Experience is the best teacher,I can read all the books of knowledge and someone who didn't read any book but he is always present during practicals will perform better than the one who read the book. Take someone with knowledge to the field,he will find it difficult to do things right at first,until someone puts him through.
Practical brings out the best on whatever that you are doing than someone with bags of knowledge without practicals. Let's take an example of using a cold wallet for bitcoin storage,where you need to generate your seed phrase in an airgap system. This is very technical and if you make any mistake,everything will be messed up. So many people in the forum are finding it difficult to put this into practice,even though they have the knowledge because they haven't put it into practice but if they see someone to teach them one-on-one,it will be very easy for them. I am an example, from my own perspective someone who is experience will do better than someone who doesn't practice but have the knowledge. Let's take example of a medical field,someone without experience but with all your knowledge is useless because you might end up taking a life.
Topic: Which one is important? Knowledge or Experience? Or both in Bitcoin Learning! - page 6. (Read 836 times)
April 23, 2023, 12:01:29 PM
April 23, 2023, 11:32:08 AM
The replies above are right, if we put things in simple terms it's like you acquire that knowledge through watching and reading while you only experience it when you try to apply your knowledge or what you learned from watching and reading. So basically you need both knowledge and experience in order to be effectively useful when doing trades and investment.
One thing I could say is if you already experience this and that, then it's useless and pointless to you because you don't have the required knowledge to understand what you have had experience. You still get back to the first page and that is gaining knowledge first so that you can understand what you have had experience. If you blindly follow someone without a certain knowledge you'll get lost in the process and that's a total waste of time when you could just do some research with that time instead of trying to copy someone. Basic is very important in all aspects of life.
One thing I could say is if you already experience this and that, then it's useless and pointless to you because you don't have the required knowledge to understand what you have had experience. You still get back to the first page and that is gaining knowledge first so that you can understand what you have had experience. If you blindly follow someone without a certain knowledge you'll get lost in the process and that's a total waste of time when you could just do some research with that time instead of trying to copy someone. Basic is very important in all aspects of life.
April 23, 2023, 11:18:03 AM
A helpful distinction for the op's line of thought would IMO be to speak of 'know what' and 'know how'. You can gain the 'know what' type of knowledge from reading about something, attending lectures, watching videos etc. In the op's example, it's browsing the Internet to learn (know what) about Bitcoin. But there's also 'know how' kind, which requires practical engagement (and is obtained through experience. You can know what a violin is, but it won't help you know how to play (be able to play). With Bitcoin, it's knowing what a crypto wallet is without having the experience (obtaining know how) of using it, or learning about trading but not practising it. So to me, what we choose depends on the purpose, and experience is also a way of obtaining knowledge, just a different kind of knowledge. Combining the two is usually the right way.
April 23, 2023, 10:47:21 AM
I think knowledge will have to come first, experience is something that you get along the way. Here's an analogy, knowledge is a map and experience is journey, the map has all the information you need but you need to trek the terrain personally or you will never grasp the full scope of the information. Knowledge and experience go hand in hand.
April 23, 2023, 09:52:35 AM
~
Knowledge would give you experience then experience would give you more knowledge. It's like a two-way flow. You learn Bitcoin then you apply that knowledge depending on what you pursued. Learned trading? Go and trade in whatever exchange you prefer. Learned technical stuffs? Go build a crypto related web app or build your own crypto coin. Just imagine being a carpenter. You know how each tools work, but how would you build a house if you only knew what each tools are used for.
April 23, 2023, 09:07:30 AM
My thoughts are aligned with yours, prioritizing experience over knowledge as the primary factor. Knowledge, in this case, serves merely as a support system. Both are valuable assets for an individual to possess.
An experienced person is typically more agile, quick-witted, and less flustered when aiming to achieve a goal. To broaden one's experience, the only way is to try and practice directly. Even without any knowledge at all, you can still gain valuable experience from what you have practiced.
