Education is the key but knowledge is padlock

[bosede1]

Knowledge is power, we lost so many opportunities because of a lack of information and technical know-how. I know so many of us as being in a situation whereby we have been used because of a lack of knowledge one way or the other.

[The Cryptovator]

When you were a beginner, you made mistakes. But despite their experience, many people continue to act in the same way. And besides, as an online user, you should never disclose your login information. It makes no difference how close they are. That should be applicable to anything you have been using on the internet, not only Bitcoin. Just purchase a hardware wallet for Bitcoin to protect your assets. You should be able to purchase a hardware wallet, in my opinion. Knowledge and education are not the same thing. What you have just acquired is knowledge. Education is the way you become literate.

[lionheart78]

I really wants to share this story, 2017 was the first time I heard of cryptocurrency. The person who introduced me to it completed Sappho my knowledge over education. He wants me to learn about bitcoin but at same time he wants to use me to accomplished his purpose. At first he told me to get wallet is $200 which I gave to create a wallet address, this money is not part of my investment you get, and when he finally show me my wallet, he said he's the bitcoin wallet moderator so he will be incharge of the password and keys as a novice I had no choice than to followed up gradually.

Now I invest $2000 dollars for a start and anytime I open it my money was increasing because those was booming season for BTC but after few days I will discovered that my money is not same amount but rather it has reduced than, this keep occurring at same time, I was receiving hash transactions to God knows where.

One day I was led to open google and verify what's all about bitcoin and altcoin, that's I begins to realized password and keys are personal stuffs no matter who opens the account for you, I loss a $1100 to my friend wallet who happened to have been fooling me all this while. He eventually ran away from my range when I discovered what he was doing.

Well, this happens to people who trust their friends very much and are lazy to learn the curve of Bitcoin's technical and economic aspects.  Your friend could have trimmed your profit when the price surged but got busted when the price of BTC plummeted.  That is what I observed on how your friend manages your investment.  Since Bitcoin is surging when you invested, your friend probably thinks that he won't be caught stealing a little amount from your investment occasionally but when the price crash, the obvious has been exposed, you are still lucky because you did not lose everything others will just run with the money.

May your experience serve as a lesson to every who are very trusting to their friends.  When it comes to money, a good friend may turn evil and we have the same cases of friend cheating and stealing money after they were trusted.

Lesson: No matter who taught you in schools research is the best knowledge. Education is me telling you something but knowledge is you observing by yourself.

In addition, the major lesson here is to not trust our friends 100%.  We should have a reservation and always verify things especially when it comes to financial thing.

[hugeblack]

I am sorry for your loss, but before you invest in anything, you must search on your own, and this does not only include searching on Google, but rather an attempt to find out the defects from independent parties, and thus ensure that you will not be defrauded as your friend did.
Also, all investments are personal behavior, and when you trust someone with your investment, it is often an organized entity.

[mv1986]

When you were a beginner, you made mistakes. But despite their experience, many people continue to act in the same way. And besides, as an online user, you should never disclose your login information. It makes no difference how close they are. That should be applicable to anything you have been using on the internet, not only Bitcoin. Just purchase a hardware wallet for Bitcoin to protect your assets. You should be able to purchase a hardware wallet, in my opinion. Knowledge and education are not the same thing. What you have just acquired is knowledge. Education is the way you become literate.

I guess this is the quote that summarizes your post at least partially: "Insanity Is Doing the Same Thing Over and Over Again and Expecting Different Results"

I just learned that it is not proven that Albert Einstein said that. I always thought it was him. Anyway...

Education is the way you gather information and theory and turn them into accessible and applicable data in your head. Everything you can recall and use is what I would describe as knowledge.

This is why it is indeed a problem when you are an educated nerd for example in accounting and you know all the rules, but you can't apply any of them in real life set ups practically. You know what to do, but you don't know how to do it. But this is still a bit tricky though.

What if you know a recipe, a very complex one, for some food. You can't do it yourself but you know a cook who has no idea about the recipe. When you exactly explain him the recipe and the cook executes it, I guess that would just be education. The cook knows how to execute it because he can conclude from other recipes and knows for how long the specific ingredients must be cooked. So he has knowledge?

I guess an engineer is a better example because there it is more likely that someone knows what to do, but not how to do it. If a car is broken and perhaps I know what the problem is and I studied engineering, I know that part X within part Y needs to be substituted. Just knowing this probably doesn't get you anywhere if it is in the middle of the engine block. Then you probably are only educated.

Not so easy to come up with a sharp differentiation on my own.

