Knowledge Doesn't Guarantee 100% Crypto Success....

[TokenTikas]

Knowledge is important for us, but it does not mean that knowledge will lead to success one hundred percent, because nothing in this world can be said with one hundred percent certainty. It is necessary to have knowledge and it's good to do everything properly according to that, but it does not mean that success will come every time.

Knowledge will always teach you to relate things, it will show you which ones are likely to be good and which ones are not. That is why, above everything, we have to keep trying, there is nothing to do except see what happens in the end. Whether it is the crypto market or anything else, this applies to everything.

[Big Dirams]

Knowledge is important but one thing that remains constant in the crypto market is volatility and that cannot be changed, this is what affects the dynamics of the crypto market and also makes it risky because no matter how much you understand it you are definitely going to incur losses that's the reason why you must be extremely careful when trading, it doesn't matter if you are knowledgeable about it or not, always make sure that you always trade or invest amounts of money that you know that you can afford to lose.

Knowledge is absolutely essential and it serves as strong guidance to us in the digital space. When we are knowledgeable and know much about how the market operates then we have good chances of success even if the success isn’t guaranteed in digital currency world with just knowledge alone but we get to earn more probability over those who doesn’t  have knowledge at all about what going on in the crypto market.
 This guarantee that isn’t applicable in the cryptocurrency space gives us more reason to invest or trade with good risk management and also we shouldn’t risk what we can’t afford to loss.

[Hyphen(-)]

Overall knowledge is very important in this space eg your strategy, psychology and risk management .in fact you can't do without it but still, it can never 100% certainly guarantee profit to anyone because the market continues to evolve, and we can too by making changes to our analysis and build stronger emotional stability If we want to achieve our goals as a traders or investors. That's all.....

Having knowledge is very important, it is the reason many investors and traders have confidence on themselves when trading, but some of us do forget that having knowledge is not enough, we need to be mentally stable and prepared to face the market since we have the knowledge of the market and know how volatile the market can be.

Some traders that do panic sell despite all the knowledge they have are so confident on their analysis, they will think that ad long as it goes in the opposite direction as they predicted, then something is wrong, so they will panic and sell in order not to lose all their money, and we all know that if you have prepared your self and know the risk involved, you will be patient especially if you stick to Bitcoin investment.

[Son Of Blockchain (SOB)]

Snipped....

Having knowledge is very important, it is the reason many investors and traders have confidence on themselves when trading, but some of us do forget that having knowledge is not enough, we need to be mentally stable and prepared to face the market since we have the knowledge of the market and know how volatile the market can be.

Some traders that do panic sell despite all the knowledge they have are so confident on their analysis, they will think that ad long as it goes in the opposite direction as they predicted, then something is wrong, so they will panic and sell in order not to lose all their money, and we all know that if you have prepared your self and know the risk involved, you will be patient especially if you stick to Bitcoin investment.

Knowledge is important but before making a financial decision whether for trading or investment, the person must have the capital for and know the actual fund that shouldn be channeled into it so as not to be unable to meet up necessary expenses, another thing is understanding, knowing is one thing but understanding it is also important cause when you understand you'll be able to manage the risk in it.
 About panic selling, I think it's normal for traders to panic when the market doesn't go their way, traders chase quick gains and would sell at any threat to lose that's why they use SP and TP as risk management, I think you're referring to investors and not traders cause investors are the ones who shouldn't panic since their goal is long term.

[Su-asa]

I totally agree with that, knowledge is very essential but it doesn't necessarily mean that it is going to put you in consistent profits. If knowledge is all it takes to be successful in crypto currency then a lot of people would have turned out to be millionaires. Asides from knowledge you also need discipline, patience and strategy, without having these three attributes the knowledge you have wouldn't be able to take you anywhere.

[Tetu100]

Since nothing can be 100% guaranteed in Bitcoin investment regardless our years of experience, knowledge, strategy and lot more, then  investing with what we can afford to lose becomes inevitable that we can't do away with. However, the op was right when he said that knowledge is also important to us as an investor because it can increases our chances of being successful in our investment journey no doubt, but still it can't be 100% guaranteed. However, what I think that can help even though I can not assure you 100% is to be properly disciplined as an investor, and to process a strong holding ability to endure till the end of your investment time, and above all is to ensure you keep up a strong accumulating power, hence you are able to match up this  functions I can bet you a better chance of doing exploit in your investment journey.

