You and Your Bitcoin Dreams - My Two Cents

Coyster

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Quote from: Davidvictorson on March 11, 2023, 11:42:31 AM

So, look in the right place. Also, your time is important do not waste it on some dumb stuff of temporary value. In your quest for knowledge, avoid procrastinating. Lastly, remember that with Bitcoin, where you live doesn't determine how much you'll make. Take action and take it now.

Well Bitcoin is actually a currency, thus people do not have to "make it" per se, they basically just have to use it, but understandably in the way they deem fit, either as a payment option or for hodling. Having said that, if one is much more concerned about how much they can make from the network, then they might not bother to spend their time in looking for the right place to garner knowledge because they'll basically just want to put their money in the network and watch it appreciate (which isn't always the case).

The thing is, we in Bitcointalk have a pretty strong foundation in the network, but that's for users who are interested in the quality and constructive threads/discussions that teach quite a lot about Bitcoin, thus, more often that not it becomes easier for a user here to make the right decision about crypto, but it is difficult for people who are somewhat far from the plethora of knowledge in this forum, unless they have other platforms where they can get quality crypto information.

sokani

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Knowledge comes with mistakes and sadly we all have our own share of mistakes when it comes to bitcoin. The second golden rule says never make the same mistake twice, so hopefully we can learn from our past mistakes. I have known about bitcoin some years back but knowing about this forum and being a committed member has really benefited me as I'm privy to information, insights and knowledge I never knew before. My 2023 bitcoin goal is to keep hodling and accommulating bitcoin as I have been doing since last year and I know this is going to pay off in the long run.

Marykeller

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No other knowledge will someone have in investing in bitcoin than invest with the amount he or she can afford to lose, hodl, don't sell when at loss, and be patient. Any other thing will not be necessary since the goal is to invest and make profits. When it comes to investing in bitcoin, this is what counts mostly.

Rikafip

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Quote from: ?? on ??

As an artificial intelligence language model, I do not have personal goals or a personal interest in Bitcoin.mThe current state of the Bitcoin network, including its security, scalability, and adoption.The economic factors that influence the price of Bitcoin, such as supply and demand, market sentiment, and geopolitical events.

Lol buddy, not even chatbot can't save you from your own stupidity as you just revealed that it wasn't you who wrote that post. Better luck next time when you create another alt account with purpose of spamming that chatbot crap.

passwordnow

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Quote from: Davidvictorson on March 11, 2023, 11:42:31 AM

How much knowledge do you need to achieve your Bitcoin goals in 2023? My answer is just enough knowledge to get you started. You will figure the rest out on the way because as someone rightly said, you cannot learn how to drive in a parked car. As a newbie getting knowledge of Bitcoin is as important as where you are getting the knowledge. So, look in the right place. Also, your time is important do not waste it on some dumb stuff of temporary value. In your quest for knowledge, avoid procrastinating. Lastly, remember that with Bitcoin, where you live doesn't determine how much you'll make. Take action and take it now.

Understanding the actual goal like learning stuff and beginning with knowing about cryptocurrencies and having the aim to own a bitcoin starts from having the little that you've got whether it's knowledge or capital, you'll get to play that part until you initiate.
Most goals do require some financing and that's why even if knowledge is there but you haven't that much money to make and to start with, that goal will remain to be one of your lists until it happens. With whatever resources that you have, it's best to use them and maximize like that stuff that we can read from the forum and other websites that can be helpful for a newbie that's starting out his bitcoin journey.

Getmon

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Individuals that are new to bitcoin can teach themselves with simply the nuts and bolts and afterward begin financial planning a sum they can bear to lose. The facts really confirm that we keep on learning deeply about bitcoin and become smarter investors as we move along. Just stay away from any investment scams that use bitcoin and will try to entice newcomers with promises of quick riches. Instead of investing in a platform with regular fixed returns, which is a clear ponzi scheme, just hold bitcoin and possibly other altcoins.

bounceback

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Quote from: michellee on March 12, 2023, 07:19:03 AM

If you dream of changing your life with bitcoins, you must have basic knowledge about using bitcoins. To have that knowledge, we must study hard to find ways or methods that work for us. Each person will use a different way to achieve their goals; only by learning can you find a way.

