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Author Topic: You don't need to learn everything about Bitcoin  (Read 208 times)
Dr.Bitcoin_Strange
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April 03, 2023, 09:48:45 PM
 #21

Snip

I agree with you OP, just like the member above stated, some of those thread are just for merit phishing. But there is a necessity for learning them all as well. It's always said that no knowledge is a waste. If a person has the time to learn, then they should learn according to their capabilities. Learning more about Bitcoin gives the person an essential knowledge that they can also educate other people about. Almost every day there are new members registered in this forum; some also require knowledge, and perhaps someone who has learned a lot about Bitcoin could give them answers to their questions.

Believe it or not, it is just as important to learn and know more about Bitcoin when one has the time to.

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April 03, 2023, 10:51:12 PM
 #22

One of the most common advises in this section, generally posted by other newbies, is that you need to "learn bitcoin" to "succeed". I think it's counterproductive.
As a newbie, it is not possible to know everything about Bitcoin from the beginning, but knowing some information about Bitcoin, Bitcoin usage will help. When a newbie learns a little bit about Bitcoin and researches Bitcoin, he will later learn a huge amount about the science.
You need to learn only two things - how to use Bitcoin and how to not lose it.
@OP, The two things you mentioned are enough for a bitcoin user. If a user knows how to use bitcoins and how to avoid losing bitcoins. There are a lot of details you need to know about trading when it comes to recovering Bitcoin losses. A newbie entering trading with little knowledge of trading will definitely face losses instead of profits. So in this case, if he does not know other things about Bitcoin, he must know about trading.

There's two ways to make money with Bitcoin - buying and waiting for the price to rise, or doing some Bitcoin-related work.

Although there are many ways to earn bitcoins, trading and holding are generally the most important. Holdings mainly depend on when you enter the market. If you invest in Bitcoin during a high market, you have to wait until the next high market. But in buying you must invest in the market in dumping situation.
Above all, one of the problems that a newbie faces in trading is excessive greed and heavy losses in trading. So if a newbie is going to trade, he has to control his greed and trade.



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Litzki1990
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April 04, 2023, 05:04:43 AM
 #23

There is no end to education. As long as man lives on earth, he continues to learn from the earth. Education in books is not only education but you will constantly learn something from the work you will do in real experience. Bitcoin is no exception.

Education about Bitcoin is extremely important.  And I think there is no end to learning about Bitcoin. If you want to become an investor or earn profit by investing in Bitcoin then you must know about this. Because if you invest without knowing the investment information then you can lose your money. First of all learn how to protect your money. Once you know how to protect your money, then you need to know how to use that money to make a profit. Basically every step of Bitcoin requires people to learn.

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isaac_clarke22
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April 04, 2023, 07:22:27 AM
 #24

~
This is just like my disciplines in programming. You don't really need to learn everything and all those technical stuffs. From the past years of my career in software dev, I've been hearing new terminologies and frameworks in my field that I don't even know. It is still a plus to learn it, but you don't really need to learn it unless the company requires you to do so.

In Bitcoin, I haven't learned the techy stuff since I usually just hold it anyway while taking precaution on how I keep it safe and secured. Don't mind about gatekeepers.
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