Which one is important? Knowledge or Experience? Or both in Bitcoin Learning! - page 4.

Litzki1990

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Quote from: tjtonmoy on April 22, 2023, 11:55:09 AM

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.

Knowledge and experience are both essential. If you don't have any knowledge or idea about a subject then how can you gain experience in that subject. Before experience we have to take concept and gain knowledge about it then we can have experience about it.

Even if you are going to interview for any job these days, they will give more preference to an experienced person. If everyone gives more priority to experience then what is the way for those who want to gain experience.

Suppose you go for a job interview in a hospital with highest degree in medical education and the interview board asks you to tell about your experience then what will you answer them because you have no experience of working before you have acquired various knowledge just to get medical education And if you have an idea about different things then you are not eligible for the job.

It is not the case that everyone should be given a chance to gain experience. Knowledge, ideas, knowing about something, and education should be valued, not just experience.

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Quote from: AnonBitCoiner on April 25, 2023, 02:21:01 PM

Quote from: tjtonmoy on April 22, 2023, 11:55:09 AM

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.

Actually when a person get knowledge and then he used this knowledge for further success in future then he achieved Experience and I think that in crypto Experienced individuals make mistakes too because there is no any human who are free of fault and mistakes.

A person always first learn but if he has no experience then it is something difficult for getting benefit out of it as performance matters a lot. Like if a person says that he knows each and everything but if he cannot perform well in real life then his knowledge is useless. So knowledge and experience both play an important role for one's profitable future we cannot ignore any of them.

Knowledge is useless if you wont really be putting yourself into actual condition which you are engaging into something which you would make use on what you have known.If you wont
really be making some action then it would really be entirely useless and this would be entirely be different compared to those who are eager to take some action and do make
out some movement basing up on what he would really be planning on doing. Experience is needed and gaining knowledge is inevitable along the way
which is something that one would be able to gain up.

Quote from: Davidvictorson on April 25, 2023, 01:55:42 PM

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.

All of us starts on being a noob on when the time we do continuously doing a certain thing basing on what we are trying to do, despite of the errors and mistakes
that you are experience, you would be able to gain up that experience until you are aware on what are the things that you should do in next time since you are already
getting that kind of awareness or on thing that must avoid. Rinse and repeat until you do get it done well and this what makes you knowledgeable.

AnonBitCoiner

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Quote from: tjtonmoy on April 22, 2023, 11:55:09 AM

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.

Actually when a person get knowledge and then he used this knowledge for further success in future then he achieved Experience and I think that in crypto Experienced individuals make mistakes too because there is no any human who are free of fault and mistakes.

A person always first learn but if he has no experience then it is something difficult for getting benefit out of it as performance matters a lot. Like if a person says that he knows each and everything but if he cannot perform well in real life then his knowledge is useless. So knowledge and experience both play an important role for one's profitable future we cannot ignore any of them.

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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.

usekevin

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Which eye you will choose,if anyone asked to donate one.No one accept anything for this question,because both the eyes are important.The knowledge can be achieved using the experience,every year in the cryptocurrency field.You will learn more from it,experience help us to earn money in some day.The trading experience was important one as compared to the trading knowledge.With the experience,we know the previous curve of the price.So we can plan to buy at certain price and sell at certain price.It only obtain with the trading experience and not with the knowledge itself.Sometimes knowledge fail but experience never fails.

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Quote from: tjtonmoy on April 22, 2023, 11:55:09 AM

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

Regarding your question above I think Knowledge and related experience are equally important in learning Bitcoin in my opinion because Knowledge provides a foundation for understanding the technology, its history and potential use as well as the technical aspects of Bitcoin, such as how it works, how transactions are confirmed, and how the blockchain functions.

Understanding the theory behind Bitcoin is one thing, but having hands-on experience using and trading it is another and I think experience can help us gain a deeper understanding of how the technology works in practice, as well as how to navigate the market and make sound investment decisions. This experience can be gained by investing in Bitcoin, trading and using it for transactions.

CreativeCat

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Both knowledge and experience are important for success. Knowledge provides theoretical understanding, while experience helps in practical application. Seeking advice from experienced individuals is crucial, but continuously updating knowledge and gaining hands-on experience is also important. Experience alone based on flawed or outdated knowledge might not be enough. Learning about Bitcoin is an example where seeking advice from someone with hands-on experience is wise. Updating knowledge and skills continuously is essential.

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Quote from: LDL on April 22, 2023, 12:08:12 PM

Quote from: tjtonmoy on April 22, 2023, 11:55:09 AM

Now you want to learn the best. To whom do you go first? One with knowledge or one with experience?