Maybe it looks very boring because every day you have to learn more. But that's what we all must do: enjoy the process and not complain if we feel bored. If we feel tired while studying, we should rest for a while before starting again because by taking a break, we refresh our minds to receive more lessons.

For a beginner who has just joined here and wants to invest with bitcoin, the first thing they have to learn is the basics of bitcoin and I think they don't need to force themselves to learn anything further than that which will only make their minds more complicated if studying simultaneously, it is enough to know the basic knowledge then they can get the rest later when they have made an investment because when someone has invested with bitcoin on the other hand their knowledge will also increase which is caused by gaining experience, basically the best teacher in our life is experience The more experience we get, the more extensive our knowledge will be.

Cryptomultiplier

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Where the danger lies in achieving any Bitcoin dream is in the mix up of knowledge.
At first, the concept might be understood, but the purchase and other technicalities involved in trading and holding and investments might be bleak. One might either have to learn from their experience after having purchased the coins and is trying out what best would work in the time being.
Most master traders lost a few coins or more before they knew what best worked. So will be the talks of anyone who intends to chase a Bitcoin dream or has begun down this path.

Fiatless

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Quote from: Xal0lex on March 12, 2023, 10:30:13 AM

You can't do without foolishness. Getting to know bitcoin will in any case be accompanied by some mistakes. Some will be stupid and some will be very stupid, but all of this will shape your personal experience and your personal knowledge of cryptocurrencies and bitcoin. Learning without experience with mistakes and stupid decisions won't work, although you should strive for that, but don't be intimidated by the fact that you did something wrong. In cryptocurrency, the best and most reliable knowledge is always obtained only through your own mistakes.

I started my journey about Bitcoin from this forum and if anyone that want to learn comes to this forum he will get many information. I will not say I have learned much about Bitcoin but I know I have gotten some experience. If someone wants to learn about bitcoin, I will gladly refer the person to bitcointalk. I don't want to make so much mistakes because it might result to some losses. That is why I want to learn from other member's experience. The experience of other members will serve as a guide. I also agree that I need to make my mistakes too.

Lida93

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Quote from: Davidvictorson on March 11, 2023, 11:42:31 AM

How much knowledge do you need to achieve your Bitcoin goals in 2023?

We always emphasizing on how to have a palm-full knowledge in making profits with bitcoin as an ultimate goal but I'll diversify from that school of thought for now by saying that traders and investors should focus more on gaining the knowledge of not falling into victim of loosing the Bitcoin they already have even as they thrive to accumulate profits. Getting the knowledge that helps you discern when a certain proposal is a scam scheme, or a certain investment decision may not grow some fruition and how to avoid. This way, you can guide against loosing the bitcoin which you already have while in your quest to achieve more. Like they say, "a bird at hand is better than a thousand in the bush".

ajiz138

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Of course it takes a long journey to reach the current goal in 2023, it's not easy actually how we go through several phases including losses in it but most likely my dream in bitcoin is certainly bigger because I think if I save more bitcoins during the process that then I'd say it works as planned, but I started from a small knowledge but as time goes by about the technology and other features I have understood what we can do now.

But we don't have too much hope in cryptocurrency, this is high volatility, we can be successful even because we learn from previous experiences, we must have the discipline to maintain carelessness in the stupid things we do and continue to learn from others because it will be an important experience for you and myself.

wiss19

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Quote from: Pmalek on March 12, 2023, 04:07:21 AM

It depends on what you consider success. Is a person successful by knowing the technical features of Bitcoin and how everything works and fits in the background? Sure, I would say they are. But what if that person never had any money to invest, was afraid to do it, or didn't acquire enough?

