Bitcoin Forum

It might be stupid to ask a question like this, but I can think that it's a fact that happens to most people here.

I sometimes laugh when reflecting on fill my brain on bitcoin which has taught me a lot about economics, investing, currency trading and many other things. I analyze, do research, predict and talk about economics which was never really my subject in school or college. My experience and that of others have taught me many things, my interest in reading has increased and my curiosity about the situation and development of the world economy has made me gain knowledge and these are some of the things that make me think that, there are many people here also seem to be the same because in fact they are is an economist without a degree.

Have you ever noticed it and thought about it just before you went to sleep?

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Let me know if this thread isn't worth it on this board, I'll move it if it's appropriate.

Actually it has been taught on schools, as maybe minor subjects. Even during junior years, and college Im sure subject related to economy has somehow introduced even only little part.

But Ive get what you mean, there are literally no background on economics or even far from what he studied now at least can relate how the global economy being affected and influence countries.

Actually not really sure though. Maybe on economics thread.

That's right, the percentage is very small and probably just basic. For universities, there are special economics majors that each student can choose, it will make them understand more about the problems that exist. But in the forums, we may have different educational backgrounds but some of them are smart enough and deserve to be called economists without a degree and bitcoin has taught us about that especially if we like interacting with them real experts.

A formal economics education (and a degree) definitely helps a lot but you don't necessarily need a degree to have a somewhat decent understanding of economics and to have a decent, non-trashy, and well-thought of opinion.

Maybe not an economist but a risk taker - speculator that's what perfectly call to us investors which doesn't have a degree. We are just enjoying what we are doing and we tend to love a discussion towards certain things happening on crypto space. Although we have different perspective about this opinion so I think everyone is right depends on what they call on certain group of people.

I find this more financial education than economics. Imho economics means also (or primarily?) legislation on the matter, which we don't know that good.


As said it was probably not bitcoin alone. You have read a lot of things too in the past, now you simply got to crystalize and link many things you knew with new things from here.


Imho calling me "economist without degree" is almost an insult (lol), since (most) economists (with degree) don't have the knowledge and imagination to understand bitcoin!  ;D :D

This reminds me of how the Financial Planning Standards Board (FPSB) recently vouched for fin-fluencers to actually be qualified in order to be able to provide financial advice (not as if the FPSB is a non-interested party in crediting financial certificates to postulants). The so called fin-fluencers likely consider themselves crypto-economists without a degree …


see: https://www.fpsb.org/news/financial-planning-standards-board-recommends-enhanced-oversight-of-crypto-assets-and-fin-fluencers-to-protect-investors/

certainly that such knowledge gives certain advantages, but if you don't have enough courage to leave all other current jobs and dedicate yourself only to economics, then you can't call yourself an economist.
for example, you can watch on Youtube various videos of someone renovating or building a house, you will probably learn many things (even some wrong) but that won't make you an architect, right?

It isn't about becoming an economist per se, but it's certainly become a gateway to dig deep into personal finance and investing in general to avoid making bad financial decision.

Researching and studying the markets are just by-products of the field we are getting into to maximize whatever opportunities that comes into place. And I bet being an economist isn't limited to just speculating certain assets -- it's definitely more than that.

I can feel you. I urged myself to read more news about world economy when I've boarded and became a bitcoin investor. I think that's part of being an investor and we want to know more if we're on the right track and what are the news and events that will affect our investment.

And they're likely the anti-bitcoin. They are like the ones that's giving these "feasible" economics lesson as to why people shouldn't invest in bitcoin and should rely on traditional investments.

Yes, I am. Maybe others won't agree but I know what I learnt especially after getting into the bitcointalk not just about blockchain the lot more about economics, politics and especially the fiat money system. Knowledge is important more than a degree so just increase your skills because the future era is coming up where we maybe evaluated based on the knowledge not just with those useless certificates.

I remembered my high school days distinctly, I was thought economics and most of the things about bitcoin related to economics were taught us. The law of demand and supply is one of what we were taught. Anyone that did not go to school and learn this basic aspect may likely still have believe in what bitcoin is if taught though, like how it has limited supply and how the price will increase as people are buying it, but all included in the basic economics. That aside, if an agric product is plenty in the market, the price of the product will be cheap, but a period will come when the product will not be in its season the it becomes scarce, leading to increase in price of the product. This is what people should know and a means to learn how bitcoin is valuable.

