Topic: Without money, the knowledge is a waste - page 8. (Read 1278 times)

You raise an important issue about the value of both information and resources in the world of cryptocurrency. Although participation in and investment in cryptocurrencies like Bitcoin unquestionably require money it is erroneous to dismiss information as being worthless. It is true that desperation can impair judgement and cause hasty actions. However information acts as a lighthouse enabling people to make wise decisions and negotiate the complexity of the crypto world. Without knowledge of the market workings or the risks involved money alone may not be used efficiently. On the other hand education can increase the likelihood of successful financial outcomes when combined with thoroughness and a keen eye for opportunities. Therefore in order to accomplish financial success in the cryptocurrency sector both knowledge and money are essential elements that must be combined.

No knowledge is a waste and for the fact that you do not have money does not mean that you don't need to struggle to get more knowledge. Money is not the ultimate so we need to know what we are doing before calming that money is very important than the knowledge we have.

I could remember in a book called Bible, it says " My people suffer because of lack of knowledge" which is a typical example of a person that have money but does not know how to go about making the right investment that will bring more money.

If a person and money and does not know how to build wealth, soon the money will finish and there will be problem of maintaining the available resources which is one of the reasons why people end up losing there wealth because no proper investment that will keep bring more money.

it is undeniable that we really need money to carry out activities in the crypto world or to have Bitcoin. but that part of knowledge is useless in my opinion that is a wrong assumption, in my opinion it is the response shown by people who are desperate.
knowledge and money are both definitely needed by everyone, those two things are of course the basic things that everyone should have.
if we only have money but do not have knowledge then the money is most likely not to be put to good use. but if we have knowledge coupled with hard work and always take good opportunities then the money will be easy to find.

Well you do need money to buy Bitcoin, but I don't think knowledge is wasted even if you lack money. I mean you can use those "knowledge" to earn money, right? How is that a waste then? Knowing about Bitcoin and cryptocurrencies might present you with ways to earn Bitcoin, not just buy it. You could offer services or work online in exchange for Bitcoin. You might use your knowledge in bitcoin and make something new, maybe a new better currency that actually has some real use cases.

I'm not in agreement with your opinion on these, no knowledge is a waste, a lot of people have because of the knowledge they have about something become rich, It seems you forgot that knowledge is that which you offer as a skill and companies hire you and pay you for that knowledge which you offer in solving their problems, generally knowledge is never a waste whether you are being paid for that which you know or not, but money and knowledge work in tandem as people exchange knowledge for Money and money for knowledge verse Vasa.

Knowledge and money are both needed. But I think money is more needed. Now if you don't have money you won't get any appreciation anywhere. If you want to get a good job money is also needed. Again always get a job with money.  No. I think that knowledge and money are two very valuable resources that cannot be used without each other.

It's bounties or signature campaign in this forum, right? you need to know if those aren't jobs because there's no guarantee they will hire you at least for a year or long term contract. You can get kicked if your post quality are suddenly decrease or you're not following all of their rules.

After all the online jobs paid with Bitcoin or altcoins aren't only have a good understanding about crypto, but it's need another hard skill e.g. programming, designing, etc.

Knowledge is power and if you don't have the knowledge required how would you cope and follow up your investment. Usually money is the last thing to come after following up your knowledge and strategies, venturing into investment without the required knowledge might leads you being a panic seller or holder, alternatively as a bitcoiner what you needed mostly is knowledge then followed by taking part in the investment journey.

However, as a trader, investor you need knowledge before taking a final decision to envelope your futures on how your investment strategies should yield a positive results to your portfolio. So money or no money knowledge is the first, is the knowledge you derived from what you learned that would propelled you taking part in the race of whatever thing you are doing.

Well if you have wide knowledge about Bitcoin and cryptocurrency, you can actually use that as an advantage. If you have knowledge about this space, you'll probably know other ways where you can get Bitcoin or crypto without investing your own money. There are several projects or opportunities that offers work where they'll pay you with their token or Bitcoin. It doesn't always need to have money. I started entering Bitcoin even if I don't have much money since I was still a student back then. You can use your skills and knowledge to earn Bitcoin even without investing your money.

I think having knowledge about bitcoin, even though I don't have the capital to buy it, is not a waste. Because in my personal opinion, having knowledge about bitcoin is number one. So if you already have mature knowledge about bitcoin, at that point then look for capital to be able to buy it. Because even if you have money at first, if you don't have knowledge, you definitely have to study before buying bitcoin. So if you think about it fundamentally and deeper, having knowledge at the beginning or having money at the beginning, I think it's the same. Because these two aspects will always go hand in hand in the world of investment or bitcoin trading. So to assume that people who seek knowledge about bitcoin first, even if they don't have capital, still can't be considered wrong. Likewise with people who have capital or money at the beginning, but don't have sufficient knowledge, that person cannot be said to be right. So in essence these two things are not wrong when you want to invest or trade in bitcoin, but they are just different in taking the first steps.

I think if you are expert at bitcoin, that's enough for you to make money. I mean expert in bitcoin analysis, programming, security, wallet, blockchain etc. But if it's just general understanding of bitcoin, I think it's just general knowledge. After I found out about this forum, I started reading about bitcoin, I don't think I will be an expert but I want to know that there is a world of blockchain and bitcoin. I keep working and investing. I realized that my knowledge is only basic so I need to do other activities to earn money

If you think that you have sufficient knowledge to make successful investments, then you should ask yourself why in this situation you do not have money? Perhaps the simple habit of saving a little money from every paycheck could have allowed you to build start-up capital before it was time to start buying.

