Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: bitterguy28 on March 26, 2025, 04:31:35 AM
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i believe that there are fundamentals of bitcoin that are easy to understand and fundamentals in which if you understand already you can get to investing but there are so many things to understand about bitcoin technical things and whatnot
i saw a post on the other forum about how you should just know that the market is volatile and know the good times to enter and exit and those information are enough for you to start your bitcoin journey you buy and you shut up as that one person said keep holding and do not complicate things
will you agree or do you think that an in depth understanding of the blockchain tech and market factors affect greatly how your investment will turn out to be?
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will you agree or do you think that an in depth understanding of the blockchain tech and market factors affect greatly how your investment will turn out to be?
You do not need to be a bitcoin tech savvy before you will know about bitcoin investment. If you are able to understand how to trade bitcoin and how to safely and securely keep it on your wallet, you have no problem. You do not need to be a bitcoin tech savvy to know these.
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If I share my part of the story in this, I entered the bitcoin market with zero knowledge, haha. So, actually, how I entered the bitcoin market, was during my university time period. I was doing online business, and at that time I had to quit that business due to some reasons, and after that I joined the crypto space; the first crypto I bought at that time was Bitcoin.
So, here what inspired me to buy bitcoin: my two university fellows; they used to talk about crypto space while sitting beside me, and honestly, at that time, I always used to ignore their talks, and when I quit my online business, one of them suggested me to buy bitcoin, and after buying bitcoin, I started to take interest in it and started my research on it and I learned a lot after that time.
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i believe that there are fundamentals of bitcoin that are easy to understand and fundamentals in which if you understand already you can get to investing but there are so many things to understand about bitcoin technical things and what not.
To start with I think you are actually mixing up a few things. There are actually several sections to cryptocurrencies or bitcoin at least in this context. Blockchain related stuff is far different from trading and similarly it's actually different from Hodling too. Understanding Blockchain technicalities for example doesn't guarantee a proper trading journey given their difference in Field.
DCA is a form of Hodling but a more convenient one for those that may not be able to afford buying a huge chunk during a dip.
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will you agree or do you think that an in depth understanding of the blockchain tech and market factors affect greatly how your investment will turn out to be?
I agree, although basic understand of the technology and how to store Bitcoin securely are also important. With those, you can avoid common scam that use intentionally use random technical term incorrectly.
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i believe that there are fundamentals of bitcoin that are easy to understand and fundamentals in which if you understand already you can get to investing but there are so many things to understand about bitcoin technical things and whatnot
i saw a post on the other forum about how you should just know that the market is volatile and know the good times to enter and exit and those information are enough for you to start your bitcoin journey you buy and you shut up as that one person said keep holding and do not complicate things
will you agree or do you think that an in depth understanding of the blockchain tech and market factors affect greatly how your investment will turn out to be?
- On the part of the newbies if they enter this bitcoin industry it will not be easy for them to immediately understand Bitcoin. Because when I was just starting out here it was not that easy for me to immediately pick up what bitcoin means to me.
Because I read it several times and I researched several times on various platforms just to really understand what bitcoin is, and even on YouTube I watched content creators explaining what bitcoin is and its benefits in our language, I also did not immediately get the point benefits of bitcoin, it really takes time.
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Not all people can be technically-inclined and unfortunately am one of those people under this category so it would help if we can present Bitcoin as simple as possible and then as time goes on allow other details to seep in into our consciousness. We should know the basics and that can be a very good start. Now, if one is adept when to enter and when to exit the market...one can already be a millionaire with cryptocurrency already. Of course, it is not as simple as that but can be a very good foundation. I also think that learning is actually non-stop so we should not be closing our mind to a wider scope of knowledge but we should not be burdened with that at the same time.
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For me, a basic understanding of investing in Bitcoin is very important, and at least we understand what the advantages of investing in Bitcoin are, the possible profits, and also all the risks that we will face under certain conditions. Including the influence of FUD, FOMO, hype, bear and bull cycles, and so on. So we have to prepare for it so that we know our limits and targets in investing in Bitcoin.
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I don’t think there should be a limit to what you can understand because learning is the backbone of anything successful in your life. It’s constantly growing, and additional projects are possibly implementing it, maybe countries as well, so I guess the important things to learn are the fundamentals and what it is about, but it shouldn’t stop there.
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I don’t think there should be a limit to what you can understand because learning is the backbone of anything successful in your life. It’s constantly growing, and additional projects are possibly implementing it, maybe countries as well, so I guess the important things to learn are the fundamentals and what it is about, but it shouldn’t stop there.
Only knowledge may be transformed into something bigger - experience, success, or failure.
And it's a hard time evolving, though it's need to progress forward and achieve new heights.
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For me, a basic understanding of investing in Bitcoin is very important, and at least we understand what the advantages of investing in Bitcoin are, the possible profits, and also all the risks that we will face under certain conditions. Including the influence of FUD, FOMO, hype, bear and bull cycles, and so on. So we have to prepare for it so that we know our limits and targets in investing in Bitcoin.
Everyone who becomes an expert starts with basic knowledge here in bitcoin. Because every time we study something even if it's just basic and we implement it correctly and do it smoothly with repeated actions, we become skilled.
And besides, there are so many ways for us to know something, especially now that we have AI that makes it easier for us to know the things we want to research,
so that we can instantly get the answer.
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The saying "keep Bitcoin and don't complicate things" may be applicable to beginners who don't know much about Bitcoin and don't want to miss out. Therefore, they can buy now and then understand Bitcoin later.
But in general, from my perspective, for any investment to succeed, you must understand everything about it. It's not enough to know that Bitcoin is a profitable investment in the long term. You must also understand the technology thoroughly in all its dimensions, so you don't end up like someone who holds a precious piece of jewelry but doesn't know its value and can easily lose it.
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You do not need to be a bitcoin tech savvy before you will know about bitcoin investment. If you are able to understand how to trade bitcoin and how to safely and securely keep it on your wallet, you have no problem. You do not need to be a bitcoin tech savvy to know these.
I agree. We just need to understand the basics about Bitcoin and we're good to go. As long as I know the proper and safe way to store my Bitcoin on my wallet I'm good with it same with sending and receiving Bitcoin is as easy as 1, 2, 3!
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will you agree or do you think that an in depth understanding of the blockchain tech and market factors affect greatly how your investment will turn out to be?
There is no lie in this to me because with an in-depth understanding of how the market is, especially to a new investor, you will not be emotionally disturbed when the market starts acting in a manner where the value of your investment starts to drop. Your reaction to FUD will not be the same as someone with a shallow understanding of the market. Poor understanding can definitely affect the potential for success in investment.
