to what extent should one learn about bitcoin

[milewilda]

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.

[God Of Thunder]

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.

[Hatchy]

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.

[dave_strider]

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).

[SmartGold01]

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.

[tequilla_sunset]

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.

[Bobcrypto]

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.

[omori]

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.

[Mr. Magkaisa]

       -       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.

[snowpega]

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.

[tequilla_sunset]

       -       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.

[Fivestar4everMVP]

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.

[robelneo]

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.

[Faisal2202]

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.

[kulkhan]

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.