Topic: Which one is important? Knowledge or Experience? Or both in Bitcoin Learning! - page 2. (Read 836 times)

Indeed, those who come into trading will already have some basic knowledge about it but it was not enough to become a good trader. But should not be a big deal because we are doing this, In actual trading we gain experience and more knowledge as well. They are both important in the sense that it is a must otherwise, we just go nowhere.

This is what it looks like;
knowledge + experience = success
So those who come in trading should not be thinking it works so easily as it takes time to develop all of these things until we gain success.

As you explained both of them are indeed very much needed because besides we have high knowledge but without a little experience then everything can feel difficult if we do, and currently there are very many people who are rich in experience but the knowledge he has is very little but with a big push from experience everything is easy to do because there is already a little knowledge that ups and downs so that it can be a lesson, So from there we will get new knowledge, then both are very important.

Your title makes zero sense op. An experienced investor obviously would have gained a lot of knowledge related to crypto trading. Theoretical knowledge vs practical knowledge makes way more sense here.

An investor with more practical knowledge is more reliable when compared to an investor with more theoretical knowledge for obvious reasons. This logic applies to literally everything.

Honestly, luck is way more important in crypto trading, mining etc.

Knowledge is theory, but without knowledge, you cannot start, you cannot trade or invest. It can be said that knowledge is an extremely important foundation for any newbie, and experienced people are very knowledgeable. To be successful in any field, we need both and we must combine them flexibly to achieve the desired results. To be honest, I have never seen a successful investor or make a lot of money saying they have no knowledge, or no experience. Both are necessary and sufficient conditions for a person to be successful.

knowledge without experience is still incomplete for me knowledge without experience cannot be relied on it's best to jump into the world of crypto both must be in themselves to be able to take a stand in difficult times, for example when coin prices fall most people panic their knowledge is good but without there is experience, he will release the coin, it's a careless attitude and a loss.

You can never go wrong if you trust a person who has high knowledge and high experience because surely, you will learn the best from him.

Knowledge alone may not work, just like experience without knowledge may not work either. That’s how important knowledge and experience are, the two should always be complementing each other.

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Let me know your thoughts. Or share some of your own experience.

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Experience is always the best teacher. That doesn't mean that knowledge is not require or neccessary. Someone who has experience is far better than knowledge because experience is series of hard work and multiple mistakes. Experience is practically achieved and knowledge is mostly theorical.
In bitcoin investment, i d' rather go to someone with much experience because he has made a mistake before and learnt from them.
Experience is the combination of theoritical and practical learning, so both are required.

In order to learn anything, we need the proper knowledge. In any situation, it is so important. And applying that knowledge in different situation and making wins and losses we gain experience.
So in that process, can you only depend on one thing? It is important to gain knowledge to be able to get the best results in any situation. But can you be successful with only knowledge and not without having enough experience?

Let me give you an example. So someone has browsed through the internet. He has gained a lot of knowledge on bitcoin.
And there's this other person who have been on the platform for a long time. He has gained experience based on his own work.

Now you want to learn the best. To whom do you go first? One with knowledge or one with experience?
Me personally, I will choose the one with experience. Because knowledge can be gathered from many sources. But the true meaning of best learning method is found in the one with experience. Because he may know something that the internet won't know. It is the same as reading a book and memorizing it. But you can't be an expert unless you have tried in yourself.

One more example that I want to say, which has happened to myself. I work the same thing others do. But when to teach that to a new guy, if they follow the basic learning knowledge. But when I teach them how to work, I showed them some shortcuts and way of doing things in a much faster and easier way.

So in conclusion, if you are new and want to learn something about Bitcoin, ask the guy who has a lot of experience. Then it becomes knowledge to yourself. Then applying that knowledge and going through some trials and errors, you can gain the same experience. It is important to learn them both in my opinion. But you need to follow the path of what to do when. That way, I am sure success is guaranteed.

Let me know your thoughts. Or share some of your own experience.

Experience is always the best teacher. That doesn't mean that knowledge is not require or neccessary. Someone who has experience is far better than knowledge because experience is series of hard work and multiple mistakes. Experience is practically achieved and knowledge is mostly theorical.

In bitcoin investment, i d' rather go to someone with much experience because he has made a mistake before and learnt from them.
Experience is the combination of theoritical and practical learning, so both are required.

In my opinion it comes down to what you want to achieve with your bitcoins. Let's say you heard about bitcoin's a lot and only want to understand what everybody talks about then knowledge is the thing you are after. Buying a book about bitcoin's or reading several articles online will likely do the trick. The same goes for someone who is looking at bitcoins for long term investing. As a HODL investor it's more about the knowledge than experience as you are not going to sell your coins. Only if you are looking at actively trading bitcoins you really need the experience. As a short term trader it's all about the experience and not so much about knowledge anymore. Having some basic knowledge is sufficient if you already have trading experience. It's more important to handle stress well, not react to your emotions and keep making rational decisions. So any new beginner should learn towards his goal.

So in conclusion, if you are new and want to learn something about Bitcoin, ask the guy who has a lot of experience. Then it becomes knowledge to yourself. Then applying that knowledge and going through some trials and errors, you can gain the same experience. It is important to learn them both in my opinion. But you need to follow the path of what to do when. That way, I am sure success is guaranteed.

The guy who has experienced was first a novice who acquired knowledge first and through several trials by errors, practice  and repeated practice. The way we learned about bitcoin was not through experienced, most of us started through a simple Google Search - searching for knowledge. Then we went on YouTube to watch a step-by-step tutorial on how to buy bitcoin on Binance, Luno or whatever crypto exchange app we were first exposed to. We followed the same process for other crypto related concepts. This was applying the knowledge to gain experience. We didn't first, second and third time until it became like second nature to us. Knowledge is important first. Just like a child learns to crawl first before walking, so it is with knowledge and experience.