Why knowledge alone is not enough in crypto.

[Pandorak]

I agree that knowledge and action are equally important, they are inseparable. If we only have knowledge without doing anything, it is the same as nonsense because we will not get anything, if only theory.

Likewise with action, if action is not accompanied by knowledge and experience it will be like walking in the forest without knowing the direction, only relying on instinct and courage, this is the same as killing yourself slowly.

Another thing is to never borrow money to invest, this will only ruin everything, plus borrowing in the short term. This will only force us to take greater risks than long-term investors.

[Cityhunter34]

Actually knowledge without action in this crypto space is totally nothing, because what most people are suffering today in their Bitcoin investment is lack of not utilizing their basic knowledge very well. And also experience is very necessary for us to get first before venturing into Bitcoin investment, that's why knowledge alone is not a enough. It is good when you have knowledge you make use of it rather than having it without applying.

[Altryist]

 Actually, this applies not only to crypto, it applies to any sphere, only theory will not be enough, I consider theoretical knowledge to be knowledge, which without practice, that is, without practical experience, is ineffective. You can read all the books you can find about success and wealth, but if you do not start doing anything, you will not be able to achieve anything. Sometimes it even happens that people without a full education start working earlier and achieve great success, because they understand these principles in practice, which is very important.

[Awaklara]

Actually knowledge without action in this crypto space is totally nothing, because what most people are suffering today in their Bitcoin investment is lack of not utilizing their basic knowledge very well. And also experience is very necessary for us to get first before venturing into Bitcoin investment, that's why knowledge alone is not a enough. It is good when you have knowledge you make use of it rather than having it without applying.

actually, it all depends on the desires and interests of each person. not everyone who is interested in Bitcoin or crypto has plans to invest. maybe their interest is in using the technology. having a little Bitcoin or other crypto will be simple and not intended for investment plans.
if you want to make money from Bitcoin investment, of course besides having knowledge you must also invest funds. related to the process of making money, it all depends on the knowledge and learning of each person which is different.

[Alone055]

1 Crypto knowledge will not make you rich without investing funds or grow your account to join signature campaign to be earning crypto that will make you rich.

It's foolish to consider signature campaigns a stable source of income because they are not, they are nothing more than a bonus that you get for your efforts and participation in the forum discussions, and they don't have a fixed duration, which means that a signature campaign that you are a part of can end next week; what after that?

And, crypto is not a get-rich-quick scheme, so even if you make investments, you shouldn't think getting rich very quickly with it. It can generate profits for you if you do it properly using the capital you have.

2In case the price of crypto is not increasing the way you want it, and you have emergency issues that need funds to solve immediately,  you can sell other things like goats, sheep or farm crops to solve the issues and leave your crypto for future use.

A person is not supposed to invest money that they might need in the near future for an emergency or anything. The money that one should invest in crypto should be the one that they can spare, which means that even if they buy a coin and the market dumps, they wouldn't worry about it no matter how long the market takes to recover.

3In case you lose your seeds phrase or you fall victim to scammers, it will not be the end of your life, we don't pray for bad thing to happen to us, but sometimes we do some mistakes that will make us to fall victim to those things in real life, but if you have other investments, it will make the person not to lose hope in life. Do you think those advices are good for newbies to embrace?

Someone with crypto knowledge shouldn't face such things; if you get scammed, you don't have any knowledge. Simple.

[Callido]

Don't sleep on acquiring any available skill that we are opportune to learn. Skills and knowledge that was acquired 10 years ago can be the ultimate source of income for a person, some of this crypto skills are just temporal and not person should build their future on them, you may not leave them for a life time but there should be a basic physical earning source, in crypto skills there is always time for gains and loses.

Whatever we are enjoying today was all the effort of someone who had the knowledge then utilized it, some persons are scholars in diverse fields but still unable to comfortably activate a potential source for profits, knowledge is important but takes more than that to be successful.