Meanwhile, knowledge serves as a supporting aspect that can boost the final outcome. Imagine having sufficient experience and being aware of the step-by-step process to reach the ultimate goal. This significantly increases the probability of success.
If we apply this concept to learning about Bitcoin, you can gain experience in trading and investing in Bitcoin, while knowledge of timing and money management serves as a supporting factor that can make you more successful in Bitcoin.
An experienced person is typically more agile, quick-witted, and less flustered when aiming to achieve a goal. To broaden one's experience, the only way is to try and practice directly. Even without any knowledge at all, you can still gain valuable experience from what you have practiced.
Meanwhile, knowledge serves as a supporting aspect that can boost the final outcome. Imagine having sufficient experience and being aware of the step-by-step process to reach the ultimate goal. This significantly increases the probability of success.
If we apply this concept to learning about Bitcoin, you can gain experience in trading and investing in Bitcoin, while knowledge of timing and money management serves as a supporting factor that can make you more successful in Bitcoin.
April 23, 2023, 03:33:38 AM
If you only have the knowledge and theory without real combat experience, you are still considered a newbie, and a newbie will never be able to make good profits in the market. Therefore, knowledge and experience are equally important and need to be well combined to help us survive and make a profit in this market.
The knowledge you can learn from the internet and others, but with experience, you need to experience it yourself to build your own experience and skills, you can't buy or learn from anyone else.
The knowledge you can learn from the internet and others, but with experience, you need to experience it yourself to build your own experience and skills, you can't buy or learn from anyone else.
April 23, 2023, 03:29:30 AM
Both are equally important. Moreover we can’t compare both with each other, as in order to gain experience one must need to have sufficient knowledge. So both is important, first you need to gather immense knowledge, then using this knowledge, gain experiences. Now when you have both, use both to calculate the risks involved while investing in Bitcoin and try to make maximum profit from it. Op has mentioned all the points that are essential, so yes both are important when dealing with Bitcoins or cryptocurrencies.
April 23, 2023, 03:23:39 AM
I believe knowledge and experience go hand in hand, if you have experience you also have knowledge. and like when you study to be a doctor! You can't become a doctor just by experience but first you have to learn and know the job! having said that when I started with bitcoin I started from reading news on the internet, then went on to study the protocol and finally asked for advice from an expert in the sector! so for me too the choice fell on a person with experience. so I was able to sharpen my knowledge and put it into practice, but I don't consider myself an expert yet
April 23, 2023, 03:09:59 AM
For me knowledge and experience are both important. They should work together as a team, without knowledge it will be a lot harder to try any investment. I am pretty sure none of you would take a risk in investing if you did not even research on the road map of a particular coin on how will your investment grow to be able to take a profit later on. We should know the factors of the coin we are trying to invest cause without knowledge we might loose our investments. With experience it can teach us how to face risk and how to overcome losses.
April 22, 2023, 06:59:43 PM
In my opinion, knowledge and experience are closely linked and complement each other. I believe that without knowledge you can't gain experience and without experience your knowledge can't be applied effectively.
First, you should acquire sufficient knowledge and try to apply it to gain experience over time. I think without experience, achieving your goals may be really difficult and it would take a lot of times, since you need to back every time to the basis and try to learn from it. Obviously you need a strong foundation, which takes time to build, and then with experience, you'll learn a lot from both your mistakes and your successes.
If you want to learn something, then it's best to go to someone with knowledge. However, if you want to apply and see things physically, then experience is the next step.
For example, if you want to learn how to do crypto trading, you should first start by learning the basics of trading (there are many sources of information on the internet for this) so it's up to you how fast you would learn, after that you need to apply what you've learned to gain experience, especially learning from your mistakes and mastering the art of crypto trading.
First, you should acquire sufficient knowledge and try to apply it to gain experience over time. I think without experience, achieving your goals may be really difficult and it would take a lot of times, since you need to back every time to the basis and try to learn from it. Obviously you need a strong foundation, which takes time to build, and then with experience, you'll learn a lot from both your mistakes and your successes.
