Topic: Knowledge vs hodlings - page 4. (Read 2594 times)

I welcome some of your ideas but not all, you don't have to be the tech-savvy guy before investing in Bitcoin. Trading and investing are different from the technical part of Bitcoin, not everyone will know that aspect and not everyone has to know it before they gain immensely from the coin. It might surprise you if you investigate this, you might wonder that those with business-oriented ideas about Bitcoin make more than those who are technically involved in it. Fine, there is nothing wrong in trying to brush through how the coin came into existence, but the main deal is to invest rightly as far as I'm concerned. It's all about risk and your affinity for it, once you treat Bitcoin as an asset and you have a good investment idea, then you are good to go. And I must say that Bitcoin will not disappoint, just find your investment style and plan with it, you will get to make your money regularly and even make it huge if you can leave and forget (Hodl).

Just be decisive and smart in your approach, some had taken the risk on Bitcoin without knowing anything or much but just believed in the new innovation of blockchain technology in the financial system and used their futuristic wisdom to believe it has a good prospect and bright future. Such people are millionaires in USD today. For this, when it comes to Bitcoin today, I always advise people to act before thinking, and if they must think, they should think about the success in the past and how it has helped people to beat inflation in multiple folds. This might be funny, but if you look at what has happened in the past and Bitcoin's past cycles as well, one should not heavily persuade a sensible investor to commit their money to it. The record is there and it speaks for itself!

Benefits of using idle funds to invest in Bitcoin
- You will not rush to sell when the market is bearish or bullish
- You will be more flexible in terms of time, and free to sell the bitcoins you have whenever you want
- Your target price is clearer
If you don't use your idle funds to invest in Bitcoin then believe me, you won't be able to wait to see the price of Bitcoin skyrocket and that can make you despair because waiting for a long time while you are in need of money, then you will be careless and certain. will sell when FUD spreads

Of course knowledge is very important however irrespective of how potential Bitcoin is there is always a need for someone to have a basic knowledge of it especially the beginners, because you no in life people tend to speculate a bad new concerning something and someone could easily be influence on those kind of information because he as no knowledge about it as such becomes vulnerable to influence.

So in times of Bitcoin people can only hold what they understand and no how it works, how can we advise to hold Bitcoin when basically they have no single knowledge about it, perhaps there is a likelihood that a person without knowledge about Bitcoin could easily be affected emotionally or mentally seeing market fluctuations, so actually knowledge and holding are intertwined they cannot work perfectly without each other because with knowledge we no the direction of our holding and with holding we understand the potential of Bitcoin, in anyway we put it they are two important dependent factors that needs each other to work perfectly.

Basically if you are holding you must have a general knowledge of BTC or you are just in Grayscale or something which is not exactly real Bitcoin, just a representation of it and exposure to it. They sort of go hand in hand knowledge and holdings. Any person who doesn't have at least some knowledge will fall at risk to a scam down the line and lose their holdings there is a good chance.

Hmm, This is the interesting topic i stumble upon here today, well having much knowledge and doing Hodling is the best part if you are going for the big race and wanna get ATH profit hodling is the best way. Besides that if you are using your knowlede power to exime the market sintments is good thing as if we come to crypto world knowledge is the power. Doing Hodling while using DCA technique is the best part of your accumulation in Bitcoin. I also had taken some classes of this from JayJuanGee sir , In this thread ....>>>Buy the DIP, and HODL!

Rest of that i don't have any kind of interest in shitcoin. As i'm the one who is hodling Bitcoin due to its positive potential.

