It's necessary to re-learn Bitcoin

[dezoel]

In the current situation, no matter how much the price of Bitcoin goes up and down, if you are sure about buying, then you can definitely build a large portfolio. You don't need any false assurances here, if a new person buys Bitcoin regularly and gains comfort and Bitcoin plays a more effective role in the future, then that person will definitely be successful. Because if you build confidence in Bitcoin investment for a long time and buy Bitcoin repeatedly, your Bitcoin price will gradually improve. As a result, the more patience you have, the more you can move yourself towards success in Bitcoin investment.

This is true, if you are willing to keep hold of it then you are going to build a great portfolio and your future will be safe. I understand it's not going to be that easy because sometimes it's low and sometimes it's high, but you can make a lot of profit.

For example everyone dislikes Michael Saylor today, because the price of bitcoin went under what he paid for his, and yet when it was 125k he was the smartest guy in the world to accumulate that much. The same people who think he made a mistake, will think he is very smart when the price reaches 200k per bitcoin.

[MusaMohamed]

This is true, if you are willing to keep hold of it then you are going to build a great portfolio and your future will be safe. I understand it's not going to be that easy because sometimes it's low and sometimes it's high, but you can make a lot of profit.

For example everyone dislikes Michael Saylor today, because the price of bitcoin went under what he paid for his, and yet when it was 125k he was the smartest guy in the world to accumulate that much. The same people who think he made a mistake, will think he is very smart when the price reaches 200k per bitcoin.

Like what will happen with FTX and Sam if their exchange did not bankrupt years ago because years later, their investment got massive profit that is more than enough to pay for their exchange customers.

Life is not about what will happen in the future, firstly people need to live well, while with companies they must survive through any big changes in the world, their nations, and in any market they are participating in or provide products to their users.

Saylor and Strategy have leveraged for their bets in Bitcoin future but the challenge for them is not about Bitcoin future which will be certainly good. It's about how Strategy can stay strong and be well against any market crashes during bear markets, this time or other times in the future. FTX can be a big lesson and a strong warning for Strategy.

[barbara44]

In the current situation, no matter how much the price of Bitcoin goes up and down, if you are sure about buying, then you can definitely build a large portfolio. You don't need any false assurances here, if a new person buys Bitcoin regularly and gains comfort and Bitcoin plays a more effective role in the future, then that person will definitely be successful. Because if you build confidence in Bitcoin investment for a long time and buy Bitcoin repeatedly, your Bitcoin price will gradually improve. As a result, the more patience you have, the more you can move yourself towards success in Bitcoin investment.

That can be true to some extent but I still can't accept the fact that one can keep buying bitcoins regardless the price. If we consider the current situation, markets have already crashed a lot and they might continue to do so even further. This might not be the right time to buy bitcoins if we are ready to hold our sack for some more time. Entry is really crucial in order to decide our future profits. We can't expect good returns if we blindly bought bitcoins at a random price. We need to keep monitoring the charts to find the exact entry level.

For those investing into bitcoins using DCA method, my above opinions won't matter to you. You can keep buying bitcoins at your fixed intervals because at the end, you will anyways average the entry price. DCA can be helpful for newbies who are not always able to identify the exact entry levels.

[MarjorieZimmermanGinger]

This is true, if you are willing to keep hold of it then you are going to build a great portfolio and your future will be safe. I understand it's not going to be that easy because sometimes it's low and sometimes it's high, but you can make a lot of profit.

For example everyone dislikes Michael Saylor today, because the price of bitcoin went under what he paid for his, and yet when it was 125k he was the smartest guy in the world to accumulate that much. The same people who think he made a mistake, will think he is very smart when the price reaches 200k per bitcoin.

Building a good mentality with a proper understanding of investing will make someone more resilient in any situation. Bitcoin can affect a person's psychology if not invested properly and investment ability is greatly influenced by how a person understands the asset at the learning stage. Bitcoin is quite speculative and tends to move rapidly in the opposite direction. Those who don't understand proper investing can panic, leading to people limiting losses and selling their assets in such a panic. This can be a wrong decision because even if the price of Bitcoin drops further, at certain moments, the price will rebound and the key is to be patient.

