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Topic: Knowledge is the New Gold - page 3. (Read 794 times)

full member
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June 10, 2024, 01:39:56 AM
#55
Knowledge is power and as a matter of fact we need more knowledge to succeed each days as we journey along in the cryptocurrency space, alot comes onboard each day and we need to keep updating our knowledge banks to meet up with such demands.


Seems that knowledge is the most important thing even much more important than having the finances, because finances without knowledge will equal to zero on the long run since an unknowledgeable fellow can't control or secure his asset properly.

Of course knowledge is required in all aspects of life, more especially in this crypto space because if you don't have the knowledge about how crypto investment works, definitely you will keep experiencing lose in the market all the time. but with the help of knowledge we can be able to understand how crypto investment works, and also the strategy to take when making investment so as to avoid experiencing lose in the market
Absolutely right knowledge is always the key to success because without knowledge in this crypto space one would just end up losing his/her assets everytime time because once you are knowledgeable on anything you are doing you we see that you will be able to manage our assets and over come any obstacle that would comes your way during your investment because although investment without knowledge is really equal to zero.
sr. member
Activity: 392
Merit: 277
June 10, 2024, 12:59:45 AM
#54
I once worked as a technician in a mobile phone company before I became the manager. I would have to clear someone's phone memory, fix minor issues and charge for them. Some of these are what the people can do for themselves, but they lacked the confidence to do so. So, since their mind has already concluded that they cannot do it, it will look as if their brains are formatted not to understand anything again. When you have the knowledge, you will not know how important it is until you see someone else monitizing it.
this reminds me of my first year in the university. I wasn't knowledgeable enough to know that I could do all my processing including payment of my school fees all by myself and had to go to a cafe to pay my school fees for me. As normal, they charged me huge for it but ignorance wouldn't allow me think of the charge. I learnt about it in my second year in school and started doing all my stuff with my school but as usual, all freshers lacked that basic knowledge and we had to make a business out of it and run there school fees processing for them while we charge them less than what the cafe guys will charge them and life goes on.

Knowledge is power and with time you discover that most of the things you're paying for are things you can literally do all by yourself but you've got to give credit to those that have the skill and pay them for thier service. The alternative and better way of doing this is to pay for someone to teach you how some of this little things works so you wouldn't have to keep paying Everytime you're in need of such service.
full member
Activity: 490
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June 09, 2024, 04:42:31 PM
#53
Knowledge is something that is very important in life. With knowledge we can live more advanced and it is a necessity at this time, at least we keep up with current technological advances and with the knowledge we have, we can make life easier in this digital era.

Knowledge is very important and you have knowledge then you will be superior and that is one of the reasons they tell people to choose knowledge even before even investing we know what it takes to start making profit not only in cryptocurrency but generally even if it is business you need to still do your fundings before even the start up. There should be plans for every thing. And with the kind of devices we have now it has made everything very easy for us to get information we can have access to all the information we need from the internet. There is nothing new anymore you can even pick some ideas from the internet. And even have solutions to some of the challenges faced when doing business or even investing, you can make reference, we don’t know how powerful knowledge can be.
sr. member
Activity: 1582
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June 09, 2024, 05:40:38 AM
#52
This is why philosophers say Knowledge is power -- Hobbs.
Knowledge is virtue--Socrates.  No matter how small the knowledge is, it will come in handy someday. Even a little knowledge can save you from big danger. And knowledge is essential to protect your assets in cryptocurrency. Thanks OP for sharing this educational story.
full member
Activity: 308
Merit: 142
June 09, 2024, 02:38:11 AM
#51
So much i learned from the story you shared but i focus my attention on these key points. Every knowledge is not little even if we learned how to tie a know it could be useful to someone someday. I have been in an environment in my country where people pay to create a Gmail account so that they can right tertiary exams since it is highly required. And that is how i made much money from hundreds of people. What we don't know is greater than us no matter how little it is. Thanks for sharing this OP.
full member
Activity: 560
Merit: 100
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June 09, 2024, 02:08:38 AM
#50
Of course, knowledge is the supreme power by which we pass on everything.  Without knowledge, we are entirely immobilized.  Knowledge is needed to move forward in every sector of life.  We do various things with expertise.  The one who recharges more has higher knowledge.  In the world of cryptocurrencies, the most knowledgeable are those researching them for a long time.  If we have technical knowledge, we can do something.  For this reason, it is the source of all power.
We have power to either boost our confidence and that's where knowledge comes in. We can have accessible requirements to invest but without knowledge, that's merely like making heavy losses because you have no clue about the space. What can we do without adaption of knowledge? It's very important we watch our steps and always find means to stay true to ourselves and gaining strong grounds in the system.
sr. member
Activity: 1288
Merit: 231
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June 09, 2024, 01:09:01 AM
#49
Your friend took a screenshot of his wallet seed and uses a closed source wallet like Trust. Cheesy Unfortunately, most traders come from a purely economic background and do not want to learn the basics. Their only argument is that since I did not lose my money, this means that I am safe, so stopping using a closed source wallet like Trust is only necessary. Such as not saving the wallet seed digitally or in an unencrypted version, such as taking a screenshot of it.
If the wallet is well programmed, it will most likely not allow him to take a screenshot.