[Hyphen(-)]

Whatever we are enjoying today was all the effort of someone who had the knowledge then utilized it, some persons are scholars in diverse fields but still unable to comfortably activate a potential source for profits, knowledge is important but takes more than that to be successful.

Yes, all these will be achieved if you have good knowledge about what you are about do, but if you don’t have knowledge you can never think in good directions that will lead you to such better circumstances.

However, learning is the best thing you need to have before you start your investment, trading and other crypto related jobs, you need fundamental knowledge and good background in order to be able to make such decisions because if you don’t have good knowledge, you can also lose the money in the process, that is why knowledge is important.

[RockBell]

Actually knowledge without action in this crypto space is totally nothing, because what most people are suffering today in their Bitcoin investment is lack of not utilizing their basic knowledge very well. And also experience is very necessary for us to get first before venturing into Bitcoin investment, that's why knowledge alone is not a enough. It is good when you have knowledge you make use of it rather than having it without applying.

When you want to invest in bitcoin you have to be ready in but knowledge and in money because when you have the knowledge and you don't have money then there is no way it's going to to work because sometimes it's better to have the capital ready then latter you can seek for the knowledge and that is when you will be able to go on with your plan very well because when you have a plan and you don't have money to invest in then you won't have a choice than to eventually just let it go.

And from the process of getting knowledge you should be able to find another means of acquiring money that will be use to invest, because one of the challenges that a lot of people use to face when it comes to bitcoin investment, getting money to startup the investment is usually a problem, and that is why bitcoin is one complicated business to venture into only few people understand the way it works and that is why only few people are making it from the investment.

[Peanutswar]

With the statement in number one with this recent thread tons of projects shows related this is the airdrops, yeah theres an no assurances at the end theres a value but once it has theres a potential you can get income here but again not all projects are the same so take care what you join for. But if you dont want to join this capital is a must now.
In the next statement invest in crypto what you can afford yes crypto can get gains but it can easily lose your money instantly but just having a wrong decision making.  As possible make your self and asset safe. Recently people do anything for the sake of money they click links and join into different platform just to gain access and be part of the project. Stay vigilant in crypto space.

[Judith87403]

You know having the knowledge about crypto investment and as well applying it, of course there's a little bit difference between the both. having the knowledge about crypto investment and without applying definitely it becomes a waste, both the time you spend in learning just to acquire enough knowledge about crypto investment. as long as you didn't apply it, It totally becomes a waste.

 which is why before one will think of having the knowledge about crypto investment first you have to be fully prepared, so that as soon as you finished acquiring the knowledge about crypto investment then you start putting it into practice so as to enable the time wasted when acquiring the knowledge to become useful to us.

[Yucky]

If you're coming into the crypto space, or any space at all, with the mindset of "I just want to make money" and "I'm not interested in the knowledge of this industry," you're already on the wrong foot and open to scammers. The process of knowing how people make the money is acquiring knowledge on it's own.

The funny thing is that there's nothing you're going to venture into be it physical investment, online investment, where knowledge is not required. Getting to know about this platform is knowledge, whether through research or someone sharing the knowledge with you.

Knowledge is not all that is needed to be rich; everyone knows that applying knowledge, putting it to practice, is what gets you your desired result. But you have to seek knowledge first. Know whether you'll be investing in Bitcoin or if you want to invest memecoin or if you want to try out web trade - all this is knowledge, research, information gathering so you can't escape.

Even before you make the money, the knowledge is important I don't think you can skip it. Someone explaining how trading works to you and how to invest in Bitcoin over time you earn is knowledge. When you get the right knowledge and apply it, it will give you money.

[ndutndut]

Getting knowledge is the basis of everything, without it no one should get involved in it to make money. Some people just rely on other people's analysis and signals but at the long run you'd lose if you are not knowledgeable about it. Acquiring knowledge is good but after doing this it shouldn't just end there. Some people learn a lot of things but they end up not applying them, no knowledge is a waste but not being able to apply what you know is a waste of knowledge. After all the years of mastery you must put what you know into goos use otherwise they wouldn't be of any good to you.

