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
I'm not sure I'm getting what you mean by "earn bitcoins" because the only way you earn bitcoins would be doing some kind of job, so exchanging your time and abilities for money, or bitcoin in this case, and to do that you don't need to know everything about bitcoin, you can start buying your own bitcoin (if you think the price is good) and in the meantime you keep studying. Getting to understand what bitcoin is about is not that difficult, it takes very little time. Then the technical part is more complicated but the idea behind it is not 
Topic: Knowledge vs hodlings - page 13. (Read 2594 times)
Investing in something without information is dangerous. We cannot find successful investors who have not enough information; most of them are knowledgeable. That is also true for Bitcoin; before you invest in it, you must first learn about it. If you don't know what you're doing and you own Bitcoin, you're probably gambling.
I didn't suggest you'd lose money if you invested in Bitcoin because I feel now is the best moment to do so, but it's hard to be successful if you don't know what you're doing. It's the same as "jumping into the ocean without knowing how to swim."
I didn't suggest you'd lose money if you invested in Bitcoin because I feel now is the best moment to do so, but it's hard to be successful if you don't know what you're doing. It's the same as "jumping into the ocean without knowing how to swim."
Simply put, no one can be successful without adequate education and knowledge. We may not have a university degree, but to be able to do business or do any job, we need to have education and basic knowledge in that field.
Investing in bitcoin is the same, it is like all other fields, we need to have knowledge about it if we want to make money from it. Investing without knowledge is called gambling, winning or losing depends entirely on luck, our fate is no longer decided by us.
I highly agree knowledge is almost the foundation of everything. The belief, trust, and even the hate and distrust. With enough knowledge, people will find out that holding Bitcoin for a longer time can give them good profit. And at the same time due to the knowledge that the Bitcoin price is able to recover, people will keep on holding since they know that Bitcoin price will eventually recover even breaking its ATH. This is proven to be a fact when we look at the price chart history and people that gain huge amount of profit when they did not sell Bitcoin during the Bitcoin price crash and keep on holding for a longer time.
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.who doesnt think about ways or methods on making things more better.
On the time that you do know on what you do gonna do then having the idea that you might really be that able to make profits on this kind of action on which it is really that normal that you would
really be that having those doubts about the risks involved. Holdings does need knowledge and control too because if you are just that naive or doesnt have that kind of idea in mind on whats
the reality of this space or market then most likely you would really be ending up on making out mistakes.
.....
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.
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. 
Investing in something without information is dangerous. We cannot find successful investors who have not enough information; most of them are knowledgeable. That is also true for Bitcoin; before you invest in it, you must first learn about it. If you don't know what you're doing and you own Bitcoin, you're probably gambling.
I didn't suggest you'd lose money if you invested in Bitcoin because I feel now is the best moment to do so, but it's hard to be successful if you don't know what you're doing. It's the same as "jumping into the ocean without knowing how to swim."
I didn't suggest you'd lose money if you invested in Bitcoin because I feel now is the best moment to do so, but it's hard to be successful if you don't know what you're doing. It's the same as "jumping into the ocean without knowing how to swim."
Simply put, no one can be successful without adequate education and knowledge. We may not have a university degree, but to be able to do business or do any job, we need to have education and basic knowledge in that field.
Investing in bitcoin is the same, it is like all other fields, we need to have knowledge about it if we want to make money from it. Investing without knowledge is called gambling, winning or losing depends entirely on luck, our fate is no longer decided by us.
We must realise that interest starts when we learn about it and when we don't know what we are learning then we will never be interested in it.
Many people say bitcoin is something worthy but we are not assigned to believe what others say so we must try to find what others say is true or not with the learning we do. If indeed it can really be validated then we start to be in bitcoin and hold it because we are sure that what others say is in accordance with the learning and analysis results that we find.
1. Understanding Bitcoin first gives you a more solid knowledge of security. and this is very important to avoid loss of funds.
Holding bitcoin strongly is something that is definitely very good to do, but in this case we must realize that holding something without knowing what we are holding is useless so the basic rules must obviously be met where when we really want to be in bitcoin then we must know what bitcoin is.
Don't think in advance about hodling because it is a matter after we are sure that bitcoin is feasible or not and we can or not be in this because if in the end we only focus on hodling and don't know what we are hodling even the basic things about bitcoin are still confused then it will not be able to run properly about the hodling done because in the end we will have several obstacles when hodling is done,
Investing into bitcoin without a deep understanding on bitcoin in the first place is useless. It’s like you are hodling it for long term, yet you don’t know what’s your bitcoin goal and to where bitcoin is heading. That is why earning knowledge before taking such investments is crucial. Or while you are in the process of investing, you are also learning in everything that you do. At some point, it also works for others. It’s certainly learning by doing.
If we invest in anything, we should first understand the ins and outs of the instrument we are holding because otherwise it would be the same as blindly putting money into something that is uncertain. In particular, knowledge of Bitcoin is very valuable for an investor, trader, or anyone who wants to be related to it. This knowledge is very valuable, especially if they want to know about events that will happen to Bitcoin or if they want to share it with other people and maybe they can make money from it.