You are totally correct, that is why it's very essential to have the knowledge and the understanding of crypto and the wallets as well because without any knowledge of what we are doing, we might likely be doing things in a wrong way and can be harmful to us.

Crypto is not something we can just pop in like that without having the concept of it first and having the knowledge of it will be of more help to us.
full member
Activity: 980
Merit: 237
June 08, 2024, 05:40:50 AM
#48
Of course, knowledge is the supreme power by which we pass on everything.  Without knowledge, we are entirely immobilized.  Knowledge is needed to move forward in every sector of life.  We do various things with expertise.  The one who recharges more has higher knowledge.  In the world of cryptocurrencies, the most knowledgeable are those researching them for a long time.  If we have technical knowledge, we can do something.  For this reason, it is the source of all power.
Knowledge is the precipice on which civilizations were built and have come to exist. It is power but it is the application of knowledge that we know that is called wisdom and it is the hand that wields the sword of knowledge.
The Holy book would even say, in Proverbs 4:7-9 from the King James Version (KJV),
"Wisdom is the principal thing; therefore get wisdom: And with all thy getting get understanding. Exalt her, and she shall promote thee: She shall bring thee to honour, when thou dost embrace her."

Bitcoin is a wise choice and anyone who knows and understands as much as apply the knowledge to making good returns from it, will rank among the wisest of their time and we know that wealth is a result of personal growth and value.
newbie
Activity: 239
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June 08, 2024, 05:07:47 AM
#47
Knowledge is something that is very important in life. With knowledge we can live more advanced and it is a necessity at this time, at least we keep up with current technological advances and with the knowledge we have, we can make life easier in this digital era.
sr. member
Activity: 1400
Merit: 420
June 08, 2024, 03:16:30 AM
#46
Of course, knowledge is the supreme power by which we pass on everything.  Without knowledge, we are entirely immobilized.  Knowledge is needed to move forward in every sector of life.  We do various things with expertise.  The one who recharges more has higher knowledge.  In the world of cryptocurrencies, the most knowledgeable are those researching them for a long time.  If we have technical knowledge, we can do something.  For this reason, it is the source of all power.
sr. member
Activity: 420
Merit: 376
June 08, 2024, 01:57:13 AM
#45
Knowledge is power, without knowledge man is weak. Knowledge means having theoretical and practical knowledge about a subject. Those of us who work on this forum or in the crypto space must be wise. Because if you want to work on this forum or invest in any cryptocurrency token then you need to be experienced or knowledgeable about that.
Knowledge is needed in all areas of life.
OP you mentioned your friend saved the trust wallet seed phrase as a photo I wonder how he did that? (Currently that is not possible). There are many wallets whose seed phrase cannot be stored in photo form. There are many people who cannot save the face of their wallet properly due to lack of adequate knowledge due to which they get cheated in many ways and even lose the funds in their wallet.
member
Activity: 252
Merit: 37
June 07, 2024, 04:41:33 PM
#44
Knowledge is power and as a matter of fact we need more knowledge to succeed each days as we journey along in the cryptocurrency space, alot comes onboard each day and we need to keep updating our knowledge banks to meet up with such demands.


Seems that knowledge is the most important thing even much more important than having the finances, because finances without knowledge will equal to zero on the long run since an unknowledgeable fellow can't control or secure his asset properly.

Of course knowledge is required in all aspects of life, more especially in this crypto space because if you don't have the knowledge about how crypto investment works, definitely you will keep experiencing lose in the market all the time. but with the help of knowledge we can be able to understand how crypto investment works, and also the strategy to take when making investment so as to avoid experiencing lose in the market
hero member
Activity: 910
Merit: 507
April 04, 2024, 06:41:37 PM
#43
Knowledge is power and as a matter of fact we need more knowledge to succeed each days as we journey along in the cryptocurrency space, alot comes onboard each day and we need to keep updating our knowledge banks to meet up with such demands.


Seems that knowledge is the most important thing even much more important than having the finances, because finances without knowledge will equal to zero on the long run since an unknowledgeable fellow can't control or secure his asset properly.
member
Activity: 533
Merit: 60
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April 04, 2024, 04:16:00 PM
#42
We need more education about digital security.

There are still so many unaware of the risks of storing seed phrases online, underscoring the knowledge gap that exists even among those who are involved in this space. This technology can provide us with incredible opportunities, but it also comes with its own set of challenges that we must be prepared to navigate.

Even though the information needed to solve the problem was freely available, people were willing to pay for someone else’s knowledge and experience. It only means that in our information-rich world, the ability to effectively use and apply information is just as valuable, if not more so, than the information itself.