That's right. Knowledge is the key to success in crypto because without knowledge you will be blind to the crypto roadmap. People always introduce crypto as an investment to achieve financial freedom in the future, but they never explain that it is very risky. As a result, even lay people often become victims. So if you don't have enough knowledge about crypto, don't try to jump into crypto. Because the name of knowledge in trading itself includes you having to learn to be patient, learn to be disciplined, learn to manage risk, learn to be realistic and learn to analyze the economic situation.

In addition, never underestimate trading, even though the way to run it is easy just by moving your fingers. Because in essence, Trading is a person who sells in a traditional market, you have to analyze the place, analyze the market, analyze product trends, and so on. Therefore, apart from knowledge, you should also not underestimate trading because trading will not be as easy as just moving your fingers if you want to get the expected results.

[Mayor of ogba]

                                 
1 Crypto knowledge will not make you rich without investing funds or grow your account to join signature campaign to be earning crypto that will make you rich.

So if you want to grow your account in the forum, what will help you achieve that? There's no knowledge that is not power. Even if only crypto knowledge will not make someone rich, it is very important to have crypto knowledge when you are investing in altcoins so that you will not end up losing your money immediately after you invest your money in altcoins. The knowledge you gain in crypto will easily help you to carry out research to know if a coin is worth investing in, but if you don't have crypto knowledge, you will be investing blindly, you will depend on people to buy coins because you wouldn't know the right coins to buy, and you will know when to buy a coin and when to sell your coin for profit since you have no knowledge of how the crypto market works.

[Agbamoni]

And also experience is very necessary for us to get first before venturing into Bitcoin investment, that's why knowledge alone is not a enough. It is good when you have knowledge you make use of it rather than having it without applying.

Generally, every knowledge needs application. It doesn't end with just getting the knowledge and then sitting down expecting magic to happen. It doesn't require much effort to make things work after we have good knowledge of something. By just putting it to work a good result can come out of it.

And also experience is very necessary for us to get first before venturing into Bitcoin investment, that's why knowledge alone is not a enough. It is good when you have knowledge you make use of it rather than having it without applying.

When you talk about experience what do you mean? Is it personal experience or other personal stories? Experience from other people's success/failure stories is very important. I don't think it is good to learn from experience because some experience might leave a permanent mark that will make it difficult for us to think about doing what we did anymore. Most person have quit their investment because of the bad experiences they had due to a lack of quality knowledge. You know people still mistake awareness for knowledge? We can be aware of something but don't have quality knowledge of it.

[YUriy1991]

When you talk about experience what do you mean? Is it personal experience or other personal stories? Experience from other people's success/failure stories is very important. I don't think it is good to learn from experience because some experience might leave a permanent mark that will make it difficult for us to think about doing what we did anymore. Most person have quit their investment because of the bad experiences they had due to a lack of quality knowledge. You know people still mistake awareness for knowledge? We can be aware of something but don't have quality knowledge of it.

This is related to losing money and this is the most dominant condition that occurs when someone always fails in trading even though they are experienced, let's say 1 year of trading has been done. But if done carefully and with full calculation, I think there are still better opportunities in the future as long as you are patient and not emotional.

[cryptoaddictchie]

                                 
1 Crypto knowledge will not make you rich without investing funds or grow your account to join signature campaign to be earning crypto that will make you rich.

To join signature campaign? Even you joined a campaign with crypto knowledge you still not getting rich.  A $80 to $100 weekly from sig campaign doesnt make you rich. You make rich on investing on being involved in web3 by means of investing or doing some technical campaign on alts. Yes its possible there, as long as you knew how to do it.

