Topic: Knowledge vs hodlings - page 12. (Read 2594 times)
Knowledge is really important when it comes to investing in crypto if you don't have enough knowledge about crypto you will be at risk. Research the market well before investing crypto investing is not easy there are many technical and financial issues that you need to learn first. Research is especially important for new investors you may find it hard to believe but it is also a fact that there are no real crypto experts at all. Since cryptos are very volatile no one will be able to accurately predict their value. So if you mind your own research it will be easy to know about the market and increase your knowledge.
The common advice in the crypto space is to get knowledge before investing. That it is important to understand it as a whole before investing in Bitcoin. In reality, this is not what happens or how it plays out. How it works is that we heard about Bitcoin, invested first, and asked questions later. However, at what point should we say that we have had proper knowledge and understanding to go ahead and invest in Bitcoin. I think that it is when the individual feels that they are ready and I am also not against those who invest first and ask questions later. They'll learn the security , decentralization, and others on the "job".
Actually questions never ends and if you think that you have completely covered all the questions and now there is no need to ask anything then you are wrong. There are experts who also ask something because one cannot get whole knowledge at once as new thing arises which a person has to understand.
A person should invest through proper knowledge and whenever his mind feel something new then he can ask because there is no boundary of knowledge. Now it is important that you will get the important knowledge about crypto, its Characteristics, volatility and strategies prior to investment then learn more knowledge when you do investment.
so newbies out there do not rush into buying Bitcoin without first understanding Bitcoin which can even be done by engaging in important discussions on the forum expecially those of experts and experienced investors. remember knowledge is power.
You’re also a newbie just like me and you said something about joining discussions and yet you hardly ever reply any of your threads it looks like all you do here is to drop a topic and then move on to the next on you don’t reply to comments on your thread neither do you reply to other people threads all I see you doing here is to drop a thread behaving as if you really want newbies like myself to learn not knowing that you only just want to earn merits. Why don’t you take your one advise and join discussions yourself, remember knowledge is power.
Is Bitcoin hodling more important? well I have read a couple of post which always talk about owning Bitcoins which is definitely a good idea especially as someone in the crypto space however will hodling Bitcoin be important without proper understanding of Bitcoin and the crypto space? Of course not. Now before I got to know about Bitcoin talk I had heard a lot about Bitcoin and due to the vague information I had gotten without research I joined the group of person who thought Bitcoin was a get rich quick scheme or scam therefore I was limited by that idea. However joining this forum brought me a good sense of understanding of what the crypto space is about. Now my point is Bitcoin can always be owned as well the knowledge can also be gotten how ever it is of optimum importance to first understand Bitcoin because;
1. Understanding Bitcoin first gives you a more solid knowledge of security. and this is very important to avoid loss of funds.
2. It gives you a stronger sense of marketing especially for those who hold for sales during bull. it will give you the strategy of knowing when to sell and hodl.
3. It helps you understand the power of decentralization and it's benefits to you as an investor amongst many others.
Generally it takes someone with good knowledge of Bitcoin to scam or hack someone with hodlings so how can one counter Bitcoin fraud or asset loss without proper understanding of Bitcoin?
lastly you can always earn Bitcoins once you have a solid knowledge of it .you can even earn Bitcoins indirectly by teaching others or even running a local exchange and lots more. so newbies out there do not rush into buying Bitcoin without first understanding Bitcoin which can even be done by engaging in important discussions on the forum expecially those of experts and experienced investors. remember knowledge is power.
Good luck mate don't forget to keep your keys safe 😁
1. Understanding Bitcoin first gives you a more solid knowledge of security. and this is very important to avoid loss of funds.
2. It gives you a stronger sense of marketing especially for those who hold for sales during bull. it will give you the strategy of knowing when to sell and hodl.
3. It helps you understand the power of decentralization and it's benefits to you as an investor amongst many others.
Generally it takes someone with good knowledge of Bitcoin to scam or hack someone with hodlings so how can one counter Bitcoin fraud or asset loss without proper understanding of Bitcoin?
lastly you can always earn Bitcoins once you have a solid knowledge of it .you can even earn Bitcoins indirectly by teaching others or even running a local exchange and lots more. so newbies out there do not rush into buying Bitcoin without first understanding Bitcoin which can even be done by engaging in important discussions on the forum expecially those of experts and experienced investors. remember knowledge is power.