There are somethings that are good to hide because of the wickedness of the leaders. If bitcoin creators were known, the world powers or government would have forced them to make it Centralized so that they can control it and the value of bitcoin have been like a shit coin. It is good that bitcoin is decentralized and also open source to all. It is the unknown nature of bitcoin creator make the coins valuable. The politics that involves in bitcoin the part that the world government trying to know the source of bitcoin and probably control it but the could not so it becomes a research project to them every year. The political aspect in politics is very simple to understand. Satoshi Nakamoto creates bitcoin and the government is trying to find out the real Identity of the person but they could not. And the worst part of it all is the software is decentralized which make things difficult for the authorities to locate the source and control and make the price valueless. Just look at it. Bitcoin was created since 2008 and became an existence since 2009 and that make it 14 years now and look at the countries that have adopted bitcoin as a legal tender. And also look at the level of people bitcoin as help within this few years. The authority is not even about the blockchain and just that they cannot do anything to it. Bitcoin has done pretty good to humanity which the authorities can not do. Yet they still hate it. Well bitcoin has come to stay and no authority can do otherwise instead they will join the blockchain in the long run.

I thought that his tone was potentially one of a troller (or perhaps a bot), but I tried to give some benefit of the doubt, mostly in order to attempt to get something substantive out of what were other vague-ass points that could have been trying to persuade people to be more blasé, timid and/or fearful of bitcoin than is justified by the actual facts and including that this is likely a good place for normies to either get involved and/or to perhaps up their level of aggressiveness in terms of buying bitcoin.. but surely, many of us know that we have to temper our level of aggressiveness in terms of our own finances and/or otherwise preparations.


that was a bit of a red flag to be implying that there is something problematic with the unknowness of Bitcoin's creator and implying that their might be some kind of a US intelligence contribution to the project.. (He did not say that, but seems to be what he was attempting to suggest).


Of course, there are various talking points that bitcoin naysayers and/or shitcoin pumpeners throw out there, and it might not even be necessary to identify their origins and/or motives with any degree of specificity... but sure, it likely does not hurt to see that they are throwing out various talking points that have largely been debunked, but they might still find some uses in presenting such nonsense in an attempted more subtle kind of a way so that maybe we might not recognize their planting of gobbledy gook intending to cause less enthusiasm towards king daddy.


There are almost always be some of the various kinds of traders, and some of those kinds of in and out strategies can be profitable in the short term... and surely build dollars.. but then sometimes, we might look at some folks who had been making several trades between 2013 and present and they might have been making 5-20x in profits over that time... yet on the other hand someone who either just bought and held or maybe DCA'ed into bitcoin over the last 10 years, may well have had ended up with 20x to 80x returns without even having to spend so much time getting in and out of positions.  Sure there sometimes will be some traders who are able to outperform more prudent bitcoin accumulation strategies, but I doubt that they are even close to 10% of such traders..so an overwhelming number of them are performing substantially worse than mere DCA and/or bitcoin accumulation, some might be losing money and only a very small number of them are likely beating straightforward DCA and/or ongoing BTC accumulation and/or BTC HODL strategies.

What a simple perspective of knowledge and its practical use! Your point about jumping into practice without understanding Bitcoin and its complex ecosystem is somewhat true. Learning is an ongoing process, especially in the dynamic bitcoin market. Unfortunately, its a narrow perspective. Before investing or trading, one must comprehend blockchain technology, cryptography, and economic ideas behind Bitcoin.

Are we undervaluing theoretical knowledge because we want to act now? Bitcoin is rooted in technical and economic theory, thus buying cheap and selling high is not enough. We must also comprehend market trends, regulatory settings, and security processes. Practice is important, but viewing it as an endless circle without practical outcomes is risky.

Yes it is more valuable than any other cryptocurrency because it is the pioneer of them all without any official government approval, licensing, permits, endorsements, Nobel Prizes, directives, or mandates.

Just like you said, it makes more sense to hold onto it on the presumption it will be worth more in the future

Satoshi from the start has focused highly on hiding his identity for reason best known to him. There have been a lot of speculations on why he went ghosted but it does not have anything to do with political affairs. Clear those thoughts from your mind. Bitcoin is decentralized because it cannot be controlled by anyone not even the government. I wouldn't blame you much for making such a statement, i see your your still a newbie in the part of learning.

