Topic: Without money, the knowledge is a waste - page 5. (Read 1278 times)

Hope you are aware that your purchased iphone is very dangerous when it comes to crypto wallet? Like if you have crypto wallets installed on your iphone all the datas are to some point back up into your Google drive which if any thing happens to it and it got hacked or stolen by hackers and access handed over to another iphone user all your holdings will be at a great risk. When ever your icloud account is being logged in into a new device all your previous data appears on it immediately.

So I will strongly advice when using it, try to limit the usage and linkage into any crypto wallet. Always be mindful of what you install on it and the kind of information you makw public over it, unless you are certain that your security is very strong.

I don't agree with the tittle,most of the case is that if you don't have knowledge you're money would be wasted,because you are always get failed result from different types of strategy to earn money because you don't have knowledge,but if you have knowledge even if you only have small amount of money you can use the knowledge to earn money.

I think investment is not the problem rather OP was trying to make an emphasis on the importance of money in the society which I think is the current happenings in the society. Of lately, I have come to realize that people tend to go for people  who have fat  bank account than those with the knowledge as they are seen as not serious in life.

When an individual with money speaks, you see they applaud and cheer them up in gatherings because after talking he backs it up with money but when the other with knowledge speaks with nothing to support, they then to mock them as they have nothing to offer. These are the challenges in the present day  society and this is what I think OP was trying to pass accross.

But there's nothing wrong with adding insight when you don't have money. rather than having no money and also no insight whatsoever. Money can be earned by working and then it can be developed by relying on the insights that we already have in our brains. So when someone already has enough insight about bitcoin and he doesn't have enough money to buy it. then it doesn't matter. he just needs to work and earn money and then buy it into bitcoins with careful investment planning as a result of qualified insight.

different from people who have a lot of money but Zero in bitcoin insight. And then he got into Bitcoin without enough insight. then believe me this person sooner or later will lose his money quite sadly. Because people without insight force their way into an area they are not good at, in the process of seeing market volatility they will encounter many surprises. it could be because he entered without insight, he actually entered during the hype and then sold when the market was bleeding due to panic. and I've witnessed many people who actually lost more money after investing in crypto without first studying it really and seriously.

When talking about which one is more important. then you are like asking which is more important between food and drink. come on my friends all. insight and money are both equally important. like food and drink.

Agreed, there are many ways to earn money with knowledge of bitcoin. I read OP's thread and he only thinks about investing in bitcoin. I think OP have hard times investing money in bitcoin but he can also think about other ways of money if he has the knowledge of bitcoin. Nowadays people sell online courses like crazy, op can make online course with the knowledge he have and can earn more money then most of bitcoin investors. He can use that money to invest in bitcoin.

I believe knowledge is always powerful because it will always lead you to act the right way and let you avoid what will harm you. However, in terms of investments, knowledge may only go into waste if it fails to provide you a capital to start an investment. As any investment requires good amount of capital for it to give reasonable profits somehow. So if you are knowledgeable about crypto but no sufficient funds to start as an investment, perhaps it will only go into waste since it can never bring benefits to you.

This is like acquiring a skill acquisition of trading without executing it with capital that knowledge will be waste of knowledge because theirs nothing to practice what you have learnt so far, it's encouraging after learning and you practice what you have learnt and without that you will forget things you learnt, i will say you are correct in this concept of yours.

In general, no knowledge is wasted because all knowledge leads to more knowledge and understandings... though on a personal level, it may be wasted at times. Simply possessing knowledge does not compel one to apply or expand on it... Other elements come into play on a personal level. If you grew up in a ghetto, for example, dominated by gang violence... a college degree is often a way out, but it takes a certain mindset to do so. Governments also require a mindset in order to put acquired information to use, which does not always occur. For example, we are aware of our previous blunders.

Money and knowledge do compliment one another but knowledge is more important because it is the basis for success and personal progress. Even if money can buy some advantages and resources it is the pursuit and application of knowledge that truly sets people apart in every given situation. Knowledge is created through experiences education and ongoing development it cannot be purchased. This information gives people the ability to differentiate themselves and succeed in their chosen fields. The difficulty though is in properly using the newfound information to produce income. One can for instance use their knowledge and abilities as a freelancer to land work opportunities and generate cash whether it be in the form of bitcoin or other cryptocurrencies. This observable result proves that knowledge may produce financial success when applied diligently. Knowledge is therefore never wasted because it is a useful asset that can lead to a variety of opportunities and ultimately improve one financial situation.

There are so many ways knowledgeable individuals in crypto related stuffs can benefit without investing in it,  firstly the idea in the use of cryptocurrencies enable some gamblers to bet anonymously without stepping out to a physical betting shop, secondly the knowledge in sending and receiving crypto as a form of payment or other purposes is another advantage, moreso there are lot of crypto related jobs online which are only accessible to crypto enthusiast some of those jobs pay their employees via cryptos, finally trading cryptos is only done by people who has vast knowledge in it therefore not investing in Bitcoin despite having some knowledge in it shouldn't be regarded as a disadvantage.