[Bryan jessy]

Regardless of how knowledgeable a person is there is definitely no guarantee that he is going to succeed in crypto space especially in Bitcoin investment that requires more than just knowledge, there are some necessary strategic approaches to succeed in Bitcoin investment and some other features, a knowledgeable person can go into short term investment and panic during dip and end up selling at loss because of fear, knowledge is a major attribute that is necessary to possess, everything in life has a specific approach to which it most be operated to give a better result, so using the knowledge to utilize this approach effectively is what most people find difficult to do that's why it will seem difficult for such people succeed.

[L E G E N D A R Y]

I totally agree with that, knowledge is very essential but it doesn't necessarily mean that it is going to put you in consistent profits. If knowledge is all it takes to be successful in crypto currency then a lot of people would have turned out to be millionaires. Asides from knowledge you also need discipline, patience and strategy, without having these three attributes the knowledge you have wouldn't be able to take you anywhere.

Well part of having knowledge is knowing that your knowledge may not always guarantee one profits in the world of crypto, particularly for those who are short term investors or traders. I used particularly because these are the ones that takes the most risks as far as crypto is concerned. They’re the ones who does the most research just so they’ll be able to keep up with the market, and most of them rely too much on their knowledge and that’s why they make or experience the most losses.

[Freeveto]

Regardless of how knowledgeable a person is there is definitely no guarantee that he is going to succeed in crypto space especially in Bitcoin investment that requires more than just knowledge, there are some necessary strategic approaches to succeed in Bitcoin investment and some other features, a knowledgeable person can go into short term investment and panic during dip and end up selling at loss because of fear, knowledge is a major attribute that is necessary to possess, everything in life has a specific approach to which it most be operated to give a better result, so using the knowledge to utilize this approach effectively is what most people find difficult to do that's why it will seem difficult for such people succeed.

That’s right, but did you know that even if you use your knowledge to do the right thing, use it for good strategy and place a good trade based on your knowledge and analysis you are still not guaranteed of success in cryptocurrency!
You can actually make good profit if you stick to investment that is futures for long plan and not only for short term trading. For example, buying Bitcoin to hold for long, regardless of the method you use to invest, you will be profitable when the market goes up, and the value finite investment will be maintained with Bitcoin investment.

[Queen uloma]

Sure, nothing does guarantee success in this world, Knowledge won’t, emotional intelligence won’t and even strategies won’t, you just have to try and hope you succeed.

That’s why you can’t be 100% confident about succeeding in your investments, I understand having a positive mindset is really important and good but atleast since its investment and it involves risks, you can’t be sure you’re definitely going to succeed.

And one more thing about it is the fact that you can’t accurately time the market, that’s the mistake some people make, the believe they can time the market with their analysis and technical knowledge but it ends up disappointing them.

I agree with you, nothing for this life Dey guarantee success. Intelligence, knowledge, emotional and even the best strategy fit improve your  chances but e no fit stop the risk or guarantee any positive outcome. The best thing nah to make inform decisions.  The same thing apply to investment. E good to get positive mindset becos  e Dey help you to stay discipline during difficult market situation. But e good for person not to mistake optimism for certainty. All investment Dey carry e own risk, so No body go say them Dey guarantee to succeed.

 Another mistake na when you believe say u fit time the market. Many investors Dey become over confident for their technical analysis or for their market  predictions, expecting to buy at d bottom and sell it at the top. For reality even experience investors them Dey get am wrong becos market Dey influence by many unpredictable factors. Na becos of this thing na e make many investors Dey prefer strategies like dollar-cost averaging instead of them trying to perfect time market movement.

[Juicyhome]

Regardless of how knowledgeable a person is there is definitely no guarantee that he is going to succeed in crypto space especially in Bitcoin investment that requires more than just knowledge, there are some necessary strategic approaches to succeed in Bitcoin investment and some other features, a knowledgeable person can go into short term investment and panic during dip and end up selling at loss because of fear, knowledge is a major attribute that is necessary to possess, everything in life has a specific approach to which it most be operated to give a better result, so using the knowledge to utilize this approach effectively is what most people find difficult to do that's why it will seem difficult for such people succeed.

