Topic: Self before asset (Read 277 times)
There is something we call garbage in garbage out.What you don't have you can't give it to someone Without a prior knowledge of something one will not able to deliver effectively. Firstly you have to know more about the project you want to invest on inorder to have rewards at the end of of the day. Nobody will want to assign a duty to a nonentity. Once they see that you are well grounded and you can handle a project. The investor will be happy to work with you
Investment is a game of knowledge the less you know the less the pay the more you know the more the pay. When it comes to what comes first in crypto investment i tell my friends it is knowledge,When good foundation and well structured knowledge meets the market structure and trends losses are reduced to the minimal. Good knowledge attracts investors and once trust is established it grows into a mega establishment. The trend is no respecter of any analyst or speculator. Get the skill and save the bill
In the hierarchy of investment assets comes second. Because if an investor refuse to pay to learn, They have no choice but to pay to the trend. If you are not learning to earn, you will learn to learn.
It is necessary to build a good level of knowledge on areas where you find yourself. To enable one survive comfortably in an environment, you need to arm yourself with knowledge because you cannot give what you don't have. In the hierarchy of investment assets comes second. Because if an investor refuse to pay to learn, They have no choice but to pay to the trend. If you are not learning to earn, you will learn to learn.
Obviously, besides the money, its the knowledge on any business we do. It might take time but yes, one has to develop him or herself in developing the skills, characters needed to in order to have a successful business. It might be on trade or on any other maters. Basic knowledge on how should we trade with the money we invested is the basic fundamental to succeed in trades.
It’s just logical reasoning, you can’t thrive in an ecosystem where you don’t understand and so far there are two way to learn from personal experience or from brainstorming(research, other peoples mistakes and so on) it now for the individual to make there selections, being successful in investment can be a little bit of learning and a lit bit of experience, you have to learn and then believe in your self strong enough to enter the investment field.
It's a bit complicated learning from personal experience, you learn from other persons' experience not your own because your new to the system and Learning from other people's mistakes when it comes to investment you must be ready to monitor them closely so you can observe when the mistake is been made so you don't do same. You have to undergo the learning process first before you have the experience then with that experience you support your self with good reach that is the only way you can be successful in your investment.
It’s just logical reasoning, you can’t thrive in an ecosystem where you don’t understand and so far there are two way to learn from personal experience or from brainstorming(research, other peoples mistakes and so on) it now for the individual to make there selections, being successful in investment can be a little bit of learning and a lit bit of experience, you have to learn and then believe in your self strong enough to enter the investment field.
Knowledge is a key asset in it's own self. If the knowledge supersedes greed and emotion then no matter the strategy employed it must always yield profit. Currently the fear is the use of strategies especially in this downward trend. It seems even the best crypto experts are even doubting their strategies because nothing seems to work currently even single morning coins keep crashing.
Knowledge + strategies, if it will work together, you'll be earning a lot of money but sometimes it won't and that is why you have to lose.
However, it was to clarify the importance of knowledge before anything. You can't just ride the market too easily without even knowing the basics, that was true. But, we don't need to become full of knowledge, what we need is to become more strategical as this is the best tool in trading and investing. In fact, some rich people don't go to school, they bring themselves to the real world of entrepreneurship and learn from them. If we want to become a trader, therefore, we have to expose ourselves to it and stop watching youtube or any tutorials as this possibly will only confuse us. We can learn more base on our experience, not from reading books.
However, it was to clarify the importance of knowledge before anything. You can't just ride the market too easily without even knowing the basics, that was true. But, we don't need to become full of knowledge, what we need is to become more strategical as this is the best tool in trading and investing. In fact, some rich people don't go to school, they bring themselves to the real world of entrepreneurship and learn from them. If we want to become a trader, therefore, we have to expose ourselves to it and stop watching youtube or any tutorials as this possibly will only confuse us. We can learn more base on our experience, not from reading books.
First of all when someone invest on something without prior knowledge then they are simply taking the chances which also called as gambling. Returns are secondary because it is not assure or the assured returns are far less than the potential for real investors so the risk factor is always there but when we know the asset and how the future is going to be then we may not worry that much when it bumps or dumps.
Investing in knowledge is not easy as it takes a long time to master it, people often ignore to learn first because there are others that claims they are pro when it comes to crypto trading/investment. They just charge you with a small fee then they promise a trading signal for few months. Investing in knowledge is not anyone can do, it also requires a discipline that will help you to control your emotion on different market situations. Like myself even if I learn, my emotion will just ruin my trading plan so I'd rather just hodl my crypto investments.
Investment is a game of knowledge the less you know the less the pay the more you know the more the pay. When it comes to what comes first in crypto investment i tell my friends it is knowledge,When good foundation and well structured knowledge meets the market structure and trends losses are reduced to the minimal. Good knowledge attracts investors and once trust is established it grows into a mega establishment. The trend is no respecter of any analyst or speculator. Get the skill and save the bill
In the hierarchy of investment assets comes second. Because if an investor refuse to pay to learn, They have no choice but to pay to the trend. If you are not learning to earn, you will learn to learn.