Good luck mate don't forget to keep your keys safe 😁
In general, hodling is something that doesn't need specific knowledge, since it even is not considered an "investment"... It's more a purchase of a valuable thing than an investment. There are risks if someone holds, however risks in cryptotrading are much higher, especially if the trader doesn't have much money, since transactions fee are a problem in deals designed for short-term profit. So, the only specific thing evey hodler must have is the amount of money which can be transformed into crypto (not too much and not too little)...
Firstly, when a new user comes to Bitcoin for the purpose of investing it is the most important thing for him to gain knowledge about it. The most basic thing is that when a user invests in bitcoins and holds those funds for the future, the first thing he does is to acquire knowledge about bitcoins. After getting good knowledge about Bitcoin, it will be best for you to invest, and you will get profit in the future. And if one jumps into investing without knowing about Bitcoin, then surely there will be maximum risk of losing money. Moreover, it is most important to know when to invest and when to hold and when to sell. And the last thing is to gain good experience about Bitcoin and later invest and try to hold it in a safe place. Of course, Bitcoin security is the most important.
The common advice in the crypto space is to get knowledge before investing. That it is important to understand it as a whole before investing in Bitcoin. In reality, this is not what happens or how it plays out. How it works is that we heard about Bitcoin, invested first, and asked questions later. However, at what point should we say that we have had proper knowledge and understanding to go ahead and invest in Bitcoin. I think that it is when the individual feels that they are ready and I am also not against those who invest first and ask questions later. They'll learn the security , decentralization, and others on the "job".
Actually questions never ends and if you think that you have completely covered all the questions and now there is no need to ask anything then you are wrong. There are experts who also ask something because one cannot get whole knowledge at once as new thing arises which a person has to understand.
A person should invest through proper knowledge and whenever his mind feel something new then he can ask because there is no boundary of knowledge. Now it is important that you will get the important knowledge about crypto, its Characteristics, volatility and strategies prior to investment then learn more knowledge when you do investment.
Experts are helpful, but even they are always learning new things. There is so much going on in the crypto world that no one has the whole picture. Just when you think you understand it well, something new comes along and surprises everyone.
Before you even think about buying, make sure you know the basics. Learn about Bitcoin's basic ideas, how it changes value, and the methods that experienced investors use. Remember, though, that NO ONE can ever say they know everything. Ask questions and learn new things all the time. And remember that the crypto world has made many people less sure of themselves before you.
Life is a time game. If you are kind of lucky you make it to 60 or 70 or 80
I am 66 with normal luck I will reach 84.
So this means I got 18 years to go.
the young you are the more time you have in general.
This means DCA and hodl for 10-20 years if you are 20-40 years old it is not hard to do.
If you are 66 like me a 10 year DCA is not that attractive.
BUT NOW YOU SAY hey I am 29 I want to do a 10 year dca .
you decide $20 a week is a number I can dca. well that is 52 x 20 x 10 = 10400 usd saved via the purchase of btc.
It is possible that the average increase is 10x so you have 104,000 usd worth of btc in ten
years. How do I do this? How do I make sure to buy it. HOW do I make sure to hodl it. lastly how do I make sure I do not lose access to the asset.
well that is the question. I can be sure about buying it or earning. holding it is hard.
It is never a bad idea to hodl as an investor except when loss is imminent how ever you can decide to reserve some Bitcoins for a family member to kick start their Bitcoin journey in the future I am sure they would be very grateful.I am 66 with normal luck I will reach 84.
So this means I got 18 years to go.
the young you are the more time you have in general.
This means DCA and hodl for 10-20 years if you are 20-40 years old it is not hard to do.
If you are 66 like me a 10 year DCA is not that attractive.
BUT NOW YOU SAY hey I am 29 I want to do a 10 year dca .
you decide $20 a week is a number I can dca. well that is 52 x 20 x 10 = 10400 usd saved via the purchase of btc.
It is possible that the average increase is 10x so you have 104,000 usd worth of btc in ten
years. How do I do this? How do I make sure to buy it. HOW do I make sure to hodl it. lastly how do I make sure I do not lose access to the asset.
well that is the question. I can be sure about buying it or earning. holding it is hard.
Also I wish you live as long as you want so you withness more bulls and be able to enlighten more newbies in the crypto space like us .