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

_tjtonmoy

Both knowledge and experience are very important for human life but in practical terms experience is more important than knowledge.
Suppose you and I have equal knowledge and degree from the same institution in the job field but if you have more experience than me in the job field then you will be given more priority in the promotion.
But one thing is very important that you cannot be experienced until you acquire some knowledge on that subject. Moreover, knowledge in the field of Bitcoin must be acquired, but in addition to acquiring knowledge in the field of Bitcoin trading, one must have a lot of experience in Bitcoin trading.

In bitcoin knowledge and experience is important. If all the knowledge have been acquired we still make mistakes that we need to be corrected by experience. I see Bitcoin investment or trading as a journey, in this journey I think knowledge from ready articles is not enough, we come across personal experience that can never be erased forever. I think the two are important, they are both needed, experience is best teacher. Some mistakes occur because of lack of experience but having experience it will be hard for same mistakes to reoccur.

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Quote from: ivankoh on April 25, 2023, 10:39:44 AM

I think Knowledge is theory, experience is practice. I will be more inclined to experience to succeed because everything has experience, right or wrong to change and improve, you can respond to any market situation with what you have experienced. Over time, skills will also be accumulated and that is experience. To gain experience you have to accept "pay" for them. I think knowledge will be required but it will not be an option in this regard.

Same, both are needed to improve your bitcoin learning. Knowledge helps you understand the fundamental concepts and principle of bitcoin, including how it works, it's benefits and drawbacks, and various ways it can be used. Knowledge can be gained through reading articles and books and engaging in online discussion with experts in the field like this community.

Experience, on the other hand, allows you to put that knowledge into practice and gain deeper understanding of Bitcoin through first hand interactions with technology. Gaining experience can be buying, selling, and trading, setting up a Bitcoin wallet, and mining.

ZAINmalik75

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Quote from: cydrix on April 25, 2023, 11:21:32 AM

Although both experience and knowledge are crucial for a healthy human life, in actuality, experience is more crucial than knowledge.
Let's say you and I both possess the same knowledge and degree from the same university in the field of employment, but if you have more experience than I have, you will be given preference in promotions. But it's crucial to remember that you can't claim to be knowledgeable about something unless you learn something about it. In addition, it is necessary to get information in the area of Bitcoin, but in order to trade Bitcoin successfully, one also needs a lot of experience.

Here I agreed with you about this all but still we need to be more knowledgeable which will help us about bitcoin and experience is also important, but this will be available after having any better platform where we will have better peoples those will guide us about this all, and then we will have more knowledge and experience for me knowledge is key for this because if you have enough then surely from this point you will be able to have experience and more use case of this all without any knowledge no one will be able to help you, and then you will be not able to have any experience which is possible after having degree and knowledge most cases needs knowledge and after this we will have experience which increase our knowledge.

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Quote from: tjtonmoy on April 22, 2023, 11:55:09 AM

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.

Every experienced person in bitcoin begins with learning, through learning you receives alot of ideas that get you the knowledge needed about bitcoin and doing it over time gives you the experience in it, the two work in hands a d everyone that has bitcoin experience today started from somewhere, not until we give it a bold step to first begin we may continue to postpone our live experience in knowing about bitcoin.

Quote from: tjtonmoy on April 22, 2023, 11:55:09 AM

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.

The two both work in hand, learning process is not as easy as thought or expected but when you're now good at it, you become an experienced user that teaches others too and the best way to retain what you know is to bring others to the understanding as well that they should benefit such through you.

cydrix

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Although both experience and knowledge are crucial for a healthy human life, in actuality, experience is more crucial than knowledge.
Let's say you and I both possess the same knowledge and degree from the same university in the field of employment, but if you have more experience than I have, you will be given preference in promotions. But it's crucial to remember that you can't claim to be knowledgeable about something unless you learn something about it. In addition, it is necessary to get information in the area of Bitcoin, but in order to trade Bitcoin successfully, one also needs a lot of experience.

ivankoh

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I think Knowledge is theory, experience is practice. I will be more inclined to experience to succeed because everything has experience, right or wrong to change and improve, you can respond to any market situation with what you have experienced. Over time, skills will also be accumulated and that is experience. To gain experience you have to accept "pay" for them. I think knowledge will be required but it will not be an option in this regard.

Adams0001

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Knowledge and experience are both valuable in life, but if I had to pick one, I would go with knowledge. Because the majority of knowledge is based on experience. Reading books or surfing the internet will teach you a lot, and the writings are frequently based on other people's experiences. Of course, reading is not the only way to learn about life. It's always a mash-up.

Knowledge is also easily shared with others and has the potential to last for decades or centuries. In general, experience is more subjective or intersubjective. And those (inter)subjective experiences will be exchanged, resulting in knowledge. And knowledge is what is disseminated and maintained.

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Practicing will make you learn faster because you might got bitter experience or making a mistake.

Relying on knowledge, you will not really understand deeply and confuse about few things. But the good thing is you will not get bitter experience or mistake because you've learn how to choose something and carefully enough.

It's not only limited to Bitcoin learning, but anything is similar.