I disagree with you on this mate, knowledge is all you need to be successful in crypto and 70% of those in crypto and are doing well are people that experienced in crypto, they know the risk and patience in crypto, success is sure for experienced crypto entrepreneur than those with little knowledge about crypto.

The only barrier most knowledgeable crypto entrepreneur has is money to buy coin, they have the knowledge but no resources to buy and hold, they have the knowledge but not funds to buy. While those without knowledge has the funds and are using every opportunity to buy , that's the only advantage one has over knowledge.

[Cgrexp]

Overall knowledge is very important in this space eg your strategy, psychology and risk management .in fact you can't do without it but still, it can never 100% certainly guarantee profit to anyone because the market continues to evolve, and we can too by making changes to our analysis and build stronger emotional stability If we want to achieve our goals as a traders or investors. That's all.....

Having knowledge is very important, it is the reason many investors and traders have confidence on themselves when trading, but some of us do forget that having knowledge is not enough, we need to be mentally stable and prepared to face the market since we have the knowledge of the market and know how volatile the market can be.

Some traders that do panic sell despite all the knowledge they have are so confident on their analysis, they will think that ad long as it goes in the opposite direction as they predicted, then something is wrong, so they will panic and sell in order not to lose all their money, and we all know that if you have prepared your self and know the risk involved, you will be patient especially if you stick to Bitcoin investment.

Knowledge is important  but knowledge is not enough. Basically  many people think that because they have knowledge about trading .  they will be able to make a profit. Such confidence can harm them. Because even if we have knowledge  it does not guarantee our profit. However  trading with zero knowledge makes it completely dependent on luck, like gambling. That is  a balance is needed where a trader can use his knowledge in a balanced way that will help him make the right decisions and decisions considering his own risks and capabilities  but will not make him overconfident. Because when a trader is overconfident about his predictions and thinks that he knows everything, later if he is proven wrong and can be damaged.

[kingstep]

I totally agree with that, knowledge is very essential but it doesn't necessarily mean that it is going to put you in consistent profits. If knowledge is all it takes to be successful in crypto currency then a lot of people would have turned out to be millionaires.

In times when news comes up in a manner that is capable of discouraging investors to keep at their investment, it is necessary to know that what you know matters and you have to at such instance focus more on the positives than the negative that can only spread more FUD. there are basically different things that leads to success for every investors which ranges from having the right knowledge to investing the right amount to also staying positive when negative comments and complement stands to prevent you from having a success investment routine. if any of these ingredient is missing, it is going to certainly affect you in a certain way.

[Mr_Brilliant$]

Knowledge is important but one thing that remains constant in the crypto market is volatility and that cannot be changed, this is what affects the dynamics of the crypto market and also makes it risky because no matter how much you understand it you are definitely going to incur losses that's the reason why you must be extremely careful when trading, it doesn't matter if you are knowledgeable about it or not, always make sure that you always trade or invest amounts of money that you know that you can afford to lose.

Knowledge dey important because e go help person avoid plenty costly mistakes, but e no fit remove the uncertainty wey dey crypto market..  Even people wey don dey the game for years still dey record losses sometimes because nobody fit control the market..
No matter how confident you dey about Bitcoin or the crypto market, make sure say if anything go wrong, e no go affect your finances badly.. For this market, nor be who know pass dey always win, na who fit dey more calculative with him capital and stay consistent for the long run, na em go get more upper hand.. Patience and discipline dey carry person go farther than just knowledge alone..

[Exitoral]

Regardless of how knowledgeable a person is there is definitely no guarantee that he is going to succeed in crypto space especially in Bitcoin investment that requires more than just knowledge, there are some necessary strategic approaches to succeed in Bitcoin investment and some other features, a knowledgeable person can go into short term investment and panic during dip and end up selling at loss because of fear, knowledge is a major attribute that is necessary to possess, everything in life has a specific approach to which it most be operated to give a better result, so using the knowledge to utilize this approach effectively is what most people find difficult to do that's why it will seem difficult for such people succeed.

