2In case the price of crypto is not increasing the way you want it, and you have emergency issues that need funds to solve immediately, you can sell other things like goats, sheep or farm crops to solve the issues and leave your crypto for future use.
Investing should be done freely without any stress meaning investors should avoid selling properties or other investment for emergency purpose. That’s why management planing is important and it helps plan perfectly including back up funds so in such situation the back up funds can be of help. 
Topic: Why knowledge alone is not enough in crypto. - page 2. (Read 329 times)
Knowledge is all different from finding a good source of income, I will always advise to learn more about crypto while exploring other financial means. All this are common knowledge anyone should be able to understand first before investing, a good management plan first then invest what you can afford to lose not everything. No one will be able to invest for a long run without a source of income luckily the dca strategy is available not minding the market price buying can be considered.
Getting knowledge is the basis of everything, without it no one should get involved in it to make money. Some people just rely on other people's analysis and signals but at the long run you'd lose if you are not knowledgeable about it. Acquiring knowledge is good but after doing this it shouldn't just end there. Some people learn a lot of things but they end up not applying them, no knowledge is a waste but not being able to apply what you know is a waste of knowledge. After all the years of mastery you must put what you know into goos use otherwise they wouldn't be of any good to you.
You are right, one needs a source of income in other to go into cryptocurrency investment knowledge on crypto investment won't give you the money to buying crypto coin, even if you are a crypto trader you still need to have a source of income aside your trading of coins, when a friend of mine started cryptocurrency trading he lost a lot of money but he didn't give up he continued and now his gaining more than his losing, if he had no source of income he would have given up on that trading because he won't have the money to continue so having a source of income before starting your crypto journey is very important it helps you continue your journey and not the knowledge, some people believe they can only focus on crypto without doing any other job, cryptocurrency investment should be seen as your side hustle, the only way you can use crypto as your only source of income is when you invested on Bitcoin and you have accumulated enough and has gotten to a fuck you stage where you can stop work and your accumulated Bitcoin can still take care of you for a life time, if you are not on this stage then you need to have other source of income aside cryptocurrency.
Well, I will partially agree with you; however, when you take a look at the days we were in school, I think the aim of enrolling us in school is to gain sound and effective education and be knowledgeable. After you graduated from school, I think you made use of the knowledge and wisdom to make money and also used the knowledge acquired and applied it in cryptocurrency to make more money, so in essence knowledge is the most vital source before any other things.
In addition, there are many people out there who have money, but due to lack of knowledge, their ability to think is small, whereby some have the knowledge with a small amount of money and use wisdom to triple the money, so be knowledgeable about cryptocurrency before trading or investing in cryptocurrencies.
You are right, one needs a source of income in other to go into cryptocurrency investment knowledge on crypto investment won't give you the money to buying crypto coin, even if you are a crypto trader you still need to have a source of income aside your trading of coins, when a friend of mine started cryptocurrency trading he lost a lot of money but he didn't give up he continued and now his gaining more than his losing, if he had no source of income he would have given up on that trading because he won't have the money to continue so having a source of income before starting your crypto journey is very important it helps you continue your journey and not the knowledge, some people believe they can only focus on crypto without doing any other job, cryptocurrency investment should be seen as your side hustle, the only way you can use crypto as your only source of income is when you invested on Bitcoin and you have accumulated enough and has gotten to a fuck you stage where you can stop work and your accumulated Bitcoin can still take care of you for a life time, if you are not on this stage then you need to have other source of income aside cryptocurrency.
Knowledge applied is enough.
Many times what we hear is for us to do our own research. Do not trust blindly. In doing our own research, we acquire knowledge. It is this knowledge that we acquire that we use to vet, verify new and old information that we come across.
Knowledge applied is enough. In getting knowledge, we get smart, we become aware and we are able to articulate our thoughts and actions in the cryptocurrency industry.
Many times what we hear is for us to do our own research. Do not trust blindly. In doing our own research, we acquire knowledge. It is this knowledge that we acquire that we use to vet, verify new and old information that we come across.
Knowledge applied is enough. In getting knowledge, we get smart, we become aware and we are able to articulate our thoughts and actions in the cryptocurrency industry.
Definitely aside knowleand we are just followers who doesn't know between our left and right and still, when acquired the knowledge, we shouldn't feel so contented with it but make research for new incoming and outgoing informations so that we don't think we're in the right direction while we've unawarely opted out of what has to be in the industry.
