Which one is important? Knowledge or Experience? Or both in Bitcoin Learning!

[tjtonmoy]

In order to learn anything, we need the proper knowledge. In any situation, it is so important. And applying that knowledge in different situation and making wins and losses we gain experience.
So in that process, can you only depend on one thing? It is important to gain knowledge to be able to get the best results in any situation. But can you be successful with only knowledge and not without having enough experience?

Let me give you an example. So someone has browsed through the internet. He has gained a lot of knowledge on bitcoin.
And there's this other person who have been on the platform for a long time. He has gained experience based on his own work.

Now you want to learn the best. To whom do you go first? One with knowledge or one with experience?
Me personally, I will choose the one with experience. Because knowledge can be gathered from many sources. But the true meaning of best learning method is found in the one with experience. Because he may know something that the internet won't know. It is the same as reading a book and memorizing it. But you can't be an expert unless you have tried in yourself.

One more example that I want to say, which has happened to myself. I work the same thing others do. But when to teach that to a new guy, if they follow the basic learning knowledge. But when I teach them how to work, I showed them some shortcuts and way of doing things in a much faster and easier way.

So in conclusion, if you are new and want to learn something about Bitcoin, ask the guy who has a lot of experience. Then it becomes knowledge to yourself. Then applying that knowledge and going through some trials and errors, you can gain the same experience. It is important to learn them both in my opinion. But you need to follow the path of what to do when. That way, I am sure success is guaranteed.

Let me know your thoughts. Or share some of your own experience.

_tjtonmoy

[Upgrade00]

An experienced user is one who has acquired knowledge and put that to practice, that's a safer bet than someone who has only read through without putting any of it to practice yet.

Learning about sending multiple Bitcoin transactions together, generating a private key, etc is good, but actually putting it to practice without any errors or correcting your errors along the way shows that you've truly applied the knowledge.
Applied knowledge over passive knowledge.

[Cryptomiles1]

You spoken well mate so in addendum I will also like to say, whenever you are employing person or they are seeking employment in an office they usually asked for a working experience, meaning both are essential you can't do without any of this. That why when you go to any higher institution graduated with a good grade during seeking for employment you would be asked to show your work experience or if that company is that considerate they will train you to their satisfactions before finally allows you to work with them at point you are gaining experience.
So, finally you can not work without experience and Knowledge despite any place you plan to source it from, the two must come together.

[LDL]

Now you want to learn the best. To whom do you go first? One with knowledge or one with experience?  

Let me know your thoughts. Or share some of your own experience.

_tjtonmoy

Both knowledge and experience are very important for human life but in practical terms experience is more important than knowledge.
Suppose you and I have equal knowledge and degree from the same institution in the job field but if you have more experience than me in the job field then you will be given more priority in the promotion.
But one thing is very important that you cannot be experienced until you acquire some knowledge on that subject. Moreover, knowledge in the field of Bitcoin must be acquired, but in addition to acquiring knowledge in the field of Bitcoin trading, one must have a lot of experience in Bitcoin trading.

[Zaguru12]

Just like what Upgrade00 said experience is lack the practical whereas knowledge is more or less theoretical. But both actually do work in line that it is quite hard to differentiate both. With experience one has almost entirely all the information regarding the particular thing but knowledge is limited to just what is stated in a book being read.

If we look at the talk around how bitcoin increasing after every halving we could see that it is from past experience. Even books read are from experienced authors of that. Both goes in addy because the one who has experienced and seeks more knowledge about a thing gets to a higher level than one who sticks to just one of the two

[yudi09]

No. Someone will not achieve success if these two things are not owned.
Knowledge and experience are two important things in all aspects.

So the conclusion in my opinion is that it will not be enough if you only have knowledge because actually knowledge and experience are interrelated.
Knowledge is the first and experience is the second.
From knowledge will give birth to experience that will make a job of perfect value.

[AicecreaME]

It's kinda confusing because somehow it's just the same for me.

The guy with a lot of experience started as a person who only has knowledge, and the experience comes after. So I don't know what's the debate here, doesn't make any sense at least for me because the one that only has knowledge will also have experience right after and they are just both the same to me. We started as a newbie and will end up a pro in the end if we are going to make something as a career.

