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

[SOKO-DEKE]

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.

both are very important in life because if you have enough knowledge you will know the facts, information and also you can acquaired skills and experience through education while in experience is you can gain it through practical exposure. if you have this two you will know how to balance in making decisions even if it's risky but the more you fail the more knowledge and experience you will gain.

I agreed with you that knowledge and experience are crucial.I think that occasionally when you learn something from a variety of sources, you can also put it into practice. In fact, many people nowadays who enter the crytpo industry do so through knowledge, and they do it better because many of the books and videos are putting together by the great experience authors, and if someone read and get the information well from the books and videos someone can also easy put it in practice too. But if I'm being completely honest with myself, experience is always preferable to knowledge you gain through reading or watching videos.

[BD Crypto]

Actually both are essential in Bitcoin learning because if you have proper knowledge about crypto and have little experience you may not get good results. Again without knowledge only experience can handle many things but that will not be fulfilled. So I will also go for experience but must have a actual knowledge too. Because Knowledge is Power not Experience. This will be implemented in every sector of learning.

[Dzwaafu11]

I did, however, believe that all the doctors worked in their different hospitals work with experience behind the work and not just knowledge. In my opinion, knowledge cannot be applied without experience if one can merely possess knowledge and lacks practical experience in the subject matter.Bitcoin knowledge must be applied when reading the instructions for how bitcoin works, following the newest bitcoin news, and participating in other activities such as the Bitcoin forum.
After acquiring all of the necessary information of bitcoin, one can get experience by applying that knowledge and benefiting from it. So both play an important role in our daily lives, not just in cryptocurrency. So, in order to be a successful bitcoin investor, it is critical for someone to get the appropriate expertise before engaging in the industry.

[reizella28]

Knowledge is nothing if you doesn't know how to execute and apply it in the real thing. Knowledge is important but experience is a must too that's why most job hiring are looking for experienced people. Fresh graduates have their on job training before graduating for them to have experience plus knowledge package when they graduate they could apply already for a job. I think it's the same thing in Bitcoin, if you have both knowledge and experience then it would be easy for you to invest and trade in Bitcoin without hassle. If you acquire these two you will be powerful.

[amihada]

knowledge without experience is still incomplete for me knowledge without experience cannot be relied on it's best to jump into the world of crypto both must be in themselves to be able to take a stand in difficult times, for example when coin prices fall most people panic their knowledge is good but without there is experience, he will release the coin, it's a careless attitude and a loss.

[CageMabok]

knowledge without experience is still incomplete for me knowledge without experience cannot be relied on it's best to jump into the world of crypto both must be in themselves to be able to take a stand in difficult times, for example when coin prices fall most people panic their knowledge is good but without there is experience, he will release the coin, it's a careless attitude and a loss.

Experience is an example of past work that has been done by someone based on the knowledge they gained at that time so that it has become an experience for him at this time. So in general knowledge is still the main thing that must be considered important to carry out any activity even though experience can help someone more in carrying out the work he is currently doing.

[crunck]

Both are important, but to gain experience, we need prior knowledge, knowledge is the foundation of everything. We cannot start practice without knowledge, and when we have knowledge without experience, we will have difficulty. To make money with crypto, it is necessary to use both knowledge and experience fluently.

[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

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.

The two concepts have some similarities. At I was even confused but when I calm down and think of it, then I took the side of experience, one has to experience the thing before you can have knowledge of it. That is why they is a popular saying that experience is the best knowledge" (teacher). Many people have the experience of bitcoin but they do not have the knowledge of it and that is why people here learning more to know. But they hears at one occasion or the other.

The two are never the same because knowledge is one thing and experience is another.  Knowledge can be acquired by anyone at any time but experience is not very easy to acquire and no one can acquire experience in a short period of time but knowledge can be acquired in a short period of time. I repeat that knowledge makes man know the way but experience makes man walk in the known way. so knowledge and experience can never be similar

[alastantiger]

Experience is always the best teacher. That doesn't mean that knowledge is not require or neccessary. Someone who has experience is far better than knowledge because experience is series of hard work and multiple mistakes. Experience is practically achieved and knowledge is mostly theorical.
In bitcoin investment, i d' rather go to someone with much experience because he has made a mistake before and learnt from them.
Experience is the combination of theoritical and practical learning, so both are required.

[Viscore]

The guy who has experienced was first a novice who acquired knowledge first and through several trials by errors, practice  and repeated practice. The way we learned about bitcoin was not through experienced, most of us started through a simple Google Search - searching for knowledge. Then we went on YouTube to watch a step-by-step tutorial on how to buy bitcoin on Binance, Luno or whatever crypto exchange app we were first exposed to. We followed the same process for other crypto related concepts. This was applying the knowledge to gain experience. We didn't first, second and third time until it became like second nature to us. Knowledge is important first. Just like a child learns to crawl first before walking, so it is with knowledge and experience.

It’s certain that knowledge should come first because it serves as your foundation in learning, and when you think you have learned a lot but still there is lacking, that’s how experience enters your mind. Knowledge and experience should go hand in hand as they are both essentials in the learning process, otherwise if one is lacking, most likely the learning process is not complete and will never become entirely relevant to your life.

[Mauser]

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.

In my opinion it comes down to what you want to achieve with your bitcoins. Let's say you heard about bitcoin's a lot and only want to understand what everybody talks about then knowledge is the thing you are after. Buying a book about bitcoin's or reading several articles online will likely do the trick. The same goes for someone who is looking at bitcoins for long term investing. As a HODL investor it's more about the knowledge than experience as you are not going to sell your coins. Only if you are looking at actively trading bitcoins you really need the experience. As a short term trader it's all about the experience and not so much about knowledge anymore. Having some basic knowledge is sufficient if you already have trading experience. It's more important to handle stress well, not react to your emotions and keep making rational decisions. So any new beginner should learn towards his goal.