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You do not need to be a bitcoin tech savvy before you will know about bitcoin investment.
Yes, it's not needed to be a tech savvy in order to start investing in Bitcoin but at some stage when someone is fully into Bitcoin investment then it's good to get so much information about it. Because it becomes a responsibly to save your investment from frauds and hackers and for that purpose learning tech is very important.
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i believe that there are fundamentals of bitcoin that are easy to understand and fundamentals in which if you understand already you can get to investing but there are so many things to understand about bitcoin technical things and whatnot
i saw a post on the other forum about how you should just know that the market is volatile and know the good times to enter and exit and those information are enough for you to start your bitcoin journey you buy and you shut up as that one person said keep holding and do not complicate things
will you agree or do you think that an in depth understanding of the blockchain tech and market factors affect greatly how your investment will turn out to be?
Totally depends on your curiosity on which other people might giving out their own opinions on which it isnt really that wrong though but if you are really that some sort interested with the tech, then you are free to dig deep even more on which this one will really be that basing up on someones knowledge on how they do adapt on things. Speaking technically then pretty sure that only a few would really be able to know or would be able to learn up these things and the rest or lets say the majority will really be that focusing on how to make money and doesnt really care about other things on which as long they can make money then that would really be enough or sufficient. For those who are really that curious then they would really be that studying even further.
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will you agree or do you think that an in depth understanding of the blockchain tech and market factors affect greatly how your investment will turn out to be?
Understanding blockchain tech is not that important for investment. There are thousands of great holders, and I don't think all of them know coding or advanced blockchain tech. Knowing the basics is enough. I don't know anything about blockchain technology, and I don't even know how it works. But I believe I am a good holder, which is why I am still in profit.
But if you know the work behind the blockchain, you will have more faith in certain coins, and you will be able to decide which coins/tokens to avoid. You don't have to rely on what others and the developers are saying.
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For someone who is going to be holding for the long term, I don't think they might actually need to learn the deep side of bitcoin. All they can try to understand is the markets volatile nature, how to store their funds and have a goal on a long term to help them hodl their coins. For a short term trader, he has to be updated with current fundamentals that might affect the market and an in-depth of the market behaviour.
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will you agree or do you think that an in depth understanding of the blockchain tech and market factors affect greatly how your investment will turn out to be?
Understanding blockchain tech is not that important for investment. There are thousands of great holders, and I don't think all of them know coding or advanced blockchain tech. Knowing the basics is enough. I don't know anything about blockchain technology, and I don't even know how it works. But I believe I am a good holder, which is why I am still in profit.
But if you know the work behind the blockchain, you will have more faith in certain coins, and you will be able to decide which coins/tokens to avoid. You don't have to rely on what others and the developers are saying.
Agreed.
For investing, you should just get the hold of the basics and why X coin is well to be hodled and why it doesn't fall off with time, what values it upholds.
All the details can be learned in the process of holding such a coin (if needed).
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will you agree or do you think that an in depth understanding of the blockchain tech and market factors affect greatly how your investment will turn out to be?
Sometimes does not matter because when you think about how long you would hold bitcoin and also thinks about how the market has been making tremendous changes over the past period of years then you would know that you can invest in bitcoin without even having a sound knowledge of it. I think trading deals with more of analysis and knowing how the market works perfectly before achieving things within the market but however, when you know less about investment you may decides to learn about wallet and how to protect your investment including seedphrase and other activities that may looks so malicious to your investment to avoid them, with that your investment is protected while you keeps learning more things about the cryptocurrency space.
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For someone who is going to be holding for the long term, I don't think they might actually need to learn the deep side of bitcoin. All they can try to understand is the markets volatile nature, how to store their funds and have a goal on a long term to help them hodl their coins. For a short term trader, he has to be updated with current fundamentals that might affect the market and an in-depth of the market behaviour.
They should know why BTC is scarce.
Why it becomes only more and more valuable with time.
And why they shouldn't fear any dips and corrections ahead.
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will you agree or do you think that an in depth understanding of the blockchain tech and market factors affect greatly how your investment will turn out to be?
There is no lie in this to me because with an in-depth understanding of how the market is, especially to a new investor, you will not be emotionally disturbed when the market starts acting in a manner where the value of your investment starts to drop. Your reaction to FUD will not be the same as someone with a shallow understanding of the market. Poor understanding can definitely affect the potential for success in investment.
You see, an investor, especially the long term plans, it is required that such investors should not consider looking at the short term profit/lost. Their goal is holding crypto assets for at least, five years or more despite the performance of the market price today.
Again, a long term investors shouldn't be emotional when they see market going down. I think that crypto investments does not need emotion otherwise, investors will keep losing for fear of market crashing.
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You see, an investor, especially the long term plans, it is required that such investors should not consider looking at the short term profit/lost. Their goal is holding crypto assets for at least, five years or more despite the performance of the market price today.
Again, a long term investors shouldn't be emotional when they see market going down. I think that crypto investments does not need emotion otherwise, investors will keep losing for fear of market crashing.
Yep. It's about a broader perspective.
A good investor that will hold through years to come won't look at any dip or something bigger with eyes full of fear - he will just wait it out and see what comes after it, until his target will be reached eventually.
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- I think if you are a long-term investor or a busy businessman who is interested in bitcoin investment, this is a quick lesson, I don't think it's necessary to learn this if you are a type of long-term investor. Because this is what whales actually do.
They hold in the long-term, because they don't want the hassle, and they don't need to monitor the price from time to time but just wait for the right time and place when they plan to sell it and at what price they want.
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Understanding blockchain tech is not that important for investment. There are thousands of great holders, and I don't think all of them know coding or advanced blockchain tech. Knowing the basics is enough. I don't know anything about blockchain technology, and I don't even know how it works. But I believe I am a good holder, which is why I am still in profit.
But if you know the work behind the blockchain, you will have more faith in certain coins, and you will be able to decide which coins/tokens to avoid. You don't have to rely on what others and the developers are saying.
Well, you changed your name, and I came to know it some days ago. How can we change our name? Is there any fee we need to pay for that? Other than that, it's been nearly three years since I have been in the crypto space, and I am still not an expert in the crypto space; I only have minor knowledge about the blockchain technology, and my role in this space is the same as yours, haha.
I have been holding my assets from day one and am still holding. On the other hand, we learn a lot during all that period of time while surviving in any specific space.
