Bitcoin kwoledge is not complete without bitcoin investment

[rachael9385]

This is not true. While investing in Bitcoin is one way to apply your knowledge and possibly gain financial benefits, it doesn't define the completeness of your understanding of Bitcoin. Bitcoin is more than just an investment. I mean, it has broader significance, including; ownership, transparency, security, and more. Many people even study Bitcoin for just educational purposes, to understand blockchain technology, or simply to stay informed about digital finance. Let's stop forgetting that Bitcoin's value goes beyond financial gains.

Practical knowledge of each subject is very necessary. If you don't have practical knowledge then your verbal knowledge will not be of much use. If everything was based on verbal knowledge or concepts, people would not be so focused on practical work.  

Let me give you a small example, we see various videos about driving on YouTube and those videos clearly mention the driving techniques and how to drive? Of course we can't, because we have to try to apply what we learn about driving. You can compare this example of mine to education and investing in Bitcoin. No matter how knowledgeable a person you are about Bitcoin, every time you go to invest in Bitcoin, whatever verbal perception you had about investing will change.  
An investor understands the true meaning of investment when he invests in Bitcoin. Just as our preparation before giving the exam is not 100% common in the exam, even if we know everything about investment, still we cannot apply 100 percent in practical application, that's why every investor should invest at least once to understand the real meaning of investment.  

As an investor invests and researches more about the investment he will gradually learn new things about the investment.

I agree with what you have said so far. Basically, practicing what we have learned is a good idea because, while practicing what we learned, we will gain more knowledge than the oral knowledge that was given to us by the teacher or from what we have read.
( I.e) some female children that really want to learn how to cook good meals for their parents always look at their mother or their chef while he/she is cooking, but without the female child practicing what she sees, she can not have good experience of cooking, so the child must practice it first before she can be perfect in it.

Coherently to Bitcoin, if there is no practice, then there is also no good knowledge. (I believe this statement), like most of us might have already heard that knowledge is the key, but practice makes perfect, I underlined that statement because it is very important. It's very important because it's true. Without practice, knowledge will be a very big trash.
These are some of the reasons why, while we are attending high school, some lecturers do give us an assignment so that students can practice what they have learned so far. So, without practicing what we have learned, we can easily forget about it, more especially for those that do forget things easily.

[Learn Bitcoin]

It is true, without large capital, the long-term profits that can be obtained are very small, but every Bitcoin investor must have broad insight into Bitcoin, especially now that there are quite a lot of fraudsters who are aggressively tempting investors to join them, with good insight. regarding bitcoin, the possibility of you being deceived is very small, especially for long-term holders who are planning to sell in the next few years,

Isn't it better to invest in where the risk is minimal or no risk? I care about profit, but that does not really mean I will take risks for my hard-earned money. It's easy to create a token, or coin by spending a couple of hundred dollars and running some promotions. If you check coinmarketcap, there are 1.8 Million cryptos (Shitcoins). How many of them were listed on exchanges and how many tokens/coins name you can remember? Those are centralized pump and dump coins. Most of the developers run away with investors money while Bitcoin is safe if you compare it. It's better to have little profit than losing your entire investment.

[Fara Chan]

This is not true. While investing in Bitcoin is one way to apply your knowledge and possibly gain financial benefits, it doesn't define the completeness of your understanding of Bitcoin. Bitcoin is more than just an investment. I mean, it has broader significance, including; ownership, transparency, security, and more. Many people even study Bitcoin for just educational purposes, to understand blockchain technology, or simply to stay informed about digital finance. Let's stop forgetting that Bitcoin's value goes beyond financial gains.

Apart from having to remember some of the things you have mentioned, I think financial benefits also need not be forgotten because this is also part of Bitcoin's completeness with very clear evidence that Bitcoin can indeed provide financial benefits to everyone who has believed in it for a long time.

So studying Bitcoin by including some of these things is indeed very good and also very comprehensive, but financial benefits are also important to learn because this will make everything else worth learning for everyone. If there is no financial benefit in it, why do we learn all these things by using more time that could also be used for other more useful things?

