to what extent should one learn about bitcoin

[JollyGood]

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.

[bitterguy28]

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 

[Fivestar4everMVP]

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.

[enwi]

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.

[vegasus]

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.

[JoyMarsha]

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.

[Blaze]

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.

[Kemarit]

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.