In the crypto market, there is no supremacy of master of knowing it all because any edition can be objected and subjected in any given moment and staying isolated without confiding on other users and verified platforms about what's new such as investment plans and wallets updates is very important to hold on to.
Most importantly, don't be too reliable on opinions where you're not sure do it's better to do our own research before decided on any information passed across.
Reason why you shouldn't depend alone on crypto knowledge
1 Crypto knowledge will not make you rich without investing funds or grow your account to join signature campaign to be earning crypto that will make you rich.
2In case the price of crypto is not increasing the way you want it, and you have emergency issues that need funds to solve immediately, you can sell other things like goats, sheep or farm crops to solve the issues and leave your crypto for future use.
Forms of business and farming is a lucrative business to help out in raising fund when we can't lay hands on our Bitcoin hodling
But you should also consider that not everyone is residing in the rural areas or not everyone that does farming.
3In case you lose your seeds phrase or you fall victim to scammers, it will not be the end of your life, we don't pray for bad thing to happen to us, but sometimes we do some mistakes that will make us to fall victim to those things in real life, but if you have other investments, it will make the person not to lose hope in life. Do you think those advices are good for newbies to embrace?
Year there is a likely hood that many people would lose their see phrase due to improper storage. But if they can be careful by using the follow backup method then they may likely not lose it anyhow. The backup are as follow1) cryptosteel capsul
2) stamp seed titanium backup
Although there many other method of backup but I am suggesting this two for now for reference.
Now you get the points, there are many people over there moving their documents from one place to another, for searching of Job to display the knowledge they have achieved from school, likewise some people that achieved crypto knowledge from the community but they have not earn any income from crypto yet, which they need to apply for where they will be earning crypto income or invest little fund in crypto investment to start earning income from crypto.
Everything has its time and process, but if we are ready with all the materials that we have learned, try to convey to the seniors closest to us that what they have done, please help and teach them to join so that what you intend in your heart to get like them, whether knowledge or additional income and finally it can be realized.
Earning in crypto is not just limited to buying and hodling, there are different career opportunities in crypto just like we have different career opportunities with FIAT. There are miners, full time traders, blockchain developers or engineers, crypto investment consultants and even crypto content creation on social media platforms. Knowledge is power, except you do not know how to use that knowledge you have effectively and efficiently. No knowledge is common, people can rely on just this crypto knowledge and do great things.
For newbies who are just interested in hodling and trading, having an additional source of income is necessary. I know a few persons who teach people how to invest in crypto and charge fees for their services. You see? Crypto knowledge is doing quite alot. No knowledge is a waste, you just don't know how to earn with the knowledge you have.
For newbies who are just interested in hodling and trading, having an additional source of income is necessary. I know a few persons who teach people how to invest in crypto and charge fees for their services. You see? Crypto knowledge is doing quite alot. No knowledge is a waste, you just don't know how to earn with the knowledge you have.
OP, do you know that with the crypto knowledge you have gained, you can be a consultant?
Yes, but you have to put some effort by searching for where you can get the consultant job before you can start using the crypto knowledge to earn income from the company that will make you a great man or woman, but if you have the crypto knowledge without having huge amount of funds to finance the investment or searching for a crypto Job, the crypto knowledge is useless because nobody will know that you have the crypto knowledge.Quote
no knowledge is a waste irrespective of how small it is, it would one day be applicable in some certain situation you might find yourself. I agree that it is good to be practical in the sense that you will have to invest in crypto and not just talk about it because that is where you can draw your field of experience while going through the market situations and events related to crypto trading. With this, you can conveniently and comfortably talk about crypto trading when to invest, and when to leave the market as a result of the knowledge you have gained while trading.
Now you get the points, there are many people over there moving their documents from one place to another, for searching of Job to display the knowledge they have achieved from school, likewise some people that achieved crypto knowledge from the community but they have not earn any income from crypto yet, which they need to apply for where they will be earning crypto income or invest little fund in crypto investment to start earning income from crypto.Sometimes people think a crypto consultancy job is you going about from one place to another searching for who to talk to about crypto, but it is not like that. You can showcase or market yourself for consultation jobs by getting involved in having conversations in crypto discussions on platforms, like X (Twitter), Facebook, Instagram, TikTok, and other crypto platforms there you can start building your profile because in those conversations or discussions sessions, you do not know who is listening to you and after that, they might chat you up to join their team or tell you about a project they have in mind and want your input with a fee for services rendered. This is how one can strategically position themselves for crypto consultancy jobs.