[wxa7115]

I really wants to share this story, 2017 was the first time I heard of cryptocurrency. The person who introduced me to it completed Sappho my knowledge over education. He wants me to learn about bitcoin but at same time he wants to use me to accomplished his purpose. At first he told me to get wallet is $200 which I gave to create a wallet address, this money is not part of my investment you get, and when he finally show me my wallet, he said he's the bitcoin wallet moderator so he will be incharge of the password and keys as a novice I had no choice than to followed up gradually.

Now I invest $2000 dollars for a start and anytime I open it my money was increasing because those was booming season for BTC but after few days I will discovered that my money is not same amount but rather it has reduced than, this keep occurring at same time, I was receiving hash transactions to God knows where.

One day I was led to open google and verify what's all about bitcoin and altcoin, that's I begins to realized password and keys are personal stuffs no matter who opens the account for you, I loss a $1100 to my friend wallet who happened to have been fooling me all this while. He eventually ran away from my range when I discovered what he was doing.

Lesson: No matter who taught you in schools research is the best knowledge. Education is me telling you something but knowledge is you observing by yourself.

You were too naive, I understand that when newbies are exposed to bitcoin for the first time they are overwhelmed by all kind of new information and they require of some help to deal with all of this.

But you should never let anyone other than you to have control of your funds, it could be said that bitcoin and this market in general was born out of this ideal, and if you betray this ideal then sooner or later you will lose your money.

[CryptSafe]

I was reading this story at the same time laughing. Ignorance indeed is a cancerous disease. If OP had not taken his time to do research he would have been still be following his friend sheepishly while his friend was comfortably stealing his investment at his convenience. This made me remember my early team age when I first got to hear about visa atm card. My friend introduced me to it then and I had no knowledge how it works he told me I would pay some money to get it then as I was not an account holder that he would hold the card for me. Me not knowing how the system works agreed to it and gave him some money to get the card for me and he held the card with him and I was giving him money to save in the card for me not knowing that he was using it as a conduit to scam me. It got to a point when I started asking him questions about my money and the card. It became obvious that I decided to find out more about the card and to my greatest surprise only account holders can have such card which he has been eating my money so when I met with him I asked him for the card and he did not hesitate to give me when I looked at the card based on what I was told, the card was not having any name inscribed on it so I asked him about the account related to the account there he knew I had found out about it and I now know what he was doing. After that day I did not see him again till today. That was a very a costly mistake I made back then but I was relieved after I discovered that and it are me to always ask questions and sis my research before going further with anything.

[Kakmakr]

I am very sorry to hear that a friend was willing to misinform you and not just that, but also to steal from you. I had friends that wanted to introduce me to Ponzi Schemes that were linked to Bitcoin and I denied.... I fired up Google and I started to research into those schemes and I realized that they were Ponzi schemes, so I warned them.

They did not listen to me ...and eventually lost all their money and now they blame Bitcoin and they hate it. We should not listen to friends for financial advice, but should rather do our own research. 

[Nheer]

You can no longer refer to him as your friend because people who are friends do not scam one another and anyone who is capable of defrauding a friend in the same way that he did to you is unworthy to be called a friend. Due to the recent spike in cryptocurrency scams, it is always advisable and safer to gain a foundational understanding before ever considering getting a wallet or investing in cryptocurrency. People are easily tempted by money, and I have personally witnessed blood brothers deceive one another over money. For this reason, crypto experts constantly caution people against giving out their private keys and other sensitive information to strangers.
This is bad but I believe it will serve as a lesson to you and other newcomers not to trust easily in the crypto world.

[Farma]

it hurts when people you trust to deceive and use you for their interests. however, don't trust anyone when it comes to money. moreover giving access to the investment place that you have. Since I've known crypto, people have always advocated keeping your private keys as good as possible and not telling anyone other than the people you really trust. however, it doesn't apply when you don't have a good reason to give it access to your wallet.
So far, I also have several friends who use crypto, but among us, none of us know each other's private keys. it's like a bank account if in the real world. give access to another person, then he is free to use it.
however, it has already happened. all you can do is learn from it. not everyone can be trusted, even when he teaches you something useful. but we must respect it. besides that, we also need to do our own research about what we do, especially when it comes to money.

[maydna]

Knowledge is a resource we must master and we can get knowledge from reading a lot of data or information from trusted sources. And if you want to invest in any field, you should be able to get more knowledge so you understand how to invest properly. In your case, your friend has betrayed the trust you have placed in him and he is not a good friend.

That is a valuable lesson for you because by experiencing it, you can now find out how to secure your personal wallet, even from those closest to you. But the good news is that you can still start investing in bitcoin if you still have money and I'm sure investing in bitcoin this time will be better than before because you can manage it yourself. Make your previous mistakes as a spirit to achieve your dreams.