[flyingcarpet]

It is true, without large capital, the long-term profits that can be obtained are very small, but every Bitcoin investor must have broad insight into Bitcoin, especially now that there are quite a lot of fraudsters who are aggressively tempting investors to join them, with good insight. regarding bitcoin, the possibility of you being deceived is very small, especially for long-term holders who are planning to sell in the next few years,

Isn't it better to invest in where the risk is minimal or no risk? I care about profit, but that does not really mean I will take risks for my hard-earned money. It's easy to create a token, or coin by spending a couple of hundred dollars and running some promotions. If you check coinmarketcap, there are 1.8 Million cryptos (Shitcoins). How many of them were listed on exchanges and how many tokens/coins name you can remember? Those are centralized pump and dump coins. Most of the developers run away with investors money while Bitcoin is safe if you compare it. It's better to have little profit than losing your entire investment.

Bitcoin is a cryptocurrency that has proven itself successful. Every investor wants to make a profit. One of the factors that determines risk in investment is that the amount of profit varies depending on the investment. Therefore, Bitcoin investment may not bring much profit, but it will not cause losses in the long run. I can't say this for other coins.

Wherever there is risk, there is also the height of the snow. That's why some investors aim to make high profits by choosing high-risk coins alongside Bitcoin, but they usually end up failing. That's why I think Bitcoin should be the first investment choice.

[BABY SHOES]

This kind of thing depends on how you go about it because I think at the end of the day it's also about consistency.
If we make an investment with a small nominal, for example $5, it will definitely be small if in the end you only do it once but when this is accompanied by consistency where doing $5 repeatedly maybe every 1 or 2 weeks the results will still be more than expected.
Therefore, we must know what we should do with the investment made and what strategy we will take when investing.
For the problem of being deceived in bitcoin, this depends on the thoroughness carried out because if you look at the current conditions sometimes the problems that occur in bitcoin are complex and if we are not observant and careful then you could be exposed to fraud or even get problems from hackers or others, therefore we must be careful to keep what we have, especially with the security problems of the wallets we have.

The matter of consistency is indeed very important in investment, if you don't pay attention to this, our investment will be more perforated in the sense that you invest less because you don't think about it anymore.
No matter how little we put in bitcoin if it is done consistently every week even if it is only $5 it will still be great if in a period of 5 years, we invest do not bear the matter of time even if it is long you will produce better than short term so it is very important to invest more than 5 years in bitcoin.

Must have a strategy in investing, if not then of course there will be obstacles, if it is suitable for the DCA strategy as the right investment then do it as long as you are consistent.

Fraud in bitcoin? You should not be influenced if someone offers an investment of so many BTC and then gets double in a few days it is clearly a ponzi scheme and must be far away, if the beginner does not know then he must be informed of this awareness so as not to get trapped.
Regarding other problems such as hacking, losing seed phrases, it must be self-awareness, for example if you store btc in a hotwallet, (electrum) then you must be able to protect your computer from virus attacks to prevent hacking, as much as possible must be able to anticipate and always be vigilant.

[uswa56]

It is true, without large capital, the long-term profits that can be obtained are very small, but every Bitcoin investor must have broad insight into Bitcoin, especially now that there are quite a lot of fraudsters who are aggressively tempting investors to join them, with good insight. regarding bitcoin, the possibility of you being deceived is very small, especially for long-term holders who are planning to sell in the next few years,

Isn't it better to invest in where the risk is minimal or no risk? I care about profit, but that does not really mean I will take risks for my hard-earned money. It's easy to create a token, or coin by spending a couple of hundred dollars and running some promotions. If you check coinmarketcap, there are 1.8 Million cryptos (Shitcoins). How many of them were listed on exchanges and how many tokens/coins name you can remember? Those are centralized pump and dump coins. Most of the developers run away with investors money while Bitcoin is safe if you compare it. It's better to have little profit than losing your entire investment.

Every risk we will face will certainly be proportional to the benefits we will get, so it is very important that we understand it well in order to reduce risks or avoid risks that we may not want. Every person has different ways of getting profits from the investments they make and of course they have a good understanding of the risks they get which will be proportional to the profits they get so if they are brave enough to face the risk of loss they will face, of course they understand how to do it to be able to face the risks they will get.