Similarly some conditions exist where Bitcoin offers sufficient potential for long-term investment, eliminating the need to monitor short-term price movements because the target is to achieve maximum profit at the next ATH. This concept is much safer and less risky for people who are too worried about bitcoin's short-term journey on his journey in the market.

[Dunamisx]

We cannot learn it all in Bitcoin, because this is a continuous process in which we must always maintain and as well achieve as part of our goal to performance, we don't have to be retarded in learning so that we will always improve more in knowledge and do better in what concerns us regarding cryptocurrency and Bitcoin in particular, we also learn so as to get other updates that are coming into space for our privacy and security measures.

[hd49728]

We cannot learn it all in Bitcoin, because this is a continuous process in which we must always maintain and as well achieve as part of our goal to performance, we don't have to be retarded in learning so that we will always improve more in knowledge and do better in what concerns us regarding cryptocurrency and Bitcoin in particular, we also learn so as to get other updates that are coming into space for our privacy and security measures.

Most of us are not Bitcoin developers and don't need to learn too technical about Bitcoin. As users, we need to learn, know and master most fundamentals about Bitcoin for our investment, holding and practice with Bitcoin storage, backups, recovery and transactions.

For technical knowledge, we can take it easy and learn about it in our individual comfortable ways, it's not mandatory. Learning and knowing more is good but it's not a mandate for all Bitcoin investors and users.

Even Bitcoin developers don't know everything about Bitcoin, as there are different levels of developers and there are always something unknown, new to learn, or something to upgrade with our knowledge and skills.

For example with this website, there are pages for learning at different levels.
https://learnmeabitcoin.com/beginners/
https://learnmeabitcoin.com/technical/

[HCLivess]

Bitcoin has evolved. Every single crypto project, altcoin, fork is an evolution that roots itself in Bitcoin. And sometimes even gives back to it.

[Adams0001]

We cannot learn it all in Bitcoin, because this is a continuous process in which we must always maintain and as well achieve as part of our goal to performance, we don't have to be retarded in learning so that we will always improve more in knowledge and do better in what concerns us regarding cryptocurrency and Bitcoin in particular, we also learn so as to get other updates that are coming into space for our privacy and security measures.

We can never learn everything all but we can just try and knows how to run it bitcoin is something that is unpredictable and everyday everything is changing. So if where investing in bitcoin we should just know how we can hold our coin for long term and DCA method is always best option for investors that are really want to invest for long and get the benefit. Bitcoin is not something that we will be rushing on, is gradual process and when you have understood how Bitcoin goes you will be rushing to get profit in it easily you will just wait for your time and just set your target.

[ColdLava40]

Bitcoin has evolved. Every single crypto project, altcoin, fork is an evolution that roots itself in Bitcoin. And sometimes even gives back to it.

All Bitcoin forks still didn't live up to bitcoin standard which makes Bitcoin still the best. They might have the same code but there are nothing like it.

We can never learn everything all but we can just try and knows how to run it bitcoin is something that is unpredictable and everyday everything is changing. So if where investing in bitcoin we should just know how we can hold our coin for long term and DCA method is always best option for investors that are really want to invest for long and get the benefit. Bitcoin is not something that we will be rushing on, is gradual process and when you have understood how Bitcoin goes you will be rushing to get profit in it easily you will just wait for your time and just set your target.

Those are just the basic knowledge everyone should be able to know. Knowing how to hodl, how to survive the markets pressure and how to invest more when every other person is doing exactly the opposite.

The knowledge is all a gradual process, you don't need to rush it. The more you get familiar with Bitcoin, the more you get exposes to every other aspect concerning Bitcoin technology.

[snowpega]

I would rather say keep and maintain a continuous learning process with bitcoin, which everyone is supposed to do. Re learning sounds a bit awkward as you don't relearn something you already know, you only add more knowledge to it and if there's some old knowledge that no longer work or is invalid, you simply learn and get updated. Indeed bitcoin technology is advancing everyday by day. So many changes takes place as to how we store our coins, different wallet features keeps getting advanced keeping our funds safe, all thanks to the developers who work effortlessly to keep things going.. like I said, you should use the right terms so you don't get people confused or make your post title a bit complicated.