Don't forget to keep your keys safe 😁
The only wrong on hodling is when you see the price of bought coin is reaching its all time high but you still never decide to sell it and bearish situation came then all supposed to be profit is already gone. Years of waiting is wasted for that decision that's why its really better that aside for hodling you also need to be smart to take profit when needed so that you can earn for another round of bull run.
To many people regret not to sell when ATH seasons came and I'm sure that they will never do the same mistakes since its important for us to take profit so that years of waiting for our investment to grow gives us good satisfaction.
The common advice in the crypto space is to get knowledge before investing. That it is important to understand it as a whole before investing in Bitcoin. In reality, this is not what happens or how it plays out. How it works is that we heard about Bitcoin, invested first, and asked questions later. However, at what point should we say that we have had proper knowledge and understanding to go ahead and invest in Bitcoin. I think that it is when the individual feels that they are ready and I am also not against those who invest first and ask questions later. They'll learn the security , decentralization, and others on the "job".
Actually questions never ends and if you think that you have completely covered all the questions and now there is no need to ask anything then you are wrong. There are experts who also ask something because one cannot get whole knowledge at once as new thing arises which a person has to understand.
A person should invest through proper knowledge and whenever his mind feel something new then he can ask because there is no boundary of knowledge. Now it is important that you will get the important knowledge about crypto, its Characteristics, volatility and strategies prior to investment then learn more knowledge when you do investment.
Life is a time game. If you are kind of lucky you make it to 60 or 70 or 80
I am 66 with normal luck I will reach 84.
So this means I got 18 years to go.
the young you are the more time you have in general.
This means DCA and hodl for 10-20 years if you are 20-40 years old it is not hard to do.
If you are 66 like me a 10 year DCA is not that attractive.
BUT NOW YOU SAY hey I am 29 I want to do a 10 year dca .
you decide $20 a week is a number I can dca. well that is 52 x 20 x 10 = 10400 usd saved via the purchase of btc.
It is possible that the average increase is 10x so you have 104,000 usd worth of btc in ten
years. How do I do this? How do I make sure to buy it. HOW do I make sure to hodl it. lastly how do I make sure I do not lose access to the asset.
well that is the question. I can be sure about buying it or earning. holding it is hard.
It is never a bad idea to hodl as an investor except when loss is imminent how ever you can decide to reserve some Bitcoins for a family member to kick start their Bitcoin journey in the future I am sure they would be very grateful.I am 66 with normal luck I will reach 84.
So this means I got 18 years to go.
the young you are the more time you have in general.
This means DCA and hodl for 10-20 years if you are 20-40 years old it is not hard to do.
If you are 66 like me a 10 year DCA is not that attractive.
BUT NOW YOU SAY hey I am 29 I want to do a 10 year dca .
you decide $20 a week is a number I can dca. well that is 52 x 20 x 10 = 10400 usd saved via the purchase of btc.
It is possible that the average increase is 10x so you have 104,000 usd worth of btc in ten
years. How do I do this? How do I make sure to buy it. HOW do I make sure to hodl it. lastly how do I make sure I do not lose access to the asset.
well that is the question. I can be sure about buying it or earning. holding it is hard.
Also I wish you live as long as you want so you withness more bulls and be able to enlighten more newbies in the crypto space like us .
Don't forget to keep your keys safe 😁
Life is a time game. If you are kind of lucky you make it to 60 or 70 or 80
I am 66 with normal luck I will reach 84.
So this means I got 18 years to go.
the young you are the more time you have in general.
This means DCA and hodl for 10-20 years if you are 20-40 years old it is not hard to do.
If you are 66 like me a 10 year DCA is not that attractive.
BUT NOW YOU SAY hey I am 29 I want to do a 10 year dca .
you decide $20 a week is a number I can dca. well that is 52 x 20 x 10 = 10400 usd saved via the purchase of btc.
It is possible that the average increase is 10x so you have 104,000 usd worth of btc in ten
years. How do I do this? How do I make sure to buy it. HOW do I make sure to hodl it. lastly how do I make sure I do not lose access to the asset.
well that is the question. I can be sure about buying it or earning. holding it is hard.
I am 66 with normal luck I will reach 84.
So this means I got 18 years to go.
the young you are the more time you have in general.
This means DCA and hodl for 10-20 years if you are 20-40 years old it is not hard to do.
If you are 66 like me a 10 year DCA is not that attractive.