[Odohu]

Practical knowledge of each subject is very necessary. If you don't have practical knowledge then your verbal knowledge will not be of much use. If everything was based on verbal knowledge or concepts, people would not be so focused on practical work.  

This reminds me so much of my academics years as an Engjneer. We had theoretical classes and practical classes to put to practice the theories we learnt. The theory forms the basis and gives life to the practical, the later being what people actually see. This can be likened to knowledge of Bitcoin and investment in it. While the knowledge is the theory, investing and holding Bitcoin is the practical... both goes together. But the investment is what people actually see, it is like the result of the knowledge. 

If you are so knowledgeable about Bitcoin yet you don't own Bitcoin, I doubt if there is anyone that will take you serious when discussing Bitcoin. Instead those who actually own Bitcoin will be treated as authority in that field and given listening ears when they speak.

As an investor invests and researches more about the investment he will gradually learn new things about the investment.

This is another aspect of this I just realised. There is a popular saying that "where your money is where your mind is", this means those who are invested in Bitcoin will take the knowledge aspect seriously than those who are not. By this I mean, one tend to seek for more knowledge in a business he has committed his finances to.

The knowledge of Bitcoin is a continuous one as many new things are still discovered on daily basis. From software wallets, hardware wallets, mining tech and others, the knowledge is evolving and those invested in Bitcoin will not want to be left behind. So, truly, investment in BItcoin is the real proof of the knowledge. 

[Dickiy]

It is true, without large capital, the long-term profits that can be obtained are very small, but every Bitcoin investor must have broad insight into Bitcoin, especially now that there are quite a lot of fraudsters who are aggressively tempting investors to join them, with good insight. regarding bitcoin, the possibility of you being deceived is very small, especially for long-term holders who are planning to sell in the next few years,

Isn't it better to invest in where the risk is minimal or no risk? I care about profit, but that does not really mean I will take risks for my hard-earned money. It's easy to create a token, or coin by spending a couple of hundred dollars and running some promotions. If you check coinmarketcap, there are 1.8 Million cryptos (Shitcoins). How many of them were listed on exchanges and how many tokens/coins name you can remember? Those are centralized pump and dump coins. Most of the developers run away with investors money while Bitcoin is safe if you compare it. It's better to have little profit than losing your entire investment.

Every risk we will face will certainly be proportional to the benefits we will get, so it is very important that we understand it well in order to reduce risks or avoid risks that we may not want. Every person has different ways of getting profits from the investments they make and of course they have a good understanding of the risks they get which will be proportional to the profits they get so if they are brave enough to face the risk of loss they will face, of course they understand how to do it to be able to face the risks they will get.

Of course I believe about that, every risk we take will be directly proportional to the level of profit we will get, but I say that if we do manage to get the benefits, because obviously with a fairly high level of risk it will not be easy for us to get through it. Well that's absolutely right friend, therefore as in general that every time you enter into any field then at least you must have knowledge or a little skill, if indeed you don't have all of that then you can learn slowly and if you are ready and feel enough then you can start your investment. None other than because it is knowledge and knowledge that will lead you to real profits and also do not forget self-control and planning along with good management because only that will be able to minimize your risk of loss.

True, everyone has a different way of investing and their way of making profits and I think it depends on the individual's personality and character. I hope that if you are still a beginner in investing then just allocate a budget that you can be fully responsible for, don't be too greedy, it doesn't matter if the profit is small as long as it is consistent, and if you are able to get through it then you can increase your profit target.

[|MINER|]

Every risk we will face will certainly be proportional to the benefits we will get, so it is very important that we understand it well in order to reduce risks or avoid risks that we may not want. Every person has different ways of getting profits from the investments they make and of course they have a good understanding of the risks they get which will be proportional to the profits they get so if they are brave enough to face the risk of loss they will face, of course they understand how to do it to be able to face the risks they will get.

It is actually true that every person can have different strategy or investment to achieve profit. But to achieve that profit, that person must be capable, it may be his personal investment strategy or trading analysis skills. Moreover, if you see that everyone has a different way to invest, but not everyone is successful in this field, very few people are successful, especially those who invest in altcoins or shitcoins in more case they face loss. Although there is a saying that no risk no gain, the brave are the wise who use their heads to take these risks. What I really mean is that if you want to take a risk, you have to take a risk in the right place, which means it could be Bitcoin.

[arabspaceship123]

I want to share my experience with WeFinancial, a platform that claims to be trustworthy but turned out to be a huge disappointment. I've been a client of WeFinancial, and I've seen how things work from the inside. It's not pretty.

Getting scammed's got to hurt. I'm sure you wouldn't want other ppl getting caught in scams they would've thought are trustworthy so it's helpful if you post in the correct board. I don't know who WeFinancial or what they've done but you've been scammed so you should've posted in scam accusations to help other ppl.

So studying Bitcoin by including some of these things is indeed very good and also very comprehensive, but financial benefits are also important to learn because this will make everything else worth learning for everyone. If there is no financial benefit in it, why do we learn all these things by using more time that could also be used for other more useful things?

Assuming ppl know about how exchanges work studying bitcoin doesn't have to be comprehensive. They've got to know enough about how wallets work so learning about cryptos in general covers it generally.

[Sim_card]

It is true, without large capital, the long-term profits that can be obtained are very small, but every Bitcoin investor must have broad insight into Bitcoin, especially now that there are quite a lot of fraudsters who are aggressively tempting investors to join them, with good insight. regarding bitcoin, the possibility of you being deceived is very small, especially for long-term holders who are planning to sell in the next few years,

Isn't it better to invest in where the risk is minimal or no risk? I care about profit, but that does not really mean I will take risks for my hard-earned money. It's easy to create a token, or coin by spending a couple of hundred dollars and running some promotions. If you check coinmarketcap, there are 1.8 Million cryptos (Shitcoins). How many of them were listed on exchanges and how many tokens/coins name you can remember? Those are centralized pump and dump coins. Most of the developers run away with investors money while Bitcoin is safe if you compare it. It's better to have little profit than losing your entire investment.

Every risk we will face will certainly be proportional to the benefits we will get, so it is very important that we understand it well in order to reduce risks or avoid risks that we may not want. Every person has different ways of getting profits from the investments they make and of course they have a good understanding of the risks they get which will be proportional to the profits they get so if they are brave enough to face the risk of loss they will face, of course they understand how to do it to be able to face the risks they will get.

Of course I believe about that, every risk we take will be directly proportional to the level of profit we will get, but I say that if we do manage to get the benefits, because obviously with a fairly high level of risk it will not be easy for us to get through it. Well that's absolutely right friend, therefore as in general that every time you enter into any field then at least you must have knowledge or a little skill, if indeed you don't have all of that then you can learn slowly and if you are ready and feel enough then you can start your investment. None other than because it is knowledge and knowledge that will lead you to real profits and also do not forget self-control and planning along with good management because only that will be able to minimize your risk of loss.

True, everyone has a different way of investing and their way of making profits and I think it depends on the individual's personality and character. I hope that if you are still a beginner in investing then just allocate a budget that you can be fully responsible for, don't be too greedy, it doesn't matter if the profit is small as long as it is consistent, and if you are able to get through it then you can increase your profit target.

One of the basic knowledge of bitcoin is that you should only invest with the amount that you can afford to lose to save you from any risk as a newbie. To go into bitcoin investment it needs little knowledge because all you need to do is to buy first hodling and continue buying gradually with DCA method, and I don't think that there is any risk in just hodling and increasing your bitcoin, when you are using a self custody wallet. Along the line of hodling, you can jeep improving your knowledge on your bitcoin investment to have a broad understanding. Imagine that you are mechanical engineer and you want to know all the theory in you head before you go into practice, this will be a big blunder because theory can easily be forgotten. Mechanical engineer will learn better on his field when he does more of pratical than theory. This is the same thing that I see with bitcoin investment. Just the way the car is to complicated for one mechanic to fix all of it, because there are various angles in a car. We have the engine repair, the electrical side in a car and even the panel beater that amend the body of the car when it bashes in an accident. This is similar with bitcoin in its complexity to study it.

