Research and Experience, There’s No Other Way!

[roadrunnerjaiv2025]

I read a post the other day asking for tips on how to learn bitcoin without going through the technical stuff (so they can start making profit sooner) and another one looking for a quick way to teach old people how bitcoin works. Here’s what I learned after months of observation and heavy reading on cryptocurrency inside and outside this forum.

There are NO SHORTCUTS to understanding bitcoin. You’ll find crash courses and simplified versions of the technical aspects of bitcoin but those are just to help make complex information more digestible WHEN YOU GO OVER IT AGAIN, not to help you skip certain parts. Yes, you’ll eventually realize that it’s best to re-read the stuff you refused to read the first time (when you thought it’s too much for you). With so many risks involved in cryptocurrency, you would want to know as much information about what you’re getting yourself into as you can. So, taking a shortcut is out of the question.

Think of cryptocurrency as a branch of science, because it’s as big as one. It’s not like a Netflix series that you can binge-watch in one go. Rather, it’s like the entire entertainment industry. Like a college course that takes many years to finish, it will take years of research and experience to master bitcoin. Also, research doesn’t stop as cryptocurrency is constantly evolving. Some of the things you will learn today may no longer apply tomorrow, so continuous study must be part of your daily routine.

Regarding profit, there certainly are various ways to grow wealth through bitcoin. You can invest, trade, gamble, perform tasks, write content, and many more, at least in this platform. But let’s not forget that the primary purpose of bitcoin introduction and adoption is to decentralize the financial system. More than just another income generator, it’s a campaign with a goal. Let’s find a way to contribute to that campaign. I also have a mentor btw so connecting with people who share your interest is also important.

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[cryptoaddictchie]

it will take years of research and experience to master bitcoin.

Maybe or maybe not. Some here have mastered the basic knowledge everything about bitcoin, how it works, mechanism, and its used to different application. Learning bitcoin technology speed is depend on the user capability to grasp all there is to learn. Some here can understand, and execute anything coding on bitcoin easily especially those who have knowledge with related field.

Im not totally techie guy, but somehow I understand and know how it works, and manage to execute some task like keeping my security when using off bitcoin wallets including altcoins too.

[pooya87]

for tips on how to learn bitcoin (so they can start making profit sooner)

that means these people have no idea what bitcoin is and as a result they will be very disappointed and will lose a lot of money too because they think bitcoin is made to give them profit and that is the only thing they seek. these people don't look to "learn" anything about bitcoin either technical or otherwise they just want the profit and want it quick.

You can invest, trade, gamble, perform tasks, write content, and many more, at least in this platform.

apart from trading none of these could be categorized as a way to make profit though. gambling is a way to "spend" money and the rest are ways to have an income since you get paid for the work you do.

[Gotumoot]

There is no such thing as short cut when it comes to knowledge and I certainly agree with OP.
It is all about research and experience not just in Bitcoin but also in other things as well we need to dedicate time and effort in order to be good in what we want.
Experience and knowledge are the best thing that we could have in order to be successful.

[GreatArkansas]

(.....)
Im not totally techie guy, but somehow I understand and know how it works, and manage to execute some task like keeping my security when using off bitcoin wallets including altcoins too.

Majority of the people that are planning to use Bitcoin or just heard about Bitcoin is afraid of this kind of situation.
It's kinda sad because they are afraid to try something new, or try to learn new things. Especially nowadays, technology are evolving.
Transactions can be made online, especially in finance or any involvement of money.
That's why Bitcoin is here. Then learning how to use Bitcoin is really a gem.

[davis196]

Are you talking about learning the basics of Bitcoin or you are talking about learning cryptocurrency trading?
The basics of Bitcoin can be learned in one day.Is it so difficult to create and use a Bitcoin wallet?
Is it necessary for a total newbie to know all the tech stuff about hashrate,mining,nodes,how the blockchain works,etc. from day one?I don't think so.Anyone can learn how to send and receive BTC in minutes.
Crypto trading is a completely different topic and every trader has to learn thru practice for years.

[larus]

Crypto is very risky industry and here you need even more researches and experience

[bitsurfer2014]

@OP, might as well add perseverance and enthusiasm as needed traits in understanding Bitcoin because its very technical for most people and at the same time, learning it would become somewhat boring that is why we needed also those two traits if we ought to understand BTC much better. Imho.

[Lorence.xD]

@OP, might as well add perseverance and enthusiasm as needed traits in understanding Bitcoin because its very technical for most people and at the same time, learning it would become somewhat boring that is why we needed also those two traits if we ought to understand BTC much better. Imho.

I think that it should be a given trait for anyone who is aspiring to learn/understand bitcoin. OP in my opinion got all the bases covered, regarding absorbing knowledge and stuff. The other stuff will be entirely dependent in the person.

[john_nautica]

I agree with all of you. Basics can be easily understood but to have knowledge would mean deep understanding. And we may be all enthusiasts for a long time but learning from all our experiences will never end as experience is different from time to time. With that being said, if you really want it, you must be determined in learning.

[Insanerman]

I read a post the other day asking for tips on how to learn bitcoin without going through the technical stuff (so they can start making profit sooner) and another one looking for a quick way to teach old people how bitcoin works. Here’s what I learned after months of observation and heavy reading on cryptocurrency inside and outside this forum.

I think this fits right in the Beginners and Help board as it contains mostly on what a beginner's mindset should be.


With regards to the topic, I think even anyone already know that the fundamentals of learning is simply by research and experience. So what's the point or purpose of making this thread afterall? There are a lot of threads that contain the same idea and there's no point making another one. Have you browsed the whole Beginners and Help board?

But then again, some people are already capable of learning not by research and experience, but rather reading on it alone. Yes, there are talented people that are born with great aptitude. And research doesn't mean to be a lot of activities done, a simple book or a simple article could even explain everything about Bitcoin.

[Eugenar]

Before learning or studying something, one should have a goal. If he's into investing into it, then he should read articles about Bitcoin investments. What I am trying to point out is that, if a person is really in a rush then he should have specificity of what he wants to do. There's no need to know about other cryptos and other complex terminologies if he is just into Bitcoin investment. Then if he would be seeking for more, that would be the time to look around this industry. There is indeed no shortcut on learning something but a more efficient way which would still yield you to your goal is acceptable.

[thesmallgod]

The reason why people always ask an individual to do their own research is that no one want to be blamed for the mistakes you made. Anyone who is not ready to learn and relearn should not bother to invest in bitcoin. crypto is evolving and you can hardly predict what will happen to bitcoin in the next few hours not to talk of days, months, and years to come. Trading crypto involve patients, perseverance and being meticulous

[ChiBitCTy]

This is all pretty good advice.  As an investment advisor by trade I'm always very leery of any sort of "financial product", especially some "magic internet money".  Although I certainly don't advise it for the non-coder/ super technical type, I bought Andreas' Mastering Bitcoin book and read others such as digital gold before I ever purchased bitcoin.  I spent a lot of time reading and watching educational videos ( many by Andreas ), and only then did I understand bitcoin.  This isn't an overnight kind of thing if you're looking to "invest".  Which bitcoin is way more than that.

[molsewid]

Experience and researching are the best way that you shouldn't use a shortcut or else you'll miss some knowledge that is needed for us to earn in the bitcoin world. Nowadays,  the one who skipped the knowledge and want a shortcut way always take a big risk and didn't know what they've entered an investment scheme. Many people in our country once they hear a profiting investment they'll always join and didn't think twice.

[kryptqnick]

I read a post the other day asking for tips on how to learn bitcoin without going through the technical stuff (so they can start making profit sooner) and another one looking for a quick way to teach old people how bitcoin works. Here’s what I learned after months of observation and heavy reading on cryptocurrency inside and outside this forum.

There are NO SHORTCUTS to understanding bitcoin. You’ll find crash courses and simplified versions of the technical aspects of bitcoin but those are just to help make complex information more digestible WHEN YOU GO OVER IT AGAIN, not to help you skip certain parts. Yes, you’ll eventually realize that it’s best to re-read the stuff you refused to read the first time (when you thought it’s too much for you). With so many risks involved in cryptocurrency, you would want to know as much information about what you’re getting yourself into as you can. So, taking a shortcut is out of the question.

Think of cryptocurrency as a branch of science, because it’s as big as one. It’s not like a Netflix series that you can binge-watch in one go. Rather, it’s like the entire entertainment industry. Like a college course that takes many years to finish, it will take years of research and experience to master bitcoin. Also, research doesn’t stop as cryptocurrency is constantly evolving. Some of the things you will learn today may no longer apply tomorrow, so continuous study must be part of your daily routine.

Regarding profit, there certainly are various ways to grow wealth through bitcoin. You can invest, trade, gamble, perform tasks, write content, and many more, at least in this platform. But let’s not forget that the primary purpose of bitcoin introduction and adoption is to decentralize the financial system. More than just another income generator, it’s a campaign with a goal. Let’s find a way to contribute to that campaign. I also have a mentor btw so connecting with people who share your interest is also important.

People can use the microwave oven successfully without understanding how it really works. Same goes for Bitcoin. One doesn't need to know much about it to start using it. The only really important thing to learn is all about what's needed to ensure bitcoins are safe. And how to use a wallet, of course. But other things won't be needed. At the same time, this is enough to use Bitcoin, not to profit from it. But I don't understand what you mean by profiting. One can earn BTC for doing some job that requires skills which don't have much to do with Bitcoin. Or one can try trading, but this, if even possible on a regular basis, requires knowledge about trading rather than about how blockchain works. If one wants to earn money from writing about cryptocurrencies, crypto projects or by actually being a blockchain developer, then of course the experience and deep understanding is important.

[carter34]

Experience and knowledge are the best thing that we could have in order to be successful.

In all spheres , I believe that being successful knowledge is key because it is  about information you have to apply and with time on it, experience is gained. This is what the newbies are facing in bitcoin today. They are more confused, reading on the forum help.

[dothebeats]

You don’t have to learn every single detail about bitcoin in order to keep yourself safe from hacks and other things that might result to you losing your coins.

I personally have quite a programming background since I use it on my work, but it’s far from the algorithms laid out on bitcoin so I don’t see that skill as an advantage, but it helps. I never learned the intricacies of trading and chart-reading, but I made quite a profit in bitcoin over the years of my stay here.

The thing is, one doesn’t need to overload their minds on information. They just have to use it wisely and just pick up the things that they think they will be needing and just expand the learnings later when the need arises.

IMO you don’t have to be a genius in order to create and receive a transaction, and make a profit. You just have to learn the basics THEN you can expand from there. The points in the OP is good, and should be noted by newbies who are seeking for immediate gratification on their efforts in using bitcoin.

[suvo05]

You don’t have to learn every single detail about bitcoin in order to keep yourself safe from hacks and other things that might result to you losing your coins.

I personally have quite a programming background since I use it on my work, but it’s far from the algorithms laid out on bitcoin so I don’t see that skill as an advantage, but it helps. I never learned the intricacies of trading and chart-reading, but I made quite a profit in bitcoin over the years of my stay here.

The thing is, one doesn’t need to overload their minds on information. They just have to use it wisely and just pick up the things that they think they will be needing and just expand the learnings later when the need arises.

IMO you don’t have to be a genius in order to create and receive a transaction, and make a profit. You just have to learn the basics THEN you can expand from there. The points in the OP is good, and should be noted by newbies who are seeking for immediate gratification on their efforts in using bitcoin.

Agree, Its not necessery to be a genius to make profit out of BTC, even the dumb like me  who only know to HODL BTC, can makes profits effortlessly out of it.

[Becky666]

Absolutely. There's no other way to approach life itself than research and experiences, so this is not only applicable to Bitcoin. All stated  points on OP are true because Bitcoin is a new technology that needs more information to understand and those with the understanding must exercise their experience to get things done right. Learning new things everyday can only help us gain experience in order to manage our problems.

For anyone to succeed in cryptocurrency industry s/he must imbibe the spirit of research and experience, hence futility in play. Profits can only flow into the hands that had the needed research and experience, so, learn everyday to have the experience.