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- I think if you are a long-term investor or a busy businessman who is interested in bitcoin investment, this is a quick lesson, I don't think it's necessary to learn this if you are a type of long-term investor. Because this is what whales actually do.
They hold in the long-term, because they don't want the hassle, and they don't need to monitor the price from time to time but just wait for the right time and place when they plan to sell it and at what price they want.
Appropriate hodling means no nerve put into the market.
And that's truly wonderful about BTC and the process we are talking about.
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will you agree or do you think that an in depth understanding of the blockchain tech and market factors affect greatly how your investment will turn out to be?
If what you are referring to or talking about Is the technical knowledge of how the bitcoin blockchain works, then I think this knowledge if not really important to have to determine the outcome of our investment in bitcoin, though it's still a very important knowledge to have as we never know when it will come in handy for us...
Investing in bitcoin and not knowing how the bitcoin blockchain works is like some one who buys a car, he's a very good driver but doesn't know how the car engine works.
One does not need to know how a car engine works to be a very good driver, though it's still an important knowledge to know as a driver since this could help figure out faults easily, same also, one does not really need to know how the entire bitcoin blockchain works to be or become a very big and successful bitcoin investor.
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will you agree or do you think that an in depth understanding of the blockchain tech and market factors affect greatly how your investment will turn out to be?
If you will not take this up, you will end up just following what others are saying about what to buy and when to sell. Of course, you need to study how the market works and the investors emotions during each phase. You don't have to be too technical; just learn just enough to keep your portfolio safe from hackers and scammers. Nothing beats knowledge. You are responsible for your losses and profits, so you need to keep learning and updating yourself.
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will you agree or do you think that an in depth understanding of the blockchain tech and market factors affect greatly how your investment will turn out to be?
Yes, if that knowledge would be taken, then we can obviously be more confident about market and we can hold it even in the highly volatile market when the market is red and everything seems so bad, in these times the confidence is what we need and without knowledge, we can't withstand it.
Therefore we need self knowledge rather then listening to others, because listening to others won't give us this kind of confidence. Overall the answer to the topic title, would be to lean enough that can give them the idea about What btc and blockchain is, how it works, how it gains value, how it can lose value, what are the basic terms used in crypto.
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will you agree or do you think that an in depth understanding of the blockchain tech and market factors affect greatly how your investment will turn out to be?
Understanding blockchain tech is not that important for investment. There are thousands of great holders, and I don't think all of them know coding or advanced blockchain tech. Knowing the basics is enough. I don't know anything about blockchain technology, and I don't even know how it works. But I believe I am a good holder, which is why It I am still in profit.
But if you know the work behind the blockchain, you will have more faith in certain coins, and you will be able to decide which coins/tokens to avoid. You don't have to rely on what others and the developers are saying.
Blockchain technology is not most important for invest on cryptocurrency. But i think it also true that it is very helpful for investors. For Blockchain technology we can found good and bad coin. Even we able to understand about any coins future.
So we can say although Blockchain technology is not mandatory to invest on cryptocurrency but it has huge importance to invest on cryptocurrency.
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Overall the answer to the topic title, would be to lean enough that can give them the idea about What btc and blockchain is, how it works, how it gains value, how it can lose value, what are the basic terms used in crypto.
Actually, this is just basic knowledge that needs to be learned by everyone who wants to get involved in crypto.
Without this kind of basic knowledge, they won't understand how crypto works.
People who are starting to learn and understand bitcoin works certainly also have goals to do, they may be able to develop their own projects or make investments according to what they learn, because Bitcoin will provide benefits for those who are able to survive.
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For me, a basic understanding of investing in Bitcoin is very important, and at least we understand what the advantages of investing in Bitcoin are, the possible profits, and also all the risks that we will face under certain conditions. Including the influence of FUD, FOMO, hype, bear and bull cycles, and so on. So we have to prepare for it so that we know our limits and targets in investing in Bitcoin.
Everyone who becomes an expert starts with basic knowledge here in bitcoin. Because every time we study something even if it's just basic and we implement it correctly and do it smoothly with repeated actions, we become skilled.
And besides, there are so many ways for us to know something, especially now that we have AI that makes it easier for us to know the things we want to research,
so that we can instantly get the answer.
Yes, indeed, everyone as an expert must start from basic knowledge. and the difference is how they develop themselves from basic to the next standard, yes it depends on how each individual is able to make themselves develop in the crypto world whether only limited to being able to, limited to this and that, or can really develop as an expert.
and for such things, it will also greatly affect the mindset, seriousness, and development of our involvement in crypto, and can also affect our income. so yes how we prepare and develop our potential, then to get income and others from the crypto space.
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I don’t think there should be a limit to what you can understand because learning is the backbone of anything successful in your life. It’s constantly growing, and additional projects are possibly implementing it, maybe countries as well, so I guess the important things to learn are the fundamentals and what it is about, but it shouldn’t stop there.
Yeah, learning is continuous process, actually there is no limit to learning, it is until the end of a life time. Every newbie investors must start from the basics step and gradually grow to higher levels on trading and investing experiences over times.
There are various way to learn cryptocurrency and the blockchain technology, to learning fast, every newbies must have interest on reading and asking questions from the most experienced people or experts on social networks, and on the forum like Altcoinstalks and others. There are books also to read about cryptocurrency, YouTube lessons are great options for better learning experience s.
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Even we able to understand about any coins future.
So we can say although Blockchain technology is not mandatory to invest on cryptocurrency but it has huge importance to invest on cryptocurrency.
knowing the basics of a coin is enough for me to decide If I want to invest or not. The first thing I check is what their supply limit is and if it has a limited supply or not. If it has a supply limit, it is a green signal, and then I start checking the other facts. You should also check if the source code was audited or not. Usually, companies like Certik audit a lot of crypto source code to make sure that the developers did not create any backdoors in the code. Always check the audit report to know if the developer has access to make changes and if they can block other people's funds.
BTW, we are talking about Bitcoin here. Let's get back to Bitcoin again.
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Yeah, learning is continuous process, actually there is no limit to learning, it is until the end of a life time. Every newbie investors must start from the basics step and gradually grow to higher levels on trading and investing experiences over times.
There are various way to learn cryptocurrency and the blockchain technology, to learning fast, every newbies must have interest on reading and asking questions from the most experienced people or experts on social networks, and on the forum like Altcoinstalks and others. There are books also to read about cryptocurrency, YouTube lessons are great options for better learning experience s.
