to what extent should one learn about bitcoin

[Blaze]

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.

It is normal to feel some sort of caution when comes the moment of making a decision when something appears to be a good opportunity to grab. It shows those promising things which seems real but actually behind them you cannot find anything but only irresponsible people or intentions. In such cases we only require minimum precautions in order to decide whether it is meaningful in any way or has the capacity to harm. It is not always good to go for the attractive presentation in order to have better results. At other times, it is the organisation of the information and the fact that it is not convoluted and/or complex that makes it easy to verify its authenticity. Thus, self-restraint not to make impulsive decisions can be the most rational procedure to manage to avoid getting involved in something wrong.

[JollyGood]

As mentioned earlier, it is not essential to learn about the fundamental structure and underpinning blockchain technology behind Bitcoin. By far the majority of people see Bitcoin (and other crypto) as a commodity to trade and make a profit from, they are not interested in anything else.

[tequilla_sunset]

As mentioned earlier, it is not essential to learn about the fundamental structure and underpinning blockchain technology behind Bitcoin. By far the majority of people see Bitcoin (and other crypto) as a commodity to trade and make a profit from, they are not interested in anything else.

What would change such a perspective? Only the mass adoption or the need to get into the details at least a bit to make things with BTC.. But that won't change for a long time, I believe.

[JollyGood]

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.

What would change such a perspective? Only the mass adoption or the need to get into the details at least a bit to make things with BTC.. But that won't change for a long time, I believe.

[Makus]

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?

Well its a good idea to study other parts of bitcoin aside, trading and securing your seed phrase but those basics are the most important to start your bitcoin investment.  You actually  don't  need to be well a tech guru to invest in bitcoin, besides bitcoin is not a complicated network to understand, so the person was actually on the right part. I don't  see any reason why someone would find it difficult  to understand how bitcoin operates when there are lots of resources out there that is easily explanatory. If anyone has interest  in investing in bitcoin, they can actually  get into the market anytime  they wish to buy using the DCA strategy both in bear or bullish seasons, the goal is to accumulate for a long term.

[vegasus]

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?

Well its a good idea to study other parts of bitcoin aside, trading and securing your seed phrase but those basics are the most important to start your bitcoin investment.  You actually  don't  need to be well a tech guru to invest in bitcoin, besides bitcoin is not a complicated network to understand, so the person was actually on the right part. I don't  see any reason why someone would find it difficult  to understand how bitcoin operates when there are lots of resources out there that is easily explanatory. If anyone has interest  in investing in bitcoin, they can actually  get into the market anytime  they wish to buy using the DCA strategy both in bear or bullish seasons, the goal is to accumulate for a long term.

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.

[DavetJack]

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?

Bitcoin is one of the largest cryptocurrencies. Investing in cryptocurrencies can be profitable if you know your way around, or here you can practice your knowledge about it from which it will be easy for you to monitor a currency. If you want to make money from crypto investment, you need to have sufficient knowledge about the market and be able to identify profitable opportunities. One way to do this is CRYPTO HUB CAPITAL . And if you do not have good knowledge about it then you should guide you step by step and take the help of a professional trader to do this so that you can understand it. Bitcoin is now at 80k which I think will be 140k to 150k all the time. And we need to keep it going.

[Makus]

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.

[NotATether]

You don't need to learn about blockchain if you're not a developer.

You don't need to learn about BIPs if you're not a Bitcoin Core contribution.

You don't need to learn about buy/sell signals if you're not a trader.

You don't need to learn Lightning Network if you only make large payments.

You don't need to learn about mining if you don't have any miners.

The list goes on and on, but for most people, it is ehough if they simply learn how to send and receive bitcoin, and how not to get scammed or hacked, as opposed to all this stuff I mentioned.

[JollyGood]

Absolutely correct. Without doubt most people that save, send and receive Bitcoin have no interest in the technical or functional side of Bitcoin. It is enough they can try to navigate the sending/receiving part as well as take precautions to avoid getting hacked.

The list goes on and on, but for most people, it is ehough if they simply learn how to send and receive bitcoin, and how not to get scammed or hacked, as opposed to all this stuff I mentioned.

[MrSpasybo]

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?

I definitely don't agree with this very rudimentary knowledge, it's not enough to help investors succeed in the market. We can easily find advice like this everywhere, but the truth is that most investors still lose money.

I'd like to add a few small tips so investors can implement a profitable investment strategy when participating in the crypto market and choosing BTC for their portfolio:

1. Always choose BTC and allocate at least 50% of your capital to BTC to ensure safety and profit throughout the cycle.

2. Use a simple and basic technical analysis tool, master it, and identify trend changes on the W timeframe, applying it to the entire 4-year cycle.

3. Prepare yourself for significant market volatility; don't let yourself succumb to FOMO.

4. Be a bit negative, as negativity is better than excessive optimism, because at least it helps investors protect capital and profits.

5. Have a stop-loss for each cycle, even with a long-term investment plan.

[Azharul]

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?

Well its a good idea to study other parts of bitcoin aside, trading and securing your seed phrase but those basics are the most important to start your bitcoin investment.  You actually  don't  need to be well a tech guru to invest in bitcoin, besides bitcoin is not a complicated network to understand, so the person was actually on the right part. I don't  see any reason why someone would find it difficult  to understand how bitcoin operates when there are lots of resources out there that is easily explanatory. If anyone has interest  in investing in bitcoin, they can actually  get into the market anytime  they wish to buy using the DCA strategy both in bear or bullish seasons, the goal is to accumulate for a long term.

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.

Your comment is also very prefer in this time. So  i am also agree with your prefer comment. Learn about bitcoin is very essential for any cryptocurrency users. We obviously think basic elements in cryptocurrency market is very essential for bitcoin. Because if we can not understand in cryptocurrency market, like trading, investing etc then we can losses our profit. So i believe that we should trying to understand this things and observe carefully.

[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?

When you are a complete noob then here's what you should do.

1. Learn up the basics - Neither into its actual utility and other simialr aspects.
2. Next, Learn up the money earning opportunities and on the risks involves into it.
3. Learn about its volatility and unpredictability

At the time that you've seen yourself having those basic learnings above then its impossible that you arent that wary about into its risks and opportunities.
You wont be needing to be that learning the technical aspects not unless if you are a developer or what.

[libert19]

It depends upon individual and his needs. If I want to receive payment in Bitcoin but don't know how to go about it then I'll find resources to learn about it and that's it, this fulfills what I wanted to learn and this is all extent I would go for.

[JISAN]

If you're a day trader the you need to understand crypto market in depth , you can secure your investment low risk factor. It's like you're not gambling but getting the market and  investing what you like it's worth.

But if you're a investor just investing on bitcointalk , you don't need to get the market in depth. Just belive on bitcoin build it like your real life asset. You will surely be the winner. Choice is yours what you wants to made yourself