But it is not necessary to leave a profession for another, we have some people who have 2-3 degrees in different fields and they killed it anytime they activate any of them. You can be a Medical doctor and still be an economist, you can be an evangelist and still be an economist, you can be a philanthropist and still be an economist, you can also be a musician, a fashionista and still be an economist. Although, anyone can be professional in all but there is one they always dedicate time to and like the most.

It sucks that we are surprised of how much knowledge we earn off an Internet forum for the money for the Internet when all this education should have been part of everyone's general knowledge.  But I get why only the very, very basics are taught in schools.  If everyone knew how our financial system works, they would have been against it.  So better keep everyone stupid and make them believe your lies instead.

I have personally gathered a lot of information pre Bitcoin about economics but I think some of these things I currently know come from experience as well.  Learning all this stuff takes time, although we are all different and some of us accumulate information easier than others do.

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Regards,
PrivacyG

Financial education is a subject rather than economics, but since the word economics is so common it covers many other subjects including investing and so on and it all boils down to economics.

I believe that since this bitcoin exists that many people have started to oppose the centralized financial system, but in reality we still can't go without adopting it in our daily life because this world is a prison. Regardless of what we want about the financial system and so on, then I believe we are part of a centralized system.

If you think that Bitcoiners are good at economics, you are deeply mistaken. Most Bitcoiners are just repeating libertarian cliches - fiat currency is bad, regulations are bad, FED is very bad, taxes are bad, laissez-faire capitalism is good, hard money is good. They dismiss the fact that libertarian view on economics is not shared by mainstream economists, it's considered an archaic and flawed theory that was tested largely discarded.

Although there will still be some aspects to economics that only those who actually have a degree may know, the internet has made it possible for everyone to learn and know the basics. Formerly knowledge was not accessible to everyone, so there was a limit to what you could know, situations are not the same at the moment, with a simple search option, limitless knowledge is now available to anyone who seeks them. This is why there can be individuals who have good knowledge about a field, just as OP describes without any form of certification.

Talking about economics in particular, it has been a difficult economic situation for many. To be able to survive this season, everyone has had to pick up some form of economic skill and learn practically to become economist. This is the current reality of things.

the beauty in knowledge is not in the specified area of interest but on the desirability of the person involved to acquire it, this goes along with a set mind and determination, we have accounts of people who were school dropout and not academically sound but doing valiently in businesses, i think this is an ability of individual to decern for the difference between ignorance and knowledge which is profitable.

the certificate is just a piece of paper and the title given is just an additional name. Actually the most decisive is how we can learn well and understand what is being learned. Bitcointalk is a repository of all kinds of knowledge. knowledge that is really needed in the future. I learned a lot from bitcointalk, so I can be ahead of those with a doctorate or something.

One don't need to study economics in the university to be economist, life is about planning to make good management,  so one needs to think and reason like an economist . Every income that comes into the pocket one would always think of how to use it to solve some financial burdens. We all practice economics in our everyday life, we work to generate money, make plans to save some money.

I am just realising this now. I am an economist  ;D
In Bitcoin we have learn about investing what you are able to lose. This is a rule in investing in assets.
I have learnt about DCA, which is also in economics.
How about demand and supply law which plays out everyday.
As pointed out by Act, fixed supply of bitcoin.
Wide knowledge of graphs and charts and lots.
Bitcoin has brought new dimensions in finance and bitcoiners are high financial intelligent.

I can attest to that and directly for the forum. Many people have learnt many things concerning management through cryptocurrency trading and cryptocurrency investment both long and short term. Ordinarily we do management in our previous families and environment. It does not mean that before you became good economist you most be a degree holder, many of us learnt good management from organization and home we can from, so going to university or high college is just a satisfaction of government requirements concerning managerial function and activities

Boy I wish rhat were the case, that most people here invest the time and effort into educating themselves on economics in general, but I don't think that's the case. In general most crypto investors just don't do the sam ethings you do and just invest blindly. I wish we could get more people to educate themselvs before doing any investing.

