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

[Lillominato89]

I believe knowledge and experience go hand in hand, if you have experience you also have knowledge. and like when you study to be a doctor! You can't become a doctor just by experience but first you have to learn and know the job! having said that when I started with bitcoin I started from reading news on the internet, then went on to study the protocol and finally asked for advice from an expert in the sector! so for me too the choice fell on a person with experience. so I was able to sharpen my knowledge and put it into practice, but I don't consider myself an expert yet

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[Nrcewker]

Both are equally important. Moreover we can’t compare both with each other, as in order to gain experience one must need to have sufficient knowledge. So both is important, first you need to gather immense knowledge, then using this knowledge, gain experiences. Now when you have both, use both to calculate the risks involved while investing in Bitcoin and try to make maximum profit from it. Op has mentioned all the points that are essential, so yes both are important when dealing with Bitcoins or cryptocurrencies.

[fuguebtc]

If you only have the knowledge and theory without real combat experience, you are still considered a newbie, and a newbie will never be able to make good profits in the market. Therefore, knowledge and experience are equally important and need to be well combined to help us survive and make a profit in this market.
The knowledge you can learn from the internet and others, but with experience, you need to experience it yourself to build your own experience and skills, you can't buy or learn from anyone else.

[bayu7adi]

My thoughts are aligned with yours, prioritizing experience over knowledge as the primary factor. Knowledge, in this case, serves merely as a support system. Both are valuable assets for an individual to possess.

An experienced person is typically more agile, quick-witted, and less flustered when aiming to achieve a goal. To broaden one's experience, the only way is to try and practice directly. Even without any knowledge at all, you can still gain valuable experience from what you have practiced.

Meanwhile, knowledge serves as a supporting aspect that can boost the final outcome. Imagine having sufficient experience and being aware of the step-by-step process to reach the ultimate goal. This significantly increases the probability of success.

If we apply this concept to learning about Bitcoin, you can gain experience in trading and investing in Bitcoin, while knowledge of timing and money management serves as a supporting factor that can make you more successful in Bitcoin.

[isaac_clarke22]

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Knowledge would give you experience  then experience would give you more knowledge. It's like a two-way flow. You learn Bitcoin then you apply that knowledge depending on what you pursued. Learned trading? Go and trade in whatever exchange you prefer. Learned technical stuffs? Go build a crypto related web app or build your own crypto coin.

Just imagine being a carpenter. You know how each tools work, but how would you build a house if you only knew what each tools are used for.

[blckhawk]

I think knowledge will have to come first, experience is something that you get along the way.  Here's an analogy, knowledge is a map and experience is journey, the map has all the information you need but you need to trek the terrain personally or you will never grasp the full scope of the information. Knowledge and experience go hand in hand.

[kryptqnick]

A helpful distinction for the op's line of thought would IMO be to speak of 'know what' and 'know how'. You can gain the 'know what' type of knowledge from reading about something, attending lectures, watching videos etc. In the op's example, it's browsing the Internet to learn (know what) about Bitcoin. But there's also 'know how' kind, which requires practical engagement (and is obtained through experience. You can know what a violin is, but it won't help you know how to play (be able to play). With Bitcoin, it's knowing what a crypto wallet is without having the experience (obtaining know how) of using it, or learning about trading but not practising it. So to me, what we choose depends on the purpose, and experience is also a way of obtaining knowledge, just a different kind of knowledge. Combining the two is usually the right way.

[Oceat]

The replies above are right, if we put things in simple terms it's like you acquire that knowledge through watching and reading while you only experience it when you try to apply your knowledge or what you learned from watching and reading. So basically you need both knowledge and experience in order to be effectively useful when doing trades and investment.

One thing I could say is if you already experience this and that, then it's useless and pointless to you because you don't have the required knowledge to understand what you have had experience. You still get back to the first page and that is gaining knowledge first so that you can understand what you have had experience. If you blindly follow someone without a certain knowledge you'll get lost in the process and that's a total waste of time when you could just do some research with that time instead of trying to copy someone. Basic is very important in all aspects of life.

[Frankolala]

Experience is the best teacher,I can read all the books of knowledge and someone who didn't read any book but he is always present during  practicals will perform better than the one who read the book. Take someone with knowledge to the field,he will find it difficult to do things right at first,until someone puts him through.

Practical brings out the best on whatever that you are doing than someone with bags of knowledge without practicals. Let's take an example of using a cold wallet for bitcoin storage,where you need to generate your seed phrase in an airgap system. This is very technical and if you make any mistake,everything will be messed up. So many people in the forum are finding it difficult to put this into practice,even though they have the knowledge because they haven't put it into practice but if they see someone to teach them one-on-one,it will be very easy for them. I am an example, from my own perspective someone who is experience will do better than someone who doesn't practice but have the knowledge. Let's take example of a medical field,someone  without experience but with all your knowledge is useless because you might end up taking a life.