The knowledge can be waste to some people and it can also be a motivation to some persons to have a goal which will make them to work hard to achieve their goals. Someone who is broke with knowledge about bitcoin, with the knowledge he has gained it can be a reason for he/she to start up something that can generate money as a source of income to enable the person just to invest in bitcoin, because the person has already understand the benefit of Bitcoin and would not want the knowledge to be a waste. No knowledge is a waste , even if it can't be useful for the main time, it can be of use in the future.

Everyone has it own time to make money in life. If their is no money today that doesn't mean their won't be money another day which will make knowledge to be a waste. Knowledge can still be shared to someone else who has the money to go into investment. As far as the knowledge can be benefit to other people I see it as their is no waste. I don't really agree on this one because no knowledge can be a waste to any person,  whether their is money to back it up or not.

OP, knowledge and money compliments each other but one is more of bigger compliment compared to the other because it stands as the basic fundamentals which sets the pace for the other and that is  knowledge. Having knowledge is a basic criteria for standing out wherever you find yourself. Knowledge  is not bought with money but it is learnt as a result of experience one engages him or herself with. So therefore, knowledge is not a waste as it earns you money when properly utilized.

The issue people do have is utilizing the knowledge they have gained to earn money. When you put into work what you have learnt for example as a freelancer, you are being hired here to do some job and after doing it based on agreement terms, you get paid for it in bitcoin or any other crypto which you deemed fit to receiving. This shows you have earned a living by doing some job which require you to put in play your knowledge for work.

This is really only practical if your expenses are much less than a percentage of the expected future value of the investment. If your investment profits keep getting wiped out by monthly and sudden expenses, then investing is not going to work for you. That's why it's impractical to invest like $10, possibly even $100 as the profit will be generated to slowly.


Judging by all the ridiculous shopping sprees and bad money management making the rounds, I'm pretty sure it's the former.

Op, having a vast knowledge about bitcoin or crypto currenncy at large without having money to invest in it is not really a waste, because it's even better to be informed about what you're buying rather than wasting money on an investment you don't know about, which in return would yield loss. Now what I'm trying  to say Is that an individual who falls under such categories can still put his knowledge to use by creating awareness/ teaching newbies in the crypto space about it and in return earning money, however such money earned can be used to buy or invest in return, remember there's a saying that no knowledge is a waste, except the individual is ignorant of ways of using such knowledge to earn or make profit in life.

A good point, a condition that must be realized is when we only stick to books and theory but don't apply it in practice.

Many people are always fixated on conditions where only knowledge is honed so that they become proficient but in other conditions they have nothing in mastery of the field because they have never been there. What.
Not that theory is bad, but indeed being too fixated on theory is also not very good in this regard, considering that sometimes the findings obtained in the field will have some differences that can add mentality and insight that cannot be obtained in theory.

Imho, knowledge is a waste if you can use that knowledge. Knowing everything does not mean anything. I mean what is the point of knowing theory, when you can use that on practice? Some might operate, that "you never know when you need this and that skill or knowledge", but you can be ready for everything. Life would be boring then. But money is just an instrument to achieve things.

P.S. If knowledge is waste without money, then what is money without knowledge? A toy in fools hand? Necessity?

It is not knowledge, but the ability to process information in the short term, that is, to use it, is a value and gain. There are hundreds of thousands of information in the world that even the most knowledgeable people do not know. Actually the important thing is not the existence of this information, but the ability of a rational individual to receive and synthesize the information and to process the information.
The nature we live in is a source of information and although humanity has lived with nature for thousands of years, most discoveries have been made in the last ten centuries. We can understand the existing information in nature, we can produce inventions that make our work easier on the basis of information by analyzing. This is where the money is actually making our job easier. Since people's problems are a comfortable life, they will settle for most things for tools that make people's work easier. This brings with it money or wealth. If you are the inventor of inventions that will make the life of humanity easier, you can walk with money.

Your observation of money and knowledge being complementary forces rings true, especially in the world of Bitcoin. The cryptoverse demands a blend of insightful knowledge and savvy investing. Without sufficient monetary power, knowledge may seem like an underutilized asset.

In the realm of Bitcoin, this duo acts as the catalyst for success. The well-versed individuals with modest means can exploit the opportunities like crypto mining or earning Bitcoin through freelance gigs. Hence, even if one's financial capacity is limited, the knowledge of Bitcoin and blockchain technology can potentially unlock numerous avenues to accrue wealth. This is the democratizing power of Bitcoin – it provides an arena where knowledge can truly be transformed into wealth.

Money is good, but knowledge is better. Both works well to compliment each other to a certain extent. Having the knowledge and not the money to invest in what you know leads to the what is called 'Knowledgeable broke person'. Aside from Bitcoin, in the general scheme of life, it's like learning a trade or handiwork but not having the money to set it up for yourself. You could do freelancing, raise some capital and set yourself up.
In all, money is very necessary to make the knowledge come to fruition.

Yes, it’s certainly a waste of time and money if you don’t have sufficient funds to invest in bitcoin in the first place. Regardless if you are highly knowledgeable about bitcoin and you have the best strategies to use, still that won’t guarantee that you will make money and buy bitcoin. The important thing here is you have to come up with a source of income so that you can take advantage from buying bitcoin because if you don’t have the means to invest, then you will never be good enough in  crypto investment.