If you mean a professional economist, it should require a special study in the university. We cannot deny that it needs evidence to prove that someone is truly a professional economist. It is proof that he/she already got a special education in the economic sector. It is different from a self-taught economist like us, we probably only have a little knowledge about economics subjects. And a true economist's ability isn't tested yet on us. So, a study is needed, don't deny it, mate!!

There are many things we can learn from bitcoin, that's the main point. You don't have to be an economist to buy, trade and invest in bitcoin and you're also free to discuss anything about it as long as it's constructive and not misleading. Educational background will only set us apart in a theoretical presentation on an issue, but I believe bitcoin is for anyone regardless of their educational background.

I wouldn't say I'm an expert even if I understand a few things, but I'm sure I'm one of the majority of people who think that knowledge can be acquired even without a degree. But most importantly, we don't have to be economists to own bitcoin regardless of the purpose. We are not economists because the majority of us are market participants for this decentralized currency system economy.

Not exactly true. Sure, you learn some price analysis, some things about inflation and money printing, but that isn't the only topics of economics. There's also the theories on buying and selling, markets, supply & demand and other stuff that you'd find in a standard economics textbook but not on crypto news sites and Bitcointalk (and for the record, I am a "pretender" economist for the most part - I don't have an economics degree).

I think you mustn't confuse an economist and a trader. Trading is not a science, not even a soft one, it sounds more a gamble game actually where best traders are supposed to manage to evaluate in the best way the risk/reward ratio of current positions of the market. They present Technical Analysis as a science but up to now I've never encountered a table with the statistics of each pattern for the BTC market. Some gurus were saying the 200 wMA has the best risk-reward ratio for long orders, with almost 0 risk but the so called unbreakable support zone, has been destroyed today.

So it is true that we have different standards of knowledge about how we understand and discuss economics. I agree with some of the opinions of what you said in my thread, so even though we are not or never deserve to be economists without a degree, we have been taught a lot by bitcoin. But personally I would also never self-proclaimed economist without a degree because I haven't gotten to that level yet.

Lol, we might be faking it. -  :D

It's not a stupid question. I'm sure many of us here never had a degree in Economics or even studied it at high school but here we are today, trading and plotting charts and all that. I think economics itself is part of man's life, whether as a field of learning or as reality (like what we have here). If a major part of man's struggle on earth revolves round putting food on the table, then it's economics at work. Part of the reason Bitcoin was birthed was to make that economics easier and to a greater extent we can say that Satoshi aim is being met.

Well, if not on this board the other should be Economics Board.

I don't expect that, we just do what we have to do and that's according to our ability and understanding of a topic of discussion. It really doesn't make sense for someone to comment on something they don't understand very well because it's actually conscious spam. Even though quite a lot of people are doing this practice, most of their posts will be reported and deleted due to poor quality.

We need to talk about what we understand even if we are not experts. We study, read and try to explain well even though our educational backgrounds are different. So let's keep it simple.

I agree, this thread is probably good on the economics board.

Maybe this is very normal and natural to happen to some people who are open-minded. Everyone's mindset is different. There are times when the person just wants to earn money and focus on achieving it regardless of how developments are developing and various news and updates related to the economy and finance. On the other hand, there are those of us who, like you, have learned over time from experience as well as from various sources related to this knowledge. why? This is why I say because I am open-minded to something new, so it doesn't matter if we have an economic base or not. As long as we are curious and want to find out, we can learn a lot and develop our knowledge.

Does when we think about the economy, its progress, problems, and maybe some solutions make us an economist? Especially if it's only in our own environment or only for ourselves?
Well, I am not sure whether I am an economist or not in this case, but certainly, no matter what, our lives will not be separated from theory and practice like economic problems.
However, afaik, as what I read here:
source: https://www.investopedia.com/terms/e/economist.asp
So, I may not be an economist  :D
But, not being an economist doesn't mean we don't think about various things related to economic activities, we certainly do that every day, but in different ways, methods, thoughts, considerations, and benchmarks.

Bitcoin has forced me to become a lay economist. The first thing is that, I get challenged every day mentally to think rationally. I am getting better at working with data in the crypto space. This data is useful to make critical decisions when decisions need to be made. The other thing I have noticed is that my level of curiosity has increased for bitcoin. I often get lost reading information related to the market.