Practice: The Best Way to Learn

[Pressurizedem]

' Practice makes perfect ' this is a very popular saying and that is how people can gain experience and improve on what they know. Knowledge can be a waste if what is gained cannot be practicable to add value to the person, it becomes a light that is covered, which can not shine. Newbies that join the forum and have been here for a while should practice by going through the process of buying and holding Bitcoin. It's not necessary to know all the whole technicalities about Bitcoin network before holding it, mining and trading are secondary aspects that requires specialized skills.

You are very correct mate,going by the saying, practice makes perfect,it is always very good to practice so that in less than no time,one can actually perfect what he has been practicing.
As a person just starting,I think I need to start making some practice about holding coins,which I seriously want to,but we know one cannot just wakeup to do it without having a mentor who constantly shows you how to hold,if you just start trying to do it on your own,I think you will lose your money in less than no time.Therfore, having a mentor is the first thing in learning.

[Sticky Bomb]

Being part of this forum is a great opportunity to gather knowledge on Bitcoin and crypto-related matters. However, knowledge that isn't applied is worthless. Practice is the bridge between knowledge and skill, as the saying goes: "Practice makes perfect." To grow in any field, you must first practice and master what you've studied.

For beginners and newbies in the forum, I advise you to try holding Bitcoin. By doing so, you'll open yourself up to more learning opportunities. All the knowledge you've gathered so far is only theoretical until you start applying it. Then, you'll discover what works for you, whether it's dollar-cost averaging, buying large at lows, or other strategies. You'll become more cautious about protecting your wallet and assets, and you'll find ways to improve.

Yes, you can never claim to having learned anything until you practice it. Practical involvement solidifies your knowledge of a particular subject.

I remember when I was very confused about the meaning of RBF and CPFP, and couldn't understand it until I was able to practice RBF using electric wallet and it gave me an insight into understanding CPFP and even how the fees are calculated and how to set the acceptable transaction fee at the moment. It was fun, although my funds had to hang for days without confirmation, but good thing I learned.

It's always rewarding being practical and you can't validate the fact that you're learning about Bitcoin until you hold some at least, then you're being serious with your learning.

[Tom Ronald]

Yes, no doubt about practice makes perfect. If you know something but you don't practice, your will not improve yourself. That will make you difficult to understand the process and you will not get the benefit behind on that. You must practice to see how good your knowledge and if you think you need to learn more, you must do that because that will help you to improve your skill and knowledge.

No need to afraid if you make a wrong thing because that will help you to research deeper and correct the mistake. That will give you additional knowledge so you will not make the same mistake in the future. Learning from your mistake will make you realize that you still need learn more about Bitcoin or other things so you will see your skill improve to be better..

Yes indeed pratice make perfection and as a saying goes “experience is the best teacher”. I’m really amazed when i see newbies especially new traders take their leave after making some mistakes. They tend to forget that losses are part of the game, it comes with the trade. You can make profits without losing in the beginning.

[Su-asa]

They have said before now thah practice makes perfection which means reading books can not make anyone to become perfect. However reading books is a theory meanwhile practicing makes perfect, even in school teacher/lecturers also do practical for the students. A crypto (Bitcoin) newbie that leaning about Bitcoin investment and not doing any practice through begining investment can not learn faster because he will still be backward. Those that are making practicals have already experienced the ups and downs of the market and have already known when to buy and when to see but those that only read theory from social media or always keep their eyes on the market haven't experienced anything from the market.

[IceLincoln]

...

As I read through this, the first thing that comes to my mind is how this topic relates to trading. I have seen many people who are interested in trading focusing their time on acquiring knowledge which is very good but they neglect the practice side of learning. All the knowledge in the world is useless if you fail to practice because there is also some things and knowledge to gain from practicing.
I feel many people who are learning are afraid of practicing, and that has been their limitation. Courage is required to practice.

Yeah, practice is even more important in trading. That’s why, there’s always a provision for demo trading, for you to practice your skills and strategies consistently before executing on the main(live) trading platform.

The demo allows you to be bold( in risk taking) , do all trial and errors to perfect all ur skills and strategy, when you’ve mastered it you can then go into live.
Acquiring knowledge is only profitable when put to good use.

[hd49728]

Yeah, practice is even more important in trading. That’s why, there’s always a provision for demo trading, for you to practice your skills and strategies consistently before executing on the main(live) trading platform.

The demo allows you to be bold( in risk taking) , do all trial and errors to perfect all ur skills and strategy, when you’ve mastered it you can then go into live.
Acquiring knowledge is only profitable when put to good use.

Learn to have knowledge, and trade with demo account for experience, are good but not enough.

It's not enough practically because demo trading and actual trading are very different. The first one is with demo account, no money as your input and you have no pressure, stress to get profit or defend your capital. The second one is with actual money from your pocket and there is big pressure of loss, defend your trading capital. Consequently, a trader can perform very differently and oppositely with demo trading and actual trading by psychological and emotional effects.

