Topic: Without money, the knowledge is a waste (Read 1278 times)

Many people want to learn about bitcoin, but to hold 1 bitcoin, the amount is quite large, and most are scared when the market drops sharply.

In doing a job that can generate profits, we must always be able to rely on money and knowledge, if we only have one of them then all will be in vain, so we must do something so that everything we want we can get, all need knowledge to do new things and capital is also very much needed so that all the business we run can be done well, So our money and knowledge must be able to rely so that everything can run smoothly.

Knowledge is and will always be valuable. There are plenty ways to earn money with your knowledge. You'd be surprised that a lot of people with money don't actually know what they're doing. You being here in a forum and as I am sure you're contributing important information in here  makes your knowledge not a waste anymore. Knowing about cryptocurrency and whatnot opens up a lot of opportunities for earning money not only through investing so don't think all that knowledge is a waste when a lot wish they can understand the concept of crypto as much as you can.

I think what you quoted has somehow a different case scenario where johnsaributua doesn't have an access to such paid stuffs like SCs. If one hasn't been working for company for almost 3 years, and that person solely relied on airdrops then it might be worrysome to have your life in that way since airdrops isn't really a reliable source of income considering that some of them are just shittokens and might not cut the cost that one can incur over the month.

I would understand if the one you quoted is still a student. :/

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It's also worth noting that having 3 year gap in work experience might come out as questionable.

If discussing the issue of money and knowledge both must indeed complement each other, if you have money but without knowledge all will be in vain because everything will be a problem if we do something without any knowledge, in the world of bitcoin there are many things that we must learn so that we can benefit because the risk in the crypto world is very high so have a way to do something in accordance with the procedure, So between science and money, the two must be able to complement.

I read your reply several times with hopes to grab what you're actually talking about, but to no avail and if you can see my quote, I will be glad if you can get back on the thread and make it more clearer for me and other users so you can possibly  get the needed answer or solution to your quest or question.

But for the main time, I'm thread was practically talking about the importance of having some spare money to buy some coins even in course of trying to learn because I personally believe that having so much knowledge  without any  efforts to have money to invest isn't right as all the knowledge without any money to invest wouldn't yield any result especially  in cryptocurrency as a whole.

I can refer to a story I once read about Steve Jobs, before he became a great man there was a time when he reflected on life in India and through meditation sought enlightenment open mind. Actually from the beginning not only Steve Jobs, but many people I also questioned what spiritual teachers they were doing, and when I realized those people really have a great mind and a great happiness in life, or rather they are correctly understanding the value of this life of theirs. Money , sometimes I laugh because many people take it too seriously as everything in life, and contemplation makes me feel more pitiful, about the Steve jobs story that I mentioned, he doesn't must be a person who lives for money that exactly money is looking for him, knowing about things has a great wisdom in life and how they try to work for society and not simply is personal interest.

Knowledge is like a hook when you go fishing to catch fish. You can catch many fishes with your hook if you have fishing skills but if someone just give you one fish and you can not do fishing by yourself, you will not be able to have more than one fish if nobody gives you more.

With knowledge, you can work and buy bitcoin gradually by yourself. You can control your investment plan if you can work and have salary.

I agree with you. Borrowing to invest is risky because you will have to pay loan interest and I am unsure it is small or big. Such interest will be stressful when you have to always think about pay the loan interest as well as the whole loan. If at the time of loan repayment, you can not pay, will you borrow more money and get a worse situation?

Knowledge is never wasted, no money to invest is your fault, don't blame knowledge. If you don't have money to invest, wonder why so many people can use knowledge to make money while you can't and think knowledge is wasted.

If you don't have money, work hard and save, never think about selling assets or borrowing to invest. This is an investment taboo, especially with highly volatile and uncertain assets like bitcoin. I hope you haven't forgotten the saying we often say to each other "Don't invest with what we can't lose."

it's not always the knowledge that goes to waste without money, but in the case the OP says it might be.
However, when you see an opportunity to invest in bitcoin at the right time, do analysis and various ways to make your speculation right, then it will be useless without money. in this case it's the same as investing elsewhere, not just in bitcoin. The solution in this case is to sell assets to have money, or borrow. After all, no matter how precise your analysis is, if you don't have the money to take action, then the opportunity could be taken by someone else.

knowledge is something that you can easily carry even if you are sleeping and you will not lose it in a visible way, if you don't have insight into crypto/bitcoin trading mechanisms, it might be called burning or throwing money into the ocean.
at least the loss will be 100 to 10, don't have analysis, don't have risk management and can't read whether it's a correction or the price that brings to buy bitcoin.

I really don't rely on real money because I haven't worked for any company since the last 3 years but I still work on airdrop and small mining even though the results are not much and only tolerable at least there is a little extra to buy bitcoin.

I hope to have a signatute like you, clear payments and agreed amounts make additions very useful both for buying bitcoins or capitalizing to participate in airdrops (paying fees / shipping costs) and definitely very useful.