On the other hand, a person on the opposite side of the world heard about if 10 years ago, invested some money, and is now a millionaire. They don't know anything about bitcoin, they don't care what problems it solves, but they have 100 times the wealth that the knowledgeable person made. I think most people would rather be the second guy. So it's a combination of knowledge, risk, and having the financial means to back you.

Pretty much what I think as well. Of course, knowledge is required and is an essential thing for anything that you do as it assists you with the quests that you may face along the way, but being strong financially is the most important aspect, especially if what you are gaining knowledge about is an investment plan or something that you wish to invest in.

So, though it's important to have knowledge and experience about Bitcoin or any cryptocurrency, to achieve your dreams with them, the main thing you will ultimately need is finances, if you lack that, you might not be able to do that.

Jon_Hodl

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Humble Bitcoin Stacktivist

IMHO, there are only a few steps to achieving a high level of bitcoin skill.

1. Stack sats
2. Secure your seed phrase
3. control your private keys and self custody your sats

That is what you need to do in order achieve 90% of any financial goals in bitcoin.

If you want to go a step further and secure your own privacy, then running your own node is an obvious next step.

Quote

Lastly, remember that with Bitcoin, where you live doesn't determine how much you'll make. Take action and take it now.

Yup. Bitcoin is one of the only opportunities that the working class have the opportunity to front run the ruling class.

Xal0lex

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You can't do without foolishness. Getting to know bitcoin will in any case be accompanied by some mistakes. Some will be stupid and some will be very stupid, but all of this will shape your personal experience and your personal knowledge of cryptocurrencies and bitcoin. Learning without experience with mistakes and stupid decisions won't work, although you should strive for that, but don't be intimidated by the fact that you did something wrong. In cryptocurrency, the best and most reliable knowledge is always obtained only through your own mistakes.

summonerrk

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Quote from: Davidvictorson on March 11, 2023, 11:42:31 AM

How much knowledge do you need to achieve your Bitcoin goals in 2023? My answer is just enough knowledge to get you started. You will figure the rest out on the way because as someone rightly said, you cannot learn how to drive in a parked car. As a newbie getting knowledge of Bitcoin is as important as where you are getting the knowledge. So, look in the right place. Also, your time is important do not waste it on some dumb stuff of temporary value. In your quest for knowledge, avoid procrastinating. Lastly, remember that with Bitcoin, where you live doesn't determine how much you'll make. Take action and take it now.

That's right, you need to try to find out in the process of using cryptocurrencies. You can't just read the information. The law of the correlation of theory and practice says that for 70 percent of practice you need to study 30 percent of theory. This happens because practice without theory is blind. And theory without practice is meaningless. This approach will avoid a lot of mistakes, as well as financial losses. In general: you need to study and are not afraid to apply. This is the world of cryptocurrencies, it is interesting and changeable, but in the brave and persistent there are many rewards in it.

tech30338

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everything takes time, targeting a goal for a year will only put pressure to oneself and make bad decission, remember , pressure makes more mistakes, i suggest to take it slowly, since we cannot predict once destiny, i remember someone told me that it takes years to learn a skills, and its true , success is not achieve overnight it needs time sacrifices along the way mistakes to reach those goals.

michellee

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If you dream of changing your life with bitcoins, you must have basic knowledge about using bitcoins. To have that knowledge, we must study hard to find ways or methods that work for us. Each person will use a different way to achieve their goals; only by learning can you find a way.

Maybe it looks very boring because every day you have to learn more. But that's what we all must do: enjoy the process and not complain if we feel bored. If we feel tired while studying, we should rest for a while before starting again because by taking a break, we refresh our minds to receive more lessons.

leonair

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Quote from: Davidvictorson on March 11, 2023, 11:42:31 AM

How much knowledge do you need to achieve your Bitcoin goals in 2023? My answer is just enough knowledge to get you started. You will figure the rest out on the way because as someone rightly said, you cannot learn how to drive in a parked car. As a newbie getting knowledge of Bitcoin is as important as where you are getting the knowledge. So, look in the right place. Also, your time is important do not waste it on some dumb stuff of temporary value. In your quest for knowledge, avoid procrastinating. Lastly, remember that with Bitcoin, where you live doesn't determine how much you'll make. Take action and take it now.

Bitcoin is a potential currency so investing here does not require much knowledge. You just need to understand that investing in Bitcoin should be long term and you should not panic after investing. Then you will be able to earn profit from Bitcoin. And in another case you have to promise that you will not sell bitcoins at a loss. Then you will get good profit from Bitcoin.

Quote from: hatshepsut93 on March 11, 2023, 04:49:36 PM

Bitcoin is not rocket science, you don't need to learn everything about it to "succeed", if you are an investor, you just have to not sell at a loss and hope for eventual profit, if you are earning Bitcoin through some job, just keep getting better at the job.

Yes I agree with you. Bitcoin investing does not require much analysis like other altcoins. Because the whole market depends on bitcoin and all investors like bitcoin and invest in bitcoin so bitcoin is never likely to be a scam and bitcoin will never have a big crash. So investing in Bitcoin for long term has high potential of profit. And all investors can profit from Bitcoin. Patience will be required in this case.

Asuspawer09

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Quote from: Davidvictorson on March 11, 2023, 11:42:31 AM

How much knowledge do you need to achieve your Bitcoin goals in 2023? My answer is just enough knowledge to get you started. You will figure the rest out on the way because as someone rightly said, you cannot learn how to drive in a parked car. As a newbie getting knowledge of Bitcoin is as important as where you are getting the knowledge. So, look in the right place. Also, your time is important do not waste it on some dumb stuff of temporary value. In your quest for knowledge, avoid procrastinating. Lastly, remember that with Bitcoin, where you live doesn't determine how much you'll make. Take action and take it now.

I mean your right experience is the best teacher, and that is where you could really learn a lot of stuff, especially in cryptocurrency research was just wasn't enough, even though you think that you already know everything and know what to do your still going to make a lot of mistakes. Yes at least know the basic knowledge about cryptocurrency but sometimes most of the newbies get stuck and forgot to process to the next step, you know in trading and investing in cryptocurrency even experienced traders make mistakes or experience loss, but most of the time experience traders just know how to handle it.

So starting as soon as possible is a good move, especially at this moment when the market is down, that could easily be a potential profit in the future when the Bullrun comes. Instead of investing when the market price of the cryptocurrency already skyrocket we all know that is wasn't the time to invest or accumulate cryptocurrency since everything skyrockets it becomes riskier for investors since it could easily be a big loss so investing as soon as possible so that you wouldn't regret it.

Pmalek

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It depends on what you consider success. Is a person successful by knowing the technical features of Bitcoin and how everything works and fits in the background? Sure, I would say they are. But what if that person never had any money to invest, was afraid to do it, or didn't acquire enough?

On the other hand, a person on the opposite side of the world heard about if 10 years ago, invested some money, and is now a millionaire. They don't know anything about bitcoin, they don't care what problems it solves, but they have 100 times the wealth that the knowledgeable person made. I think most people would rather be the second guy. So it's a combination of knowledge, risk, and having the financial means to back you.

cryptoaddictchie

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Dreams isnt supposedly be relied on bitcoin right? Its only an instrument that we can use to make our dreams succesful. We should be cautious on the crypto journey since its a risky kind of thing when it comes to investment. How often people loss their money here? A lot but of course we should not be scared when it comes to risking something cause no one get high gains or profits without risking something.

Learning bitcoin isnt hard so slowly you can adopt to it. But dont do that for money alone, learn the system and benefit from it.