[darkv0rt3x]

If you're trying to learn about something, I don't think you can have experience at all at that specific thing. Experience comes after the learning process. When you started learning about Bitcoin (not cryptocurrencies in general) you didn't have any experience with Bitcoin. So, first you read, you talk about, you see news, etc. When you feel comfortable you start nessing with things like installing a wallet, learning about it's options etc. Then you install some other app and you learn a bit more, etc, etc. When you start messing with things is when you start getting the experience!

[SmartGold01]

The few post here already summarized everything op said.
In bitcoin investments people needs to have experience(which comprises of knowledge because through knowledge you gain experience), then it will lead you to all your investment journey probably with knowledge is what gives birth to experience. Although is vise versa, sometimes you need experience to have the knowledge while sometimes you need knowledge to be able to handle things and after you might finished handling it then you derived experiences from your post work or investment, that is why i said is vise versa.

[coinerer]

Knowledge can be of several types such as knowledge from books, knowledge from various online sources, knowledge from friends etc. Knowledge gives a person courage to succeed in that thing. but experience builds a person's confidence in that thing. when someone wants to learn about Bitcoin and he takes the help of someone who has knowledge about Bitcoin then he can learn as much as he can.  If he takes help from an experienced person he can learn more than that.  So I personally think experience is more important than knowledge in trading

[Yatsan]

Knowledge and experience. Knowledge won't mean nothing if it won't be in line with experience. Some people learn more through experience but most of the time, textbook knowledge is less effective than with actual knowledge wherein an individual would be able to apply the things he learned; quite of a trial and error. Given that Bitcoin promotes no certainty and consistency, an investor should have both experience and knowledge. Would be more of a practical vs technical point of view. One good example I guess is with business in general; sure thing an  individual could read a lot of books but things work differently on the actual simply because there are many underlying factors affecting the outcome.

[imamusma]

But can you be successful with only knowledge and not without having enough experience?

I can assume that you know that theory and practice are often never the same. So even if in theory you are right, in practice you will be demanded by a situation that allows you to find shortcuts even if the goal is the same.

So in conclusion, if you are new and want to learn something about Bitcoin, ask the guy who has a lot of experience. Then it becomes knowledge to yourself. Then applying that knowledge and going through some trials and errors, you can gain the same experience. It is important to learn them both in my opinion. But you need to follow the path of what to do when. That way, I am sure success is guaranteed.

I disagree with this one, the fact is that someone with experience doesn't necessarily have a good idea to tell you the right knowledge. If you want to learn, then learn from those who are knowledgeable, but when you are in practice then you can get guidance from those who are experienced. Both are important, of course true but the position of the two must be adjusted to what you want.

[panganib999]

Everyone must at least have some substantial experience before they can consider themselves a "Learned" individual in the industry of crypto as a whole. You can hoard all the knowledge that you want and you can and you'd only be half as good as everyone else who really dipped their toes in the water.

I hold experience at a higher regard than textbook knowledge because, well as a matter of fact, most textbook knowledge in bitcoin is pretty much gathered from experienced, so cut the middleman and actually take a bite out of the proverbial pie I say, and learn bitcoin the hard way.

[tjtonmoy]

It's kinda confusing because somehow it's just the same for me.

The guy with a lot of experience started as a person who only has knowledge, and the experience comes after. So I don't know what's the debate here, doesn't make any sense at least for me because the one that only has knowledge will also have experience right after and they are just both the same to me. We started as a newbie and will end up a pro in the end if we are going to make something as a career.

Knowledge and experience may seem a similar concept to many, but if you look deep into it, they have 2 different definitions. One can be gained through collecting data from many sources, which is knowledge. But if not applied in anything, it has no meaning. You can learn many things, but how much have you tried out yourself in order to gain experience?
When the knowledge is put into use, and you get something, that's called results. And many results combined where wins and failures are included makes experience.
Having a lot of knowledge and only applying a few does not make you an expert. So for me, they both are required and could be categorized the same, but the concept is different.

[TimeTeller]

It's kinda confusing because somehow it's just the same for me.

The guy with a lot of experience started as a person who only has knowledge, and the experience comes after. So I don't know what's the debate here, doesn't make any sense at least for me because the one that only has knowledge will also have experience right after and they are just both the same to me. We started as a newbie and will end up a pro in the end if we are going to make something as a career.