[wxa7115]

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.

In my opinion it comes down to what you want to achieve with your bitcoins. Let's say you heard about bitcoin's a lot and only want to understand what everybody talks about then knowledge is the thing you are after. Buying a book about bitcoin's or reading several articles online will likely do the trick. The same goes for someone who is looking at bitcoins for long term investing. As a HODL investor it's more about the knowledge than experience as you are not going to sell your coins. Only if you are looking at actively trading bitcoins you really need the experience. As a short term trader it's all about the experience and not so much about knowledge anymore. Having some basic knowledge is sufficient if you already have trading experience. It's more important to handle stress well, not react to your emotions and keep making rational decisions. So any new beginner should learn towards his goal.

It is never that simple, even if you are only interested on becoming a long term holder your experience will save you from making a huge deal of mistakes that can wreck your account.

How many people were supposedly only interested in bitcoin but then they read a little bit of altcoins and decided to switch their whole holdings to altcoins? And how many of them succeed on making the money they were looking for? Almost no one I would guess, and your ability to ignore those altcoins and the promises of their developers will come from your experience, as eventually you realize the majority of those coins never achieve anything of note.

[BitDane]

Experience is always the best teacher. That doesn't mean that knowledge is not require or neccessary. Someone who has experience is far better than knowledge because experience is series of hard work and multiple mistakes. Experience is practically achieved and knowledge is mostly theorical.

You cannot separate the two.  Knowledge comes from experience and theoretical learnings.  So knowledge is much broader scope of learning which come from both reading and experience.  And I can say bot plays crucial parts in everything so we cannot compare the two and choose one between them.  Whether you choose experience or knowledge, once you practice both, they both yeild each other.

In bitcoin investment, i d' rather go to someone with much experience because he has made a mistake before and learnt from them.
Experience is the combination of theoritical and practical learning, so both are required.

I'd rather go with the person who has both the knowledge and experience for maximum output. 

[Easteregg69]

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

You stick with science and work out from what you already know.

[DanWalker]

Experience is always the best teacher. That doesn't mean that knowledge is not require or neccessary. Someone who has experience is far better than knowledge because experience is series of hard work and multiple mistakes. Experience is practically achieved and knowledge is mostly theorical.
In bitcoin investment, i d' rather go to someone with much experience because he has made a mistake before and learnt from them.
Experience is the combination of theoritical and practical learning, so both are required.

Knowledge is theory, but without knowledge, you cannot start, you cannot trade or invest. It can be said that knowledge is an extremely important foundation for any newbie, and experienced people are very knowledgeable. To be successful in any field, we need both and we must combine them flexibly to achieve the desired results. To be honest, I have never seen a successful investor or make a lot of money saying they have no knowledge, or no experience. Both are necessary and sufficient conditions for a person to be successful.

[Franctoshi]

You can't become an experienced person without first of all the practical knowledge of what you do, despite learning from others experiences like reading, researching and watching YouTube videos. So in my own opinion, Both knowledge and experience works in tandem, because from knowing something (The knowledge), one graduates into becoming an experienced person in what he or he does.

The bottom line is after you must have gotten the required knowledge about Bitcoin , you need put your knowledge into practice, like Buying and selling or any sort of Bitcoin transactions which then will graduate you into Becoming an experienced Bitcoiner.

[someone703]

(...)

All of this whether you think they're the same, and me or someone else trying to analyze and share things from a personal perspective see if it's really the case. Sometimes our problem is the barrier created by the language itself, Knowledge or Experience which is of a reciprocal nature and almost intertwined, and I really don't want to separate to try to understand. consider it to have the properties we are understanding. The problem is probably here about how we're looking at it, and you can give an example, but I just see it as one, and each of us is dividing ourselves. out different ingredients.

[MoonOfLife]

...

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

_tjtonmoy

As others have said, both are important and necessary to help us succeed. But I will lean more towards experience because knowledge is not too hard to get, but experience will be a process to get it. So I will focus more on learning and building experience because I believe in the process of seeking experience, I will also find the corresponding knowledge.

[Mpamaegbu]

~snipped~

You can never go wrong if you trust a person who has high knowledge and high experience because surely, you will learn the best from him.

That's the absolute truth. It's called "standing on the shoulders of giants". Literary, new entrants stand on the shoulders of these giants to see well afar off. Everyone who is new to something should always seek counsel of veterans in that field they're venturing into. It saves one enough troubles and time.

Knowledge alone may not work, just like experience without knowledge may not work either. That’s how important knowledge and experience are, the two should always be complementing each other.

Experience supercedes knowledge. This is because by raw practice on the job one gets the knowledge in practical reality. Like I stated earlier, knowledge is mere theory. Theories aren't alive if they aren't make practical. Real life solutions are in practical and not theory. So, while experience can survive without knowledge, knowledge can't survive without experience.

[Wakate]

knowledge without experience is still incomplete for me knowledge without experience cannot be relied on it's best to jump into the world of crypto both must be in themselves to be able to take a stand in difficult times, for example when coin prices fall most people panic their knowledge is good but without there is experience, he will release the coin, it's a careless attitude and a loss.

We just need to have the knowledge first before having the experience so which ever way we want to do it it is very important for us to have sound knowledge of cryptocurrency so that we are not going to by on a single side.

Experience is what supercede knowledge since everything in this life is more of practical than just having the theory ideas or knowledge only. Just like in the circular world, we need to have experience in the kind of job we are applying for even though it is  small one to get employed because no company would want to employ someone that have not experience in the kind of job they are offering.