You can update your media handles with the latest crypto information that no one has and watch how you get replies and comments to know more about it, do audio or videos about crypto and upload them to your media handles, update your media handles to indicate that you are a consultant and see how it goes.
OP, do you know that with the crypto knowledge you have gained, you can be a consultant?
Yes, but you have to put some effort by searching for where you can get the consultant job before you can start using the crypto knowledge to earn income from the company that will make you a great man or woman, but if you have the crypto knowledge without having huge amount of funds to finance the investment or searching for a crypto Job, the crypto knowledge is useless because nobody will know that you have the crypto knowledge.Quote
no knowledge is a waste irrespective of how small it is, it would one day be applicable in some certain situation you might find yourself. I agree that it is good to be practical in the sense that you will have to invest in crypto and not just talk about it because that is where you can draw your field of experience while going through the market situations and events related to crypto trading. With this, you can conveniently and comfortably talk about crypto trading when to invest, and when to leave the market as a result of the knowledge you have gained while trading.
Now you get the points, there are many people over there moving their documents from one place to another, for searching of Job to display the knowledge they have achieved from school, likewise some people that achieved crypto knowledge from the community but they have not earn any income from crypto yet, which they need to apply for where they will be earning crypto income or invest little fund in crypto investment to start earning income from crypto. hero member
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To be honest, when I was new in this industry I came here with zero pocket and so that's mean I have zero investment as well I also have zero knowledge. After that I introduce with this forum and as well some good people around there and have good sources of knowledge and I jump into here I have to make money from there even I have zero investment And yes, to be honest, from my personal experience, it is really possible to start your journey in Crypto with just knowledge and earn. However, if your target is only trading and investment, then it will be different because in the case of trading, you must earn knowledge and invest both.
But you can do this with zero investment but you have to initially explore this crypto industry and earn by gaining knowledge by doing Airdrop or the crypto campaigns(bounty, signature,review) or by providing services in some other way and later with that earning and with your earned knowledge you can achieve success here.
This can sometimes take us up to a few years. But I think those who start their journey like this can be the ones who are basically successful and those who suddenly start their journey with only investment fail after going some distance.
Of course having the full knowledge about crypto can not make one become rich, I totally agree with you on that. but one thing you need to know is that for you to be successful in life definitely you will have to start from somewhere, and this first step you will take is by learning to acquire all the whole knowledge that is required in that particular field you find yourself into so as to become a professional in that field.
probably after achieving this you can decide to start if it is knowledge about how crypto investment works you wish to acquire, of course this will enable you carry out a good investment plans because you have gotten all the necessary information about crypto investment. at this point you won't face any difficulties when making your investment, This is the reason why you see most newbies talking about having the knowledge about crypto investment. for the fact that they keep saying this does not mean that their aim is just to have enough knowledge about crypto, rather they just want to understand everything about crypto investment before going to it.
probably after achieving this you can decide to start if it is knowledge about how crypto investment works you wish to acquire, of course this will enable you carry out a good investment plans because you have gotten all the necessary information about crypto investment. at this point you won't face any difficulties when making your investment, This is the reason why you see most newbies talking about having the knowledge about crypto investment. for the fact that they keep saying this does not mean that their aim is just to have enough knowledge about crypto, rather they just want to understand everything about crypto investment before going to it.
1 Crypto knowledge will not make you rich without investing funds or grow your account to join signature campaign to be earning crypto that will make you rich.
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I don't know from which perspective you're viewing this but I will disagree with you entirely on this specific point. With your crypto knowledge, you can definitely make a leaving even without investing. Although, investment is a personal preference and not everyone develops interest in it despite it's long proved advantages. With your crypto knowledge, you can offer to teach others about it and of course, not free but with a designated charges. Secondly, you don't need funds to grow your account in this forum. Crypto knowledge is completely what you need to do that. Sharing your trading ideas, fundamental and technical analysis and security tips will earn you merits that you need to rank up. As far as crypto is concerned, knowledge comes first before any other thing.
Quote
2In case the price of crypto is not increasing the way you want it, and you have emergency issues that need funds to solve immediately, you can sell other things like goats, sheep or farm crops to solve the issues and leave your crypto for future use.