Knowledge and experience may seem a similar concept to many, but if you look deep into it, they have 2 different definitions. One can be gained through collecting data from many sources, which is knowledge. But if not applied in anything, it has no meaning. You can learn many things, but how much have you tried out yourself in order to gain experience?
When the knowledge is put into use, and you get something, that's called results. And many results combined where wins and failures are included makes experience.
Having a lot of knowledge and only applying a few does not make you an expert. So for me, they both are required and could be categorized the same, but the concept is different.

Both are needed for you to progress in any market. They are like your weapons as you battle in any market situation.
So for me, both are important. No one is above one another. Your knowledge will help you understand what you are experiencing in the market.
But the experience will give you insights that are not found in the books. Just take for example, how do you spot a project that is pump and dump?
As you traverse the trading journey, you will gain tips and tricks that are not written on books. But the basic knowledge will give you foundation in understanding what's going on.

[Russlenat]

Both are inseparable. If you aim to learn bitcoin successfully, you should gain knowledge at first and put them into practice later on. You should have your practical training on the knowledge that you have obtained so that it will make more sense. Otherwise, knowledge alone would be useless if you are not applying it. That’s the reason why people tend to earn knowledge first and develop their skills through various experiences so that the chance to succeed in bitcoin, be it in trading or investing would be high.

[taufik123]

Most of those who answered would say both are equally important.
But knowledge is the first thing to do, if you don't have knowledge there will be no guidelines for exploring crypto.
Because with knowledge people will gain experience even though only a little knowledge is gained.

I myself initially studied crypto first before doing some practices such as trading, investing, and doing various things in crypto which provided a lot of experience. From the experience I got, I also ended up having a lot of knowledge that would open my mind that both are indeed very important.

For those who have studied crypto in more detail and deeper, they will have a faster way to do some things that may be quite difficult, just like you do.
Have a faster and easier way.

[Twentyonepaylots]

Both are inseparable. If you aim to learn bitcoin successfully, you should gain knowledge at first and put them into practice later on. You should have your practical training on the knowledge that you have obtained so that it will make more sense. Otherwise, knowledge alone would be useless if you are not applying it. That’s the reason why people tend to earn knowledge first and develop their skills through various experiences so that the chance to succeed in bitcoin, be it in trading or investing would be high.

Agree with these as it is important for us to really have a deep understanding with the things that we get into so it is better to know every aspects of cryptocurrencies so that you can be able to use those in what you will do. Experience, on the other hand, is equally important for me in learning bitcoin since those experiences teaches you various lessons that is useful too. Regardless if these experiences is positive or negative, we can have a good lesson with it that we can use the next time we deal with it. So, it is both important to have these both as I too agree that it is inseparable when you really want to learn objectively and learn through your experience which is a great combo to learn something.

[Aikidoka]

In my opinion, knowledge and experience are closely linked and complement each other. I believe that without knowledge you can't gain experience and without experience your knowledge can't be applied effectively.

First, you should acquire sufficient knowledge and try to apply it to gain experience over time. I think without experience, achieving your goals may be really difficult and it would take a lot of times, since you need to back every time to the basis and try to learn from it. Obviously you need a strong foundation, which takes time to build, and then with experience, you'll learn a lot from both your mistakes and your successes.

Now you want to learn the best. To whom do you go first? One with knowledge or one with experience?

If you want to learn something, then it's best to go to someone with knowledge. However, if you want to apply and see things physically, then experience is the next step.

For example, if you want to learn how to do crypto trading, you should first start by learning the basics of trading (there are many sources of information on the internet for this) so it's up to you how fast you would learn, after that you need to apply what you've learned to gain experience, especially learning from your mistakes and mastering the art of crypto trading.

[smile1218]

For me knowledge and experience are both important. They should work together as a team, without knowledge it will be a lot harder to try any investment. I am pretty sure none of you would take a risk in investing if you did not even research on the road map of a particular coin on how will your investment grow to be able to take a profit later on. We should know the factors of the coin we are trying to invest cause without knowledge we might loose our investments. With experience it can teach us how to face risk and how to overcome losses.