I understand your feelings if you miss the train (buying price for bitcoins is below the price) because you want to buy in so many satoshi units, taking advantage of the momentum that sometimes takes a long time to arrive at the price you mean, but if you have bought several satoshis you have budgeted for wise enough.

maybe you should work to someone first. although bitcoin is a currency but it still an investment. i use some of my salary to buy bitcoin although only for very small amount. i care about time when I buy bitcoin, i think it is good for me to buy bitcoin when it price reach the most bottom level of bearish market. I don't have enough spare money to do DCA so I just did it by Lump Sum buying. the result is not so bad, I still get profit only by waiting the bullish market. but knowledge is still necessary to do such thing, atleast i should know about halving so I can plan my next move.

You might have a point, but that's not what always happened. Sometimes you don't need to BUY bitcoin in order to have it, you can work and earn by the company/service paying bitcoin, its like what signature campaigns do

It's the same of having an advocacy of spreading bitcoin knowledge, you write a book on it and accept bitcoin as payment in order to be have it.

I highly agree, these kinds of people who said that without money knowledge is wasted are people that are used to being spoon-fed and have developed a limiting factor on applying their knowledge.  It is also possible that these people are just creating excuses to get lazy and avoid hard works that come from a lack of funds.  I believe it is way more true if we stated that without knowledge, money is wasted. Since we have seen people who have the money but have no idea of where to put it to profit often ends up no money in their pocket because their money are getting drained but never got replenished.

That has been a problem people normal face, and it has been a generation things, which must people see it as normal because of poor mentality, but is not normal when you realize you're self, go for a knowledge and no school can teach you how to make money, but is a personal decision, by following a right track at the right time, therefore having a knowledge on how Bitcoin works by knowing the right time to buy or sell is a function of having a full knowledge in the cryptocurrency market.

In my personal opinion, there is some compatibility between these two things, and some differences can also be kept in this matter because if seen, only money is not everything and without money we do not have a correct opinion that knowledge is no matter what is. If we look all around we can see that there are many people who have capital but do not have the ability to use it in the right direction, many trader are like that. On the other hand , those who have enough knowledge and information bt lack of capital .Even if you don’t have money, you can offer your services to many traders who are dealing in digital currency like Bitcoin and other altcoins they interested, so you can do a lot by using your creative thinking.

Do you ever think how much people who do not have money but can earn and start investing into bitcoin ? if we look back at the years of 2016 - 2018 the hype of crypto currency project was very high, then people do not need to start having much money before joinning the bitcoin sphere. They just enroll for bounty or etc to get some movements. Some of them used their knowledge to get earning.

I must say that you're again wrong this time. Knowledge isn't waste and I mean that, I know that without money we can't buy anything whether Bitcoin or any other physical or digital goods, but without knowledge we will lose up all the money we have. A person must have both knowledge and money in order to have a very balanced financial life. The money is the most important thing to buy Bitcoin no doubt, but my friend if you don't have proper knowledge of keeping those bought Bitcoin safe then you will still have problems after purchasing Bitcoin with your money.

You know about the dips because of the knowledge you have, but unfortunately you can't accumulate bitcoins in those dips because you don't have enough money. I agree with the fact that money is always needed and it can be helpful in all times of our life. Anyone who has enough money can live his/her life without any problem, and yes, the same person can invest his/her money into Bitcoin and in the end he/she will make more money after selling his/her Bitcoin.

A famous person like Bill Gates said "If you are born poor it's not your mistake, but if you die poor then it's your mistake," the same applies to the ones who work day and night to earn money. If someone is born into an average income family then that's not his/her fault, however, if someone knows that Bitcoin could make his/her life better, and the person still doesn't apply much effort to accumulate Bitcoin then that's his/her fault. It's always recommend to earn money first and then invest that money into Bitcoin if you're not born in a rich family.

What is certain is that no knowledge is wasted, because knowledge will give you strength in any and all situations including investing in bitcoin because without investment knowledge it will also be in vain. Money does give you influence but only to a certain extent. So, Science is stronger when it is followed up in terms of investment. Money like most things can be taken from us just like that, especially when investing is full of risks. One thing no one can take away from you once you have acquired it is knowledge.

In the world of Crypto both are really needed with money we can buy bitcoins and with knowledge we can analyze the market, to collect Profits what is needed is to have both. Basically money comes and goes, but knowledge never fades.

The way I look here at the question of knowledge as a way to embrace the understanding of everything including money, and money as a small part of the answer about applied knowledge, can be understand that each person has different choices or goals in life, so the way of looking at the story of having knowledge but not having money is simply that they are not capable and do not know how to apply their knowledge. yes, or they may not really value making money, sometimes their life knowledge growth should mean more than having a lot of money, and it seems that money in their journey is just enough to eat enough to wear and suitable for that life.