You are very correct at this point. We should always keep ourselves in the learning stage and keep learning more and more. Because knowledge is just like a sea, and I believe that the one who claims that he has a lot of knowledge, then he is just like a sparrow, he just sips a little drop from the water of the sea, and the rest is still there to drink. I mean, the rest of the water is like the knowledge we still need to learn. We should always keep looking for more and more knowledge. Because knowledge can be helpful in many aspects of life that can help us to fight or tackle many problems of life. Well, I have shared my point of view on this. What do you think about this? CMIIW!

[Myleschetty]

Unless you're talking about beginners who are currently learning the fundamentals of Bitcoin, transactions, etc., I don't think it's necessary to re-learn. However, those who are already well-versed in Bitcoin only need to be familiar with its technological advancements, as new developments are introduced at some point.

Bitcoin has evolved. Every single crypto project, altcoin, fork is an evolution that roots itself in Bitcoin. And sometimes even gives back to it.

All Bitcoin forks still didn't live up to bitcoin standard which makes Bitcoin still the best. They might have the same code but there are nothing like it.

Technologically. No Bitcoin fork has the exact same code as Bitcoin. What they did was copy/imitate the BTC concept and edit it.

[Achalugo BTC]

Those are just the basic knowledge everyone should be able to know. Knowing how to hodl, how to survive the markets pressure and how to invest more when every other person is doing exactly the opposite.

The knowledge is all a gradual process, you don't need to rush it. The more you get familiar with Bitcoin, the more you get exposes to every other aspect concerning Bitcoin technology.

Exactly, learning basic knowledge about Bitcoin really helps and supports one alot, without the right knowledge about how to follow the rules of Bitcoin, one will find it hard to handle the market pressure, as they might lose control. So, the idea of taking the right steps helps them to be able to navigate through challenges in life, those who have achieved their milestone understand what it takes and also follow the right rules in doing the right thing to ensure that their effort is not wasted.

[fuguebtc]

We cannot learn it all in Bitcoin, because this is a continuous process in which we must always maintain and as well achieve as part of our goal to performance, we don't have to be retarded in learning so that we will always improve more in knowledge and do better in what concerns us regarding cryptocurrency and Bitcoin in particular, we also learn so as to get other updates that are coming into space for our privacy and security measures.

Bitcoin is not just an investment or a store of value. It is also a decentralized monetary system built on blockchain. It could be said that Bitcoin is a combination of finance, technology, and economic. Therefore, learning and understanding all aspect of it is not easy at all.

However, since our goal is simply to profit from it,  digging deep into the technical side of Bitcoin is not necessary. Instead,  we need to understand the core philosophy, market cycle, price behavior and macroeconomic factor that can affect price.


In addition,  we should also learn how to protect our  Bitcoin, as you mentioned. In my opinion, that is more than enough.

[tread93]

In the academic world, researchers prefer to cite current findings or academic works. The reason is that knowledge is ever dynamic. What you think is correct now might have changed in a few years. I remember that my supervisor requested that my reference shouldn't be more than five years old.

The same thing applies to the Bitcoin space; things keep changing because there are discoveries. Some wallets were recommended a few years ago that have become risky to use. Criminals are also devising new ways to steal assets. The community is has also developed new ways to counter these threats. This is why following a forum like this one is an advantage.

I couldn't agree with you more! You have the passive bitcoin investors who thought that they had everything figured out years ago when come to find out that the cold storage wallet provider is ledger and they have a copy of their keys and their wallet could be REKT at any moments notice lmao. Freaking a thought I can't believe the shit ledger pulled year ago now. People still trust them? I am baffled. Use anyone but them lmfao JK DYOR~~!

[Mahiyammahi]

I think not that old, nothing much has changed since 2021 except the institutional money and how economic wars and affairs are affecting the price of Bitcoin, but indirectly because they have an impact on stocks or forex, which attracts money from Bitcoin, and it loses dominance.