I disagree with you on this mate, knowledge is all you need to be successful in crypto and 70% of those in crypto and are doing well are people that experienced in crypto, they know the risk and patience in crypto, success is sure for experienced crypto entrepreneur than those with little knowledge about crypto.

The only barrier most knowledgeable crypto entrepreneur has is money to buy coin, they have the knowledge but no resources to buy and hold, they have the knowledge but not funds to buy. While those without knowledge has the funds and are using every opportunity to buy , that's the only advantage one has over knowledge.

I agree with you. But there's still on more thing to point out. In as much we need knowledge to be successful in crypto. I beg to differ that there are kinds of knowledge that will make one succeed. The first knowledge is the one we have about Bitcoin. The other one is the one that makes us understand our emotions,  risk - simply put understanding yourself as a person. Both are needed to succeed in Bitcoin and crypto as a whole.

[Out of mind]

A crypto enthusiast definitely needs knowledge and experience to be successful in the future. But many times it is seen that success in crypto cannot be achieved with knowledge and experience, but basically I think it depends a lot on the luck of a person. Even those who are knowledgeable and experienced often lose while trading, this mainly happens here due to the instability of the market. You can never achieve success by investing and trading with only academic knowledge, but you should know well when to enter the market. You must have some idea about when and in which direction the market can enter, otherwise you will face losses. Moreover, many times if you do not control yourself, when the market starts to decline, you cannot reach success here by selling due to mental stress. However, it is true that success in crypto trading and investment cannot be achieved with knowledge and experience, but to achieve success, you must know about the market situation and keep yourself in control.

[Odogwu-Blockchain]

The only barrier most knowledgeable crypto entrepreneur has is money to buy coin, they have the knowledge but no resources to buy and hold, they have the knowledge but not funds to buy. While those without knowledge has the funds and are using every opportunity to buy , that's the only advantage one has over knowledge.

Exactly, this could be a similar example of why students who normally take first position while in primary schools sometimes struggle in life and while those who takes last often do well in life because of so many factors like connections, information, updates and many more. Another example are those who drop out of school are millionaires and create jobs for those who graduates from school.

Crypto knowledge and success works the same way, some newbies out there can deposit $50k and gather lots of profits in the next few months while the knowledgeable guy sees the bull run passing by and does nothing towards it, it's always painful because I've been there.

Don't be surprised if Davido manager will advise him to deposit $200k in Bitcoin and then gets up to $1m during incoming bull season, you and I quietly know that Davido has zero knowledge in crypto.

[Sammye3]

Having knowledge is one thing, then having knowing and knowing how to use them is another thing. Some people may have the knowledge about something but never make the right use of that knowledge and that hinders success too. But in a general sense, whatever knowledge or how its used does not completely guarantee success, especially with cryptocurrencies.

It's never completely predictable what every bitcoin move would be, no matter what amount of knowledge in anyone's possession but knowledge sure keeps one close to success.

[Ndabagi01]

I get your point, you will even be seeing traders and analysts making different analyses, this is what I have noticed since I know about cryptocurrencies. Also yourself may not know where the market direction will be going but you can begin DCA when the price of bitcoin dip significantly which is the best and I have confirmed this to be true.

Anyone can make prediction of the market as they want, not many of them knows how the market operates or how to predict the market to be in good relation to the reality of the market. DCA is a very good approach to beginners in bitcoin investment and if they’re able to follow it up with consistency, they will reach the peak of their investment in due time. Falling for the FUDs can really make one lose one of their greatest chances in making the best out of bitcoin investment. Knowledge is important in order not to fall for gibberish’s like this.

[abaeze]

I agree that only knowledge does not guarantee success in investing to crypto.There is no such guarantee in any investment or trading market. A person can know technical analysis, on-chain data, macroeconomics, and still make wrong decisions or the market may go against his expectations. So it can be said that knowledge is necessary, but it is not enough for crypto success. An investor has the best chance of success if he has knowledge, risk management, mental discipline, and patience.

However, it is also true that without knowledge, the chances of consistent success in the long run are even lower. Knowledge does not guarantee your success, but it increases your chances of success and reduces the risk of making big mistakes.