BUT NOW YOU SAY hey I am 29 I want to do a 10 year dca .
you decide $20 a week is a number I can dca. well that is 52 x 20 x 10 = 10400 usd saved via the purchase of btc.
It is possible that the average increase is 10x so you have 104,000 usd worth of btc in ten
years. How do I do this? How do I make sure to buy it. HOW do I make sure to hodl it. lastly how do I make sure I do not lose access to the asset.
well that is the question. I can be sure about buying it or earning. holding it is hard.
In times of investment someone cannot not just wake up one morning and decided to start investing when you don't have the appropriate knowledge that will guide you through, most beginners heard about Bitcoin from there friends and just decided start investment immediately thinking is a get rich scheme as such undermining what needs to be done before investing , is always advisable for a beginner who wants to invest on Bitcoin to source for information and make more researchers to understand the concept about what you're investing on, perhaps even if you decids holding without the knowledge you may end up facing the fear of uncertainty and from there you may start to panic and sell it off because of lack of knowledge.
Knowledge is a must. Either you plan to invest or share your experience, at least you have gained some initial knowledge on it. However, the problem with most newbies these days investing in bitcoin is they don’t have the prior knowledge about bitcoin and how it will work as an investment. They only see it as a get rich quick, thus thinking that bitcoin can be easily handle and make profits, but it turn out that it’s very much hard and complicated because of its high volatility. Anyone that decide to hold bitcoin and does not understand it’s market volatility will certainly struggle on how to make it work.
All of us who know a little bit about Bitcoin we try to value our holdings of Bitcoin. But the first thing we need to acquire good knowledge before holding Bitcoin. I will hold Bitcoin but if I don't have good knowledge about it then holding will be meaningless. Why should I hold and what is the benefit of my holdings? I have to know these things and ultimately, I have to gain knowledge. Moreover, how to hold Bitcoin or what is the proper time to sell it, how can i earn profit, these issues must be solved by gaining knowledge.
True, holding without any reason will just make you sell it eventually. Well, who's not selling anyway? All of us are going to sell no matter what happens in the future.But the importance of knowing your true reason to hold and the intent that you've got is what makes someone willingly to hold.
There is no opportunity to profit from Bitcoin without gaining proper knowledge. Because without gaining knowledge a person will not be able to keep his bitcoin holdings safe.
Some might say that despite having no knowledge on it, they'll just hold. I think it's a wide explanation about this matter if someone has to hold and talking about the knowledge he's got about bitcoin and holding it. 
Yes, there are investors who cannot trust their own knowledge of this industry with regards to market analysis but can invest and endure losing which is why they are okay with relying to other’s beliefs of the next price movement, and that’s fine I guess as long as you’re ready with negative consequences.
They don't believe in their own knowledge because they know they don't have broader knowledge. But it is better to develop trading knowledge so that you understand better and don't depend on other people. There are many analyzes available but if you cannot make a good selection it will not be good for trading. Investment is for profit, not loss and is determined by other people's analysis. At least you don't understand how to do basic analysis on trading. Don't trade if you only depend on other people. 
It's true that learning everything is essential to to every investment, real estate, stocks and etc. But for me, you don't need to understand the whole concept of bitcoin at first before you invest. You need to learn how to buy and sell, and how to store it. It will surely take you sometime before you learn the whole concept of it by reading the white paper of bitcoin. If you are just here for profit, learning the basic is fine. In fact, I still don't know how bitcoin works technically, I mean on the deeper side of blockchain, thus I earned profit from bitcoin because I have it.
Some traders wil win with their holding capacity even though they lag with the crypto knowledge.I had some friends who had earned more during the Covid pump in the bitcoin price.They just holding their bitcoin over a decade,at the first five years they was offline to the crypto.After the 2017,they back to the crypto trading.Luckily they had recovered their old bitcoin wallet.You don’t believe my friends become the millionaire from the holding bitcoin in their wallet.In this they never made any hard work except the wallet recovery,in this the win was due to the long holding.
All of us who know a little bit about Bitcoin we try to value our holdings of Bitcoin. But the first thing we need to acquire good knowledge before holding Bitcoin. I will hold Bitcoin but if I don't have good knowledge about it then holding will be meaningless. Why should I hold and what is the benefit of my holdings? I have to know these things and ultimately, I have to gain knowledge. Moreover, how to hold Bitcoin or what is the proper time to sell it, how can i earn profit, these issues must be solved by gaining knowledge. There is no opportunity to profit from Bitcoin without gaining proper knowledge. Because without gaining knowledge a person will not be able to keep his bitcoin holdings safe.