[southerngentuk]

Both knowledge and experience are important in learning Bitcoin. Knowledge about Bitcoin's technology, history, and market trends can help you understand the underlying principles of this cryptocurrency and make informed decisions about buying, selling, or investing in it. However, experience is also essential to learning about Bitcoin, as it allows you to put your knowledge into practice, learn from mistakes, and gain a deeper understanding of how the market works.

In short, while knowledge provides a solid foundation for understanding Bitcoin, experience allows you to apply that knowledge in real-world scenarios, which can help you develop a more nuanced understanding of this complex and rapidly evolving cryptocurrency.

[Outhue]

Only those who got shot once in their life knows how bullets in the body hurts, it's a very bad experience, a near death experience, but those who haven't gotten shot before won't dare come out in the open and ask someone to shoot them.

They don't want to experience it and they are ready to stay away from guns forever, in cryptic space we don't want to get scammed, but those who have lost funds to scammers are more carefully than those who haven't experienced it yet.

Still no one wants to lose money to scammers, having knowledge and experiencing something or an even are both different things, You don't have to have an experience of something bad or evil before you have some knowledge.

There are some people in the crypto space that haven't lost funds to scammers before and that doesn't make them relent or feel like a god, they already have the knowledge to secure their funds themselves.

[Wiwo]

Internet knowledge= theories
Experience overtime= practical.
Both have difference results on the investment and the financial analysis of the ops and this can be reflected in the outcome of their financial statements and investment results.

So if you ask me I will say experience plus knowledge= of successful financial decisions born out of track records with years of experience and knowledge of different times. It requires time to build both experience and knowledge and both are what pay off in the long term.

[CryptoHeadlineNews]

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?

In the first place, why should you even think about trying to limit yourself when you could possibly learn everything?
Knowledge is never complete without experience and as such if I'm to learn any skill, I will never choose any of the half-bake individual you just suggested, but will rather choose someone who has both knowledge and practical experience on any trade or skill I intend to learn, so that as theory is been taught, practical can also be initiated for full understanding, not to mention about crypto whereby if a user has no experience, he/she could end up sending a lost transfer.

[hannahB4]

For me, I won't dispute between the two because both are important. As someone with experience, you must be knowledgeable in the application of your experience because you might be experienced on this topic and still fails. With this, I will also go with the person with experience but also be knowledgeable in his or her dealings on this matter.

[Hamphser]

If we would really just be needing to choose one then i would definitely be choosing up "EXPERIENCE". Why? Once you do have some experience then you would eventually gained up knowledge which is something that inevitable or something that you would really be able to gain along the way. I agree on what most people been saying on here is that having both would be the best because once you do also have the knowledge on what you are doing then you would be able to gain more via more experience and this do simply shows up about mutual benefits or having that back and forth gains as long you are really that wary
about your actions because if you arent that making such move or really having those plans then it wouldnt really be that progressive or something that you would be able to gain up.

[Anguwa]

Both knowledge and experience has a very vital role to play in learning Bitcoin. Most people that have knowledge about blockchain technology find it very easy to learn Bitcoin and understand it better than people that don't have knowledge, while people with experience also learn very fast because of the initial experience they have.

[serjent05]

It is a no-brainer that both knowledge and experience is essential.  Learning to mastering is a process.  First, it is obvious that we need knowledge in order to do things and we need the experience to master things.  These two concepts are inseparable if we wanted to excel in any aspect of life.

You cannot do anything without any action.  So if you applied the knowledge of what you learned you can then gain experience in how that knowledge works.  So as I stated it is inseparable.

For example, you gain knowledge on setting up a wallet.  Then you set up a wallet, and by then you gain experience in setting up a wallet.  Isn't it too obvious that both can't be ignored?

[_BlackStar]

I am on the bitcointalk forum as a non knowledge and non experience user. My journey started to gain knowledge ^{[both basic and technical knowledge],} that I have to do in my much active time on forum. It took me a long time to learn something as new as bitcoin back then, but the knowledge itself has benefited me a lot. Experience on the other hand comes through practice with success and failure, but both are equal.

The end point is that knowledge and experience can be gained from forum by study and practice. It's not as easy as turning your palm of course, it takes time and consistency as well as great curiosity about something.

[Distinctin]

Bitcoin is one risky investment and for you to be profitable on it, you should have both knowledge and experience as that will definitely make you a successful and profitable bitcoin investor or trader. Knowledge alone makes no sense, but if you make it as your advantage and develop your best skills out from your gained knowledge, then you will be more valuable and successful in your chosen investment.

[Adbitco]

Everyone feedback was based on their personal experience and points of view towards this question.
At a normal circumstances we need the knowledge although most of us who are not educated may need experience to operate with while those who are educated fully needs knowledge to start with. In bitcoin investment, you need an experienced individuals or trader to guide you through the journey of your investment for you to be able to excel through that parts. As a lecturer or a grade school teacher you need knowledge to be able to stand the public to teach or speak to them why because there will be lots of questions from sides to sides and if one is not knowledgeable enough there is no way such person would be able to withstands such pressure. So knowledge is mostly needed before experience, experience comes after you might finished.