Every year information and knowledge develops rapidly, sometimes without a teacher we can learn more by self-teaching and without waiting a long time we can master something we want to master, the important thing is there is a desire and intention to learn. Talking about information cannot be separated from the name technologist, currently people's goal in mastering technology is to be able to gain profits in the form of money through various sources of technology, currently there are things from YouTube, blogs, fonts and I myself am currently more interested in Bitcointalk because You can part time, you don't have to stay up late every night to do this work, the important thing is to be consistent and confident in everything you do, if this intention and belief are combined, everything will be successful. After posting, we also have to look for more references from other friends' writings to add to our scientific knowledge.
legendary
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March 31, 2024, 03:00:53 PM
#41
I once worked as a technician in a mobile phone company before I became the manager. I would have to clear someone's phone memory, fix minor issues and charge for them. Some of these are what the people can do for themselves, but they lacked the confidence to do so. So, since their mind has already concluded that they cannot do it, it will look as if their brains are formatted not to understand anything again. When you have the knowledge, you will not know how important it is until you see someone else monitizing it.
hero member
Activity: 2268
Merit: 669
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March 31, 2024, 01:33:15 PM
#40
This is what I always say about knowledge which is knowledge is power. Even in the game I played years ago which also show a saying before I can start to play which is the same "knowledge is power". I kind of like the idea of your friend when he ask the person to pay him 30% of bitcoin as his fee for doing it which I have done the same thing myself although it was something else (not crypto related) which I earned money by doing things that I know which the person ask me to do it didn't know.
full member
Activity: 1414
Merit: 236
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March 31, 2024, 01:30:15 PM
#39
Knowledge is profitable, which you can see it with your friend you helped to recovered his coins and he has learned some thing positive from you also that will add more profits to him when he solve some issues like this in the future.

 I guess many people are still storing their seeds phrase on their phone despite some stories about some people that lost their phone that carry all their wallets that contain millions of dollars because they feel storing the seeds phrase on their phone is more convince for them than writing them down.
legendary
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March 31, 2024, 12:25:47 PM
#38


Whoops! The fee might be big that he had paid for just moving his bitcoin, the bigger the holdings he has on the same side he had to pay the fee. Well interesting or sad thing is that as you are saying/aforementioned that he wanted to start a business with that amount he had paid in the form of a fee. Sometimes these things happen uncausally at the undesired/unwanted time but what we can do although we should save our seed phrase our keys offline somewhere at secure place.

Well, I am still confused about the story you shared I mean did he receive the amount from an unknown address? If that so it can be a dusk attack as which in a result his full amount could be compromised by this attack. He did well as he transferred his amount to another wallet but the seed phrase is still the same. This is all I am asking as I did not get your sayings well and if it was a dust attack so I said all these things accordingly.
legendary
Activity: 1792
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March 31, 2024, 12:04:20 PM
#37
He told me that wouldn’t be a problem since he had his seed phrase saved as a photo in his phone.
Was he waiting for this photo to leak onto the Internet from his phone?

Anyway, he successfully imported his seed phrase to Electrum and was able to move his bitcoins with less fee.
I hope he figured out, just in case, to create a new seed phrase (in no case saving it in the photo) to the BTC-address of which he moved the contents of the old wallet.

What’s fascinating about the story is this. I got a text from him this morning that someone has a similar problem with his wallet and he needs my guidance once again to help this person. He then told he charged 30% of the bitcoins as his fee. I laughed because I thought he was joking. But he wasn’t. He’s actually thinking of making a business out of this. Turns out that people will pay for things they can do by themselves if they had the right knowledge. 
There are 2 solutions here:
- either spend time searching for knowledge and learning, but save money.
- or spend money on those who spent time searching for knowledge and learning, thereby saving your time.

Depending on the situation (on excess time or money), the choice of solution will be different.

In your story, you focus on something completely different, but your friend still needs to learn a lot before making a business out of knowledge. I left a couple of comments about this a little higher

Don't forget to remind your friend that he owes you "30% of the bitcoins as his fee" for your past help. Well, this should be quite fair by his standards. Smiley
member
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March 31, 2024, 10:31:13 AM
#36
Because Bitcoin is a controversial something that needs to study very well otherwise you end up loosing alot of funds from scammers when you want help from them.
We need help because we're still growing and there's no limit for one to stop asking for help. Knowledge is consider the first tributes to be in possession of as a trader, learn to keep things roughly tightly and ensure everything comes with different grades. Bitcoin is important for the existence of cryptocurrency and we have investors that doesn't give any concrete information about the project because they have other assets that's doing the up and long runs for them so they're not affected by the huge pumps and heavy dump.

You're absolutely right, is just like during examination period if you're this lazy type that does not take his/her studies serous probably at the end of the semester you won't make it up, why those who where busy studying will come out with flying colors, the same thing applicable in the crypto space, you need to take your time to study very well before looking out to any other things. However in terms of crypto trading knowledge is considered as one of the tribute, if you don't have the knowledge there's no way you're going to know what to do, in the process of thinking on what to do probably you might end up in the hands of scammers.
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