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

[Kasabus]

If you keep on relying on experienced bitcoiners, that will only help you temporarily but will never help you grow personally. That is why it’s important that you possessed both knowledge and experiences in life so that you can dwell on every worst situation that comes even without the help of experts. Bitcoin is not just all about knowledge, it’s more on practical application so that you can come up with good and reliable analysis to make you profitable and successful.

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[Baoo]

In general, experience and knowledge are totally related to each other and without gaining them, you won’t succeed in this field. Furthermore, it is really important to educate yourself before even starting and there is no need to be hasty even when you have a large capital, that would be definitely perilous Plus, remember that beginnings are always tough even when you’re completely educated , it means you might face some obstacles and lose a some money . However, everything will get better with practice ( experience). In addition to that, make sure you to build  strategies and plans, they may help you to improve your decision making. Every strategy must apply on each market's condition.

[Weawant]

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

Both of them has to be very important and they're both needed for someone to become successful when investing in Bitcoin. Before investing, we have to make ourselves to have knowledge on what we're investing in.

Investing without a knowledge of what we're investing in is just gambling since we're only trying our luck and waiting on the outcome. We have to do our personal research before we invest in Bitcoin and when that is down we get knowledge.

The experience plays its part when we're now involved in the market, by this time we'll need to learn from others experience which prevents us from making mistakes or learn from our very own mistakes and take decision that'll make us successful.

[GreatArkansas]

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 agree with this, I already experienced this before especially when I started to learn Bitcoin.
I tend to ask questions to people who got more experience because I believe as they stay longer in a thing, they more familiarize it and master it, so it means they are good on what they are doing as they know what they are doing.

[demonica]

Basically, experience allows you to gain knowledge. Of course getting into Bitcoin, you need to study something first so you'll know what you're entering. But there are knowledge that you can't learn by just simply reading and researching online. When I first explored this space, I started by searching about it online and then ask someone I know who have prior knowledge in crypto. Then after that, when I tried everything myself, that's where I learned deeper knowledge that I wouldn't understand by just reading it. For me, experience is still the best teacher.

[MIner1448]

I agree with you that both knowledge and experience are important in bitcoin education. As you rightly pointed out, knowledge gives us a basic understanding of how bitcoin works and what features it provides. However, to be successful in bitcoin investing or using bitcoin in everyday life, one must also have the experience to know how to put this knowledge into practice.
I think it's important to find a balance between knowledge and experience. Gaining knowledge from a variety of sources such as books, articles, and online courses will help you understand the basic principles behind how Bitcoin works. However, in order to gain experience, one must try to use bitcoin in practice, for example, by buying it or accepting it as payment.
I also find that talking to those who already have bitcoin experience can be very helpful. They can share their knowledge and experience to help you avoid mistakes, save time and money, and improve your chances of success.

[Ryu_Ar1]

Talking about experience, not all things that already have that experience can be used as a reference I think.
At the beginning I was here, I found a lot of good people from social media, forums and even in the real world today, there are many people who were in Bitcoin even before me, but that doesn't mean their experience can be a good thing because not a few people have being in a circle like this for a long time is also limited to knowing and not deepening especially with those who lack literacy so that the conditions when the discussion only goes one way for me personally considering that they only carry out discussions only from those they have ever met, even though it's good but it's a little less because of course when other people's experiences are done in ours I think it's going to overlap.

Seeking experience with previous people is very good but it also has to be a choice, on the other hand studying yourself while honing your intuition and research I don't think it's wrong because it's also necessary for ourselves.

[Party24*7]

Of course, both are important, you can't have experience without knowledge, and if you only have knowledge without experience, then you can't do anything, and you can't make a profit. Both are important, and they complement each other, I have not seen anyone lacking either of these succeed in any industry, not just crypto.

[tjtonmoy]

I have read almost every reply. And from what I have come to known that, some of you agree with that and some of you don't. I also have learned something from this.
The process we start from is learning. As we learn, we gather knowledge. And when the knowledge is put into practice, we gain experience. Then it all comes back to a circle. When we experience new things, we learn more, thus collecting more knowledge. Then we apply them in works and gain the experience again. It will keep happening over and over until we become a master at it.

You make your own experience by putting previous ones together, and you come up with a new one.

This has been a great learning session for me. Thanks to everyone for sharing your thoughts. Hope this will help others too.

[Obari]

Experience is great but have you thought of the possibilities of one having all the wrong experiences over a longer period of time without actually getting it or figuring out what is actually right ?
If you've though of that, then you'll agree that knowledge is great because having the right knowledge is paramount because with the right knowledge, one might get the right experience but with just experience, one might still be wallowing in the wrong knowledge.

Whatever the case might be, it is always best to have both knowledge and experience and while getting them both, it is better you get the knowledge before the experience  rather than trying to get experience before knowledge.

[Botnake]

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 agree with this, I already experienced this before especially when I started to learn Bitcoin.
I tend to ask questions to people who got more experience because I believe as they stay longer in a thing, they more familiarize it and master it, so it means they are good on what they are doing as they know what they are doing.

Experienced people will definitely be a lot of help to those who are starting in bitcoin. From them, we can accumulate more knowledge and even build our skills after. And by hearing their experiences, we also tend to create the same experiences as that will guarantee that we will be future successful investors like them too. So eventually, both knowledge and experience are the keys for a successful bitcoin investing and trading.

[Mpamaegbu]

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

Knowledge comes from mere reading of books while experience comes from encounters with real life issue. Knowledge is theory while experience is practical. Little wonder they say experience, not knowledge, is the best teacher. It used to annoy me during job huntings and years of experience was asked as part of the criteria for employment until I realized the place of experience in job placements. Now I know it has to be experience over knowledge. A man with experience is better on a job than the one with knowledge. I choose experience over knowledge.