Some institutions consider bitcoin an important asset and prefer bitcoin over fiat, you hold bitcoin you will have a valuable asset...

Since 2010 Satoshi disappeared and never appeared again, there was recently on X.com an account called @satoshi I don't consider myself the founder, maybe other people are just riding fame...

You don't need to think about this, stay focused on bitcoin.

The tone of his comment is filled with skepticism and you captured it correctly... they always end up regretting.

Rather than bothering himself with seeking relevant knowledge to be able to accumulate Bitcoin and holding, his concern is about the whereabout of Satoshi as if that will change anything. Perhaps, he is viewing Bitcoin from the angle of these shitcoins created by known people... as though the known identity of the founders has helped or made the coins perform better than Bitcoin.

With the passage of time, it is becoming easier to see skeptics who are probably into Bitcoin for quick gains not that they believe in Bitcoin or the authentic and future thereof.

I don't really get what you are saying here, and it is something most of us can't understand here. I see that you have nothing to add here to this discussion, so please take whatever you are saying to your local board because this is a general board.

Yes you are right when you said that bitcoin is the most valuable coin in the crypto world, but I don't really think you are right when you said that bitcoin is a political something. If Bitcoin is a political thing, we would believe that a lot of governments would like to join it, but since Bitcoin is not something that involves political politics, that is why it can't be controlled by them. Although some of them are looking for a way to control it, but they can't

Hopefully you have adjusted your bitcoin position size accordingly, and you are not staying a no coiner - even though your supposed skepticism (to the extent that we can take you seriously) may well lead you into being a low coiner, but then with the passage of time wishing that would have had been more aggressive, rather than whimpy in the way that you ended up investing into bitcoin (presuming that you get over being a no coiner. and merely talking about bitcoin in theory, rather than practice, which seems to be a trend of about 99%-ish of the world's population so far).

If one thinks that one can learn everything before making an attempt to put the knowledge into practice, then that person is making a mistake. Everything can't end. As Bitcoin is growing gradually, we can't learn everything about Bitcoin. However, new things come every day, so if we learned little, we should practise the little we have learned.

When we are talking about technical things, we don't have to depend on only the theory, one also needs practical. Gaining knowledge without doing it is a waste.

If we learn about Bitcoin on this forum, and we don't put the knowledge into practice on our own, then we are not learning anything, rather than just come to the forum and have some fun at the end. But when we think about learning and also putting it into practice by investing in Bitcoin, it shows that we are serious about learning.

What must be understood here is that we don't have to be perfect first to start something, especially when discussing the latest technology, where every day there are always new things to learn.
When we try to be perfect first in learning in bitcoin but do not take any action forever we will not be able to enter bitcoin because to what extent you learn to understand, still not all knowledge can be obtained only by learning to see theory.
You must try to take action in this case to invest directly as a form of your effort in doing what you want to achieve.
Because we also have to realise that when we only grapple with theory without doing even 1 time practice it will only be empty knowledge. Not that it's useless, because everything is definitely useful, it's just that it will be bland because you don't have any experience as a form of your reference for proving the theory you learnt.

Why do we invest, is for one to be able to secure his future doing old age, and whoever understands this will go at any length to sacrifice his time and resources on  investing. This is how bitcoin investment should be seen too. You don't need anyone to tell you the potential of bitcoin, when you have the basic knowledge of bitcoin. This is what will drive you towards buying bitcoin, while you are learning because you don't want to be left out. The good thing of bitcoin is that you can use any amount to invest in bitcoin and it isn't a must that it must be big amount. If you already have the basic knowledge of bitcoin and you don't have funds to invest, because you want to be proud with yourself at old age, you will look for a way which you can have extra money that you can use to invest, while you keep on learning at the same time.