Why you make it sound like joining campaign will change your life or rich? Its just tip of an iceberg mate, theres a lot of ways on how to do it in crypto industry.

[Showlove01]

Greetings my fellow Bitcointalk members and happy Sunday to you all, I brought this topic to advice newbies not to depend alone on crypto knowledge, because there are some people that have the knowledge of crypto but they are still struggle to earn income from crypto, I'm not against the knowledge of crypto, but try to have funds or source of income along side with the crypto knowledge, so that it will be easy for you to grow incomes that will change your life positively in your environment, because the reason why some people are going into a particular forum to achieve knowledge is for them to become great in real life, look for a good job or have something doing that will will be helping you to get some funds you can use to buy crypto if you wish and hold for long term, because that is what will allow the knowledge to generate wealth
  
  Reason why you shouldn't depend alone on crypto knowledge
                                                                  
                                  
1 Crypto knowledge will not make you rich without investing funds or grow your account to join signature campaign to be earning crypto that will make you rich.

2In case the price of crypto is not increasing the way you want it, and you have emergency issues that need funds to solve immediately,  you can sell other things like goats, sheep or farm crops to solve the issues and leave your crypto for future use.

3In case you lose your seeds phrase or you fall victim to scammers, it will not be the end of your life, we don't pray for bad thing to happen to us, but sometimes we do some mistakes that will make us to fall victim to those things in real life, but if you have other investments, it will make the person not to lose hope in life. Do you think those advices are good for newbies to embrace?

Do you know that there are people who graduated with first class in school because they are very brilliant and smart but they are still struggling to survive in life and do you know why they are struggling to survive, it is because they don't know how to apply those theory they have learnt in school to real life situation. However, crypto knowledge is quite different from what I just said but the similarity between them is knowledge, in crypto whether you have knowledge or understand the risk will still be there and perhaps the knowledge you are talking about is how to buy, sell, etc but when it comes to trading there's no knowledge that is enough talk more of to depend on it. Lastly, every investment has there advantage and disadvantage even those business you are talking about sometimes one can experience rubbery and sometimes your crops etc may not grow well, so we should be careful and smart in whatever thing we are doing.

[Alone055]

You make rich on investing on being involved in web3 by means of investing or doing some technical campaign on alts. Yes its possible there, as long as you knew how to do it.

Investments don't always make you rich; it's a luck-based thing, which means that if you are lucky, an asset that you have invested in might blast and give you unimaginable profits. However, it's better to see the reality and get out of daydreams because even altcoins aren't a quick way to get rich that most newbies consider them.

Newbies or other people who hear about traders or investors getting rich or becoming millionaires after investing some money in a meme coin or something need to understand that they are not traders or investors but they are gamblers who gamble with their money on the market by choosing coins by closing their eyes, and the outcome is totally luck-based in such scenarios.

[khiholangkang]

Investment will make you rich if you invest precisely in a good way and run consistently, of course, understanding crypto will get a far greater opportunity in investing in crypto, can enter earlier to a more potential project, if we look deeper with Knowledge is apprehend in Crypto to play well even though not in Bitcoin.

But the big question is how deep the knowledge you have in Crypto because if that knowledge is very deep you get a far greater opportunity especially if you have a group with people who have further knowledge in Crypto.

[Nwada001]

Actually knowledge without action in this crypto space is totally nothing, because what most people are suffering today in their Bitcoin investment is lack of not utilizing their basic knowledge very well. And also experience is very necessary for us to get first before venturing into Bitcoin investment, that's why knowledge alone is not a enough. It is good when you have knowledge you make use of it rather than having it without applying.

You can't gain everything the same day, at the same time. If you equip yourself with a little knowledge about bitcoin that can serve you from the beginning, you can forge into taking action or acquiring a few units of bitcoin, and the more you use the bitcoin to run a few transactions, the more likely you are to learn more things about it. They also say firsthand experiments give better understanding and experience than the ones you just learn from reading and watching videos.