Both are as important in my opinion.
Knowledge without the resources will go nowhere and just having the resources will almost guarantee you of failing if you have the resources then you should do everything there is to learn about crypto or whatever can be used to make profit with your money and if you only have the knowledge to start with you should also start finding ways to find the money to put this knowledge in action. Others may argue which one is more important but like I said if you only have one out of the two, there would not really be a lot of progress. We should aim for higher standards and make sure that we are not stuck in one place and always try to improve on what we lack.
Also, I do not know does this fit bitcoin discussion exactly?
Topic: The Power of knowledge. - page 2. (Read 281 times)
Crypto knowledge is sometimes underrated especially with what most of this acclaimed signal providers are doing in recent times, they try to make it look like it's so much of a work trying to get knowledge when you can actually make money with their signals alone without having to to really get the knowledge and trying to trade, but even with the signals you may not make the most of it if you don't have the much knowledge because away from placing trades, you still need knowledge to manage your risk and know how well to apply the signals such that it becomes profitable for you.
If you have knowledge - you would never look for said signals, that's a given.
These can only be perceived from the lenses that it's a tip, not a guideline on what to do. Other than that, your way of things will always be better than somebody else's simply because you can learn on your own mistakes.
I know alot of new beginners we want to conquer what I'm about to say,but that's the truth,is not all about I want to do crypto,give me capital,I we become rich over night all this statement are nothing without proper knowledge of the crypto market, is nonsense.i say and I qote if you want to help a person for a day give them crypto,if you want to help a person for a life time teach them crypto.new beginners should just forget about those coaches online,saying just follow my signal, what if the coach die or something happens to the coach,that means you are left at the middle of no where,so my dear go for knowledge if you know you know there is no doubt about it.
Crypto knowledge is sometimes underrated especially with what most of this acclaimed signal providers are doing in recent times, they try to make it look like it's so much of a work trying to get knowledge when you can actually make money with their signals alone without having to to really get the knowledge and trying to trade, but even with the signals you may not make the most of it if you don't have the much knowledge because away from placing trades, you still need knowledge to manage your risk and know how well to apply the signals such that it becomes profitable for you.
You are right, without having knowledge about cryptocurrency it is impossible to succeed even if you don't want to be a trader and you decide to be a long term Bitcoin investor you still need to have knowledge about Bitcoin investment at least the basic knowledge which is knowing how to create your own wallet and protect it and how to start accumulating and you can start however after starting you still need to acquire more knowledge about Bitcoin like knowing different strategy of accumulating Bitcoin and knowing the history of Bitcoin investment.
In what ever business you want to go into you need to have knowledge about that particular business if you want to succeed in it, for example you can't just go into real estate business without acquiring knowledge about real estate, a lot of people that fail in business are because they lack proper knowledge about that business, so if you want to start crypto investment you need to acquire the basic knowledge needed then you can start then along the line you will be knowing more about it, don't allow people to do things for you when it comes to crypto investment learn and do it yourself to avoid being scammed.
In what ever business you want to go into you need to have knowledge about that particular business if you want to succeed in it, for example you can't just go into real estate business without acquiring knowledge about real estate, a lot of people that fail in business are because they lack proper knowledge about that business, so if you want to start crypto investment you need to acquire the basic knowledge needed then you can start then along the line you will be knowing more about it, don't allow people to do things for you when it comes to crypto investment learn and do it yourself to avoid being scammed.
The power of knowledge is potent when you find out the knowledge for yourself.
A common phrase is do-your-own research and not "let-others-do-your-own-research". In doing your own research you are "empowered". You can argue for or against a statement based on the facts of what you know from the knowledge you have gathered and not from what others have told you. But this knowledge that empowers will take time and years. It is an investment that pays handsomely.
If you have knowledge and act on it, you will become rich. This applies to crypto as well.
A common phrase is do-your-own research and not "let-others-do-your-own-research". In doing your own research you are "empowered". You can argue for or against a statement based on the facts of what you know from the knowledge you have gathered and not from what others have told you. But this knowledge that empowers will take time and years. It is an investment that pays handsomely.
If you have knowledge and act on it, you will become rich. This applies to crypto as well.
Agreed. Everybody can say X, but you, judging on your own experience and knowledge, would do Y.
It may be wrong, but it would be your wrong action. And that is what matters most.
Acquiring sufficient amount of knowledge is a must do before you try to enter the market. Invest in yourself first before going in a real risky investment. That will be your weapon not to fall against scams, and that will be your asset so you won't be investing at a loss, but make sure profits are waiting ahead. And lastly, turn your crypto knowledge into skills, and that's where passive income starts.
Knowledge is essential for success in any business or financial endeavor. If you understand the market and gain knowledge about it, you will avoid being a victim of online scammers. Probably I know someone who is into crypto trading, has a good understanding of crypto, and has made a lot of money from it. And he uses his skills to teach others how to trade by collecting funds and conducting online classes with beginners to guide them through the trading process. And everything is going fine, what I'm trying to emphasize here is that not all mentors in online classes are scammers, some are willing to help others reach their goals. But some are scared to learn because anything in this life you need to sacrifice before you can achieve your goals.
if you think you won't spend money to learn you will never satisfied and you won't understand all about it. Some people spend a lot of money learning so that they can educate others and make money from it. If you have acquired information about cryptocurrency, anyone who attempts to con you will be caught, thus we should be learning every day and becoming more experienced.
