Topic: Self before asset - page 2. (Read 277 times)

Before investing, you must seek as much information as possible to choose the type of investment you want. This also applies to investing in crypto because there are many projects you can choose as your investment apart from choosing bitcoin as your main investment. The more information you can gather, the better chance you have of finding the right project, which means you have an opportunity to profit later. As an investor, we also have to know how much money we want to use as our investment and never use the money we can't afford because that is an important key in investing.

As an investor, it's important to have the whole idea being understood before you trust it with your hard earned money.

This is one of my rule to whom I ever talk with when it's about investing. If you don't have an idea and you want to invest, that's where we say DYOR and that's really a must thing to do.

I've seen investors who failed with most that they do because they keep on jumping from one investment to another without knowing it first. They're the typical hyped investors and only rides an investment due to hype and not with the knowledge they have.

It is difficult to predict the direction of the price of Bitcoin based on knowledge, technical analysis or any method, it will fail at some point.

Therefore, if we are talking about investment, sometimes knowledge may lead to losses in the short term, but following the easy rule that says (buy when others sell, the more The price has decreased significantly, buy more, do not buy with money you will need soon, do not sell until after you make profits) all will be the ideal recipe for achieving the largest amount of profits with the least effort.

Knowledge of crypto/bitcoin basics is good so that you do not lose all your coins by sharing the private key and other ways in which beginners lose their money.

Acquiring the knowledge of your investment, is an investment in itself. Granted, the majority seem to neglect that. You don't need to be the next Einstein or even know the ins, and outs of it. You just need a good enough understanding to know why it'll be successful, how to use it, and how to secure it. Those things should be enough to convince you that even with blips in the road, you'll have the confidence that it will recover.

I consider Bitcoin really unique, since it's the only investment I have absolute faith in. No other investment do I have the level of confidence in. That comes with its own risks, and ultimately I might be wrong. However, confidence really does help you when the market takes a downward trend.

Now, don't get it wrong that confidence doesn't come from nothing, it comes from having enough knowledge to know why Bitcoin will be successful, and most blips will just be that, bumps in the road. Unless, something truly significant happened, Bitcoin should continue to rise in the near future. There's likely a ceiling, but no one truly knows what that might be. Also, depends on the technology, and concepts that come out in the next few years, we could see something that ultimately improves Bitcoin, whether or not that means it gets integrated or coincides with Bitcoin.

You won't have to expect something if you're not even good at it. So same goes for investments, you have to be knowledgeable and skilled at first so you will never go wrong with your decision making. Although mentors do exist but you can't rely on them the whole time. So be responsible in all your investments not to create some mess in the end. Knowledge is power as they said.

Ignorance is a whole lot more costly than knowledge. When you're knowledgeable in matters regarding financial investments, you will know what assets to abstain from and where you should put your monies. Of course, being knowledgeable doesn't mean you will always make profit on all investments but it helps you avoid losses a whole lot less because you can easily spot red flags and loopholes or falling victim of scams.


Pay to learn the nooks and crannies of whatever you're investing your money into so that  you don't lose your money, thereby saving the bill

It's just like the words of the geographical scientist who says "the higher you go the cooler it becomes". In everything setting either crypto or not, knowledge is paramount and it doesn't only attract investors as the OP because it also attracts more interest in terms of the person's investment.

Investment just for the sake of its literary meaning doesn't profit anyone anything. It simply means one is investing because others are doing it and not because one truly understands the rudiment of investment. A better way to start with investment is DYOR first.

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But of course, there are those who ride on its back to profit. I think trend respects those who understand its direction. The only people it disciplines are those who swim against it.

The more knowledge you have about investing, the more you can profit.  And if you have little knowledge about investing, you can't make much profit.  So you need to gain more knowledge before investing.

Yes you are right that mate through learning you can build your way to success, it because If you have enough knowledge then you know what to do. You can avoid such serious mistakes. If a person is have enough knowledge about investment and other related crypto currencies discussion then once they try to invest the chance of being scammed is too low and they will be successful and gain a lot of profits.

That sentence is a wisdom phrase, you even need the wisdom to decode the message OP is passing to everyone. 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. 

The more you know about Bitcoin trading the more the money, the less you know about Bitcoin trading the lesser the money. I know of a friend and colleague who did a few week trading program and felt he has know everything he needs to make it in the crypto industry. To him he feels he can make predictions and analysis and the trend will obeys his preds.

Learning is the first really prioritize over earning. Everyone is bit aware of this principle unless they are really after the money. Its the same here in forum. Invest on knowledge and youll likely be succesful on earning later on.

Not all have the same apetite for learning and they think its not gonna be worth it and finding a more easier way to earn. Well thats nut and obviously they will suffer the consequence at all and they realize it later on when its already too late.

This sentence indirectly saying, if you only know Bitcoin, you will earn less money, but if you learn more about shitcoins, you will earn more of the pump and dump scheme.

There's no relation between knowledge and the money you can earn through investing. Knowledge is needed to make you understand before start invest and it's for long term. If you're aiming shitcoins, it's a trading or gambling.

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.

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.