If they only invest just to see other people for then it's the same as entering the abyss, so when entering into any investment instrument, knowledge is important after that you can maximize skills in the field to be engaged in, say bitcoin, it is necessary to study and also practice it so that it is easier to understand.Now there are many guidebooks or other articles that can take you in that direction, it is clearly important if not done then he will not have good skills as long as he does not do it.
Unless he doesn't care at all, like this: buy bitcoin now and then forget about it for a long time and come back from sleep after a few years, but I don't think that's possible for someone.
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.
Simply put, no one can be successful without adequate education and knowledge. We may not have a university degree, but to be able to do business or do any job, we need to have education and basic knowledge in that field.
Investing in bitcoin is the same, it is like all other fields, we need to have knowledge about it if we want to make money from it. Investing without knowledge is called gambling, winning or losing depends entirely on luck, our fate is no longer decided by us.
Investing in bitcoin is the same, it is like all other fields, we need to have knowledge about it if we want to make money from it. Investing without knowledge is called gambling, winning or losing depends entirely on luck, our fate is no longer decided by us.
Knowledge and skills both are compulsory like if you have all degrees but don't know anything then there is no need of such degrees because skills matters more.
Same is the case with bitcoin if you have knowledge but don't know what to do under specific timing and for how much timing you will hold it then it's not a good selection.
And if you hold bitcoin but don't know to sell it in Bull market then your knowledge and holding both are useless therefore make use of holding as well as knowledge under appropriate circumstances.
It is most important to gain knowledge about Bitcoin before holding in Bitcoin. If you don't have proper knowledge about Bitcoin, then you will never be able to profit by holding it, that's why first of all you need to know the correct use of Bitcoin. There are some people who are new to cryptocurrency who want to use various get-rich-quick schemes and because of their lack of knowledge, they are forced to face losses. A general knowledge of the crypto space is definitely required before holding, and without skill, it is never possible to make a profit by investing in Bitcoins. It is necessary to acquire good knowledge about how to earn profit in Bitcoin and know how and when to invest. Moreover, if you do not know about the market at different times, then if you invest, there is a possibility of facing a lot of losses, so it is better to have an idea about it. After knowing everything if bitcoin investment and holding is good and it is possible to get good profit from it in future, the most important thing for holding is to gain knowledge about crypto space.
As it turns out, knowledge is the foundation on which great Bitcoin investments can be built. The cryptocurrency world is very complicated, so you need to know a lot about it. Not only do you need to know "how to," but you also need to understand the basic ideas, tools, and forces that shape its path.But there needs to be a serious note here. A well-informed investor has a big edge, but the crypto markets are so unpredictable that even the smartest predictions can be wrong. Because of this, it is very important to have knowledge along with a good dose of caution and humility. Its not enough to know when and how to spend; you also need to know that the market forces are always changing, so the rhythm can sometimes come as a surprise.
If we invest in anything, we should first understand the ins and outs of the instrument we are holding because otherwise it would be the same as blindly putting money into something that is uncertain. In particular, knowledge of Bitcoin is very valuable for an investor, trader, or anyone who wants to be related to it. This knowledge is very valuable, especially if they want to know about events that will happen to Bitcoin or if they want to share it with other people and maybe they can make money from it.
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 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;
To be honest OP, I get what you're saying "Knowledge is power, don't rush, make sure you know very much what you're doing before you do it"... but I think the title of your post should have been " knowledge before hodling " perhaps, or something of that sought cause, your title suggests that we should pick one and leave the other, but they both go hand in hand and are both important. 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;
Knowledge about investments, in fact about anything generally is key, but there's something way more important and that's action. Of what use is my knowledge I can't use it properly. And to tell you the truth I'd prefer learning in the fields (i.e. by acting and correcting myself) than actually just sitting down somewhere learning and learning. Experience teaches best.
And for those who are rushing into buying Bitcoins cause of FOMO and other reasons, I personally think it takes courage and guts to do that and that's where the real knowledge lies. Think about it ... I'm doing it, you're talking about it, and you haven't carried out any experiments, meanwhile, I have my theory. There's a huge difference between the both of us.
So yh, both knowledge and hodling are important (i.e.Learning and doing).
It is most important to gain knowledge about Bitcoin before holding in Bitcoin. If you don't have proper knowledge about Bitcoin, then you will never be able to profit by holding it, that's why first of all you need to know the correct use of Bitcoin. There are some people who are new to cryptocurrency who want to use various get-rich-quick schemes and because of their lack of knowledge, they are forced to face losses. A general knowledge of the crypto space is definitely required before holding, and without skill, it is never possible to make a profit by investing in Bitcoins. It is necessary to acquire good knowledge about how to earn profit in Bitcoin and know how and when to invest. Moreover, if you do not know about the market at different times, then if you invest, there is a possibility of facing a lot of losses, so it is better to have an idea about it. After knowing everything if bitcoin investment and holding is good and it is possible to get good profit from it in future, the most important thing for holding is to gain knowledge about crypto space.
