I have observed that some people thinks that every cryptocurrency is Bitcoin

[Ever-young]

That's why the termed DYOR was coined. And we need to do more to sensitize these individuals also..

True, but then again, experience they say is the best teacher, and I strongly believe this phrase is directly concerned with cryptocurrency, sometimes it's best to let some folks make their mistakes and then learn from them because some persons are so stubborn and no matter how hard you try to warn them or educate them about the possible dangers entailed in the decisions they plan to make, they'd still decide on pushing through with their decision, at this point, the best thing is to let them make their own mistakes and experience the pain of losses, because at some point in every investors' journey, he/she must have made certain mistakes and learned the hard way, which could also have its own advantages too.

That's right and that is why it's advisable to always have the basic knowledge and understanding about crypto, nothing on to invest or trade but a knowing the type of coin we would want to invest into.

Also you are right about some people learning the hard way in order for them to really understand and know of they can go forward or not because some people don't really know what they really want in life and when you try to help in one way or the other, they refused. So instead of disturbing ourselves to convince them, let's allow them to face the implication.

[Odohu]

True, but then again, experience they say is the best teacher, and I strongly believe this phrase is directly concerned with cryptocurrency, sometimes it's best to let some folks make their mistakes and then learn from them because some persons are so stubborn and no matter how hard you try to warn them or educate them about the possible dangers entailed in the decisions they plan to make, they'd still decide on pushing through with their decision, at this point, the best thing is to let them make their own mistakes and experience the pain of losses, because at some point in every investors' journey, he/she must have made certain mistakes and learned the hard way, which could also have its own advantages too.

That's right and that is why it's advisable to always have the basic knowledge and understanding about crypto, nothing on to invest or trade but a knowing the type of coin we would want to invest into.

The emphasis is on basic knowledge which include what cryptocurrency is and the different types, knowing how and where to buy, knowing about wallet and the basic security, and any other minor knowledge needed to make it easy and without mistakes. Many people confuse basic knowledge with advanced knowledge of cryptocurrency. All that is needed to start investing in cryptocurrency is the basic knowledge, the other advanced knowledge can be acquired while already building the cryptocurrency portfolio. Least I forget, the basic knowledge will be able to make the investor know the difference between Bitcoin and the other cryptocurrency and never to mistake the two of them.

[MainIbem]

How exactly wey we fit take do that kind of sensitization? Them say who no go no see, and who know no, know no. No be person dey tell old person to comot for sun and if pikin put hand for fire and e burn am, the pikin no go put hand again. Na ignorance they worry many people and dem no even dey ready to learn and go through the process but dem just dey interested on how much you have been making in the investment and you go see dem talking about how much profit dey with make if dem invest in you. That's is why dem say failure na bastard as e no get papa and mama and no followership.

I totally understand what you mean but you should know that not every ignorant people are like that, some people only need someone that's knowledgeable to put them through for them to understand better, so when you come across those that are ignorant and claim they know it all, the best thing is to avoid them after you've tried severally to teach them and they refuse to learn. I bet such people would either run back to you or probably learn from their mistakes when they finally figure out they're on the wrong track. Constant sensitization should be ongoing for the wide spread of knowledge about Cryptocurrency in our country, a lot of people are far from being knowledgeable about it and could easily be scammed by bad actors online, their victims could be anyone, your mother, brother, sister or other close relatives. Also if most of our politicians at the senate level were sensitised about it then they won't be against the growth of Cryptocurrency by placing bans and forcing CBN to track bank accounts of Cyptro holders cause they'll be aware that Cryptocurrency has a role to play in building our economy.

[Tungbulu]

True, but then again, experience they say is the best teacher, and I strongly believe this phrase is directly concerned with cryptocurrency, sometimes it's best to let some folks make their mistakes and then learn from them because some persons are so stubborn and no matter how hard you try to warn them or educate them about the possible dangers entailed in the decisions they plan to make, they'd still decide on pushing through with their decision, at this point, the best thing is to let them make their own mistakes and experience the pain of losses, because at some point in every investors' journey, he/she must have made certain mistakes and learned the hard way, which could also have its own advantages too.

That's right and that is why it's advisable to always have the basic knowledge and understanding about crypto, nothing on to invest or trade but a knowing the type of coin we would want to invest into.

The emphasis is onbasic knowledge which include what cryptocurrency is and the different types, knowing how and where to buy, knowing about wallet and the basic security, and any other minor knowledge needed to make it easy and without mistakes. Many people confuse basic knowledge with advanced knowledge of cryptocurrency. All that is needed to start investing in cryptocurrency is the basic knowledge, the other advanced knowledge can be acquired while already building the cryptocurrency portfolio. Least I forget, the basic knowledge will be able to make the investor know the difference between Bitcoin and the other cryptocurrency and never to mistake the two of them.

Rightly said.
The most important and primary objective of a crypto enthusiast  hoping to start an investment would be to the acquisition of cryptocurrency basic knowledge and as you've rightly stated, there'll be opportunities to acquire advanced knowledge as they advance further.

But then again, when/if an enthusiast moves further to acquire advanced knowledge of Crypto before deciding to venture or begin building his portfolio, he then gets an edge and added advantage over the investor who begins with just a basic knowledge, he then has the advantage of avoiding some minor mistakes that newbies ordinarily falls into in the course of learning.

I'm not saying they won't bump into mistakes or that those mistakes are bad, no, most of these mistakes often create the best learning environment for the newbies and whatever experience or knowledge they receive from such mistakes would carry them through their bitcoin journey.

But there are some mistakes that, while newbies learn from them and use those experiences in the future, those mistakes could cause them major setbacks that'll take them time to be able to recover from the impact, and some don't even recover at all, but by first acquiring both basic and advanced knowledge of bitcoin and cryptocurrency at large, some of these mistakes could be avoided.