[Zanab247]

Always put what you have learned into use , for instance starting your bitcoin investment as you go for the knowledge with that you be able to grow two things your knowledge and your bitcoin investment.

when you put your knowledge into action, it will make people to believe that you have learned from senior members in this forum, don't be ashame to learn from those that are ahead of you because people are not equal in this forum in the area of crypto knowledge. You can see the different from legendary, hero, full member, members and newbies because the longer you stay in this forum, it will expose you to so many sections were you will be reading and studying some current and past posts that will impact you.

Having the knowledge will make your bitcoin investment to go smoother (E.g knowing how to secure your token ) and knowing about the best strategy to use when buying ( like dca) .

It may look like you have wasted a lot of time learning BTC investment, but once you achieve the knowledge, it will make you to improve in that BTC investment because you will begin to display what other investors are displaying in the market.

[JunaidAzizi]

All you said was too good, the advice you provided and the precautions you mentioned are very impressive, and at this point, I find it quite impressive. Here, I mainly advise newbies to do some research before getting involved in anything. Research and understanding things can be a boring phenomenon, but it's very important to grasp all these concepts and protect oneself from loss. However, users just read it and then leave for another page. These things will never be kept in your mind until you practice them. Remember, a little knowledge is a dangerous thing, you will only bring losses and nothing more. I suggested your post to beginners to look at it and practice before getting into Bitcoin.

[odunybiz]

Most time I always advise people (newbies) to take actions towards what they read or hear on the bitcoin space, it's not just about reading but it's also about making actions towards what you have read.

Knowledge is important but experience is more important.

Reading without taking into action is like you haven't read or know about it at all. How will you talk to people about what you only read and never take to action. This is seriously a good advice and will seriously help everyone especially newbie if they can follow this advice as it will seriously help them in making it through the forum.

[AYOBA]

Being part of this forum is a great opportunity to gather knowledge on Bitcoin and crypto-related matters. However, knowledge that isn't applied is worthless. Practice is the bridge between knowledge and skill, as the saying goes: "Practice makes perfect." To grow in any field, you must first practice and master what you've studied.

Honestly, practice is the best way to learn, and learning is the best key to success. That’s why I always wondered about those who wanted to become successful people in their lives and why they didn’t learn about what could change their lives; and anyone who wants to grow in the field of cryptocurrency has to gather much knowledge before they can proceed.

For beginners and newbies in the forum, I advise you to try holding Bitcoin. By doing so, you'll open yourself up to more learning opportunities. All the knowledge you've gathered so far is only theoretical until you start applying it. Then, you'll discover what works for you, whether it's dollar-cost averaging, buying large at lows, or other strategies. You'll become more cautious about protecting your wallet and assets, and you'll find ways to improve.

Holding a Bitcoin is a very good idea for each and everyone, not only the beginners alone. The only advice that a newbie deserves is that they should make sure they’ve learned and gained much knowledge about how the Bitcoin hold works and also know how to secure their wallet so that they won’t have any issues in the future.

[Ziskinberg]

Yeah, practice is even more important in trading. That’s why, there’s always a provision for demo trading, for you to practice your skills and strategies consistently before executing on the main(live) trading platform.

The demo allows you to be bold( in risk taking) , do all trial and errors to perfect all ur skills and strategy, when you’ve mastered it you can then go into live.
Acquiring knowledge is only profitable when put to good use.

Learn to have knowledge, and trade with demo account for experience, are good but not enough.

It's not enough practically because demo trading and actual trading are very different. The first one is with demo account, no money as your input and you have no pressure, stress to get profit or defend your capital. The second one is with actual money from your pocket and there is big pressure of loss, defend your trading capital. Consequently, a trader can perform very differently and oppositely with demo trading and actual trading by psychological and emotional effects.

Live trading experiences are the most effective ways to learn in trading. You don’t do it just once, but on a consistent basis that will definitely teach you on how to navigate the trading market. And as your experience grows, your knowledge and skills become widely developed, until trading mastery achieved that will help you maximize your personal trading returns.

[Y3shot]

Most time I always advise people (newbies) to take actions towards what they read or hear on the bitcoin space, it's not just about reading but it's also about making actions towards what you have read.

Knowledge is important but experience is more important.

It is good to have experience but before get the experience their is need fro one to have an understanding. You dont have to go into something with a blank understanding just all in the name of getting experience.  Their is a process of having experience which is learning, and these can be achieved by reading to get sod information that can enable one to understand better and after this step it is necessary for one to take action to get better understanding.

[Judith87403]

' Practice makes perfect ' this is a very popular saying and that is how people can gain experience and improve on what they know. Knowledge can be a waste if what is gained cannot be practicable to add value to the person, it becomes a light that is covered, which can not shine. Newbies that join the forum and have been here for a while should practice by going through the process of buying and holding Bitcoin. It's not necessary to know all the whole technicalities about Bitcoin network before holding it, mining and trading are secondary aspects that requires specialized skills.