Knowledge is very essential because it gives you an edge or the idea about what you are planning to hold, holding without knowledge is like walking in the darkness without knowing what you may step on, just like school we set a goal to become a medical doctor but perhaps you cannot become medical doctor just by seeing them operate on someone instead you will need to acquire the profession knowledge and by doing so you will need to enroll in school to acquire the knowledge before going into it. So coming back to holding knowledge is the first thing to enable you understand the ups and downs about your planning to holding.
You need both, if you have a profound knowledge about bitcoin but you do not have the money to buy any of it and hold it then you cannot really obtain many benefits out of your knowledge, and if you have the money and you buy bitcoin with it but you do not know much about bitcoin then it is going to be very difficult for you to hold your coins when the whales manipulate the market and make it crash out of nowhere, so it is not like we can pick one over the other, since both are needed for a person to have reasonable chances of holding their coins until they reach their financial goals.or plans will really lead into demise since you cant really be able to assess on what are the things that must done for you to be able to sustain or survive specially on dealing with things unpredictable space on which it would really be just that so common that you would really be able to commit tons of mistakes if you do let yourself making out decisions without having those assessment basing up on the market behavior.
Knowledge and holding (wealth) complete each other. A person may have lots of wealth but if he doesn't have any knowledge, he will soon spend his wealth on the stupid stuff which he don't really need about and then he will end up poor. A wise guy on the other hand, knows how to manage risk and he is definitely not going to buy the stuff he won't really need. So when it comes to bitcoin, a person that is well informed about bitcoin will definitely hold is for a long time because he really understands what bitcoin is all about. Power without knowledge is never a good thing.
I see many athletes who was bankrupted because they did no knowledge where to invest money. They earn a millions of dollars but did not learn investments or read books on investment. Our mind is good tool that will help a person to multiple his wealth. I see many business men's who was bankrupted because they did mistakes and then they learned from their mistakes and in 2 to 3 years they was millionaire. For any investment, mindset is very important. I see many poor people , they are poor because they does not change their mindset of poor people, for becoming rich , it is necessary to have mindset like rich people. Nothing will be change with poor mindset.
Just say that knowledge is more important than a portfolio. This is indeed true, as everyone possesses varying resources when it comes to Bitcoin, and one highly influential parameter in Bitcoin's development is the breadth of knowledge an individual possesses.
As long as the cryptocurrency space remains relatively immature, there is a need for reliable guidance to ensure its growth follows the right path. Someone well-versed in cryptocurrency can serve as an excellent educator to others, and the demand for crypto educators is substantial. Only those with extensive knowledge can bear the responsibility for what they impart.
Though it may not directly relate to finances, in the crypto space, every human resource is valued. Sponsors will readily gravitate towards such individuals. Especially if the person is active in this forum, they will receive ample recognition for their contributions.
As long as the cryptocurrency space remains relatively immature, there is a need for reliable guidance to ensure its growth follows the right path. Someone well-versed in cryptocurrency can serve as an excellent educator to others, and the demand for crypto educators is substantial. Only those with extensive knowledge can bear the responsibility for what they impart.
Though it may not directly relate to finances, in the crypto space, every human resource is valued. Sponsors will readily gravitate towards such individuals. Especially if the person is active in this forum, they will receive ample recognition for their contributions.
Knowledge is very essential because it gives you an edge or the idea about what you are planning to hold, holding without knowledge is like walking in the darkness without knowing what you may step on, just like school we set a goal to become a medical doctor but perhaps you cannot become medical doctor just by seeing them operate on someone instead you will need to acquire the profession knowledge and by doing so you will need to enroll in school to acquire the knowledge before going into it. So coming back to holding knowledge is the first thing to enable you understand the ups and downs about your planning to holding.
You need both, if you have a profound knowledge about bitcoin but you do not have the money to buy any of it and hold it then you cannot really obtain many benefits out of your knowledge, and if you have the money and you buy bitcoin with it but you do not know much about bitcoin then it is going to be very difficult for you to hold your coins when the whales manipulate the market and make it crash out of nowhere, so it is not like we can pick one over the other, since both are needed for a person to have reasonable chances of holding their coins until they reach their financial goals.Jump to: