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Author Topic: Bitcoin kwoledge is not complete without bitcoin investment  (Read 3261 times)
Hatchy
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November 07, 2023, 04:00:57 PM
 #421

You seem to be missing the point. Being aware of Bitcoin, which is usually the first step, does not mean you have sound knowledge. And having sound knowledge requires you at least own some Bitcoin. You cannot claim to have sound knowledge when you have not had the feeling of being invested in Bitcoin, the knowledge will be incomplete which is what the caption of this thread said.
Let  me use some tips on how to protect one's wallet as an example. Assuming you are a supposed expert in wallet security but you do not have some Bitcoin to test your knowledge, how do you know that your security features are actually effective? I think having Bitcoin is truly what makes the knowledge complete.
For the first time, a person comes across Bitcoin they barely have any idea about what it is. Most of the time, when they become aware of what Bitcoin holds and how much profits they can make from it, they are forced to learn more about Bitcoin. During this period the are accumulating alot of knowledge of how it works, how to store and how to carry out transaction using the blockchain.but all these cannot be fully understood if they don't practice. The moment they make their first transaction and finally buy some Bitcoin, they gain complete practical knowledge of all what they've learnt over time. This I will term a sound knowledge.

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Su-asa
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November 07, 2023, 04:06:41 PM
 #422

Yeah, there is no way you can teach someone what you don't practice,  this is a very important point to note before venturing into Bitcoin or any other investments,  this way you have a good understanding of their investment in the long run,  because at some point,  you as the teacher have to get a result to show your mentees...

Bitcoin has a unique advantage,  and that is, the ability for anyone to hold Bitcoin easily and fast,  with a secured wallet balance,  or that,  you can first buy Bitcoin and hold it in your wallet then after go after the knowledge process.
If we don't have results from the investments we make then the people we will teach will not easily believe what we teach, so it would be better for us not to teach other people before we have good knowledge about the investments we make and have also had results from them. the investment we make, you are right, everyone can of course learn Bitcoin because if we have capital then we can buy and store it and must store it well in the wallet you use.
There are things people don't have to see before they believe, in Bitcoin investment only the way people are talking about Bitcoin one can easily believe or imagine how it can work out fir them, although, I have seen some good people that have benefit from Bitcoin investment or even Bitcoin trading, however I am not a Bitcoin trader or even have a good feelings about trading but am just trying to say that Bitcoin can speak for it self when someone have interest in it.

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November 08, 2023, 10:32:47 AM
 #423

That is truth, having a Bitcoin knowledge without investing towards it is total west of time, because profits come from the capital you enroll with and can bear with me Bitcoin is a sure business one can do without paying task or shop rent for a long period of time and still give unbelievable profits from the initial expectation. Therefore is good to have the knowledge and take action by investing on Bitcoin.

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