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

[Agbam]

Having the necessary information and knowledge about bitcoin network and how it works is very important, because this is the first security we needed to put in place but does not makes us to maximize our potential to make profit, while our strategy does, having knowledge we only prevent you from being scammed and making some costly mistakes, while what's determines your profitability in Bitcoin is your ability to be able to apply your knowledge into a practical use with your bitcoin adoption decision with the strategy you use.

Yeah good information and knowledge is an essential tool but it doesn’t guarantee success when it comes to crypto investment especially trading. Having a good knowledge will help you manage and curtail the risks involved but as we all know it’s a very volatile market and no amount of knowledge can make you predict it.

But it’s better you have the knowledge than you don’t, take a trader for example; imagine a total newbie going to trade or even copy trading, without basic knowledge you’ll find that he’ll make a lot of mistakes which will cost him greatly.

[Bit-Mj1014]

It’s a harsh truth, but it’s being told with a lot of wisdom.Crypto can be incredibly unforgiving, and it’s comforting to remember that even the smartest people get blindsided by sudden market shifts. We aren't robots. We panic, we get anxious, and we make emotional mistakes because we are human.
Accepting that knowledge doesn't make us invincible is actually pretty freeing. It teaches us to be more cautious, look after our mental health, and not tie our self worth to a green or red candle.

[Slimzeee]

Even some of the things you have mentioned, such as adopting a strategy, might not necessarily be directly proportional to your success in the Bitcoin journey. Knowledge, strategy, and analysis are important, but they still cannot guarantee success in a market that is often driven by sentiment and unpredictability.

Although what I will strongly go against is panic buying and panic selling. This can greatly affect you when you decide to just jump on any trend without proper conviction or emotional control.

However, from my own experience, I will advise that the most successful portfolio to run in Bitcoin is holding. In this way, the risks are relatively lower, and you don't necessarily need to know the A–Z of Bitcoin before you begin the process. What matters more is having patience, managing your emotions, and avoiding decisions driven by fear or hype

[Pressurizedem]

It is very true that knowledge doesn't guarantee 100 percent of success in crypto investment, this is because  the market is really dynamic in nature, it can be very stable today to be able to guarantee success, but after a certain period of time, it will fluctuate. It goes on and on like that, and that is what normally make people who thought they were very good at investment fail. It shows that no matter how experience you claim to be, trading can still mess up your mental state when you loose. The only difference is that when you already have experience and knowledge about it, the chances that you will lose most times is very slim. That is why it is advisable to always learn first, makes researches first before accelerating any move towards trading. Traders who refuse to learn and make research before doing any investment is always bound to lose money and fail woefully.

[SmartCharpa]

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.

There’s this saying that “nobody is perfect” regardless of how good you feel about yourself, that doesn’t guarantee success in everything you do. Having the knowledge is very important because it reduces the chances of getting scammed or investing the wrong way. When you have knowledge about the particular thing you want to invest in, you will invest wisely, unlike others who invest due to a rumor they heard about it.

You know that when it comes to trading, a lot of people look up to someone. They see them as a mentor and wish they could be like them in the future. Looking up to be like someone doesn’t mean they can guarantee success in trading. They also lose money, but I think they show their wins than their losses. Always remember that even long term investing does not guarantee success.

[Jubilee58]

I wanted to write this topic earlier but it often slips my mind. So yeah we can all agree that having knowledge in this crypto space is everything but then one thing we should always remember is that having knowledge does not guarantee that you will make profits from your investments or your trades. I'm not saying having knowledge is bad in fact, it's a must if you indeed want to increase your chances of thriving as a crypto enthusiast. But then we have to be real with ourselves. Folks often study how the market works, learn to read charts, price movements, patterns, and follow up on the latest news, yet still end up losing trades or even panic and sell their investment when the price falls below their buying price.

In the case of bitcoin, profit is guaranteed on the long run.
It is necessary for any trader to understand that trading Bitcoin is highly risky, is possible a trader can loose his entire money trading bitcoin, but when an investor is hodling, you only need patience, and endure the market crash or bitcoin drop in price.
Any investor who understand bitcoin, does not fear market crash , because there is every assurance that Bitcoin price will recover again.

When we talk about altcoins, they are high risk investment, and making profit from altcoins is very uncertain even when that coin remains in your portfolio for a long period of time, and it might end up crashing to even zero percent.

Even when you don't care about altcoins, it is necessary you understand how bitcoin investing works, because when you understand how bitcoin investing works, it is difficult to make losses investing in bitcoin. So far you are long term investor profit is guaranteed in a period of 5-10 years, and this is my knowledge about bitcoin, but not sure of any altcoin that guarantees profit on the long run.

[Cgrexp]

It is very true that knowledge doesn't guarantee 100 percent of success in crypto investment, this is because  the market is really dynamic in nature, it can be very stable today to be able to guarantee success, but after a certain period of time, it will fluctuate. It goes on and on like that, and that is what normally make people who thought they were very good at investment fail. It shows that no matter how experience you claim to be, trading can still mess up your mental state when you loose. The only difference is that when you already have experience and knowledge about it, the chances that you will lose most times is very slim. That is why it is advisable to always learn first, makes researches first before accelerating any move towards trading. Traders who refuse to learn and make research before doing any investment is always bound to lose money and fail woefully.

The Bitcoin market is volatile and uncertain . so knowledge alone does not guarantee 100% success. Many experienced traders have also made wrong decisions and faced losses. However, knowledge and experience help a trader in avoiding wrong decisions, as a result of which he does not make decisions based on emotions. As a result, rationality is created in decisions and realistic decisions can be made. Therefore, it is possible to deal with mental stress in trading relatively well when a trader has prepared risk management. It is necessary to have sufficient knowledge from the beginning of trading and try to improve the ability to observe through research and practice. A trader is at risk of losing money when he trades without any preparation, only on rumors or in the hope of seeing others' profits. That is why having knowledge is necessary. And although knowledge does not guarantee success, it helps a trader to get into a better position than being ignorant.

[Tetu100]

Having knowledge increases the chances of making profit but there is no guarantee, but this is not a discouragement not to seek knowledge because without it your efforts to succeed in crypto would be waste.

I will disagree with whosoever that will say knowledge isn't necessary. Whether we like it or not having knowledge in Bitcoin investment or in crypto asset at large is also very essential, because you can't be moving blindly and expect things to just happen all by itself.  You must have at least an idea towards it else you will be like a blind dude moving without having a specific or a meaningful direction. Furthermore, personally I don't joke with knowledge, I see it as a possible way forward in Bitcoin investment and also applicable to our everyday life. However, the ability to understand that the discretionary funds is the best funds we can invest with, and also to acknowledge how crucial it's in setting up an emergency funds in our investment to combat against  future challenges is through knowledge we were able to know all of these so you see what I'm talking about. Their is no successfully bitcoin investment story that doesn't have knowledge in the picture.