Despairo

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Dreams is about a long term purpose, at least next few years, but you're only discuss about goals in this year. It's not a dreams when you're only discuss for one year. If you only hold Bitcoin for a year, you either don't make money or you only make a little profit.

Just stay focus to make money in your real jobs, learn about a new thing that will boost you to earn more money and make sure you convert most of your money into Bitcoin using DCA strategy.

Sarah Azhari

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Quote from: Davidvictorson on March 11, 2023, 11:42:31 AM

How much knowledge do you need to achieve your Bitcoin goals in 2023?

Basic knowledge is more important than other things. Many newbies don't want to know about that and just want to succeed and got a big profit. An example of basic knowledge is a non-custody wallet, before continuing to another thing, a newbie must know how to keep the private key because it's useless to succeed if all funds are on exchange wallets which at any time taken away from the exchange owner.

Cryptoababe

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Good write up. I heard about bitcoin in 2015 and since then, I've learnt a lot. The truth is we keep knowing more everyday as people keep making different kinds of use cases and developments for bitcoin. There is so much to come as time goes. And For now, Im learning about some new developments Bitcoin OGs have made on Bitcoin to make it easy for humanity to use.

un_rank

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- Jay -

A newbie should not be pressured to take any action and if they must get their hands into the game, then they should do with a much reduced amount to learn how to create a wallet and back it up. They should also test out with small transactions to learn how to send securely. Other experiments like sending on an airgapped device which involves operating on two devices and also using a hardware wallet.

After familiarizing with the basics, they decide when to invest and how they want to do that.

- Jay -

hatshepsut93

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Bitcoin is not rocket science, you don't need to learn everything about it to "succeed", if you are an investor, you just have to not sell at a loss and hope for eventual profit, if you are earning Bitcoin through some job, just keep getting better at the job.

In Bitcoin it's more important to learn not what to do, but what to not do - as there's a lot of potential mistakes to make that can easily cost you your coins. Like storing coins on an exchange, falling for a scam, getting your coins stolen by malware.

drwhobox

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- hello doctor who box

That is a bold statement for newbies in this forum who hesitate to get into bitcoin or cryptocurrencies. I have so many friends who heard about bitcoin before 2015 and didn't get involved and now they regret their hesitation or lack of decision-making. On the other hand many get involved in cryptocurrency later and get their reward for taking the right decision in time.

I think when any opportunity comes and you see the potential in it, you have to dive deep and get your research done and take the right decision in time.

Dunamisx

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Quote from: Davidvictorson on March 11, 2023, 11:42:31 AM

How much knowledge do you need to achieve your Bitcoin goals in 2023?

You can acquire enough knowledge but you have to know the rightful application of this knowledge in other to avoid a waste of it on you, this will also guide you towards exercising caution in whatever thing you're doing to always ensure you think twice before taking a step and action, but lastly, never forget that bitcoin is never limited to a specific rate to how far one can go in acquiring it's knowledge.

Quote from: Davidvictorson on March 11, 2023, 11:42:31 AM

Also, your time is important do not waste it on some dumb stuff of temporary value. In your quest for knowledge, avoid procrastinating.

Good idea, dont be too timid to learning new things and be reserved by not been too forward, don't always assume you know everything, anyone trying to waste your time is not worth being with you at all, also deals with laziness because that's what introduces procrastination.

Davidvictorson

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How much knowledge do you need to achieve your Bitcoin goals in 2023? My answer is just enough knowledge to get you started. You will figure the rest out on the way because as someone rightly said, you cannot learn how to drive in a parked car. As a newbie getting knowledge of Bitcoin is as important as where you are getting the knowledge. So, look in the right place. Also, your time is important do not waste it on some dumb stuff of temporary value. In your quest for knowledge, avoid procrastinating. Lastly, remember that with Bitcoin, where you live doesn't determine how much you'll make. Take action and take it now.

Topic: You and Your Bitcoin Dreams - My Two Cents (Read 283 times)