That learning is endless but if someone cannot read the market movement then it is not effective if one is just stuck with the theory only. In the current market, BTC is begin to rise dramatically and there are people who will spend most of the time learning and do not actually make use of real market state. Often, several individuals read theories which they should know that the market moves far ahead of those theories. When a person is still questioning in the forum waiting for an answer, the market has gone far ahead of them and does something that the person never imagined. To sum up, learning only results in rusting and the crypto-world is a place that isn’t slow in hours, days, weeks or months.
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Overall the answer to the topic title, would be to lean enough that can give them the idea about What btc and blockchain is, how it works, how it gains value, how it can lose value, what are the basic terms used in crypto.
Actually, this is just basic knowledge that needs to be learned by everyone who wants to get involved in crypto.
Without this kind of basic knowledge, they won't understand how crypto works.
People who are starting to learn and understand bitcoin works certainly also have goals to do, they may be able to develop their own projects or make investments according to what they learn, because Bitcoin will provide benefits for those who are able to survive.
More knowledge - more understanding of what to do, and more importantly - why.
It all goes to a proper investment plan and actions toward accumulating more BTC.
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Actually, this is just basic knowledge that needs to be learned by everyone who wants to get involved in crypto.
Without this kind of basic knowledge, they won't understand how crypto works.
People who are starting to learn and understand bitcoin works certainly also have goals to do, they may be able to develop their own projects or make investments according to what they learn, because Bitcoin will provide benefits for those who are able to survive.
Yes but the amazing thing is people don't even want to learn these basic things but they just want to invest and make huge money that can change their lifestyle forever haha, what a joke. I always ignore such people, I have come to face such many times and when I judge their mentality that they think crypto is some quick rich scheme, I simply ignore them after guiding them a little.
I mean they think without knowledge they can achieve exceptional wealth, which is not even true if you have knowledge haha.
I like the project development point as this is soo true if they will have knowledge and more interest then we have they can be the next trend changer.
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will you agree or do you think that an in depth understanding of the blockchain tech and market factors affect greatly how your investment will turn out to be?
I think so. Because I remember that most of the early investors said about Bitcoin are these,
"this is the future money".
"Blockchain is the future".
So, if everyone can remember that. Knowing and understanding the concept of Bitcoin and the technology behind it gives a stronger confidence about investing on it in a longer sense and term.
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More knowledge - more understanding of what to do, and more importantly - why.
It all goes to a proper investment plan and actions toward accumulating more BTC.
I can't agreed, this one line is enough to make other understand the importance of knowledge. if we don't know what blockchain is, and what is halving, burning, tokenomics, supply and demand, in short if we don't know the micro and macro economics of the market we can't really survive therefore, we have to build confidence in our trades and that can only be built if we have knowledge and stamina both,
Accumulating BTC is the best way to make money in the long run, we can make exceptional wealth if BTC become globally adopted and it will start after the USA adds it to their reserves and the first step has been made where they announced they have plans to add it.
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There are no statistics available therefore we can come to our own conclusions. I think well over 99% of people interested in Bitcoin are actually interested in the money that can be made rather than the technology behind it.
Investors do not need to understanding anything about how Bitcoin works or anything about blockchains, all they are interested in is making money.
i believe that there are fundamentals of bitcoin that are easy to understand and fundamentals in which if you understand already you can get to investing but there are so many things to understand about bitcoin technical things and whatnot
i saw a post on the other forum about how you should just know that the market is volatile and know the good times to enter and exit and those information are enough for you to start your bitcoin journey you buy and you shut up as that one person said keep holding and do not complicate things
will you agree or do you think that an in depth understanding of the blockchain tech and market factors affect greatly how your investment will turn out to be?
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will you agree or do you think that an in depth understanding of the blockchain tech and market factors affect greatly how your investment will turn out to be?
Of course I believe in this opinion, because the deeper the knowledge we learn, of course it will be easier for us to determine the direction in which we will determine our investment. when to do the right execution, so that we can get greater profits.
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will you agree or do you think that an in depth understanding of the blockchain tech and market factors affect greatly how your investment will turn out to be?
You do not need to be a bitcoin tech savvy before you will know about bitcoin investment. If you are able to understand how to trade bitcoin and how to safely and securely keep it on your wallet, you have no problem. You do not need to be a bitcoin tech savvy to know these.
It's as simple as ABC. Bitcoin doesn't really need from our side except for us to know the fundamentals of knowing how to secure your wallet, know when to buy and sell, and don't click unsolicited links. You will be all good with that without any problem
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will you agree or do you think that an in depth understanding of the blockchain tech and market factors affect greatly how your investment will turn out to be?
Of course I believe in this opinion, because the deeper the knowledge we learn, of course it will be easier for us to determine the direction in which we will determine our investment. when to do the right execution, so that we can get greater profits.
Knowledge is very important in determining the direction of our investment, I agree with you. because with good knowledge and experience we can choose to be a trader or a holder. because if we do not have good trading knowledge, we can still choose to be a holder.
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i saw a post on the other forum about how you should just know that the market is volatile and know the good times to enter and exit and those information are enough for you to start your bitcoin journey you buy and you shut up as that one person said keep holding and do not complicate things
This is what a typical trader would say. They are used to using brokers and other centralized platforms. Nothing wrong if they are content with that but for a beginner that also want full control, then understanding how to transfer to a non-custodial wallet and keep it safe is a must.
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I wonder how you would categorize "how our investment turns out to be"? Is it simply about making as much profit as possible? If that's the case, I think understanding the market plays a bigger role compared to understanding the tech itself. I mean, we have memes, NFTs, airdrops, and so on. I bet you a lot of people who jump on these projects and made a ton of money don't give a damn about the project itself. I remember a small project that I followed in the past that had some whales who pumped the token to $100, made some posts on social media for a while, and then deleted their accounts after they made a decent profit.
If we're talking about long-term investment, I guess you also have to believe that the assets you bought will face possible issues with no problem. Knowledge of the asset plays a bigger part there. I'm not sure if that's the only factor considering some people don't want to buy when the bear market hit even if they say Bitcoin will be back again.
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i believe that there are fundamentals of bitcoin that are easy to understand and fundamentals in which if you understand already you can get to investing but there are so many things to understand about bitcoin technical things and whatnot
i saw a post on the other forum about how you should just know that the market is volatile and know the good times to enter and exit and those information are enough for you to start your bitcoin journey you buy and you shut up as that one person said keep holding and do not complicate things
will you agree or do you think that an in depth understanding of the blockchain tech and market factors affect greatly how your investment will turn out to be?