I actually don't understand what this particular point is attempting to prove as this thread is concerned. Perhaps, you are trying to justify the importance of diversification of investment and not putting all your funds in crypto. If I guess correctly, then it's a good way to go as it prevents you from tempering with your investment at a wrong time due to emergency.
1 Crypto knowledge will not make you rich without investing funds or grow your account to join signature campaign to be earning crypto that will make you rich.
Just like in real life, there are jobs that requires crypto knowledge that one can work for.
2In case the price of crypto is not increasing the way you want it, and you have emergency issues that need funds to solve immediately, you can sell other things like goats, sheep or farm crops to solve the issues and leave your crypto for future use.
This has been an issue to many crypto holders. They're not prepared thus, they've sold their holdings during those emergencies.
Having knowledge about something gives you a good understanding to go deeper to know what you are doing, no knowledge should be taking for granted because you need it to act smartly on your investment. Knowledge is also needed to either get a skill or to start working to raise capital for your investment without having the right knowledge you will be pushed to investing in scam projects which you will regret after losing money. Before using your money to invest take a good time to have a broad knowledge and when it comes to crypto investment you have to learn and be ready to keep learning so that you will not work and waste all your years of working to invest in something that will not generate nothing to you.
Investing in cryptocurrency after getting knowledge is good also try to have knowledge of other things since having multiple sources of income as an investor will have you to build your wealth with peace of mind.
Investing in cryptocurrency after getting knowledge is good also try to have knowledge of other things since having multiple sources of income as an investor will have you to build your wealth with peace of mind.
1 Crypto knowledge will not make you rich without investing funds or grow your account to join signature campaign to be earning crypto that will make you rich.
I believe that it depends on the goal of a person some people are not into money why do they start to explore Bitcoin or cryptocurrency? So, we should consider that as well. They could've been into innovation, education, and learning more.But if we talk about investment and money, you have a point, you need to be wise in this market, it's not easy even if you have a good amount of funds, you could go bankrupt.
Reason why you shouldn't depend alone on crypto knowledge
Knowledge is power but putting it to work effectively is very necessary.In the crypto industry, your highily professional obtained knowledges without being able to utilize them to user is apparently a useless but would be maximize if put to work.
Hence it is crypto, it is always advised to stay connected with the current updates to enhance your funds securities and also stays in trends on the market systems so that you could decide if and where necessary to diversify your portfolios.
Research and consultation of other users and platforms would always alternate you to be warmly on the good approach Instead of relying on your knowledge alone.
OP, do you know that with the crypto knowledge you have gained, you can be a consultant? no knowledge is a waste irrespective of how small it is, it would one day be applicable in some certain situation you might find yourself. I agree that it is good to be practical in the sense that you will have to invest in crypto and not just talk about it because that is where you can draw your field of experience while going through the market situations and events related to crypto trading. With this, you can conveniently and comfortably talk about crypto trading when to invest, and when to leave the market as a result of the knowledge you have gained while trading.
Crypto knowledge, at least the bare minimum, is a must. Otherwise you're a sitting duck for all the perils that crypto brings with itself.
All of us who have been in crypto long time have experienced good and bad things. But those without knowledge will succumb to bad things, and forsake crypto forever
All of us who have been in crypto long time have experienced good and bad things. But those without knowledge will succumb to bad things, and forsake crypto forever
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Despite knowledge being one of the important components to thrive in every space it is indeed not enough is not applied in the right way, time, and with the needed emotional discipline.
I have seen a lot of people who are knowledgeable but not thriving in their space because of lacking emotional discipline which is the thing that makes someone knowledgeable to behave or foolishly make decisions, and sometimes it makes a knowledgeable person not put his/her knowledge into action.
I have seen a lot of people who are knowledgeable but not thriving in their space because of lacking emotional discipline which is the thing that makes someone knowledgeable to behave or foolishly make decisions, and sometimes it makes a knowledgeable person not put his/her knowledge into action.
Crypto knowledge will not make you rich without investing funds or grow your account to join signature campaign to be earning crypto that will make you rich.
Crypto knowledge can make someone rich in this aspect you put out here if put into work because it's the knowledge that pathways and also grows a user account on this forum.2In case the price of crypto is not increasing the way you want it, and you have emergency issues that need funds to solve immediately, you can sell other things like goats, sheep or farm crops to solve the issues and leave your crypto for future use.
In a situation where there's no means to get the funds. Selling one holding is not a bad decision if the crypto is not sold at a lost price. Jump to: