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

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.

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.

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.

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.

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.

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.

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.

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.

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 .

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.

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.

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.

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.

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.

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.

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.

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.

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.

It is critical to familiarize yourself because you will soon require everything that you will require in the experience, making things easier because there is no way that you will not require advice from experts, and the experience you will gain from learning is very important because you will be learning every day, and choosing exactly what you want is critical. I used to not take mentorship seriously, but now I do. When you are willing to learn from them, you will learn very well, which is quite crucial since you will make few mistakes.


This is not something new, and when it comes to choosing, I believe that everyone should go with bitcoin because it is one of the safest currencies. I recommend that everyone invest in bitcoin because there are many opportunities that bitcoin provides, and since it is the driving force, it is best to go with it. Having faith in bitcoin is what I have ever known since I know bitcoin.

one thing we have to take in to consideration is the fact that some people don't wanna have the knowledge, they just want to invest and mind their business. So we that's into crypto 100% should take it serious and upgrade on it. So we can guide those investors that only want to invest for profit only.

Have knowledge about day to day signal and advanced knowledge in crypto is a plus for all investors and holders. It will build your mindset on how to be patience and not to be panic during the bearish market. This is where you will know those who are advanced in knowledge in crypto.  Is during the bearish market.  The weaker investors will withdraw what's left for them while the knowledgeable ones will buy and hodl till bully market.  That's why one need to understand how crypto work.

To familiarize yourself in the crypto space, one should emphasize the need for research before investing and have the mindset of taking adequate advice from experienced seniors. Those investors tend to regret those who fail to choose the right crypto for a short period of time based on limited knowledge and tend to get more profits. The greed for getting more profits can deprive an investor from the tendency to get high profits such as the traps of various online-based promotions and lack of advice from the right people which leads to huge financial losses.

An investor should develop the habit of choosing the right crypto and depositing in stages to avoid regrets and buy more in every downtrend to take their capital to a decent level in the long term.

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  )

This is true. Every system has a way before one can be successful in it. Cryptocurrency is a form of skill. You choose what you want to study and learn it. It takes a longer period to be able to master the skill and start being successful in it. However aside from having the skill, one needs to have capital. Just like any other skill or knowledge cryptocurrency is not designed to generate capital. But I can make even the smallest capital turn into huge results/profits.

The good thing about going for knowledge is that its always there in us. Going after profits will only last for a short time and we will consume the profits. But going for knowledge will enable us to be able to generate profits on a steady basis even after consuming it the knowledge is still there.

That's just the fact, ordinary as a person you don't to reap when you have not sowed, every success have a story, knowledge has a lot do with individual crypto activity and I so much believe that if you must grow in this space you must undergo some level of learning and experience, as a person who is still growing, I have learned from this advise of your, life is a gradual process and we must be part of that process to enable us get where we admire to be, the crypto space needs very careful minds to avoid being victim of circumstance.

You're right mate, having the knowledge is more profitable than receiving from someone that is profiting through his knowledge in crypto. The receiver should rather go for the knowledge and be happy forever.  That's why we must be grateful to anyone that introduced us to cryptocurrency be it your junior or senior, you own him everlasting loyalty because your wealth will be forever. Imagine how our children will benefit from us, they will inherit a good fortune that's more than a land properties. Crypto to me is a lifestyle. Having the knowledge of crypto is much than any degree you ever had. Applying it is a fortune.  Because you many have the knowledge and not Applying.  Like buying coin and hodling it for long. If you have the knowledge and the application ability then You're a self made man.

Yeah it’s just like the popular saying “don’t gimme the fish, Show me how to fish”. Giving one crypto might only solve the problem of now but further problems the person starts looking for help again. Teaching goes a long way, helping the person understand the world of cryptocurrency and all it’s benefits. He can now have a means of survival and sustenance.

In crypto, you need to read wide in other to be able to understand what you are doing, digging deep in the knowledge of Bitcoin is very important and paramount in other to be able to have a good post that will build up your portfolio,and make you grow .
Knowledge in cryptocurrency is practical which easily expose you to various ideas and ways of doing things,that is why the knowledge can be transferred from one individual to another without much difficulty for those that are ready to learn,and because of the practical aspect of cryptocurrency made it grows rapidly because it is open and not restricted to a particular group of persons or Age , knowledge they say is power, therefore without knowledge of cryptocurrency we can do nothing, also in the aspect of its investment,and other areas of our lives, because it is the knowledge of some group of people we are enjoying like Satoshi and others.

Something seems different ohh you have changed yah avatar couldn't even  recognise that it  was you guess am already used to that previous character, well back to the topic the reason why even posted this image is because of the writeup, not because of the person that wrote it , because in this space we need proper knowledge to grow in it .

Yeah shitcoins not something one should recommend for anyone , instead recommend Bitcoin so that they can be in a safer side because shitcoins most time will just get you rekt .

I just want to respond to what the image you posted is saying as the discussion here is now about Bitcoin and the industry (crypto). I'll have to turn that statement by CZ around. Make we no dey take everything wey this men them dey talk serious because they're mostly just trying to promote their projects by downgrading Bitcoin. Isn't it the same man that said CEX is better than DEX?. Better you give a man Bitcoin than altcoins. With altcoins you have no assurance so how then are you setting them for a life time by giving them something that can make them go completely broke in matters of hours. With Bitcoin, by just hodling, you done set for life be that but it must be a better quantity.

You can not do anything without studying if you really want to do crypto some people they think say the thing they easy, but not at all you can only be successful when you have the knowledge, studying is what discourage a lot of people from investing. And this one is even better than studying in the university because at the end of the day when you take things seriously you make money unlike universities that you finish from and the next thing will be you looking for jobs.

A lot of people's eyes are opened already and I don't think people still see bitcoin as a ponzi in this period when people that understands the market are making money, and this may be that they see other people doing very well when it comes to investing in bitcoin they always feel that they can make quick money and they don't know that it takes a little time for you to master the craft of become a successful trader or holder in bitcoin your outcome will be determined by you that is how bitcoin works.

This analogy is not only directed to Bitcoin or crypto if I may say, but it is general, as it could be applied to all endeavors of life, which Bitcoin ecosystem is not exempted. Hence, bitcointalk as a forum has given us the privilege to learn slot about Bitcoin, and not just only about Bitcoin, but the crypto dynamics in general, of which I can boldly say I am a good example of why it's good to "learn how to fish, rather than beg for fish" which happens to be a popular Nigerian slang used daily to relate this kind of situations. So, as an experience person who has been on this forum and our local board, the best advice I can give to our upcoming Newbies is for them to strive for knowledge about all they need to know about Bitcoin and the forum, and stop putting in much energy into focusing on airdrops, as gone are those days when it was actually profitable.

Note: Learn Bitcoin, Buy Bitcoin and Hodl Bitcoin.

Learning about crypto currency is something that you would definitely not regret, this might take some months or years to understand. Instead of chasing signals or trying to look for quick ways to make money from the crypto space, go for knowledge this would pay off. Crypto provides you an opportunity of a lifetime only when you understand the dynamics of the market. Rushing into the market without proper understanding of it would only make you lose a lot of money, study crypto like a course and dedicate some time to it before you think of investing.

It very good wey be say anything pesin wnt do for this life you should try get basic knowledge about it, as I dey see am now, cryptocurrency dey very large, pesin can jump into crypto today say e Don sabih everything today that one nah false,  you most pay attention, make ur own research and also ask questions from people who dey game for long that's wat I think can make pesin perfect, me too I don't know I still dey ask,
   But waiting I dey talk is that mst of newbies wey dey registered account new,  they mostly discourage wn dey ask questions and em see say pesin wey dey hero, legendary level criticise em dey easily discourage, em go dey feel like dem no sabih, and one of the basic aspect of learning is to ask questions, waiting you don't know, waiting I dey suggest now is that when a newbies make mistake our elders here can correct em in encouraging way so that make dem no feel discourage.

Of course it is a proven statement and there is strength in the statement. In different areas of the world if you don’t have knowledge then you will achieve nothing and will be easy for those with knowledge to step on you. Same it is in the crypto world, without knowledge you would be an easy target and become victim to a lot of scams deceptive strategies. Knowledge doesn’t only protect you from these deceptive tactics but also exposes you to the numerous benefits crypto can offer. To be successful one must be willing to seek knowledge it is these knowledge that will open doors of opportunities and possibilities for you.

I love the write-ups in this image honestly, it enlightened people on how to properly empower others, it's not just about giving someone fish to eat today, the person would still be hungry tomorrow and still come begging for fish again. The best way is to teach the person how to catch the fish by himself and you've given him something special and what would sustain him for a long time.

Notably, it's not only the willingness to teach the next person Crypto that's enough, but the willingness of the newbie to learn. It's very difficult to empower someone who's lazy minded and not totally open to learning and that's why I never recommend doing such for free, demanding some fees no matter how little keeps the learner in check because he's losing something if not taking it seriously.  Unless you're convinced the person is really worth the favor, I'm not an advocate of free coaching due to my experience with people attitude regarding free packages.

Finally crypto involvement needs some sort of capital involvement. So the newbies should have some steady income source in order to engage profitably in crypto activities.

There is always a reason for the saying knowledge is power and that's because  if you lack knowledge about something you would be disadvantage to the benefits of that thing and that's same case with crypto knowledge,  if you have the wrong perspective about crypto then instead of the knowledge creating benefits for you it would rather do the opposite and wreck you.  The crypto space isn't some place that one would come into with the wrong thoughts and just like the OP said many just come through stories of success which some of all are just merely make believe.

Yes people faces fit dey different and na so their passion fit also dey different. But e no mean say 2+2 no go still be 4 for two of them regardless of their differences. No matter how different people dey, e get some success formulas wey go still yield the same results to them when them apply am. If Banker and Brick Layer both buy Bitcoin with 300k today and both decide to HODL am for the next 20 years, although them be two different people with different career goals and different line of hustle, the result of their investments go still dey the same. So e no really matter the difference in personality, as long as you go fit just educate them about Bitcoin and them pick interest and start, the result go just dey the same.

And concerning your illustration of dashing person motor without realizing whether or not e fit maintain am. Yes wetin you talk na true, but according to the image, if you dash person motor, you no dey help am for a lifetime, you don only help am that day, so even if him sell am, e go still use the money to better him life for that day, but when you teach the person how to carry get resources to take buy motor and how him go also carry maintain the motor, and the person successfully learn am, nothing go make the person sell the motor when e eventually buy am because before e even buy am, e go don dey sure of resources to carry maintain am. So I dey of the opinion say wetin CZ talk for the image dey absolutely correct.

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.

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.

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.

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.

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.

Their are people who still refer to Cryptocurrency in general as Bitcoin and I always try to correct and teach them that Bitcoin falls under Cryptocurrency and Cryptocurrency is the general name for all digital currencies and I think you're right cause most of the people that I've corrected are airdrop miners on telegram, majority of them have zero knowledge about what Cryptocurrency is all about, they're just focused of gathering different airdrops which most of them refer to as Bitcoin then make huge money when they're being allocated the airdrops. However their expectations have been cut short based on what occurred with Catizen and Hampster airdrop projects I don't really blame them though cause they're ignorant of informations about Cryptocurrency but are just airdrops opportunists cause if they have knowledge lots of them who benefitted well from good airdrop projects like Notcoin and Goats would've converted and invested their allocation into good Cryptocurrencies like Bitcoin but on a second thought I wonder how they'll continue to invest periodically since majority of them saw those projects as a hunger alleviation scheme base's on the current economic situation in our country.

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.

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 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.

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 .


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

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.

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.
 

Person fit dey invest in bitcoin with the little money wey e get after him don take care of eveey responsibility wey he get. Some people no understand say, you no need too much money before you fit start to invest in bitcoin and na e make them never start their bitcoin investment journey. But with the basic knowledge of bitcoin, e go help many know say, na them dey draw themselves back from entering the moving train. One good thing about bitcoin be say, you fit dey invest small small and dey learn more about bitcoin at the same time.

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.

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.

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

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.

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.

I just think CZ has said it all, in this crypto space, knowledge is very much key, that's why I always believe that you will only get what you deserve, if you have a whole lot of money in your account and you choose to dive into the crypto space without attaining knowledge required, you will surely get what you deserve, either by falling prey to scammers or by investing in shit coin that will make you lose a whole lot of money, so knowledge is very much paramount in the crypto space.

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.

if you never de ready to learn and gather as much knowledge as there is to be gotten for this space, then you no go fit benefit well for this space. The thing be say, at the start e go just de like say you never really know much and say wetin you need know de too plenty for you to know over a short period of time. If you reason that way, you fit easily give up on the forum and just focuse on minor things when no go really help you become knowledgeable about crypto and the industry.

The best thing you need do na to take am a step at a time. Even if you never know anything about crypto, just de learn am one by one. Before you even know, you go don master a lot of things when fit de deficult right from the start. Another mistake most newbies de make when I feel say I follow make na say them de rush de go teach others when even them never sabi the thing well. The forum de open for you to learn first and when you don gain the needed knowledge, you self fit also teach another person. But no be say you never learn you wan rush go de teach other people as boss when you be.

I no de against aidrop oh, but when I reason say if I use that time I'm investing into airdrop in gaining my knowledge on crypto and learning more about the forum and even building my account on the forum, e make sense pass the airdrop thing and e de obvious say e no really worth am to de invest too much time into the airdrop thing like that. Knowledge will always beat quick money.

It's more reason why I keep trying to advice people here on the forum that being a member of BitcoinTalk and having grown your account is a huge advantage compared to anyone else out there trying to learn crypto. You learn at the same time manage to use your knowledge to earn. Without knowledge you won't grow that's how I know that accounts here on the forum whom have ranked up are people with knowledge of the crypto space. I like the quote from cz as it actually portrays a lot. Learn before your earn. Some people just jump into the crypto space because of how they overheard someone making good amount of money. They didn't bother asking what was his first approach to this before he had made it.

I think that this statement on this picture may not be totally true. And doesn't resonate with the body of content , But wetting I fit tell you be say our elders say "colanut dey last long for the mouth of person wey value am".the best thing wey I no say you fit do for person na discover person destiny and help him carrear to succeed. Everybody no fit do bitcoin. As People faces dey different so their desire and passion dey different. Crypto currency fit be the best but to some E fit still not be the best to dem because the side of hustle the person dey into. My own be say before you help person ask am Wettin him/her dey good in. Then you fit help am for that aspect to do well in life . Giving person crypto according to this your image be like to dash person motor and you no even wan consider if him go fit maintain am. You fit give person crypto as the best thing but if steady means of income no dey, him go still sell am so I disprove that statement. The best thing to do for person na to discover his best part to succeed, after which you fit introduce am to cryto as an investment to adhere against the future.

Knowledge is profitable to direct, but becomes effective when put to work at the right direction.

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/

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.