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Quote from: bangjoe on April 25, 2023, 08:54:49 AM

Wrong and right are the conclusions that we get from the reasoning process that you make and depending on how your mindset concludes, because of that you will get different people's thoughts about wrong and right at the same point.
Which gist we should get first from these two contexts depends on your situation, too much learning theory without implementation is also not a good thing. In this study it is best when learning can be accompanied by implementation, so that it is faster at the mature knowledge stage of learning outcomes and application.

I get your points mate but we're not talking about the reasoning stage but rather we're now focusing on the action stage where one has to decide either to go for knowledge or try getting experience and hoping to get the knowledge along the process of trying to get experience as well.
And I agree with you that too much learning without implementation is absolutely not a good thing and most times when we get knowledge, it is better unimplemented than trying to implement them and there are cases where we just have to get theoritical knowledge of mostly the past not because we want to change the past or go back to time because we are trying to stay knowledgeable so as to learn from the mistakes of people in the past to be able to make precise Decisions if faced with similar situation in the future.
Now I also believe that it is best to acquire the right knowledge about a thing before attempting that very thing
Hence, it is advisable to get knowledgeable but going for the experience that would leave a physical result.

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Quote from: tjtonmoy on April 24, 2023, 12:29:49 PM

I have read almost every reply. And from what I have come to known that, some of you agree with that and some of you don't. I also have learned something from this.
The process we start from is learning. As we learn, we gather knowledge. And when the knowledge is put into practice, we gain experience. Then it all comes back to a circle. When we experience new things, we learn more, thus collecting more knowledge. Then we apply them in works and gain the experience again. It will keep happening over and over until we become a master at it.

You make your own experience by putting previous ones together, and you come up with a new one.

This has been a great learning session for me. Thanks to everyone for sharing your thoughts. Hope this will help others too.

Basically knowledge and experience cannot be separated from the rotation of the human learning wheel in living his life, knowledge and experience are two elements that humans will get from their daily activities, in the process humans respond to this activity as an experience that produces knowledge. be it from the experience of other people in written or unwritten, the results of research and other studies on something related to knowledge can be obtained because experience includes the context of experience of thinking or imagining.
Included in the reasoning and actions or activities related to bitcoin will be an experience and knowledge that the more you deepen it, the more conical it will be to a conclusion.

Quote from: Obari on April 24, 2023, 02:00:59 PM

Experience is great but have you thought of the possibilities of one having all the wrong experiences over a longer period of time without actually getting it or figuring out what is actually right ?
If you've though of that, then you'll agree that knowledge is great because having the right knowledge is paramount because with the right knowledge, one might get the right experience but with just experience, one might still be wallowing in the wrong knowledge.

Whatever the case might be, it is always best to have both knowledge and experience and while getting them both, it is better you get the knowledge before the experience rather than trying to get experience before knowledge.

Wrong and right are the conclusions that we get from the reasoning process that you make and depending on how your mindset concludes, because of that you will get different people's thoughts about wrong and right at the same point.
Which gist we should get first from these two contexts depends on your situation, too much learning theory without implementation is also not a good thing. In this study it is best when learning can be accompanied by implementation, so that it is faster at the mature knowledge stage of learning outcomes and application.

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in any case, I think knowledge and experience are needed, and if we talk about bitcoin or cryptocurrencies, then both things are very much needed. Many people without knowledge enter the world of this investment, and suffer losses. it is because he has no knowledge and experience and only follows the trend. Very many examples of this. what needs to be realized is that the crypto world is very risky, without knowledge or experience, the risk will be greater than the potential profit you can get. moreover there are so many scammers trying to trap new investors.

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Quote from: tjtonmoy on April 22, 2023, 11:55:09 AM

Now you want to learn the best. To whom do you go first? One with knowledge or one with experience?

Knowledge comes from mere reading of books while experience comes from encounters with real life issue. Knowledge is theory while experience is practical. Little wonder they say experience, not knowledge, is the best teacher. It used to annoy me during job huntings and years of experience was asked as part of the criteria for employment until I realized the place of experience in job placements. Now I know it has to be experience over knowledge. A man with experience is better on a job than the one with knowledge. I choose experience over knowledge.

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Quote from: GreatArkansas on April 23, 2023, 07:37:52 PM

Quote from: tjtonmoy on April 22, 2023, 11:55:09 AM

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.

I agree with this, I already experienced this before especially when I started to learn Bitcoin.
I tend to ask questions to people who got more experience because I believe as they stay longer in a thing, they more familiarize it and master it, so it means they are good on what they are doing as they know what they are doing.

Experienced people will definitely be a lot of help to those who are starting in bitcoin. From them, we can accumulate more knowledge and even build our skills after. And by hearing their experiences, we also tend to create the same experiences as that will guarantee that we will be future successful investors like them too. So eventually, both knowledge and experience are the keys for a successful bitcoin investing and trading.

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