[Dr.Osh]

in any case, I think knowledge and experience are needed, and if we talk about bitcoin or cryptocurrencies, then both things are very much needed. Many people without knowledge enter the world of this investment, and suffer losses. it is because he has no knowledge and experience and only follows the trend. Very many examples of this. what needs to be realized is that the crypto world is very risky, without knowledge or experience, the risk will be greater than the potential profit you can get. moreover there are so many scammers trying to trap new investors.

[bangjoe]

I have read almost every reply. And from what I have come to known that, some of you agree with that and some of you don't. I also have learned something from this.
The process we start from is learning. As we learn, we gather knowledge. And when the knowledge is put into practice, we gain experience. Then it all comes back to a circle. When we experience new things, we learn more, thus collecting more knowledge. Then we apply them in works and gain the experience again. It will keep happening over and over until we become a master at it.

You make your own experience by putting previous ones together, and you come up with a new one.

This has been a great learning session for me. Thanks to everyone for sharing your thoughts. Hope this will help others too.

Basically knowledge and experience cannot be separated from the rotation of the human learning wheel in living his life, knowledge and experience are two elements that humans will get from their daily activities, in the process humans respond to this activity as an experience that produces knowledge. be it from the experience of other people in written or unwritten, the results of research and other studies on something related to knowledge can be obtained because experience includes the context of experience of thinking or imagining.
Included in the reasoning and actions or activities related to bitcoin will be an experience and knowledge that the more you deepen it, the more conical it will be to a conclusion.

Experience is great but have you thought of the possibilities of one having all the wrong experiences over a longer period of time without actually getting it or figuring out what is actually right ?
If you've though of that, then you'll agree that knowledge is great because having the right knowledge is paramount because with the right knowledge, one might get the right experience but with just experience, one might still be wallowing in the wrong knowledge.

Whatever the case might be, it is always best to have both knowledge and experience and while getting them both, it is better you get the knowledge before the experience  rather than trying to get experience before knowledge.

Wrong and right are the conclusions that we get from the reasoning process that you make and depending on how your mindset concludes, because of that you will get different people's thoughts about wrong and right at the same point.
Which gist we should get first from these two contexts depends on your situation, too much learning theory without implementation is also not a good thing. In this study it is best when learning can be accompanied by implementation, so that it is faster at the mature knowledge stage of learning outcomes and application.

[Obari]

Wrong and right are the conclusions that we get from the reasoning process that you make and depending on how your mindset concludes, because of that you will get different people's thoughts about wrong and right at the same point.
Which gist we should get first from these two contexts depends on your situation, too much learning theory without implementation is also not a good thing. In this study it is best when learning can be accompanied by implementation, so that it is faster at the mature knowledge stage of learning outcomes and application.

I get your points mate but we're not talking about the reasoning stage but rather we're now focusing on the action stage where one has to decide either to go for knowledge or try getting experience and hoping to get the knowledge along the process of trying to get experience as well.
And I agree with you that too much learning without implementation is absolutely not a good thing and most times when we get knowledge, it is better unimplemented than trying to implement them and there are cases where we just have to get theoritical knowledge of mostly the past not because we want to change the past or go back to time because we are trying to stay knowledgeable so as to learn from the mistakes of people in the past to be able to make precise Decisions if faced with similar situation in the future.
Now I  also believe that it is best to acquire the right knowledge about a thing before attempting that very thing
Hence, it is advisable to get knowledgeable but going for the experience that would leave a physical result.

[Jawhead999]

Practicing will make you learn faster because you might got bitter experience or making a mistake.

Relying on knowledge, you will not really understand deeply and confuse about few things. But the good thing is you will not get bitter experience or mistake because you've learn how to choose something and carefully enough.

It's not only limited to Bitcoin learning, but anything is similar.

[Adams0001]

Knowledge and experience are both valuable in life, but if I had to pick one, I would go with knowledge. Because the majority of knowledge is based on experience. Reading books or surfing the internet will teach you a lot, and the writings are frequently based on other people's experiences. Of course, reading is not the only way to learn about life. It's always a mash-up.

Knowledge is also easily shared with others and has the potential to last for decades or centuries. In general, experience is more subjective or intersubjective. And those (inter)subjective experiences will be exchanged, resulting in knowledge. And knowledge is what is disseminated and maintained.

[ivankoh]

I think Knowledge is theory, experience is practice.  I will be more inclined to experience to succeed because everything has experience, right or wrong to change and improve, you can respond to any market situation with what you have experienced.  Over time, skills will also be accumulated and that is experience.  To gain experience you have to accept "pay" for them.  I think knowledge will be required but it will not be an option in this regard.

[cydrix]

Although both experience and knowledge are crucial for a healthy human life, in actuality, experience is more crucial than knowledge.
Let's say you and I both possess the same knowledge and degree from the same university in the field of employment, but if you have more experience than I have, you will be given preference in promotions. But it's crucial to remember that you can't claim to be knowledgeable about something unless you learn something about it. In addition, it is necessary to get information in the area of Bitcoin, but in order to trade Bitcoin successfully, one also needs a lot of experience.

[Aanuoluwatofunmi]

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.

Every experienced person in bitcoin begins with learning, through learning you receives alot of ideas that get you the knowledge needed about bitcoin and doing it over time gives you the experience in it, the two work in hands a d everyone that has bitcoin experience today started from somewhere, not until we give it a bold step to first begin we may continue to postpone our live experience in knowing about bitcoin.

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.

The two both work in hand, learning process is not as easy as thought or expected but when you're now good at it, you become an experienced user that teaches others too and the best way to retain what you know is to bring others to the understanding as well that they should benefit such through you.