to what extent should one learn about bitcoin

[bitterguy28]

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?

[Charles-Tim]

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.

[snowpega]

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.

[Mia Chloe]

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.

[ABCbits]

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.

[Mr. Magkaisa]

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.

[TomPluz]

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.

[vegasus]

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.

[Crwth]

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.

[tequilla_sunset]

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.

[gunhell16]

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.

[yhiaali3]

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.

[0t3p0t]

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!

[Rruchi man]

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.

[SamReomo]

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.