Topic: Research and Experience, There’s No Other Way! - page 4. (Read 652 times)

I think that it should be a given trait for anyone who is aspiring to learn/understand bitcoin. OP in my opinion got all the bases covered, regarding absorbing knowledge and stuff. The other stuff will be entirely dependent in the person.

@OP, might as well add perseverance and enthusiasm as needed traits in understanding Bitcoin because its very technical for most people and at the same time, learning it would become somewhat boring that is why we needed also those two traits if we ought to understand BTC much better. Imho.

Crypto is very risky industry and here you need even more researches and experience

Are you talking about learning the basics of Bitcoin or you are talking about learning cryptocurrency trading?
The basics of Bitcoin can be learned in one day.Is it so difficult to create and use a Bitcoin wallet?
Is it necessary for a total newbie to know all the tech stuff about hashrate,mining,nodes,how the blockchain works,etc. from day one?I don't think so.Anyone can learn how to send and receive BTC in minutes.
Crypto trading is a completely different topic and every trader has to learn thru practice for years.

Majority of the people that are planning to use Bitcoin or just heard about Bitcoin is afraid of this kind of situation.
It's kinda sad because they are afraid to try something new, or try to learn new things. Especially nowadays, technology are evolving.
Transactions can be made online, especially in finance or any involvement of money.
That's why Bitcoin is here. Then learning how to use Bitcoin is really a gem.

There is no such thing as short cut when it comes to knowledge and I certainly agree with OP.
It is all about research and experience not just in Bitcoin but also in other things as well we need to dedicate time and effort in order to be good in what we want.
Experience and knowledge are the best thing that we could have in order to be successful.

that means these people have no idea what bitcoin is and as a result they will be very disappointed and will lose a lot of money too because they think bitcoin is made to give them profit and that is the only thing they seek. these people don't look to "learn" anything about bitcoin either technical or otherwise they just want the profit and want it quick.

apart from trading none of these could be categorized as a way to make profit though. gambling is a way to "spend" money and the rest are ways to have an income since you get paid for the work you do.

Maybe or maybe not. Some here have mastered the basic knowledge everything about bitcoin, how it works, mechanism, and its used to different application. Learning bitcoin technology speed is depend on the user capability to grasp all there is to learn. Some here can understand, and execute anything coding on bitcoin easily especially those who have knowledge with related field.

Im not totally techie guy, but somehow I understand and know how it works, and manage to execute some task like keeping my security when using off bitcoin wallets including altcoins too.

I read a post the other day asking for tips on how to learn bitcoin without going through the technical stuff (so they can start making profit sooner) and another one looking for a quick way to teach old people how bitcoin works. Here’s what I learned after months of observation and heavy reading on cryptocurrency inside and outside this forum.

There are NO SHORTCUTS to understanding bitcoin. You’ll find crash courses and simplified versions of the technical aspects of bitcoin but those are just to help make complex information more digestible WHEN YOU GO OVER IT AGAIN, not to help you skip certain parts. Yes, you’ll eventually realize that it’s best to re-read the stuff you refused to read the first time (when you thought it’s too much for you). With so many risks involved in cryptocurrency, you would want to know as much information about what you’re getting yourself into as you can. So, taking a shortcut is out of the question.

Think of cryptocurrency as a branch of science, because it’s as big as one. It’s not like a Netflix series that you can binge-watch in one go. Rather, it’s like the entire entertainment industry. Like a college course that takes many years to finish, it will take years of research and experience to master bitcoin. Also, research doesn’t stop as cryptocurrency is constantly evolving. Some of the things you will learn today may no longer apply tomorrow, so continuous study must be part of your daily routine.

Regarding profit, there certainly are various ways to grow wealth through bitcoin. You can invest, trade, gamble, perform tasks, write content, and many more, at least in this platform. But let’s not forget that the primary purpose of bitcoin introduction and adoption is to decentralize the financial system. More than just another income generator, it’s a campaign with a goal. Let’s find a way to contribute to that campaign. I also have a mentor btw so connecting with people who share your interest is also important.