You are very correct mate,going by the saying, practice makes perfect,it is always very good to practice so that in less than no time,one can actually perfect what he has been practicing.
As a person just starting,I think I need to start making some practice about holding coins,which I seriously want to,but we know one cannot just wakeup to do it without having a mentor who constantly shows you how to hold,if you just start trying to do it on your own,I think you will lose your money in less than no time.Therfore, having a mentor is the first thing in learning.

Sure, so far as crypto investment is concerned one can not  actually learn about how it works without seeking for help from those who have acquired enough knowledge about crypto investment. because learning about how crypto investment works and also understanding the Market very well isn't what one can learn all by themselves. Of course is good to have a mentor more especially when you want to go into crypto investment, or any kind of investment that will require puting our money, So as for us to be guided on what to do and the once which we are not supposed to do.

[Churchillvv]

Most time I always advise people (newbies) to take actions towards what they read or hear on the bitcoin space, it's not just about reading but it's also about making actions towards what you have read.

Knowledge is important but experience is more important.

It is good to have experience but before get the experience their is need fro one to have an understanding. You don't have to go into something with a blank understanding just all in the name of getting experience.  Their is a process of having experience which is learning, and these can be achieved by reading to get sod information that can enable one to understand better and after this step it is necessary for one to take action to get better understanding.

Personally, I do see everything to only be valuable if one takes actions or practice what they read, I have read a lot of books but yet my habits are not changing because I never for once practiced what I read but from the day I started practicing I began to understand more than I understood during the reading stage which is more of the reason behind my advise to op yet the advise is not limited to newbies or op alone but generally to anyone finding it difficult to do some things.

I will still repeat that knowledge is good but practicing what you know is the actual knowledge.

[Drawesome]

I’m surprised that you’re talking about practicing, and at no one mention the technology. How are you going to invest in something you don’t know? There are test networks and cheaper ways to use other networks. If you don’t know the reality of something, you’re lost.

I’ve been disconnected from everything for a while due to health issues and have forgotten much of what I learned. I’ve thought about downloading Bitcoin Core and starting to mine on the testnet. I also plan to experiment with LN on the testnet using my own node and to review concepts.

You can also do simpler things, but you have to get your hands dirty and actually work with the technology, not just invest in something you don’t understand.

[tvplus006]

...Practical knowledge will be most useful in trading or investing. In this case, no matter how much we read books on trading or investing, the knowledge we acquire will not be of any use unless we apply it practically.

Of course, theory without practice is dead, but without theoretical knowledge, your practical attempts will be doomed to failure. And if someone tries to trade without the acquired knowledge, they will definitely lose their deposit without even understanding how it happened.

[OcTradism]

Of course, theory without practice is dead, but without theoretical knowledge, your practical attempts will be doomed to failure. And if someone tries to trade without the acquired knowledge, they will definitely lose their deposit without even understanding how it happened.

You need to have good knowledge from fundamental to technical and in my opinion, only technical knowledge is not enough. If you trade with a cryptocurrency that has very bad fundamental, all technical analyses can become nothing very suddenly. If you choose a cryptocurrency with good fundamental, your technical analysis will have less bias factors and there is less risk of sudden collapse or rug pull.

By learning, you learn fundamental, technical and also from experience and lessons of other people who already spent money and time. You save your time, and reduce your loss by learning from those people's stories and lessons.

[Rustam Meraj]

Knowing about Bitcoin and cryptocurrencies is one thing but actually using that knowledge is different. Beginners can learn a lot by holding Bitcoin and can be part of crypto market. They can make plans that work and learn from mistakes, and get better over time. Your plan to make practice work and setting goals and making schedule and checking progress is very good. This plan can help and people can turn what they know into real experience and achieve what they want in crypto world. Your plan is good and everyone has their own plan. But I think we should strict on our plan to be successful.

[Scarlett_23]

There is a saying that "practice makes a man perfect". If you know very little about something, yet if you practice it again and again, it becomes easy for you. Just as memorization without practice does not take time to forget, just having knowledge about the forum will not be of any use. Until a person invests in Bitcoin, he will not have real experience. If he just starts investing, his experience will gradually increase.

There may be many mistakes in the beginning, but with repeated practice, he will eventually become someone else's idol. So I would say, start investing in the DCA method according to your financial condition with a long-term, holding mindset.

[Hewlet]

Don't just be a passive reader in the forum; be an active participant. Hold Bitcoin, apply your knowledge, and watch your skills grow.

a thousand article read without implementation is as good as not even reading any in the first place. one thing about newbie is that the tendency to jump at almost every thread and just read them and then try to do some personal research for the purpose of starting a fresh thread is always the agenda. as much as that helps one to learn, that method alone is not enough to make one really sound in understanding fully well about bitcoin.

once for instance you create an account on an exchange, then you buy your bitcoin, by just doing that, you have learned far more you can learn from reading through five threads but yet to implement a single information gotten from the thread. practice is even a better form of learning than mere reading so many article that might even stand to confuse one at some point.