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Author Topic: A waste of time?  (Read 840 times)
Razmirraz
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Today at 03:23:00 PM
 #141

Is it an achievement to have knowledge about Bitcoin but not be able to invest in Bitcoin?

If teaching and spreading news about Bitcoin is all you can do, would you considered yourself a total failure?

A friend is running a business and all he can do is pay bills and eat, he is not in power to do more than this, but having the knowledge about bitcoin is making him to question if he have wasted his time learning about Bitcoin.

Is the only way to be part of this movement is by becoming an investor?
Having knowledge about Bitcoin is indeed very valuable, you have learned about something that can provide great benefits in the future, but not being able to invest in Bitcoin does not mean you have failed. Teaching and spreading the word about Bitcoin is a huge contribution, your actions have helped raise awareness and education about Bitcoin, slowly more people will understand and adopt Bitcoin thanks to your help. You don't need to position yourself as an investor to be part of this very popular technology, your knowledge and contributions are already very valuable such as teaching and spreading the news about Bitcoin.

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Pablo-wood
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Today at 04:22:08 PM
 #142

Having knowledge about Bitcoin is indeed very valuable, you have learned about something that can provide great benefits in the future, but not being able to invest in Bitcoin does not mean you have failed. Teaching and spreading the word about Bitcoin is a huge contribution, your actions have helped raise awareness and education about Bitcoin, slowly more people will understand and adopt Bitcoin thanks to your help. You don't need to position yourself as an investor to be part of this very popular technology, your knowledge and contributions are already very valuable such as teaching and spreading the news about Bitcoin.
Not being able to invest doesn't make one a failure has rightly said. But striving to investment regardless is a positive advantage to a person, it will give anyone that audacity and accuracy when teaching and advocating bitcoin to someone else. The accuracy in information to something we have experience doing is at a higher level compared to one we assume or read somewhere. The more we invest the more we have something positive or negative to talk about and it limits the problem of inaccurate information.

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bangjoe
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Today at 09:30:55 PM
 #143

There is nothing in vain and no waste of time, all forms of knowledge on this earth if we study it and we understand it is a valuable experience and knowledge, just like you study war techniques but you have never fought, you can explain it to other people and those who are fighting, so with bitcoin, if we understand bitcoin from upstream to downstream and its development and the ins and outs of bitcoin then you pass it on to other people and those other people buy bitcoin it can be said that your knowledge is very useful, you are part of the bitcoiner movement in educating people to recognize bitcoin.

Even though it sounds ridiculous when you preach about bitcoin but don't have bitcoin. Grin
Let say everyone that ever invested in bitcoin decide to learn about bitcoin without investing in it. This means bitcoin won't have gotten to were it is today. Having knowledge is good but what we do with it is very essential. Having knowledge about bitcoin without investing in it will only leads to regrets. If we should go back to when bitcoin started there are people that refuse to invest in it even after getting to know about it, most of this people are living in regrets. Investing in bitcoin is beneficial than just having a knowledge about it without investing in it.

If he has a feeling of regret then he will regret it, even if he has that feeling of regretting everything after seeing the growth of bitcoin, however he will become a rich person, but the knowledge I mean is quite sure not about the price, because speaking of the price no one will know at any time and at any time even though he knew about bitcoin when it was first launched, plus the definition available in the past, bitcoin was an alternative currency for transactions in cyberspace, not as an investment asset like now.

vanesha
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Today at 09:50:57 PM
 #144

That's not wrong. Learning solely through theory or influencers is usually less than optimal; it's even a waste of time. Some people choose to dive right in to gain valuable experience and knowledge. However, the risk is the continued loss of assets due to experimentation. They simply need to be serious about trading to gain real experience.

Byebyebtc
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Today at 10:05:25 PM
 #145

Teaching others about Bitcoin is already a big contribution to Bitcoin since you will bring more people to use Bitcoin and adopt its technology/usage.

There’s a lot of different contribution on Bitcoin not only through investing on it.  A simple encouragement or support to Bitcoin that will engage to non Bitcoin holder is already valuable use of your time.

It’s just hard to believe someone preaching and doesn’t follow what he is teaching. It’s like you already have a genie that can give you wealth but you don’t use it.
I think his talking about the person in particular,
Yes other people will benefit from the knowledge, but imagine others making money with the use of your knowledge, but you on the other end isn't making money, your just like a teacher without payment.
So it should be an encouragement to these sets of people to take a bold step and start investing and using the knowledge for their self as well.

Nwada001
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Today at 10:29:24 PM
 #146

That's not wrong. Learning solely through theory or influencers is usually less than optimal; it's even a waste of time. Some people choose to dive right in to gain valuable experience and knowledge. However, the risk is the continued loss of assets due to experimentation. They simply need to be serious about trading to gain real experience.
Every experience matters and counts in crypto, but it's never a compulsory thing to gain trading knowledge as long as all you want to do is buy, hold, and wait for the right time to take profit. The risk associated with such is not having enough knowledge to protect your asset. There is never a risk of losing because of a wrong entry as long as you don't sell under any pressure. Your coin is always secured and has a chance of moving back to whatever value is left due to a price drop.

 
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