It is now that we are still strong to work, that we can take the risk to secure our old age by creating or getting extra money to buy bitcoin, so that when we are old and don't have such strength to hustle anymore, our bitcoin portfolio will speak for us and you will be proud that during these days, you were able to sacrifice your time and funds investing in bitcoin for a better tomorrow. This is how investment is, some people are so lazy that they give excuses why they sit down and fold their hands without looking for something to do, or they can't sacrifice little from their income to invest in bitcoin because they don't want to inconvenience themselves. Such people are preparing and piling up sufferings at their old age because when you are already old, there is nothing you can do anymore than regrets.

This is why one must not have 100% knowledge before investing in bitcoin but the basic because it is impossible to have 100% knowledge of bitcoin, and this means that such people will end up not buying bitcoin because they don't want to sacrifice anything for their old age. It is the same with people that don't want to find a way of getting extra funds that they will use to invest in bitcoin but giving excuses that they don't have sufficient income to invest. Nothing is to small to use for bitcoin investment, since bitcoin is not gold or real estate, that is why you need to sacrifice your time and strength to work and invest now that you are still very young, so that you will secure your old age. If you already have the knowledge, start now to invest and gradually you will improve your knowledge with experience, and you will grow your investment with regular DCA, while hodling for a very long period of time.

See bitcoin as one of those big companies that you wishes you own because if you can keep on accumulating with DCA and hodling, your experience in the market increase and your portfolio too keep on increasing and someday, you might be able to get to that fuck you status.

Having several sources of income is a very good idea and it will help us to quickly reach the standard of life that we are planning for. If an investor has about 2 to 3 places where he can make money on a daily basis and that same investor has still made up his mind to accumulate and hold his bitcoin for longer, I can testify that the investor will keep on accumulating Bitcoin nonstop for a time.

Source of income is something to be considered before investment, some of the important things that a Bitcoin investor should have is what is called source of income..

Not only 1, but maybe 2 to 3 if the person is opportune to have it, without any source of income, there will be no buying of Bitcoin and, accumulating process because one will not have money to buy and also accumulate, no matter how serious the person, many be, if he don't have a source of income his bitcoin investment plans won't be completed because the person don't have what is takes to accumulate more.

Imagine if a salary earner opens a business. That means he has 2 different sources of income, so he still invests in Bitcoin.

The person's investment will go smoothly because he has a job and also a business, so let me say $50 will not be a big deal for the person to get monthly, and if the person is using the DOLLAR COST AVERAGE, it will not be a hard thing for the person to constantly buy $10 worth of Bitcoin weekly or each 2 weeks when is has a job and a business.

Having several sources of income will certainly be very good for us because it will be able to meet our needs and other things. Yes, you are right. Anyone who has the desire for the life they dream of must have several sources of income and it would be even better if they invested in Bitcoin. If indeed they understand it well in making investments, of course we have to use idle funds so that we can buy and hold them to achieve profits from the investments we make.

The most important thing is basic knowledge after which it can be run simultaneously with the investment that is started, if you want to understand all the ways bitcoin works then it will be difficult without practicing it - let's call it while investing over time you will understand it.

Yaahh it's impossible to have to understand the science of bitcoin 100%, at least they know how to invest accordingly, how to run investments as long as they are able and how strong they hold while still accumulating, basically we expect profits so we have to understand from that side first.

Thankfully if you understand to the technical bitcoin to get deeper, but for now my own personal to keep learning about learning bitcoin while doing DCA every week.

Yes maybe this will be one of the good suggestions, it's good, but sometimes someone must be triggered in advance to make him interested, one of them like I trap my friend to buy bitcoin, when he buys Bitcoin he becomes more interested and force himself to Knowing what Bitcoin is, because it has the pressure that he does not want to lose his money because he has bought Bitcoin.

Not as usual when talking about Bitcoin and he only asked what Bitcoin was without a deeper follow -up, even today he had been trapped was more familiar with Bitcoin compared to me, and he became more active in learning Bitcoin so his knowledge was deeper than me himself who knows bitcoin first.

Having a good initiative in learning it before investing is good, but sometimes someone who has a different character must enter first so that it triggers interest in learning.