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?

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.

[Alone055]

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.

[Themepen]

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.

[LogitechMouse]

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.

[JollyGood]

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.

[Aanuoluwatofunmi]

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.

[densus88]

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.

[Tribalchief]

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.

[r_victory]

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.

[LogitechMouse]

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.

[dave_strider]

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.

[taufik123]

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.

[zigabel]

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.

[Bobcrypto]

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.

[doc]

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.