In the hierarchy of investment assets comes second. Because if an investor refuse to pay to learn, They have no choice but to pay to the trend. If you are not learning to earn, you will learn to learn.
This actually makes sense given the fact that most of the people have invested into cryptocurrencies, yet they experienced losing on their investments.
The greatest example that I could provide is the event that transpired back in the last quarter of 2017. The price of BTC during that year skyrocketed from ~$2,000 to ~$17,000 during the last quarter of that year. When majority of the people found out about this, they quickly joined the trend without even knowing and understanding the fundamentals of cryptocurrencies. After a few weeks/months, the prices dropped to around $7,000-$10,000 and those people spread negative news about investing into BTC.
Again, if you are planning to invest in ANY platform, please do your respective researches on the subject. Like OP mentioned, investing because of the trend can lead to learning valuable lessons.
It is like investing blindly if you are just spending money just because of the trend or hype.
You will easily lose your hard-earned savings in this manner. And then, you will learn your lesson the hard way.
Don't rush in any market just because you feel you are being left out, it is always best to learn the basics of any market.
In any investment market, knowledge is a basic foundation that will guide you where to go and improve your choices.
Investment is a game of knowledge the less you know the less the pay the more you know the more the pay. When it comes to what comes first in crypto investment i tell my friends it is knowledge,When good foundation and well structured knowledge meets the market structure and trends losses are reduced to the minimal. Good knowledge attracts investors and once trust is established it grows into a mega establishment. The trend is no respecter of any analyst or speculator. Get the skill and save the bill
In the hierarchy of investment assets comes second. Because if an investor refuse to pay to learn, They have no choice but to pay to the trend. If you are not learning to earn, you will learn to learn.
In the hierarchy of investment assets comes second. Because if an investor refuse to pay to learn, They have no choice but to pay to the trend. If you are not learning to earn, you will learn to learn.
This actually makes sense given the fact that most of the people have invested into cryptocurrencies, yet they experienced losing on their investments.
The greatest example that I could provide is the event that transpired back in the last quarter of 2017. The price of BTC during that year skyrocketed from ~$2,000 to ~$17,000 during the last quarter of that year. When majority of the people found out about this, they quickly joined the trend without even knowing and understanding the fundamentals of cryptocurrencies. After a few weeks/months, the prices dropped to around $7,000-$10,000 and those people spread negative news about investing into BTC.
Again, if you are planning to invest in ANY platform, please do your respective researches on the subject. Like OP mentioned, investing because of the trend can lead to learning valuable lessons.
Investment is a game of knowledge the less you know the less the pay the more you know the more the pay. When it comes to what comes first in crypto investment i tell my friends it is knowledge,When good foundation and well structured knowledge meets the market structure and trends losses are reduced to the minimal. Good knowledge attracts investors and once trust is established it grows into a mega establishment. The trend is no respecter of any analyst or speculator. Get the skill and save the bill
In the hierarchy of investment assets comes second. Because if an investor refuse to pay to learn, They have no choice but to pay to the trend. If you are not learning to earn, you will learn to learn.
Wise investors are more knowledgeable and more skilled on their chosen investments, that way they can feel more secured that there is a brighter future for their investments waiting ahead. However, if you just invest because others are hyping it and you only follow what they say, that's not being knowledgeable, but being stupid. So if you want to succeed in any type of investments, acquire knowledge first and develop your own strategies. That is the very basic strategy so you can maximize your profits even in not so profitable coins. In the hierarchy of investment assets comes second. Because if an investor refuse to pay to learn, They have no choice but to pay to the trend. If you are not learning to earn, you will learn to learn.
The more you know about Bitcoin trading the more the money, the less you know about Bitcoin trading the lesser the money.
You're talking about investment on your thread, now you replied with trading analogy. Investment and trading are completely different.If today we know the in-depth knowledge of bitcoin and its intrinsic property, there wouldn't be shitcoins on market cap, believe me, when I say this, it is the lack of knowledge they suffer from that's why you see them shouting Buy Shiba, Buy doge, Buy baby $h*t, and somebody will just use his paycheck to buy the nonsense tokens and think they have invested in the right projects. 
I understand what you mean, but if we talking about the current condition, even Bitcoin reach $100K, it's only 3x from the current price right now. While shitcoins they could earn more and they could rekt. Self before asset is correct, but a knowledge has nothing to do with price and investment, it help you to choose the correct asset without looking about the price. 
Investment is a game of knowledge the less you know the less the pay the more you know the more the pay.
I don't know, I feel like I have a different opinion.
"The less you know the more you pay (lose), the more you know the less you pay (lose)".
Because investment will not grow many times over overnight, unless that is the assumption of greedy people with little knowledge. Shitcoin schemes and scams always manage to fool new people.
Investment is a game of knowledge the less you know the less the pay the more you know the more the pay. When it comes to what comes first in crypto investment i tell my friends it is knowledge,When good foundation and well structured knowledge meets the market structure and trends losses are reduced to the minimal. Good knowledge attracts investors and once trust is established it grows into a mega establishment. The trend is no respecter of any analyst or speculator. Get the skill and save the bill
In the hierarchy of investment assets comes second. Because if an investor refuse to pay to learn, They have no choice but to pay to the trend. If you are not learning to earn, you will learn to learn.