Now you want to learn the best. To whom do you go first? One with knowledge or one with experience?
If you want to learn something, then it's best to go to someone with knowledge. However, if you want to apply and see things physically, then experience is the next step.
For example, if you want to learn how to do crypto trading, you should first start by learning the basics of trading (there are many sources of information on the internet for this) so it's up to you how fast you would learn, after that you need to apply what you've learned to gain experience, especially learning from your mistakes and mastering the art of crypto trading.
April 22, 2023, 06:50:12 PM
Both are inseparable. If you aim to learn bitcoin successfully, you should gain knowledge at first and put them into practice later on. You should have your practical training on the knowledge that you have obtained so that it will make more sense. Otherwise, knowledge alone would be useless if you are not applying it. That’s the reason why people tend to earn knowledge first and develop their skills through various experiences so that the chance to succeed in bitcoin, be it in trading or investing would be high.
Agree with these as it is important for us to really have a deep understanding with the things that we get into so it is better to know every aspects of cryptocurrencies so that you can be able to use those in what you will do. Experience, on the other hand, is equally important for me in learning bitcoin since those experiences teaches you various lessons that is useful too. Regardless if these experiences is positive or negative, we can have a good lesson with it that we can use the next time we deal with it. So, it is both important to have these both as I too agree that it is inseparable when you really want to learn objectively and learn through your experience which is a great combo to learn something.
April 22, 2023, 06:35:59 PM
Most of those who answered would say both are equally important.
But knowledge is the first thing to do, if you don't have knowledge there will be no guidelines for exploring crypto.
Because with knowledge people will gain experience even though only a little knowledge is gained.
I myself initially studied crypto first before doing some practices such as trading, investing, and doing various things in crypto which provided a lot of experience. From the experience I got, I also ended up having a lot of knowledge that would open my mind that both are indeed very important.
For those who have studied crypto in more detail and deeper, they will have a faster way to do some things that may be quite difficult, just like you do.
Have a faster and easier way.
But knowledge is the first thing to do, if you don't have knowledge there will be no guidelines for exploring crypto.
Because with knowledge people will gain experience even though only a little knowledge is gained.
I myself initially studied crypto first before doing some practices such as trading, investing, and doing various things in crypto which provided a lot of experience. From the experience I got, I also ended up having a lot of knowledge that would open my mind that both are indeed very important.
For those who have studied crypto in more detail and deeper, they will have a faster way to do some things that may be quite difficult, just like you do.
Have a faster and easier way.
April 22, 2023, 04:58:32 PM
Both are inseparable. If you aim to learn bitcoin successfully, you should gain knowledge at first and put them into practice later on. You should have your practical training on the knowledge that you have obtained so that it will make more sense. Otherwise, knowledge alone would be useless if you are not applying it. That’s the reason why people tend to earn knowledge first and develop their skills through various experiences so that the chance to succeed in bitcoin, be it in trading or investing would be high.
April 22, 2023, 04:45:19 PM
It's kinda confusing because somehow it's just the same for me.
The guy with a lot of experience started as a person who only has knowledge, and the experience comes after. So I don't know what's the debate here, doesn't make any sense at least for me because the one that only has knowledge will also have experience right after and they are just both the same to me. We started as a newbie and will end up a pro in the end if we are going to make something as a career.
Knowledge and experience may seem a similar concept to many, but if you look deep into it, they have 2 different definitions. One can be gained through collecting data from many sources, which is knowledge. But if not applied in anything, it has no meaning. You can learn many things, but how much have you tried out yourself in order to gain experience? The guy with a lot of experience started as a person who only has knowledge, and the experience comes after. So I don't know what's the debate here, doesn't make any sense at least for me because the one that only has knowledge will also have experience right after and they are just both the same to me. We started as a newbie and will end up a pro in the end if we are going to make something as a career.
When the knowledge is put into use, and you get something, that's called results. And many results combined where wins and failures are included makes experience.