I know alot of new beginners we want to conquer what I'm about to say,but that's the truth,is not all about I want to do crypto,give me capital,I we become rich over night all this statement are nothing without proper knowledge of the crypto market, is nonsense.i say and I qote if you want to help a person for a day give them crypto,if you want to help a person for a life time teach them crypto.new beginners should just forget about those coaches online,saying just follow my signal, what if the coach die or something happens to the coach,that means you are left at the middle of no where,so my dear go for knowledge if you know you know there is no doubt about it.
The power of knowledge is potent when you find out the knowledge for yourself. A common phrase is do-your-own research and not "let-others-do-your-own-research". In doing your own research you are "empowered". You can argue for or against a statement based on the facts of what you know from the knowledge you have gathered and not from what others have told you. But this knowledge that empowers will take time and years. It is an investment that pays handsomely.
If you have knowledge and act on it, you will become rich. This applies to crypto as well.
Acquiring sufficient amount of knowledge is a must do before you try to enter the market. Invest in yourself first before going in a real risky investment. That will be your weapon not to fall against scams, and that will be your asset so you won't be investing at a loss, but make sure profits are waiting ahead. And lastly, turn your crypto knowledge into skills, and that's where passive income starts.
The ironic thing is, the more you learn, the more you notice that you know only so little and it makes you feel insignificant and then it feels like you don’t have enough time to learn all that stuff which you don’t know.
I also noticed the bravest investors are either very wise&experienced (because they exactly know what they are doing) or it is the exact opposite… Inexperienced investors take huge risks and they eventually lose their capital because they lack knowledge and their luck runs out eventually.
If you want to be a good trader/investor, you better don’t depend on other people’s trading signals. Most of them are scammers anyway.
I also noticed the bravest investors are either very wise&experienced (because they exactly know what they are doing) or it is the exact opposite… Inexperienced investors take huge risks and they eventually lose their capital because they lack knowledge and their luck runs out eventually.
If you want to be a good trader/investor, you better don’t depend on other people’s trading signals. Most of them are scammers anyway.
I know alot of new beginners we want to conquer what I'm about to say,but that's the truth,is not all about I want to do crypto,give me capital,I we become rich over night all this statement are nothing without proper knowledge of the crypto market, is nonsense.i say and I qote if you want to help a person for a day give them crypto,if you want to help a person for a life time teach them crypto.new beginners should just forget about those coaches online,saying just follow my signal, what if the coach die or something happens to the coach,that means you are left at the middle of no where,so my dear go for knowledge if you know you know there is no doubt about it.
We have so many of those coaches on YouTube, they will tell you " oh don't worry, just follow my signal and you will be cashing out big time, you just have to subscribe to my private channel and I will be dropping the signals there ". Trust me there are millions of gullible one's among us that will easily fall for those trick, you know why, most people are just too lazy to think with their own head, so they believe somebody else can help them do the thinking and at the end, they become another victim.Crypto is knowledge base, whatever urge your having in terms of making profit on the immediate should be channelled in the knowledge part, the key to survival in a volatile environment as that of the crypto is knowledge, so seek yeh knowledge first and every other thing will be added onto you.
I know alot of new beginners we want to conquer what I'm about to say,but that's the truth,is not all about I want to do crypto,give me capital,I we become rich over night all this statement are nothing without proper knowledge of the crypto market, is nonsense.i say and I qote if you want to help a person for a day give them crypto,if you want to help a person for a life time teach them crypto.new beginners should just forget about those coaches online,saying just follow my signal, what if the coach die or something happens to the coach,that means you are left at the middle of no where,so my dear go for knowledge if you know you know there is no doubt about it.
Like I'll always say to any newbie in trading, if you know you really want the long term skill to help you become independent in the future and create a steady income, then you don't need someone's signals but their knowledge. Also not just any knowledge, but that of those who has had an experience with that market... Except you are holding and remember not all coin you are meant to hold... For holding, you just need knowledge of market structures and when to buy for long term hodl as well and keeping your funds safe. Knowledge is a long term archivements when it comes to cryptocurrency and trading in general so get it first then make your profits later...
a prime example of this is:
if a trader is just influencer following via copying trading signals. the naive trader learns nothing. but if the naive trader learns the economics of bitcoin, such as looking at the electrical costs of the planet and (with hardware costs added in) calculating minimum and maximum mining costs across the planet.
he can then see the value-premium window which bitcoin markets can then potentially speculate within during certain periods and can then see the market price within that window to see if its trading nearer to value or premium to know whens best to buy or sell without a need of an influencer
if a trader is just influencer following via copying trading signals. the naive trader learns nothing. but if the naive trader learns the economics of bitcoin, such as looking at the electrical costs of the planet and (with hardware costs added in) calculating minimum and maximum mining costs across the planet.
he can then see the value-premium window which bitcoin markets can then potentially speculate within during certain periods and can then see the market price within that window to see if its trading nearer to value or premium to know whens best to buy or sell without a need of an influencer
I know alot of new beginners we want to conquer what I'm about to say,but that's the truth,is not all about I want to do crypto,give me capital,I we become rich over night all this statement are nothing without proper knowledge of the crypto market, is nonsense.i say and I qote if you want to help a person for a day give them crypto,if you want to help a person for a life time teach them crypto.new beginners should just forget about those coaches online,saying just follow my signal, what if the coach die or something happens to the coach,that means you are left at the middle of no where,so my dear go for knowledge if you know you know there is no doubt about it.
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