The deeper you do understand the more better things that will really be that happening in regarding with your crypto or Bitcoin investment on which you do really that found yourself that being knowledgeable not only on a common or known spot but rather on different branches, but its true that its not really that needing up to know everything specially on technical aspects because not all will really be that tech savy. If you do have plans on making up some investment then basic knowledge and information will really be that relevant or something that you must need up to consider to learn first. Everything or other information will come naturally or would be able to learn up naturally along the way. So everything will really be just that getting in line. The key on here is that you do need up to understand and act accordingly on what things that supposed to be.
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The deeper you do understand the more better things that will really be that happening in regarding with your crypto or Bitcoin investment on which you do really that found yourself that being knowledgeable not only on a common or known spot but rather on different branches, but its true that its not really that needing up to know everything specially on technical aspects because not all will really be that tech savy. If you do have plans on making up some investment then basic knowledge and information will really be that relevant or something that you must need up to consider to learn first. Everything or other information will come naturally or would be able to learn up naturally along the way. So everything will really be just that getting in line. The key on here is that you do need up to understand and act accordingly on what things that supposed to be.
Newbies getting into this industry and willing to make investments need to understand that basic knowledge shouldn't be too basic. Just by knowing that Bitcoin is a cryptocurrency that can be bought through exchanges and kept in wallets isn't enough knowledge for one to be good enough to start making investments. The basic knowledge should also include market knowledge and understanding of Bitcoin's history and how it reached where it is today.
After that, it's also important for people to stay informed of what's happening in the market and should also learn about FUDs, FOMO, and how to handle such situations so that they don't lose money by panicking after making their investment only due to FUDs or shouldn't FOMO as that can be dangerous as well.
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I partly agree that knowing the basics of Bitcoin and being aware of market ups and downs is enough to start investing. But I also think that understanding more about blockchain technology and market factors can really help investment do well. Knowledge about when to buy and sell is important but understanding technology and market can help to make better decisions. It is good to know about things like how blockchain works and how coins are made and how network is secured. I think best way is to have good understanding of Bitcoin and blockchain basics and stay informed about market trends and make informed decisions to reach your investment goals.
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i saw a post on the other forum about how you should just know that the market is volatile and know the good times to enter and exit and those information are enough for you to start your bitcoin journey you buy and you shut up as that one person said keep holding and do not complicate things
Well, that's true and I'm a prime example of it.
I don't know anything about the technical aspect of Bitcoin. I might know some terms, but I'm not a technical person, but I know when to enter, and when to exit because I know how to read the charts. For me, knowing to enter and to exit in Bitcoin is a good thing, but knowing every basic things about Bitcoin would help you big time in your journey.
will you agree or do you think that an in depth understanding of the blockchain tech and market factors affect greatly how your investment will turn out to be?
That might help you, but that doesn't mean that you will not become a successful investor if you don't know the technical side of it. I mean look at those businessmen out there who invests into Bitcoin. Most of them might not even know the technical aspect of Bitcoin. They might not even know what a node is. My point is, having an in-depth understanding about Bitcoin and the blockchain "MIGHT" help you with your investment, but it isn't a requirement for you to become successful.
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For enthusiasts maybe but probably not for investors. As a general rule, by far the majority of people are not interested in Bitcoin unless they can make money from it therefore learning about it cannot be essential for everyone.
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Learning never ends, we should continue in learning because we cant know it all, we may only go for the aspects that are of importance or priority to us, which is what most of us engage in doing, but despite all that, we still have to continue with learning because crypto is very wide, we need to be always informed about the developments and updates ongoing there in, so that we may not miss out on what would have be of interest to us.
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Learning never ends, we should continue in learning because we cant know it all, we may only go for the aspects that are of importance or priority to us, which is what most of us engage in doing, but despite all that, we still have to continue with learning because crypto is very wide, we need to be always informed about the developments and updates ongoing there in, so that we may not miss out on what would have be of interest to us.
agreed with you learning is never ending, especially in the crypto world which is always developing with new projects and technologies. We must know it, because crypto is a technological advancement and as crypto lovers we must have knowledge about it.
As investors and traders must always learn, especially a trader who must have a strategy and short-term plan must be able to learn to read the market, make analysis and set targets.
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will you agree or do you think that an in depth understanding of the blockchain tech and market factors affect greatly how your investment will turn out to be?
No I don't think so.
When it comes to investment, you have to make it as simple as possible so that you won't complicate things for yourself. The basic knowledge that we even suggest for a new investors does not exceed knowing how the market moves (volatility), understanding what happens in every season of the market, knowing how to make purchase, choosing the write storage method, and how important our keys are. These things are literally more than enough.
But when we start acquiring further knowledge like how Bitcoin works, it is okay to do so though, but it still doesn't have much effect on our investments, but no knowledge is a waste.
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Learning should happen to the extent that it is needed. If it is just for investment, the type of knowledge that must be acquired will be different from the knowledge needed to develop on the blockchain. It will all depend on the needs of each individual.
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Learning never ends, we should continue in learning because we cant know it all, we may only go for the aspects that are of importance or priority to us, which is what most of us engage in doing, but despite all that, we still have to continue with learning because crypto is very wide, we need to be always informed about the developments and updates ongoing there in, so that we may not miss out on what would have be of interest to us.
A mindset of a businessman. Learning never stops, and I will not disagree on it. It's just that, there are some people like me who doesn't understand the technical aspect of Bitcoin that's why I would rather divert my focus and learn other things that are related not only with Bitcoin, but cryptocurrency in general rather than spending my time on to something that in the end, I will not learn.
I mean there are other things that we can still learn aside from the technical aspect of it. What's important is, we will not remain stagnant and we learn every single day. What's important is we learn from what we are watching and we are sharing it to other people. We know that cryptocurrency is a wide thing to learn, but I would suggest to learn just the things that will be important for you in the future.
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Learning should happen to the extent that it is needed. If it is just for investment, the type of knowledge that must be acquired will be different from the knowledge needed to develop on the blockchain. It will all depend on the needs of each individual.
I can agree with that.
Your targets should dictate what you need to learn.
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Learning should happen to the extent that it is needed. If it is just for investment, the type of knowledge that must be acquired will be different from the knowledge needed to develop on the blockchain. It will all depend on the needs of each individual.
But it's better to try to learn everything, but the priority is indeed learning about what you want to practice first. Investment and trading will certainly be the first thing and it will be a pretty basic thing to learn.