"The more you know, the more the pay"is probably not easy to get especially when learning. It will take time, it will take losses when it comes to investment, it will take sometimes your health and lot of things you need to sacrifice. I'd say your health comes first before anything else, if you won't have a healthy body the rest will follow to decrease.In the hierarchy of investment assets comes second. Because if an investor refuse to pay to learn, They have no choice but to pay to the trend. If you are not learning to earn, you will learn to learn.
Yeah and that's why crypto investment is not a race, it's a marathon and a journey to all of us. When I enter I don't know about the bull/bear cycle. Just to happen that I join early 2017 and the market begins to see huge gain leading up to the December all time high. But it then changes to it's another form which is bear market and I didn't know how to react. And here we go again, learn from the past and so maybe this time I wouldn't panic or nervous like the last time. So knowledge is the key here.
Investment is a game of knowledge the less you know the less the pay the more you know the more the pay. When it comes to what comes first in crypto investment i tell my friends it is knowledge,When good foundation and well structured knowledge meets the market structure and trends losses are reduced to the minimal. Good knowledge attracts investors and once trust is established it grows into a mega establishment. The trend is no respecter of any analyst or speculator. Get the skill and save the bill
In the hierarchy of investment assets comes second. Because if an investor refuse to pay to learn, They have no choice but to pay to the trend. If you are not learning to earn, you will learn to learn.
"The more you know, the more the pay"is probably not easy to get especially when learning. It will take time, it will take losses when it comes to investment, it will take sometimes your health and lot of things you need to sacrifice. I'd say your health comes first before anything else, if you won't have a healthy body the rest will follow to decrease. In the hierarchy of investment assets comes second. Because if an investor refuse to pay to learn, They have no choice but to pay to the trend. If you are not learning to earn, you will learn to learn.
First of all when someone invest on something without prior knowledge then they are simply taking the chances which also called as gambling. Returns are secondary because it is not assure or the assured returns are far less than the potential for real investors so the risk factor is always there but when we know the asset and how the future is going to be then we may not worry that much when it bumps or dumps.
Investing in knowledge is not easy as it takes a long time to master it, people often ignore to learn first because there are others that claims they are pro when it comes to crypto trading/investment. They just charge you with a small fee then they promise a trading signal for few months. Investing in knowledge is not anyone can do, it also requires a discipline that will help you to control your emotion on different market situations. Like myself even if I learn, my emotion will just ruin my trading plan so I'd rather just hodl my crypto investments.
Acquiring the knowledge of your investment, is an investment in itself. Granted, the majority seem to neglect that.
I tend to agree with this answer, it seems very relevant to the OP's question. Acquiring first knowledge is very important, your capital to this is only your precious time to gain knowledge, and that knowledge could be the key which is the right investment to invest.
That's why newcomers in the crypto space usually fall into the trap of scammers because they didn't acquire knowledge first before they invested in crypto.
Learning which is the potential projects that give ROI upon your investment and not the shitcoin, also knowledge on how to store your crypto into a safe wallet, not on the exchange. Very common mistakes that repeatedly happened because of a lack of knowledge.
Knowledge will always comes first if you want to be successful in so many things not just in trading or in the crypto market. That's why it's important to invest more on knowledge to become successful in the future, I've seen some people that did that but it cost them great although the rewards is satisfying if you could allow yourself to become discipline and patient to learn things especially in this crypto market.
Not everyone could do that but if you are in that position you really need all of the discipline and patience on how to control your emotions. That's the risk that is worthy to invest and not all people would go through that that's why trading is not for everyone.
Not everyone could do that but if you are in that position you really need all of the discipline and patience on how to control your emotions. That's the risk that is worthy to invest and not all people would go through that that's why trading is not for everyone.
It is wise and good to tell your friend aboit the basic thing needed for investment, especially in crypto. It is right, knowledge is one of the keys. Otjers are the ability to analyze, managmenet of fund, control of emotions. This is important if we wnat toninvest in anything. At least, we know what we put the money. We know the risks, the chance of return, the fake investment, the scams, and many ithers.
So far, we have seen so many people becoming victims of fake investment, scams, and also lose money in hype projects and shit coins. This is sad because people always put first eager to be rich instantly and very soon. But they don't want to learn more.
So far, we have seen so many people becoming victims of fake investment, scams, and also lose money in hype projects and shit coins. This is sad because people always put first eager to be rich instantly and very soon. But they don't want to learn more.
First of all when someone invest on something without prior knowledge then they are simply taking the chances which also called as gambling. Returns are secondary because it is not assure or the assured returns are far less than the potential for real investors so the risk factor is always there but when we know the asset and how the future is going to be then we may not worry that much when it bumps or dumps.
That is why when people come to the market to invest and then they lose, probably they are more rich quick earners and that they spend no time for acquisition of knowledge. That's when investments turn into gambling. But if they start it the right way by gaining research first before entering the market, most likely there will be higher chances to acquire profits than losing your capital you put into investing. Jump to: