about this Notcoin and tapping games that happens on telegram it really bring a lot of people to the crypto world which most of them will like to expand their knowledge behind above just tapping by exploring and getting to know things which is not shared in the tapping group.
 
While some will get discouraged and disappointed based on the result they will get after wasting all their time tapping and get rewarded with peanuts, they end up spreading fake rumours about crypto at large, forgetting that they got disappointed based on the too much expectation they have on the project and they got fucked up. 

Indeed knowledge is power. And getting a full knowledge as a new investor is very important you must not go into investing without a good knowledge and a good mentorship getting a mentor also isn't a bad  idea someone who can put you through and educate you and is because if your not well educated you won't be successful and as a new investor you most be a fast learner don't just go into bitcoin without  getting a full knowledge on how it works don't calm to know too much because no one is above learning you learn from others mistake also I thought as much also thinking it was easy but it wasn't if you calm to know too much you won't learn anything

That's what is affecting folks that are new to this space , especially the ones that came into this space due to notcoin and stuff, and that's why most folks easily giveup in this space, why because they are going for money alone , without knowing that without knowledge you won't be able earn or make it big in this space .

All they want is to get rich quick overnight just by tapping their screen and stuff, without knowing that they are more to crypto than tapping your screen.

knowledge is key and very important in every thing that we do, it's also in crypto most people are still only concern about making money from the crypto space but lack the fundamental of crypto currencies I will huge everyone to get the basics of crypto as it plays a crucial role in your journey into the world of crypto

I don't think some one will go and venture into what he/her has knowledge about even traders selling commodity before going into any business you first of get a proper knowledge on how a particular business works if not there will be some much lost alone the line, as for Bitcoin investment if there is some basic knowledge and the money is there to start Bitcoin investment you can get started and learn more along the line meanwhile you have already started accumulating Bitcoin to avoid further procastination of getting full knowledge about Bitcoin before going into it some have some good knowledge before Investing into anything in life both online and offline is very important to avoid making much mistakes.

No be lie at all, I been dey think sey I sabi something for crypto until I enter the forum.
My experience here changed the narrative and my mentality, meeting people of divers capacities and knowledge here in regards to the crypto space made me realize that I don't know anything yet.
I really thank God I'm in the forum now where i can learn and diversify my knowledge in regards to the crypto space, I've also learnt some knowledge about Bitcoin and I know I have so much to still learn
I really thank God for this space and I'm open minded to learn and willing to listen to anyone than can teach.

Crypto indeed no be layman something, if you don't know you won't grow and if you don't grow you won't blow.

Anything that involves money is not meant to be easy and it is always filled with plenty process and principles especially when it comes to crypto and this are part of the reason why people assume that crypto is hard. And having a good knowledge of crypto helps a lot because every step will be easy for you to make decision and buying and selling which is spot is very easy but when it comes to selecting does coin how do you do it because that is the problem the moment they do buy and sell they think they are already a expert in crypto. And their more in crypto and the best advice is that you can not do it all so it will be better to just select the few you can do and just do it,  just like they say jack of all trade master of non so it is better to just choose a particular one and focus on it.


Having a good knowledge of how the system works its actually very okay because most people fail to start from the basics and without the basics the advance will be useless because when it comes to crypto you can not jump steps so is better to follow the sequence. And from the knowledge you get you can apply it physically then when you consistently do this you will gain more expertise because their some thing you will learn on your own thats because of the experience you will get. Most people when they start their focus is always on the profit.

We know that the main thing is to make profits but it just don't happen that way, it take patience to be able to start making profits when you are an hasty person then crypto is not for you.

This is very factual, we grow our knowledge everyday of our existence here on earth in whatever we are doing unless we aren't serious with what we do, yea knowledge is everything but we must start from the basic to get to where we want to be, what we need is determination, some person has remain at the level of the knowledge they have just because they fail to step up their games, pride has also been a problem to many people and because of that they have been unable to get the knowledge that's supposed to be impacted on them by some folks that knows more than they do.

No knowledge is a waste though it all depends on individual, people may ask what about having the knowledge of funny or bad things, what I will have to say about this one is that, as an individual, we can differentiate between good and bad and beside you don't put everything you know into practice, that's what makes you an intelligent animal, the ability to know whats is good and bad is differentiate you from other animals

Relating this to Bitcoin, yea knowledge is power but you must start from somewhere before you can fully be knowledgeable about some stuff in it, though we can't know all but by gradual process we can get to a reasonable extent where we can say we are bitcoiners to it's fullest.