One more thing has change since 2021 , people used to buy different altcoin that time to gain massive profit from crypto. But now only bull run is on Bitcoin. No other crypto has moved like crazy which was in previous cycle. So it's clear , that everyone is only interested in bitcoin to buy and acquire.

We are seeing lot of change's on bitcoin fork. Which could be another major changes.

[Youngrebel]

Bitcoin is not just an investment or a store of value. It is also a decentralized monetary system built on blockchain. It could be said that Bitcoin is a combination of finance, technology, and economic. Therefore, learning and understanding all aspect of it is not easy at all.

However, since our goal is simply to profit from it,  digging deep into the technical side of Bitcoin is not necessary. Instead,  we need to understand the core philosophy, market cycle, price behavior and macroeconomic factor that can affect price.


In addition,  we should also learn how to protect our  Bitcoin, as you mentioned. In my opinion, that is more than enough.

True that not everyone needs to become a bitcoin developer or understand everything about it for some investors, having a good understanding of Bitcoin is the best and it will help them understand more about its risk management, and how to be apply caution while trading and this is actually enough to make the rightful decisions when investing. Tho learning a little about how it actually work can also be so helpful and it helps you understand why Bitcoin is different from investment and gives you more confidence during periods where the market is bad. So I don’t think you need expert level knowledge, but just having a basic understanding of it works can make you a better investor.

[Ojima-ojo]

One of the proven fact about knowledge is that, it creates the desire in you to keep learning, so we can have or become an island of knowledge and the more we know about Bitcoin investment fh better we become in making cryptocurrency and Bitcoin related decisions.


New cryptocurrency ecosystem are being built in the existing network that only contemporary knowledge can give you the better understanding of their features, so you must keep learning at all time.

[seoincorporation]

However, Bitcoin is a progressive technology ecosystem that evolve continuously.

But the evolution is made under a solid base, what i mean is, the bases behind a transaction or the blockchain will stay there, so, the evolution of bitcoin is mostly on security and not on new features. And i know we have seen some evolution in the address formats or the blockchain, but the real change comes in the altcoins, bitcoin has solid rules and that kind of stuck the evolution. But you can see the real evolution in blockchains with smart contracts and stuff like that.

I wouldn't say it's about re-learn that means to learn something that we already know, i would say it's about learning all the new stuff and that's the complex part because it becomes infinite knowledge.

[MRY]

One of the proven fact about knowledge is that, it creates the desire in you to keep learning, so we can have or become an island of knowledge and the more we know about Bitcoin investment fh better we become in making cryptocurrency and Bitcoin related decisions.


New cryptocurrency ecosystem are being built in the existing network that only contemporary knowledge can give you the better understanding of their features, so you must keep learning at all time.

Crypto network cannot be studied quickly and easily. And you quite correct that knowledge is the key. Those who continually learn will more easily grasp this complex system. Through learning, we can get more careful selection of the asset. Curiosity is important in the digital world that is rapidly developing.

[Doll2233]

Exactly, learning basic knowledge about Bitcoin really helps and supports one alot, without the right knowledge about how to follow the rules of Bitcoin, one will find it hard to handle the market pressure, as they might lose control. So, the idea of taking the right steps helps them to be able to navigate through challenges in life, those who have achieved their milestone understand what it takes and also follow the right rules in doing the right thing to ensure that their effort is not wasted.

People are searching about the Bitcoin and loopholes but there is no loophole of Bitcoin because Bitcoin is free investment and people can easily get profit from that if they are not listening the sound of negative people because negative people are everywhere and these people are resisting to the people who are going forward. The people who will go forward will be successful in their life . Bitcoin has its own identity and there is no other coin like Bitcoin because Bitcoin will be best for the people who have a money to invest and they want to double this money. If you have money in your pocket do not Invest without knowledge because you could lose everything and always study the laws of government which will be followed if you want to trade in the country in which you are living because you have to pay tax to the government for the trading because you are living in that country.