[Ryu_Ar1]

This kind of thing depends on how you go about it because I think at the end of the day it's also about consistency.
If we make an investment with a small nominal, for example $5, it will definitely be small if in the end you only do it once but when this is accompanied by consistency where doing $5 repeatedly maybe every 1 or 2 weeks the results will still be more than expected.
Therefore, we must know what we should do with the investment made and what strategy we will take when investing.
For the problem of being deceived in bitcoin, this depends on the thoroughness carried out because if you look at the current conditions sometimes the problems that occur in bitcoin are complex and if we are not observant and careful then you could be exposed to fraud or even get problems from hackers or others, therefore we must be careful to keep what we have, especially with the security problems of the wallets we have.

The matter of consistency is indeed very important in investment, if you don't pay attention to this, our investment will be more perforated in the sense that you invest less because you don't think about it anymore.
No matter how little we put in bitcoin if it is done consistently every week even if it is only $5 it will still be great if in a period of 5 years, we invest do not bear the matter of time even if it is long you will produce better than short term so it is very important to invest more than 5 years in bitcoin.

Must have a strategy in investing, if not then of course there will be obstacles, if it is suitable for the DCA strategy as the right investment then do it as long as you are consistent.

Fraud in bitcoin? You should not be influenced if someone offers an investment of so many BTC and then gets double in a few days it is clearly a ponzi scheme and must be far away, if the beginner does not know then he must be informed of this awareness so as not to get trapped.
Regarding other problems such as hacking, losing seed phrases, it must be self-awareness, for example if you store btc in a hotwallet, (electrum) then you must be able to protect your computer from virus attacks to prevent hacking, as much as possible must be able to anticipate and always be vigilant.

Because in this case we have to pay attention in terms of our quality and quantity as well.
Indeed we will lose in terms of quantity (the total amount invested) but when we try to be consistent then our quality will be a little guaranteed because there is a saying that was always taught when I was in school where it says "little by little then the longer it will become a hill" this seems to be commonplace when the quantity of buying bitcoin with a large amount but only once. It will definitely be profitable but on the other hand when we don't have a lot of money to invest then we have to measure our financial management well so that the needs we have to support our daily needs are not lacking but on the other hand we are able to invest so that we use the quality of consistency that we can do.
Indeed, the profit from buying around $5/$10 will definitely be very small if we only do it with quality but with consistency then it will definitely be better.
Regardless of how much profit we receive it is the result of what we invest and that is a matter for later because IMO when we only rely on large profits it must also start from the smallest first because it will be very useless if we only strive for the big but will make ourselves miserable because it is only self-imposed.
The problem of fraud is actually that it will definitely happen anywhere and anytime because when something exists and is profitable there will definitely be something like this but that does not mean that we also have to avoid this process because in the end we must be aware that in the end it can also be minimised if we do not ignore the steps that must be considered.
The point is that in any case our thoroughness will definitely be tested so that once we are careless and do stupid things then surely this will have an impact on ourselves.

[Yamifoud]

Every risk we will face will certainly be proportional to the benefits we will get, so it is very important that we understand it well in order to reduce risks or avoid risks that we may not want. Every person has different ways of getting profits from the investments they make and of course they have a good understanding of the risks they get which will be proportional to the profits they get so if they are brave enough to face the risk of loss they will face, of course they understand how to do it to be able to face the risks they will get.

It is actually true that every person can have different strategy or investment to achieve profit. But to achieve that profit, that person must be capable, it may be his personal investment strategy or trading analysis skills. Moreover, if you see that everyone has a different way to invest, but not everyone is successful in this field, very few people are successful, especially those who invest in altcoins or shitcoins in more case they face loss. Although there is a saying that no risk no gain, the brave are the wise who use their heads to take these risks. What I really mean is that if you want to take a risk, you have to take a risk in the right place, which means it could be Bitcoin.

Well, the smart investors win. Investing in crypto is not all about money, it is not all about having a huge investment but in order to make a profit, we should be smart enough to deal with the volatility of the market and of course, be strategic. Choosing the right investment, and the right coins seems very important which is why we should be knowledgeable enough and know what is crypto before investing. It was not too risky as we thought unless we didn't know what we were doing.

[dunfida]

Every risk we will face will certainly be proportional to the benefits we will get, so it is very important that we understand it well in order to reduce risks or avoid risks that we may not want. Every person has different ways of getting profits from the investments they make and of course they have a good understanding of the risks they get which will be proportional to the profits they get so if they are brave enough to face the risk of loss they will face, of course they understand how to do it to be able to face the risks they will get.

It is actually true that every person can have different strategy or investment to achieve profit. But to achieve that profit, that person must be capable, it may be his personal investment strategy or trading analysis skills. Moreover, if you see that everyone has a different way to invest, but not everyone is successful in this field, very few people are successful, especially those who invest in altcoins or shitcoins in more case they face loss. Although there is a saying that no risk no gain, the brave are the wise who use their heads to take these risks. What I really mean is that if you want to take a risk, you have to take a risk in the right place, which means it could be Bitcoin.

Well, the smart investors win. Investing in crypto is not all about money, it is not all about having a huge investment but in order to make a profit, we should be smart enough to deal with the volatility of the market and of course, be strategic. Choosing the right investment, and the right coins seems very important which is why we should be knowledgeable enough and know what is crypto before investing. It was not too risky as we thought unless we didn't know what we were doing.

Not always win because know that in investment world then not all would really be that successful on which means that if you are really that taking up the risks on planning to earn money via investment then you would really be needing to deal with the risks involved with it. You cant really be just having that safe play on making investment but doesnt have accompanied risks? Its not investment at all but rather you've been dealing with a scam.Dealing up with this market and buying up coins or projects then we know that assurances cant really be that applied even if you do stick into those established projects but still it does have risks on losing your investment or a portion of it.

There are really that moments in life or situations on which it is really not something that you could really be able to deal with since you are really that having no capabilities on taking some investment due to lack
of money or fund and this what makes it hard to mind on and if it turns out to be profitable then you would really be having that kind of regret which you cant easily forget. You would really be telling that
what if you had just made out such investment then you might be able to make money now.This is why it would really be that a matter of risks taking if we do speak about making money
which you should need to act.

[arabspaceship123]

I'd ask if you needed to be knowledgeable to be successful. Isn't it possible you'd be capable of investing in Bitcoin successfully if you didn't know everything about how it work. What you know about blockchains, forks & fees shouldn't stop you on how to make max profits but risks will remain.

Choosing the right investment, and the right coins seems very important which is why we should be knowledgeable enough and know what is crypto before investing. It was not too risky as we thought unless we didn't know what we were doing.

[Ruttoshi]

I'd ask if you needed to be knowledgeable to be successful. Isn't it possible you'd be capable of investing in Bitcoin successfully if you didn't know everything about how it work. What you know about blockchains, forks & fees shouldn't stop you on how to make max profits but risks will remain.

Choosing the right investment, and the right coins seems very important which is why we should be knowledgeable enough and know what is crypto before investing. It was not too risky as we thought unless we didn't know what we were doing.

Life is all about risk and that is how every investment comes with her own risk. Most times when we put the risk associated with an investment in our minds when venturing into it, this will make us careful with the investment and learn about the risk management in that investment so that one can be successful in it.

This is the same thing with bitcoin, you don't need to know everything on bitcoin before you invest. Rather you should know the basics and then buy bitcoin and Hodli. This is where anyone that want to be successful in his bitcoin journey will ask about the risk management, which is invest in a long term. I believe that is the only way to manage risk in bitcoin investment, because when you are in a long term investment, you can accumulate frequently, and also learn more on any angle of bitcoin that is of your interest or better still majority knowledge on bitcoin.

It is simple as this, know the basics and how to less the risk in your bitcoin investment, which boils down to invest in a long term, and have emergency funds and on reserve, so that you don't sell your bitcoin when it is not of your will. In bitcoin journey, experience plays a major role on accumulating and hodli to be successful.

Altcoins will be a big mistake for anyone that wants to  invest and continue learning about it, because it can't be a long term investment, and it will also be a waste of time and resources to do that. Only bitcoin can be used for such because it has come to stay.

[rachael9385]

I'd ask if you needed to be knowledgeable to be successful. Isn't it possible you'd be capable of investing in Bitcoin successfully if you didn't know everything about how it work. What you know about blockchains, forks & fees shouldn't stop you on how to make max profits but risks will remain.

Choosing the right investment, and the right coins seems very important which is why we should be knowledgeable enough and know what is crypto before investing. It was not too risky as we thought unless we didn't know what we were doing.

Life is all about risk and that is how every investment comes with her own risk. Most times when we put the risk associated with an investment in our minds when venturing into it, this will make us careful with the investment and learn about the risk management in that investment so that one can be successful in it.

You are correct, life is a risk just like how we sleep at night hoping to wake up the next morning without any assurance. The same thing is applicable to investments. We can't conclude how the investment will go (if it will benefit us or not) but we just do it hoping for positive returns. Although every investment is not the same, all of them still have risk. That's why we must learn how to manage risk so that we can also control our emotions when we might run lose from investments.

This is the same thing with bitcoin, you don't need to know everything on bitcoin before you invest. Rather you should know the basics and then buy bitcoin and Hodli. This is where anyone that want to be successful in his bitcoin journey will ask about the risk management, which is invest in a long term. I believe that is the only way to manage risk in bitcoin investment, because when you are in a long term investment, you can accumulate frequently, and also learn more on any angle of bitcoin that is of your interest or better still majoThis is a good point, altcoins are not to be trusted no matter how it pumps, I believe that altcoins have a life spam, that if the comes they will all fail the their investors, the period an altcoins investor will proffer to an altcoins is a total waste as you said, bitcoin is a good store of value and it comes to stay as you already said, one other things I like from Bitcoin is that it doesn't requires enough energy and knowledge to invest in it.rity knowledge on bitcoin.

Apparently correct, we don't need all the knowledge before we can invest in Bitcoin, we need just a little knowledge to carry out the investment plans. It depends on them. I do believe that the profits that we are hoping to get from Bitcoin investment depend on the amount of time and how frequently an investor keeps accumulating.

The long-term investment gives us the opportunity to accumulate more Bitcoin. Those that invest for a short period do not accumulate Bitcoin compared to long-term investors.

It is simple as this, know the basics and how to less the risk in your bitcoin investment, which boils down to invest in a long term, and have emergency funds and on reserve, so that you don't sell your bitcoin when it is not of your will. In bitcoin journey, experience plays a major role on accumulating and hodli to be successful.

Keeping emergency funds separate from Bitcoin is a very good idea, but some people fail to understand that idea.

Using emergency funds to invest in Bitcoin is not an investment. I don't call it an investment, because one can easily sell his/her coins just because he/she might not have money to sort out some issues at hand. That's why the DCA method is one of the best in terms of accumulating bitcoin. With the DCA method, an investor can constantly buy the little he/she can afford without any entanglement (like being stuck in the middle of nowhere). With the DCA method, an investor who's ready to own some good amount of Bitcoin will try to reduce the amount of expenses he/she makes in a month or week so that he/she can get the money to buy some Bitcoin without any complications.

Altcoins will be a big mistake for anyone that wants to  invest and continue learning about it, because it can't be a long term investment, and it will also be a waste of time and resources to do that. Only bitcoin can be used for such because it has come to stay.

This is a good point. Altcoins are not to be trusted, no matter how they pump. I believe that altcoins have one life spam, that if the time comes they will all fail their investors. The altcoins investor proffer altcoins is a total waste. As you said, bitcoin is a good store of value and it comes to stay as you already said. One other thing I like about Bitcoin is that it doesn't require enough energy and knowledge to invest in it.