The result comes to those who know how to apply an integrated approach, who understand the importance of many details that can affect the final result. Many successful people started by acquiring the necessary knowledge, but at the same time had nothing at the beginning of their journey. Someone is looking for opportunities, and someone is looking for reasons.

These days success is wrongly quantified by the amount of money you make. People now assume that the sole aim of knowledge is to make money. Knowledge is not always targeted at making money because people have different reasons for gaining knowledge, but I will not doubt that the majority is to make a profit from learning.

My neighbor started a keyboard class with a music teacher and I asked him why he was taking this music lecture. I thought maybe we wants to use it to get extra income but he said that the reason for this keyboard class was because he want to transfer the skills to his children. I can decide to learn about bitcoin because I want to transfer the knowledge to my family and community.

The sole aim of creating bitcoin is not for investment but to create a decentralized currency that will promote privacy and freedom. Some people are not interested in bitcoin as an investment but they only need the currency for financial transaction purposes. Is their knowledge about bitcoin a waste?

Agreeing that bitcoin education and knowledge only for money making undermines the activities of some selfless bitcoins that are driving the goal of spreading bitcoin education to different parts of their country. They don't receive payment from anybody but they are just focused on introducing more people to Bitcoin. Should we also say that their Bitcoin knowledge is a waste because they don't have money to invest?

Thank so you so much for sharing in my idea.
Firstly people don't want to accept the truth even when they know the truth and that's wrong.
Most persons even myself  wouldn't have invested in bitcoin  so easily if not for signature  campaigns and the truth be told that I even have to withdraw most of my earnings to fiat which I believe most Persons also do same.
Knowledge is key and that can't be denied and I don't want to dispute everyone over here but I just had to air out my mind because in my few days in cryptocurrency,  I've come to understand that no matter how much knowledge you have of bitcoin,  without money, the knowledge  isn't effective and hence we need money to buy bitcoin  and put those knowledge  into practical else we miss out of all that bitcoin  has to offer at that very point in time.

P.S : people shouldn't  fight me over this post but rather share in my idea that we should focus more on generating money to enable us buy more dip rather than crowding the brain with so much knowledge  about bitcoin  that wouldn't make any impact apart from discussion sake.

There is this believe  that so much knowledge  without practical is boring and I wouldn't want to be bored with all the knowledge  without been shown what and how things been taught actually works.

 
If you are too smart to learn that knowledge, for sure you know how to earn money, but that doesn't mean that you have knowledge; that is where it ends. You need to pursue more and learn more. Others will say that knowledge is required before earning. Knowledge is always power, which is why others earn from their knowledge and need to learn more.There are also times we need to sacrifice things before we can achieve things, which is why we need to be thankful.

Then I must be one of the most lucky people in this world, because I never had any money when I knew about crypto and I was never an investor because I had no money, yet I made money out of crypto with zero investment, I was able to start investing today because of my past, maybe not everything is about money money money?

I made some cool amount of money from airdrops and I was very luck at the time, because by 2019, airdrop took an unexpected turn, no newer project at the time took airdrops seriously anymore, I would just considered myself a lucky fella with crypto.

Truth be told, you can't manage money without knowledge, and knowledge without money doesn't make sense either but money is a tool, at the same time, knowledge and money without power is meaningless.

I will like to end my point with, we can't have it all, God gives us love, and that's why we keep friends and family, so that many peoples journey can become easier in life, a friend might have money while another have the knowledge if they come together as one, the mission is accomplished.  

Not only with investment but with any field or job, if you want to have money, the first thing you need to have is knowledge. I have not seen anyone without knowledge who can make money unless you inherit property from your family.
I oppose your statement entirely, knowledge is never wasted. If you have knowledge but don't make money, it's your fault, you are incompetent and can't use your ability to make money. Look at yourself, don't blame education or knowledge when you don't make money.

It's worth it when you have more knowledge about cryptocurrencies and trading, because it will be a strong foundation.
Just need to collect a little money and continue to develop it until you get enough capital.

And if you think otherwise, when someone has a lot of money it will also be useless if they don't have any knowledge about crypto and trading, they will only waste money in vain.

Without money the knowledge will not be in vain, the knowledge will still be usable at any time and can be useful to teach others and it will even be easier to earn money.

But when someone has a lot of money without knowledge, then the money will quickly disappear because they don't have the knowledge of how to manage the money and grow the money with trading.

Knowledge without money is not dead, but with due time, knowledge will explore finance which will benefits the individual that possess it. Knowledge is only given to those who are brave enough to manage difficult conditions and have the ability to remain calm in challenging circumstances. It's understandable how to cope with tough market challenges, especially when our bitcoin objectives don't seem to be succeeding as planned. Option B, the backup alternative, can be activated. Bitcoin is not for everyone because it mostly deals with those who are intellectually gifted. Knowledge is a form of power that benefits those who have it.

I have to disagree, you can earn your bitcoin in this forum just by being knowledgeable, remember that there are signature campaigns in this forum and you can join in any of them if you're lucky enough and that they find you knowledgeable enough. Sure, what you're saying OP can be true maybe outside this forum and I do agree with what you're saying, it's the same as theory without practice is nothing. I myself, would probably find a way to make my own money to invest in bitcoin especially if I am knowledgeable, doing work is a good start to start your investment journey. I wouldn't necessarily agree with the title though if we are talking in general sense, knowledge of something is pretty useful.