Having a lot of knowledge and only applying a few does not make you an expert. So for me, they both are required and could be categorized the same, but the concept is different.
Both are needed for you to progress in any market. They are like your weapons as you battle in any market situation.
So for me, both are important. No one is above one another. Your knowledge will help you understand what you are experiencing in the market.
But the experience will give you insights that are not found in the books. Just take for example, how do you spot a project that is pump and dump?
As you traverse the trading journey, you will gain tips and tricks that are not written on books. But the basic knowledge will give you foundation in understanding what's going on.
April 22, 2023, 03:16:25 PM
It's kinda confusing because somehow it's just the same for me.
The guy with a lot of experience started as a person who only has knowledge, and the experience comes after. So I don't know what's the debate here, doesn't make any sense at least for me because the one that only has knowledge will also have experience right after and they are just both the same to me. We started as a newbie and will end up a pro in the end if we are going to make something as a career.
Knowledge and experience may seem a similar concept to many, but if you look deep into it, they have 2 different definitions. One can be gained through collecting data from many sources, which is knowledge. But if not applied in anything, it has no meaning. You can learn many things, but how much have you tried out yourself in order to gain experience? The guy with a lot of experience started as a person who only has knowledge, and the experience comes after. So I don't know what's the debate here, doesn't make any sense at least for me because the one that only has knowledge will also have experience right after and they are just both the same to me. We started as a newbie and will end up a pro in the end if we are going to make something as a career.
When the knowledge is put into use, and you get something, that's called results. And many results combined where wins and failures are included makes experience.
Having a lot of knowledge and only applying a few does not make you an expert. So for me, they both are required and could be categorized the same, but the concept is different.
April 22, 2023, 12:32:36 PM
Everyone must at least have some substantial experience before they can consider themselves a "Learned" individual in the industry of crypto as a whole. You can hoard all the knowledge that you want and you can and you'd only be half as good as everyone else who really dipped their toes in the water.
I hold experience at a higher regard than textbook knowledge because, well as a matter of fact, most textbook knowledge in bitcoin is pretty much gathered from experienced, so cut the middleman and actually take a bite out of the proverbial pie I say, and learn bitcoin the hard way.
I hold experience at a higher regard than textbook knowledge because, well as a matter of fact, most textbook knowledge in bitcoin is pretty much gathered from experienced, so cut the middleman and actually take a bite out of the proverbial pie I say, and learn bitcoin the hard way.
April 22, 2023, 12:26:45 PM
But can you be successful with only knowledge and not without having enough experience?
I can assume that you know that theory and practice are often never the same. So even if in theory you are right, in practice you will be demanded by a situation that allows you to find shortcuts even if the goal is the same.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 disagree with this one, the fact is that someone with experience doesn't necessarily have a good idea to tell you the right knowledge. If you want to learn, then learn from those who are knowledgeable, but when you are in practice then you can get guidance from those who are experienced. Both are important, of course true but the position of the two must be adjusted to what you want. 
April 22, 2023, 11:50:31 AM
Knowledge and experience. Knowledge won't mean nothing if it won't be in line with experience. Some people learn more through experience but most of the time, textbook knowledge is less effective than with actual knowledge wherein an individual would be able to apply the things he learned; quite of a trial and error. Given that Bitcoin promotes no certainty and consistency, an investor should have both experience and knowledge. Would be more of a practical vs technical point of view. One good example I guess is with business in general; sure thing an individual could read a lot of books but things work differently on the actual simply because there are many underlying factors affecting the outcome.
April 22, 2023, 11:39:22 AM
Knowledge can be of several types such as knowledge from books, knowledge from various online sources, knowledge from friends etc. Knowledge gives a person courage to succeed in that thing. but experience builds a person's confidence in that thing. when someone wants to learn about Bitcoin and he takes the help of someone who has knowledge about Bitcoin then he can learn as much as he can. If he takes help from an experienced person he can learn more than that. So I personally think experience is more important than knowledge in trading
Jump to: