Research and Experience, There’s No Other Way!

[int03h]

Research and learning is the best way to make sure what we own is correct. Traders are always trying to explain value based on the chart pattern, but what makes a cryptocurrency so valuable is the technology within it and what it does. Take a look at the top 20 cryptocurrencies. They are interchanged every year, but the technology it offers is amazing and useful. If we are wise enough, we can choose the most potential cryptocurrencies that have long-term value in the future.

[AicecreaME]

To acquire knowledge and skills about bitcoin, researching, studying, and experiencing would really teach you on how to trade, gamble, hold, sell, and perform various tasks.

One must be determined to learn and master bitcoin. You can’t learn everything all at once. It would take some time to understand the basics, fundamentals, and especially the complex parts of cryptocurrency world. It’s like having to study for a subject or a degree. You need to devote your time researching for the things you want to know more about because learning is a continuous process.  The speed of grasping all the ideas and concepts varies from one person to another, since we don’t have the same ability and capabilities to digest information. But definitely, perseverance is needed.

Aside from research, experience is your best friend for you to fully have the grip of how cryptocurrency works. Like what they said, “experience is the best teacher”. The learnings you gained from researching must be applied in real life. You have to experience it first-hand. Execute all the lessons, strategies, and techniques you’ve read from an article, website, or books. That way, you’ll know what would be the outcome if you do a certain thing. It’s a trial and error. A process.

I think it’s also important for you to have a mentor that would teach you and guide you along the way. Experience may be the best teacher, but having a mentor that can lead you, tell you the do’s and don’ts, and prevent you from making big mistakes will be a big help for you as well.

[Yatsan]

To basically learn about the things you must know about Bitcoin, there is certainly a need to do a thorough and deep research to further educate yourself and to satisfy the inquiries you have in mind. Indeed there is no certain way to learn Bitcoin by doing the shortcut method but still it is a big help most specially for those people who are just wanting to have a clip of information to better understand what Bitcoin is really all about. The catch of knowing even the simplest version of learning about Bitcoin is already a big step to persuade certain individuals to get along on wanting to learn more about Bitcoin more deeply.

Research and experience are the essential things that will do educate you in this industry for not all researches might be applicable to you for you can do also learn something about Bitcoin itself based on the experience you have got in your journey discovering more about what Bitcoin is really about. Learning is a continuous process that we people is undergoing in our lives and researching and experience would be a great weapon to survive the entire journey of getting into Bitcoin most specially that technology is continuously evolving and that is where the whole cryptocurrency relies so learning won't stop for you will learn something more about.

[lumeire]

If you are able to find a good mentor then the learning curve might get shorter and you can learn quickly all the things required to be a successful investor. But if someone isn't willing to teach you then it can take a lot of time to understand the things and also you will do mistakes many times that can even make you loose money in the short term but if you look at the bigger picture then you can become very successful. Also, you should always remain up to date with the events happening in the world or else you won't make much than just some spare change.

[Jet Cash]

I'm not sure that I agree.There is a basic level of knowledge required, but one does not have to have an in depth technical knowledge. Obviously one needs to know about wallet security, and have an overview of the blockchain and transactions and fees. After all. everybody uses the fiat system, but how many people understand the role and ownership of central banks, or fractional reserve banking, let alone SDRs and the various derivatives in use at the moment.

[Rengga Jati]

I remember how I first got to know and learn Bitcoin.
I know this from someone who is arguably successful in this field (in my opinion). At that time I gained information regarding Bitcoin, supply, and other information on a basic basis. This includes how to get, buy, sell, treat it. Then introduced trading and investing. And furthermore, I tried to learn more on my own while being active in this Bitcointalk forum. So from this forum, I often read both from posts in threads and replies from members. Lots of information that I can get through this forum, it's easier than when I read through articles.

Learning Bitcoin and other cryptos must start from simple things first so that we don't feel confused, especially for those who are true beginners. And beginners, don't just focus on what we can get, however big we can get, but also focus on how to get it. whether as bounty hunters, investors, or traders, all have their own way.

I used to think that Bitcoin and the crypto world could make me rich faster. But as I studied the crypto world and kept up with it, my thinking was "totally wrong".
Don't just think about getting rich from crypto, because if we don't get rich quickly because of crypto, then we will easily give up.
And you are right, more research and experiences will mkae us better to know about the crypto world and the mechanism

[verita1]

Totally agree! When it comes to getting involved with bitcoin and cryptocurrencies, people should take the best path. A basic and safe knowledge.

Fortunately there is good reference information from this forum as the top of the exchange platforms that we know. This was my beginning in Bitcoin and cryptocurrencies, I am a self-taught person. I also do not believe in easy money, for which I have not fallen into some type of scam that we often see in our crypto space.

[tippytoes]

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.

Also, even compiling from source codes you can do that even if you have no prior experience because there are a lot of tutorials that you can find here in the forum. And those actually are of big help to newbies in crypto. Maybe it would take years to grasp all the knowledge that you need but you can already learn a lot in a short period of time which you basically need to move forward with your goals in crypto.

[CryptopreneurBrainboss]

Most individuals doing quite well in the space today were all self taught just trying to make you understand it isn't that hard to get the concept of what this new buzzing technology is all about. No doubt encouraging noobs to research before driving right in is necessary but they shouldn't spend all their time doing that before investing instead, get the concept of what bitcoin is about, invest and better your knowledge as you embark on the journey.

Experience comes with you actually participating so if you're not into the system (that's invested) then I don't see where you'll be getting the experience from. Sure you can read others story but it won't be anything like yours.

[cryptoaddictchie]

Maybe it would take years to grasp all the knowledge that you need but you can already learn a lot in a short period of time which you basically need to move forward with your goals in crypto.

Thats correct. Some here are quite genius when it comes to bitcoin technology. I can say most in the CM signature participants were knowledgeable on this matter. I always saw them on bitcoin development and technical discussion surely they proficient enough to explain all details when it comes to bitcoin. Like users, HCP, pooyah, o_e_l_e_o, TryNinja and many more.

[Shimmiry]

Some of the things you will learn today may no longer apply tomorrow, so continuous study must be part of your daily routine.

I guess you are inclined with technogy. Maybe you are a programmer. I hear it mostly on people that are mostly in touched with computer works.
It's lesser than some though, I believe.

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.

I agree. Most of us now are really into bitcoin because we are earning because of it. Bitcoin will have more paths to take.
And we are part of the destiny where bitcoin will go. So it's better for us to not forget why bitcoin is created.

[iyamoxjhian]

Doing bitcoin requires more time, learning skills, open mind and patience. Oh another things is if you love what you do, you enjoy it..and if you enjoy what you do, you will surely succeed!

[Haunebu]

This is the problem, isn't it? Most people view cryptocurrencies as complicated payment methods and don't bother investing in them since FIAT and other payment methods require less effort to understand and are more convenient to use even though they are centralized.

Majority of the crypto investors don't really know much about the tech behind crypto etc because their main goal is to treat crypto as speculative assets and nothing more.

A simplified easy to learn system needs to be developed which shouldn't require a ton of research so that people start viewing BTC and other popular crypto as easy to use decentralized payment methods.

[Shasha80]

I am very happy with the honesty described in the opening post, that there is no shortcut to understanding Bitcoin.
Have to learn all things related to Bitcoin. If you learn all about Bitcoin, I make sure you have no qualms about investing
in Bitcoin. If you believe in Bitcoin's potential, then you are will quickly understand how to make profit from Bitcoin.

[SomeJasonGuy]

No better way to go than doing your own research. And yes, experience matters too. it gives you a sense of what sounds fake or scammy and you tend to stay away from those projects.

[maydna]

Doing bitcoin requires more time, learning skills, open mind and patience. Oh another things is if you love what you do, you enjoy it..and if you enjoy what you do, you will surely succeed!

Patience will be important in learning about cryptocurrency because we might get some bad experience in the journey. If we don't have a patient, we will not improve our skills and knowledge, and even we can't learn new things related to cryptocurrency. There will be times that we need to master or improve our skills, and we can't expect to have those skills in just one night.

If we can learn in many ways without stopping, I am sure that we will have high trading skills or another thing that can help us make money and reach our goals. It is okay if we could only make a little profit because someday we will make a big profit.

[bitbunnny]

If you are able to find a good mentor then the learning curve might get shorter and you can learn quickly all the things required to be a successful investor. But if someone isn't willing to teach you then it can take a lot of time to understand the things and also you will do mistakes many times that can even make you loose money in the short term but if you look at the bigger picture then you can become very successful. Also, you should always remain up to date with the events happening in the world or else you won't make much than just some spare change.

Advice and experience from other people definitely might help and give you direction but I don't think that any mentor can actually teach you how to trade. For that you need your own experience and you need to learn on your own mistakes as well as good decision. Without hands on in trading you can't say that you know how to trade, no matter the all learned theory. So, combination of both is something that can make a successful trader out of you.

[Latviand]

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

It depends on your willingness to seek more information and learn more about bitcoin.

Doing research is laborious but you need to do it if you want to grow as an investor.

Mastering bitcoin is not that easy, even if you spend a lot of time and you make a lot of transactions, it is still risky as an asset. We are not prepared in some changes in its price but we can observe it in the market. That's the reason why experience and comprehension is important in the investments. Don't rush things and take time to understand the complexity of a cryptocurrency.

[buwaytress]

I'm not sure that I agree.There is a basic level of knowledge required, but one does not have to have an in depth technical knowledge. Obviously one needs to know about wallet security, and have an overview of the blockchain and transactions and fees. After all. everybody uses the fiat system, but how many people understand the role and ownership of central banks, or fractional reserve banking, let alone SDRs and the various derivatives in use at the moment.

 You don't need an understanding of the specific role of money authorities, or even the Bitcoin network, to use it, for sure... butI'd say it's one of the shortcomings of using Bitcoin, really, that people do need a bit more knowledge than basic level to safely use Bitcoin.

Right now, any given Bitcoin user is probably not using Bitcoin as it should be, and therefore, are putting themselves at a risk they don't quite understand yet. All those Coinbase wallet users, or even exchange wallet users, for example. They're okay until the exchange gets hacked or goes bust. We're getting there, but we have to accept that research and experience are the necessary tools to protect yourself when using Bitcoin.

[panganib999]

I agree that there is no really a shortcut to be done to better understand Bitcoin but if you can let other people understand Bitcoin by gaining their interest first with some sort of short information about it, surely they would get curious to get to know more and get into deep information leading to better understanding what Bitcoin really is. There are certain technicalities and complexities on learning Bitcoin but that would be on the deeper level already. It is enough to create shortcut for them to easily understand Bitcoin and to have first impression and gaining of interest before going deep into the core of information.

Research and experience are really great teachers for a technology based like Bitcoin that is continuously improving, learning will never stop.

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

It depends on your willingness to seek more information and learn more about bitcoin.

Doing research is laborious but you need to do it if you want to grow as an invest

This is certainly right. It might take years for those who are not eager to learn Bitcoin but since there is already an availability of resources of informations on the internet and even in the forum, it would just take quite sometime to do researching just to have a better understanding about it.