to what extent should one learn about bitcoin

[taufik123]

-snip-
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.

[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.

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.

[Bobcrypto]

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. 

[God Of Thunder]

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.

[enwi]

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.

[omori]

-snip-
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.

[Faisal2202]

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.

[bhadz]

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.

[Faisal2202]

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.

[JollyGood]

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?

[Vx1]

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.

[JoyMarsha]

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

[rizqillah]

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.

[Zed0X]

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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.

[joniboini]

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.