Actually it lies in a person's guts actually. Even if he is smart, if he has no intention of investing in BTC, it is just empty talk. Yes, the basic BTC investment formula must be remembered for a rather long period of time, at least 1-2 years because the most optimal investment pattern is long term. Yes, with capital and courage. If the pattern used is long-term investment (Hodl) I think that's all. It doesn't matter.
It is most important to gain knowledge about Bitcoin before holding in Bitcoin. If you don't have proper knowledge about Bitcoin, then you will never be able to profit by holding it, that's why first of all you need to know the correct use of Bitcoin. There are some people who are new to cryptocurrency who want to use various get-rich-quick schemes and because of their lack of knowledge, they are forced to face losses. A general knowledge of the crypto space is definitely required before holding, and without skill, it is never possible to make a profit by investing in Bitcoins. It is necessary to acquire good knowledge about how to earn profit in Bitcoin and know how and when to invest. Moreover, if you do not know about the market at different times, then if you invest, there is a possibility of facing a lot of losses, so it is better to have an idea about it. After knowing everything if bitcoin investment and holding is good and it is possible to get good profit from it in future, the most important thing for holding is to gain knowledge about crypto space.
Investing in something without information is dangerous. We cannot find successful investors who have not enough information; most of them are knowledgeable. That is also true for Bitcoin; before you invest in it, you must first learn about it. If you don't know what you're doing and you own Bitcoin, you're probably gambling.
I didn't suggest you'd lose money if you invested in Bitcoin because I feel now is the best moment to do so, but it's hard to be successful if you don't know what you're doing. It's the same as "jumping into the ocean without knowing how to swim."
I didn't suggest you'd lose money if you invested in Bitcoin because I feel now is the best moment to do so, but it's hard to be successful if you don't know what you're doing. It's the same as "jumping into the ocean without knowing how to swim."
Simply put, no one can be successful without adequate education and knowledge. We may not have a university degree, but to be able to do business or do any job, we need to have education and basic knowledge in that field.
Investing in bitcoin is the same, it is like all other fields, we need to have knowledge about it if we want to make money from it. Investing without knowledge is called gambling, winning or losing depends entirely on luck, our fate is no longer decided by us.
It must have taken you some time to realise what the majority of us have known for centuries. It's better late than never, though. understand bitcoin is important. But you know what? You will always have more to learn, even with your increased knowledge. Don't settle in too much.
Security Knowledge: True, understanding Bitcoin helps in security. But don't assume you're unhackable just because you read a few forum posts. The hacker is learning everyday like you; so should your security measures.
Market Timing: Good luck with your "strategy" of knowing when to sell and hodl. Many have tried, few succeed. But only "hodler" has the highest winning percentages
Decentralization : Sounds like you've found a new buzzword. But is decentralization really "decentralized"? Many understand the words, but they act differently
While it's admirable to educate people, make sure your "solid knowledge" is indeed solid. The blind leading the blind isn't a great look. But hey, you're headed in the correct direction. Maybe maybe im a little bit mean but I am really happy that our community grow everyday
Security Knowledge: True, understanding Bitcoin helps in security. But don't assume you're unhackable just because you read a few forum posts. The hacker is learning everyday like you; so should your security measures.
Market Timing: Good luck with your "strategy" of knowing when to sell and hodl. Many have tried, few succeed. But only "hodler" has the highest winning percentages
Decentralization : Sounds like you've found a new buzzword. But is decentralization really "decentralized"? Many understand the words, but they act differently
While it's admirable to educate people, make sure your "solid knowledge" is indeed solid. The blind leading the blind isn't a great look. But hey, you're headed in the correct direction. Maybe maybe im a little bit mean but I am really happy that our community grow everyday
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.
I agree with you, beginners do not need to learn too much knowledge when starting out because theory is not enough for us to visualize and understand everything. no matter how much knowledge we read, if we have not practiced or experienced it, we are still a newbie. in my opinion, newbies should accept spending a small amount of capital to perform buying and selling operations to better understand how bitcoin works as well as better understand the concepts of storage wallets.
besides, we should only invest a moderate amount of capital to monitor the market and become familiar with the market's volatility. if we don't experience this knowledge, we will never understand it no matter how many theories we read.
Investing in something without information is dangerous. We cannot find successful investors who have not enough information; most of them are knowledgeable. That is also true for Bitcoin; before you invest in it, you must first learn about it. If you don't know what you're doing and you own Bitcoin, you're probably gambling.
I didn't suggest you'd lose money if you invested in Bitcoin because I feel now is the best moment to do so, but it's hard to be successful if you don't know what you're doing. It's the same as "jumping into the ocean without knowing how to swim."
I didn't suggest you'd lose money if you invested in Bitcoin because I feel now is the best moment to do so, but it's hard to be successful if you don't know what you're doing. It's the same as "jumping into the ocean without knowing how to swim."
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