It is not limited to learning anything about crypto because everything will be very useful for supporting investments or everything related to crypto or Bitcoin.
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will you agree or do you think that an in depth understanding of the blockchain tech and market factors affect greatly how your investment will turn out to be?
Honestly you do not need all of that to start your journey in the crypto space but they are actually essentials that will be needed as you future explore the crypto space in the future but you only get to employ all of that if you intend to make some huge investments that requires you certain knowledge so you know how well to manage your funds making such investments as at the time you do. but on the peripheral, you may not need all of such bulk of knowledge to getting you started on your crypto journey.
You actual do not have to be a tech savvy or a Bitcoin tech pro to have an investment on bitcoin, technically you do not need all of that knowledge to start up an investment in Bitcoin but to maximize profits, you need to understand the market dynamics so as you get an advantage on what is applicable at every time and with every move the market makes.
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i believe that there are fundamentals of bitcoin that are easy to understand and fundamentals in which if you understand already you can get to investing but there are so many things to understand about bitcoin technical things and whatnot
i saw a post on the other forum about how you should just know that the market is volatile and know the good times to enter and exit and those information are enough for you to start your bitcoin journey you buy and you shut up as that one person said keep holding and do not complicate things
will you agree or do you think that an in depth understanding of the blockchain tech and market factors affect greatly how your investment will turn out to be?
Economically speaking, you actually needed to get an in-depth knowledge about Bitcoin investments before you start investing. You do not throw in capital into a business without any basic knowledge or experience as some people are insinuating.
Any business that involves investments with hard earned money requires some basic experience to start, and it is requires continuous learning process.
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You do not need to be a bitcoin tech savvy before you will know about bitcoin investment.
Yes, it's not needed to be a tech savvy in order to start investing in Bitcoin but at some stage when someone is fully into Bitcoin investment then it's good to get so much information about it. Because it becomes a responsibly to save your investment from frauds and hackers and for that purpose learning tech is very important.
At least we are always careful and prevent becoming victims of fraudsters and hackers, no need to be a technology expert but at least we understand the tricks that are usually used by fraudsters and hackers is enough.
Especially in projects that are currently hyped, there are usually many fraudsters there.
They promise something unreasonable by us making a claim on the link they provide, in the end we lose our assets, because they take the contents of our wallet.
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At least we are always careful and prevent becoming victims of fraudsters and hackers, no need to be a technology expert but at least we understand the tricks that are usually used by fraudsters and hackers is enough.
Especially in projects that are currently hyped, there are usually many fraudsters there.
They promise something unreasonable by us making a claim on the link they provide, in the end we lose our assets, because they take the contents of our wallet.
It is normal to feel some sort of caution when comes the moment of making a decision when something appears to be a good opportunity to grab. It shows those promising things which seems real but actually behind them you cannot find anything but only irresponsible people or intentions. In such cases we only require minimum precautions in order to decide whether it is meaningful in any way or has the capacity to harm. It is not always good to go for the attractive presentation in order to have better results. At other times, it is the organisation of the information and the fact that it is not convoluted and/or complex that makes it easy to verify its authenticity. Thus, self-restraint not to make impulsive decisions can be the most rational procedure to manage to avoid getting involved in something wrong.
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As mentioned earlier, it is not essential to learn about the fundamental structure and underpinning blockchain technology behind Bitcoin. By far the majority of people see Bitcoin (and other crypto) as a commodity to trade and make a profit from, they are not interested in anything else.
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As mentioned earlier, it is not essential to learn about the fundamental structure and underpinning blockchain technology behind Bitcoin. By far the majority of people see Bitcoin (and other crypto) as a commodity to trade and make a profit from, they are not interested in anything else.
What would change such a perspective? Only the mass adoption or the need to get into the details at least a bit to make things with BTC.. But that won't change for a long time, I believe.
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Even if there is mass adoption, do people need to learn about the functionality of Bitcoin if they are trading or saving? We all use a bank but we do not know about how the banking system really works behind the scenes. It is the same for crypto, most people do not know about how blockchains work or how to mine as they are only interested in whether they are making a profit or loss.
What would change such a perspective? Only the mass adoption or the need to get into the details at least a bit to make things with BTC.. But that won't change for a long time, I believe.
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i believe that there are fundamentals of bitcoin that are easy to understand and fundamentals in which if you understand already you can get to investing but there are so many things to understand about bitcoin technical things and whatnot
i saw a post on the other forum about how you should just know that the market is volatile and know the good times to enter and exit and those information are enough for you to start your bitcoin journey you buy and you shut up as that one person said keep holding and do not complicate things
will you agree or do you think that an in depth understanding of the blockchain tech and market factors affect greatly how your investment will turn out to be?
Well its a good idea to study other parts of bitcoin aside, trading and securing your seed phrase but those basics are the most important to start your bitcoin investment. You actually don't need to be well a tech guru to invest in bitcoin, besides bitcoin is not a complicated network to understand, so the person was actually on the right part. I don't see any reason why someone would find it difficult to understand how bitcoin operates when there are lots of resources out there that is easily explanatory. If anyone has interest in investing in bitcoin, they can actually get into the market anytime they wish to buy using the DCA strategy both in bear or bullish seasons, the goal is to accumulate for a long term.
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i believe that there are fundamentals of bitcoin that are easy to understand and fundamentals in which if you understand already you can get to investing but there are so many things to understand about bitcoin technical things and whatnot
i saw a post on the other forum about how you should just know that the market is volatile and know the good times to enter and exit and those information are enough for you to start your bitcoin journey you buy and you shut up as that one person said keep holding and do not complicate things
will you agree or do you think that an in depth understanding of the blockchain tech and market factors affect greatly how your investment will turn out to be?
Well its a good idea to study other parts of bitcoin aside, trading and securing your seed phrase but those basics are the most important to start your bitcoin investment. You actually don't need to be well a tech guru to invest in bitcoin, besides bitcoin is not a complicated network to understand, so the person was actually on the right part. I don't see any reason why someone would find it difficult to understand how bitcoin operates when there are lots of resources out there that is easily explanatory. If anyone has interest in investing in bitcoin, they can actually get into the market anytime they wish to buy using the DCA strategy both in bear or bullish seasons, the goal is to accumulate for a long term.
Learning Bitcoin before entering the investment is a necessity that must be owned by everyone. Because basically, knowledge about Bitcoin is very important, not necessarily a matter of technical matters or blockchain fundamentals as explained above. But at least there are some general knowledge that must be understood, including the risks and some things related to security.
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i believe that there are fundamentals of bitcoin that are easy to understand and fundamentals in which if you understand already you can get to investing but there are so many things to understand about bitcoin technical things and whatnot
i saw a post on the other forum about how you should just know that the market is volatile and know the good times to enter and exit and those information are enough for you to start your bitcoin journey you buy and you shut up as that one person said keep holding and do not complicate things
will you agree or do you think that an in depth understanding of the blockchain tech and market factors affect greatly how your investment will turn out to be?
Bitcoin is one of the largest cryptocurrencies. Investing in cryptocurrencies can be profitable if you know your way around, or here you can practice your knowledge about it from which it will be easy for you to monitor a currency. If you want to make money from crypto investment, you need to have sufficient knowledge about the market and be able to identify profitable opportunities. One way to do this is CRYPTO HUB CAPITAL . And if you do not have good knowledge about it then you should guide you step by step and take the help of a professional trader to do this so that you can understand it. Bitcoin is now at 80k which I think will be 140k to 150k all the time. And we need to keep it going.
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Learning Bitcoin before entering the investment is a necessity that must be owned by everyone. Because basically, knowledge about Bitcoin is very important, not necessarily a matter of technical matters or blockchain fundamentals as explained above. But at least there are some general knowledge that must be understood, including the risks and some things related to security.
Yeah, you're on point mate, having knowledge about the basics should be enough for one to start their accumulation journey, but after a while if they want to know more, then they can make their search and DYOR to learn, like u said earlier there are lot of materials that can be earlier understood from YouTube to article. But one thing I frown at is when, someone wishes to invest in bitcoin but has no knowledge and then seek someone else to help him do that for him. That is bridging the decentralized part of bitcoin. Bitcoin should be you only asset that you alone have access to, or just a few trusted persons, and aside that tge basics are not as difficult as most people says it is, there is nothing complicated in learning how to make transactions and securing your mnemonic seed.
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You don't need to learn about blockchain if you're not a developer.
You don't need to learn about BIPs if you're not a Bitcoin Core contribution.
You don't need to learn about buy/sell signals if you're not a trader.
You don't need to learn Lightning Network if you only make large payments.
You don't need to learn about mining if you don't have any miners.
The list goes on and on, but for most people, it is ehough if they simply learn how to send and receive bitcoin, and how not to get scammed or hacked, as opposed to all this stuff I mentioned.
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Absolutely correct. Without doubt most people that save, send and receive Bitcoin have no interest in the technical or functional side of Bitcoin. It is enough they can try to navigate the sending/receiving part as well as take precautions to avoid getting hacked.
The list goes on and on, but for most people, it is ehough if they simply learn how to send and receive bitcoin, and how not to get scammed or hacked, as opposed to all this stuff I mentioned.
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i saw a post on the other forum about how you should just know that the market is volatile and know the good times to enter and exit and those information are enough for you to start your bitcoin journey you buy and you shut up as that one person said keep holding and do not complicate things
will you agree or do you think that an in depth understanding of the blockchain tech and market factors affect greatly how your investment will turn out to be?
I definitely don't agree with this very rudimentary knowledge, it's not enough to help investors succeed in the market. We can easily find advice like this everywhere, but the truth is that most investors still lose money.
I'd like to add a few small tips so investors can implement a profitable investment strategy when participating in the crypto market and choosing BTC for their portfolio:
1. Always choose BTC and allocate at least 50% of your capital to BTC to ensure safety and profit throughout the cycle.
2. Use a simple and basic technical analysis tool, master it, and identify trend changes on the W timeframe, applying it to the entire 4-year cycle.
3. Prepare yourself for significant market volatility; don't let yourself succumb to FOMO.
4. Be a bit negative, as negativity is better than excessive optimism, because at least it helps investors protect capital and profits.
5. Have a stop-loss for each cycle, even with a long-term investment plan.
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i believe that there are fundamentals of bitcoin that are easy to understand and fundamentals in which if you understand already you can get to investing but there are so many things to understand about bitcoin technical things and whatnot
i saw a post on the other forum about how you should just know that the market is volatile and know the good times to enter and exit and those information are enough for you to start your bitcoin journey you buy and you shut up as that one person said keep holding and do not complicate things
will you agree or do you think that an in depth understanding of the blockchain tech and market factors affect greatly how your investment will turn out to be?
Well its a good idea to study other parts of bitcoin aside, trading and securing your seed phrase but those basics are the most important to start your bitcoin investment. You actually don't need to be well a tech guru to invest in bitcoin, besides bitcoin is not a complicated network to understand, so the person was actually on the right part. I don't see any reason why someone would find it difficult to understand how bitcoin operates when there are lots of resources out there that is easily explanatory. If anyone has interest in investing in bitcoin, they can actually get into the market anytime they wish to buy using the DCA strategy both in bear or bullish seasons, the goal is to accumulate for a long term.
Learning Bitcoin before entering the investment is a necessity that must be owned by everyone. Because basically, knowledge about Bitcoin is very important, not necessarily a matter of technical matters or blockchain fundamentals as explained above. But at least there are some general knowledge that must be understood, including the risks and some things related to security.
Your comment is also very prefer in this time. So i am also agree with your prefer comment. Learn about bitcoin is very essential for any cryptocurrency users. We obviously think basic elements in cryptocurrency market is very essential for bitcoin. Because if we can not understand in cryptocurrency market, like trading, investing etc then we can losses our profit. So i believe that we should trying to understand this things and observe carefully.
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i believe that there are fundamentals of bitcoin that are easy to understand and fundamentals in which if you understand already you can get to investing but there are so many things to understand about bitcoin technical things and whatnot
i saw a post on the other forum about how you should just know that the market is volatile and know the good times to enter and exit and those information are enough for you to start your bitcoin journey you buy and you shut up as that one person said keep holding and do not complicate things
will you agree or do you think that an in depth understanding of the blockchain tech and market factors affect greatly how your investment will turn out to be?
When you are a complete noob then here's what you should do.
1. Learn up the basics - Neither into its actual utility and other simialr aspects.
2. Next, Learn up the money earning opportunities and on the risks involves into it.
3. Learn about its volatility and unpredictability
At the time that you've seen yourself having those basic learnings above then its impossible that you arent that wary about into its risks and opportunities.
You wont be needing to be that learning the technical aspects not unless if you are a developer or what.
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It depends upon individual and his needs. If I want to receive payment in Bitcoin but don't know how to go about it then I'll find resources to learn about it and that's it, this fulfills what I wanted to learn and this is all extent I would go for.