[Bd officer]

OP you are right that knowledge in bitcoin is not complete without investing in bitcoin. If we want to do any work, first of all we need to gain knowledge about that work. Now I have acquired the knowledge to do business. For example, how to purchase goods? How to sell goods? I cannot do business easily if I am not shown practically in that regard. On the other hand, if we look at Bitcoin, we see the same phenomenon. On the other hand what is the use of gaining knowledge in Bitcoin if you don't invest in Bitcoin. Now if I have gained knowledge about Bitcoin in all aspects. For example, how to invest, how to save in wallet, etc. now how do I know that my knowledge about Bitcoin is complete? So I need to invest in Bitcoin to gain complete knowledge in Bitcoin. But beginners should invest small amounts. Of course everyone stay away from altcoins, choose Bitcoin.

[Subbir]

OP you are right that knowledge in bitcoin is not complete without investing in bitcoin. If we want to do any work, first of all we need to gain knowledge about that work. Now I have acquired the knowledge to do business. For example, how to purchase goods? How to sell goods? I cannot do business easily if I am not shown practically in that regard. On the other hand, if we look at Bitcoin, we see the same phenomenon. On the other hand what is the use of gaining knowledge in Bitcoin if you don't invest in Bitcoin. Now if I have gained knowledge about Bitcoin in all aspects. For example, how to invest, how to save in wallet, etc. now how do I know that my knowledge about Bitcoin is complete? So I need to invest in Bitcoin to gain complete knowledge in Bitcoin. But beginners should invest small amounts. Of course everyone stay away from altcoins, choose Bitcoin.

I agree with you that one will not understand anything about bitcoin or fully master bitcoin technology without buying bitcoins and only learning. So I think to gain full idea about Bitcoin or to gain knowledge you need to invest in Bitcoin otherwise it is not possible to gain full knowledge about Bitcoin.And finally, I think you must ensure your own security before you can be considered a bitcoin bitcoinist.

[Blitzboy]

I'd ask if you needed to be knowledgeable to be successful. Isn't it possible you'd be capable of investing in Bitcoin successfully if you didn't know everything about how it work. What you know about blockchains, forks & fees shouldn't stop you on how to make max profits but risks will remain.

Choosing the right investment, and the right coins seems very important which is why we should be knowledgeable enough and know what is crypto before investing. It was not too risky as we thought unless we didn't know what we were doing.

Life is all about risk and that is how every investment comes with her own risk. Most times when we put the risk associated with an investment in our minds when venturing into it, this will make us careful with the investment and learn about the risk management in that investment so that one can be successful in it.

This is the same thing with bitcoin, you don't need to know everything on bitcoin before you invest. Rather you should know the basics and then buy bitcoin and Hodli. This is where anyone that want to be successful in his bitcoin journey will ask about the risk management, which is invest in a long term. I believe that is the only way to manage risk in bitcoin investment, because when you are in a long term investment, you can accumulate frequently, and also learn more on any angle of bitcoin that is of your interest or better still majority knowledge on bitcoin.

It is simple as this, know the basics and how to less the risk in your bitcoin investment, which boils down to invest in a long term, and have emergency funds and on reserve, so that you don't sell your bitcoin when it is not of your will. In bitcoin journey, experience plays a major role on accumulating and hodli to be successful.

Altcoins will be a big mistake for anyone that wants to  invest and continue learning about it, because it can't be a long term investment, and it will also be a waste of time and resources to do that. Only bitcoin can be used for such because it has come to stay.

There is a lot of risk. Its what makes investments, right? If you jump into bitcoin without thinking about the risks, its like jumping into deep water without knowing how the depth work. Not only is it important to know the basics of Bitcoin investing, it's also necessary to stay alive in the crypto jungle. You dont have to know every little thing, but you should have a basic understanding. Required without a doubt.

However, your insistence on the singularity of Bitcoin's dominance over altcoins is... interesting. Every purchase, every coin, has its own risks and prospects. Some altcoins may not have the same long-term image as Bitcoin, but it seems short-sighted to completely ignore them. A golden rule for investing is to spread your money around. This is especially true in the world of crypto, where putting all your coins, or eggs, in one box might not always be the smartest thing to do. Yes, experience is important, but so is the ability to change and adapt.