Very simple, sometimes some people forget to learn simple things due to being obsessed with high things. Ideally, buy at low prices and then sell at high prices, this is all you need to know as basic knowledge about Bitcoin. The rest is how to store Bitcoin safely, in my opinion this section is relative, the safest place depends on each individual. No need to force yourself to jump to higher things while the basic tricks have not been learned. Do it according to the level of ability of knowledge that is mastered, if don't have any further plans yet, no need to force yourself to learn something that is not needed.
Topic: You don't need to learn everything about Bitcoin - page 2. (Read 249 times)
One of the most common advises in this section, generally posted by other newbies, is that you need to "learn bitcoin" to "succeed". I think it's counterproductive.
You need to learn only two things - how to use Bitcoin and how to not lose it. The rest depends on what you want to do.
Your advice is simply the best. Everyone must know basic steps to protect their capital first. Safety for their capital must be their first priority. Unfortunately, people mostly forget about it and they only chase for profit that is related to risk.You need to learn only two things - how to use Bitcoin and how to not lose it. The rest depends on what you want to do.
Reminder: do not keep your money in online accounts
Just like people chased for profit, accept risk and ignore basic steps to protect their capital and eventually lost money in FTX, Celcius, Voyager ...
They must know where are best places to store their bitcoin and I am sure it should not be on exchanges, online accounts.
bitcoin is multifaceted and covers a vast array of knowledge bases in different topics, including economics, computer science, game theory, cryptography, and the history of money. This reason alone is why most people say that you must find the areas of bitcoin that interest you the most and then dig deep into them.
However, the phrase "how not to lose it" is easier said than done. You still have to do a bit of legwork, including running your own node, understanding how an air-gapped wallet and multi-sig wallet work, coin mixing, as well as inheritance planning. Still, I agree that every bitcoiner should force themselves learning those.
However, the phrase "how not to lose it" is easier said than done. You still have to do a bit of legwork, including running your own node, understanding how an air-gapped wallet and multi-sig wallet work, coin mixing, as well as inheritance planning. Still, I agree that every bitcoiner should force themselves learning those.
Reading this forum for many hours per day alone won't make you rich.
Sure, but it'll help you easily thrive and qualify in most of the campaigns.
One of the most common advises in this section, generally posted by other newbies, is that you need to "learn bitcoin" to "succeed". I think it's counterproductive.
You need to learn only two things - how to use Bitcoin and how to not lose it. The rest depends on what you want to do. You don't need to learn how to trade if you don't plan trading. You don't need to learn how Bitcoin works on a very low level if you don't plan to become a Bitcoin developer. Sure, it's good to know, but it's not necessary to "succeed". You don't need to learn all about mining if you don't plan to mine. You don't need to learn advanced cryptography if you are not a developer.
There's two ways to make money with Bitcoin - buying and waiting for the price to rise, or doing some Bitcoin-related work. And the first doesn't require any deep knowledge, just have an exit strategy and don't panic sell. Reading this forum for many hours per day alone won't make you rich.
You need to learn only two things - how to use Bitcoin and how to not lose it. The rest depends on what you want to do. You don't need to learn how to trade if you don't plan trading. You don't need to learn how Bitcoin works on a very low level if you don't plan to become a Bitcoin developer. Sure, it's good to know, but it's not necessary to "succeed". You don't need to learn all about mining if you don't plan to mine. You don't need to learn advanced cryptography if you are not a developer.
There's two ways to make money with Bitcoin - buying and waiting for the price to rise, or doing some Bitcoin-related work. And the first doesn't require any deep knowledge, just have an exit strategy and don't panic sell. Reading this forum for many hours per day alone won't make you rich.
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