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If you're a day trader the you need to understand crypto market in depth , you can secure your investment low risk factor. It's like you're not gambling but getting the market and investing what you like it's worth.
But if you're a investor just investing on bitcointalk , you don't need to get the market in depth. Just belive on bitcoin build it like your real life asset. You will surely be the winner. Choice is yours what you wants to made yourself
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There have been a huge number of posts in this thread. Many of them offer differing points of view but I think it is clear the OP has got the information he wanted therefore he should lock the thread.
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Even if there is mass adoption, do people need to learn about the functionality of Bitcoin if they are trading or saving? We all use a bank but we do not know about how the banking system really works behind the scenes. It is the same for crypto, most people do not know about how blockchains work or how to mine as they are only interested in whether they are making a profit or loss.
that is kind of what is wrong with having a bank because we are trusting a third party without knowing the limits of their control and access and we are just blindly giving away our money for them to keep until we want to take it again but with crypto since we are the ones fully responsible with our coins it will only make sense if we knew the functionality of bitcoin or at least the very basics of it
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Even if there is mass adoption, do people need to learn about the functionality of Bitcoin if they are trading or saving? We all use a bank but we do not know about how the banking system really works behind the scenes. It is the same for crypto, most people do not know about how blockchains work or how to mine as they are only interested in whether they are making a profit or loss.
that is kind of what is wrong with having a bank because we are trusting a third party without knowing the limits of their control and access and we are just blindly giving away our money for them to keep until we want to take it again but with crypto since we are the ones fully responsible with our coins it will only make sense if we knew the functionality of bitcoin or at least the very basics of it
When we give or deposit our money to the bank to keep until we need it, they don't just keep it, they use it for their business, the loan it out to businesses and individuals in need of loan at a rather high interest rate, they collect this interests, making huge profit on our money and in return give us nothing, most times, they even charge us for sms alert, Atm maintainance charge, account maintainance charge and other various charges that reduces the amount of money we initially deposited, banks are soft criminals, stealing with paper and pen.
This is one of the areas bitcoin has brought or given us liberty on, and I can't wait to see the moment when bitcoin becomes so popular and relevant in our societies that banks begin to lose complete relevance.
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Even if there is mass adoption, do people need to learn about the functionality of Bitcoin if they are trading or saving? We all use a bank but we do not know about how the banking system really works behind the scenes. It is the same for crypto, most people do not know about how blockchains work or how to mine as they are only interested in whether they are making a profit or loss.
that is kind of what is wrong with having a bank because we are trusting a third party without knowing the limits of their control and access and we are just blindly giving away our money for them to keep until we want to take it again but with crypto since we are the ones fully responsible with our coins it will only make sense if we knew the functionality of bitcoin or at least the very basics of it
This is not because we ourselves do not know, but it is because many of us require a solution that is already set out for use without hassle and formalities of handling the technology by ourselves. Crypto does allow for more flexibility to a large extent, but it does create space for much potential Delta, especially when our information is still relatively limited anyway. Not all people are willing and prepared to bear full risks for their assets. It is not entirely fair to call the old system negligence because to most of the people, stability and convenience are what they will consider most of the time. While in this respect there is a new potential provided by crypto, equating everyone’s experience in this regard may be misrepresentative, not to mention that such representation presupposes that there is only one rational way. There is no perfect system and every decision comes with certain level of risk and therefore its impossible to condemn a system on the basis of black spots.
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Learning Bitcoin before entering the investment is a necessity that must be owned by everyone. Because basically, knowledge about Bitcoin is very important, not necessarily a matter of technical matters or blockchain fundamentals as explained above. But at least there are some general knowledge that must be understood, including the risks and some things related to security.
Yeah, you're on point mate, having knowledge about the basics should be enough for one to start their accumulation journey, but after a while if they want to know more, then they can make their search and DYOR to learn, like u said earlier there are lot of materials that can be earlier understood from YouTube to article. But one thing I frown at is when, someone wishes to invest in bitcoin but has no knowledge and then seek someone else to help him do that for him. That is bridging the decentralized part of bitcoin. Bitcoin should be you only asset that you alone have access to, or just a few trusted persons, and aside that tge basics are not as difficult as most people says it is, there is nothing complicated in learning how to make transactions and securing your mnemonic seed.
Yupps, one of the keys is the basics first, if it starts with good preparation, then in the future it should be much smoother to develop our knowledge, including being brave and able to analyze and DYOR wisely enough.
This may not be easy, because often our process has many challenges, including our mood, metal, and mind conditions. That's why there are often up and down phases in developing yourself in crypto. especially if the crypto market is not doing well, sometimes it is also quite disturbing. but once again, if we are prepared beforehand, then at least we can emanate it all much wiser.
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A basic understanding of Bitcoin is enough for one to start up a Bitcoin investment journey. Bitcoin investment doesn't need a first degree before investing. It needs you to firstly understand the concept of it, that you buy low and sell at high price you feel like, store up your seed phrase in a safe place and never store your crypto assets on exchange.
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A basic understanding of Bitcoin is enough for one to start up a Bitcoin investment journey. Bitcoin investment doesn't need a first degree before investing. It needs you to firstly understand the concept of it, that you buy low and sell at high price you feel like, store up your seed phrase in a safe place and never store your crypto assets on exchange.
We are sometimes too much rigged that in order to make certain steps in this field, we should be technocrats or academics while all that one require is mind to realise how it is easy. This simply means that knowing the basics is enough especially if one pays keen attention on the steps made and not making quick decisions. This is the reason why it is obvious that starting ‘something’ many of the participants have the impression they need to become informed beforehand and, in fact, the thing most commonly forgotten is calm during changes in prices never mind the theory. Assets are not just secured, but also prepared, in case of changes recur in his or her line of action. It means what is trained is not only the proficiency of buying and selling but also the stability of mind upon random fluctuations of the market.
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A basic understanding of Bitcoin is enough for one to start up a Bitcoin investment journey. Bitcoin investment doesn't need a first degree before investing. It needs you to firstly understand the concept of it, that you buy low and sell at high price you feel like, store up your seed phrase in a safe place and never store your crypto assets on exchange.
I think just a basic will do, although if majority of us who did go to school might be familiar with bull run and bear market and then like Buy low sell high, we can easily adopt Bitcoin.
For my case though, I have investment on stocks and that's why it's like easy for me to learn what Bitcoin investment is. Although for those who don't have any idea, it's also very easy to learn and it's not going to be complicated if you will just be a long term HODLer.