A great rapper once said, that knowledge is indeed very powerful, but becomes powerless when you fail to acknowledge it, I never forget that line of his because it hits differently, just like you’ve said, we need knowledge in every field of life and the knowledge is available for us, but the reason why most people fail in their endeavours is due to their failure to acknowledge the available knowledge that’s been made available for them to succeed, and when this happens, it becomes impossible for one to succeed.

Some have even acquired the knowledge but fail to apply the knowledge they acquired, maybe because they do not understand what powerful tool they possess or maybe just naive and in such case, no matter the amount of knowledge at your disposal, it’ll be difficult to succeed in that field.

Most people see the crypto space as a place where you just invest and after some time you get some profit they don’t understand that you need knowledge to survive in the space. In everything we do in life without knowledge we will achieve nothing and so it is in crypto, if you don’t have knowledge about crypto you will not achieve anything and your investments are likely to be worthless.

You no fit just de wait for person to teach you everything, na just the basics people go teach you na you go take the responsibility on yourself to seek more knowledge to increase your chances of success. You need to carry out research on your own pick up any little information that may help you from any where you can because no knowledge is a waste and they may come in handy.

E make sense my brother, but the forum space Wey you they see, is very large, anybody wey come go learn wetin and leave they no go still gather the knowledge Wey they this space say they don’t do know everything finish, because ma different things full the crypto space, wetin people they do be say, you just learn wetin carry you come the forum, but you no fit learn all the parts in the crypto space.but learn wetin you want do, if na trading you gojsut learn the trading.

You have said it all. Many people don't understand cryptocurrency market and because other people are making profit from it and they decided to join the market. Cryptocurrency investment is mit a get quick rich scheme but it is a patient and endurance for long term. Before anyone invest in cryptocurrency, he has to read more about how it works. And if anyone is interested to invest it is better to invest in the bear market and start the DCA method from there and not buying from the bull market and starting the DCA method. That should be a wrong advise.

And some people enter the market with small knowledge they got but it is beyond that basic knowledge but it is good that the basic knowledge is there before more learning should be added.

Yeah, you've just said my mind, it's only about Crypto but a general knowledge about life and the things involved in it. Currently, it is what you know and sometimes who you know that would set you on a high standards and differentiate you from your peers, however it doesn't end with knowledge alone but understanding what you know cause in the world of Cryptocurrency their are people who know about Bitcoin for instance but they don't have an understanding about it and it's concepts, that's why they make errors by investing wrongly, some would even use wrong methods like trading to accumulate Bitcoin, relating it to short-term goals and even referring to every other Cryptocurrencies as Bitcoin, all these errors I just mentioned is why people shouldn't just settle with knowledge alone but understanding what you know so as to be on the right path concerning it. However, their's no doubt that knowledge is power but understanding what you know is the key to being more powerful.

Every sector of life needs knowledge,e no get any particular set of people wey dey excluded,as long as you are still in this life,and you still dey breath,you need knowledge to keep going,na that knowledge go make you move from one step to another step.
No matter how the thing looks as if it not important,one day,the knowledge will still be needed and iy will be useful then.Thats why it is adviceable to read all the time,mingle with new people who can bring vital information to the table.

Cryptocurrency might not be as easy as many young people take of it. Learning and understanding the deeper part of crypto goes beyond just taking short trades or long trades or going into investments of any kind being it the dollar cost averaging or the lump sum. It also involves leaning and understanding how to develop on blockchain networks, how smart contracts work, exploring advanced topics such as decentralized fiance often known as DeFi, tokenomics among other aspects of the blockchain technology. It's an all encompassing field of study that requires not only your time but patience and perseverance to understand and practice.

Studying cryptocurrency and how the system works is one aspect, the other aspect is the experience. When it comes to the crypto space, you not only gain the experience, you also get to truly learn the in and out of how the crypto works through practical application of the knowledge learnt and from the experts. This aspect is as crucial as the first part of studying. It is in fact more effective than the learning because you get to experiment the whole thing while taking the risks and gaining the emotional stamina to try out bigger things.